Daily Current Affairs 03-June-2026 – MCQs, News & Analysis for UPSC, SSC & Banking Exams
1. India recently signed the ‘Amity & Prosperity Accord’ focusing on joint maritime security and infrastructure development with which of the following nations?
A) Vietnam
B) Indonesia
C) Philippines
D) Malaysia
Correct answer: A) Vietnam
Notes: In a significant development for India’s foreign policy, New Delhi and Hanoi concluded the ‘Amity & Prosperity Accord’ yesterday, 02-June-2026. This landmark agreement enhances bilateral cooperation in maritime security, regional stability, and critical infrastructure projects. The pact underlines India’s Look East Policy and its growing strategic partnerships in the Indo-Pacific. For UPSC aspirants, this highlights evolving international relations, particularly India’s role in balancing regional dynamics. It also showcases efforts to strengthen defence and economic ties, offering a crucial point for current affairs analysis on global geopolitics and government policy updates.
2. The Ministry of Environment, Forest and Climate Change launched ‘Project Harit Bharat’ in the Western Ghats. What is its primary objective?
A) Promoting eco-tourism and wildlife sanctuaries
B) Large-scale reforestation using native species and community participation
C) Developing sustainable mining practices in the region
D) Implementing advanced waste management systems for urban centers
Correct answer: B) Large-scale reforestation using native species and community participation
Notes: Yesterday, 02-June-2026, the Environment Ministry inaugurated ‘Project Harit Bharat’ across several critical zones of the Western Ghats. This ambitious initiative aims for large-scale reforestation. It focuses on planting indigenous species, emphasizing ecological restoration and biodiversity conservation. The project strongly involves local communities, aligning with sustainable development goals. This latest news analysis is vital for current affairs 2026, especially for the Environment & Ecology segment of competitive exams like UPSC and State PCS. It signifies a major government initiative towards climate change mitigation and natural resource management, reflecting India’s commitment to environmental protection.
3. Which Indian state has unveiled a new ‘Youth Skill Development & Entrepreneurship Policy 2026’ to boost employment and innovation?
A) Uttar Pradesh
B) Maharashtra
C) Rajasthan
D) Tamil Nadu
Correct answer: C) Rajasthan
Notes: Rajasthan became the first state to launch its ‘Youth Skill Development & Entrepreneurship Policy 2026’ on 02-June-2026. The policy aims to equip young people with future-ready skills, fostering a vibrant startup ecosystem and reducing unemployment. It emphasizes vocational training, digital literacy, and access to funding for new ventures. This governance initiative is a key focus for today current affairs and vital for exam preparation. It showcases a proactive approach to economic development and social welfare, relevant for sections on government schemes and social issues. This move will significantly impact the state’s economic outlook and youth engagement.
4. The Reserve Bank of India (RBI) recently issued a consultation paper on regulating ‘Decentralized Autonomous Organizations (DAOs)’ in the financial sector. What is a key concern highlighted?
A) Lack of clear legal liability and consumer protection
B) Slow transaction speeds in DAO networks
C) Excessive energy consumption by underlying blockchain technology
D) Limited global adoption of DAO structures
Correct answer: A) Lack of clear legal liability and consumer protection
Notes: On 02-June-2026, the RBI released a crucial consultation paper addressing the growing presence of Decentralized Autonomous Organizations (DAOs) in India’s financial landscape. A primary concern outlined is the inherent challenge of establishing clear legal liability and ensuring robust consumer protection within these permissionless, code-governed entities. This move signifies India’s proactive stance on emerging tech and financial regulation. This latest news analysis is essential for current affairs 2026, particularly for those preparing for banking, SSC, and UPSC exams, focusing on economy updates and regulatory frameworks. It represents a significant step towards adapting policy to new digital financial innovations.
5. ISRO successfully deployed a new constellation of Earth Observation Satellites (EOS) under its ‘Project Navdrishti’. What is the primary purpose of this new constellation?
A) Enhancing global telecommunications and internet services
B) High-resolution imaging for urban planning and disaster monitoring
C) Deep-space exploration and asteroid tracking
D) Advanced weather forecasting and atmospheric research
Correct answer: B) High-resolution imaging for urban planning and disaster monitoring
Notes: ISRO achieved another milestone yesterday, 02-June-2026, by successfully deploying the ‘Navdrishti’ constellation of Earth Observation Satellites. This advanced network is specifically designed for high-resolution imaging, providing critical data for urban planning, infrastructure development, and efficient disaster monitoring and management. This achievement reinforces India’s prowess in science and technology. This development is a crucial update for daily current affairs, particularly relevant for UPSC current affairs and exam preparation focusing on India’s space program. It showcases technological advancements with significant national impact, improving governance and resource management capabilities through precise geospatial intelligence.
