Daily Current Affairs MCQs: 2026-02-07 with solutions - Bank Exams Attempt

The RBI's proposed framework for compensation in cases of small-value digital fraud sets a cap of Rs. 25,000. This initiative aims to enhance customer protection in digital transactions, particularly focusing on instances of fraud where recovery is challenging, thereby building trust in digital payment systems.

One of the significant features of the India-EU Trade Deal is the enhancement of defence and security cooperation. This includes plans for joint exercises and institutional arrangements, especially concerning the Indo-Pacific region, which reflects a broader strategic alignment between India and the EU amidst evolving geopolitical dynamics.

India is hesitant to fully cease imports of Russian crude oil primarily due to technical and commercial constraints. These include difficulties in switching crude grades quickly, issues related to pricing and long-term contracts, and logistical limitations in increasing supplies from alternative sources. This strategic flexibility ensures India's energy security amidst changing geopolitical conditions.

The revision of India's startup recognition framework was prompted by the low representation of deep tech startups, which accounted for only about 10% of recognized startups in 2024. The updated framework aims to foster innovation aligned with India's goals in emerging technologies, thereby encouraging a more robust ecosystem for deep tech ventures.

The rat-hole mining tragedy in Meghalaya highlights significant regulatory enforcement failures. Despite judicial bans on illegal mining practices, such activities persist, resulting in tragic incidents like the explosion that killed 25 miners. This situation underscores the need for effective governance and regulatory measures to protect workers and the environment.

The RBI has revised India's GDP growth projection upward to 7.4% for FY 2026. This optimistic outlook reflects expected economic growth supported by recent trade agreements and fiscal measures aimed at enhancing household disposable income and consumer spending.

A notable aspect of the RBI's proposed compensation framework is that customers may receive compensation even if they shared their OTPs under coercion. This provision aims to protect consumers further and acknowledges the vulnerability of individuals in digital transactions.

The challenges in achieving the 1.5°C target emphasize the significant gap between ambitious international commitments and the actual progress made in reducing global emissions. Political interests and economic incentives often supersede environmental obligations, leading to a culture of inaction despite the urgency of the climate crisis.

A neutral policy stance from the RBI indicates a readiness to adapt to changing economic conditions. This approach allows flexibility in monetary policy, enabling the RBI to balance growth support while monitoring inflation and other economic indicators effectively.

The India-EU trade agreement aims to foster joint initiatives in technology standards and digital infrastructure. This collaboration is essential for enhancing sovereignty and reducing vulnerabilities, especially in an increasingly interconnected global landscape, thereby promoting innovation and technological advancement in both regions.