Current Affairs MCQ – 26 May 2026 | Top 10 Questions for SSC, UPSC, Banking, Railway & Police Exams
Welcome to CareerFocusNow‘s daily Current Affairs MCQ series for 26 May 2026. These Top 10 questions are based on the most important and fully verified news events of the past 24 hours. Whether you are preparing for SSC, UPSC, Banking, Railway, Defence, Police, or any State-level competitive exam — these MCQs are crafted to give you an edge. Every question comes with 4 options, a clear correct answer, and a detailed explanation so you understand the concept, not just memorize the fact.
📋 Today’s Current Affairs MCQ – 26 May 2026 (Latest 24 Hours)
Q1. How much record surplus (dividend) did the Reserve Bank of India approve for transfer to the Central Government for the financial year 2025-26?
A) ₹2,11,000 crore
B) ₹2,68,000 crore
C) ₹2,86,588 crore
D) ₹3,10,000 crore
✅ Correct Answer: C) ₹2,86,588 crore (approximately ₹2.87 Lakh Crore)
Explanation: The Central Board of Directors of the Reserve Bank of India, at its 623rd meeting held in Mumbai on 22 May 2026 under the chairmanship of RBI Governor Sanjay Malhotra, approved a record surplus transfer of ₹2,86,588.46 crore to the Central Government for FY 2025-26. This is the highest-ever dividend transfer from RBI to the government, surpassing the previous record of ₹2.68 lakh crore transferred for FY 2024-25. RBI’s gross income rose 26.42% year-on-year and its total balance sheet expanded 20.61% to ₹91.97 lakh crore as of 31 March 2026.
📌 About RBI: Established: 1 April 1935 | Headquarters: Mumbai | Current Governor: Sanjay Malhotra (since 11 December 2024)
Q2. When was NEET UG 2026 officially cancelled by NTA, and which agency is currently investigating the paper leak case?
A) Cancelled on 3 May 2026 – Investigated by ED
B) Cancelled on 12 May 2026 – Investigated by CBI
C) Cancelled on 20 May 2026 – Investigated by NIA
D) Cancelled on 15 May 2026 – Investigated by SIT
✅ Correct Answer: B) Cancelled on 12 May 2026 – Investigated by CBI
Explanation: NEET UG 2026 was conducted on 3 May 2026. However, following widespread evidence of a coordinated question paper leak, the National Testing Agency (NTA) officially cancelled the examination on 12 May 2026. The government subsequently ordered a Central Bureau of Investigation (CBI) probe into the matter. Over 22 lakh students were affected by this cancellation. A nationwide Re-NEET examination has been scheduled for 21 June 2026. NTA also activated a fee refund portal from 22 to 27 May 2026 for all affected candidates.
📌 About NTA: National Testing Agency | Established: 2017 | Headquarters: New Delhi | Conducts NEET, JEE, CUET and other national-level entrance exams
Q3. What was the theme of International Fleet Review (IFR) 2026, and where was it conducted?
A) “Oceans of Peace” – Mumbai
B) “United Through Oceans” – Visakhapatnam
C) “Maritime Power 2026” – Kochi
D) “Blue Water Force” – Chennai
✅ Correct Answer: B) “United Through Oceans” – Visakhapatnam
Explanation: The International Fleet Review (IFR) 2026, organised by the Indian Navy under the theme “United Through Oceans, Strengthening Bridges of Friendship,” was held on 18 February 2026 off the coast of Visakhapatnam, Andhra Pradesh. President Droupadi Murmu, in her capacity as Supreme Commander of the Armed Forces, reviewed the fleet aboard INS Sumedha — an indigenously built Offshore Patrol Vessel serving as the Presidential Yacht. A total of 85 ships participated, including 19 foreign warships from over 70 countries. India previously hosted IFRs in 2001 at Mumbai and 2016 at Visakhapatnam. The President also highlighted India’s MAHASAGAR framework during the event.
📌 About Andhra Pradesh: Capital: Amaravati | Chief Minister: N. Chandrababu Naidu | Governor: Justice S. Abdul Nazeer (Retd.)
Q4. Where was India AI Impact Summit 2026 held, and which vision did PM Modi unveil at the summit?
A) Vigyan Bhawan, Delhi – DIGITAL India Vision
B) Bharat Mandapam, New Delhi – MANAV Vision
C) Yashobhoomi, Dwarka – AI India 2030 Vision
D) IIT Delhi – Smart India Vision
✅ Correct Answer: B) Bharat Mandapam, New Delhi – MANAV Vision
Explanation: Prime Minister Narendra Modi inaugurated the India AI Impact Summit 2026 on 19 February 2026 at Bharat Mandapam, New Delhi. This was the first global AI summit hosted in the Global South, with participation from over 100 countries and more than 500 AI experts and leaders. PM Modi unveiled the MANAV vision — standing for ethical guardrails, accountable governance, data sovereignty, broad access, and legal validity for AI systems. The summit’s theme was “Sarvajan Hitaya, Sarvajan Sukhaya” (Welfare for All, Happiness for All). French President Emmanuel Macron and UN Secretary-General Antonio Guterres also addressed the summit. The New Delhi Frontier AI Impact Commitments were also announced at the event.
Q5. After which election was Japan’s PM Sanae Takaichi re-appointed as Prime Minister, and what is her historical distinction?
A) After September 2025 election – Japan’s 2nd woman PM
B) After 8 February 2026 Lower House election – Japan’s 1st woman PM
C) After December 2025 election – Japan’s 3rd woman PM
D) After October 2025 election – Japan’s 1st woman PM
✅ Correct Answer: B) After 8 February 2026 Lower House election – Japan’s 1st woman PM
Explanation: Sanae Takaichi became Japan’s first-ever woman Prime Minister when she was first appointed on 21 October 2025, succeeding Shigeru Ishiba. On 8 February 2026, she called a snap Lower House election in which the LDP won 316 out of 465 seats — a landslide victory and the first time since World War II that a single party controlled more than two-thirds of the Lower House. On 18 February 2026, her cabinet resigned en masse as a formality and she was re-elected as PM by the National Diet. She is also the first woman to lead Japan’s Liberal Democratic Party.
📌 About Japan: Capital: Tokyo | PM: Sanae Takaichi | Ruling Party: Liberal Democratic Party (LDP) | Emperor: Naruhito
Q6. Major Abhilasha Barak of the Indian Army received which United Nations award, and when was it presented?
A) UN Peace Ambassador Award – 15 May 2026
B) UN Military Gender Advocate of the Year Award (2025) – 22-23 May 2026
C) UN Women Leadership Award – 20 May 2026
D) UN Humanitarian Service Medal – 18 May 2026
✅ Correct Answer: B) UN Military Gender Advocate of the Year Award (2025) – 22-23 May 2026
Explanation: Indian Army officer Major Abhilasha Barak was honoured with the United Nations Military Gender Advocate of the Year Award for 2025 on 22-23 May 2026. This prestigious UN award is presented annually to military personnel who have demonstrated exceptional dedication to promoting gender equality and women’s rights in peacekeeping operations. Major Barak is among the select Indian Army women officers who have served in UN peacekeeping missions. This recognition reflects India’s growing contribution to gender-sensitive peacekeeping globally.
📌 About United Nations: Established: 24 October 1945 | Headquarters: New York, USA | Secretary-General: António Guterres
Q7. Rajya Sabha MP Raghav Chadha was appointed as the Chairman of which committee, and from which date did the appointment take effect?
A) Committee on Finance – 15 May 2026
B) Committee on Petitions – 20 May 2026
C) Public Accounts Committee – 23 May 2026
D) Committee on Ethics – 22 May 2026
✅ Correct Answer: B) Committee on Petitions – 20 May 2026
Explanation: Rajya Sabha member Raghav Chadha was appointed as the Chairman of the Committee on Petitions of the Rajya Sabha (Upper House) on 23 May 2026, with the appointment taking effect from 20 May 2026. The Committee on Petitions is one of the important standing committees of the Rajya Sabha that examines public grievances and petitions. Raghav Chadha represents Punjab in the Rajya Sabha. He joined the Bharatiya Janata Party (BJP) in April 2026 after previously being with the Aam Aadmi Party since 2012.
Q8. What was India’s retail inflation (CPI) for April 2026, and what CPI inflation forecast has the RBI projected for FY 2025-26?
A) CPI – 4.2%, RBI Forecast – 3.5%
B) CPI – 3.48%, RBI Forecast – 2.0%
C) CPI – 5.1%, RBI Forecast – 4.0%
D) CPI – 2.9%, RBI Forecast – 2.5%
✅ Correct Answer: B) CPI – 3.48%, RBI Forecast – 2.0%
Explanation: India’s Consumer Price Index (CPI)-based retail inflation for April 2026 stood at 3.48%, slightly higher than 3.40% in March 2026, but still comfortably within the Reserve Bank of India’s target band. The marginal uptick is attributed to easing food prices. The RBI has revised its CPI inflation forecast for FY 2025-26 downward from 2.6% to 2.0%, citing favourable food and fuel price movements. This data is critically important for questions in Economy, Banking Awareness, and Monetary Policy sections across all major competitive exams.
Q9. What is the name of the ‘Made in India’ AI smartglasses launched by Sarvam AI at the India AI Impact Summit 2026, and who was the first person to test them?
A) Sarvam Drishti – tested by Defence Minister
B) Sarvam Kaze – tested by PM Narendra Modi
C) Bharat Vision AI – tested by IT Minister
D) IndiaEye Pro – tested by President Murmu
✅ Correct Answer: B) Sarvam Kaze – tested by PM Narendra Modi
Explanation: Indian startup Sarvam AI unveiled its first-ever hardware product — the “Sarvam Kaze” AI smartglasses — at the India AI Impact Summit 2026 held in New Delhi. Prime Minister Narendra Modi became the first person to try on and test the device at the summit. The smartglasses feature built-in cameras and microphones. Sarvam AI co-founder and CEO Pratyush Kumar confirmed this. Previously, Sarvam AI focused on AI software and language models. This launch places India in the global AI wearables race alongside products like Meta Ray-Ban Smart Glasses.
Q10. Which traditional handloom weaving revival plan was launched in Ganjam district of Odisha, and which department initiated it?
A) Ikat weaving revival – Odisha Tourism Department
B) Bomkai weaving revival – Odisha Handlooms, Textiles & Handicrafts Department
C) Sambalpuri weaving revival – Odisha Rural Development Department
D) Pasapali weaving revival – Ministry of Textiles, GoI
✅ Correct Answer: B) Bomkai weaving revival – Odisha Handlooms, Textiles & Handicrafts Department
Explanation: The Odisha government’s Handlooms, Textiles and Handicrafts Department launched a revival plan titled “Revival of Languishing Products” for the traditional Bomkai weaving craft in Ganjam district. Bomkai sarees are an ancient art form from Odisha that combine two weaving techniques — the jaala technique and weft-worked borders — producing distinctively intricate patterns. Bomkai is also a Geographical Indication (GI)-tagged product. Such handloom revival projects are frequently asked about in Economy, Current Affairs, and State GK sections of competitive exams.
📌 About Odisha: Capital: Bhubaneswar | Chief Minister: Mohan Charan Majhi | Foundation Day: 1 April 1936 (Odisha Divas)
📊 Quick Answer Key – 26 May 2026 Current Affairs MCQ
| Question No. | Topic | Correct Answer |
| Q1 | RBI Record Dividend FY26 | C) ₹2,86,588 crore |
| Q2 | NEET UG 2026 Cancellation | B) 12 May 2026, CBI Investigation |
| Q3 | International Fleet Review 2026 | B) United Through Oceans – Visakhapatnam |
| Q4 | India AI Impact Summit 2026 | B) Bharat Mandapam – MANAV Vision |
| Q5 | Japan PM Sanae Takaichi | B) Feb 2026 election – Japan’s 1st Woman PM |
| Q6 | Major Abhilasha Barak UN Award | B) UN Military Gender Advocate 2025 – 22-23 May 2026 |
| Q7 | Raghav Chadha Rajya Sabha Committee | B) Committee on Petitions – 20 May 2026 |
| Q8 | India CPI Inflation April 2026 | B) 3.48%, RBI Forecast 2.0% |
| Q9 | Sarvam Kaze AI Smartglasses | B) Sarvam Kaze – tested by PM Modi |
| Q10 | Odisha Bomkai Weaving Revival | B) Bomkai – Odisha Handlooms Dept. |
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