Daily Current Affairs
6 May 2026 · 10 questions
The Union Cabinet approved increasing the strength of the Supreme Court from 34 to how many judges?
Correct Answer: C. 38 judges
The Union Cabinet on May 5, 2026 approved a proposal to increase the strength of the Supreme Court from 34 to 38 judges. The current sanctioned strength is 34 judges including the Chief Justice of India (CJI). The proposal will be introduced in Parliament through the Supreme Court (Number of Judges) Amendment Bill. The Supreme Court was established on January 28, 1950, originally with a sanctioned strength of 8 judges.
The Union Cabinet approved ECLGS 5.0 with what total targeted credit flow?
Correct Answer: A. ₹2.55 lakh crore
The Union Cabinet led by PM Narendra Modi approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 with a total targeted credit flow of ₹2.55 lakh crore. The scheme provides additional credit support to businesses facing liquidity challenges due to the ongoing West Asia crisis. ECLGS was first launched in May 2020 to support MSMEs during the COVID-19 pandemic. NCGTC (National Credit Guarantee Trustee Company) implements the scheme.
Two new semiconductor projects approved under the India Semiconductor Mission (ISM) will be set up in which state?
Correct Answer: D. Gujarat
The Union Cabinet approved two new semiconductor projects under the India Semiconductor Mission (ISM) with a combined investment of over ₹3,936 crore. Both projects will be set up in Gujarat and are expected to generate over thousands of jobs. ISM was launched in 2021 with a ₹76,000 crore outlay to develop India's semiconductor and display ecosystem. Gujarat has emerged as India's leading semiconductor manufacturing hub.
The Cabinet approved a state-of-the-art ship repair facility at Vadinar. Vadinar is located in which state?
Correct Answer: B. Gujarat
The Union Cabinet approved the establishment of a state-of-the-art ship repair facility at Vadinar in Gujarat. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA) with an investment of around ₹1,570 crore. Vadinar is located in Devbhumi Dwarka district, Gujarat and is a major oil terminal hosting India's largest oil refinery owned by Reliance Industries.
The Centre approved the Mission for Cotton Productivity for 2026-27 to 2030-31. What is the total outlay?
Correct Answer: C. ₹5,659.22 crore
The Union Cabinet approved the ₹5,659.22 crore Mission for Cotton Productivity for the 2026-27 to 2030-31 cycle, announced on May 5, 2026. The mission will tackle declining yields, quality issues, and global competitiveness. It aims to transform the entire cotton value chain from farming to ginning to textiles. India is the world's second-largest cotton producer after China, and Gujarat is India's leading cotton-producing state.
NSE of India launched Electronic Gold Receipts (EGRs) to enable digital gold trading. NSE stands for which body?
Correct Answer: A. National Stock Exchange of India
NSE stands for the National Stock Exchange of India. NSE launched Electronic Gold Receipts (EGRs) — offering investors a new regulated way to buy and trade gold digitally, merging the safety of physical gold with the convenience of electronic trading. NSE is India's largest stock exchange by trading volume, headquartered in Mumbai and established in 1992. EGRs are tradable securities backed by physical gold held in vaults.
The Supreme Court of India was established on which date with how many judges initially?
Correct Answer: D. January 28, 1950 with 8 judges
The Supreme Court of India was inaugurated on January 28, 1950 — two days after the Constitution of India came into force on January 26, 1950. It originally had a sanctioned strength of 8 judges (1 Chief Justice + 7 other judges). Over the decades, the strength has been periodically increased through the Supreme Court (Number of Judges) Acts. The current strength is 34 judges, proposed to be raised to 38.
ECLGS — which the Cabinet approved in version 5.0 — was first launched in which year to support MSMEs?
Correct Answer: B. 2020
Emergency Credit Line Guarantee Scheme (ECLGS) was first launched in May 2020 to support Micro, Small and Medium Enterprises (MSMEs) during the COVID-19 pandemic. Successive versions have been launched. ECLGS 5.0 with ₹2.55 lakh crore targeted credit flow addresses the ongoing West Asia crisis impact. The scheme is implemented by the National Credit Guarantee Trustee Company (NCGTC) and operationalised through banks and NBFCs.
India is the world's second-largest cotton producer after which country?
Correct Answer: C. China
India is the world's second-largest cotton producer after China. Gujarat is India's leading cotton-producing state, contributing the largest share, followed by Maharashtra, Telangana, and Karnataka. The Union Cabinet approved the ₹5,659.22 crore Mission for Cotton Productivity (2026-31) to tackle declining yields and global competitiveness. Cotton is a major raw material for India's textile industry — the world's third-largest.
The India Semiconductor Mission (ISM) was launched in 2021 with what total outlay?
Correct Answer: A. ₹76,000 crore
The India Semiconductor Mission (ISM) was launched in 2021 with a total outlay of ₹76,000 crore. The mission aims to develop India's semiconductor and display ecosystem under the Ministry of Electronics and Information Technology (MeitY). The Union Cabinet approved two new ISM semiconductor projects in Gujarat with combined investment of ₹3,936 crore. Tata's first semiconductor fab is also located in Gujarat (Dholera).