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Current Affairs 14 August 2026 — Part 1
Practice 14-august-2026 with 15 free MCQ questions covering current-affairs. Detailed explanations in English and Hindi, perfect for UPSC, SSC, and competitive exam preparation.
14-august-2026 — Answer Key & Explanations (15 Questions)
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Attempt the quiz above first, then review every question with its correct answer and a short explanation below.
Q1.Parliament's Mines and Minerals (Development and Regulation) Amendment Bill, 2026 restricts states' power to tax which of the following?
- A.Mineral rights and mineral-bearing lands✓ Correct Answer
- B.Agricultural land revenue
- C.Urban property tax
- D.Motor vehicle registration
Explanation: The Centre will regulate major minerals like coal, limestone, iron ore, copper and manganese to ensure uniform rates nationally, while states keep power over 49 minor minerals.
Q2.The Bankers' Books Evidence Bill, 2026, passed by Parliament in August 2026, repeals which century-old law?
- A.The Bankers' Books Evidence Act, 1891✓ Correct Answer
- B.The Indian Evidence Act, 1872
- C.The Negotiable Instruments Act, 1881
- D.The Banking Regulation Act, 1949
Explanation: The new law formally recognises physical, electronic, digital and cloud-based banking records as admissible court evidence.
Q3.As per Assam CM Himanta Biswa Sarma's update in August 2026, how much rice has been distributed to flood-affected families since relief operations began?
- A.Over 48.5 lakh kg✓ Correct Answer
- B.Over 10 lakh kg
- C.Over 100 lakh kg
- D.Over 25 lakh kg
Explanation: Relief supplies also included about 10.16 lakh kg of dal, 4.01 lakh kg of salt and 1.64 lakh litres of mustard oil.
Q4.The MY Bharat platform, aimed at engaging and empowering India's youth, crossed how many registrations as of August 2026?
- A.2.22 crore✓ Correct Answer
- B.1 crore
- C.5 crore
- D.50 lakh
Explanation: MY Bharat (Mera Yuva Bharat) is the government's national youth engagement platform.
Q5.At its August 2026 meeting, the RBI's Monetary Policy Committee kept the repo rate unchanged at what level, for the fourth straight time?
- A.5.25%✓ Correct Answer
- B.5.5%
- C.6%
- D.4.75%
Explanation: The MPC also raised its FY27 GDP growth forecast to 6.7% and lowered the CPI inflation projection to 5%, retaining a 'neutral' stance.
Q6.India's combined goods-and-services exports rose about 13.3% year-on-year in July 2026 to reach approximately:
- A.$80.14 billion✓ Correct Answer
- B.$60 billion
- C.$100 billion
- D.$44.24 billion
Explanation: Merchandise exports alone hit a record July high of $44.24 billion, even as the overall trade deficit widened to $15.03 billion.
Q7.Bank of America agreed to acquire up to a 49.9% stake in which NBFC, in a deal worth about Rs 18,268 crore?
- A.Jio Credit Limited✓ Correct Answer
- B.Bajaj Finance
- C.Tata Capital
- D.HDB Financial Services
Explanation: Jio Credit is the NBFC lending arm of Jio Financial Services; the deal starts with an initial 26.5% stake via equity and warrants.
Q8.MCX and NISM signed an MoU in August 2026 to jointly set up a centre focused on research and training in which market segment?
- A.Commodity derivatives✓ Correct Answer
- B.Equity mutual funds
- C.Cryptocurrency
- D.Government bonds
Explanation: The MCX-NISM Centre for Commodity Markets will be housed at NISM and focus on research, training and investor awareness.
Q9.In the August 2026 ACC reshuffle, Pallavi Jain Govil took over as Secretary of which ministry, succeeding Deepti Gaur Mukerjee?
- A.Corporate Affairs✓ Correct Answer
- B.Home Affairs
- C.Youth Affairs
- D.Jal Shakti
Explanation: Deepti Gaur Mukerjee moved to become Higher Education Secretary; Sunil Paliwal was named Youth Affairs Secretary in the same reshuffle.
Q10.Gyanesh Bharti, a 1998-batch AGMUT-cadre IAS officer, was appointed Chief Secretary of which Union Territory in August 2026?
- A.Andaman and Nicobar Islands✓ Correct Answer
- B.Puducherry
- C.Chandigarh
- D.Jammu and Kashmir
Explanation: He was repatriated to the appointment from his post as Deputy Election Commissioner.
Q11.The West Bengal government withdrew its 'Banga Bibhushan' honour from BJP MP Nagendra Ray in August 2026 over his remarks about which historical figure?
- A.Netaji Subhas Chandra Bose✓ Correct Answer
- B.Rabindranath Tagore
- C.Ishwar Chandra Vidyasagar
- D.Swami Vivekananda
Explanation: The state government said the remarks were inconsistent with the dignity and purpose of the award.
Q12.Amit Shah launched the 'Gramin Gyan Setu' app on National Library Day to connect village libraries in which Lok Sabha constituency?
- A.Gandhinagar, Gujarat✓ Correct Answer
- B.Varanasi, Uttar Pradesh
- C.Amethi, Uttar Pradesh
- D.Bhopal, Madhya Pradesh
Explanation: The app links 752 village libraries to four central hub libraries holding about 2.8 lakh books; National Library Day marks S R Ranganathan's birth anniversary.
Q13.The 'One Herb, One Standard' initiative, renewed via an MoU between PCIM&H and IPC in August 2026, aims to harmonise standards for:
- A.Herbal drugs across Ayurveda, Siddha, Unani and Homoeopathy✓ Correct Answer
- B.Allopathic generic medicines
- C.Vaccine cold-chain storage
- D.Ayurvedic export packaging
Explanation: The renewed MoU extends the initiative for three more years, building on 50 medicinal-plant monographs already developed since 2022.
Q14.Amit Shah's 'Sahkar Nav-Kranti' programme, launched at NUCFDC's new Mumbai office, introduced 'Bank in a Box' for which sector?
- A.Urban Cooperative Banks✓ Correct Answer
- B.Regional Rural Banks
- C.Payment banks
- D.Microfinance institutions
Explanation: NUCFDC's headquarters is also being shifted from Delhi to Mumbai as part of the announcement.
Q15.The Delhi Cabinet, led by CM Rekha Gupta, cleared a draft bill in August 2026 proposing self-certification and no routine inspections for three years for which category of industries?
- A.Low-risk industries✓ Correct Answer
- B.Heavy manufacturing units
- C.Pharmaceutical export units
- D.All industries without exception
Explanation: The Ease of Doing Business Bill, 2026 has been sent to the Union Home Ministry for further action.
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