Daily Current Affairs Quiz 1st September, 2026 for Banking & Competitive Exams |

Daily Current Affairs: 1st Septmeber 2026

Q1. According to MoSPI data released for Q1 (April–June) of FY 2026–27, India’s Real GDP recorded a growth rate of:

(a) 6.9%

(b) 7.1%

(d) 8.2%

(e) 10.3%

Answer: c

Solution:

The Ministry of Statistics and Programme Implementation (MoSPI) released the Quarterly Estimates of Gross Domestic Product (GDP) for Q1 (April–June) of FY 2026–27.
Real GDP grew by 7.8% in Q1 FY 2026–27, compared with 6.9% in Q1 FY 2025–26.
Nominal GDP grew by 10.3% in Q1 FY 2026–27, compared with 8.1% in Q1 FY 2025–26.
Real GVA recorded a growth of 8.2%, while Nominal GVA grew by 11.5%.

Sector-wise Growth

The Tertiary Sector recorded the highest growth of 10.0% at constant prices.
Within the tertiary sector, Financial, Real Estate, IT and Professional Services recorded a growth of 12.1%.
The Secondary Sector grew by 8.6% at constant prices.
The Primary Sector recorded a growth of 2.9%, mainly supported by the Agriculture and Allied sector, which grew by 3.6%.

Expenditure-side Growth

Gross Fixed Capital Formation (GFCF) recorded a double-digit growth of 11.9% at constant prices in Q1 FY 2026–27, compared with 5.8% in Q1 FY 2025–26.
Private Final Consumption Expenditure (PFCE) grew by 7.1% at constant prices.

GDP and GVA Values

Real GDP: ₹81.36 lakh crore in Q1 FY 2026–27, compared with ₹75.46 lakh crore in Q1 FY 2025–26.
Nominal GDP: ₹88.27 lakh crore, compared with ₹80.00 lakh crore in Q1 FY 2025–26.
Real GVA: ₹73.82 lakh crore, compared with ₹68.21 lakh crore in Q1 FY 2025–26.
Nominal GVA: ₹80.53 lakh crore, compared with ₹72.24 lakh crore in Q1 FY 2025–26.

Q2. INS Nipun, which was commissioned by the Indian Navy on 31 August 2026 at Naval Dockyard Mumbai, belongs to which class of Diving Support Vessels (DSVs)?

(a) Sandhayak-class

(b) Nistar-class

(d) Kalvari-class

(e) Saryu-class

Answer: b

Solution:

The Indian Navy commissioned INS Nipun, the second Diving Support Vessel (DSV) of the Nistar-class, on 31 August 2026.
The vessel was commissioned at the Naval Dockyard, Mumbai.
Nipun is a specialised platform designed to support a wide range of deep-sea diving and underwater operations.
Its roles include diver support, underwater intervention, salvage missions and complex maritime operations.
The vessel will significantly enhance the Western Naval Command’s capabilities for complex underwater operations.
Nipun also serves as a dedicated diving support and submarine rescue vessel.

Indigenous Design and Construction

Nipun has been indigenously designed and constructed by Hindustan Shipyard Limited (HSL), Visakhapatnam.
The vessel has nearly 75% indigenous content, reflecting India’s growing capabilities in defence shipbuilding.
Its development supports the vision of Aatmanirbhar Bharat and strengthens India’s domestic defence manufacturing ecosystem.

Q3. Which nation won the FIH Men’s Hockey World Cup 2026 title by defeating Spain in the final?

(a) Netherlands

(b) Australia

(d) Belgium

(e) India

Answer: c

Solution:

Germany retained the FIH Men’s Hockey World Cup 2026 title by defeating Spain 1–0 in the final.
The final was played at the Belfius Hockey Arena in Wavre, Belgium.
Michel Struthoff scored the only goal of the final late in the third quarter.
Germany’s goal came from its only opportunity of the match, in a tightly contested game largely controlled by Spain.
The victory secured Germany’s fourth Men’s Hockey World Cup title.

Q4. India’s top-ranked squash player Abhay Singh won the men’s singles title at the Tuanku Muhriz Trophy 2026. In which country was this tournament held?

(a) Singapore

(b) Malaysia

(d) Thailand

(e) Indonesia

Answer: b

Solution:

India’s Abhay Singh won the men’s singles title at the Tuanku Muhriz Trophy 2026 in Seremban, Malaysia.
The top-seeded Abhay Singh defeated third-seeded Henry Leung of Hong Kong, China by 3–2 in the final.
The tournament was a PSA Challenger Tour 15 event.
The victory marked Abhay Singh’s 13th PSA Tour title and his second title of 2026.
His earlier title in 2026 came at the Indian Open in Mumbai in March.
The 27-year-old Indian is ranked World No. 24 and is India’s highest-ranked men’s squash player.
It was also Abhay Singh’s third Tuanku Muhriz Trophy title.
He had previously won the tournament in 2022 and 2024.

Q5. NPCI International Payments Ltd. (NIPL) signed an agreement with NIPC in August 2026 to enable UPI payments for Indian travelers via UZQR codes in which country?

(a) Kazakhstan

(b) Uzbekistan

(d) Sri Lanka

(e) Kyrgyzstan

Answer: b

Solution:

On 30 August 2026, NPCI International Payments Ltd. (NIPL), the international arm of the National Payments Corporation of India (NPCI), entered into a commercial agreement with National Interbank Processing Centre JSC (NIPC).
NIPC operates Uzbekistan’s national payment system, HUMO.
The partnership will enable Indian travellers in Uzbekistan to make instant merchant payments by scanning Uzbekistan’s national interoperable QR code, UZQR, using their familiar UPI-enabled applications.
The agreement was announced during the bilateral visit of Prime Minister Narendra Modi to Uzbekistan.
The agreement followed formal approvals from financial regulators, including the Reserve Bank of India (RBI) and the Central Bank of Uzbekistan (CBU).
The Central Bank of Uzbekistan designated HUMO as NIPL’s authorised partner for cross-border merchant acceptance.

Q6. Where was the 17th Conference of Parties (CoP 17) to the United Nations Convention to Combat Desertification (UNCCD) held in August 2026?

(a) Ulaanbaatar, Mongolia

(b) Riyadh, Saudi Arabia

(d) Geneva, Switzerland

(e) Nairobi, Kenya

Answer: a

Solution:

The 17th Conference of Parties (COP17) to the United Nations Convention to Combat Desertification (UNCCD) was held in Ulaanbaatar, Mongolia, from 17 to 28 August 2026.
Theme: “Restoring Land. Restoring Hope.”
The UNCCD was established in 1994 to protect and restore land and address desertification, the process through which fertile and productive land becomes degraded and unfit for activities such as agriculture.
The UNCCD is the only legally binding international framework specifically addressing desertification and the effects of drought.
The Convention has 197 Parties, comprising 196 country Parties and the European Union.
The Conference of the Parties (COP) is the main decision-making body of the UNCCD.
The COP comprises governments and organisations such as the European Union and guides the Convention in addressing global challenges and national needs.
The UNCCD COP has been held biennially since 2001.
The 16th Conference of Parties (COP16) was held from 2–13 December 2024 in Riyadh, Saudi Arabia.

Q7. According to the Monthly Accounts of the Union Government up to July 2026, what percentage of the Total Receipts (BE 2026–27) has been received by the Government of India?

(a) 28.5%

(b) 32.9%

(d) 41.2%

(e) 45.0%

Answer: c

Solution:

The Monthly Accounts of the Union Government up to July 2026 have been consolidated and published.
The Government of India received ₹13,06,709 crore up to July 2026, which is 35.8% of the corresponding Budget Estimates (BE) 2026–27 of Total Receipts.

Total Receipts

Tax Revenue (Net to Centre): ₹8,44,560 crore
Non-Tax Revenue: ₹4,23,013 crore
Non-Debt Capital Receipts: ₹39,136 crore
Total Receipts: ₹13,06,709 crore

Devolution to States

The Government of India transferred ₹3,72,354 crore to State Governments as devolution of the share of taxes up to July 2026.
This amount was ₹56,190 crore lower than the corresponding figure of the previous year.

Total Expenditure

Total expenditure incurred by the Government of India up to July 2026 stood at ₹17,61,853 crore, representing 32.9% of the corresponding BE 2026–27.
Revenue Expenditure: ₹13,11,218 crore
Capital Expenditure: ₹4,50,635 crore

Components of Revenue Expenditure

Interest Payments: ₹4,26,566 crore
Major Subsidies: ₹1,53,513 crore

Q8. Which three nations are the founding core partners of the Global Combat Air Programme (GCAP) developing the 6th-generation fighter jet?

(a) USA, UK, and Australia

(b) UK, Japan, and Italy

(d) India, Russia, and Japan

(e) UK, Canada, and Japan

Answer: b

Solution:

In August 2026, India formally secured “Dialogue Partner” status in the Global Combat Air Programme (GCAP), a sixth-generation fighter aircraft programme.
The development marks a significant step in India’s exploration of future air combat technologies.
India’s Dialogue Partner status does not make it a buyer, builder or co-developer of the GCAP aircraft.
The status provides India with an opportunity to participate in discussions on the programme’s progress, technology and capabilities.
It gives Indian decision-makers insights into the conceptual framework of a sixth-generation combat aircraft, which could inform India’s long-term choices for the Indian Air Force.

About GCAP

GCAP stands for Global Combat Air Programme.
The programme was launched in 2022.
It is a trilateral initiative of the United Kingdom, Italy and Japan.
The programme aims to achieve shared military and industrial objectives in developing a sixth-generation combat air capability.
The programme is popularly associated with the “Tempest” sixth-generation fighter concept.

Q9. Who has been appointed as the new Chief Executive Officer (CEO) and Director of TVS Motor Company, effective January 2027?

(a) K.N. Radhakrishnan

(b) Peyman Kargar

(d) Venu Srinivasan

(e) Ralf Speth

Answer: b

Solution:

In August 2026, TVS Motor Company announced the appointment of Peyman Kargar as its new Chief Executive Officer (CEO) and Director.
His appointment will be effective from 27 January 2027.
Peyman Kargar will succeed K. N. Radhakrishnan (KNR) as the CEO.
After stepping down from the CEO position, K. N. Radhakrishnan will continue as a Non-Executive Director of the company.
Radhakrishnan will serve as Non-Executive Director until the company’s Annual General Meeting (AGM) in July 2027.

Q10. During Prime Minister Narendra Modi’s state visit to Tashkent in August 2026, India and Uzbekistan officially elevated their bilateral relationship to which of the following levels?

(a) Strategic Partnership

(b) Enhanced Strategic and Economic Partnership

(d) Comprehensive Economic Cooperation Partnership

(e) Comprehensive Strategic Partnership

Answer: e

Solution:

On 30 August 2026, India and Uzbekistan elevated their bilateral relations to a Comprehensive Strategic Partnership.
The announcement was made during Prime Minister Narendra Modi’s state visit to Tashkent, Uzbekistan.
Both countries set a target of USD 5 billion in annual bilateral trade by 2030.
India and Uzbekistan also agreed on a long-term framework for uranium supply from Uzbekistan to India.
The uranium supply framework will support India’s civil nuclear energy sector.

India–Uzbekistan Bilateral Relations

India and Uzbekistan established diplomatic relations in 1992, following the dissolution of the Soviet Union.
Uzbekistan is a landlocked Central Asian republic and a member of the Commonwealth of Independent States (CIS).
India’s engagement with Central Asia includes cooperation in areas such as connectivity, energy and security.