Daily Current Affairs 1 July 2026

Q1 What is the approximate value of loans Kotak Mahindra Bank will acquire from Deutsche Bank's retail business in India?

• A₹16,000 crore
• B₹29,000 croreCorrect
• C₹10,500 crore
• D₹282 crore

Explanation Kotak Mahindra Bank will acquire approximately ₹29,000 crore in loans from Deutsche Bank's retail business in India.

Q2 How much is Kotak Mahindra Bank paying to acquire Deutsche Bank's retail and wealth business in India?

• A₹16,000 crore
• B₹29,000 crore
• C₹10,500 crore
• D₹282 croreCorrect

Explanation The acquisition deal is valued at ₹282 crore.

Q3 Which businesses of Deutsche Bank in India is Kotak Mahindra Bank acquiring?

• ACorporate banking and investment banking
• BRetail, private banking, and wealth managementCorrect
• COnly retail banking
• DOnly wealth management

Explanation Kotak Mahindra Bank is acquiring Deutsche Bank's retail, private banking, and wealth management business in India.

Q1 What is the length of the tunnel approved by the Cabinet in Delhi?

• A8 kilometresCorrect
• B10 kilometres
• C6 kilometres
• D12 kilometres

Explanation The Cabinet approved an eight-kilometre tunnel in Delhi.

Q2 What is the total estimated cost for the Kanpur-Kabrai highway project?

• A₹6,970 crore
• B₹7,145 croreCorrect
• C₹14,115 crore
• D₹10,000 crore

Explanation The Kanpur-Kabrai highway project is estimated to cost ₹7,145 crore.

Q3 Which of the following statements is true about the Cabinet approvals?

• AThe tunnel in Delhi is six-lane and costs ₹6,970 croreCorrect
• BThe highway in UP is eight-lane and costs ₹7,145 crore
• CThe tunnel in Delhi is four-lane and costs ₹7,145 crore
• DThe highway in UP is six-lane and costs ₹6,970 crore

Explanation The approved tunnel in Delhi is six-lane costing ₹6,970 crore, while the UP highway is four-lane costing ₹7,145 crore.

Q1 What did the NCLAT decide regarding Jet Airways employees' dues during liquidation?

• ARejected priority payment of PF and gratuity dues
• BAllowed employees to compete with banks for dues
• CUpheld priority payment of PF and gratuity duesCorrect
• DDeferred the decision for later review

Explanation NCLAT upheld the priority payment of PF and gratuity dues to Jet Airways employees during liquidation.

Q2 Which bank's appeal was dismissed by the NCLAT concerning Jet Airways employees' dues?

• APunjab National Bank
• BState Bank of IndiaCorrect
• CHDFC Bank
• DICICI Bank

Explanation The State Bank of India's appeal against priority payout was dismissed by the NCLAT.

Q3 What is the significance of the NCLAT ruling for Jet Airways employees?

• AThey must compete with creditors for dues
• BThey will receive PF and gratuity without competitionCorrect
• CTheir dues will be paid last
• DTheir dues are cancelled

Explanation The ruling ensures employees receive PF and gratuity dues without competing with banks and other creditors.

Q1 What percentage of Microsoft's workforce is expected to be affected in the upcoming layoffs?

• AMore than 5%
• BExactly 5%
• CLess than 2.5%Correct
• DAround 10%

Explanation Reports state that Microsoft plans to cut less than 2.5% of its global workforce.

Q2 Which divisions are expected to be impacted by Microsoft's upcoming layoffs?

• AOnly the Xbox gaming division
• BSales, consulting, and Xbox gaming divisionCorrect
• COnly sales and consulting
• DManufacturing and logistics

Explanation The layoffs will impact roles in sales, consulting, and the Xbox gaming division.

Q3 When could Microsoft announce the upcoming layoffs according to reports?

• ANext month
• BNext weekCorrect
• CNext year
• DNo announcement planned

Explanation Reports indicate the job cuts could be announced as early as next week.

Q1 What was the closing value of the Indian rupee against the US dollar on July 1, 2026?

• A94.75
• B95.23Correct
• C94.50
• D95.90

Explanation The rupee closed at 95.23 against the US dollar on July 1, 2026, as reported.

Q2 By how much did the Indian rupee fall against the US dollar in early trade on July 1, 2026?

• A67 paise
• B19 paiseCorrect
• C50 paise
• D23 paise

Explanation In early trade, the rupee fell by 19 paise to 94.75 against the US dollar.

Q3 What was the total decline in the Indian rupee's value against the US dollar by the close of trading on July 1, 2026?

• A19 paise
• B67 paiseCorrect
• C86 paise
• D50 paise

Explanation The rupee declined by 67 paise from its previous close by the end of trading.

Q1 Which companies reported healthy growth in auto wholesales in June 2026?

• AMaruti, Tata, and M&MCorrect
• BHyundai, Tata, and Honda
• CMaruti, Hyundai, and Ford
• DTata, Ford, and Honda

Explanation Maruti, Tata, and Mahindra & Mahindra (M&M) reported healthy growth in auto wholesales in June 2026.

Q2 What was a significant trend in the automobile market in June 2026?

• ADecrease in demand for electric vehicles
• BSurge in demand for electric vehiclesCorrect
• CStable demand for diesel vehicles
• DDecline in overall vehicle sales

Explanation There was a surge in demand for electric vehicles during June 2026.

Q3 What was the general market condition for auto makers in June 2026?

• ASupply exceeded demand
• BDemand outstripped supplyCorrect
• CDemand and supply were balanced
• DDemand decreased significantly

Explanation Demand outstripped supplies for almost all automakers in June 2026.

Q1 By what percentage did GST revenues grow in June 2026?

• A10%
• B14%Correct
• C20%
• D25%

Explanation GST revenues grew by 14% in June 2026 as reported.

Q2 Which of the following issues was NOT mentioned as a challenge in GST implementation?

• AInput tax credits
• BDispute resolution
• CMultiple registrations
• DCorporate tax ratesCorrect

Explanation Corporate tax rates were not mentioned; the challenges included input tax credits, dispute resolution, and multiple registrations.

Q3 What trend was observed alongside the GST revenue growth in June 2026?

• AIncreased domestic sales
• BDecreased imports
• CIncreased dependence on importsCorrect
• DStable domestic sales

Explanation There was an increased dependence on imports while domestic sales lagged.

Q1 What caused the surge in international LPG prices leading to a price hike in India?

• AOutbreak of war in West AsiaCorrect
• BIncrease in domestic demand
• CGovernment subsidy removal
• DNatural disaster in India

Explanation The surge in international LPG prices was due to the outbreak of war in West Asia at the end of February.

Q2 According to the government, how do LPG prices in India compare globally despite the price hike?

• AAmong the highest in the world
• BAmong the lowest in the worldCorrect
• CAverage compared to other countries
• DNot comparable due to subsidy

Explanation The government stated that LPG rates in India remain among the lowest globally despite the price increase.

Q3 What is the approximate current cost of supplying a domestic LPG cylinder in India after the price hike?

• A₹1,000
• B₹1,200
• C₹1,600Correct
• D₹2,000

Explanation The cost of supplying a domestic LPG cylinder has risen to more than ₹1,600 following the surge in international prices.

Q1 What is the annual production capacity of the ACME-IHI green ammonia project in Odisha?

• A405,000 tonnesCorrect
• B3 million tonnes
• C100,000 tonnes
• D1 million tonnes

Explanation The project has an annual capacity of 405,000 tonnes as stated in the sources.

Q2 Which country provided the $3 billion CfD subsidy to the ACME-IHI JV for the green ammonia project?

• AJapanCorrect
• BIndia
• CUnited States
• DGermany

Explanation Japan provided the $3 billion Contract for Difference subsidy to the ACME-IHI joint venture.

Q3 Which of the following companies is NOT mentioned as a customer for the green ammonia from the ACME-IHI project?

• AMitsubishi Gas Chemical Co.
• BHokkaido Electric Power Co.
• CTata PowerCorrect
• DSumitomo Chemical Co.

Explanation Tata Power is not listed among the Japanese customers receiving green ammonia from the project.

Q1 What percentage stake did MSC Group acquire in Adani's Vizhinjam Port?

• A25%
• B49%Correct
• C51%
• D75%

Explanation MSC Group acquired a 49% stake in Adani's Vizhinjam Port as per the reports.

Q2 How much did MSC Group pay to acquire the stake in Vizhinjam Port?

• A₹10,000 crore
• B₹13,220 croreCorrect
• C₹15,000 crore
• D₹20,000 crore

Explanation The acquisition amount was reported as ₹13,220 crore.

Q3 What is significant about MSC Group's investment in Vizhinjam Port?

• AIt is the largest foreign private investment in India's domestic port infrastructureCorrect
• BIt is the first foreign investment in Kerala
• CIt is the smallest investment in Indian ports
• DIt is a government-funded project

Explanation The investment is billed as the largest foreign private investment in domestic port infrastructure in India.

Q1 When did Mexico last win a knockout-round match in the FIFA World Cup before their 2026 victory?

• A1982
• B1986Correct
• C1990
• D2002

Explanation Mexico won a knockout-round match for the first time since 1986, as stated in the sources.

Q2 Who scored a goal for Mexico in their 2-0 win over Ecuador in the FIFA World Cup 2026?

• AHirving Lozano
• BRaul JimenezCorrect
• CAndres Guardado
• DJavier Hernandez

Explanation Raul Jimenez added a goal as Mexico won the knockout match against Ecuador.

Q3 Which team will Mexico face next in the FIFA World Cup 2026 round of 16?

• AEngland
• BCongo
• CWinner of England vs CongoCorrect
• DEcuador

Explanation Mexico will play against the winner of the England vs Congo match in the round of 16.

Q1 How many goals did Kylian Mbappe score in the FIFA World Cup 2026 Round of 32 match against Sweden?

• AOne
• BTwoCorrect
• CThree
• DNone

Explanation Mbappe scored two goals in the match against Sweden.

Q2 After the Round of 32 match in FIFA World Cup 2026, how many World Cup finals goals does Mbappe have?

• A16
• B17
• C18Correct
• D19

Explanation Mbappe's two goals lifted his World Cup finals tally to 18.

Q3 Who is ahead of Kylian Mbappe on the all-time FIFA World Cup finals goal-scoring list after the Round of 32 match?

• ACristiano Ronaldo
• BPele
• CLionel MessiCorrect
• DDiego Maradona

Explanation Mbappe is one goal behind Lionel Messi on the all-time World Cup finals scoring list.

Q1 How long had it been since Serena Williams last played a singles match at Wimbledon before her recent match?

• ATwo years
• BThree years
• CFour yearsCorrect
• DFive years

Explanation Serena Williams played her first singles match at Wimbledon in four years.

Q2 What was the outcome of Serena Williams' recent singles match at Wimbledon?

• AShe won in straight sets
• BShe lost in three setsCorrect
• CShe won in three sets
• DShe lost in straight sets

Explanation Serena Williams lost her singles match in three sets.

Q3 Besides singles, in which event is Serena Williams still competing at Wimbledon?

• AMixed doubles with a partner
• BDoubles with her sister Venus WilliamsCorrect
• CSingles qualifying rounds
• DShe is not competing in any other event

Explanation Serena Williams is playing doubles with her sister Venus Williams at Wimbledon.

Q1 Who scored the winning goal for Norway against Ivory Coast in the FIFA World Cup 2026 Round of 32?

• APatrick Berg
• BErling HaalandCorrect
• CSándor Kocsis
• DA flat-footed defender

Explanation Erling Haaland scored the winning goal for Norway in the 86th minute from a cross by Patrick Berg.

Q2 What historic scoring record did Erling Haaland achieve in the FIFA World Cup 2026?

• AFirst player to score a hat-trick in a knockout game
• BFirst player since 1954 to score in each of his first three World Cup appearancesCorrect
• CFirst Norwegian to score in the World Cup
• DFirst player to score against Brazil in the Round of 16

Explanation Haaland became the first player since Hungary’s Sándor Kocsis in 1954 to score in each of his first three World Cup appearances.

Q3 Which team will Norway face next after defeating Ivory Coast in the FIFA World Cup 2026 Round of 32?

• AGermany
• BBrazilCorrect
• CArgentina
• DFrance

Explanation Norway will face Brazil in the Round of 16 following their victory over Ivory Coast.

Q1 What rainfall condition did the India Meteorological Department forecast for India in July 2026?

• AAbove-normal rainfall
• BNormal rainfall
• CBelow-normal rainfallCorrect
• DNo rainfall

Explanation The IMD forecasted below-normal rainfall for India in July 2026.

Q2 How did the south-west monsoon rainfall in June 2026 compare to the Long Period Average (LPA)?

• A39.8% above LPA
• B39.8% below LPACorrect
• CEqual to LPA
• DData not available

Explanation June 2026 recorded south-west monsoon rainfall 39.8% below the LPA.

Q3 June 2026 was the driest June in India in how many years according to IMD?

• AMore than a decadeCorrect
• BMore than 50 years
• CSince 1901
• DMore than 5 years

Explanation June 2026 was India's driest June in more than a decade.

Q1 What was exposed in the Tata data breach related to Apple?

• ASupplier list and component details of iPhone 18 ProCorrect
• BApple's financial reports
• CEmployee personal data
• DSource code of iOS

Explanation The Tata data breach exposed the supplier list and component details of the Apple iPhone 18 Pro.

Q2 What type of watermark was found on the leaked files related to iPhone 18 Pro?

• AApple confidentialCorrect
• BTata internal use
• CPublic release
• DConfidential government

Explanation The leaked files carried Apple 'confidential' watermarks.

Q3 Which generation of iPhone was linked to the leaked files in the Tata data breach?

• AiPhone 18 ProCorrect
• BiPhone 17
• CiPhone 16
• DiPhone 15 Pro

Explanation The leaked files were consistent with the iPhone 18 Pro generation.

Q1 What was the US Supreme Court's decision regarding Trump's executive order on birthright citizenship?

• AThey upheld the order ending birthright citizenship
• BThey blocked the order and upheld birthright citizenshipCorrect
• CThey postponed the decision for further review
• DThey ruled the order unconstitutional but allowed partial implementation

Explanation The Supreme Court blocked Trump's executive order and reaffirmed the constitutional principle of birthright citizenship.

Q2 Under which constitutional amendment is birthright citizenship guaranteed in the US?

• AFirst Amendment
• B10th Amendment
• C14th AmendmentCorrect
• D19th Amendment

Explanation Birthright citizenship is enshrined in the 14th Amendment of the US Constitution.

Q3 How did Trump respond to the Supreme Court's ruling on birthright citizenship?

• AHe accepted the ruling and praised the court
• BHe called the ruling 'too bad' and urged Congress to change the lawCorrect
• CHe announced a new executive order to bypass the court
• DHe remained silent on the issue

Explanation Trump called the ruling 'too bad' and urged lawmakers to act quickly to change the law.

Q1 What factor has been cited as driving the India-U.S. trade deal forward?

• AThe personal relationship between Donald Trump and Narendra ModiCorrect
• BIndia's legal battles in Washington
• CIndia's purchase of Russian oil
• DEconomic sanctions on Russia

Explanation The U.S. envoy to India cited the personal equation between U.S. President Donald Trump and Prime Minister Narendra Modi as driving the trade ties.

Q2 Which issue has contributed to the delay in the India-U.S. trade deal?

• AIndia's Russian oil purchasesCorrect
• BIndia's agricultural exports
• CU.S. domestic political changes
• DIndia's currency fluctuations

Explanation India's purchases of Russian oil have been one of the reasons for the delay in finalizing the India-U.S. trade deal.

Q3 Where have legal battles affected the progress of the India-U.S. trade deal?

• AWashingtonCorrect
• BNew Delhi
• CMoscow
• DBrussels

Explanation Legal battles in Washington have contributed to the uncertainty and delay in the India-U.S. trade deal.

Q1 What issue is the US Supreme Court set to review regarding assault weapons?

• AWhether assault weapon bans violate the Second AmendmentCorrect
• BWhether assault weapons should be banned nationwide
• CWhether AR-15 rifles can be sold internationally
• DWhether assault weapons are used in crimes

Explanation The Supreme Court will review if prohibitions on AR-15-style rifles violate the Second Amendment.

Q2 Which locations' assault weapon bans are being challenged in the US Supreme Court?

• ACalifornia and New York
• BTexas and Florida
• CConnecticut and Cook County, IllinoisCorrect
• DWashington and Oregon

Explanation The bans challenged are in Connecticut and Cook County, Illinois, including Chicago.

Q3 The US Supreme Court's decision will primarily affect rights related to which amendment?

• AFirst Amendment
• BSecond AmendmentCorrect
• CFourth Amendment
• DTenth Amendment

Explanation The cases concern whether assault weapon bans violate the Second Amendment.

Q1 What did the US Supreme Court recently rule regarding political party spending?

• AIt upheld federal limits on coordinated spending between parties and candidates
• BIt struck down federal limits on coordinated spending between parties and candidatesCorrect
• CIt imposed new federal limits on independent political spending
• DIt banned all coordinated spending between political parties and candidates

Explanation The Supreme Court invalidated federal limits on coordinated spending between political parties and their candidates.

Q2 The US Supreme Court's recent decision affects spending between which entities?

• APolitical parties and independent groups
• BPolitical parties and their candidatesCorrect
• CCandidates and foreign donors
• DCandidates and media organizations

Explanation The ruling specifically concerns coordinated spending between political parties and their candidates.

Q1 Who took over as the 31st Chief of the Army Staff of India?

• AGeneral Upendra Dwivedi
• BGeneral Dhiraj SethCorrect
• CGeneral Bipin Rawat
• DGeneral Manoj Mukund Naravane

Explanation General Dhiraj Seth took over as the 31st Army Chief after General Upendra Dwivedi retired.

Q2 According to General Upendra Dwivedi, how will future wars be characterized?

• ANuclear and isolated
• BJoint, integrated and theatre-orientedCorrect
• CConventional and unilateral
• DCyber and space-based only

Explanation General Dwivedi stated that future wars will be 'joint, integrated and theatre-oriented'.

Q3 Where was the ceremonial event held for the handover of the Army Chief command?

• AMumbai
• BChennai
• CNew DelhiCorrect
• DKolkata

Explanation The ceremonial event for the handover took place in New Delhi.