Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 28th 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, the Reserve Bank of India (RBI) introduced a mandatory cooling-off period for directors of Urban Co-operative Banks (UCBs) and Rural Co-operative Banks (RCBs) after completing how many consecutive years on the board?

(a) 5 years

(b) 7 years

(c) 10 years

(d) 12 years

(e) 15 years

2) As of 2026, the Insurance Ombudsman in India can handle insurance-related complaints involving claim amounts up to________

(a) ₹10 lakh

(b) ₹50 lakh

(c) ₹25 lakh

(d) ₹75 lakh

(e) ₹1 crore

3) In 2026, conversational fintech platform Jumpp received Corporate Agency and ISNP licences from which regulatory authority to distribute insurance products digitally?

(a) Securities and Exchange Board of India (SEBI)

(b) Reserve Bank of India (RBI)

(c) Pension Fund Regulatory and Development Authority (PFRDA)

(d) Insurance Regulatory and Development Authority of India (IRDAI)

(e) National Bank for Agriculture and Rural Development (NABARD)

4) As of 2026, what monetary penalty was imposed by the Reserve Bank of India (RBI) on Newa Investments Private Limited for non-compliance with governance norms?

(a) ₹1.25 lakh

(b) ₹2.70 lakh

(c) ₹5 lakh

(d) ₹7.50 lakh

(e) ₹10 lakh

 

5) In 2026, according to the World Bank Group’s “State and Trends of Carbon Pricing 2026” report, how many carbon pricing policies are currently being implemented globally?

(a) 52

(b) 64

(c) 75

(d) 89

(e) 87

 

6) In 2026, Kerala’s first private medical museum established at Ulloor in Thiruvananthapuram is named___________

(a) Museum of Human Biology

(b) Kerala Medical Heritage Centre

(c) Museum of Medical Archives

(d) National Anatomy Museum

(e) Institute of Medical History

 

7) In 2026, the Investors Support Portal launched under the Semicon India Programme was developed as what type of platform for semiconductor investors?

(a) Single-window facilitation platform

(b) Research funding platform

(c) Export promotion platform

(d) Digital payment platform

(e) Skill development platform

8) In 2026, the Investors Support Portal launched under the Semicon India Programme was developed as what type of platform for semiconductor investors?

(a) Single-window facilitation platform

(b) Research funding platform

(c) Export promotion platform

(d) Digital payment platform

(e) Skill development platform

 

9) In 2026, India discovered a new natural gas-bearing zone in the Dandewala field located in which state?

(a) Gujarat

(b) Assam

(c) Rajasthan

(d) Odisha

(e) Andhra Pradesh

 

10) In 2026, which traditional tribal artwork from Madhya Pradesh was gifted by Prime Minister Narendra Modi to Victoria, Crown Princess of Sweden?

(a) Madhubani painting

(b) Pattachitra painting

(c) Warli painting

(d) Gond painting

(e) Kalamkari art

 

11) In 2026, Adani Green Energy Limited commissioned the world’s largest single-location Battery Energy Storage System outside China at which place in Gujarat?

(a) Khavda

(b) Jamnagar

(c) Mundra

(d) Kandla

(e) Bhavnagar

 

12) In 2026, who was appointed as the Part-Time Chairman of the Board of Directors of Federal Bank Limited with the approval of the Reserve Bank of India (RBI)?

(a) Shaktikanta Das

(b) Elias George

(c) Rajeev Jain

(d) N. S. Vishwanathan

(e) K. V. Kamath

 

13) In 2026, the Financial Services Institutions Bureau (FSIB) recommended whom for the post of Deputy Managing Director (DMD) of India Infrastructure Finance Company Limited (IIFCL)?

(a) Rajesh Kumar

(b) T. D. Sivakumar

(c) Deepak Mohanty

(d) Sanjay Malhotra

(e) Ajay Seth

 

14) In 2026, who became the first astronaut from Hong Kong to participate in a Chinese space mission under the Shenzhou-23 mission?

(a) Zhu Yangzhu

(b) Zhang Zhiyuan

(c) Li Jiaying

(d) Wang Yaping

(e) Liu Yang

 

15) In 2026, which Central Armed Police Force (CAPF) successfully completed its first-ever all-women international mountaineering expedition to Mount Everest?

(a) Central Reserve Police Force (CRPF)

(b) Border Security Force (BSF)

(c) Central Industrial Security Force (CISF)

(d) Indo-Tibetan Border Police Force (ITBP)

(e) Sashastra Seema Bal (SSB)

16) In 2026, LIC increased its shareholding in Central Bank of India to what percentage through open market purchases?

(a) 4.25%

(b) 5.10%

(c) 8.00%

(d) 7.50%

(e) 6.06%

 

17) In 2026, which bank was in the final stages of acquiring ManiBhavnam Home Finance in a deal valued at around ₹109 crore?

(a) AU Small Finance Bank

(b) Equitas Small Finance Bank

(c) Ujjivan Small Finance Bank

(d) ESAF Small Finance Bank

(e) Shivalik Small Finance Bank

 

18) In 2026, Adani Power signed agreements to acquire a 24% stake in Jaiprakash Power Ventures Limited (JPVL) from which company?

(a) Reliance Power

(b) NTPC Limited

(c) Jaiprakash Associates Limited

(d) Tata Power

(e) JSW Energy

 

19) In 2026, India decided to strengthen economic relations and work towards finalising the Comprehensive Economic Partnership Agreement (CEPA) with which country?

(a) Australia

(b) Germany

(c) France

(d) Canada

(e) Japan

20) In 2026, Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan launched which book based on his experiences with Prime Minister Narendra Modi?

(a) Modi: A Vision for India

(b) Apnapan: Narendra Modi Sang Mere Anubhav

(c) Safar with Narendra Modi

(d) Leadership and Nation Building

(e) Bharat@2047

 

21) As of 2026, International Day of Action for Women’s Health is observed every year on_______

(a) 8 March

(b) 7 April

(c) 15 May

(d) 28 May

(e) 21 June

 

22) In 2026, which state became the first in India to create a separate Artificial Intelligence (AI) portfolio at the cabinet level?

(a) Kerala

(b) Tamil Nadu

(c) Maharashtra

(d) Karnataka

(e) Telangana

 

23) In which year was the International Day of Yoga officially adopted by the United Nations following a proposal by Prime Minister Narendra Modi?

(a) 2012

(b) 2013

(c) 2014

(d) 2015

(e) 2016

24) In 2026, India’s first privately manufactured military aircraft, the Airbus C-295, is being produced at the Tata-Airbus facility located in which city?

(a) Pune

(b) Bengaluru

(c) Hyderabad

(d) Vadodara

(e) Nagpur

 

25) In 2026, “Your Perfect Banking Partner” is the tagline of which bank?

(a) South Indian Bank

(b) Federal Bank

(c) Karnataka Bank

(d) City Union Bank

(e) Dhanlaxmi Bank

Answers:

1) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) issued final amendment directions for Urban Co-operative Banks (UCBs) and Rural Co-operative Banks (RCBs) to strengthen governance standards in the cooperative banking sector.

The amended rules introduce a mandatory three-year cooling-off period for directors who complete 10 consecutive years on the board of a co-operative bank.

The new directions came into effect immediately after notification by the RBI

Detailed Explanation:

The Reserve Bank of India (RBI) issued final amendment directions for Urban Co-operative Banks (UCBs) and Rural Co-operative Banks (RCBs) to strengthen governance standards in the cooperative banking sector.

The amended rules introduce a mandatory three-year cooling-off period for directors who complete 10 consecutive years on the board of a co-operative bank.

The new directions came into effect immediately after notification by the RBI.

The amendment aims to prevent directors from circumventing tenure limits by temporarily resigning and later getting re-elected or co-opted onto the same board.

Under the revised framework, directors completing 10 continuous years must step down for three years before becoming eligible again.

During the cooling-off period, such individuals cannot hold any position of authority or influence on the bank’s board, though they may continue as customers or ordinary members.

The reforms were introduced through the Reserve Bank of India (Urban Cooperative Banks – Governance) Amendment Directions, 2026 and the Reserve Bank of India (Rural Cooperative Banks – Governance) Amendment Directions, 2026.

2) Answer: B

Short Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) reported that the Insurance Ombudsman resolved 41,055 grievances during FY 2025–26.

Around 79% of the decisions were delivered in favour of policyholders, indicating strong consumer-oriented dispute resolution outcomes.

The Insurance Ombudsman can handle complaints where the claim amount does not exceed ₹50 lakh under an insurance policy.

The system aims to provide cost-free and faster dispute resolution for insurance-related grievances.

Detailed Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) reported that the Insurance Ombudsman resolved 41,055 grievances during FY 2025–26.

Around 79% of the decisions were delivered in favour of policyholders, indicating strong consumer-oriented dispute resolution outcomes.

The data was presented by IRDAI during an orientation programme for Insurance Ombudsmen.

The Office of Insurance Ombudsman functions under the administrative control of the Council for Insurance Ombudsmen (CIO), constituted under the Insurance Ombudsman Rules, 2017.

The Insurance Ombudsman system has established 18 centres across India, including major cities such as Ahmedabad, Bengaluru, Chennai, Delhi, Kolkata, Mumbai, Hyderabad, Patna, and Thane, ensuring nationwide grievance redressal coverage.

The Insurance Ombudsman can handle complaints where the claim amount does not exceed ₹50 lakh under an insurance policy.

The system aims to provide cost-free and faster dispute resolution for insurance-related grievances.

 

3) Answer: D

Short Explanation:

Conversational fintech platform Jumpp, operated by Finvasia Group, received Corporate Agency and Insurance Self Network Platform (ISNP) licences from the Insurance Regulatory and Development Authority of India (IRDAI).

The approvals allow Jumpp to distribute insurance products digitally through its Artificial Intelligence (AI)-powered platform.

With the IRDAI approval, Jumpp entered the insurance distribution segment and expanded its financial services beyond investments.

Detailed Explanation:

Conversational fintech platform Jumpp, operated by Finvasia Group, received Corporate Agency and Insurance Self Network Platform (ISNP) licences from the Insurance Regulatory and Development Authority of India (IRDAI).

The approvals allow Jumpp to distribute insurance products digitally through its Artificial Intelligence (AI)-powered platform.

With the IRDAI approval, Jumpp entered the insurance distribution segment and expanded its financial services beyond investments.

The platform plans to offer health, life, motor, business, and home insurance products.

Insurance services will be provided through partnerships with various insurance companies.

Jumpp is developing a fully digital platform for policy discovery, purchase, and management.

The platform uses AI-based personalised financial and insurance recommendations to enhance customer experience.

 

4) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) imposed a monetary penalty of ₹2.70 lakh on Newa Investments Private Limited.

The penalty was imposed for non-compliance with RBI directions related to ‘Governance’ 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 with reference to its financial position as on 31 March 2025.

Detailed Explanation:

The Reserve Bank of India (RBI) imposed a monetary penalty of ₹2.70 lakh on Newa Investments Private Limited.

The penalty was imposed for non-compliance with RBI directions related to ‘Governance’ 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 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.

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 obtain prior written permission from RBI before appointing directors.

 

5) Answer: E

Short Explanation:

The World Bank Group released the 13th edition of the report titled “State and Trends of Carbon Pricing 2026”.

The report identified India among the world’s largest new carbon markets following the launch of its Carbon Credit Trading Scheme (CCTS) in 2026.

According to the report, global carbon pricing systems currently cover 29% of greenhouse gas (GHG) emissions.

The report noted that currently 87 carbon pricing policies are being implemented globally.

Detailed Explanation:

The World Bank Group released the 13th edition of the report titled “State and Trends of Carbon Pricing 2026”.

The report identified India among the world’s largest new carbon markets following the launch of its Carbon Credit Trading Scheme (CCTS) in 2026.

According to the report, global carbon pricing systems currently cover 29% of greenhouse gas (GHG) emissions.

The report highlighted that annual revenues from emissions trading systems and carbon taxes have tripled over the last decade.

Revenues increased from less than USD 30 billion in 2016 to over USD 107 billion in 2025.

The report stated that global direct carbon prices increased by 7% compared to the previous year’s report.

Average global carbon prices nearly doubled over the last 10 years, rising from USD 10 per tCO2e in 2016 to nearly USD 21 per tCO2e in 2026.

The report noted that currently 87 carbon pricing policies are being implemented globally.

6) Answer: C

Short Explanation:

Kerala has established its first private medical museum, named the Museum of Medical Archives, at Ulloor in Thiruvananthapuram.

The museum focuses on human anatomy, medical history, and biological education through interactive scientific exhibits and handcrafted anatomical models.

The museum was founded by A. Sivaraman, a former artist-modeler at the Government Medical College, Thiruvananthapuram.

Detailed Explanation:

Kerala has established its first private medical museum, named the Museum of Medical Archives, at Ulloor in Thiruvananthapuram.

The museum focuses on human anatomy, medical history, and biological education through interactive scientific exhibits and handcrafted anatomical models.

The museum was founded by A. Sivaraman, a former artist-modeler at the Government Medical College, Thiruvananthapuram.

Over several decades, he developed numerous anatomical teaching aids and scientific models used in medical education.

The museum reflects his vision of making medical science easier to understand and accessible to the general public beyond classrooms and academic institutions.

The Museum of Medical Archives is unique because it is entirely dedicated to medical science and biological learning.

 

7) Answer: A

Short Explanation:

The India Semiconductor Mission has launched the Investors Support Portal under the Ministry of Electronics and Information Technology to strengthen India’s semiconductor manufacturing ecosystem and improve investor facilitation under the Semicon India Programme.

The portal has been developed as a single-window facilitation platform for semiconductor investors and ecosystem participants.

Detailed Explanation:

The India Semiconductor Mission has launched the Investors Support Portal under the Ministry of Electronics and Information Technology to strengthen India’s semiconductor manufacturing ecosystem and improve investor facilitation under the Semicon India Programme.

The portal has been developed as a single-window facilitation platform for semiconductor investors and ecosystem participants.

It aims to simplify investor engagement by providing centralized access to government schemes, policy guidelines, regulatory requirements, approved semiconductor projects, and investor support services.

A major objective of the portal is to strengthen investor confidence in India’s growing semiconductor sector by ensuring faster communication, structured coordination, and easier access to information related to semiconductor manufacturing and design projects.

One of the key features of the platform is its grievance resolution mechanism, which allows investors to directly register concerns, operational challenges, or project-related issues.

8) Answer: E

Short Explanation:

The UNESCO World Heritage temples at Khajuraho Group of Monuments will host Yoga Mahotsav 2026, marking the important 25-day countdown to the International Day of Yoga (IDY) 2026.

The event is being organised by the Morarji Desai National Institute of Yoga under the Ministry of Ayush and aims to combine India’s ancient cultural heritage with its global wellness diplomacy initiatives.

Detailed Explanation:

The UNESCO World Heritage temples at Khajuraho Group of Monuments will host Yoga Mahotsav 2026, marking the important 25-day countdown to the International Day of Yoga (IDY) 2026.

The event is being organised by the Morarji Desai National Institute of Yoga under the Ministry of Ayush and aims to combine India’s ancient cultural heritage with its global wellness diplomacy initiatives.

Yoga Mahotsav is an annual outreach programme conducted before the International Day of Yoga celebrations observed every year on 21 June.

The initiative is designed to increase public awareness about yoga, encourage mass participation, promote holistic health, and expand yoga outreach across both India and the international community.

Through this programme, the government seeks to strengthen yoga’s role as a preventive healthcare and wellness practice.

Khajuraho was chosen as the venue because of its immense cultural, historical, and spiritual significance.

 

9) Answer: C

Short Explanation:

India has discovered a new natural gas-bearing zone in the Dandewala field located in Rajasthan.

The discovery was made by Oil India Limited, which is one of India’s leading public sector oil and gas exploration companies.

This discovery is considered an important step towards strengthening India’s domestic energy production.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced that natural gas was successfully unlocked from the Sanu Formation, a shallower geological layer in the Dandewala field.

Detailed Explanation:

India has discovered a new natural gas-bearing zone in the Dandewala field located in Rajasthan.

The discovery was made by Oil India Limited, which is one of India’s leading public sector oil and gas exploration companies.

This discovery is considered an important step towards strengthening India’s domestic energy production.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced that natural gas was successfully unlocked from the Sanu Formation, a shallower geological layer in the Dandewala field.

The discovery is important because it expands the hydrocarbon potential of the region and opens new opportunities for domestic natural gas extraction.

The Dandewala field is situated in the Rajasthan sedimentary basin, which is one of India’s major onshore hydrocarbon-producing regions.

At present, the country imports more than 85% of its crude oil requirement and around 50% of its natural gas demand. Such high dependence increases vulnerability to global crude oil price fluctuations, geopolitical tensions, supply disruptions, and rising import bills.

Increased domestic gas production from discoveries like Dandewala can help improve India’s energy security by reducing reliance on imports.

 

10) Answer: D

Short Explanation:

Prime Minister Narendra Modi showcased India’s tribal heritage and indigenous craftsmanship through diplomatic gifts presented to global leaders during his recent foreign visits.

The initiative reflects India’s broader cultural diplomacy strategy focused on promoting traditional knowledge, regional identity, and indigenous craftsmanship at the global level.

One of the notable gifts was a traditional Gond painting from Madhya Pradesh presented to Victoria, Crown Princess of Sweden.

Detailed Explanation:

Prime Minister Narendra Modi showcased India’s tribal heritage and indigenous craftsmanship through diplomatic gifts presented to global leaders during his recent foreign visits.

The initiative reflects India’s broader cultural diplomacy strategy focused on promoting traditional knowledge, regional identity, and indigenous craftsmanship at the global level.

One of the notable gifts was a traditional Gond painting from Madhya Pradesh presented to Victoria, Crown Princess of Sweden.

Gond art originates from the Gond tribal community, one of India’s largest indigenous communities, and is known for preserving tribal storytelling traditions and supporting local livelihoods.

Prime Minister Giorgia Meloni received two traditional textile gifts representing Northeast India:

A Muga Silk stole from Assam

A Shirui Lily-inspired stole from Manipur

Muga Silk is one of India’s most prestigious traditional textiles and has received Geographical Indication tag recognition.

The Shirui Lily stole was crafted by the Tangkhul Naga community of Manipur and inspired by the rare Shirui Lily, which is the state flower of Manipur.

Prime Minister Modi also gifted Black Rice (Chak-Hao) from Manipur to the Queen Mother of the United Arab Emirates.

11) Answer: A

Short Explanation:

Adani Green Energy Limited commissioned a 3.37 Gigawatt-hour Battery Energy Storage System at Khavda, Gujarat.

The project is described as the world’s largest single-location battery storage deployment outside China.

The Battery Energy Storage System aims to strengthen India’s renewable energy infrastructure by improving grid reliability and supporting stable power supply.

Detailed Explanation:

Adani Green Energy Limited commissioned a 3.37 Gigawatt-hour Battery Energy Storage System at Khavda, Gujarat.

The project is described as the world’s largest single-location battery storage deployment outside China.

The Battery Energy Storage System aims to strengthen India’s renewable energy infrastructure by improving grid reliability and supporting stable power supply.

Out of the total 3.37 Gigawatt-hour capacity, 1.37 Gigawatt-hour was added in March 2026, and the project was completed within 10 months of construction, making it one of the fastest utility-scale battery deployments globally.

A Battery Energy Storage System stores surplus electricity generated from renewable energy sources such as solar and wind power and supplies it during periods of high demand or low generation.

 

12) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) approved the appointment of former IAS officer Elias George as the Part-Time Chairman of the Board of Directors of Federal Bank Limited.

The appointment became effective from May 23, 2026, for a three-year tenure.

Detailed Explanation:

The Reserve Bank of India (RBI) approved the appointment of former IAS officer Elias George as the Part-Time Chairman of the Board of Directors of Federal Bank Limited.

The appointment became effective from May 23, 2026, for a three-year tenure.

Elias George is a 1982-batch Indian Administrative Service (IAS) officer with more than 35 years of experience in public administration, infrastructure financing, and public utility management.

Before becoming Chairman, he had been serving as an Independent Director on the board of Federal Bank since September 2023.

13) Answer: B

Short Explanation:

The Financial Services Institutions Bureau (FSIB) has recommended T. D. Sivakumar for the post of Deputy Managing Director (DMD) of India Infrastructure Finance Company Limited (IIFCL).

The recommendation was made after interface evaluations conducted on 20–21 May 2026, assessing nine eligible candidates for the senior leadership role.

Detailed Explanation:

The Financial Services Institutions Bureau (FSIB) has recommended T. D. Sivakumar for the post of Deputy Managing Director (DMD) of India Infrastructure Finance Company Limited (IIFCL).

The recommendation was made after interface evaluations conducted on 20–21 May 2026, assessing nine eligible candidates for the senior leadership role.

The selection process considered performance during interviews, professional experience, and other eligibility parameters under a merit-based evaluation framework.

According to FSIB, T. D. Sivakumar demonstrated the most suitable profile for the position of DMD at IIFCL.

He is currently serving as Chief General Manager at the Export-Import Bank of India (India Exim Bank).

 

14) Answer: C

Short Explanation:

China launched the Shenzhou-23 spacecraft carrying three astronauts to the Tiangong Space Station for scientific research and orbital operations.

The mission marks China’s first space mission expected to support a year-long human stay in orbit.

The spacecraft was launched aboard the Long March-2F Y23 carrier rocket from the Jiuquan Satellite Launch Center in northwestern China.

The three-member crew includes Zhu Yangzhu, the mission commander and space engineer.

Detailed Explanation:

China launched the Shenzhou-23 spacecraft carrying three astronauts to the Tiangong Space Station for scientific research and orbital operations.

The mission marks China’s first space mission expected to support a year-long human stay in orbit.

The spacecraft was launched aboard the Long March-2F Y23 carrier rocket from the Jiuquan Satellite Launch Center in northwestern China.

The three-member crew includes Zhu Yangzhu, the mission commander and space engineer.

The crew also includes Zhang Zhiyuan, a pilot and former Air Force officer.

Li Jiaying serves as the payload specialist and became the first astronaut from Hong Kong to participate in a Chinese space mission.

The Shenzhou-23 mission will conduct more than 100 scientific experiments related to space life science, aerospace medicine, materials science, and microgravity physics.

 

15) Answer: D

Short Explanation:

The Indo-Tibetan Border Police Force (ITBP) successfully completed its first-ever all-women international mountaineering expedition to Mount Everest, the world’s highest peak.

The 14-member ITBP team summited the 8,848 metre (m) Mount Everest via the South Col Route from Nepal.

The ITBP expedition team consisted of 11 women climbers and 3 technical/support members.

The climbers faced extreme challenges in the “Death Zone” above 8,000 m, including extreme weather, low oxygen levels, and difficult ice-wall sections.

Detailed Explanation:

The Indo-Tibetan Border Police Force (ITBP) successfully completed its first-ever all-women international mountaineering expedition to Mount Everest, the world’s highest peak.

The 14-member ITBP team summited the 8,848 metre (m) Mount Everest via the South Col Route from Nepal.

The ITBP expedition team consisted of 11 women climbers and 3 technical/support members.

The climbers faced extreme challenges in the “Death Zone” above 8,000 m, including extreme weather, low oxygen levels, and difficult ice-wall sections.

The Border Security Force (BSF), a Central Armed Police Force (CAPF) under the Ministry of Home Affairs (MHA), also successfully scaled Mount Everest through its first all-women expedition named ‘Mission Vande Mataram’.

The BSF Everest expedition was organised as part of the Diamond Jubilee celebrations (60 years of service) of the force.

The BSF all-women team included Kouser Fatima (Ladakh), Munmun Ghosh (West Bengal), Rabeka Singh (Uttarakhand), and Tsering Chorol (Kargil, Ladakh).

The BSF women constables successfully reached the summit despite harsh climatic conditions and low oxygen availability.

16) Answer: E

Short Explanation:

Life Insurance Corporation of India (LIC) acquired 26.26 crore equity shares of Central Bank of India through open market purchases.

The acquisition increased LIC’s shareholding in Central Bank of India from 3.16% to 6.06%, representing an additional 2.901% stake.

The transaction highlights LIC’s growing investment exposure in the public sector banking sector and reflects confidence in the bank’s future growth prospects.

Detailed Explanation:

Life Insurance Corporation of India (LIC) acquired 26.26 crore equity shares of Central Bank of India through open market purchases.

The acquisition increased LIC’s shareholding in Central Bank of India from 3.16% to 6.06%, representing an additional 2.901% stake.

The transaction highlights LIC’s growing investment exposure in the public sector banking sector and reflects confidence in the bank’s future growth prospects.

The Government of India exercised the full oversubscription (greenshoe) option in the bank’s Offer for Sale (OFS).

As a result, the total OFS size increased from 36.20 crore shares (4%) to 72.41 crore shares (8%) of the bank’s paid-up capital.

The OFS process was managed by the Department of Financial Services (DFS) under the Ministry of Finance as part of the government’s disinvestment programme.

About Life Insurance Corporation of India (LIC):

Headquarters (HQ): Mumbai, Maharashtra, India

Founded: 1956

About Central Bank of India :

Founded : 21 December 1911

Headquarters : Mumbai, Maharashtra, India

MD & CEO : Kalyan Kumar

 

17) Answer: E

Short Explanation:

Shivalik Small Finance Bank is in the final stages of acquiring ManiBhavnam Home Finance in a deal valued at around ₹109 crore.

The acquisition has already received approval from the Reserve Bank of India (RBI), while clearance from the Registrar of Companies (RoC) is still awaited.

The main objective of the acquisition is to strengthen Shivalik Small Finance Bank's presence in the affordable housing finance segment.

Detailed Explanation:

Shivalik Small Finance Bank is in the final stages of acquiring ManiBhavnam Home Finance in a deal valued at around ₹109 crore.

The acquisition has already received approval from the Reserve Bank of India (RBI), while clearance from the Registrar of Companies (RoC) is still awaited.

The main objective of the acquisition is to strengthen Shivalik Small Finance Bank's presence in the affordable housing finance segment.

The deal will also help the bank expand its secured lending business in North India.

Shivalik Small Finance Bank is backed by Sumitomo Mitsui Banking Corporation, Japan’s largest lender.

 

18) Answer: C

Short Explanation:

Adani Power has signed definitive agreements with Jaiprakash Associates Limited (JAL) to acquire a 24% stake in Jaiprakash Power Ventures Limited (JPVL) along with the 180 MW Churk thermal power plant in Uttar Pradesh.

The acquisition is part of an NCLT-approved resolution plan under the insolvency process for debt-ridden Jaiprakash Associates Limited.

Adani Power will acquire JAL’s 24% stake in JPVL for approximately ₹2,993.6 crore through a Share Purchase Agreement (SPA).

Detailed Explanation:

Adani Power has signed definitive agreements with Jaiprakash Associates Limited (JAL) to acquire a 24% stake in Jaiprakash Power Ventures Limited (JPVL) along with the 180 MW Churk thermal power plant in Uttar Pradesh.

The acquisition is part of an NCLT-approved resolution plan under the insolvency process for debt-ridden Jaiprakash Associates Limited.

Adani Power will acquire JAL’s 24% stake in JPVL for approximately ₹2,993.6 crore through a Share Purchase Agreement (SPA).

The company will also acquire the 180 MW Churk thermal power plant and related assets, including an 11.49% stake in Prayagraj Power Generation Company Ltd, for ₹1,200 crore.

Jaiprakash Power Ventures Limited (JPVL) operates thermal and hydro power assets with a combined capacity of 2,220 MW

 

19) Answer: D

Short Explanation:

India and Canada have decided to strengthen economic relations with the aim of finalising the Comprehensive Economic Partnership Agreement, a broad-based Free Trade Agreement, by the end of 2026.

Piyush Goyal, during his official visit to Ottawa, stated that both countries are working to conclude the negotiations at the earliest possible time.

The third round of negotiations is being held from 25 May to 29 May 2026 after the successful completion of two earlier rounds.

The agreement is expected to improve market access, reduce trade barriers, and increase investment flows between the two countries.

Detailed Explanation:

India and Canada have decided to strengthen economic relations with the aim of finalising the Comprehensive Economic Partnership Agreement, a broad-based Free Trade Agreement, by the end of 2026.

Piyush Goyal, during his official visit to Ottawa, stated that both countries are working to conclude the negotiations at the earliest possible time.

The third round of negotiations is being held from 25 May to 29 May 2026 after the successful completion of two earlier rounds.

The agreement is expected to improve market access, reduce trade barriers, and increase investment flows between the two countries.

Major sectors likely to benefit include energy, agri-food, technology, education, pharmaceuticals, manufacturing, and services trade.

India and Canada have also set an ambitious target to increase bilateral trade from the current 17 billion United States Dollars to 50 billion United States Dollars by 2030, reflecting strong confidence in the future potential of the partnership.

India currently exports pharmaceuticals, iron and steel, seafood, cotton garments, chemicals, and electronic goods to Canada, while Canada exports pulses, coal, fertilisers, petroleum crude, pearls, semi-precious stones, and paper products to India.

 

20) Answer: B

Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan launched his new book “Apnapan: Narendra Modi Sang Mere Anubhav” in New Delhi.

The book was formally released by former Vice President M. Venkaiah Naidu and former Prime Minister H. D. Deve Gowda.

The book is based on Shivraj Singh Chouhan’s decades-long political association and experiences with Prime Minister Narendra Modi.

 

21) Answer: D

International Day of Action for Women’s Health is observed every year on 28 May to raise awareness about women’s health issues and promote their overall well-being, especially in the areas of Sexual and Reproductive Health and Rights (SRHR).

The Women’s Global Network for Reproductive Rights (WGNRR) was established in 1984 and played a major role in organising and promoting the International Day of Action for Women’s Health globally.

The day was first officially recognised in 1987 during a women’s health meeting held in South Africa.

22) Answer: A

Kerala become the first Indian state to create a Artificial Intelligence (AI) portfolio at the cabinet level and formally assign AI as a separate administrative identity in government. This decision was announced by the UDF government and this portfolio assigned to senior leader PK Kunhalikutty.

23) Answer: C

The International Day of Yoga was officially adopted by the United Nations in 2014 following a proposal put forward by Prime Minister Narendra Modi.

Since then, the observance has become one of India’s most significant global cultural and wellness initiatives, promoting physical fitness, mental well-being, holistic health, preventive healthcare, and international wellness awareness.

 

24) Answer: D

India’s first privately manufactured military aircraft, the Airbus C-295 closer to final rollout from Tata-Airbus facility in Vadodara, Gujarat. This landmark moment represents the major breakthrough for the country’s self-reliance ambitions and redefine the India’s aerospace manufacturing ecosystem

25) Answer: B

About Federal Bank:

Founded: 1931

Headquarters: Aluva, Kerala, India

Managing Director & CEO: KVS Manian

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