Current Affairs Practice — October 2026 (Set 1)

Q1. With reference to the Mines and Minerals (Development and Regulation) Amendment Act, 2026, consider the following statements:
1. It prohibits State Governments from levying fresh taxes on mineral rights and mineral-bearing lands outside Central prescribed rules.
2. Legislative competence over the regulation of mines and mineral development is governed solely under the State List of the Seventh Schedule.
Which of the statements given above is/are correct? Samarthya CA Practice 10 Oct 2026

Q2. In which landmark judgment did the Supreme Court of India establish the general ceiling of 50 percent for reservations in public employment? Samarthya CA Practice 10 Oct 2026

Q3. Which of the following international trade agreements directly governs actionable government subsidies that distort market competition and cause excess industrial capacity? Samarthya CA Practice 10 Oct 2026

Q4. With reference to the Cash Reserve Ratio (CRR) in India, consider the following statements:
1. Scheduled commercial banks earn interest from the RBI on the CRR cash balances maintained with it.
2. The minimum daily CRR maintenance requirement sets the minimum reserve balance a bank must keep on each individual day of a reporting fortnight.
Which of the statements given above is/are correct? Samarthya CA Practice 10 Oct 2026

Q5. According to the 2024 coral study, which Indian reef region experienced the highest bleaching severity (up to 37% mortality) during intermediate heat stress? Samarthya CA Practice 10 Oct 2026

Q6. In international trade law under GATS, the cross-border movement of IT professionals to provide technical services in another country falls under which mode of supply? Samarthya CA Practice 10 Oct 2026

Q7. With reference to the Bankers Books Evidence Act, 2026, consider the following statements:
1. It replaced the Bankers' Books Evidence Act, 1891, coming into force on October 1, 2026.
2. It establishes a technology-neutral framework covering physical, electronic, and digital records.
3. It mandates that bank officers must personally appear in court in all civil cases involving financial disputes.
Which of the statements given above is/are correct? Samarthya CA Practice 11 Oct 2026

Q8. Consider the following statements regarding Goods and Services Tax (GST) collections and fast-track refunds in India:
1. Gross GST collections reached approximately ₹12.46 lakh crore during April-September 2026.
2. Under fast-track refund rules, 90% of low-risk claims on zero-rated supplies are automatically sanctioned within three working days.
3. Automatic refund releases continue unaffected even if an earlier refund claim faces a pending departmental appeal.
Which of the statements given above is/are correct? Samarthya CA Practice 11 Oct 2026

Q9. In the context of recent Reserve Bank of India (RBI) measures to curb exchange rate volatility, consider the following statements:
1. The RBI opened a dedicated dollar window directly supplying forex to major state-run oil companies.
2. The RBI reduced position limits for exchange-traded currency derivatives involving the rupee to $5 million.
3. India's foreign exchange reserves currently cover less than 3 months of imports.
Which of the statements given above are correct? Samarthya CA Practice 11 Oct 2026

Q10. The proposed draft amendment G.S.R. 861(E) under Rule 65 of the Drugs Rules, 1945 seeks to restrict the advertisement of which schedules of drugs by retailers and wholesalers without central government approval? Samarthya CA Practice 11 Oct 2026

Q11. According to the Trade and Development Report 2026 released by UNCTAD, what was India's share of global greenfield investments during the period 2020–2025? Samarthya CA Practice 11 Oct 2026

Q12. With reference to the constitutional doctrine of Separation of Powers in India, consider the following statements:
1. The Constitution explicitly details the doctrine of separation of powers in a dedicated operational chapter.
2. Article 50 of the Constitution directs the State to separate the judiciary from the executive in the public services of the State.
3. Matters that are currently sub-judice before constitutional courts are protected from administrative political intervention.
Which of the statements given above are correct? Samarthya CA Practice 12 Oct 2026

Q13. Consider the following statements regarding Invasive Alien Species (IAS) in India:
1. Lantana camara is an invasive alien plant species known to disrupt native forest ecosystems.
2. State Biodiversity Boards are statutory bodies established under the Biological Diversity Act, 2002.
3. Invasive species management policies prioritize risk assessment, scientific identification, and prevention of bio-spread.
Which of the statements given above are correct? Samarthya CA Practice 12 Oct 2026

Q14. In the context of electoral administration in India, consider the following statements:
1. Assistant Electoral Registration Officers (AEROs) operate under statutory provisions for electoral roll maintenance.
2. Deletion of voter names from electoral rolls can be lawfully executed without providing an opportunity for a hearing to the concerned voter.
3. Article 324 vests the superintendence, direction, and control of electoral rolls in the Election Commission of India.
Which of the statements given above are correct? Samarthya CA Practice 12 Oct 2026

Q15. Consider the following statements regarding community-led social interventions against drug abuse:
1. Article 47 of the Constitution directs the State to bring about prohibition of the consumption of intoxicating drinks and harmful drugs.
2. The 'Panchgama Vikas Model' divides target villages into cluster groups managed by volunteer teams to combat substance abuse.
Which of the statements given above is/are correct? Samarthya CA Practice 12 Oct 2026