Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of  04th September 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) As per the recent RBI amendment, which organisation’s equity shares have been added to the list of permissible investments for Urban Co-operative Banks (UCBs) to acquire membership?

(a) National Payments Corporation of India (NPCI)

(b) Indian Digital Payment Intelligence Corporation (IDPIC)

(c) Digital Payment Security Corporation (DPSC)

(d) Indian Cyber Fraud Prevention Corporation (ICFPC)

(e) Financial Intelligence Unit–India (FIU-IND)

 

2) As per the RBI Balance of Payments data, India’s Current Account Deficit (CAD) widened to what amount in Q1 FY2026–27?

(a) USD 3.4 billion

(b) USD 4.2 billion

(c) USD 5.2 billion

(d) USD 6.1 billion

(e) USD 10.5 billion

3) As per the official data released on 1 September 2026, India’s gross GST collections increased by what percentage year-on-year in August 2026?

(a) 8.3%

(b) 9.3%

(c) 12.5%

(d) 14.8%

(e) 17.4%

 

4) With reference to the recent LIC launches, consider the following statements:

1. LIC Bima Platinum (Plan 770) is a non-linked, non-participating individual savings and protection plan.
2. LIC Jeevan Raksha (Plan 894) is a non-linked, non-participating pure risk plan.
3. The minimum Basic Sum Assured under LIC Bima Platinum is ₹3 lakh, while under LIC Jeevan Raksha it is ₹5 lakh.

Which of the statements given above is/are correct?

(a) Only 1 and 2

(b) Only 2 and 3

(c) Only 1 and 3

(d) All the above

(e) None of the above

5) With reference to the NPCI data on UPI transactions in August 2026, consider the following statements:

1. UPI transactions reached a record 24.51 billion in August 2026.
2. The value of UPI transactions stood at ₹29.82 lakh crore in August 2026.
3. Average daily UPI transactions increased to 791 million in August 2026.

Which of the statements given above is/are correct?

(a) Only 1

(b) Only 2

(c) Only 1 and 2

(d) All the above

(e) None of the above

 

6) With reference to India’s trial Index of Services Production (ISP), consider the following statements:

1. The ISP has been introduced as India’s first monthly measure of short-term activity in the formal services sector.
2. The ISP covers 18 sub-sectors and uses 2024–25 as the base year.
3. Debjani Ghosh chaired the Technical Advisory Committee on Index of Services Production (TAC-ISP).

Which of the statements given above is/are correct?

(a) Only 1

(b) Only 2

(c) Only 1 and 3

(d) All the above

(e) None of the above

7) As per the recent announcement, which agency upgraded India’s Long-Term Foreign Currency and Local Currency Issuer Ratings from ‘BBB+’ to ‘A-’?

(a) Moody’s Ratings

(b) S&P Global Ratings

(c) Fitch Ratings

(d) Japan Credit Rating Agency (JCR)

(e) CRISIL Ratings

 

8) As per the recent announcement, which company merged with InsuranceDekho to create India’s largest AI-enabled insurance distribution platform?

(a) PolicyBazaar

(b) RenewBuy

(c) Girnar Insurance

(d) D2c Insurance

(e) Coverfox

 

9) As per the recent IFSCA data, how much was sanctioned by 20 IFSC Banking Units (IBUs) under the RBI’s special swap facility for FCNR(B) deposits as of 31 August 2026?

(a) USD 28.60 billion

(b) USD 37.26 billion

(c) USD 52.82 billion

(d) USD 54.02 billion

(e) USD 11.62 billion

 

10) As per the recent announcement, what is the base year adopted in the National Accounts Statistics (NAS) – 2026 for national account estimates?

(a) 2011–12

(b) 2015–16

(c) 2017–18

(d) 2022–23

(e) 2023–24

11) As per the recent data, what was India’s fiscal deficit during April–July 2026 as a percentage of the full-year target?

(a) 26.8%

(b) 29.9%

(c) 4.3%

(d) 30.5%

(e) 25.6%

 

12) As per the recent announcement, which bank entered into an MoU with Oriental Insurance Company Limited (OICL) to provide Salary Package Benefits to its employees?

(a) Bank of Baroda

(b) Punjab National Bank (PNB)

(c) Canara Bank

(d) Union Bank of India

(e) Indian Bank

 

13) With reference to India’s trade data for July 2026, consider the following statements:

India’s total exports of merchandise and services increased by 13.31% YoY to USD 80.14 billion in July 2026.

India’s total imports increased by 15.83% YoY to USD 95.16 billion in July 2026.

India’s overall trade deficit widened to USD 15.03 billion in July 2026.

Which of the statements given above is/are correct?

(a) Only 1

(b) Only 2

(c) Only 1 and 2

(d) All the above

(e) None of the above

 

14) As per the Tamil Nadu Business Facilitation (Amendment) Bill, 2026, what is the proposed maximum processing time for various business and regulatory clearances?

(a) 7 days

(b) 14 days

(c) 21 days

(d) 30 days

(e) 45 days

 

15) As per the recent announcement, with the support of which organisation will the proposed Coconut Park be established in Kerala?

(a) National Coconut Development Mission

(b) Coconut Development Board

(c) National Horticulture Board

(d) Agricultural and Processed Food Products Export Development Authority (APEDA)

(e) Food Safety and Standards Authority of India (FSSAI)

 

16) As per the recent announcement, where will the world-class Tamil Nadu Olympic City be established?

(a) Coimbatore

(b) Madurai

(c) Salem

(d) Tiruchirappalli

(e) Chennai

 

17) As per the recent announcement, which temple in Telangana has been notified as a Monument of National Importance by the Archaeological Survey of India?

(a) Ramappa Temple

(b) Thousand Pillar Temple

(c) Gollala Gudi Temple

(d) Bhadrakali Temple

(e) Kakatiya Kala Thoranam

 

18) As per the recently finalised national minimum standards for mortuary and post-mortem infrastructure, what temperature range should dead-body cold storage units maintain?

(a) 0°C to 4°C

(b) 2°C to 6°C

(c) 4°C to 8°C

(d) 6°C to 10°C

(e) 8°C to 12°C

 

19) As per the recent announcement, what is the total estimated cost of the Veligonda Irrigation Project?

(a) ₹7,983 crore

(b) ₹8,500 crore

(c) ₹9,200 crore

(d) ₹10,200 crore

(e) ₹11,500 crore

 

20) As per the Monthly Accounts of the Union Government up to July 2026, what percentage of the corresponding Budget Estimates for FY 2026–27 did the Government of India’s total receipts represent?

(a) 32.9%

(b) 35.8%

(c) 30.5%

(d) 29.9%

(e) 38.5%

 

21) As per the announcement, in which category was Rimo Saha selected for the Tenzing Norgay National Adventure Awards 2024?

(a) Land Adventure

(b) Water Adventure

(c) Air Adventure

(d) Lifetime Achievement

(e) None of the above

22) As per the recent RBI announcement, who was appointed as Executive Director (ED) of the Reserve Bank of India with effect from 1 September 2026?

(a) Suman Ray

(b) Shaktikanta Das

(c) T. Rabi Sankar

(d) M. Rajeshwar Rao

(e) Sanjay Malhotra

 

23) As per the recent announcement, who was appointed as the first Chief Executive Officer (CEO) of the Shri Ram Janmabhoomi Teerth Kshetra Trust?

(a) Air Marshal Jeetendra Mishra (Retd.)

(b) Air Marshal R. K. Anand (Retd.)

(c) General Manoj Pande (Retd.)

(d) Air Marshal A. P. Singh (Retd.)

(e) Lieutenant General Anil Chauhan (Retd.)

24) As per the recent announcement, who was onboarded as the brand ambassador of Vodafone Idea (Vi)?

(a) Salman Khan

(b) Akshay Kumar

(c) Amitabh Bachchan

(d) Ranveer Singh

(e) Shah Rukh Khan

 

25) As per the recent announcement, how many Army Stations does the Indian Army plan to convert to Piped Natural Gas (PNG) during FY 2026–27?

(a) 21

(b) 31

(c) 41

(d) 51

(e) 61

 

26) As per the recent announcement, from which location did Russia successfully conduct the test launch of the RS-24 Yars Intercontinental Ballistic Missile (ICBM)?

(a) Baikonur Cosmodrome

(b) Vostochny Cosmodrome

(c) Plesetsk Cosmodrome

(d) Kapustin Yar

(e) Svobodny Cosmodrome

 

27) As per the recent announcement, which company launched ‘Agni Kawach’, and what does BLEVE stand for?

(a) Agnikawach Safety Solutions Private Limited – Boiling Liquid Expanding Vapor Explosion

(b) Bharat Electronics Limited – Basic Liquid Energy Vapour Emission

(c) Hindustan Aeronautics Limited – Boiling Liquid Emergency Vapour Explosion

(d) Tata Advanced Systems Limited – Binary Liquid Expanding Vapour Effect

(e) Larsen & Toubro Limited – Basic Liquid Expanding Vapor Energy

 

28) As per the recent announcement, what ESG score did Adani Energy Solutions Limited (AESL) achieve globally in the utilities sector?

(a) 81

(b) 84

(c) 89

(d) 90

(e) 93

 

29) As per the recent announcement, which institution signed an MoU with the Ministry of Statistics and Programme Implementation to develop a Predictive and Analytical Framework for Monthly Consumption Expenditures in India?

(a) Indian Statistical Institute

(b) Thapar Institute of Engineering and Technology

(c) IIT Delhi

(d) Jawaharlal Nehru University

(e) University of Delhi

 

30) As per the recent announcement, which two organisations signed an MoU to strengthen ties between the in-house legal communities of Singapore and India?

(a) Singapore Corporate Counsel Association and General Counsels’ Association of India

(b) Singapore Law Society and Bar Council of India

(c) Singapore Corporate Lawyers Forum and Indian Legal Council

(d) Singapore Business Association and General Counsels’ Association of India

(e) Singapore International Arbitration Centre and Bar Council of India

 

31) As per the recent announcement, which cities in India will host the inaugural ICC Women’s Champions Trophy 2027?

(a) Delhi and Mumbai

(b) Mumbai and Vadodara

(c) Chennai and Bengaluru

(d) Kolkata and Hyderabad

(e) Ahmedabad and Pune

 

32) As per the recent observance, Skyscraper Day is celebrated annually on which date?

(a) September 1

(b) September 2

(c) September 3

(d) September 4

(e) September 5

 

33) As per the recent data, UPI is currently accepted in how many countries, with Uzbekistan being the latest addition?

(a) 8 countries

(b) 9 countries

(c) 10 countries

(d) 11 countries

(e) 12 countries

 

34) As per the recent announcement, which financial centre has been directed to be leveraged by Public Sector Banks (PSBs) for implementing RBI’s swap facilities for FCNR(B) deposits and ECBs?

(a) Mumbai International Financial Centre

(b) GIFT-IFSC

(c) Gujarat International Finance Centre

(d) Bengaluru Financial City

(e) International Financial Hub

35) As per the recent news, Kerala’s first private medical museum has been established in which city?

(a) Thiruvananthapuram

(b) Kozhikode

(c) Kochi

(d) Thrissur

(e) Kollam

 

Answers:

1) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) amended the investment norms for Urban Co-operative Banks (UCBs) on 2 September 2026, allowing them to acquire equity shares of the Indian Digital Payment Intelligence Corporation (IDPIC).

The amendment enables UCBs to obtain membership of India’s central digital payment fraud intelligence platform, strengthening their participation in combating digital payment fraud.

The change was introduced following the establishment of IDPIC as India’s central platform for digital payment fraud intelligence.

Detailed Explanation:

The Reserve Bank of India (RBI) amended the investment norms for Urban Co-operative Banks (UCBs) on 2 September 2026, allowing them to acquire equity shares of the Indian Digital Payment Intelligence Corporation (IDPIC).

The amendment enables UCBs to obtain membership of India’s central digital payment fraud intelligence platform, strengthening their participation in combating digital payment fraud.

The change was introduced following the establishment of IDPIC as India’s central platform for digital payment fraud intelligence.

Under the revised directions, equity shares of IDPIC have been added to the list of permissible investments that UCBs can make when such investment is required to acquire membership of eligible organisations.

The Amendment Directions were issued under Section 35A of the Banking Regulation Act, 1949, read with Section 56 and other enabling provisions of law.

The RBI stated that it was satisfied that the amendment was necessary and expedient in the public interest.

The Indian Digital Payment Intelligence Corporation (IDPIC) is India’s central non-profit hub designed to detect and prevent digital payment fraud in real time across the financial ecosystem.

 

2) Answer: B

Short Explanation:

India’s Current Account Deficit (CAD) widened to USD 4.2 billion, or 0.5% of GDP, in Q1 FY2026–27 (April–June 2026), compared with USD 3.4 billion, or 0.4% of GDP, in Q1 FY2025–26.

The widening of the CAD was mainly driven by a sharp increase in the merchandise trade deficit, amid the West Asia conflict.

According to the Reserve Bank of India (RBI) Balance of Payments (BoP) data, India’s merchandise trade deficit increased to USD 86.1 billion in Q1 FY2026–27 from USD 68.9 billion in the corresponding quarter of FY2025–26.

The impact of the higher merchandise trade deficit was partly offset by stronger net services receipts, which increased to USD 51.6 billion in Q1 FY2026–27 from USD 47.9 billion a year earlier.

Detailed Explanation:

India’s Current Account Deficit (CAD) widened to USD 4.2 billion, or 0.5% of GDP, in Q1 FY2026–27 (April–June 2026), compared with USD 3.4 billion, or 0.4% of GDP, in Q1 FY2025–26.

The widening of the CAD was mainly driven by a sharp increase in the merchandise trade deficit, amid the West Asia conflict.

According to the Reserve Bank of India (RBI) Balance of Payments (BoP) data, India’s merchandise trade deficit increased to USD 86.1 billion in Q1 FY2026–27 from USD 68.9 billion in the corresponding quarter of FY2025–26.

The impact of the higher merchandise trade deficit was partly offset by stronger net services receipts, which increased to USD 51.6 billion in Q1 FY2026–27 from USD 47.9 billion a year earlier.

Services exports recorded year-on-year growth across major segments, including computer services, other business services and transportation services.

The net outgo under the primary income account declined to USD 10.5 billion in Q1 FY2026–27 from USD 13.3 billion in Q1 FY2025–26, mainly due to lower investment income payments.

Personal transfer receipts, mainly representing remittances from Indians employed overseas, increased significantly to USD 42.9 billion in Q1 FY2026–27 from USD 33.2 billion in the year-ago quarter.

Net Foreign Direct Investment (FDI) inflows increased to USD 6.1 billion in Q1 FY2026–27 from USD 5.2 billion in Q1 FY2025–26.

 

3) Answer: D

Short Explanation:

India’s Gross Goods and Services Tax (GST) collections increased by 14.8% year-on-year to ₹1,99,853 crore (nearly ₹2 lakh crore) in August 2026, according to official data released on 1 September 2026.

The August 2026 GST collection reflects the business activity of July 2026.

Net GST collections after adjusting for refunds stood at ₹1.68 lakh crore, registering 8.3% year-on-year growth.

The comparatively lower growth in net GST collections was mainly due to the significant increase in GST refunds.

The GST collection for August 2025 was revised downward from the originally reported ₹1.86 lakh crore to ₹1.74 lakh crore, resulting in the revised 14.8% year-on-year growth in August 2026.

Detailed Explanation:

India’s Gross Goods and Services Tax (GST) collections increased by 14.8% year-on-year to ₹1,99,853 crore (nearly ₹2 lakh crore) in August 2026, according to official data released on 1 September 2026.

The August 2026 GST collection reflects the business activity of July 2026.

Net GST collections after adjusting for refunds stood at ₹1.68 lakh crore, registering 8.3% year-on-year growth.

The comparatively lower growth in net GST collections was mainly due to the significant increase in GST refunds.

The GST collection for August 2025 was revised downward from the originally reported ₹1.86 lakh crore to ₹1.74 lakh crore, resulting in the revised 14.8% year-on-year growth in August 2026.

If the August 2025 GST collection had not been revised downward, the growth in August 2026 would have been around 7%.

Gross GST revenue before accounting for refunds stood at ₹1.99 trillion in August 2026, registering 14.8% annual growth.

Gross GST revenue from domestic transactions increased by 9.3% year-on-year to around ₹1.37 lakh crore.

4) Answer: D

Short Explanation:

Life Insurance Corporation of India (LIC) launched two new non-linked, non-participating insurance plans—LIC Bima Platinum (Plan 770) and LIC Jeevan Raksha (Plan 894)—to mark its 70th anniversary.

The two plans were launched by R. Doraiswamy, CEO and Managing Director (MD) of LIC, in Mumbai, Maharashtra, on 1 September 2026.

Both insurance plans will be available from 7 September 2026 through online platforms and offline distribution channels across India.

LIC Bima Platinum (Plan 770) is a Non-Participating (Non-Par), Non-Linked, individual savings and protection plan with a limited premium payment structure.

LIC Jeevan Raksha (Plan 894) is a Non-Participating, Non-Linked, Pure Risk Plan designed to provide financial protection to the insured’s family in case of death during the policy term.

LIC Bima Platinum provides guaranteed additions of ₹70 per ₹1,000 of annual premium paid during the Premium Paying Term (PPT), with the additions accruing at the end of each year during the PPT.

Under LIC Jeevan Raksha, the minimum Basic Sum Assured is ₹5 lakh and the maximum is ₹24 lakh, subject to acceptance under the Board-approved underwriting policy.

The Basic Sum Assured under Jeevan Raksha is available in multiples of ₹50,000 for ₹5–7 lakh and ₹1 lakh above ₹7 lakh.

Detailed Explanation:

Life Insurance Corporation of India (LIC) launched two new non-linked, non-participating insurance plans—LIC Bima Platinum (Plan 770) and LIC Jeevan Raksha (Plan 894)—to mark its 70th anniversary.

The two plans were launched by R. Doraiswamy, CEO and Managing Director (MD) of LIC, in Mumbai, Maharashtra, on 1 September 2026.

Both insurance plans will be available from 7 September 2026 through online platforms and offline distribution channels across India.

LIC Bima Platinum (Plan 770) is a Non-Participating (Non-Par), Non-Linked, individual savings and protection plan with a limited premium payment structure.

Under LIC Bima Platinum, the minimum Basic Sum Assured (BSA) is ₹3 lakh, with no upper limit, subject to the insurer's underwriting policy. The sum assured is available in multiples of ₹10,000.

LIC Bima Platinum provides guaranteed additions of ₹70 per ₹1,000 of annual premium paid during the Premium Paying Term (PPT), with the additions accruing at the end of each year during the PPT.

LIC Bima Platinum also offers regular income benefits and booster income benefits, combining long-term savings with financial protection.

LIC Jeevan Raksha (Plan 894) is a Non-Participating, Non-Linked, Pure Risk Plan designed to provide financial protection to the insured’s family in case of death during the policy term.

Under LIC Jeevan Raksha, the minimum Basic Sum Assured is ₹5 lakh and the maximum is ₹24 lakh, subject to acceptance under the Board-approved underwriting policy.

The Basic Sum Assured under Jeevan Raksha is available in multiples of ₹50,000 for ₹5–7 lakh and ₹1 lakh above ₹7 lakh.

 

5) Answer: D

Short Explanation:

According to data released by the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) transactions reached a record 24.51 billion in August 2026.

The value of UPI transactions stood at ₹29.82 lakh crore (₹29.82 trillion) in August 2026.

Average daily UPI transactions increased to 791 million in August 2026, from 763 million in July 2026.

Daily UPI transaction value stood at approximately ₹96,205 crore in August, compared with ₹96,383 crore in July.

Detailed Explanation:

According to data released by the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) transactions reached a record 24.51 billion in August 2026.

The value of UPI transactions stood at ₹29.82 lakh crore (₹29.82 trillion) in August 2026.

UPI transaction volume increased by 3.6% from 23.66 billion in July 2026, while transaction value declined marginally by 0.2% from ₹29.88 lakh crore.

August 2026 marked the second consecutive month of record UPI transaction volume, following the record of 23.66 billion transactions in July 2026.

The highest-ever UPI transaction value was recorded in May 2026 at ₹29.9 lakh crore, across 23.2 billion transactions.

Compared with August 2025, UPI transaction volume increased by 22%, while transaction value increased by 20%.

Average daily UPI transactions increased to 791 million in August 2026, from 763 million in July 2026.

Daily UPI transaction value stood at approximately ₹96,205 crore in August, compared with ₹96,383 crore in July.

IMPS (Immediate Payment Service) transactions declined by more than 1% to 360 million in August 2026, compared with 364 million in July.

The value of IMPS transactions declined by around 1% to ₹7.04 lakh crore in August from ₹7.11 lakh crore in July.

Compared with August 2025, IMPS transaction volume declined by 25%, while its transaction value increased by 18%.

 

6) Answer: C

Short Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) released India’s trial Index of Services Production (ISP) covering 19 sub-sectors, with 2024–25 as the base year.

The ISP provides India’s first monthly measure of short-term activity in the formal services sector, making it an important indicator of services-sector performance.

The Index of Services Production (ISP) has been developed under the guidance of the Technical Advisory Committee on Index of Services Production (TAC-ISP).

Debjani Ghosh, Distinguished Fellow of NITI Aayog, chaired the Technical Advisory Committee on ISP (TAC-ISP).

Detailed Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) released India’s trial Index of Services Production (ISP) covering 19 sub-sectors, with 2024–25 as the base year.

The ISP provides India’s first monthly measure of short-term activity in the formal services sector, making it an important indicator of services-sector performance.

The Index of Services Production (ISP) has been developed under the guidance of the Technical Advisory Committee on Index of Services Production (TAC-ISP).

Debjani Ghosh, Distinguished Fellow of NITI Aayog, chaired the Technical Advisory Committee on ISP (TAC-ISP).

The ISP is compiled using multiple data sources, including Goods and Services Tax (GST) data, administrative records, and the Annual Survey of Incorporated Services Sector Enterprises (ASISSE).

Administrative records used for the ISP include data from sectors such as railways, air transport, banking and insurance.

In June 2026, 18 out of 19 sub-sectors recorded positive year-on-year growth, indicating broad-based expansion in the formal services sector.

In June 2026, 8 out of 19 sub-sectors registered double-digit year-on-year growth

 

7) Answer: D

Short Explanation:

Japan Credit Rating Agency (JCR) upgraded India’s Long-Term Foreign Currency and Local Currency Issuer Ratings by one notch, from ‘BBB+’ to ‘A-’.

JCR maintained a stable Outlook for India and also upgraded India’s Country Ceiling by one notch from ‘BBB+’ to ‘A’.

The rating upgrade reflects India’s solid economic growth, effective economic policies, strengthened economic foundations, and improved soundness of the financial system.

Detailed Explanation:

Japan Credit Rating Agency (JCR) upgraded India’s Long-Term Foreign Currency and Local Currency Issuer Ratings by one notch, from ‘BBB+’ to ‘A-’.

JCR maintained a stable Outlook for India and also upgraded India’s Country Ceiling by one notch from ‘BBB+’ to ‘A’.

The rating upgrade reflects India’s solid economic growth, effective economic policies, strengthened economic foundations, and improved soundness of the financial system.

JCR noted that India’s economy continues to maintain a high growth rate, supported by robust private consumption and public investment.

India’s Real GDP growth remained at 7.8% in FY26, according to the latest estimates released by the Ministry of Statistics and Programme Implementation (MoSPI).

India’s Real GDP grew by 7.8% in Q1 FY27, despite prevailing global economic headwinds, indicating continued growth momentum.

JCR highlighted policies supporting productivity growth and economic development, including Digital Public Infrastructure (DPI) and implementation of the Goods and Services Tax (GST).

 

8) Answer: B

Short Explanation:

InsuranceDekho (Girnar Insurance Brokers Private Limited) and RenewBuy (D2c Insurance Broking Private Limited) have merged to create India’s largest AI-enabled insurance distribution platform, based on Point of Sales Person (PoSP)-driven premium generated in FY 2025–26.

The merged entity will operate under the InsuranceDekho brand and will be led by Ankit Agrawal as its Chief Executive Officer (CEO).

The founders of both InsuranceDekho and RenewBuy will continue in key leadership roles to oversee the merged entity’s strategy and business execution.

The combined entity has a premium book exceeding ₹6,600 crore, highlighting its large-scale insurance distribution operations.

The platform has a network of over 6 lakh digital partners and covered 98.57% of India’s pin codes as of March 31, 2026.

Detailed Explanation:

InsuranceDekho (Girnar Insurance Brokers Private Limited) and RenewBuy (D2c Insurance Broking Private Limited) have merged to create India’s largest AI-enabled insurance distribution platform, based on Point of Sales Person (PoSP)-driven premium generated in FY 2025–26.

The merged entity will operate under the InsuranceDekho brand and will be led by Ankit Agrawal as its Chief Executive Officer (CEO).

The founders of both InsuranceDekho and RenewBuy will continue in key leadership roles to oversee the merged entity’s strategy and business execution.

The combined entity has a premium book exceeding ₹6,600 crore, highlighting its large-scale insurance distribution operations.

The platform has a network of over 6 lakh digital partners and covered 98.57% of India’s pin codes as of March 31, 2026.

Since inception, the two companies together have facilitated the issuance of more than 2 crore insurance policies.

The merger strategically combines InsuranceDekho’s strong distribution network in northern and western India with RenewBuy’s established presence in southern India, creating pan-India coverage.

The integrated platform will combine InsuranceDekho’s real-time insurance-plan recommendation tools with RenewBuy’s technology stack.

The AI-first platform will support automated partner onboarding, integrated digital policy issuance and AI-powered advisory services.

The platform will operate as an open multi-insurer ecosystem, offering more than 750 insurance products from 52 insurers.

 

9) Answer: D

Short Explanation:

The International Financial Services Centres Authority (IFSCA) highlighted the growing role of GIFT City IFSC in India’s foreign currency mobilisation and external financing requirements.

As of 31 August 2026, 20 IFSC Banking Units (IBUs) had sanctioned USD 54.02 billion under the RBI’s special swap facility for FCNR(B) deposits, of which approximately USD 52.82 billion had already been disbursed.

Sanctions under the FCNR(B) swap facility increased rapidly from USD 28.60 billion on 14 August 2026 to USD 37.26 billion on 21 August 2026 and further to USD 54.02 billion on 31 August 2026.

Detailed Explanation:

The International Financial Services Centres Authority (IFSCA) highlighted the growing role of GIFT City IFSC in India’s foreign currency mobilisation and external financing requirements.

As of 31 August 2026, 20 IFSC Banking Units (IBUs) had sanctioned USD 54.02 billion under the RBI’s special swap facility for FCNR(B) deposits, of which approximately USD 52.82 billion had already been disbursed.

Sanctions under the FCNR(B) swap facility increased rapidly from USD 28.60 billion on 14 August 2026 to USD 37.26 billion on 21 August 2026 and further to USD 54.02 billion on 31 August 2026.

The 20 participating IBUs include both leading Indian banks and foreign banks, demonstrating the depth and capability of the GIFT-IFSC banking ecosystem.

The FCNR(B) swap facility demonstrates the ability of GIFT-IFSC to connect Indian banking units with global sources of foreign currency liquidity and channel international capital towards India.

From April to August 2026, IBUs at GIFT-IFSC disbursed USD 11.62 billion in External Commercial Borrowings (ECBs).

Monthly ECB disbursements through GIFT-IFSC increased from USD 1.54 billion in April 2026 to USD 3.54 billion in August 2026, highlighting its growing importance in cross-border financing.

 

10) Answer: D

Short Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) released the National Accounts Statistics (NAS) – 2026 publication, adopting 2022–23 as the base year for national account estimates.

NAS 2026 presents 60 statements based on the updated Final Estimates for FY2022–23 (FY23), FY2023–24 (FY24) and the First Revised Estimate for FY2024–25 (FY25).

The publication provides comprehensive data on major macro-economic aggregates, including production and value added, consumption and expenditure, savings and capital formation, public sector transactions, and external transactions.

Detailed Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) released the National Accounts Statistics (NAS) – 2026 publication, adopting 2022–23 as the base year for national account estimates.

NAS 2026 presents 60 statements based on the updated Final Estimates for FY2022–23 (FY23), FY2023–24 (FY24) and the First Revised Estimate for FY2024–25 (FY25).

The publication provides comprehensive data on major macro-economic aggregates, including production and value added, consumption and expenditure, savings and capital formation, public sector transactions, and external transactions.

NAS 2026 covers important national economic indicators such as Gross Domestic Product (GDP) and National Income, along with other key macro-economic measures.

The revised national accounts estimates incorporate updated statistical series, including the Producer Price Index (PPI) with the 2022–23 base year.

The revised estimates also incorporate the Index of Industrial Production (IIP) with the 2022–23 base year.

The Banking Services Price Index (BkSPI) has also been incorporated into the revised national accounts framework with 2022–23 as the base year.

11) Answer: A

Short Explanation:

India’s fiscal deficit stood at ₹4,55,144 crore, or 26.8% of the full-year target, during April–July 2026 (first four months of FY2026–27).

The fiscal deficit was 29.9% of the Budget Estimates (BE) during the corresponding period of FY2025–26, indicating a lower proportion of the annual target reached in FY27.

The fiscal deficit represents the gap between the government’s total expenditure and total revenue.

Detailed Explanation:

India’s fiscal deficit stood at ₹4,55,144 crore, or 26.8% of the full-year target, during April–July 2026 (first four months of FY2026–27).

The fiscal deficit was 29.9% of the Budget Estimates (BE) during the corresponding period of FY2025–26, indicating a lower proportion of the annual target reached in FY27.

The fiscal deficit represents the gap between the government’s total expenditure and total revenue.

For FY2026–27, the Central Government has set the fiscal deficit target at 4.3% of GDP, equivalent to approximately ₹16.96 lakh crore.

The FY27 fiscal deficit target reflects the Government’s continued commitment to fiscal consolidation and maintaining the Budget deficit under control.

Revenue receipts of the Centre stood at approximately ₹12,67,573 crore during April–July 2026.

The Central Government transferred ₹3,72,354 crore to State Governments as their share of tax devolution during April–July 2026.

 

12) Answer: B

Punjab National Bank (PNB) entered into a Memorandum of Understanding (MoU) with Oriental Insurance Company Limited (OICL) to provide Salary Package Benefits to OICL employees.

The partnership aims to provide enhanced banking services and exclusive financial benefits to the employees of OICL.

Under the MoU, PNB will offer a comprehensive Salary Package Account to OICL employees.

13) Answer: D

Short Explanation:

According to the Ministry of Commerce and Industry, India’s total exports of merchandise and services increased by 13.31% year-on-year (YoY) to USD 80.14 billion in July 2026, compared with USD 70.72 billion in July 2025.

India’s total imports rose by 15.83% YoY to USD 95.16 billion in July 2026, compared with USD 82.16 billion in July 2025.

India’s overall trade deficit widened to USD 15.03 billion in July 2026, compared with USD 11.43 billion in July 2025.

Merchandise exports recorded strong growth of 19.63%, increasing to USD 44.24 billion in July 2026 from USD 36.98 billion in July 2025.

Services exports were estimated at USD 35.89 billion in July 2026, compared with USD 33.74 billion a year earlier; the July services figure is an estimate because the latest RBI services-sector data available was for June 2026.

Detailed Explanation:

According to the Ministry of Commerce and Industry, India’s total exports of merchandise and services increased by 13.31% year-on-year (YoY) to USD 80.14 billion in July 2026, compared with USD 70.72 billion in July 2025.

India’s total imports rose by 15.83% YoY to USD 95.16 billion in July 2026, compared with USD 82.16 billion in July 2025.

India’s overall trade deficit widened to USD 15.03 billion in July 2026, compared with USD 11.43 billion in July 2025.

Merchandise exports recorded strong growth of 19.63%, increasing to USD 44.24 billion in July 2026 from USD 36.98 billion in July 2025.

Services exports were estimated at USD 35.89 billion in July 2026, compared with USD 33.74 billion a year earlier; the July services figure is an estimate because the latest RBI services-sector data available was for June 2026.

During April–July 2026-27, India’s total exports of merchandise and services were estimated at USD 316.42 billion, registering 13.16% growth over USD 279.63 billion during the corresponding period of 2025-26.

Total imports during April–July 2026-27 increased by 17.28% to USD 365.85 billion, compared with USD 311.94 billion a year earlier.

The cumulative trade deficit during April–July 2026-27 stood at USD 49.43 billion.

Merchandise exports during April–July 2026-27 increased by 17.04% to USD 173.78 billion, compared with USD 148.48 billion in the corresponding period of 2025-26.

 

14) Answer: C

Short Explanation:

Tamil Nadu Industries Minister S. Keerthana introduced the Tamil Nadu Business Facilitation (Amendment) Bill, 2026 in the State Assembly.

The Bill proposes to cap the processing time for various business and regulatory clearances at 21 days.

If an existing State law or subordinate legislation prescribes a period exceeding 21 days or does not specify a timeline, the processing period will generally be deemed to be 21 days.

Detailed Explanation:

Tamil Nadu Industries Minister S. Keerthana introduced the Tamil Nadu Business Facilitation (Amendment) Bill, 2026 in the State Assembly.

The Bill proposes to cap the processing time for various business and regulatory clearances at 21 days.

If an existing State law or subordinate legislation prescribes a period exceeding 21 days or does not specify a timeline, the processing period will generally be deemed to be 21 days.

Public holidays and local holidays will not be counted while calculating the 21-day period.

Existing timelines will continue where a clearance is required to be issued within 21 days or less.

Where a Central Act prescribes a period exceeding 21 days, the longer timeline under the Central law will prevail.

The Bill also proposes the establishment of the Tamil Nadu Investment Promotion Commission, headed by the Chief Secretary, as a dedicated high-level body to monitor major investments.

15) Answer: B

Short Explanation:

Kerala Chief Minister V. D. Satheesan announced the establishment of a Coconut Park in Kerala with the support of the Coconut Development Board.

The announcement was made during the national-level celebrations of World Coconut Day 2026.

The proposed Coconut Park will promote modern coconut processing and value addition and facilitate the production of high-quality processed coconut products for export markets.

The initiative is expected to create opportunities for entrepreneurship, investment, value addition and market development in Kerala’s coconut sector.

Detailed Explanation:

Kerala Chief Minister V. D. Satheesan announced the establishment of a Coconut Park in Kerala with the support of the Coconut Development Board.

The announcement was made during the national-level celebrations of World Coconut Day 2026.

The proposed Coconut Park will promote modern coconut processing and value addition and facilitate the production of high-quality processed coconut products for export markets.

The initiative is expected to create opportunities for entrepreneurship, investment, value addition and market development in Kerala’s coconut sector.

The Kerala Government plans to focus on processing, packaging, branding and marketing to improve the value and competitiveness of coconut products.

V. D. Siddique, Kerala Agriculture Minister, stated that the government would provide the necessary land and support for the initiative.

Consultations with exporters and other stakeholders will be initiated within three months to develop export-oriented value-addition projects and strengthen business-to-business market linkages.

Ram Nath Thakur, Union Minister of State for Agriculture and Farmers Welfare, called for expanding coconut cultivation beyond traditional growing regions.

The National Coconut Awards 2026 were presented to recognise outstanding achievements in coconut cultivation, processing, value addition and entrepreneurship.

 

16) Answer: E

Short Explanation:

Tamil Nadu Chief Minister C. Joseph Vijay announced the establishment of a world-class Tamil Nadu Olympic City in Chennai under Rule 110 of the Tamil Nadu Legislative Assembly.

The Tamil Nadu Sports Development Authority will develop the Olympic City with:

World-class sports arenas

State-of-the-art sporting equipment

High-Performance Training Centre

Dedicated Sports Science Centres

Dedicated Sports Medicine Centres

Modern infrastructure, including accommodation for sportspersons and coaches

The Olympic City will function as an integrated sports hub, providing athletes with advanced training and support facilities to help sportspersons from Tamil Nadu win more medals at the Olympic Games and other international sporting events.

Detailed Explanation:

Tamil Nadu Chief Minister C. Joseph Vijay announced the establishment of a world-class Tamil Nadu Olympic City in Chennai under Rule 110 of the Tamil Nadu Legislative Assembly.

The Tamil Nadu Sports Development Authority will develop the Olympic City with:

World-class sports arenas

State-of-the-art sporting equipment

High-Performance Training Centre

Dedicated Sports Science Centres

Dedicated Sports Medicine Centres

Modern infrastructure, including accommodation for sportspersons and coaches

The Olympic City will function as an integrated sports hub, providing athletes with advanced training and support facilities to help sportspersons from Tamil Nadu win more medals at the Olympic Games and other international sporting events.

The Chief Minister also announced the establishment of a dedicated Motorsports City in Chennai to host Formula 1, Formula 2, Formula 3 and Formula 4 races.

In June 2026, the Ministry of Youth Affairs and Sports constituted a task force to monitor motorsports in India, with the objective of exploring the return of Formula 1 racing to India by the end of 2028.

The Federation of Motor Sports Clubs of India President Arindam Ghosh participated in a meeting with the Sports Ministry and stated that efforts were being made to bring Formula 1 back to India by 2030, along with a round of the World Rally Championship and MotoGP by 2028.

 

17) Answer: C

Short Explanation:

The Archaeological Survey of India has notified the Gollala Gudi Temple at Palampet in Mulugu district, Telangana, as a Monument of National Importance.

The temple is located near the UNESCO World Heritage Site of Ramappa Temple and is known for its exquisite carvings and architectural heritage.

The Gollala Gudi Temple is a Trikutalaya, consisting of an east-facing mandapa surrounded by three garbhagrihas.

Detailed Explanation:

The Archaeological Survey of India has notified the Gollala Gudi Temple at Palampet in Mulugu district, Telangana, as a Monument of National Importance.

The temple is located near the UNESCO World Heritage Site of Ramappa Temple and is known for its exquisite carvings and architectural heritage.

The Gollala Gudi Temple is a Trikutalaya, consisting of an east-facing mandapa surrounded by three garbhagrihas.

With its declaration as a monument of national importance, the temple will receive greater attention towards conservation, preservation, maintenance and regulated public access.

Monuments of national importance are protected under the Ancient Monuments and Archaeological Sites and Remains Act, 1958.

The Archaeological Survey of India is responsible for the conservation, maintenance and protection of centrally protected monuments and archaeological sites.

 

18) Answer: C

Short Explanation:

India has finalised its first national minimum standards for mortuary and post-mortem infrastructure to bring uniformity in facilities across the country.

The standards were finalised by the National Council for Clinical Establishments under the Directorate General of Health Services.

The standards will be implemented by State Governments and Union Territory Administrations and apply to public and private hospitals in States and Union Territories that have adopted the Clinical Establishments (Registration and Regulation) Act, 2010.

Mortuary Location: Mortuaries cannot be located in basements or near hospital waste disposal and dumping areas. They should be established on the ground floor with separate entry points for body movement.

Cold Storage: Dead-body cold storage units must maintain a temperature of 4°C to 8°C, with a minimum capacity of four bodies.

Detailed Explanation:

India has finalised its first national minimum standards for mortuary and post-mortem infrastructure to bring uniformity in facilities across the country.

The standards were finalised by the National Council for Clinical Establishments under the Directorate General of Health Services.

The standards will be implemented by State Governments and Union Territory Administrations and apply to public and private hospitals in States and Union Territories that have adopted the Clinical Establishments (Registration and Regulation) Act, 2010.

Mortuary Location: Mortuaries cannot be located in basements or near hospital waste disposal and dumping areas. They should be established on the ground floor with separate entry points for body movement.

Cold Storage: Dead-body cold storage units must maintain a temperature of 4°C to 8°C, with a minimum capacity of four bodies.

Body Identification: Each body must be assigned a unique serial number on its storage cabin to ensure proper identification and traceability.

Medico-Legal Cases: Bodies involved in medico-legal cases must be stored separately from non-medico-legal remains.

Autopsy Infrastructure: A dedicated autopsy block of about 4,000 square feet has been prescribed, including a 2,000-square-foot operating area, viscera storage, waiting halls and administrative offices.

Structural Standards: Mortuary corridors must be at least 8 feet wide, ceilings at least 10 feet high, and windows must have fly-proof external screens.

 

19) Answer: D

Short Explanation:

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the first phase of the Veligonda Irrigation Project and dedicated it to the nation.

The project aims to divert Krishna River water from the Srisailam Reservoir to the Nallamala Sagar Reservoir through gravity, which will then be distributed through canals for irrigation and drinking water.

The first phase was completed at a cost of ₹7,983 crore, against the total estimated project cost of ₹10,200 crore.

Under the first phase, twin tunnels spanning 18.8 kilometres and feeder canals covering 21.8 kilometres have been completed.

Detailed Explanation:

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the first phase of the Veligonda Irrigation Project and dedicated it to the nation.

The project aims to divert Krishna River water from the Srisailam Reservoir to the Nallamala Sagar Reservoir through gravity, which will then be distributed through canals for irrigation and drinking water.

The first phase was completed at a cost of ₹7,983 crore, against the total estimated project cost of ₹10,200 crore.

Under the first phase, twin tunnels spanning 18.8 kilometres and feeder canals covering 21.8 kilometres have been completed.

The Nallamala Sagar Reservoir will store 10.70 TMC of Krishna River water under the first phase.

The project is expected to provide irrigation facilities to 1.19 lakh acres and drinking water to approximately 4 lakh people.

The government provided ₹768 crore as compensation to 6,206 displaced families within 48 days.

Markapuram has been included in the proposed ₹1 lakh crore Global Horticulture Hub project, which is scheduled to be taken up in September 2026.

The second phase of the Veligonda Project is planned to be completed by 2028.

20) Answer: B

Short Explanation:

The Monthly Accounts of the Union Government of India up to July 2026 were consolidated and published by the Controller General of Accounts.

The Government of India received ₹13,06,709 crore during the period up to July 2026, equivalent to 35.8% of the corresponding Budget Estimates for Financial Year 2026–27.

The total receipts comprised:

₹8,44,560 crore – Tax Revenue (Net to Centre)

₹4,23,013 crore – Non-Tax Revenue

₹39,136 crore – Non-Debt Capital Receipts

Detailed Explanation:

The Monthly Accounts of the Union Government of India up to July 2026 were consolidated and published by the Controller General of Accounts.

The Government of India received ₹13,06,709 crore during the period up to July 2026, equivalent to 35.8% of the corresponding Budget Estimates for Financial Year 2026–27.

The total receipts comprised:

₹8,44,560 crore – Tax Revenue (Net to Centre)

₹4,23,013 crore – Non-Tax Revenue

₹39,136 crore – Non-Debt Capital Receipts

The Government of India transferred ₹3,72,354 crore to State Governments as devolution of the share of taxes, which was ₹56,190 crore lower than the corresponding period of the previous year.

The total expenditure stood at ₹17,61,853 crore, representing 32.9% of the corresponding Budget Estimates for Financial Year 2026–27.

Of the total expenditure, ₹13,11,218 crore was incurred under the Revenue Account, while ₹4,50,635 crore was incurred under the Capital Account.

Out of the total Revenue Expenditure, ₹4,26,566 crore was spent on Interest Payments and ₹1,53,513 crore on Major Subsidies.

 

21) Answer: B

Short Explanation:

The Government of India announced the Tenzing Norgay National Adventure Awards for 2024 to recognise outstanding achievements in the field of adventure.

The awards aim to promote courage, endurance, discipline, risk-taking, teamwork and quick decision-making in challenging situations.

The awards are presented in four categories:

Land Adventure: Baljeet Kaur and Skalzang Rigzin

Water Adventure: Rimo Saha

Air Adventure: No awardee announced

Lifetime Achievement: Shiv Prasad Chamoli

Each awardee will receive a statuette, certificate and ₹15 lakh prize money.

The awardees were selected based on the recommendations of the National Selection Committee, which evaluated the nominations and recommended the recipients.

Detailed Explanation:

The Government of India announced the Tenzing Norgay National Adventure Awards for 2024 to recognise outstanding achievements in the field of adventure.

The awards aim to promote courage, endurance, discipline, risk-taking, teamwork and quick decision-making in challenging situations.

The awards are presented in four categories:

Land Adventure: Baljeet Kaur and Skalzang Rigzin

Water Adventure: Rimo Saha

Air Adventure: No awardee announced

Lifetime Achievement: Shiv Prasad Chamoli

Each awardee will receive a statuette, certificate and ₹15 lakh prize money.

The awardees were selected based on the recommendations of the National Selection Committee, which evaluated the nominations and recommended the recipients.

President Droupadi Murmu will confer the Tenzing Norgay National Adventure Awards 2024 along with the National Sports Awards 2025.

22) Answer: A

The Reserve Bank of India (RBI) appointed Suman Ray as Executive Director (ED) with effect from 1 September 2026.

Before his appointment as Executive Director, Suman Ray was serving as Regional Director, Maharashtra at the RBI.

Suman Ray is a career central banker with over 30 years of experience in the Reserve Bank of India.

His professional experience includes Currency Management, Financial Inclusion, Payment and Settlement Systems, Consumer Education and Protection, and Human Resources (HR).

23) Answer: A

The Shri Ram Janmabhoomi Teerth Kshetra Trust appointed Air Marshal Jeetendra Mishra (Retd.) as its first Chief Executive Officer (CEO) on 2 September 2026, creating a dedicated executive position to strengthen the Trust’s administration.

Air Marshal Jeetendra Mishra served in the Indian Air Force (IAF) for 31 years and held various leadership positions across different departments.

He previously headed the IAF’s Western Air Command and was associated with Operation Sindoor.

Air Marshal Jeetendra Mishra was awarded the Sarvottam Yudh Seva Medal (SYSM), one of India’s highest military decorations for distinguished service during wartime

24) Answer: E

Short Explanation:

Vodafone Idea (Vi), India’s third-largest telecom services provider, onboarded Shah Rukh Khan as its brand ambassador and unveiled a refreshed brand identity.

The brand revamp marks a new phase of growth for Vi and reflects the company’s focus on transformation and innovation.

Vi launched a new campaign titled “Vi badal raha hai… tayaar rahiye”, meaning “Vi is changing… Be ready”, to highlight its transformation strategy.

Detailed Explanation:

Vodafone Idea (Vi), India’s third-largest telecom services provider, onboarded Shah Rukh Khan as its brand ambassador and unveiled a refreshed brand identity.

The brand revamp marks a new phase of growth for Vi and reflects the company’s focus on transformation and innovation.

Vi launched a new campaign titled “Vi badal raha hai… tayaar rahiye”, meaning “Vi is changing… Be ready”, to highlight its transformation strategy.

The company redesigned its logo from “V!” to “Vi”, incorporating a dynamic 3D sphere element symbolising evolution and innovation.

The refreshed identity reflects Vi’s transition towards a more customer-centric and technology-driven approach.

The brand revamp is aligned with Vi’s “Vi 2.0” strategy, which focuses on customer growth, revenue expansion, and improved financial performance.

 

25) Answer: C

Short Explanation:

The Indian Army organised the PNG Transition Webinar-2026 at the Manekshaw Centre, Delhi Cantt., to accelerate the adoption of Piped Natural Gas (PNG) across feasible Army establishments.

The initiative supports the Government of India’s vision of a gas-based economy and promotes the use of cleaner energy in Army establishments.

As part of the initiative, the Indian Army plans to convert 41 Army Stations to PNG during FY 2026–27.

Detailed Explanation:

The Indian Army organised the PNG Transition Webinar-2026 at the Manekshaw Centre, Delhi Cantt., to accelerate the adoption of Piped Natural Gas (PNG) across feasible Army establishments.

The initiative supports the Government of India’s vision of a gas-based economy and promotes the use of cleaner energy in Army establishments.

As part of the initiative, the Indian Army plans to convert 41 Army Stations to PNG during FY 2026–27.

After the initial phase, the PNG transition will be expanded to other Army establishments where infrastructure and other conditions make PNG adoption feasible.

During the webinar, the Indian Army PNG Guide was released as a common reference document for the PNG transition process.

The Indian Army PNG Guide covers administrative, technical, safety and implementation requirements, ensuring a structured, standardised and coordinated approach across Army establishments.

26) Answer: C

Short Explanation:

Russia successfully conducted a test launch of the RS-24 Yars Intercontinental Ballistic Missile (ICBM) from the Plesetsk Cosmodrome in Arkhangelsk Oblast, Russia.

The RS-24 Yars travelled over 6,700 km and delivered training warheads to the Kura Test Range in Russia’s Kamchatka region.

The RS-24 Yars is a solid-fuel, three-stage, nuclear-capable ICBM designed to strengthen Russia’s land-based strategic nuclear forces.

The missile is deployed in both road-mobile launchers and silo-based configurations, providing flexibility and enhancing survivability.

Detailed Explanation:

Russia successfully conducted a test launch of the RS-24 Yars Intercontinental Ballistic Missile (ICBM) from the Plesetsk Cosmodrome in Arkhangelsk Oblast, Russia.

The RS-24 Yars travelled over 6,700 km and delivered training warheads to the Kura Test Range in Russia’s Kamchatka region.

The RS-24 Yars is a solid-fuel, three-stage, nuclear-capable ICBM designed to strengthen Russia’s land-based strategic nuclear forces.

The missile is deployed in both road-mobile launchers and silo-based configurations, providing flexibility and enhancing survivability.

The launch was conducted by Russia’s Strategic Missile Forces (SMF) as part of an exercise to validate the missile system’s tactical, technical and flight-performance characteristics.

The RS-24 Yars is equipped with Multiple Independently Targetable Re-entry Vehicles (MIRVs), allowing it to deploy multiple warheads against different targets.

The missile has a strike range exceeding 10,000 km, while the tested missile travelled more than 6,700 km to the designated test range.

 

27) Answer: A

Short Explanation:

Agnikawach Safety Solutions Private Limited launched ‘Agni Kawach’, India’s first indigenously developed AI-powered safety platform, aimed at building a global industrial safety ecosystem.

Agni Kawach integrates Artificial Intelligence (AI), GPU-native computing, adaptive-mesh Computational Fluid Dynamics (CFD), cloud delivery, and risk modelling on a single platform for faster industrial risk analysis.

The platform provides safety against 8 major industrial hazards, namely jet fire, pool fire, flash fire, explosions, BLEVE/fireball, toxic dispersion, cryogenic releases, and structural domino effects.

BLEVE stands for Boiling Liquid Expanding Vapor Explosion, which is one of the major industrial hazards addressed by the Agni Kawach platform.

Detailed Explanation:

Agnikawach Safety Solutions Private Limited launched ‘Agni Kawach’, India’s first indigenously developed AI-powered safety platform, aimed at building a global industrial safety ecosystem.

Agni Kawach integrates Artificial Intelligence (AI), GPU-native computing, adaptive-mesh Computational Fluid Dynamics (CFD), cloud delivery, and risk modelling on a single platform for faster industrial risk analysis.

The platform provides safety against 8 major industrial hazards, namely jet fire, pool fire, flash fire, explosions, BLEVE/fireball, toxic dispersion, cryogenic releases, and structural domino effects.

BLEVE stands for Boiling Liquid Expanding Vapor Explosion, which is one of the major industrial hazards addressed by the Agni Kawach platform.

The prototype of Agni Kawach has already achieved Technology Readiness Level (TRL)-5, indicating that the technology has reached a relevant validation stage.

The AI-enabled platform can be applied across hazardous industries such as Green Hydrogen, Ammonia, Oil & Gas, Liquefied Natural Gas (LNG), Chemicals, and Refineries.

Agnikawach Safety Solutions Pvt. Ltd. was incorporated in June 2026 and is headquartered in New Delhi, Delhi.

28) Answer: D

Short Explanation:

Adani Energy Solutions Limited (AESL) achieved the highest ESG score of 90 globally in the utilities sector, according to S&P Global’s Media and Stakeholder Analysis review.

AESL’s ESG score of 90 was significantly higher than the industry average of 41, highlighting its strong performance in sustainability and corporate responsibility.

AESL’s ESG score improved from 81 to 90 following governance-related assessment corrections, reflecting stronger transparency, compliance, and stakeholder engagement.

Detailed Explanation:

Adani Energy Solutions Limited (AESL) achieved the highest ESG score of 90 globally in the utilities sector, according to S&P Global’s Media and Stakeholder Analysis review.

AESL’s ESG score of 90 was significantly higher than the industry average of 41, highlighting its strong performance in sustainability and corporate responsibility.

AESL’s ESG score improved from 81 to 90 following governance-related assessment corrections, reflecting stronger transparency, compliance, and stakeholder engagement.

The company’s Corporate Sustainability Assessment (CSA) score increased by 17 points year-on-year to 90, indicating improved disclosure practices and sustainability reporting.

AESL recorded an Environmental score of 93, a Social score of 89, and a Governance & Economic score of 84, all significantly above the respective industry averages.

29) Answer: B

Short Explanation:

The Ministry of Statistics and Programme Implementation signed a Memorandum of Understanding with Thapar Institute of Engineering and Technology, Punjab to undertake a research study on developing a Predictive and Analytical Framework for Monthly Consumption Expenditures in India.

The agreement was signed in the presence of Dr. Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation.

Prof. Padmakumar Nair, Vice Chancellor of Thapar Institute of Engineering and Technology, and R. Rajesh, Additional Director General, Capacity Development Division, Ministry of Statistics and Programme Implementation, signed the agreement.

Detailed Explanation:

The Ministry of Statistics and Programme Implementation signed a Memorandum of Understanding with Thapar Institute of Engineering and Technology, Punjab to undertake a research study on developing a Predictive and Analytical Framework for Monthly Consumption Expenditures in India.

The agreement was signed in the presence of Dr. Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation.

Prof. Padmakumar Nair, Vice Chancellor of Thapar Institute of Engineering and Technology, and R. Rajesh, Additional Director General, Capacity Development Division, Ministry of Statistics and Programme Implementation, signed the agreement.

The study will leverage Household Consumption Expenditure Survey data to:

Estimate Monthly Per Capita Consumption Expenditure at the national and State levels.

Analyse household consumption patterns.

Generate evidence for poverty estimation.

Support broader economic planning and policymaking.

The collaboration represents an initiative to promote the innovative use of Artificial Intelligence in official statistics.

The partnership also highlights growing collaboration between the Ministry of Statistics and Programme Implementation and academic institutions for research and data-driven policymaking.

 

30) Answer: A

Short Explanation:

The Singapore Corporate Counsel Association and the General Counsels’ Association of India signed a Memorandum of Understanding to strengthen ties between the in-house legal communities of Singapore and India.

The Memorandum of Understanding was signed at the “India-Singapore Legal Bridge: Enabling Growth, Investment and Effective Dispute Resolution in a Changing Global Economy” event, held on the sidelines of Singapore Convention Week.

Detailed Explanation:

The Singapore Corporate Counsel Association and the General Counsels’ Association of India signed a Memorandum of Understanding to strengthen ties between the in-house legal communities of Singapore and India.

The Memorandum of Understanding was signed at the “India-Singapore Legal Bridge: Enabling Growth, Investment and Effective Dispute Resolution in a Changing Global Economy” event, held on the sidelines of Singapore Convention Week.

The event brought together legal and business leaders to discuss the India–Singapore–Association of Southeast Asian Nations investment landscape and the role of the legal profession in supporting cross-border growth.

The partnership will focus on knowledge exchange, professional development and greater cross-border engagement between in-house legal professionals in both countries.

A proposed cross-border immersion programme, jointly developed by the Singapore Corporate Counsel Association Academy and the General Counsels’ Association of India, will provide students with practical exposure to in-house legal practice.

Daniel Choo, President of the Singapore Corporate Counsel Association, stated that the partnership would strengthen ties between the Singaporean and Indian in-house legal communities and help lawyers adapt to changes in technology, regulation and new business models.

Sanjeev Gemawat, Co-founder of the General Counsels’ Association of India, described the Memorandum of Understanding as a “historic beginning” for closer cooperation between the legal communities of India, Singapore and the wider region.

Akhil Prasad, Co-founder of the General Counsels’ Association of India, highlighted the importance of equipping young lawyers with skills in artificial intelligence, negotiation, investigations and complex commercial problem-solving.

The Memorandum of Understanding will serve as the basis for a long-term partnership between the two associations, with further initiatives to be announced later.

 

31) Answer: B

Short Explanation:

The International Cricket Council has shifted the inaugural Women’s Champions Trophy 2027 from Sri Lanka to India due to governance-related issues in Sri Lanka.

The tournament will be held in Mumbai and Vadodara from 14 February to 28 February 2027.

Six teams have qualified for the inaugural tournament:

Australia

England

India

New Zealand

South Africa

Sri Lanka

Qualification was based on the International Cricket Council Women’s Twenty20 International Team Rankings as of the 6 July 2026 qualification cut-off date.

Detailed Explanation:

The International Cricket Council has shifted the inaugural Women’s Champions Trophy 2027 from Sri Lanka to India due to governance-related issues in Sri Lanka.

The tournament will be held in Mumbai and Vadodara from 14 February to 28 February 2027.

Six teams have qualified for the inaugural tournament:

Australia

England

India

New Zealand

South Africa

Sri Lanka

Qualification was based on the International Cricket Council Women’s Twenty20 International Team Rankings as of the 6 July 2026 qualification cut-off date.

The tournament will follow a round-robin league format, with the top two teams qualifying for the final on 28 February 2027.

International Cricket Council Chairman Jay Shah stated that the inaugural tournament will provide a high-quality global platform for women’s cricket and encourage teams to improve their rankings.

 

32) Answer: C

Short Explanation:

Skyscraper Day is observed annually on September 3,2026 to recognise the architectural and engineering achievements associated with skyscrapers and tall buildings.

The day is observed on the birth anniversary of Louis H. Sullivan, who is widely known as the “Father of Modern Skyscrapers.”

Detailed Explanation:

Skyscraper Day is observed annually on September 3,2026 to recognise the architectural and engineering achievements associated with skyscrapers and tall buildings.

The day is observed on the birth anniversary of Louis H. Sullivan, who is widely known as the “Father of Modern Skyscrapers.”

Louis H. Sullivan was an influential American architect who played a major role in the development of modern skyscraper architecture.

The Home Insurance Building in Chicago, United States, was completed in 1885 and is widely regarded as the world’s first skyscraper.

The building had 10 storeys and reached a height of approximately 138 feet.

 

33) Answer: D

UPI was launched on 25 August 2016 and has significantly transformed India’s digital payments ecosystem.

UPI transaction value increased from ₹0.07 lakh crore in FY2016–17 to around ₹314 lakh crore in FY2025–26, representing a more than 4,000-fold increase over the decade.

UPI is now accepted in 11 countries, with Uzbekistan being the latest addition.

The 11 countries where UPI is accepted are Singapore, UAE, France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka, Cambodia, Greece, and Uzbekistan.

 

34) Answer: B

Short Explanation:

The Union Finance Minister directed the Managing Directors (MDs) and Chief Executive Officers (CEOs) of Public Sector Banks (PSBs) to leverage the financial services ecosystem and institutional infrastructure of GIFT-IFSC for implementing RBI’s swap facilities for FCNR(B) deposits and ECBs.

IFSCA is the unified regulatory authority established by the Government of India under the IFSCA Act, 2019 for the development and regulation of financial products, financial services and financial institutions in India’s International Financial Services Centres (IFSCs).

Detailed Explanation:

The Union Finance Minister directed the Managing Directors (MDs) and Chief Executive Officers (CEOs) of Public Sector Banks (PSBs) to leverage the financial services ecosystem and institutional infrastructure of GIFT-IFSC for implementing RBI’s swap facilities for FCNR(B) deposits and ECBs.

IFSCA is the unified regulatory authority established by the Government of India under the IFSCA Act, 2019 for the development and regulation of financial products, financial services and financial institutions in India’s International Financial Services Centres (IFSCs).

GIFT-IFSC is a strategic project of the Government of India, being developed as an international financial hub connecting India with global markets and investors.

The development of GIFT-IFSC supports the broader Viksit Bharat@2047 agenda envisioned by the Prime Minister.

 

35) Answer: A

The state of Kerala got the first private medical museum, which is established in Ulloor, Thiruvananthapuram. This museum will offers visitors a fascinating journey through the human body by using the handcrafted anatomical models, paintings and medical archives.