Energy storage
B) Agricultural warehousing and logistics
C) Railway freight management
D) Digital data storage
✅ Answer: B) Agricultural warehousing and logistics
Explanation:
CWC provides scientific storage facilities for agricultural produce and commodities , supporting food security and supply chain logistics.
MCQ 7 – Renewable Energy Cooperation
Q7. The Framework for Action between the International Solar Alliance and IIT Delhi focuses on:
A) Wind energy development
B) Solar energy research and capacity building
C) Nuclear energy innovation
D) Coal gasification technology
✅ Answer: B) Solar energy research and capacity building
Explanation:
The collaboration aims to strengthen solar energy research, academic partnerships, and capacity building among International Solar Alliance (ISA) member countries .
MCQ 8 – Financial Stability
Q8. The Bilateral Swap Arrangement (BSA) recently amended between the RBI and the Bank of Japan is primarily intended to:
A) Promote bilateral trade in agriculture
B) Stabilize financial markets during liquidity crises
C) Finance infrastructure projects
D) Facilitate digital payment systems
✅ Answer: B) Stabilize financial markets during liquidity crises
Explanation:
A currency swap arrangement allows central banks to exchange currencies to maintain liquidity and financial stability during market stress .
MCQ 9 – Economic Indicators
Q9. India’s Current Account Deficit (CAD) for Q3 FY2025–26 widened mainly due to:
A) Higher service exports
B) Lower capital inflows
C) Widening merchandise trade deficit
D) Increased remittance inflows
✅ Answer: C) Widening merchandise trade deficit
Explanation:
India’s CAD rose to $13.2 billion (3% of GDP) due to a larger gap between imports and exports of goods .
MCQ 10 – Trade Facilitation
Q10. The Eligible Manufacturer Importers (EMI) Scheme introduced by CBIC is intended to:
A) Promote exports of manufactured goods
B) Simplify import procedures for manufacturers
C) Provide tax exemptions on exports
D) Regulate foreign investment in manufacturing
✅ Answer: B) Simplify import procedures for manufacturers
Explanation:
The EMI scheme aims to streamline import processes and support domestic manufacturing under the Union Budget 2026–27 reforms .
MCQ 11 – Strategic Geography
Q11. The Strait of Hormuz, recently highlighted due to geopolitical tensions, connects which two water bodies?
A) Arabian Sea and Red Sea
B) Persian Gulf and Gulf of Oman
C) Mediterranean Sea and Black Sea
D) Arabian Sea and Bay of Bengal
✅ Answer: B) Persian
Month: Current Affairs - March 05, 2026
Category: