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Daily Current Affairs
22 May, 2026
1. The PM Surya Ghar Muft Bijli Yojana primarily promotes:
A) Wind energy projects
B) Rooftop solar installations
C) Nuclear energy expansion
D) Biofuel production
E) Hydropower generation
Answer: B) Rooftop solar installations
Explanation: PM Surya Ghar Muft Bijli Yojana encourages households to install rooftop solar systems to promote renewable energy and reduce electricity costs.
2. The AI Kosha initiative launched by the Government of India is related to:
A) Artificial Intelligence ecosystem development
B) Agricultural marketing reforms
C) Digital taxation systems
D) River-linking projects
E) Railway modernization
Answer: A) Artificial Intelligence ecosystem development
Explanation: AI Kosha is designed to strengthen India’s Artificial Intelligence ecosystem by providing datasets, tools, and infrastructure support.
3. Which organization developed the indigenous anti-drone system ‘Bhargavastra’?
A) HAL
B) ISRO
C) DRDO
D) BEL
E) BHEL
Answer: C) DRDO
Explanation: DRDO developed the Bhargavastra anti-drone system to counter hostile drone threats using indigenous defence technology.
4. Exercise ‘Shakti 2026’ was conducted jointly between India and:
A) USA
B) France
C) Russia
D) Japan
E) Australia
Answer: B) France
Explanation: Exercise Shakti is a bilateral military exercise between India and France aimed at enhancing operational coordination and defence cooperation.
5. The National Zero Measles-Rubella Elimination Campaign 2026 was launched by which ministry?
A) Ministry of Education
B) Ministry of AYUSH
C) Ministry of Women and Child Development
D) Ministry of Health and Family Welfare
E) Ministry of Rural Development
Answer: D) Ministry of Health and Family Welfare
Explanation: The Ministry of Health and Family Welfare launched the campaign to eliminate measles and rubella through extensive immunization programmes.
6. Bharat Forecast System (BFS) is associated with:
A) Space communication
B) Advanced weather forecasting
C) Banking analytics
D) Defence surveillance
E) Digital taxation
Answer: B) Advanced weather forecasting
Explanation: Bharat Forecast System is an advanced weather prediction model developed to improve forecasting accuracy for climate and monsoon conditions.
7. RBI’s framework for Self-Regulatory Organisations (SROs) in fintech aims to promote:
A) Cryptocurrency trading
B) Industry-led self-regulation
C) Elimination of NBFCs
D) Gold reserve expansion
E) Foreign bank privatization
Answer: B) Industry-led self-regulation
Explanation: RBI introduced the SRO framework to encourage ethical practices, responsible innovation, and compliance in the fintech sector.
8. A Core Investment Company (CIC) mainly holds:
A) Agricultural subsidies
B) Retail banking loans
C) Investments in group companies
D) Insurance claims
E) Government bonds only
Answer: C) Investments in group companies
Explanation: Core Investment Companies primarily hold shares and securities of their group entities and are regulated under RBI norms.
9. Core Investment Companies are regulated by RBI under:
A) SEBI Act, 1992
B) Companies Act, 2013
C) FEMA, 1999
D) RBI Act, 1934
E) Banking Regulation Act
Answer: D) RBI Act, 1934
Explanation: RBI regulates Core Investment Companies under the RBI Act, 1934 to ensure financial stability and proper governance.
10. RBI’s Digital Payments Index (DPI) measures the growth of:
A) Export financing
B) Insurance penetration
C) Digital payment adoption
D) Gold monetization
E) Fiscal deficit
Answer: C) Digital payment adoption
Explanation: RBI’s Digital Payments Index tracks the extent and growth of digital payment systems across India.
