Daily Current Affairs Quiz 7 August 2026: 15 Important GK MCQs for UPSC, SSC, Banking & Railways Exams

Question 1

Under the Supreme Court directions reported in August 2026, what are the revised mandatory third-party insurance periods for newly purchased cars and two-wheelers?

Accepted Answer

4 years for cars and 6 years for two-wheelers - The Supreme Court of India extended the mandatory third-party insurance period for newly purchased vehicles by one year . New cars are to carry 4 years of third-party cover, while new two-wheelers require 6 years . • Bench → Justice Sanjay Karol and Justice Prashant Kumar Mishra • Objective → strengthen insurance compliance and reduce uninsured vehicles • Third-party cover → protects against legal liability for injury, death or property damage caused to another party Static GK link: The legal framework cited in the article is the Motor Vehicles Act , enacted in 1988 . The insurance regulator is IRDAI , headquartered in Hyderabad, Telangana .

Question 2

Which combination correctly matches the law governing the revised third-party motor insurance requirements and the headquarters of India's insurance regulator?

Accepted Answer

Motor Vehicles Act, 1988 - Hyderabad - The revised third-party insurance directions are linked with the Motor Vehicles Act, 1988 , while the Insurance Regulatory and Development Authority of India (IRDAI) is headquartered in Hyderabad, Telangana . • Revised car cover → 4 years • Revised two-wheeler cover → 6 years • Implementing regulator → IRDAI • The Court also asked IRDAI and the Ministry of Road Transport and Highways to explore a No Insurance, No Fuel pilot. Static GK link: Third-party insurance concerns liability toward another person rather than damage to the insured owner's own vehicle. It forms an important compulsory component of motor-vehicle insurance compliance.

Question 3

Which of the following correctly describes major targets of the Chhattisgarh Artificial Intelligence Mission approved in August 2026?

Accepted Answer

100 AI Data Labs, 5 Centres of Excellence and training for 6 lakh students - The Chhattisgarh Artificial Intelligence Mission , approved on 5 August 2026 , has a proposed outlay of Rs 500 crore and is aligned with the IndiaAI Mission . • AI Data Labs → 100 • Centres of Excellence → 5 over five years • Student training target → 6 lakh • Government employees to be trained → 1.5 lakh • Startup support → more than 300 AI startups • Proposed AI-enabled public services → more than 50 Static GK link: Chhattisgarh was formed on 1 November 2000 , and its capital is Raipur .

Question 4

The National Circular Bioenergy Scheme approved by the Union Cabinet carries what outlay and is linked to which umbrella initiative?

Accepted Answer

Rs 23,731 crore - GOBARdhan - The National Circular Bioenergy Scheme was approved with an outlay of Rs 23,731 crore for an implementation period of 10 years . It operates under the GOBARdhan initiative and focuses on converting biodegradable waste into useful energy. • Key outputs → biogas and compressed biogas • Feedstock → cattle dung, agricultural residue, municipal organic waste and other biodegradable material • Core approach → waste-to-wealth • Broader objective → cleaner energy, improved waste management and reduced dependence on conventional fuels Static GK link: The scheme connects the principles of a circular economy with renewable-energy production by treating organic waste as an economic and energy resource.

Question 5

Which institution released the report 'Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047' in August 2026?

Accepted Answer

NITI Aayog - NITI Aayog released the report Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047 on 5 August 2026 . It outlines a roadmap for professionalising India's caregiving ecosystem. • Major recommendation → National Policy on Caregiving • Proposed institution → National Caregiver Council • Proposed workforce mechanism → National Caregiver Registry • Focus → training, accreditation, certification, professional recognition and social-security support • Coverage → professional and family caregivers, including those assisting elderly persons and persons with disabilities Static GK link: NITI Aayog was established on 1 January 2015 , and the Prime Minister serves as its ex-officio Chairperson .

Question 6

NITI Aayog, which released the Reimagining Care report in August 2026, was established on which date?

Accepted Answer

1 January 2015 - NITI Aayog was established on 1 January 2015 . The institution featured in current affairs after releasing its caregiving roadmap on 5 August 2026 . • Report → Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047 • Report released by → Ashok Kumar Lahiri , Vice Chairperson of NITI Aayog • NITI Aayog Member mentioned → Dr. R. Balasubramaniam • Chief Executive Officer mentioned → Nidhi Chhibber Static GK link: The Prime Minister of India serves as the ex-officio Chairperson of NITI Aayog. The institution plays a policy and strategic advisory role in India's development framework.

Question 7

What policy repo rate did the Reserve Bank of India retain in its August 2026 Monetary Policy Committee meeting?

Accepted Answer

5.25% - The Reserve Bank of India Monetary Policy Committee unanimously retained the policy repo rate at 5.25% after its meeting held from 3-5 August 2026 under Governor Sanjay Malhotra . The policy stance remained neutral . • Standing Deposit Facility rate → 5.00% • Marginal Standing Facility rate → 5.50% • Bank Rate → 5.50% • FY 2026-27 GDP growth forecast → 6.7% • FY27 CPI inflation projection → 5.0% Static GK link: The RBI was established on 1 April 1935 and is headquartered in Mumbai .

Question 8

In its August 2026 monetary policy, RBI revised India's GDP growth projection for FY 2026-27 upward to what level?

Accepted Answer

6.7% - The Reserve Bank of India revised its GDP growth projection for FY 2026-27 upward to 6.7% from the earlier estimate of 6.6%. The Monetary Policy Committee simultaneously retained the repo rate at 5.25% . • Policy meeting → 3-5 August 2026 • Governor → Sanjay Malhotra • Monetary-policy stance → neutral • CPI inflation projection for FY27 → 5.0% • SDF rate → 5.00% • MSF and Bank Rate → 5.50% Static GK link: The RBI was established in 1935 and operates from its headquarters in Mumbai .

Question 9

India's first fully annotated telomere-to-telomere reference genome of pigeonpea was developed using which variety?

Accepted Answer

Asha - The ICAR-National Institute for Plant Biotechnology developed India's first fully annotated telomere-to-telomere reference genome of pigeonpea using the Asha variety of Arhar or Tur. • Genome assembly → NIPBCcT2T4 • Genome size → 752.65 million base pairs • Structure → 11 chromosomes, 11 centromeres and 22 telomeres • Genes identified → 36,557 , producing 48,008 mRNAs • Database → National Center for Biotechnology Information Static GK link: ICAR-NIPB had published a draft pigeonpea genome in 2011 and an improved version in 2017 . The new resource supports genomic breeding and crop improvement.

Question 10

What total allocation was announced for education in the Tamil Nadu Budget for FY 2026-27?

Accepted Answer

Rs 52,920 crore - The Tamil Nadu Budget for FY 2026-27 allocated Rs 52,920 crore to education. Of this, Rs 44,527 crore was earmarked for school education and Rs 8,393 crore for higher education. • Health allocation → Rs 23,357 crore • Energy allocation → Rs 15,828 crore • Social welfare allocation → Rs 9,818 crore • Fiscal deficit estimate → 3% of GSDP • Proposed AC electric buses → 1,000 Static GK link: The Budget also proposed 10 Olympic Centres of Excellence and raised the free-electricity limit to 200 units bi-monthly .

Question 11

Who received the COSPAR Vikram Sarabhai Medal 2026 and became the first Indian woman scientist to receive the honour?

Accepted Answer

Annapurni Subramaniam - Indian astrophysicist Annapurni Subramaniam received the COSPAR Vikram Sarabhai Medal 2026 . She achieved the distinction of becoming the first Indian woman scientist to receive the honour . • Institutional role → Director of the Indian Institute of Astrophysics • Indian recipient milestone → 4th Indian recipient • Global gender milestone → third woman globally to receive the medal • Award frequency mentioned in the article → biennial honour Static GK link: The award is named after Vikram Sarabhai and is associated with COSPAR. For exam revision, remember both the recipient's name and the milestone distinction, as awards questions commonly test the winner together with a first or rank-related achievement.

Question 12

Who took charge as an Executive Director of the Securities and Exchange Board of India on 6 August 2026?

Accepted Answer

Prasanta Mahapatra - Prasanta Mahapatra took charge as an Executive Director of SEBI on 6 August 2026 . The appointment was among the important personnel updates highlighted in the day's current-affairs compilation. • Organisation → Securities and Exchange Board of India • Position → Executive Director • Date of assuming charge → 6 August 2026 • Exam focus → match the appointee with the institution and designation Static GK link: SEBI is India's securities-market regulator. In competitive examinations, appointment questions involving financial regulators are often combined with questions on the regulator's sector of responsibility, making the organisation-position pairing especially important for Banking, Insurance and SSC preparation.

Question 13

National Javelin Day is observed in India on 7 August to commemorate which sporting achievement?

Accepted Answer

Neeraj Chopra's Tokyo Olympic javelin gold - National Javelin Day is observed on 7 August to commemorate Neeraj Chopra's historic men's javelin gold medal at the Tokyo Olympics. The observance honours the achievement while encouraging wider participation in the javelin throw. • Date observed → 7 August • Athlete → Neeraj Chopra • Event commemorated → men's javelin gold at the Tokyo Olympics • Purpose → celebrate the achievement and promote the discipline in India Static GK link: The observance was declared by the Athletics Federation of India . Important-day questions often combine the date with the personality or event being commemorated, so both elements should be revised together.

Question 14

GlobalPay received an RBI licence under which Authorised Dealer category for expanded foreign-exchange and cross-border payment services?

Accepted Answer

Authorised Dealer Category II - GlobalPay received an RBI licence as an Authorised Dealer Category II entity, permitting expanded regulated foreign-exchange and cross-border payment services. • Regulator → Reserve Bank of India • Licence category → Authorised Dealer Category II • Area of activity → regulated foreign exchange and cross-border payment services • Exam relevance → Banking questions frequently test RBI approvals together with the relevant licence category Static GK link: The RBI, which regulates India's foreign-exchange framework, was established on 1 April 1935 and is headquartered in Mumbai . The day's article also reported the policy repo rate at 5.25% , providing a useful linked banking-revision point.

Question 15

The sixth meeting of the BRICS Payment Task Force highlighted cooperation primarily in which area?

Accepted Answer

Cross-border payments, interoperability and local-currency settlements - The 6th meeting of the BRICS Payment Task Force focused on strengthening cross-border payments, interoperability and local-currency settlements . These areas are relevant to efforts aimed at improving payment connectivity among participating economies. • Meeting number → 6th • Core focus → cross-border payment systems • Technology and infrastructure concern → interoperability • Settlement focus → greater use of local currencies Static GK link: For competitive examinations, BRICS-related questions commonly connect multilateral cooperation with areas such as finance, payments and economic coordination. This update should therefore be revised together with contemporary banking developments such as RBI-regulated cross-border payment services and Authorised Dealer licensing.

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