Daily Current Affairs MCQs: 2026-03-04 with solutions Attempt Free MCQ

1. Standards and Labelling (S&L) Scheme - Provides star-rating labels on appliances: Correctly matched. This scheme indeed provides star-rating labels on appliances like refrigerators and air conditioners to inform consumers about their energy efficiency.
2. Perform, Achieve and Trade (PAT) - Supports MSMEs in adopting energy-efficient technologies: Incorrectly matched. The PAT scheme is a market-based mechanism incentivizing large energy-intensive industries to meet specific energy efficiency targets, not specifically focused on MSMEs.
3. Energy Conservation Building Codes (ECBC) - Offers guidelines for energy-efficient building design: Correctly matched. ECBC provides guidelines for designing energy-efficient buildings and promotes sustainable construction practices.
4. National Energy Conservation Awards (NECA) - Market-based mechanism to incentivize industries: Incorrectly matched. NECA is an annual recognition program that honors outstanding achievements in energy efficiency across various sectors, not a market-based mechanism like PAT.
Pairs 1 and 3 are correctly matched, while pairs 2 and 4 are incorrectly matched. Therefore, the correct answer is Option B: Only two pairs.

The Innovators Business Environment Index (IBEI) primarily assesses national business environments based on their accessibility, predictability, and low-friction systems for innovators. Unlike other metrics that focus on startup success rates, the IBEI emphasizes the foundational inputs and enabling conditions necessary for starting and scaling businesses, making it a crucial tool for evaluating the business landscape in different countries.

- Statement 1 is correct. Under the EASE 9.0 agenda, public sector banks are indeed focusing on transitioning to active-active data centre models. This approach enhances business continuity and resilience by ensuring that data centres remain operational without interruptions, thus supporting the banks' ability to maintain continuous service.

- Statement 2 is correct. The EASE 9.0 agenda includes a strategy to establish global capability centres (GCCs) by FY 2026-27. The State Bank of India (SBI) is leading this initiative, having already set up its first GCC in Karnataka. This step is part of a broader effort to build strategic capacities within public sector banks.

- Statement 3 is correct. BFSI Global Capability Centres (GCCs) are strategically located in talent-rich regions of India, such as Bengaluru and Hyderabad. These locations are chosen for their availability of skilled professionals who can support the high-value functions of GCCs, such as risk management and fintech innovation.

Thus, all three statements are correct, making Option D the correct choice.

Statement-I is correct as the Bureau of Energy Efficiency (BEE) was indeed established by the Government of India in 2002 under the Energy Conservation Act, 2001. Statement-II is also correct as the Standards and Labelling (S&L) Scheme does provide star-rating labels on various appliances to inform consumers about their energy efficiency and potential savings. Furthermore, Statement-II explains the purpose and function of the BEE, which aligns with Statement-I, making both statements correct and logically connected.

Statement-I is correct as it highlights the reforms being implemented by public sector banks in India under the EASE 9.0 agenda to enhance their technology capabilities and productivity. Statement-II is also correct as it describes how missile defence systems work by utilizing a combination of technologies to counter threats. However, Statement-II does not directly explain or relate to Statement-I, making option (b) the correct choice.

Option B is correct: statements 1 and 3 are correct; statement 2 is incorrect.

Statement 1 is correct. Guru Tegh Bahadur was recognised as the ninth Sikh Guru after being identified by Makhan Shah Labana at Bakala.

Statement 2 is incorrect. The city of Amritsar was founded by Guru Ram Das, not Guru Tegh Bahadur. Guru Tegh Bahadur established a settlement known as Chakk Nanki, which is historically associated with Anandpur Sahib. His teachings upheld the monotheistic principle of belief in one God, not devotion to multiple deities.

Statement 3 is correct. His execution in 1675 on the orders of Aurangzeb is commemorated as a martyrdom for defending religious freedom, including his stand to protect communities facing forced conversion.

Therefore, the correct choice is Option B (statements 1 and 3 only).

- Statement 1: The statement is incorrect. The Innovators Business Environment Index (IBEI) 2026 evaluates foundational business conditions, focusing on the inputs and enabling conditions necessary for starting and scaling businesses, rather than the success rates of startups in terms of revenue and growth.

- Statement 2: This statement is correct. The United States secured the 1st position in the IBEI 2026 rankings with a perfect score of 100.

- Statement 3: This statement is correct. India ranked 54th globally with a score of 55.035, outperforming China, which was placed 85th.

Thus, only statements 2 and 3 are correct. Therefore, the correct answer is Option C: 2 and 3 Only.

1. GCC Strategy and Leadership - State Bank of India (SBI) is leading the initiative: Correct. The State Bank of India is indeed leading the GCC strategy initiative by establishing the first Global Capability Centre among state-run banks in Karnataka.

2. Technology Infrastructure Plans - Focus on developing AI stacks and implementing data tokenisation: Correct. The EASE 9.0 agenda mentions the development of core AI stacks and implementing data tokenisation and anonymisation as part of the technology infrastructure plans.

3. Collaborative Solutions - Involves the use of blockchain technology: Correct. The reforms include collaboration among public sector banks to offer comprehensive banking solutions by leveraging technologies such as blockchain.

4. BFSI GCC Evolution - Focuses only on cost arbitrage models: Incorrect. BFSI GCCs have evolved beyond cost arbitrage models to become centres of excellence focusing on proprietary capabilities such as AI, ML, cybersecurity, and more.

Thus, three pairs are correctly matched.

Guru Tegh Bahadur was recognized as the ninth Sikh Guru in 1664 by a trader named Makhan Shah. This recognition was pivotal in his journey towards becoming the Guru and his subsequent contributions to Sikhism.

1. Guru Tegh Bahadur - Founded Anandpur Sahib: Correct. Guru Tegh Bahadur founded Chak Nanki, which is now known as Anandpur Sahib.

2. Tyag Mal - Title given to Guru Tegh Bahadur: Correct. Guru Tegh Bahadur was initially named Tyag Mal due to his ascetic nature before he was titled "Tegh Bahadur" after displaying bravery in battle.

3. Hind di Chadar - Title given by Guru Gobind Singh to Guru Tegh Bahadur: Correct. Guru Gobind Singh honored Guru Tegh Bahadur with the title "Hind di Chadar," meaning "the Protector of India's Conscience and Dharma."

4. Guru Tegh Bahadur - Executed at Red Fort: Incorrect. Guru Tegh Bahadur was executed at Chandni Chowk in Delhi, not at the Red Fort.

Thus, three pairs are correctly matched.