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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306. India's Insolvency and Bankruptcy Code (IBC) was enacted in?
Explanation: The Insolvency and Bankruptcy Code (IBC) was enacted in May 2016 to resolve insolvencies in India quickly, replacing multiple existing laws.
307. India's largest public sector bank is?
Explanation: State Bank of India (SBI) is India's largest bank by assets, deposits, branches, and employees. It is also one of the largest banks in Asia.
308. India's first 'neobank' (digital-only bank) regulation is governed by?
Explanation: India's digital-only banks (neobanks) operate under RBI's licensing framework — typically as Payment Banks or Small Finance Banks.
309. PM Mudra Yojana provides loans to micro-enterprises under which three categories?
Explanation: PM Mudra Yojana provides loans under 3 categories: Shishu (up to Rs 50,000), Kishore (Rs 50,000 to Rs 5 lakh), and Tarun (Rs 5 lakh to Rs 10 lakh).
310. India's Stand Up India scheme targets?
Explanation: Stand Up India scheme facilitates bank loans of Rs 10 lakh to Rs 1 crore to at least one SC/ST borrower and one woman borrower per bank branch for greenfield enterprises.