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28 May 2026 Current Affairs MCQ

and reproductive rights.


9. RBI issued amendment directions for which banking institutions?

A) Payment Banks only
B) Small Finance Banks only
C) Urban and Rural Co-operative Banks
D) Foreign Banks only

Answer: C) Urban and Rural Co-operative Banks

Explanation:
The amendments were introduced to strengthen governance standards in the cooperative banking sector.


10. IRDAI reported that Insurance Ombudsman offices resolved more than how many grievances during FY2025–26?

A) 21,000
B) 31,000
C) 41,000
D) 51,000

Answer: C) 41,000

Explanation:
IRDAI stated that more than 41,000 grievances were resolved during the financial year.


11. Which fintech platform received Corporate Agency and ISNP licences from IRDAI?

A) Razorpay
B) Jumpp
C) Paytm
D) BharatPe

Answer: B) Jumpp

Explanation:
Jumpp received the licences to strengthen its insurance and fintech operations.


12. RBI imposed a monetary penalty of ₹2.70 lakh on:

A) Newa Investments Private Limited
B) LIC Housing Finance
C) Bajaj Finserv
D) Muthoot Finance

Answer: A) Newa Investments Private Limited

Explanation:
The penalty was imposed for non-compliance with RBI regulatory norms.


13. Which organisation released the report “State and Trends of Carbon Pricing 2026”?

A) IMF
B) UNEP
C) World Bank Group
D) WTO

Answer: C) World Bank Group

Explanation:
The report analyses global developments related to carbon pricing systems and climate policy.


14. Elias George was appointed as Part-Time Chairman of:

A) South Indian Bank
B) Federal Bank
C) Canara Bank
D) Indian Overseas Bank

Answer: B) Federal Bank

Explanation:
RBI approved the appointment of former IAS officer Elias George as Part-Time Chairman.


15. FSIB recommended D. Sivakumar for the post of Deputy Managing Director of:

A) NABARD
B) SIDBI
C) IIFCL
D) EXIM Bank

Answer: C) IIFCL

Explanation:
The recommendation was made for India Infrastructure Finance Company Limited.


16. Which country launched the Shenzhou-23 spacecraft mission?

A) Russia
B) United States
C) Japan
D) China

Answer: D) China

Explanation:
China launched the mission carrying three astronauts to the Tiangong Space Station.


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