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Daily Current Affairs
07 & 08 August, 2026
1. NITI Aayog released the report “Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047”. As per the report, India’s elderly (60+) population is projected to rise from 149 million (2022) to how much by 2050?
A. 250 million (15%)
B. 300 million (18%)
C. 347 million (20.8%)
D. 400 million (24%)
E. 320 million (19.5%)
View Answer
Explanation: The elderly share doubles from ~10.5% (149M, 2022) to 20.8% (347M) by 2050 — India will face a large long-term care burden BEFORE becoming rich (unlike Japan/China). Other figures: 26.8M+ persons with disabilities (21 benchmark categories, RPwD Act 2016); Time Use Survey — women 299 min/day unpaid care vs men 97; care market $29.62bn (2023) → $72.31bn (2030), CAGR 13.76%. Caregiver types: formal (paid, trained) vs informal (unpaid family/community — e.g. Kudumbashree’s K4 Care, Kerala’s Neighbourhood Network in Palliative Care).
2. MoRTH proposed amendments to the Central Motor Vehicles Rules, 1989 to introduce V2V (Vehicle-to-Vehicle) technology. What is V2V’s key advantage over cameras and radar?
A. It is cheaper
B. It warns about hazards BEYOND the driver’s visual range, without needing line of sight
C. It works only on highways
D. It replaces the driver entirely
E. It requires no hardware
View Answer
Explanation: V2V is a wireless framework where nearby vehicles broadcast/receive real-time data (speed, location, direction, braking) via factory-fitted On-Board Units in a peer-to-peer mesh (several hundred metres range, no cellular towers/cloud needed); an onboard processor computes collision risk within milliseconds and triggers visual/audio/haptic warnings. It complements ADAS and builds towards Intelligent Transportation Systems (ITS).
3. The Clouded Leopard (Neofelis nebulosa) — for which India launched a Conservation Action Plan — branched from the Pantherinae lineage over how many years ago, making it one of the most ancient living felines?
A. 1 million
B. 3 million
C. 6 million
D. 10 million
E. 15 million
View Answer
Explanation: The Clouded Leopard — an ancient medium-sized cat bridging big cats (Panthera) and small cats (Felinae) — branched 6+ million years ago. Range: Nepal-Bhutan-Bangladesh-Northeast India through Southeast Asia to southern China; habitats from lowland rainforest to mangroves (Borneo) and Himalayan foothills up to 2,743 m. Status: IUCN Vulnerable, WPA Schedule I, CITES Appendix I. The CAP (launched on International Clouded Leopard Day, 4 August, by MoEF&CC) targets habitat corridors, population baselines and conflict mitigation outside protected areas in Northeast India.
4. What was the official mascot of the Glasgow 2026 Commonwealth Games?
A. Clyde
B. Finnie
C. Bravo
D. Thistle
E. Nessie
View Answer
Explanation: Finnie was the Glasgow 2026 (23rd CWG, 23 July-2 August) mascot. India sent 122 athletes across 10 sports — opening flag-bearer Mirabai Chanu (baton-bearer Lovlina Borgohain), closing flag-bearer Jaismine Lamboria. India: 39 medals (13G-17S-9B), 4th. Ahmedabad hosts 2030.
5. In which sport did India win a record 10 medals including SEVEN golds at Glasgow 2026 — the most by any nation in that sport at a single CWG?
A. Weightlifting
B. Athletics
C. Boxing
D. Judo
E. Wrestling
View Answer
Explanation: Boxing: 10 medals, 7 golds — Preeti Pawar (54kg), Jaismine Lamboria (57kg), Sakshi Chaudhary (51kg), Priya Ghanghas (60kg), Arundhati Choudhary (70kg), Sachin Siwach (60kg), Ankush Panghal (80kg); Lovlina added 75kg silver. Other golds: Mirabai Chanu (48kg hat-trick), Para Athletics 3 (Dilip Gavit 100m T47, Soman Rana & Sharmila Dhankar Shot Put F57), Judo 2 — Asmita Dey (-48kg, first-ever individual judo gold) and Harsh Singh (-60kg); best-ever judo showing (3 medals). Sport-wise: Boxing 10, Athletics 10 (0-5-5), Weightlifting 8, Para Athletics 6, Judo 4, Para Powerlifting 1.
6. GOBARdhan (Galvanising Organic Bio-Agro Resources Dhan) — recast as the National Circular Bioenergy Scheme (₹23,731 crore, FY27-FY36) — is now administered by which ministry?
A. Jal Shakti
B. New and Renewable Energy
C. Petroleum and Natural Gas
D. Agriculture
E. Rural Development
View Answer
Explanation: GOBARdhan — originally launched under Swachh Bharat Mission (Grameen) in 2018 — is now a national clean-energy programme under the Petroleum Ministry, targeting a ~10x rise in Compressed Biogas (CBG) production from cattle dung, agri residue, press mud and municipal organic waste; CBG blends into CNG (transport) and PNG (domestic). Six growth engines: assured CGD offtake, administered pricing, capital assistance, pipeline infrastructure, credit guarantee, and a CBG Ecosystem Challenge Fund. ~1.5 lakh jobs expected.
7. The Closing Auction Session (CAS) — effective 3 August 2026 on NSE and BSE per SEBI’s 16 January directive — computes the reference price from the VWAP of trades in which window, with what price band?
A. 2:45-3:00 PM; ±5%
B. 3:00-3:15 PM; ±3%
C. 3:15-3:30 PM; ±2%
D. 9:00-9:15 AM; ±3%
E. Full day; ±10%
View Answer
Explanation: CAS — a 20-minute daily auction for F&O-eligible cash stocks — replaces continuous-trade-average closing with a single equilibrium price. Phases: (1) 3:15-3:20 PM — transition; reference price = VWAP of 3:00-3:15 trades, strict ±3% band; (2) 3:20-3:30 — order entry (3:20-3:25 market+limit modifiable; 3:25-3:30 limit only; window closes at a RANDOM time between 3:28-3:30 to prevent spoofing); (3) 3:30-3:35 — matching at the volume-maximising equilibrium price, market orders getting priority. Aim: curb end-of-day manipulation; better benchmarks for MFs, ETFs and derivatives settlement.
8. UCB licensing is granted by RBI under Section 22 read with which section of the Banking Regulation Act, 1949 — the provision applying the Act to cooperative societies?
A. Section 35A
B. Section 45
C. Section 56
D. Section 10B
E. Section 24
View Answer
Explanation: Section 22 (licensing) read with Section 56 (applies the BR Act to cooperative societies with modifications). Timeline: UCBs under RBI ambit 1966; liberalised era May 1993-June 2001 — 820+ new licences; suspension 2004 (nearly 31% of 1990s-licensed UCBs turned unsound; Madhavpura Mercantile crisis 2001 linked to the Ketan Parekh scam; dual-regulation gaps). Restart enablers: BR (Amendment) Act 2020 powers, four-tier framework since Dec 2022 (Tier 1 ≤₹100 cr; Tier 2 ₹100-1,000 cr; Tier 3 ₹1,000-10,000 cr; Tier 4 >₹10,000 cr deposits), UCB GNPAs at a six-year low ₹21,769 crore (FY26), and NUCFDC (est. 2024) for shared tech/liquidity/capital support.
9. The Bankers’ Books Evidence Bill, 2026 replaces the colonial-era Act of which year?
A. 1872
B. 1881
C. 1891
D. 1908
E. 1934
View Answer
Explanation: The Bill replaces the 135-year-old Bankers’ Books Evidence Act, 1891. Features: “bankers’ books” expanded to electronic, digital, virtual and cloud-based records; certified extracts admissible without original ledgers or routine witness summons; electronic records need integrity conditions (true representation, no unauthorised changes, no tampering) plus a technical certificate signed by designated branch/office heads; bank officers protected from compulsory attendance where the bank isn’t a party (except judge-ordered special cause); Centre can extend coverage to other financial institutions by notification.
10. RBI’s draft framework on Credit Valuation Adjustment (CVA) risk — replacing 2011 rules — proposes effect from which date?
A. 1 October 2026
B. 1 January 2027
C. 1 April 2027
D. 1 April 2028
E. Immediately
View Answer
Explanation: The draft (comments till 28 August; applies to all commercial banks EXCLUDING SFBs, payments banks and LABs) aligns with final Basel III. CVA = the price adjustment on a derivative for counterparty default risk; the capital charge buffers against that adjustment moving adversely. Banks must use the Basic Approach (BA-CVA): Reduced version (no hedge recognition) or Full version (recognises eligible hedges like single-name/index CDS). Simplified treatment: banks with non-centrally cleared derivatives notional ≤ ₹10 trillion may skip BA-CVA and set CVA capital = 100% of counterparty credit risk capital (no hedge recognition; supervisor can deny). Central clearing (via CCIL) is why the threshold targets non-cleared trades.
11. RBI’s NBFC Upper Layer list for 2026-27 includes how many NBFCs (with Tata Sons among them)?
A. 10
B. 15
C. 16
D. 17
E. 20
View Answer
Explanation: The 2026-27 NBFC-UL list has 17 NBFCs including Tata Sons (whose de-registration application is under examination). UL consequences: enhanced norms for minimum 5 years (even if parameters later fall), mandatory listing within 3 years, CET-1 ratio, large exposure norms, differential provisioning, independent compliance function, ICAAP. Scale-Based Regulation layers: Base (small non-deposit NBFCs), Middle (deposit-taking, HFCs, IFCs, IDFs, SPDs), Upper (annually identified), Top (ordinarily empty — populated only on substantial systemic risk).
12. “FarmerChat 2.0” — the AI farming advisory app whose users crossed 10 lakh — was developed by which organisation?
A. Microsoft Research
B. Digital Green India
C. ICAR
D. Wadhwani AI
E. Google DeepMind
View Answer
Explanation: FarmerChat (Digital Green India) offers hyperlocal advisory via voice/photo/text even in low-connectivity settings — using fine-tuned language models with Retrieval-Augmented Generation (RAG), expert-validated datasets and RLHF. 2.0 adds saved farmer preferences. Key figures: 10 lakh users, 5 languages, 30 lakh queries, 45% women, ~₹33 per farmer per year.
13. ICAR-NIPB developed India’s first fully annotated telomere-to-telomere (T2T) genome of pigeonpea using which variety?
A. Maruti
B. Asha
C. Bahar
D. Pusa 992
E. UPAS 120
View Answer
Explanation: The T2T genome of pigeonpea (Cajanus cajan; Arhar/Tur) variety ‘Asha’ — by ICAR-National Institute for Plant Biotechnology, New Delhi — spans 752.65 million base pairs across all 11 chromosomes including centromeres and telomeres (assembly NIPB_CcT2T_4, deposited in NCBI; 92 contigs, 99.9% transcriptome alignment). Unlike a draft genome, T2T closes repeat-rich gaps where disease-resistance and stress-tolerance genes cluster. NIPB’s track record: world’s first pigeonpea draft genome (2011 — first crop genome sequenced entirely in India), improved draft (2017), now T2T. Pigeonpea is central to protein/nutritional security; India remains a net pulse importer.
14. The proposed central law on women farmers’ rights would follow the model of which state’s Women Farmers Empowerment Act, 2026?
A. Kerala
B. Maharashtra
C. Tamil Nadu
D. Telangana
E. Odisha
View Answer
Explanation: EAC-PM Chairman S. Mahendra Dev (at MSSRF Chennai) said the Centre is considering legislation on the lines of the Maharashtra Women Farmers Empowerment Act, 2026 — India’s first state law for women farmers (passed unanimously; introduced by Dattatraya Bharane). Core problem: “farmer” = landowner in records, and land is mostly male-registered — women (only ~15.5% of Maharashtra’s operational farmland) stay legally invisible for credit, insurance and schemes. Core instrument: the Woman Farmer Certificate — recognition irrespective of land ownership — plus a Women Farmers Database, State Fund, Empowerment Cell/Council and Gram Panchayat-led identification; agriculture defined broadly (livestock, fisheries, sericulture, apiculture, agro-forestry etc.).
15. The U.S. Senate passed which Act that could impose tariffs of up to 100% on countries continuing to import Russian oil — with potential exposure for India?
A. CAATSA 2.0
B. Lindsey O. Graham Sanctioning Russia and Iran Act, 2026
C. Russia Oil Embargo Act
D. Global Energy Security Act
E. NOPEC Act
View Answer
Explanation: The Act allows tariffs up to 100% on countries importing Russian oil under specified conditions — India, a major Russian crude importer, faces potential exposure. Separately, PM Modi urged promotion of Indian handloom ahead of National Handloom Day (7 August), recalling the 1905 Swadeshi Movement.
16. IRDAI directed insurers (excluding reinsurers) to submit monthly data on premium income, investment income and claims paid for preparation of which index?
A. Index of Industrial Production
B. Index of Service Production (ISP)
C. Financial Conditions Index
D. Insurance Penetration Index
E. Composite Leading Indicator
View Answer
Explanation: The monthly data will feed the Index of Service Production — strengthening measurement of insurance-sector activity. Separately, Odisha will launch five food parks at the Odisha Food Pro 2026 investors’ meet in New Delhi, targeting ~â‚ą10,000 crore investment and 20,000+ jobs.
17. The Cabinet approved the ₹8,970-crore Guwahati-Tezpur Highway Corridor in Assam — a four-lane access-controlled section of which National Highway, under which model?
A. NH-27; HAM
B. NH-15; BOT (Toll)
C. NH-37; EPC
D. NH-17; BOT (Annuity)
E. NH-2; HAM
View Answer
Explanation: The Guwahati-Tezpur corridor (₹8,970 crore) — a four-lane access-controlled section of NH-15 — will be developed under the Build-Operate-Transfer (Toll) model to improve regional connectivity in Assam.
18. Squadron Leader Bhawana Kanth became India’s FIRST woman Fighter Combat Leader (FCL) after completing the specialised course at TACDE, located at:
A. Ambala
B. Gwalior
C. Jodhpur
D. Pune
E. Bidar
View Answer
Explanation: Bhawana Kanth completed the FCL course at the Tactics and Air Combat Development Establishment (TACDE), Gwalior — the first Indian woman Fighter Combat Leader, marking a milestone for women in fighter combat operations.
19. The Union Government conferred the “Sarvottam Jeevan Raksha Padak” — India’s highest-tier life-saving award — on 12 rat-hole miners for their bravery in which rescue operation?
A. Meghalaya coal mine rescue
B. Silkyara Tunnel rescue operation
C. Uttarkashi flood rescue
D. Chasnala mine rescue
E. Tapovan tunnel rescue
View Answer
Explanation: The 12 rat-hole miners who manually dug through the final stretch to free 41 trapped workers in the Silkyara Tunnel (Uttarakhand) received the Sarvottam Jeevan Raksha Padak — the highest tier of the Jeevan Raksha Padak series — for exceptional courage in saving lives under extreme risk.
20. India hosted the Meeting of Heads of National Statistical Offices of BRICS countries (3-4 August 2026) in which city, under the theme “Quality Statistics as a Driver of Change”?
A. New Delhi
B. Hyderabad
C. Lucknow
D. Mumbai
E. Bengaluru
View Answer
Explanation: The BRICS NSO heads’ meeting (Lucknow, 3-4 August) focused on strengthening statistical cooperation. Separately, C-DAC and GSI signed an MoU for AI-based geological data processing, 3D subsurface mapping, critical mineral exploration, landslide monitoring and GLOF studies.
21. IIT Hyderabad and Crimson Energy Experts launched “ANUGYAN” — India’s first industry-academia nuclear technology orientation programme — supporting India’s nuclear capacity goal of:
A. 50 GW by 2040
B. 75 GW by 2045
C. 100 GW by 2047
D. 125 GW by 2050
E. 60 GW by 2035
View Answer
Explanation: ANUGYAN — a three-month residential programme — develops skilled nuclear professionals for India’s 100 GW-by-2047 nuclear power goal. Separately, Jupiter Wagons partnered with Italy’s Lucchini RS and SIMEST (€28 million combined) for India’s first fully integrated private-sector railwheel manufacturing platform.
22. Niyo Forex and GlobalPay received perpetual/expanded licences of which category from RBI under the updated FEMA framework?
A. Payment Aggregator
B. Authorised Dealer Category-II (AD-II)
C. Full-fledged Money Changer only
D. AD Category-I
E. PPI Issuer
View Answer
Explanation: Niyo Forex and GlobalPay secured AD-II licences — enabling expanded regulated forex, remittance and cross-border payment services. Separately, Air India and Azerbaijan Airlines (AZAL) signed a codeshare — AI code on AZAL’s daily Delhi-Baku and Mumbai-Baku flights; and Prasanta Mahapatra (27+ years’ experience) became SEBI Executive Director overseeing the Corporation Finance Investigation and Recovery & Refund Departments.
23. Kerala researchers discovered a new seahorse species “Hippocampus amandavincentae” — resolving a 150-year taxonomic confusion. It is the ____ recorded seahorse species from the Kerala coast.
A. Third
B. Fourth
C. Fifth
D. Sixth
E. Seventh
View Answer
Explanation: Researchers from Kerala University of Fisheries and Ocean Studies (KUFOS) identified Hippocampus amandavincentae — the fifth seahorse species recorded off Kerala, resolving a 150-year-old taxonomic confusion.
24. Astrophysicist Annapurni Subramaniam — Director, Indian Institute of Astrophysics — became the FIRST Indian woman to win which international award?
A. Shaw Prize
B. COSPAR Vikram Sarabhai Medal 2026
C. Kavli Prize
D. Gruber Cosmology Prize
E. Dirac Medal
View Answer
Explanation: Annapurni Subramaniam received the COSPAR Vikram Sarabhai Medal 2026 in Italy — the first Indian woman and fourth Indian scientist to win it. Other appointments: Rahul Jain — Senior Adviser to the IMF Executive Director; Baldeo Purushartha — Senior Adviser to the ADB Executive Director (with other postings to ICAO etc.).
25. Air India appointed which former Ethiopian Airlines CEO as its new CEO and Managing Director, succeeding Campbell Wilson?
A. Tewolde Gebremariam
B. Mesfin Tasew
C. Girma Wake
D. Akbar Al Baker
E. Pieter Elbers
View Answer
Explanation: Tewolde Gebremariam — former Ethiopian Airlines CEO with a decade-plus of international aviation experience — becomes Air India CEO & MD, succeeding Campbell Wilson. Also: the ACC gave Cabinet Secretary T.V. Somanathan a one-year extension (beyond 30 August 2026) and Home Secretary Govind Mohan an extension until August 2027. D.Y. Patil — former Governor of Tripura and Bihar, educationist, Padma Shri 1991 — passed away at 90 in Kolhapur.
26. National Javelin Day (7 August) commemorates Neeraj Chopra’s Tokyo Olympics gold. Which body declared 7 August as National Javelin Day, and when?
A. IOA in 2020
B. Athletics Federation of India in 2021
C. Sports Ministry in 2022
D. SAI in 2021
E. World Athletics in 2021
View Answer
Explanation: The AFI declared 7 August National Javelin Day in 2021, marking Neeraj Chopra’s historic Tokyo 2020 gold. Hiroshima Day (6 August) marked the 81st anniversary of the 1945 atomic bombing.
27. Tamil Nadu’s TVK government presented its first budget (FY27) targeting what size for the state economy by 2031?
A. $1 trillion
B. $1.25 trillion
C. $1.5 trillion
D. $2 trillion
E. $1.75 trillion
View Answer
Explanation: TN Finance Minister N. Marie Wilson presented the TVK government’s first budget (FY27), targeting a $1.5 trillion state economy by 2031 — focusing on AI, industrial expansion, education, infrastructure and social welfare.
28. Delhi CM Rekha Gupta inaugurated a STEM Innovation Lab at Sarvodaya Vidyalaya in which locality?
A. Rohini
B. Pitampura
C. Dwarka
D. Kalkaji
E. Shalimar Bagh
View Answer
Explanation: The STEM Innovation Lab at Sarvodaya Vidyalaya, Pitampura promotes experiential Science-Technology-Engineering-Mathematics learning, equipping government-school students for an innovation-driven future.
