5 May 2026 Current Affairs MCQ

10.

What is the FDI limit in the insurance sector under the automatic route?
A. 49%
B. 74%
C. 90%
D. 100%

Answer: D
Explanation: The government allowed 100% FDI to attract global investment.

11. (Concept-Based)

Why did the Department of Financial Services organise a meeting of DRTs and DRATs?
A. To reduce taxes
B. To strengthen debt recovery mechanisms
C. To regulate stock markets
D. To promote exports

Answer: B
Explanation: The consultation aimed to improve efficiency in resolving financial disputes and loan recoveries.

12.

According to RBI data, loans against jewellery increased to approximately:
A. ₹1 lakh crore
B. ₹2.5 lakh crore
C. ₹3 lakh crore
D. ₹4.6 lakh crore

Answer: D
Explanation: Gold-backed loans surged significantly to ₹4.6 lakh crore.

13. (Application-Based)

Reforms under FEMA allowing automatic route investments will mainly benefit:
A. Domestic agriculture
B. Cross-border financial transactions
C. Public sector employment
D. Defence imports

Answer: B
Explanation: These reforms simplify overseas investments and ease international financial flows.

14.

Mazagon Dock Shipbuilders Limited acquired a controlling stake in:
A. Cochin Shipyard
B. Colombo Dockyard PLC
C. Hindustan Shipyard
D. Garden Reach Shipbuilders

Answer: B
Explanation: This marks MDL’s first international acquisition.

15.

The ‘Khuarel’ mobile application launched by Mizoram is related to:
A. Agriculture
B. Education
C. Disaster management
D. Tourism

Answer: C
Explanation: The app enables real-time disaster reporting and improves emergency response systems.