Current Affairs Quiz — 13 October 2026
Economy
Q1. Under the operational guidelines for Government of India dated securities auctions, what percentage of the notified amount is allotted under the Scheme for Non-competitive Bidding Facility?
Show answer
Answer: A. 5%
The Reserve Bank of India provides a non-competitive bidding facility to encourage retail and mid-segment investor participation in government securities auctions without requiring them to quote a yield or price. Under this facility, eligible investors receive securities at the weighted average rate of successful competitive bids.
“In all the auctions, Government security up to 5% of the notified amount for sale of individual security will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities.”
Source: Auction of Government of India Dated Security ↗Schemes
Q2. Under the Post Graduate Indira Gandhi Scholarship for Single Girl Child scheme, what is the annual financial assistance provided to eligible students?
Show answer
Answer: C. ₹36,200 per annum
The Post Graduate Indira Gandhi Scholarship for Single Girl Child is an initiative implemented through the University Grants Commission to support single daughters pursuing non-professional master's degrees. The scheme awards 3,000 fresh scholarships annually to lower the direct cost of higher education.
“Financial assistance of ₹36,200 per annum for the complete duration of the postgraduate course.”
Source: Post Graduate Indira Gandhi Scholarship For Single Girl Child ↗Schemes
Q3. Under the SAMRIDH scheme launched by the Ministry of Electronics and Information Technology, what is the maximum government investment provided per beneficiary startup?
Show answer
Answer: A. ₹40 lakh
The SAMRIDH scheme aims to scale early-stage IT ventures by pairing government funding with matching private capital through recognised accelerators. It helps startups gain mentorship, refine products, and access international markets.
“Government investment of up to ₹40 lakh per beneficiary startup (with an average of ₹30 lakh per startup per cohort).”
Source: SAMRIDH – Startup Accelerators of MeitY for Product Innovation, Development & Growth ↗Schemes
Q4. Under the Venture Capital Fund for Scheduled Castes (VCF-SC), what is the concessional interest rate per annum on debt and convertible instruments for SC women and disabled entrepreneurs?
Show answer
Answer: C. 3.75% per annum
The Venture Capital Fund for Scheduled Castes is implemented by the Ministry of Social Justice and Empowerment to foster entrepreneurship among SC youth. It provides growth capital and concessional debt with preferential rates for women and entrepreneurs with disabilities.
“Concessional interest rate of 4% per annum on debt and convertible instruments (reduced to 3.75% per annum for SC women and disabled entrepreneurs).”
Source: Venture Capital Fund for Scheduled Castes ↗Awards
Q5. What was the Petrochemicals Research & Innovation Commendation (PRIC), launched by the Ministry of Chemicals and Fertilizers, formerly known as?
Show answer
Answer: C. National Petrochemicals Awards
The Petrochemicals Research & Innovation Commendation recognizes groundbreaking advancements and eco-friendly technologies across industry and academia. The initiative was formerly administered under the name National Petrochemicals Awards.
“Formerly known as the National Petrochemicals Awards, the programme incentivises sustainable advancements, indigenous technologies, and waste management solutions across academia, startups, and industries.”
Source: Petrochemicals Research & Innovation Commendation ↗Awards
Q6. Under the National Startup Awards organized by DPIIT, what is the cash prize awarded to one winning startup in each category?
Show answer
Answer: B. ₹10,00,000
The National Startup Awards recognize high-potential startups that build scalable solutions and drive social impact. Along with monetary awards, the initiative facilitates procurement opportunities and mentorship support.
“A cash prize of ₹10,00,000 awarded to one winning startup in each category by DPIIT.”
Source: National Startup Awards ↗Schemes
Q7. Under the Scheme for Grant of Rewards to the Children of Salt Labourers, what is the minimum reservation of awards for female students in each state?
Show answer
Answer: B. 50%
Administered by DPIIT, the scheme provides financial incentives to children of salt workers to support their continuing education. It ensures gender equity by reserving half of the annual awards for girl students.
“At least 50% of the awards in each state are reserved for female students.”
Source: Scheme For Grant Of Rewards To The Children Of Salt Labourers ↗Schemes
Q8. Under the Startup India Seed Fund Scheme for Incubators, what is the maximum milestone-based grant provided to an eligible incubator?
Show answer
Answer: B. ₹5 crore
The Startup India Seed Fund Scheme empowers incubators to financially assist early-stage innovative startups. Incubators disburse these grants and debt instruments to ventures for prototype development and market entry.
“Milestone-based grant of up to ₹5 crore provided in three or more instalments.”
Source: Startup India Seed Fund Scheme- For Incubators ↗Schemes
Q9. Under the Startup India Seed Fund Scheme for Startups, what is the maximum grant amount provided for validation of Proof of Concept, prototype development, or product trials?
Show answer
Answer: C. ₹20 Lakhs
The Startup India Seed Fund Scheme provides seed funding to early-stage startups that often struggle to secure conventional bank loans or venture capital. It offers milestone-based grants for prototyping alongside debt capital for commercial scaling.
“Up to ₹20 Lakhs as a grant for validation of Proof of Concept, prototype development, or product trials, released in milestone-based instalments.”
Source: Startup India Seed Fund Scheme- For Startups ↗