On the occasion of the 167th Income Tax Day, the Finance Minister unveiled the '5Rs' of responsive tax governance. Which of the following is NOT one of the traditional goals of such governance models?

Responsive tax governance focuses on Resolution, Reduction of burden, Reforms, etc., and fundamentally moves away from Retroactive taxation enforcement.

According to the recently released 'Global Mining and Metals Water Dataset' by the ICMM, approximately what proportion of global mining facilities face high physical water risks?

The ICMM dataset highlights that nearly two-thirds of global mining facilities face high physical water risks.

India recently observed the 27th anniversary of Kargil Vijay Diwas. In which year was the Kargil War fought?

The Kargil War was fought in 1999. July 26, 2026, marked the 27th anniversary of the victory (Kargil Vijay Diwas).

The 2026 NATO Summit, which reaffirmed members' commitment to strengthening the European defense industrial base, was hosted in:

The 2026 NATO Summit was hosted in Ankara, Türkiye.

The Indian Embassy in Ukraine recently issued advisories following an attack on the cargo vessel 'MV AGN RAGNAR' in the port of:

The cargo vessel MV AGN RAGNAR was attacked in the port of Odessa, prompting the Indian Embassy to monitor the situation of Indian seafarers.

India achieved exceptional success in the 2026 International Physics and Chemistry Olympiads. Which of the following statements is true regarding India's performance?

In a notable achievement in 2026, every participant from India secured a gold medal in both the International Physics and Chemistry Olympiads.

Income Tax Day in India is celebrated to commemorate the introduction of income tax in India by Sir James Wilson. In which year was it first introduced?

Income tax was originally introduced in India by Sir James Wilson in 1860 to compensate for the losses sustained by the government on account of the military mutiny of 1857.

Consider the following statements regarding the International Council on Mining and Metals (ICMM):1. It is a specialized agency of the United Nations.2. It focuses on sustainable development in the mining and metals industry.Which of the statements given above is/are correct?

The ICMM is not a UN agency; it is a CEO-led international organization dedicated to a safe, fair, and sustainable mining and metals industry (Statement 1 is incorrect, 2 is correct).

Which organization in India is responsible for regulating Portfolio Management Services (PMS)?

Portfolio Management Services (PMS) in India are regulated by the Securities and Exchange Board of India (SEBI).

Daily Current Affairs Quiz: Economy, Defence & International Relations MCQs

QUESTION 1 OF 10

Daily Quiz

SEBI has recently proposed a review of the Portfolio Management Services (PMS) Regulations, 2020. What is the current mandated minimum investment under these regulations?

A ₹10 lakh B ₹25 lakh C ₹50 lakh D ₹1 Crore

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Sharpen Your Economy & IR Knowledge for UPSC

Today's highly targeted 10-question quiz spans crucial subjects including Economy, Defence, and International Relations. These MCQs are extracted directly from the top headlines of July 2026 to keep your UPSC Prelims preparation razor-sharp.

Economy and Regulatory Frameworks

We test your awareness on the proposed review of the SEBI Portfolio Management Services (PMS) Regulations, 2020. Understanding the thresholds (like the minimum investment of ₹50 lakh) is important for GS Paper 3. We also cover the Finance Minister's new "5Rs" of responsive tax governance unveiled on the 167th Income Tax Day.

International Relations and Global Summits

Geopolitics is a dynamic subject. Test your knowledge on the 2026 NATO Summit held in Ankara, Türkiye, which focused on the European defense industrial base. We also look at incidents affecting Indian seafarers in conflict zones, such as the attack on a cargo vessel in the port of Odessa.

Defence and Environment

Observe the 27th anniversary of Kargil Vijay Diwas and its strategic implications. On the environmental front, we cover the critical findings from the ICMM regarding water risks faced by global mining facilities.

UPSC Mock Test