Daily Current Affairs
9 April 2026 · 10 questions
KreditBee entered the unicorn club in April 2026 after raising $280 million. What was its valuation post-funding?
Correct Answer: C. $1.5 billion
Bengaluru-based digital lending company KreditBee entered the unicorn club in April 2026 after raising $280 million in a pre-IPO round, reaching a valuation of $1.5 billion. The company posted revenue of Rs 2,700 crore and net profit of Rs 473 crore in FY25, with AUM growing to Rs 15,000 crore in FY26. It is preparing for an IPO by merging its tech and NBFC entities.
Which place is known as the 'Onion Hub of India' and is home to Asia's largest onion wholesale market?
Correct Answer: A. Lasalgaon, Maharashtra
Lasalgaon in Nashik district, Maharashtra is known as the 'Onion Hub of India' and hosts Asia's largest onion wholesale market under the Lasalgaon APMC. Maharashtra is India's largest onion-producing state, and Lasalgaon plays a central role in setting onion prices nationally. The town handles the highest onion trading volume in the entire country.
The World Bank's South Asia Economic Update projected India's GDP growth for FY2026 at which percentage?
Correct Answer: D. 7.6%
The World Bank's South Asia Economic Update (April 2026) projected India's GDP growth at 7.6% for FY2026, making India the primary driver of South Asia's growth. For FY2027, the Bank raised its forecast to 6.6% (up 30 basis points from 6.3%), driven by strong and resilient domestic demand. India is expected to remain the fastest-growing major economy globally despite headwinds.
Iran and the US agreed to a two-week ceasefire in April 2026. How many conditions did Iran propose as part of its peace plan?
Correct Answer: B. 10 conditions
In a major geopolitical development in April 2026, Iran and the United States agreed to a two-week ceasefire amid rising tensions in the Middle East. Iran proposed a 10-point peace plan which was described as 'workable' by former US President Donald Trump. The ceasefire aimed to pause military actions and create space for diplomatic negotiations, marking a significant de-escalation in West Asia.
The UAE launched the world's first commercial U6GHz internet. In which frequency range does the U6GHz spectrum operate?
Correct Answer: A. 6425–7125 MHz
The UAE became the first country to launch a commercial U6GHz (Upper 6GHz) internet network, operating in the 6425–7125 MHz 'Golden Band'. The network delivers up to 10 Gbps downlink and 1 Gbps uplink speeds. It was developed under the Telecommunications and Digital Government Regulatory Authority (TDRA) with partners Huawei and Nokia.
Meta launched its first AI model from its new Superintelligence Labs. What is the model called?
Correct Answer: C. Muse Spark
Meta introduced 'Muse Spark', the first AI model from its newly formed Superintelligence Labs. It is a compact and fast model that powers Meta AI assistant, can estimate calories from food images, and handles multilingual queries. It is being deployed across WhatsApp, Instagram, and Facebook. The model received mixed reactions from experts at launch.
India withdrew its bid to host which UN climate summit scheduled for 2028?
Correct Answer: D. COP33
India informed the UNFCCC (UN Framework Convention on Climate Change) that it was withdrawing its earlier expression of interest to host COP33 (33rd Conference of Parties) in 2028. The decision was communicated through an official diplomatic channel. COP33 will now need a new host. India has actively participated in climate negotiations at COP26, COP27, COP28, and COP29.
Deep Jariwala was appointed UT-ORNL Governor's Chair for Quantum Devices. What does ORNL stand for?
Correct Answer: B. Oak Ridge National Laboratory
Indian-origin scientist Deep Jariwala was appointed to the UT-ORNL Governor's Chair for Quantum Devices — a joint position between the University of Tennessee Knoxville (UT) and Oak Ridge National Laboratory (ORNL). He specialises in quantum materials, microelectronics, and optoelectronic systems. ORNL is a US Department of Energy laboratory in Oak Ridge, Tennessee.
RBI proposed easier TReDS registration for MSMEs. What does TReDS stand for?
Correct Answer: C. Trade Receivables Discounting System
RBI proposed removing certain verification requirements to make TReDS registration easier for MSMEs, improving working capital access. TReDS stands for Trade Receivables Discounting System — a digital platform allowing MSMEs to finance invoices raised on large corporates and government buyers. It was launched in 2017 and is regulated by RBI.
The World Bank raised India's FY27 GDP forecast to 6.6%. By how many basis points was this an upward revision?
Correct Answer: A. 50 basis points
The World Bank raised India's FY27 GDP growth forecast from 6.3% to 6.6% — an upward revision of 30 basis points. The revision was driven by strong and resilient domestic demand. India is expected to grow at 7.6% in FY26, reinforcing its role as the primary engine of South Asia's economic growth despite global uncertainties.