07-MAY-2026 Current Affairs
(1.) India's first Urban Testbed and Aerosol Observatory was inaugurated in May 2026 in which city?
(a.) Mumbai
(b.) Chennai
(c.) Bengaluru
(d.) Hyderabad
(2.) The Urban Testbed and Aerosol Observatory in Chennai functions under the aegis of which national framework?
(a.) Mission Mausam
(b.) National Clean Air Programme
(c.) Smart Cities Mission
(d.) IMD Weather Grid
(3.) During the May 2026 high-level summit, India and Vietnam set a bilateral trade target of how much by 2030?
(a.) $15 billion
(b.) $20 billion
(c.) $25 billion
(d.) $40 billion
(4.) Which digital payments infrastructure was agreed to be linked across borders between India and Vietnam in May 2026?
(a.) SWIFT Network
(b.) Unified Payments Interface (UPI)
(c.) Visa Direct
(d.) Mastercard Cross-Border
(5.) The Annual Survey of Unincorporated Sector Enterprises (ASUSE) is compiled and published by which ministry?
(a.) Ministry of Finance
(b.) Ministry of Commerce and Industry
(c.) Ministry of Statistics and Programme Implementation (MoSPI)
(d.) Ministry of Labour and Employment
(6.) Beginning with the recent round, ASUSE has transitioned its survey timeline to which frequency cycle?
(a.) Financial Year (April–March)
(b.) Calendar Year (January–December)
(c.) Quarterly Rolling Cycle
(d.) Biennial Census Cycle
(7.) What is the minimum net-worth requirement mandated by SEBI for Vault Managers operating Electronic Gold Receipts (EGRs)?
(a.) ₹20 crore
(b.) ₹50 crore
(c.) ₹100 crore
(d.) ₹500 crore
(8.) Electronic Gold Receipts (EGRs) traded on stock exchanges represent ownership of physical gold meeting which standards?
(a.) London Bullion Market Association (LBMA) or India Good Delivery Standard
(b.) ISO 9001 Commercial Standard only
(c.) RBI Sovereign Gold Standard
(d.) Bureau of Indian Standards Hallmark 22K
(9.) The Methane Alert and Response System (MARS), which expanded its scope to coal mines, is operated by which international body?
(a.) World Meteorological Organization (WMO)
(b.) United Nations Environment Programme (UNEP)
(c.) Intergovernmental Panel on Climate Change (IPCC)
(d.) Greenpeace International
(10.) Prior to its recent expansion, the MARS initiative focused exclusively on which sector?
(a.) Coal mining operations
(b.) Agricultural paddy fields
(c.) Oil and gas sector
(d.) Municipal solid waste landfills
(11.) Who visited New Delhi in May 2026 to elevate bilateral ties with India to an Enhanced Comprehensive Strategic Partnership?
(a.) President To Lam of Vietnam
(b.) Prime Minister of Singapore
(c.) President of Indonesia
(d.) Prime Minister of Malaysia
(12.) Which specialized institute developed the meteorological monitoring hardware for the Chennai Urban Testbed?
(a.) Indian Institute of Tropical Meteorology (IITM)
(b.) ISRO Space Application Centre
(c.) National Institute of Oceanography
(d.) Indian Institute of Science (IISc)
(13.) What does the unincorporated sector in economic surveys broadly refer to?
(a.) Enterprises registered under the Companies Act
(b.) Enterprises not registered under the Companies or LLP Acts
(c.) Public sector undertakings exclusively
(d.) Foreign multinational corporations operating branches
(14.) Which regulatory authority oversees securities markets and commodity derivatives like gold receipts in India?
(a.) Reserve Bank of India
(b.) Securities and Exchange Board of India (SEBI)
(c.) Insurance Regulatory and Development Authority
(d.) PFRDA
(15.) What is the primary function of the International Methane Emissions Observatory (IMEO)?
(a.) Collecting taxes on carbon trading
(b.) Collecting, reconciling, and transparently publishing methane emission data
(c.) Regulating global crude oil prices
(d.) Enforcing military sanctions on polluters
(16.) Which organization partnered with SRM Institute of Science and Technology for the Chennai observatory setup?
(a.) IITM under MoES
(b.) DRDO Naval Wing
(c.) NITI Aayog Innovation Cell
(d.) CSIR Environmental Bureau
(17.) What is the primary economic advantage of trading Electronic Gold Receipts (EGRs) over physical gold bars?
(a.) Exemption from all income taxes permanently
(b.) Elimination of physical storage risks, dematerialization, and transparent exchange pricing
(c.) Guaranteed 20% annual returns
(d.) Mandatory conversion into foreign currency
(18.) Methane (CH4) is considered a potent greenhouse gas because:
(a.) It remains in the atmosphere for over 10,000 years
(b.) Its global warming potential over a 20-year timescale is significantly higher than carbon dioxide
(c.) It is completely non-reactive in air
(d.) It only absorbs ultraviolet solar radiation
(19.) Which regional bloc includes Vietnam as a key member nation interacting closely with India's ASEAN policy?
(a.) SAARC
(b.) BICS
(c.) ASEAN
(d.) G20
(20.) Where is the headquarters of the Securities and Exchange Board of India (SEBI) located?
(a.) New Delhi
(b.) Mumbai
(c.) Kolkata
(d.) Chennai
(21.) How do aerosol observations assist in urban weather forecasting and climate studies?
(a.) By measuring airborne particulate matter concentration, cloud-aerosol interactions, and solar radiation balance
(b.) By measuring underground seismic tremors
(c.) By tracking deep ocean tidal currents
(d.) By mapping forest wildlife migration paths
(22.) Which entity acts as a SEBI-registered body corporate responsible for safely storing physical gold backing EGRs?
(a.) Vault Manager
(b.) Custodian Bank
(c.) Clearing Corporation of India
(d.) National Securities Depository
(23.) What does MoSPI stand for in the administrative structure of the Government of India?
(a.) Ministry of Statistics and Programme Implementation
(b.) Ministry of Social Protection and Public Infrastructure
(c.) Ministry of Science, Production and Innovation
(d.) Ministry of Sustainable Programme Investment
(24.) Why are coal mines being newly integrated into satellite-based methane monitoring systems like MARS?
(a.) Coal extraction and abandoned mines release substantial fugitive methane emissions that contribute significantly to global warming
(b.) Coal mines generate radioactive waste
(c.) Coal dust interferes with aviation radar
(d.) Methane from coal can be directly piped into homes
(25.) What strategic maritime initiative has Vietnam formally adhered to alongside India in their bilateral framework?
(a.) Indo-Pacific Oceans Initiative (IPOI)
(b.) NATO Security Pact
(c.) Quad Defense Accord
(d.) AUKUS Submarine Treaty
(26.) Which city serves as the capital of Vietnam?
(a.) Ho Chi Minh City
(b.) Hanoi
(c.) Da Nang
(d.) Haiphong
(27.) What is the core objective of the 'Mission Mausam' initiative launched by the Indian government?
(a.) To transform India into a weather-ready and climate-smart nation through advanced atmospheric sciences and radar networks
(b.) To control monsoons artificially across agricultural states
(c.) To eliminate all rainfall during harvest seasons
(d.) To construct artificial cloud reservoirs in deserts
(28.) What role do Vault Managers play in the trading cycle of Electronic Gold Receipts?
(a.) Issuing EGRs against physical gold deposits, managing safe custody, and facilitating withdrawal
(b.) Setting daily retail gold jewelry prices
(c.) Issuing bank loans against gold ornaments
(d.) Mining raw gold from state reserves
(29.) Which agency serves as the premier meteorological research body under the Ministry of Earth Sciences?
(a.) Indian Institute of Tropical Meteorology (IITM)
(b.) Geological Survey of India
(c.) Survey of India
(d.) National Remote Sensing Centre
(30.) How does cross-border UPI linkage benefit bilateral commerce between partner nations like India and Vietnam?
(a.) Enabling instant, secure, and cost-effective retail payments in local currencies without third-party currency conversion hurdles
(b.) Requiring physical paper currency exchanges at airports
(c.) Mandating all transactions to be settled in US Dollars
(d.) Banning digital wallets completely
(31.) What is the broader economic contribution of the unincorporated manufacturing and service sectors in India?
(a.) Generating large-scale grassroots employment and contributing significantly to national output and GVA
(b.) Contributing zero economic value
(c.) Manufacturing heavy intercontinental ballistic missiles
(d.) Managing central government fiscal budgets
(32.) Where is the headquarters of the United Nations Environment Programme (UNEP) located?
(a.) Geneva, Switzerland
(b.) Nairobi, Kenya
(c.) New York, USA
(d.) Vienna, Austria
(33.) Why are independent satellite tracking systems crucial for environmental compliance agreements?
(a.) They provide verifiable, transparent, and continuous data on greenhouse gas releases independent of self-reported corporate audits
(b.) They can disable polluting factories remotely
(c.) They replace ground-based legal tribunals
(d.) They predict future industrial profits
(34.) What is the significance of the 'Good Delivery Standard' for gold bullion?
(a.) Ensuring certified purity, weight, and bar dimensions acceptable to institutional global markets
(b.) Prohibiting gold imports into developing nations
(c.) Mandating gold to be mixed with silver alloys
(d.) Setting retail jewelry making charges
(35.) Which ministry oversees meteorological services, deep ocean missions, and earth observation research in India?
(a.) Ministry of Earth Sciences
(b.) Ministry of Science and Technology
(c.) Ministry of Environment, Forest and Climate Change
(d.) Ministry of Jal Shakti