Daily Current Affairs Quiz: October 08, 2026

Daily Prelims Quiz 08th October 2026
Q1.

With reference to the Sixteenth Finance Commission, which of the following is correct?

  • A. Distributes GST compensation among States
  • B. Determines the monetary policy framework
  • C. Recommends tax devolution between Centre and States
  • D. Constituted by the Reserve Bank of India
Q2.

In the context of monetary policy, the Standing Deposit Facility (SDF) is primarily used by the RBI to:

  • A. Provide long-term loans to industries
  • B. Purchase foreign currency from banks
  • C. Fix interest rates on government securities
  • D. Absorb liquidity from banks without providing collateral
Q3.

The I2U2 grouping comprises which of the following countries?

  • A. India, Indonesia, UAE and USA
  • B. India, Israel, UAE and USA
  • C. India, Israel, UK and USA
  • D. India, Iran, UAE and USA
Q4.

The term “Blue Carbon” primarily refers to carbon stored in:

  • A. Deep oceanic rocks
  • B. Glaciers and polar ice sheets
  • C. Atmospheric water vapour
  • D. Coastal and marine ecosystems
Q5.

The primary objective of the NISAR satellite mission is to:

  • A. Monitor changes on Earth's land and ice surfaces
  • B. Study the Sun's outer atmosphere
  • C. Search for habitable exoplanets
  • D. Detect gravitational waves