18th July 2026 Current Affairs MCQ Quiz

Strict timelines prevent lenders from holding onto non-core real estate indefinitely, requiring liquidation within seven years. Keep in mind that this RBI mandate aligns with the broader goal of focusing banks on lending rather than property management, a recurring theme in modern financial sector reforms.

To maintain realistic balance sheets, the central bank mandates using the lower of the loan's net book value or an independent valuation. Such conservative accounting standards are crucial for preventing inflated valuations, often referenced in debates concerning financial transparency in UPSC economic papers.

Football's global governing body strictly prohibits any political, religious, or personal messaging to prevent the sport from becoming a theater for territorial or ideological disputes. Historically, Article 5 of the FIFA Code of Ethics explicitly forbids discriminatory behavior and political intervention in match venues.

Moving beyond mere assembly, this initiative seeks to boost R&D and indigenous brand ownership within the electronics sector. It's an interesting evolution from the previous PLI-based strategies, designed to help India capture more economic value while meeting Viksit Bharat goals.

The scheme recognizes that India lacks homegrown smartphone champions because we've relied on foreign technology for too long. By incentivizing R&D, the govt's essentially trying to bridge the 10-15% cost disadvantage that local players face against global giants.

It’s a specialized unit within the broader multinational maritime partnership, focusing on capability building through shared learning. Exercises like Southern Readiness help standardize response tactics, which is essential given India's strategic interest in protecting maritime trade routes.

Caused by a tiny parasite called Cyclospora, this infection primarily hitches a ride on fresh leafy greens or contaminated water supplies. It's helpful to note for medical science sections of exams that this isn't contagious from one person to another.

Researchers found this insect within the Western Ghats, marking a significant update to Indian biodiversity records. Interestingly, these creatures change color based on the season, shifting from brown to blue when the monsoon arrives.

This policy aims to clean up the air by helping truck and bus owners transition away from older, emission-heavy models. Funding comes through the NCRPB, reflecting a multi-state collaborative approach to the serious pollution crisis in northern India.

India’s Satluj Jal Vidyut Nigam and the Himachal Pradesh govt teamed up for this massive venture in Nepal. It’s a classic example of cross-border energy infrastructure meant to deepen economic ties under the BOOT model.

Nepal gets this chunk of energy for free as a result of hosting the facility, helping them address local power demands. Don't confuse this with the surplus electricity being exported via the Dhalkebar-Muzaffarpur transmission line.

While it deals with civil construction, this agency is vital to national security and has been fully managed by the defense establishment since the 2015-16 fiscal year. Their work is so crucial that the organization is officially part of the Armed Forces' order of battle.

The nation's top executive chairs the board to ensure that border infrastructure gets high-level attention and efficient coordination. It's a high-priority institutional setup designed to bypass bureaucratic bottlenecks in strategically sensitive territories.

Often mistakenly called bears, these iconic creatures actually have a pouch, which makes them marsupials like kangaroos. Scientists are now banking their genetic material because habitat loss makes their long-term survival in the wild increasingly uncertain.

This vessel is specifically designed to dominate coastal waters through advanced sonar and radar suites. Being the second of the Mahe-class, it highlights the 'Make in India' momentum within our naval shipyards.

This northern European country recently joined the security pact, marking a major shift in the continent's strategic landscape. Given its location bordering Russia, its inclusion in the alliance is a subject frequently debated in international relations.

Known as the land of thousands of lakes, the country's geography is defined by extensive marshes and massive water bodies. Lake Saimaa remains the crown jewel of its hydrological landscape, holding significant ecological value.

Using at least two third-party professionals acts as a safeguard against biased valuation tactics. It’s a standardized measure meant to keep financial reports clean and defensible, a point examiners often focus on regarding banking oversight.

The Reserve Bank wants these asset sales to be completely transparent to avoid any accusations of favoritism. The 2002 Act is the standard regulatory tool for managing security interests and recovering debts in a structured manner.

The policy effectively tries to tilt the scale in favor of domestic firms to help them overcome initial disadvantages. Providing this extra support for innovation is the government's way of nurturing a homegrown technology ecosystem.