UPSC PRELIMS + MAINS CURRENT AFFAIRS DAILY TEST SERIES: 27 OCTOBER 2025

(MONTHLY COMPILATION OF PRELIMS Current Affairs Daily TEST MCQs (One Month 150 MCQs) with Answers and Explanations and MAINS current issue model (25 Q) are available in PDF FORMAT (Rs 120 for one month and Rs 1300 for one year ). CONTACT US on WhatsApp: 9818187354/7428811251.

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Question: Despite government backing, India’s municipal ——————- source of financing for Smart Cities. (GS-3)

TODAY’S UPSC PRELIMS CURRENT AFFAIRS TEST ([email protected])

Question: Consider the following statements:
Statement I: Stablecoins are cryptocurrencies designed to maintain a stable value.
Statement II: Stablecoins value is pegged to fiat currencies, commodities, or financial instruments.
Statement III: Stablecoins are immune to all forms of financial manipulation because they are blockchain-based.
Which one of the following is correct in respect of the above statements?
(a) Both Statement II and Statement III are correct and both of them explain statement I.
(b) Both Statement II and Statement III are correct but only one of them explains statement I.
(c) Only one of the Statements II and Statement III are correct and that statement explains statement I.
(d) Neither Statement II nor Statement III is correct.

Question: Consider the following statements regarding the SWAMIH Fund:
1. SWAMIH Investment Fund-I is structured as an Alternative Investment Fund (AIF).
2. The fund’s investment manager is RBI.
3. There is no limit of investments in SWAMIH Investment Fund-I by regulated entities (REs).
Which of the statements given above is/are correct?
(a) 3 only
(b) 1 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3

Question: The Duty-Free Tariff Preference (DFTP) Scheme of India is primarily aimed at:
(a) Providing subsidies to Indian exporters
(b) Granting tariff preferences on imports from Least Developed Countries (LDCs)
(c) Promoting exports to developed countries
(d) Reducing customs duty on luxury goods

Question: Consider the following statements:
Statement I: The net-worth effect from rising gold prices has little to no influence on actual spending behaviour in India.
Statement II: The strong rural tendency to invest in gold means that steep price increases can squeeze consumption rather than boost it.
Statement III: Rising gold prices may encourage households or small businesses to divert money toward gold trading for short-term gains.
Which one of the following is correct in respect of the above statements?
(a) Both Statement II and Statement III are correct and both of them explain statement I.
(b) Both Statement II and Statement III are correct but only one of them explains statement I.
(c) Only one of the Statements II and Statement III are correct and that statement explains statement I.
(d) Neither Statement II nor Statement III is correct.

Question: With reference to municipal bonds in India, consider the following statements:
1. Amdavad Municipal Corporation is the first urban local body to issue municipal bonds in India.
2. Ghaziabad has issued India’s First Green Municipal Bond.
3. Municipal bonds can be used as collateral for repo and reverse repo transactions.
Which of the statements given above is/are correct?
(a) 3 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3

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