Daily Current Affairs Quiz Prelims Practice 2027
- The Act replaces the Bankers' Books Evidence Act, 1891, and comes into force from 1 October 2026.
- The Act recognises banking records maintained only in physical and electronic form as admissible evidence, excluding cloud-based or virtual records.
- Under the Act, a court may summon a bank officer to produce records in a case where the bank is not a party only for a "special cause" recorded in writing.
- AOnly one statement is correct
- BOnly two statements are correct
- CAll three statements are correct
- DNone of the statements is correct
Statements 1 and 3 are correct. Statement 2 is incorrect, since the Act adopts a technology-neutral approach, explicitly recognising records maintained in physical, electronic, digital, virtual and cloud-based forms, not merely physical and electronic. A technology-neutral provision has been narrowed down here to only the two most familiar formats, so when a reform is framed as "technology-neutral," it's worth expecting the list of covered formats to be broader than the two most obvious ones.
- The Houthis' capture of Perim Island and Yemen's Red Sea coast gives them control of territory flanking the Bab el-Mandeb Strait.
- The Bab el-Mandeb Strait connects the Persian Gulf directly to the Mediterranean Sea, bypassing the need to use the Suez Canal.
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Statement 1 is correct. Statement 2 is incorrect — Bab el-Mandeb connects the Red Sea to the Gulf of Aden and onward to the Indian Ocean, acting as the southern gateway to the Suez Canal rather than a route that bypasses it, and it has no connection to the Persian Gulf. Two separate chokepoints, Bab el-Mandeb and the Strait of Hormuz, are being conflated here, a common confusion since both are discussed together as energy chokepoints, so it's worth fixing which two water bodies a named strait actually connects before accepting a claim about it.
- Negotiations for the FTA began in 2007, were suspended in 2013, and were relaunched in 2022.
- Once authorised by the European Council, the agreement can be signed and enter into force without requiring the European Parliament's consent.
- The European Council comprises the heads of state or government of the EU member-states, along with the European Council President and the European Commission President.
- AOnly one statement is correct
- BOnly two statements are correct
- CAll three statements are correct
- DNone of the statements is correct
Statements 1 and 3 are correct. Statement 2 is incorrect — after Council authorisation, the agreement additionally requires the European Parliament's consent before conclusion and entry into force, with India also needing to complete its own internal ratification in parallel. One step has been dropped from a multi-stage ratification chain running from the Commission to the Council to the Parliament here, betting that aspirants remember only the headline "Council approval" stage, so for any multi-institution ratification process it's worth listing every stage before judging a claim that one stage is "final."
- List-I: A. Bab el-Mandeb Strait B. Strait of Hormuz C. Strait of Malacca D. Suez Canal
- List-II: 1. Red Sea and Gulf of Aden 2. Persian Gulf and Gulf of Oman 3. Indian Ocean and South China Sea (via Andaman Sea) 4. Mediterranean Sea and Red Sea
- AA-1, B-2, C-3, D-4
- BA-1, B-3, C-2, D-4
- CA-2, B-1, C-3, D-4
- DA-1, B-2, C-4, D-3
Bab el-Mandeb connects the Red Sea and Gulf of Aden; the Strait of Hormuz connects the Persian Gulf and Gulf of Oman; the Strait of Malacca connects the Indian Ocean and South China Sea; and the Suez Canal connects the Mediterranean Sea and Red Sea. The distractors swap only B and C, Hormuz and Malacca, since both are frequently cited together as Asia-bound oil chokepoints, making their specific water bodies easy to mix up when two chokepoints are usually discussed in the same breath.
- Of the 1,325 sanctions imposed globally since 1949, about 486 (roughly 37%) have been imposed by the United States alone.
- The European Union is the largest single sanctioner in the world, ahead of the United States.
- Fresh sanctions imposed on Asian countries rose from 17 in the 1950s to 68 during 2010–2022.
- AOnly one statement is correct
- BOnly two statements are correct
- CAll three statements are correct
- DNone of the statements is correct
Statements 1 and 3 are correct. Statement 2 is incorrect — the United States is the largest sanctioner, with 339 of the 1990–2022 total, while the European Union is the second-largest, at 263, not the largest. The second-ranked entity has been promoted to first place here, a straightforward rank-inversion trap that works because both the US and EU are genuinely large sanctioners, so whenever a passage ranks entities as largest and second-largest, it's worth checking that the option preserves the exact order and not just the same two names.
- As per IMF data, China's GDP in 2026 (about $20,852 billion) exceeds the combined GDP of Brazil, Russia, India and South Africa.
- China's GDP per capita in 2026 remains lower than that of both Brazil and South Africa, though higher than India's.
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Statement 1 is correct. Statement 2 is incorrect — by 2026, China's GDP per capita has overtaken Brazil's and is about twice South Africa's, with only Russia's per-capita income remaining somewhat higher than China's among the original BRIC(S) members. A true 2006-era ranking, where China was poorer than Brazil and South Africa, is being kept and presented as still true in 2026 here, ignoring two decades of relative change, so for any comparative economic claim tied to a bloc like BRICS it's worth checking whether the stated ranking is current or an outdated baseline year's ranking.
- The 50:50 joint venture will operate and expand the International Ship Repair Facility (ISRF) at Kochi.
- Cochin Shipyard Limited is a wholly Government-owned company with no public shareholding.
- The joint venture has been described as a first-of-its-kind public-private partnership in India's ship-repair sector.
- AOnly one statement is correct
- BOnly two statements are correct
- CAll three statements are correct
- DNone of the statements is correct
Statements 1 and 3 are correct. Statement 2 is incorrect — CSL has been listed on stock exchanges since its 2017 IPO, and while the Government's shareholding is still the majority, it is not 100%. A listed PSU is being reverted to its pre-IPO status here, exploiting the common assumption that all shipyards under a government ministry remain wholly state-owned, so for any PSU described as a "Miniratna" or "Navratna" it's worth checking whether it has been listed via IPO, since listing changes the ownership-percentage answer.
- The scheme provides an assured pension of ₹3,000 per month to eligible small and marginal farmers from the age of 60.
- The scheme is open to farmers with landholding up to 5 hectares, aged between 18 and 40 years at entry.
- PM-KMY is implemented in partnership with the Life Insurance Corporation of India (LIC), which manages the pension fund.
- AOnly one statement is correct
- BOnly two statements are correct
- CAll three statements are correct
- DNone of the statements is correct
Statements 1 and 3 are correct. Statement 2 is incorrect — PM-KMY covers small and marginal farmers with landholding up to 2 hectares, not 5 hectares, though the 18–40 age band for enrolment is correctly stated. The landholding ceiling has been inflated to a more "round" and commonly seen figure that appears in other land-ceiling contexts, while the correct age band is left untouched to preserve credibility, so when a statement mixes one correct and one incorrect numeric detail, each figure is worth verifying independently rather than accepting the statement as a whole.
- As per 2024 Road Transport Ministry data, two-wheeler riders and pedestrians together accounted for less than one-third of India's road traffic fatalities.
- The 'Safe System' approach to road safety emphasises designing roads on the assumption that human error is inevitable, rather than relying solely on individual compliance.
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Statement 2 is correct. Statement 1 is incorrect — two-wheeler riders (46.2%) and pedestrians (20.6%) together accounted for about two-thirds of road deaths in 2024, not less than one-third. A large majority of roughly two-thirds has been inverted into its near-opposite of less than one-third here, a fraction-flip that's easy to miss unless the two percentage figures are actually added up, so whenever a statement gives two percentages and asks about their combined share, doing the addition rather than trusting the stated fraction is the safer approach.
- Assertion (A): The Democratic Republic of Congo plans to keep its national geological databank under state control, unlike open-access models such as Australia's.
- Reason (R): Systematic geological exploration currently covers only about 20% of Congo's territory, and the government seeks to reduce exploration risk for investors.
- ABoth A and R are true, and R is the correct explanation of A
- BBoth A and R are true, but R is NOT the correct explanation of A
- CA is true, but R is false
- DA is false, but R is true
Both the Assertion and Reason are factually true, but the Reason does not explain the Assertion. The low exploration coverage of 20% explains why Congo is investing heavily in geological mapping, while the choice to keep the resulting databank under state control with tiered, fee-based access is separately justified by the government as protecting the country's "strategic interests," not by the coverage gap itself. Two true facts from the same article that sit close together in the source but answer different questions are being paired here — one explains the mapping drive, the other explains the ownership/access model — so when an Assertion is about a policy choice and the Reason is about a technical gap, it's worth checking carefully whether the Reason justifies that specific choice or a different, related fact.


