Daily Current Affairs Quiz 14th August 2026 for Banking & Competitive Exams |

Daily Current Affairs: 14 August, 2026

Q1. Dr. Padma Gurmet was conferred the UT Ladakh State Award for 2025 for his exemplary contribution to which traditional medical system?

(a) Unani

(b) Siddha

(d) Homoeopathy

(e) Naturopathy

Answer: c

Solution:

Dr. Padma Gurmet, Director of the National Institute of Sowa-Rigpa, Leh, has been conferred the UT Ladakh State Award for 2025.
The award recognises his contribution to the preservation, promotion and development of the Sowa-Rigpa system of medicine in Ladakh.
The award was presented by the Lieutenant Governor of Ladakh, Vinai Kumar Saxena, during the UT State Awards ceremony.
A total of 36 distinguished individuals were honoured at the ceremony for the years 2022–2025 for their exceptional contributions and exemplary service in various fields.

Q2. What is the official theme of IIHT SUTRA 2026, the inaugural National Conclave of the Indian Institutes of Handloom Technology?

(a) Handloom Heritage: From Tradition to Global Enterprise

(d) Sustainable Textiles: Strengthening India’s Handloom Ecosystem

(e) Local to Global: Elevating Handloom Craftsmanship Worldwide

(b) IIHTs: Weaving the Future of the Indian Handloom Sector – Educate. Innovate. Transform.

Answer: e

Solution:

The Office of the Development Commissioner (Handlooms), Ministry of Textiles, Government of India, organised IIHT SUTRA 2026 – The Inaugural National Conclave of the Indian Institutes of Handloom Technology on 12 August 2026.
The conclave was held at the Dr. Ambedkar International Centre, New Delhi.
IIHT SUTRA 2026 was conceived as a first-of-its-kind national platform bringing together policymakers, academia, industry leaders, research institutions, distinguished alumni and students.
The conclave focused on the future of handloom education and its role in strengthening India’s handloom ecosystem.
The event was organised under the theme “IIHTs: Weaving the Future of the Indian Handloom Sector – Educate. Innovate. Transform.”
The conclave marked a significant step towards repositioning the Indian Institutes of Handloom Technology (IIHTs) as centres of excellence for technical education, research, innovation, entrepreneurship and industry collaboration.

Q3. Who has been appointed as the Member (Law) of the Adjudicating Authority constituted under the Prevention of Money Laundering Act, 2002 (PMLA) in August 2026?

(a) Shri Rahul Navin

(b) Shri Naveen Kumar B

(d) Shri Nitin Gupta

(e) Shri Pravin Srivastava

Answer: b

Solution:

Shri Naveen Kumar B, retired Additional Director (Prosecution), Directorate of Enforcement (ED), has been appointed as Member (Law) of the Adjudicating Authority constituted under the Prevention of Money Laundering Act, 2002 (PMLA).
The appointment was made by the President of India through an Office Order dated 11 August 2026.
The order was issued by the Department of Revenue, Ministry of Finance, Government of India.

Q4. Under the revised framework issued by SEBI in August 2026, what is the new deadline for listed municipalities to submit their half-yearly unaudited financial results to stock exchanges?

(a) Within 30 days

(b) Within 45 days

(d) Within 90 days

(e) Within 120 days

Answer: c

Solution:

The Securities and Exchange Board of India (SEBI) has relaxed the timelines for municipalities with listed municipal debt securities to submit their financial results to stock exchanges.
Under the revised framework, listed municipalities will now be required to submit half-yearly unaudited financial results within 60 days from the end of the first half of the financial year.
Earlier, the deadline for submitting half-yearly unaudited financial results was 45 days.
Annual audited financial results will now have to be submitted within 90 days from the end of the financial year, along with the audit report.
Earlier, municipalities were required to submit annual audited financial results within 60 days.
SEBI stated that the timelines were relaxed considering practical challenges faced by municipalities in data collection, interdepartmental coordination and meeting disclosure requirements.
The changes form part of the operational measures introduced by SEBI through a circular amending the framework for the issue and listing of municipal debt securities.

Q5. ‘Udara Shakti 2026’ is a bilateral air exercise conducted between the Indian Air Force (IAF) and the air force of which country?

(a) Indonesia

(b) Malaysia

(d) Singapore

(e) Vietnam

Answer: b

Solution:

The Indian Air Force (IAF) and the Royal Malaysian Air Force (RMAF) commenced the bilateral air exercise Udara Shakti 2026 on 10 August 2026.
The five-day exercise is being conducted from 10 to 14 August 2026 at Subang Air Base, Malaysia.
Udara Shakti is a bilateral air exercise between India and Malaysia aimed at strengthening cooperation and interoperability between the two air forces.

Q6. Which former Chief Justice of India (CJI) was appointed by Russia as its nominee arbitrator in an investment treaty dispute brought by Ukrainian state-owned bank Oschadbank?

(a) Justice U. U. Lalit

(b) Justice N. V. Ramana

(d) Justice Sharad Arvind Bobde

(e) Justice Ranjan Gogoi

Answer: c

Solution:

Former Chief Justice of India (CJI) D.Y. Chandrachud has been appointed by Russia as its arbitrator in an investment treaty dispute involving Oschadbank, a Ukrainian state-owned bank.
The dispute is being heard by a three-member arbitral tribunal under the 1998 Bilateral Investment Treaty (BIT) between Ukraine and Russia.

Q7. The statewide prohibition on gutkha and tobacco-infused products in Karnataka was enforced by exercising powers under Section 30(2)(a) of which landmark act?

(a) Food Safety and Standards Act (FSSA), 2006

(b) Cigarettes and Other Tobacco Products Act (COTPA), 2003

(d) Consumer Protection Act, 2019

(e) Essential Commodities Act, 1955

Answer: a

Solution:

In August 2026, the Karnataka Government prohibited the manufacture, storage, distribution, transportation and sale of products containing tobacco or nicotine across the state.
The prohibition covers products such as gutka, pan masala and other tobacco- or nicotine-containing products, along with their related commercial supply chains.
The statewide prohibition has been imposed for a period of one year.
The notification was issued by the Commissioner of the Department of Food Safety and Drugs Administration under Section 30(2)(a) of the Food Safety and Standards Act, 2006.
The latest prohibition has also been issued under Regulation 2.3.4 of the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations, 2011.
Karnataka had previously prohibited the manufacture and sale of gutka and pan masala containing tobacco or nicotine in 2013.

Q8. Which Ministry launched the Prime Minister Research Chair (PMRC) Scheme to engage distinguished Indian-origin international researchers in India’s academic ecosystem?

(a) Ministry of Science and Technology

(b) Ministry of Education

(d) Ministry of Electronics and Information Technology

(e) Ministry of Commerce and Industry

Answer: b

Solution:

The Ministry of Education has launched the Prime Minister Research Chair (PMRC) Scheme to attract and engage distinguished Indian-origin researchers, scientists and professionals with international research experience.
The scheme aims to strengthen India’s higher education and research ecosystem through research, mentorship and institutional capacity-building across national priority thematic areas.
The PMRC Scheme provides fellowships under three categories: Research Chair, Senior Fellow and Young Research Fellow.
Under the scheme, seven institutions have been identified as Lead Institutions.
More than 3,600 applications for fellowships and more than 400 applications from host institutions have been received so far.
The Government has allocated ₹200 crore for the PMRC Scheme for 2026–27.
The scheme seeks to strengthen the position of India as a global hub of research, innovation and knowledge creation.
It will facilitate the structured engagement of Indian-origin researchers and scientists with Higher Education Institutions (HEIs), national laboratories and research centres in India.

Q9. Who assumed charge as Secretary, Department of Water Resources, River Development & Ganga Rejuvenation (DoWR, RD & GR) in August 2026?

(a) Smt. Debashree Mukherjee

(b) Smt. Archana Varma

(d) Smt. Nidhi Khare

(e) Shri Pankaj Kumar

Answer: b

Solution:

Smt. Archana Varma assumed charge as Secretary, Department of Water Resources, River Development & Ganga Rejuvenation (RD & GR), Ministry of Jal Shakti, on 12 August 2026.
She is a 1995-batch IAS officer of the Assam cadre.
Upon assuming charge, she was welcomed by Joint Secretary (Administration), Shri Karan Singh, along with other officials of the Department.

Q10. Who was elected by Hungary’s parliament as the country’s next President in August 2026?

(a) Péter Magyar

(b) Tamás Sulyok

(d) András Baka

(e) Katalin Novák

Answer: d

Solution:

In August 2026, Hungary’s Parliament elected former Supreme Court Chief Andras Baka as the country’s next President.
Baka will serve in the largely ceremonial position of President of Hungary.
He was elected with the support of members of the governing centre-right Tisza Party.