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Daily Current Affairs
06 & 07 March, 2026
1. India’s 7th National Biodiversity Report is submitted to which international convention?
A. United Nations Framework Convention on Climate Change (UNFCCC)
B. Convention on Biological Diversity (CBD)
C. Ramsar Convention
D. Convention on Migratory Species
E. International Union for Conservation of Nature (IUCN)
Answer: B. Convention on Biological Diversity (CBD)
Explanation: India’s 7th National Biodiversity Report has been submitted to the Convention on Biological Diversity (CBD). The report assesses India’s progress in biodiversity conservation and alignment with the Kunming–Montreal Global Biodiversity Framework (KMGBF) targets for 2030.
2. The Kunming–Montreal Global Biodiversity Framework (KMGBF) aims to protect what percentage of land and marine areas by 2030?
A. 10%
B. 20%
C. 30%
D. 40%
E. 50%
Answer: C. 30%
Explanation: The Kunming–Montreal Global Biodiversity Framework introduced the “30×30 target”, which aims to protect 30% of global land and marine areas by 2030 in order to halt biodiversity loss and protect ecosystems.
3. The mascots “Pragati” and “Vikas” were introduced for which national initiative?
A. National Population Policy 2025
B. Census 2027
C. Digital India Programme
D. National Family Health Survey
E. Ayushman Bharat Mission
Answer: B. Census 2027
Explanation: The Government of India unveiled the mascots “Pragati” and “Vikas” to promote awareness and participation in Census 2027. Pragati represents a female enumerator and Vikas represents a male enumerator, symbolising inclusive development.
4. The term “Sanand 2.0” refers to the transformation of Sanand in Gujarat into a hub for which industry?
A. Textile manufacturing
B. Automobile manufacturing
C. Semiconductor manufacturing
D. Pharmaceutical manufacturing
E. Aerospace manufacturing
Answer: C. Semiconductor manufacturing
Explanation: “Sanand 2.0” describes the transformation of Sanand in Gujarat from an automobile manufacturing hub (Sanand 1.0) into a semiconductor manufacturing ecosystem with the establishment of Micron Technology’s ATMP semiconductor facility.
5. The â‚ą590-crore fraud uncovered in Haryana government accounts was linked to which bank?
A. HDFC Bank
B. ICICI Bank
C. IDFC First Bank
D. Punjab National Bank
E. Axis Bank
Answer: C. IDFC First Bank
Explanation: A â‚ą590-crore fraud was detected in Haryana government accounts maintained at a Chandigarh branch of IDFC First Bank. The scam reportedly involved forged cheques, manipulation of bank records, and diversion of funds to private entities.
6. Under RBI’s proposed relief for small digital fraud victims, the maximum compensation that a customer may receive is:
A. â‚ą10,000
B. â‚ą15,000
C. â‚ą20,000
D. â‚ą25,000
E. â‚ą50,000
Answer: D. â‚ą25,000
Explanation: RBI has proposed that customers who lose up to â‚ą50,000 in digital fraud may receive compensation of up to â‚ą25,000 if the fraud is reported within five days of the incident. The cost will be shared between RBI and banks.
7. Which organisation notified the amendments to include crypto assets and CBDCs under India’s tax reporting framework?
A. Reserve Bank of India (RBI)
B. Securities and Exchange Board of India (SEBI)
C. Central Board of Direct Taxes (CBDT)
D. Ministry of Finance
E. NITI Aayog
Answer: C. Central Board of Direct Taxes (CBDT)
Explanation: The Central Board of Direct Taxes (CBDT) notified amendments to the Income-tax Rules, 2026, bringing crypto assets, CBDCs, and certain electronic money products under the financial account reporting framework.
8. SEBI’s debit freeze facility for mutual fund folios allows investors to:
A. Increase SIP contributions automatically
B. Block all debit transactions from their folio
C. Convert mutual funds into fixed deposits
D. Transfer units automatically to another investor
E. Increase redemption limits
Answer: B. Block all debit transactions from their folio
Explanation: SEBI introduced a voluntary debit freeze facility that allows investors to lock their mutual fund folio. When activated, redemption, transfer, or any outflow transactions are blocked until the investor unlocks the folio.
9. SWIFT stands for:
A. Secure Worldwide International Financial Transactions
B. Society for Worldwide Interbank Financial Telecommunication
C. System for Worldwide Interbank Financial Transfers
D. Secure Wire Interbank Finance Technology
E. Society for Worldwide Internet Financial Transactions
Answer: B. Society for Worldwide Interbank Financial Telecommunication
Explanation: SWIFT is a global financial messaging network used by more than 11,000 financial institutions to securely transmit payment instructions and facilitate international banking transactions.
10. India and the UAE are planning to link their CBDCs for instant cross-border transfers. India’s CBDC is known as:
A. Digital Rupee
B. e-Rupee
C. Bharat Coin
D. IndiaCoin
E. RuPay Digital
Answer: B. e-Rupee
Explanation: India’s Central Bank Digital Currency is called the e-Rupee and is issued by the Reserve Bank of India. India and the UAE are exploring a CBDC bridge connecting the e-Rupee with the UAE’s Digital Dirham for instant cross-border payments.
