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

Daily Current Affairs: 12 October 2026

Q1. The Indian Navy’s guided-missile stealth frigate INS Trishul arrived at Plymouth, United Kingdom, in October 2026 to participate in which bilateral maritime exercise with the Royal Navy?

(a) Exercise VARUNA

(b) Exercise SAMUDRA SHAKTI

(d) Exercise SLINEX

(e) Exercise JIMEX

Answer: c

Solution:

The Indian Navy’s guided-missile stealth frigate INS Trishul arrived at Plymouth, United Kingdom, to participate in Exercise KONKAN-26 with the Royal Navy.
The annual bilateral maritime exercise is being conducted from 8–15 October 2026 in two phases.
Harbour Phase: Includes professional interactions, cross-deck visits, sports fixtures, cultural engagements and ship visits.
Sea Phase: Features operational drills across the air, surface and sub-surface domains.
Major activities include cross-deck landings, firing serials, air defence exercises, complex seamanship evolutions and anti-submarine warfare exercises.
The exercise strengthens interoperability, mutual understanding and maritime security cooperation between India and the United Kingdom.

Q2. Yard 3040 (Shreyas), a Next Generation Offshore Patrol Vessel (NGOPV), was launched at Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata in October 2026. Which two shipyards are concurrently constructing the NGOPVs for the Indian Navy?

(a) Mazagon Dock Shipbuilders Ltd (MDSL) & Cochin Shipyard Ltd (CSL)

(b) Goa Shipyard Limited (GSL) & Garden Reach Shipbuilders & Engineers (GRSE)

(d) Cochin Shipyard Ltd (CSL) & Goa Shipyard Limited (GSL)

(e) Naval Dockyard Mumbai & MDSL

Answer: b

Solution:

Yard 3040, named Shreyas, a Next Generation Offshore Patrol Vessel (NGOPV), was launched on 10 October 2026 at Garden Reach Shipbuilders & Engineers (GRSE), Kolkata.
The vessel was launched by Mrs Reyman Kochhar in the presence of Vice Admiral Ajay Kochhar, Vice Chief of the Naval Staff.
NGOPVs are being constructed at two shipyards: GRSE, Kolkata, and Goa Shipyard Limited (GSL), Goa.
These indigenously designed and built vessels will augment the existing Offshore Patrol Vessels (OPVs) and New Offshore Patrol Vessels (NOPVs).
Their missions include maritime surveillance, search and rescue, offshore asset protection, Humanitarian Assistance and Disaster Relief (HADR), and anti-piracy operations.
Shreyas is a Sanskrit word meaning “Best” or “Most Excellent.”

Q3. The International Day of the Girl Child was observed globally on 11 October 2026 under the theme “End child marriage and invest in girls’ rights”. In which year was the landmark Beijing Declaration and Platform for Action adopted?

(a) 1985

(b) 1990

(d) 2000

(e) 2011

Answer: c

Solution:

The International Day of the Girl Child is observed annually on 11 October.
2026 Theme: “End child marriage and invest in girls’ rights.”
The day promotes girls’ rights, leadership, participation and equal opportunities.
In 1995, the World Conference on Women in Beijing adopted the Beijing Declaration and Platform for Action, which specifically addressed girls’ rights.
On 19 December 2011, the United Nations General Assembly adopted Resolution 66/170, declaring 11 October as the International Day of the Girl Child.
The observance highlights the need to end child marriage and ensure girls’ freedom to learn, grow and make decisions about their futures.

Q4. The Reserve Bank of India (RBI) announced a special foreign exchange facility to meet the daily US dollar requirements of three state-owned Oil Marketing Companies (OMCs). Which three OMCs are covered under this facility starting October 12, 2026?

(a) IOCL, HPCL, and GAIL

(b) IOCL, BPCL, and ONGC

(d) HPCL, BPCL, and OIL

(e) ONGC, GAIL, and HPCL

Answer: c

Solution:

The Reserve Bank of India (RBI) announced a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies.
The facility covers Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL).
The RBI will sell US dollars to these companies through designated banks to meet their foreign exchange requirements.
The facility will take effect on 12 October 2026 and remain operational until further notice.
The decision was taken after an assessment of prevailing market conditions and aims to facilitate the foreign exchange requirements of these companies.

Q5. According to UNCTAD’s Trade and Development Report (TDR) 2026, India accounted for what percentage share of global greenfield investments during the period 2020–2025?

(a) 2.8%

(b) 4.0%

(d) 7.0%

(e) 8.1%

Answer: c

Solution:

The Trade and Development Report (TDR) 2026 was released by UN Trade and Development (UNCTAD).
The report stated that India’s share of global greenfield investment during 2020–2025 was 5.7%, more than double China’s share of 2.8%.
The TDR was first launched in 1981 and is published annually.
Global trade is projected to grow by 4% in 2026, following growth of 4% in 2025, according to the figures provided in the source.
Global trade reached a record US$35 trillion in 2025.
Global economic growth is projected to slow to 2.6% in 2026, from 2.9% in 2025.
Developing economies are projected to grow by 4% in 2026, compared with 4.7% in 2025.
Asia is projected to contribute 59% of global economic growth in 2026.
Artificial intelligence products, particularly advanced computing equipment deployed in data centres, have emerged as a major driver of merchandise trade.
Strategic sectors increased their share of global greenfield investment from 16% in 2020 to 44% in 2025.

Strategic Investment Highlights

AI infrastructure and related technologies: 12.4% of global greenfield investment.
Semiconductor value chain: 8.1%.
Energy-transition technologies and services: 7.8%.
Strategic investment was concentrated in Europe (28.4%) and North America (28%).
Developing Asia accounted for 26.5% of strategic investment among developing economies.

India-Specific Findings

India accounted for 5.7% of global greenfield investment during 2020–2025, compared with Malaysia at 4%, Indonesia at 3.8% and China at 2.8%.
India is among the leading destinations for new investment in developing Asia.
The report projects India’s GDP growth at 7.3% in 2026 and 8% in 2027, supported by domestic demand, manufacturing capacity and public infrastructure programmes.
Household consumption growth in India is estimated at 9% in 2026 and 5.6% in the following year.