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Daily Current Affairs Quiz: 27 May 2026

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1. The Bharat Forecast System (BFS) has been developed primarily to improve:
A) Defence intelligence
B) Weather forecasting accuracy
C) Banking supervision
D) Tax administration
E) Railway operations

Answer: B) Weather forecasting accuracy

Explanation: The Bharat Forecast System (BFS) is an advanced weather forecasting model designed to improve the precision of weather and climate predictions across India.

2. AI Kosha initiative is aimed at strengthening India’s:
A) Tourism sector
B) Agricultural marketing system
C) Artificial Intelligence ecosystem
D) Defence logistics network
E) Export promotion framework

Answer: C) Artificial Intelligence ecosystem

Explanation: AI Kosha provides datasets, tools, and infrastructure support to accelerate AI innovation, research, and development in India.

3. Bhargavastra, recently in news, is an indigenous:
A) Missile defence shield
B) Anti-drone system
C) Satellite launch vehicle
D) Nuclear submarine
E) Weather monitoring radar

Answer: B) Anti-drone system

Explanation: Bhargavastra is an indigenous anti-drone system developed to detect and neutralize hostile drones and strengthen national security.

4. Exercise Shakti 2026 was conducted jointly between India and:
A) Russia
B) Australia
C) France
D) Japan
E) United States

Answer: C) France

Explanation: Exercise Shakti is a bilateral military exercise between India and France focused on enhancing defence cooperation and interoperability.

5. The National Zero Measles-Rubella Elimination Campaign 2026 was launched by:
A) Ministry of Education
B) Ministry of Rural Development
C) Ministry of Health and Family Welfare
D) Ministry of AYUSH
E) Ministry of Women and Child Development

Answer: C) Ministry of Health and Family Welfare

Explanation: The campaign was launched to eliminate measles and rubella through nationwide vaccination and awareness efforts.

6. PM Surya Ghar Muft Bijli Yojana promotes the adoption of:
A) Wind energy systems
B) Hydropower units
C) Rooftop solar installations
D) Biofuel plants
E) Nuclear energy systems

Answer: C) Rooftop solar installations

Explanation: The scheme aims to increase renewable energy adoption by encouraging households to install rooftop solar systems.

7. RBI’s framework for Self-Regulatory Organisations (SROs) in fintech seeks to encourage:
A) Cryptocurrency mining
B) Industry-led self-regulation
C) Foreign bank acquisitions
D) Elimination of digital lending
E) Gold monetization schemes

Answer: B) Industry-led self-regulation

Explanation: The RBI framework promotes responsible innovation, ethical practices, and self-governance within the fintech sector.

8. A Core Investment Company (CIC) mainly holds investments in:
A) Agricultural cooperatives
B) Government securities only
C) Group companies
D) Foreign exchange reserves
E) Insurance funds

Answer: C) Group companies

Explanation: Core Investment Companies primarily invest in and hold shares of group companies and are regulated by RBI.

9. Core Investment Companies are regulated under:
A) Companies Act, 2013
B) FEMA, 1999
C) RBI Act, 1934
D) SEBI Act, 1992
E) Banking Regulation Act, 1949

Answer: C) RBI Act, 1934

Explanation: RBI regulates Core Investment Companies under the RBI Act, 1934 to maintain financial discipline and stability.

10. RBI’s Digital Payments Index (DPI) measures:
A) Inflation trends
B) Digital payment adoption
C) Fiscal deficit levels
D) Foreign investment inflows
E) Corporate profitability

Answer: B) Digital payment adoption

Explanation: The Digital Payments Index tracks the extent and growth of digital payment systems and their penetration across the country.

Source: C4S Daily Current Affairs 27 May 2026

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