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Daily Current Affairs
15 & 16 May, 2026
1. According to the Global Report on Food Crises 2026, which factor was identified as a major driver of acute food insecurity globally?
A) Increase in tourism
B) Expansion of luxury industries
C) Conflict and climate shocks
D) Rise in cryptocurrency adoption
E) Decline in digital payments
Answer: C) Conflict and climate shocks
Explanation: The Global Report on Food Crises 2026 highlighted conflict, climate-related disasters, and economic shocks as the primary causes of acute food insecurity across several countries.
2. The World Social Report 2026 was released by which organization?
A) IMF
B) United Nations
C) World Bank
D) WTO
E) OECD
Answer: B) United Nations
Explanation: The World Social Report 2026 was published by the United Nations focusing on inequality, social protection, and inclusive development challenges globally.
3. The recently launched ‘Sachet’ app is associated with:
A) Online education
B) Disaster alert and awareness system
C) Digital taxation
D) Tourism promotion
E) Space communication
Answer: B) Disaster alert and awareness system
Explanation: The Sachet app is a disaster alert platform developed to provide early warning notifications and awareness regarding natural disasters.
4. Which organization developed the indigenous anti-drone system ‘Bhargavastra’?
A) ISRO
B) BEL
C) DRDO
D) HAL
E) BHEL
Answer: C) DRDO
Explanation: DRDO developed the indigenous anti-drone system ‘Bhargavastra’ to counter hostile drone threats using advanced interception technology.
5. The PM Surya Ghar Muft Bijli Yojana primarily promotes:
A) Free LPG distribution
B) Rooftop solar energy adoption
C) Free internet connectivity
D) Electric vehicle exports
E) Water conservation projects
Answer: B) Rooftop solar energy adoption
Explanation: PM Surya Ghar Muft Bijli Yojana encourages households to adopt rooftop solar systems and reduce electricity expenses through renewable energy.
6. The exercise ‘Shakti 2026’ was conducted jointly between India and:
A) Russia
B) Japan
C) France
D) Australia
E) United Kingdom
Answer: C) France
Explanation: Exercise Shakti is a bilateral military exercise conducted jointly by India and France to strengthen defence cooperation and interoperability.
7. Which ministry launched the AI Kosha initiative?
A) Ministry of Defence
B) Ministry of Electronics and Information Technology
C) Ministry of Agriculture
D) Ministry of Education
E) Ministry of Commerce
Answer: B) Ministry of Electronics and Information Technology
Explanation: The Ministry of Electronics and Information Technology launched AI Kosha to support AI innovation through datasets, tools, and collaborative resources.
8. The RBI’s framework for recognizing Self-Regulatory Organisations (SROs) in fintech aims to:
A) Ban digital lending
B) Promote industry-led regulatory compliance
C) Replace commercial banks
D) Eliminate NBFCs
E) Increase import duties
Answer: B) Promote industry-led regulatory compliance
Explanation: RBI proposed the SRO framework for fintech to encourage responsible innovation, ethical practices, and industry self-governance.
9. The term ‘Core Investment Company (CIC)’ refers to a company primarily engaged in:
A) Agricultural exports
B) Infrastructure construction
C) Holding investments in group companies
D) Insurance underwriting
E) Tourism financing
Answer: C) Holding investments in group companies
Explanation: A Core Investment Company mainly holds shares and securities of its group companies and is regulated under RBI norms.
10. The RBI regulates Core Investment Companies under which Act?
A) Banking Regulation Act
B) RBI Act, 1934
C) Companies Act, 2013
D) FEMA, 1999
E) SEBI Act, 1992
Answer: B) RBI Act, 1934
Explanation: Core Investment Companies are regulated by RBI under the provisions of the RBI Act, 1934 to ensure financial stability and proper governance.
