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, strengthening emergency response systems.
MCQ 7 – Internal Security
Q7. The Government Railway Police (GRP) primarily functions under:
A) Ministry of Railways
B) Ministry of Home Affairs (State Police structure)
C) Railway Board
D) NIA
✅ Answer: B) Ministry of Home Affairs (State Police structure)
Explanation:
GRP is part of the state police system, while Railway Protection Force (RPF) comes under Ministry of Railways.
MCQ 8 – India–Israel Relations
Q8. Free Trade Agreement (FTA) negotiations generally include discussions on:
-
Tariff reduction
-
Services trade
-
Investment protection
Which of the above are typically part of FTA frameworks?
A) 1 only
B) 1 and 2 only
C) 1 and 3 only
D) 1, 2 and 3
✅ Answer: D) 1, 2 and 3
Explanation:
Modern FTAs include goods, services, investment, intellectual property, and regulatory cooperation.
MCQ 9 – Sanitary & Phytosanitary (SPS) Measures
Q9. A country’s ban on poultry imports citing public health concerns is an example of:
A) Anti-dumping duty
B) Safeguard measure
C) Sanitary and Phytosanitary (SPS) measure
D) Countervailing duty
✅ Answer: C) Sanitary and Phytosanitary (SPS) measure
Explanation:
SPS measures protect human, animal, and plant health under WTO rules.
MCQ 10 – Defence Diplomacy
Q10. Exercise Dharma Guardian is conducted between India and:
A) USA
B) France
C) Japan
D) Australia
✅ Answer: C) Japan
Explanation:
Dharma Guardian is a bilateral military exercise strengthening India–Japan defence cooperation under Indo-Pacific strategy.
MCQ 11 – Maritime Security
Q11. High-tempo maritime exercises in Lakshadweep and Minicoy primarily strengthen:
A) Himalayan border defence
B) Island security & Indian Ocean preparedness
C) Space surveillance
D) Arctic operations
✅ Answer: B) Island security & Indian Ocean preparedness
Explanation:
Lakshadweep’s strategic location makes maritime exercises crucial for sea-lane security.
MCQ 12 – Important Days
Q12. World NGO Day (27 February) primarily highlights the role of:
A) Intergovernmental organisations
B) Corporate entities
C) Civil society organisations
D) Political parties
✅ Answer: C) Civil society organisations
Explanation:
The day recognises contributions of NGOs in humanitarian, development and governance efforts.
Month: Current Affairs - Feb 27, 2026
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