Daily Current Affairs Quiz 29th August 2026 for Banking & Competitive Exams |

Daily Current Affairs: 29 August, 2026

Q1. What was the Quick Estimate growth rate recorded for India’s Index of Industrial Production (IIP) for the month of July 2026?

(a) 5.8%

(b) 6.7%

(d) 8.1%

(e) 9.2%

Answer: b

Solution:

India’s Index of Industrial Production (IIP) recorded a growth of 6.7% in July 2026, compared with 7.3% (Quick Estimate) in June 2026.
The Quick Estimate of IIP stood at 124.8 in July 2026, against 117.0 in July 2025.

Sector-wise Growth in July 2026

Mining and Quarrying: –0.9%
Manufacturing: 7.3%
Electricity and Gas Supply: 8.7%
Water Supply, Sewerage and Waste Management: 7.4%

Sector-wise Index in July 2026

Mining and Quarrying: 94.4
Manufacturing: 127.4
Electricity and Gas Supply: 133.5
Water Supply, Sewerage and Waste Management: 148.4

Manufacturing Sector

19 out of 23 industry groups at the NIC 2-digit level recorded positive growth in July 2026 over July 2025.
The top three positive contributors were:
- Manufacture of electrical equipment: 28.3%
- Manufacture of motor vehicles, trailers and semi-trailers: 22.2%
- Manufacture of machinery and equipment n.e.c.: 12.1%

Other Key Points

The June 2026 IIP data underwent final revision based on updated information received from source agencies.
The Quick Estimates for July 2026 and the final estimates for June 2026 were compiled at weighted response rates of 88.9% and 93.0%, respectively.
The IIP data are presented according to NIC-2025 classification.
The IIP for August 2026 is scheduled to be released on Monday, 28 September 2026.

Q2. Indian Grandmaster R. Praggnanandhaa script history in August 2026 by becoming the first Indian to win which prestigious global chess title?

(a) FIDE World Cup

(b) Tata Steel Masters

(d) World Rapid & Blitz Championship

(e) Candidates Tournament

Answer: c

Solution:

In August 2026, Indian Grandmaster R. Praggnanandhaa created history by becoming the first Indian to win the Grand Chess Tour.
He defeated defending champion Fabiano Caruana of the United States in the final.
The final was held in St. Louis, United States.
Praggnanandhaa staged a remarkable comeback to win the final by 15–13.
With this victory, he became the first Indian chess player to claim the prestigious Grand Chess Tour title

Q3. The Indian Navy recently took delivery of its first Multi-Purpose Vessel (MPV) named ‘Samarthak’ in August 2026. Which defense shipbuilder manufactured this vessel?

(a) Mazagon Dock Shipbuilders Limited (MDL)

(b) Garden Reach Shipbuilders & Engineers (GRSE)

(d) Cochin Shipyard Limited (CSL)

(e) Goa Shipyard Limited (GSL)

Answer: c

Solution:

Samarthak, the first Multi-Purpose Vessel (MPV), was delivered to the Indian Navy on 27 August 2026.
The vessel was built by Larsen & Toubro Ltd. (L&T) at Kattupalli.
The ship has over 75% indigenous content.
It has been designed as a versatile trial and evaluation platform.
Samarthak is capable of carrying out maritime surveillance and reconnaissance, offshore patrolling, and Humanitarian Assistance and Disaster Relief (HADR) operations.
The name ‘Samarthak’ means “The Proponent”.
The name reflects the vessel’s role as a dependable enabler of multiple missions.
True to its multi-purpose nature, the ship is designed to support a wide spectrum of activities rather than a single specific task.
The delivery of Samarthak marks another milestone in the Indian Navy’s indigenous shipbuilding journey.
It also reaffirms the Government’s vision of Aatmanirbhar Bharat and India’s pursuit of a self-sustaining domestic defence industrial ecosystem.

Q4. King Harald V of Norway, who passed away in August 2026, holds what historical distinction in Norwegian royal history?

(a) He was the first monarch to abdicate in modern Norwegian history

(b) He was the first king born in Norway since the 14th Century

(d) He was the first king to hold a prime ministerial role simultaneously

(e) He was the first Norwegian king to hold a doctorate in economics

Answer: b

Solution:

In August 2026, Prime Minister Narendra Modi condoled the passing of His Majesty King Harald V of the Kingdom of Norway.
King Harald V passed away at the age of 89.
He was Norway’s first king to be born in Norway since the 14th century.
King Harald V has been succeeded by his son, Haakon.

Q5. In August 2026, U.S. President Donald Trump signed an executive order directing federal agencies to officially refer to Lake Ontario by which new name?

(a) Lake Superior North

(b) Lake America

(d) Lake Freedom

(e) Gulf of America

Answer: b

Solution:

On 27 August 2026, US President Donald Trump signed an Executive Order to change the name of Lake Ontario to “Lake America” for all federal purposes within the United States.
The decision came amid growing tensions between the United States and Canada.
According to the White House, the Executive Order was issued to reflect the historical significance of the lake to the United States.
The renaming applies to US federal usage and purposes.