Daily UPSC Current Quiz : 13 June 2026

Regarding the ‘Bharat Innovates 2026’ initiative, consider the following statements:

1. It is exclusively an initiative of the Ministry of Science and Technology.

2. It aims to promote ‘Deep Tech’ startups in the defense and space sectors only.

3. The initiative utilizes a ‘Quadruple Helix’ model involving government, industry, academia, and civil society. Which of the statements given above are correct?

With reference to the judicial review of electoral processes in India, consider the following statements:

1. Article 329(b) bars the courts from entertaining any challenge to an election during the period between the nomination filing and the declaration of results.

2. The Supreme Court cannot exercise its power under Article 142 to stay an election process once it has commenced.

3. An ‘Election Petition’ is the only statutory remedy available to question an election to either House of Parliament. Which of the statements given above is/are correct?

With reference to Capital Gains Tax in India, consider the following statements:

1. Long-term capital gains on equity shares are taxed at a lower rate than short-term gains to incentivize long-term retail investment.

2. The government has the power to exempt specific debt instruments from capital gains tax for foreign investors to stabilize the forex market.

3. Indexed cost of acquisition is applicable to all categories of capital assets to account for inflation. Which of the statements given above are correct?

Project Kusha’, recently in the news, is an indigenous system designed to: