UPSC Daily Quiz 4 July 2026
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Vajiram & Ravi’s Daily UPSC Quiz is designed to help aspirants strengthen their preparation by focusing on current affairs and concepts from the UPSC Syllabus 2026 for both Prelims & Mains. It allows candidates to revise important topics while regularly assessing their understanding and progress. Practicing these quizzes daily can improve accuracy, speed, and problem-solving skills. This consistent practice also enhances confidence in tackling exam-level questions. Overall, it is a valuable tool for both UPSC Prelims preparation and Mains revision.
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Question 1 of 10
1. Question
1 pointsWhich among the following best describes Cyttopsis indica, recently seen in the news?
Correct
Answer: c
Explanation:
The Central Marine Fisheries Research Institute (CMFRI) in Kochi in Kerala recently discovered a new deep-sea fish named Cyttopsis indica from the Arabian Sea off southern Kerala.
About Cyttopsis indica:
- It is a new species of deep-sea fish.
- It was discovered from the Arabian Sea off southern Kerala, at a depth of nearly 350 to 500 metres below sea level.
- It belongs to the genus Cyttopsis, a primitive group of marine fishes commonly known as “dories.”
- Cyttopsis indica has been given the common name Indian Dory.
- Previously, it was believed that the fish belonging to this genus in the Indian Ocean were of the species Zenopsis Conchifer or related Atlantic variations like Zenopsis Stabilis.
- However, detailed genetic analysis and close evaluation of morphological differences proved that the Indian Dory possesses a distinct genetic structure entirely separate from its Atlantic and other known counterparts.
- It can survive under immense pressure by storing high levels of waxy compounds in their bodies, making some of them unsuitable for direct human consumption.
Hence, option c is the correct answer.
Incorrect
Answer: c
Explanation:
The Central Marine Fisheries Research Institute (CMFRI) in Kochi in Kerala recently discovered a new deep-sea fish named Cyttopsis indica from the Arabian Sea off southern Kerala.
About Cyttopsis indica:
- It is a new species of deep-sea fish.
- It was discovered from the Arabian Sea off southern Kerala, at a depth of nearly 350 to 500 metres below sea level.
- It belongs to the genus Cyttopsis, a primitive group of marine fishes commonly known as “dories.”
- Cyttopsis indica has been given the common name Indian Dory.
- Previously, it was believed that the fish belonging to this genus in the Indian Ocean were of the species Zenopsis Conchifer or related Atlantic variations like Zenopsis Stabilis.
- However, detailed genetic analysis and close evaluation of morphological differences proved that the Indian Dory possesses a distinct genetic structure entirely separate from its Atlantic and other known counterparts.
- It can survive under immense pressure by storing high levels of waxy compounds in their bodies, making some of them unsuitable for direct human consumption.
Hence, option c is the correct answer.
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Question 2 of 10
2. Question
1 pointsWith reference to Direct Seeded Rice (DSR), consider the following statements:
- It is a modern farming technique where rice seeds are sown directly into the field.
- It is most commonly practised in lightly textured and poorly drained soils.
- It reduces greenhouse gas emissions when compared with traditional methods.
Which of the statements given above is/are not correct?
Correct
Answer: c
Explanation:
In a bid to mitigate the rainfall uncertainty due to the potential impact of El Nino, the Chhattisgarh government recently advised farmers to cultivate oilseeds and use Direct Seeded Rice (DSR) method in paddy for the upcoming kharif season.
About Direct Seeded Rice (DSR):
- It is a modern farming technique where rice seeds are sown directly into the field, replacing the traditional method of transplanting seedlings from a nursery.
- Preferred Soil Types for DSR:
- DSR can be operationalized on soils ranging from medium texture (loam) to heavy texture (clay).
- However, it is recommended not to go for DSR if the soil is light textured and poorly drained.
- Advantages:
- This method skips the labor-intensive step of transplanting, saving farmers time and effort.
- DSR uses less water (up to 50%) because it doesn’t require continuous flooding of the fields.
- By conserving water and reducing labor, DSR makes rice farming more efficient and sustainable.
- DSR also reduces greenhouse gas emissions, which helps combat climate change.
- It also offers a congenial soil environment for better growth and productivity of succeeding crops.
- It increases total income by reducing the cost of cultivation.
- Mechanized DSR also creates avenues for employment through new service provisions and is less labor-intensive and free from drudgery, hence more attractive to youth and women
- Challenges in DSR Cultivation:
- Higher seed rates
- Seeds exposed to birds and pests
- Weed management
- Higher risk of lodging
- Risk of poor or non-uniform crop establishment
Hence option c is the correct answer.
News:https://epaper.thehindu.com/ccidist-ws/th/th_delhi/issues/192474/OPS/GD6G6UMVN.1+G20G6UQMQ.1.html
Incorrect
Answer: c
Explanation:
In a bid to mitigate the rainfall uncertainty due to the potential impact of El Nino, the Chhattisgarh government recently advised farmers to cultivate oilseeds and use Direct Seeded Rice (DSR) method in paddy for the upcoming kharif season.
About Direct Seeded Rice (DSR):
- It is a modern farming technique where rice seeds are sown directly into the field, replacing the traditional method of transplanting seedlings from a nursery.
- Preferred Soil Types for DSR:
- DSR can be operationalized on soils ranging from medium texture (loam) to heavy texture (clay).
- However, it is recommended not to go for DSR if the soil is light textured and poorly drained.
- Advantages:
- This method skips the labor-intensive step of transplanting, saving farmers time and effort.
- DSR uses less water (up to 50%) because it doesn’t require continuous flooding of the fields.
- By conserving water and reducing labor, DSR makes rice farming more efficient and sustainable.
- DSR also reduces greenhouse gas emissions, which helps combat climate change.
- It also offers a congenial soil environment for better growth and productivity of succeeding crops.
- It increases total income by reducing the cost of cultivation.
- Mechanized DSR also creates avenues for employment through new service provisions and is less labor-intensive and free from drudgery, hence more attractive to youth and women
- Challenges in DSR Cultivation:
- Higher seed rates
- Seeds exposed to birds and pests
- Weed management
- Higher risk of lodging
- Risk of poor or non-uniform crop establishment
Hence option c is the correct answer.
News:https://epaper.thehindu.com/ccidist-ws/th/th_delhi/issues/192474/OPS/GD6G6UMVN.1+G20G6UQMQ.1.html
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Question 3 of 10
3. Question
1 pointsWith reference to Radio Telemetry, consider the following:
- Weather monitoring
- Wildlife tracking
- Medical monitoring
- Industrial process control
How many of the above are applications of radio telemetry?
Correct
Answer: d
Explanation:
Radio telemetry data helped conservationists repeatedly protect the radio-tagged White-rumped vulture Z25, but the bird was ultimately killed in a collision with a power transmission line.
About Radio Telemetry:
- Radio telemetry involves using radio waves to automatically transmit data from remote or inaccessible sources to a receiving station for monitoring and analysis.
- It is commonly used in wildlife tracking, weather monitoring, industrial process control, and medical monitoring to gather data without needing physical access to the source.
- Radio Telemetry in Wildlife Tracking:
- Since the 1960s, scientists have been using radio telemetry to track wildlife, studying their migration patterns, behaviors, and habits.
- Radio telemetry uses radio signals, which are made up of invisible and silent electromagnetic waves, to determine location.
- A radio telemetry system is made up of three parts: a radio transmitter, a radio antenna, and a radio receiver.
- The transmitter can be attached or tagged to the subject using a collar, an ear tag, or a wing tag for birds in particular. It is the part that transmits, or sends, the radio signal.
- The operator uses an antenna, attached to a receiver, which is programmed to the transmitter’s frequency, to pick up the radio signals given off by the transmitter affixed to the target animal.
- Receiver antennas may be hand-held, mounted on an object, or affixed to towers to avoid interference from buildings and trees.
- They may also be fixed to a vehicle, boat, or aircraft to allow the operator to exploit larger areas.
- The radio signals are then transformed into a beeping sound by the receiver.
- As the receiver gets closer to the transmitter, the beeps get louder, meaning the animal wearing the transmitter is close by.
- The researcher can use this audible clue to locate and follow the animal wearing the transmitter.
- Limitations:
- However, unlike GPS satellite tracking, radio telemetry requires researchers to remain within the signal range of the transmitter to locate the tagged animal.
- The other limitation is the size and lifespan of the battery required to power the transmitter.
Hence option d is the correct answer.
News: https://epaper.thehindu.com/ccidist-ws/th/th_delhi/issues/192474/OPS/GD6G6UMVP.1+GTCG70KJH.1.html
Incorrect
Answer: d
Explanation:
Radio telemetry data helped conservationists repeatedly protect the radio-tagged White-rumped vulture Z25, but the bird was ultimately killed in a collision with a power transmission line.
About Radio Telemetry:
- Radio telemetry involves using radio waves to automatically transmit data from remote or inaccessible sources to a receiving station for monitoring and analysis.
- It is commonly used in wildlife tracking, weather monitoring, industrial process control, and medical monitoring to gather data without needing physical access to the source.
- Radio Telemetry in Wildlife Tracking:
- Since the 1960s, scientists have been using radio telemetry to track wildlife, studying their migration patterns, behaviors, and habits.
- Radio telemetry uses radio signals, which are made up of invisible and silent electromagnetic waves, to determine location.
- A radio telemetry system is made up of three parts: a radio transmitter, a radio antenna, and a radio receiver.
- The transmitter can be attached or tagged to the subject using a collar, an ear tag, or a wing tag for birds in particular. It is the part that transmits, or sends, the radio signal.
- The operator uses an antenna, attached to a receiver, which is programmed to the transmitter’s frequency, to pick up the radio signals given off by the transmitter affixed to the target animal.
- Receiver antennas may be hand-held, mounted on an object, or affixed to towers to avoid interference from buildings and trees.
- They may also be fixed to a vehicle, boat, or aircraft to allow the operator to exploit larger areas.
- The radio signals are then transformed into a beeping sound by the receiver.
- As the receiver gets closer to the transmitter, the beeps get louder, meaning the animal wearing the transmitter is close by.
- The researcher can use this audible clue to locate and follow the animal wearing the transmitter.
- Limitations:
- However, unlike GPS satellite tracking, radio telemetry requires researchers to remain within the signal range of the transmitter to locate the tagged animal.
- The other limitation is the size and lifespan of the battery required to power the transmitter.
Hence option d is the correct answer.
News: https://epaper.thehindu.com/ccidist-ws/th/th_delhi/issues/192474/OPS/GD6G6UMVP.1+GTCG70KJH.1.html
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Question 4 of 10
4. Question
1 pointsNameri Tiger Reserve, which is located on:
Correct
Answer: d
Explanation:
The population of tigers at the 344 square km Nameri Tiger Reserve in north-central Assam’s Sonitpur district has quadrupled in three years.
- Location: It is situated in the northern part of the Sonitpur district of
- It shares its northern boundary with the Pakke Tiger Reserve of Arunachal Pradesh.
- It has been carved out of two protected areas: Nameri National Park & Sonai-Rupai Wildlife Sanctuary, and two Reserve Forests: Naduar Reserve Forest & Balipara Reserve Forest.
- Rivers: The area is drained by the Jia Bhoroli and its tributaries namely the Diji, Dinai, Doigurung, Nameri, Dikorai, Khari etc.
- Jia Bhoroli river of Assam is famous for the Golden Mahseer fish– The Tiger of Indian rivers.
- Vegetation: The habitat of Nameri is made up of tropical evergreen, semi-evergreen, moist deciduous forests, cane brakes and grassland.
- Flora: Hollong, Nahor, Simul, Orchids and Medicinal Plants
- Fauna: Leopard, Clouded leopard and Wild dog, Asian Elephant etc.
- The other reason Nameri is famous for, is the herds of elephants. The park have a high density of elephant population.
Hence option (d) is the correct answer.
News: https://epaper.thehindu.com/reader?utm_source=Hindu&utm_medium=Menu&utm_campaign=Header&_gl=1*m9uj2h*_gcl_au*MTE2NTUyOTEyNS4xNzgxNDk5MzY3LjE3MTkzMzA4MjUuMTc4MzEzNzA1MS4xNzgzMTM3MTU4
Incorrect
Answer: d
Explanation:
The population of tigers at the 344 square km Nameri Tiger Reserve in north-central Assam’s Sonitpur district has quadrupled in three years.
- Location: It is situated in the northern part of the Sonitpur district of
- It shares its northern boundary with the Pakke Tiger Reserve of Arunachal Pradesh.
- It has been carved out of two protected areas: Nameri National Park & Sonai-Rupai Wildlife Sanctuary, and two Reserve Forests: Naduar Reserve Forest & Balipara Reserve Forest.
- Rivers: The area is drained by the Jia Bhoroli and its tributaries namely the Diji, Dinai, Doigurung, Nameri, Dikorai, Khari etc.
- Jia Bhoroli river of Assam is famous for the Golden Mahseer fish– The Tiger of Indian rivers.
- Vegetation: The habitat of Nameri is made up of tropical evergreen, semi-evergreen, moist deciduous forests, cane brakes and grassland.
- Flora: Hollong, Nahor, Simul, Orchids and Medicinal Plants
- Fauna: Leopard, Clouded leopard and Wild dog, Asian Elephant etc.
- The other reason Nameri is famous for, is the herds of elephants. The park have a high density of elephant population.
Hence option (d) is the correct answer.
News: https://epaper.thehindu.com/reader?utm_source=Hindu&utm_medium=Menu&utm_campaign=Header&_gl=1*m9uj2h*_gcl_au*MTE2NTUyOTEyNS4xNzgxNDk5MzY3LjE3MTkzMzA4MjUuMTc4MzEzNzA1MS4xNzgzMTM3MTU4
-
Question 5 of 10
5. Question
1 pointsConsider the following statements regarding National Water Award:
- It aims to sensitize the public about the importance of water and motivate them to adopt the best water usage practices.
- It is instituted by the Ministry of Jal Shakti.
Which of the statements given above is/are correct?
Correct
Answer: c
Explanation:
Recently, the Ministry of Jal Shakti has launched the 7th National Water Awards on the Rashtriya Puraskar portal of Ministry of Home Affairs.
- The first edition of the National Water Awards was introduced in the year 2018.
- It aims to sensitize the public about the importance of water and motivate them to adopt the best water usage practices.
- Objective: The objective of the National Water Awards is to encourage the stakeholders to adopt a holistic approach toward water resource management in the country as surface water and groundwater play a significant role in the water cycle.
- Eligibility for the awards: Any State, District, Urban Local Body, Dam Own Agencies, & Industry who have done good work in the field of water conservation and management is eligible.
- Trophy and Citation: Each winner would be provided a Trophy with a Citation.
- Categories: This year’s awards cover several categories, including Best State, Best District, Best Urban Local Body, Best Implemented Project in the Water Sector, and Best Industry for Corporate Social Responsibility (CSR) initiatives in the water sector.
- These awards are instituted by the Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti.
Hence both statements are correct.
News: https://newsonair.gov.in/jal-shakti-ministry-launches-7th-national-water-awards/
Incorrect
Answer: c
Explanation:
Recently, the Ministry of Jal Shakti has launched the 7th National Water Awards on the Rashtriya Puraskar portal of Ministry of Home Affairs.
- The first edition of the National Water Awards was introduced in the year 2018.
- It aims to sensitize the public about the importance of water and motivate them to adopt the best water usage practices.
- Objective: The objective of the National Water Awards is to encourage the stakeholders to adopt a holistic approach toward water resource management in the country as surface water and groundwater play a significant role in the water cycle.
- Eligibility for the awards: Any State, District, Urban Local Body, Dam Own Agencies, & Industry who have done good work in the field of water conservation and management is eligible.
- Trophy and Citation: Each winner would be provided a Trophy with a Citation.
- Categories: This year’s awards cover several categories, including Best State, Best District, Best Urban Local Body, Best Implemented Project in the Water Sector, and Best Industry for Corporate Social Responsibility (CSR) initiatives in the water sector.
- These awards are instituted by the Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti.
Hence both statements are correct.
News: https://newsonair.gov.in/jal-shakti-ministry-launches-7th-national-water-awards/
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Question 6 of 10
6. Question
1 pointsConsider the following statements regarding Giant African Snail:
- It thrives in warm tropical climates with mild temperatures all year round and high humidity.
- It is one of the world’s worst invasive species.
Which of the statements given above is/are correct?
Correct
Answer: c
Explanation:
The invasive giant African snail (Lissachatina fulica) is spreading rapidly across Tirunavaya panchayat and has now entered school campuses and raising health concerns for children in Kerala.
About Giant African Snail:
- It is the common name for several large African land snail species. The most damaging of these pests is Lissachatina fulica.
- It is one of the world’s worst invasive species.
- It is known to eat more than 500 types of crops and ornamental plants.
- It is native to East Africa but it has been widely introduced to other parts of the world through the pet trade, as a food resource, and by accidental introduction.
- Habitat: It thrives in warm tropical climates with mild temperatures all year round and high humidity.
- It is found in agricultural areas, coastal areas and wetlands, natural and planted forests, riparian zones, scrublands and shrublands, and the urban zones.
- Food: Mature, adult snails generally feed on decaying organic matter, including garbage, fallen fruit and animal manure.
- Key Features:
- It is a hermaphrodite.
- Size: Adult snails are very large with a long, narrow, cone-shaped shell.
- The shell is usually 50 to 100 millimetres long but can reach up to 200 millimetres.
- Appearance: The shell is usually light brown with darker brown vertical stripes.
- Health Impact: The snails can carry the rat lungworm parasite (Angiostrongylus cantonensis), which can cause eosinophilic meningitis in humans.
Hence both statements are correct.
News: https://www.thehindu.com/news/national/kerala/giant-african-snails-enter-school-campuses-in-tirunavaya-raising-health-concerns-for-children/article71166599.ece
Incorrect
Answer: c
Explanation:
The invasive giant African snail (Lissachatina fulica) is spreading rapidly across Tirunavaya panchayat and has now entered school campuses and raising health concerns for children in Kerala.
About Giant African Snail:
- It is the common name for several large African land snail species. The most damaging of these pests is Lissachatina fulica.
- It is one of the world’s worst invasive species.
- It is known to eat more than 500 types of crops and ornamental plants.
- It is native to East Africa but it has been widely introduced to other parts of the world through the pet trade, as a food resource, and by accidental introduction.
- Habitat: It thrives in warm tropical climates with mild temperatures all year round and high humidity.
- It is found in agricultural areas, coastal areas and wetlands, natural and planted forests, riparian zones, scrublands and shrublands, and the urban zones.
- Food: Mature, adult snails generally feed on decaying organic matter, including garbage, fallen fruit and animal manure.
- Key Features:
- It is a hermaphrodite.
- Size: Adult snails are very large with a long, narrow, cone-shaped shell.
- The shell is usually 50 to 100 millimetres long but can reach up to 200 millimetres.
- Appearance: The shell is usually light brown with darker brown vertical stripes.
- Health Impact: The snails can carry the rat lungworm parasite (Angiostrongylus cantonensis), which can cause eosinophilic meningitis in humans.
Hence both statements are correct.
News: https://www.thehindu.com/news/national/kerala/giant-african-snails-enter-school-campuses-in-tirunavaya-raising-health-concerns-for-children/article71166599.ece
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Question 7 of 10
7. Question
1 points. Consider the following statements regarding Borjuli wetland:
- It is known for harbouring a disease and pest-resistant variety of wild rice known as Oryza rufipogon.
- It is located in the State of Meghalaya.
Which of the statements given above is/are correct?
Correct
Answer: a
Explanation:
Recently, the Borjuli wetland in Assam‘s Sonitpur district has been declared a Biodiversity Heritage Site (BHS) by the National Biodiversity Authority.
- Location: It is located in the state of
- It is known for harbouring a disease and pest-resistant variety of wild rice known as Oryza rufipogon.
- Oryza rufipogon, is the progenitor of present-day cultivated rice, Oryza sativa.
- It is resistant to pests and diseases and can tolerate flooding and saline conditions, making it a valuable genetic resource for developing climate-resilient crop varieties.
- It is photosensitive in nature and flowers during short days during the months of November and December.
- The seeds have a tendency to shatter as soon as they mature.
Hence only statement 1 is correct.
Incorrect
Answer: a
Explanation:
Recently, the Borjuli wetland in Assam‘s Sonitpur district has been declared a Biodiversity Heritage Site (BHS) by the National Biodiversity Authority.
- Location: It is located in the state of
- It is known for harbouring a disease and pest-resistant variety of wild rice known as Oryza rufipogon.
- Oryza rufipogon, is the progenitor of present-day cultivated rice, Oryza sativa.
- It is resistant to pests and diseases and can tolerate flooding and saline conditions, making it a valuable genetic resource for developing climate-resilient crop varieties.
- It is photosensitive in nature and flowers during short days during the months of November and December.
- The seeds have a tendency to shatter as soon as they mature.
Hence only statement 1 is correct.
-
Question 8 of 10
8. Question
1 pointsConsider the following statements regarding New Zealand:
- It is an island country located in the South Pacific Ocean.
- It is primarily divided into two main islands, the North Island and the South Island, separated by the Cook Strait.
Which of the statements given above is/are correct?
Correct
Answer: c
Explanation:
The Indian Prime Minister will visit Indonesia, Australia and New Zealand next week.
About New Zealand:
- It is an island country and one of the many islands that make up Oceania.
- It is located in the South Pacific Ocean to the southeast of Australia, south of New Caledonia, Fiji and Tonga Islands.
- It is primarily divided into two main islands, the North Island and the South Island, separated by the Cook Strait.
- Capital City: Wellington
- Geographical Features of New Zealand:
- It is part of the Pacific Ring of Fire—the circum-Pacific seismic belt marked by frequent earthquakes and considerable volcanic activity.
- Climate: New Zealand’s climate is complex and varies from warm subtropical in the far north to cool temperate climates in the far south.
- Highest Peak: Mount Cook at 12,316 feet is the highest peak of New Zealand
- Active Volcano: Mount Ruapehu
- Glacier: Tasman Glacier, the largest in New Zealand
- Lake: Lake Taupō which is the largest natural lake.
- Natural Resources: It consists of gold, silver, iron sands, phosphate and limestone etc.
Hence both statements are correct.
News: https://www.reuters.com/world/asia-pacific/india-pm-modi-make-first-official-visit-new-zealand-next-week-2026-07-03/
Incorrect
Answer: c
Explanation:
The Indian Prime Minister will visit Indonesia, Australia and New Zealand next week.
About New Zealand:
- It is an island country and one of the many islands that make up Oceania.
- It is located in the South Pacific Ocean to the southeast of Australia, south of New Caledonia, Fiji and Tonga Islands.
- It is primarily divided into two main islands, the North Island and the South Island, separated by the Cook Strait.
- Capital City: Wellington
- Geographical Features of New Zealand:
- It is part of the Pacific Ring of Fire—the circum-Pacific seismic belt marked by frequent earthquakes and considerable volcanic activity.
- Climate: New Zealand’s climate is complex and varies from warm subtropical in the far north to cool temperate climates in the far south.
- Highest Peak: Mount Cook at 12,316 feet is the highest peak of New Zealand
- Active Volcano: Mount Ruapehu
- Glacier: Tasman Glacier, the largest in New Zealand
- Lake: Lake Taupō which is the largest natural lake.
- Natural Resources: It consists of gold, silver, iron sands, phosphate and limestone etc.
Hence both statements are correct.
News: https://www.reuters.com/world/asia-pacific/india-pm-modi-make-first-official-visit-new-zealand-next-week-2026-07-03/
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Question 9 of 10
9. Question
1 pointsWith reference to Specialised Investment Fund, consider the following statements:
- It is an investment product introduced by Securities and Exchange Board of India (SEBI).
- It has been introduced through amendments to the SEBI (Mutual Funds) Regulations, 1996.
- The minimum investment in this fund is Rs 1 crore per investor.
How many of the above statements are correct?
Correct
Answer: b
Explanation:
Recently, it was observed that the newly introduced Specialised Investment Funds (SIFs) have witnessed rapid adoption, with the category crossing Rs 13,814 crore in assets under management (AUM).
About Specialised Investment Funds (SIFs):
- It is a new investment product introduced by Securities and Exchange Board of India (SEBI).
- It was introduced to bridge the gap between regular mutual funds and high-ticket Portfolio Management Services (PMS).
- This framework has been introduced through amendments to the SEBI (Mutual Funds) Regulations, 1996.
- Minimum Investment:
- The minimum investment in a SIF will be Rs 10 lakh per investor.
- The fund house can offer a systematic investment plan (SIP) and systematic withdrawal plan (SWP), but it must comply with the minimum threshold amount.
- The SIF can be open-ended, closed-ended, or interval-based.
- Categories of Investment Strategy:
- Equity-oriented strategies: Such as equity long-short funds, equity ex-top 100 long-short funds and sector rotation longshort funds.
- Debt-oriented strategies: Such as debt long-short funds and sectoral debt long-short funds.
- Hybrid strategies: Like active asset allocator long-short funds and hybrid long-short funds. The current framework allows only one strategy per category per SIF.
- Eligibility Criteria for SIFs: The eligibility criteria for Asset Management Companies (AMCs) to establish an SIF include two routes:
- The fund house must be in operation for three years at least and have average assets under management (AUM) of Rs 10,000 crore immediately preceding the three years.
- The alternative route is that the AMC must appoint a chief investment officer (CIO) with at least 10 years of experience and managing assets of Rs 5,000 crore or more.
- The AMC must also have an additional fund manager and have at least three years of experience managing an AUM of Rs 500 crore.
- The fund house must be in operation for three years at least and have average assets under management (AUM) of Rs 10,000 crore immediately preceding the three years.
Hence only statements 1 and 2 are correct.
News: https://www.ptinews.com/story/business/sebi-sees-encouraging-response-to-sifs-asset-base-grows-to-rs-13-500-cr-by-may-end/3825596
Incorrect
Answer: b
Explanation:
Recently, it was observed that the newly introduced Specialised Investment Funds (SIFs) have witnessed rapid adoption, with the category crossing Rs 13,814 crore in assets under management (AUM).
About Specialised Investment Funds (SIFs):
- It is a new investment product introduced by Securities and Exchange Board of India (SEBI).
- It was introduced to bridge the gap between regular mutual funds and high-ticket Portfolio Management Services (PMS).
- This framework has been introduced through amendments to the SEBI (Mutual Funds) Regulations, 1996.
- Minimum Investment:
- The minimum investment in a SIF will be Rs 10 lakh per investor.
- The fund house can offer a systematic investment plan (SIP) and systematic withdrawal plan (SWP), but it must comply with the minimum threshold amount.
- The SIF can be open-ended, closed-ended, or interval-based.
- Categories of Investment Strategy:
- Equity-oriented strategies: Such as equity long-short funds, equity ex-top 100 long-short funds and sector rotation longshort funds.
- Debt-oriented strategies: Such as debt long-short funds and sectoral debt long-short funds.
- Hybrid strategies: Like active asset allocator long-short funds and hybrid long-short funds. The current framework allows only one strategy per category per SIF.
- Eligibility Criteria for SIFs: The eligibility criteria for Asset Management Companies (AMCs) to establish an SIF include two routes:
- The fund house must be in operation for three years at least and have average assets under management (AUM) of Rs 10,000 crore immediately preceding the three years.
- The alternative route is that the AMC must appoint a chief investment officer (CIO) with at least 10 years of experience and managing assets of Rs 5,000 crore or more.
- The AMC must also have an additional fund manager and have at least three years of experience managing an AUM of Rs 500 crore.
- The fund house must be in operation for three years at least and have average assets under management (AUM) of Rs 10,000 crore immediately preceding the three years.
Hence only statements 1 and 2 are correct.
News: https://www.ptinews.com/story/business/sebi-sees-encouraging-response-to-sifs-asset-base-grows-to-rs-13-500-cr-by-may-end/3825596
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Question 10 of 10
10. Question
1 pointsWith reference to LokOS Platform, consider the following statements:
- It supports the Lakhpati Didi initiative through large-scale outreach and digital monitoring.
- It offers comprehensive digital solution for managing export of agricultural products.
- It was established under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission.
How many of the above statements are correct?
Correct
Answer: b
Explanation:
LokOS platform has significantly expanded its reach across India, enabling large-scale digital transformation of community institutions.
- LokOS (Lok = People, OS = Operating System) is a web and mobile platform under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).
- It offers a comprehensive digital solution for managing Self-Help Groups (SHGs) and Community-Based Organizations (CBOs).
- The web applicationof LokOS supports administrators, E-bookkeepers, and transaction approvers in creating and approving SHGs, Village Organizations (VOs), Cluster Level Federations (CLFs), and their members.
- The mobile application enables efficient recording and management of Community-Based Organization (CBO) activities in the field.
- It has enabled large-scale digital integration of community institutions Cluster Level Federations (CLFs), Village Organizations (VOs), Self-Help Groups (SHGs) and SHG Members nationwide.
- LokOS supports the Lakhpati Didi initiative through large-scale outreach, beneficiary tracking, and digital monitoring.
- Coverage: It currently covers 34 States/UTs.
- Key Features of LokOS App:
- End-to-End Digital Management:Registers and manages SHGs, Village Organizations (VOs), Cluster Level Federations (CLFs), and their members.
- Unique Digital IDs:Generates Aadhaar- and bank-linked digital identities for CBOs and members.
- Digital Financial Records:Records savings, loans, repayments, and other financial transactions.
- Livelihood Profiling:Captures livelihood data to support planning and convergence with government schemes.
- Role-Based Administration:Enables user management, approvals, monitoring, and reporting from village to national level.
- Real-Time Analytics:Provides dashboards and one-click reports for data-driven decision-making.
Hence only statements 1 and 3 are correct.
News: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2280986®=48&lang=1
Incorrect
Answer: b
Explanation:
LokOS platform has significantly expanded its reach across India, enabling large-scale digital transformation of community institutions.
- LokOS (Lok = People, OS = Operating System) is a web and mobile platform under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).
- It offers a comprehensive digital solution for managing Self-Help Groups (SHGs) and Community-Based Organizations (CBOs).
- The web applicationof LokOS supports administrators, E-bookkeepers, and transaction approvers in creating and approving SHGs, Village Organizations (VOs), Cluster Level Federations (CLFs), and their members.
- The mobile application enables efficient recording and management of Community-Based Organization (CBO) activities in the field.
- It has enabled large-scale digital integration of community institutions Cluster Level Federations (CLFs), Village Organizations (VOs), Self-Help Groups (SHGs) and SHG Members nationwide.
- LokOS supports the Lakhpati Didi initiative through large-scale outreach, beneficiary tracking, and digital monitoring.
- Coverage: It currently covers 34 States/UTs.
- Key Features of LokOS App:
- End-to-End Digital Management:Registers and manages SHGs, Village Organizations (VOs), Cluster Level Federations (CLFs), and their members.
- Unique Digital IDs:Generates Aadhaar- and bank-linked digital identities for CBOs and members.
- Digital Financial Records:Records savings, loans, repayments, and other financial transactions.
- Livelihood Profiling:Captures livelihood data to support planning and convergence with government schemes.
- Role-Based Administration:Enables user management, approvals, monitoring, and reporting from village to national level.
- Real-Time Analytics:Provides dashboards and one-click reports for data-driven decision-making.
Hence only statements 1 and 3 are correct.
News: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2280986®=48&lang=1
Last updated on July, 2026
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