Directions – a gentle but firm nudge on compliance.
8. Dubai‑based Emirates NBD plans to invest around USD 3 billion in which Indian bank?
A) Yes Bank
B) IndusInd Bank
C) RBL Bank
D) IDFC First Bank
Answer: C) RBL Bank
Explanation: RBL Bank received all necessary approvals for a strategic investment of about USD 3 billion from Emirates NBD – a major vote of confidence from the Gulf.
9. Xflow launched a pilot programme allowing Indian businesses to accept international payments in:
A) Bitcoin and Ethereum
B) Ripple and Litecoin
C) USDC and USDT (stablecoins)
D) Dogecoin and Cardano
Answer: C) USDC and USDT (stablecoins)
Explanation: Xflow’s pilot enables Indian businesses to accept stablecoins like USDC and USDT and convert them compliantly into Indian Rupees – a bridge between crypto and mainstream finance.
10. SEBI’s new framework classifies certain market benchmarks as “Significant Indices” based on:
A) Trading volume
B) Number of constituent stocks
C) Assets Under Management (AUM) tracked by mutual funds
D) Market capitalisation
Answer: C) Assets Under Management (AUM) tracked by mutual funds
Explanation: SEBI introduced the “Significant Indices” framework based on AUM tracked by mutual fund schemes – bringing more clarity to passive investing.
11. Unified Payments Interface (UPI) was launched by NPCI under RBI in which year?
A) 2014
B) 2015
C) 2016
D) 2017
Answer: C) 2016
Explanation: UPI was launched on 11 April 2016 and has now completed 10 years – emerging as the world’s largest real‑time payments platform and the backbone of India’s digital economy.
12. Who became the first Indian woman to be elected as a Fellow of The Meteoritical Society?
A) Dr. Tessy Thomas
B) Dr. Kuljeet Kaur Marhas
C) Dr. Nandini Harinath
D) Dr. Ritu Karidhal
Answer: B) Dr. Kuljeet Kaur Marhas
Explanation: Dr. Kuljeet Kaur Marhas achieved a stellar honour – becoming the first Indian woman elected Fellow of The Meteoritical Society, a global body in planetary science.
13. The Indian Navy inaugurated its premier Naval Sailing Node at which location?
A) Chilika Lake, Odisha
B) Upper Lake (Bhojtal), Bhopal
C) Dal Lake, Srinagar
D) Vembanad Lake, Kerala
Answer: B) Upper Lake (Bhojtal), Bhopal
Explanation: The Indian Navy brought sailing adventure to central India by opening its Naval Sailing Node at Upper Lake, Bhopal – a beautiful spot for training and recreation.
14. India released its first satellite‑tagged Ganges soft‑shell turtle (Nilssonia gangetica) into:
A) Sundarbans National Park
B) Kaziranga National Park and Tiger Reserve
C) Jim Corbett National Park
D) Manas National Park
Month: Current Affairs - May 19, 2026
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