1. Consider the following statements:
Statement I: The Standing Deposit Facility enables banks to park excess funds with the RBI without the RBI providing collateral.
Statement II: The Standing Deposit Facility can be used by the RBI to absorb surplus liquidity.
Which one of the following is correct?
(a) Both Statement I and Statement II are correct, and Statement II explains the monetary-policy purpose of Statement I.
(b) Both Statement I and Statement II are correct, but Statement II does not explain Statement I.
(c) Statement I is correct, but Statement II is incorrect.
(d) Statement I is incorrect, but Statement II is correct.
2. With reference to the Indus Waters Treaty, consider the following statements:
- Ravi, Beas and Sutlej are classified as the Eastern Rivers.
- All uses of the Western Rivers by India are completely prohibited.
- India is permitted specified uses of the Western Rivers under the Treaty.
Which of the statements given above are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
3. With reference to hanging glaciers, consider the following statements:
- They occur on steep mountain slopes or high-altitude cliffs.
- Parts of their ice mass may extend over an abrupt break in slope.
- Their collapse can trigger ice-rock avalanches and downstream debris flows.
- They necessarily terminate in a glacial lake.
Which of the statements given above are correct?
(a) 1 and 4 only
(b) 2 and 3 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
4. Consider the following countries:
- Uzbekistan
- Singapore
- Nepal
- Qatar
- Iran
Which of the above are mentioned as countries where UPI is accepted, according to the given context?
(a) 1, 2 and 3 only
(b) 2, 3 and 4 only
(c) 1, 2, 3 and 4 only
(d) 1, 2, 3, 4 and 5
5. Consider the following statements regarding National Bank for Financing Infrastructure and Development:
- It is a specialized Development Finance Institution in India aimed at supporting the country’s infrastructure sector.
- It is regulated and supervised by RBI as an All-India Financial Institution (AIFI).
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
6. Consider the following information:
- It is a migratory shorebird belonging to the family Scolopacidae.
- It breeds primarily in northern Siberia.
- Its principal non-breeding range includes Australia and New Zealand.
- It commonly migrates along the East Asian–Australasian Flyway.
The bird described above is:
(a) Spoon-billed Sandpiper
(b) Great Knot
(c) Black-tailed Godwit
(d) Sharp-tailed Sandpiper
7. With reference to the United Nations Convention to Combat Desertification, consider the following statements:
- It emerged from the process associated with the 1992 Rio Earth Summit.
- It is a legally binding international convention.
- It deals with desertification, land degradation and drought.
- Its secretariat is located in Bonn, Germany.
Which of the statements given above are correct?
(a) 1, 2 and 3 only
(b) 1, 2, 3 and 4
(c) 2 and 4 only
(d) 1 and 3 only
8. Consider the following statements:
Statement I: Pastoral mobility can be an ecologically appropriate adaptation in dryland and rangeland environments.
Statement II: Seasonal movement enables livestock keepers to respond to variations in water and pasture availability.
Statement III: Consequently, every restriction or regulation relating to transboundary pastoral movement is necessarily ecologically unjustified.
Which of the following is correct?
(a) Statements I and II are correct, and Statement II explains Statement I; Statement III is incorrect.
(b) Statements I and III are correct, but Statement II is incorrect.
(c) Statement II alone is correct.
(d) Statements I, II and III are correct.
9. Which of the following facilities can support domestic semiconductor-design companies?
- Access to Electronic Design Automation tools
- Access to reusable semiconductor IP cores
- Multi-project wafer services
- Post-silicon validation facilities
- Guaranteed commercial success for every chip developed
Select the answer using the code given below:
(a) 1, 2 and 3 only
(b) 2, 4 and 5 only
(c) 1, 3, 4 and 5 only
(d) 1, 2, 3 and 4 only
10. Consider the following pairs:
| Monetary instrument/operation | Immediate liquidity effect |
| 1. Repo operation | Injection |
| 2. Variable Rate Reverse Repo | Absorption |
| 3. Standing Deposit Facility | Absorption |
| 4. Increase in Cash Reserve Ratio | Injection |
How many of the pairs given above are correctly matched?
(a) Only one
(b) Only two
(c) Only three
(d) All four
ANSWERS for Daily Current Affairs Prelims Practice (01-09-2026):
1. Answer: A
2. Answer: B
3. Answer: C
4. Answer: C
5. Answer: C
6. Answer: D
7. Answer: B
8. Answer: A
9. Answer: D
10. Answer: C
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