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Daily Current Affairs
05 & 06 August, 2026
1. India held the First Session of the Joint Trade Committee (JTC) with Rwanda in New Delhi. What is the capital of Rwanda?
A. Kampala
B. Kigali
C. Bujumbura
D. Dodoma
E. Nairobi
View Answer
Explanation: Rwanda — the “Land of a Thousand Hills”, a densely populated landlocked nation in east-central Africa within the Albertine (Western) Rift Valley — has its capital at Kigali; its four neighbours are Uganda, Tanzania, Burundi and the DRC. India is Rwanda’s largest source of pharmaceutical imports (~24.5%), and Rwanda described India as its second-largest foreign investor (2025). India exports drug formulations, two/three-wheelers and machinery; Rwanda exports lead, spices, essential oils and copper.
2. The PM-launched “Nasha Mukt Yuva for Viksit Bharat Sankalp Abhiyan” is designed as a campaign of what duration, with activities every Sunday?
A. 52 weeks
B. 75 weeks
C. 100 weeks
D. 125 weeks
E. 150 weeks
View Answer
Explanation: The 100-week nationwide anti-drug campaign (activities every Sunday) is supported by 125+ spiritual, educational, industrial and public organisations across 28,000+ locations; over one crore youth took the anti-drug pledge. Activities include sports events, walkathons, meditation, nukkad nataks and yoga — with emphasis on rehabilitation and giving recovering individuals a second chance, towards Viksit Bharat@2047.
3. Glaw Lake (Glow Lake) was designated India’s 101st Ramsar Site — the FIRST for which state?
A. Nagaland
B. Arunachal Pradesh
C. Meghalaya
D. Sikkim
E. Mizoram
View Answer
Explanation: Glaw Lake — Arunachal’s first Ramsar Site — is a high-altitude natural freshwater lake (~8 sq km, ~1,168 m) in Lohit district near Wakro, inside the Kamlang Tiger Reserve (Lang River to the north, Namdapha NP to the south), a major source of the Kamlang River, surrounded by Miju/Digaro/Idu Mishmi territories; 150+ tree species and 49 orchid species recorded. Formed by tectonic activity/land-block warping in the Eastern Himalayan fold belt.
4. Which two Indian Ramsar sites are on the Montreux Record (register of sites with changed/threatened ecological character)?
A. Chilika Lake and Sambhar Lake
B. Keoladeo National Park and Loktak Lake
C. Wular Lake and Harike
D. Vembanad and Ashtamudi
E. Sundarbans and Bhitarkanika
View Answer
Explanation: India’s Montreux Record entries: Keoladeo NP (Rajasthan) and Loktak Lake (Manipur). Ramsar Convention: signed 2 February 1971 at Ramsar, Iran (in force 1975); World Wetlands Day 2 February; India acceded 1982 with Chilika Lake and Keoladeo as first sites; India’s tally of 101 is the highest in Asia.
5. The “e-Pratyaropan” digital platform — unveiled on the 16th Indian Organ Donation Day — digitises India’s organ donation ecosystem. Which agency implements it?
A. National Health Authority
B. NOTTO (National Organ and Tissue Transplant Organisation)
C. ICMR
D. AIIMS Delhi
E. DGHS
View Answer
Explanation: e-Pratyaropan (MoHFW nodal; NOTTO implementing) — unveiled by MoS Anupriya Patel with the NOTTO Mobile App and the “Angdaan Karo, Jug Jug Jiyo” campaign — provides unified national registries and auto-generated waitlists (hospital/state/regional/national), THOTA-aligned algorithmic allocation on medical priority-geography-urgency, ROTTO/SOTTO integration (48-hour procedure logging), digital pledge certificates, and real-time organ tracking along green corridors. Indian Organ Donation Day is observed on 3 August.
6. In the Puri Rath Yatra, the chariot of Lord Jagannath is called:
A. Taladhwaja
B. Darpadalana
C. Nandighosha
D. Kapidhwaja
E. Garudadhwaja
View Answer
Explanation: The three chariots — newly built every year: Nandighosha (Jagannath), Taladhwaja (Balabhadra), Darpadalana (Subhadra) — use Phassi and Dhausa timber traditionally from ex-princely Dasapalla via the Mahanadi, built by hereditary Maharana carpenter guilds per Shilpa Shastras. The festival occurs in Shukla Paksha of Ashadha; deities emerge via the Pahandi Bije procession onto the Bada Danda and are pulled to the Gundicha Temple. Odisha’s CM has urged the Centre to nominate it for UNESCO’s Intangible Cultural Heritage list (2003 Convention — distinct from the 1972 WHS Convention).
7. Under the Taxation and Other Laws (Amendment) Bill, 2026, the tax holiday for foreign companies engaged in contract manufacturing of specified electronics (mobiles, laptops, servers, wearables) was extended from 5 years to:
A. 10 years
B. 12 years
C. 15 years (up to 2040-41)
D. 20 years
E. 25 years
View Answer
Explanation: The omnibus Bill (Rajya Sabha RETURNED it — the Money Bill procedure under Article 109) onshores four value chains: electronics (15-year tax holiday), rough diamonds in notified zones, cloud computing/data centres (leased-basis operation allowed, approvals removed), and fund management (relocation without the fund becoming taxable). REITs/InvITs: unit-holder dividends restored tax-free, but SPV surcharge raised 10% → 25%. Earlier FII tax on G-secs displaced by exemption: interest 20%, STCG 30%, LTCG 12.5%.
8. On the UPI/MDR question, what does the Taxation Bill 2026 actually do?
A. Imposes a 0.3% MDR on all UPI transactions immediately
B. Creates legal power for the Central Government to PERMIT charges on notified electronic payment modes, replacing the existing prohibition
C. Bans MDR permanently
D. Transfers MDR decisions to NPCI
E. Imposes charges only on merchants above â‚ą50 lakh turnover
View Answer
Explanation: The Bill amends the PSS Act, 2007 to create the enabling power — it does NOT itself impose any charge. The current zero-charge bar operates through Section 269SU of the Income-tax Act read with the PSS Act. The MDR debate: zero-MDR strains acquirer/PSP sustainability, currently offset by budgetary incentives; a tiered-MDR model is the proposed alternative.
9. The RBI MPC on 5 August 2026 unanimously (6-0) kept the policy repo rate unchanged at:
A. 5.00%
B. 5.25%
C. 5.50%
D. 5.75%
E. 6.00%
View Answer
Explanation: Repo unchanged at 5.25% (unanimous), SDF 5.00%, MSF and Bank Rate 5.50%; stance NEUTRAL continued. CPI inflation FY27 lowered 10 bps to 5.0% (Q1 5.3%, Q2 4.7%, Q3 5.9%, Q4 5.5%); real GDP growth FY27 raised to 6.7% from 6.6%. Last rate revision: December 2025; next meeting 5-7 October 2026.
10. In the LAF corridor, which facility forms the FLOOR, where banks park surplus funds with RBI WITHOUT collateral?
A. Repo rate
B. Standing Deposit Facility (SDF)
C. Marginal Standing Facility (MSF)
D. Bank Rate
E. Reverse Repo (fixed)
View Answer
Explanation: The SDF (5.00%) is the corridor floor — uncollateralised, introduced April 2022 replacing the fixed reverse repo as effective floor. Repo (5.25%) is the policy rate (lending against G-secs); MSF (5.50%) is the ceiling (overnight borrowing dipping into SLR); Bank Rate (5.50%) is aligned to MSF for penal purposes. The corridor is symmetric — 25 bps either side of the repo. Stances: accommodative (easing bias), neutral (no bias), withdrawal of accommodation/tightening.
11. RBI announced it will resume licensing of Urban Cooperative Banks on an “on tap” basis. Fresh UCB licensing had been paused since which year?
A. 1998
B. 2001
C. 2004
D. 2008
E. 2013
View Answer
Explanation: UCB licensing was paused since 2004 after governance failures; the resumption (announced by Governor Sanjay Malhotra with the August 2026 policy) follows a discussion paper published 13 January 2026. There are 1,457 UCBs currently. “On tap” = continuously open application window (already used for universal banks and SFBs). RBI is also reviewing concentration risk norms for Rural Cooperative Banks (currently under the CMA instructions of 2008).
12. Under the draft UCB licensing criteria for credit cooperative societies seeking conversion, the indicative minimum deposit base and net worth are:
A. â‚ą5,000 crore; â‚ą100 crore
B. â‚ą10,000 crore; â‚ą300 crore
C. â‚ą15,000 crore; â‚ą500 crore
D. â‚ą2,500 crore; â‚ą150 crore
E. â‚ą20,000 crore; â‚ą1,000 crore
View Answer
Explanation: Indicative criteria: deposit base â‚ą10,000 crore+, net worth â‚ą300 crore+, 10+ years’ existence, CRAR ≥12%, Net NPA ≤3%, registered under the Multi-State Co-operative Societies Act 2002 (multi-state first). No member may hold >5% share capital; directors can’t hold executive posts. Applications via RBI’s PRAVAAH portal; in-principle approval valid 18 months. Cooperative banks face dual regulation (RBI for banking under BR Act 1949; Registrar for incorporation), strengthened by the BR (Amendment) Act 2020 post-PMC crisis; DICGC insures â‚ą5 lakh per depositor; NABARD supervises StCBs and DCCBs.
13. The pilot “Framework for Fertilizer Sale (FFS)” — a QR-token based farmer-centric fertiliser distribution platform — is currently implemented in:
A. 40 districts across 20 states
B. 56 districts across 23 states
C. 75 districts across 25 states
D. 100 districts across 28 states
E. 30 districts across 15 states
View Answer
Explanation: FFS (jointly by Dept of Fertilizers + Ministry of Agriculture, with state consent; per MoS Anupriya Patel in Rajya Sabha, 4 August 2026) now covers 56 districts/23 states (up from 40/20 in late July). Workflow: mobile-app registration with land-crop details → pre-booking → QR token → retailer PoS scan → Aadhaar biometric authentication → distribution. Supporting infra: iFMS (real-time fertiliser movement monitoring) and AgriStack Farmer Registry (~10.28 crore farmer IDs, integrating with PM-KISAN, Jan Samarth KCC loans and MSP procurement).
14. BIOFACH INDIA 2026 (6-8 August, Greater Noida) — India’s organic trade fair — is organised by which body along with Nuernberg Messe India?
A. FSSAI
B. APEDA
C. Spices Board
D. NAFED
E. Ministry of Ayush
View Answer
Explanation: APEDA (est. under the APEDA Act 1985, Ministry of Commerce, HQ New Delhi) organised BIOFACH INDIA 2026 — 200+ exhibitors (60+ in APEDA Pavilion), 35+ international buyers from 13 countries. APEDA is the National Accreditation Body under NPOP (export certification, EU-recognised); PGS-India serves domestic small farmers; Jaivik Bharat is FSSAI’s unified organic logo. Note the boards: basmati under APEDA, but spices → Spices Board, tea → Tea Board, coffee → Coffee Board, marine → MPEDA. India has the world’s largest number of organic producers; Sikkim is the world’s first fully organic state (2016); IFOAM (1972, Bonn) is the global umbrella body.
15. RBI Governor Sanjay Malhotra indicated that which holding company will continue to be classified as an Upper-Layer NBFC?
A. Bajaj Holdings
B. Tata Sons
C. L&T Finance Holdings
D. Godrej Industries
E. Aditya Birla Capital
View Answer
Explanation: Tata Sons — the Tata Group holding company — continues as an Upper-Layer NBFC (NBFC-UL) under RBI’s scale-based, principle-based regulatory framework, per Governor Malhotra.
16. “DSC A24” — the fifth and FINAL Diving Support Craft, a catamaran-hulled vessel with ~70% indigenous content — was launched at Titagarh, Kolkata, built by:
A. GRSE
B. Titagarh Rail Systems Limited
C. Cochin Shipyard
D. L&T Shipbuilding
E. Hindustan Shipyard
View Answer
Explanation: DSC A24 — fifth and final vessel of the Diving Support Craft project — was built by Titagarh Rail Systems at Titagarh, Kolkata: twin-hull catamaran design, ~300-400 tonnes displacement, ~70% indigenous content, supporting diving, salvage and coastal operations. (Distinct from the larger Nistar-class DSVs like Nipun built by HSL.)
17. On the Cotton Corporation of India’s 56th Foundation Day, Giriraj Singh launched the “Kapas Darshan” bulletin. The event also highlighted which Cotton Productivity Mission?
A. Kapas Vikas — ₹4,200 crore
B. Kapas Kanti — ₹5,659 crore
C. Kasturi Cotton — ₹3,000 crore
D. Cotton Plus — ₹6,500 crore
E. Su-Kapas — ₹5,000 crore
View Answer
Explanation: The CCI’s 56th Foundation Day saw the Kapas Darshan Bulletin launch, the â‚ą5,659-crore Cotton Productivity Mission-Kapas Kanti highlighted, and four MoUs signed for cotton quality, traceability and market access.
18. REC and PFC signed a â‚ą26,850-crore common loan agreement with Meja Urja Nigam for expanding the Meja Thermal Power Project (UP), adding how much capacity?
A. 1,600 MW (2Ă—800)
B. 2,400 MW (3Ă—800 ultra-supercritical)
C. 3,200 MW (4Ă—800)
D. 1,320 MW (2Ă—660)
E. 2,640 MW (4Ă—660)
View Answer
Explanation: The â‚ą26,850-crore REC-PFC common loan funds Meja’s expansion — 2,400 MW via three 800-MW ultra-supercritical units. Separately, PM Modi inaugurated projects worth â‚ą17,900+ crore in Andhra Pradesh (1 August) covering aviation, semiconductors, renewables, transmission and roads.
19. SEBI extended the digital accessibility audit deadline for regulated entities to 31 October 2026 and introduced which framework for AIF placement memorandums?
A. SAHAJ
B. GARUDA
C. SUGAM
D. TARANG
E. DRONA
View Answer
Explanation: SEBI extended the digital accessibility audit/remediation deadline to 31 October 2026 and introduced the GARUDA framework to streamline processing of Alternative Investment Fund placement memorandums. Separately, SBI Research projected ~7% GDP growth for Q1 FY27 — above RBI’s 6.6% quarterly projection — citing vehicle sales, electricity demand, exports and industrial activity.
20. Gujarat’s “Pithora Painting” — which received a GI tag — is a tribal art form associated with which communities?
A. Warli and Gond
B. Rathwa, Bhil, Bhilala and Nayaka
C. Santhal and Munda
D. Toda and Kota
E. Saora and Kondh
View Answer
Explanation: Pithora Painting — GI-tagged by the Geographical Indications Registry — is the ritual tribal art of Gujarat’s Rathwa, Bhil, Bhilala and Nayaka communities, traditionally using natural colours and featuring horses representing gods, ancestors and nature.
21. Whose tenure as IFSCA Chairperson was extended until 24 October 2028?
A. Injeti Srinivas
B. K. Rajaraman
C. Tuhin Kanta Pandey
D. Ajay Seth
E. M. Rajeshwar Rao
View Answer
Explanation: K. Rajaraman (retired 1989-batch IAS; IFSCA’s first full-time Chairperson from 2023) got an extension until 24 October 2028. Defence appointments the same week: Vice Admiral A.N. Pramod (communication & EW specialist, AVSM-YSM) became Deputy Chief of Naval Staff succeeding VAdm Tarun Sobti, and Air Marshal Tejpal Singh took charge as Deputy Chief of the Air Staff.
22. A new freshwater catfish “Pseudolaguvia khairii” was discovered in Odisha’s Budhabalanga River. It is named after “Khairi” — who/what was Khairi?
A. A tribal queen of Mayurbhanj
B. The famous Royal Bengal tigress of Similipal Tiger Reserve
C. A local river goddess
D. The discoverer’s mother
E. An Odia freedom fighter
View Answer
Explanation: Pseudolaguvia khairii — found in the Budhabalanga River, Mayurbhanj district — honours Khairi, the celebrated Royal Bengal tigress of Similipal Tiger Reserve.
23. India finished FOURTH at the Glasgow 2026 Commonwealth Games with 39 medals. What was India’s gold-silver-bronze split?
A. 15 gold, 14 silver, 10 bronze
B. 13 gold, 17 silver, 9 bronze
C. 12 gold, 18 silver, 9 bronze
D. 14 gold, 16 silver, 9 bronze
E. 13 gold, 15 silver, 11 bronze
View Answer
Explanation: India: 4th with 39 medals (13G-17S-9B). Australia topped with 171 medals, followed by England and Canada. Glasgow formally handed over the Commonwealth Games baton to India — which will host the 2030 edition in Ahmedabad.
24. Renowned mountaineer Nirmal Purja — who died in an avalanche on Broad Peak (Pakistan) — was famous for climbing all 14 eight-thousanders in what record time (Project Possible 14/7, 2019)?
A. 3 months and 3 days
B. 6 months and 6 days
C. 1 year and 1 day
D. 9 months and 9 days
E. 189 days
View Answer
Explanation: Nepali-British mountaineer Nirmal “Nims” Purja completed all 14 eight-thousanders in 6 months and 6 days under Project Possible 14/7 (2019); he died in an avalanche on Broad Peak, Pakistan.
25. The Union Cabinet approved the GOBARdhan – National Circular Bioenergy Scheme with what outlay, expected to create ~1.5 lakh jobs?
A. â‚ą15,000 crore
B. â‚ą18,500 crore
C. â‚ą23,731 crore
D. â‚ą28,400 crore
E. â‚ą32,000 crore
View Answer
Explanation: The GOBARdhan – National Circular Bioenergy Scheme (₹23,731 crore) promotes clean energy and rural economy via conversion of organic waste into bioenergy, creating ~1.5 lakh jobs.
26. India successfully test-fired which medium-range ballistic missile from the Integrated Test Range at Chandipur, Odisha?
A. Agni-1
B. Agni-4
C. Agni-5
D. Prithvi-II
E. Agni Prime
View Answer
Explanation: The Agni-4 MRBM test from ITR Chandipur validated operational and technical parameters, per the Defence Ministry. Other defence updates: the 4th Tri-Services Future Warfare Course began in New Delhi (HQ IDS, four weeks, future warfare-emerging tech-joint operations), and Army Chief General Dhiraj Seth launched indigenous Xtreme Weather Grade (XWG) Diesel — jointly developed with oil marketing companies for military vehicle mobility in extreme weather.
27. The Lok Sabha passed the Bankers’ Books Evidence Bill, 2026, which primarily provides for:
A. Nationalisation of bank records
B. Recognition and use of electronic and digital records of banking transactions as evidence
C. Mandatory physical ledgers in all banks
D. Transfer of bank evidence to CBI custody
E. A new bank fraud tribunal
View Answer
Explanation: The Bill modernises the legal framework for bankers’ books evidence, recognising electronic/digital banking records as evidence. Also launched: India’s Clouded Leopard Conservation Action Plan (on International Clouded Leopard Day) — habitat conservation, scientific monitoring and coordinated protection for the elusive wild cat.
28. The theme of World Breastfeeding Week 2026 (1-7 August) was:
A. Closing the Gap: Breastfeeding Support for All
B. Breastfeeding for a sustainable start in life: strengthen what works
C. Enabling Breastfeeding: Making a Difference
D. Step Up for Breastfeeding
E. Prioritise Breastfeeding
View Answer
Explanation: World Breastfeeding Week 2026 (1-7 August) theme: “Breastfeeding for a sustainable start in life: strengthen what works.” Separately, Andhra Pradesh and Australia signed four MoUs — clean energy, advanced manufacturing, inclusive education, student mental health and skilling — including a Centre of Excellence for Solar Manufacturing at IIT Tirupati.
