Daily Current Affairs Quiz (29 October 2026) — Solved Questions & Answers

Both statements are correct. The IIP is released monthly by NSO under MoSPI (base year 2011-12). The Eight Core Industries comprise exactly 40.27% of the total IIP weight.

Petroleum Refinery Products has the highest weightage (28.04%) among the Eight Core Industries, followed by Electricity (19.85%) and Steel (17.92%).

All three statements are correct. The Inter-State Council is a constitutional body set up under Article 263 via Presidential Order in 1990 based on the Sarkaria Commission report, chaired by the Prime Minister.

The Right to Vote is a Constitutional Right under Article 326 (universal adult suffrage) and a statutory right codified under Section 62 of the Representation of the People Act, 1951.

India's Phase-I Strategic Petroleum Reserves are located at Visakhapatnam (Andhra Pradesh), Mangalore (Karnataka), and Padur (Karnataka), storing 5.33 MMT of crude oil.

SEBI, established as a statutory body under the SEBI Act, 1992, regulates securities markets and enforces Listing Obligations and Disclosure Requirements (LODR).

Article 324 vests the superintendence, direction, and control of the preparation of electoral rolls and conduct of all elections to Parliament and State Legislatures in the Election Commission.

The 'missing middle' in industrial economics refers to the concentration of economic activity in informal micro-enterprises and a few large firms, with a distinct absence of productive medium-sized employers.

Higher US yields widen the interest rate spread, incentivizing foreign portfolio investors to repatriate capital into US dollar assets, generating depreciation pressure on emerging market currencies.

The 73rd Constitutional Amendment Act, 1992 constitutionalized Panchayati Raj institutions, adding Part IX and the 11th Schedule containing 29 functional items.