{"id":85615,"date":"2026-02-02T17:46:21","date_gmt":"2026-02-02T12:16:21","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=85615"},"modified":"2026-02-06T07:52:25","modified_gmt":"2026-02-06T02:22:25","slug":"upsc-daily-quiz-2-february-2026","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/upsc-daily-quiz-2-february-2026\/","title":{"rendered":"UPSC Daily Quiz 2 February 2026"},"content":{"rendered":"        <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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