MCQs on Current Affairs 27.01.2026

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Q1. With reference to the sectoral impact of the India–EU FTA, which of the following sectors is most likely to gain directly from tariff elimination under the Agreement?

  1. Dairy and poultry
  2. Textiles and apparel
  3. Cereals and soymeal
  4. Petroleum products

Correct Option: 2. Textiles and apparel
Explanation:
The FTA eliminates tariffs (up to 10%) on nearly USD 33 billion worth of Indian exports, primarily benefiting labour-intensive sectors such as textiles, apparel, leather, footwear, marine products, gems and jewellery, handicrafts, and engineering goods. Sensitive agricultural sectors like dairy, cereals, and poultry are explicitly safeguarded, ruling out Options 1 and 3. Petroleum products are not highlighted as major beneficiaries (Option 4).

Q2. What is the primary objective of the agreement between the Department of Posts and Stock Holding Services Limited (SSL)?

  1. To allow post offices to directly trade in stock markets
  2. To promote access to regulated capital market services across the country
  3. To replace banks as the main providers of investment services
  4. To privatise post office savings schemes

Correct Option: 2. To promote access to regulated capital market services across the country
Explanation:
The agreement aims to expand citizens’ access to organised and regulated capital market services by leveraging India Post’s vast and trusted network, particularly in rural and remote areas. It focuses on financial inclusion and investor awareness, not on privatisation of postal schemes (Option 4), direct trading by post offices (Option 1), or replacing banks (Option 3).

Q3. Which of the following services will be facilitated under the Department of Posts–SSL partnership?

  1. Cryptocurrency trading through postal platforms
  2. Direct lending to citizens for capital market investments
  3. Opening of demat and trading accounts and participation in IPOs
  4. Issuance of government bonds by post offices

Correct Option: 2. Opening of demat and trading accounts and participation in IPOs
Explanation:
The partnership enables citizens to access SSL’s regulated capital market services through digital onboarding links and QR codes at official platforms and selected post offices. These services include demat and trading account opening, mutual fund investments, and IPO participation. It does not involve cryptocurrency trading (Option 1), lending (Option 2), or bond issuance (Option 4).

Q4. Which of the following is a key expected outcome of the PMMSY (Pradhan Mantri Matsya Sampada Yojana) interventions in Andaman & Nicobar Islands?

  1. Generation of employment and enhancement of fisher livelihoods through value chain development
  2. Reduction of fish exports to focus on local consumption
  3. Complete mechanisation of fisheries with no support to traditional fishers
  4. Restriction of tuna fishing in the Islands

Correct Option: 1. Generation of employment and enhancement of fisher livelihoods through value chain development
Explanation:
PMMSY strengthens fisheries infrastructure, cold chain, value-addition, and post-harvest management, improving incomes, employment, and resilience of coastal communities.
Options 2, 3, and 4 are incorrect:
• 2 is false; seafood exports have doubled to ₹62,408 crore.
• 3 is false because PMMSY supports both traditional and modern fisheries, not just mechanisation.
• 4 is false; tuna fishing is being promoted through a Tuna Cluster for investment and competitiveness.

Q5. What is the primary objective of the Mayabunder Smart and Integrated Fishing Harbour project under PMMSY?

  1. To promote recreational tourism in Andaman & Nicobar Islands
  2. To provide safe landing and berthing facilities for fishing vessels and enhance sustainable fisheries management
  3. To privatise the fisheries sector in the Islands
  4. To replace traditional fishing with large-scale mechanised trawlers

Correct Option: 2. To provide safe landing and berthing facilities for fishing vessels and enhance sustainable fisheries management
Explanation:
The project aims to create safe landing and berthing facilities for 430 fishing vessels and facilitate annual fish landing of 9,900 tonnes.
It incorporates IoT-enabled systems, digital traceability, energy-efficient operations, and sustainable fisheries practices.
Options A, C, and D are incorrect:
• A refers to tourism, which is not the objective.
• C is incorrect because the project is government-funded and public, not privatization.
• D is incorrect because the project complements traditional fishing, it does not replace it with only mechanised trawlers.

Q6. Which of the following government initiatives primarily aims to establish domestic battery manufacturing capacity to strengthen India’s long-term energy security?

  1. FAME-II Scheme
  2. PM E-DRIVE Scheme
  3. PLI-ACC Scheme
  4. Rare Earth Permanent Magnet (REPM) Scheme

Correct Option: 3. PLI-ACC Scheme
Explanation:
• The PLI-ACC (Production Linked Incentive – Advanced Chemistry Cell) Scheme is specifically designed to promote domestic manufacturing of advanced battery cells.
• Under this scheme, the Government aims to create 50 GWh of Advanced Chemistry Cell (ACC) manufacturing capacity in India.
• This reduces import dependence on lithium-ion batteries, enhances energy security, and supports the electric vehicle (EV) ecosystem.
• FAME-II and PM E-DRIVE focus mainly on EV adoption and charging infrastructure, not battery manufacturing.
• The REPM Scheme targets indigenous production of rare earth magnets, not batteries.

Q7. Which of the following correctly describes a ‘Swachh Sujal Gaon’

  1. A village with 100% sanitation coverage under Swachh Bharat Mission (Urban)
  2. A village certified under Jal Jeevan Mission only
  3. A village that is Har Ghar Jal certified and ODF Plus Model verified
  4. A village selected for pilot water conservation projects

Correct Option: 3. A village that is Har Ghar Jal certified and ODF Plus Model verified.
Explanation:
A Swachh Sujal Gaon is defined as:
Har Ghar Jal certified under the Jal Jeevan Mission (JJM), meaning every household has a functional tap water connection.
• ODF Plus Model verified under the Swachh Bharat Mission (Grameen), ensuring sustained sanitation outcomes.
• WaSH Warriors selected for national recognition were drawn from such villages, including SC/ST majority villages, vulnerable tribal groups, and marginalised communities.
• This concept reflects the integrated approach of combining drinking water security with sanitation and hygiene.

Q8. Which of the following statements about India Energy Week (IEW) 2026 is correct?

  1. IEW 2026 focused exclusively on renewable energy technologies.
  2. The Hydrogen Zone at IEW 2026 showcases hydrogen production, storage, and utilisation for decarbonising hard-to-abate sectors.
  3. IEW 2026 was limited to Indian participants only.
  4. The thematic zones at IEW are meant only for investors and exclude policymakers.

Correct Option: 2. The Hydrogen Zone at IEW 2026 showcases hydrogen production, storage, and utilisation for decarbonising hard-to-abate sectors.
Explanation:
• The Hydrogen Zone, inaugurated by Shri Hardeep Singh Puri, highlights hydrogen technologies and solutions.
• Focused on hard-to-abate sectors like refining, steel, fertilisers, and mobility, demonstrating India’s low-carbon transition initiatives.
• Other thematic zones cover renewable energy, biofuels, LNG, digitalisation, AI, and more, so IEW is not exclusively renewable-focused (eliminating option 1).
• IEW 2026 is truly global, with participation from 120+ countries (eliminating option 3).
• The zones are designed for policymakers, industry leaders, investors, and technology providers (eliminating option 4).

Q9. Which of the following best describes the Annual Survey of Incorporated Service Sector Enterprises (ASISSE)?

  1. ASISSE collects household-level income and consumption data.
  2. ASISSE focuses on corporate service sector enterprises and captures data on GVA, capital, employment, and emoluments using the GSTN framework.
  3. ASISSE is conducted only in rural villages to measure agricultural services.
  4. ASISSE primarily surveys informal or unincorporated service sector enterprises.

Correct Option: 2. ASISSE focuses on corporate service sector enterprises and captures data on GVA, capital, employment, and emoluments using the GSTN framework.
Explanation:
ASISSE is an enterprise-based survey targeting the incorporated/corporate segment of the service sector.
Key features:
• Uses the GSTN framework for coverage.
• Collects Gross Value Added (GVA), fixed capital, capital formation, employment, and emoluments.
• Provides state-level and industry-level estimates.

Q10. Which of the following statements about India’s textile exports to the EU under the India–EU FTA is correct?

  1. India will gain zero-duty access for textiles and clothing covering all tariff lines.
  2. India’s textile exports to the EU are concentrated in only 10 districts across India.
  3. The FTA does not address labour-intensive MSME clusters.
  4. Ready-Made Garments (RMG) form the smallest component of India’s textile exports to the EU.

Correct Option: 1. India will gain zero-duty access for textiles and clothing covering all tariff lines.
Explanation:
• The India–EU FTA grants zero-duty access to Indian textiles and clothing across all tariff lines, enhancing competitiveness.
• Option 4 is incorrect: RMG forms ~60% of India’s textile exports to the EU, making it the largest component.
• Option 2 is incorrect: India’s textile exports are geographically dispersed, originating from 342 districts, highlighting broad-based participation.
• Option 3 is incorrect: The FTA directly supports labour-intensive MSME clusters, boosting employment and regional inclusiveness.

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