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Daily Current Affairs
21 May, 2026
1. The Bharat Forecast System (BFS) launched in India is mainly associated with:
A) Defence communication
B) Banking analytics
C) Advanced weather forecasting
D) Digital taxation
E) Satellite navigation
Answer: C) Advanced weather forecasting
Explanation: The Bharat Forecast System (BFS) is an advanced weather forecasting system developed to improve the accuracy of climate and monsoon predictions in India.
2. Which organization launched the Bharat Forecast System (BFS)?
A) ISRO
B) DRDO
C) India Meteorological Department
D) Ministry of Environment
E) NITI Aayog
Answer: C) India Meteorological Department
Explanation: The India Meteorological Department (IMD) launched the Bharat Forecast System to strengthen India’s forecasting capabilities.
3. PM e-VIDYA initiative is related to:
A) Defence modernization
B) Digital school education
C) Digital banking expansion
D) Space research
E) Tourism promotion
Answer: B) Digital school education
Explanation: PM e-VIDYA aims to provide accessible digital education through multiple online learning platforms and channels.
4. Exercise ‘Aakraman 2026’ conducted by the Indian Army focused on:
A) Naval operations
B) Cybersecurity training
C) Integrated battlefield operations
D) Disaster relief drills
E) Air combat simulation
Answer: C) Integrated battlefield operations
Explanation: Exercise Aakraman 2026 was conducted to improve integrated battlefield preparedness and operational coordination of the Indian Army.
5. The National Zero Measles-Rubella Elimination Campaign 2026 was launched by:
A) Ministry of AYUSH
B) Ministry of Women and Child Development
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 campaign aims to eliminate measles and rubella through vaccination and awareness initiatives led by the Ministry of Health and Family Welfare.
6. AI Kosha initiative is aimed at strengthening India’s:
A) Space mission ecosystem
B) Tourism infrastructure
C) Artificial Intelligence ecosystem
D) Railway modernization
E) Export financing
Answer: C) Artificial Intelligence ecosystem
Explanation: AI Kosha provides datasets, tools, and infrastructure support to accelerate Artificial Intelligence innovation in India.
7. RBI’s framework for Self-Regulatory Organisations (SROs) in fintech is intended to promote:
A) Cryptocurrency legalization
B) Industry-led self-regulation
C) Foreign bank privatization
D) Elimination of NBFCs
E) Gold monetization
Answer: B) Industry-led self-regulation
Explanation: RBI introduced the SRO framework to encourage ethical conduct, responsible innovation, and compliance within the fintech industry.
8. A Core Investment Company (CIC) primarily holds:
A) Agricultural insurance policies
B) Export subsidies
C) Investments in group companies
D) Government tax reserves
E) Retail banking assets
Answer: C) Investments in group companies
Explanation: Core Investment Companies mainly hold shares and securities of their group entities and are regulated under RBI guidelines.
9. Core Investment Companies are regulated by RBI under which legislation?
A) FEMA, 1999
B) Companies Act, 2013
C) RBI Act, 1934
D) SEBI Act, 1992
E) Banking Regulation Act
Answer: C) RBI Act, 1934
Explanation: RBI regulates Core Investment Companies under the RBI Act, 1934 to maintain financial discipline and systemic stability.
10. RBI’s Digital Payments Index (DPI) measures the extent of:
A) Inflation control
B) Foreign investment
C) Digital payment adoption
D) Gold reserve growth
E) Fiscal deficit management
Answer: C) Digital payment adoption
Explanation: The RBI Digital Payments Index tracks the growth and penetration of digital payment systems across India.
