Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 27th May  2026. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2026 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) In 2026, which programme was launched by Union Finance Minister Nirmala Sitharaman during the TEXPROCIL Export Awards 2023–24 ceremony in Mumbai?

(a) National Textile Innovation Mission (NTIM)

(b) Advanced Certificate Program in International Trade (ACPIT)

(c) Global Cotton Export Promotion Scheme (GCEPS)

(d) Integrated Textile Logistics Initiative (ITLI)

(e) Bharat Textile Competitiveness Programme (BTCP)

 

2) As of 2026, which European bank became the first to enable cross-border remittances to India through the Unified Payments Interface (UPI)?

(a) Deutsche Bank

(b) Barclays Bank

(c) HSBC

(d) Eurobank

(e) BNP Paribas

 

3) In 2026, the Reserve Bank of India (RBI) imposed a monetary penalty on Mintifi Finserve Private Limited for violation of which norms?

(a) Priority Sector Lending norms

(b) Foreign Exchange Management norms

(c) Know Your Customer (KYC) norms

(d) Digital Lending Guidelines

(e) Asset Classification norms

 

5) In 2026, which fintech company became one of the first cross-border fintech firms to receive in-principle approval as a Payment Service Provider (PSP) at GIFT City’s IFSC?

(a) Skydo

(b) Paytm

(c) Razorpay

(d) Cashfree

(e) Pine Labs


 5) In FY26, what is the maximum amount that a resident individual can remit abroad under the Liberalised Remittance Scheme (LRS)?

(a) USD 100,000

(b) USD 150,000

(c) USD 200,000

(d) USD 250,000

(e) USD 500,000

6) In 2026, what is the name of the new option introduced by PFRDA under the National Pension System (NPS) that follows a lifecycle investment approach?

(a) NPS Secure Plus

(b) Pension Growth Plan

(c) NPS Lifelong Income Scheme

(d) Smart Retirement Fund

(e) RIS Steady

7) In 2026, the 26th meeting of the Central Zonal Council was held in which city of Chhattisgarh?

(a) Raipur

(b) Bilaspur

(c) Durg

(d) Jagdalpur

(e) Bastar

8) As of 2026, which United States official held talks with External Affairs Minister S. Jaishankar ahead of the Quad Foreign Ministers Meeting?

(a) Antony Blinken

(b) Marco Rubio

(c) Lloyd Austin

(d) Jake Sullivan

(e) Pete Hegseth

 

9) In 2026, consider the following statements regarding the Bharat Audyogik Vikas Yojna (BHAVYA) Scheme:

1. The guidelines for the scheme were issued by the Department for Promotion of Industry and Internal Trade (DPIIT).
2. The scheme aims to develop 100 world-class industrial parks across India.
3. The scheme has a total financial outlay of ₹33,660 crore.

Which of the above statements is/are correct?

(a) 1 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) All are correct

(e) 2 only

10) As of 2026, who became the third Indian peacekeeper to receive the United Nations Military Gender Advocate of the Year Award?

(a) Radhika Sen

(b) Abhilasha Barak

(c) Priyanka Sehrawat

(d) Bhawana Kanth

(e) Divya Ajith Kumar

 

11) In 2026, the Sansad Ratna Awards were announced to recognise outstanding performance by whom?

(a) Chief Ministers and Governors

(b) Members of Parliament and Parliamentary Standing Committees

(c) District Collectors and Civil Servants

(d) Judges of the Supreme Court and High Courts

(e) Defence Personnel and Veterans

 

12) As of 2026, who was reappointed by the Reserve Bank of India (RBI) as the Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Bank?

(a) Sandeep Bakhshi

(b) Chanda Kochhar

(c) Sashidhar Jagdishan

(d) Amitabh Chaudhry

(e) Rajesh Gopinathan

 

13) In 2026, the Indian Navy announced plans to acquire how many new warships over the next 3–4 years?

(a) 25

(b) 35

(c) 55

(d) 60

(e) 45

 

14) As of 2026, which ministry launched the PM-AJAY Portal and PM-AJAY Mobile App to strengthen digital governance and improve scheme implementation?

(a) Ministry of Rural Development

(b) Ministry of Panchayati Raj

(c) Ministry of Social Justice and Empowerment

(d) Ministry of Housing and Urban Affairs

(e) Ministry of Electronics and Information Technology

 

15) In 2026, SBI Mutual Fund increased its stake beyond 5% in which private sector bank?

(a) Yes Bank

(b) IDFC FIRST Bank

(c) Bandhan Bank

(d) RBL Bank

(e) Federal Bank

16) As of 2026, India postponed the proposed India–Africa Forum Summit due to the outbreak of which disease in parts of Africa?

(a) Malaria

(b) Ebola virus disease

(c) Cholera

(d) Dengue

(e) Mpox

 

17) In 2026, which organisation launched “Bharat Digital Samvad”, India’s first dedicated national forum on digital sovereignty and infrastructure policy?

(a) Bharath Digital Infrastructure Association

(b) Digital India Corporation

(c) NASSCOM

(d) National Informatics Centre

(e) IndiaAI Mission

18) As of 2026, what is the name of the renewable energy platform launched by British International Investment and Copenhagen Infrastructure Partners for projects in India?

(a) Green Horizon

(b) Solar Bharat Platform

(c) North Star

(d) Clean Energy India Fund

(e) Renewable Grid Mission

 

19) In 2026, the Delhi e-Governance Society signed an MoU with State Bank of India to introduce which integrated electronic payment system on the Delhi Government e-procurement portal?

(a) DigiTender

(b) GovPay Portal

(c) Bharat Tender Connect

(d) SmartProcure

(e) e-Pay

20)  As of 2026, the Department of Posts signed an agreement for Last Mile Parcel Delivery Services with which e-commerce company?

(a) Amazon India

(b) Meesho

(c) Snapdeal

(d) Reliance Retail

(e) Flipkart

21) In 2026, Lionel Messi became only the second footballer in history after whom to cross a net worth of 1 billion United States Dollars?

(a) Neymar Jr.

(b) David Beckham

(c) Cristiano Ronaldo

(d) Kylian Mbappé

(e) Ronaldinho

 

22) In 2026, India’s digital economy is projected to reach what value by 2030, according to the Bharath Digital Infrastructure Association?

(a) USD 500 billion

(b) USD 750 billion

(c) USD 1.5 trillion

(d) USD 1 trillion

(e) USD 2 trillion

 

23) Where is the headquarters of Bandhan Bank located?

(a) Kolkata

(b) Mumbai

(c) Bengaluru

(d) Chennai

(e) Hyderabad

24) In 2026, the slogan “Hum Hai Na, Khayal Apka” is associated with which bank?

(a) HDFC Bank

(b) Axis Bank

(c) ICICI Bank

(d) Kotak Mahindra Bank

(e) IndusInd Bank

 

25) As per the news, the Sansad Ratna Award was instituted by which organisation?

(a) Observer Research Foundation

(b) Prime Point Foundation

(c) India Foundation

(d) NITI Aayog

(e) Press Information Bureau

 

Answers:

1) Answer: B

Short Explanation:

Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, presided over the TEXPROCIL Export Awards 2023–24 ceremony held in Mumbai.

The awards were organised by The Cotton Textiles Export Promotion Council (TEXPROCIL), which is sponsored by the Government of India, to recognise excellence in the cotton textile export sector.

The awards honoured exporters for outstanding performance in exports, as well as contributions in employment generation, innovation, ESG initiatives, and e-commerce excellence.

The Union Finance Minister also launched the Advanced Certificate Program in International Trade (ACPIT) to strengthen India’s export ecosystem.

Detailed Explanation:

Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, presided over the TEXPROCIL Export Awards 2023–24 ceremony held in Mumbai.

The awards were organised by The Cotton Textiles Export Promotion Council (TEXPROCIL), which is sponsored by the Government of India, to recognise excellence in the cotton textile export sector.

The awards honoured exporters for outstanding performance in exports, as well as contributions in employment generation, innovation, ESG initiatives, and e-commerce excellence.

The Union Finance Minister also launched the Advanced Certificate Program in International Trade (ACPIT) to strengthen India’s export ecosystem.

The programme is aligned with various government schemes and policy initiatives aimed at enhancing global trade competitiveness.

The Finance Minister emphasised strengthening the entire textile value chain from farm to fibre, factory, fashion, and foreign markets.

She highlighted India’s textile heritage tracing back to the Sindhu-Saraswati Civilisation, underlining its historical and cultural significance.

India’s vision of Vikit Bharat by 2047 includes achieving USD 100 billion in textile exports and USD 250 billion in textile production by 2030.

India is currently the sixth-largest textile exporter in the world and the second-largest producer of silk.

The textile sector supports nearly 6 crore livelihoods, contributes around 2.3% to GDP, and accounts for about 12% of India’s total exports.

India’s textile exports stood at approximately USD 33.5 billion in 2025–26, highlighting strong sectoral growth.

 

2) Answer: D

Short Explanation:

Eurobank will become the first European bank to enable cross-border remittances from Greece and Cyprus to India through the Unified Payments Interface (UPI).

The UPI-based remittance service has been launched in partnership with the National Payments Corporation of India (NPCI).

The remittance service has already started operations in Greece, while operations in Cyprus are expected to begin soon.

Detailed Explanation:

Eurobank will become the first European bank to enable cross-border remittances from Greece and Cyprus to India through the Unified Payments Interface (UPI).

The UPI-based remittance service has been launched in partnership with the National Payments Corporation of India (NPCI).

The remittance service has already started operations in Greece, while operations in Cyprus are expected to begin soon.

The initiative aims to provide faster, cheaper, and seamless digital money transfers for Indians residing in Greece and Cyprus who send remittances to India.

Eurobank also announced the opening of its first representative office in India to strengthen financial connectivity.

The move reflects Eurobank’s strategy to expand financial and trade relations between Europe and India.

Eurobank has total assets of nearly 110 billion Euros.

The bank currently operates in countries including Cyprus, Bulgaria, and Luxembourg.

3) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) imposed a monetary penalty of ₹3.10 lakh on Mintifi Finserve Private Limited.

The penalty was imposed for non-compliance with RBI directions related to ‘Know Your Customer (KYC)’ norms.

RBI imposed the penalty under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The statutory inspection of the company was conducted by RBI with reference to its financial position as on 31 March 2025.

Detailed Explanation:

The Reserve Bank of India (RBI) imposed a monetary penalty of ₹3.10 lakh on Mintifi Finserve Private Limited.

The penalty was imposed for non-compliance with RBI directions related to ‘Know Your Customer (KYC)’ norms.

RBI imposed the penalty under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.

The statutory inspection of the company was conducted by RBI with reference to its financial position as on 31 March 2025.

Based on the supervisory findings and related correspondence, RBI issued a show-cause notice to the company asking why a penalty should not be imposed.

After reviewing the company’s written reply and oral submissions during the personal hearing, RBI confirmed the regulatory violation.

RBI found that the company failed to upload KYC records of certain customers to the Central KYC Records Registry (CKYCR) within the prescribed timeline.

The penalty was imposed due to deficiencies in regulatory compliance related to customer identification and record maintenance.

 

4) Answer: A

Short Explanation:

Skydo received in-principle approval to operate as a Payment Service Provider (PSP) at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat.

With this approval, Skydo became one of the first cross-border fintech companies to obtain a PSP licence at GIFT City.

Detailed Explanation:

Skydo received in-principle approval to operate as a Payment Service Provider (PSP) at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat.

With this approval, Skydo became one of the first cross-border fintech companies to obtain a PSP licence at GIFT City.

The approval will enable the company to develop advanced capabilities such as multi-currency collections, e-money accounts, and merchant acquisition services.

Skydo also received regulatory approval from the Reserve Bank of India under the Payment Aggregator-Cross Border (PA-CB) framework.

The approval under the PA-CB framework allows the company to support outward international payment flows.

5) Answer: D

Short Explanation:

India’s outward remittances under the Liberalised Remittance Scheme (LRS) declined by 2% in FY26 due to global uncertainty and geopolitical tensions.

According to data released by the Reserve Bank of India (RBI), total outward remittances declined to USD 28.9 billion in FY26 from USD 29.6 billion in FY25.

The sharpest fall was recorded in remittances for overseas education, which declined by more than 20% to USD 2.3 billion from USD 2.9 billion in the previous financial year.

The Liberalised Remittance Scheme (LRS) is an RBI policy that allows all resident individuals, including minors, to remit funds abroad freely.

Under the LRS, individuals can remit up to USD 250,000 per financial year outside India.

Detailed Explanation:

India’s outward remittances under the Liberalised Remittance Scheme (LRS) declined by 2% in FY26 due to global uncertainty and geopolitical tensions.

According to data released by the Reserve Bank of India (RBI), total outward remittances declined to USD 28.9 billion in FY26 from USD 29.6 billion in FY25.

The sharpest fall was recorded in remittances for overseas education, which declined by more than 20% to USD 2.3 billion from USD 2.9 billion in the previous financial year.

The Liberalised Remittance Scheme (LRS) is an RBI policy that allows all resident individuals, including minors, to remit funds abroad freely.

Under the LRS, individuals can remit up to USD 250,000 per financial year outside India.

The remittance facility can be used for permissible current account transactions, capital account transactions, or a combination of both.

Despite the overall decline, remittances for investment in equity and debt increased by 43.68% Year-on-Year (Y-o-Y) to USD 440.22 million.

Remittances for medical treatment abroad also increased by 9.52% Y-o-Y to USD 3.91 million.

6) Answer: E

Short Explanation:

The Pension Fund Regulatory and Development Authority (PFRDA) introduced new Retirement Income Schemes (RIS) and drawdown options under the National Pension System (NPS).

The new framework aims to improve retirement cash flow management and extend the longevity of retirement corpus for subscribers.

Under the revised system, retirees can withdraw their NPS corpus gradually through monthly, quarterly, or annual payouts instead of taking the full lump sum amount at once.

Detailed Explanation:

The Pension Fund Regulatory and Development Authority (PFRDA) introduced new Retirement Income Schemes (RIS) and drawdown options under the National Pension System (NPS).

The new framework aims to improve retirement cash flow management and extend the longevity of retirement corpus for subscribers.

Under the revised system, retirees can withdraw their NPS corpus gradually through monthly, quarterly, or annual payouts instead of taking the full lump sum amount at once.

PFRDA introduced a new option called RIS Steady, which follows a lifecycle investment approach.

Under RIS Steady, the equity exposure will gradually reduce from 35% at the age of 60 to 10% by the age of 75.

The equity allocation will remain at 10% until the age of 85 under the scheme.

Subscribers can continue receiving mandatory annuity pension payouts while also withdrawing money periodically from their lump-sum corpus through the new drawdown facility.

 

7) Answer: E

Short Explanation:

Union Home Minister and Minister of Cooperation Amit Shah chaired the 26th meeting of the Central Zonal Council in Bastar, Chhattisgarh.

The meeting was attended by Vishnu Deo Sai, Mohan Yadav, Yogi Adityanath, and Pushkar Singh Dhami.

The meeting was organised by the Inter-State Council Secretariat under the Ministry of Home Affairs, with the Government of Chhattisgarh as the host.

Amit Shah stated that the meeting in Bastar was significant after achieving the milestone of a Naxal-free India.

Detailed Explanation:

Union Home Minister and Minister of Cooperation Amit Shah chaired the 26th meeting of the Central Zonal Council in Bastar, Chhattisgarh.

The meeting was attended by Vishnu Deo Sai, Mohan Yadav, Yogi Adityanath, and Pushkar Singh Dhami.

The meeting was organised by the Inter-State Council Secretariat under the Ministry of Home Affairs, with the Government of Chhattisgarh as the host.

Amit Shah stated that the meeting in Bastar was significant after achieving the milestone of a Naxal-free India.

He credited security forces, intelligence agencies, Central Armed Police Forces, and state police forces for coordinated action against Naxalism.

He highlighted the “Whole of the Government Approach”, under which Central and state governments worked together to bring development to areas affected by Naxalism.

The Central Zonal Council includes the states of Chhattisgarh, Madhya Pradesh, Uttar Pradesh, and Uttarakhand.

He urged states to implement the 1930 cybercrime helpline in accordance with the Ministry of Home Affairs model.

 

8) Answer: B

Short Explanation:

Marco Rubio, Secretary of State of the United States, held talks with S. Jaishankar during his official visit to India ahead of the Quad Foreign Ministers Meeting.

The discussions reflected the expanding scope of the India–United States Comprehensive Global Strategic Partnership.

Major areas of discussion included artificial intelligence, defence cooperation, trade, energy security, critical minerals, nuclear energy, counter-terrorism, migration concerns, and Indo-Pacific security.

The leaders reviewed the entire spectrum of bilateral relations between India and the United States.

Detailed Explanation:

Marco Rubio, Secretary of State of the United States, held talks with S. Jaishankar during his official visit to India ahead of the Quad Foreign Ministers Meeting.

The discussions reflected the expanding scope of the India–United States Comprehensive Global Strategic Partnership.

Major areas of discussion included artificial intelligence, defence cooperation, trade, energy security, critical minerals, nuclear energy, counter-terrorism, migration concerns, and Indo-Pacific security.

The leaders reviewed the entire spectrum of bilateral relations between India and the United States.

Key focus areas included:

Trade and energy cooperation

Defence and security partnership

Critical minerals collaboration

Artificial intelligence cooperation

Nuclear energy engagement

Counter-terrorism coordination

Counter-narcotics cooperation

People-to-people ties

India raised concerns regarding recent changes in United States immigration policies affecting Indian professionals, students, researchers, and travellers.

The reforms include changes related to Green Card processing, Adjustment of Status applications, and consular visa procedures.

9) Answer: D

Short Explanation:

The Government of India released detailed guidelines for the Bharat Audyogik Vikas Yojna BHAVYA Scheme aimed at developing 100 world-class industrial parks across India.

The guidelines were issued by the Department for Promotion of Industry and Internal Trade. The scheme has a total financial outlay of Rs 33,660 crore.

Detailed Explanation:

The Government of India released detailed guidelines for the Bharat Audyogik Vikas Yojna BHAVYA Scheme aimed at developing 100 world-class industrial parks across India.

The guidelines were issued by the Department for Promotion of Industry and Internal Trade.

The scheme has a total financial outlay of Rs 33,660 crore.

The BHAVYA Scheme is a Central Sector Scheme focused on creating integrated industrial ecosystems to attract domestic and global manufacturers.

The scheme aligns with major national initiatives such as Make in India and Prime Minister Gati Shakti.

Under the scheme, 100 industrial parks will be developed between Financial Year 2026–27 and Financial Year 2031–32.

In the first phase, up to 50 industrial parks will be selected through a competitive challenge-based process.

 

10) Answer: B

Short Explanation:

Abhilasha Barak, serving with the Indian Battalion as Commander of the Female Engagement Team in the United Nations Interim Force in Lebanon, received the 2025 United Nations Military Gender Advocate of the Year Award.

The announcement was made by the Permanent Mission of India to the United Nations on 23 May 2026.

Major Abhilasha Barak is the first woman combat helicopter pilot of the Indian Army.

Detailed Explanation:

Abhilasha Barak, serving with the Indian Battalion as Commander of the Female Engagement Team in the United Nations Interim Force in Lebanon, received the 2025 United Nations Military Gender Advocate of the Year Award.

The announcement was made by the Permanent Mission of India to the United Nations on 23 May 2026.

Major Abhilasha Barak is the first woman combat helicopter pilot of the Indian Army.

She was recognised for her outreach and community engagement activities focused on women and adolescent girls in conflict-affected areas.

She was also honoured for conducting gender sensitisation training for United Nations peacekeepers.

The award was established in 2016 by the Office of Military Affairs under the Department for Peace Operations.

The award recognises military peacekeepers who effectively integrate a gender perspective into peacekeeping operations and promote the principles of United Nations Security Council Resolution 1325 on Women, Peace and Security.

Major Abhilasha Barak became the third Indian peacekeeper to receive the honour.

 

11) Answer: B

Short Explanation:

The Sansad Ratna Awards 2026 were announced to recognise outstanding performance by Members of Parliament and Parliamentary Standing Committees.

This year, the jury selected 10 Lok Sabha Members of Parliament, 2 Rajya Sabha Members of Parliament, and 4 Parliamentary Standing Committees for the awards.

Medha Vishram Kulkarni and Smita Uday Wagh were among the prominent awardees.

Detailed Explanation:

The Sansad Ratna Awards 2026 were announced to recognise outstanding performance by Members of Parliament and Parliamentary Standing Committees.

This year, the jury selected 10 Lok Sabha Members of Parliament, 2 Rajya Sabha Members of Parliament, and 4 Parliamentary Standing Committees for the awards.

Medha Vishram Kulkarni and Smita Uday Wagh were among the prominent awardees.

Smita Uday Wagh received special recognition for continuing parliamentary duties despite undergoing chemotherapy treatment for cancer.

The awards are based on parliamentary performance up to the end of the Budget Session 2026.

Individual award winners include Jagdambika Pal, P. P. Chaudhary, Nishikant Dubey, Shrikant Eknath Shinde, Praveen Patel, Bidyut Baran Mahato, Lumbaram Chaudhary, Hemant Vishnu Savara, Naresh Ganpat Mhaske, and Narhari Amin.

 

12) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) approved the reappointment of Sandeep Bakhshi as Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Bank.

The new tenure of Sandeep Bakhshi will be for two years, starting from 4 October 2026 and ending on 3 October 2028.

The reappointment was earlier approved by the ICICI Bank Board in January 2026, subject to RBI approval.

Detailed Explanation:

The Reserve Bank of India (RBI) approved the reappointment of Sandeep Bakhshi as Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Bank.

The new tenure of Sandeep Bakhshi will be for two years, starting from 4 October 2026 and ending on 3 October 2028.

The reappointment was earlier approved by the ICICI Bank Board in January 2026, subject to RBI approval.

Sandeep Bakhshi has been serving as MD and CEO of ICICI Bank since 2018, leading a major phase of business transformation.

Under his leadership, ICICI Bank strengthened its retail loan portfolio, improved asset quality, and expanded digital banking operations.

13) Answer: E

Short Explanation:

The Indian Navy announced plans to acquire 45 new warships over the next 3–4 years to enhance maritime capability and operational preparedness.

The Navy has received in-principle approval for 195 additional vessels, reflecting India’s long-term strategy for fleet expansion and modernisation.

At present, the Indian Navy operates around 130 ships, and aims to expand its fleet strength to nearly 300 warships by 2035.

Detailed Explanation:

The Indian Navy announced plans to acquire 45 new warships over the next 3–4 years to enhance maritime capability and operational preparedness.

The Navy has received in-principle approval for 195 additional vessels, reflecting India’s long-term strategy for fleet expansion and modernisation.

At present, the Indian Navy operates around 130 ships, and aims to expand its fleet strength to nearly 300 warships by 2035.

The planned expansion supports India’s vision of a stronger blue-water navy and enhanced maritime security presence.

The upcoming fleet will include next-generation warships equipped with advanced surveillance systems, modern combat technologies, and indigenous defence systems under the Aatmanirbhar Bharat initiative.

The Navy currently has 45 ships under construction in India, which will be delivered within the next 3–4 years.

 

14) Answer: C

Short Explanation:

The Ministry of Social Justice and Empowerment launched the PM-AJAY Portal and PM-AJAY Mobile App to strengthen digital governance and improve scheme implementation efficiency.

The portal was launched by Union Minister Dr. Virendra Kumar, in the presence of Minister of State B. L. Verma, Secretary Sudhansh Pant, and senior officials of the department, along with state and UT representatives.

The system aims to ensure seamless coordination among stakeholders, faster service delivery, and greater accountability in beneficiary services.

The platform currently tracks socio-economic development in over 47,000 SC-majority villages and covers more than 4 million beneficiaries across various scheme components.

Detailed Explanation:

The Ministry of Social Justice and Empowerment launched the PM-AJAY Portal and PM-AJAY Mobile App to strengthen digital governance and improve scheme implementation efficiency.

The portal was launched by Union Minister Dr. Virendra Kumar, in the presence of Minister of State B. L. Verma, Secretary Sudhansh Pant, and senior officials of the department, along with state and UT representatives.

The system aims to ensure seamless coordination among stakeholders, faster service delivery, and greater accountability in beneficiary services.

The platform currently tracks socio-economic development in over 47,000 SC-majority villages and covers more than 4 million beneficiaries across various scheme components.

The PM-AJAY portal functions as a central digital database enabling milestone-linked fund flow tracking and real-time monitoring.

Under the Adarsh Gram component, traditional paper-based planning has been replaced with digital village-level planning.

The portal provides national, state, and district-level dashboards to monitor progress across 50 socio-economic indicators and 10 developmental domains.

It enables automatic milestone-based tracking once a Village Development Plan (VDP) is digitally approved.

 

15) Answer: C

SBI Mutual Fund increased its stake in Bandhan Bank beyond 5% of the bank’s paid-up share capital.

According to a regulatory filing, the total shareholding of SBI Mutual Fund under its various schemes reached 5.0432% as on 20 August 2026.

Before the latest acquisition, SBI Mutual Fund held a 4.963% stake in Bandhan Bank.

16) Answer: B

India has postponed the proposed India–Africa Forum Summit due to the ongoing Ebola virus outbreak in parts of Africa, particularly affecting the Democratic Republic of Congo and Uganda.

The decision was taken as a precautionary measure to prevent potential public health risks and ensure the safety of delegates and participants from various countries.

The India–Africa Forum Summit is the highest apex institutional platform for dialogue and cooperation between India and African countries.

The summit was established in 2008 as a key mechanism to strengthen India–Africa relations in areas of trade, development, and strategic partnership.

17) Answer: A

Short Explanation:

The Bharath Digital Infrastructure Association launched “Bharat Digital Samvad” at Shangri-La Eros New Delhi.

The event is India’s first dedicated national forum on digital sovereignty and infrastructure policy.

The summit marked the formal public launch of the Bharath Digital Infrastructure Association as a not-for-profit industry body.

The Bharath Digital Infrastructure Association operates at the intersection of national security, economic value creation, and technological self-reliance.

Detailed Explanation:

The Bharath Digital Infrastructure Association launched “Bharat Digital Samvad” at Shangri-La Eros New Delhi.

The event is India’s first dedicated national forum on digital sovereignty and infrastructure policy.

The summit marked the formal public launch of the Bharath Digital Infrastructure Association as a not-for-profit industry body.

The association is committed to advancing sovereign digital infrastructure across cloud computing, artificial intelligence, cybersecurity, Digital Public Infrastructure, and data platforms.

The forum convened senior leaders from the cloud infrastructure, artificial intelligence, cybersecurity, and data platform sectors.

The Bharath Digital Infrastructure Association operates at the intersection of national security, economic value creation, and technological self-reliance.

The organisation is guided by the principle of “Data Swaraj”, which refers to India’s sovereign right to determine how data is collected, stored, governed, and monetised.

18) Answer: C

Short Explanation:

British International Investment partnered with Copenhagen Infrastructure Partners to launch a 300-million United States Dollar renewable energy platform named “North Star”.

The platform will invest in solar, wind, hybrid, and energy storage projects in India.

Detailed Explanation:

British International Investment partnered with Copenhagen Infrastructure Partners to launch a 300-million United States Dollar renewable energy platform named “North Star”.

The platform will invest in solar, wind, hybrid, and energy storage projects in India.

British International Investment and Copenhagen Infrastructure Partners, through their Growth Markets Fund Two, will each commit up to 150 million United States Dollars for the platform.

The initiative aims to address the funding gap required to build and scale renewable energy projects in India.

This marks the first investment under British Climate Partners, a 1.1 billion Pound Sterling climate finance initiative launched by British International Investment in April 2026.

India has set a target of achieving 500 Gigawatts of installed renewable energy capacity by 2030 and net-zero emissions by 2070.

India currently faces a climate financing gap of around 160 billion United States Dollars annually until 2030.

 

19) Answer: E

Short Explanation:

The Delhi e-Governance Society under the Information Technology Department of the Delhi Government signed a Memorandum of Understanding with State Bank of India.

The agreement aims to introduce an integrated electronic payment system called “e-Pay” on the Delhi Government electronic procurement portal.

The initiative is intended to make the government procurement process faster, transparent, efficient, and paperless.

Detailed Explanation:

The Delhi e-Governance Society under the Information Technology Department of the Delhi Government signed a Memorandum of Understanding with State Bank of India.

The agreement aims to introduce an integrated electronic payment system called “e-Pay” on the Delhi Government electronic procurement portal.

The initiative is intended to make the government procurement process faster, transparent, efficient, and paperless.

The system will streamline online tender payments and automate several manual payment processes.

The platform will help reduce delays and improve accountability in government tenders.

A major feature of the system is the integration of Earnest Money Deposit functionality for real-time payment verification.

The new system will eliminate the need for physical demand drafts in tender payments.

The partnership with the State Bank of India will provide secure digital payment support and Management Information System integration across the procurement ecosystem.

 

20) Answer: E

Short Explanation:

The Department of Posts under the Ministry of Communications signed an agreement with Flipkart India Private Limited for Last Mile Parcel Delivery Services.

The agreement aims to strengthen India’s e-commerce logistics ecosystem and improve last mile delivery capabilities across the country.

The agreement was signed in New Delhi by Neeraj Kumar Jha, General Manager of the Parcel Directorate, Department of Posts, and Harvinder Kapur, Director-Commercial of Flipkart India Private Limited.

Detailed Explanation:

The Department of Posts under the Ministry of Communications signed an agreement with Flipkart India Private Limited for Last Mile Parcel Delivery Services.

The agreement aims to strengthen India’s e-commerce logistics ecosystem and improve last mile delivery capabilities across the country.

The agreement was signed in New Delhi by Neeraj Kumar Jha, General Manager of the Parcel Directorate, Department of Posts, and Harvinder Kapur, Director-Commercial of Flipkart India Private Limited.

The partnership will combine the extensive delivery network of the Department of Posts with Flipkart’s presence in India’s e-commerce sector.

Under the agreement, the Department of Posts will provide last mile delivery services for Flipkart shipments across India.

Flipkart will utilise the vast India Post network for parcel deliveries in urban, semi-urban, rural, remote, and underserved regions.

 

21) Answer: C

Short Explanation:

Football legend Lionel Messi officially entered the billionaire club and became only the second footballer in history after Cristiano Ronaldo to cross a net worth of 1 billion United States Dollars.

According to the Bloomberg Billionaires Index, Lionel Messi achieved this milestone through football salaries, bonuses, endorsements, investments, and business ventures.

Detailed Explanation:

Football legend Lionel Messi officially entered the billionaire club and became only the second footballer in history after Cristiano Ronaldo to cross a net worth of 1 billion United States Dollars.

According to the Bloomberg Billionaires Index, Lionel Messi achieved this milestone through football salaries, bonuses, endorsements, investments, and business ventures.

Reports suggest that Lionel Messi has earned more than 700 million United States Dollars in salaries and bonuses since 2007.

His major club earnings came during his time with FC Barcelona, followed by Paris Saint-Germain, and currently with Inter Miami CF in Major League Soccer.

Apart from football, Lionel Messi has built a strong financial portfolio through endorsement deals with global brands, investments, and family-managed business ventures.

 

22) Answer: D

Piyush Somani, President of the Bharath Digital Infrastructure Association, stated that India’s digital economy is projected to reach 1 trillion United States Dollars by 2030.

The headquarters of the Bharath Digital Infrastructure Association is located in New Delhi.

Abhishek Bhatt serves as the Secretary General of the association.

The Bharath Digital Infrastructure Association was established in 2026.

 

23) Answer: A

About Bandhan Bank :

Founded : 23 August 2015

Headquarters : Kolkata, West Bengal.

Managing Director (MD) and Chief Executive Officer (CEO) Partha Pratim Sengupta

 

24) Answer: C

About ICICI Bank :

Headquarters: Mumbai, Maharashtra, India

Founded Year: 1994 (as a bank; ICICI established in 1955)

Slogan: "Hum Hai Na, Khayal Apka"

ICICI Bank is India’s second-largest private sector bank in terms of market capitalisation.

 

25) Answer: B

The Sansad Ratna Award was instituted in 2010 by Chennai-based Prime Point Foundation.

The award was inspired by former President A. P. J. Abdul Kalam, who launched the first award ceremony.