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Daily Current Affairs
4 April, 2026
1. INS Taragiri is part of which naval project?
A) Project 15B
B) Project 75
C) Project 17A
D) Project Varsha
E) Project Arihant
Answer: C) Project 17A
Explanation: INS Taragiri is a stealth frigate under Project 17A (Nilgiri-class), aimed at building advanced guided-missile frigates for the Indian Navy.
2. Which propulsion system is used in INS Taragiri?
A) Nuclear propulsion
B) Diesel-electric propulsion
C) Combined Diesel or Gas (CODOG)
D) Steam turbine propulsion
E) Solar-electric propulsion
Answer: C) Combined Diesel or Gas (CODOG)
Explanation: CODOG allows ships to operate efficiently at low speeds using diesel engines and switch to gas turbines for high-speed combat operations.
3. What is the main role of an SSBN like INS Aridhaman?
A) Coastal surveillance
B) Anti-piracy operations
C) Strategic nuclear deterrence
D) Cargo transport
E) Amphibious warfare
Answer: C) Strategic nuclear deterrence
Explanation: SSBNs carry nuclear ballistic missiles and ensure second-strike capability, forming a key part of the nuclear triad.
4. What is the primary function of the ‘Kar Saathi’ platform?
A) Managing stock market investments
B) Providing AI-based tax assistance
C) Monitoring banking frauds
D) Collecting GST manually
E) Issuing PAN cards
Answer: B) Providing AI-based tax assistance
Explanation: Kar Saathi is an AI-powered platform designed to assist taxpayers with filing, compliance, and queries under the Income Tax Act, 2025.
5. What does SAMPANN primarily deal with?
A) Banking transactions
B) Pension management
C) Agricultural subsidies
D) Insurance claims
E) Tax refunds
Answer: B) Pension management
Explanation: SAMPANN (System for Accounting and Management of Pension) is a cloud-based platform that handles end-to-end pension processing and disbursement.
6. What is the main objective of RBI’s Benchmark Issuance Strategy (BIS)?
A) Increase inflation
B) Reduce market fragmentation in SDLs
C) Eliminate state borrowing
D) Promote foreign investment only
E) Replace G-Secs
Answer: B) Reduce market fragmentation in SDLs
Explanation: BIS standardizes bond issuance to improve liquidity and price discovery in State Development Loans (SDLs).
7. What does ‘Yield’ represent in the bond market?
A) Tax collected on bonds
B) Price of the bond
C) Interest earned by investors
D) Government subsidy
E) Credit rating
Answer: C) Interest earned by investors
Explanation: Yield refers to the effective return an investor earns on a bond investment.
8. According to the study, what percentage of microfinance loans are used for business purposes?
A) 25%
B) 40%
C) 50%
D) 75%
E) 90%
Answer: D) 75%
Explanation: The study shows that 75% of microfinance loans are used for productive activities like business and livelihood generation.
9. What is the maximum permissible FOIR threshold set by RBI?
A) 25%
B) 40%
C) 50%
D) 60%
E) 75%
Answer: C) 50%
Explanation: RBI allows a maximum FOIR of 50%, while the study reported a healthier level of 18.7%, indicating low borrower stress.
10. Which of the following entities is classified as a Domestic Systemically Important Insurer (D-SII)?
A) HDFC Life
B) SBI Life
C) LIC
D) ICICI Lombard
E) Bajaj Allianz
Answer: C) LIC
Explanation: LIC, along with GIC Re and NIACL, has been designated as a D-SII due to its systemic importance to the Indian financial system.
