Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 06th 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, SEBI proposed amendments to align its framework with RBI guidelines on securitisation of standard assets. These amendments are related to which of the following?

(a) Alternative Investment Funds (AIF)

(b) Real Estate Investment Trusts (REITs)

(c) Infrastructure Investment Trusts (InvITs)

(d) Securitised Debt Instruments (SDI)

(e) Credit Rating Agencies (CRA)

 

2) As of 2026, consider the following statements regarding non-food credit growth in FY 2025–26:

1. Non-food credit growth stood at 15.9%, higher than the previous year.
2. The services sector recorded the highest growth among all major sectors.
3. Micro and Small industries registered a growth of over 30%.

Which of the statements given above are correct?

(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

(e) 1 only

3) In 2026, under the Asian Development Bank’s (ADB) USD 70 billion initiative, what is the outlay allocated for the Asia-Pacific Digital Highway?

(a) USD 10 billion

(b) USD 15 billion

(c) USD 30 billion

(d) USD 20 billion

(e) USD 50 billion

4) In 2026, how much gold was held by the Reserve Bank of India (RBI) in safe custody with the Bank of England and the Bank for International Settlements (BIS) as of March 2026?

(a) 197.67 MT

(b) 168.06 MT

(c) 104.23 MT

(d) 680 MT

(e) 880.52 MT

5) In April 2026, India recorded its highest-ever monthly GST collection. What was the total gross GST revenue collected during the month?

(a) ₹2.03 lakh crore

(b) ₹2.23 lakh crore

(c) ₹2.43 lakh crore

(d) ₹2.63 lakh crore

(e) ₹2.83 lakh crore

6) As of 2026, which state has launched India’s first state-led Centre of Excellence for Space Technology (CoE SpaceTech Foundation)?

(a) Tamil Nadu

(b) Maharashtra

(c) Gujarat

(d) Telangana

(e) Karnataka

 

7) As of 2026, the indigenous technology launched by the Government of India to enable near real-time, geo-targeted emergency alerts to mobile users is known as__________

(a) Public Warning Network (PWN)

(b) National Alert Messaging System (NAMS)

(c) Cell Broadcast System (CBS)

(d) Emergency Communication Grid (ECG)

(e) Disaster Alert Transmission System (DATS)

8) In 2026, ‘Padma Doree’ is a cross-regional textile initiative that combines which of the following?

(a) Muga silk and Banarasi weaving

(b) Eri (Ahimsa) silk and Chanderi weaving

(c) Tussar silk and Kanchipuram silk

(d) Pashmina wool and Ikat weaving

(e) Mulberry silk and Paithani weaving

9) As of 2026, Fire Safety Week in India is observed during which of the following dates?

(a) 1–7 May

(b) 2–8 May

(c) 3–9 May

(d) 4–10 May

(e) 5–11 May

10) In 2026, which district is set to become India’s first pearl farming cluster?

(a) Ranchi

(b) Dhanbad

(c) Hazaribag

(d) Bokaro

(e) Deoghar

11) In 2026, Indian journalists R. K. Anand and Suparna Sharma won the Pulitzer Prize in which category?

(a) Investigative Reporting

(b) Breaking News Reporting

(c) Feature Writing

(d) Illustrated Reporting and Commentary

(e) International Reporting

 

12) As of 2026, who has been appointed as the Chairman of Prasar Bharati, India’s public service broadcaster?

(a) Anurag Thakur

(b) Prasoon Joshi

(c) Shekhar Kapur

(d) Amitabh Kant

(e) Shashi Shekhar

 

13) In 2026, who has been appointed as the 22nd Chairman and Managing Director (CMD) of Hindustan Aeronautics Limited (HAL)?

(a) Dr. D.K. Sunil

(b) R. Madhavan

(c) Rajnath Singh

(d) S. Somanath

(e) Ravi K.

 

14) As of 2026, who has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of City Union Bank?

(a) R. Vijay Anandh

(b) N. Kamakodi

(c) Uday Kotak

(d) Sandeep Bakhshi

(e) Shyam Srinivasan

 

15) In 2026, which of the following defence systems unveiled by IG Defence is described as India’s first long-range one-way attack drone?

(a) JWALA

(b) KAL

(c) AKASH

(d) NAG

(e) PINAKA

16) In 2026, Federal Bank announced the acquisition of a credit card portfolio from which bank in India?

(a) HDFC Bank

(b) ICICI Bank

(c) Axis Bank

(d) Standard Chartered Bank India

(e) Kotak Mahindra Bank

 

17) In 2026, a consortium led by Lakshmi N. Mittal’s family and Adar Poonawalla agreed to acquire which IPL franchise at a valuation of about $1.65 billion?

(a) Mumbai Indians

(b) Chennai Super Kings

(c) Rajasthan Royals

(d) Kolkata Knight Riders

(e) Sunrisers Hyderabad

 

18) As of 2026, consider the following statements regarding the World Press Freedom Index:

1. India was ranked 157th out of 180 countries.
2. Norway secured the 1st position in the index.
3. Eritrea ranked last (180th) in the index.

Which of the statements given above are correct?

(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) All are correct

(e) 2 only

 

19) In 2026, the Ministry of Jal Shakti signed reform-linked MoUs under Jal Jeevan Mission (JJM) 2.0 with which of the following states?

(a) Uttarakhand, Karnataka, and Tripura

(b) Uttar Pradesh, Gujarat, and Maharashtra

(c) Assam, Bihar, and Odisha

(d) Kerala, Tamil Nadu, and Andhra Pradesh

(e) Punjab, Haryana, and Himachal Pradesh

 

20) As of 2026, World Asthma Day is observed on which of the following dates?

(a) 1 May 2026

(b) 3 May 2026

(c) 4 May 2026

(d) 5 May 2026

(e) 7 May 2026

 

Answers:

1) Answer: D

Short Explanation:

The Securities and Exchange Board of India (SEBI) has proposed amendments to the Securitised Debt Instruments (SDI) Regulations to align them with the Reserve Bank of India (RBI) guidelines on securitisation of standard assets (SSA).

The move aims to remove regulatory inconsistencies between SEBI and RBI frameworks, especially for transactions originated by RBI-regulated entities.

SEBI has proposed allowing single-asset securitisation for RBI-regulated entities by exempting them from the condition that no single obligor should account for more than 25% of the asset pool.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has proposed amendments to the Securitised Debt Instruments (SDI) Regulations to align them with the Reserve Bank of India (RBI) guidelines on securitisation of standard assets (SSA).

The move aims to remove regulatory inconsistencies between SEBI and RBI frameworks, especially for transactions originated by RBI-regulated entities.

SEBI has proposed allowing single-asset securitisation for RBI-regulated entities by exempting them from the condition that no single obligor should account for more than 25% of the asset pool.

The proposal also seeks to relax restrictions on transactions between originators and related Special Purpose Distinct Entities (SPDEs), provided there is no control exercised over the SPDE or trustee.

SEBI defines the originator as the original lender or seller of financial assets, such as banks or financial institutions, which transfers receivables to an SPDE.

On governance norms, SEBI has proposed that RBI-regulated originators should have only one representative on the SPDE board, and such a representative should not have veto powers.

SEBI has also proposed changes in winding-up provisions of securitisation schemes, allowing appointment of a new trustee instead of liquidation in case of suspension or cancellation of trustee registration.

 

2) Answer: C

Short Explanation:

The Financial Year 2025–26 ended with strong year-on-year (y-o-y) non-food credit growth of 15.9%, an increase of 497 basis points (bps) from 10.9% in FY 2024–25.

Micro and Small industries recorded a sharp 33.1% growth (3.7 times higher).

Overall credit growth in FY 2025–26 was broad-based, led by the services sector, followed by personal loans, agriculture, and industry.

Detailed Explanation:

The Financial Year 2025–26 ended with strong year-on-year (y-o-y) non-food credit growth of 15.9%, an increase of 497 basis points (bps) from 10.9% in FY 2024–25.

The aggregate credit outstanding in March 2026 reached ₹212.9 lakh crore, which is ₹29.2 lakh crore higher than the previous year.

The growth in credit was supported by a low-interest rate environment, government-led capex cycle, structural reforms, and private sector investment crowding-in, boosting domestic credit demand.

Overall credit growth in FY 2025–26 was broad-based, led by the services sector, followed by personal loans, agriculture, and industry.

Sector-wise Credit Performance:

Agriculture and Allied Activities: Credit growth accelerated to 15.7%, up by 528 bps from 10.4% last year, driven by strong rural demand and formalisation of rural credit.

Industrial Sector: Credit expanded at 15.0%, nearly double the previous year’s 8.2% growth.

Micro and Small industries recorded a sharp 33.1% growth (3.7 times higher).

Medium industries grew by 21.7%.

Key drivers included infrastructure, metals, chemicals, petroleum, coal products, and nuclear fuels.

Services Sector: Credit grew by 19.0%, compared to 12.0% last year, driven by NBFCs, trade, and commercial real estate, with services contributing 28% of total credit.

Personal Loans: Grew by 16.2%, higher than 11.7% last year, supported by housing loans, vehicle loans, and gold jewellery loans, and accounting for 33% of total credit share.

 

3) Answer: D

Short Explanation:

The Asian Development Bank launched a USD 70 billion initiative to expand energy and digital infrastructure across Asia-Pacific by 2035.

The initiative was announced during the 59th Annual Meeting held in Samarkand, Uzbekistan.

The programme focuses on enhancing connectivity, cross-border power trade, broadband access, and regional resilience.

The initiative includes two major components:

USD 50 billion Pan-Asia Power Grid Initiative

USD 20 billion Asia-Pacific Digital Highway

Detailed Explanation:

The Asian Development Bank launched a USD 70 billion initiative to expand energy and digital infrastructure across Asia-Pacific by 2035.

The initiative was announced during the 59th Annual Meeting held in Samarkand, Uzbekistan.

The programme focuses on enhancing connectivity, cross-border power trade, broadband access, and regional resilience.

The initiative includes two major components:

USD 50 billion Pan-Asia Power Grid Initiative

USD 20 billion Asia-Pacific Digital Highway

Under the Pan-Asia Power Grid Initiative, ADB aims to connect national and subregional power systems to enable cross-border renewable energy flow.

By 2035, the power grid initiative targets: integration of 20 GW renewable energy, 22,000 circuit-km transmission lines, energy access for 200 million people, 840,000 jobs creation, and 15% reduction in power sector emissions.

The initiative supports transmission infrastructure, substations, grid digitalisation, storage systems, and renewable energy export projects.

It promotes a shift from bilateral energy links to a regional power trade approach, building on programmes like ASEAN Power Grid and CAREC Energy Strategy 2030.

 

4) Answer: A

Short Explanation:

The Reserve Bank of India moved 104.23 metric tonnes (MT) of its gold reserves domestically in the six months ended March 2026, reflecting a continued shift toward domestic gold custody.

The RBI’s total gold holdings increased marginally to 880.52 MT in March 2026, from 880.18 MT in September 2025, as per the half-yearly foreign exchange reserves report.

In FY 2025–26, the RBI brought a total of 168.06 MT of gold to India, compared to 107.21 MT in 2023–24 and 103.68 MT in 2024–25, showing a rising trend in domestic gold storage.

As of March 2026, 197.67 MT of gold was held in safe custody with the Bank of England and Bank for International Settlements (BIS), while 2.80 MT was kept as gold deposits.

Detailed Explanation:

The Reserve Bank of India moved 104.23 metric tonnes (MT) of its gold reserves domestically in the six months ended March 2026, reflecting a continued shift toward domestic gold custody.

The RBI’s total gold holdings increased marginally to 880.52 MT in March 2026, from 880.18 MT in September 2025, as per the half-yearly foreign exchange reserves report.

In FY 2025–26, the RBI brought a total of 168.06 MT of gold to India, compared to 107.21 MT in 2023–24 and 103.68 MT in 2024–25, showing a rising trend in domestic gold storage.

Around 77% of RBI’s total gold holdings (680 MT) is now stored within India, strengthening domestic custody of reserves.

As of March 2026, 197.67 MT of gold was held in safe custody with the Bank of England and Bank for International Settlements (BIS), while 2.80 MT was kept as gold deposits.

The report highlights a global trend of diversification of gold storage, with countries increasingly shifting toward domestic vaulting and reduced dependence on foreign storage institutions.

The rise in gold prices increased the share of gold in India’s foreign exchange reserves to 16.7% in March 2026, up from 13.92% earlier.

The RBI’s foreign currency assets (FCA) and reserve management structure continue to support financial stability, with investments spread across securities, central banks, BIS, and commercial bank deposits.

5) Answer: C

Short Explanation:

According to government data, India’s gross Goods and Services Tax (GST) revenue reached a record ₹2.43 lakh crore in April, marking an 8.7% year-on-year growth over ₹2.23 lakh crore collected in April last year.

The growth was primarily driven by import-based GST collections, while domestic sales growth remained relatively slower.

Goods and Services Tax (GST) was introduced in 2017 through the 101st Constitutional Amendment Act, 2016, as a comprehensive indirect tax for the entire country.

Detailed Explanation:

According to government data, India’s gross Goods and Services Tax (GST) revenue reached a record ₹2.43 lakh crore in April, marking an 8.7% year-on-year growth over ₹2.23 lakh crore collected in April last year.

The growth was primarily driven by import-based GST collections, while domestic sales growth remained relatively slower.

Goods and Services Tax (GST) was introduced in 2017 through the 101st Constitutional Amendment Act, 2016, as a comprehensive indirect tax for the entire country.

GST has three components:

CGST (Central GST) collected by the Centre

SGST/UTGST collected by States/Union Territories

IGST (Integrated GST) for inter-state supplies, with revenue settlement to the destination state

The GST structure includes multiple tax slabs (5%, 12%, 18%, and higher rates for luxury/sin goods) to balance affordability and revenue generation.

The GST Council (Article 279A) is a constitutional federal body chaired by the Union Finance Minister, and decisions are generally taken through consensus-based mechanisms.

 

6) Answer: E

Short Explanation:

The Government of Karnataka has launched India’s first state-led Centre of Excellence for Space Technology (CoE SpaceTech Foundation) in Bengaluru, Karnataka.

The initiative aims to bridge the gap between research and commercialisation in the space sector and strengthen innovation, startup ecosystem, and industry collaboration.

Established by Karnataka Innovation and Technology Society (KITS) in collaboration with SatCom Industry Association of India (SIA-India)

Detailed Explanation:

The Government of Karnataka has launched India’s first state-led Centre of Excellence for Space Technology (CoE SpaceTech Foundation) in Bengaluru, Karnataka.

The initiative aims to bridge the gap between research and commercialisation in the space sector and strengthen innovation, startup ecosystem, and industry collaboration.

Established by Karnataka Innovation and Technology Society (KITS) in collaboration with SatCom Industry Association of India (SIA-India)

Signed Memoranda of Understanding (MoUs) with Manipal Academy of Higher Education (MAHE), Helogen Corporation, Dassault Systèmes, and Association of Biotechnology Led Enterprises (ABLE)

Aims to strengthen research collaboration, space biotechnology, and workforce development

Promotes public-private partnership in the space sector

Provides infrastructure support to startups and reduces innovation and development costs

7) Answer: C

Short Explanation:

Shri Jyotiraditya Scindia, Minister of Communications, launched the Cell Broadcast System (CBS) in New Delhi to enhance India’s emergency communication and disaster management framework.

The system is an indigenous technology developed by the Centre for Development of Telematics (C-DOT) under the Department of Telecommunications (DoT), in collaboration with the National Disaster Management Authority (NDMA) and the Ministry of Home Affairs (MHA).

Cell Broadcast System (CBS) enables near real-time, geo-targeted emergency alerts to mobile users

Detailed Explanation:

Shri Jyotiraditya Scindia, Minister of Communications, launched the Cell Broadcast System (CBS) in New Delhi to enhance India’s emergency communication and disaster management framework.

The system is an indigenous technology developed by the Centre for Development of Telematics (C-DOT) under the Department of Telecommunications (DoT), in collaboration with the National Disaster Management Authority (NDMA) and the Ministry of Home Affairs (MHA).

Cell Broadcast System (CBS) enables near real-time, geo-targeted emergency alerts to mobile users

Nationwide test conducted, sending siren-based alert notifications to mobile devices

Allows location-specific messaging at the level of cell towers or clusters

Overcomes limitations of Short Message Service (SMS)-based alert systems

Supports multilingual alerts for wider accessibility across regions

Provides instant delivery without network congestion or queuing delays

Alerts appear as priority pop-up messages with loud tones and audio reading on supported devices

 

8) Answer: B

Short Explanation:

The Northeastern Handicrafts and Handlooms Development Corporation (NEHHDC) under the Ministry of Development of Northeastern Region (MDoNER) launched ‘Padma Doree’, a cross-regional textile initiative combining Eri (Ahimsa) silk of Northeast India with Chanderi weaving of Madhya Pradesh.

The initiative was unveiled by Sanjay Jaju, Secretary, MDoNER, in line with the vision of Narendra Modi, Prime Minister of India under Ek Bharat Shreshtha Bharat.

Padma Doree integrates Eri silk (Ahimsa silk) with Chanderi handloom craftsmanship

Detailed Explanation:

The Northeastern Handicrafts and Handlooms Development Corporation (NEHHDC) under the Ministry of Development of Northeastern Region (MDoNER) launched ‘Padma Doree’, a cross-regional textile initiative combining Eri (Ahimsa) silk of Northeast India with Chanderi weaving of Madhya Pradesh.

The initiative was unveiled by Sanjay Jaju, Secretary, MDoNER, in line with the vision of Narendra Modi, Prime Minister of India under Ek Bharat Shreshtha Bharat.

Padma Doree integrates Eri silk (Ahimsa silk) with Chanderi handloom craftsmanship

Promotes sustainable and ethical textile production with innovative design fusion

Led by NEHHDC with support from MDoNER to strengthen artisan collaboration

Reflects the vision of Ek Bharat Shreshtha Bharat for cultural integration

Leadership of Jyotiraditya Scindia, Union Minister, acknowledged in implementation

Launch featured a fashion showcase and three-day interactive exhibition

Included live demonstrations by artisans showcasing fibre-to-fabric process

Focus on building an artisan-centric and sustainable textile ecosystem

Participation of cultural figures including Muzaffar Ali enhanced visibility

Aims to promote indigenous crafts in contemporary and global markets

 

9) Answer: D

Short Explanation:

The Ministry of Health and Family Welfare (MoHFW) launched Fire Safety Week 2026 from 4–10 May 2026, beginning with a nationwide pledge led by Punya Salila Srivastava, Union Health Secretary.

The initiative aims to strengthen fire safety standards in healthcare facilities and introduces the National Guidelines on Fire and Life Safety in Healthcare Facilities.

Theme: “Safe Schools, Safe Hospitals, and a Fire-Safety Aware Society: Together for Fire Prevention”

Detailed Explanation:

The Ministry of Health and Family Welfare (MoHFW) launched Fire Safety Week 2026 from 4–10 May 2026, beginning with a nationwide pledge led by Punya Salila Srivastava, Union Health Secretary.

The initiative aims to strengthen fire safety standards in healthcare facilities and introduces the National Guidelines on Fire and Life Safety in Healthcare Facilities.

Theme: “Safe Schools, Safe Hospitals, and a Fire-Safety Aware Society: Together for Fire Prevention”

Nationwide participation involving central ministries, state governments, Union Territories, and healthcare institutions

Launch of National Guidelines on Fire and Life Safety in Healthcare Facilities providing a comprehensive safety framework

Covers governance, compliance, risk assessment, infrastructure planning, emergency response, and staff training

Special focus on high-risk hospital zones such as Intensive Care Units (ICUs), Neonatal Intensive Care Units (NICUs), Pediatric Intensive Care Units (PICUs), and Operation Theatres (OTs)

10) Answer: C

Short Explanation:

Hazaribag district in Jharkhand is set to become India’s first pearl farming cluster, led by the Fisheries Department with government support.

The initiative focuses on promoting scientific aquaculture, employment generation, and sustainable rural development, with a special emphasis on women participation.

Hazaribag identified as the first dedicated pearl farming cluster in India due to favourable water resources

Detailed Explanation:

Hazaribag district in Jharkhand is set to become India’s first pearl farming cluster, led by the Fisheries Department with government support.

The initiative focuses on promoting scientific aquaculture, employment generation, and sustainable rural development, with a special emphasis on women participation.

Hazaribag identified as the first dedicated pearl farming cluster in India due to favourable water resources

Initiative aims to develop a model hub for pearl cultivation with structured expansion plans

Promotion of modern pearl farming techniques and capacity building of farmers

Creation of market linkages to ensure better price realisation and income generation

Strong focus on women self-help groups, with training and participation in pearl farming activities

Proposal for formation of an all-women Farmer Producer Organization to boost financial inclusion

Integration with cage fish culture at Tilaiya Reservoir for diversified income sources

11) Answer: D

Short Explanation:

Indian journalists R. K. Anand and Suparna Sharma have won the Pulitzer Prize 2026 in the Illustrated Reporting and Commentary category for their reporting on cyber fraud and digital surveillance.

They shared the award with Natalie Obiko Pearson for their collaborative work published in Bloomberg.

The award-winning project is titled “trAPPed”

The report narrates the story of an Indian neurologist who became a victim of a digital arrest scam

Detailed Explanation:

Indian journalists R. K. Anand and Suparna Sharma have won the Pulitzer Prize 2026 in the Illustrated Reporting and Commentary category for their reporting on cyber fraud and digital surveillance.

They shared the award with Natalie Obiko Pearson for their collaborative work published in Bloomberg.

The award-winning project is titled “trAPPed”

The report narrates the story of an Indian neurologist who became a victim of a digital arrest scam

Combines visual storytelling, data-driven analysis, and investigative reporting

Exposes how cybercriminals misuse digital platforms and remote manipulation techniques

Draws attention to the growing threat of cyber fraud, online scams, and digital surveillance

Highlights the need for stronger cybersecurity awareness and digital safety measures

The Pulitzer Prize is administered by Columbia University in the United States of America

 

12) Answer: B

Short Explanation:

The Ministry of Information & Broadcasting has appointed noted lyricist, writer, and communications expert Shri Prasoon Joshi as the Chairman of Prasar Bharati, India’s public service broadcaster.

Prasoon Joshi is a renowned creative professional known for his contributions in films, advertising, literature, and public communication.

Prior to this appointment, he served as Chairperson of the Central Board of Film Certification (CBFC) in Mumbai since August 2017, contributing to strengthening film certification processes.

Detailed Explanation:

The Ministry of Information & Broadcasting has appointed noted lyricist, writer, and communications expert Shri Prasoon Joshi as the Chairman of Prasar Bharati, India’s public service broadcaster.

Prasoon Joshi is a renowned creative professional known for his contributions in films, advertising, literature, and public communication.

Prior to this appointment, he served as Chairperson of the Central Board of Film Certification (CBFC) in Mumbai since August 2017, contributing to strengthening film certification processes.

He also held key roles such as CEO of McCann World Group India and Chairman of McCann World Group Asia Pacific, and has been a Trustee of the Indira Gandhi National Centre for the Arts since 2016.

Prasar Bharati is a statutory autonomous public service broadcaster established under the Prasar Bharati Act, 1990 and operational since 1997.

It consists of two major divisions:

All India Radio (AIR) – one of the largest radio networks globally, broadcasting in multiple languages across India.

Doordarshan (DD) – India’s national television broadcaster offering news, education, entertainment, and cultural content.

13) Answer: E

Hindustan Aeronautics Limited has appointed Shri Ravi K. as its 22nd Chairman and Managing Director (CMD).

He succeeds Dr. D.K. Sunil, who retired on 30 April 2026 after attaining superannuation.

The appointment was made with Government of India approval and due compliance with stock exchange disclosure requirements.

 

14) Answer: A

City Union Bank (CUB) announced a leadership transition, as N. Kamakodi completed his maximum tenure of 15 years as Managing Director & Chief Executive Officer.

The bank appointed R. Vijay Anandh as the new Managing Director (MD) & Chief Executive Officer (CEO).

His appointment will be effective from May 1, 2026, for a term of three years.

R. Vijay Anandh previously served as Executive Director at City Union Bank, having joined as Executive President in 2023 and elevated to ED in 2024.

 

15) Answer: B

Short Explanation:

IG Defence unveiled two indigenous defence systems—KAL and JWALA—at the North Tech Symposium 2026 held in Prayagraj.

The launch highlights the growing role of the private defence industry in India and supports the Aatmanirbhar Bharat initiative.

The KAL drone is India’s first long-range one-way attack drone, designed for deep-penetration missions with a strike range of up to 1,000 km.

The JWALA missile system is a short-range, rapid-response weapon platform with surface-to-air and surface-to-surface capability.

Detailed Explanation:

IG Defence unveiled two indigenous defence systems—KAL and JWALA—at the North Tech Symposium 2026 held in Prayagraj.

The launch highlights the growing role of the private defence industry in India and supports the Aatmanirbhar Bharat initiative.

The KAL drone is India’s first long-range one-way attack drone, designed for deep-penetration missions with a strike range of up to 1,000 km.

It features an endurance of 3–8 hours, a maximum take-off weight of 200 kg, and uses autonomous navigation with optical targeting systems.

The JWALA missile system is a short-range, rapid-response weapon platform with surface-to-air and surface-to-surface capability.

JWALA incorporates inertial navigation, terminal guidance systems, and modular launch capability for flexible battlefield deployment.

Both systems were displayed publicly for the first time and represent next-generation indigenous warfare technologies developed by the private sector.

 

16) Answer: D

Short Explanation:

Federal Bank is set to acquire a select credit card portfolio from Standard Chartered Bank India comprising around 4.5 lakh credit cards.

The portfolio has an estimated outstanding value of ₹1,500 crore and is valued at 1.5–1.6 times implied equity.

The acquisition will increase Federal Bank’s non-co-branded credit card receivables by nearly 90%, strengthening its existing base of 8 lakh non-co-branded cards and 13 lakh co-branded cards.

Detailed Explanation:

Federal Bank is set to acquire a select credit card portfolio from Standard Chartered Bank India comprising around 4.5 lakh credit cards.

The portfolio has an estimated outstanding value of ₹1,500 crore and is valued at 1.5–1.6 times implied equity.

The acquisition will increase Federal Bank’s non-co-branded credit card receivables by nearly 90%, strengthening its existing base of 8 lakh non-co-branded cards and 13 lakh co-branded cards.

The deal will significantly expand Federal Bank’s credit card footprint in India’s top urban markets, with around 75% of the portfolio concentrated in the top 8 cities.

This acquisition will enhance Federal Bank’s presence in Tier-1 cities and provide access to a high-quality, seasoned customer base.

The final portfolio size will depend on customer consent and timing of transfer completion.

The transaction is expected to be completed within calendar year 2026 and does not require regulatory approvals.

 

17) Answer: C

Short Explanation:

A consortium led by steel magnate Lakshmi N. Mittal’s family, along with Serum Institute of India CEO Adar Poonawalla, has signed a definitive agreement to acquire the IPL franchise Rajasthan Royals at a valuation of about $1.65 billion.

After completion, the Mittal family will hold around 75% stake, while Adar Poonawalla will hold about 18% in the franchise.

Detailed Explanation:

A consortium led by steel magnate Lakshmi N. Mittal’s family, along with Serum Institute of India CEO Adar Poonawalla, has signed a definitive agreement to acquire the IPL franchise Rajasthan Royals at a valuation of about $1.65 billion.

After completion, the Mittal family will hold around 75% stake, while Adar Poonawalla will hold about 18% in the franchise.

The remaining 7% stake will remain with existing investors, including Manoj Badale, who will continue his association with the team.

The acquisition also includes overseas franchises such as Paarl Royals (South Africa) and Barbados Royals (Caribbean league).

The deal follows the collapse of an earlier proposed $1.63 billion sale agreement involving a US-based consortium.

18) Answer: D

Short Explanation:

India has been ranked 157th out of 180 countries in the World Press Freedom Index 2026 released by Reporters Without Borders.

The report indicates that global press freedom has reached its lowest level in 25 years, with more than 50 per cent of countries falling under ‘difficult’ or ‘very serious’ categories.

The World Press Freedom Index is an annual assessment based on political environment, legal framework, economic conditions, social context, and safety of journalists

India’s rank (157) reflects declining press freedom conditions over the years

Rankings (World Press Freedom Index 2026):

Country	Rank
Norway	1
Netherlands	2
Estonia	3

Worst Performing Countries:

China	178
North Korea	179
Eritrea	180

 

19) Answer: A

Short Explanation:

The Ministry of Jal Shakti signed reform-linked Memoranda of Understanding (MoUs) with the states of Uttarakhand, Karnataka, and Tripura under Jal Jeevan Mission (JJM) 2.0, following approval by the Union Cabinet.

The MoUs establish a Gram Panchayat-led, service-based and community-centric model for rural water governance to ensure sustainable and regular drinking water supply.

Detailed Explanation:

The Ministry of Jal Shakti signed reform-linked Memoranda of Understanding (MoUs) with the states of Uttarakhand, Karnataka, and Tripura under Jal Jeevan Mission (JJM) 2.0, following approval by the Union Cabinet.

The MoUs establish a Gram Panchayat-led, service-based and community-centric model for rural water governance to ensure sustainable and regular drinking water supply.

Objective to provide adequate quantity and prescribed quality of drinking water to every rural household on a regular basis

Focus on community participation (Jan Bhagidari) and strengthening local institutions

Emphasis on sustainable Operation and Maintenance (O&M) of rural water supply systems

20) Answer: D

World Asthma Day is observed every year on the first Tuesday of May to raise awareness about asthma, a chronic respiratory disease affecting the lungs. In 2026, it is observed on 5 May 2026.

The day is organized by the Global Initiative for Asthma (GINA) to promote better understanding, prevention, and management of asthma.

Theme for 2026: “Access to anti-inflammatory inhalers for everyone with asthma – still an urgent need”