Daily Current Affairs Quiz: August 03, 2026

• The term ‘Preamble’ denotes the introduction or preface to the Constitution. It embodies the summary or essence of the Constitution.
• A. Palkhivala, a renowned jurist and constitutional expert, described the Preamble as the ‘identity card of the Constitution.’ Hence, option (c) is correct.

• The Constitution of India vests the residuary powers of legislation in the Parliament under Article 248. Hence, option (c) is correct.
• These powers relate to subjects that are not enumerated in any of the three lists—Union List, State List, or Concurrent List—in the Seventh Schedule.

Some minor plates are:

• Cocos Plate: Between Central America and Pacific Plate
• Nazca Plate: Between South America and Pacific Plate
• Arabian Plate: Mostly the Saudi Arabian landmass
• Philippine Plate: Between the Asiatic and Pacific Plate
• Caroline Plate: Between the Philippine and Indian Plate (north of New Guinea)

India- Australian- New Zealand plate is a major plate. Hence, option (c) is correct.

• Muhammad bin Tughlaq, known for his ambitious and often impractical reforms, created the Diwan-i-Kohi, a department of agriculture, to encourage cultivation of barren lands. Hence, option (c) is correct.
• He provided state loans (taqavi) to farmers and aimed to enhance agricultural output.
• However, the scheme failed due to poor planning, corruption, and a devastating famine.

• The Phillips Curve, developed by economist W. Phillips, illustrates a stable and inverse relationship between inflation and unemployment. Hence, option (b) is correct.
• It suggests that as inflation rises, unemployment falls, and vice versa, in the short run.