The RBI said banking and economic conditions are stable – so no need to activate the
Countercyclical Capital Buffer for now.
9. The government selected SBI Ventures as the fund manager for the Maritime Investment Fund of what size?
A) ₹10,000 crore
B) ₹15,000 crore
C) ₹20,000 crore
D) ₹25,000 crore
Answer: C) ₹20,000 crore
Explanation: The ₹20,000 crore Maritime Investment Fund will strengthen India’s maritime sector – and SBI Ventures will manage the money.
10. Mahindra & Mahindra partnered with which bank to launch India’s first sustainability‑linked dealer financing programme?
A) HDFC Bank
B) ICICI Bank
C) DBS Bank India
D) Axis Bank
Answer: C) DBS Bank India
Explanation: A green first in the auto industry – Mahindra & DBS Bank joined hands for sustainability‑linked financing for dealers.
11. Who was appointed as Executive Director of the Reserve Bank of India from 18 May 2026?
A) Gunveer Singh
B) M. Rajeshwar Rao
C) T. Rabi Sankar
D) Shaktikanta Das
Answer: A) Gunveer Singh
Explanation: Gunveer Singh took charge as RBI Executive Director – a key appointment in the central bank’s leadership.
12. Ali Falih Kadhim al‑Zaidi took oath as the new Prime Minister and Commander‑in‑Chief of which country’s armed forces?
A) Syria
B) Lebanon
C) Iraq
D) Jordan
Answer: C) Iraq
Explanation: Ali al‑Zaidi is now Iraq’s Prime Minister and military chief – a new leadership chapter for the nation.
13. India is set to receive the fourth squadron of which Russian‑origin air defence system?
A) S‑300
B) S‑400 Triumf
C) Buk‑M3
D) Tor‑M2
Answer: B) S‑400 Triumf
Explanation: The fourth S‑400 Triumf squadron will further strengthen India’s air defence network – a major strategic asset.
14. Researchers have developed a new ultrathin flexible film capable of converting tiny temperature variations into:
A) Light signals
B) Electrical signals
C) Sound waves
D) Magnetic fields
Answer: B) Electrical signals
Explanation: This breakthrough could lead to flexible electronics and smart sensors – a tiny film with big potential.
15. Scientists from CSIR–NGRI identified an ancient underground river channel beneath which region of Uttar Pradesh?
A) Lucknow–Kanpur
B) Prayagraj–Kanpur region
C) Varanasi–Gorakhpur
D) Agra–Mathura
Answer: B) Prayagraj–Kanpur region
Explanation: An ancient hidden river was found underground – a fascinating discovery that could help understand groundwater systems.
16. Liberty Mutual Insurance increased its stake in Liberty General Insurance to:
A) 51%
B) 62%
Month: Current Affairs - May 21, 2026
Category: