Daily UPSC Current Quiz : 23 Sep 2026

With reference to the Variable Rate Reverse Repo (VRRR) operations conducted by the Reserve Bank of India, consider the following statements:

1. VRRR is an auction-based mechanism through which RBI absorbs excess liquidity from the banking system.
2. Under VRRR, RBI accepts bids starting from the highest interest rate offered by banks to the lowest.
3. VRRR operations differ from the fixed reverse repo facility, which operates at a pre-announced rate.

Which of the statements given above is/are correct?

Which of the following is not a function of the Narcotics Control Bureau (NCB)?

Consider the following pairs:
Glacier                               Location
1. Srikanta Glacier  : Uttarakhand
2. Zemu Glacier :  Sikkim
3. Bara Shigri Glacier : Himachal Pradesh
4. Drang-Drung Glacier : Ladakh
How many of the above pairs are correctly matched?

Which of the following glaciers is the source of the Nubra River?