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12 JUNE 2026

Current Affairs · 6 Questions
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Question 1

Consider the following statements regarding Foreign Currency Non-Resident Bank [FCNR(B)] Deposits:

  1. FCNR(B) deposits can be maintained by NRIs in designated foreign currencies such as US Dollar, Euro, Pound Sterling, Yen, Canadian Dollar, and Australian Dollar.
  2. FCNR(B) accounts protect depositors from exchange rate fluctuations because funds are maintained in foreign currency.
  3. The interest earned on FCNR(B) deposits is taxable in India.
  4. Hedging cost refers to the expense incurred by banks to protect themselves against currency fluctuation risk.

Which of the statements given above are correct?

  • A 1 and 3 only
  • B 2 and 4 only
  • C 1, 2 and 3 only
  • D 1, 2 and 4 only
✓ Correct Answer: Option D
Question 2

With reference to the Three-Language Formula (TLF) in India, consider the following statements:

  1. The Three-Language Formula was first conceived by the Central Advisory Board of Education (CABE) in 1956.
  2. NEP 2020 mandates Hindi as the compulsory third language across all states.
  3. Article 350A directs states to provide adequate facilities for primary education in the mother tongue.
  4. Jawahar Navodaya Vidyalayas implement the TLF through student exchange programmes between Hindi-speaking and non-Hindi-speaking states.

Which of the statements given above are correct?

  • A 1 and 2 only
  • B 2 and 3 only
  • C 1, 3 and 4 only
  • D 1, 2, 3 and 4
✓ Correct Answer: Option C
Question 3

Assertion (A): The India–Nepal boundary dispute primarily revolves around the regions of Kalapani, Lipulekh, and Limpiyadhura.

Reason (R): India and Nepal have differing interpretations of the origin of the Kali River under the Treaty of Sugauli (1816), leading to conflicting territorial claims.

  • A Both A and R are true, and R is the correct explanation of A
  • B Both A and R are true, but R is not the correct explanation of A.
  • C A is true, but R is false
  • D A is false, but R is true.
✓ Correct Answer: Option A
Question 4

With reference to the Draft Regulations for Use of Artificial Intelligence (AI) in Courts, 2026, consider the following statements:

  1. AI systems may be used for sentencing and bail eligibility assessment, subject to judicial approval.
  2. The draft mandates that AI can only function in an assistive role and remain subordinate to human judgment.
  3. AI systems used in courts must comply with the Digital Personal Data Protection Act, 2023.
  4. The proposed apex supervisory body includes representatives from the judiciary, MeitY, and experts in cybersecurity and technology law.

Which of the statements given above are correct?

  • A 1 and 2 only
  • B 2 and 3 only
  • C 2, 3 and 4 only
  • D 1, 2, 3 and 4
✓ Correct Answer: Option C
Question 5

With reference to the Bloomberg Global Aggregate Bond Index, consider the following statements:

  1. It is a global benchmark that tracks the performance of investment-grade, fixed-rate bonds across sovereign, corporate, and supranational debt markets.
  2. The index is developed by the International Monetary Fund (IMF).
  3. India's proposed inclusion in the index is based on Government Securities designated under the Fully Accessible Route (FAR).
  4. Under FAR, foreign investors can invest in eligible Indian government bonds without investment caps.

Which of the statements given above are correct?

  • A 1 and 2 only
  • B 1, 3 and 4 only
  • C 2, 3 and 4 only
  • D 1, 2, 3 and 4
✓ Correct Answer: Option B
Question 6

Consider the following statements regarding IMI-resistant mustard hybrids:

  1. They are developed through mutation breeding.
  2. The mutation prevents herbicide binding to the ALS enzyme.
  3. They are genetically modified (GM) crops.

Which of the statements given above are correct?

  • A 1 and 2 only
  • B 2 and 3 only
  • C 1 and 3 only
  • D 1, 2 and 3
✓ Correct Answer: Option A

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