Daily Current Affairs

Correct Answer: B. 1935

The Reserve Bank of India (RBI) was established on April 1, 1935 under the Reserve Bank of India Act, 1934. Initially headquartered in Kolkata, it shifted to Mumbai in 1937. RBI is India's central bank responsible for monetary policy, banking regulation, currency issuance, and managing foreign exchange reserves. The first Governor was Sir Osborne Smith. On April 1, 2026, RBI completed 91 years.

Correct Answer: D. July 1, 2017

India's Goods and Services Tax (GST) was implemented on July 1, 2017 under the One Nation One Tax framework. GST collections in March 2026 reached ₹1.78 lakh crore driven by healthy demand and improved compliance. The highest-ever GST collection was ₹2.37 lakh crore (April 2024). GST has 4 slabs: 5%, 12%, 18%, and 28%.

Correct Answer: A. Amaravati

Andhra Pradesh CM N. Chandrababu Naidu announced that India's first quantum computer will be launched on April 14, 2026 in Amaravati — the state's new capital city. The initiative is part of the Amaravati Quantum Valley project backed by the National Quantum Mission (NQM) of the Government of India. It marks a landmark step in India's quantum technology development.

Correct Answer: C. Kochi

The 'Bhavasagara' Referral Centre, designated as India's National Repository for Deep-Sea Fauna, is located in Kochi, Kerala. It was developed by the Centre for Marine Living Resources and Ecology (CMLRE), under the Ministry of Earth Sciences. It preserves and studies deep-sea biodiversity specimens collected during India's Deep Ocean Mission expeditions.

Correct Answer: B. InterGlobe Aviation Limited

IndiGo, India's largest airline by market share, is operated by InterGlobe Aviation Limited. William Walsh, an aviation veteran, was confirmed as its new CEO in late March 2026. IndiGo holds approximately 55–60% of India's domestic aviation market. The appointment comes amid operational disruptions and the airline's push to strengthen international routes.

Correct Answer: D. Reserve Bank of India (RBI)

New ATM rules effective from April 1, 2026 were issued by the Reserve Bank of India (RBI). Key changes include counting UPI-based cash withdrawals as part of the monthly free ATM transaction limit and revised daily withdrawal limits on some debit cards. RBI regulates all banking and payment operations in India, including ATM interchange fees and free transaction caps.

Correct Answer: A. Directorate General of Civil Aviation

Vir Vikram Yadav was appointed by the Government of India as the new head of the DGCA — Directorate General of Civil Aviation — replacing Faiz Ahmed Kidwai. DGCA is India's regulatory body for civil aviation, functioning under the Ministry of Civil Aviation. The appointment comes amid multiple aviation safety concerns and operational disruptions in India's aviation sector.

Correct Answer: C. 7 plants

India has 7 operational nuclear power plants as of 2026, all operated by the Nuclear Power Corporation of India Limited (NPCIL): Tarapur (Maharashtra), Rawatbhata (Rajasthan), Kalpakkam (Tamil Nadu), Narora (Uttar Pradesh), Kakrapar (Gujarat), Kaiga (Karnataka), and Kudankulam (Tamil Nadu). Nuclear power accounts for approximately 3% of India's total electricity generation.

Correct Answer: B. English

The International Booker Prize is awarded annually to the best work of fiction translated into English and published in the UK or Ireland. The prize is given jointly to the author and the translator. The 2026 shortlist featured six novels exploring themes of human struggle, identity, and resilience. It was formerly known as the Man Booker International Prize.

Correct Answer: D. Germany

German is the most widely spoken native language in Europe after English. Germany has the largest number of German native speakers — approximately 83 million. German is also a native language in Austria (~9 million), Switzerland (~5 million), and Luxembourg. It has official EU status in multiple countries and is one of the most important languages in European trade, diplomacy, and science.