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Daily Current Affairs
10 & 11 May, 2026
1. The IMDEX Asia 2026 naval exercise involved participation from which Indian naval ship?
A) INS Vikrant
B) INS Kolkata
C) INS Kiltan
D) INS Chennai
E) INS Shivalik
Answer: C) INS Kiltan
Explanation: INS Kiltan participated in IMDEX Asia 2026, showcasing India’s maritime cooperation and naval diplomacy in the Indo-Pacific region.
2. The Khelo India Youth Games 2026 were hosted by which state?
A) Maharashtra
B) Bihar
C) Gujarat
D) Odisha
E) Karnataka
Answer: B) Bihar
Explanation: Bihar hosted the Khelo India Youth Games 2026, promoting sports culture and youth participation across India.
3. The SVAMITVA Scheme primarily aims to provide:
A) Health insurance to farmers
B) Skill training to youth
C) Property ownership records in rural areas
D) Scholarships to students
E) Subsidies for startups
Answer: C) Property ownership records in rural areas
Explanation: The SVAMITVA Scheme provides legal property ownership cards to rural households using drone-based land mapping technology.
4. Which ministry launched the revamped SHAKTI policy for coal allocation?
A) Ministry of Steel
B) Ministry of Petroleum and Natural Gas
C) Ministry of Mines
D) Ministry of Coal
E) Ministry of Heavy Industries
Answer: D) Ministry of Coal
Explanation: The Ministry of Coal revamped the SHAKTI policy to improve coal linkage allocation for thermal power plants in a transparent and efficient manner.
5. The PM POSHAN Scheme is related to:
A) Rural housing
B) Mid-day meals for school children
C) Crop insurance
D) Women entrepreneurship
E) Digital literacy
Answer: B) Mid-day meals for school children
Explanation: PM POSHAN is a centrally sponsored scheme that provides nutritious mid-day meals to school children to improve nutrition and attendance.
6. The RBI imposed restrictions on New India Co-operative Bank mainly due to concerns related to:
A) Cybersecurity threats
B) Poor agricultural lending
C) Supervisory and liquidity issues
D) Excessive foreign investments
E) Weak digital infrastructure
Answer: C) Supervisory and liquidity issues
Explanation: RBI imposed operational restrictions on the New India Co-operative Bank due to supervisory concerns and deterioration in liquidity position.
7. The Financial Stability Report (FSR) is published by:
A) SEBI
B) NABARD
C) Ministry of Finance
D) RBI
E) SIDBI
Answer: D) RBI
Explanation: The Reserve Bank of India publishes the Financial Stability Report to assess risks and resilience in the financial system.
8. India’s Unified Payments Interface (UPI) is operated by which organization?
A) RBI
B) NPCI
C) SEBI
D) IRDAI
E) SBI
Answer: B) NPCI
Explanation: UPI is developed and operated by the National Payments Corporation of India (NPCI) to enable real-time digital payments.
9. Under Basel norms, CRAR stands for:
A) Capital Reserve Adjustment Ratio
B) Credit Risk Assessment Report
C) Capital to Risk-weighted Assets Ratio
D) Central Reserve Allocation Rate
E) Current Risk Allocation Ratio
Answer: C) Capital to Risk-weighted Assets Ratio
Explanation: CRAR measures a bank’s capital adequacy by comparing its capital with risk-weighted assets to ensure financial stability.
10. The term “Liquidity Coverage Ratio (LCR)” is associated with ensuring banks have sufficient:
A) Gold reserves
B) Tax collections
C) Foreign exchange earnings
D) High-quality liquid assets
E) Equity share capital
Answer: D) High-quality liquid assets
Explanation: LCR ensures banks maintain adequate high-quality liquid assets to survive short-term liquidity stress scenarios.
