Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 22ndOctober 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 news, SEBI revised the Closing Auction Session (CAS) framework. The revised framework will come into effect on which date?

(a) 7 November 2026

(b) 7 December 2026

(c) 7 January 2027

(d) 8 February 2027

(e) 8 December 2026

2) As per the news, which company launched the Global Wealth Plan, a USD-denominated, unit-linked, non-participating life insurance-cum-savings plan, through GIFT City in Gujarat?

(a) Canara HSBC Life Insurance Company Limited

(b) HDFC Life Insurance

(c) ICICI Prudential Life Insurance

(d) SBI Life Insurance

(e) Max Life Insurance

3) As per the news, which country emerged as the largest source of Foreign Direct Investment (FDI) into India during Q1 FY 2026–27 (April–June 2026), with inflows of US$5.71 billion?

a) Singapore

b) Japan

(c) Mauritius

(d) Netherlands

(e) United States

 

4) As per the news, 1 Finance Private Limited received in-principle approval from SEBI to establish an Asset Management Company (AMC) under which framework?

(a) Mutual Funds Lite (MF Lite) framework

(b) Mutual Funds Standard (MF Standard) framework

(c) Mutual Funds Basic (MF Basic) framework

(d) Mutual Funds Passive (MF Passive) framework

(e) Mutual Funds Simplified (MF Simplified) framework

 

5) As per the news, the All India Consumer Products Federation and the All India Mobile Retailers Association withdrew their proposed 'No UPI Day' protest following a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi. For which date was the 'No UPI Day' protest planned?

(a) 1 October

(b) 15 October

(c) 2 November

(d) 15 September

(e) 2 October

6) As per the news, the National Steering Committee (NSC) of PM-SETU approved five Strategic Investment Plans (SIPs) worth ₹1,194.92 crore to upgrade ITI clusters across which states/UT?

(a) Maharashtra, Odisha and Jammu and Kashmir

(b) Maharashtra, Gujarat and Odisha

(c) Odisha, Jharkhand and Jammu and Kashmir

(d) Maharashtra, Odisha and Haryana

(e) Gujarat, Odisha and Jammu and Kashmir

 

7) As per the news, which ministry is implementing the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), which has covered over 47,200 villages under its Adarsh Gram component?

(a) Ministry of Social Justice and Empowerment

(b) Ministry of Rural Development

(c) Ministry of Tribal Affairs

(d) Ministry of Home Affairs

(e) Ministry of Panchayati Raj

8) As per the news, the Government of India released a ₹100 commemorative coin and a ₹5 commemorative postage stamp honouring which renowned musician, composer, philanthropist and cultural personality at the National Annual Cultural Conclave in New Delhi?

(a) Ghanshyam Dass Gupta

(b) Ghanshyam Das Birla

(c) Ghanshyam Singh

 (d) Ghanshyam Dass Jain

 (e) Ghanshyam Das Jain

9) As per the news, what is the initial budgetary allocation approved for the Go-Delhi Foundation?

(a) ₹25 crore

(b) ₹50 crore

(c) ₹75 crore

(d) ₹100 crore

(e) ₹125 crore

10) As per the news, under Part A of PM-VBRY, eligible first-time employees can receive financial assistance of up to ₹15,000, paid in how many instalments?

(a) Two instalments of up to ₹7,500 each

(b) Three instalments of up to ₹5,000 each

(c) Two instalments of up to ₹10,000 each

(d) Four instalments of up to ₹3,750 each

(e) Three instalments of up to ₹7,500 each

 

11) As per the news, the United States suspended several major IT companies from the Permanent Labour Certification Programme on 8 October 2026. Who announced this decision?

(a) US Labour Secretary Keith Sonderling

(b) Vice-President J.D. Vance

(c) President Donald Trump

(d) US Secretary of State

(e) US Homeland Security Secretary


12) As per the news, the India–Australia Joint Military Exercise AUSTRAHIND 2026, which commenced on 19 October 2026 at the Foreign Training Node in Thiruvananthapuram, Kerala, is which edition of the exercise?

(a) Third edition

(b) Fourth edition

(c) Fifth edition

(d) Sixth edition

(e) Seventh edition

13) As per the news, India and Russia conducted which edition of the bilateral naval exercise INDRA-2026 at Vladivostok and the Sea of Japan (East Sea), Russia?

(a) 13th edition

(b) 14th edition

(c) 15th edition

(d) 16th edition

(e) 17th edition

14) As per the news, the Indian Navy will organise the 5th edition of Swavlamban 2026 on 26–27 October 2026 at which venue in New Delhi?

(a) Manekshaw Centre

(b) Dr. Ambedkar International Centre

(c) Bharat Mandapam

(d) Vigyan Bhawan

(e) India Habitat Centre

15) As per the news, which mobility-focused engineering and Research & Development (R&D) technology company has appointed Faiz Ahmad as its Chief Executive Officer (CEO), effective 1 November 2026?

(a) Hinduja Tech Limited

(b) Tata Technologies

(c) KPIT Technologies

(d) L&T Technology Services

(e) Cyient

16) As per the news, who has been appointed as the Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services (IL&FS) for a period of two years?

(a) Lavanya R Mundayur

(b) Faiz Ahmad

(c) Sharad Mathur

(d) Nagaraju Maddirala

(e) Debadatta Chand

17) As per the news, who has been appointed as the Chairman-cum-Managing Director (CMD) of New India Assurance Company Limited (NIACL)?

(a) Lavanya R. Mundayur

(b) Nagaraju Maddirala

(c) Sharad Mathur

(d) Faiz Ahmad

(e) Debadatta Chand

18) As per the news, CARE Edge Ratings Limited signed a share purchase agreement and a shareholders' agreement with the State Bank of India and NSE IFSC to sell a stake in its wholly owned subsidiary, CareEdge Global IFSC Limited (CGIL). What is the total stake being sold?

(a) 9.9%

(b) 14.85%

(c) 19.8%

(d) 24.75%

(e) 29.7%

19) As per the news, the World Health Summit (WHS) 2026 was held from 11 to 13 October 2026 in which city, under the theme "From Crisis to Resilience: Innovating for Health"?

(a) Berlin, Germany

(b) Geneva, Switzerland

(c) Paris, France

(d) Rome, Italy

`(e) Vienna, Austria


20)  As per the news, Japan Aerospace Exploration Agency (JAXA) launched the uncrewed Martian Moons eXploration (MMX) mission aboard an H3 rocket from the Yoshinobu Launch Complex at Tanegashima Space Center, Japan, The MMX spacecraft is projected to reach Mars in August 2027 and return samples to Earth in which year?

(a) 2029

(b) 2030

(c) 2031

(d) 2032

(e) 2033

21) As per the news, Pakistan's Inter-Services Public Relations announced the successful test-firing of the extended-range (ER) variant of which missile by the Army Rocket Force Command?

(a) Fatah-II surface-to-surface missile

(b) Fatah-I surface-to-surface missile

(c) Ghaznavi ballistic missile

(d) Shaheen-III ballistic missile

(e) Ghauri ballistic missile

22) According to the news, B. Madhusoodana Kurup, a renowned fisheries scientist and academician who passed away at the age of 71 in Kochi, Kerala, was the founding Vice-Chancellor of which university?

(a) University of Kerala  

(b) Kerala Agricultural University

(c) Cochin University of Science and Technology

(d) Kerala University of Fisheries and Ocean Studies (KUFOS)

(e) Kerala University of Health Sciences

23) As per the news, World Osteoporosis Day is observed annually on which date to raise global awareness about the prevention, diagnosis and treatment of osteoporosis and metabolic bone diseases?

(a) 18 October

(b) 19 October

(c) 20 October

(d) 21 October

(e) 22 October

24) As per the news, National Solidarity Day is observed annually on which date in India to commemorate the 1962 India–China War and honour the courage and sacrifices of Indian Armed Forces personnel?

(a) 18 October

(b) 19 October

(c) 21 October

(d) 20 October

(e) 22 October

25) As per the news, Police Commemoration Day is observed annually on which date in India to honour police personnel who sacrificed their lives in the line of duty?

(a) 20 October

(b) 21 October

(c) 22 October

(d) 23 October

(e) 24 October

Answers:

1) Answer: B

Short Explanation:

The Securities and Exchange Board of India (SEBI) revised the Closing Auction Session (CAS) framework to improve transparency, price discovery and orderly market closing.

The revised framework will come into effect on 7 December 2026, except for provisions concerning the transition of unexecuted limit and iceberg orders, which will take effect on 8 February 2027.

The Closing Auction Session (CAS) will operate for 10 minutes, from 3:30 PM to 3:40 PM on all trading days, replacing the existing session from 3:15 PM to 3:35 PM.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) revised the Closing Auction Session (CAS) framework to improve transparency, price discovery and orderly market closing.

The revised framework will come into effect on 7 December 2026, except for provisions concerning the transition of unexecuted limit and iceberg orders, which will take effect on 8 February 2027.

The Closing Auction Session (CAS) will operate for 10 minutes, from 3:30 PM to 3:40 PM on all trading days, replacing the existing session from 3:15 PM to 3:35 PM.

The new CAS will have three phases: Phase 1 (3:30–3:31 PM) for reference-price calculation and order transition; Phase 2 (3:31–3:36 PM) for placing market and limit orders; and Phase 3 (3:36–3:40 PM) for placing only limit orders.

During Phase 3, market orders cannot be modified or cancelled, and the order-entry session will close randomly between 3:38 PM and 3:40 PM.

The post-close session in the equity cash market will run from 3:50 PM to 4:00 PM, with trades executed at the closing prices of securities.

The CAS reference price will be based on the Volume Weighted Average Price (VWAP) of trades executed during the last 15 minutes of the Continuous Trading Session (CTS).

2) Answer: A

Short Explanation:

Canara HSBC Life Insurance Company Limited launched the Global Wealth Plan, a USD-denominated, unit-linked, non-participating life insurance-cum-savings plan through Gujarat International Finance Tec-City (GIFT City), Gujarat.

The plan targets Non-Resident Indians (NRIs) by offering global investment opportunities and life insurance protection with investments and benefits denominated in US dollars (USD), subject to policy terms and conditions.

Detailed Explanation:

Canara HSBC Life Insurance Company Limited launched the Global Wealth Plan, a USD-denominated, unit-linked, non-participating life insurance-cum-savings plan through Gujarat International Finance Tec-City (GIFT City), Gujarat.

The plan targets Non-Resident Indians (NRIs) by offering global investment opportunities and life insurance protection with investments and benefits denominated in US dollars (USD), subject to policy terms and conditions.

The Global Wealth Plan provides market-linked investment options in global equities, precious metals such as gold and silver, and debt funds.

The plan offers three variants: Wealth, designed for long-term wealth creation; Wealth Plus, featuring a Premium Funding Benefit; and Wealth Forever, a whole-life option for legacy planning and wealth transfer.

All three variants provide life insurance cover.

The Wealth Plus variant offers a death benefit and a Premium Funding Benefit, under which future premiums are funded following the insured person's death, subject to policy terms and conditions.

3) Answer: B

Short Explanation:

Japan emerged as the largest source of Foreign Direct Investment (FDI) into India during Q1 FY 2026–27 (April–June 2026), with inflows of US$5.71 billion.

Japanese investments accounted for nearly 29% of India’s total equity FDI inflows of US$19.81 billion during the first quarter of FY 2026–27.

According to Commerce and Industry Minister Piyush Goyal, Japan announced an investment commitment of ¥10 trillion in India over a decade in 2025, and Japanese companies have invested around ₹1 lakh crore towards this commitment.

Japan’s FDI inflows into India during April–June 2026 reached US$5.71 billion, exceeding the US$3.74 billion received from Japan during the entire FY 2025–26, as reported in the supplied information.

Detailed Explanation:

Japan emerged as the largest source of Foreign Direct Investment (FDI) into India during Q1 FY 2026–27 (April–June 2026), with inflows of US$5.71 billion.

Japanese investments accounted for nearly 29% of India’s total equity FDI inflows of US$19.81 billion during the first quarter of FY 2026–27.

According to Commerce and Industry Minister Piyush Goyal, Japan announced an investment commitment of ¥10 trillion in India over a decade in 2025, and Japanese companies have invested around ₹1 lakh crore towards this commitment.

Japan’s FDI inflows into India during April–June 2026 reached US$5.71 billion, exceeding the US$3.74 billion received from Japan during the entire FY 2025–26, as reported in the supplied information.

The major sectors attracting Japanese investments include banking and financial services, technology, digital infrastructure, Global Capability Centres (GCCs), automotive, construction, and logistics.

Financial transactions and acquisitions contributed significantly to the increase in Japanese investments in India.

Singapore ranked second among the sources of FDI into India during Q1 FY 2026–27, with inflows of US$5.22 billion.

Mauritius ranked third with US$2.40 billion, followed by the Netherlands with US$1.38 billion and the United States with US$1.35 billion.

4) Answer: A

Short Explanation:

1 Finance Private Limited, an advisory and wealth-tech firm, received in-principle approval from the Securities and Exchange Board of India (SEBI) to establish an Asset Management Company (AMC) under the Mutual Funds Lite (MF Lite) framework.

With this approval, 1 Finance could become the first AMC to operate under the MF Lite framework, subject to obtaining SEBI’s final registration and fulfilling regulatory and operational requirements.

The company is targeting the launch of its mutual fund business in Q4 FY27 (January–March 2027), subject to regulatory approval.

Detailed Explanation:

1 Finance Private Limited, an advisory and wealth-tech firm, received in-principle approval from the Securities and Exchange Board of India (SEBI) to establish an Asset Management Company (AMC) under the Mutual Funds Lite (MF Lite) framework.

With this approval, 1 Finance could become the first AMC to operate under the MF Lite framework, subject to obtaining SEBI’s final registration and fulfilling regulatory and operational requirements.

The company is targeting the launch of its mutual fund business in Q4 FY27 (January–March 2027), subject to regulatory approval.

The proposed AMC will exclusively offer passive investment products, primarily index funds and Exchange-Traded Funds (ETFs).

The company’s existing personal finance advisory platform manages over ₹17,000 crore in Assets Under Advice (AUA).

SEBI introduced the MF Lite framework on 31 December 2024 to reduce regulatory and compliance requirements for mutual fund houses offering eligible passive investment schemes.

 

5) Answer: E

Short Explanation:

The All India Consumer Products Federation and the All India Mobile Retailers Association withdrew their proposed ‘No UPI Day’ protest following a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi.

The meeting was attended by around 20 senior trade leaders, led by Praveen Khandelwal, BJP MP and Secretary General of the Confederation of All India Traders (CAIT).

Finance Minister Nirmala Sitharaman assured the delegation that the government remains committed to promoting digital transactions while safeguarding the interests of all stakeholders.

The proposed ‘No UPI Day’ was planned for 2 October (Gandhi Jayanti) to protest the proposed Merchant Discount Rate (MDR) of 0.4% on UPI merchant transactions above ₹2,000, scheduled to take effect from 15 October.

Detailed Explanation:

The All India Consumer Products Federation and the All India Mobile Retailers Association withdrew their proposed ‘No UPI Day’ protest following a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi.

The meeting was attended by around 20 senior trade leaders, led by Praveen Khandelwal, BJP MP and Secretary General of the Confederation of All India Traders (CAIT).

Finance Minister Nirmala Sitharaman assured the delegation that the government remains committed to promoting digital transactions while safeguarding the interests of all stakeholders.

The proposed ‘No UPI Day’ was planned for 2 October (Gandhi Jayanti) to protest the proposed Merchant Discount Rate (MDR) of 0.4% on UPI merchant transactions above ₹2,000, scheduled to take effect from 15 October.

Merchant Discount Rate (MDR) is the fee paid by a merchant for accepting digital payments.

Person-to-Person (P2P) UPI transactions remain free of transaction fees.

Under the proposed fee structure, Person-to-Merchant (P2M) UPI transactions above ₹2,000 attract an MDR of 0.40%, capped at ₹300.

Person-to-Person-Merchant (P2PM) transactions remain exempt from MDR; this category covers small vendors receiving up to ₹1 lakh per month through UPI, particularly benefiting businesses in rural and semi-urban areas.

In August 2026, UPI processed 15.51 billion P2M transactions, worth approximately ₹8.95 trillion.

6) Answer: A

Short Explanation:

The National Steering Committee (NSC) of the Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes (PM-SETU) Scheme approved five Strategic Investment Plans (SIPs) worth ₹1,194.92 crore to upgrade Industrial Training Institute (ITI) clusters across Maharashtra, Odisha and Jammu and Kashmir.

With these approvals, the cumulative investment sanctioned under PM-SETU has reached ₹3,687 crore, aimed at transforming ITIs into modern, industry-aligned and future-ready skill development institutions.

Detailed Explanation:

The National Steering Committee (NSC) of the Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes (PM-SETU) Scheme approved five Strategic Investment Plans (SIPs) worth ₹1,194.92 crore to upgrade Industrial Training Institute (ITI) clusters across Maharashtra, Odisha and Jammu and Kashmir.

With these approvals, the cumulative investment sanctioned under PM-SETU has reached ₹3,687 crore, aimed at transforming ITIs into modern, industry-aligned and future-ready skill development institutions.

The 6th NSC meeting was chaired by Debashree Mukherjee, Secretary of the Ministry of Skill Development and Entrepreneurship (MSDE), and reviewed the progress of the scheme.

The five approved ITI clusters and their industry partners are as follows:

Cuttack, Odisha – ₹240.50 crore, in partnership with Tata Steel Foundation.

Pune, Maharashtra – ₹241 crore, in partnership with BVG India Limited, in consortium with BVG Foundation.

Chhatrapati Sambhajinagar, Maharashtra – ₹238.01 crore, in partnership with Belrise Industries Limited.

Jammu – ₹240 crore, in partnership with Eagle Infra India Limited.

Srinagar – ₹235.41 crore, in partnership with Inderdeep Infra India Limited.

The projects will focus on modernising ITI infrastructure, introducing industry-aligned courses, strengthening trainer capacity, enhancing industry engagement and improving employment opportunities for young people.

Each cluster will operate through a hub-and-spoke model, comprising one lead government ITI and four associated ITIs, to strengthen training delivery and resource sharing.

7) Answer: A

Short Explanation:

The Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), implemented by the Ministry of Social Justice and Empowerment, has covered over 47,200 villages, benefiting more than 47.79 lakh citizens across India under its Adarsh Gram component.

As of 8 September 2026, 18,093 villages had been declared Adarsh Grams under the scheme.

A total of 46,944 development works have been completed, and 27,032 Village Development Plans (VDPs) have been prepared under PM-AJAY.

The Adarsh Gram component aims to develop Scheduled Caste (SC)-majority villages into model villages by addressing infrastructure gaps, improving basic services, meeting the minimum needs of all sections of society and reducing socio-economic disparities.

Detailed Explanation:

The Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), implemented by the Ministry of Social Justice and Empowerment, has covered over 47,200 villages, benefiting more than 47.79 lakh citizens across India under its Adarsh Gram component.

As of 8 September 2026, 18,093 villages had been declared Adarsh Grams under the scheme.

A total of 46,944 development works have been completed, and 27,032 Village Development Plans (VDPs) have been prepared under PM-AJAY.

The Adarsh Gram component aims to develop Scheduled Caste (SC)-majority villages into model villages by addressing infrastructure gaps, improving basic services, meeting the minimum needs of all sections of society and reducing socio-economic disparities.

PM-AJAY promotes the socio-economic and educational empowerment of Scheduled Caste communities through infrastructure development, livelihood promotion, education and improved access to essential services.

The scheme has three components, namely the development of Scheduled Caste-dominated villages into Adarsh Grams, Grants-in-Aid for socio-economic projects at the State and District levels, and the construction and repair of hostels.

The Grants-in-Aid component provides financial assistance for State- and District-level projects aimed at improving the socio-economic conditions of Scheduled Caste communities through livelihood projects, income generation, skill development and related infrastructure.

8) Answer: D

Short Explanation:

The Government of India (GoI) released a ₹100 commemorative coin and a ₹5 commemorative postage stamp honouring Ghanshyam Dass Jain, a renowned musician, composer, philanthropist and cultural personality, during the National Annual Cultural Conclave held at the Dr. Ambedkar International Centre in New Delhi, Delhi.

The commemorative coin and postage stamp were unveiled by Pallavi Jain Govil, Secretary of the Ministry of Corporate Affairs (MoCA), Vijay Shekhar Sharma, Founder and Chief Executive Officer (CEO) of Paytm, and other dignitaries.

The ₹100 commemorative coin is a non-circulating coin made of 99.9% pure silver, weighing 40 grams and measuring 44 millimetres in diameter.

The obverse of the coin features the Lion Capital of Ashoka and the ₹100 denomination, while the reverse displays an embossed portrait of Ghanshyam Dass Jain, birth-centenary inscriptions in Devanagari and English, and the year 2026.

Detailed Explanation:

The Government of India (GoI) released a ₹100 commemorative coin and a ₹5 commemorative postage stamp honouring Ghanshyam Dass Jain, a renowned musician, composer, philanthropist and cultural personality, during the National Annual Cultural Conclave held at the Dr. Ambedkar International Centre in New Delhi, Delhi.

The commemorative coin and postage stamp were unveiled by Pallavi Jain Govil, Secretary of the Ministry of Corporate Affairs (MoCA), Vijay Shekhar Sharma, Founder and Chief Executive Officer (CEO) of Paytm, and other dignitaries.

The ₹100 commemorative coin is a non-circulating coin made of 99.9% pure silver, weighing 40 grams and measuring 44 millimetres in diameter.

The obverse of the coin features the Lion Capital of Ashoka and the ₹100 denomination, while the reverse displays an embossed portrait of Ghanshyam Dass Jain, birth-centenary inscriptions in Devanagari and English, and the year 2026.

The ₹5 commemorative postage stamp features an illustrated portrait of Ghanshyam Dass Jain, highlighting his association with the violin.

An archival book titled “Sangeetmay Virasat – Ek Shatabdi” was released alongside the commemorative items. It documents Ghanshyam Dass Jain’s life and works and contains 101 handwritten compositions, including ghazals, melodies, songs and plays.

The event also marked the launch of an annual cultural initiative themed “Shakti, Sadhana aur Samarpan.”

9) Answer: B

Short Explanation:

The Delhi Government, under Chief Minister Rekha Gupta, has approved the establishment of the Go-Delhi Foundation to promote startups, innovation and entrepreneurship in the national capital.

The foundation will have an initial budgetary allocation of ₹50 crore to help young people, researchers and entrepreneurs transform their ideas into practical products and successful businesses.

The decision was approved by the Delhi Cabinet, chaired by Chief Minister Rekha Gupta, with funds sanctioned to support product development and commercialisation.

Detailed Explanation:

The Delhi Government, under Chief Minister Rekha Gupta, has approved the establishment of the Go-Delhi Foundation to promote startups, innovation and entrepreneurship in the national capital.

The foundation will have an initial budgetary allocation of ₹50 crore to help young people, researchers and entrepreneurs transform their ideas into practical products and successful businesses.

The decision was approved by the Delhi Cabinet, chaired by Chief Minister Rekha Gupta, with funds sanctioned to support product development and commercialisation.

Delhi has nearly 21,000 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).

The foundation aims to bring together the capital’s entrepreneurial resources, educational institutions and research facilities on a common platform to encourage new enterprises, attract investment and generate employment.

The foundation will support startups and Micro, Small and Medium Enterprises (MSMEs) by providing access to product engineering, prototyping, laboratory and testing facilities.

It will offer mentorship and assistance at different stages of business development, including product development, testing, certification preparation and market access.

The Go-Delhi Foundation will be established as a not-for-profit company under Section 8 of the Companies Act, 2013, and will operate under the Delhi Government’s Department of Industries.

10) Answer: A

Short Explanation:

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) was launched in August 2025 to encourage formal employment and generate job opportunities.

The scheme covers eligible employment between 1 August 2025 and 31 July 2027, with a total budget allocation of ₹99,446 crore.

Under Part A, eligible first-time employees can receive financial assistance of up to ₹15,000, paid in two instalments of up to ₹7,500 each.

The first instalment becomes payable after six months of employment.

The second instalment is payable after 12 months of continuous service, provided the employee completes the prescribed Financial Literacy Course (FLC).

Detailed Explanation:

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) was launched in August 2025 to encourage formal employment and generate job opportunities.

The scheme covers eligible employment between 1 August 2025 and 31 July 2027, with a total budget allocation of ₹99,446 crore.

Employees earning a monthly salary of up to ₹1 lakh may qualify for incentives under the scheme.

The scheme has two parts. Part A provides financial incentives to first-time employees entering formal employment, while Part B supports employers who expand their workforce.

Under Part A, eligible first-time employees can receive financial assistance of up to ₹15,000, paid in two instalments of up to ₹7,500 each.

The actual amount depends on the employee’s Employees’ Provident Fund (EPF) wage for one completed month, subject to the overall limit.

The first instalment becomes payable after six months of employment.

The second instalment is payable after 12 months of continuous service, provided the employee completes the prescribed Financial Literacy Course (FLC).

11) Answer: A

Short Explanation:

The United States (US) suspended several major IT companies from the Permanent Labour Certification Programme on 8 October 2026, affecting their ability to sponsor eligible foreign workers for US green cards.

The affected companies include Cognizant, Infosys, Tata, Wipro, HCL, Capgemini, Microsoft and Adobe.

The announcement was made by US Labour Secretary Keith Sonderling, alongside Vice-President J.D. Vance, who heads the US Anti-Fraud Task Force.

The Permanent Labour Certification Programme (PERM) allows US employers to sponsor eligible foreign workers for permanent employment and lawful permanent residency (green cards), subject to applicable requirements.

Detailed Explanation:

The United States (US) suspended several major IT companies from the Permanent Labour Certification Programme on 8 October 2026, affecting their ability to sponsor eligible foreign workers for US green cards.

The affected companies include Cognizant, Infosys, Tata, Wipro, HCL, Capgemini, Microsoft and Adobe.

The announcement was made by US Labour Secretary Keith Sonderling, alongside Vice-President J.D. Vance, who heads the US Anti-Fraud Task Force.

The Permanent Labour Certification Programme (PERM) allows US employers to sponsor eligible foreign workers for permanent employment and lawful permanent residency (green cards), subject to applicable requirements.

The US government stated that it would not accept new applications or process pending permanent labour certification applications involving the affected companies.

According to Keith Sonderling, the companies had requested nearly 3 million foreign workers since 2009, received more than 230,000 H-1B visa approvals and obtained over 100,000 permanent labour certifications.

The US administration argued that the companies’ recruitment practices were taking employment opportunities away from American workers.

12) Answer: C

Short Explanation:

The 5th edition of India–Australia Joint Military Exercise AUSTRAHIND 2026 commenced on 19 October 2026 at the Foreign Training Node, Thiruvananthapuram, Kerala, and will continue until 1 November 2026.

AUSTRAHIND 2026 involves approximately 120 personnel each from the Indian Army and Australian Army.

The Indian Army contingent comprises troops from the Garhwal Rifles and other arms and services, while the Australian Army contingent comprises troops from 13 Brigade.

The theme of Exercise AUSTRAHIND 2026 is “Joint Sub-Conventional Operations in Island and Coastal Environment under Chapter VII of the UN Mandate.”

Detailed Explanation:

The 5th edition of India–Australia Joint Military Exercise AUSTRAHIND 2026 commenced on 19 October 2026 at the Foreign Training Node, Thiruvananthapuram, Kerala, and will continue until 1 November 2026.

AUSTRAHIND 2026 involves approximately 120 personnel each from the Indian Army and Australian Army.

The Indian Army contingent comprises troops from the Garhwal Rifles and other arms and services, while the Australian Army contingent comprises troops from 13 Brigade.

The theme of Exercise AUSTRAHIND 2026 is “Joint Sub-Conventional Operations in Island and Coastal Environment under Chapter VII of the UN Mandate.”

The primary objectives of the exercise are to enhance interoperability, jointmanship, and operational coordination between the Indian and Australian armies.

The training includes joint planning, tactical drills, combat-oriented training, surveillance and reconnaissance, protection of vital installations, and Humanitarian Assistance and Disaster Relief (HADR) operations in island and coastal environments.

An observer delegation from New Zealand is participating in the exercise for the first time.

The 4th edition of Exercise AUSTRAHIND was held at Irwin Barracks, Perth, Australia, from 13 to 26 October 2025.

13) Answer: C

Short Explanation:

India and Russia conducted the 15th edition of the bilateral naval exercise INDRA-2026 at Vladivostok and the Sea of Japan (East Sea), Russia, to strengthen maritime cooperation, operational interoperability and coordination between their navies.

Exercise INDRA-2026 was scheduled from 13 to 18 October 2026, with the maritime phase conducted on 16–17 October 2026.

Indian Naval Ship (INS) Sahyadri arrived at Vladivostok, Russia, on 10 October 2026 to participate in the exercise.

Detailed Explanation:

India and Russia conducted the 15th edition of the bilateral naval exercise INDRA-2026 at Vladivostok and the Sea of Japan (East Sea), Russia, to strengthen maritime cooperation, operational interoperability and coordination between their navies.

Exercise INDRA-2026 was scheduled from 13 to 18 October 2026, with the maritime phase conducted on 16–17 October 2026.

Indian Naval Ship (INS) Sahyadri arrived at Vladivostok, Russia, on 10 October 2026 to participate in the exercise.

The participating naval forces included the Indian Navy and the Russian Federation Navy (RuFN).

The harbour phase was conducted at Vladivostok, Russia, and included planning conferences, cross-deck visits, protocol meetings and professional interactions between Indian and Russian naval personnel.

The operational teams of INS Sahyadri and the Russian Navy ship Aldar Tsydenzhapov held a planning conference to coordinate activities for the sea phase.

14) Answer: A

Short Explanation:

The Indian Navy will organise the 5th edition of Swavlamban 2026, its flagship Naval Innovation and Indigenisation Seminar, on 26–27 October 2026 at the Manekshaw Centre, New Delhi.

The curtain-raiser press conference was held on 19 October 2026 in New Delhi, chaired by Vice Admiral Ajay Kochhar, Vice Chief of the Naval Staff (VCNS).

Swavlamban 2026 aims to promote indigenous technological innovation, strengthen naval operational capabilities, and advance Aatmanirbharta (self-reliance).

Detailed Explanation:

The Indian Navy will organise the 5th edition of Swavlamban 2026, its flagship Naval Innovation and Indigenisation Seminar, on 26–27 October 2026 at the Manekshaw Centre, New Delhi.

The curtain-raiser press conference was held on 19 October 2026 in New Delhi, chaired by Vice Admiral Ajay Kochhar, Vice Chief of the Naval Staff (VCNS).

Swavlamban 2026 aims to promote indigenous technological innovation, strengthen naval operational capabilities, and advance Aatmanirbharta (self-reliance).

The seminar will bring together start-ups, MSMEs, academia, industry partners, investors, innovators, and the Defence Forces to develop collaborative solutions for emerging maritime security challenges.

The exhibition will showcase indigenous innovations in Maritime Surveillance, Counter-UAS, Artificial Intelligence (AI), Quantum Technologies, Nuclear, Biological and Chemical Defence (NBCD), and Safety and Efficiency Enhancers.

Investor engagements will focus on funding opportunities, scaling up promising enterprises, and commercialisation of indigenous technologies.

15) Answer: A

Short Explanation:

Hinduja Tech Limited., a mobility-focused engineering and Research & Development (R&D) technology company, has appointed Faiz Ahmad as its Chief Executive Officer (CEO), effective 1 November 2026.

Faiz Ahmad will succeed Kumar Prabhas, who will retire as CEO on 31 October 2026 after serving in the role for nine years.

Hinduja Tech Ltd. is a subsidiary of Ashok Leyland and is part of the Hinduja Group ecosystem.

Detailed Explanation:

Hinduja Tech Limited., a mobility-focused engineering and Research & Development (R&D) technology company, has appointed Faiz Ahmad as its Chief Executive Officer (CEO), effective 1 November 2026.

Faiz Ahmad will succeed Kumar Prabhas, who will retire as CEO on 31 October 2026 after serving in the role for nine years.

Hinduja Tech Ltd. is a subsidiary of Ashok Leyland and is part of the Hinduja Group ecosystem.

Faiz Ahmad has been associated with the broader Hinduja Group ecosystem for nearly two decades.

Before his appointment as CEO, Faiz Ahmad served as Chief Operating Officer (COO) and Head of Vehicle Engineering & Development at Hinduja Tech.

During Kumar Prabhas’s tenure, Hinduja Tech expanded its international presence, strengthened customer partnerships, and completed acquisitions, including DSD and Tecosim.

16) Answer: D

Nagaraju Maddirala, former Secretary of the Department of Financial Services (DFS), has been appointed Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services (IL&FS) for a period of two years.

His appointment was confirmed by the Ministry of Corporate Affairs (MCA) through an order dated 12 October 2026.

He succeeds Nand Kishore, whose tenure as IL&FS CMD ended on 30 September 2026; Kishore will continue as a director on the IL&FS board.

17) Answer: B

The Central Government appointed Lavanya R. Mundayur as the Chairman-cum-Managing Director (CMD) of New India Assurance Company Limited (NIACL).

Her appointment was approved by the Department of Financial Services (DFS) under the Ministry of Finance.

Lavanya R. Mundayur assumed charge as CMD of New India Assurance Company Limited with effect from 30 September 2026.

Her tenure will continue until 31 May 2029, the date of her superannuation, or until further orders, whichever is earlier.

19) Answer: C

CARE Edge Ratings Limited (CARE Ratings) has signed a share purchase agreement and a shareholders’ agreement with the State Bank of India (SBI) and NSE IFSC (NSEIX) to sell a 19.8% stake in its wholly owned subsidiary, CareEdge Global International Financial Services Centre (IFSC) Limited (CGIL).

Under the agreement, CARE Edge Ratings will sell a 9.9% equity stake each to SBI and NSE IFSC.

After completion of the transaction, CARE Edge Ratings will retain an 80.2% stake in CGIL and continue as its majority shareholder.

Following the stake sale, CGIL will cease to be a wholly owned subsidiary of CARE Edge Ratings.

 

19) Answer: A

Short Explanation:

The World Health Summit (WHS) 2026, a leading global health platform, was held from 11 to 13 October 2026 in Berlin, Germany, under the theme “From Crisis to Resilience: Innovating for Health.”

The summit was led by Professor Axel R. Pries, President of the World Health Summit (WHS), and brought together political leaders, scientists, private-sector representatives and civil society members.

Detailed Explanation:

The World Health Summit (WHS) 2026, a leading global health platform, was held from 11 to 13 October 2026 in Berlin, Germany, under the theme “From Crisis to Resilience: Innovating for Health.”

The summit was led by Professor Axel R. Pries, President of the World Health Summit (WHS), and brought together political leaders, scientists, private-sector representatives and civil society members.

The event attracted more than 4,000 in-person participants from over 130 countries and territories, with over 50,000 virtual participants.

The six central topics of WHS 2026 were Global Health Architecture; Pandemic Prevention, Preparedness and Response; Health Equity for Women, Children, and Youth; Future-Ready Health Systems; Conflict and Health; and Environmental Drivers of Health.

The World Health Organization (WHO) launched the Hub 2030 Strategy to help countries detect and assess emerging health threats within 24 hours.

20) Answer: C

Short Explanation:

The Japan Aerospace Exploration Agency (JAXA) launched the uncrewed Martian Moons eXploration (MMX) mission aboard an H3 rocket from the Yoshinobu Launch Complex at Tanegashima Space Center, Japan, to collect samples from Phobos, one of Mars’s moons.

If successful, MMX will become the world’s first mission to return samples from a Martian moon to Earth for scientific analysis.

The MMX spacecraft is projected to reach Mars in August 2027 and return samples to Earth in 2031.

Detailed Explanation:

The Japan Aerospace Exploration Agency (JAXA) launched the uncrewed Martian Moons eXploration (MMX) mission aboard an H3 rocket from the Yoshinobu Launch Complex at Tanegashima Space Center, Japan, to collect samples from Phobos, one of Mars’s moons.

If successful, MMX will become the world’s first mission to return samples from a Martian moon to Earth for scientific analysis.

The MMX spacecraft is projected to reach Mars in August 2027 and return samples to Earth in 2031.

The mission is led by JAXA with the participation of four international space agencies: NASA (United States), the European Space Agency (ESA), the French National Centre for Space Studies (CNES) and the German Aerospace Center (DLR).

The spacecraft carries a small rover named IDEFIX, developed by CNES and the German Aerospace Center (DLR).

21) Answer: A

Short Explanation:

Pakistan’s Inter-Services Public Relations (ISPR), the media wing of the Pakistan Armed Forces, announced the successful test-firing of the extended-range (ER) variant of the Fatah-II surface-to-surface missile (SSM) by the Army Rocket Force Command (ARFC).

The launch was attended by Lieutenant General Nauman Zakaria, Commander of the Army Rocket Force Command, along with senior military officers, scientists and engineers.

The Fatah-II is a surface-to-surface ballistic missile developed by Pakistan’s National Engineering & Scientific Commission (NESCOM), with Khan Research Laboratories (KRL) also associated with its development in defence reporting.

Detailed Explanation:

Pakistan’s Inter-Services Public Relations (ISPR), the media wing of the Pakistan Armed Forces, announced the successful test-firing of the extended-range (ER) variant of the Fatah-II surface-to-surface missile (SSM) by the Army Rocket Force Command (ARFC).

The launch was attended by Lieutenant General Nauman Zakaria, Commander of the Army Rocket Force Command, along with senior military officers, scientists and engineers.

The Fatah-II is a surface-to-surface ballistic missile developed by Pakistan’s National Engineering & Scientific Commission (NESCOM), with Khan Research Laboratories (KRL) also associated with its development in defence reporting.

The Fatah-II has a reported range of approximately 400 kilometres and carries a reported 365-kilogram warhead designed for precision strikes against military targets.

The missile incorporates advanced navigation systems and avionics, including an Inertial Navigation System (INS) and a Global Navigation Satellite System (GNSS), to improve targeting accuracy.

22) Answer: D

Renowned fisheries scientist and academician B. Madhusoodana Kurup, the founding Vice-Chancellor (VC) of Kerala University of Fisheries and Ocean Studies (KUFOS), passed away at the age of 71 in Kochi, Kerala, on 18 October 2026.

He was born on 28 November 1954 in Thiruvananthapuram, Kerala.

He was widely recognised for his contributions to aquatic biodiversity, aquaculture, fisheries education and research.

He served as the founding Vice-Chancellor of KUFOS, India's first university dedicated to fisheries and ocean studies.

He also served as the Vice-Chancellor of Shri Venkateshwara University, Uttar Pradesh (UP).

23) Answer: C

World Osteoporosis Day is observed annually on 20 October to raise global awareness about the prevention, diagnosis, and treatment of osteoporosis and metabolic bone diseases.

The official theme for World Osteoporosis Day 2026 is “Build, Protect, Strengthen Your Bones for Life”, also expressed as “Build, Protect, Strengthen Your Bones.”

World Osteoporosis Day was launched on 20 October 1996 by the United Kingdom’s National Osteoporosis Society, with support from the European Commission.


24) Answer: D

National Solidarity Day is observed annually on 20 October in India to commemorate the 1962 India–China War and honour the courage and sacrifices of Indian Armed Forces personnel.

The India–China War of 1962 began on 20 October 1962 and ended on 21 November 1962, lasting approximately one month.

The conflict involved border disputes between India and China, particularly in Ladakh and the North-East Frontier Agency (NEFA), now largely part of Arunachal Pradesh.

25) Answer: B

Police Commemoration Day is observed annually on 21 October in India to honour police personnel who sacrificed their lives in the line of duty.

The theme for Police Commemoration Day 2026, highlighted by the Ministry of Home Affairs (MHA), is “Fight Against Drugs.”