Consider the following statements regarding the Payment and Settlement Systems Act, 2007:1.The Act empowers the Ministry of Finance as the primary payment regulator in India.2.The recent government notification bars bank charges on digital transactions up to Rs 2,000 via UPI and RuPay debit cards.Which of the statements given above is/are correct?
UPPSC · current affairs quiz
Current affairs quiz · 15 September 2026
Prelims-style MCQs from the 15 September 2026 news and PIB notes. Use the chips to practise News + PIB together, or one source alone.
What is the primary function of the Merchant Discount Rate (MDR) as referred to in digital payment regulations?
Consider the following statements regarding Open Market Operations (OMOs) conducted by the Reserve Bank of India:1.OMO bond sales by the central bank inject liquidity into the commercial banking system.2.OMO bond sales are utilized to absorb persistent banking surplus liquidity and tighten short-term interest rates.Which of the statements given above is/are correct?
In the context of central banking operations, which of the following best describes a 'Forex Swap'?
Consider the following statements regarding India's trade pacts:1.The India-MERCOSUR pact is structured as a Comprehensive Economic Cooperation Agreement (CECA).2.India and MERCOSUR signed the First Additional Protocol to introduce Electronic Certificates of Origin.Which of the statements given above is/are correct?
What is the primary purpose of establishing 'Rules of Origin' in international trade agreements like PTAs?
Consider the following statements regarding the Atal Pension Yojana (APY):1.APY is exclusively open to organized sector employees drawing a salary above tax thresholds.2.The scheme is open to all unorganised sector bank account holders between 18 and 40 years of age.Which of the statements given above is/are correct?
Which statutory body is responsible for regulating and promoting pension funds in India, including framing guidelines for schemes like Atal Pension Yojana?
Consider the following statements regarding the Surat Emissions Trading Scheme (ETS):1.Surat ETS was established as the world's first cap-and-trade market targeting particulate matter emissions.2.The scheme relies entirely on manual quarterly inspections by the Ministry of Rural Development without electronic monitoring.Which of the statements given above is/are correct?
What does the term 'Cap-and-Trade' signify in the context of environmental policy frameworks?
Consider the following statements regarding the MERCOSUR trade bloc:1.MERCOSUR was established by the Treaty of Asunción in 1991.2.India and MERCOSUR currently have a Comprehensive Economic Partnership Agreement (CEPA) covering all services and investments.Which of the statements given above is/are correct?
In the context of regional trade blocs and international organizations, what is meant by the term 'Pro Tempore Presidency'?
Consider the following statements regarding the IAF Dronathon-2026:1.The Indian Air Force inaugurated Dronathon-2026 at Pokhran and released the IAF UAS Roadmap to guide domestic defence innovators.2.Swarm drone technology operates on a centralized command server model where a single master drone executes all tactical tasks without autonomous algorithms.Which of the statements given above is/are correct?
With reference to the terms associated with unmanned aircraft systems mentioned in the notes, what does 'Counter-UAS' primarily refer to?
Consider the following statements regarding the Pre-Matric Scholarship Scheme:1.The implementation of the educational scholarships and digital authentication reforms was reviewed by the Ministry of Social Justice and Empowerment.2.The Pre-Matric scholarship exclusively covers students belonging to Scheduled Castes and strictly excludes children of parents engaged in unclean or hazardous occupations if they belong to other categories.Which of the statements given above is/are correct?
Which of the following best describes a 'Centrally Sponsored Scheme' as referred to in the context of government welfare programs?
Consider the following statements regarding the National Action Plan for Drug Demand Reduction (NAPDDR):1.NAPDDR is implemented as a Central Sector Scheme providing financial assistance to NGOs, State Governments, and hospitals.2.The scheme functions under the direct administrative control of the Ministry of Health and Family Welfare rather than the Ministry of Social Justice and Empowerment.Which of the statements given above is/are correct?
In the context of the Nasha Mukt Bharat Abhiyaan, who are 'Nasha Mukti Mitra'?
Consider the following statements regarding the National Highway Helpline 1033:1.The 1033 helpline is operated under the guidance of the National Highways Authority of India (NHAI) and implemented by IHMCL.2.The helpline upgrade integrates AI and GPS location tracking to reduce response times during emergencies.Which of the statements given above is/are correct?
What does the term 'Golden Hour' signify in the context of highway trauma management and emergency response?
Consider the following statements regarding phonons and thermal transport in materials like Thallium Copper Selenide:1.Phonons are quasiparticles that represent quantum mechanical lattice vibrations transporting thermal energy.2.Thallium Copper Selenide (TlCu5Se3) exhibits unusually high lattice thermal conductivity due to the absence of wave-like heat transport.Which of the statements given above is/are correct?
What is the primary function of a 'Thermoelectric Material' as described in the notes?