{"id":65463,"date":"2025-09-27T18:05:38","date_gmt":"2025-09-27T12:35:38","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=65463"},"modified":"2025-09-27T18:05:38","modified_gmt":"2025-09-27T12:35:38","slug":"upsc-daily-quiz-27-september-2025","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/upsc-daily-quiz-27-september-2025\/","title":{"rendered":"UPSC Daily Quiz 27 September 2025"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Daily UPSC Quiz by Vajiram &amp; Ravi is a thoughtfully curated initiative designed to support UPSC aspirants in strengthening their current affairs knowledge and core conceptual understanding. Aligned with the UPSC Syllabus 2025, this daily quiz serves as a revision resource, helping candidates assess their preparation, revise key topics, and stay updated with relevant issues. Whether you are preparing for Prelims or sharpening your revision for Mains, consistent practice with these Daily UPSC Quiz can significantly enhance accuracy, speed, and confidence in solving exam-level questions.<\/span><\/p>\n<table class=\"wp-list-table widefat fixed striped table-view-list quiz\">\n<tbody id=\"the-list\" data-wp-lists=\"list:quiz\">\n<tr>\n<td class=\"shortcode column-shortcode\" data-colname=\"Shortcode\">        <div class=\"wpProQuiz_content\" id=\"wpProQuiz_81\">\n            <h2>UPSC Daily Quiz 2 February 2026<\/h2>        <div style=\"display: none;\" class=\"wpProQuiz_time_limit\">\n            <div class=\"time\">Time limit: <span>0<\/span><\/div>\n            <div class=\"wpProQuiz_progress\"><\/div>\n        <\/div>\n                <div class=\"wpProQuiz_checkPage\" style=\"display: none;\">\n            <h4 class=\"wpProQuiz_header\">Quiz-summary<\/h4>\n\n            <p>\n                <span>0<\/span> of 5 questions completed            <\/p>\n\n            <p>Questions:<\/p>\n\n            <div style=\"margin-bottom: 20px;\" class=\"wpProQuiz_box\">\n                <ol>\n                                            <li>1<\/li>\n                                            <li>2<\/li>\n                                            <li>3<\/li>\n                                            <li>4<\/li>\n                                            <li>5<\/li>\n                                    <\/ol>\n                <div style=\"clear: both;\"><\/div>\n            <\/div>\n\n            \n            <input type=\"button\" name=\"endQuizSummary\" value=\"Finish quiz\"\n                   class=\"wpProQuiz_button\">\n        <\/div>\n                <div class=\"wpProQuiz_infopage\" style=\"display: none;\">\n            <h4>Information<\/h4>\n\n            \n            <input type=\"button\" name=\"endInfopage\" value=\"Finish quiz\"\n                   class=\"wpProQuiz_button\">\n        <\/div>\n                <div class=\"wpProQuiz_text\">\n            <p>\n                <p>Vajiram &amp; Ravi\u2019s 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 &amp; 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.<\/p>\n            <\/p>\n\n            \n            <div>\n                <input class=\"wpProQuiz_button\" type=\"button\" value=\"Start quiz\"\n                       name=\"startQuiz\">\n            <\/div>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpProQuiz_lock\">\n            <p>\n                You have already completed the quiz before. Hence you can not start it again.            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpProQuiz_loadQuiz\">\n            <p>\n                Quiz is loading...            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpProQuiz_startOnlyRegisteredUser\">\n            <p>\n                You must sign in or sign up to start the quiz.            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpProQuiz_prerequisite\">\n            <p>\n                You have to finish following quiz, to start this quiz:                <span><\/span>\n            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpProQuiz_results\">\n\t\t\t        <div class=\"wpProQuiz_addToplist\" style=\"display: none;\">\n            <span style=\"font-weight: bold;\">Your result has been entered into leaderboard<\/span>\n\n            <div style=\"margin-top: 6px;\">\n                <div class=\"wpProQuiz_addToplistMessage\" style=\"display: none;\">Loading<\/div>\n                <div class=\"wpProQuiz_addBox\">\n                    <div>\n\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t<label>\n                                Name: <input type=\"text\" placeholder=\"Name\" name=\"wpProQuiz_toplistName\" maxlength=\"15\" size=\"16\"\n                                                                            style=\"width: 150px;\">\n                            <\/label>\n\t\t\t\t\t\t\t<label>\n                                E-Mail: <input type=\"email\"\n                                                                              placeholder=\"E-Mail\"\n                                                                              name=\"wpProQuiz_toplistEmail\" size=\"20\"\n                                                                              style=\"width: 150px;\">\n                            <\/label>\n\t\t\t\t\t\t<\/span>\n\n                        <div style=\"margin-top: 5px;\">\n                            <label>\n                                Captcha: <input type=\"text\" name=\"wpProQuiz_captcha\"\n                                                                               size=\"8\" style=\"width: 50px;\">\n                            <\/label>\n                            <input type=\"hidden\" name=\"wpProQuiz_captchaPrefix\" value=\"0\">\n                            <img decoding=\"async\" alt=\"captcha\" src=\"\" class=\"wpProQuiz_captchaImg\" style=\"vertical-align: middle;\">\n                        <\/div>\n                    <\/div>\n                    <input class=\"wpProQuiz_button2\" type=\"submit\" value=\"Send\"\n                           name=\"wpProQuiz_toplistAdd\">\n                <\/div>\n            <\/div>\n        <\/div>\n                    <div class=\"wpProQuiz_results_content\">\n                <h4 class=\"wpProQuiz_header\">Results<\/h4>\n                                    <p>\n                        <span class=\"wpProQuiz_correct_answer\">0<\/span> of <span>5<\/span> questions answered correctly                    <\/p>\n                                    <p class=\"wpProQuiz_quiz_time\">\n                        Your time: <span><\/span>                    <\/p>\n                                <p class=\"wpProQuiz_time_limit_expired\" style=\"display: none;\">\n                    Time has elapsed                <\/p>\n                                    <p class=\"wpProQuiz_points\">\n                        You have reached <span>0<\/span> of <span>0<\/span> points, (<span>0<\/span>)                    <\/p>\n                                                    <div class=\"wpProQuiz_resultTable\">\n                        <table>\n                            <tbody>\n                            <tr>\n                                <td class=\"wpProQuiz_resultName\">Average score<\/td>\n                                <td class=\"wpProQuiz_resultValue\">\n                                    <div style=\"background-color: #6CA54C;\">&nbsp;<\/div>\n                                    <span>&nbsp;<\/span>\n                                <\/td>\n                            <\/tr>\n                            <tr>\n                                <td class=\"wpProQuiz_resultName\">Your score<\/td>\n                                <td class=\"wpProQuiz_resultValue\">\n                                    <div style=\"background-color: #F79646;\">&nbsp;<\/div>\n                                    <span>&nbsp;<\/span>\n                                <\/td>\n                            <\/tr>\n                            <\/tbody>\n                        <\/table>\n                    <\/div>\n                                <div class=\"wpProQuiz_catOverview\" style=\"display:none;\">\n                    <h4>Categories<\/h4>\n\n                    <div style=\"margin-top: 10px;\">\n                        <ol>\n                                                            <li data-category_id=\"0\">\n                                    <span class=\"wpProQuiz_catName\">Not categorized<\/span>\n                                    <span class=\"wpProQuiz_catPercent\">0%<\/span>\n                                <\/li>\n                                                    <\/ol>\n                    <\/div>\n                <\/div>\n                <div>\n                    <ul class=\"wpProQuiz_resultsList\">\n                                                    <li style=\"display: none;\">\n                                <div>\n                                                                    <\/div>\n                            <\/li>\n                                            <\/ul>\n                <\/div>\n                                <div style=\"margin: 10px 0px;\">\n                                            <input class=\"wpProQuiz_button\" type=\"button\" name=\"restartQuiz\"\n                               value=\"Restart quiz\">\n                                            <input class=\"wpProQuiz_button\" type=\"button\" name=\"reShowQuestion\"\n                               value=\"View questions\">\n                                                                <input class=\"wpProQuiz_button\" type=\"button\" name=\"showToplist\"\n                               value=\"Show leaderboard\">\n                                    <\/div>\n            <\/div>\n        <\/div>\n                <div class=\"wpProQuiz_toplistShowInButton\" style=\"display: none;\">\n                    <div style=\"margin-bottom: 30px; margin-top: 10px;\" class=\"wpProQuiz_toplist\"\n             data-quiz_id=\"81\">\n                        <table class=\"wpProQuiz_toplistTable\">\n                <caption>maximum of 5 points<\/caption>\n                <thead>\n                <tr>\n                    <th style=\"width: 40px;\">Pos.<\/th>\n                    <th style=\"text-align: left !important;\">Name<\/th>\n                    <th style=\"width: 140px;\">Entered on<\/th>\n                    <th style=\"width: 60px;\">Points<\/th>\n                    <th style=\"width: 75px;\">Result<\/th>\n                <\/tr>\n                <\/thead>\n                <tbody>\n                <tr>\n                    <td colspan=\"5\">Table is loading<\/td>\n                <\/tr>\n                <tr style=\"display: none;\">\n                    <td colspan=\"5\">No data available<\/td>\n                <\/tr>\n                <tr style=\"display: none;\">\n                    <td><\/td>\n                    <td style=\"text-align: left !important;\"><\/td>\n                    <td style=\" color: rgb(124, 124, 124); font-size: x-small;\"><\/td>\n                    <td><\/td>\n                    <td><\/td>\n                <\/tr>\n                <\/tbody>\n            <\/table>\n        <\/div>\n\n                <\/div>\n                <div class=\"wpProQuiz_reviewDiv\" style=\"display: none;\">\n            <div class=\"wpProQuiz_reviewQuestion\">\n                <ol>\n                                            <li>1<\/li>\n                                            <li>2<\/li>\n                                            <li>3<\/li>\n                                            <li>4<\/li>\n                                            <li>5<\/li>\n                                    <\/ol>\n                <div style=\"display: none;\"><\/div>\n            <\/div>\n            <div class=\"wpProQuiz_reviewLegend\">\n                <ol>\n                    <li>\n                        <span class=\"wpProQuiz_reviewColor\" style=\"background-color: #6CA54C;\"><\/span>\n                        <span class=\"wpProQuiz_reviewText\">Answered<\/span>\n                    <\/li>\n                    <li>\n                        <span class=\"wpProQuiz_reviewColor\" style=\"background-color: #FFB800;\"><\/span>\n                        <span class=\"wpProQuiz_reviewText\">Review<\/span>\n                    <\/li>\n                <\/ol>\n                <div style=\"clear: both;\"><\/div>\n            <\/div>\n            <div>\n                            <\/div>\n        <\/div>\n                <div class=\"wpProQuiz_quizAnker\" style=\"display: none;\"><\/div>\n                <div style=\"display: none;\" class=\"wpProQuiz_quiz\">\n            <ol class=\"wpProQuiz_list\">\n                                    <li class=\"wpProQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpProQuiz_question_page\" style=\"display:none;\" >\n                            Question <span>1<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpProQuiz_header\">\n                            <span>1<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">1 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpProQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpProQuiz_question_text\">\n                                <p>With reference to Guru Ravidas, consider the following statements:<\/p>\n<ol>\n<li>He was a renowned saint known for his contributions to the Bhakti movement.<\/li>\n<li>He is traditionally considered a disciple of saint Kabir\u00a0Das.<\/li>\n<li>The core of his philosophy was the rejection of the caste system and the promotion of human rights and dignity.<\/li>\n<\/ol>\n<p>How many of the above statements are correct?<\/p>\n                            <\/div>\n                                                        <ul class=\"wpProQuiz_questionList\" data-question_id=\"794\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_794\"\n                                                       value=\"1\"> a. Only one                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_794\"\n                                                       value=\"2\"> b. Only two                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_794\"\n                                                       value=\"3\"> c. All three                                             <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_794\"\n                                                       value=\"4\"> d. None                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpProQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpProQuiz_correct\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: b<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>The Prime Minister recently inaugurated the Adampur Airport in Punjab and renamed it after Sri Sant Guru Ravidas Ji in a bid to honour the revered saint and social reformer on his birth anniversary.<\/p>\n<p><strong>About Guru Ravidas:<\/strong><\/p>\n<ul>\n<li>Guru Ravidas <strong>(1377-1527 C.E.) <\/strong>was a renowned saint known for his contributions to the <strong>Bhakti movement.<\/strong><\/li>\n<li>His <strong>devotional songs and verses<\/strong> made a lasting impact upon the Bhakti Movement.<\/li>\n<li>Guru Ravidas is also<strong> known as Raidas, Rohidas, and Ruhidas.<\/strong><\/li>\n<li>Ravidas was <strong>born <\/strong>in a <strong>village called Sir Gobardhanpur, near Varanasi in Uttar Pradesh, <\/strong>\n<ul>\n<li>Today, his <strong>birthplace <\/strong>is a special place known as <strong>Shri Guru Ravidass Janam Asthan.<\/strong><\/li>\n<li>His <strong>birthday <\/strong>is <strong>celebrated as Ravidas Jayanti.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li>Ravidas is traditionally seen as a <strong>student of the bhakti-poet Ramananda. <\/strong><\/li>\n<li>He is also thought to have <strong>lived around the same time as Kabir,<\/strong> another famous <strong>poet-saint.<\/strong><\/li>\n<li>He was a <strong>well-known poet<\/strong>. His poems, written in local languages, inspired many people.\n<ul>\n<li>41<strong> of his devotional songs <\/strong>and poems are <strong>found in the Sikh holy book, the Guru Granth Sahib. <\/strong><\/li>\n<li>Many of his poems are <strong>also in the Panch Vani text<\/strong> of the Dadu Panthi tradition within Hinduism.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Philosophy and Teachings:<\/strong>\n<ul>\n<li>The core of Guru Ravidas\u2019s philosophy was the <strong>rejection of the caste system<\/strong> and the <strong>promotion of human rights and dignity. <\/strong><\/li>\n<li>He <strong>envisioned <\/strong>a society called <strong>&#8216;Beghumpura&#8217; (a city without sorrow)<\/strong>, where there is no suffering, no fear, and no discrimination.<\/li>\n<li>He also became a <strong>symbol of opposition to untouchability <\/strong>in society by the higher caste people for the lower caste people.<\/li>\n<li>He emphasised the <strong>philosophy of spiritual freedom.<\/strong><\/li>\n<li>He abandoned the saguna (with attributes, image) forms of supreme beings and <strong>focussed on the nirguna (without attributes, abstract) form of supreme beings.<\/strong><\/li>\n<li><strong>Meera Bai<\/strong>, a <strong>revered figure in Hindu<\/strong> spiritualism, is said to have <strong>considered Guru Ravidas as her spiritual Guru. <\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Ravidassia religion:<\/strong>\n<ul>\n<li>The Guru\u2019s teachings now form the basis of the Ravidassia religion.<\/li>\n<li><strong>Ravidassias believe<\/strong> that <strong>Guru Ravidas should be treated as a saint<\/strong> just like the other gurus, as he <strong>lived before the first Sikh Guru,<\/strong> and his <strong>teachings were studied by the Sikh Gurus.<\/strong><\/li>\n<li>The Ravidassia community adopted the <strong>Amrit Bani Guru Ravidass<\/strong> as its<strong> holy book<\/strong> and established its own symbols and rituals.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Hence option b is the correct answer.<\/strong><\/p>\n<p><strong>News<\/strong>: <a href=\"https:\/\/www.indiatoday.in\/india\/story\/pm-modi-inaugurates-adampur-airport-renames-it-after-guru-ravidas-ji-2861362-2026-02-01\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.indiatoday.in\/india\/story\/pm-modi-inaugurates-adampur-airport-renames-it-after-guru-ravidas-ji-2861362-2026-02-01<\/a><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpProQuiz_incorrect\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: b<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>The Prime Minister recently inaugurated the Adampur Airport in Punjab and renamed it after Sri Sant Guru Ravidas Ji in a bid to honour the revered saint and social reformer on his birth anniversary.<\/p>\n<p><strong>About Guru Ravidas:<\/strong><\/p>\n<ul>\n<li>Guru Ravidas <strong>(1377-1527 C.E.) <\/strong>was a renowned saint known for his contributions to the <strong>Bhakti movement.<\/strong><\/li>\n<li>His <strong>devotional songs and verses<\/strong> made a lasting impact upon the Bhakti Movement.<\/li>\n<li>Guru Ravidas is also<strong> known as Raidas, Rohidas, and Ruhidas.<\/strong><\/li>\n<li>Ravidas was <strong>born <\/strong>in a <strong>village called Sir Gobardhanpur, near Varanasi in Uttar Pradesh, <\/strong>\n<ul>\n<li>Today, his <strong>birthplace <\/strong>is a special place known as <strong>Shri Guru Ravidass Janam Asthan.<\/strong><\/li>\n<li>His <strong>birthday <\/strong>is <strong>celebrated as Ravidas Jayanti.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li>Ravidas is traditionally seen as a <strong>student of the bhakti-poet Ramananda. <\/strong><\/li>\n<li>He is also thought to have <strong>lived around the same time as Kabir,<\/strong> another famous <strong>poet-saint.<\/strong><\/li>\n<li>He was a <strong>well-known poet<\/strong>. His poems, written in local languages, inspired many people.\n<ul>\n<li>41<strong> of his devotional songs <\/strong>and poems are <strong>found in the Sikh holy book, the Guru Granth Sahib. <\/strong><\/li>\n<li>Many of his poems are <strong>also in the Panch Vani text<\/strong> of the Dadu Panthi tradition within Hinduism.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Philosophy and Teachings:<\/strong>\n<ul>\n<li>The core of Guru Ravidas\u2019s philosophy was the <strong>rejection of the caste system<\/strong> and the <strong>promotion of human rights and dignity. <\/strong><\/li>\n<li>He <strong>envisioned <\/strong>a society called <strong>&#8216;Beghumpura&#8217; (a city without sorrow)<\/strong>, where there is no suffering, no fear, and no discrimination.<\/li>\n<li>He also became a <strong>symbol of opposition to untouchability <\/strong>in society by the higher caste people for the lower caste people.<\/li>\n<li>He emphasised the <strong>philosophy of spiritual freedom.<\/strong><\/li>\n<li>He abandoned the saguna (with attributes, image) forms of supreme beings and <strong>focussed on the nirguna (without attributes, abstract) form of supreme beings.<\/strong><\/li>\n<li><strong>Meera Bai<\/strong>, a <strong>revered figure in Hindu<\/strong> spiritualism, is said to have <strong>considered Guru Ravidas as her spiritual Guru. <\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Ravidassia religion:<\/strong>\n<ul>\n<li>The Guru\u2019s teachings now form the basis of the Ravidassia religion.<\/li>\n<li><strong>Ravidassias believe<\/strong> that <strong>Guru Ravidas should be treated as a saint<\/strong> just like the other gurus, as he <strong>lived before the first Sikh Guru,<\/strong> and his <strong>teachings were studied by the Sikh Gurus.<\/strong><\/li>\n<li>The Ravidassia community adopted the <strong>Amrit Bani Guru Ravidass<\/strong> as its<strong> holy book<\/strong> and established its own symbols and rituals.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Hence option b is the correct answer.<\/strong><\/p>\n<p><strong>News<\/strong>: <a href=\"https:\/\/www.indiatoday.in\/india\/story\/pm-modi-inaugurates-adampur-airport-renames-it-after-guru-ravidas-ji-2861362-2026-02-01\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.indiatoday.in\/india\/story\/pm-modi-inaugurates-adampur-airport-renames-it-after-guru-ravidas-ji-2861362-2026-02-01<\/a><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \n                                                <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\">\n                                                <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\">\n                        <input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\" style=\"float: right; display: none;\">\n\n                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpProQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpProQuiz_question_page\" style=\"display:none;\" >\n                            Question <span>2<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpProQuiz_header\">\n                            <span>2<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">1 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpProQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpProQuiz_question_text\">\n                                <p>The primary objective of the Mahatma Gandhi Gram Swaraj Initiative (MGGSI), recently seen in the news, is to strengthen which of the following sectors?<\/p>\n                            <\/div>\n                                                        <ul class=\"wpProQuiz_questionList\" data-question_id=\"795\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_795\"\n                                                       value=\"1\"> a. Cooperatives and self-help groups                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_795\"\n                                                       value=\"2\"> b. Agriculture and food processing                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_795\"\n                                                       value=\"3\"> c. Khadi, handloom, and handicrafts                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_795\"\n                                                       value=\"4\"> d. Rural housing and infrastructure                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpProQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpProQuiz_correct\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: c<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>In the Union Budget 2026-27 presented recently, the Finance Minister announced the launch of the Mahatma Gandhi Gram Swaraj Initiative aimed at strengthening Khadi, handloom, and handicrafts.<\/p>\n<p><strong>About Mahatma Gandhi Gram Swaraj Initiative (MGGSI):<\/strong><\/p>\n<ul>\n<li>It was announced in the <strong>Union Budget 2026-27<\/strong> to <strong>strengthen India\u2019s traditional craft sectors. <\/strong><\/li>\n<li>It is a major initiative to strengthen <strong>the khadi, handloom, and handicrafts sector<\/strong> by <strong>improving global market access, branding, and market linkages.<\/strong><\/li>\n<li>It is aimed at making traditional rural industries more competitive while <strong>ensuring sustainable livelihoods<\/strong> for artisans and weavers.<\/li>\n<li>The programme <strong>mainly targets weavers, village industries, beneficiaries of<\/strong> the <strong>One District One Product (ODOP)<\/strong> initiative, and <strong>rural youth,<\/strong> and MGGSI aims to <strong>address structural challenges. <\/strong>\n<ul>\n<li>These include fragmented supply chains, inconsistent quality standards, and limited market connectivity.<\/li>\n<\/ul>\n<\/li>\n<li>MGGSI encourages artisans to<strong> adopt modern production methods.<\/strong> This would be done while <strong>preserving traditional craftsmanship. <\/strong><\/li>\n<li>The initiative also focuses on <strong>improving market access by better branding <\/strong>and <strong>marketing <\/strong>to enable artisans to reach organised retail, export markets, and online platforms.<\/li>\n<li>It<strong> aligns with the \u201cVocal for Local\u201d philosophy <\/strong>and efforts to strengthen micro, small, and medium enterprises (MSMEs).<\/li>\n<li>By reinforcing traditional industries, the initiative seeks to generate sustainable employment, reduce rural distress, and promote locally produced goods, thereby aligning with the broader vision of Atmanirbhar Bharat.<\/li>\n<\/ul>\n<p><strong>Hence option c is the correct answer.<\/strong><\/p>\n<p><strong>News<\/strong>:<a href=\"https:\/\/indianexpress.com\/article\/explained\/congress-president-kharge-recalled-gandhis-gram-swaraj-but-no-indian-village-matches-that-ideal-today-heres-why-10502422\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/indianexpress.com\/article\/explained\/congress-president-kharge-recalled-gandhis-gram-swaraj-but-no-indian-village-matches-that-ideal-today-heres-why-10502422\/<\/a><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpProQuiz_incorrect\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: c<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>In the Union Budget 2026-27 presented recently, the Finance Minister announced the launch of the Mahatma Gandhi Gram Swaraj Initiative aimed at strengthening Khadi, handloom, and handicrafts.<\/p>\n<p><strong>About Mahatma Gandhi Gram Swaraj Initiative (MGGSI):<\/strong><\/p>\n<ul>\n<li>It was announced in the <strong>Union Budget 2026-27<\/strong> to <strong>strengthen India\u2019s traditional craft sectors. <\/strong><\/li>\n<li>It is a major initiative to strengthen <strong>the khadi, handloom, and handicrafts sector<\/strong> by <strong>improving global market access, branding, and market linkages.<\/strong><\/li>\n<li>It is aimed at making traditional rural industries more competitive while <strong>ensuring sustainable livelihoods<\/strong> for artisans and weavers.<\/li>\n<li>The programme <strong>mainly targets weavers, village industries, beneficiaries of<\/strong> the <strong>One District One Product (ODOP)<\/strong> initiative, and <strong>rural youth,<\/strong> and MGGSI aims to <strong>address structural challenges. <\/strong>\n<ul>\n<li>These include fragmented supply chains, inconsistent quality standards, and limited market connectivity.<\/li>\n<\/ul>\n<\/li>\n<li>MGGSI encourages artisans to<strong> adopt modern production methods.<\/strong> This would be done while <strong>preserving traditional craftsmanship. <\/strong><\/li>\n<li>The initiative also focuses on <strong>improving market access by better branding <\/strong>and <strong>marketing <\/strong>to enable artisans to reach organised retail, export markets, and online platforms.<\/li>\n<li>It<strong> aligns with the \u201cVocal for Local\u201d philosophy <\/strong>and efforts to strengthen micro, small, and medium enterprises (MSMEs).<\/li>\n<li>By reinforcing traditional industries, the initiative seeks to generate sustainable employment, reduce rural distress, and promote locally produced goods, thereby aligning with the broader vision of Atmanirbhar Bharat.<\/li>\n<\/ul>\n<p><strong>Hence option c is the correct answer.<\/strong><\/p>\n<p><strong>News<\/strong>:<a href=\"https:\/\/indianexpress.com\/article\/explained\/congress-president-kharge-recalled-gandhis-gram-swaraj-but-no-indian-village-matches-that-ideal-today-heres-why-10502422\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/indianexpress.com\/article\/explained\/congress-president-kharge-recalled-gandhis-gram-swaraj-but-no-indian-village-matches-that-ideal-today-heres-why-10502422\/<\/a><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \n                                                <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\">\n                                                <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\">\n                        <input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\" style=\"float: right; display: none;\">\n\n                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpProQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpProQuiz_question_page\" style=\"display:none;\" >\n                            Question <span>3<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpProQuiz_header\">\n                            <span>3<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">1 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpProQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpProQuiz_question_text\">\n                                <p>Consider the following statements regarding SHE Marts, recently seen in the news:<\/p>\n<ol>\n<li>They are planned as Government-run wholesale markets for self-help groups (SHGs).<\/li>\n<li>The main objective is to provide women entrepreneurs with better market access, branding opportunities, and sustainable income avenues.<\/li>\n<\/ol>\n<p>Which of the statements given above is\/are correct?<\/p>\n                            <\/div>\n                                                        <ul class=\"wpProQuiz_questionList\" data-question_id=\"796\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_796\"\n                                                       value=\"1\"> a. 1 only                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_796\"\n                                                       value=\"2\"> b. 2 only                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_796\"\n                                                       value=\"3\"> c. Both 1 and 2                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_796\"\n                                                       value=\"4\"> d. Neither 1 nor 2                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpProQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpProQuiz_correct\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: b<\/strong><\/p>\n<p><strong>Explanation:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n<h2>The Finance Minister recently announced SHE-Mart, a new platform for women entrepreneurs.<\/h2>\n<p><strong>About SHE Marts:<\/strong><\/p>\n<ul>\n<li><strong>SHE (Self-help Entrepreneur) Marts<\/strong> are planned as <strong>community-owned retail outlets<\/strong> that will be <strong>set up within cluster-level federations <\/strong>through <strong>enhanced and innovative finance instruments.<\/strong><\/li>\n<li>It aims to <strong>provide women entrepreneurs<\/strong> with <strong>better market access, branding opportunities, and sustainable income<\/strong> avenues, while <strong>strengthening <\/strong>grassroots institutions such as <strong>self-help groups (SHGs).<\/strong><\/li>\n<li>The proposal <strong>builds on the success of the Lakhpati Didi programme<\/strong> and signals a policy shift from micro-credit-led livelihoods to structured, women-owned enterprises.<\/li>\n<li><strong>SHE Marts are meant to:<\/strong>\n<ul>\n<li>Provide <strong>permanent retail points for SHG-made goods.<\/strong><\/li>\n<li><strong>Improve direct market access.<\/strong><\/li>\n<li>Support <strong>value-added and processed products.<\/strong><\/li>\n<li>Be backed by enhanced and innovative financing instruments.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Hence only statement 2 is correct.<\/strong><\/p>\n<p><strong>News:<\/strong><a href=\"https:\/\/theprint.in\/economy\/budget-2026-farmers-women-entrepreneurs\/2842838\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/theprint.in\/economy\/budget-2026-farmers-women-entrepreneurs\/2842838\/<\/a><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpProQuiz_incorrect\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: b<\/strong><\/p>\n<p><strong>Explanation:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n<h2>The Finance Minister recently announced SHE-Mart, a new platform for women entrepreneurs.<\/h2>\n<p><strong>About SHE Marts:<\/strong><\/p>\n<ul>\n<li><strong>SHE (Self-help Entrepreneur) Marts<\/strong> are planned as <strong>community-owned retail outlets<\/strong> that will be <strong>set up within cluster-level federations <\/strong>through <strong>enhanced and innovative finance instruments.<\/strong><\/li>\n<li>It aims to <strong>provide women entrepreneurs<\/strong> with <strong>better market access, branding opportunities, and sustainable income<\/strong> avenues, while <strong>strengthening <\/strong>grassroots institutions such as <strong>self-help groups (SHGs).<\/strong><\/li>\n<li>The proposal <strong>builds on the success of the Lakhpati Didi programme<\/strong> and signals a policy shift from micro-credit-led livelihoods to structured, women-owned enterprises.<\/li>\n<li><strong>SHE Marts are meant to:<\/strong>\n<ul>\n<li>Provide <strong>permanent retail points for SHG-made goods.<\/strong><\/li>\n<li><strong>Improve direct market access.<\/strong><\/li>\n<li>Support <strong>value-added and processed products.<\/strong><\/li>\n<li>Be backed by enhanced and innovative financing instruments.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Hence only statement 2 is correct.<\/strong><\/p>\n<p><strong>News:<\/strong><a href=\"https:\/\/theprint.in\/economy\/budget-2026-farmers-women-entrepreneurs\/2842838\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/theprint.in\/economy\/budget-2026-farmers-women-entrepreneurs\/2842838\/<\/a><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \n                                                <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\">\n                                                <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\">\n                        <input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\" style=\"float: right; display: none;\">\n\n                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpProQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpProQuiz_question_page\" style=\"display:none;\" >\n                            Question <span>4<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpProQuiz_header\">\n                            <span>4<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">1 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpProQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpProQuiz_question_text\">\n                                <p>With reference to Securities Transaction Tax (STT), consider the following statements:<\/p>\n<ol>\n<li>It is a direct tax levied on the purchase and sale of securities listed on recognised stock exchanges in India.<\/li>\n<li>It is not applied if there is a loss incurred by you in the securities transaction.<\/li>\n<li>It is deducted at the time of the securities transaction itself.<\/li>\n<\/ol>\n<p>How many of the above statements are correct?<\/p>\n                            <\/div>\n                                                        <ul class=\"wpProQuiz_questionList\" data-question_id=\"797\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_797\"\n                                                       value=\"1\"> a. Only one                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_797\"\n                                                       value=\"2\"> b. Only two                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_797\"\n                                                       value=\"3\"> c. All three                                             <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_797\"\n                                                       value=\"4\"> d. None                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpProQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpProQuiz_correct\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: b<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>The Finance Minister recently proposed to raise the Securities Transaction Tax (STT) on both futures and options by up to 150%.<\/p>\n<p><strong>About Securities Transaction Tax (STT):<\/strong><\/p>\n<ul>\n<li>It is a <strong>direct tax<\/strong> levied on the <strong>purchase and sale of securities listed on recognised stock exchanges<\/strong> in India.<\/li>\n<li>It is <strong>levied and collected by the central government<\/strong> of India.<\/li>\n<li>It is applied<strong> irrespective of the profit or loss made <\/strong>by you in the transaction. It is<strong> levied directly on the value of the transaction. <\/strong><\/li>\n<li>STT operates similarly to Tax Deducted at Source (TDS) in that it is <strong>deducted at the time of the transaction itself. <\/strong><\/li>\n<li>The tax is <strong>paid directly to the government through<\/strong> the <strong>stock exchanges or other intermediaries<\/strong> involved in the transaction.<\/li>\n<li><strong>Introduced through the Finance Act of 2004,<\/strong> STT was designed <strong>to simplify taxation on securities trading<\/strong> and <strong>curb tax evasion<\/strong> in the capital market.<\/li>\n<li>STT is<strong> governed by the Securities Transaction Tax Act (STT Act), <\/strong>and STT Act has specifically <strong>listed various taxable securities transaction<\/strong>s, i.e., transactions on which STT is leviable.\n<ul>\n<li>Taxable securities<strong> include equities, derivatives, or equity-oriented mutual funds <\/strong>investment units (excluding commodities and currency).<\/li>\n<li>It also includes u<strong>nlisted shares sold under an offer for sale to the public included in IPO<\/strong> and where such shares are <strong>subsequently listed in stock exchanges. <\/strong><\/li>\n<li>STT is <strong>not applicable to off-market transactions <\/strong>or to <strong>commodity or currency transactions.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li>The <strong>rate of taxation <\/strong>is <strong>different for different types of securities.<\/strong><\/li>\n<li>The <strong>government <\/strong>has the authority to <strong>revise STT rates periodically.<\/strong><\/li>\n<\/ul>\n<p><strong>Hence option b is the correct answer.<\/strong><\/p>\n<p><strong>News:<\/strong><a href=\"https:\/\/www.cnbctv18.com\/market\/budget-2026-securities-transaction-tax-stt-rasied-futures-options-fm-nirmala-sitharaman-impact-19838207.htm\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.cnbctv18.com\/market\/budget-2026-securities-transaction-tax-stt-rasied-futures-options-fm-nirmala-sitharaman-impact-19838207.htm<\/a><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpProQuiz_incorrect\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: b<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>The Finance Minister recently proposed to raise the Securities Transaction Tax (STT) on both futures and options by up to 150%.<\/p>\n<p><strong>About Securities Transaction Tax (STT):<\/strong><\/p>\n<ul>\n<li>It is a <strong>direct tax<\/strong> levied on the <strong>purchase and sale of securities listed on recognised stock exchanges<\/strong> in India.<\/li>\n<li>It is <strong>levied and collected by the central government<\/strong> of India.<\/li>\n<li>It is applied<strong> irrespective of the profit or loss made <\/strong>by you in the transaction. It is<strong> levied directly on the value of the transaction. <\/strong><\/li>\n<li>STT operates similarly to Tax Deducted at Source (TDS) in that it is <strong>deducted at the time of the transaction itself. <\/strong><\/li>\n<li>The tax is <strong>paid directly to the government through<\/strong> the <strong>stock exchanges or other intermediaries<\/strong> involved in the transaction.<\/li>\n<li><strong>Introduced through the Finance Act of 2004,<\/strong> STT was designed <strong>to simplify taxation on securities trading<\/strong> and <strong>curb tax evasion<\/strong> in the capital market.<\/li>\n<li>STT is<strong> governed by the Securities Transaction Tax Act (STT Act), <\/strong>and STT Act has specifically <strong>listed various taxable securities transaction<\/strong>s, i.e., transactions on which STT is leviable.\n<ul>\n<li>Taxable securities<strong> include equities, derivatives, or equity-oriented mutual funds <\/strong>investment units (excluding commodities and currency).<\/li>\n<li>It also includes u<strong>nlisted shares sold under an offer for sale to the public included in IPO<\/strong> and where such shares are <strong>subsequently listed in stock exchanges. <\/strong><\/li>\n<li>STT is <strong>not applicable to off-market transactions <\/strong>or to <strong>commodity or currency transactions.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li>The <strong>rate of taxation <\/strong>is <strong>different for different types of securities.<\/strong><\/li>\n<li>The <strong>government <\/strong>has the authority to <strong>revise STT rates periodically.<\/strong><\/li>\n<\/ul>\n<p><strong>Hence option b is the correct answer.<\/strong><\/p>\n<p><strong>News:<\/strong><a href=\"https:\/\/www.cnbctv18.com\/market\/budget-2026-securities-transaction-tax-stt-rasied-futures-options-fm-nirmala-sitharaman-impact-19838207.htm\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.cnbctv18.com\/market\/budget-2026-securities-transaction-tax-stt-rasied-futures-options-fm-nirmala-sitharaman-impact-19838207.htm<\/a><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \n                                                <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\">\n                                                <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\">\n                        <input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\" style=\"float: right; display: none;\">\n\n                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpProQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpProQuiz_question_page\" style=\"display:none;\" >\n                            Question <span>5<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpProQuiz_header\">\n                            <span>5<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">1 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpProQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpProQuiz_question_text\">\n                                <p>Consider the following statements regarding Basic Customs Duty (BCD):<\/p>\n<ol>\n<li>It is a type of tax imposed on goods imported into India.<\/li>\n<li>It is calculated on an ad-valorem rate based on the value of goods.<\/li>\n<\/ol>\n<p>Which of the statements given above is\/are correct?<\/p>\n                            <\/div>\n                                                        <ul class=\"wpProQuiz_questionList\" data-question_id=\"798\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_798\"\n                                                       value=\"1\"> a. 1 only                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_798\"\n                                                       value=\"2\"> b. 2 only                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_798\"\n                                                       value=\"3\"> c. Both 1 and 2                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpProQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpProQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_81_798\"\n                                                       value=\"4\"> d. Neither 1 nor 2                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpProQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpProQuiz_correct\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: c<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>Bringing immediate relief to patients with cancer and rare diseases, Union Budget 2026-27 proposed a full exemption of basic customs duty on 17 cancer-related drugs and medicines.<\/p>\n<p><strong>About Basic Customs Duty (BCD):<\/strong><\/p>\n<ul>\n<li>BCD is a type of <strong>tax imposed on goods imported<\/strong> into India.<\/li>\n<li>It is <strong>levied on imported items under <\/strong>Section 12 of the <strong>Customs Act, 1962<\/strong>. The <strong>tax rate is levied as per<\/strong> the First Schedule to <strong>Customs Tariff Act, 1975.<\/strong><\/li>\n<li><strong>Purpose<\/strong>: To <strong>protect domestic industries<\/strong> from foreign competition, <strong>regulate trade,<\/strong> and <strong>generate revenue<\/strong> for the government.<\/li>\n<li>BCD is <strong>calculated as a percentage of the value of the imported goods<\/strong>, determined based on the customs tariff, i.e., it is <strong>fixed based on the ad-valorem. <\/strong><\/li>\n<li>It can significantly impact the total landed cost of the imported items.<\/li>\n<li>BCD rates <strong>usually range from 5% to 40%<\/strong> and <strong>depend on the item\u2019s category and country of origin.<\/strong><\/li>\n<li>The <strong>Central Government<\/strong> holds the<strong> power to exempt specific goods <\/strong>from tax.<\/li>\n<li>The <strong>calculation <\/strong>of BCD involves several steps:\n<ul>\n<li><strong>Classification of Goods:<\/strong> Imported goods are classified under specific Harmonized System (HS) codes, which <strong>determine the applicable duty rate.<\/strong><\/li>\n<li><strong>Assessment of Value: <\/strong>The value of the goods is assessed <strong>based on the transaction value,<\/strong> including the <strong>cost of goods, insurance, and freight (CIF).<\/strong><\/li>\n<li><strong>Application of Duty Rate:<\/strong> The BCD Tax rate is applied to the assessed value to determine the duty payable.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Hence both statements are correct.<\/strong><\/p>\n<p><strong>News:<\/strong><a href=\"https:\/\/www.thehindu.com\/business\/budget\/budget-2026-cancer-drugs-custom-duties\/article70577841.ece\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.thehindu.com\/business\/budget\/budget-2026-cancer-drugs-custom-duties\/article70577841.ece<\/a><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpProQuiz_incorrect\">\n                                                                            <span class=\"wpProQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><strong>Answer: c<\/strong><\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>Bringing immediate relief to patients with cancer and rare diseases, Union Budget 2026-27 proposed a full exemption of basic customs duty on 17 cancer-related drugs and medicines.<\/p>\n<p><strong>About Basic Customs Duty (BCD):<\/strong><\/p>\n<ul>\n<li>BCD is a type of <strong>tax imposed on goods imported<\/strong> into India.<\/li>\n<li>It is <strong>levied on imported items under <\/strong>Section 12 of the <strong>Customs Act, 1962<\/strong>. The <strong>tax rate is levied as per<\/strong> the First Schedule to <strong>Customs Tariff Act, 1975.<\/strong><\/li>\n<li><strong>Purpose<\/strong>: To <strong>protect domestic industries<\/strong> from foreign competition, <strong>regulate trade,<\/strong> and <strong>generate revenue<\/strong> for the government.<\/li>\n<li>BCD is <strong>calculated as a percentage of the value of the imported goods<\/strong>, determined based on the customs tariff, i.e., it is <strong>fixed based on the ad-valorem. <\/strong><\/li>\n<li>It can significantly impact the total landed cost of the imported items.<\/li>\n<li>BCD rates <strong>usually range from 5% to 40%<\/strong> and <strong>depend on the item\u2019s category and country of origin.<\/strong><\/li>\n<li>The <strong>Central Government<\/strong> holds the<strong> power to exempt specific goods <\/strong>from tax.<\/li>\n<li>The <strong>calculation <\/strong>of BCD involves several steps:\n<ul>\n<li><strong>Classification of Goods:<\/strong> Imported goods are classified under specific Harmonized System (HS) codes, which <strong>determine the applicable duty rate.<\/strong><\/li>\n<li><strong>Assessment of Value: <\/strong>The value of the goods is assessed <strong>based on the transaction value,<\/strong> including the <strong>cost of goods, insurance, and freight (CIF).<\/strong><\/li>\n<li><strong>Application of Duty Rate:<\/strong> The BCD Tax rate is applied to the assessed value to determine the duty payable.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Hence both statements are correct.<\/strong><\/p>\n<p><strong>News:<\/strong><a href=\"https:\/\/www.thehindu.com\/business\/budget\/budget-2026-cancer-drugs-custom-duties\/article70577841.ece\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.thehindu.com\/business\/budget\/budget-2026-cancer-drugs-custom-duties\/article70577841.ece<\/a><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \n                                                <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpProQuiz_button wpProQuiz_QuestionButton\"\n                               style=\"float: left !important; 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