Daily Current Affairs Quiz 27th May 2026 for Banking & Competitive Exams |

Daily Current Affairs: 26 May, 2026

Q1. The newly published book titled “Apnapan: Narendra Modi sang mere anubhav” has been authored by which Union Minister?

(a) Shri Amit Shah

(b) Shri Rajnath Singh

(d) Shri S. Jaishankar

(e) Shri Nitin Gadkari

Answer: c

Solution:

The book Apnapan: Narendra Modi Sang Mere Anubhav, authored by Shivraj Singh Chouhan, was formally launched on 26 May 2026.
The launch event was held at the Bharat Ratna C. Subramaniam Auditorium in New Delhi.
The book was released by M. Venkaiah Naidu in the presence of H. D. Deve Gowda.

Q2. The PM-AJAY Portal monitors socio-economic development across more than 47,000 villages belonging mainly to which category?

(a) Tribal villages

(b) Coastal villages

(d) Border villages

(e) Aspirational districts only

Answer: c

Solution:

In May 2026, Hon’ble Union Minister for Social Justice and Empowerment Dr. Virendra Kumar launched the PM-AJAY Mobile App and the PM-AJAY portal.
The PM-AJAY portal has been developed to ensure seamless coordination among stakeholders and improve accountability and efficiency in service delivery to beneficiaries.
The portal monitors socio-economic development in more than 47,000 Scheduled Caste-majority villages and tracks over 4 million beneficiaries under different components of the scheme.
It serves as a central digital database enabling milestone-linked fund flows and integrated monitoring.

Adarsh Gram Component

Under the Adarsh Gram component, paper-based village planning will be replaced with digital planning systems.
The portal provides national, state, and district-level dashboards to monitor development across 50 socio-economic indicators covering 10 developmental domains.
It also automates milestone-linked tracking once a Village Development Plan (VDP) is digitally approved.

Grants-in-Aid (GIA) Component

For the Grants-in-Aid component, the portal functions as a centralised Management Information System (MIS) for tracking financial outlays, livelihood funding, and implementation progress.

Hostel Component

The portal also supports monitoring of the Hostel component by enabling tracking of physical and financial progress and ensuring transparency and faster processing.

PM-AJAY Mobile App

The PM-AJAY Mobile App extends the services of Pradhan Mantri Adarsh Gram Yojana and Pradhan Mantri Anusuchit Jaati Abhyuday Yojna portals to mobile users through a user-friendly digital interface.
The application supports monitoring, reporting, beneficiary tracking, inspections, proposal management, and real-time field reporting.
It enables offline door-to-door surveys and real-time generation of Village Development Plans across 50 socio-economic indicators.
In the GIA component, the app allows digital beneficiary registration and real-time tracking of livelihood and skill development initiatives.
For the Hostel component, the mobile app facilitates electronic submission of construction and repair proposals directly from project sites along with geo-tagged and time-stamped photographs.
Key features of the application include unified login, role-based access, geo-tagging, dashboard reporting, notifications, mobile inspections, and integration with existing portals.
The initiative aims to improve efficiency, strengthen transparency, enable real-time monitoring, and enhance digital governance for inclusive socio-economic development under the vision of Viksit Bharat.

Q3. Under the newly introduced ‘Micro Credit Card Scheme for Micro Enterprises’, what is the maximum limit for revolving credit that an Udyam-registered unit can access without primary security?

(a) ₹1 lakh

(b) ₹2 lakh

(d) ₹10 lakh

(e) ₹25 lakh

Answer: c

Solution:

In May 2026, the Union Minister of Finance and Corporate Affairs launched several major initiatives of Small Industries Development Bank of India aimed at strengthening Micro, Small and Medium Enterprises and modernising rural industries in India.

SIDBI–RRB Co-Lending Platform

The SIDBI–RRB Co-Lending Platform is a digital joint lending model designed to improve MSME credit access in semi-urban and rural areas.
The platform combines SIDBI’s expertise in MSME financing and digital capabilities with the grassroots outreach network of Regional Rural Banks (RRBs).

Modernization of Rural Enterprises (MoRE) Programme

The Modernization of Rural Enterprises Programme is a cluster-based intervention aimed at modernising rural non-farm enterprises.
The programme provides both credit and credit-plus support to enterprises such as jaggery units, oil expellers, pottery units, flour mills, and brass artisan businesses.

Micro Credit Card Scheme for Micro Enterprises

The Micro Credit Card Scheme for Micro Enterprises enables Udyam-registered micro enterprises to access revolving credit facilities of up to ₹5 lakh.
The scheme offers 75 per cent guarantee coverage and does not require mandatory primary security.

SIDBI MSME Exchange – Machinery Portal

The SIDBI MSME Exchange – Machinery Portal is a technology-driven digital platform aimed at supporting MSME capital investment and technology adoption.
The portal integrates machinery discovery with institutional financing support to help MSMEs modernise and expand operations.

Q4. The Centre for HR Information Systems, Research and Analytics in Governance (CHIRAG) was inaugurated in which city in May 2026?

(a) Bengaluru

(b) Chennai

(d) Hyderabad

(e) Jaipur

Answer: d

Solution:

The Centre for HR Information Systems, Research and Analytics in Governance (Chirag) was inaugurated in Hyderabad on 25 May 2026.
The centre has been established at Moula-Ali as part of the digital governance transformation initiative of the Indian Railways.
CHIRAG has been created as a Centre of Excellence focused on human resource management training, research, analytics, and digital transformation in Indian Railways.
The project aims to improve workforce administration through technology-driven human resource systems, advanced analytics, and specialised training programmes.
The centre is expected to become fully operational by May 2028.
Centre for HR Information Systems, Research and Analytics in Governance will provide role-based certified Human Resource Management System (HRMS) training for employees across different cadres of Indian Railways.
It will also develop a dedicated HRMS–MITRA master trainer cadre for deployment at ZRTI centres.
In addition, the centre will function as a think tank for HR policy formulation and inter-system integration within Indian Railways.
CHIRAG plans to integrate advanced technologies such as Artificial Intelligence, Machine Learning, and predictive analytics to strengthen HR-related decision-making processes.

Q5. In May 2026, Kerala’s first private medical museum was inaugurated. In which city is this museum located?

(a) Thiruvananthapuram

(b) Kozhikode

(c)Kochi

(d) Thrissur

(e) Alappuzha

Answer: a

Solution:

In May 2026, Kerala got its first private medical museum established at Ulloor, Thiruvananthapuram.
The museum offers visitors an educational journey through the human body using handcrafted anatomical models, paintings, and medical archives.
The museum was founded by A. Sivaraman, a former artist-modeler at the Government Medical College Thiruvananthapuram.
The initiative aims to promote awareness and understanding of human anatomy and medical science through visual and artistic presentations.

Q6. In May 2026, the Indian Army launched two flagship digital platforms to integrate Artificial Intelligence into its operational framework. What are the names of these two platforms?

(a) Chanakya and Vayu-Force

(b) Kautilya and Q-FORCE

(d) Vikram and Garud-Analytics

(e) Arjun and Combat-Link

Answer: b

Solution:

In May 2026, the Indian Army launched two new digital platforms named Kautilya and Q-FORCE.
The platforms have been introduced to improve real-time decision-making, logistics management, and battlefield support systems.
The initiative reflects the Indian Army’s growing emphasis on integrating Artificial Intelligence and data-driven technologies into its operational framework.
Kautilya focuses on structured data generation, AI-enabled analytics, and a Natural Language Processing (NLP)-powered interface for advanced operational analysis.
Q-FORCE has been developed to streamline logistics, inventory management, and sustainment support across diverse operational terrains.
The development aligns with the broader global transition towards AI-assisted warfare and technology-driven military operations.

Q7. According to the guidelines issued by the Reserve Bank of India (RBI) in May, 2026, what is the maximum continuous tenure allowed for a director on the board of an Urban Co-operative Bank (UCB) before a cooling-off period is required?

(a) 3 years

(b) 5 years

(d) 10 years

(e) 15 years

Answer: d

Solution:

In May, 2026, The Reserve Bank of India (RBI) issued new guidelines regarding the tenure of directors on the boards of cooperative banks.
According to the new directions, a director who has served continuously for 10 years on the board of a cooperative bank can be reappointed only after completing a cooling-off period of three years.
During the cooling-off period, the individual cannot be associated with the same bank in any role other than as a regular member or customer.
However, the restriction does not prevent the person from serving as a director on the board of another bank.
The RBI clarified that for calculating continuous tenure, the total duration served on the board of the Urban Cooperative Bank (UCB) will be considered, including periods before interruptions of less than three years.
Periods of service preceding an interruption of at least three years will not be counted while calculating continuous tenure.
The new RBI directions came into effect immediately.

Q8. What is the name of the online portal launched by the India Semiconductor Mission in May 2026 to boost investor confidence and address concerns related to semiconductor investments in India?

(a) Semicon Connect
(b) Investors Support
(c) Digital Investor Hub
(d) India Chip Portal
(e) Semiconductor Facilitation Network

Answer: b

Solution:

With the objective of boosting investor confidence and addressing investor concerns, the India Semiconductor Mission launched the “Investors Support” online portal on 26 May 2026.
The platform has been developed to provide information related to government schemes, policies, approved projects under the Semicon India Programme, and regulatory requirements for investors interested in investing in India.
The portal also enables investors to register grievances and concerns for resolution by officials of the India Semiconductor Mission.
The grievance redressal mechanism will function with support from nodal officers of concerned ministries, departments, organisations, state governments, approved project companies, and national and international trade bodies and associations.
The initiative is aimed at strengthening India’s semiconductor ecosystem and improving ease of doing business for global and domestic investors.

Q9. Dr. N. Rajam, who was honored with the Padma Vibhushan by the President of India, is an internationally acclaimed maestro of which musical instrument?

(a) Sitar

(b) Violin

(d) Sarod

(e) Tabla

Answer: b

Solution:

The legendary Indian violin maestro Dr. N. Rajam was also honoured with Padma Vibhushan on 25 May, 2025 by President Draupadi Murmu.

Q10. A magnitude 6.0 earthquake struck near Honaunau-Napoopoo in May 2026 on which Hawaiian island?

(a) Maui

(b) Oahu

(d) Molokai

(e) Big Island

Answer: e

Solution:

An earthquake of magnitude 6.0 struck near Honaunau-Napoopoo on the Big Island of Hawaii on 22 May 2026.
Following the earthquake, the state’s volcano observatory began assessing the condition of Kilauea Volcano.

About Big Island

The Big Island is the largest island in the Hawaiian archipelago.
The island is formed by five volcanoes — Kohala, Hualalai, Mauna Kea, Mauna Loa, and Kilauea Volcano.
Among these, Mauna Loa and Kilauea are the most active volcanoes and contribute significantly to the island’s growth.
Mauna Loa is considered the mountain with the greatest mass on Earth.
Kilauea Volcano is one of the world’s most active volcanoes and has been erupting continuously since 1983.
The island is known for its diverse climatic conditions, ranging from tropical rainforests and volcanic deserts to snow-covered mountain peaks.
The Hawaii Volcanoes National Park, a UNESCO World Heritage Site, is located on the island.