Explanation:
The updated GDP series uses 2022–23 as the base year, replacing the earlier base year of 2011–12 to better reflect structural economic changes.
MCQ 7 – Agriculture Sector Growth
Q7. According to recent projections, agriculture and allied sector GVA growth for FY 2025–26 is estimated at:
A) 4.9%
B) 3.8%
C) 2.4%
D) 1.2%
✅ Answer: C) 2.4%
Explanation:
Agriculture sector growth is projected to slow to 2.4%, compared with 4.9% in FY 2024–25.
MCQ 8 – Trade Facilitation
Q8. SWIFT 2.0 platform launched by CBIC is primarily related to:
A) Banking transactions
B) Customs clearance and trade facilitation
C) Digital payments
D) Export subsidies
✅ Answer: B) Customs clearance and trade facilitation
Explanation:
SWIFT (Single Window Interface for Facilitating Trade) simplifies customs procedures by integrating regulatory processes for faster clearance.
MCQ 9 – Defence Procurement
Q9. India recently signed defence contracts for Advanced Light Helicopters (ALH) Mk-III mainly for which organisation?
A) Indian Navy
B) Indian Coast Guard
C) Border Security Force
D) Indian Army
✅ Answer: B) Indian Coast Guard
Explanation:
Six ALH Mk-III helicopters were procured to enhance maritime surveillance and operational capability of the Indian Coast Guard.
MCQ 10 – Renewable Energy Cooperation
Q10. The Framework for Action signed between the International Solar Alliance and IIT Delhi aims to promote:
A) Nuclear energy research
B) Solar energy research and capacity building
C) Coal technology development
D) Biofuel export promotion
✅ Answer: B) Solar energy research and capacity building
Explanation:
The partnership focuses on renewable energy research, training, and academic collaboration among ISA member countries.
MCQ 11 – International Trade Principle
Q11. “Most Favoured Nation (MFN)” status in international trade implies:
A) Preferential treatment only for developing countries
B) Equal trade advantages to all trading partners
C) Tariff exemption for neighbouring countries
D) Ban on imports from non-members
✅ Answer: B) Equal trade advantages to all trading partners
Explanation:
MFN is a WTO principle requiring countries to treat all trading partners equally regarding tariffs and trade regulations.
MCQ 12 – Important Day
Q12. National Safety Day in India is observed on:
A) March 1
B) March 3
C) March 4
D) April 7
Month: Current Affairs - March 04, 2026
Category: