27 February 2026 Current Affair MCQ

MCQ 1 – Banking Governance

Q1. Small Finance Banks (SFBs) in India are primarily regulated under the supervision of:

A) SEBI
B) RBI
C) IRDAI
D) Ministry of Finance

✅ Answer: B) RBI

Explanation:
Small Finance Banks are licensed and regulated by the Reserve Bank of India (RBI) under the Banking Regulation Act, 1949. Leadership appointments require RBI approval.

MCQ 2 – Multilateral Development Finance

Q2. The Asian Development Bank’s USD 108 million financing to Aavas Financiers is primarily intended to support:

A) Renewable energy exports
B) Affordable housing finance
C) MSME digitalisation
D) Agricultural mechanisation

✅ Answer: B) Affordable housing finance

Explanation:
ADB funding strengthens long-term capital availability for housing finance institutions, promoting inclusive housing access.

MCQ 3 – MSP Mechanism

Q3. The Minimum Support Price (MSP) for Raw Jute is approved by:

A) Ministry of Agriculture
B) NITI Aayog
C) Cabinet Committee on Economic Affairs (CCEA)
D) Food Corporation of India

✅ Answer: C) Cabinet Committee on Economic Affairs (CCEA)

Explanation:
MSPs are approved by the CCEA based on recommendations of the Commission for Agricultural Costs and Prices (CACP).

MCQ 4 – Blockchain in Governance

Q4. Blockchain-based governance solutions are primarily valued for:

A) Reducing fiscal deficit
B) Increasing discretionary power
C) Enhancing transparency and tamper-proof record keeping
D) Expanding cash transactions

✅ Answer: C) Enhancing transparency and tamper-proof record keeping

Explanation:
Blockchain enables decentralised, immutable records, improving transparency in public administration.

MCQ 5 – Labour Welfare Architecture

Q5. Employees’ State Insurance Corporation (ESIC) primarily provides:

A) Pension to all senior citizens
B) Health insurance and social security to organised workers
C) Crop insurance to farmers
D) Direct income transfers

✅ Answer: B) Health insurance and social security to organised workers

Explanation:
ESIC offers medical, sickness, maternity and disability benefits to workers under the ESI Act, 1948.

MCQ 6 – Road Safety Governance

Q6. The ‘Rah-Veer’ Scheme is aligned with which broader policy objective?

A) Fiscal consolidation
B) Good Samaritan protection & road safety reforms
C) Export promotion
D) Digital payment adoption

✅ Answer: B) Good Samaritan protection & road safety reforms

Explanation:
The scheme incentivises citizens to assist accident victims,