Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 02nd May  2026. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2026 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) In 2026, India Post Payments Bank (IPPB) launched the Self Help Group (SHG) Savings Account with which key feature to promote financial inclusion?

(a) High minimum balance requirement

(b) Zero balance and zero charges account

(c) Interest-free savings account

(d) Corporate-only banking access

(e) Limited offline services only

2) As of March 2026, how many borrower entities have been acquired by the National Asset Reconstruction Company Limited (NARCL)?

(a) 25

(b) 28

(c) 30

(d) 33

(e) 36

3) In 2026, which global financial institution downgraded Indian equities from “overweight” to “neutral”?

(a) Goldman Sachs

(b) Morgan Stanley

(c) JPMorgan

(d) HSBC

(e) Citigroup

4) In 2026, which state introduced India’s first digital grievance redressal system for gig workers?

(a) Maharashtra

(b) Tamil Nadu

(c) Kerala

(d) Telangana

(e) Karnataka

5) In 2026, India deployed the Aarogya Maitri portable healthcare infrastructure in which country under the Humanitarian Assistance and Disaster Relief framework?

(a) Cuba

(b) Jamaica

(c) Barbados

(d) Trinidad and Tobago

(e) Dominican Republic

6) In 2026, the Kailash Mansarovar Yatra will be conducted through which two passes?

(a) Rohtang Pass and Zoji La Pass

(b) Khardung La Pass and Chang La Pass

(c) Shipki La Pass and Banihal Pass

(d) Lipulekh Pass and Nathu La Pass

(e) Nathula Pass and Jelep La Pass

7) In 2026, Indian scientist Parveen Shaikh received the Whitley Award for conservation of which species?

(a) Great Indian Bustard

(b) Snow Leopard

(c) Indian Skimmer

(d) Ganges River Dolphin

(e) Olive Ridley Turtle

8) In 2026, Mahendragiri (Yard 12654), a Nilgiri-class (Project 17A) warship, was built by which shipyard?

(a) Garden Reach Shipbuilders & Engineers (GRSE)

(b) Cochin Shipyard Limited (CSL)

(c) Goa Shipyard Limited (GSL)

(d) Hindustan Shipyard Limited (HSL)

(e) Mazagon Dock Shipbuilders Limited (MDSL)

9) In 2026, who has assumed charge as Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), Government of India?

(a) Rajesh Kumar Singh

(b) Bharat Khera

(c) Sanjay Malhotra

(d) Ajay Seth

(e) Vivek Joshi

10) In 2026, who was appointed as the Festival Director for the 57th International Film Festival of India (IFFI)?

(a) Shekhar Kapur

(b) Anurag Kashyap

(c) Karan Johar

(d) Rajkumar Hirani

(e) Ashutosh Gowariker

11) In 2026, who assumed charge as Secretary (Defence Finance), Ministry of Defence?

(a) Rajesh Kumar Singh

(b) Ajay Seth

(c) Vishvajit Sahay

(d) Sanjay Malhotra

(e) T. V. Somanathan

12)  In 2026, the Vikram-1 mission by Skyroot Aerospace is a demonstration flight carrying which type of payloads?

(a) CubeSats

(b) GeoSatellites

(c) NanoSatellites

(d) Communication Satellites

(e) Weather Satellites

13) In 2026, the state-level celebrations of Gujarat Foundation Day (Gujarat Gaurav Diwas) on May 1, were held in which city?

(a) Ahmedabad

(b) Surat

(c) Gandhinagar

(d) Vadodara

(e) Rajkot

14) In 2026, World Tuna Day is observed annually on which date?

(a) May 1

(b) May 3

(c) June 5

(d) April 22

(e) May 2

15) In 2026, who is the Cabinet Minister of the Ministry of Micro, Small & Medium Enterprises (MSME)?

(a) Piyush Goyal

(b) Narayan Rane

(c) Jitan Ram Manjhi

(d) Dharmendra Pradhan

(e) Ashwini Vaishnaw

Answers:

1) Answer: B

Short Explanation:

India Post Payments Bank (IPPB), a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications, has launched the Self Help Group (SHG) Savings Account to promote financial inclusion and women empowerment in rural India.

The service is supported by a large network of Postmen and Gramin Dak Sevaks (GDS), ensuring last-mile connectivity in rural areas.

The IPPB SHG Savings Account is a zero balance, zero charges account, ensuring affordability and accessibility for SHGs.

Detailed Explanation:

India Post Payments Bank (IPPB), a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications, has launched the Self Help Group (SHG) Savings Account to promote financial inclusion and women empowerment in rural India.

Self Help Groups (SHGs) play a crucial role in rural economic transformation and are linked with schemes like the National Rural Livelihoods Mission (NRLM) under the Ministry of Rural Development (MoRD) and initiatives supported by NABARD (National Bank for Agriculture and Rural Development).

IPPB leverages the extensive Postal Network of the Department of Posts (DoP) along with digital banking capabilities to provide doorstep banking services.

The service is supported by a large network of Postmen and Gramin Dak Sevaks (GDS), ensuring last-mile connectivity in rural areas.

The IPPB SHG Savings Account is a zero balance, zero charges account, ensuring affordability and accessibility for SHGs.

The account offers digital onboarding, making the process simple, paperless, and convenient.

2) Answer: D

Short Explanation:

The National Asset Reconstruction Company Limited (NARCL) has emerged as a key institution in India’s stressed asset resolution framework, supporting the banking sector balance sheet strengthening.

NARCL plays a crucial role in aggregating large stressed exposures and enabling their resolution through transparent and market-based mechanisms.

This has helped improve recovery outcomes and unlock value for lenders and financial institutions.

As of March 2026, NARCL has acquired 33 borrower entities with an aggregate debt exposure of ₹1,65,862 crore.

Detailed Explanation:

The National Asset Reconstruction Company Limited (NARCL) has emerged as a key institution in India’s stressed asset resolution framework, supporting the banking sector balance sheet strengthening.

NARCL plays a crucial role in aggregating large stressed exposures and enabling their resolution through transparent and market-based mechanisms.

This has helped improve recovery outcomes and unlock value for lenders and financial institutions.

As of March 2026, NARCL has acquired 33 borrower entities with an aggregate debt exposure of ₹1,65,862 crore.

 

3) Answer: C

Short Explanation:

JPMorgan Chase & Co. has downgraded Indian equities from “overweight” to “neutral”, citing elevated valuations compared to emerging market peers.

The downgrade reflects concerns over stretched market valuations in India, despite ongoing structural growth trends in the economy.

JPMorgan noted that India is making progress in areas such as AI startups, large investments in data centres, and chip design centres for global firms, indicating long-term technological development potential.

Detailed Explanation:

JPMorgan Chase & Co. has downgraded Indian equities from “overweight” to “neutral”, citing elevated valuations compared to emerging market peers.

The downgrade reflects concerns over stretched market valuations in India, despite ongoing structural growth trends in the economy.

JPMorgan noted that India is making progress in areas such as AI startups, large investments in data centres, and chip design centres for global firms, indicating long-term technological development potential.

However, it highlighted that India’s presence in these high-growth sectors remains limited, particularly within the large-cap stock index representation.

The report stated that India’s valuation gap with the MSCI Emerging Markets (EM) index has narrowed significantly, with the premium easing from 109% to 65%, indicating a partial market re-rating.

It has also participated in resolution processes under the Insolvency and Bankruptcy Code (IBC), strengthening the overall resolution ecosystem in India.

In FY 2025–26, NARCL recorded significant acceleration in recoveries, with ₹4,364 crore recovered, accounting for around 70% of cumulative recoveries.

Overall recoveries have been achieved in 23 accounts, totaling ₹6,345 crore, which represents more than 48% of acquisition cost.

 

4) Answer: E

Short Explanation:

Karnataka introduced India’s first digital grievance redressal system for gig workers, aiming to enhance transparency, accountability, and worker protection.

The system allows platform-based workers to register complaints related to wages, incentives, working conditions, and disputes with digital platforms.

The initiative is developed by the Karnataka Platform-based Gig Workers Board in collaboration with the Department of Electronic Governance Karnataka.

Detailed Explanation:

Karnataka introduced India’s first digital grievance redressal system for gig workers, aiming to enhance transparency, accountability, and worker protection.

The system allows platform-based workers to register complaints related to wages, incentives, working conditions, and disputes with digital platforms.

The initiative is developed by the Karnataka Platform-based Gig Workers Board in collaboration with the Department of Electronic Governance Karnataka.

Complaints can be filed through the Integrated Public Grievance Redressal System portal, enabling registration, tracking, and time-bound resolution.

Key features include real-time complaint tracking, addressing unfair practices, and ensuring timely grievance redressal.

The system creates an institutional mechanism linking gig workers, platform companies, and government authorities, improving regulatory oversight.

It addresses the lack of formal communication channels in the gig economy and provides recognition to gig workers.

 

5) Answer:B

Short Explanation:

India deployed the Aarogya Maitri portable healthcare infrastructure in Jamaica under the Humanitarian Assistance and Disaster Relief framework, strengthening India–Caribbean relations.

The initiative focuses on rapid medical response, humanitarian support, and technology-driven healthcare solutions.

Detailed Explanation:

India deployed the Aarogya Maitri portable healthcare infrastructure in Jamaica under the Humanitarian Assistance and Disaster Relief framework, strengthening India–Caribbean relations.

The initiative focuses on rapid medical response, humanitarian support, and technology-driven healthcare solutions.

Aarogya Maitri is a portable and modular healthcare system designed for quick deployment in disaster-affected areas.

It provides scalable medical facilities, enabling technology-enabled diagnosis and treatment during emergencies.

The deployment enhances cooperation between India and the Caribbean Community, promoting healthcare collaboration, disaster resilience, and capacity building.

The initiative is coordinated by the National Security Council Secretariat and the Ministry of External Affairs, ensuring effective global outreach and humanitarian response.

 

6) Answer: D

Short Explanation:

The Government of India announced that the Kailash Mansarovar Yatra 2026 will be conducted from June to August, marking progress in restoration of cross-border pilgrimage.

The yatra is organised by the Ministry of External Affairs in coordination with China.

It will be conducted through two routes: Lipulekh Pass in Uttarakhand and Nathu La Pass in Sikkim.

Detailed Explanation:

The Government of India announced that the Kailash Mansarovar Yatra 2026 will be conducted from June to August, marking progress in restoration of cross-border pilgrimage.

The yatra is organised by the Ministry of External Affairs in coordination with China.

It will be conducted through two routes: Lipulekh Pass in Uttarakhand and Nathu La Pass in Sikkim.

The Lipulekh Pass route is traditional and physically demanding, involving trekking through Himalayan terrain.

The Nathu La Pass route is comparatively easier, with most travel done by vehicles, suitable for elderly pilgrims.

The yatra will be conducted in 20 batches, each comprising 50 pilgrims, with 10 batches through each route, allowing participation of around 1,000 pilgrims.

Applications can be submitted through the official portal, and selection will be done through a computer-generated random process, ensuring fairness and gender balance.

 

7) Answer: C

Short Explanation:

Indian scientist Parveen Shaikh received the 2026 Whitley Award from the Whitley Fund for Nature for her work in protecting the endangered Indian Skimmer.

The award was presented at the Royal Geographical Society by Princess Anne, recognising global impact of community-led conservation.

Detailed Explanation:

Indian scientist Parveen Shaikh received the 2026 Whitley Award from the Whitley Fund for Nature for her work in protecting the endangered Indian Skimmer.

The award was presented at the Royal Geographical Society by Princess Anne, recognising global impact of community-led conservation.

The Indian Skimmer is a rare river bird, identified by its bright orange bill and unique skimming feeding technique.

India hosts over 90 per cent of the global population, estimated at around 3,000 birds, nesting on sandbars and mid-river islands.

The species faces threats from habitat loss, river flow changes, pollution, and human disturbance, leading to decline across South and Southeast Asia.

 

8) Answer: E

Short Explanation:

Mahendragiri (Yard 12654), the sixth ship of Nilgiri-class (Project 17A) and the fourth ship built at Mazagon Dock Shipbuilders Limited (MDSL), was delivered to the Indian Navy in Mumbai.

The delivery marks a major milestone in achieving self-reliance (Aatmanirbharta) in warship design and construction.

Project 17A frigates are multi-mission stealth warships designed to address current and emerging maritime challenges.

Detailed Explanation:

Mahendragiri (Yard 12654), the sixth ship of Nilgiri-class (Project 17A) and the fourth ship built at Mazagon Dock Shipbuilders Limited (MDSL), was delivered to the Indian Navy in Mumbai.

The delivery marks a major milestone in achieving self-reliance (Aatmanirbharta) in warship design and construction.

Project 17A frigates are multi-mission stealth warships designed to address current and emerging maritime challenges.

These frigates represent a quantum leap in naval design, stealth, firepower, automation, and survivability.

The ships are designed by the Warship Design Bureau (WDB) and overseen by the Warship Overseeing Team (Mumbai).

The project follows the concept of Integrated Construction, ensuring timely delivery and efficient shipbuilding processes.

P17A ships are equipped with more advanced weapon and sensor systems compared to the earlier P17 (Shivalik-class) frigates.

9) Answer: B

Short Explanation:

Shri Bharat Khera has assumed charge as Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.

He is a 1995-batch Indian Administrative Service (IAS) officer of the Himachal Pradesh cadre with over three decades of administrative experience in both Central and State Governments.

Prior to this role, he served as Additional Secretary, Department of Consumer Affairs.

Detailed Explanation:

Shri Bharat Khera has assumed charge as Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.

He is a 1995-batch Indian Administrative Service (IAS) officer of the Himachal Pradesh cadre with over three decades of administrative experience in both Central and State Governments.

Prior to this role, he served as Additional Secretary, Department of Consumer Affairs.

He worked as Joint Secretary in the Ministry of Defence (November 2014 – February 2020), handling matters related to the Indian Air Force as Joint Secretary (Air).

He was responsible for coordinating national ceremonial events, including Republic Day celebrations (2017–2020) for four consecutive years.

He also oversaw work related to the Border Roads Organisation (BRO) and international defence cooperation.

10) Answer: E

Short Explanation:

The Ministry of Information & Broadcasting (MIB) has appointed noted filmmaker Ashutosh Gowariker as the Festival Director for the 57th International Film Festival of India (IFFI) to be held in Goa.

Ashutosh Gowariker is an acclaimed Indian filmmaker known for his significant contribution to Indian cinema and has maintained a long association with IFFI spanning several decades.

Detailed Explanation:

The Ministry of Information & Broadcasting (MIB) has appointed noted filmmaker Ashutosh Gowariker as the Festival Director for the 57th International Film Festival of India (IFFI) to be held in Goa.

Ashutosh Gowariker is an acclaimed Indian filmmaker known for his significant contribution to Indian cinema and has maintained a long association with IFFI spanning several decades.

The 57th edition of IFFI is scheduled to be held in November 2026 in Goa.

The International Film Festival of India (IFFI) was established in 1952 and is regarded as Asia’s oldest and premier film festival.

IFFI serves as a major platform for showcasing global cinema, promoting cultural exchange, and encouraging artistic collaboration.

The festival is jointly organised by the National Film Development Corporation (NFDC) under the Ministry of Information & Broadcasting along with the Entertainment Society of Goa, Government of Goa.

 

11) Answer: C

Short Explanation:

Shri Vishvajit Sahay, a 1990-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Secretary (Defence Finance), Ministry of Defence on 1 May 2026.

Prior to this appointment, he served as the Controller General of Defence Accounts (CGDA), playing a key role in financial oversight and governance in defence establishments.

Detailed Explanation:

Shri Vishvajit Sahay, a 1990-batch officer of the Indian Defence Accounts Service (IDAS), assumed charge as Secretary (Defence Finance), Ministry of Defence on 1 May 2026.

Prior to this appointment, he served as the Controller General of Defence Accounts (CGDA), playing a key role in financial oversight and governance in defence establishments.

During his career, he has held several important positions including Additional Secretary & Financial Adviser in the Department of Science and Technology.

He also served as Joint Secretary in the Department of Heavy Industries and Finance Manager (Acquisition Wing) in the Ministry of Defence.

He worked as Director in the Ministry of Information and Broadcasting, gaining multi-sector administrative experience.

 

12) Answer: A

Short Explanation:

A. Revanth Reddy, Chief Minister of Telangana, flagged off the flight hardware of Vikram-1, India’s first privately built orbital rocket, developed by Skyroot Aerospace Private Limited.

The hardware was flagged off from the Max-Q campus in Hyderabad, Telangana to the Satish Dhawan Space Centre (SDSC), Sriharikota (Andhra Pradesh) for integration.

The mission is a demonstration flight carrying CubeSats to validate the rocket’s orbital capabilities.

Detailed Explanation:

A. Revanth Reddy, Chief Minister of Telangana, flagged off the flight hardware of Vikram-1, India’s first privately built orbital rocket, developed by Skyroot Aerospace Private Limited.

The hardware was flagged off from the Max-Q campus in Hyderabad, Telangana to the Satish Dhawan Space Centre (SDSC), Sriharikota (Andhra Pradesh) for integration.

Vikram-1 is India’s maiden privately developed orbital launch vehicle, marking a major milestone in the country’s private space sector development.

The mission is a demonstration flight carrying CubeSats to validate the rocket’s orbital capabilities.

The rocket is a multi-stage launch vehicle designed to carry payloads of up to 350 kg into Low Earth Orbit (LEO), located between 160 km and 2,000 km above Earth.

The mission is tentatively scheduled for June 2026, subject to approval from IN-SPACe (Indian National Space Promotion and Authorization Center) under the Department of Space (DoS), with technical oversight from ISRO.

13) Answer: B

Gujarat Foundation Day, also known as Gujarat Gaurav Diwas, is celebrated every year on May 1 to mark the formation of Gujarat in 1960 after separation from Bombay State.

In 2026, the state-level celebrations are held in Surat, featuring cultural programmes and police motorcycle stunts, reflecting a blend of tradition and modern progress.

14) Answer: E

World Tuna Day is observed every year on May 2 to raise awareness about the importance of tuna conservation.

The day was established by the United Nations General Assembly and has been observed annually since 2017.

Tuna is an economically important fish species, widely consumed and significant for global food security and livelihoods.

15) Answer: C

About Ministry of Micro,Small & Medium Enterprises :

Cabinet Minister : Jitan Ram Manjhi

Minister of State : Shobha Karandlaje