Question 4 - Consider the following situation in the forex market:

The exchange rate in the onshore market is ₹83/$, while in the offshore (NDF) market it is ₹85/$. A bank engages in arbitrage by buying and selling dollars across these markets. Which of the following represents the profit earned per dollar through this arbitrage?

A. ₹1
B. ₹2
C. ₹3
D. ₹5
E. No profit

Answer – Option B
Explanation: In arbitrage, the bank buys dollars at the lower price (₹83) in the onshore market and sells at the higher price (₹85) in the offshore market. The profit earned is the difference, i.e., ₹85 − ₹83 = ₹2 per dollar.

Question 5 - What is the minimum investment amount required for an investor in an Alternative Investment Fund (AIF) in India?

A. ₹1 lakh
B. ₹10 lakh
C. ₹50 lakh
D. ₹1 crore
E. ₹25 lakh

Answer – Option D
Explanation: As per SEBI (AIF) Regulations, the minimum investment per investor is ₹1 crore. This threshold ensures participation by high-net-worth and sophisticated investors.

Question 6 - In which category of Alternative Investment Funds (AIFs) is the exposure to derivatives and complex trading strategies the highest, implying significantly higher risk?

A. Category I AIF
B. Category II AIF
C. Category III AIF
D. All categories have equal exposure
E. Only Category I & II

Answer – Option C
Explanation: Category III AIFs employ diverse and complex trading strategies, including significant use of derivatives, leverage, and short selling. This makes them the riskiest among AIF categories, unlike Category I and II, which have stricter investment norms and limited use of leverage.

Question 7 - Which of the following best explains the impact of increased gold demand on India’s Current Account Deficit (CAD)?

A. Increased gold imports lead to higher outflow of foreign exchange, widening CAD
B. Higher gold demand boosts exports, improving CAD
C. Increased gold demand reduces imports, lowering CAD
D. Gold demand has no impact on CAD as it is a domestic commodity
E. Increased gold demand strengthens the Rupee, reducing CAD

Answer – Option A
Explanation: India imports most of its gold; hence, a rise in gold demand increases imports, leading to higher outflow of foreign exchange. This widens the Current Account Deficit as import payments exceed export earnings, also putting depreciation pressure on the Rupee.

Question 8 - Which of the following are traded on stock exchanges?

A. AIF Category I units
B. AIF Category II units
C. AIF Category III units
D. REITs units
E. Only A and B

Answer – Option D
Explanation: REIT units are mandatorily listed and traded on stock exchanges, providing liquidity to investors. In contrast, AIFs (Categories I, II, and III) are privately pooled investment vehicles and are generally not traded on exchanges, with limited exit options through secondary transfers.

Question 9: What is considered the ideal NPK (Nitrogen:Phosphorus:Potassium) ratio in India for balanced fertiliser use?

A. 2:1:1
B. 4:2:1
C. 6:2.4:1
D. 8:3:1
E. 1:1:1

Answer – Option B
Explanation: The ideal NPK ratio in India is 4:2:1, reflecting balanced nutrient application. However, due to excessive use of nitrogen-based fertilisers (like urea), the actual ratio often deviates significantly, leading to soil degradation and reduced agricultural productivity.

Question 10: Under the AgriStack initiative, the Government aims to generate approximately how many Farmer IDs by the end of the 2026–27 financial year?

A. 5 crore
B. 8 crore
C. 10 crore
D. 11 crore
E. 15 crore

Answer – Option D
Explanation: As part of the AgriStack initiative, the government aims to create a comprehensive Farmer Registry with unique digital IDs. The target is to generate around 11 crore Farmer IDs by the end of FY 2026–27 to enable efficient and targeted delivery of agricultural services.

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Message of Mentor (MoM)
Topic: Be happy! That’s it

In the middle of targets, timelines, exams, and expectations, pause for a moment.

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Be happy with small wins.

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Not every day needs to be perfect.

Not every plan needs to go right.

Just choose to stay light, calm, and hopeful.

A happy mind learns better, performs better, and lives better.

That’s it. Be happy

Good Night

Happy Teachers
From Team Chapterss

🌤️ Good Morning, Future Officers!

Today’s Positive Manifestation

“Today, I am like a tree, deeply rooted in discipline, steady in storms, and growing silently every day.”

“आज मैं एक वृक्ष की तरह हूँ — मेरी जड़ें अनुशासन में गहरी हैं, मैं आंधियों में भी स्थिर रहता हूँ, और हर दिन चुपचाप बढ़ता हूँ।”

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A tree does not rush its growth.
It stands firm, absorbs sunlight, and keeps growing, season after season.

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- Startup India Fund of Funds 2.0
- e-SafeHER Programme
- National Agriculture Market (e-NAM)
- All India Consumer Price Index (CPI)
- 8th Poshan Pakhwada
- National Career Service (NCS)
- Anusandhan National Research Foundation

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Desperate measures in desperate times?

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Dear students,

We have uploaded the detailed analysis of 4 important editorials today in the Current Affairs Package.

Today’s Articles:
• RBI Extends Export Credit Relief Amid West Asia Crisis
• Priced out of India’s Digital Revolution by Debasish Panda
• RBI’s Growth-Inflation Dilemma: The End of the Goldilocks Period by Manojit Saha
• Benchmark Bond Yield Seen Testing 7.25%

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B. 450 days credit period and 15 months repatriation window
C. 270 days credit period and 9 months repatriation window
D. 180 days credit period and 12 months repatriation window
E. 300 days credit period and 18 months repatriation window

Answer 1 – Option B
Explanation: RBI has extended the export credit period to 450 days and allowed exporters up to 15 months to realize and repatriate export proceeds. Other options mention incorrect combinations of timelines.

Question 2 - A disruption in the Red Sea shipping route has forced global vessels to take longer routes, increasing freight costs significantly. As a result, Indian exporters have started raising prices to maintain margins. However, this has led to reduced demand from international buyers, while domestic production levels have also started declining due to lower orders.

The above situation best illustrates which of the following concepts?

A. Domino Effect
B. Multiplier Effect
C. Ripple Effect
D. Liquidity Trap
E. Moral Hazard

Answer 2 – Option C
Explanation: The ripple effect refers to a situation where one event leads to multiple simultaneous impacts across different areas. Here, shipping disruption leads to higher costs, reduced demand, and lower production simultaneously, making Ripple Effect the correct answer.

Question 3: With reference to the term “Goldilocks period” in macroeconomics, consider the following statements:

1. It refers to a situation where economic growth is high while inflation remains low.
2. It represents an overheated economy with very high inflation and rapid growth.
3. It is considered an ideal condition for central banks as minimal policy intervention is required.

Which of the following statements is/are correct?

A. 1 only
B. 1 and 3 only
C. 2 and 3 only
D. 1 and 2 only
E. 1, 2 and 3

Answer – Option B
Explanation: A Goldilocks period is characterized by high growth with low and stable inflation, making Statement 1 correct. It is not an overheated economy, so Statement 2 is incorrect. Such a scenario places the economy in a “sweet spot,” requiring minimal intervention from central banks, making Statement 3 correct.

Question 4: When inflation expectations increase, investors tend to sell existing bonds. In such a scenario, bond prices __ and yields __.

A. rise, rise
B. rise, fall
C. remain same, fall
D. fall, rise
E. remain same, rise

Answer 4 – Option D
Explanation: Rising inflation reduces the real return from bonds, leading investors to sell them. This causes bond prices to fall, and since price and yield move inversely, yields rise.

Question 5: During periods of high global uncertainty, investors increase their demand for government bonds. As a result, bond prices __ and yields __.

A. fall, fall
B. fall, rise
C. remain same, rise
D. rise, rise
E. rise, fall

Answer 5 – Option E
Explanation: Increased demand for safe assets like government bonds pushes bond prices up. Since bond prices and yields move in opposite directions, yields fall.

📢 Dear Future Officers,

Today’s Current Affairs Quiz (13th April) has been uploaded on the portal.

🧠 The quiz includes 30 questions covering:

- Startup India Fund of Funds 2.0
- e-SafeHER Programme
- National Agriculture Market (e-NAM)
- All India Consumer Price Index (CPI)
- 8th Poshan Pakhwada
- National Career Service (NCS)
- Anusandhan National Research Foundation

And other important news from today’s Current Affairs chapter.

If you are ready to improve, you can access the full quizzes through the following ways:

Click here to attempt quiz in Current Affairs Chapter April 2026: Rs 51

or

Click here to attempt quiz in Current Affairs Package: Rs 100/month for entire year (Recommended ⭐)

-- Team Chapterss

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Message of Mentor (MoM)
Topic: Prank

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Jalaj and Devanshu
— Team Chapterss