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Current Affairs Questions, 27 October 2026

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  1. Q1

    Under which ministry does the Department for Promotion of Industry and Internal Trade (DPIIT) function?

  2. Q2

    Consider the following statements regarding reforms mentioned in the DPIIT report:

    1. 1.The Credit Guarantee Scheme for Startups has doubled the guarantee cover per borrower from ₹10 crore to ₹20 crore.
    2. 2.The Jan Vishwas Act of 2023 decriminalized 717 provisions across 79 Central Acts.
    3. 3.The threshold for prior permission for lay-off or closure under labour laws has been raised from 100 to 500 workers.

    Which of the statements given above is/are correct?

  3. Q3

    Which premier institute houses India's first integrated Carbon Capture, Utilisation and Storage (CCUS) Field Laboratory, as per the article?

  4. Q4

    Consider the following statements regarding Carbon Capture, Utilisation and Storage (CCUS) in India:

    1. 1.The Union Budget 2026-27 allocated ₹20,000 crore specifically for CCUS deployment in the power and agriculture sectors.
    2. 2.NITI Aayog has identified the Odisha-Jharkhand belt as a potential regional cluster for CCUS linked to its steel and cement industries.
    3. 3.The CCUS process involves the permanent storage of captured carbon dioxide only in depleted oil and gas reservoirs.

    Which of the statements given above is/are correct?

  5. Q5

    Which department under the Ministry of Commerce and Industry is the nodal agency for the Startup India initiative?

  6. Q6

    Consider the following statements regarding the Startup India ecosystem as per the news article:

    1. 1.Over 2.5 lakh recognized startups have created employment for more than 25 lakh people.
    2. 2.More than 60% of the recognized startups are located in metropolitan cities.
    3. 3.The Startup India Seed Fund Scheme has approved funding for over 4,000 startups.

    Which of the statements given above is/are correct?

  7. Q7

    Shaktikanta Das, mentioned in the news, is currently serving as which of the following?

  8. Q8

    Consider the following statements regarding the news:

    1. 1.Bank credit to the industrial sector grew by approximately 20% in the month of July.
    2. 2.The news highlights that private investment has fully recovered and surpassed pre-pandemic levels.
    3. 3.Shaktikanta Das urged banks to focus on financing sectors like traditional textiles and agriculture.

    Which of the statements given above is/are correct?

  9. Q9

    Which of the following is a domestic credit rating agency in India?

  10. Q10

    Consider the following statements regarding the ICRA report on bank NPAs:

    1. 1.The report projects a higher fresh NPA formation rate for private sector banks compared to public sector banks in FY 2026-27.
    2. 2.The primary reason for higher stress in private banks is their larger exposure to unsecured retail and MSME loans.
    3. 3.The report estimates that the gross NPA ratio will decline to below 1.5% by March 2027.

    Which of the statements given above is/are correct?

  11. Q11

    Which central bank body advised state governments on borrowing and spending quality, as per the news?

  12. Q12

    Consider the following statements regarding the news:

    1. 1.The RBI Governor urged states to use the State Level Bankers' Committee (SLBC) platform effectively.
    2. 2.The RBI advised states to avoid joining the Unified Liability Facility (ULF).
    3. 3.A handbook titled 'Compendium on Cash and Debt Management for State Governments' was released at the conference.

    Which of the statements given above is/are correct?

  13. Q13

    Consider the following statements regarding the demands before the 8th Pay Commission as per the news article:

    1. 1.A key demand is to revise the Dearness Allowance every three months instead of twice a year.
    2. 2.Employee unions have demanded that DA be merged with basic pay only when it crosses the 50% mark.
    3. 3.The 6th Pay Commission had accepted the demand for making DA fully tax-exempt.

    Which of the statements given above is/are correct?

  14. Q14

    According to the news, what is the specific threshold percentage at which employee unions are demanding the merger of Dearness Allowance with basic pay?

  15. Q15

    Consider the following statements regarding the news on drug price controls:

    1. 1.The Supreme Court questioned the National Pharmaceutical Pricing Authority for its delay in capping trade margins on essential medicines.
    2. 2.The Drugs (Prices Control) Order, 2013, mandates a uniform retailer margin of 30% on all scheduled drugs.
    3. 3.As per a news report cited by the Court, the NPPA had recovered over ₹8,400 crore from pharmaceutical companies in overcharging cases as of March 2026.

    Which of the statements given above is/are correct?

  16. Q16

    According to the Supreme Court proceedings reported in the article, what is the trade margin cap set by the NPPA on 137 non-scheduled anti-cancer medicines?

  17. Q17

    Consider the following statements regarding the Supreme Court's recent ruling on bail for foreign nationals under UAPA:

    1. 1.The Court held that being a foreign national is sufficient ground to deny bail under the Unlawful Activities (Prevention) Act.
    2. 2.For bail denial under Section 43D(7) of UAPA, the prosecution must prove that the accused entered India illegally.
    3. 3.The judgment was delivered while hearing an appeal against an order of the Madras High Court.

    Which of the statements given above is/are correct?

  18. Q18

    In the case discussed by the Supreme Court, in which year did the accused Sri Lankan national, Mohammed Rifas, enter India?

  19. Q19

    Consider the following statements regarding the new labour codes:

    1. 1.Pending wages must be paid to an employee within seven days of resignation or termination of service.
    2. 2.The codes mandate that overtime work should be compensated at double the ordinary rate of wages.
    3. 3.The four labour codes have been formulated by consolidating twenty-nine existing central labour laws.

    Which of the statements given above is/are correct?

  20. Q20

    According to the provisions discussed in the news, by which date of the following month must the monthly wages be paid to an employee?

The stories behind these questions

Stuck on a question? Read its story in full.

  1. DPIIT's Trust-Based Governance: Startup India Recognizes 2.5 Lakh Startups, Creates 25 Lakh Jobs; FDI at $843 Billion Over 12 Years2 questions
  2. India’s CCUS Strategy for Net Zero 2070: ₹20,000 Crore Scheme, First Integrated Field Lab at IIT Bombay, and Decarbonizing Hard-to-Abate Sectors2 questions
  3. Startup India: 2.5 Lakh Recognized Startups Create Over 25 Lakh Jobs Across 770 Districts, 52% Beyond Metros2 questions
  4. Bank Credit to Industry Grows at ~20%, Signals Recovery in Private Corporate Investment Cycle2 questions
  5. ICRA Warns Gross NPA Ratio to Hit 1.8%, Private Bank Fresh Slippage Rate at 2.5% in FY 2026-272 questions
  6. RBI Governor Advises States to Strengthen Fiscal Discipline, Use SLBC Platform and Unified Liability Facility2 questions
  7. 8th Pay Commission: Pending Demands for Quarterly DA Review, Merger at 25%, and Tax Exemption2 questions
  8. Supreme Court Scrutinizes NPPA on Drug Pricing, Questions ₹8,447 Cr Pending Recovery from Pharma Firms2 questions
  9. UAPA Bail for Foreign Nationals: SC Clarifies Section 43D(7) Conditions, Mandates Legal Entry Proof for Denial2 questions
  10. New Labour Codes: Pending Wages Due in 2 Days, Double Pay for Overtime, Monthly Salary by 7th2 questions
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