Daily Current Affairs 23 July 2026

Q1 What was the percentage increase in UCO Bank's net profit in Q1 FY27?

• A8%Correct
• B47%
• C75%
• D15%

Explanation UCO Bank's net profit increased by 8% in Q1 FY27 as reported.

Q2 Which factor contributed to the profit increase for Mahindra and Mahindra Financial Services in Q1 FY27?

• AHigher net interest margins and lower provisionsCorrect
• BIncreased operating costs
• CHigher provisions for bad loans
• DLower interest income

Explanation Mahindra Finance's profit jump was due to higher net interest margins and lower provisions.

Q3 IndusInd Bank's Q1 FY27 profit after tax increased by what percentage?

• A8%
• B47%Correct
• C75%
• D30%

Explanation IndusInd Bank's PAT rose by 47% in Q1 FY27 due to lower costs and provisions.

Q1 What did U.S. President Donald Trump threaten in response to Iranian attacks in the Strait of Hormuz?

• ATo destroy a bridge or power plant in Iran for each attackCorrect
• BTo impose economic sanctions on Iran
• CTo deploy additional troops to the Strait of Hormuz
• DTo close the Strait of Hormuz to all shipping

Explanation Trump stated that the U.S. would destroy a bridge or power plant in Iran for each Iranian attack in the Strait of Hormuz.

Q2 Which country's military intercepted four missiles during the Iranian attack mentioned in the reports?

• ASaudi Arabia
• BJordanCorrect
• CUnited Arab Emirates
• DIraq

Explanation Jordan's military intercepted four missiles during the Iranian attack.

Q3 What strategic importance does the Strait of Hormuz hold in the ongoing conflict?

• AIt is a major oil shipping routeCorrect
• BIt is the location of Iran's nuclear facilities
• CIt is the headquarters of U.S. Central Command
• DIt is a disputed land border between Iran and Iraq

Explanation The Strait of Hormuz is one of the world's most strategically important waterways, crucial for oil shipping.

Q1 What event escalated tensions between the US and Iran in July 2026?

• AExplosion of two oil tankers near the Strait of HormuzCorrect
• BUS invasion of Iran's capital
• CIran signing a peace treaty with Israel
• DUS withdrawal from Middle East

Explanation The Islamic Revolutionary Guard Corps reported explosions disabling two oil tankers near the Strait of Hormuz, escalating tensions.

Q2 What did former US President Donald Trump say regarding the conflict with Iran?

• AThe US will soon strike the Pickaxe Mountain areaCorrect
• BThe US will withdraw troops immediately
• CIran will be supported diplomatically by the US
• DThe US has finished its operations in West Asia

Explanation Trump stated the US will be hitting the Pickaxe Mountain area 'pretty soon' and is 'not finished at all' with Iran.

Q3 Which group threatened attacks on other Middle Eastern waterways during the conflict?

• AYemen rebelsCorrect
• BIslamic Revolutionary Guard Corps
• CUS Navy
• DIsraeli Defense Forces

Explanation Yemen rebels threatened attacks on other Middle Eastern waterways amid the ongoing conflict.

Q1 What was Iran's response to Trump's threat to bomb a bridge or power plant?

• AThey agreed to negotiate peace
• BThey issued an 'eye for an eye' replyCorrect
• CThey ignored the threat
• DThey requested UN intervention

Explanation Iran responded with an 'eye for an eye' statement to Trump's threat.

Q2 What was the situation in the US military action against Iran at the time of the threat exchange?

• AThe US had just begun airstrikes
• BThe US was conducting its 11th consecutive night of airstrikesCorrect
• CThe US had ceased all military actions
• DThe US was negotiating a ceasefire

Explanation The US was continuing its 11th consecutive night of airstrikes on Iran.

Q3 What was the impact of the conflict on global oil prices?

• AOil prices dropped to a six-week low
• BOil prices remained stable
• COil prices climbed to a near six-week highCorrect
• DOil prices were unaffected

Explanation Oil prices climbed to a near six-week high amid fears of prolonged disruption to global energy supplies.

Q1 How will eligible farmers in Maharashtra be notified before the loan waiver amount is credited?

• AThrough SMS alerts for Aadhaar authenticationCorrect
• BBy postal letters from the bank
• CVia announcements on local TV channels
• DThrough village meetings only

Explanation Eligible farmers will receive SMS alerts for Aadhaar authentication before the loan waiver amount is credited to their accounts through DBT.

Q2 Where will the beneficiary lists for Maharashtra's Farmer Loan Waiver Scheme be published?

• AOnly on the state government website
• BAt Gram Panchayats, cooperative society offices, and bank branchesCorrect
• CIn local newspapers only
• DAt district collector offices exclusively

Explanation Lists will be published at the village level in Gram Panchayats, various executive cooperative society offices, and the respective bank branches.

Q3 How many beneficiaries were included in the first list released under Maharashtra's Farmer Loan Waiver Scheme?

• A1000
• B500Correct
• C2000
• D750

Explanation The first beneficiary list announced includes 500 eligible farmers.

Q1 What amount was approved by the US judge for Anthropic's copyright lawsuit settlement?

• A$1.5 million
• B$15 million
• C$1.5 billionCorrect
• D$15 billion

Explanation The US judge approved a $1.5 billion settlement in the copyright lawsuit against Anthropic.

Q2 What percentage of authors and publishers covered by the Anthropic settlement claimed their share?

• AMore than 50%
• BMore than 75%
• CMore than 91%Correct
• DMore than 99%

Explanation Anthropic's counsel stated that more than 91% of authors and publishers covered by the settlement claimed their share.

Q3 The lawsuit settled by Anthropic involved which of the following issues?

• APatent infringement
• BCopyrightCorrect
• CTrademark violation
• DTrade secrets

Explanation The lawsuit was a class action copyright lawsuit involving authors and publishers.

Q1 Who was killed in the terror attack during the Amarnath Yatra in South Kashmir?

• AHead Constable Ashiq HussainCorrect
• BA civilian pilgrim
• CA senior army officer
• DA local politician

Explanation Head Constable Ashiq Hussain, deployed for security duties during the Amarnath Yatra, was killed in the terror attack.

Q2 Which terrorist outfit claimed responsibility for the attack on the policeman in Anantnag?

• AJaish-e-Mohammed
• BLashkar-e-TaibaCorrect
• CAl-Qaeda
• DHizbul Mujahideen

Explanation The Lashkar-e-Taiba outfit claimed responsibility for the terror attack in Anantnag.

Q3 What was the significance of this terror attack in the Kashmir Valley?

• AIt was the first terror attack in the Valley since PahalgamCorrect
• BIt was the deadliest attack in the last decade
• CIt targeted a political rally
• DIt occurred during a national holiday

Explanation This was the first terror attack in the Kashmir Valley since Pahalgam.

Q1 What was the cause of the tunnel collapse in the Sikkim NHPC disaster?

• AExplosion in the Head Race TunnelCorrect
• BFlooding due to heavy rains
• CEarthquake in the region
• DStructural failure due to poor design

Explanation The tunnel collapsed following an explosion in the Head Race Tunnel, as reported.

Q2 How many workers are confirmed dead in the Sikkim NHPC tunnel disaster?

• A10
• B15Correct
• C20
• D5

Explanation The death toll has risen to 15 according to NHPC.

Q3 What compensation has NHPC announced for the families of the deceased workers?

• A₹10 lakh ex gratia
• B₹5 lakh ex gratiaCorrect
• C₹2 lakh ex gratia
• DNo compensation announced

Explanation NHPC announced an ex gratia payment of ₹5 lakh to the next of kin of the deceased.

Q1 What recent event contributed to improved sentiment in Indian equity markets according to the RBI?

• AUS-Iran ceasefire agreementCorrect
• BIncrease in domestic manufacturing
• CNew government policy on foreign trade
• DRise in crude oil prices

Explanation The RBI article noted that the US-Iran ceasefire agreement was a key factor improving sentiment in Indian equity markets.

Q2 Which group’s net buying contributed to the rebound in Indian equity markets?

• ADomestic retail investors
• BForeign Portfolio Investors (FPIs)Correct
• CMutual funds
• DInsurance companies

Explanation The recovery in Indian equity markets was supported by a rebound in net buying by Foreign Portfolio Investors (FPIs).

Q3 What does the revival of foreign investment in India indicate according to the RBI?

• AGrowing confidence in the Indian economyCorrect
• BDecline in domestic savings
• CIncrease in government borrowing
• DRising inflation rates

Explanation The RBI stated that the revival of foreign investment signals growing confidence in the Indian economy.

Q1 What was the net loss reported by Hindustan Petroleum in the June-end quarter of 2026?

• A₹12,265 croreCorrect
• B₹3,962 crore
• C₹1.45 lakh crore
• D₹1.61 lakh crore

Explanation Hindustan Petroleum posted a net loss of ₹12,265 crore in the June-end quarter of 2026.

Q2 What was the primary reason for the losses reported by Hindustan Petroleum and Bharat Petroleum in 2026?

• AWest Asia crisis and elevated crude oil pricesCorrect
• BDecline in revenue
• COperational inefficiencies
• DGovernment regulations

Explanation Both refiners' losses were impacted by the West Asia crisis and elevated crude oil prices.

Q3 How much did Bharat Petroleum's revenue increase year-over-year in the June-end quarter of 2026?

• AAbout 21%
• BMore than 23%Correct
• CExactly 20%
• DLess than 15%

Explanation Bharat Petroleum's revenue increased more than 23% year-over-year to approximately ₹1.61 lakh crore.

Q1 What significant production is Titagarh-Ramkrishna Forgings set to start in August?

• AForged railway wheel productionCorrect
• BElectric locomotive manufacturing
• CRailway track laying
• DPassenger coach assembly

Explanation Titagarh-Ramkrishna Forgings is set to start forged railway wheel production in August.

Q2 What will the new production by Titagarh-Ramkrishna Forgings end for Indian Railways?

• ADependence on imported forged wheelsCorrect
• BDependence on diesel locomotives
• CDependence on foreign coaches
• DDependence on imported tracks

Explanation The plant will end Indian Railways’ decades-long dependence on imported forged wheels.

Q1 How many disciplines will be featured in the Glasgow 2026 Commonwealth Games?

• A19
• B15
• C10Correct
• D25

Explanation The number of disciplines has been cut from 19 to 10 for the 2026 Commonwealth Games.

Q2 Who is leading the Indian contingent at the Glasgow 2026 Commonwealth Games?

• ANeerajCorrect
• BNadeem
• CP.V. Sindhu
• DMary Kom

Explanation Javelin ace Neeraj is leading the Indian athletes at the 2026 Commonwealth Games.

Q3 Which Pakistani athlete is mentioned as a strong competitor to India's Neeraj in the 2026 Commonwealth Games?

• ANadeemCorrect
• BAli
• CHassan
• DKhan

Explanation Pakistan's Nadeem is noted as stiff competition for Neeraj in the javelin event.

Q1 Why was Tamil rapper Arivu detained near the Secretariat in Chennai?

• AFor attempting to protest against NEETCorrect
• BFor performing without permission
• CFor organizing a political rally
• DFor violating traffic rules

Explanation Arivu was detained during his bid to protest against NEET near the Secretariat in Chennai.

Q2 Who invited rapper Arivu to discuss his concerns after his detention?

• ATamil Nadu Chief Minister C. Joseph VijayCorrect
• BThe Governor of Tamil Nadu
• CThe Home Minister of Tamil Nadu
• DThe Mayor of Chennai

Explanation Tamil Nadu Chief Minister C. Joseph Vijay invited Arivu to his chamber and listened to his concerns.

Q3 Which hit song is rapper Arivu best known for?

• AEnjoy EnjaamiCorrect
• BWhy This Kolaveri
• CVaathi Coming
• DRowdy Baby

Explanation Arivu is best known for his Tamil independent music including the hit song Enjoy Enjaami.