15-MAY-2026 Current Affairs
(1.) India assumed the Chairmanship of the Common Criteria Development Board (CCDB) for which tenure period?
(a.) 2024–2026
(b.) 2025–2027
(c.) 2026–2028
(d.) 2027–2029
(2.) What is the principal mandate of the Common Criteria Development Board (CCDB)?
(a.) Managing global crude oil pricing benchmarks
(b.) Harmonizing and managing international IT security evaluation standards
(c.) Regulating international maritime container shipping routes
(d.) Auditing global carbon credit trading tokens
(3.) Which official body serves as India's national agency for Common Criteria evaluations and testing?
(a.) STQC Directorate
(b.) ISRO Quality Bureau
(c.) DRDO Certification Cell
(d.) BIS Standardisation Wing
(4.) According to the Ministry of MSME update in May 2026, what is the contribution of MSMEs to India's total GDP?
(a.) 15.4%
(b.) 22.8%
(c.) 31.1%
(d.) 45.2%
(5.) Approximately how many enterprises have been formalized through Udyam and Udyam Assist portals as of 2026?
(a.) 3.5 crore
(b.) 5.2 crore
(c.) 7.9 crore
(d.) 10.1 crore
(6.) What export share percentage does the MSME sector account for in India's overall external trade?
(a.) 25.40%
(b.) 38.10%
(c.) 48.58%
(d.) 62.30%
(7.) Which ministry launched the 'IP Catalyst Initiative' to boost intellectual property creation and patent filings?
(a.) Ministry of Electronics and Information Technology (MeitY)
(b.) Ministry of Commerce and Industry
(c.) Ministry of Science and Technology
(d.) Ministry of Corporate Affairs
(8.) What does the oceanographic term 'Kallakkadal' refer to along coastal India?
(a.) Sub-surface volcanic eruption tremors
(b.) Sudden, high-energy swell surges causing coastal flooding without local wind warnings
(c.) Massive tidal river bore currents
(d.) Deep-sea tsunami warning signals
(9.) Under which rules are post-consumer textile waste imports strictly monitored and regulated in India?
(a.) Hazardous and Other Wastes Rules, 2016
(b.) Environmental Protection Act Rules, 1986
(c.) Foreign Trade Import Control Policy, 2020
(d.) National Solid Waste Management Regulations, 2019
(10.) Approximately how much textile waste is processed annually within India's recycling ecosystem?
(a.) 3.2 million tonnes
(b.) 5.5 million tonnes
(c.) 7.8 million tonnes
(d.) 12.4 million tonnes
(11.) How many livelihoods are estimated to be supported directly and indirectly by the MSME ecosystem in India?
(a.) 12.5 crore
(b.) 21.4 crore
(c.) 32.8 crore
(d.) 45.0 crore
(12.) What portal is utilized by MSMEs to file and track delayed payment grievances online?
(a.) MSME SAMADHAAN Portal
(b.) Udyam Redressal Grid
(c.) MSME Facilitation Net
(d.) Vyaapar Sahyog Portal
(13.) Which organization acts as the official press release repository for central government policy announcements in India?
(a.) Press Information Bureau (PIB)
(b.) Press Trust of India
(c.) National Informatics Centre
(d.) Doordarshan News
(14.) What percentage share do imported post-consumer textile wastes constitute relative to India's total handling volume?
(a.) Only 7%
(b.) Nearly 25%
(c.) Around 40%
(d.) Over 55%
(15.) What is the primary function of the TReDS platform within the MSME financing structure?
(a.) Facilitating trade receivables discounting and financing for small businesses
(b.) Providing direct equity venture capital grants
(c.) Managing foreign currency export earnings
(d.) Insuring agricultural warehouse storage bins
(16.) Which institute or centre monitors ocean swell surges like Kallakkadal along Indian shores?
(a.) INCOIS (Indian National Centre for Ocean Information Services)
(b.) ISRO Space Application Centre
(c.) National Institute of Oceanography
(d.) IMD Meteorological Forecasting Wing
(17.) What is the manufacturing output percentage contributed by the MSME sector to India's national industrial output?
(a.) 18.2%
(b.) 24.5%
(c.) 35.4%
(d.) 48.9%
(18.) Why are pre-consumer manufacturing textile wastes efficiently recycled in India?
(a.) They are cleaner, homogeneous, and integrated smoothly back into spinning and industrial recovery cycles
(b.) They are dumped directly into municipal landfills
(c.) They are exported abroad without processing
(d.) They are burned to generate thermal electricity exclusively
(19.) What scheme offers collateral-free credit guarantees to eligible micro and small enterprises in India?
(a.) CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises)
(b.) PMEGP Subsidy Grid
(c.) PM Vishwakarma Scheme
(d.) Interest Subvention Loan Scheme
(20.) Where is the headquarters of the Ministry of MSME located?
(a.) Mumbai
(b.) New Delhi
(c.) Kolkata
(d.) Bengaluru
(21.) How does international Common Criteria certification benefit Indian software and cybersecurity product exporters?
(a.) Acceptance of security certificates across member nations without repetitive re-certification testing
(b.) Exemption from all corporate income taxes
(c.) Mandatory government procurement quotas globally
(d.) Free international patent protection grants
(22.) Which season is typically most prone to Kallakkadal swell surge occurrences along the Indian coastline?
(a.) Pre-monsoon season
(b.) Deep winter months
(c.) Peak southwest monsoon downpours
(d.) Northeast retreating monsoon
(23.) Who holds the portfolio of the Union Ministry of Electronics and Information Technology (MeitY) as of May 2026?
(a.) Shri Ashwini Vaishnaw
(b.) Shri Rajeev Chandrasekhar
(c.) Shri Piyush Goyal
(d.) Shri Jyotiraditya Scindia
(24.) What is the objective of the 'IP Catalyst Initiative' introduced by MeitY?
(a.) Accelerating intellectual property creation, patent filing assistance, and deep-tech commercialization
(b.) Subsidizing laptop manufacturing imports
(c.) Providing free internet data to rural colleges
(d.) Regulating social media content algorithms
(25.) How many Certificate Authorizing Nations constitute the Common Criteria Recognition Arrangement (CCRA) framework roughly?
(a.) 10 nations
(b.) 20 nations
(c.) 35 nations
(d.) 50 nations
(26.) Which sector is recognized as the second-largest employer in India after agriculture?
(a.) Information Technology
(b.) Textiles and MSME manufacturing
(c.) Automobile assembly
(d.) Civil construction
(27.) What is the significance of graduation support for enterprises outgrowing their initial MSME classification?
(a.) Continuing non-tax benefits for 3 years to remove expansion disincentives and encourage formal scaling
(b.) Imposing an immediate penalty tax on growth
(c.) Revoking all government registrations instantly
(d.) Transferring ownership to public sector undertakings
(28.) Which regional ocean body generates the distant storms responsible for Kallakkadal swells hitting India?
(a.) Southern Indian Ocean
(b.) North Atlantic Ocean
(c.) Arctic Polar Circle
(d.) South China Sea
(29.) Which Indian city houses the headquarters of INCOIS (Indian National Centre for Ocean Information Services)?
(a.) Chennai
(b.) Hyderabad
(c.) Kochi
(d.) Visakhapatnam
(30.) Why does India's leadership of the CCDB strengthen its strategic autonomy and digital sovereignty?
(a.) Enabling the nation to shape global security testing methodologies rather than merely adopting external standards
(b.) Permitting India to block all foreign software imports
(c.) Eliminating the need for domestic software coding
(d.) Providing absolute control over international submarine internet cables
(31.) What coverage does the PM Vishwakarma scheme provide within the grassroots economy framework?
(a.) Support and skill formalization covering 18 traditional artisan and craft trades
(b.) Direct cash transfers for large corporate industrialists
(c.) Subsidized tractor purchases for large landholders
(d.) Free international air travel for students
(32.) Which union ministry oversees the regulation and promotion of the textile recycling industry in India?
(a.) Ministry of Textiles
(b.) Ministry of Environment and Forests
(c.) Ministry of Commerce and Industry
(d.) Ministry of Consumer Affairs
(33.) How do swell surges differ from wind-generated local sea waves?
(a.) Swell surges travel thousands of miles across oceans from distant storm centers, carrying high energy independent of local winds
(b.) Swell surges occur only in inland freshwater lakes
(c.) Swell surges are completely invisible on ocean radar scanners
(d.) Swell surges reduce coastal water levels instead of flooding
(34.) What specific provision does MSME SAMADHAAN offer to registered enterprises?
(a.) Online filing and tracking of delayed payment cases to ensure speedy adjudication by MSEFCs
(b.) Automated tax exemption certificates
(c.) Free factory land allotment in industrial zones
(d.) Mandatory export credit insurance waivers
(35.) What is the primary objective of establishing the National Technical Textiles Mission launched in 2020?
(a.) Promoting technical textiles R&D, market development, and specialised recycling ecosystems in India
(b.) Banning all traditional handloom weaving
(c.) Importing synthetic fibres exclusively from abroad
(d.) Constructing concrete multi-story textile malls
(36.) Why are retail and wholesale traders included under the Udyam registration framework since July 2021?
(a.) To allow local commerce businesses to access Priority Sector Lending and institutional financial benefits
(b.) To levy higher commercial municipal property taxes
(c.) To restrict their business operating hours
(d.) To mandate government ownership stakes
(37.) Which administrative body handles dispute adjudication regarding delayed payments to micro and small enterprises across states?
(a.) Micro and Small Enterprise Facilitation Councils (MSEFCs)
(b.) National Company Law Tribunal (NCLT)
(c.) Supreme Court Arbitration Commission
(d.) District Consumer Dispute Redressal Forums
(38.) Which country serves as the permanent home to the Common Criteria Portal repository?
(a.) Global international consortium hosting arrangement
(b.) United States federal archive center exclusively
(c.) Switzerland banking server grid
(d.) Geneva WHO data server
(39.) What broader socio-economic impact does the MSME ecosystem have on marginalized sections?
(a.) Promoting entrepreneurship among women, SC/ST, and artisans, thereby democratizing economic opportunities and curbing migration
(b.) Forcing artisans to migrate to megacities permanently
(c.) Restricting micro-enterprises to rural agricultural zones only
(d.) Abolishing traditional handicraft manufacturing
(40.) Which organization acts as the authoritative publisher of ocean state forecasts and tsunami advisories in India?
(a.) INCOIS
(b.) ISRO
(c.) IMD Meteorological Wing
(d.) National Hydrographic Office