DAILY UPSC CURRENT QUIZ:21 MAY 2026

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DAILY UPSC CURRENT QUIZ:21 MAY 2026

Consider the following statements regarding the economic classification and operational rules of Gold Loans in India:

  1. According to the Reserve Bank of India guidelines, all commercial banks must strictly maintain a uniform Loan-to-Value (LTV) ratio of 95% for gold loans to cushion against domestic retail inflation.

  2. If a micro-entrepreneur or a small farmer secures a loan by pledging gold jewelry to fund business operations or agricultural inputs, such credit can be structurally factored under the Priority Sector Lending (PSL) targets.

  3. High growth in the gold loan portfolio of banks automatically spikes their Gross Non-Performing Assets (GNPA) because gold is highly vulnerable to physical depreciation over the loan tenure.

Which of the statements given above is/are correct?

With reference to international literary awards, consider the following statements regarding the ‘International Booker Prize’:

  1. It is awarded annually for a book of long-form fiction or short story collection written in any language, provided it is translated into English and published in the United Kingdom or Ireland.

  2. The monetary value of the prize is awarded entirely to the original author, while the translator is recognized with a citation of honor.

  3. The 2026 prize marked a historical milestone as it was conferred upon a work originally written in Mandarin Chinese.

Which of the statements given above are correct?

Consider the following pairs of military drones/loitering munitions and their respective countries of origin or development:

No. Military Drone / Munition Country of Origin
1. Bayraktar TB2 Turkey
2. Shahed-136 Iran
3. Hermes 900 Israel
4. S-70 Okhotnik China

Which of the pairs given above is/are NOT correctly matched?

With reference to the Environmental Impact Assessment (EIA) process in India, consider the following statements:

  1. The statutory power to mandate and regulate EIA clearances in India is derived directly from the Wildlife (Protection) Act, 1972.

  2. The EIA process categorizes developmental projects into Category A and Category B based on their spatial extent and potential impacts on human health and natural resources.

  3. Category A projects require mandatory prior environmental clearance from the Central Government, completely bypassing the scoping stage of the assessment.

Which of the statements given above is/are correct?

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