Daily Current Affairs 26 July 2026
Daily current affairs for 26 July 2026 — 19 verified news items across Sports, National, International & more, with exam-angle notes, keywords and practice…
Part of July 2026 current affairs: the month's top stories by topic
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In this digest · 19 items
Sports
Anahat Singh Becomes First Indian to Win World Junior Squash Championship
Anahat Singh, ranked World No. 20 and top seed, won the World Squash Junior Individual Championships held in New Delhi. She defeated Ruqayya in the women's final with scores of 11-3, 11-7, and 11-9. This victory marks the first time an Indian has won the World Junior Squash Championship. Anahat is also the first Indian to reach the final since 2005 and achieved this milestone on her fifth attempt.
Source The Hindu
Practice MCQs
Q1 Who became the first Indian to win the World Junior Squash Championship?
- ARuqayya
- BAnahat SinghCorrect
- CDipika Pallikal
- DJoshna Chinappa
Explanation Anahat Singh became the first Indian to win the World Junior Squash Championship.
Q2 Where was the World Junior Squash Championship held when Anahat Singh won?
- AMumbai
- BKolkata
- CNew DelhiCorrect
- DChennai
Explanation The championship was held in New Delhi where Anahat Singh won the title.
Q3 How many attempts did it take Anahat Singh to win the World Junior Squash Championship?
- A1
- B3
- C5Correct
- D7
Explanation Anahat Singh won the championship on her fifth attempt.
Rishikanta Singh Wins Silver at Commonwealth Games 2026
At the Commonwealth Games 2026, weightlifter Rishikanta Singh secured a silver medal by lifting a total of 264kg, comprising 121kg in the snatch and 143kg in the clean and jerk. He matched the Commonwealth Games record in the snatch with his opening lift but faltered in the clean and jerk segment.
Source The Hindu
Practice MCQs
Q1 What total weight did Rishikanta Singh lift to win the silver medal at the Commonwealth Games 2026?
- A264kgCorrect
- B250kg
- C270kg
- D260kg
Explanation Rishikanta Singh lifted a total of 264kg (121kg in snatch and 143kg in clean and jerk) to win the silver medal.
Q2 In which segment did Rishikanta Singh match the Commonwealth Games record during his silver medal performance?
- ASnatchCorrect
- BClean and jerk
- CTotal lift
- DNone
Explanation He matched the Commonwealth Games record in the snatch with his opening lift.
Q3 What happened to Rishikanta Singh in the clean and jerk segment at the Commonwealth Games 2026?
- AHe falteredCorrect
- BHe set a new record
- CHe withdrew
- DHe lifted the highest weight
Explanation Rishikanta Singh faltered in the clean and jerk segment after a strong snatch performance.
National
Pralhad Joshi Takes Charge as Union Education Minister After Dharmendra Pradhan's Resignation
Pralhad Joshi assumed office as the Union Education Minister after President Droupadi Murmu accepted the resignation of Dharmendra Pradhan on July 25, 2026. Pradhan resigned following nationwide student protests led by the Cockroach Janta Party demanding his removal over the NEET paper leak controversy. Joshi thanked Prime Minister Narendra Modi for the responsibility and pledged to work with humility and honesty under his leadership.
Source Livemint
Practice MCQs
Q1 Who took charge as the Union Education Minister after Dharmendra Pradhan's resignation in July 2026?
- APralhad JoshiCorrect
- BDroupadi Murmu
- CNarendra Modi
- DCockroach Janta Party leader
Explanation Pralhad Joshi took charge as Union Education Minister after Dharmendra Pradhan resigned.
Q2 What was the main reason behind Dharmendra Pradhan's resignation as Education Minister?
- AHealth issues
- BNEET paper leak controversy and student protestsCorrect
- CPersonal reasons
- DCabinet reshuffle
Explanation Dharmendra Pradhan resigned following student protests demanding his ouster over the NEET paper leak controversy.
Q3 Who accepted Dharmendra Pradhan's resignation as Union Education Minister?
- APrime Minister Narendra Modi
- BPresident Droupadi MurmuCorrect
- CPralhad Joshi
- DUnion Cabinet
Explanation President Droupadi Murmu accepted Dharmendra Pradhan's resignation.
India Advises Citizens to Assess Security Before Maritime Conflict Zone Jobs
The Indian government has issued an advisory urging its citizens to carefully assess the security situation before accepting employment in maritime conflict zones. This advisory follows recent attacks on two commercial vessels in the Black Sea region, which resulted in the deaths of five Indian nationals within the last week.
Source BusinessLine
Practice MCQs
Q1 Why did the Indian government issue an advisory regarding jobs in maritime conflict zones?
- ADue to recent attacks on commercial vessels in the Black Sea regionCorrect
- BBecause of a new maritime trade agreement
- CTo promote employment in maritime zones
- DTo encourage tourism in coastal areas
Explanation The advisory was issued after five Indians were killed in attacks on two commercial vessels in the Black Sea region in the last week.
Q2 How many Indian nationals were reported killed in attacks on commercial vessels in the Black Sea region recently?
- AThree
- BFiveCorrect
- CSeven
- DTen
Explanation Five Indians were killed in attacks on two commercial vessels in the Black Sea region in the last one week.
Q3 What does the Indian government advisory recommend to citizens considering jobs in maritime conflict zones?
- ATo accept all job offers immediately
- BTo assess the security situation before taking up such jobsCorrect
- CTo avoid maritime jobs altogether
- DTo relocate to the Black Sea region
Explanation The advisory urges citizens to assess the security situation before taking up jobs in maritime conflict zones.
Rajnath Singh on Kargil Vijay Diwas: No Talks with Pakistan Except on PoK
On Kargil Vijay Diwas at the Kargil War Memorial in Dras, Union Defence Minister Rajnath Singh highlighted Operation Sindoor as a demonstration of India's resolve. He emphasized that Pakistan continues to seek new ways of infiltration. Singh also stated clearly that India will not engage in talks with Pakistan except on the issue of Pakistan-occupied Kashmir (PoK).
Source The Hindu
Practice MCQs
Q1 What did Union Defence Minister Rajnath Singh say about talks with Pakistan during Kargil Vijay Diwas?
- AIndia will hold talks with Pakistan on all issues
- BNo talks with Pakistan except on Pakistan-occupied Kashmir (PoK)Correct
- CTalks will be held only after Operation Sindoor
- DPakistan has stopped infiltration attempts
Explanation Rajnath Singh clearly stated that India will not engage in talks with Pakistan except on the issue of PoK.
Q2 What did Rajnath Singh say about Operation Sindoor at the Kargil War Memorial?
- AIt was a failure
- BIt showed India’s resolveCorrect
- CIt was a joint operation with Pakistan
- DIt was unrelated to Kargil
Explanation Rajnath Singh said Operation Sindoor showed India’s resolve.
Q3 According to Rajnath Singh, what is Pakistan currently doing?
- ASeeking peace talks
- BSeeking new ways of infiltrationCorrect
- CWithdrawing troops from PoK
- DSupporting Operation Sindoor
Explanation Rajnath Singh stated that Pakistan is seeking new ways of infiltration.
CJP Founder Abhijeet Dipke Thanks Supporters After Youth-Led 37-Day Agitation
Abhijeet Dipke, founder of the Cockroach Janata Party (CJP), expressed gratitude to supporters for backing the outfit's 37-day agitation, calling it a huge victory of the youth. In a video message on Sunday, he stated that this is just the beginning and vowed that the movement would continue. His message came a day after the resignation of Dharmendra Pradhan, highlighting the impact of the agitation.
Source Livemint
Practice MCQs
Q1 Who is the founder of the Cockroach Janata Party (CJP) who thanked supporters after the 37-day agitation?
- AAbhijeet DipkeCorrect
- BDharmendra Pradhan
- CNarendra Modi
- DArvind Kejriwal
Explanation Abhijeet Dipke is the founder of the Cockroach Janata Party (CJP) who thanked supporters after the 37-day agitation.
Q2 What did Abhijeet Dipke call the outcome of the 37-day agitation?
- AA huge victory of the youthCorrect
- BA minor setback
- CAn inconclusive result
- DA government failure
Explanation Abhijeet Dipke called the outcome of the 37-day agitation a huge victory of the youth.
Q3 Which political figure's resignation followed the CJP's 37-day agitation?
- ADharmendra PradhanCorrect
- BAbhijeet Dipke
- CAmit Shah
- DRajnath Singh
Explanation Dharmendra Pradhan resigned following the CJP's 37-day agitation.
Assam CM Requests Public Not to Troll Minister Over Daughter's NEET Protest
In Guwahati, a protest was held against examination irregularities and demanding the resignation of Union Education Minister Dharmendra Pradhan. The protest gained attention when Dibisa, daughter of Asom Gana Parishad leader Keshab Mahanta, participated. Assam Chief Minister Himanta Biswa Sarma urged the public not to troll or harass the minister because of his daughter's involvement. He also commented that what she said during the protest was not right and cautioned against surprising reactions if his own son were to join such protests.
Source Livemint
Practice MCQs
Q1 Who is the Union Education Minister whose resignation was demanded during the NEET protest in Guwahati?
- AKeshab Mahanta
- BDharmendra PradhanCorrect
- CHimanta Biswa Sarma
- DDibisa Mahanta
Explanation The protest was demanding the resignation of Dharmendra Pradhan as Union Education Minister.
Q2 What was Assam CM Himanta Biswa Sarma's response to the minister's daughter joining the NEET protest?
- AHe supported her statements fully
- BHe urged people not to troll or harass the ministerCorrect
- CHe demanded her arrest
- DHe ignored the incident
Explanation Assam CM requested the public not to troll or harass the minister because of his daughter's participation.
Q3 Who is Dibisa in the context of the NEET protest in Guwahati?
- AUnion Education Minister
- BAssam CM's daughter
- CDaughter of AGP leader Keshab MahantaCorrect
- DA student leader from Guwahati University
Explanation Dibisa is the daughter of Asom Gana Parishad leader Keshab Mahanta who joined the protest.
Dharmendra Pradhan Resigns; Pralhad Joshi Takes Charge of Education Ministry
On July 25, 2026, Dharmendra Pradhan resigned as India's Education Minister, a move accepted by the President. This resignation followed protests at Jantar Mantar led by student groups including the CJP. Pralhad Joshi has been appointed as the new Education Minister. The protests were seen as a victory for the students, who are considered the future of India, with leaders like Rahul Gandhi acknowledging the development. Despite the resignation, some demands from the protesting groups remain unresolved.
Source The Hindu
Practice MCQs
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.
CCI Clears Zomato of Abuse of Dominance in Platform Fees and Delivery Charges
The Competition Commission of India (CCI) rejected claims that Zomato abused its dominant position by charging platform fees and delivery charges. The complaint alleged that these charges were exploitative, but the CCI found that the fees are legitimate charges for services provided by Zomato, including commissions charged to restaurants. The watchdog clarified that these fees do not amount to inflating the price of the dishes themselves, thereby dismissing the abuse of dominance allegations.
Source The Hindu
Practice MCQs
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.
Tamil Nadu CM Vijay Proposes Talks with Karnataka on Cauvery Water Issue
Tamil Nadu Chief Minister Vijay has proposed a meeting with Karnataka Chief Minister D.K. Shivakumar to discuss the Cauvery water dispute. Despite deficient rainfall during the current Southwest monsoon, Tamil Nadu is estimated to be entitled to receive at least 3,000 million cubic feet more water, according to a state government representative. However, M.K. Stalin has urged Tamil Nadu CM Vijay to abandon these talks, stating that the visit would serve no purpose other than allowing the government to claim it made a direct effort by traveling to Karnataka for talks.
Source The Hindu
Practice MCQs
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.
International
UK PM Andy Burnham pledges to prioritize Britain's interests in Trump relations
UK Prime Minister Andy Burnham has vowed to prioritize Britain's interests in dealings with former US President Donald Trump. While describing their initial talks positively, Burnham emphasized his willingness to challenge Trump and voice differing opinions if necessary to protect Britain's national interests. He highlighted the importance of assessing changes in the political landscape and did not confirm unconditional trust in Trump.
Source Livemint
Practice MCQs
Q1 What stance did UK Prime Minister Andy Burnham take regarding his relationship with Donald Trump?
- AHe will always agree with Trump to maintain good relations.
- BHe is open to disagreeing with Trump if Britain's interests are at stake.Correct
- CHe refused to engage in talks with Trump.
- DHe fully trusts Trump without reservations.
Explanation Andy Burnham expressed openness to disagreeing with Trump if necessary to protect Britain's interests.
Q2 How did Andy Burnham describe his initial talks with Donald Trump?
- ANegative and unproductive.
- BPositive but cautious about trust.Correct
- CHe did not comment on the talks.
- DHe confirmed full trust in Trump.
Explanation Burnham described the initial talks positively but avoided confirming trust, highlighting the need to assess political changes.
Q3 What did Andy Burnham emphasize about voicing opinions in relation to Trump?
- AHe will never voice a different opinion from Trump.
- BHe will voice different ideas if they are right for Britain.Correct
- CHe will only support Trump's ideas publicly.
- DHe plans to avoid political discussions with Trump.
Explanation Burnham stated he will voice different ideas if they are right for Britain.
Berlin Police Halt LGBTQ Pride Parade After Car Incident Injures Several
On July 26, 2026, Berlin police stopped the city's LGBTQ pride parade after a car drove into a crowd near the event route in Tiergarten park. The incident happened during the Christopher Street Day celebrations, where hundreds of thousands had gathered. Several people were injured due to the car driving into the crowd, prompting immediate police action to halt the parade for safety reasons.
Source Livemint
Practice MCQs
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.
Economy
BNP Paribas Cardif to Acquire 26% Stake in IndiaFirst Life from Warburg Pincus
BNP Paribas Cardif is set to acquire a 26% stake in IndiaFirst Life Insurance from Warburg Pincus. After this transaction, the ownership structure of IndiaFirst Life will include Bank of Baroda holding 65%, Union Bank of India with 9%, and BNP Paribas Cardif with the remaining 26%. This deal marks a significant change in the shareholding pattern of the company.
Source The Hindu
Practice MCQs
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.
SBI Life Reports 22% PAT Growth and 36% Surge in APE in Q1 FY27
SBI Life Insurance posted a 22% growth in Profit After Tax (PAT) in the first quarter of the financial year 2026-27. The Annual Premium Equivalent (APE) surged by 36% during the same period. The most significant growth was observed in the protection segment, where the new business premium more than doubled, reaching ₹1,960 crore.
Source BusinessLine
Practice MCQs
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.
Banking
Saraswat Co-op Bank Plans to Double Business to ₹2 Lakh Crore in 6 Years
Saraswat Co-operative Bank (SCB) has announced an ambitious plan to double its total business size to ₹2 lakh crore and become a pan-India bank within the next six years. About two decades ago, SCB's business size was approximately ₹4,000 crore. This strategic growth plan aims to significantly expand the bank's presence and operations across India.
Source BusinessLine
Practice MCQs
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.
Shriram Finance Q1 Net Profit Rises 60% Following MUFG Bank Stake Acquisition
Shriram Finance reported a 60% increase in net profit for the first quarter, driven by growth in net interest income (NII). During this period, MUFG Bank, a Japanese banking giant and subsidiary of Mitsubishi UFJ Financial Group, completed the acquisition of a 20% equity stake in Shriram Finance.
Source BusinessLine
Practice MCQs
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.
SBI to Issue First Rupee-Denominated Perpetual Debt of 2026
State Bank of India (SBI) is set to issue the first rupee-denominated perpetual debt of 2026. The last such issuance was by Canara Bank, which raised ₹3,500 crore through Basel III-compliant additional Tier I perpetual bonds with a 7.55% coupon rate in November 2025. This move marks a significant development in the banking sector's capital-raising activities for the year 2026.
Source BusinessLine
Practice MCQs
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.
UAE’s First Abu Dhabi Bank Offers $1.5 Billion for India Expats FX Programme
The United Arab Emirates' largest lender, First Abu Dhabi Bank, is offering $1.5 billion for a foreign exchange programme aimed at Indian expatriates. The bank is targeting customers based in West Asia and is currently in discussions with banks in India to issue standby letters of credit to support the financing.
Source BusinessLine
Practice MCQs
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.
Government Schemes
Centre Implements Enhanced Credit Guarantee Scheme for MSMEs
The Ministry of Micro, Small and Medium Enterprises (MSME) in India has launched an enhanced Credit Guarantee Scheme. This scheme aims to provide collateral-free loans to micro and small enterprises, supporting their growth and fostering innovation nationwide. The initiative was announced in the Lok Sabha by the Minister of State, highlighting the government's commitment to strengthening the MSME sector.
Source BusinessLine
Practice MCQs
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.
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