Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of  25th 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 news, the Reserve Bank of India's Commercial Banks–Governance Amendment Directions, 2026 will come into effect from which date?

(a) 1 July 2026

(b) 1 August 2026

(c) 1 September 2026

(d) 1 October 2026

(e) 1 January 2027

2) As per the news, which company became the first Authorised Dealer Category-II (AD-II) entity in India to receive RBI authorisation to offer both Trade Remittances and Family Maintenance Remittances?

(a) Paytm Payments Bank

(b) EbixCash World Money Limited

(c) Western Union India

(d) Thomas Cook India

(e) Muthoot Finance

 

3) As per the news, what Real GDP growth has ICRA projected for India in Q1 (April–June) of FY2026–27?

(a) 5.8–6.0%

(b) 6.0–6.2%

(c) 6.4–6.6%

(d) 6.8–7.0%

(e) 7.2–7.4%

 

4) As per the news, which company became the first in India to launch a UPI-enabled Meal Card?

(a) EnKash

(b) Razorpay

(c) PhonePe

(d) BharatPe

(e) MobiKwik

5) As per the news, according to the Economic Advisory Council to the Prime Minister (EAC-PM), what was India's share of the world's Gross Domestic Product (GDP) in 2025 based on Purchasing Power Parity (PPP)?

(a) 6.5%

(b) 7.4%

(c) 8.2%

(d) 9.0%

(e) 10.1%

 

6) As per the news, the Government of Maharashtra launched Bharat Taxi, a cooperative taxi service platform, at which airport?

(a) Chhatrapati Shivaji Maharaj International Airport

(b) Pune International Airport

(c) Dr. Babasaheb Ambedkar International Airport

(d) Navi Mumbai International Airport

(e) Shirdi International Airport

 

7) As per the news, which city will host the International Type 1 Diabetes Summit 2026 from 30 July to 1 August 2026?

(a) Jodhpur

(b) New Delhi

(c) Jaipur

(d) Udaipur

(e) Ahmedabad

8) As per the news, Mission Golden Spice – Integrated Lakadong Turmeric Value Chain Enhancement Project has been launched under which initiative?

(a) PM Gati Shakti

(b) Atmanirbhar Bharat Abhiyan

(c) Unlock the Economic Potential of India's Northeast (USP)

(d) National Mission on Spices

(e) One District One Product (ODOP)

 

9) As per the news, India became the 123rd member to formally accept which World Trade Organization (WTO) agreement?

(a) Trade Facilitation Agreement

(b) Agreement on Agriculture

(c) Agreement on Government Procurement

(d) Information Technology Agreement

(e) Agreement on Fisheries Subsidies

 

10) As per the news, which United Nations agency released the State of Food Security and Nutrition in the World (SOFI) 2026 report?

(a) United Nations Development Programme (UNDP)

(b) Food and Agriculture Organization (FAO)

(c) United Nations Environment Programme (UNEP)

(d) United Nations Educational, Scientific and Cultural Organization (UNESCO)

(e) International Labour Organization (ILO)

11) As per the news, the President of Zanzibar, Hussein Ali Mwinyi, visited India at the invitation of which Indian dignitary?

(a) President Droupadi Murmu

(b) Prime Minister Narendra Modi

(c) Vice President C. P. Radhakrishnan

(d) External Affairs Minister S. Jaishankar

(e) Lok Sabha Speaker Om Birla

 

12) As per the news, who has been appointed as the new Chief Executive Officer (CEO) of NITI Aayog?

(a) B. V. R. Subrahmanyam

(b) Nidhi Chhibber

(c) Amitabh Kant

(d) Anurag Jain

(e) Rajesh Kumar Singh

 

13) As per the news, who has been selected for the 44th Lokmanya Tilak National Award 2026?

(a) Amit Shah

(b) Ajit Doval

(c) Devendra Fadnavis

(d) Eknath Shinde

(e) Rajnath Singh

 

14) As per the news, Paras Semiconductors Private Limited will establish a greenfield Advanced IC Packaging and OSAT facility with an investment of approximately how much?

(a) ₹3,200 crore

(b) ₹4,500 crore

(c) ₹5,000 crore

(d) ₹6,200 crore

(e) ₹7,500 crore

 

15) As per the news, India strengthened its Double Taxation Avoidance Agreement (DTAA) with Sri Lanka by incorporating which internationally recognised anti-abuse provision?

(a) General Anti-Avoidance Rules (GAAR)

(b) Significant Economic Presence (SEP)

(c) Principal Purpose Test (PPT)

(d) Equalisation Levy

(e) Safe Harbour Rules

 

16) As per the news, which DRDO laboratory developed India's first indigenous Expendable Turbojet Engine in the 350 kg thrust class?

(a) Aeronautical Development Establishment (ADE)

(b) Defence Metallurgical Research Laboratory (DMRL)

(c) Gas Turbine Research Establishment (GTRE)

(d) Defence Research and Development Laboratory (DRDL)

(e) Centre for Airborne Systems (CABS)

17) As per the news, the Reserve Bank of India (RBI) approved Areion Group's acquisition of Aviom India Housing Finance for how much?

(a) ₹750 crore

(b) ₹936 crore

(c) ₹950 crore

(d) ₹977.5 crore

(e) ₹1,050 crore

 

18) As per the news, the 'BHASHINI Rajyam: State Engagement Workshop' was organised in which city?

(a) Panaji

(b) Bengaluru

(c) Hyderabad

(d) Kochi

(e) Bhubaneswar

 

19) As per the news, Microsoft India launched UNNATI AI 2.0 in collaboration with which institution?

(a) Indian Institute of Science (IISc), Bengaluru

(b) IIT Bombay

(c) Centre for Development of Advanced Computing (C-DAC)

(d) NITI Aayog

(e) IIT Delhi's Foundation for Innovation and Technology Transfer (FITT)

20) As per the news, which institution has been granted Awarding Body (AB-Dual) recognition by the National Council for Vocational Education and Training (NCVET)?

(a) National Skill Development Corporation (NSDC)

(b) National Institute of Rural Development and Panchayati Raj (NIRDPR)

(c) Indian Institute of Entrepreneurship (IIE)

(d) National Institute of Open Schooling (NIOS)

(e) National Productivity Council (NPC)

Answers:

1) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) has issued the Commercial Banks–Governance Amendment Directions, 2026, which will come into effect from 1 October 2026.

The Amendment Directions aim to strengthen board governance, improve decision-making, and enhance corporate governance in the Indian banking sector.

The revised framework shifts from a prescriptive, theme-based approach to a principle-based governance framework, providing greater flexibility to bank boards.

Under the new framework, Boards of Directors will devote more attention to business strategy, risk management, financial resilience, and corporate governance.

Detailed Explanation:

The Reserve Bank of India (RBI) has issued the Commercial Banks–Governance Amendment Directions, 2026, which will come into effect from 1 October 2026.

The Amendment Directions aim to strengthen board governance, improve decision-making, and enhance corporate governance in the Indian banking sector.

The revised framework shifts from a prescriptive, theme-based approach to a principle-based governance framework, providing greater flexibility to bank boards.

Under the new framework, Boards of Directors will devote more attention to business strategy, risk management, financial resilience, and corporate governance.

The Board will primarily oversee business strategy, risk management, governance standards, regulatory compliance, internal controls, and exposures to related entities.

Routine operational matters may be delegated to Board Committees or Management Committees, enabling the Board to focus on strategic oversight.

The Chairperson of the Board has been assigned the primary responsibility for setting the Board agenda, while the management must provide timely and adequate information for informed decision-making.

The Amendment Directions apply to Commercial Banks and, with suitable modifications, also to Private Sector Banks, Small Finance Banks (SFBs), Payments Banks, and Local Area Banks (LABs).

2) Answer: B

Short Explanation:

EbixCash World Money Limited became the first Authorised Dealer Category-II (AD-II) entity in India to receive Reserve Bank of India (RBI) authorisation to offer Trade Remittances and Family Maintenance Remittances, a segment previously dominated by banks.

The RBI approval marks a significant expansion of the role of AD-II entities in India's foreign exchange and remittance ecosystem.

Under the enhanced licence, EbixCash can facilitate Trade Remittances up to ₹25 lakh per transaction.

Detailed Explanation:

EbixCash World Money Limited became the first Authorised Dealer Category-II (AD-II) entity in India to receive Reserve Bank of India (RBI) authorisation to offer Trade Remittances and Family Maintenance Remittances, a segment previously dominated by banks.

The RBI approval marks a significant expansion of the role of AD-II entities in India's foreign exchange and remittance ecosystem.

Under the enhanced licence, EbixCash can facilitate Trade Remittances up to ₹25 lakh per transaction.

The company is also authorised to process Family Maintenance Remittances under the updated Foreign Exchange Management Act (FEMA), 1999 framework introduced in May 2026.

The new licence will help Micro, Small and Medium Enterprises (MSMEs) engaged in import and export activities by providing direct trade-related remittance services

3) Answer: C

Short Explanation:

ICRA Limited, a domestic credit rating agency, has projected India’s Real Gross Domestic Product (GDP) Growth at 6.4–6.6% for Q1 (April–June) FY2026–27 (FY27).

The projected growth is driven by broad-based economic activity, despite elevated energy prices and limited input availability, which continue to put pressure on manufacturing margins.

India’s Real GDP had grown by 7.8% in Q4 (January–March) FY2025–26 (FY26).

Detailed Explanation:

ICRA Limited, a domestic credit rating agency, has projected India’s Real Gross Domestic Product (GDP) Growth at 6.4–6.6% for Q1 (April–June) FY2026–27 (FY27).

The projected growth is driven by broad-based economic activity, despite elevated energy prices and limited input availability, which continue to put pressure on manufacturing margins.

India’s Real GDP had grown by 7.8% in Q4 (January–March) FY2025–26 (FY26).

ICRA’s Business Activity Monitor (BAM) recorded 12% Year-on-Year (YoY) growth in June 2026, the highest growth in the last 32 months, compared to 9.4% YoY in May 2026.

Out of 16 High-Frequency Indicators, 13 indicators showed faster growth in June 2026, reflecting strong economic momentum.

The growth was supported by the temporary USA–Iran ceasefire, a 40% rainfall deficit that extended construction and mining activities, and a favourable base effect.

4) Answer: A

Short Explanation:

EnKash, India’s leading business payments and spend management platform, became the first company in India to launch a Unified Payments Interface (UPI)-enabled Meal Card.

The UPI-based Meal Card enables employees to make direct payments from their meal balance by scanning eligible UPI QR Codes at food and grocery merchants.

Detailed Explanation:

EnKash, India’s leading business payments and spend management platform, became the first company in India to launch a Unified Payments Interface (UPI)-enabled Meal Card.

The UPI-based Meal Card enables employees to make direct payments from their meal balance by scanning eligible UPI QR Codes at food and grocery merchants.

The UPI-enabled Meal Card is supported by EnKash’s existing payments and prepaid infrastructure, ensuring seamless digital transactions.

EnKash’s payment ecosystem offers businesses a comprehensive suite of services, including Prepaid Cards, Employee Benefits, Expense Management, and Business Payment Solutions.

The initiative provides Meal Benefits of up to ₹200 per meal under both the Old Tax Regime and the Revised Tax Regime.

The maximum annual tax savings available through the Meal Card is ₹1,05,600.

 

5) Answer: C

Short Explanation:

According to a working paper published by the Economic Advisory Council to the Prime Minister (EAC-PM), India accounted for 8.2% of the world's Gross Domestic Product (GDP) in 2025 based on Purchasing Power Parity (PPP).

The report highlights that India contributes more than 10% of global savings and global investment, reflecting its increasing importance in the world economy.

The International Monetary Fund (IMF) projects India's share of global GDP to rise to 9.7% by 2030, indicating sustained economic growth over the decade.

Detailed Explanation:

According to a working paper published by the Economic Advisory Council to the Prime Minister (EAC-PM), India accounted for 8.2% of the world's Gross Domestic Product (GDP) in 2025 based on Purchasing Power Parity (PPP).

The report highlights that India contributes more than 10% of global savings and global investment, reflecting its increasing importance in the world economy.

The International Monetary Fund (IMF) projects India's share of global GDP to rise to 9.7% by 2030, indicating sustained economic growth over the decade.

The working paper is titled "The World in Purchasing Power Parity (PPP): Trends since 1992".

The report was prepared by EAC-PM members Sanjeev Sanyal, Akash Arora, and Payal Sharma.

The paper identifies China's economic rise since 1992 as the largest global economic transformation, with China accounting for nearly 20% of global GDP, 32% of world savings, and 30% of world investment.

6) Answer: D

Short Explanation:

The Government of Maharashtra launched Bharat Taxi, a cooperative taxi service platform, at the Navi Mumbai International Airport, Maharashtra, to provide affordable, transparent, and reliable transportation services.

The service was inaugurated by Devendra Fadnavis, Chief Minister of Maharashtra, along with Murlidhar Mohol, Union Minister of State for Cooperation.

Bharat Taxi is based on the vision of Prime Minister Narendra Modi’s “Sahakar Se Samriddhi” (Prosperity through Cooperation), aiming to strengthen the cooperative model in the transport sector.

Detailed Explanation:

The Government of Maharashtra launched Bharat Taxi, a cooperative taxi service platform, at the Navi Mumbai International Airport, Maharashtra, to provide affordable, transparent, and reliable transportation services.

The service was inaugurated by Devendra Fadnavis, Chief Minister of Maharashtra, along with Murlidhar Mohol, Union Minister of State for Cooperation.

Bharat Taxi is based on the vision of Prime Minister Narendra Modi’s “Sahakar Se Samriddhi” (Prosperity through Cooperation), aiming to strengthen the cooperative model in the transport sector.

Unlike traditional ride-hailing platforms, Bharat Taxi follows a driver-centric cooperative model, where drivers, known as Sarathis, become owners and members of the cooperative.

The platform aims to provide drivers with regular income opportunities, ownership benefits, and profit-sharing, while offering passengers fixed pricing without surge charges or hidden fees.

Key features of Bharat Taxi include:

No surge pricing

Transparent fare system

No hidden charges

Fixed service charge model

Improved safety and service quality

Bharat Taxi was first introduced in Delhi and Gujarat and has now expanded to Maharashtra, beginning operations from the Navi Mumbai International Airport

 

7) Answer: A

Short Explanation:

India will host the International Type 1 Diabetes Summit 2026 from 30 July to 1 August 2026 in Jodhpur, Rajasthan, bringing together leading medical experts, researchers, government officials, healthcare professionals, and patient representatives from across the world.

The summit is being organised by Friends of Mewar, Breakthrough T1D, and the William J. Clinton Foundation to promote global collaboration in Type 1 diabetes research, treatment, technology, and patient care.

The official announcement of the summit was made at the Constitution Club of India, New Delhi.

Detailed Explanation:

India will host the International Type 1 Diabetes Summit 2026 from 30 July to 1 August 2026 in Jodhpur, Rajasthan, bringing together leading medical experts, researchers, government officials, healthcare professionals, and patient representatives from across the world.

The summit is being organised by Friends of Mewar, Breakthrough T1D, and the William J. Clinton Foundation to promote global collaboration in Type 1 diabetes research, treatment, technology, and patient care.

The official announcement of the summit was made at the Constitution Club of India, New Delhi.

The summit will focus on improving access to affordable insulin, equitable treatment, medical innovation, and quality of life for people living with Type 1 Diabetes.

Key discussion areas include Continuous Glucose Monitoring (CGM), insulin pump therapy, digital health solutions, psychological support, public health policies, diabetes technologies, and international research collaboration.

Experts from India, the United States of America (USA), Australia, and several other countries are expected to participate.

8) Answer: C

Short Explanation:

Union Minister for Communications and Development of North Eastern Region, Jyotiraditya M. Scindia, along with Meghalaya Chief Minister Conrad K. Sangma, launched the Mission Golden Spice – Integrated Lakadong Turmeric Value Chain Enhancement Project at Sanchar Bhavan, New Delhi.

The mission is a ₹175.45 crore convergence-led initiative to transform Lakadong turmeric into a globally recognised premium spice by strengthening its entire value chain.

The project has been launched under the "Unlock the Economic Potential of India's Northeast (USP)" initiative of the Ministry of Development of North Eastern Region.

Detailed Explanation:

Union Minister for Communications and Development of North Eastern Region, Jyotiraditya M. Scindia, along with Meghalaya Chief Minister Conrad K. Sangma, launched the Mission Golden Spice – Integrated Lakadong Turmeric Value Chain Enhancement Project at Sanchar Bhavan, New Delhi.

The mission is a ₹175.45 crore convergence-led initiative to transform Lakadong turmeric into a globally recognised premium spice by strengthening its entire value chain.

The project has been launched under the "Unlock the Economic Potential of India's Northeast (USP)" initiative of the Ministry of Development of North Eastern Region.

The mission will be implemented over five years (2025–2030) in two phases:

Phase I: Value Chain Strengthening

Phase II: Expansion and Scale-up

The initiative is being implemented by the Ministry of Development of North Eastern Region in collaboration with the North Eastern Council.

9) Answer: E

Short Explanation:

India formally accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies, becoming the 123rd member to join the global agreement.

Commerce Secretary Rajesh Agrawal deposited India's Instrument of Acceptance with World Trade Organization Director-General Ngozi Okonjo-Iweala at the World Trade Organization Headquarters in Geneva, Switzerland.

The Agreement on Fisheries Subsidies was adopted by consensus during the 12th World Trade Organization Ministerial Conference held in Geneva, Switzerland, in June 2022 and entered into force on 15 September 2025 after acceptance by two-thirds of World Trade Organization members.

Detailed Explanation:

India formally accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies, becoming the 123rd member to join the global agreement.

Commerce Secretary Rajesh Agrawal deposited India's Instrument of Acceptance with World Trade Organization Director-General Ngozi Okonjo-Iweala at the World Trade Organization Headquarters in Geneva, Switzerland.

The Agreement on Fisheries Subsidies was adopted by consensus during the 12th World Trade Organization Ministerial Conference held in Geneva, Switzerland, in June 2022 and entered into force on 15 September 2025 after acceptance by two-thirds of World Trade Organization members.

It is the first multilateral agreement of the World Trade Organization with an environmental sustainability objective.

 

10) Answer: B

Short Explanation:

The United Nations (UN) Food and Agriculture Organization (FAO) released the State of Food Security and Nutrition in the World (SOFI) 2026 report titled “Understanding and Addressing the High Cost of a Healthy Diet.”

The report estimated that 645 million people (7.8% of the global population) faced hunger in 2025, showing a slight improvement from 8.1% in the previous year.

Despite this progress, the world remains off track to achieve Sustainable Development Goal (SDG)-2: Zero Hunger by 2030.

Detailed Explanation:

The United Nations (UN) Food and Agriculture Organization (FAO) released the State of Food Security and Nutrition in the World (SOFI) 2026 report titled “Understanding and Addressing the High Cost of a Healthy Diet.”

The report estimated that 645 million people (7.8% of the global population) faced hunger in 2025, showing a slight improvement from 8.1% in the previous year.

Despite this progress, the world remains off track to achieve Sustainable Development Goal (SDG)-2: Zero Hunger by 2030.

The SOFI Report is jointly prepared by five UN specialized agencies:

Food and Agriculture Organization (FAO)

International Fund for Agricultural Development (IFAD)

United Nations Children's Fund (UNICEF)

World Food Programme (WFP)

World Health Organization (WHO)

The number of hungry people in 2025 remained 61 million higher than pre-COVID-19 (2019) levels.

The global prevalence of hunger declined to 7.8% in 2025, compared to 8.0% in 2015, when the 2030 Agenda for Sustainable Development was adopted.

Under a quick-recovery scenario, the report projects the number of chronically undernourished people to decline to about 511 million by 2030.

If disruptions in oil, gas, and fertilizer supplies continue, the number of chronically undernourished people could remain as high as 522 million by 2030.

11) Answer: C

Short Explanation:

President of Zanzibar and Chairman of the Revolutionary Council, Hussein Ali Mwinyi, paid an official visit to India from 17–20 July 2026 at the invitation of Vice President C. P. Radhakrishnan.

The delegation included First Lady Mariyam Mwinyi, along with ministers and senior government officials from Zanzibar.

Both sides welcomed the expansion of bilateral trade, investment, and capacity-building initiatives, further strengthening the India–Tanzania Strategic Partnership.

Detailed Explanation:

President of Zanzibar and Chairman of the Revolutionary Council, Hussein Ali Mwinyi, paid an official visit to India from 17–20 July 2026 at the invitation of Vice President C. P. Radhakrishnan.

The delegation included First Lady Mariyam Mwinyi, along with ministers and senior government officials from Zanzibar.

Both sides welcomed the expansion of bilateral trade, investment, and capacity-building initiatives, further strengthening the India–Tanzania Strategic Partnership.

During bilateral talks, President Hussein Ali Mwinyi and Vice President C. P. Radhakrishnan reviewed India–Tanzania relations and discussed enhancing cooperation in the Blue Economy, Tourism, Technology, Healthcare, Education, Trade, and Investment.

President Hussein Ali Mwinyi invited Vice President C. P. Radhakrishnan to undertake an official visit to Tanzania.

12) Answer: D

Short Explanation:

The Government of India (GoI) appointed Anurag Jain as the new Chief Executive Officer (CEO) of NITI (National Institution for Transforming India) Aayog, with the appointment approved by the Appointments Committee of the Cabinet (ACC) through the Department of Personnel and Training (DoPT).

Anurag Jain assumed charge with immediate effect for a tenure of two years or until further orders, whichever is earlier.

Detailed Explanation:

The Government of India (GoI) appointed Anurag Jain as the new Chief Executive Officer (CEO) of NITI (National Institution for Transforming India) Aayog, with the appointment approved by the Appointments Committee of the Cabinet (ACC) through the Department of Personnel and Training (DoPT).

Anurag Jain assumed charge with immediate effect for a tenure of two years or until further orders, whichever is earlier.

Anurag Jain is a 1989-batch Indian Administrative Service (IAS) officer of the Madhya Pradesh (MP) cadre, with nearly four decades of administrative experience.

Before becoming CEO of NITI Aayog, Anurag Jain served as the Chief Secretary of Madhya Pradesh.

He also held important positions as Secretary, Ministry of Road Transport & Highways and Secretary, Department for Promotion of Industry and Internal Trade (DPIIT).

Anurag Jain succeeded Nidhi Chhibber, Director General (DG) of the Development Monitoring and Evaluation Office (DMEO), who had been holding the additional/interim charge of CEO since 24 February 2026.

Nidhi Chhibber took charge after the completion of the tenure of B. V. R. Subrahmanyam, the former CEO of NITI Aayog.

13) Answer: B

Short Explanation:

National Security Advisor (NSA) Ajit Doval has been selected for the 44th Lokmanya Tilak National Award 2026 for his outstanding contribution to India’s national security, counter-terrorism strategy, covert operations, and border management.

The award will be presented by Union Minister of Home Affairs Amit Shah at a ceremony in Pune, Maharashtra on 1 August 2026, marking the 106th death anniversary of freedom fighter Bal Gangadhar Tilak.

The award comprises a memento, citation, and cash prize of ₹1 lakh.

Detailed Explanation:

National Security Advisor (NSA) Ajit Doval has been selected for the 44th Lokmanya Tilak National Award 2026 for his outstanding contribution to India’s national security, counter-terrorism strategy, covert operations, and border management.

The award will be presented by Union Minister of Home Affairs Amit Shah at a ceremony in Pune, Maharashtra on 1 August 2026, marking the 106th death anniversary of freedom fighter Bal Gangadhar Tilak.

The award comprises a memento, citation, and cash prize of ₹1 lakh.

The announcement was made by Dr Rohit Tilak, President of Lokmanya Tilak Smarak Trust, in Pune in the presence of Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde.

Ajit Doval has been serving as India’s National Security Advisor since 2014 and is the longest-serving NSA of India.

14) Answer: D

Short Explanation:

Paras Semiconductors Private Limited, a subsidiary of Paras Defence and Space Technologies Limited, signed a Memorandum of Understanding (MoU) with the Department of Science and Technology, Government of Madhya Pradesh, through the Madhya Pradesh State Electronics Development Corporation Limited (MPSeDC).

The Memorandum of Understanding aims to establish a greenfield Advanced Integrated Circuit (IC) Packaging and Outsourced Semiconductor Assembly and Test (OSAT) facility in the Indore–Ujjain region of Madhya Pradesh.

Paras Semiconductors will invest approximately ₹6,200 crore to develop the advanced semiconductor packaging facility.

Detailed Explanation:

Paras Semiconductors Private Limited, a subsidiary of Paras Defence and Space Technologies Limited, signed a Memorandum of Understanding (MoU) with the Department of Science and Technology, Government of Madhya Pradesh, through the Madhya Pradesh State Electronics Development Corporation Limited (MPSeDC).

The Memorandum of Understanding aims to establish a greenfield Advanced Integrated Circuit (IC) Packaging and Outsourced Semiconductor Assembly and Test (OSAT) facility in the Indore–Ujjain region of Madhya Pradesh.

Paras Semiconductors will invest approximately ₹6,200 crore to develop the advanced semiconductor packaging facility.

The proposed facility will support advanced semiconductor packaging technologies, including:

Three-Dimensional (3D) Heterogeneous Integration

2.5D/3D Advanced Packaging

Hybrid Bonding

Ultra-High-Density Fan-Out Packaging

Chiplet Integration

Wafer Bumping

Flip-Chip Assembly

Semiconductor Testing and Reliability

The collaboration aims to strengthen India's domestic semiconductor manufacturing ecosystem, reduce dependence on imports, and enhance capabilities in advanced Integrated Circuit packaging and semiconductor testing.

15) Answer: C

Short Explanation:

India has strengthened its Double Taxation Avoidance Agreement (DTAA) with Sri Lanka by incorporating the Principal Purpose Test (PPT), an internationally recognised anti-abuse provision under the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) framework.

The amendment was introduced through a Protocol notified by the Ministry of Finance and came into force on 19 June 2026 after completion of domestic legal procedures by both countries.

The revised provisions will apply in India for income derived from 1 April 2027.

Detailed Explanation:

India has strengthened its Double Taxation Avoidance Agreement (DTAA) with Sri Lanka by incorporating the Principal Purpose Test (PPT), an internationally recognised anti-abuse provision under the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) framework.

The amendment was introduced through a Protocol notified by the Ministry of Finance and came into force on 19 June 2026 after completion of domestic legal procedures by both countries.

The revised provisions will apply in India for income derived from 1 April 2027.

The Principal Purpose Test (PPT) allows tax authorities of both countries to deny treaty benefits if one of the main purposes of a transaction or investment is found to be obtaining an undue tax advantage rather than carrying out genuine commercial activities.

The amendment aims to:

Prevent treaty shopping arrangements.

Avoid double non-taxation.

Ensure fair taxation while continuing to eliminate double taxation for genuine taxpayers.

The amendment does not change the existing tax rates under the India–Sri Lanka DTAA

16) Answer: C

Short Explanation:

India achieved a major milestone in indigenous aero-engine technology with the successful development of the country's first indigenous Expendable Turbojet Engine in the 350 kg thrust class.

The engine was designed and developed by the Gas Turbine Research Establishment (GTRE) under the Defence Research and Development Organisation (DRDO).

Azad Engineering, Hyderabad, was selected by GTRE as the industry partner for the manufacturing and assembly of the engine.

On 22 July 2026, Azad Engineering successfully manufactured, realised, and delivered the engine to GTRE, marking a landmark achievement for India's aerospace and defence ecosystem.

Detailed Explanation:

India achieved a major milestone in indigenous aero-engine technology with the successful development of the country's first indigenous Expendable Turbojet Engine in the 350 kg thrust class.

The engine was designed and developed by the Gas Turbine Research Establishment (GTRE) under the Defence Research and Development Organisation (DRDO).

Azad Engineering, Hyderabad, was selected by GTRE as the industry partner for the manufacturing and assembly of the engine.

On 22 July 2026, Azad Engineering successfully manufactured, realised, and delivered the engine to GTRE, marking a landmark achievement for India's aerospace and defence ecosystem.

The successful development is the result of years of precision engineering, advanced manufacturing, and close collaboration between India's scientific and industrial communities.

Jet engine technology is mastered by only a handful of countries and is regarded as one of the most complex engineering technologies, requiring exceptional precision, advanced metallurgy, and stringent manufacturing standards.

The achievement demonstrates the growing technological capabilities of the Indian defence industry in designing and manufacturing highly sophisticated propulsion systems.

 

17) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) approved Areion Group’s ₹936 crore acquisition of Aviom India Housing Finance, marking a major step in the company's insolvency resolution process.

The RBI also granted 'Fit-and-Proper' approval to Manish Lalwani, promoter of Areion Group, which is mandatory for a change in control of a regulated financial institution.

Aviom India Housing Finance entered the Corporate Insolvency Resolution Process (CIRP) in February 2025 due to debt defaults and accounting irregularities.

Areion Group emerged as the successful resolution applicant with an unconditional resolution plan worth ₹936 crore.

The approved resolution plan is expected to provide approximately 65% recovery to the lenders.

Detailed Explanation:

The Reserve Bank of India (RBI) approved Areion Group’s ₹936 crore acquisition of Aviom India Housing Finance, marking a major step in the company's insolvency resolution process.

The RBI also granted 'Fit-and-Proper' approval to Manish Lalwani, promoter of Areion Group, which is mandatory for a change in control of a regulated financial institution.

Aviom India Housing Finance entered the Corporate Insolvency Resolution Process (CIRP) in February 2025 due to debt defaults and accounting irregularities.

Areion Group emerged as the successful resolution applicant with an unconditional resolution plan worth ₹936 crore.

The approved resolution plan is expected to provide approximately 65% recovery to the lenders.

Although Unity Small Finance Bank submitted a higher bid of ₹977.5 crore, secured lenders holding 98.2% voting share unanimously approved Areion Group’s proposal due to its greater execution certainty.

Areion Group operates in the financial services sector through Areion Asset Management Company (AMC) and Omkara Asset Reconstruction Company (ARC).

18) Answer: A

Short Explanation:

The Digital India BHASHINI (BHASHa INterface for India) Division (DIBD) under the Digital India Corporation (DIC), Ministry of Electronics and Information Technology (MeitY), in collaboration with the Department of Information Technology (IT), Electronics & Communications (EC), Government of Goa, organised the 'BHASHINI Rajyam: State Engagement Workshop' in Panaji, Goa.

The workshop was attended by Goa Chief Minister Dr. Pramod Sawant and Rohan A. Khaunte, Minister for IT, Electronics & Communications, Tourism, and Printing & Stationery, Government of Goa.

The primary objective of the workshop was to promote multilingual Artificial Intelligence (AI), strengthen the Konkani language ecosystem, and expand AI-powered multilingual access to citizen-centric government services.

Detailed Explanation:

The Digital India BHASHINI (BHASHa INterface for India) Division (DIBD) under the Digital India Corporation (DIC), Ministry of Electronics and Information Technology (MeitY), in collaboration with the Department of Information Technology (IT), Electronics & Communications (EC), Government of Goa, organised the 'BHASHINI Rajyam: State Engagement Workshop' in Panaji, Goa.

The workshop was attended by Goa Chief Minister Dr. Pramod Sawant and Rohan A. Khaunte, Minister for IT, Electronics & Communications, Tourism, and Printing & Stationery, Government of Goa.

The primary objective of the workshop was to promote multilingual Artificial Intelligence (AI), strengthen the Konkani language ecosystem, and expand AI-powered multilingual access to citizen-centric government services.

The event featured live demonstrations of BHASHINI App Mitra, BHASHINI Mitra, and BHASHINI Pravakta, showcasing advanced AI-enabled language technologies.

The AI solutions demonstrated included translation, speech recognition, transcription, text-to-speech, transliteration, multilingual Application Programming Interfaces (APIs), and a voice-enabled citizen service journey.

The Digital India BHASHINI Division (DIBD) was established in 2022 under the Digital India Corporation (DIC) functioning under MeitY.

DIBD serves as India's national platform for AI-powered multilingual digital inclusion, enabling seamless communication across multiple Indian and international languages.

19) Answer: E

Short Explanation:

Microsoft India, in collaboration with the Foundation for Innovation and Technology Transfer (FITT), Indian Institute of Technology (IIT) Delhi, launched UNNATI AI 2.0, the second phase of its flagship Corporate Social Responsibility (CSR) initiative.

UNNATI AI stands for "Unnati se Pragati", meaning "Progress through Growth."

UNNATI AI 2.0 aims to strengthen India's Artificial Intelligence (AI) talent pipeline by democratizing AI access, promoting innovation, and expanding opportunities in Tier 2 and Tier 3 cities.

Detailed Explanation:

Microsoft India, in collaboration with the Foundation for Innovation and Technology Transfer (FITT), Indian Institute of Technology (IIT) Delhi, launched UNNATI AI 2.0, the second phase of its flagship Corporate Social Responsibility (CSR) initiative.

UNNATI AI stands for "Unnati se Pragati", meaning "Progress through Growth."

UNNATI AI 2.0 aims to strengthen India's Artificial Intelligence (AI) talent pipeline by democratizing AI access, promoting innovation, and expanding opportunities in Tier 2 and Tier 3 cities.

The initiative focuses on AI skill development for developers, entrepreneurs, researchers, students, innovators, and startups through mentorship, startup enablement, and real-world pilot deployments.

It seeks to build a responsible, inclusive, and scalable AI ecosystem to support technology-led national development.

The programme promotes AI-driven solutions across key sectors such as Healthcare, Education, Agriculture, and Sustainability.

The first edition, launched in April 2025, accelerated AI startups while providing nationwide AI skilling opportunities.

 

20) Answer: B

Short Explanation:

The National Council for Vocational Education and Training (NCVET) signed an agreement with the National Institute of Rural Development and Panchayati Raj (NIRDPR) under the Ministry of Rural Development (MoRD), granting NIRDPR recognition as an Awarding Body (AB-Dual).

The agreement-signing ceremony was chaired by Niranjan Kumar Sudhansu, Additional Secretary, Ministry of Skill Development and Entrepreneurship (MSDE) and Executive Member of NCVET, in the presence of officials from NCVET and NIRDPR.

The AB-Dual recognition authorises NIRDPR to assess, certify, and award National Skills Qualifications Framework (NSQF)-aligned qualifications through its own and affiliated training centres.

The recognition aims to strengthen rural skilling, vocational education, entrepreneurship development, and capacity building across rural India.

Detailed Explanation:

The National Council for Vocational Education and Training (NCVET) signed an agreement with the National Institute of Rural Development and Panchayati Raj (NIRDPR) under the Ministry of Rural Development (MoRD), granting NIRDPR recognition as an Awarding Body (AB-Dual).

The agreement-signing ceremony was chaired by Niranjan Kumar Sudhansu, Additional Secretary, Ministry of Skill Development and Entrepreneurship (MSDE) and Executive Member of NCVET, in the presence of officials from NCVET and NIRDPR.

The AB-Dual recognition authorises NIRDPR to assess, certify, and award National Skills Qualifications Framework (NSQF)-aligned qualifications through its own and affiliated training centres.

The recognition aims to strengthen rural skilling, vocational education, entrepreneurship development, and capacity building across rural India.

Under the initial rollout, NCVET approved two NSQF-aligned qualifications: Industrial General Pest Management Technician and a Micro-Credential on Generation and Mobilisation of Own Source Revenue by Panchayats.

NIRDPR will introduce additional NCVET-approved programmes for rural youth, Self-Help Groups (SHGs), and Panchayati Raj functionaries, focusing on industry-relevant skills, entrepreneurship, and institutional capacity building.

NCVET-recognised Awarding Bodies certify NSQF-aligned qualifications under two categories: Standard Awarding Body (certificate awarding only) and Dual Awarding Body (assessment, certification, and awarding).

As of July 2026, NCVET has recognised 52 Standard Awarding Bodies and 107 Dual Awarding Bodies across India.

21) Answer: C

Short Explanation:

Lovlina Borgohain, India’s Tokyo Olympic bronze medallist, secured India’s first medal at the Commonwealth Games 2026 even before the opening ceremony of the event held in Glasgow, Scotland.

Lovlina received a direct entry into the semifinals of the women’s 75 kg boxing event due to the absence of seven participants in the category, confirming her medal position as per the Commonwealth Games boxing rules, where all semifinalists are assured of medals.

Detailed Explanation:

Lovlina Borgohain, India’s Tokyo Olympic bronze medallist, secured India’s first medal at the Commonwealth Games 2026 even before the opening ceremony of the event held in Glasgow, Scotland.

Lovlina received a direct entry into the semifinals of the women’s 75 kg boxing event due to the absence of seven participants in the category, confirming her medal position as per the Commonwealth Games boxing rules, where all semifinalists are assured of medals.

The women’s 75 kg boxing category featured only five boxers, allowing Lovlina to qualify directly for the last four stage without participating in the quarterfinals.

This marks Lovlina Borgohain’s first Commonwealth Games medal. Earlier, she had reached the quarterfinals at:

Gold Coast Commonwealth Games 2018

Birmingham Commonwealth Games 2022

Lovlina will compete in the semifinal against Tarona (T.K.B.P.) Taafaki at the Scottish Event Campus, Glasgow. A victory would help her progress to the final and upgrade her medal colour

 

22) Answer: D

Short Explanation:

Vaibhav Sooryavanshi became the youngest batter to score a half-century in Twenty20 International (T20I) cricket, achieving the feat during the first T20I against Zimbabwe in Harare, Zimbabwe.

At the age of 15 years and 118 days, he reached his fifty in just 19 balls, becoming the youngest player to score a fifty in international cricket.

The left-handed batter played an explosive innings of 50 runs, including 4 fours and 4 sixes, with a strike rate of over 263, in only his fourth T20I match for India.

Detailed Explanation:

Vaibhav Sooryavanshi became the youngest batter to score a half-century in Twenty20 International (T20I) cricket, achieving the feat during the first T20I against Zimbabwe in Harare, Zimbabwe.

At the age of 15 years and 118 days, he reached his fifty in just 19 balls, becoming the youngest player to score a fifty in international cricket.

The left-handed batter played an explosive innings of 50 runs, including 4 fours and 4 sixes, with a strike rate of over 263, in only his fourth T20I match for India.

He broke the previous record held by Louis Bruce (Gibraltar), who scored a T20I fifty at the age of 16 years and 56 days against Malta in August 2021.

With this achievement, Vaibhav Sooryavanshi also became:

Youngest player from an International Cricket Council (ICC) Full Member nation to score a T20I fifty.

Youngest Indian to score a fifty in international cricket, surpassing Sachin Tendulkar.

Youngest Indian to score a fifty in Twenty20 International cricket, surpassing Rohit Sharma.

23) Answer: C

EbixCash was initially established as a Full Fledged Money Changer (FFMC) in 1999.

It was later upgraded to an RBI-regulated Authorised Dealer Category-II (AD-II) entity.

Corporate Headquarters: Noida, Uttar Pradesh (UP).

 

24) Answer: D

EnKash was established in 2018 and is recognized as India’s first full-stack payments and spend management platform.

EnKash holds the following key regulatory licences:

Payment Aggregator (PA) Licence

Prepaid Payment Instrument (PPI) Licence

Bharat Connect (BBPOU) Licence

Headquarters: Mumbai, Maharashtra.

 

25) Answer: B

Bharat Taxi was first introduced in Delhi and Gujarat and has now expanded to Maharashtra, beginning operations from the Navi Mumbai International Airport.

Maharashtra, with more than 2.5 lakh cooperative societies, provides a strong ecosystem for expanding the cooperative transport model across cities and towns.

The initiative aims to strengthen cooperative entrepreneurship, generate employment opportunities, improve driver welfare, and provide a sustainable alternative in the urban mobility sector.