Daily Current Affairs 26 July 2026

Q1 Who was appointed as the new Education Minister after Dharmendra Pradhan's resignation in July 2026?

• APralhad JoshiCorrect
• BRahul Gandhi
• CAbhijeet Dipke
• DSonam Wangchuk

Explanation Pralhad Joshi was appointed as the new Education Minister following Dharmendra Pradhan's resignation.

Q2 What event led to Dharmendra Pradhan's resignation as Education Minister?

• AStudent protests at Jantar MantarCorrect
• BParliamentary elections
• CSupreme Court ruling
• DEconomic crisis

Explanation Dharmendra Pradhan resigned following student protests at Jantar Mantar.

Q3 Which political leader described the resignation as a victory for the students?

• ARahul GandhiCorrect
• BDharmendra Pradhan
• CPralhad Joshi
• DAbhijeet Dipke

Explanation Rahul Gandhi called the resignation a victory for the students, who are the future of India.

Q1 What was the Competition Commission of India's (CCI) decision regarding Zomato's platform fees and delivery charges?

• ACCI found them to be an abuse of dominance
• BCCI rejected the abuse of dominance claimsCorrect
• CCCI imposed penalties on Zomato
• DCCI ordered Zomato to reduce fees

Explanation The CCI rejected the claims that Zomato abused its dominant position by charging platform fees and delivery charges.

Q2 According to the CCI, what do Zomato's platform fees and delivery charges represent?

• AInflated prices of dishes
• BCharges for services provided by ZomatoCorrect
• CHidden taxes on restaurants
• DUnfair discounts to customers

Explanation The CCI stated that these charges are for services provided by Zomato and do not constitute inflated dish prices.

Q3 Who are charged commissions by Zomato as per the CCI findings?

• ACustomers ordering food
• BRestaurants listed on the platformCorrect
• CDelivery personnel
• DCompetitor food platforms

Explanation Zomato charges commissions to restaurants as part of its service fees, as noted by the CCI.

Q1 What was Tamil Nadu CM Vijay's proposal regarding the Cauvery water dispute?

• ATo meet Karnataka CM D.K. Shivakumar for talksCorrect
• BTo abandon talks with Karnataka
• CTo seek intervention from the central government
• DTo increase water usage without Karnataka's consent

Explanation Tamil Nadu CM Vijay proposed a meeting with Karnataka CM D.K. Shivakumar to discuss the Cauvery water dispute.

Q2 What was M.K. Stalin's opinion about Tamil Nadu CM Vijay's proposed talks with Karnataka?

• AHe supported the talks as necessary
• BHe urged to abandon the talksCorrect
• CHe suggested involving the Supreme Court
• DHe recommended increasing water usage

Explanation M.K. Stalin urged Tamil Nadu CM Vijay to abandon the talks, stating the visit would serve no purpose other than claiming a direct effort.

Q3 According to Tamil Nadu government representatives, how much additional Cauvery water is the state entitled to despite deficient rainfall?

• A1,000 million cubic feet
• B2,000 million cubic feet
• C3,000 million cubic feetCorrect
• D5,000 million cubic feet

Explanation Tamil Nadu is estimated to be entitled to receive at least 3,000 million cubic feet more water despite deficient rainfall.

Q1 Which company is acquiring a 26% stake in IndiaFirst Life from Warburg Pincus?

• ABNP Paribas CardifCorrect
• BBank of Baroda
• CUnion Bank of India
• DLife Insurance Corporation of India

Explanation BNP Paribas Cardif is acquiring a 26% stake in IndiaFirst Life from Warburg Pincus.

Q2 After the acquisition, what percentage stake will Bank of Baroda hold in IndiaFirst Life?

• A26%
• B65%Correct
• C9%
• D100%

Explanation Bank of Baroda will retain a 65% stake in IndiaFirst Life after the transaction.

Q3 What is the stake of Union Bank of India in IndiaFirst Life post-deal?

• A26%
• B65%
• C9%Correct
• D0%

Explanation Union Bank of India will hold a 9% stake in IndiaFirst Life after the deal.

Q1 By what percentage did SBI Life's Profit After Tax (PAT) grow in Q1 FY27?

• A22%Correct
• B36%
• C50%
• D15%

Explanation SBI Life posted a 22% growth in PAT in the first quarter of FY27.

Q2 Which segment showed the sharpest growth for SBI Life in Q1 FY27?

• AProtection segmentCorrect
• BSavings segment
• CHealth segment
• DPension segment

Explanation The protection segment showed the sharpest growth, with new business premium more than doubling.

Q3 What was the new business premium amount in the protection segment for SBI Life in Q1 FY27?

• A₹1,960 croreCorrect
• B₹1,500 crore
• C₹2,500 crore
• D₹1,200 crore

Explanation The new business premium in the protection segment more than doubled to ₹1,960 crore.

Q1 Why did Berlin police halt the LGBTQ pride parade on July 26, 2026?

• AA car drove into a crowd near the event route, injuring several peopleCorrect
• BThere was a sudden storm causing safety concerns
• CA protest disrupted the parade
• DTechnical issues with the parade sound system

Explanation The parade was halted because a car drove into a crowd near the event route, injuring several people.

Q2 During which event did the car incident occur that led to the halting of the Berlin LGBTQ pride parade?

• ABerlin Film Festival
• BChristopher Street DayCorrect
• CBerlin Marathon
• DBerlin Music Festival

Explanation The incident occurred during Christopher Street Day, a major LGBTQ pride event in Berlin.

Q3 Where did the car drive into the crowd during the Berlin LGBTQ pride parade?

• ABrandenburg Gate
• BAlexanderplatz
• CTiergarten parkCorrect
• DPotsdamer Platz

Explanation The car drove into the crowd near the event route in Tiergarten park.

Q1 What is the target business size Saraswat Co-op Bank aims to achieve within six years?

• A₹1 lakh crore
• B₹2 lakh croreCorrect
• C₹4,000 crore
• D₹5 lakh crore

Explanation Saraswat Co-op Bank plans to double its business size to ₹2 lakh crore within six years.

Q2 How long ago was Saraswat Co-op Bank's business size approximately ₹4,000 crore?

• AAbout 10 years ago
• BAbout 15 years ago
• CAbout 20 years agoCorrect
• DAbout 25 years ago

Explanation About two decades (20 years) ago, SCB had a business size of roughly ₹4,000 crore.

Q3 What is Saraswat Co-op Bank's goal besides doubling its business size?

• ABecome a regional bank
• BBecome a pan-India bankCorrect
• CMerge with another bank
• DFocus only on local markets

Explanation SCB aims to become a pan-India bank within six years.

Q1 What was the percentage increase in Shriram Finance's net profit in Q1?

• A40%
• B50%
• C60%Correct
• D70%

Explanation Shriram Finance's net profit increased by 60% in the first quarter as reported.

Q2 Which bank acquired a 20% equity stake in Shriram Finance during the quarter?

• ABank of Japan
• BMUFG BankCorrect
• CMitsubishi Bank
• DSumitomo Mitsui Banking Corporation

Explanation MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, acquired a 20% equity stake in Shriram Finance.

Q3 MUFG Bank is a subsidiary of which financial group?

• AMitsubishi UFJ Financial GroupCorrect
• BSumitomo Mitsui Financial Group
• CMizuho Financial Group
• DNomura Holdings

Explanation MUFG Bank is a subsidiary of Mitsubishi UFJ Financial Group.

Q1 Which bank is set to issue the first rupee-denominated perpetual debt of 2026?

• AState Bank of IndiaCorrect
• BCanara Bank
• CPunjab National Bank
• DHDFC Bank

Explanation The source states that SBI is to issue the first rupee-denominated perpetual debt of 2026.

Q2 What was the coupon rate on Canara Bank's Basel III-compliant additional Tier I perpetual bonds issued in November 2025?

• A7.55%Correct
• B6.75%
• C8.25%
• D7.00%

Explanation Canara Bank raised ₹3,500 crore through bonds at a 7.55% coupon rate in November 2025.

Q3 How much money did Canara Bank raise through its Basel III-compliant additional Tier I perpetual bonds in November 2025?

• A₹3,500 croreCorrect
• B₹2,500 crore
• C₹4,000 crore
• D₹3,000 crore

Explanation The source mentions Canara Bank raised ₹3,500 crore through the bonds.

Q1 Which bank is offering $1.5 billion for a foreign exchange programme targeting Indian expatriates?

• AFirst Abu Dhabi BankCorrect
• BState Bank of India
• CHDFC Bank
• DEmirates NBD

Explanation The First Abu Dhabi Bank, the UAE's largest lender, is offering $1.5 billion for the India expats FX programme.

Q2 What is the purpose of the standby letters of credit in the First Abu Dhabi Bank's programme?

• ATo back the financingCorrect
• BTo provide insurance
• CTo facilitate remittances
• DTo offer loans to customers

Explanation The bank is in talks with Indian banks to issue standby letters of credit to back the financing.

Q3 Which region's customers is the First Abu Dhabi Bank targeting for its India expats FX programme?

• AWest AsiaCorrect
• BEurope
• CNorth America
• DSouth America

Explanation The bank is targeting customers based in West Asia for the foreign exchange programme.

Q1 What is the main objective of the enhanced Credit Guarantee Scheme launched by the MSME Ministry?

• ATo provide collateral-free loans to micro and small enterprisesCorrect
• BTo increase export subsidies for large industries
• CTo reduce taxes on medium enterprises
• DTo promote foreign direct investment in MSMEs

Explanation The scheme aims to provide collateral-free loans to micro and small enterprises to foster growth and innovation.

Q2 Who informed the Lok Sabha about the implementation of the enhanced Credit Guarantee Scheme for MSMEs?

• APrime Minister
• BMinister of State for MSMECorrect
• CFinance Minister
• DMinister of Commerce

Explanation The Minister of State for MSME informed the Lok Sabha about the scheme.

Q3 Which sector benefits directly from the enhanced Credit Guarantee Scheme mentioned in the article?

• ALarge industries
• BMicro and small enterprisesCorrect
• CAgriculture sector
• DInformation Technology sector

Explanation The scheme is designed to aid micro and small enterprises.