Current Affairs MCQ 27 May 2026 – Top 10 Quiz with Answers

Explanation: The Quadrilateral Security Dialogue (Quad) comprises India, the United States, Japan, and Australia. On 26 May 2026, External Affairs Minister S. Jaishankar hosted the Quad Foreign Ministers’ Meeting in New Delhi, attended by US Secretary of State Marco Rubio, Australian FM Penny Wong, and Japanese FM Toshimitsu Motegi. The meeting — their third in 18 months — focused on supply chain resilience, Indo-Pacific maritime security, and critical infrastructure.

📌 About Quad: The Quad was revived in 2017 after being dormant since 2008. It is an informal strategic grouping and not a military alliance. India is also the host of the Quad this year (2026).

Explanation: NEET-UG 2026 was conducted on 3 May 2026 across 551 cities in India and 14 overseas centres, with nearly 23 lakh candidates registered. Following allegations of paper leak received on 7 May, the NTA cancelled the examination on 12 May 2026. The Supreme Court, while hearing related petitions on 25 May, expressed strong displeasure, stating the NTA had “not learnt its lessons” from the 2024 NEET paper leak controversy. The government referred the matter to the CBI for a comprehensive probe.

📌 About NTA: The National Testing Agency was established in 2017 under the Ministry of Education. Headquarters: New Delhi. It conducts entrance exams including NEET, JEE Main, CUET, and UGC NET.

Explanation: India finalised the Letter of Request for 114 Rafale fighter jets worth approximately ₹3.25 lakh crore (around $39 billion). The LoR is expected to be sent to France within weeks. Of the 114 jets, nearly 96 will be manufactured in India under the ‘Make in India’ initiative through a partnership between Dassault Aviation and an Indian defence manufacturer, while 18 will be delivered in fly-away condition. The Defence Acquisition Council cleared the Acceptance of Necessity on 12 February 2026.

📌 About Dassault Aviation: French aerospace company, founded 1929. Headquarters: Paris, France. The Rafale is a twin-engine multi-role fighter capable of nuclear delivery, air superiority, and deep strike missions.

Explanation: The RBI cancelled the banking licence of The Yashwant Co-operative Bank Ltd., Phaltan, Maharashtra, with effect from the close of business on 19 May 2026. The RBI cited inadequate capital and poor earning prospects. Depositors are protected by DICGC insurance up to ₹5 lakh, and approximately 99.02% of depositors are eligible to receive their full deposits. The DICGC had already disbursed ₹106.96 crore to eligible depositors as of 20 April 2026.

📌 About DICGC: Deposit Insurance and Credit Guarantee Corporation is a wholly-owned subsidiary of the RBI. Established: 1961. It provides insurance on bank deposits up to ₹5 lakh per depositor per bank.
📌 About RBI: Established: 1 April 1935. Headquarters: Mumbai. Current Governor: Sanjay Malhotra (since 11 December 2024).

Explanation: India’s BRICS 2026 Chairship theme is “Building for Resilience, Innovation, Cooperation and Sustainability.” The inaugural TWG meeting was held virtually on 25 May 2026. India’s four key tourism priorities under BRICS are: AI and Tourism, Sustainability and Responsible Tourism, Tourism Skilling and Capacity Building, and Tourism Exchanges and Seamless Travel Facilitation. The next TWG meeting and BRICS Tourism Ministers’ Meeting are scheduled for August 2026 in Jaipur.

📌 About BRICS: Original members — Brazil, Russia, India, China, South Africa. Expanded in 2024 to include Egypt, Ethiopia, Iran, UAE, Saudi Arabia, and Indonesia. The 18th BRICS Summit is scheduled for September 2026 in India.

Explanation: After a 76-day price freeze, OMCs raised petrol and diesel prices four times between 15 May and 25 May 2026. The cumulative increase reached approximately ₹7.50 per litre. In Delhi, petrol crossed ₹102 per litre and diesel reached ₹95.20 per litre — the highest since May 2022. The trigger was a 50%+ surge in global crude oil prices following US-Israeli strikes on Iran and disruptions around the Strait of Hormuz. CNG prices were also hiked by ₹2/kg in Delhi-NCR, touching ₹83.09 per kg.

📌 Key Fact: India imports approximately 85% of its crude oil requirement. Petroleum products are currently outside the GST framework, so state VAT makes prices differ across states.

Explanation: India’s eight core infrastructure sectors recorded a modest growth of approximately 1.7% in April 2026. The eight core sectors are: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity. Together, these sectors account for about 40.27% of the Index of Industrial Production (IIP). A slow growth rate indicates muted industrial activity and is an important indicator for economic policy planning and exam-based GK questions on the Indian economy.

📌 Key Fact: The eight core sector data is released monthly by the Office of the Economic Adviser (OEA) under the Ministry of Commerce and Industry.

Explanation: A joint study by CSIR-NEERI (Council of Scientific and Industrial Research – National Environmental Engineering Research Institute) and CRRI (Central Road Research Institute), conducted for CAQM, identified road dust as the primary and persistent source of PM10 and PM2.5 pollution in Delhi. This is significant because while stubble burning gets seasonal attention, road dust contributes to air pollution throughout the year, making it a bigger long-term threat to air quality in the capital.

📌 About CAQM: Commission for Air Quality Management in NCR and Adjoining Areas. Statutory body established in 2021. Headquarters: New Delhi.
📌 About CSIR-NEERI: National Environmental Engineering Research Institute. Headquarters: Nagpur. Part of CSIR (established 1950).

Explanation: The Centre announced 131 Padma Awards on the eve of Republic Day 2026, including 5 Padma Vibhushan, 13 Padma Bhushan, and 113 Padma Shri honours. The Padma Awards are India’s civilian honours awarded annually on Republic Day. Padma Vibhushan is the second-highest civilian award (after Bharat Ratna), followed by Padma Bhushan (third highest), and Padma Shri (fourth highest).

📌 Key Fact: Bharat Ratna is India’s highest civilian honour. Padma Awards were instituted in 1954. They recognise exceptional and distinguished service to the nation across various disciplines.

Explanation: On 25 May 2026, both Banda (Uttar Pradesh) and Brahmpuri in the Vidarbha region of Maharashtra recorded the country’s highest maximum temperature at 47.6 degrees Celsius. This intense heatwave sweeping North and Central India has also significantly damaged Maharashtra’s Alphonso mango crop — a variety known as the ‘King of Mangoes’. The IMD has issued heatwave warnings for multiple states, while heavy rainfall alerts have been issued for Kerala and Tamil Nadu.

📌 About Uttar Pradesh: Capital — Lucknow. Established — 26 January 1950. Current CM — Yogi Adityanath.
📌 About Maharashtra: Capital — Mumbai. Established — 1 May 1960. Current CM — Devendra Fadnavis.

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