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Daily Current Affairs
12 May, 2026
1. The Bharat Gen initiative launched by the Government of India is primarily related to:
A) Space exploration
B) Indigenous AI development
C) Agricultural exports
D) Water conservation
E) Tourism promotion
Answer: B) Indigenous AI development
Explanation: Bharat Gen is India’s government-supported initiative focused on creating indigenous multilingual AI systems and datasets tailored for Indian needs.
2. Which ministry launched the “One Nation One Portal” initiative for government services integration?
A) Ministry of Home Affairs
B) Ministry of Finance
C) Ministry of Electronics and Information Technology
D) Ministry of Rural Development
E) Ministry of Commerce and Industry
Answer: C) Ministry of Electronics and Information Technology
Explanation: The Ministry of Electronics and Information Technology launched the One Nation One Portal initiative to integrate digital government services under a unified platform.
3. The “Exercise Jal-Thal-Raksha 2026” was conducted by which force?
A) Indian Army
B) Indian Navy
C) Indian Air Force
D) National Disaster Response Force
E) Border Security Force
Answer: D) National Disaster Response Force
Explanation: Exercise Jal-Thal-Raksha 2026 was conducted by the NDRF to enhance preparedness and coordination for flood and disaster response operations.
4. The RBI’s revised guidelines on project financing mainly focus on strengthening:
A) Gold imports
B) Loan appraisal and monitoring
C) Cryptocurrency trading
D) Foreign tourism investments
E) Insurance penetration
Answer: B) Loan appraisal and monitoring
Explanation: RBI’s revised project finance guidelines emphasize stronger appraisal mechanisms, monitoring standards, and provisioning norms for infrastructure and project loans.
5. The term “Expected Credit Loss (ECL)” is associated with:
A) Stock market volatility
B) Digital payment systems
C) Loan provisioning framework
D) Forex reserve management
E) Insurance claim settlement
Answer: C) Loan provisioning framework
Explanation: Expected Credit Loss (ECL) is a forward-looking loan provisioning approach used by banks to estimate potential losses from defaults.
6. Which organization launched the pilot programme for AI-based fraud detection in banking transactions?
A) SEBI
B) RBI
C) NABARD
D) IRDAI
E) SIDBI
Answer: B) RBI
Explanation: RBI launched an AI-based fraud detection pilot programme to improve monitoring and prevention of digital banking frauds.
7. The primary objective of Account Aggregator (AA) framework is to:
A) Increase tax collection
B) Promote cryptocurrency investments
C) Enable secure financial data sharing
D) Reduce repo rate
E) Replace debit cards
Answer: C) Enable secure financial data sharing
Explanation: The Account Aggregator framework allows secure and consent-based sharing of financial data between institutions to improve digital financial services.
8. Which institution regulates Account Aggregators in India?
A) NPCI
B) RBI
C) SEBI
D) IRDAI
E) Ministry of Finance
Answer: B) RBI
Explanation: The Reserve Bank of India regulates Account Aggregators under the NBFC-AA framework to ensure secure financial data management.
9. The PMFBY scheme in India is related to:
A) Fisheries development
B) Soil health improvement
C) Crop insurance
D) Organic certification
E) Dairy entrepreneurship
Answer: C) Crop insurance
Explanation: PMFBY (Pradhan Mantri Fasal Bima Yojana) provides crop insurance coverage and financial support to farmers against crop losses.
10. The initiative promoting climate-resilient agriculture through advanced technologies was launched to primarily support:
A) Urban industries
B) Textile exports
C) Sustainable farming practices
D) Shipping infrastructure
E) Tourism activities
Answer: C) Sustainable farming practices
Explanation: The initiative focuses on climate-resilient agriculture by encouraging advanced technologies and sustainable farming methods to improve agricultural productivity and resilience.
