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Current Affairs 17 August 2026 — Part 1
Practice 17-august-2026 with 15 free MCQ questions covering current-affairs. Detailed explanations in English and Hindi, perfect for UPSC, SSC, and competitive exam preparation.
17-august-2026 — Answer Key & Explanations (15 Questions)
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Q1.As per the RBI's August 2026 draft loan-pricing framework, floating-rate personal and MSME loans must be linked to an external benchmark that resets at a frequency of at most how many months?
- A.One month
- B.Three months✓ Correct Answer
- C.Six months
- D.Twelve months
Explanation: The draft requires lender consent from borrowers before changing benchmarks and proposes implementation from 1 April 2027, after a comment period ending 11 September 2026.
Q2.Under the Petroleum Ministry's August 2026 order fixing refinery-wise LPG production targets, which company received the single largest quota, at 18,000 tonnes/day?
- A.Indian Oil Corporation
- B.Bharat Petroleum
- C.Reliance Industries✓ Correct Answer
- D.Nayara Energy
Explanation: The combined target for all 21 refiners and upstream companies is 63,810 tonnes/day — about 70% of India's daily LPG consumption — set up as a domestic supply buffer against West Asia disruptions.
Q3.The Mineral Exchange Rules, 2026 set up a regulated electronic exchange for trading major minerals; which body will supervise platform registration under these rules?
- A.Securities and Exchange Board of India
- B.Indian Bureau of Mines✓ Correct Answer
- C.Reserve Bank of India
- D.Ministry of Commerce
Explanation: The exchange will start with iron ore, limestone, manganese and bauxite from the next financial year, replacing legacy allocation with transparent, market-based pricing, following the Mines and Minerals (Development and Regulation) Amendment Bill, 2026.
Q4.India's UPI recorded its highest-ever monthly transaction volume in July 2026. What was the approximate value of transactions processed?
- A.₹9.88 lakh crore
- B.₹19.88 lakh crore
- C.₹29.88 lakh crore✓ Correct Answer
- D.₹39.88 lakh crore
Explanation: UPI processed 23.66 billion transactions in July 2026, reflecting sustained growth of digital payments into Tier-2, Tier-3 and rural India.
Q5.Regarding E20 (20% ethanol-blended) petrol, the Petroleum Ministry clarified that mileage reduction varies roughly by how much depending on the vehicle?
- A.0.5-1%
- B.1-6%✓ Correct Answer
- C.10-15%
- D.20-25%
Explanation: The ministry said this reduction is partly offset by driving habits and vehicle maintenance, while E20 offers higher octane and cleaner combustion; no decision has been taken to raise blending beyond 20%.
Q6.The CEA (Cyber Security in Power Sector) Regulations, 2026 require power-sector cyber incidents to be reported to the nodal agency CSIRT-Power within how many hours?
- A.Two hours
- B.Six hours✓ Correct Answer
- C.Twelve hours
- D.Twenty-four hours
Explanation: Gazetted on 31 July 2026, the regulations cover generating companies, energy storage systems of 50 MW+ and power exchanges, with mandatory provisions effective from 1 April 2027.
Q7.Under the Election Commission's Special Intensive Revision in Maharashtra, Booth Level Officers completed door-to-door verification of approximately how many voters by 17 August 2026?
- A.50.8 lakh
- B.70.8 lakh
- C.90.8 lakh✓ Correct Answer
- D.1.2 crore
Explanation: The draft electoral roll for Maharashtra will be published on 24 August 2026, with the final roll due on 27 October 2026.
Q8.India's first university-led National Space Technology Conclave (17-18 August 2026) is being hosted by which institution, jointly with ISRO and IIST?
- A.IIT Bombay
- B.Chandigarh University✓ Correct Answer
- C.BITS Pilani
- D.Amity University
Explanation: The conclave brings together 30 scientists and mission leaders — including Group Captain Shubhanshu Shukla — and culminates in the 'Chandigarh University Declaration on Space Technology for Viksit Bharat 2047'.
Q9.IIT Kanpur launched India's first detonation tube facility, funded by ISRO and DRDO, to research propulsion for which future applications?
- A.Electric vehicles
- B.Aerospace and hypersonic applications✓ Correct Answer
- C.Agricultural drones
- D.Undersea cables
Explanation: Detonation-based propulsion research could support future hypersonic and aerospace vehicle development in India.
Q10.NIELIT's 'CYBER KUSHTI 2026' national hackathon is distinctive because it primarily scores participants on what, rather than vulnerability-finding speed?
- A.Coding speed
- B.Judgment in prioritising and defending security decisions✓ Correct Answer
- C.Team size
- D.Social media following
Explanation: Run with the ISAC Foundation and CERT-In as knowledge partner, the free hackathon (registration till 10 September 2026) culminates in an October final in New Delhi.
Q11.The Department of Posts' 'IT 2.0 – Advanced Postal Technology' upgrade, integrating UPI payments via dynamic QR codes across 1.65 lakh post offices, carries what approximate investment?
- A.₹580 crore
- B.₹1,800 crore
- C.₹5,800 crore✓ Correct Answer
- D.₹15,800 crore
Explanation: The rollout was announced by Communications Minister Jyotiraditya Scindia as part of the government's Digital India push.
Q12.Uttar Pradesh's One-Time Settlement scheme for pending property tax dues, launched 15 August 2026, covers outstanding dues up to which date, with full waiver of accumulated interest and surcharge?
- A.1 April 2025
- B.1 April 2026✓ Correct Answer
- C.1 January 2026
- D.31 December 2025
Explanation: The scheme runs across all 762 urban local bodies in UP until 15 December 2026, allowing payment in up to three instalments.
Q13.The Karnataka Cabinet approved the Regulation of Use of Government Premises and Public Property Bill, 2026, which requires what for using government land, buildings, parks or roads?
- A.No requirement for private use
- B.Prior permission✓ Correct Answer
- C.Only a cash deposit
- D.Court approval
Explanation: The Bill lays down penalties for misuse, and the government said it does not target any specific organisation despite the political backdrop of a dispute over public-space use.
Q14.During his two-day Tamil Nadu visit (16-17 August 2026), Vice-President C. P. Radhakrishnan attended the Central University of Tamil Nadu's 11th convocation in which city?
- A.Chennai
- B.Madurai
- C.Thiruvarur✓ Correct Answer
- D.Coimbatore
Explanation: He also attended SRM Institute of Science and Technology's 22nd convocation at Chengalpattu, besides literary and commemorative events in Chennai.
Q15.The Chembur Metro station, opened by MMRDA on 13 August 2026 on Mumbai Metro Line 2B, is significant as a key interchange connecting the Metro, suburban railway and which other network?
- A.Monorail✓ Correct Answer
- B.Tram
- C.Ferry
- D.Bus Rapid Transit
Explanation: The interchange serves commuters in eastern Mumbai as part of the city's expanding public transport network.
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