29th July 2026 Current Affairs MCQ Quiz

Hitting a utilization rate beyond the required 75% threshold, Maharashtra fast-tracked its eligibility for these central funds. It's worth noting that RKVY operates as a Centrally Sponsored Scheme where funding is typically shared in a 60:40 ratio between the Centre and the states, except for special categories like Himalayan or North Eastern states.

Boosting our thunderstorm monitoring capabilities, the IMD introduced the NOVA system to provide timely nowcasts. Remember that the IMD functions under the Ministry of Earth Sciences and serves as the primary national agency for weather forecasting and seismology.

Empowering our grassroots governance is the name of the game here, helping Gram Panchayats achieve financial self-reliance. This move aligns with the 'Viksit Bharat @2047' vision by ensuring rural bodies generate their own funds instead of relying solely on grants.

Replacing WPI with the output PPI is a strategic shift meant to reflect real economic growth more accurately and reduce measurement distortions. Interestingly, the DPIIT recently released this PPI series to align India’s national accounts more closely with international reporting standards.

Scaling up our domestic manufacturing to grab a 5% global market share is the main aim for this newly formed task force. It's a proactive approach to boost India's competitive edge, especially considering we now have over 21,000 MSMEs actively involved in the toy ecosystem.

Permitting anhydrous ammonia is a significant step to manage our massive annual urea import bill of roughly 100 lakh tonnes. This product packs a high nitrogen punch of at least 82% and is now allowed for field use for a three-year trial period.

Collaborating with Air India, the government aims to leverage its international network for a massive branding push under the 'Incredible India' label. It's worth remembering that this airline was established way back in 1932 by J.R.D. Tata and rejoined the Tata Group fold in 2022.

Field trials for these polymer notes are being authorized under Section 25 of the RBI Act, 1934, to see if they hold up better than our traditional paper currency. These notes aren't meant to replace current cash, but rather to serve as a more resilient alternative in varied climatic conditions.

Boosting the speed and accuracy of loan approvals is the core purpose of this internal platform. By automating the underwriting process, it allows the NBFC to make data-backed lending decisions with much greater consistency across their various loan products.

Enabling tax-efficient employee benefits through UPI is a unique move that simplifies how companies manage corporate perks. Since it runs on a PPI platform licensed by the RBI, it allows users to spend conveniently at over 60 million merchants across the country.

Providing diversified exposure to real estate trusts and developers, this fund is the first of its kind to target the REIT market passively. You should note that SEBI reclassified REITs as equity instruments just recently, which paved the way for them to be included in equity-based indices.

Exploring Saturn’s rings to get physical samples of these particles is the mission's bold primary goal. By testing autonomous tech, researchers hope to solve mysteries about how planetary ring systems evolve and perhaps even plan future visits to Neptune or Uranus's fainter rings.

Triggered by the All India Congress Committee’s 1936 mandate, the CRPF was established to bolster internal security long before independence. Today, the force stands as a vital pillar in our national security apparatus, helping in everything from law enforcement to disaster management.

Pushing for global awareness and elimination by 2030, this year's theme encourages collective action against the virus. We mark this date in honor of Dr. Baruch Samuel Blumberg, who famously identified the Hepatitis B Virus back in 1967.

Improving reliability is the end goal, and the committee suggested using adaptive tests where difficulty adjusts dynamically to a candidate's performance. The report provided a comprehensive 'life-cycle' strategy, stressing that security breaches aren't isolated and require a total institutional overhaul of the NTA.

Tackling the learning gaps caused by the pandemic, this mission focuses on the essential skills every child needs during their early years. It's a critical component of the NEP 2020, and despite some implementation hurdles, it's driving much-needed reform in primary education.

Clarifying the confusion, the Ministry of Finance explained that 'billionaire' isn't a legal category within our tax framework. They simply share data based on taxpayers who declare a gross income of at least Rs 100 crore, which is informally called a 'rupee billionaire' in some circles.

Mapping household finances across the country is the ambitious goal of this ongoing survey by the MoSPI. Data gathered here will provide a deeper understanding of income distribution beyond what is captured by tax filings, filling a long-standing data void.

Serving as a key pillar for evaluating student progress, PARAKH helps track the efficacy of foundational learning programs. Recent findings from this initiative show that Grade 3 students under the new curriculum are actually performing better than their older peers in basic math and language skills.

Tracking the Gini Coefficient is crucial because it helps policymakers understand how wealth or consumption is spread throughout the population. A lower score typically signals a more equal distribution, though researchers often look at multiple independent reports to get the full picture of our economic inequality.