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Daily Current Affairs
17 & 18 May, 2026
1. The recently launched ‘Operation Olivia’ initiative is primarily aimed at protecting:
A) Snow Leopards
B) Olive Ridley Turtles
C) Asiatic Lions
D) Gangetic Dolphins
E) Red Pandas
Answer: B) Olive Ridley Turtles
Explanation: Operation Olivia is conducted to protect Olive Ridley turtles, especially during their nesting season along the eastern coast of India.
2. The ‘AI Kosha’ platform launched by the Government of India is associated with:
A) Space technology
B) Digital payments
C) Artificial Intelligence ecosystem development
D) Agriculture marketing
E) Tourism analytics
Answer: C) Artificial Intelligence ecosystem development
Explanation: AI Kosha is a platform launched to strengthen India’s AI ecosystem by providing datasets, tools, and resources for AI innovation.
3. Which ministry launched the National Zero Measles-Rubella Elimination Campaign 2026?
A) Ministry of Women and Child Development
B) Ministry of AYUSH
C) Ministry of Health and Family Welfare
D) Ministry of Rural Development
E) Ministry of Education
Answer: C) Ministry of Health and Family Welfare
Explanation: The National Zero Measles-Rubella Elimination Campaign 2026 was launched by the Ministry of Health and Family Welfare to eliminate measles and rubella in India.
4. The ‘Exercise Shakti 2026’ military exercise was conducted between India and:
A) USA
B) Australia
C) France
D) Russia
E) Japan
Answer: C) France
Explanation: Exercise Shakti is a bilateral military exercise conducted jointly by India and France to enhance defence cooperation and interoperability.
5. PM Surya Ghar Muft Bijli Yojana is related to promotion of:
A) Wind energy
B) Rooftop solar systems
C) Hydropower plants
D) Electric buses
E) Nuclear energy
Answer: B) Rooftop solar systems
Explanation: PM Surya Ghar Muft Bijli Yojana aims to encourage rooftop solar adoption among households and promote clean energy usage.
6. The Bhargavastra system developed by DRDO is designed to counter:
A) Ballistic missiles
B) Cyber attacks
C) Enemy submarines
D) Drone threats
E) Chemical warfare
Answer: D) Drone threats
Explanation: Bhargavastra is an indigenous counter-drone system developed by DRDO to neutralize hostile drones using advanced technology.
7. The RBI framework for Self-Regulatory Organisations (SROs) in fintech aims to promote:
A) Cryptocurrency mining
B) Industry-led governance and compliance
C) Elimination of digital lending
D) Foreign bank mergers
E) Gold monetization
Answer: C) Holding investments in group companies
Explanation: Core Investment Companies mainly hold shares and securities of their group companies and are regulated by RBI.
8. A Core Investment Company (CIC) primarily deals with:
A) Tourism financing
B) Retail banking operations
C) Holding investments in group companies
D) Insurance claims settlement
E) Agricultural exports
Answer: C) Holding investments in group companies
Explanation: Core Investment Companies mainly hold shares and securities of their group companies and are regulated by RBI.
9. Which Act governs the regulation of Core Investment Companies in India?
A) FEMA, 1999
B) Banking Regulation Act
C) RBI Act, 1934
D) Companies Act, 2013
E) SEBI Act, 1992
Answer: C) RBI Act, 1934
Explanation: RBI regulates Core Investment Companies under the provisions of the RBI Act, 1934 to maintain financial discipline and stability.
10. The RBI Digital Payments Index (DPI) is used to measure:
A) Export growth
B) Banking NPAs
C) Adoption of digital payments
D) Inflation trends
E) Gold reserves
Answer: C) Adoption of digital payments
Explanation: RBI’s Digital Payments Index measures the extent of digital payment adoption and penetration across India.
