MoU – a forward‑looking partnership for AI governance and digital leadership.
8. Former Indian cricketer Rahul Dravid has become the owner of which franchise in the European T20 Premier League?
A) London Lions
B) Dublin franchise
C) Edinburgh Royals
D) Paris Stars
Answer: B) Dublin franchise
Explanation: ‘The Wall’ is now a team owner – Rahul Dravid owns the Dublin franchise in the European T20 Premier League, a new chapter off the field.
9. India partnered with which international organisation to launch the COSOP 2026–2033 for rural livelihoods?
A) World Bank
B) International Fund for Agricultural Development (IFAD)
C) Asian Development Bank
D) UNDP
Answer: B) International Fund for Agricultural Development (IFAD)
Explanation: The Country Strategic Opportunities Programme (COSOP) 2026–2033 – a joint effort with IFAD – aims to boost rural incomes, resilience, and sustainable livelihoods.
10. SEBI’s proposed ‘GARUDA’ mechanism is designed to:
A) Regulate cryptocurrency trading
B) Speed up the launch of Alternative Investment Fund (AIF) schemes
C) Simplify mutual fund redemptions
D) Enhance stock market surveillance
Answer: B) Speed up the launch of Alternative Investment Fund (AIF) schemes
Explanation: GARUDA stands for “Green‑Channel: AIF Rollout Upon Document Acknowledgement” – a SEBI proposal to fast‑track AIF launches in India.
11. The Ministry of Finance empowered the Principal Bench of GSTAT, New Delhi to function as:
A) National Anti-Profiteering Authority
B) National Appellate Authority for Advance Rulings (NAAAR)
C) GST Investigation Wing
D) GST Policy Council
Answer: B) National Appellate Authority for Advance Rulings (NAAAR)
Explanation: A significant GST reform – the GSTAT principal bench in New Delhi now acts as the NAAAR , streamlining advance rulings.
12. Moody’s Ratings revised India’s GDP growth forecast for Calendar Year 2026 (CY26) to:
A) 6.5%
B) 6%
C) 5.8%
D) 7%
Answer: B) 6%
Explanation: Moody’s cut India’s forecast by 80 basis points to 6% – reflecting weaker global and domestic headwinds. Still steady, but slower.
13. CMS Info Systems secured a ₹400 crore contract from which bank for ATM management?
A) ICICI Bank
B) State Bank of India
C) HDFC Bank
D) Axis Bank
Answer: C) HDFC Bank
Explanation: CMS Info Systems bagged a ₹400 crore contract from HDFC Bank to manage around 6,000 ATMs over five years – a big win in cash management.
14. SEBI has proposed allowing depositories to use up to what percentage of interest from Investor Protection Fund (IPF) for administrative expenses?
A) 2%
B) 5%
C) 10%
D) 15%
Answer: B) 5%
Explanation: A
Month: Current Affairs - May 14, 2026
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