Daily Current Affairs UPSC: News Based MCQs Quiz | 12th November 2025

Consider the following:

1. The global oil crisis of the mid-1980s led to the formation of G7.

2. G7 is an informal grouping of 7 of the world’s advanced economies and the European Union.

Which of the statements above is or are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. None of the above

Which among the following is not a type of Equity Mutual Funds?

A. Investment Strategy

B. Market Capitalization

C. Mid Cap

D. Investment Style

Consider the following:

1. The omnibus framework is a part of the government’ fiscal policy.

2. The omnibus SRO framework prescribes the broad objectives, functions, eligibility criteria and governance standards, which will be common for all SROs, irrespective of the sector.

Which of the statements above is or are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. None of the above

Consider the following:

1. The Gross Direct tax grew by 2. 15% in the FY 2025-26.

2. Non Corporate Tax includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, Local Authorities, Artificial JuridicalPerson.

Which of the statements above is or are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. None of the above

Consider the following:

1. The IUCN status of lesser falcon is under the endangered category.

2. The weight of the great Indian bustard is around 15-18kgs.

Which of the statements above is or are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. None of the above