Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of  14th  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) Recently, which Reserve Bank of India (RBI) survey is conducted across 19 cities to assess households' inflation expectations based on their individual consumption baskets?

(a) Rural Consumer Confidence Survey (RCCS)

(b) Urban Consumer Confidence Survey (UCCS)

(c) Inflation Expectations Survey of Households (IESH)

(d) Consumer Price Index Survey (CPIS)

(e) Household Income Survey (HIS)

 

2) Recently, AU Small Finance Bank (AU SFB) partnered with Zaggle Prepaid Ocean Services Limited to launch the AU Zaggle Co-Branded Retail Credit Card on which payment networks?

(a) Visa and RuPay

(b) Visa and Mastercard

(c) RuPay and American Express

(d) Mastercard and Discover

(e) Visa only

3) Recently, which bank launched EPFO Payment Services by integrating with the Employees' Provident Fund Organisation (EPFO)?

(a) HDFC Bank

(b) ICICI Bank

(c) Punjab National Bank

(d) Axis Bank

(e) IDFC FIRST Bank

 

4) Recently, Bank of Baroda (BoB) agreed to pay USD 600 million in an out-of-court settlement to resolve claims related to its lending exposure to which collapsed company?

(a) Abraaj Group

(b) NMC Health PLC

(c) Dubai World

(d) Emirates NBD

(e) Gulf Finance House

 

5) Recently, the Pension Fund Regulatory and Development Authority (PFRDA) constituted which committee to strengthen the National Pension System (NPS) by attracting global pension fund investments into India?

(a) ASCEND Committee

(b) VIKAS Committee

(c) SAMRIDH Committee

(d) VISION Committee

(e) UDAAN Committee

 

6) Recently, the Ministry of MSME mandated all operating Central Public Sector Enterprises (CPSEs) to settle MSME invoices through which RBI-authorised digital platform?

(a) Bharat Bill Payment System (BBPS)

(b) Trade Receivables Discounting System (TReDS)

(c) Unified Payments Interface (UPI)

(d) Public Financial Management System (PFMS)

(e) Open Credit Enablement Network (OCEN)

 

7) Recently, which state government unveiled the Artificial Intelligence (AI) Policy 2026–31 Roadmap to position itself as a leading AI-driven governance and technology hub?

(a) Karnataka

(b) Telangana

(c) Maharashtra

(d) Jharkhand

(e) Gujarat

 

8) Recently, which state government is implementing the Nishulk Boring Yojana 2026 to provide free borewell installation and subsidised pump sets to eligible farmers?

(a) Madhya Pradesh

(b) Rajasthan

(c) Uttar Pradesh

(d) Bihar

(e) Haryana

 

9) Recently, which smart card has been made mandatory by the Government of Delhi for women to avail free travel on DTC and DIMTS Cluster buses from 1 August 2026?

(a) One Delhi Card

(b) Pink Saheli Smart Card

(c) National Common Mobility Card (NCMC)

(d) Delhi Metro Smart Card

(e) Shakti Transit Card

 

10) With reference to the Uttar Pradesh Mahila Udyam Nidhi Yojana 2026, consider the following statements:

1. The scheme aims to provide affordable credit to women entrepreneurs for establishing or expanding micro and small enterprises.
2. Eligible women can avail loans ranging from ₹50,000 to ₹10 lakh at a concessional interest rate of around 4%.
3. Collateral is not required for loans up to ₹2 lakh under the scheme.

(a) Only Statement 1 is correct

(b) Only Statements 1 and 2 are correct

(c) Only Statements 2 and 3 are correct

(d) All the above

(e) None of the above

 

11) Recently, which state government launched the 'Viksit – Data Centre Policy 2026–29' to position itself as a leading hub for hyperscale data centres and AI infrastructure?

(a) Gujarat

(b) Karnataka

(c) Telangana

(d) Maharashtra

(e) Tamil Nadu

 

12) Recently, State Bank of India (SBI) raised ₹1,655 crore by selling a 1.42% stake in which of its subsidiaries through a pre-IPO placement?

(a) SBI Life Insurance Company Ltd.

(b) SBI General Insurance Company Ltd.

(c) SBI Funds Management Limited (SBIFM)

(d) SBI Cards and Payment Services Ltd.

(e) SBI Capital Markets Ltd.

13) Recently, the Government of India approved a Joint Venture (JV) between Dixon Technologies (India) Limited and Vivo Mobile India Limited (VMI). What will be Dixon Technologies' stake in the proposed JV?

(a) 49%

(b) 51%

(c) 50%

(d) 74%

(e) 100%

14) Recently, which country successfully achieved the first controlled recovery of an orbital-class reusable rocket booster following the maiden launch of the Long March-10B carrier rocket?

(a) United States

(b) Russia

(c) China

(d) Japan

(e) India

 

15) Recently, Indian Naval Sail Training Ship INS Sudarshini arrived at which city in the United States after participating in the Sail4th 250 celebrations?

(a) New York

(b) Boston

(c) San Francisco

(d) Miami

(e) Washington, D.C.

 

16) Recently, India and Japan held which edition of the Defence Policy Dialogue in Tokyo to strengthen bilateral defence and strategic cooperation?

(a) 5th Defence Policy Dialogue

(b) 6th Defence Policy Dialogue

(c) 7th Defence Policy Dialogue

(d) 8th Defence Policy Dialogue

(e) 9th Defence Policy Dialogue

 

17) Recently, Prime Minister Narendra Modi announced the India–Australia Roadmap for Sports Collaboration during his visit to Australia. The roadmap aims to strengthen cooperation ahead of which major sporting event to be hosted in Ahmedabad?

(a) Asian Games 2030

(b) Commonwealth Games 2030

(c) Olympic Games 2036

(d) Cricket World Cup 2031

(e) Youth Olympic Games 2030

 

18) Recently, the Department of Posts (DoP) signed a Memorandum of Understanding (MoU) with which organisation to conduct India's largest-ever rural telecom network performance survey?

(a) National Informatics Centre (NIC)

(b) Telecom Regulatory Authority of India (TRAI)

(c) Bharat Broadband Network Limited (BBNL)

(d) Centre for Development of Telematics (C-DOT)

(e) Department of Telecommunications (DoT)

 

19) Recently, India and New Zealand launched the Strategic Partnership Roadmap with a target year of___________

(a) 2030

(b) 2029

(c) 2032

(d) 2035

(e) 2040

 

20) Recently, India and Australia announced 18 agreements and initiatives during which edition of the India–Australia Annual Summit?

(a) First India–Australia Annual Summit

(b) Second India–Australia Annual Summit

(c) Third India–Australia Annual Summit

(d) Fourth India–Australia Annual Summit

(e) Fifth India–Australia Annual Summit

Answers:

1) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) launched the Inflation Expectations Survey of Households (IESH), Rural Consumer Confidence Survey (RCCS), and Urban Consumer Confidence Survey (UCCS) to collect household feedback on inflation, economic conditions, employment, income, and spending.

The surveys provide critical inputs for monetary policy formulation ahead of the Monetary Policy Committee (MPC) meeting scheduled from 3–5 August 2026.

The Inflation Expectations Survey of Households (IESH) is conducted across 19 cities to assess households’ inflation expectations based on their individual consumption baskets.

Detailed Explanation:

The Reserve Bank of India (RBI) launched the Inflation Expectations Survey of Households (IESH), Rural Consumer Confidence Survey (RCCS), and Urban Consumer Confidence Survey (UCCS) to collect household feedback on inflation, economic conditions, employment, income, and spending.

The surveys provide critical inputs for monetary policy formulation ahead of the Monetary Policy Committee (MPC) meeting scheduled from 3–5 August 2026.

The Inflation Expectations Survey of Households (IESH) is conducted across 19 cities to assess households’ inflation expectations based on their individual consumption baskets.

IESH gathers qualitative responses on general and product-specific price movements for the next 3 months and 1 year.

IESH also collects quantitative estimates of current inflation, 3-month-ahead inflation, and 1-year-ahead inflation.

The Rural Consumer Confidence Survey (RCCS) covers rural and semi-urban households across 31 States and Union Territories (UTs).

2) Answer: A

Short Explanation:

AU Small Finance Bank Limited (AU SFB) partnered with Zaggle Prepaid Ocean Services Limited (Zaggle) to launch the AU Zaggle Co-Branded Retail Credit Card on the Visa and RuPay payment networks through the zagg.money platform.

The AU Zaggle Co-Branded Retail Credit Card offers customizable rewards, Zagg Coins-to-cashback, Unified Payments Interface (UPI) support, and contactless payment benefits, providing customers with a personalized digital credit card experience.

Detailed Explanation:

AU Small Finance Bank Limited (AU SFB) partnered with Zaggle Prepaid Ocean Services Limited (Zaggle) to launch the AU Zaggle Co-Branded Retail Credit Card on the Visa and RuPay payment networks through the zagg.money platform.

The AU Zaggle Co-Branded Retail Credit Card offers customizable rewards, Zagg Coins-to-cashback, Unified Payments Interface (UPI) support, and contactless payment benefits, providing customers with a personalized digital credit card experience.

Cardholders can earn accelerated Zagg Coins on UPI and contactless transactions, along with higher cashback upon achieving specified spending milestones.

Zagg Coins earned through card usage can be converted into cashback via the zagg.money app, with the cashback amount credited directly to the credit card account.

 

3) Answer: E

Short Explanation:

IDFC FIRST Bank has launched Employees' Provident Fund Organisation (EPFO) Payment Services through integration with the Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment.

The new service enables employers and establishments to make Employees' Provident Fund (EPF) contributions digitally by initiating payments through the EPFO Portal and completing them via IDFC FIRST Bank's Retail and Corporate Internet Banking platforms.

The integration provides a fully digital, secure, and paperless payment solution for Provident Fund (PF) contributions.

Detailed Explanation:

IDFC FIRST Bank has launched Employees' Provident Fund Organisation (EPFO) Payment Services through integration with the Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment.

The new service enables employers and establishments to make Employees' Provident Fund (EPF) contributions digitally by initiating payments through the EPFO Portal and completing them via IDFC FIRST Bank's Retail and Corporate Internet Banking platforms.

The integration provides a fully digital, secure, and paperless payment solution for Provident Fund (PF) contributions.

The service offers real-time transaction confirmation, instant challan download, and an intuitive user interface for easier payment processing and record maintenance.

The facility supports easy reconciliation of PF payments through instant challan generation.

The EPFO integration helps businesses ensure timely statutory compliance and efficient cash flow management by enabling seamless digital PF payments throughout the year.

 

4) Answer: B

Short Explanation:

Bank of Baroda (BoB) has entered into a joint out-of-court settlement with NMC Health PLC and NMC Healthcare Ltd, agreeing to pay USD 600 million (around ₹5,100 crore) to resolve claims related to its lending exposure to the collapsed UAE-based NMC Group.

The settlement ends the long-running legal proceedings before the Abu Dhabi Global Market (ADGM) Court and the UK Insolvency and Companies Court, avoiding prolonged litigation and legal expenses.

The settlement was reached without any admission of liability or wrongdoing by Bank of Baroda.

Detailed Explanation:

Bank of Baroda (BoB) has entered into a joint out-of-court settlement with NMC Health PLC and NMC Healthcare Ltd, agreeing to pay USD 600 million (around ₹5,100 crore) to resolve claims related to its lending exposure to the collapsed UAE-based NMC Group.

The settlement ends the long-running legal proceedings before the Abu Dhabi Global Market (ADGM) Court and the UK Insolvency and Companies Court, avoiding prolonged litigation and legal expenses.

The settlement was reached without any admission of liability or wrongdoing by Bank of Baroda.

The agreement resolves all claims against Bank of Baroda arising from the NMC Health case.

NMC Group collapsed in 2020 following allegations of financial fraud and undisclosed debt, becoming one of the largest corporate failures in the Gulf region.

Indian banks, including Bank of Baroda, had significant lending exposure to the NMC Group.

 

5) Answer: A

Short Explanation:

Pension Fund Regulatory and Development Authority (PFRDA) has constituted the ASCEND (Accelerated Scaling of Global Capital Ecosystem and NPS Development) Committee to strengthen the National Pension System (NPS) by attracting global pension fund investments into India.

The ASCEND Committee will prepare a roadmap for collaboration between Indian pension funds under the NPS framework and leading global pension funds to channel long-term, stable capital into infrastructure and other strategic sectors, while safeguarding NPS subscribers’ interests.

The ASCEND Committee is chaired by Dinesh Khara, Chairman of the NPS Trust.

Detailed Explanation:

Pension Fund Regulatory and Development Authority (PFRDA) has constituted the ASCEND (Accelerated Scaling of Global Capital Ecosystem and NPS Development) Committee to strengthen the National Pension System (NPS) by attracting global pension fund investments into India.

The ASCEND Committee will prepare a roadmap for collaboration between Indian pension funds under the NPS framework and leading global pension funds to channel long-term, stable capital into infrastructure and other strategic sectors, while safeguarding NPS subscribers’ interests.

The ASCEND Committee is chaired by Dinesh Khara, Chairman of the NPS Trust.

Other members of the ASCEND Committee include Narayan Ramachandran (Chairman, TeamLease Services), Ananth Narayan (Former Whole-Time Member, SEBI), Ashvin Parekh (Managing Partner, Ashvin Parekh Advisory Services), Dr. Arvind Gupta (Trustee, NPS Trust), and Suparna Tandon (CEO, NPS Trust), who serves as the Member Secretary.

India’s National Pension System (NPS) currently manages assets worth around USD 185 billion (approximately ₹17.5 lakh crore), equivalent to nearly 5% of India’s Gross Domestic Product (GDP), making it one of the country’s largest sources of long-term domestic savings.

 

6) Answer: B

Short Explanation:

The Ministry of Micro, Small and Medium Enterprises (MSME), through a notification issued on 30 June 2026, mandated all operating Central Public Sector Enterprises (CPSEs) to settle MSME invoices for goods and services through Trade Receivables Discounting System (TReDS) platforms authorised by the Reserve Bank of India (RBI).

The new mandate implements a key announcement of the Union Budget FY2026–27, aimed at strengthening MSME financing and ensuring timely payments.

Detailed Explanation:

The Ministry of Micro, Small and Medium Enterprises (MSME), through a notification issued on 30 June 2026, mandated all operating Central Public Sector Enterprises (CPSEs) to settle MSME invoices for goods and services through Trade Receivables Discounting System (TReDS) platforms authorised by the Reserve Bank of India (RBI).

The new mandate implements a key announcement of the Union Budget FY2026–27, aimed at strengthening MSME financing and ensuring timely payments.

Under the new framework, CPSEs must route and settle MSME invoices through TReDS, enhancing transparency, accountability, and payment discipline.

CPSEs are required to disclose details of MSME invoices processed through TReDS and obtain a Statutory Auditor’s Certificate confirming TReDS registration and compliance during the annual audit.

The initiative will facilitate collateral-free working capital for MSMEs by enabling invoice discounting before the payment due date, improving their liquidity.

The reform is expected to make CPSEs role models for timely payment practices among large corporate buyers.

Trade Receivables Discounting System (TReDS) is an RBI-authorised digital platform, operational since 2017, designed to facilitate financing and discounting of trade receivables of MSMEs due from corporate buyers, Government Departments, and Public Sector Undertakings (PSUs) through competitive bidding by multiple financiers.

7) Answer: D

Short Explanation:

The Government of Jharkhand unveiled the Artificial Intelligence (AI) Policy 2026–31 Roadmap to position the state as a leading Artificial Intelligence (AI)-driven governance and technology hub.

The roadmap was presented during the National Stakeholder Consultation 2026 in New Delhi.

The roadmap aims to attract more than ₹10,000 crore in private investment, establish 50+ Global Capability Centres (GCCs), support 1,000 Artificial Intelligence (AI) startups, and create over one lakh Artificial Intelligence (AI)-enabled jobs during 2026–31.

Detailed Explanation:

The Government of Jharkhand unveiled the Artificial Intelligence (AI) Policy 2026–31 Roadmap to position the state as a leading Artificial Intelligence (AI)-driven governance and technology hub.

The roadmap was presented during the National Stakeholder Consultation 2026 in New Delhi.

The roadmap aims to attract more than ₹10,000 crore in private investment, establish 50+ Global Capability Centres (GCCs), support 1,000 Artificial Intelligence (AI) startups, and create over one lakh Artificial Intelligence (AI)-enabled jobs during 2026–31.

The Government of Jharkhand plans to invest ₹1,150 crore over five years to develop Artificial Intelligence (AI) infrastructure, strengthen digital governance, promote innovation, and build a robust technology ecosystem.

 

8) Answer: C

Short Explanation:

The Government of Uttar Pradesh is set to implement the Uttar Pradesh Nishulk Boring Yojana 2026 to provide free borewell (boring) installation and subsidised pump sets for eligible farmers to improve irrigation facilities and agricultural productivity.

The scheme primarily targets small and marginal farmers, enabling them to access groundwater for irrigation, reduce dependence on monsoon rainfall, and increase crop yields.

Originally launched in 1985, the Uttar Pradesh Nishulk Boring Yojana continues to strengthen irrigation infrastructure and support sustainable agricultural development across the state.

Detailed Explanation:

The Government of Uttar Pradesh is set to implement the Uttar Pradesh Nishulk Boring Yojana 2026 to provide free borewell (boring) installation and subsidised pump sets for eligible farmers to improve irrigation facilities and agricultural productivity.

The scheme primarily targets small and marginal farmers, enabling them to access groundwater for irrigation, reduce dependence on monsoon rainfall, and increase crop yields.

Originally launched in 1985, the Uttar Pradesh Nishulk Boring Yojana continues to strengthen irrigation infrastructure and support sustainable agricultural development across the state.

Under the scheme, eligible farmers will receive free agricultural borewell installation along with pump sets of up to 5 Horsepower (HP) at subsidised rates or free, depending on eligibility.

The scheme aims to provide affordable irrigation, improve farm income, enhance year-round cultivation, and reduce the financial burden of installing irrigation infrastructure.

Small farmers with landholdings of up to 2 hectares and marginal farmers with landholdings of up to 1 hectare are eligible for the scheme. Scheduled Caste (SC) and Scheduled Tribe (ST) farmers are eligible irrespective of landholding limits, subject to applicable provisions.

The policy focuses on integrating Artificial Intelligence (AI) into public administration through predictive analytics, intelligent decision-making systems, and data-driven governance to improve public service delivery, administrative efficiency, and policymaking.

 

9) Answer: B

Short Explanation:

The Government of Delhi has made the Pink Saheli Smart Card mandatory for women to avail free travel on Delhi Transport Corporation (DTC) and Delhi Integrated Multi-Modal Transit System (DIMTS) Cluster buses from 1 August 2026.

The Pink Saheli Smart Card will replace the existing paper-based pink ticket system as part of the government's initiative to digitise public transport services, improve transparency, and prevent misuse of the free travel scheme.

From 1 August 2026, paper pink tickets will no longer be valid. Eligible women passengers must carry the Pink Saheli Smart Card and tap it on the card reader while boarding the bus to avail free travel.

Detailed Explanation:

The Government of Delhi has made the Pink Saheli Smart Card mandatory for women to avail free travel on Delhi Transport Corporation (DTC) and Delhi Integrated Multi-Modal Transit System (DIMTS) Cluster buses from 1 August 2026.

The Pink Saheli Smart Card will replace the existing paper-based pink ticket system as part of the government's initiative to digitise public transport services, improve transparency, and prevent misuse of the free travel scheme.

From 1 August 2026, paper pink tickets will no longer be valid. Eligible women passengers must carry the Pink Saheli Smart Card and tap it on the card reader while boarding the bus to avail free travel.

Women who do not possess the Pink Saheli Smart Card after the implementation date will be required to purchase regular bus tickets for travel.

The initiative aims to promote paperless ticketing, improve ticket verification, enhance operational efficiency, ensure transparent implementation of the scheme, and reduce fraudulent claims.

The new system will be applicable on buses operated by the Delhi Transport Corporation (DTC) and the Delhi Integrated Multi-Modal Transit System (DIMTS).

10) Answer: D

Short Explanation:

The Government of Uttar Pradesh is implementing the Uttar Pradesh Mahila Udyam Nidhi Yojana 2026 to provide affordable credit to women entrepreneurs for establishing or expanding micro and small enterprises, with the objective of promoting self-employment and financial independence.

The scheme, implemented through Uttar Pradesh Mahila Nidhi, was originally launched in 2016 to improve women's access to institutional finance and encourage entrepreneurship across the state.

Under the scheme, eligible women can avail loans ranging from ₹50,000 to ₹10 lakh at a concessional interest rate of around 4%. Collateral is not required for loans up to ₹2 lakh, making credit more accessible to first-time entrepreneurs.

Detailed Explanation:

The Government of Uttar Pradesh is implementing the Uttar Pradesh Mahila Udyam Nidhi Yojana 2026 to provide affordable credit to women entrepreneurs for establishing or expanding micro and small enterprises, with the objective of promoting self-employment and financial independence.

The scheme, implemented through Uttar Pradesh Mahila Nidhi, was originally launched in 2016 to improve women's access to institutional finance and encourage entrepreneurship across the state.

Under the scheme, eligible women can avail loans ranging from ₹50,000 to ₹10 lakh at a concessional interest rate of around 4%. Collateral is not required for loans up to ₹2 lakh, making credit more accessible to first-time entrepreneurs.

The scheme aims to promote women entrepreneurship, strengthen financial inclusion, support micro-enterprises, generate self-employment opportunities, and improve the socio-economic status of women in Uttar Pradesh.

Priority is given to Self-Help Group (SHG) members, widows, women with disabilities, and women belonging to socially disadvantaged and minority communities during loan disbursement.

Eligible applicants must be women aged between 18 and 60 years, permanent residents of Uttar Pradesh, have an annual family income below ₹3 lakh, possess an Aadhaar-linked bank account, and have a viable business proposal or an existing micro or small enterprise. A Credit Information Bureau (India) Limited (CIBIL) score may be considered for higher-value loans.

To facilitate implementation, the Government of Delhi has established 50 authorised registration centres across the city, where eligible women can apply for the Pink Saheli Smart Card.

 

11) Answer: A

Short Explanation:

The Government of Gujarat launched the ‘Viksit Gujarat – Data Centre Policy 2026–29’ to position the state as a leading hub for hyperscale data centres, Artificial Intelligence (AI) infrastructure, cloud computing, and digital services.

Chief Minister Bhupendra Patel unveiled the policy in Gandhinagar, Gujarat, with the objective of attracting domestic and global investments in digital infrastructure and strengthening the state's technology ecosystem.

Detailed Explanation:

The Government of Gujarat launched the ‘Viksit Gujarat – Data Centre Policy 2026–29’ to position the state as a leading hub for hyperscale data centres, Artificial Intelligence (AI) infrastructure, cloud computing, and digital services.

Chief Minister Bhupendra Patel unveiled the policy in Gandhinagar, Gujarat, with the objective of attracting domestic and global investments in digital infrastructure and strengthening the state's technology ecosystem.

The policy recognises data centres as strategic infrastructure and aims to support the growing demand for digital payments, cloud services, Artificial Intelligence (AI), e-governance, and modern digital businesses.

The policy provides several fiscal incentives, including capital subsidies, interest subsidies, power tariff support, State Goods and Services Tax (SGST) reimbursement, electricity duty reimbursement, stamp duty exemptions, and assistance for desalination plants.

 

12) Answer: C

Short Explanation:

State Bank of India (SBI) sold a 1.42% stake in its asset management subsidiary SBI Funds Management Limited (SBIFM) through a pre-Initial Public Offering (IPO) placement, raising ₹1,655 crore.

SBI sold 2.88 crore equity shares to 30 institutional investors at ₹574 per share, which was the upper end of the IPO price band.

The pre-IPO placement was completed ahead of the ₹11,700 crore IPO, which is scheduled to open on 14 July 2026.

Detailed Explanation:

State Bank of India (SBI) sold a 1.42% stake in its asset management subsidiary SBI Funds Management Limited (SBIFM) through a pre-Initial Public Offering (IPO) placement, raising ₹1,655 crore.

SBI sold 2.88 crore equity shares to 30 institutional investors at ₹574 per share, which was the upper end of the IPO price band.

The pre-IPO placement was completed ahead of the ₹11,700 crore IPO, which is scheduled to open on 14 July 2026.

The 30 institutional investors included Tata AIG General Insurance, Go Digit General Insurance, 360 ONE Funds, and Bennett Coleman, among others.

Following the transaction, SBI and Amundi India Holding will together divest around 10% of SBIFM’s paid-up equity through the IPO.

The proposed IPO is an Offer for Sale (OFS), meaning the existing shareholders are selling their shares and SBI Funds Management Limited (SBIFM) will not receive any proceeds from the issue.

13) Answer: B

Short Explanation:

The Government of India (GoI) approved the formation of a Joint Venture (JV) between Dixon Technologies (India) Limited and Vivo Mobile India Limited (VMI) for the manufacturing of electronic devices and smartphones in India.

As per the JV agreement and shareholders’ agreement, the proposed entity will function as an Original Equipment Manufacturer (OEM) for electronic devices, particularly smartphones.

Under the shareholding structure, Dixon Technologies will hold a 51% stake, while Vivo Mobile India Limited (VMI) will own the remaining 49% stake in the Joint Venture.

Detailed Explanation:

The Government of India (GoI) approved the formation of a Joint Venture (JV) between Dixon Technologies (India) Limited and Vivo Mobile India Limited (VMI) for the manufacturing of electronic devices and smartphones in India.

As per the JV agreement and shareholders’ agreement, the proposed entity will function as an Original Equipment Manufacturer (OEM) for electronic devices, particularly smartphones.

Under the shareholding structure, Dixon Technologies will hold a 51% stake, while Vivo Mobile India Limited (VMI) will own the remaining 49% stake in the Joint Venture.

The Joint Venture (JV) will be incorporated with an initial paid-up capital of ₹5 crore, contributed by both companies in proportion to their respective shareholding.

The approval allows Vivo Mobile India Limited (VMI) to participate in the JV under Note 3 of 2020 issued by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I).

14) Answer: C

Short Explanation:

China successfully achieved the first controlled recovery of an orbital-class reusable rocket booster following the maiden launch of the Long March-10B carrier rocket from Hainan Province, China.

The Long March-10B was developed by the China Academy of Launch Vehicle Technology (CALT) and successfully placed its payload into orbit, while its first-stage booster was recovered on a sea-based net platform.

Detailed Explanation:

China successfully achieved the first controlled recovery of an orbital-class reusable rocket booster following the maiden launch of the Long March-10B carrier rocket from Hainan Province, China.

The Long March-10B was developed by the China Academy of Launch Vehicle Technology (CALT) and successfully placed its payload into orbit, while its first-stage booster was recovered on a sea-based net platform.

This mission marks China’s first-ever controlled recovery of an orbital-class reusable rocket booster, representing a major breakthrough in the country’s reusable space technology.

The achievement comes more than a decade after SpaceX, which became the first company in the world to recover an orbital-class rocket booster with the Falcon 9 in 2015.

The Long March-10B is a liquid-fuelled reusable launch vehicle designed to support China’s reusable rocket programme and reduce launch costs through booster reuse.

The rocket is 63 metres tall, has a 5-metre diameter, a lift-off mass of 760 tonnes, generates 890 tonnes of thrust, and can carry a 16-tonne payload to Low Earth Orbit (LEO).

Note 3 of 2020 mandates that entities from countries sharing a land border with India, including China, must obtain prior approval from the Government of India before making investments in India.

15) Answer: B

Short Explanation:

Indian Naval Sail Training Ship (STS) INS Sudarshini arrived at Boston, United States of America (USA) on 12 July 2026 after successfully participating in the Sail4th 250 celebrations at New York.

INS Sudarshini participated in the Grand Parade of Sails, marking the commencement of Sail Boston 2026.

Shri Raghuram Sastry, Consul General of India in Boston, embarked on INS Sudarshini during the Grand Parade of Sails and the ship's ceremonial entry into Boston.

Detailed Explanation:

Indian Naval Sail Training Ship (STS) INS Sudarshini arrived at Boston, United States of America (USA) on 12 July 2026 after successfully participating in the Sail4th 250 celebrations at New York.

INS Sudarshini participated in the Grand Parade of Sails, marking the commencement of Sail Boston 2026.

Shri Raghuram Sastry, Consul General of India in Boston, embarked on INS Sudarshini during the Grand Parade of Sails and the ship's ceremonial entry into Boston.

Sailing proudly with the Indian Tricolour, INS Sudarshini passed major Boston landmarks including Castle Island and the Seaport District before berthing at Boston Fish Pier.

INS Sudarshini joined an international fleet of over 60 tall ships representing more than 20 countries, showcasing India's maritime presence at Sail Boston 2026.

The ship is representing India as a maritime ambassador of goodwill during its ongoing Lokayan 2026 Transoceanic Expedition.

The visit highlights the Indian Navy’s commitment to maritime diplomacy, international goodwill, cultural exchange, and global naval cooperation.

16) Answer: D

Short Explanation:

India and Japan held the 8th Defence Policy Dialogue in Tokyo, Japan, on 13 July 2026 to strengthen bilateral defence and strategic cooperation.

The Indian delegation was led by Defence Secretary Shri Rajesh Kumar Singh, while the Japanese delegation was headed by Vice Minister of Defence for International Affairs Mr. Kano Koji.

Both countries reviewed the progress made since the previous dialogue and reaffirmed their commitment to further strengthening the India–Japan Special Strategic and Global Partnership.

Detailed Explanation:

India and Japan held the 8th Defence Policy Dialogue in Tokyo, Japan, on 13 July 2026 to strengthen bilateral defence and strategic cooperation.

The Indian delegation was led by Defence Secretary Shri Rajesh Kumar Singh, while the Japanese delegation was headed by Vice Minister of Defence for International Affairs Mr. Kano Koji.

Both countries reviewed the progress made since the previous dialogue and reaffirmed their commitment to further strengthening the India–Japan Special Strategic and Global Partnership.

The dialogue included discussions on the regional and global security environment and exchanged views on issues of mutual strategic interest.

Both sides reviewed the entire spectrum of bilateral defence cooperation, including military-to-military exchanges, joint headquarters cooperation, maritime cooperation, defence exercises, capacity building, defence equipment, maritime technology, and institutional interactions.

17) Answer: B

Short Explanation:

Prime Minister Narendra Modi announced the India–Australia Roadmap for Sports Collaboration during his visit to Australia to strengthen long-term cooperation in coaching, sports science, athlete development, sports technology, major sporting events, and women in sports.

The initiative aims to enhance cooperation ahead of major international sporting events, including the Commonwealth Games 2030 in Ahmedabad and the Olympic and Paralympic Games 2032 in Brisbane, Australia, while supporting India's long-term aspiration to host the Olympic Games.

Detailed Explanation:

Prime Minister Narendra Modi announced the India–Australia Roadmap for Sports Collaboration during his visit to Australia to strengthen long-term cooperation in coaching, sports science, athlete development, sports technology, major sporting events, and women in sports.

The roadmap builds upon the 2023 Memorandum of Understanding (MoU) on Cooperation in Sports and provides a comprehensive framework for collaboration in skill development, capacity building, sports research, sports governance, and sports industry partnerships.

The initiative aims to enhance cooperation ahead of major international sporting events, including the Commonwealth Games 2030 in Ahmedabad and the Olympic and Paralympic Games 2032 in Brisbane, Australia, while supporting India's long-term aspiration to host the Olympic Games.

India and Australia will collaborate on sports event management, athlete training, sports infrastructure, support systems, and competition preparation to improve performance in international sporting events.

 

18) Answer: B

Short Explanation:

The Department of Posts (DoP) and the Telecom Regulatory Authority of India (TRAI) signed a Memorandum of Understanding (MoU) to conduct India's largest-ever rural telecom network performance survey across 5.68 lakh villages.

The survey aims to assess the availability, coverage, and quality of mobile telecom services in rural India and provide scientific data to support evidence-based policy decisions and strengthen the country's digital infrastructure.

Detailed Explanation:

The Department of Posts (DoP) and the Telecom Regulatory Authority of India (TRAI) signed a Memorandum of Understanding (MoU) to conduct India's largest-ever rural telecom network performance survey across 5.68 lakh villages.

The survey aims to assess the availability, coverage, and quality of mobile telecom services in rural India and provide scientific data to support evidence-based policy decisions and strengthen the country's digital infrastructure.

The initiative will evaluate the performance of major telecom service providers, including Bharti Airtel, Reliance Jio, Vodafone Idea (Vi), and Bharat Sanchar Nigam Limited (BSNL).

The survey will cover all States and Union Territories and identify issues such as poor network coverage, call drops, weak signal strength, and slow internet connectivity, particularly in remote and underserved villages.

 

19) Answer: A

Short Explanation:

India and New Zealand upgraded their bilateral relationship to a Strategic Partnership by launching the India–New Zealand Strategic Partnership Roadmap 2030 and signing 10 agreements and Memoranda of Understanding (MoUs) during Prime Minister Narendra Modi's official visit to New Zealand.

The Strategic Partnership Roadmap 2030 aims to strengthen cooperation in defence, security, trade and investment, maritime cooperation, agriculture, tourism, sports, culture, education, scientific research, and global affairs.

Detailed Explanation:

India and New Zealand upgraded their bilateral relationship to a Strategic Partnership by launching the India–New Zealand Strategic Partnership Roadmap 2030 and signing 10 agreements and Memoranda of Understanding (MoUs) during Prime Minister Narendra Modi's official visit to New Zealand.

The Strategic Partnership Roadmap 2030 aims to strengthen cooperation in defence, security, trade and investment, maritime cooperation, agriculture, tourism, sports, culture, education, scientific research, and global affairs.

The two countries signed key agreements on maritime cooperation, hydrography and nautical cartography, mutual logistics support between the Indian Navy and the New Zealand Defence Force, counter-terrorism, disaster management, animal husbandry and dairying, tourism, sports, maritime heritage, and cultural cooperation.

India and New Zealand also agreed to double bilateral trade to New Zealand Dollar (NZD) 7 billion (approximately ₹35,000 crore) by 2030 and establish a Maritime Security Dialogue to strengthen cooperation in the Indo-Pacific region.

New Zealand announced its decision to join the Global Biofuels Alliance and nominated Maritime Security as its priority pillar under the Indo-Pacific Oceans Initiative (IPOI).

 

20) Answer: C

Short Explanation:

Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese announced 18 agreements and initiatives during the Third India–Australia Annual Summit, marking a major expansion of the India–Australia Comprehensive Strategic Partnership.

The agreements strengthen cooperation in defence, maritime security, clean energy, civil nuclear energy, cybersecurity, critical technologies, education, skill development, research, mining, and cultural cooperation, while reaffirming the shared vision of a free, open, inclusive, and rules-based Indo-Pacific.

Detailed Explanation:

Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese announced 18 agreements and initiatives during the Third India–Australia Annual Summit, marking a major expansion of the India–Australia Comprehensive Strategic Partnership.

The agreements strengthen cooperation in defence, maritime security, clean energy, civil nuclear energy, cybersecurity, critical technologies, education, skill development, research, mining, and cultural cooperation, while reaffirming the shared vision of a free, open, inclusive, and rules-based Indo-Pacific.

The major outcomes include the Joint Declaration on Defence and Security Cooperation (JDDSC), Maritime Security Cooperation Roadmap (MSCR), India–Australia Joint Declaration on Energy Security, and the finalisation of the Administrative Arrangement under the India–Australia Civil Nuclear Cooperation Agreement.

Both countries launched the Australia–India Partnership for Cyber, Critical Technologies and Supply Chains (PACTS) and signed a Memorandum of Understanding (MoU) under the Australia–Canada–India Technology and Innovation Partnership (ACITI) to strengthen cooperation in cybersecurity, Artificial Intelligence (AI), critical technologies, innovation, and resilient supply chains.