Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of  10th July  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 Grievance Redressal Assessment & Index (GRAI) Rankings for May 2026, which division of the Department of Financial Services (DFS) secured the 2nd position in Group A?

(a) Banking Division

(b) Insurance Division

(c) Pension Division

(d) Revenue Division

(e) Economic Affairs Division

 

2) Recently in news, which entity signed a Memorandum of Understanding (MoU) with the Vietnam International Financial Center–Da Nang (VIFC-DN) to support the development of Vietnam’s International Financial Centre?

(a) International Financial Services Centres Authority (IFSCA)

(b) Gujarat International Finance Tec-City (GIFT City)

(c) National Stock Exchange International Exchange

(d) Reserve Bank of India

(e) Invest India

 

3) Recently in news, Kutch Copper Limited (KCL) secured London Metal Exchange (LME) certification for which product?

(a) Copper wire rods

(b) Refined aluminium ingots

(c) Copper concentrate

(d) Adani Copper Grade A copper cathodes

(e) Zinc cathodes

 

4) Recently in news, NTPC Limited incorporated its wholly owned subsidiary NTPC Energy in which country to expand its clean energy portfolio?

(a) Sri Lanka

(b) Mauritius

(c) Seychelles

(d) Maldives

(e) South Africa

 

5) Recently in news, the Employees' Provident Fund Organisation (EPFO) launched which upgraded platform to consolidate member accounts into a single nationwide database?

(a) UMANG 2.0

(b) Central Pension Grid

(c) DigiEPF Connect

(d) EPFO One Nation Portal

(e) CITES 2.01

6) Recently in news, the Natural History Museum (NHM), Mizoram University, Aizawl was notified as India’s 21st Designated Repository under which Act?

(a) Wildlife Protection Act, 1972

(b) Forest Conservation Act, 1980

(c) Biological Diversity Act, 2002

(d) Environment Protection Act, 1986

(e) National Green Tribunal Act, 2010

7) As per the recent decision of the Ministry of Finance regarding the National Pension System (NPS) for employees of Central Autonomous Bodies (CABs), consider the following statements:

Two additional life cycle investment options under NPS have been extended to employees of Central Autonomous Bodies covered under the scheme.

Earlier, these additional investment options were available only to Central Government employees under NPS.

LC-75 High allows a maximum equity exposure of 75%, while the Aggressive Life Cycle Fund has equity exposure capped at around 50%.

Which of the above statements is/are correct?

(a) Only 1

(b) Only 2

(c) Only 1 and 3

(d) All the above

(e) Only 2 and 3

 

8) Recently in news, the National Workshop on Strengthening Tribal Research Institutes (TRIs), during which TribeX was launched, was held in which city?

(a) Ranchi, Jharkhand

(b) Aizawl, Mizoram

(c) Imphal, Manipur

(d) Raipur, Chhattisgarh

(e) Bhubaneswar, Odisha

 

9)  Recently in news, the inaugural United Nations Global Dialogue on Artificial Intelligence (AI) Governance, where India was represented by Kirti Vardhan Singh, was held in which city?

(a) Vienna, Austria

(b) New York, United States

(c) Geneva, Switzerland

(d) Paris, France

(e) The Hague, Netherlands

 

10) Recently in news, who has been approved by the Reserve Bank of India (RBI) as the Managing Director (MD) and Chief Executive Officer (CEO) of South Indian Bank?

(a) P. R. Seshadri

(b) Mahesh Muralidhar Pai

(c) S. Krishnan

(d) Rajesh Kumar

(e) N. Venkatesh

 

11) Recently in news, which insurtech platform appointed Sourav Ganguly as its Brand Ambassador and launched the ‘Khul Kar Khelo’ campaign?

(a) Policybazaar

(b) Coverfox

(c) Acko

(d) InsuranceDekho

(e) Digit Insurance

 

12) Recently in news, the Jawahar Institute of Mountaineering & Winter Sports (JIM & WS), Pahalgam conducted a mountaineering expedition to which massif in Ladakh?

(a) Nun Kun Massif

(b) Mt Khyam Tso Massif

(c) Stok Kangri Massif

(d) Zanskar Massif

(e) Kang Yatse Massif

 

13) Recently in news, the Flight Acceptance Hot Test of the CE20 Cryogenic Engine for the LVM3-M7 mission was conducted at which ISRO facility?

(a) Vikram Sarabhai Space Centre, Thiruvananthapuram

(b) Satish Dhawan Space Centre, Sriharikota

(c) U R Rao Satellite Centre, Bengaluru

(d) Liquid Propulsion Systems Centre, Bengaluru

(e) ISRO Propulsion Complex (IPRC), Mahendragiri

14) Recently in news, which company unveiled the world’s first sub-1 nanometre (0.7 nm / 7 angstrom) semiconductor chip technology?

(a) Intel

(b) Samsung

(c) IBM

(d) TSMC

(e) NVIDIA

 

15) Recently in news, the Sub-Mission on Agricultural Mechanization (SMAM) was launched under which scheme to promote farm mechanization across India?

(a) Pradhan Mantri Fasal Bima Yojana

(b) Paramparagat Krishi Vikas Yojana

(c) National Food Security Mission

(d) Rashtriya Krishi Vikas Yojana

(e) PM-KISAN

 

16) Recently in news, the proposed Index of Services Production (ISP) will complement which existing index by providing a monthly measure of India’s formal services sector?

(a) Wholesale Price Index (WPI)

(b) Consumer Price Index (CPI)

(c) Index of Industrial Production (IIP)

(d) Index of Eight Core Industries

(e) Producer Price Index (PPI)

17) Recently in news, Garuda Aerospace signed an MoU with Micron Instruments to jointly develop which of the following defence systems?

(a) Ballistic missile defence radars

(b) Loitering munitions and payload-enabled UAVs

(c) Nuclear submarine propulsion systems

(d) Anti-tank guided missile launchers

(e) Aircraft carrier combat systems

 

18) Recently in news, the payment agreement signed by Madhya Pradesh, Gujarat, Rajasthan, and Maharashtra was related to the settlement of financial issues under which project?

(a) Narmada Project

(b) Ken-Betwa Link Project

(c) Polavaram Project

(d) Tehri Hydroelectric Project

(e) Damodar Valley Project

 

19) Recently in news, Indian athletes and officials will wear jute-viscose blended apparel at which international sporting event in 2026?

(a) Asian Games 2026

(b) Commonwealth Games 2026

(c) Olympic Games 2026

(d) World University Games 2026

(e) Asian Indoor and Martial Arts Games 2026

20) Recently in news, Shapoor Zadran, who passed away recently, was associated with which sport?

(a) Football

(b) Hockey

(c) Boxing

(d) Wrestling

(e) Cricket

21) Recently in news, Alan Greenspan, who passed away recently, was best known for serving as the Chairman of which institution?

(a) International Monetary Fund

(b) U.S. Treasury Department

(c) World Bank

(d) Bank of England

(e) U.S. Federal Reserve

22) Recently in news, the first edition of the Grievance Redressal Assessment & Index (GRAI) was released in which year?

(a) 2020

(b) 2021

(c) 2022

(d) 2023

(e) 2024

23) Recently in news, under EPFO’s upgraded CITES 2.01 platform, the auto-settlement limit for eligible advance claims of KYC-compliant members has been increased to________

(a) ₹1 lakh

(b) ₹2 lakh

(c) ₹3 lakh

(d) ₹5 lakh

(e) ₹10 lakh

 

24) In which state Murlen National Park is located?

(a) Mizoram

(b) Manipur

(c) Nagaland

(d) Tripura

(e) Arunachal Pradesh

25) According to the news, the National Pension System (NPS) was opened to all citizens in which year?

(a) 2004

(b) 2006

(c) 2008

(d) 2009

(e) 2011

Answers:

1) Answer: B

Short Explanation:

The Department of Financial Services (DFS) under the Ministry of Finance (through its Banking and Insurance Divisions) receives more than 2.50 lakh grievances annually.

The DFS has consistently featured among the Top 10 Ministries/Departments in the Grievance Redressal Assessment & Index (GRAI) rankings since November 2025.

In the GRAI Rankings for May 2026, the Insurance Division secured the 2nd position in Group A (ministries/departments registering 500 or more grievances).

In the same May 2026 GRAI Rankings, the Banking Division secured the 6th position in Group A.

Detailed Explanation:

The Department of Financial Services (DFS) under the Ministry of Finance (through its Banking and Insurance Divisions) receives more than 2.50 lakh grievances annually.

The DFS has consistently featured among the Top 10 Ministries/Departments in the Grievance Redressal Assessment & Index (GRAI) rankings since November 2025.

In the GRAI Rankings for May 2026, the Insurance Division secured the 2nd position in Group A (ministries/departments registering 500 or more grievances).

In the same May 2026 GRAI Rankings, the Banking Division secured the 6th position in Group A.

Since 7 January 2024, the Secretary, Department of Financial Services has been personally reviewing 20 randomly selected grievances with direct participation of complainants, Chairpersons, MDs, CEOs, and senior officials of the concerned financial institutions.

The grievance review initiative aims to improve customer trust, ensure meaningful grievance resolution, and strengthen citizen-centric governance.

The DFS has organised workshops on "Effective Grievance Redressal Framework" in collaboration with RBI, IRDAI, PFRDA, and all Public Sector Banks (PSBs).

 

2) Answer: B

Short Explanation:

Gujarat International Finance Tec-City (GIFT City), India’s International Financial Services Centre (IFSC), signed a Memorandum of Understanding (MoU) with the Vietnam International Financial Center–Da Nang (VIFC-DN) in New Delhi, Delhi.

The MoU aims to support the development of Vietnam’s International Financial Centre, promote cross-border investments, and strengthen financial and business linkages between India and Vietnam.

The partnership focuses on financial services, financial technology (FinTech), digital innovation, capacity building, financial sector development, and the exchange of institutional knowledge and best practices.

Detailed Explanation:

Gujarat International Finance Tec-City (GIFT City), India’s International Financial Services Centre (IFSC), signed a Memorandum of Understanding (MoU) with the Vietnam International Financial Center–Da Nang (VIFC-DN) in New Delhi, Delhi.

The MoU aims to support the development of Vietnam’s International Financial Centre, promote cross-border investments, and strengthen financial and business linkages between India and Vietnam.

The partnership focuses on financial services, financial technology (FinTech), digital innovation, capacity building, financial sector development, and the exchange of institutional knowledge and best practices.

Under the collaboration, both institutions will undertake joint research, publications, professional exchanges, conferences, seminars, outreach programmes, and regular institutional engagement in areas of mutual interest.

GIFT City also signed an MoU with Tata Communications Limited to promote Global Capability Centres (GCCs) and technology businesses.

Another MoU was signed between GIFT City and CEPT University, Gujarat, to strengthen research, knowledge exchange, and capacity building.

GIFT City is India’s first International Financial Services Centre (IFSC) and serves as a global hub for international finance, banking, capital markets, and FinTech.

 

3) Answer: D

Short Explanation:

Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Limited (AEL), secured London Metal Exchange (LME) certification for its “Adani Copper” Grade A copper cathodes.

The LME approval allows Adani Copper Grade A cathodes to be delivered with warrants eligible for issuance against LME Copper Futures Contracts from 10 July 2026.

Detailed Explanation:

Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Limited (AEL), secured London Metal Exchange (LME) certification for its “Adani Copper” Grade A copper cathodes.

The LME approval allows Adani Copper Grade A cathodes to be delivered with warrants eligible for issuance against LME Copper Futures Contracts from 10 July 2026.

The LME listing places Adani Copper among the world's leading copper brands, providing global recognition, international market credibility, and strengthening Adani Group's presence in the metals sector.

LME-listed copper cathodes can be stored under LME-approved warehouse warrants and used as collateral, enhancing global tradability, liquidity, and financing flexibility.

4) Answer: B

Short Explanation:

NTPC Limited has incorporated a wholly owned subsidiary (WOS) named NTPC (Mauritius) Energy in Mauritius to strengthen its international presence and expand its clean energy portfolio.

NTPC (Mauritius) Energy will develop a proposed Floating Solar Photovoltaic (FSPV) Project integrated with a Battery Energy Storage System (BESS) in Mauritius.

The Floating Solar Photovoltaic (FSPV) project will generate renewable electricity using floating solar panels installed on water bodies, improving efficient land and water resource utilization.

Detailed Explanation:

NTPC Limited has incorporated a wholly owned subsidiary (WOS) named NTPC (Mauritius) Energy in Mauritius to strengthen its international presence and expand its clean energy portfolio.

NTPC (Mauritius) Energy will develop a proposed Floating Solar Photovoltaic (FSPV) Project integrated with a Battery Energy Storage System (BESS) in Mauritius.

The Floating Solar Photovoltaic (FSPV) project will generate renewable electricity using floating solar panels installed on water bodies, improving efficient land and water resource utilization.

 

5) Answer: E

Short Explanation:

The Employees' Provident Fund Organisation (EPFO) launched the upgraded Centralised IT Enabled Services (CITES 2.01) platform, marking the largest digital transformation in the organisation's history.

The platform consolidates around 340-million-member accounts from more than 120 decentralised databases into a single nationwide database, enabling faster claim processing and improved member services.

Earlier, each EPFO regional office maintained its own database, restricting claim processing to the member's registered office. Under CITES 2.01, authorised EPFO offices across India can process service requests through a unified platform.

Detailed Explanation:

The Employees' Provident Fund Organisation (EPFO) launched the upgraded Centralised IT Enabled Services (CITES 2.01) platform, marking the largest digital transformation in the organisation's history.

The platform consolidates around 340-million-member accounts from more than 120 decentralised databases into a single nationwide database, enabling faster claim processing and improved member services.

Earlier, each EPFO regional office maintained its own database, restricting claim processing to the member's registered office. Under CITES 2.01, authorised EPFO offices across India can process service requests through a unified platform.

The nationwide rollout of CITES 2.01 is expected to become fully operational by the end of the rollout week.

Alongside the launch, the Ministry of Labour and Employment announced that Employees' Provident Fund (EPF) interest for Financial Year 2025–26 at 8.25% will be credited to members' accounts by 15 July 2026.

The Battery Energy Storage System (BESS) will store excess solar energy and ensure a reliable and continuous power supply during periods of low solar generation.

BESS will enhance grid stability, improve the integration of renewable energy, and provide uninterrupted electricity, supporting a more resilient power system.

6) Answer: C

Short Explanation:

The Ministry of Environment, Forest and Climate Change (MoEFCC) has notified the Natural History Museum (NHM), Mizoram University, Aizawl, as India's 21st Designated Repository under Section 39 of the Biological Diversity Act, 2002.

The notification was issued on 19 June 2026 following the recommendation of the National Biodiversity Authority (NBA).

Detailed Explanation:

The Ministry of Environment, Forest and Climate Change (MoEFCC) has notified the Natural History Museum (NHM), Mizoram University, Aizawl, as India's 21st Designated Repository under Section 39 of the Biological Diversity Act, 2002.

The notification was issued on 19 June 2026 following the recommendation of the National Biodiversity Authority (NBA).

The designation strengthens India's scientific infrastructure for preserving authenticated biological specimens and supports long-term biodiversity conservation.

A Designated Repository is an institution officially recognised to preserve biological specimens collected under the Biological Diversity Act, 2002, maintain reference collections for scientific research, support species identification and classification, and conserve India's biological resources.

Established in 2022, the Natural History Museum is located within the Indo-Burma Biodiversity Hotspot, one of the world's richest biodiversity regions.

7) Answer: D

Short Explanation:

The Ministry of Finance has extended two additional life cycle investment options under the National Pension System (NPS) to employees of Central Autonomous Bodies (CABs) covered under the scheme.

The decision was announced by the Department of Expenditure, Ministry of Finance.

Earlier, these additional investment options were available only to Central Government employees under the National Pension System (NPS).

LC-75 High (earlier known as LC-75 Aggressive Life Cycle Fund):

Maximum 75% equity exposure.

Suitable for subscribers with a high risk appetite.

Designed for long-term wealth creation and higher growth potential.

Detailed Explanation:

The Ministry of Finance has extended two additional life cycle investment options under the National Pension System (NPS) to employees of Central Autonomous Bodies (CABs) covered under the scheme.

The decision was announced by the Department of Expenditure, Ministry of Finance.

Earlier, these additional investment options were available only to Central Government employees under the National Pension System (NPS).

The move aims to provide greater flexibility in retirement planning by allowing employees to choose investment strategies based on their risk appetite and retirement goals.

New investment options under the National Pension System (NPS):

LC-75 High (earlier known as LC-75 Aggressive Life Cycle Fund):

Maximum 75% equity exposure.

Suitable for subscribers with a high risk appetite.

Designed for long-term wealth creation and higher growth potential.

Aggressive Life Cycle Fund (earlier known as Balanced Life Cycle Fund):

Equity exposure capped at around 50%.

Equity allocation gradually reduces from the age of 45 years.

Suitable for subscribers seeking a balanced investment strategy with moderate risk.

 

8) Answer: E

Short Explanation:

The Ministry of Tribal Affairs launched TribeX, India's first dedicated digital learning platform for tribal arts, culture, languages, and traditional knowledge.

The platform was launched by Union Minister for Tribal Affairs Jual Oram during the National Workshop on Strengthening Tribal Research Institutes (TRIs) held in Bhubaneswar, Odisha.

Detailed Explanation:

The Ministry of Tribal Affairs launched TribeX, India's first dedicated digital learning platform for tribal arts, culture, languages, and traditional knowledge.

The platform was launched by Union Minister for Tribal Affairs Jual Oram during the National Workshop on Strengthening Tribal Research Institutes (TRIs) held in Bhubaneswar, Odisha.

TribeX is a comprehensive digital platform that integrates education, digital documentation, research, knowledge preservation, and skill development related to India's tribal heritage.

The platform provides learners with authentic access to tribal knowledge through tribal artisans, scholars, and cultural experts, helping preserve indigenous traditions in digital form

9) Answer: C

Union Minister of State (MoS) Kirti Vardhan Singh represented India at the inaugural United Nations (UN) Global Dialogue on Artificial Intelligence (AI) Governance held in Geneva, Switzerland, from 6–7 July 2026.

Kirti Vardhan Singh represented both the Ministry of External Affairs (MEA) and the Ministry of Environment, Forest and Climate Change (MoEFCC).

India reaffirmed its “AI for All” vision, advocating responsible, inclusive, human-centric AI, human rights protection, regulatory oversight, and safeguards against the misuse of AI.

The UN Global Dialogue on AI Governance 2026 is a universal multi-stakeholder forum established under United Nations General Assembly (UNGA) Resolution 79/325.

10) Answer: B

The Reserve Bank of India (RBI) approved the appointment of Mahesh Muralidhar Pai as the Managing Director (MD) and Chief Executive Officer (CEO) of South Indian Bank (SIB).

Mahesh Muralidhar Pai has been appointed for a 3-year term effective from 1 October 2026, subject to completion of all statutory and regulatory formalities.

He will succeed P. R. Seshadri, who will remain in office until 30 September 2026 (having stepped down earlier from active responsibilities to pursue personal interests).

 

11) Answer: D

Short Explanation:

InsuranceDekho, an Insurtech platform, appointed former Indian cricket captain Sourav Ganguly as its Brand Ambassador.

Along with the appointment, InsuranceDekho launched the ‘Khul Kar Khelo’ campaign to empower insurance advisors across India.

Theme: The ‘Khul Kar Khelo’ campaign is inspired by Sourav Ganguly’s fearless leadership, highlighting his role in supporting teammates and nurturing a generation of successful cricketers.

Detailed Explanation:

InsuranceDekho, an Insurtech platform, appointed former Indian cricket captain Sourav Ganguly as its Brand Ambassador.

Along with the appointment, InsuranceDekho launched the ‘Khul Kar Khelo’ campaign to empower insurance advisors across India.

Theme: The ‘Khul Kar Khelo’ campaign is inspired by Sourav Ganguly’s fearless leadership, highlighting his role in supporting teammates and nurturing a generation of successful cricketers.

Objective: The campaign aims to help insurance advisors grow their businesses, increase earnings, expand customer reach, and strengthen their role as micro-entrepreneurs while promoting financial protection for Indian families.

The campaign will be promoted through Television, Digital, and Broadcast platforms.

Sourav Ganguly was the 39th Test Captain of India and led the Indian team to the 2003 ICC Cricket World Cup Final.

12) Answer: B

Short Explanation:

The Jawahar Institute of Mountaineering & Winter Sports (JIM & WS), Pahalgam successfully conducted a 22-member mountaineering expedition to the Mt Khyam Tso Massif in the Rumtse Phu region, Ladakh.

The expedition was flagged off on 26 June 2026 by Team Leader Col Hem Chandra Singh.

Detailed Explanation:

The Jawahar Institute of Mountaineering & Winter Sports (JIM & WS), Pahalgam successfully conducted a 22-member mountaineering expedition to the Mt Khyam Tso Massif in the Rumtse Phu region, Ladakh.

The expedition was flagged off on 26 June 2026 by Team Leader Col Hem Chandra Singh.

After a structured acclimatization programme in Ladakh, the team successfully summited Peak Pt 5901M on 2 July 2026 despite extreme weather conditions.

During the expedition, Col Hem Chandra Singh achieved a historic first-ever paragliding flight from an altitude of 5,600 metres from Peak Pt 5901M.

On 3 July 2026, the team successfully climbed another technically challenging peak (6,090 metres) and Peak Pt 5944M, displaying exceptional grit, endurance, and teamwork.

 

13) Answer: E

Short Explanation:

The Indian Space Research Organisation (ISRO) successfully conducted the Flight Acceptance Hot Test of the CE20 Cryogenic Engine for the LVM3-M7 (Launch Vehicle Mark-3 Mission-7).

The test was conducted at the Main Engine & Stage Test Facility (MET) of the ISRO Propulsion Complex (IPRC), Mahendragiri, Tamil Nadu.

Detailed Explanation:

The Indian Space Research Organisation (ISRO) successfully conducted the Flight Acceptance Hot Test of the CE20 Cryogenic Engine for the LVM3-M7 (Launch Vehicle Mark-3 Mission-7).

The test was conducted at the Main Engine & Stage Test Facility (MET) of the ISRO Propulsion Complex (IPRC), Mahendragiri, Tamil Nadu.

During the test, the CE20 Cryogenic Engine operated at 19.5 tonnes of thrust for 45 seconds and 22 tonnes of thrust for 25 seconds, successfully validating its performance for the LVM3-M7 mission.

The Nozzle Protection System (NPS) was used for the first time during a CE20 engine flight acceptance test.

The successful test confirmed the satisfactory performance of both the CE20 engine systems and the Nozzle Protection System (NPS).

14) Answer: C

Short Explanation:

IBM unveiled the world's first sub-1 nanometre (0.7 nm / 7 angstrom) semiconductor chip technology, marking a major breakthrough in next-generation computing and semiconductor manufacturing.

The innovation moves chip manufacturing beyond the traditional nanometre era toward atomic-scale (angstrom-level) engineering, overcoming the physical limits of conventional chip scaling.

Detailed Explanation:

IBM unveiled the world's first sub-1 nanometre (0.7 nm / 7 angstrom) semiconductor chip technology, marking a major breakthrough in next-generation computing and semiconductor manufacturing.

The innovation moves chip manufacturing beyond the traditional nanometre era toward atomic-scale (angstrom-level) engineering, overcoming the physical limits of conventional chip scaling.

The chip is built using IBM's 3D "Nanostack" transistor architecture, the industry's first three-dimensional nanosheet-based transistor design.

The 0.7 nm (7 angstrom) chip packs nearly 100 billion transistors on a chip approximately the size of a fingernail, almost twice the transistor density of IBM's 2 nm chip launched in 2021.

According to IBM, the new chip is expected to deliver up to 50% higher performance or 70% greater energy efficiency compared to its 2 nm node technology.

 

15) Answer: D

Short Explanation:

The Sub-Mission on Agricultural Mechanization (SMAM) was launched in 2014–15 as a Centrally Sponsored Scheme (CSS) under the Rashtriya Krishi Vikas Yojana (RKVY) to promote farm mechanization across India.

Objective: To "reach the unreached" by extending mechanization benefits to small & marginal farmers, women farmers, SCs, STs, Farmer Producer Organisations (FPOs), Self-Help Groups (SHGs), and rural entrepreneurs.

Detailed Explanation:

The Sub-Mission on Agricultural Mechanization (SMAM) was launched in 2014–15 as a Centrally Sponsored Scheme (CSS) under the Rashtriya Krishi Vikas Yojana (RKVY) to promote farm mechanization across India.

Objective: To "reach the unreached" by extending mechanization benefits to small & marginal farmers, women farmers, SCs, STs, Farmer Producer Organisations (FPOs), Self-Help Groups (SHGs), and rural entrepreneurs.

Farm mechanization covers the entire crop cycle including land preparation, sowing, irrigation, plant protection, harvesting, and post-harvest management, improving productivity and reducing labour dependence.

Special emphasis has been given to North-Eastern (NE) States and underserved regions to reduce regional disparities in mechanization.

Since inception, ₹9,404.47 crore has been provided under SMAM, supporting the distribution of 21.61 lakh agricultural machines to individual farmers.

Under SMAM, 27,554 Custom Hiring Centres (CHCs), 646 Hi-Tech Hubs, and 25,608 Farm Machinery Banks (FMBs) have been established.

The number of beneficiaries receiving individual farm machinery increased from 2.07 lakh (2020–21) to 2.32 lakh (2024–25).

 

16) Answer: C

Short Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) released the report of the Technical Advisory Committee on the Index of Services Production (ISP), marking a significant step towards strengthening India's economic statistics.

The proposed Index of Services Production (ISP) will be a high-frequency monthly indicator to measure the performance of India's formal services sector.

The Index of Services Production (ISP) will complement the Index of Industrial Production (IIP) by providing a monthly measure of the services sector, enabling better economic monitoring and evidence-based policymaking.

Detailed Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) released the report of the Technical Advisory Committee on the Index of Services Production (ISP), marking a significant step towards strengthening India's economic statistics.

The proposed Index of Services Production (ISP) will be a high-frequency monthly indicator to measure the performance of India's formal services sector.

The base year for the index has been fixed as 2024–25.

The trial release of the Index of Services Production (ISP) is scheduled for 14 July 2026.

The services sector contributes nearly 53% of India's Gross Value Added (GVA), making it the largest contributor to the Indian economy.

The Index of Services Production (ISP) will complement the Index of Industrial Production (IIP) by providing a monthly measure of the services sector, enabling better economic monitoring and evidence-based policymaking.

It is India's first comprehensive monthly index covering the production performance of the formal services sector.

 

17) Answer: B

Short Explanation:

Garuda Aerospace, a Chennai-based drone technology company, signed a Memorandum of Understanding (MoU) with Micron Instruments, a manufacturer of precision fuzes, defence ammunition systems, and critical military components.

Under the collaboration, the companies will jointly develop loitering munitions, payload-enabled Unmanned Aerial Vehicles (UAVs), and advanced unmanned defence systems.

Detailed Explanation:

Garuda Aerospace, a Chennai-based drone technology company, signed a Memorandum of Understanding (MoU) with Micron Instruments, a manufacturer of precision fuzes, defence ammunition systems, and critical military components.

The partnership aims to develop next-generation indigenous defence solutions by combining expertise in advanced manufacturing, defence engineering, and innovation.

Under the collaboration, the companies will jointly develop loitering munitions, payload-enabled Unmanned Aerial Vehicles (UAVs), and advanced unmanned defence systems.

The Memorandum of Understanding (MoU) will integrate Micron Instruments' expertise in custom-designed precision fuzes with Garuda Aerospace's advanced drone technologies.

 

18) Answer: A

The States of Madhya Pradesh, Gujarat, Rajasthan, and Maharashtra signed a payment agreement in New Delhi to resolve long-pending financial issues related to the Narmada Project.

The agreement settles the cost-sharing of the Sardar Sarovar Project and the Indira Sagar Project in accordance with the Narmada Water Disputes Tribunal (NWDT) Award.

The signing ceremony was attended by Union Home Minister Amit Shah and Union Minister for Jal Shakti C. R. Patil.

The agreement covers rehabilitation and resettlement expenses, compensation for submerged land, construction costs, interest on borrowings, and settlement of pending financial liabilities among the participating states.

 

19) Answer: B

Short Explanation:

Indian athletes and officials will wear jute-viscose blended apparel during the Commonwealth Games 2026 to be held in Glasgow, Scotland, from 23 July to 2 August 2026.

The eco-friendly apparel has been developed by the National Jute Board (NJB) under the Ministry of Textiles to promote sustainable textiles, natural fibres, value-added jute products, and the Make in India initiative.

The apparel is made from 100% biodegradable jute-viscose blended fabric, showcasing India's commitment to environmentally sustainable textile innovation.

Detailed Explanation:

Indian athletes and officials will wear jute-viscose blended apparel during the Commonwealth Games 2026 to be held in Glasgow, Scotland, from 23 July to 2 August 2026.

The eco-friendly apparel has been developed by the National Jute Board (NJB) under the Ministry of Textiles to promote sustainable textiles, natural fibres, value-added jute products, and the Make in India initiative.

The apparel is made from 100% biodegradable jute-viscose blended fabric, showcasing India's commitment to environmentally sustainable textile innovation.

The Commonwealth Games 2026 will be the first international multi-sport event in which a national contingent will officially wear jute-based apparel.

India will be represented by a 124-member contingent, comprising 78 male athletes and 46 female athletes, who will wear the special apparel during official ceremonies and team engagements.

The Kit Unveiling and Send-off Ceremony was held in New Delhi on 7 July 2026.

 

20) Answer: E

Shapoor Zadran, former Afghanistan fast bowler and one of the pioneers of Afghanistan’s rise in international cricket, passed away at the age of 38 in New Delhi, Delhi.

He was born on 8 July 1987 in Paktia Province, Afghanistan.

He represented Afghanistan in 44 One Day Internationals (ODIs) and 36 Twenty20 Internationals (T20Is) between 2009 and 2020.

He claimed a total of 80 international wickets across ODIs and T20Is.

21) Answer: E

Short Explanation:

Alan Greenspan, former Chairman of the U.S. Federal Reserve (Fed), passed away at the age of 99 in Washington, D.C., USA.

Alan Greenspan served as the Chairman of the U.S. Federal Reserve from 1987 to 2006, making him one of the longest-serving central bank chiefs in U.S. history.

He was popularly known as the "Fed Wizard" for his significant influence on U.S. monetary policy and global financial markets.

Detailed Explanation:

Alan Greenspan, former Chairman of the U.S. Federal Reserve (Fed), passed away at the age of 99 in Washington, D.C., USA.

Alan Greenspan served as the Chairman of the U.S. Federal Reserve from 1987 to 2006, making him one of the longest-serving central bank chiefs in U.S. history.

He was popularly known as the "Fed Wizard" for his significant influence on U.S. monetary policy and global financial markets.

During his tenure, he guided the American economy through major events including the 1987 Stock Market Crash, the Dot-com Boom, and the September 11 (9/11) terrorist attacks.

Before becoming Federal Reserve Chairman, he served as Chairman of the U.S. Council of Economic Advisers under President Gerald Ford.

President Ronald Reagan appointed Alan Greenspan as the Chairman of the Federal Reserve in 1987.

He authored the book "The Age of Turbulence: Adventures in a New World" (2007), focusing on global economic developments, financial markets, and public policy.

 

22) Answer: C

The Grievance Redressal Assessment & Index (GRAI) is developed by the Department of Administrative Reforms and Public Grievances (DARPG).

The first edition of GRAI 2022 was released on 21 June 2023.

Objective of GRAI: To evaluate Ministries and Departments on the effectiveness and timeliness of grievance redressal through the Centralized Public Grievance Redress and Monitoring System (CPGRAMS).

GRAI is based on 4 dimensions—Efficiency, Feedback, Domain, and Organisational Commitment—along with 11 performance indicators for assessing grievance redressal

23) Answer: D

CITES 2.01 introduces automated pre-validation of claims, instant notifications for discrepancies, display of eligible withdrawal amounts before claim submission, and centralised claim processing, reducing delays and claim rejections.

The auto-settlement limit for eligible advance claims has been increased from ₹1 lakh to ₹5 lakh for Know Your Customer (KYC)-compliant members, enabling quicker settlements with minimal manual intervention.

The platform also introduces a centralised payment architecture for faster electronic transfers and revises the interest calculation method by computing interest up to the actual date of payment authorisation, instead of only up to the previous month's end.

 

24) Answer: A

About Mizoram:

Chief Minister: Lalduhoma

Governor: Vijay Kumar Singh

Capital: Aizawl

National Parks: Murlen National Park, Phawngpui (Blue Mountain) National Park

Wildlife Sanctuaries: Dampa Wildlife Sanctuary, Khawnglung Wildlife Sanctuary, Lengteng Wildlife Sanctuary, Tawi Wildlife Sanctuary, Thorangtlang Wildlife Sanctuary, Tokalo Wildlife Sanctuary

 

25) Answer: D

About National Pension System (NPS)

Launched: 1 January 2004 (for Central Government employees); opened to all citizens in 2009.

Regulator: Pension Fund Regulatory and Development Authority (PFRDA).

Administrative Ministry: Ministry of Finance