Can you score 10/10? Daily CA Quiz (13th May) for RBI, SBI & IBPS

Daily Current Affairs: 14th May, 2026

Q1. N. Rangasamy was sworn in as the Chief Minister of which Union Territory for a record fifth term in May 2026?

(a) Lakshadweep

(b) Puducherry

(d) Chandigarh

(e) Dadra and Nagar Haveli

Answer: b

Solution:

In May 2026, N. Rangasamy of the All-India NR Congress was sworn in as the Chief Minister of Puducherry for a record fifth term.
Lieutant Governor K. Kailashnathan administered the oath of office and secrecy.
Malladi Krishna Rao and A. Namassivayam were also sworn in as Ministers.

Q2. The West Bengal Cabinet, under CM Suvendu Adhikari, approved the Annapurna Bhandaar Scheme in May 2026. What is the monthly financial aid provided under this new scheme?

(a) ₹1,500

(b) ₹2,000

(d) ₹3,000

(e) ₹5,000

Answer: d

Solution:

In May 2026, the Government of West Bengal, led by Chief Minister Suvendu Adhikari, approved the launch of the Annapurna Bhandaar Scheme in its first Cabinet meeting.
The scheme aims to provide ₹3,000 per month as financial assistance to eligible women beneficiaries.
The scheme will come into effect from 1 June 2026.
Financial assistance under the scheme will be transferred directly to beneficiaries through the Direct Benefit Transfer (DBT) system.
The initiative focuses on strengthening the financial empowerment and social security of women.
The new scheme will replace the earlier Lakshmir Bhandar Scheme.
Under the previous scheme, beneficiaries received ₹1,500 for the General category and ₹1,700 for Scheduled Castes and Scheduled Tribes (SC/ST).
The Annapurna Bhandaar Scheme introduces a uniform assistance amount of ₹3,000 per month for all eligible women.

Q3. India concluded its campaign positively at the ISSF World Cup Shotgun 2026 after an Indian pair secured a medal in the trap mixed team event. Which Indian pair won the bronze medal?

(a) Manu Bhaker and Sarabjot Singh

(b) Neeru Dhanda and Vivaan Kapoor

(d) Esha Singh and Arjun Babuta

(e) Rhythm Sangwan and Anish Bhanwala

Answer: b

Solution:

Neeru Dhanda and Vivaan Kapoor won the bronze medal in the trap mixed team event at the ISSF World Cup Shotgun.
The tournament was held in Almaty and concluded on 10 May 2026.
This was the first ISSF World Cup podium finish for both Neeru Dhanda and Vivaan Kapoor in an Olympic event.
The medal marked India’s second overall medal since the trap mixed team event was included in the Olympic programme last year.

Q4. The Government of India has revised the release schedule for provisional annual GDP estimates and Q4 GDP estimates. Under the revised schedule, these estimates will now be released on which date every year?

(a) 31 May

(b) 1 June

(d) 7 June

(e) 10 June

Answer: d

Solution:

The Government of India has revised the release date for the provisional estimates of annual Gross Domestic Product (GDP) and the GDP estimates for the fourth quarter.
Earlier, the estimates were released on the last working day of May every year.
Under the revised schedule, the estimates will now be released on 7 June every year.
The change in the release schedule was made after consultation with the Advisory Committee on National Accounts Statistics.

Q5. In May 2026, the Government of India launched the ‘Bharat Maritime Insurance Pool’ (BMIP). What is the total coverage capacity of the Bharat Maritime Insurance Pool (BMIP)?

(a) USD 500 million

(b) USD 1 billion

(d) USD 1.5 billion

(e) USD 2 billion

Answer: d

Solution:

The Department of Financial Services under the Ministry of Finance launched the Bharat Maritime Insurance Pool.
The launch event was chaired by the Secretary of the Department of Financial Services.
The domestic insurance pool has a coverage capacity of USD 1.5 billion.
The Government of India has provided a sovereign guarantee of USD 1.4 billion (around ₹12,980 crore) to support the initiative.
The BMIP has been created to ensure uninterrupted maritime insurance coverage amid ongoing tensions in the Middle East region.
The insurance pool covers major maritime risks, including Hull and Machinery, Cargo, Protection and Indemnity (P&I), and War Risk.
The coverage applies to Indian-flagged or Indian-controlled vessels, as well as ships destined for or originating from India.

Q6. In May, 2026, A senior Indian Foreign Service officer of the 2007 batch has been appointed as India’s next Ambassador to the Republic of Colombia. Who has been appointed to this diplomatic position?

(a) Prashant Pise

(b) Vinod J. Bahade

(d) Pavan Kapoor

(e) Sanjay Verma

Answer: b

Solution:

Dr. Vinod J. Bahade (IFS: 2007), presently Joint Secretary in the Ministry, has been appointed as the next Ambassador of India to the Republic of Colombia.

Q7. A senior Indian Foreign Service officer of the 2001 batch has been appointed as India’s next Ambassador to the Republic of Peru. Who has been appointed to this position?

(a) Vinod J. Bahade

(b) Prashant Pise

(d) Vikram Misri

(e) Pavan Kapoor

Answer: c

Solution:

Shri C. Sugandh Rajaram (IFS: 2001), presently Joint Secretary in the Ministry, has been appointed as the next Ambassador of India to the Republic of Peru.

Q8. A long-serving African leader was sworn in for a historic seventh presidential term in May 2026, extending his rule to nearly four decades. Who is this leader?

(a) Paul Kagame

(b) Emmerson Mnangagwa

(d) William Ruto

(e) Cyril Ramaphosa

Answer: c

Solution:

In May 2026, Yoweri Museveni was sworn in for a historic seventh term as the President of Uganda.
The new term extends his rule to nearly 40 years in office following his victory in the January 2026 elections.
Yoweri Museveni secured more than 71% of the votes in the election.
Opposition leader Bobi Wine, whose real name is Robert Kyagulanyi, received nearly 25% of the votes.

Q9. A legislator from the Thousand Lights constituency in Chennai was unanimously elected as the Speaker of the 17th Tamil Nadu Legislative Assembly in May 2026. Who was elected to this position?

(a) M. Ravisankar

(b) C. Joseph Vijay

(d) K. Ponmudy

(e) T.R.B. Rajaa

Answer: c

Solution:

J.C.D. Prabhakar of Tamilaga Vettri Kazhagam (TVK) was unanimously elected as the Speaker of the 17th Tamil Nadu Legislative Assembly on 12 May 2026.
J.C.D. Prabhakar represents the Thousand Lights constituency in Chennai.
M. Ravisankar, legislator from the Thuraiyur constituency, was unanimously elected as the Deputy Speaker of the Assembly.
No other nominations were filed for either the Speaker or Deputy Speaker posts.
The unanimous election reflected consensus among members of the Assembly for both constitutional positions.

Q10. The Union Cabinet approved a Scheme for Promotion of Surface Coal/Lignite Gasification Projects to promote surface coal and lignite gasification projects as part of India’s energy security strategy. What is the total financial outlay of the scheme?

(a) ₹25,000 crore

(b) ₹30,000 crore

(d) ₹50,000 crore

(e) ₹75,000 crore

Answer: c

Solution:

The Union Cabinet, chaired by Narendra Modi, approved a Scheme for Promotion of Surface Coal/Lignite Gasification Projects with a financial outlay of ₹37,500 crore.
The scheme aims to accelerate India’s coal and lignite gasification programme and support the national target of gasifying 100 million tonnes of coal by 2030.
The initiative is intended to strengthen energy security and reduce dependence on imports of products such as LNG, urea, ammonia, and methanol.
The scheme targets the gasification of around 75 million tonnes of coal and lignite for the production of syngas and related downstream products.
Financial incentives of up to 20% of the plant and machinery cost will be provided for eligible projects.
Project selection will take place through a transparent and competitive bidding process based on project cost, coal input, and syngas output.
Incentives will be released in four equal instalments linked to project milestones.
The maximum incentive for a single project has been capped at ₹5,000 crore.
The incentive cap for any single product category, except Synthetic Natural Gas and urea, has been fixed at ₹9,000 crore.
A single entity group can receive a maximum incentive of ₹12,000 crore across all projects.
The incentives under the scheme will be in addition to benefits available under commercial coal mining and other Central or State Government schemes.
The Government has also extended coal linkage tenure up to 30 years under the “Production of Syngas leading to Coal Gasification” category in the Non-Regulated Sector linkage auction framework.
The scheme is technology-agnostic, although the adoption of indigenous technologies has been encouraged.