Daily Current Affairs
29 May 2026 · 10 questions
The RBI is reviving plans to introduce polymer or plastic-based banknotes. What is the main advantage of polymer notes over paper notes?
Correct Answer: B. They have a longer lifespan and lower replacement costs
The Reserve Bank of India (RBI) revived plans to introduce polymer or plastic-based banknotes. The proposal aims to increase the lifespan of currency notes, lower printing and replacement costs, and improve cash management efficiency. Polymer notes are made from a thin, transparent polypropylene film and can last 2.5 times longer than paper notes. Countries like Australia, UK, Canada, and Singapore have already switched to polymer banknotes.
Dhanendra Kumar, who passed away in a fire accident, was the first Chairman of which regulatory body?
Correct Answer: D. Competition Commission of India (CCI)
Dhanendra Kumar — the first Chairman of the Competition Commission of India (CCI) — passed away after a fire broke out at his residence. He was an 80-year-old retired IAS officer who played an important role in building India's competition regulatory framework. CCI was established in 2003 under the Competition Act, 2002 — to prevent anti-competitive practices and promote a fair market. The CCI is headquartered in New Delhi.
Shrey Parikh won the Scripps National Spelling Bee 2026. He is a 14-year-old student from which US state?
Correct Answer: A. California
Fourteen-year-old Shrey Parikh from California emerged as the champion at the Scripps National Spelling Bee 2026. He won the tournament against highly competitive participants and highlighted the strong presence of Indian-origin students in the United States. The Scripps National Spelling Bee is one of the most prestigious academic competitions in the USA. Indian-origin students have dominated the Spelling Bee for decades — winning consecutively in many recent years.
India's Total Fertility Rate (TFR) dropped below the replacement level for the first time. What is India's TFR as per the SRS Statistical Report 2024?
Correct Answer: C. 1.9 children per woman
India's Total Fertility Rate (TFR) dropped to 1.9 children per woman — below the replacement level for the first time. This data comes from the Sample Registration System (SRS) Statistical Report 2024 released by the Office of the Registrar General and Census Commissioner. The replacement level fertility is 2.1 children per woman — the rate at which a population exactly replaces itself over time. A TFR below replacement level signals population decline in the long term.
The RBI projected India's real GDP growth for FY27 at what percentage?
Correct Answer: B. 6.9%
The Reserve Bank of India (RBI) projected India's real GDP growth at 6.9% for FY 2026-27 — despite tensions in West Asia and global uncertainty. The projection highlights India's strong macroeconomic framework. The RBI's growth forecast is higher than the IMF, World Bank, ICRA (~6.2%), and UN (~6.4%) estimates. The RBI's Monetary Policy Committee (MPC) meets 6 times a year to set interest rates and monetary policy.
Blue Origin's New Glenn rocket exploded during a ground test. The explosion occurred at which location?
Correct Answer: D. Cape Canaveral Space Force Station, Florida
Blue Origin's powerful New Glenn rocket exploded during an engine firing test at Cape Canaveral Space Force Station in Florida. The incident occurred just two days before the rocket was scheduled to launch Amazon's internet satellites into orbit. Blue Origin is an aerospace company founded by Amazon's Jeff Bezos. New Glenn is Blue Origin's heavy-lift orbital launch vehicle, named after astronaut John Glenn.
Esha Singh won gold with a world record score at the ISSF World Cup in Munich. In which shooting event did she compete?
Correct Answer: C. 25m Pistol (Women)
India's Esha Singh delivered the best performance of her career at the ISSF World Cup in Munich — creating history with a world-record breaking gold medal in the women's 25m pistol event at age 21. She outperformed major international names including the Paris Olympic champion. The International Shooting Sport Federation (ISSF) World Cup is an annual series of shooting competitions. ISSF HQ is in Munich, Germany.
Myanmar President Min Aung Hlaing is scheduled to visit India from May 30 to June 3, 2026. The visit was invited by which Indian leader?
Correct Answer: C. PM Narendra Modi
Myanmar President U Min Aung Hlaing is set to visit India from May 30 to June 3, 2026 at the invitation of Prime Minister Narendra Modi. The visit is expected to boost India-Myanmar relations across key areas like trade, connectivity, regional security, and cultural cooperation. India and Myanmar share a 1,643-km land border and India-Myanmar relations are critical for Northeast India's development and regional security.
India's Insolvency and Bankruptcy Code (IBC) completed 10 years of implementation in 2026. In which year was the IBC launched?
Correct Answer: B. 2016
India's Insolvency and Bankruptcy Code (IBC) completed a decade of implementation in 2026, having been launched in 2016. It was introduced to address delays in insolvency resolution and improve debt recovery mechanisms. The IBC has fundamentally transformed India's financial landscape by strengthening creditor rights, encouraging responsible borrowing, and improving the overall ease of doing business. The IBC is administered by the Insolvency and Bankruptcy Board of India (IBBI).
India-Canada CEPA deal was reaffirmed at which forum held in 2026?
Correct Answer: D. ASEAN-India Business Summit
India and Canada reaffirmed their commitment to conclude the Comprehensive Economic Partnership Agreement (CEPA) by end 2026 during the 2026 Canada-India Trade and Investment Forum. Current bilateral trade stands at around $17 billion, with a target of $50 billion by 2030. CEPA negotiations had been paused during a period of diplomatic strain but are now back on track. India and Canada have a large shared diaspora link, especially the Indo-Canadian community.