Daily Current Affairs 31 August 2026

Q1 Where has Tamil Nadu CM Vijay announced the establishment of a Semiconductor Park?

• ACoimbatore
• BTiruchi
• CKancheepuramCorrect
• DChennai

Explanation The Semiconductor Park is to be set up at Kancheepuram as announced by Tamil Nadu CM Vijay.

Q2 By how much has the milk procurement price been increased in Tamil Nadu?

• A₹2 per litre
• B₹3 per litreCorrect
• C₹4 per litre
• D₹5 per litre

Explanation The milk procurement price was increased by ₹3 per litre, from ₹41 to ₹44 per litre.

Q3 Which of the following hubs is planned to be set up in Coimbatore?

• ASemiconductor Park
• BFinTech HubCorrect
• CMulti-Modal Logistics Hub
• DAgriculture Hub

Explanation A FinTech Hub is to be set up at Coimbatore as per the announcement.

Q1 Who are the two internal candidates recommended by Kotak Mahindra Bank for the CEO position?

• AAnup Saha and Paritosh KashyapCorrect
• BAshok Vaswani and Paritosh Kashyap
• CAnup Saha and Ashok Vaswani
• DRBI Governor and Anup Saha

Explanation Kotak Mahindra Bank recommended executive directors Anup Saha and Paritosh Kashyap as CEO candidates.

Q2 To which authority did Kotak Mahindra Bank submit the names of the CEO candidates?

• ASecurities and Exchange Board of India
• BReserve Bank of IndiaCorrect
• CMinistry of Finance
• DNITI Aayog

Explanation The bank submitted the names to the Reserve Bank of India for approval.

Q3 Who is the current CEO of Kotak Mahindra Bank for whom the replacement is being recommended?

• AAnup Saha
• BParitosh Kashyap
• CAshok VaswaniCorrect
• DUday Kotak

Explanation Ashok Vaswani is the current CEO of Kotak Mahindra Bank.

Q1 Who has been appointed to lead Apple into the age of AI?

• ACraig Federighi
• BJohn TernusCorrect
• CTim Cook
• DJony Ive

Explanation John Ternus was appointed to lead Apple into the age of AI, as stated in the sources.

Q2 Which recent Apple product launch is highlighted under John Ternus's leadership?

• AiPhone 15
• BApple Watch Series 9
• CMacBook NeoCorrect
• DiPad Pro

Explanation The MacBook Neo was recently introduced under John Ternus's leadership, making Macs more powerful and popular.

Q3 Which Apple executive was considered a more logical pick by some analysts for leading AI efforts?

• AJohn Ternus
• BCraig FederighiCorrect
• CTim Cook
• DPhil Schiller

Explanation Some analysts argued that software chief Craig Federighi was the more logical pick for leading AI efforts.

Q1 What was India's fiscal deficit as a percentage of the FY27 target by July 2026?

• A26.8%Correct
• B30.5%
• C20.4%
• D35.2%

Explanation India's fiscal deficit stood at 26.8% of the FY27 target by July 2026 as per government data.

Q2 Which of the following contributed to keeping India's fiscal position in check by July 2026?

• AStrong tax and non-tax receiptsCorrect
• BDecline in capital expenditure
• CReduction in subsidy spending
• DIncrease in fiscal gap compared to last year

Explanation Strong tax and non-tax receipts helped maintain India's fiscal position despite increased capital expenditure and subsidy spending.

Q3 How did the fiscal gap by July 2026 compare to the same period in the previous year?

• AIt was lower than ₹4.7 lakh croreCorrect
• BIt was higher than ₹4.7 lakh crore
• CIt was equal to ₹4.7 lakh crore
• DData not available

Explanation The fiscal gap was lower than ₹4.7 lakh crore recorded during the corresponding period last year.

Q1 What is the total financial outlay of the Semicon 2.0 scheme notified by the Government of India?

• A₹1.27 lakh croreCorrect
• B₹1.5 lakh crore
• C₹1 lakh crore
• D₹1.27 crore

Explanation The Government of India has notified the Semicon 2.0 scheme with a financial outlay of ₹1.27 lakh crore.

Q2 Which of the following is NOT one of the six segments covered under the Semicon 2.0 scheme?

• AChip designing by Indian firms
• BSetting up semiconductor fabs
• CDeveloping software applicationsCorrect
• DChip assembly, packaging, and testing

Explanation The scheme covers chip designing, semiconductor fabs, capital equipment units, and chip assembly, packaging, and testing, but not software application development.

Q3 What type of financial support will startups receive under the Semicon 2.0 scheme?

• AGrant and equity co-investmentCorrect
• BRoyalty financing only
• CEquity co-investment only
• DLoan with interest subsidy

Explanation Startups will receive financial support in the form of grant and equity co-investment under the Semicon 2.0 scheme.

Q1 What was the closing value of the BSE Sensex on August 31, 2026?

• A76,957.27Correct
• B76,751.32
• C77,264.50
• D75,900.00

Explanation The BSE Sensex settled at 76,957.27 points on August 31, 2026.

Q2 Which of the following factors contributed to the decline in the BSE Sensex on August 31, 2026?

• ARenewed tensions in West Asia and higher crude oil pricesCorrect
• BStrong global market trends and increased foreign investments
• CGovernment stimulus measures
• DDecline in crude oil prices

Explanation The decline was due to renewed tensions in West Asia, higher crude oil prices, weak global market trends, and foreign fund outflows.

Q3 How many constituents of the BSE Sensex ended lower on August 31, 2026?

• A10
• B20Correct
• C15
• D25

Explanation Out of 30 constituents, 20 ended lower on that day.

Q1 What is Temasek's stance on Singapore Airlines' investment in Air India?

• AThey oppose the investment due to Air India's losses
• BThey support the investment with a long-term perspectiveCorrect
• CThey are neutral and undecided about the investment
• DThey want to withdraw their investment immediately

Explanation Temasek Holdings supports Singapore Airlines' investment in Air India from a long-term perspective despite concerns about losses.

Q2 What financial challenge is Air India reportedly facing according to the sources?

• AAir India is seeking an additional $1.5 billionCorrect
• BAir India has declared bankruptcy
• CAir India is merging with Singapore Airlines
• DAir India is reducing its fleet size

Explanation Air India is reportedly seeking an additional $1.5 billion amid concerns over its financial losses.

Q3 Who from Temasek Holdings commented on the investment in Air India?

• ARavi Menon
• BJuliet TeoCorrect
• CLee Hsien Loong
• DGita Gopinath

Explanation Juliet Teo from Temasek Singapore commented on the supportive stance towards the investment.

Q1 Where did PM Modi meet Iran President Masoud Pezeshkian in 2026?

• AAt the SCO Summit in KyrgyzstanCorrect
• BIn New Delhi, India
• CAt the United Nations Headquarters
• DIn Tehran, Iran

Explanation PM Modi met Iran President Masoud Pezeshkian on the sidelines of the SCO Summit held in Kyrgyzstan.

Q2 What was a key topic discussed between PM Modi and Iran President Pezeshkian?

• ARegional peace and stabilityCorrect
• BTrade agreements between India and Iran
• CClimate change initiatives
• DSpace cooperation

Explanation The leaders discussed the prevailing situation in the region, emphasizing peace and stability.

Q3 What did PM Modi emphasize regarding regional efforts during his meeting with Iran's President?

• AThe need to safeguard freedom of navigation and commerceCorrect
• BThe importance of military alliances
• CThe promotion of cultural exchanges
• DThe expansion of tourism

Explanation PM Modi underlined the need to safeguard freedom of navigation and commerce in the region.

Q1 What was the name of the ferry that sank off Northern Cyprus carrying 267 people?

• AFILOJETCorrect
• BTasucu Express
• CKyrenia Star
• DMediterranean Queen

Explanation The ferry named FILOJET was the one that sank off Northern Cyprus.

Q2 How many people were rescued after the ferry sank off Northern Cyprus?

• A237Correct
• B267
• C17
• D8

Explanation 237 people were rescued according to Northern Cyprus Prime Minister Unal Ustel.

Q3 What action was taken against the ferry's captain and crew after the sinking?

• AThey were arrestedCorrect
• BThey were awarded
• CThey were promoted
• DNo action was taken

Explanation The captain and seven crew members were arrested following the incident.

Q1 Why has Nepal requested early power imports from India?

• ADue to damage to its hydropower capacity caused by floodsCorrect
• BTo meet increased summer electricity demand
• CBecause of a new trade agreement with India
• DTo reduce electricity costs during winter

Explanation Nepal's hydropower capacity was hit by floods, leading to a request for early power imports from India.

Q2 When does Nepal usually import electricity from India?

• ADuring the summer months
• BDuring the winter monthsCorrect
• CThroughout the year equally
• DOnly during flood seasons

Explanation Nepal usually imports electricity from India during the winter months.

Q3 What has Nepal specifically asked India regarding the power imports?

• ATo increase the power tariff
• BTo process approvals for power imports in SeptemberCorrect
• CTo provide power only after winter
• DTo build new hydropower plants jointly

Explanation Nepal has asked for the required approvals for sending power to be processed in September itself.

Q1 What is the reported death toll from the Nepal flash floods as per the latest updates?

• A675
• B788Correct
• C3000
• D500

Explanation The death toll from the Nepal flash floods has risen to 788 according to the latest reports.

Q2 What major challenge are rescuers facing in the Nepal flash flood disaster?

• ADrilling through debris to reach trapped tunnel workersCorrect
• BEvacuating people from coastal areas
• CDealing with wildfires
• DManaging a volcanic eruption

Explanation Rescuers are drilling through debris to reach tunnel workers trapped by the flash floods.

Q3 Approximately how many people are reported missing due to the Nepal flash floods?

• A788
• B675
• C3000Correct
• D1500

Explanation Figures from Nepal and China estimate nearly 3,000 people are missing following the flash floods.

Q1 What is the approximate death toll in the recent Nepal floods?

• ANear 500
• BNear 800Correct
• CNear 1000
• DNear 1200

Explanation The death toll in the Nepal floods is reported to be nearing 800.

Q2 What incident occurred involving a bus during the Nepal flood rescue operations?

• ABus carrying rescued survivors crashed injuring 32Correct
• BBus was used to evacuate thousands safely
• CBus was submerged in floodwaters
• DBus was used to transport rescue teams only

Explanation A bus carrying rescued survivors crashed, injuring 32 people.

Q3 What challenge are rescue teams facing in Nepal during the floods?

• ALack of medical supplies
• BRising river levelsCorrect
• CBlocked roads due to landslides
• DCommunication network failure

Explanation Rescue teams are battling rising river levels while conducting operations.

Q1 What was the name of the WhatsApp group involved in the hawala network?

• ATraders of Greater EuropeCorrect
• BEuropean Money Movers
• CGlobal Cash Network
• DInternational Traders Forum

Explanation The WhatsApp group was called 'Traders of Greater Europe' as per the report.

Q2 How many messages were exchanged in the WhatsApp group between February and December 2022?

• AOver 82,000Correct
• BAround 50,000
• CLess than 10,000
• DApproximately 100,000

Explanation The group exchanged more than 82,000 messages during that period.

Q3 Which British cities were mentioned as involved in the cash transfers coordinated via the WhatsApp group?

• ALondon and BirminghamCorrect
• BManchester and Liverpool
• CEdinburgh and Glasgow
• DBristol and Leeds

Explanation The report specifically mentions London and Birmingham as cities involved in the cash transfers.

Q1 What action did the Supreme Court take regarding the FIR against Mohammad Deepak Kumar?

• AStayed the FIR and proceedings against himCorrect
• BDismissed the FIR permanently
• CTransferred the case to another state
• DOrdered immediate arrest

Explanation The Supreme Court stayed the FIR and proceedings against Mohammad Deepak Kumar in the rioting case.

Q2 What did the Supreme Court do about the Uttarakhand High Court's order on social media posts?

• AUpheld the High Court's restraint on social media posts
• BStayed the High Court's order restraining social media postsCorrect
• CExtended the restraint to other platforms
• DIgnored the High Court's order

Explanation The Supreme Court stayed the Uttarakhand High Court's order that restrained Deepak from making social media posts about the incident and the case.

Q3 The legal case involving Mohammad Deepak Kumar is related to which group?

• ABajrang DalCorrect
• BRSS
• CVHP
• DAkhil Bharatiya Vidyarthi Parishad

Explanation The case is related to a row involving the Bajrang Dal.

Q1 Where were the suspects in the Tamil Nadu woman's murder arrested?

• ATamil Nadu
• BManipurCorrect
• CAgra
• DAssam

Explanation The couple suspected in the woman's murder were arrested in Manipur.

Q2 Where was the murdered woman's body found?

• AInside a house in Guduvanchery
• BIn the rear general compartment of the Tamil Nadu Express at AgraCorrect
• CIn a trolley bag in Chennai
• DIn a river near Manipur

Explanation The decomposed and dismembered body parts were found stuffed inside a trolley bag aboard the Tamil Nadu Express at Agra.

Q3 What was the age of the murdered woman from Guduvanchery?

• A28 years
• B38 yearsCorrect
• C45 years
• D32 years

Explanation The woman who was murdered was 38 years old.

Q1 What is the name of the startup founded by Naman Pushp?

• AAirboundCorrect
• BSkyDeliver
• CDroneX
• DFlyTech

Explanation The startup founded by Naman Pushp is named Airbound.

Q2 How many autonomous drone flights has Airbound completed?

• AOver 13,000Correct
• BOver 5,000
• COver 20,000
• DOver 1,000

Explanation Airbound has completed more than 13,000 autonomous drone flights across Bengaluru and Guntur.

Q3 What significant decision did Naman Pushp make after winning a hackathon prize?

• ATurned down a US college offer to run his startupCorrect
• BMoved to the US to study
• CSold his startup to a US company
• DStarted a new company in the US

Explanation After winning a $500 hackathon prize at 15, Naman Pushp turned down a US college offer to focus on his startup.