1. With reference to the Power Finance Corporation (PFC) and REC Limited (Formerly Rural Electrification Corporation), consider the following statements:
1. Both entities are categorized as Non-Banking Financial Companies (NBFCs) and hold the status of Infrastructure Finance Companies (IFCs).
2. PFC and REC have been categorized in the Non-Banking Financial Companies Upper Layer (NBFC-UL).
3. They are permitted to accept demand de-posits from the public to diversify their funding sources.
How many of the statements given above is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
2. With reference to Rare Earth Permanent Magnets (REPMs), consider the following statements:
1. They are primarily composed of elements such as Neodymium, Praseodymium, and Dysprosium.
2. Compared to conventional magnets, they offer significantly higher energy density and thermal stability.
3. The “Sintering” process used in their manu-facturing involves melting the rare-earth al-loys into a liquid state before casting them into molds.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2, and 3
3. Which Ministry is responsible for the implementation and monitoring of the Scholarships for Higher Education for Young Achievers (SHREYAS) umbrella scheme?
(a) Ministry of Education
(b) Ministry of Skill Development and Entrepre-neurship
(c) Ministry of Social Justice and Empower-ment
(d) Ministry of Tribal Affairs
4. In the context of the financial autonomy granted to Maharatna CPSEs, consider the following limits for investment without prior government approval:
1. Up to 15% of the entity’s net worth in a sin-gle project.
2. An absolute ceiling of ₹10,000 crore per project.
3. An overall ceiling of 30% of the entity’s net worth across all such projects.
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
5. Which of the following sectors are direct applications of Sintered Rare Earth Permanent Magnets?
1. Traction motors for Electric Vehicles (EVs).
2. Guidance systems for precision missiles.
3. High-torque motors for industrial robotics.
4. Generators for offshore wind turbines.
Select the correct answer using the code given below:
(a) 1, 2, and 4 only
(b) 1 and 3 only
(c) 2, 3, and 4 only
(d) 1, 2, 3, and 4
6. With reference to the Joint Comprehensive Plan of Action (JCPOA), consider the following statements:
1. The agreement was signed in 2015 between Iran and the P5+1 nations, which includes all permanent members of the UNSC plus Germany.
2. The International Atomic Energy Agency (IAEA) is the designated body responsible for monitoring Iran’s compliance with the nuclear restrictions.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) 1, 2, and 3
7. The places of Natanz and Fordow are often mentioned in the news, and are located in which country?
(a) Iraq
(b) Israel
(c) Iran
(d) Saudi Arabia
8. With reference to fiscal federal transfers in India, consider the following:
1. Tax devolution to States is constitutionally mandated.
2. Grants-in-aid to States are provided under Article 275 of the Constitution.
3. All central grants to States are statutory in nature.
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
9. The ideal of a “Welfare State” in the Indian Constitution is enshrined in which of the following?
(a) Preamble
(b) Directive Principles of State Policy
(c) Fundamental Rights
(d) Seventh Schedule
10. The famous teaching “Service to man is service to God” (Jiva is Shiva) is most closely associated with the philosophy of:
(a) Raja Ram Mohan Roy
(b) Dayanand Saraswati
(c) Ramakrishna Paramahansa
(d) Jyotiba Phule
ANSWERS for Daily Current Affairs Prelims Practice (20-02-2026):
1. Answer: B) Only two
2. Answer: A) 1 and 2 only
3. Answer: C) Ministry of Social Justice and Empowerment
4. Answer: C) 1 and 3 only
5. Answer: D) 1, 2, 3, and 4
6. Answer: C) Both 1 and 2
7. Answer: C) Iran
8. Answer: A) 1 and 2 only
9. Answer: B)
10. Answer: C) Ramakrishna Paramahansa
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