Daily Current Affairs — 10 November 2026
Daily Current Affairs · 10 November 2026
10 fully-analysed topics · 30 bilingual MCQs · 3 embedded videos · built for UPSC Prelims & Mains
🎯 30 MCQs
🎬 3 Videos
🇮🇳 Hindi + English
Indian Geography MCQ Quiz · भारतीय भूगोल प्रश्नोत्तरी
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Economy
10 Years of Demonetisation in India
The Demonetisation (2016) exercise completed 10 years on 8th November 2026.
- 10 Years of Demonetisation accelerated India's digital payment revolution, improved tax compliance and encouraged economic formalisation.
- However, its impact on eliminating black money and reducing cash dependence remains limited, while counterfeiting
- Demonetisation of 2016: Demonetisation is the act of stripping a currency unit of its status as legal tender
- On 8th November 2016, the Government of India, acting on the recommendation of the RBI under Section 26(2) of the RBI Act, 1934, abruptly withdrew
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- Curb the circulation of counterfeit currency (Fake Indian Currency Notes).
- It used data analytics and e-verification to scrutinise suspicious cash deposits made between 9th November and 30th December 2016
- In a dissenting opinion Justice B.V. Nagarathna argued
- India: 1946: India's first demonetisation scrapped Rs 500
- 1978: The government demonetised Rs 1,000, Rs 5,000
- US (1969): Withdrew high-denomination currency notes above USD 100 to combat organised crime and tax evasion
Which of the following statements about 10 Years of Demonetisation in India is correct?
Correct. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute.
Not quite. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute. The green option is the correct one.
Economy
Supreme Court’s Verdict on Demonetisation
Prelims: Supreme court, Constitution Bench, RBI, Section 26(2) of RBI Act.
- Majority Ruling: The majority held that Centre's notification dated November 8, 2016 is valid and satisfies the test of proportionality.
- The RBI and the Centre had been in consultation
- The statutory procedure under Section 26(2) of the RBI Act was not violated merely because the Centre had taken the initiative to "advice" the
- The government was empowered under the provision to demonetise "all series" of banknotes.
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- On hasty decision, the court said such measures undisputedly are required to be taken with utmost confidentiality and speed
- Demonetisation was done for the "proper purposes" of eliminating fake currency, black money and terror financing.
- The government could have issued a notification under Section 26(2) of the RBI Act only if the RBI had initiated the proposal to demonetise by way of
- Therefore, the government's notification issued under Section 26(2) of the RBI Act was unlawful.
- In cases in which the government initiates demonetisation, it should take the opinion of the RBI
- If the Board's opinion was in the negative, the Centre could still go forward
With reference to Supreme Court’s Verdict on Demonetisation, consider the following statements:
- Majority Ruling: The majority held that Centre's notification dated November 8, 2013 is valid and satisfies the test of proportionality
- The RBI and the Centre had been in consultation
Which of the statements given above is/are correct?
Correct. Check each statement on its own before looking at the options. One of the two alters a figure, an institution or the direction of change stated in the source.
Not quite. Check each statement on its own before looking at the options. One of the two alters a figure, an institution or the direction of change stated in the source. The green option is the correct one.
Economy
Digital Public Infrastructure
Recently, Nasscom and Arthur D. Little have jointly released a report titled-Digital Public Infrastructure of India – Accelerating India's Digital.
- DEPA creates a digital framework that allows users to share their data on their own terms through a third-party entity
- Economic Impact: DPIs are projected to play a significant role in propelling India towards a USD 1 trillion digital economy by 2030
- DPIs are expected to enhance citizens' efficiency and promote social as well as financial inclusion.
- Mature DPIs like Aadhaar, UPI, and FASTag have already witnessed exponential adoption by 2022
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- Mature DPIs have already generated a significant economic value equivalent to 0.9% of India's GDP (Gross Domestic Product)
- India is currently a global leader in developing DPIs
- The success of DPIs is attributed to the relentless support by the government and enabled by the IT intellectual capital and startup ecosystem
- Existing digital entities are expected to evolve to deliver superior user experiences, leveraging new age technologies such as AI, Web 3, and others.
- Aadhaar is expected to continue to be a major contributor as its use cases expand to a broader range of services
- The foundation of India's digital revolution has been strengthened by DPIs or India Stack
Which of the following statements about Digital Public Infrastructure is correct?
Correct. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute.
Not quite. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute. The green option is the correct one.
Economy
Unified Payments Interface (UPI)
The Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), has completed a decade of transforming India's digital payment ecosystem.
- About: Unified Payments Interface (UPI) is a real-time payment system developed by the NPCI
- UPI ensures secure payments through two-factor authentication and end-to-end encryption.
- Launch of UPI (2016): UPI was launched on a pilot basis in April 2016 with 21 member banks
- Signed Intent and QR for secure payment approvals.
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- UPI crossed one billion transactions per month in October 2019, reflecting rapid adoption.
- UPI 123PAY brought feature phone users into digital payments through IVR, missed calls, app-based, and proximity sound-based payments.
- Credit cards were integrated with UPI, expanding payment options.
- UPI crossed 5 billion monthly transactions in March 2022 and processed transactions worth over US$1 trillion in FY 2021-22.
- UPI accounted for around 70% of India's digital payment transactions in FY 2023-24.
- RBI increased the UPI transaction limit for tax payments from ₹1 lakh to ₹5 lakh per transaction.
Which of the following statements about Unified Payments Interface (UPI) is correct?
Correct. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute.
Not quite. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute. The green option is the correct one.
Economy
RBI to Launch Retail Digital Rupee
The Reserve Bank announces the launch of the first pilot for retail digital Rupee (e₹-R) also called Central Bank Digital Currency (CBDC).
- On 1st November 2022, the RBI launched the digital rupee for the wholesale segment to settle secondary market transactions in government securities.
- The first phase of a pilot project that will cover select locations and banks in a closed user group (CUG) comprising participating customers
- The pilot will initially cover the four cities of Mumbai
- According to the central bank, the pilot will test the robustness of the entire process of digital rupee creation, distribution
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- Definition: RBI defines the CBDC as the digital form of currency notes issued by a central bank
- Once officially issued, CBDC will be considered as a medium of payment and legal tender by all three parties – citizens, government bodies
- RBI is not in favour of e-rupee with interest. Because people might withdraw money from banks and convert it to digital rupee – causing banks to fail.
- The underlying technology of cryptocurrency (distributed ledger) can underpin parts of the digital rupee system
- As of July 2022, 105 countries were exploring CBDC
- Based on the usage and the functions performed by the digital rupee and considering the different levels of accessibility
Which of the following statements about RBI to Launch Retail Digital Rupee is correct?
Correct. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute.
Not quite. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute. The green option is the correct one.
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Economy
Polymer Currency Notes
The Reserve Bank of India (RBI) is actively reviving a decade-old plan to introduce polymer (plastic) currency notes.
- The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
- This marks a significant step towards a potential pilot rollout of polymer notes, expected to begin with lower denominations of Rs 10 and Rs 20.
- About: Polymer banknotes are currency notes made from biaxially oriented polypropylene (BOPP) unlike traditional Indian currency
- Over 60 countries, including Australia (the first to introduce a full polymer banknote series in 1988), use polymer currency in some form.
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- Polymer notes generally last 2.5–4 times longer than paper banknotes.
- Lower denomination notes such as Rs 10 and Rs 20 deteriorate rapidly because of frequent circulation.
- Polymer banknotes can reduce replacement frequency and lifecycle costs due to their longer lifespan
- The Energy and Resources Institute (TERI) study commissioned by the RBI found that although polymer notes have a higher initial carbon footprint
- 2009: RBI proposed issuing 100 crore Rs 10 polymer banknotes.
- 2012: The Government approved a pilot project in Kochi, Mysuru, Jaipur, Bhubaneswar, and Shimla, chosen for their diverse climatic conditions
With reference to Polymer Currency Notes, consider the following statements:
- The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
- This marks a significant step towards a potential pilot rollout of polymer notes, expected to begin with lower denominations of Rs 5 and Rs 20
Which of the statements given above is/are correct?
Correct. Check each statement on its own before looking at the options. One of the two alters a figure, an institution or the direction of change stated in the source.
Not quite. Check each statement on its own before looking at the options. One of the two alters a figure, an institution or the direction of change stated in the source. The green option is the correct one.
Economy
Government Approves Polymer Banknotes for Field Trials
The Government has approved the Reserve Bank of India (RBI) proposal under Section 25 of the Reserve Bank of India Act, 1934 to introduce one billion pieces each of Rs 10 and Rs 20 polymer banknotes for field trials.
- Polymer notes will be issued alongside existing paper-substrate banknotes rather than immediately replacing them.
- The notes will initially undergo field trials, after which successful trials may lead to their regular issuance in these denominations
- Polymer Banknotes: These are made from biaxially oriented polypropylene (BOPP), unlike traditional Indian currency made from cotton-pulp paper.
- Significance: Polymer Banknotes are more durable
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- Since lower denominations such as Rs 10 and Rs 20 deteriorate faster due to frequent circulation
Which of the following statements about Government Approves Polymer Banknotes for Field Trials is correct?
Correct. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute.
Not quite. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute. The green option is the correct one.
Polity
Supreme Court on Electoral Black Money
The Supreme Court observed that removing the influence of black money from elections is a responsibility of the Election Commission of India (ECI).
- The Court held that the use of ill-gotten money can distort the free choice of voters and undermine democracy, rule of law and the electoral process
- The Supreme Court has placed greater responsibility on the ECI to curb black money in elections
- Electoral black money undermines voter autonomy, equality, transparency and democratic accountability
- Seizure Reporting: Seized cash or assets must be reported within 24 hours to the District Magistrate
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- Time-Bound Investigation: Investigating Officers should complete election-related FIR investigations within one year
- Subversion of Constitutional Rights: Democracy functions on the uncoerced and informed consent of the electorate
- The essence of uncoerced choice was upheld in the NOTA Judgment (PUCL v
- In Kanwar Lal Gupta v. Amar Nath Chawla (1974)
- In Indira Nehru Gandhi v. Raj Narain (1975), the Court held that free and fair elections are part of the Constitution's Basic Structure.
- This leads to regulatory forbearance, biased public procurement
1. What is the significance of Article 324 in controlling electoral black money? Article 324 vests the ECI with the superintendence
With reference to Supreme Court on Electoral Black Money, consider the following statements:
- The Court held that the use of ill-gotten money must distort the free choice of voters and undermine democracy, rule of law and the electoral process
- The Supreme Court has placed greater responsibility on the ECI to curb black money in elections
Which of the statements given above is/are correct?
Correct. Check each statement on its own before looking at the options. One of the two alters a figure, an institution or the direction of change stated in the source.
Not quite. Check each statement on its own before looking at the options. One of the two alters a figure, an institution or the direction of change stated in the source. The green option is the correct one.
Economy
RBI to Withdraw Rs 2,000 Notes from Circulation
On May 19, 2023, the Reserve Bank of India (RBI) announced that it will withdraw the Rs 2000 denomination banknotes from circulation.
- While the existing notes will remain legal tender
- This move is part of the RBI's Clean Note Policy
- Withdrawal of 2000 Rupee Note: The RBI said that the withdrawal of the 2000 rupees notes is part of its currency management operations.
- The Rs 2000 banknotes were introduced in 2016 to meet the immediate currency requirements after the withdrawal of Rs 500
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- The last time India demonetised currency was in November 2016 when the government withdrew 500
- The move took away 86% of the economy's currency in circulation by value overnight.
- The exchange limit for Rs 2000 banknotes is set at Rs 20,000 at a time. Non-account holders can also exchange these banknotes at any bank branch.
- Deposits into bank accounts can be made without limitations
- The RBI governor stated that the impact of withdrawal of 2000 rupees notes will be "very very marginal" on the economy because it accounts
- The withdrawal could ease the pressure on deposit rate hikes and could also result in moderation in short-term interest rates
Which of the following statements about RBI to Withdraw Rs 2,000 Notes from Circulation is correct?
Correct. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute.
Not quite. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute. The green option is the correct one.
Security
Left Wing Extremism-Free India
The Union Home Minister stated that Maoists have been "more or less wiped out" from the Bastar region of Chhattisgarh, historically the strongest bastion of Left Wing Extremism (LWE) in India.
- Declaring that the country has become "Naxal-free"
- India has become "Naxal-free" through a combination of security operations
- However, ensuring lasting peace requires addressing root causes such as tribal rights, governance gaps, and economic inclusion to prevent resurgence.
- Policy Framework: Recognizing that insurgency cannot be defeated by military force alone
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- To achieve this, the government employs a synchronized, three-pillar strategy based on the globally recognized "Clear, Hold
- SAMADHAN Doctrine: Launched in 2017, this is the operational blueprint for security forces
- Security forces have achieved significant success in countering Left-Wing Extremism through major operations such as Operation Octopus
- Digital Connectivity: Rapid installation of thousands of mobile towers to ensure 100% 4G saturation in LWE districts
- Human Capital & Financial Inclusion: Establishing Eklavya Model Residential Schools (EMRS) and ITIs to provide quality education
- Maoism is a revolutionary form of communism developed by Mao Tse Tung
Discuss the relevance of the "Clear, Hold, Build" doctrine in India's counter-insurgency strategy.
Which of the following statements about Left Wing Extremism-Free India is correct?
Correct. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute.
Not quite. The three wrong options each change one thing from the source: a figure, the institution involved, the direction of change, or a qualifier turned into an absolute. The green option is the correct one.
Indian Economy MCQ Quiz · भारतीय अर्थव्यवस्था प्रश्नोत्तरी
A second members-only subject quiz – lock in today's study session
Current affairs alone will not clear Prelims. Close the day on the static syllabus with this members-only quiz.
