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Daily Current Affairs
26 May, 2026
1. Bharat Forecast System (BFS), recently in news, has been developed to improve:
A) Defence surveillance
B) Banking supervision
C) Weather forecasting accuracy
D) Satellite communication
E) Tax administration
Answer: C) Weather forecasting accuracy
Explanation: Bharat Forecast System (BFS) is an advanced weather forecasting model aimed at providing more accurate weather and climate predictions across India.
2. AI Kosha initiative is intended to strengthen India’s:
A) Railway infrastructure
B) Artificial Intelligence ecosystem
C) Export logistics network
D) Tourism sector
E) Power transmission network
Answer: B) Artificial Intelligence ecosystem
Explanation: AI Kosha provides datasets, tools, and resources to support AI innovation, research, and development in India.
3. Bhargavastra is an indigenous system developed to counter:
A) Ballistic missiles
B) Cyber attacks
C) Hostile drones
D) Submarines
E) Space debris
Answer: C) Hostile drones
Explanation: Bhargavastra is an indigenous anti-drone system developed to detect and neutralize hostile unmanned aerial vehicles.
4. Exercise Shakti 2026 was conducted jointly by India and:
A) Russia
B) France
C) Japan
D) Australia
E) United States
Answer: B) France
Explanation: Exercise Shakti is a bilateral military exercise conducted between India and France to strengthen defence cooperation and interoperability.
5. RBI’s framework for Self-Regulatory Organisations (SROs) in fintech is designed to encourage:
A) Cryptocurrency legalization
B) Industry-led self-regulation
C) Foreign bank acquisitions
D) Elimination of NBFCs
E) Gold monetization
Answer: B) Industry-led self-regulation
Explanation: RBI introduced the SRO framework to promote responsible innovation, compliance, and governance within the fintech sector.
6. A Core Investment Company (CIC) primarily holds investments in:
A) Agricultural cooperatives
B) Government securities only
C) Group companies
D) Insurance firms only
E) Foreign banks
Answer: C) Group companies
Explanation: Core Investment Companies mainly hold shares and securities of group entities and are regulated by the RBI.
7. Core Investment Companies are regulated under which legislation?
A) FEMA, 1999
B) Companies Act, 2013
C) RBI Act, 1934
D) SEBI Act, 1992
E) Banking Regulation Act, 1949
Answer: C) RBI Act, 1934
Explanation: The RBI regulates Core Investment Companies under the RBI Act, 1934 to ensure financial stability and proper governance.
8. RBI’s Digital Payments Index (DPI) is used to measure:
A) Inflation levels
B) Foreign exchange reserves
C) Digital payment adoption
D) Fiscal deficit trends
E) Tax compliance rates
Answer: C) Digital payment adoption
Explanation: The Digital Payments Index measures the growth and penetration of digital payment systems across India.
9. PMFBY stands for:
A) Pradhan Mantri Farm Business Yojana
B) Pradhan Mantri Fertilizer Benefit Yojana
C) Pradhan Mantri Fasal Bima Yojana
D) Pradhan Mantri Food Buffer Yojana
E) Pradhan Mantri Farming Budget Yojana
Answer: C) Pradhan Mantri Fasal Bima Yojana
Explanation: PMFBY is the flagship crop insurance scheme of the Government of India that protects farmers against crop losses.
10. Natural farming promotes reduction in the use of:
A) Irrigation facilities
B) Farm machinery
C) Chemical fertilizers and pesticides
D) Certified seeds
E) Agricultural extension services
Answer: C) Chemical fertilizers and pesticides
Explanation: Natural farming encourages eco-friendly cultivation practices by minimizing dependence on synthetic fertilizers and chemical pesticides.
