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Current Affairs 2026 - Questions and Answers

Practice questions on Current Affairs Jan–May 2026 covering India elections, T20 World Cup, ICBM test, state elections, budget, and world events.

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186. PLI (Production Linked Incentive) scheme in India is designed to?
A. Boost domestic manufacturing across sectors
B. Subsidize imports
C. Fund infrastructure only
D. Support farmers
Explanation: PLI scheme provides financial incentives to boost domestic manufacturing across 14+ sectors including mobiles, pharma, auto, textiles, and semiconductors.
187. India's Startup India initiative was launched in which year?
A. 2016
B. 2014
C. 2018
D. 2019
Explanation: Startup India was launched on January 16, 2016 by PM Modi to build a strong ecosystem for nurturing innovation and startups in India.
188. India's Make in India campaign was launched in which year?
A. 2014
B. 2016
C. 2015
D. 2013
Explanation: Make in India was launched by PM Modi on September 25, 2014, to encourage companies to manufacture products in India.
189. India's current Finance Commission (16th) was headed by?
A. Arvind Panagariya
B. NK Singh
C. Vijay Kelkar
D. Rangarajan
Explanation: The 16th Finance Commission was constituted in December 2023 and headed by Arvind Panagariya, former NITI Aayog Vice Chairman.
190. Who won the 2026 Assam Legislative Assembly elections?
A. BJP
B. Congress
C. AGP
D. AIUDF
Explanation: The BJP won a sweeping majority in the 2026 Assam elections, securing 82 out of 126 assembly seats.