1. Reports say the US and Israel carried out a 2026 strike campaign on Iran's nuclear and missile facilities under which name?
Answer: C. The joint US-Israeli offensive on Iranian nuclear and ballistic missile sites was reportedly code-named Epic Fury, also called Operation Genesis. It pushed what had been an indirect rivalry into open, direct confrontation.
2. A long-term uranium deal worth roughly CAD 2.6 billion was struck by India with which nation?
Answer: E. The pact with Canada is valued at about CAD 2.6 billion (around US 1.9 billion) and covers uranium supply over many years. It also provides for collaboration on Small Modular Reactors and other advanced nuclear technology.
3. 'Legacy Thrust Territories', a term brought in by the Ministry of Home Affairs, deals mainly with which concern?
Answer: B. These are districts once hit by Naxalism that stay under watch and get development support after security gains. The aim is to stop Left Wing Extremism from returning.
4. Which place hosted the National Arogya Fair 2026?
Answer: D. The fair ran from 25 to 28 February 2026 at Shegaon, a town in Maharashtra's Buldhana district. It brought Allopathy, Ayurveda, Yoga, Naturopathy, Unani, Siddha and Homeopathy together on one integrated healthcare platform.
5. While sharing securities-related posts on social media, market intermediaries are required by SEBI to show what?
Answer: A. Every registered intermediary must disclose its registered name along with its SEBI registration number on digital platforms. This helps people tell genuine entities apart from unregistered finfluencers and curbs fraud and misleading advice.
6. A penalty of ₹11.50 lakh was levied by the Reserve Bank of India on Mahindra & Mahindra Financial Services Limited mainly for breaching which framework?
Answer: C. The company levied revised foreclosure charges without amending the loan agreements and had gaps in how it handled customer grievances. These lapses breached the Fair Practices Code that applies to NBFCs.
7. The Index of Industrial Production (IIP) is a gauge of what in India's economy?
Answer: E. IIP tracks the output of manufacturing, mining and electricity generation. Analysts use it as a quick reading of how the industrial economy is moving in the short run.
8. Payments Banks and Small Finance Banks in India are both licensed and supervised by which body?
Answer: B. The RBI grants licences to and regulates both categories. Small Finance Banks may lend and take deposits, while Payments Banks are mostly limited to payment and deposit services.
9. For the financial year 2025-26, EPFO has recommended what interest rate on EPF deposits?
Answer: D. EPFO proposed holding the rate steady at 8.25% for FY 2025-26. This keeps returns stable for over 6 crore subscribers.
10. The newly introduced 50% portfolio overlap limit from SEBI chiefly applies to which category of mutual funds?
Answer: A. SEBI capped overlap at 50% between thematic and sectoral schemes run by the same fund house. The idea is to avoid near-duplicate portfolios and make the schemes more distinct and transparent.
11. What was the name of Iran's military response to the 2026 US-Israel strikes?
Answer: B. Iran answered with Operation Truthful Promise 4; Epic Fury (Genesis) was the US-Israel operation.
12. India and Canada aim to raise bilateral trade to what level by 2030 under the CEPA push?
Answer: B. The CEPA acceleration targets USD 50 billion by 2030.
13. Which ministry introduced the concept of Legacy Thrust Territories?
Answer: B. The Ministry of Home Affairs introduced LTTs to prevent LWE resurgence.
14. National Arogya Fair 2026 was organised at which place?
Answer: A. The fair took place at Shegaon, Buldhana.
15. What must SEBI-registered intermediaries disclose on securities-related social media content under the new circular?
Answer: B. The circular requires registered name and SEBI registration number.