Daily Current Affairs Quiz 02 September 2026: 15 Important GK MCQs for UPSC, SSC, Banking & Railways Exams

Question 1

India's real GDP grew at what rate in Q1 of FY 2026-27, covering April-June 2026?

Accepted Answer

7.8% - India's real GDP grew by 7.8% in the April-June quarter of FY 2026-27 . The supplied current-affairs article estimates real GDP at constant 2022-23 prices at Rs 81.36 lakh crore , while GDP at current prices stood at Rs 88.27 lakh crore . Static GK link: Real GDP values output at constant prices to reduce the effect of inflation, while nominal GDP uses current prices. India's official national-account estimates are released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation.

Question 2

Which macroeconomic aggregate measures the value of final goods and services produced within a country's domestic territory during a given period?

Accepted Answer

Gross Domestic Product - The correct concept is Gross Domestic Product (GDP) , which measures final goods and services produced within the domestic territory of an economy during a specified period. The day's GDP update reported 7.8% real growth for India in Q1 FY 2026-27, with real GDP estimated at Rs 81.36 lakh crore . Static GK link: GNP adjusts GDP for net factor income from abroad, while NDP subtracts depreciation from GDP. Exam questions often contrast domestic production with national income concepts, so the territorial basis of GDP is the key distinction.

Question 3

What is the total financial outlay announced for the Semicon 2.0 scheme?

Accepted Answer

Rs 1,27,500 crore - The Semicon 2.0 scheme carries a total financial outlay of Rs 1,27,500 crore . According to the supplied article, the programme supports semiconductor fabrication , advanced and conventional packaging, indigenous chip design, equipment, and research and development. Static GK link: Semiconductor policy is central to electronics manufacturing because chips are used across telecom, automobiles, consumer electronics, defence systems and computing. India's semiconductor ecosystem is coordinated through the Ministry of Electronics and Information Technology (MeitY) , with the India Semiconductor Mission serving as a key institutional mechanism for building domestic chip-design and manufacturing capacity.

Question 4

Which Union ministry is primarily associated with India's semiconductor ecosystem programmes, including the India Semiconductor Mission?

Accepted Answer

Ministry of Electronics and Information Technology - The relevant ministry is the Ministry of Electronics and Information Technology (MeitY) . This static link is important because the day's Semicon 2.0 update concerns a Rs 1,27,500 crore push spanning fabrication, packaging, chip design, equipment and research. Static GK link: The India Semiconductor Mission functions within the MeitY ecosystem and works to develop semiconductor and display manufacturing and design capabilities in India. Semiconductor fabrication plants are commonly called fabs , while packaging and testing are downstream stages that prepare chips for use in electronic products.

Question 5

Under the 2026 Sone River water-sharing agreement, how much water was allocated to Bihar and Jharkhand respectively?

Accepted Answer

Bihar 5.75 MAF; Jharkhand 2 MAF - Under the Bihar-Jharkhand Sone River water-sharing agreement , Bihar receives 5.75 Million Acre-Feet and Jharkhand receives 2 Million Acre-Feet . The supplied article notes that the dispute had remained unresolved since Jharkhand was created from Bihar in 2000 . Static GK link: The Sone River is an important southern tributary of the Ganga system. It rises near the Amarkantak region of central India and flows through parts of Madhya Pradesh, Uttar Pradesh, Jharkhand and Bihar. Major tributaries of the Sone system include the Rihand and North Koel .

Question 6

The Sone River, highlighted in the Bihar-Jharkhand water-sharing pact, is a tributary of which major Indian river?

Accepted Answer

Ganga - The Sone River is a tributary of the Ganga . The river entered current affairs because Bihar and Jharkhand agreed on a 5.75 MAF and 2 MAF division respectively under the 2026 water-sharing arrangement. Static GK link: The Sone rises near Amarkantak and generally flows north-east before joining the Ganga in Bihar. Its basin is important for irrigation and multipurpose water projects. For competitive exams, remember that the Rihand , Kanhar and North Koel are associated with the Sone river system, while rivers such as Chambal and Betwa belong to the Yamuna system.

Question 7

The 14 indigenous quantum products unveiled by C-DOT mainly focus on which pair of security technologies?

Accepted Answer

Quantum Key Distribution and Post-Quantum Cryptography - The 14 indigenous quantum products unveiled by C-DOT focus on Quantum Key Distribution (QKD) and Post-Quantum Cryptography (PQC) . The supplied article says their purpose is to strengthen communication security against risks emerging from quantum computing. Static GK link: QKD uses principles of quantum mechanics to establish encryption keys with tamper-detection properties. PQC , by contrast, refers to classical cryptographic algorithms designed to resist attacks by powerful quantum computers. C-DOT is India's telecom research and development institution associated with the Department of Telecommunications.

Question 8

What does C-DOT, the organisation that unveiled 14 indigenous quantum products, stand for?

Accepted Answer

Centre for Development of Telematics - C-DOT stands for Centre for Development of Telematics . It appeared in the day's science and technology news after unveiling 14 indigenous quantum products aimed at communication security, including technologies connected with QKD and PQC. Static GK link: C-DOT was established in 1984 as India's telecom research and development centre and is associated with the Department of Telecommunications . Its work has historically focused on indigenous telecom technologies, networks and secure communication systems. In exam questions, distinguish C-DOT from bodies such as DoT , which is the government department, and TRAI , the telecom regulator.

Question 9

What is NCDEX RAINCHNNAI, launched for Chennai's Northeast monsoon?

Accepted Answer

A cash-settled rainfall-based weather derivatives futures contract - NCDEX RAINCHNNAI is a rainfall-based weather derivatives contract designed for Chennai's Northeast monsoon. The supplied article describes it as a cash-settled futures product intended to help participants hedge financial risks arising from deviations in rainfall. Static GK link: Weather derivatives differ from traditional insurance because settlement can be linked to a measurable weather index rather than an individually assessed physical loss. NCDEX is a commodity derivatives exchange in India, and commodity derivatives markets operate under the regulatory framework of the Securities and Exchange Board of India (SEBI) .

Question 10

What is the full form of NCDEX?

Accepted Answer

National Commodity and Derivatives Exchange Limited - NCDEX stands for National Commodity and Derivatives Exchange Limited . The exchange featured in current affairs through RAINCHNNAI , a rainfall-based, cash-settled futures contract for Chennai's Northeast monsoon. Static GK link: Commodity derivatives allow market participants to manage price or index-related risk through instruments such as futures and options. In India, commodity derivatives exchanges are regulated by the Securities and Exchange Board of India (SEBI) . Weather derivatives are index-based risk-management tools, so their payout depends on a defined weather measure - such as rainfall - rather than on a conventional assessment of damage.

Question 11

Which combination correctly states key outcomes of PM Narendra Modi's August 2026 visit to Uzbekistan?

Accepted Answer

11 agreements and MoUs; USD 5 billion bilateral trade target by 2030 - During PM Narendra Modi's August 2026 visit to Uzbekistan , the two countries signed 11 agreements and MoUs and set a bilateral trade target of USD 5 billion by 2030 . The supplied article also notes that Modi received Uzbekistan's highest state honour, Oliy Darajali Do'stlik , while India announced scholarships and support for environmental rehabilitation in the Aral Sea region. Static GK link: Uzbekistan is a landlocked Central Asian country . Its capital is Tashkent , and its currency is the Uzbekistani som .

Question 12

Which capital-currency pair is correctly matched for Uzbekistan?

Accepted Answer

Tashkent - Uzbekistani som - The correct pair is Tashkent - Uzbekistani som . Uzbekistan was in the day's international news because India and Uzbekistan signed 11 agreements and MoUs and set a USD 5 billion bilateral trade target for 2030 during PM Narendra Modi's visit. Static GK link: Uzbekistan is located in Central Asia and is one of the world's doubly landlocked countries. It shares borders with Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan and Turkmenistan. Tashkent is the country's political and economic centre, while the som is its national currency.

Question 13

What was the theme of UNCCD COP17 held in Ulaanbaatar, Mongolia, in August 2026?

Accepted Answer

Restoring Land. Restoring Hope. - The theme of UNCCD COP17 was 'Restoring Land. Restoring Hope.' The conference was held in Ulaanbaatar, Mongolia , from 17 to 28 August 2026 . The supplied article says the meeting included initiatives focused on drought monitoring, resilience and financing . Static GK link: UNCCD stands for the United Nations Convention to Combat Desertification . It is the global convention focused on desertification, land degradation and drought. Its permanent secretariat is based in Bonn, Germany , and the convention is commonly grouped with the other Rio-era environmental agreements.

Question 14

In which year was the United Nations Convention to Combat Desertification adopted?

Accepted Answer

1994 - The United Nations Convention to Combat Desertification (UNCCD) was adopted in 1994 . It entered the current-affairs cycle through COP17 in Mongolia, held from 17 to 28 August 2026 under the theme 'Restoring Land. Restoring Hope.' . Static GK link: The UNCCD entered into force in 1996 and has its secretariat in Bonn, Germany . It addresses desertification, land degradation and drought , with particular attention to dryland regions. Along with the climate and biodiversity conventions, it forms part of the major multilateral environmental framework that emerged from the 1992 Rio Earth Summit process.

Question 15

Which statement correctly identifies FQCI in relation to India's National Quantum Mission?

Accepted Answer

Foundation for Quantum Computing Innovation; Quantum Computing Thematic Hub established by IISc as a Section 8 company - FQCI stands for Foundation for Quantum Computing Innovation . The supplied article states that it was established by IISc as a Section 8 company and functions as the Quantum Computing Thematic Hub , one of four thematic hubs under the National Quantum Mission. Static GK link: India's National Quantum Mission was approved in 2023 to strengthen capabilities across quantum computing, communication, sensing and metrology, and quantum materials and devices. A Section 8 company under the Companies Act is formed for charitable or not-for-profit objectives rather than dividend distribution.

Daily Current Affairs Quiz 02 September 2026: 15 Important GK MCQs for UPSC, SSC, Banking & Railways Exams

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