Daily Current Affairs
2 May 2026 · 10 questions
The Centre appointed Rohit Jain as Deputy Governor of RBI for a three-year tenure. From which date is his appointment effective?
Correct Answer: C. May 3, 2026
The Government of India appointed Rohit Jain as Deputy Governor of the Reserve Bank of India (RBI) for a tenure of three years. The appointment, finalised after approval by the Appointments Committee of the Cabinet (ACC), takes effect from May 3, 2026. He succeeds T. Rabi Sankar. RBI has 4 Deputy Governors and is headquartered in Mumbai. The current RBI Governor is Sanjay Malhotra.
The Government notified the Citizenship (Amendment) Rules, 2026 to streamline OCI and citizenship processes. Which ministry issued these amendments?
Correct Answer: A. Ministry of Home Affairs (MHA)
The Government of India notified the Citizenship (Amendment) Rules, 2026, introducing important changes related to Overseas Citizen of India (OCI) cardholders and citizenship procedures. The amendments were issued by the Ministry of Home Affairs (MHA) and modify the existing Citizenship Rules, 2009 to make the citizenship-related process more streamlined and transparent.
RBI announced that what percentage of ₹2,000 currency notes have been returned to the banking system?
Correct Answer: D. 98.47%
The Reserve Bank of India announced that 98.47% of ₹2,000 currency notes have been returned to the central banking system. The ₹2,000 denomination notes were withdrawn by the RBI on May 19, 2023 — three years ago. This marks a significant milestone in India's currency management process and reflects a smooth transition. ₹2,000 notes were originally introduced after demonetisation in November 2016.
Indian men's badminton team beat Chinese Taipei 3-0 to enter the Thomas Cup 2026 semifinals. The tournament was held in which country?
Correct Answer: B. Denmark
The Indian men's badminton team delivered a sensational performance at Thomas Cup 2026, defeating Chinese Taipei 3-0 in Horsens, Denmark, to enter the semifinals and secure a medal. This is only the second time India has reached the Thomas Cup semifinals — the first being their historic title win in 2022. The Thomas Cup is the men's world team championship in badminton, held biennially.
Lok Sabha Speaker Om Birla reconstituted four major Parliamentary Committees for 2026-27. What is the tenure of these committees?
Correct Answer: C. 1 year
Lok Sabha Speaker Om Birla reconstituted four major Parliamentary Committees for the term 2026-27, with a tenure of one year starting from May 1, 2026. These Parliamentary Committees play a vital role in ensuring accountability, transparency, financial discipline, and social justice in the governance framework. The major financial committees include Public Accounts, Estimates, and Public Undertakings.
India tested the new Cell Broadcast Alert System on May 2, 2026 to warn citizens during disasters. Which national body conducted the trial?
Correct Answer: A. NDMA (National Disaster Management Authority)
India started its new Cell Broadcast Alert System to quickly warn people during natural disasters. On May 2, 2026 around 11:42 AM, many Indian citizens received a flash test message as part of a nationwide trial conducted by the National Disaster Management Authority (NDMA). The Cell Broadcast Alert System sends warnings directly to mobile phones in a specific area without internet or SMS.
The Citizenship (Amendment) Rules, 2026 modified which existing rules?
Correct Answer: D. Citizenship Rules, 2009
The Citizenship (Amendment) Rules, 2026 modify the existing Citizenship Rules, 2009 to streamline citizenship-related processes for Overseas Citizen of India (OCI) cardholders and other applicants. The original Citizenship Act was passed in 1955. The Citizenship Rules, 2009 set out detailed procedures including for renunciation, registration, naturalisation, and OCI registration.
The ₹2,000 currency notes (now 98.47% returned) were originally introduced after which event?
Correct Answer: B. Demonetisation in November 2016
The ₹2,000 currency notes were introduced in November 2016 after the demonetisation announcement by PM Narendra Modi (November 8, 2016) which scrapped ₹500 and ₹1,000 notes. The ₹2,000 note was the highest-denomination currency note in India. RBI withdrew it from circulation on May 19, 2023, and 98.47% has now been returned to the banking system as per the latest RBI announcement.
India previously won the Thomas Cup title for the first time in which year?
Correct Answer: C. 2022
India won the Thomas Cup title for the first time in 2022 — a historic moment when the Indian men's badminton team defeated 14-time champions Indonesia 3-0 in the final at Bangkok, Thailand. This was India's first-ever Thomas Cup title in the tournament's 73-year history. Indian Thomas Cup 2026 is only the second time India has reached the semifinals, ensuring at least a bronze medal.
Rohit Jain — newly appointed RBI Deputy Governor — succeeds which outgoing Deputy Governor?
Correct Answer: A. T. Rabi Sankar
Rohit Jain succeeds T. Rabi Sankar as Deputy Governor of the Reserve Bank of India. T. Rabi Sankar's tenure ended, paving the way for Jain's three-year term effective May 3, 2026. RBI's Deputy Governors typically oversee specific portfolios such as monetary policy, financial markets, payment systems, regulation, and currency management. The current RBI Governor is Sanjay Malhotra.