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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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411. India's SEBI introduced T+1 settlement cycle for equity markets, meaning trades settle in?
A. 1 day (next business day)
B. Same day
C. 2 days
D. 3 days
Explanation: India's SEBI implemented T+1 (Trade + 1 day) settlement for equity markets, with trades settling the next business day. This is among the fastest settlement globally.
412. Which alliance won the 2026 Puducherry elections?
A. NDA
B. INDIA bloc (Congress-led)
C. DMK alliance
D. AIADMK alliance
Explanation: The NDA won a simple majority in the 2026 Puducherry elections, and N. Rangaswamy formed the government.
413. India's Pradhan Mantri E-Bus Seva scheme is aimed at?
A. Deploying electric buses in cities
B. Subsidizing auto-rickshaws
C. Rural transport connectivity
D. Railway electrification
Explanation: PM e-Bus Seva scheme was launched in 2023 to deploy 10,000 electric buses in 169 cities across India, improving urban public transport and reducing emissions.
414. India's PARAM Siddhi AI supercomputer is used for?
A. AI/ML research (National Supercomputing Mission)
B. Nuclear weapons design
C. Weather forecasting only
D. Stock market analysis
Explanation: PARAM Siddhi is India's top AI supercomputer (FLOPS: 5.267 petaflop), built under the National Supercomputing Mission, used for AI, ML, drug discovery, and scientific research.
415. India's International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City) is modelled on?
A. Dubai DIFC and Singapore financial centres
B. Wall Street
C. City of London
D. Frankfurt financial hub
Explanation: GIFT City IFSC is India's international financial services hub in Gujarat, offering a regulated environment for global financial services, modelled on Dubai DIFC and Singapore's financial centre.