MCQ 1 – State Budget
Q1. The ₹1.72 lakh crore Budget for FY 2026–27 was presented by the government of which state?
A) Odisha
B) Chhattisgarh
C) Jharkhand
D) Madhya Pradesh
✅ Answer: B) Chhattisgarh
Explanation:
Finance Minister Om Prakash Chaudhary presented the ₹1.72 lakh crore state budget in the Chhattisgarh Legislative Assembly, focusing on infrastructure, welfare programmes, and economic development.
MCQ 2 – Digital Governance in Infrastructure
Q2. The Rajmarg Pravesh 2.0 portal is related to which sector?
A) Railways
B) National Highways administration
C) Inland water transport
D) Aviation infrastructure
✅ Answer: B) National Highways administration
Explanation:
Rajmarg Pravesh 2.0 was launched to facilitate the digital issuance of No Objection Certificates (NOCs) for utilities and facilities along National Highways.
MCQ 3 – Eco-Tourism Initiative
Q3. Tamil Nadu’s first Dark Sky Park has been established at:
A) Mudumalai Tiger Reserve
B) Ariyur Shola Reserve Forest
C) Sathyamangalam Forest
D) Anamalai Hills
✅ Answer: B) Ariyur Shola Reserve Forest
Explanation:
The state’s first Dark Sky Park was inaugurated at Ariyur Shola Reserve Forest in Kolli Hills, Namakkal district, promoting astro-tourism and conservation of natural night skies.
MCQ 4 – Banking Regulation
Q4. The Reserve Bank of India imposed a monetary penalty on which NBFC for regulatory non-compliance?
A) Bajaj Finance Limited
B) Mahindra & Mahindra Financial Services Ltd.
C) Shriram Finance Limited
D) L&T Finance Limited
✅ Answer: B) Mahindra & Mahindra Financial Services Ltd.
Explanation:
RBI imposed a penalty of ₹11.50 lakh on Mahindra & Mahindra Financial Services Limited after detecting regulatory violations during inspections.
MCQ 5 – Cooperative Banking Reform
Q5. The NBFC–Miscellaneous Amendment Directions 2026 were issued to support the functioning of:
A) NABARD
B) SIDBI
C) National Urban Co-operative Finance and Development Corporation Ltd.
D) National Housing Bank
✅ Answer: C) National Urban Co-operative Finance and Development Corporation Ltd.
Explanation:
The RBI introduced these directions to facilitate the functioning of NUCFDC, which acts as the Umbrella Organisation for Urban Cooperative Banks.
MCQ 6 – GDP Measurement
Q6. The new GDP series released by the National Statistics Office uses which base year?
A) 2011–12
B) 2015–16
C) 2022–23
D) 2024–25
✅ Answer: C) 2022–23
Explanation:
The updated GDP series uses 2022–23 as the base year, replacing the earlier base year of 2011–12 to better reflect structural economic changes.
MCQ 7 – Agriculture Sector Growth
Q7. According to recent projections, agriculture and allied sector GVA growth for FY 2025–26 is estimated at:
A) 4.9%
B) 3.8%
C) 2.4%
D) 1.2%
✅ Answer: C) 2.4%
Explanation:
Agriculture sector growth is projected to slow to 2.4%, compared with 4.9% in FY 2024–25.
MCQ 8 – Trade Facilitation
Q8. SWIFT 2.0 platform launched by CBIC is primarily related to:
A) Banking transactions
B) Customs clearance and trade facilitation
C) Digital payments
D) Export subsidies
✅ Answer: B) Customs clearance and trade facilitation
Explanation:
SWIFT (Single Window Interface for Facilitating Trade) simplifies customs procedures by integrating regulatory processes for faster clearance.
MCQ 9 – Defence Procurement
Q9. India recently signed defence contracts for Advanced Light Helicopters (ALH) Mk-III mainly for which organisation?
A) Indian Navy
B) Indian Coast Guard
C) Border Security Force
D) Indian Army
✅ Answer: B) Indian Coast Guard
Explanation:
Six ALH Mk-III helicopters were procured to enhance maritime surveillance and operational capability of the Indian Coast Guard.
MCQ 10 – Renewable Energy Cooperation
Q10. The Framework for Action signed between the International Solar Alliance and IIT Delhi aims to promote:
A) Nuclear energy research
B) Solar energy research and capacity building
C) Coal technology development
D) Biofuel export promotion
✅ Answer: B) Solar energy research and capacity building
Explanation:
The partnership focuses on renewable energy research, training, and academic collaboration among ISA member countries.
MCQ 11 – International Trade Principle
Q11. “Most Favoured Nation (MFN)” status in international trade implies:
A) Preferential treatment only for developing countries
B) Equal trade advantages to all trading partners
C) Tariff exemption for neighbouring countries
D) Ban on imports from non-members
✅ Answer: B) Equal trade advantages to all trading partners
Explanation:
MFN is a WTO principle requiring countries to treat all trading partners equally regarding tariffs and trade regulations.
MCQ 12 – Important Day
Q12. National Safety Day in India is observed on:
A) March 1
B) March 3
C) March 4
D) April 7
✅ Answer: C) March 4
Explanation:
National Safety Day is observed on March 4 to promote workplace safety, occupational health, and accident prevention.
Month: Current Affairs - Mar 04, 2026
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