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Daily-mcqs 24 Sep 2026
Q1:
Consider the following statements regarding the Variable Rate Reverse Repo (VRRR) and the Liquidity Adjustment Facility (LAF) of the RBI: Which of the statements given above is/are correct?
A: 1 and 2 only
B: 3 only
C: 2 and 3 only
D: 1, 2, and 3
Answer: B
Explanation:
Statement 1 is incorrect: Unlike a fixed-rate reverse repo, a Variable Rate Reverse Repo (VRRR) involves an auction mechanism where the interest (cut-off) rate is market-determined based on the bids submitted by commercial banks.
Statement 2 is incorrect: The Standing Deposit Facility (SDF) does serve as the floor of the LAF corridor, but a key feature of the SDF is that it allows the RBI to absorb liquidity without collateral (unlike traditional collateralized reverse-repo operations).
Statement 3 is correct: The primary goal of conducting overnight or term VRRR auctions is to suck out excess or transient systemic liquidity, preventing overnight rates (like the Weighted Average Call Rate) from falling below the policy repo rate.
Q2:
Consider the following statements regarding the recently signed US–Denmark–Greenland defence agreement: Which of the statements given above is/are correct?
A: 1 and 2 only
B: 2 only
C: 2 and 3 only
D: 1, 2, and 3
Answer: C
Explanation:
Statement 1 is incorrect: The agreement does not transfer any Greenlandic territory or sovereignty to the United States. It explicitly reaffirms Denmark's sovereignty and territorial integrity while recognizing Greenland’s right to self-determination. It is a defence expansion, not a territorial acquisition.
Statement 2 is correct: The pact allows the US to establish two new defence areas: Narsarsuaq (southern Greenland, a former WWII base) and Mestersvig (eastern Greenland, tied to Danish operations).
Statement 3 is correct: The agreement strengthens NATO integration by barring non-NATO countries from setting up manned/unmanned military installations or having a persistent military presence on the island.
Q3:
With reference to Greenland, consider the following statements: Which of the statements given above is/are correct?
A: 1 and 2 only
B: 2 only
C: 2 and 3 only
D: 1, 2, and 3
Answer: A
Explanation:
Statement 1 is correct: Greenland is the world’s largest non-continental island. Roughly 80% of it is covered by the Greenland Ice Sheet, which is the second-largest ice sheet globally (after Antarctica) and the largest in the Northern Hemisphere.
Statement 2 is correct: The coastal margins are ice-free and rugged, while the highest point on the island is Gunnbjørn Fjeld at 3,694 meters.
Statement 3 is incorrect: Greenland is not an independent sovereign state; it is a self-governing territory within the Kingdom of Denmark. Denmark retains constitutional responsibility for key areas like foreign affairs and national defence.
Q4:
Consider the following statements regarding Hepatitis B and Hepatitis C: Which of the statements given above are correct?
A: 1 only
B: 2 only
C: Both 1 and 2
D: None
Answer: C
Explanation:
Statement 1 is correct: Hepatitis B virus (HBV) belongs to the Hepadnaviridae family and is a double-stranded DNA virus. Hepatitis C virus (HCV) belongs to the Flaviviridae family and is a single-stranded RNA virus.
Statement 2 is correct: Safe and effective vaccines are available to prevent Hepatitis B, which are also integrated into childhood immunization programs. However, due to the high genetic variability of the Hepatitis C virus, no vaccine is currently available for Hepatitis C.
Q5:
With reference to the National Viral Hepatitis Control Programme (NVHCP) in India, consider the following statements: Which of the statements given above are correct?
A: 1 and 2 only
B: 2 only
C: 2 and 3 only
D: 1, 2, and 3
Answer: A
Explanation:
Statement 1 is correct: The Government of India launched the National Viral Hepatitis Control Programme (NVHCP) in 2018. It aims to achieve the countrywide elimination of Hepatitis B and C by 2030, supporting the global targets set by the World Health Organization (WHO) and aligning with Sustainable Development Goal 3.3, which aims to combat communicable diseases.
Statement 2 is correct: Under the umbrella of the national program, the government provides free diagnosis and treatment (including antiviral drugs and DAAs) to patients suffering from viral hepatitis to reduce out-of-pocket expenditure and widen access to healthcare.
Statement 3 is incorrect: The NVHCP is not limited to a treatment-centric model. It follows a comprehensive, people-centred strategy that emphasizes prevention alongside care. Key preventive interventions include Hepatitis B vaccination under the Universal Immunization Programme (UIP), antenatal screening of pregnant women to prevent mother-to-child transmission, safe blood transfusion protocols, and massive public awareness campaigns.