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Daily Current Affairs
15 January, 2026
Q1. INSV Kaundinya, recently in news, is best described as:
A. A hand-stitched wooden sailing ship retracing ancient trade routes
B. A modern cargo vessel for West Asia trade
C. India’s first nuclear-powered submarine
D. A naval patrol vessel deployed in the Arabian Sea
E. An unmanned research ship
Answer: A
Explanation: INSV Kaundinya is a hand-stitched wooden sailing ship that retraced ancient Indian Ocean trade routes from Porbandar to Muscat in January 2026.
2. According to the ILO Employment and Social Trends 2026 Report, the projected global unemployment rate in 2026 is:
A. 6.2%
B. 5.5%
C. 4.9%
D. 4.2%
E. 3.8%
Answer: C
Explanation: The ILO projected global unemployment to remain at a historically low level of 4.9%, affecting around 186 million people worldwide.
3. The Responsible Nations Index (RNI) evaluates countries primarily based on:
A. GDP growth and military expenditure
B. Human dignity, sustainability, and global responsibility
C. Export competitiveness and FDI inflows
D. Technological innovation and industrial output
E. Population size and natural resources
Answer: B
Explanation: RNI shifts global rankings away from GDP and military power towards values like human dignity, environmental sustainability, and international responsibility.
4. Jharkhand’s megalithic sites are unique because they:
A. Are entirely underground structures
B. Are linked to Harappan civilisation
C. Represent a living megalithic tradition
D. Were built only for military purposes
E. Exist only in coastal regions
Answer: C
Explanation: Jharkhand’s megaliths are part of a living tradition, where communities like Munda and Ho still erect stones for rituals and remembrance.
5. The primary role of an Internal Ombudsman (IO) in banks is to:
A. Resolve disputes between banks and RBI
B. Audit loan portfolios
C. Review rejected customer complaints
D. Monitor cyber security risks
E. Approve new banking products
Answer: C
Explanation: The Internal Ombudsman reviews customer complaints rejected by internal grievance mechanisms before they can be escalated to RBI’s Ombudsman.
6. RBI’s new Internal Ombudsman guidelines specify that the IO’s decision:
A. Can be overridden by bank management
B. Is advisory in nature
C. Is binding on banks and NBFCs
D. Requires RBI approval
E. Applies only to public sector banks
Answer: C
Explanation: Under the new norms, banks and NBFCs cannot override the decision of the Internal Ombudsman, strengthening consumer protection.
7. Sumitomo Mitsui Banking Corporation (SMBC) received RBI’s approval to:
A. Merge with an Indian public sector bank
B. Set up a Payments Bank
C. Establish a Wholly Owned Subsidiary in India
D. Operate only through IFSC
E. Exit branch banking operations
Answer: C
Explanation: RBI granted in-principle approval to SMBC to convert its Indian branches into a locally incorporated Wholly Owned Subsidiary.
8. What is the usual offer price of units during a New Fund Offer (NFO)?
A. â‚ą5
B. â‚ą8
C. â‚ą10
D. Market-linked price
E. NAV of previous scheme
Answer: C
Explanation: NFO units are generally offered at a fixed price of â‚ą10 per unit during the initial subscription period.
9. RBI’s proposed changes to FX risk norms include:
A. Separate onshore and offshore FX limits
B. Elimination of capital requirements for FX risk
C. Unified Net Open Position calculation
D. Ban on overseas investments by banks
E. Daily RBI approval for FX exposure
Answer: C
Explanation: RBI proposes a single consolidated Net Open Position (NOP) calculation to align Indian FX risk norms with global standards.
10. SEBI’s scrutiny of New Fund Offers (NFOs) is mainly aimed at:
A. Increasing fund launch frequency
B. Reducing fund management fees
C. Preventing excessive portfolio overlap
D. Promoting passive funds
E. Limiting retail investor participation
Answer: C
Explanation: SEBI aims to ensure clear differentiation among mutual fund schemes by limiting portfolio overlap within the same AMC.
