12 March 2026 Current Affairs MCQ

March 12, 2026

1. The Government of India sets Ground Level Credit (GLC) targets primarily for which sector?

A. Manufacturing sector
B. Agriculture and allied sectors
C. MSME sector
D. Infrastructure sector

✅ Answer: B. Agriculture and allied sectors

Explanation:
The Government annually sets Ground Level Credit (GLC) targets for banks to ensure adequate credit flow to agriculture and allied sectors , supporting farm productivity and rural development.

2. Which regulatory body granted Certificates of Registration to Allianz Jio Reinsurance Limited and Kiwi General Insurance Limited ?

A. SEBI
B. RBI
C. IRDAI
D. NABARD

✅ Answer: C. IRDAI

Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance sector and issued the Certificates of Registration allowing the companies to start insurance operations.

3. Nashik Municipal Corporation recently listed which type of bonds on the National Stock Exchange (NSE) ?

A. Infrastructure bonds
B. Municipal development bonds
C. Green municipal bonds
D. Social welfare bonds

✅ Answer: C. Green municipal bonds

Explanation:
Nashik became the first Urban Local Body in Maharashtra to list Green Municipal Bonds , aimed at financing environmentally sustainable infrastructure projects.

4. The RuPay ‘On-The-Go’ Card launched by PhonePe is based on which system?

A. Unified Payments Interface (UPI)
B. National Common Mobility Card (NCMC)
C. Bharat Bill Payment System
D. FASTag

✅ Answer: B. National Common Mobility Card (NCMC)

Explanation:
The card is built on the National Common Mobility Card (NCMC) framework , enabling contactless payments for public transport services .

5. India and which country jointly launched a pharmaceutical and nutraceutical corridor targeting the Eurasian market?

A. Kazakhstan
B. Uzbekistan
C. Russia
D. Azerbaijan

✅ Answer: B. Uzbekistan

Explanation:
India and Uzbekistan launched a pharmaceutical corridor to expand access to the CIS and Eurasian healthcare markets valued at USD 7–10 billion .

6. The report “Trends in International Arms Transfers, 2025” was released by which organization?

A. International Institute for Strategic Studies
B. SIPRI
C. NATO
D. UNODA

✅ Answer: B. SIPRI

Explanation:
The Stockholm International Peace Research Institute (SIPRI) publishes global reports on arms transfers and military spending .