Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 29th & 30th March 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) Which of the following statements best describes the purpose of the Legal Entity Identifier (LEI) under the RBI’s Master Direction – Unique Identifiers in Financial Markets, 2026?

(a) It is a code used only for identifying individual retail customers in banking transactions

(b) It is a 20-character alphanumeric code used to uniquely identify entities participating in financial transactions

(c) It is a reference number assigned only to derivative transactions for lifecycle tracking

(d) It is mandatory only for domestic transactions below USD 1 million

(e) It is used exclusively for tax compliance purposes

 

2) What is the core theme of the RBI’s Payments Vision 2028?

(a) E-Payments for Everyone, Everywhere, Every time

(b) Digital India Payments Revolution

(c) Shaping India’s Payment Frontier

(d) Inclusive Growth through Digital Banking

(e) Transforming Global Payment Systems

3) Which of the following insurance segments remained the cornerstone of growth for Oriental Insurance Company Limited (OICL) crossed ₹20,000 crore in FY 2025–26?

(a) Health Insurance

(b) Fire Insurance

(c) Drone Insurance

(d) Motor Insurance

(e) Event Insurance

4) As of 2026, the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI) was introduced by which organisation?

(a) Central Board of Indirect Taxes and Customs (CBIC)

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

(c) Reserve Bank of India (RBI)

(d) Ministry of Corporate Affairs (MCA)

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

5) Under India’s Flexible Inflation Targeting (FIT) framework, the Government of India has retained the inflation target at what percentage for the period April 1, 2026 to March 31, 2031?

(a) 2%

(b) 4%

(c) 5%

(d) 6%

(e) 8%

6) According to the OECD (Organisation for Economic Co-operation and Development) Economic Outlook, Interim Report – March 2026, what is the projected GDP growth rate of India for FY 2026–27?

(a) 5.8%

(b) 6.0%

(c) 6.1%

(d) 6.4%

(e) 7.6%

7) Which company recently received approval from SEBI to commence its Mutual Fund business in India?

(a) Lakshya Asset Management Company

(b) ICICI Prudential Asset Management Company

(c) HDFC Asset Management Company

(d) SBI Funds Management Company

(e) Aditya Birla Sun Life Asset Management Company

8) Which of the following ports have been identified as India’s first Ports of Refuge (PoR)?

(a) Mundra Port and Paradip Port

(b) Dighi Port and Gopalpur Port

(c) Kandla Port and Chennai Port

(d) Cochin Port and Visakhapatnam Port

(e) Mumbai Port and Haldia Port

9) Which of the following statements about the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE Scheme) is incorrect?

(a) The scheme has been extended till 31st March 2028

(b) It has a financial outlay of ₹10,900 crore

(c) It prioritises incentives for electric two-wheelers over three-wheelers

(d) It is implemented by the Ministry of Heavy Industries

(e) Incentives for electric two-wheelers are available only till 31st July 2026

10) Consider the following statements regarding Maternal Mortality in India:

1. India’s Maternal Mortality Ratio (MMR) was estimated at 116 per 1 lakh live births by a global study published in The Lancet.
2. According to India’s Sample Registration System (SRS) 2021–23, the MMR stands at 88 per 1 lakh live births.
3. Maternal Mortality Ratio (MMR) refers to the number of infant deaths per 1 lakh live births.

Which of the statements given above is/are correct?

(a) 1 and 2 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

(e) 3 only

11) Who chaired the Supreme Court-appointed panel that recommended withdrawal of the Transgender Persons (Protection of Rights) Amendment Bill, 2026?

(a) Justice D.Y. Chandrachud

(b) Justice Indu Malhotra

(c) Asha Menon

(d) Ranjana Prakash Desai

(e) Leila Seth

 

12) In news, the Prime Minister of India, will attend the G7 Summit 2026, scheduled to be held from 15th to 17th June 2026 in France. Which of the following countries is NOT a member of the G7 group?

(a) United States

(b) Japan

(c) Germany

(d) India

(e) Canada


13) Which institution has launched the Krishnamurthy Tandon School of Artificial Intelligence?

(a) IIT Delhi

(b) IIM Bangalore

(c) IISc Bengaluru

(d) IIT Bombay

(e) IIM Ahmedabad

14) As of 2026, India is set to join which of the following countries that already operate hydrogen-powered trains?

(a) USA, UK and France

(b) Germany, Japan and China

(c) Russia, Italy and Spain

(d) Canada, Brazil and Mexico

(e) South Korea, Australia and Indonesia

15) In 2026, the Ramnath Goenka Excellence in Journalism Awards 2026 recognised 24 journalists across 19 categories. Who presented the Ramnath Goenka Excellence in Journalism Awards 2026?

(a) C. P. Radhakrishnan

(b) Narendra Modi

(c) Droupadi Murmu

(d) Jagdeep Dhankhar

(e) Om Birla

16) Who has been sworn in as the youngest Prime Minister of Nepal?

(a) K. P. Sharma Oli

(b) Pushpa Kamal Dahal

(c) Sher Bahadur Deuba

(d) Balendra Shah

(e) Madhav Kumar Nepal

17) As of 2026, Stuti Pradhan, who was selected to represent India at the World Youth Parliament (WYP), hails from which state?

(a) Assam

(b) Sikkim

(c) Manipur

(d) Arunachal Pradesh

(e) Meghalaya

18) What is the name of India’s first helicopter-launched Unmanned Aerial System (UAS) project initiated by the Indian Air Force?

(a) Garuda Shield

(b) Astra Drone

(c) Vayu Baan

(d) Sky Hunter

(e) Trinetra UAV

19) What is the name of the operation launched by the Indian Navy to safeguard India-bound energy shipments in 2026?

(a) Operation Samudra Raksha

(b) Operation Sagar Kavach

(c) Operation Sea Shield

(d) Operation Jal Suraksha

(e) Operation Urja Suraksha

20) As of 2026, the Indian Army’s Corps of Electronics and Mechanical Engineers (EME) signed an MoU with which institution to boost indigenous defence technology development?

(a) IIT Delhi

(b) IIT Bombay

(c) IIT Madras Pravartak Technologies Foundation

(d) DRDO

(e) IISc Bengaluru

21) Which initiative of the Indian Navy focuses on maritime cooperation and capacity building in the Indian Ocean Region?

(a) Mission SAGAR

(b) Project Seabird

(c) Exercise Malabar

(d) Operation Samudra Setu

(e) IOS SAGAR

22) Which Indian hockey player recently announced his retirement from international hockey at the Hockey India Annual Awards ceremony?

(a) Gurjant Singh

(b) Harmanpreet Singh

(c) Manpreet Singh

(d) Akashdeep Singh

(e) Mandeep Singh

23) As of 2026, the Indian women’s recurve team defeated which country to win a bronze medal at the Asia Cup World Ranking Tournament Stage 1?

(a) South Korea

(b) Japan

(c) China

(d) Malaysia

(e) Indonesia

24) In which year was the Flexible Inflation Targeting (FIT) framework introduced in India?

(a) 2014

(b) 2016

(c) 2019

(d) 2017

(e) 2018

25) As of 2026, India’s first hydrogen-powered train will operate on which route?

(a) Delhi–Jaipur

(b) Mumbai–Pune

(c) Jind–Sonipat

(d) Chennai–Bengaluru

(e) Lucknow–Kanpur

Answers:

1) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) issued the Master Direction – Unique Identifiers in Financial Markets, 2026 to consolidate multiple circulars into a single comprehensive framework for improved clarity and compliance.

The primary objective is to enhance transparency, traceability, and quality of financial data, thereby strengthening risk management and regulatory oversight in financial markets.

The framework is based on two global identifiers: Legal Entity Identifier (LEI) and Unique Transaction Identifier (UTI) for standardised reporting of financial transactions.

The Legal Entity Identifier (LEI) is a 20-character alphanumeric code that uniquely identifies entities participating in financial transactions, helping regulators track counterparties and reduce systemic risk.

Detailed Explanation:

The Reserve Bank of India (RBI) issued the Master Direction – Unique Identifiers in Financial Markets, 2026 to consolidate multiple circulars into a single comprehensive framework for improved clarity and compliance.

The primary objective is to enhance transparency, traceability, and quality of financial data, thereby strengthening risk management and regulatory oversight in financial markets.

The framework is based on two global identifiers: Legal Entity Identifier (LEI) and Unique Transaction Identifier (UTI) for standardised reporting of financial transactions.

The Legal Entity Identifier (LEI) is a 20-character alphanumeric code that uniquely identifies entities participating in financial transactions, helping regulators track counterparties and reduce systemic risk.

The LEI is mandatory for all entities (excluding individuals) undertaking OTC transactions in markets such as government securities, money market instruments, foreign exchange, and derivatives.

In non-derivative foreign exchange transactions, LEI is required only when the transaction value is USD 1 million or above (or equivalent).

Entities without a valid LEI will not be allowed to undertake transactions in RBI-regulated financial markets, making compliance strictly mandatory.

The Direction introduces the Unique Transaction Identifier (UTI), a unique reference number assigned to each OTC derivative transaction to track it throughout its lifecycle.

2) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) released Payments Vision 2028, continuing its practice of issuing strategic payment system roadmaps since 2001.

The Payments Vision 2028 will guide India’s payment systems development till December 2028, covering 15 key initiatives.

The core theme of the document is “Shaping India’s Payment Frontier”, emphasising both strengthening existing systems and driving future innovations.

Detailed Explanation:

The Reserve Bank of India (RBI) released Payments Vision 2028, continuing its practice of issuing strategic payment system roadmaps since 2001.

The Payments Vision 2028 will guide India’s payment systems development till December 2028, covering 15 key initiatives.

The Vision focuses on user empowerment, fraud prevention, cross-border payment efficiency, and ease of doing business.

The core theme of the document is “Shaping India’s Payment Frontier”, emphasising both strengthening existing systems and driving future innovations.

It builds upon Payments Vision 2025 (launched in 2022), which was based on the theme “E-Payments for Everyone, Everywhere, Every time (4Es)”.

The Vision 2025 framework was anchored on five pillars: Integrity, Inclusion, Innovation, Institutionalisation, and Internationalisation.

India has emerged as a global leader in real-time payments, accounting for nearly 50% of global real-time transactions.

3) Answer: D

Short Explanation:

The Oriental Insurance Company Limited (OICL) crossed ₹20,000 crore in Gross Premium for FY 2025–26, reflecting strong trust of policyholders, intermediaries, and stakeholders in public sector insurance.

The achievement aligns with the Government of India’s goal to promote financial inclusion and ensure Insurance for All by 2047.

The Motor Insurance Segment remained the cornerstone of growth:

Private Car Insurance: 14.5 lakh policies, premium ₹869 Cr

Two-Wheeler Insurance: 15.5 lakh policies, premium ₹143 Cr

Goods Carrying Commercial Vehicle (GCCV): 4.82 lakh policies, premium ₹1,725 Cr

Detailed Explanation:

The Oriental Insurance Company Limited (OICL) crossed ₹20,000 crore in Gross Premium for FY 2025–26, reflecting strong trust of policyholders, intermediaries, and stakeholders in public sector insurance.

The achievement aligns with the Government of India’s goal to promote financial inclusion and ensure Insurance for All by 2047.

Growth was driven by robust contributions from Group Personal Accident (GPA), Health, Fire, and Motor insurance portfolios.

OICL has strengthened its product suite with innovative offerings such as Oriental Sampoorna Swasthya Suraksha, Drone Insurance, Event Insurance, and Custom Duty Insurance.

Future solutions to be introduced include Sarvatra Suraksha Parametric Insurance Policy, Nil Depreciation Comprehensive Policies (including long-term variants), and Surety Bond Insurance, catering to evolving risk landscapes and national priorities.

The Motor Insurance Segment remained the cornerstone of growth:

Private Car Insurance: 14.5 lakh policies, premium ₹869 Cr

4) Answer: A

Short Explanation:

The Central Board of Indirect Taxes & Customs (CBIC) organised a hybrid outreach programme in New Delhi on the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI) under the Union Budget 2026–27 trade facilitation initiative.

The programme focused on explaining the EMI Scheme, with participation from senior officials including Shri Yogendra Garg (Member, Customs, CBIC) and other Chief Commissioners of Customs along with industry stakeholders and trade bodies.

Detailed Explanation:

The Central Board of Indirect Taxes & Customs (CBIC) organised a hybrid outreach programme in New Delhi on the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI) under the Union Budget 2026–27 trade facilitation initiative.

The programme focused on explaining the EMI Scheme, with participation from senior officials including Shri Yogendra Garg (Member, Customs, CBIC) and other Chief Commissioners of Customs along with industry stakeholders and trade bodies.

The scheme promotes a trust-based compliance approach aimed at faster customs clearances, reduced dwell time, and improved trade efficiency.

The EMI Scheme (Eligible Manufacturer Importers Scheme) enables deferred payment of import duties, allowing manufacturers to clear goods without upfront duty payment.

Under the scheme, import duties are paid on a monthly basis, improving cash flow and working capital management for businesses.

The scheme is aligned with the Make in India initiative and aims to strengthen domestic manufacturing and industrial competitiveness.

Two-Wheeler Insurance: 15.5 lakh policies, premium ₹143 Cr

Goods Carrying Commercial Vehicle (GCCV): 4.82 lakh policies, premium ₹1,725 Cr

5) Answer: B

Short Explanation:

The Government of India (GoI) has retained the inflation target at 4% for the next 5 years (April 1, 2026 to March 31, 2031).

This marks the second consecutive instance of keeping the inflation target unchanged, after a similar decision in March 2021.

The decision was notified by the Department of Economic Affairs (DEA), Ministry of Finance (MoF) in consultation with the Reserve Bank of India (RBI).

Detailed Explanation:

The Government of India (GoI) has retained the inflation target at 4% for the next 5 years (April 1, 2026 to March 31, 2031).

This marks the second consecutive instance of keeping the inflation target unchanged, after a similar decision in March 2021.

The decision was notified by the Department of Economic Affairs (DEA), Ministry of Finance (MoF) in consultation with the Reserve Bank of India (RBI).

The decision has been taken under Section 45ZA of the RBI Act, 1934, which empowers the government to set the inflation target.

The upper tolerance limit of inflation is fixed at 6% and the lower tolerance limit at 2% for the period 2026–2031.

India follows the Flexible Inflation Targeting (FIT) framework, introduced in 2016, which mandates maintaining inflation at a target level with a tolerance band.

Under this framework, the Monetary Policy Committee (MPC), headed by the RBI Governor, is responsible for setting policy interest rates to achieve the inflation target.

The MPC is a six-member committee, which first met in October 2016 to implement inflation targeting.

6) Answer: C

Short Explanation:

The Organisation for Economic Co-operation and Development released its OECD Economic Outlook, Interim Report – March 2026 titled “Testing Resilience”.

The OECD projected that India’s economy will grow at 6.1% in FY 2026-27 (FY27).

Detailed Explanation:

The Organisation for Economic Co-operation and Development released its OECD Economic Outlook, Interim Report – March 2026 titled “Testing Resilience”.

The OECD projected that India’s economy will grow at 6.1% in FY 2026-27 (FY27).

The growth forecast for FY27 has been revised downward by 10 basis points (bps) from the earlier estimate of 6.2%, citing global uncertainty.

The OECD projected India’s GDP growth at 7.6% in FY26 and 6.4% in FY28, indicating a moderation in growth.

The global growth outlook for 2026 remains unchanged at 2.9%, while the 2027 estimate has been revised down to 3% from 3.1%.

In India, CPI-based inflation is projected to rise from 2% in FY26 to 5.1% in FY27, and then moderate to 4.1% in FY28.

7) Answer: A

Short Explanation:

Lakshya Asset Management Company (AMC) has received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India.

The AMC is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management company on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Detailed Explanation:

Lakshya Asset Management Company (AMC) has received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India.

The AMC is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management company on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Wealth First Portfolio Managers has a strong presence in the Indian wealth management sector, supporting the launch of Lakshya AMC.

The AMC has onboarded key members from Benchmark AMC, including Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde.

Benchmark AMC, founded in 2001, was India’s first mutual fund focused on passive and quantitative investing.

8) Answer: B

Short Explanation:

Adani Ports and Special Economic Zone Limited operationalised India’s first Port of Refuge (PoR), marking a major step towards strengthening India’s maritime security and emergency response infrastructure.

APSEZ identified two strategic locations as India’s first Ports of Refuge:

Dighi Port (West Coast) to support vessels operating in the Arabian Sea and routes towards the Persian Gulf

Gopalpur Port (East Coast) to support vessels in the Bay of Bengal and routes towards the Strait of Malacca

Detailed Explanation:

Adani Ports and Special Economic Zone Limited operationalised India’s first Port of Refuge (PoR), marking a major step towards strengthening India’s maritime security and emergency response infrastructure.

The initiative establishes a structured mechanism to assist ships in distress, addressing a long-standing gap in India’s maritime safety framework.

With a coastline of over 11,000 kilometres and some of the world’s busiest shipping lanes, India earlier lacked a formal system for handling maritime emergencies involving vessels.

A Port of Refuge (PoR) is a designated safe location where ships facing emergencies such as:

Fire

Collision

Mechanical failure
can seek shelter for stabilisation.

The objective of a PoR is to:

Protect crew and cargo

Minimise environmental damage

Ensure efficient management of maritime emergencies

The establishment of PoRs aligns India with global maritime best practices, as such facilities are standard in major maritime nations.

APSEZ identified two strategic locations as India’s first Ports of Refuge:

Dighi Port (West Coast) to support vessels operating in the Arabian Sea and routes towards the Persian Gulf

Gopalpur Port (East Coast) to support vessels in the Bay of Bengal and routes towards the Strait of Malacca

9) Answer: C

Short Explanation:

The Government of India has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE Scheme) till 31st March 2028, with a financial outlay of ₹10,900 crore, to support the growth of India’s electric vehicle (EV) ecosystem.

The announcement was made by the Ministry of Heavy Industries.

Under the revised policy, incentives for electric two-wheelers will be available only for vehicles registered up to 31st July 2026.

Detailed Explanation:

The Government of India has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE Scheme) till 31st March 2028, with a financial outlay of ₹10,900 crore, to support the growth of India’s electric vehicle (EV) ecosystem.

The announcement was made by the Ministry of Heavy Industries.

The extension reflects a policy shift prioritising electric three-wheelers such as e-rickshaws and commercial vehicles, while limiting incentives for electric two-wheelers.

The scheme will remain operational until the allocated funds are exhausted, after which no further subsidy claims will be entertained, making efficient utilisation of funds crucial.

The revised structure indicates a segment-wise differentiation in subsidy allocation to promote balanced growth, sustainability and fiscal discipline in EV adoption.

Under the revised policy, incentives for electric two-wheelers will be available only for vehicles registered up to 31st July 2026.

The incentive structure for electric two-wheelers remains:

₹2,500 per kilowatt-hour (kWh) support

Maximum subsidy capped at ₹5,000 per vehicle

10) Answer: A

Short Explanation:

India reported 24,700 maternal deaths in 2023, placing it among the countries with the highest maternal mortality burden globally, according to a global analysis published in The Lancet.

The study, led by researchers from the Institute for Health Metrics and Evaluation, estimated India’s Maternal Mortality Ratio (MMR) at 116 per 1 lakh live births.

Globally, maternal mortality remains a major public health concern, with countries such as Nigeria, Ethiopia and Pakistan contributing significantly to the global burden.

Maternal Mortality Ratio (MMR) refers to the number of maternal deaths per 1 lakh live births and is a key indicator of a country’s healthcare system performance.

According to India’s Sample Registration System (SRS) 2021–23, India’s MMR stands at 88 per 1 lakh live births, indicating significant improvement compared to earlier decades.

Detailed Explanation:

India reported 24,700 maternal deaths in 2023, placing it among the countries with the highest maternal mortality burden globally, according to a global analysis published in The Lancet.

The study, led by researchers from the Institute for Health Metrics and Evaluation, estimated India’s Maternal Mortality Ratio (MMR) at 116 per 1 lakh live births.

Globally, maternal mortality remains a major public health concern, with countries such as Nigeria, Ethiopia and Pakistan contributing significantly to the global burden.

Maternal Mortality Ratio (MMR) refers to the number of maternal deaths per 1 lakh live births and is a key indicator of a country’s healthcare system performance.

According to India’s Sample Registration System (SRS) 2021–23, India’s MMR stands at 88 per 1 lakh live births, indicating significant improvement compared to earlier decades.

However, the global estimate of 116 highlights differences in data sources and methodologies used by international studies.

11) Answer: C

Short Explanation:

A panel appointed by the Supreme Court of India has urged the Union Government to withdraw the Transgender Persons (Protection of Rights) Amendment Bill, 2026, raising serious concerns over its impact on transgender rights.

The advisory committee was chaired by former judge Asha Menon, who highlighted that the proposed amendments could roll back existing protections for transgender persons.

Detailed Explanation:

A panel appointed by the Supreme Court of India has urged the Union Government to withdraw the Transgender Persons (Protection of Rights) Amendment Bill, 2026, raising serious concerns over its impact on transgender rights.

The recommendation was submitted to the Union Minister for Social Justice and Empowerment, Virendra Kumar, on the same day the Lok Sabha passed the Bill, intensifying the debate.

The advisory committee was chaired by former judge Asha Menon, who highlighted that the proposed amendments could roll back existing protections for transgender persons.

The committee was constituted in October 2025 by the Supreme Court of India while hearing a case involving a transgender woman dismissed from teaching jobs in Uttar Pradesh and Gujarat due to her gender identity.

12) Answer: D

Short Explanation:

The Prime Minister of India Shri Narendra Modi, will attend the G7 Summit 2026, scheduled to be held from 15th to 17th June 2026 in France.

The summit will take place at Evian-les-Bains, bringing together leaders of major advanced economies along with invited partner countries.

The Group of Seven is an informal bloc of leading industrialised economies, comprising:

United States

United Kingdom

France

Germany

Italy

Japan

Canada

along with the European Union.

Although India is not a member of the G7, it has been regularly invited to outreach sessions due to its economic strength and leadership role among the Global South countries.

Detailed Explanation:

The Prime Minister of India Shri Narendra Modi, will attend the G7 Summit 2026, scheduled to be held from 15th to 17th June 2026 in France.

The summit will take place at Evian-les-Bains, bringing together leaders of major advanced economies along with invited partner countries.

India’s participation was confirmed through an official communication by the French Foreign Ministry following diplomatic discussions involving the External Affairs Minister of India, S. Jaishankar.

The Group of Seven is an informal bloc of leading industrialised economies, comprising:

United States

United Kingdom

France

Germany

Italy

Japan

Canada

along with the European Union.

The G7 was formed in 1975 and plays a key role in shaping global policies related to:

Economic stability and growth

International security

Climate change

Trade and development

Although India is not a member of the G7, it has been regularly invited to outreach sessions due to its economic strength and leadership role among the Global South countries.

13) Answer: E

Short Explanation:

The Indian Institute of Management Ahmedabad launched the Krishnamurthy Tandon School of Artificial Intelligence marking a major boost to India’s education and technology ecosystem.

The initiative is supported by a ₹100 crore endowment from Chandrika Krishnamurthy Tandon and Ranjan Tandon.

Detailed Explanation:

The Indian Institute of Management Ahmedabad launched the Krishnamurthy Tandon School of Artificial Intelligence marking a major boost to India’s education and technology ecosystem.

The initiative is supported by a ₹100 crore endowment from Chandrika Krishnamurthy Tandon and Ranjan Tandon.

The new school aims to bridge the gap between rapid advancements in Artificial Intelligence (AI) and their practical applications across sectors.

The school is designed as a global platform combining cutting-edge AI research with IIMA’s strong management education foundation.

Its primary objective is to transform AI innovations into real-world solutions, improving decision-making, productivity, and addressing complex sectoral challenges.

14) Answer: B

Short Explanation:

India’s first hydrogen-powered trainset successfully completed oscillation trials, marking a major milestone in sustainable transportation and clean energy adoption by Indian Railways.

The oscillation trial was conducted by the Research Designs and Standards Organisation, which plays a key role in safety and performance validation of railway systems.

With this achievement, India is set to join the select group of countries such as Germany, Japan and China that operate hydrogen-powered trains.

Detailed Explanation:

India’s first hydrogen-powered trainset successfully completed oscillation trials, marking a major milestone in sustainable transportation and clean energy adoption by Indian Railways.

The development was confirmed by the Union Minister of Railways, Ashwini Vaishnaw.

The oscillation trial was conducted by the Research Designs and Standards Organisation, which plays a key role in safety and performance validation of railway systems.

With this achievement, India is set to join the select group of countries such as Germany, Japan and China that operate hydrogen-powered trains.

The first hydrogen-powered train will operate on the Jind–Sonipat route in Haryana, reflecting India’s push towards green mobility and sustainable transportation.

15) Answer: A

Short Explanation:

The Ramnath Goenka Excellence in Journalism Awards 2026 recognised 24 journalists across 19 categories for their outstanding contributions to Indian journalism.

The awards were presented in New Delhi by the Vice-President of India, C. P. Radhakrishnan, who highlighted the critical role of journalism in safeguarding democracy.

Detailed Explanation:

The Ramnath Goenka Excellence in Journalism Awards 2026 recognised 24 journalists across 19 categories for their outstanding contributions to Indian journalism.

The awards were presented in New Delhi by the Vice-President of India, C. P. Radhakrishnan, who highlighted the critical role of journalism in safeguarding democracy.

The awards are instituted by the Ramnath Goenka Foundation and honour fearless reporting across print, digital and broadcast platforms.

The awards are named after Ramnath Goenka, an iconic figure in Indian journalism, known for his fearless stance during challenging political periods, especially during the The Emergency (India).

 

16) Answer: D

Short Explanation:

Balendra Shah (35), leader of the Rastriya Swatantra Party (RSP) and a former rapper, was sworn in as the youngest Prime Minister of Nepal after a landslide electoral victory.

He succeeded Sushila Karki, who served as the Interim Prime Minister for six months following the crisis.

Detailed Explanation:

Balendra Shah (35), leader of the Rastriya Swatantra Party (RSP) and a former rapper, was sworn in as the youngest Prime Minister of Nepal after a landslide electoral victory.

He was administered the oath of office and secrecy by President Ram Chandra Paudel at Sheetal Niwas, Kathmandu.

Balendra Shah became Nepal’s 47th Prime Minister and the first democratically elected PM after the 2025 political upheaval.

He succeeded Sushila Karki, who served as the Interim Prime Minister for six months following the crisis.

The Rastriya Swatantra Party (RSP) secured 182 seats out of 275 seats in the House of Representatives (HoR).

17) Answer: B

Short Explanation:

Stuti Pradhan, a young leader from Sikkim, has been selected to represent India at the World Youth Parliament (WYP), highlighting India’s growing youth role in global policy, leadership, and diplomacy.

The World Youth Parliament (WYP) is an international platform that brings together young delegates from countries such as South Korea, UAE, Kuwait, Chad, Thailand, and Yemen to discuss global challenges and youth-led policy solutions.

Detailed Explanation:

Stuti Pradhan, a young leader from Sikkim, has been selected to represent India at the World Youth Parliament (WYP), highlighting India’s growing youth role in global policy, leadership, and diplomacy.

The World Youth Parliament (WYP) is an international platform that brings together young delegates from countries such as South Korea, UAE, Kuwait, Chad, Thailand, and Yemen to discuss global challenges and youth-led policy solutions.

The platform focuses on key global issues like climate change, education, sustainable development, and international cooperation.

Stuti Pradhan is recognized for her excellence in parliamentary debates, leadership qualities, and policy discussions.

18) Answer: C

Short Explanation:

The Indian Air Force (IAF) has initiated Project “Vayu Baan”, India’s first helicopter-launched Unmanned Aerial System (UAS).

With this project, India joins an elite group of countries such as the United States of America (USA) and China in developing air-launched drone technology, reducing dependence on foreign systems.

Detailed Explanation:

The Indian Air Force (IAF) has initiated Project “Vayu Baan”, India’s first helicopter-launched Unmanned Aerial System (UAS).

With this project, India joins an elite group of countries such as the United States of America (USA) and China in developing air-launched drone technology, reducing dependence on foreign systems.

The project is being led by the IAF Directorate of Aerospace Design (DAD), which issued a Request for Proposal (RFP) in March 2026 to invite domestic industry participation.

The Vayu Baan drone is a small autonomous system designed to be released from a moving helicopter during flight.

After release, the drone will unfold its wings, activate propulsion, and navigate autonomously towards targets.

The system enables stand-off engagement capability beyond 50 km, allowing helicopters to strike targets while remaining outside the range of enemy MANPADS (Man-Portable Air Defence Systems)

19) Answer: E

Short Explanation:

The Indian Navy (IN) launched Operation “Urja Suraksha” (Energy Protection) to escort, guide, and safeguard India-bound energy shipments through the strategically important Strait of Hormuz.

The primary objective of the operation is to ensure India’s energy security by protecting critical maritime supply routes.

A total of 22 India-bound vessels have been identified for naval escort protection, including 20 high-priority ships.

Detailed Explanation:

The Indian Navy (IN) launched Operation “Urja Suraksha” (Energy Protection) to escort, guide, and safeguard India-bound energy shipments through the strategically important Strait of Hormuz.

The primary objective of the operation is to ensure India’s energy security by protecting critical maritime supply routes.

A total of 22 India-bound vessels have been identified for naval escort protection, including 20 high-priority ships.

These ships are carrying essential energy resources such as Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and crude oil.

The mission involves deployment of more than 5 frontline Indian Navy warships in the Strait of Hormuz, a key global maritime chokepoint.

The operation ensures safe passage of merchant vessels through a region considered highly sensitive for global energy trade and maritime security.

Operation Urja Suraksha has already recorded success with Indian LPG carriers Pine Gas and Jag Vasant safely crossing the Strait of Hormuz under naval escort.

20) Answer: C

Short Explanation:

The Indian Army’s Corps of Electronics and Mechanical Engineers (EME) signed a Memorandum of Understanding (MoU) with Indian Institute of Technology Madras (IITM) Pravartak Technologies Foundation, Chennai, Tamil Nadu (TN) to boost indigenous defence technology development.

The partnership aims to identify, develop, and deploy indigenous solutions for the operational and maintenance needs of the Indian Army.

Detailed Explanation:

The Indian Army’s Corps of Electronics and Mechanical Engineers (EME) signed a Memorandum of Understanding (MoU) with Indian Institute of Technology Madras (IITM) Pravartak Technologies Foundation, Chennai, Tamil Nadu (TN) to boost indigenous defence technology development.

The partnership aims to identify, develop, and deploy indigenous solutions for the operational and maintenance needs of the Indian Army.

The collaboration will focus on problem identification in Army equipment and subsystems, followed by prototype development, testing, and final deployment.

The scope includes co-development of indigenous technologies, technical validation, and field evaluation for real-world applications.

The partnership will also support productisation of defence technologies for large-scale deployment in the armed forces.

A key outcome is the establishment of a Nodal Indigenisation Centre (NIC) at Avadi, Chennai.

21) Answer: E

Short Explanation:

The Indian Navy (IN) successfully completed the harbour training phase of the IOS SAGAR initiative at the Southern Naval Command, Kochi, marking a major step in regional maritime cooperation.

The initiative strengthens India’s commitment to collaborative security, capacity building, and maritime stability in the Indian Ocean Region (IOR).

The IOR faces multiple challenges such as maritime security threats, piracy, illegal fishing, trafficking, natural disasters, and protection of Sea Lines of Communication (SLOCs).

Detailed Explanation:

The Indian Navy (IN) successfully completed the harbour training phase of the IOS SAGAR initiative at the Southern Naval Command, Kochi, marking a major step in regional maritime cooperation.

The initiative strengthens India’s commitment to collaborative security, capacity building, and maritime stability in the Indian Ocean Region (IOR).

The IOR faces multiple challenges such as maritime security threats, piracy, illegal fishing, trafficking, natural disasters, and protection of Sea Lines of Communication (SLOCs).

The training was conducted over two weeks for a multinational crew, focusing on building both basic and advanced naval operational skills.

The programme included training in seamanship, navigation, communication procedures, safety of life at sea, firefighting, and damage control drills.

It also included specialised modules such as Visit, Board, Search and Seizure (VBSS) operations and advanced bridgemanship.

22) Answer: A

Short Explanation:

Gurjant Singh, forward of the India men's national field hockey team, announced his retirement from international hockey at the Hockey India Annual Awards ceremony held in New Delhi.

The 31-year-old striker concluded a distinguished international career spanning nearly a decade, earning 130 international caps and scoring 33 goals.

Detailed Explanation:

Gurjant Singh, forward of the India men's national field hockey team, announced his retirement from international hockey at the Hockey India Annual Awards ceremony held in New Delhi.

The 31-year-old striker concluded a distinguished international career spanning nearly a decade, earning 130 international caps and scoring 33 goals.

He was widely recognised for his speed, sharp finishing and consistent performances as a forward.

Gurjant Singh first gained prominence during the 2016 Men's Hockey Junior World Cup held in Lucknow, where India won the title.

He scored an important goal in the final, emerging as a rising star in Indian hockey.

23) Answer: D

Short Explanation:

India delivered a strong performance at the Asia Cup World Ranking Tournament Stage 1 by winning two bronze medals and securing multiple entries into the finals across categories.

The women’s recurve team comprising Ruma Biswas, Kirti and Ridhi Phor secured a bronze medal after defeating Malaysia 5–1.

Detailed Explanation:

India delivered a strong performance at the Asia Cup World Ranking Tournament Stage 1 by winning two bronze medals and securing multiple entries into the finals across categories.

While compound teams showcased consistency and strength, the men’s recurve section recorded a dip in performance.

Despite setbacks in some events, Indian archers remain strong contenders for additional medals in team and individual finals.

The women’s recurve team comprising Ruma Biswas, Kirti and Ridhi Phor secured a bronze medal after defeating Malaysia 5–1.

 

24) Answer: B

Short Explanation:

India follows the Flexible Inflation Targeting (FIT) framework, introduced in 2016, which mandates maintaining inflation at a target level with a tolerance band.

Under this framework, the Monetary Policy Committee (MPC), headed by the RBI Governor, is responsible for setting policy interest rates to achieve the inflation target.

Detailed Explanation:

India follows the Flexible Inflation Targeting (FIT) framework, introduced in 2016, which mandates maintaining inflation at a target level with a tolerance band.

Under this framework, the Monetary Policy Committee (MPC), headed by the RBI Governor, is responsible for setting policy interest rates to achieve the inflation target.

The MPC is a six-member committee, which first met in October 2016 to implement inflation targeting.

The framework aims to maintain retail inflation near 4%, with a permissible band of 2%–6%.

25) Answer: C

The first hydrogen-powered train will operate on the Jind–Sonipat route in Haryana, reflecting India’s push towards green mobility and sustainable transportation.

Key features of India’s hydrogen-powered trainset include:

World’s longest hydrogen-powered trainset with 10 coaches

Total power output: 2400 kilowatt (kW) (two driving power cars of 1200 kW each)

Zero carbon emissions, with water vapour as the only by-product

Broad gauge compatibility, suitable for Indian rail infrastructure

Among the most advanced hydrogen-powered trainsets globally