What is the primary objective of the Indian Carbon Market?

Reduce emissions through trading - The carbon market uses a cap-and-trade system to limit emissions and allow trading of carbon credits.

What does 1 carbon credit represent?

10 tons CO2 - Standard definition: 1 credit = 1 ton of CO2 emission reduction.

Which body implements the Indian Carbon Market?

BEE - Bureau of Energy Efficiency is responsible for implementation.

Cap-and-trade system refers to:

Emission limits with trading - Industries get emission caps and can trade surplus credits.

The Nd-Fe-B magnet consists of which elements?

Neodymium, Iron, Boron - Nd-Fe-B stands for Neodymium-Iron-Boron magnets.

Nd-Fe-B magnets are mainly used in:

Electric vehicles - They are used in EVs, wind turbines, and electronics.

Which institution developed the rare earth magnet plant?

ARCI - ARCI Hyderabad developed the pilot facility.

Bihar Budget 2026-27 size is:

₹3.12 lakh crore - The article clearly states the budget size.

Bihar’s fiscal deficit is maintained below:

3.50% - Fiscal deficit is 3.49%, within FRBM limits.

Institute for Economics and Peace - GTI report is published by IEP.

Which country ranked first in GTI 2026?

Pakistan - Pakistan topped due to increased terrorism impact.

India’s rank in GTI 2026 is:

13 - India improved to 13th position globally.

Sahel region accounts for what share of terrorism deaths?

50% - Over 50% of global terrorism deaths occur in Sahel.

CGSMFI 2.0 is related to:

Microfinance - It supports MFIs and low-income borrowers.

CGSMFI 2.0 is implemented by:

NCGTC - National Credit Guarantee Trustee Company manages it.

Daily Current AffairsFree quiz

Daily Current Affairs Quiz – 24 March 2026 (SSC, Banking, UPSC)

This quiz covers key updates including the Indian Carbon Market, GTI 2026, Bihar Budget, AI initiatives, railway safety, and climate indicators. Designed for SSC, Banking, UPSC, and other competitive exams with mixed difficulty levels.

Questions: 15
Timer: 5 min
Total marks: 19

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Daily Current Affairs Quiz – 24 March 2026 (SSC, Banking, UPSC)

Daily Current Affairs 28 October 2026: Important GK Updates for UPSC, SSC, Banking & Railways Exams

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