Daily Current Affairs
23 May 2026 · 10 questions
The RBI announced its record surplus transfer to the central government. What was the amount?
Correct Answer: B. ₹2.87 lakh crore
The Reserve Bank of India (RBI) announced a record ₹2.87 lakh crore surplus transfer to the central government — its highest-ever dividend transfer. The transfer provides strong financial cushion for the country. While slightly below budget expectations, the payout still offers fiscal relief. RBI surplus transfer is governed by the Bimal Jalan Committee framework (2019) which sets aside a contingency risk buffer before transferring surplus to the government.
India and Ethiopia signed a bilateral accession protocol for Ethiopia's membership in which international organisation?
Correct Answer: B. WTO (World Trade Organization)
India and Ethiopia strengthened economic ties by signing the bilateral accession protocol for Ethiopia's membership in the World Trade Organization (WTO). The accession agreement was signed in Geneva on May 22, 2026, showcasing India's support for integrating developing economies into the global trading system. WTO is headquartered in Geneva, Switzerland and was established in 1995 as a successor to GATT (General Agreement on Tariffs and Trade).
India successfully test-fired the Agni-1 ballistic missile on May 21, 2026 from which state?
Correct Answer: A. Odisha
India conducted the important defence test of the Agni-1 ballistic missile from Odisha on May 21, 2026. The successful firing was carried out from the Integrated Test Range (ITR) at Chandipur, Odisha. The test was conducted under the supervision of the Strategic Forces Command (SFC) and reinforces India's missile readiness and defence preparedness. Agni-1 is a short-range ballistic missile with a range of approximately 700-900 km.
India and Cyprus upgraded their bilateral relationship to a Strategic Partnership. Cyprus President Nikos Christodoulides visited which Indian city?
Correct Answer: C. National Capital (New Delhi)
India and Cyprus upgraded their bilateral relationship to a Strategic Partnership as Cyprus President Nikos Christodoulides visited the National Capital (New Delhi). The partnership covers defence, trade, and cybersecurity — a significant development in India's relations with the Mediterranean nation. Cyprus is an EU member state located in the Eastern Mediterranean. Its capital is Nicosia. India-Cyprus diplomatic relations were established in 1962.
The RBI approved the reappointment of Sandeep Bakhshi as MD and CEO of which bank for another 2-year term?
Correct Answer: B. ICICI Bank
RBI approved the reappointment of Sandeep Bakhshi as the Managing Director and CEO of ICICI Bank for another two-year term — from October 4, 2026 to October 3, 2028. This ensures continued leadership at ICICI Bank, which is India's second-largest private sector bank by assets, headquartered in Mumbai. Bakhshi has led ICICI Bank since 2018 and is credited with steering its strong turnaround and growth.
The Ministry of Social Justice launched two digital platforms for elderly care. Which dashboard supports Geriatric Caregiver services?
Correct Answer: D. SHATAYU Dashboard
The Ministry of Social Justice and Empowerment launched two digital platforms on May 21, 2026 — the JEEVAN mobile application and the SHATAYU Geriatric Caregiver Dashboard. The initiative aims to improve safety, healthcare access, caregiving support, and social inclusion for senior citizens. 'SHATAYU' means a person who lives 100 years in Sanskrit. India's elderly population (60+) is rapidly growing — projected to reach ~347 million by 2050.
Kevin Warsh was officially sworn in as the Chair of the US Federal Reserve. Whom did he replace, who led the Fed since 2018?
Correct Answer: A. Jerome Powell
Kevin Warsh was officially sworn in as the Chair of the Federal Reserve Board of Governors — replacing Jerome Powell, who led the central bank since 2018. Warsh takes charge at a sensitive moment for the US economy marked by inflation and political pressure on monetary policy. The Federal Reserve System (the Fed) is the central bank of the United States, established in 1913. The Fed Chair is appointed by the US President and confirmed by the Senate.
The Indian Government is launching the 'High-Powered Demography Mission' to tackle illegal immigration. Who announced this mission?
Correct Answer: C. Amit Shah
The Indian central government is preparing to launch the High-Powered Demography Mission — a major national initiative to tackle illegal immigration and strengthen border security. The decision was announced by Union Home Minister Amit Shah. The mission is expected to focus specially on infiltration from Bangladesh and Myanmar. India shares its longest land border with Bangladesh (~4,096 km) and a porous border with Myanmar (~1,643 km).
A deadly coal mine explosion in China's Liushenyu Coal Mine killed at least 90 people. In which province did this disaster occur?
Correct Answer: B. Shanxi
A deadly coal mine explosion struck China's Shanxi province, killing at least 90 people according to state media reports. The blast occurred at Liushenyu Coal Mine and triggered a large-scale emergency rescue operation involving hundreds of personnel. Shanxi is the largest coal-producing province in China and has historically suffered from mining accidents. China is the world's largest coal producer and consumer. The capital of Shanxi is Taiyuan.
Former all-rounder Vijay Shankar announced retirement from domestic cricket and IPL. Which Indian state team did he represent in domestic cricket?
Correct Answer: D. Tamil Nadu
Former India and Tamil Nadu all-rounder Vijay Shankar announced his retirement from domestic cricket and the Indian Premier League (IPL). He represented Tamil Nadu in domestic cricket. He was part of multiple IPL franchises and won trophies with those teams. With this retirement, he becomes eligible to participate in overseas franchise cricket leagues. Vijay Shankar was famously selected as India's 'three-dimensional player' for the 2019 ICC Cricket World Cup.