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Daily Current Affairs Quiz 4th January, 2026, Attempt Important GK Questions |

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Daily Current Affairs: 04 January, 2026

Q1. Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), achieved a major milestone in infrastructure financing after receiving a top-tier credit rating for its long-term bank facilities. Which credit rating agency assigned RIIT a AAA (Stable) rating?

(a) CRISIL Ratings

(b) ICRA Limited

(d) India Ratings and Research

(e) Fitch Ratings India

Answer: c

Solution:

National Highways Authority of India (NHAI)-sponsored Infrastructure Investment Trust Raajmarg Infra Investment Trust (RIIT) has achieved a major milestone by receiving a AAA (Stable) rating for its long-term bank facilities.
The rating has been assigned by CARE Ratings Limited, reflecting the highest degree of creditworthiness and extremely low default risk.
The ‘Stable’ outlook indicates that the rating is expected to remain unchanged in the near to medium term.
This rating underscores the safety and reliability of RIIT’s debt instruments, positioning it among the most secure investment options available to investors.
CARE Ratings highlighted that the rating strength is derived from the experience, credibility, and proven track record of NHAI, particularly in the roads and highways sector.
The strategic importance of NHAI’s asset monetisation programme was a key factor, under which road assets worth around ₹1.43 lakh crore have been monetised so far.
Strengthening this initiative, RIIT has also received approval from the Securities and Exchange Board of India (SEBI) as a Public Infrastructure Investment Trust (InvIT).
The Public InvIT aims to unlock the monetisation potential of National Highway assets while offering a long-term, high-quality investment avenue, primarily targeting retail and domestic investors.
The initiative marks a significant step in broadening public participation in India’s national highway infrastructure growth and sustainable capital formation.

Q2. In a move aimed at strengthening corporate governance and strategic oversight, ESAF Small Finance Bank appointed a senior banker as its new Chairman. Who has been appointed to this position?

(a) Rajnish Kumar
(b) Karthikeyan Manickam
(c) S. Mahendra Dev
(d) Atanu Kumar Das
(e) Sanjeev Chadha

Answer: b

Solution:

ESAF Small Finance Bank has appointed Karthikeyan Manickam as its new Chairman.
Karthikeyan Manickam is a former Executive Director of Bank of India.
He brings extensive experience in banking operations, risk management, and regulatory compliance.
As Chairman, he will provide strategic direction, governance leadership, and independent oversight to the bank’s Board.
Manickam has also previously served on the boards of other prominent financial institutions, strengthening his credentials in institutional governance.

Q3. According to the RBI’s Sectoral Deployment of Bank Credit data for November 2025, which of the following trends most accurately represents the comparative growth of the ‘Agriculture’ and ‘Industry’ sectors against their previous year’s performance?

(a) Both Agriculture and Industry witnessed a significant acceleration in their year-on-year growth rates.

(b) Industry credit showed a faster pace of growth at 9.6%, whereas Agriculture lending saw a sharp decline in growth rate to 8.7%.

(d) Non-food bank credit surge was primarily driven by the Agriculture sector’s 11.4% growth rate. (e) Both sectors showed a marginal deceleration, reaching a unified growth target of 10.6% by November 28, 2025.

Answer: b

Solution:

As per data released by the Reserve Bank of India (RBI), bank credit to industry grew at a faster pace of 9.6% year-on-year (y-o-y) in November 2025, compared to 8.3% in November 2024.
On a y-o-y basis, non-food bank credit expanded by 11.4% as on the fortnight ended 28 November 2025, higher than 10.6% recorded in the corresponding fortnight of the previous year.
According to the RBI’s report “Sectoral Deployment of Bank Credit – November 2025”, credit to micro & small enterprises (MSEs) and medium industries continued to record double-digit growth.
Among major industries, infrastructure, engineering, textiles, and petroleum, coal products & nuclear fuels registered robust y-o-y credit growth.
Credit to agriculture and allied activities grew by 8.7% y-o-y, lower than 15.3% recorded a year earlier.
Credit to the services sector rose by 11.7% y-o-y, though marginally lower than 12.8% in the previous year.
Within services, credit growth to NBFCs and computer software improved, while trade and commercial real estate witnessed healthy but slightly decelerated growth.
Personal loans registered a 12.8% y-o-y growth, compared to 13.4% a year ago.
While vehicle loans and loans against gold jewellery showed steady growth, housing loans and credit card outstanding experienced moderation.
The data was compiled from 41 select Scheduled Commercial Banks (SCBs), covering about 95% of total non-food credit.

Q4. Recently, in January, 2025, As part of the initial rollout of the Export Promotion Mission, the Government of India has launched two key interventions For the collateral support intervention, the government has partnered with _________ to provide guarantee coverage of up to _________ per cent for Micro and Small exporters.

(a) SIDBI; 75

(b) ECGC; 65

(d) NABARD; 85

(e) RBI; 50

Answer: c

Solution:

As part of the initial rollout of the Export Promotion Mission, the Government of India has launched two key interventions under the NIRYAT PROTSAHAN sub-scheme to strengthen MSME exports and improve access to trade finance.

First Intervention: Interest Subvention on Export Credit

This intervention provides interest subvention on pre- and post-shipment rupee export credit to reduce borrowing costs and ease working capital constraints faced by MSME exporters.
A base interest subvention of 2.75% has been notified, with scope for additional incentive for exports to under-represented or emerging markets, subject to operational readiness.
The benefit is applicable only to exports covered under a notified positive list of HS 6-digit tariff lines, covering nearly 75% of India’s tariff lines with high MSME participation.
An exporter-wise annual cap of ₹50 lakh per IEC has been prescribed for FY 2025–26.
Interest subvention rates will be reviewed bi-annually in March and September, based on domestic and global benchmarks.
The positive list prioritises labour-intensive and capital-intensive sectors, MSME concentration and value addition, while excluding restricted, prohibited items, waste and scrap, and products under overlapping incentive schemes.
Defence and SCOMET-notified products have been included to promote strategic exports.

Second Intervention: Collateral Support for Export Credit

This intervention introduces collateral guarantee support for export credit to address collateral constraints of MSME exporters.
The scheme is implemented in partnership with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Guarantee coverage will be:
- Up to 85% for Micro and Small exporters
- Up to 65% for Medium exporters
The maximum guaranteed exposure is capped at ₹10 crore per exporter per financial year.
Detailed guidelines will be issued by CGTMSE, followed by a pilot phase and eventual integration into a comprehensive export promotion framework.

Export Promotion Mission – Overview

The Export Promotion Mission was approved by the Union Cabinet on 12 November 2025 with a total outlay of ₹25,060 crore for FY 2025–26 to FY 2030–31.
It is jointly implemented by the Department of Commerce, Ministry of MSME, and Ministry of Finance.
The Mission consists of two sub-schemes:
- NIRYAT PROTSAHAN – focuses on affordable and diversified trade finance
- NIRYAT DISHA – focuses on non-financial enablers such as market access, branding, logistics, compliance and trade intelligence
The overarching objective is to lower export costs, expand access to finance, diversify export markets, and enable MSMEs to integrate into global value chains.

Q5. The 72nd National Volleyball Tournament, inaugurated by the Prime Minister of India on 4 January 2026, is witnessing participation from 58 teams representing various states and institutions across the country. Where is this national-level tournament being organised?

(a) Lucknow

(b) Prayagraj

(d) Bhopal

(e) Varanasi

Answer: c

Solution:

Narendra Modi, the Prime Minister of India, inaugurated the 72nd National Volleyball Tournament on 4 January 2026.
The inaugural ceremony was held at Dr. Sampoornanand Sports Stadium.
The tournament is being conducted from 4 January to 11 January 2026.
More than 1,000 players are participating in the tournament as part of 58 teams, representing various states and institutions from across India.