Daily Current Affairs Quiz 12th June 2026 for Banking & Competitive Exams |

Daily Current Affairs: 12 June, 2026

Q1. The Government of India in June 2026 approved a substantial increase in the maximum loan amount capped for Large Sized NBFC-MFIs/MFIs under the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) framework to ensure smoother credit flow. What is the newly approved loan ceiling limit?

(a) ₹500 crore

(b) ₹600 crore

(d) ₹1,000 crore

(e) ₹1,200 crore

Answer: d

Solution:

In June 2026, the Government of India approved the extension of the Credit Guarantee Scheme for Microfinance Institutions (CGSMFI-2.0) until 31 August 2026 or until guarantees worth ₹20,000 crore are issued, whichever is earlier.
The Government also approved an increase in the maximum loan limit for Large NBFC-MFIs/MFIs from ₹300 crore to ₹1,000 crore, subject to the overall ceiling of 20% of Assets Under Management (AUM).
The decision is expected to improve the utilisation of the scheme and facilitate greater credit flow to the microfinance sector.
CGSMFI-2.0 was launched by the Central Government on 20 March 2026 to provide credit guarantee support for loans extended by Banks and Financial Institutions to Non-Banking Financial Company–Microfinance Institutions (NBFC-MFIs) and Microfinance Institutions (MFIs).
The guarantee is provided through the National Credit Guarantee Trustee Company Limited (NCGTC) against expected losses on loans given by banks and financial institutions for onward lending to small borrowers.
As of June 2026, loans worth ₹770 crore have been sanctioned under the scheme.

Salient Features of CGSMFI-2.0

The scheme covers existing as well as new small borrowers who fall within the Reserve Bank of India’s (RBI) regulatory definition of microfinance borrowers.
Guarantee Coverage:
- 80% of the default amount for Small NBFC-MFIs/MFIs.
- 75% for Medium NBFC-MFIs/MFIs.
- 70% for Large NBFC-MFIs/MFIs.
Guarantee Fee: 0.50% per annum on the sanctioned amount during the first year and on the outstanding amount thereafter.
Interest Rate for Lending Institutions: Capped at EBLR or MCLR + 2% per annum on loans provided to NBFC-MFIs/MFIs.
Interest Rate for End Borrowers: MFIs/NBFC-MFIs are required to keep the lending rate 1% below their average lending rate of the previous six months while extending loans to small borrowers

Q2. The Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0), which achieved a milestone of crossing 1 lakh guarantee issuances in June 2026, was specifically introduced to inject emergency liquidity into the Indian corporate and MSME ecosystems. What is the total targeted additional credit flow envisioned under this scheme?

(a) ₹1,500 crore

(b) ₹48,484.26 crore

(d) ₹2,55,000 crore

(e) ₹3,00,000 crore

Answer: d

Solution:

The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 on 5 May 2026 to provide additional credit support to businesses affected by the West Asia crisis.
As of 9 June 2026, the scheme has crossed the milestone of one lakh guarantees, with a total of 1,06,549 guarantees issued.
The total value of guarantees issued under the scheme has reached ₹48,484.26 crore, reflecting the extensive credit protection extended to lending institutions.
The MSME sector has emerged as the principal beneficiary, accounting for 96% of the total guarantees issued by number and 86% of the total guaranteed amount.
Public Sector Banks (PSBs) have played a leading role in implementing the scheme, contributing 96% of all guarantees issued, ensuring rapid adoption and wider outreach.
The scheme provides 100% guarantee coverage for loans extended to the MSME sector and 90% guarantee coverage for the non-MSME sector, encouraging banks and financial institutions to extend credit with reduced risk.
ECLGS 5.0 aims to provide additional credit of ₹2.55 lakh crore to existing eligible borrowers to help them overcome liquidity challenges arising from the ongoing geopolitical situation in West Asia.
The scheme is expected to improve liquidity, support business continuity, protect employment, and strengthen economic resilience during periods of external economic uncertainty.

Q3. In June 2026, who among the following young sports personalities from India became the world’s No. 1 ranked Under-13 player in international junior tennis?

(a) Srishti Kiran

(b) Ananya Agrawal

(d) Shruti Ahlawat

(e) Riya Bhatia

Answer: a

Solution:

In June 2026, Srishti Kiran from Bengaluru became the World No. 1 Under-13 tennis player.
The 13-year-old achieved the milestone after winning five consecutive ITF Junior titles and finishing runner-up at the ITF World Tennis Tour Juniors J100 Guatemala.
Following her impressive performances, Srishti climbed to a career-high ITF Junior Ranking of No. 357, the highest-ranked player in the world among the Under-13 age group.
Her achievement is particularly remarkable because she competed in only eight ITF ranking tournaments, compared to the maximum of 10 tournaments considered for the rankings.
Despite participating in fewer events than many of her competitors, Srishti’s consistent performances enabled her to secure the top position in the global Under-13 rankings.

Q4. In June 2026, Union Minister of State Sushri Shobha Karandlaje led a high-level Indian delegation to the 114th International Labour Conference (ILC). In which of the following global cities was this landmark international conference organized?

(a) Paris, France

(b) New York, USA

(d) London, United Kingdom

(e) Vienna, Austria

Answer: c

Solution:

Union Minister of State for Labour and Employment Shobha Karandlaje led the Indian delegation at the 114th International Labour Conference held in Geneva, Switzerland.
The conference is organized annually by the International Labour Organization and serves as the highest decision-making forum on global labour and employment issues.
India’s participation reaffirmed its commitment to inclusive economic growth, gender equality, decent work, and social dialogue.

Q5. According to official economic performance indicators compiled by the DPIIT, what absolute volume of cumulative Foreign Direct Investment (FDI) inflows did India attract during the 12-year period spanning from 2014-15 to 2025-26?

(a) $750 billion US dollars

(b) $812 billion US dollars

(d) $940 billion US dollars

(e) $972 billion US dollars

Answer: c

Solution:

India attracted cumulative Foreign Direct Investment (FDI) inflows of USD 843 billion during the period 2014–15 to 2025–26, marking a 169% increase compared to the previous 12-year period.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), the country recorded a historic FDI inflow of over USD 94 billion in FY 2025–26, despite a challenging global economic environment.
The record inflow reflects sustained investor confidence in India’s economic growth, policy reforms, and business-friendly investment climate.
More than 90% of the total equity FDI inflows during FY 2025–26 came through the automatic route, highlighting the Government’s efforts to simplify investment procedures and reduce regulatory barriers.
The robust FDI performance has been supported by reforms aimed at improving ease of doing business, liberalising FDI policies, strengthening manufacturing, and promoting investment across key sectors.
The continued rise in foreign investment is expected to boost industrial growth, technology transfer, employment generation, exports, and overall economic development.

Q6. The 2026 FIFA World Cup features automatic tournament qualification for its host nations. Which of the following combinations of countries represents the official co-hosts of this event?

(a) United States, Brazil, and Argentina

(b) United States, Canada, and Mexico

(d) Canada, Mexico, and Cuba

(e) United States, United Kingdom, and Canada

Answer: b

Solution:

The 2026 FIFA World Cup, the world’s biggest football tournament, begins on 11 June 2026 and will continue until 19 July 2026.
The tournament is being jointly hosted by United States, Canada, and Mexico, marking the first time that three countries are co-hosting the FIFA World Cup.
The 2026 edition is the largest FIFA World Cup in history, featuring 48 teams, an expansion from the 32-team format used in previous tournaments.
As host nations, the United States, Canada, and Mexico qualified automatically for the tournament.
The remaining 45 teams secured qualification through a two-year qualifying campaign conducted across FIFA’s continental confederations.

Q7. In June 2026, the Union Finance Ministry announced a complete exemption from central excise duty on certain variants of ethanol-blended petrol. Which of the following sets of blend percentages has been granted a ‘nil’ rate of excise duty under this new notification?

(a) 5%, 10%, 15%, and 20%

(b) 12%, 15%, 20%, and 25%

(d) 22%, 25%, 27%, and 30%

(e) 25%, 30%, 35%, and 40%

Answer: d

Solution:

In June 2026, the Government of India waived Central Excise Duty on certain variants of ethanol-blended petrol to promote the use of cleaner and more sustainable fuels.
The Union Ministry of Finance issued a notification exempting petrol blended with 22%, 25%, 27%, and 30% ethanol from Central Excise Duty.
Following the notification, all four ethanol-blended petrol variants will now attract a nil rate of Central Excise Duty.
The decision is aimed at strengthening India’s Ethanol Blending Programme (EBP) and accelerating the adoption of higher ethanol blends in the transport sector.
The initiative seeks to reduce India’s dependence on imported crude oil, thereby improving the country’s energy security.

Q8. In June, 2026, Union Home Minister Amit Shah launched a cutting-edge digital platform named ‘VINIMAY’ in New Delhi. Which of the following infrastructure segments is this platform designed to digitally transform?

(a) Major Seaports and Container Freight Stations

(b) International Land Ports and Border Checkpoints

(d) Civil Aviation Cargo Hubs

(e) Multi-Modal Logistics Parks (MMLPs)

Answer: b

Solution:

Union Home Minister Amit Shah launched the Land Port Management System (LPMS) – VINIMAY in New Delhi on 9 June 2026.
VINIMAY is a comprehensive digital platform developed to transform the management of cargo, passengers, and vehicles at India’s international land ports through real-time coordination and technology-driven operations.
The platform integrates the operations of land ports into a single digital ecosystem, enabling seamless coordination among all stakeholders involved in cross-border trade and travel.
The system facilitates the secure, real-time exchange of logistics and regulatory information between various government agencies and other stakeholders.
VINIMAY is designed to bring India’s land ports at par with the advanced digital systems already operational at the country’s airports and seaports.
The platform is expected to improve operational efficiency, reduce processing time, and enhance the ease of doing business by streamlining cross-border movement.
It will also facilitate the smooth and secure movement of goods, passengers, and vehicles across India’s international land borders.

Q9. The Cabinet Committee on Economic Affairs (CCEA) recently approved a landmark administrative infrastructure project to construct the Central Government General Pool Office Accommodation (CGGPOA). In which city is this unified central complex scheduled to be built?

(a) Visakhapatnam

(b) Hyderabad

(d) Vijayawada

(e) Tirupati

Answer: c

Solution:

In June 2026, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the construction of the Central Government General Pool Office Accommodation (CGGPOA) in Amaravati, Andhra Pradesh.
The project is a landmark initiative in the Greenfield Capital City of Amaravati, which is being developed as a world-class urban centre.
The primary objective of the project is to meet the growing demand for office space by providing integrated office accommodation for various Central Government departments and offices under one roof.
The consolidation of multiple Central Government offices at a single location is expected to improve inter-departmental coordination, enhance administrative efficiency, and facilitate better delivery of public services.

Q10. In June 2026, India announced a financial contribution to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) to support core public services like education and healthcare. What is the exact amount released by India as the first tranche of its annual assistance program?

(a) 1.25 million US dollars

(b) 2.50 million US dollars

(d) 5.00 million US dollars

(e) 10.00 million US dollars

Answer: b

Solution:

India announced a USD 2.5 million contribution to the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) on 11 June 2026.
The contribution represents the first tranche of India’s annual assistance of USD 5 million to UNRWA for supporting Palestinian refugees.
The financial assistance reaffirms India’s longstanding commitment to providing humanitarian support to Palestinian refugees through the United Nations system.