GK365 Daily Quiz — 6 April 2026
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📝 Revision Notes
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Health
Prevention of Blindness Week — 1 to 7 April
Organised by NPCB&VI under MoHFW. Key causes of blindness: cataracts (leading), glaucoma, diabetic retinopathy, corneal diseases, refractive errors. India reduced blindness prevalence from 8.9% (1990) to 1.99% (2019). World Sight Day (global) — second Thursday of October, organised by IAPB.
Economy & Finance
H1 FY27 Market Borrowing Plan
GoI H1 FY27 borrowing: Rs 8.20 lakh crore (51% of revised annual target of Rs 16.09 lakh crore). Raised via 26 weekly auctions across 3–50 year maturities. Includes Rs 15,000 crore Sovereign Green Bonds (SGrBs). WMA limit for H1 FY27: Rs 2.50 lakh crore (set by RBI).
Monetary Policy
Small Savings Scheme Rates — Q1 FY27
Rates unchanged for 8th consecutive quarter. Key rates: SSY — 8.2% (highest); SCSS — 8.2%; NSC — 7.7%; KVP — 7.5% (115 months); 3-yr TD — 7.1%; PPF — 7.1%; MIS — 7.4%; PO Savings — 4%. Collections go to National Small Savings Fund (NSSF).
Monetary Policy
RBI Bans NDD Contracts — 1 April 2026
NDD (Non-Deliverable Derivative) markets exist because India maintains capital controls and the rupee is not fully convertible. Offshore NDD hubs: Singapore, London, Hong Kong, Dubai. NDDs are cash-settled in USD. RBI ban covers ADs offering NDD contracts to residents and non-residents. Net open position cap: USD 100 million per bank from 10 April.
Defence
Mountain Radar — BEL & LRDE
Rs 1,950 crore MoD-BEL contract for Mountain Radars designed by LRDE (Electronics & Radar Development Establishment), DRDO, Bengaluru. Category: Buy (IDDM) — highest priority under DAP. Detection/tracking range: 300–400 km. For use in mountainous terrain — J&K and Nagaland. BEL: Navratna DPSU, est. 1954.
Pharma & Industry
India Pharma 2026 — 9th Edition
Held 13–14 April 2026, Federation House, New Delhi. Organised by Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers with FICCI and IPA. Theme: ‘Discover in India: Leapfrogging Life-Sciences Innovation’. India = ‘Pharmacy of the World’; 3rd-largest pharma producer globally by volume; supplies to 200+ countries.
Monetary Policy
Ways and Means Advances (WMA)
WMA = short-term credit from RBI to government for temporary cash-flow mismatches. Repayable within 90 days; interest at Repo Rate. Beyond WMA limit → Overdraft (OD) facility. WMA does not form part of fiscal deficit or government debt. H1 FY27 WMA limit: Rs 2.50 lakh crore.
International Days
World Health Day — 7 April 2026
Observed on 7 April — WHO founding anniversary (1948). 2026 theme: ‘Healthy Beginnings, Hopeful Futures’ (maternal & newborn health). WHO DG: Dr. Tedros Adhanom Ghebreyesus (Ethiopia), since July 2017, re-elected May 2022. HQ: Geneva. India’s MMR: 97 (2018-20); SDG target below 70 by 2030.
Defence
Continuous At-Sea Deterrence (CASD)
With 3 SSBNs — Arihant (2016), Arighaat (Aug 2024), Aridhaman (Apr 2026) — India can now maintain CASD: at least one submarine on patrol at all times. Minimum 3–4 SSBNs needed for CASD. SSBNs hidden underwater cannot be targeted in a first strike → guarantees second-strike capability. Fleet based at Project Varsha, Visakhapatnam.
Environment & Finance
Sovereign Green Bonds (SGrBs)
SGrBs = government debt securities to fund green/sustainable projects (renewable energy, clean transport, water management). Proceeds ring-fenced — cannot be used for fossil fuels. India first issued SGrBs in January 2023 (Rs 16,000 crore). H1 FY27: Rs 15,000 crore. Offer a ‘greenium’ — slightly lower yield than conventional G-Secs. Aligned with ICMA Green Bond Principles and India’s NDC under Paris Agreement.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
Which ministry organises Prevention of Blindness Week (1–7 April) in India?
Ministry of Health and Family Welfare (MoHFW) through NPCB&VI
Blindness reduced from 8.9% (1990) to 1.99% (2019)
Tap to Reveal
How much is the GoI H1 FY27 market borrowing, and how much via Sovereign Green Bonds?
Rs 8.20 lakh crore total; Rs 15,000 crore via SGrBs
26 weekly auctions | 51% of revised annual target
Tap to Reveal
What is the current interest rate on Sukanya Samriddhi Yojana (SSY) for Q1 FY27?
8.2% per annum
Highest among popular small savings schemes | 8th consecutive quarter unchanged
Tap to Reveal
Which DRDO lab designed the Mountain Radar procured by MoD from BEL for Rs 1,950 crore?
Electronics & Radar Development Establishment (LRDE), Bengaluru
Buy (IDDM) category | Detection range 300–400 km
Tap to Reveal
What is the 2026 theme of World Health Day, and who is the current WHO Director-General?
‘Healthy Beginnings, Hopeful Futures’; Dr. Tedros Adhanom Ghebreyesus
WHO founded 7 April 1948 | HQ: Geneva
Tap to Reveal
What strategic capability does India achieve with three operational SSBNs?
Continuous At-Sea Deterrence (CASD)
At least one SSBN on patrol at all times | Based at Project Varsha, Vizag
Tap to Reveal
What is the WMA limit set by RBI for H1 FY27, and within how many days must it be repaid?
Rs 2.50 lakh crore; repayable within 90 days
Interest at Repo Rate | Not part of fiscal deficit
Tap to Reveal
When did India first issue Sovereign Green Bonds, and what ‘greenium’ do they offer?
January 2023 (Rs 16,000 crore); slightly lower yield than conventional G-Secs
Proceeds ring-fenced | Aligned with ICMA Green Bond Principles
Think & Discuss
Sovereign Green Bonds vs. Fiscal Reality: Can India Truly ‘Green’ Its Borrowing?
Context from today’s quiz: India’s H1 FY27 borrowing plan includes Rs 15,000 crore through Sovereign Green Bonds (SGrBs) within a total market borrowing of Rs 8.20 lakh crore. SGrBs are meant to fund green infrastructure with proceeds ring-fenced from fossil fuel use. However, India’s revised annual borrowing target is Rs 16.09 lakh crore — raising questions about whether a small ‘green’ tranche within massive conventional borrowing achieves meaningful climate impact, or is largely symbolic.
🤔 Your Perspective Matters
With SGrBs representing less than 0.1% of India’s total H1 FY27 market borrowing, can they meaningfully accelerate India’s green transition — or does the scale of conventional borrowing for non-green expenditure undermine the credibility of India’s sovereign green finance framework?
Is India’s SGrB programme a genuine climate finance tool or a reputational exercise to attract ESG investors?
Is India’s SGrB programme a genuine climate finance tool or a reputational exercise to attract ESG investors?
- Should India scale up SGrBs significantly as a proportion of total sovereign borrowing — and what structural fiscal changes would be needed to make this credible?
- The ‘greenium’ on SGrBs means the government pays a lower interest rate — does this fiscal incentive adequately reflect the long-term economic value of green investments, or does it distort the bond market?
- Given India’s commitments under its NDCs and the Paris Agreement, what independent verification and transparency mechanisms should govern how SGrB proceeds are actually spent?
We’d love to hear your thoughts! Share your perspective in the comments.
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