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Daily Current Affairs
05 May, 2026
1. Sikkim being declared India’s first “paperless judiciary state” primarily implies which of the following?
A) All courts are permanently closed for physical hearings
B) Entire case lifecycle is managed digitally without paper records
C) Only Supreme Court cases are digitized
D) Only criminal cases are processed online
E) Judges are replaced by AI systems
Answer: B) Entire case lifecycle is managed digitally without paper records
Explanation: A paperless judiciary means shifting the entire lifecycle of cases—filing, processing, and judgments—to digital platforms using tools like e-Filing, CIS, and digital signatures.
2. The e-Committee of the Supreme Court is primarily responsible for which function?
A) Appointment of judges
B) Drafting constitutional amendments
C) ICT enablement of the judiciary
D) Monitoring state police forces
E) Conducting elections
Answer: C) ICT enablement of the judiciary
Explanation: The e-Committee oversees the digital transformation of courts under the e-Courts Mission Mode Project, including initiatives like paperless courts and e-filing systems.
3. CINBAX-II 2026 exercise is conducted between India and which country?
A) Vietnam
B) Thailand
C) Cambodia
D) Indonesia
E) Malaysia
Answer: C) Cambodia
Explanation: CINBAX-II is a bilateral military exercise between India and Cambodia focusing on UN peacekeeping and sub-conventional operations.
4. The Cell Broadcast System (CBS) differs from traditional SMS primarily in which way?
A) Requires internet connectivity
B) Works only on smartphones
C) Uses point-to-area broadcasting
D) Requires prior registration
E) Is a paid government service
Answer: C) Uses point-to-area broadcasting
Explanation: CBS sends messages to all devices in a specific geographic area simultaneously, avoiding network congestion unlike SMS which is point-to-point.
5. The Kailash Mansarovar Yatra via Lipulekh Pass is currently disputed between India and which country?
A) Bhutan
B) Nepal
C) China
D) Myanmar
E) Bangladesh
Answer: B) Nepal
Explanation: Nepal claims Lipulekh based on the Treaty of Sugauli, while India maintains it as part of Uttarakhand, making it a geopolitical issue.
6. The BHISHM Cube under Aarogya Maitri initiative is best described as:
A) A satellite communication device
B) A portable modular hospital system
C) A vaccine storage facility
D) A military surveillance system
E) A disaster warning system
Answer: B) A portable modular hospital system
Explanation: The BHISHM Cube is a modular, portable hospital designed for rapid deployment in disaster zones, capable of treating up to 200 patients.
7. Under the FEMA Rules 2026 amendment, what is the maximum FDI allowed in Indian insurance intermediaries?
A) 49%
B) 51%
C) 74%
D) 100%
E) 20%
Answer: D) 100%
Explanation: The amendment allows 100% FDI via the automatic route in insurance companies and intermediaries, boosting capital inflow and sector growth.
8. Which of the following entities remains capped at 20% FDI despite FEMA 2026 reforms?
A) Insurance Brokers
B) TPAs
C) LIC
D) Private Insurers
E) Surveyors
Answer: C) LIC
Explanation: LIC is governed by a separate Act (LIC Act, 1956), and its FDI cap remains restricted at 20% to protect national interests.
9. RBI has warned against fraudulent loan waiver campaigns primarily because they:
A) Reduce tax revenue
B) Interfere with credit discipline
C) Increase digital payments
D) Promote financial inclusion
E) Reduce banking competition
Answer: B) Interfere with credit discipline
Explanation: Such scams mislead borrowers into defaulting, harming the credit system and affecting banks’ ability to lend.
10. The “RBI Kehta Hai” initiative is aimed at:
A) Promoting exports
B) Regulating NBFCs
C) Financial literacy and fraud awareness
D) Monetary policy decisions
E) Banking mergers
Answer: C) Financial literacy and fraud awareness
Explanation: “RBI Kehta Hai” educates citizens on safe banking practices, digital hygiene, and fraud prevention using the message “Jaankaar Baniye, Satark Rahiye.”
