Daily Current Affairs Quiz 2nd May 2026 for Banking & Competitive Exams |

Daily Current Affairs: 2na May, 2026

Q1. In April 2026, the Ministry of Information & Broadcasting appointed a prominent filmmaker as the Festival Director for a major international film event in India. Who has been appointed as the Festival Director for the 57th IFFI?

(a) Karan Johar

(b) Ashutosh Gowariker

(d) Rajkumar Hirani

(e) Anurag Kashyap

Answer: b

Solution:

The Ministry of Information and Broadcasting has appointed Ashutosh Gowariker as the Festival Director for the 57th edition of the International Film Festival of India.
The festival will be held in Goa.
Ashutosh Gowariker is a renowned filmmaker known for his significant contributions to Indian cinema.
He has had a long-standing association with IFFI, spanning several decades.
His appointment reflects his deep engagement with cinematic arts and international film culture.
Overall, the move aims to strengthen the festival’s global outreach and artistic direction.

Q2. India’s first Multi-Lane Free Flow (MLFF) barrier-less tolling system was recently operationalised on which National Highway?

(a) NH-44

(b) NH-16

(d) NH-48

(e) NH-27

Answer: d

Solution:

Nitin Gadkari announced the launch of India’s first Multi-Lane Free Flow (MLFF) barrier-less tolling system.
The system has been introduced at the Chorayasi Toll Plaza on the Surat–Bharuch section of NH-48 in Gujarat.
MLFF enables seamless toll collection without stopping vehicles, ensuring uninterrupted traffic flow.
It uses advanced technologies such as Automatic Number Plate Recognition (ANPR) and FASTag.
The initiative marks a major step in the digitisation and modernisation of India’s tolling ecosystem.
It is expected to reduce travel time, ease congestion, and improve fuel efficiency.

Q3. In a recent administrative development, a senior bureaucrat has taken charge as Secretary of a key ministry responsible for promoting small businesses and entrepreneurship in India in May 2026. Who has been appointed as Secretary, Ministry of MSME?

(a) Rajiv Kumar

(b) Bharat Khera

(d) T.V. Somanathan

(e) Anurag Jain

Answer: b

Solution:

Bharat Khera has assumed charge as the Secretary of the Ministry of Micro, Small and Medium Enterprises.

Q4. In May 2026, which of the following states was officially declared as the first in India to achieve a completely paperless judiciary?

(a) Kerala

(b) Sikkim

(d) Gujarat

(e) Telangana

Answer: b

Solution:

Surya Kant declared Sikkim as the first paperless state judiciary in India.
The announcement was made during the National Conference on Technology and Judicial Education.
The conference was held in Gangtok.

Q5. The International Labour Organisation (ILO) has announced the theme for May Day 2026. What is the specific focus of this year’s theme?

(a) Climate Change and Labour

(b) Universal Basic Income for All

(d) Digitalization of the Workforce

(e) Safety and Health at Work

Answer: c

Solution:

International Labour Day, also known as May Day, is celebrated every year on 1 May worldwide.
The day honours the contributions and rights of workers and recognises their role in economic and social development.
It commemorates workers’ struggles and sacrifices in securing fair wages, better working conditions, and labour rights.
The origin of the day is linked to the Haymarket Affair in Chicago, United States, where workers protested for an eight-hour workday.
In 1889, socialist groups in Europe declared 1 May as International Labour Day, and it has been observed annually since then.
The theme for 2026, as given by the International Labour Organization, is “Ensuring a Healthy Psychosocial Working Environment.”

Q6. What was the total gross GST collection recorded in April 2026, marking an all-time high for India’s indirect tax revenue?

(a) ₹1.87 lakh crore

(b) ₹2.10 lakh crore

(d) ₹2.42 lakh crore

(e) ₹2.75 lakh crore

Answer: d

Solution:

India recorded a record-high GST collection in April 2026, reflecting strong economic activity.
The gross GST collection crossed ₹2.42 lakh crore, marking an 8.7% increase compared to April 2025 (₹2.23 lakh crore).
The Central GST (CGST) collection stood at over ₹52,000 crore.
The State GST (SGST) collection was over ₹61,300 crore.
The Integrated GST (IGST) collection amounted to ₹1,29,232 crore.
The record collections indicate improved tax compliance, higher consumption, and better economic momentum.

Q7. Which North-Eastern state has recently launched the “Khuarel” mobile application for real-time disaster incident reporting?

(a) Manipur

(b) Mizoram

(d) Nagaland

(e) Tripura

Answer: b

Solution:

Mizoram has launched the “Khuarel” mobile application.
The app is designed as a real-time disaster incident reporting and management system.
It aims to improve coordination and information flow during emergencies.

Q8. As per the latest RBI circular, non-deposit-taking NBFCs are exempt from registration requirements if their asset size is below which threshold?

(a) ₹100 crore

(b) ₹500 crore

(d) ₹5,000 crore

(e) ₹1,000 crore

Answer: e

Solution:

The Reserve Bank of India has provided regulatory relief to certain Non-Banking Financial Companies (NBFCs).
Non-deposit-taking NBFCs with an asset size of less than ₹1,000 crore and not availing public funds are exempted from registration and reserve fund requirements.
The exemption will come into effect from 1 July 2026.
The RBI issued a circular formalising this decision.
Additionally, RBI has released revised directions on relief measures in areas affected by natural calamities.
Under the new guidelines, banks can extend relief measures to affected borrowers without waiting for individual requests.
These guidelines will also be effective from 1 July 2026.

Q9. The ‘INS Mahendragiri’ (Yard 12654), which was recently delivered to the Indian Navy, was built by which of the following organizations?

(a) Garden Reach Shipbuilders & Engineers (GRSE), Kolkata

(b) Cochin Shipyard Limited (CSL), Kochi

(d) Mazagon Dock Shipbuilders Limited (MDSL), Mumbai

(e) Hindustan Shipyard Limited (HSL), Visakhapatnam

Answer: d

Solution:

INS Mahendragiri (Yard 12654), the sixth ship of the Nilgiri-class (Project 17A), was delivered to the Indian Navy on 30 April 2026.
The warship was built at Mazagon Dock Shipbuilders Limited in Mumbai.
It is the fourth Project 17A ship constructed by MDSL, marking a major milestone in India’s self-reliance in warship building.
Project 17A frigates are advanced multi-mission stealth warships designed for modern maritime challenges.
The ship has been designed by the Warship Design Bureau and overseen by the Warship Overseeing Team (Mumbai).
The vessel is equipped with Combined Diesel or Gas (CODOG) propulsion, Controllable Pitch Propellers (CPP), and an Integrated Platform Management System (IPMS).
It features a comprehensive weapon and sensor suite, including anti-surface, anti-air, and anti-submarine warfare capabilities.
INS Mahendragiri is the sixth P17A ship delivered within 17 months, following the delivery of INS Nilgiri in December 2024.

Q10. According to the data highlighted during the 5th India–Tanzania Joint Trade Committee, what was the value of bilateral trade between India and Tanzania in the financial year 2025–26?

(a) USD 7.50 billion

(b) USD 8.64 billion

(d) USD 10.15 billion

(e) USD 5.20 billion

Answer: c

Solution:

The 5th Session of the India–Tanzania Joint Trade Committee was held on 29–30 April 2026 in Dar es Salaam, Tanzania.
The meeting aimed to review and strengthen bilateral trade, investment, and economic cooperation between India and Tanzania.
It was co-chaired by Rajesh Agrawal and Samwel William Shelukindo.
The session reviewed progress since the 4th JTC held in New Delhi in August 2017.
Both sides reaffirmed their commitment to enhancing trade and economic ties.
Bilateral merchandise trade has shown steady growth, reaching USD 9.02 billion in 2025–26, up from USD 8.64 billion in 2024–25.