Practice Today Current Affairs MCQ for 11 September 2026 with answers, detailed explanations and Prelims takeaways for UPSC, BPSC, UPPCS and State PCS.
Current Affairs MCQ | 11 September 2026
UPSC | BPSC | UPPCS | State PCS
Prelims + Current-to-Static Revision
How to Use: First attempt the question without opening the answer.
Then click “View Answer & Explanation” to check the correct option and revise the linked static concept.
Q1
With reference to the Digital Labour Chowk initiatives for Building and Other Construction Workers (BOCW), consider the following statements:
1. Nine States/UTs are taking forward State BOCW Digital Labour Chowk initiatives.
2. Bihar and West Bengal are associated with Labour Chowk-cum-Facilitation Centres.
3. The initiative is intended exclusively for organised-sector factory workers.
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
View Answer & Explanation
Answer: B. 1 and 2 only
The initiative concerns Building and Other Construction Workers, a largely informal and mobile workforce. Nine States/UTs are taking forward Digital Labour Chowk initiatives, while Bihar and West Bengal are linked with Labour Chowk-cum-Facilitation Centres.
Bihar Special: The Bihar model is important for questions on migrant labour, social security, informal employment and digital governance.
Q2
A major objective of a Digital Labour Chowk is to:
A. Replace all labour laws with a mobile application
B. Connect workers, employment opportunities and welfare services through a digital platform
C. Restrict interstate movement of construction workers
D. Eliminate State BOCW Welfare Boards
View Answer & Explanation
Answer: B
Digital Labour Chowks seek to improve job matching, worker registration and access to welfare benefits. Their importance is especially high for migrant construction workers whose employment is often temporary and geographically mobile.
Prelims Takeaway: Digitalisation should be seen as a tool for portability and welfare access, not as a replacement for labour institutions.
Q3
With reference to the Digital Rupee-based DBT pilot in the Public Distribution System, consider the following statements:
1. It is being tested for payment of Fair Price Shop dealer margins.
2. The pilot has already operated in Gujarat and Puducherry.
3. It proposes to immediately replace physical foodgrain distribution with cash transfers nationwide.
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
View Answer & Explanation
Answer: B. 1 and 2 only
The pilot concerns Digital Rupee-based DBT for Fair Price Shop dealer margins. It does not represent a nationwide replacement of foodgrain entitlements with cash.
Q4
Which one of the following best distinguishes UPI from the Digital Rupee (e₹)?
A. UPI is issued by the RBI, whereas e₹ is issued by commercial banks.
B. UPI is a payment system, whereas e₹ is sovereign digital currency and an RBI liability.
C. Both are privately issued cryptocurrencies.
D. Digital Rupee can be used only for international payments.
View Answer & Explanation
Answer: B
UPI is primarily a payment rail through which bank-account money is transferred. The Digital Rupee is a Central Bank Digital Currency and represents a direct liability of the RBI.
Prelims Trap: CBDC ≠ Cryptocurrency and CBDC ≠ UPI.
Q5
BRICS finance ministers and central bank governors recently called for reforms in which of the following institutions?
1. International Monetary Fund
2. World Bank
3. Global development financial institutions
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
View Answer & Explanation
Answer: D
BRICS finance chiefs have called for international financial institutions to become more representative, transparent and accountable, reflecting the growing share of emerging economies in global output.
Q6
The BRICS Payment Task Force is associated primarily with:
A. Creation of a BRICS military alliance
B. Improving cross-border payment systems
C. Establishing a common BRICS Parliament
D. Fixing a common tariff on all imports
View Answer & Explanation
Answer: B
BRICS countries are examining more efficient, cost-effective and secure cross-border payment arrangements.
Important: Payment-system cooperation should not automatically be interpreted as creation of a common BRICS currency.
Q7
India and Russia have set a target of increasing bilateral trade to approximately:
A. US$50 billion by 2028
B. US$75 billion by 2035
C. US$100 billion by 2030
D. US$200 billion by 2030
View Answer & Explanation
Answer: C. US$100 billion by 2030
India and Russia aim to expand bilateral trade from roughly US$70 billion in 2024–25 to around US$100 billion by 2030.
Static Link: India–Russia relations include energy, defence, nuclear power, space, industrial cooperation and strategic coordination.
Q8
As of 9 September 2026, how many monitored Indian coal-fired power plants were reported to have critically low coal inventories?
View Answer & Explanation
Answer: C. 59
The number had increased from 45 at the end of August. High power demand, lower hydro availability and limited storage capacity increased pressure on coal generation.
Q9
Why can a country have a high share of renewable installed capacity and still remain dependent on thermal power?
A. Installed capacity and actual generation are always identical.
B. Solar and wind are variable, while storage and grid flexibility may remain insufficient.
C. Renewable electricity cannot be transmitted through the grid.
D. Coal power plants do not require fuel.
View Answer & Explanation
Answer: B
Installed capacity measures rated capacity, while actual generation depends on availability and capacity factors. Solar and wind are variable, so storage, transmission and dispatchable generation remain important.
Prelims Concept: Installed Capacity ≠ Electricity Generation.
Q10
The RBI announced an open-market sale of government securities worth approximately:
A. ₹25,000 crore
B. ₹50,000 crore
C. ₹75,000 crore
D. ₹1 lakh crore
View Answer & Explanation
Answer: D. ₹1 lakh crore
The RBI announced government-bond sales totalling ₹1 trillion to drain excess liquidity from the banking system.
Q11
What is the immediate liquidity effect when the RBI sells government securities through an Open Market Operation?
A. Rupee liquidity is injected into banks.
B. Rupee liquidity is absorbed from the banking system.
C. CRR automatically becomes zero.
D. Foreign-exchange reserves necessarily increase.
View Answer & Explanation
Answer: B
When the RBI sells government securities, buyers pay rupees to the RBI, withdrawing liquidity from the financial system.
Remember:
OMO Purchase = Liquidity Injection
OMO Sale = Liquidity Absorption
Q12
The proposed “regulatory bridge” for Indian technology firms is primarily intended to:
A. Exempt Indian firms from all foreign regulations
B. Help firms engage with foreign governments and regulators when entering global markets
C. Replace the RBI and SEBI
D. Ban foreign fintech companies from India
View Answer & Explanation
Answer: B
The proposal seeks a structured mechanism that can help especially smaller Indian technology firms understand licensing requirements, standards, market-entry rules and regulatory expectations abroad.
Q13
The Global Fintech Fest 2026 prominently focused on which of the following emerging technologies?
1. Agentic AI
2. Tokenisation
3. Quantum technologies
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
View Answer & Explanation
Answer: D
The 2026 Global Fintech Fest theme highlighted Agentic AI, tokenisation and quantum technologies within the wider objective of trusted, connected and inclusive financial systems.
Q14
With reference to the RBI Regulatory Sandbox, consider the following statements:
1. It allows controlled testing of innovative financial products.
2. It enables regulators to observe risks before wider deployment.
3. It necessarily exempts participating firms from all financial regulations.
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
View Answer & Explanation
Answer: B. 1 and 2 only
A regulatory sandbox permits controlled experimentation under regulatory supervision. It does not amount to a blanket exemption from financial law.
Q15
Consider the following pairs:
1. Aadhaar — Digital identity
2. UPI — Instant digital payments
3. Account Aggregator — Consent-based financial data sharing
4. Digital Rupee — Central Bank Digital Currency
How many of the above pairs are correctly matched?
A. Only one
B. Only two
C. Only three
D. All four
View Answer & Explanation
Answer: D. All four
All four are important components of India's expanding digital-finance and Digital Public Infrastructure ecosystem.
Concept Link: India's next fintech phase increasingly involves international interoperability and regulatory cooperation.
Quick Answer Key
Q1 – B |
Q2 – B |
Q3 – B |
Q4 – B |
Q5 – D
Q6 – B |
Q7 – C |
Q8 – C |
Q9 – B |
Q10 – D
Q11 – B |
Q12 – B |
Q13 – D |
Q14 – B |
Q15 – D
High-Yield Revision
Social Justice: Digital Labour Chowk, BOCW workers, portability of social security
Economy: Digital Rupee, DBT, CBDC vs UPI, RBI OMO
International Relations: BRICS financial reform, India–Russia trade target
Energy Security: Coal stocks, renewable intermittency, storage and grid flexibility
FinTech: Regulatory bridge, Agentic AI, tokenisation, Regulatory Sandbox
