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Daily Current Affairs
31 January, 2026
1. BHARAT SAMPARK initiative is primarily aimed at which of the following?
[A] Promoting foreign direct investment
[B] Connecting youth with government policy-making
[C] Expanding postal services to rural areas only
[D] Skill development for government employees
[E] Reforming higher education curriculum
Answer: B – Connecting youth with government policy-making
Explanation: BHARAT SAMPARK is a government outreach programme designed to engage students, especially from premier institutions, with public institutions, policy processes, and nation-building initiatives.
2. The nodal ministry for the BHARAT SAMPARK initiative is:
[A] Ministry of Education
[B] Ministry of Electronics and IT
[C] Ministry of Communications
[D] Ministry of Youth Affairs
[E] Ministry of Home Affairs
Answer: C – Ministry of Communications
Explanation: BHARAT SAMPARK is coordinated by the Ministry of Communications, with a strong focus on India Post modernisation and digital infrastructure.
3. The National Commission for Women (NCW) was established under which Act?
[A] Protection of Women from Domestic Violence Act, 2005
[B] National Commission for Women Act, 1990
[C] Commission for Gender Equality Act, 1992
[D] Women’s Rights Protection Act, 1989
[E] Constitution (42nd Amendment) Act
Answer: B – National Commission for Women Act, 1990
Explanation: NCW is a statutory body established in 1992 under the National Commission for Women Act, 1990.
4. India’s first mega shipbuilding cluster (NSHIP) is being developed at which location?
[A] Kochi, Kerala
[B] Visakhapatnam, Andhra Pradesh
[C] Kandla, Gujarat
[D] Thoothukudi, Tamil Nadu
[E] Paradip, Odisha
Answer: D – Thoothukudi, Tamil Nadu
Explanation: The National Shipbuilding & Heavy Industries Park (NSHIP) is India’s first mega shipbuilding cluster located at Thoothukudi, Tamil Nadu.
5. The base year of India’s new Consumer Price Index (CPI) series is:
[A] 2010–11
[B] 2011–12
[C] 2017–18
[D] 2020–21
[E] 2023–24
Answer: E – 2023–24
Explanation: The CPI base year has been revised from 2011–12 to 2023–24 using data from the latest Household Consumption Expenditure Survey.
6. Which component’s weight has significantly reduced in the new CPI series?
[A] Housing
[B] Transport
[C] Health
[D] Food and Beverages
[E] Education
Answer: D – Food and Beverages
Explanation: The weight of food and beverages declined from about 46% to nearly 37%, reflecting changing consumption patterns as per Engel’s Law.
7. Slice Small Finance Bank launched India’s first digital savings account linked entirely to which rate?
[A] Bank Rate
[B] MCLR
[C] Repo Rate
[D] Reverse Repo Rate
[E] MSF Rate
Answer: C – Repo Rate
Explanation: Slice launched India’s first digital savings account linked 100% to the RBI’s repo rate, with daily interest calculation and credit.
8. The Payment Aggregator–Physical (PA-P) licence is issued by:
[A] SEBI
[B] Ministry of Finance
[C] NPCI
[D] Reserve Bank of India
[E] MeitY
Answer: D – Reserve Bank of India
Explanation: The RBI issues PA-P licences, allowing entities to aggregate and process offline digital payments for merchants.
9. The first USD-backed stablecoin approved by the UAE Central Bank is issued by:
[A] Binance
[B] Ripple
[C] Universal Digital
[D] Circle
[E] Tether
Answer: C – Universal Digital
Explanation: The USD-backed stablecoin (USDU) is issued by Universal Digital and is regulated under the UAE’s Payment Token Services Regulation.
10. SEBI’s No-Objection Certificate (NOC) to NSE allows it to do which of the following?
[A] Begin trading in cryptocurrencies
[B] Merge with BSE
[C] Start IPO preparations
[D] Launch new commodity exchanges
[E] Regulate stock brokers
Answer: C – Start IPO preparations
Explanation: SEBI’s NOC permits NSE to appoint intermediaries, prepare DRHP, and proceed with IPO-related formalities.
