Daily Current Affairs Prelims Quiz 26-02-2026 (Online Prelims Test)
1) Consider the following statements
Enforcement Directorate (ED) derives its entire powers from Prevention of Money Laundering Act, 2002 (PMLA).
Money laundering is defined under PMLA.
Select the correct statements using the codes below:
a.
b.
c.
d.
Answer : b
Explanation
Statement 1 is incorrect – ED is a premier financial investigation agency and economic law enforcement agency of the Government of India.
It derives statutory powers from 3 different acts –
Foreign Exchange Management Act, 1999 (FEMA)
Prevention of Money Laundering Act, 2002 (PMLA)
Fugitive Economic Offenders Act, 2018 (FEOA)
Statement 2 is correct – The PMLA 2002 act was enacted to prevent money laundering and to confiscate the property involved or obtained.
Money Laundering is defined under Section 3 of PMLA.
It is an action through which processes or activities connected to the proceeds of crime are concealed, possessed, acquired, or used and projected as untainted property or claimed to be untainted property.
2) Which one of the following is the nodal agency for recently launched M.A.N.A.V (India’s human-centric AI vision)?
a.
b.
c.
d.
Answer : c
Explanation
Option c is correct - Recently, Prime Minister Narendra Modi launched the M.A.N.A.V. AI vision in 2026 at the India AI Impact Summit.
It stands for Moral and Ethical Systems, Accountable Governance, National Sovereignty, Accessible and Inclusive AI, and Valid and Legitimate Systems. It is India’s human-centric AI vision.
Ministry of Electronics & Information Technology (MeitY) is the Nodal Ministry for this.
M.A.N.A.V. AI vision is implemented through the IndiaAI Mission.
The Rajya Sabha formed earlier than the Lok Sabha.
The members of Rajya Sabha serve a six-year term, with one-third of the members retiring every three years to ensure continuity.
Dr S. Radhakrishnan is the first chairman of the Rajya Sabha.
Select the correct statements using the codes below:
a.
b.
c.
d.
Answer : b
Explanation
Statement 1 is correct – The Rajya Sabha (Council of States) was constituted for the first time on April 3, 1952, which was before the Lok Sabha was constituted on April 17, 1952.
Statement 2 is incorrect – Rajya Sabha is a permanent body i.e. members serve a 6-year term, with one-third of the members retiring every two years to ensure continuity.
Statement 3 is correct – Dr. S. Radhakrishnan, as the first Vice-President of India, served as the first ex-officio Chairman of the Rajya Sabha starting in 1952.
