Current Affairs Quiz 28 March 2026

Q1.With reference to Buddhist heritage sites in Telangana, consider the following statements:

1. Nagarjunakonda served as the capital of the Ikshvaku dynasty and features ‘Aayaka’ pillars.
2. Excavations at Phanigiri reveal ‘thorana’ structures influenced by the Gandhara School of Art.
3. Buddhavanam at Nagarjunasagar contains a replica of the Amaravati Stupa.

Which of the statements given above are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3

Q1. (C) 1 and 3 only
Explanation:

• Statement 1: Correct
  • Nagarjunakonda → Capital of Ikshvaku dynasty (3rd–4th CE).
  • Known for Aayaka pillars → ritual pillars at cardinal points of stupas (Amaravati tradition).
• Statement 2: Incorrect (Art School Trap)
  • Phanigiri → reflects Amaravati School (indigenous, narrative reliefs).
  • Gandhara School → Greco-Roman influence (drapery, realism, NW India).
• Statement 3: Correct
  • Buddhavanam → major Buddhist theme park with Amaravati Stupa replica.

Q2.Consider the following statements regarding the Defence Acquisition Council (DAC):

1. It is chaired by the Prime Minister.
2. It grants Acceptance of Necessity (AoN) for defence procurements.
3. Its composition includes the Chief of Defence Staff (CDS) and Service Chiefs.

How many of the above statements are correct?
A. Only one
B. Only two
C. All three
D. None

Q2. (B) Only two
Explanation:

• Statement 1: Incorrect (Chairmanship Trap)
  • DAC chaired by Defence Minister, not PM.
• Statement 2: Correct
  • AoN = first and crucial stage in defence procurement cycle.
• Statement 3: Correct
  • Includes CDS + Army, Navy, Air Force Chiefs → ensures jointness.

Q3.With reference to the economic impact of Jan Vishwas reforms, consider the following statements:

1. They reduce compliance burden on businesses.
2. They improve Ease of Doing Business conditions.
3. They eliminate regulatory oversight in economic sectors.

Select the correct answer using the code below:
A. 1 and 2 only
B. 2 only
C. 1 and 3 only
D. 1, 2 and 3

Q3. (A) 1 and 2 only
Explanation:

• Statement 1: Correct
  • Decriminalisation → reduces fear of imprisonment + compliance cost.
• Statement 2: Correct
  • Improves regulatory predictability → boosts investment climate.
• Statement 3: Incorrect 
  • Reform = rationalisation, not deregulation.
  • Regulatory oversight continues via civil penalties + adjudication.

Q4.Consider the following factors:

1. Surge in global crude oil prices
2. Depreciation of the Indian Rupee
3. Aggressive buying of government bonds by the RBI
4. Rise in US Treasury yields leading to capital outflows

How many of the above factors typically contribute to a rise in Indian G-Sec yields?
A. Only one
B. Only two
C. Only three
D. All four

Q4. (C) Only three
Explanation:

• Factor 1: Correct → Oil ↑ → Inflation ↑ → Yields ↑
• Factor 2: Correct → Rupee ↓ → Imported inflation ↑ → Yields ↑
• Factor 3: Incorrect (Bond Logic Trap)
  • RBI buys bonds → Demand ↑ → Price ↑ → Yield ↓
• Factor 4: Correct
  • US yields ↑ → FPI outflows → Indian yields ↑
• Bond price ↑ → Yield ↓ (inverse relation)  

Q5.Regarding the Annual Survey of Unincorporated Sector Enterprises (ASUSE), consider the following statements:

1. It tracks employment and wage trends in the informal sector.
2. Recent data shows acceleration in employment generation in the informal sector.

Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2

Q5. (A) 1 only
Explanation:

• Statement 1: Correct
  • ASUSE → key dataset on informal/non-agricultural enterprises (employment, wages, productivity).
• Statement 2: Incorrect (Data Trap)
  • Shows decline in job creation
  • ~1.1 crore → 74.5 lakh → weakening employment generation.

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