PIB Policy Dossier: सामाजिक न्याय और अधिकारिता मंत्रालय ने ‘नशा मुक्त युवा, विकसित भारत क्विज़’ शुरू की
Autonomous verified briefing of government policy notifications, Cabinet decisions, and high-yield Prelims MCQs for 2026-10-26.
Executive Summary
⚡ Today's Prelims Practice Quiz
🎯 UPSC Prelims Practice Drill
With reference to India's Foreign Exchange Reserves and banking reporting frameworks under the Reserve Bank of India (RBI), consider the following statements: 1. Foreign Currency Assets (FCAs) exclude SDR holdings of the RBI as well as investments in bonds issued by IIFC (UK). 2. Amounts lent under SAARC and Asian Clearing Union (ACU) currency swap arrangements are included under the computation of Foreign Currency Assets. 3. As per the Banking Laws (Amendment) Act, 2025, the reporting fortnight for banks was revised from alternate Fridays to the 15th and last calendar day of a month. Which of the statements given above are correct?
- [A] 1 and 2 only
- [B] 1 and 3 only
- [C] 2 and 3 only
- [D] 1, 2 and 3
▶ Reveal Official Answer & Analytical Explanation
Statements 1 and 3 are correct. Foreign Currency Assets (FCAs) exclude SDR holdings, investments in IIFC (UK) bonds, amounts lent under SAARC and ACU currency swap arrangements, and RBI's contribution to Nexus Global Payments. Statement 2 is incorrect because amounts lent under SAARC and ACU currency swap arrangements are explicitly excluded from FCAs. Under the Banking Laws (Amendment) Act, 2025, the definition of a reporting fortnight was changed from alternate Fridays to the 15th and last calendar day of a month.
🎯 UPSC Prelims Practice Drill
With reference to the 12th BRICS Parliamentary Forum hosted by India, consider the following statements: 1. The overarching theme of the forum was focused on "Strengthening Parliaments for People-Centric Development." 2. The two-day forum included high-level thematic sessions focusing on Resilience, Innovation, Cooperation, and Sustainability. 3. On the sidelines of the forum, bilateral discussions were held exclusively with G20 member country parliamentary delegations. Which of the statements given above is/are correct?
- [A] 1 only
- [B] 1 and 2 only
- [C] 2 and 3 only
- [D] 1, 2 and 3
▶ Reveal Official Answer & Analytical Explanation
Statements 1 and 2 are correct as the 12th BRICS Parliamentary Forum in New Delhi was centered around the theme "Strengthening Parliaments for People-Centric Development" and featured four thematic sessions focusing on Resilience, Innovation, Cooperation, and Sustainability. Statement 3 is incorrect because, on the sidelines, the Lok Sabha Speaker held bilateral discussions with delegations from Russia, Cuba, Egypt, and Belarus, which are not exclusively G20 members.
🎯 UPSC Prelims Practice Drill
With reference to the recent inauguration of financial infrastructure facilities by the Prime Minister in Bhubaneswar, consider the following statements: 1. The Reserve Bank of India's newly constructed Data Centre and Cyber Security Training Institute was inaugurated in Bhubaneswar, Odisha. 2. Under the Mudra Yojana, formal credit and entrepreneurial opportunities have been extended, alongside support to street vendors and artisans through PM SVANidhi and PM Vishwakarma schemes. Which of the statements given above is/are correct?
- [A] 1 only
- [B] 2 only
- [C] Both 1 and 2
- [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
Both statements are correct based on the official policy briefing. The Prime Minister inaugurated the newly constructed Data Centre and Cyber Security Training Institute of the Reserve Bank of India in Bhubaneswar, Odisha, aimed at strengthening digital infrastructure and cyber security. Furthermore, initiatives like the Mudra Yojana, PM SVANidhi, and PM Vishwakarma have successfully extended formal credit and entrepreneurial opportunities to first-time entrepreneurs, street vendors, and traditional artisans.