2026 Current Affairs
QUESTION 221HPCL commissioned the world's first and largest LC-Max Residue Upgradation Facility at which refinery?
HPCL ने world's first and largest LC-Max Residue Upgradation Facility किस refinery में commission की?A. Visakh RefineryB. Mathura RefineryC. Panipat RefineryD. Paradip Refinery
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Answer: A
HPCL commissioned the LC-Max Residue Upgradation Facility at its Visakh refinery in Andhra Pradesh. The facility is part of the Visakh Refinery Modernisation Project and is described in the source as the world's first and largest LC-Max facility as well as India's first residue hydrocracking unit.
Consider the following statements regarding TRAI's action against telecom operators:
1. Total penalties amounted to ₹150 crore.
2. The penalties covered three years beginning from 2020.
3. TRAI can impose financial disincentives of up to ₹50 lakh per month for non-compliance.
4. Audits found that many customer complaints had been incorrectly closed by telecom service providers.
Which of the statements given above are correct?
Telecom operators के खिलाफ TRAI की action के संबंध में निम्नलिखित statements पर विचार कीजिए:
1. Total penalties ₹150 crore थे।
2. Penalties 2020 से शुरू होने वाले three-year period से संबंधित थे।
3. Non-compliance पर TRAI maximum ₹50 lakh per month financial disincentive impose कर सकता है।
4. Audits में पाया गया कि telecom service providers ने कई customer complaints incorrectly close की थीं।
उपरोक्त में से कौन-से statements सही हैं?A. 1 and 2 onlyB. 1, 2 and 3 onlyC. 2, 3 and 4 onlyD. 1, 2, 3 and 4
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Answer: D
All four statements are supported by the source. TRAI's total penalty was ₹150 crore and related to a three-year period starting in 2020. TRAI can impose financial disincentives up to ₹50 lakh per month, and audits found improper closure of many customer complaints. The regulatory focus was particularly on service providers' failure to act against connections used by spammers.
TRAI imposed penalties totalling how much on telecom operators for failures relating to spam calls and messages?
Spam calls और messages से संबंधित failures के लिए TRAI ने telecom operators पर कुल कितना penalty लगाया?A. ₹50 croreB. ₹100 croreC. ₹150 croreD. ₹200 crore
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Answer: C
TRAI imposed penalties totalling ₹150 crore on telecom operators. The source says the fines relate to three years beginning in 2020. Problems identified included improper handling of customer complaints and insufficient action against telecom connections associated with spammers.
RBI cancelled the Certificates of Registration of how many NBFCs for regulatory non-compliance?
Regulatory non-compliance के कारण RBI ने कितनी NBFCs के Certificates of Registration cancel किए?A. 25B. 30C. 35D. 45
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Answer: C
RBI cancelled the Certificates of Registration of 35 Non-Banking Financial Companies because they failed to comply with regulatory requirements. The source links RBI's authority primarily to Section 45-IA of the RBI Act, 1934.
Who chaired the first meeting of the Payments Regulatory Board?
Payments Regulatory Board की first meeting की chairmanship किसने की?A. Sanjay MalhotraB. Shaktikanta DasC. Piyush GoyalD. Hardeep Singh Puri
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Answer: A
The first meeting of the Payments Regulatory Board was held in Mumbai under the chairmanship of RBI Governor Sanjay Malhotra. The Board reviewed payment-system functioning, examined the draft Payments Vision 2028 and discussed findings of RBI's Survey on Digital Payments.
According to the source, India became which numbered nation to cross $700 billion in foreign exchange reserves?
Source के अनुसार India $700 billion foreign exchange reserves cross करने वाला कौन-सा numbered nation बना?A. SecondB. ThirdC. FourthD. Fifth
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Answer: C
The source describes India as the fourth nation to cross $700 billion in foreign exchange reserves, alongside China, Japan and Switzerland. India's reserves reached an all-time high of $704.885 billion for the week ending September 27.
Consider the following statements regarding digital-payment data for December 2025:
1. UPI volume reached 21.63 billion transactions.
2. UPI transaction volume grew 29% year-on-year.
3. UPI transaction value was about ₹28 lakh crore.
4. IMPS transaction value reached ₹6.62 lakh crore.
Which of the statements given above are correct?
December 2025 के digital-payment data के संबंध में निम्नलिखित statements पर विचार कीजिए:
1. UPI volume 21.63 billion transactions तक पहुंचा।
2. UPI transaction volume में 29% year-on-year growth हुई।
3. UPI transaction value लगभग ₹28 lakh crore रही।
4. IMPS transaction value ₹6.62 lakh crore रही।
उपरोक्त में से कौन-से statements सही हैं?A. 1 and 2 onlyB. 1, 2 and 3 onlyC. 2, 3 and 4 onlyD. 1, 2, 3 and 4
Show answer & explanation
Answer: D
All four statements are correct according to the PDF. UPI processed 21.63 billion transactions, volume increased 29% year-on-year and transaction value reached approximately ₹28 lakh crore. IMPS transaction value was ₹6.62 lakh crore and recorded 10% year-on-year growth.
How many UPI transactions were recorded in December 2025?
December 2025 में कितने UPI transactions record किए गए?A. 18.63 billionB. 19.63 billionC. 20.63 billionD. 21.63 billion
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Answer: D
UPI recorded 21.63 billion transactions in December 2025. This represented a 29% year-on-year rise in transaction volume. The value of UPI transactions rose 20% year-on-year to approximately ₹28 lakh crore, according to NPCI data.
Consider the following sectors expected to benefit from duty-free access for Indian exports to Australia:
1. Gems and jewellery.
2. Textiles.
3. Leather and footwear.
4. Engineering goods.
5. Medical devices and automobiles.
Which of the above are mentioned in the source?
Indian exports को Australia में duty-free access से benefit होने वाले निम्नलिखित sectors पर विचार कीजिए:
1. Gems and jewellery.
2. Textiles.
3. Leather और footwear.
4. Engineering goods.
5. Medical devices और automobiles.
Source में उपरोक्त में से कौन-से sectors mentioned हैं?A. 1, 2 and 3 onlyB. 1, 2, 3 and 4 onlyC. 2, 3, 4 and 5 onlyD. 1, 2, 3, 4 and 5
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Answer: D
All five categories are covered by the source. Other beneficiary sectors mentioned include furniture and food products. The agreement is expected to improve export opportunities and deepen India-Australia economic relations while supporting MSMEs, farmers and workers.
From which date were 100% Australian tariff lines to become zero-duty for Indian exports according to the source?
Source के अनुसार Indian exports के लिए 100% Australian tariff lines किस date से zero-duty होने थे?A. 1 January 2025B. 29 December 2025C. 1 January 2026D. 1 April 2026
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Answer: C
Commerce and Industry Minister Piyush Goyal announced that 100% of Australian tariff lines would become zero-duty for Indian exports from 1 January 2026. The development is linked to the India-Australia Economic Cooperation and Trade Agreement, which was signed on 17 April 2022.
SEBI increased the monetary threshold for issuing duplicate securities under the simplified documentation process from ₹5 lakh to:
SEBI ने simplified documentation process के तहत duplicate securities issue करने की monetary threshold ₹5 lakh से बढ़ाकर कितनी कर दी?A. ₹7 lakhB. ₹8 lakhC. ₹10 lakhD. ₹15 lakh
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Answer: C
SEBI doubled the threshold from ₹5 lakh to ₹10 lakh. The reform is intended to simplify investor compliance and reduce procedural requirements. BSDA norms were also relaxed by excluding Zero Coupon Zero Principal bonds and delisted securities from the valuation threshold.
Consider the following statements regarding the Petroleum and Natural Gas Rules, 2025:
1. A single petroleum lease system replaces multiple licences.
2. Leases can initially be granted for up to 30 years.
3. Petroleum lease applications must be processed within 180 days.
4. Continued violations may attract ₹25 lakh plus ₹10 lakh per day.
Which of the statements given above are correct?
Petroleum and Natural Gas Rules, 2025 के संबंध में निम्नलिखित statements पर विचार कीजिए:
1. Single petroleum lease system multiple licences को replace करता है।
2. Lease initially maximum 30 years के लिए grant की जा सकती है।
3. Petroleum lease applications को 180 days के भीतर process करना आवश्यक है।
4. Continued violations पर ₹25 lakh plus ₹10 lakh per day का financial penalty लगाया जा सकता है।
उपरोक्त में से कौन-से statements सही हैं?A. 1 and 2 onlyB. 1, 2 and 3 onlyC. 2, 3 and 4 onlyD. 1, 2, 3 and 4
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Answer: D
All four statements are correct according to the source. The rules consolidate licensing through a single petroleum lease, permit an initial period of up to 30 years, impose a 180-day processing timeline and replace criminal penalties with financial penalties of ₹25 lakh plus ₹10 lakh per day for continued violations.
Under the Petroleum and Natural Gas Rules, 2025, a petroleum lease can initially be granted for up to how many years?
Petroleum and Natural Gas Rules, 2025 के तहत petroleum lease initially maximum कितने years के लिए grant की जा सकती है?A. 20 yearsB. 25 yearsC. 30 yearsD. 40 years
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Answer: C
The new rules introduce a single petroleum lease system replacing multiple licences. A lease may be granted for up to 30 years and can subsequently be extended for the full economic life of the field. This is one of the major ease-of-doing-business reforms mentioned in the source.
Which of the following correctly lists all eight industries included in the Index of Eight Core Industries?
निम्नलिखित में से कौन-सा Index of Eight Core Industries में शामिल सभी eight industries को correctly list करता है?A. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and ElectricityB. Coal, Textiles, Natural Gas, Banking, Fertilizers, Steel, Cement and ElectricityC. Coal, Crude Oil, Agriculture, Refinery Products, Fertilizers, Steel, Cement and RailwaysD. Mining, Crude Oil, Natural Gas, IT, Fertilizers, Steel, Cement and Electricity
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Answer: A
The Index of Eight Core Industries covers Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. According to the source, these industries together account for more than 40% of the weight in the Index of Industrial Production.
Consider the following sector-wise changes in November 2025:
1. Coal production increased by 2.1%.
2. Fertilizer production increased by 5.6%.
3. Cement production increased by 14.5%.
4. Steel production increased by 6.1%.
Which of the statements given above are correct?
November 2025 में निम्नलिखित sector-wise changes पर विचार कीजिए:
1. Coal production में 2.1% increase हुआ।
2. Fertilizer production में 5.6% increase हुआ।
3. Cement production में 14.5% increase हुआ।
4. Steel production में 6.1% increase हुआ।
उपरोक्त में से कौन-से statements सही हैं?A. 1 and 2 onlyB. 1, 2 and 3 onlyC. 2, 3 and 4 onlyD. 1, 2, 3 and 4
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Answer: D
All four figures match the source. Coal grew 2.1%, fertilizer 5.6%, cement 14.5% and steel 6.1%. Among these listed sectors, cement recorded the strongest growth. In contrast, crude oil production fell by 3.2% and natural gas production declined by 2.5%.
India's eight core industries recorded what year-on-year growth in November 2025?
November 2025 में India के eight core industries ने कितना year-on-year growth record किया?A. 1.2%B. 1.8%C. 2.1%D. 2.8%
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Answer: B
The combined output of India's eight core sectors grew by 1.8% in November 2025 compared with November 2024. Positive production growth was reported in coal, fertilizer, cement and steel, while crude oil and natural gas production declined.
Consider the following violations attributed to Kotak Mahindra Bank:
1. Opening multiple BSBD accounts for some customers.
2. Engaging Business Correspondents beyond the scope permitted by RBI guidelines.
3. Providing inaccurate information about certain borrowers to Credit Information Companies.
Which of the statements given above are correct?
Kotak Mahindra Bank से संबंधित निम्नलिखित violations पर विचार कीजिए:
1. कुछ customers के लिए multiple BSBD accounts खोलना।
2. Business Correspondents को RBI guidelines द्वारा permitted scope से बाहर activities में engage करना।
3. कुछ borrowers के बारे में Credit Information Companies को inaccurate information देना।
उपरोक्त में से कौन-से statements सही हैं?A. 1 onlyB. 1 and 2 onlyC. 2 and 3 onlyD. 1, 2 and 3
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Answer: D
All three violations are explicitly mentioned in the source. RBI rules allow only one Basic Savings Bank Deposit Account per customer. The bank also used Business Correspondents outside the permitted regulatory scope and submitted inaccurate borrower information to Credit Information Companies, resulting in regulatory action.
What monetary penalty did RBI impose on Kotak Mahindra Bank for the violations mentioned in the source?
Source में mentioned violations के लिए RBI ने Kotak Mahindra Bank पर कितना monetary penalty लगाया?A. ₹51.95 lakhB. ₹61.95 lakhC. ₹71.95 lakhD. ₹81.95 lakh
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Answer: B
RBI imposed a penalty of ₹61.95 lakh on Kotak Mahindra Bank. The violations included opening multiple Basic Savings Bank Deposit Accounts for some customers, engaging Business Correspondents beyond the permitted scope and submitting inaccurate borrower information to Credit Information Companies.
Consider the following services mentioned in connection with Mswipe Technologies:
1. MPOS terminals.
2. Smart PoS terminals.
3. QR soundboxes.
4. Payment gateways.
5. Embedded digital payment services.
Which of the above are mentioned in the source?
Mswipe Technologies से संबंधित निम्नलिखित services पर विचार कीजिए:
1. MPOS terminals.
2. Smart PoS terminals.
3. QR soundboxes.
4. Payment gateways.
5. Embedded digital payment services.
Source में उपरोक्त में से कौन-सी services mentioned हैं?A. 1, 2 and 3 onlyB. 1, 2, 3 and 4 onlyC. 2, 3, 4 and 5 onlyD. 1, 2, 3, 4 and 5
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Answer: D
All five services are mentioned. Mswipe provides offline and online payment-acceptance solutions, including MPOS and Smart PoS terminals, QR soundboxes, payment gateways and embedded digital-payment services. Its payments business generated revenue exceeding ₹275 crore in FY24 and its payment volume more than doubled year-on-year.
Which company received the final Payment Aggregator licence from the Reserve Bank of India?
Reserve Bank of India से final Payment Aggregator licence किस company को मिला?A. Mswipe TechnologiesB. Tata SteelC. IHCLD. HPCL
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Answer: A
Mswipe Technologies received the final Payment Aggregator licence from RBI. The licence permits the company to operate as a regulated entity for online as well as physical payment acceptance. It can onboard merchants and aggregate customer payment instruments across digital and in-person channels.
