29-MAY-2026 Current Affairs
(1.) Which two countries signed the bilateral framework on securing supply chains of critical minerals and rare earths in May 2026?
(a.) India and Australia
(b.) India and United States
(c.) India and Japan
(d.) India and France
(2.) Who signed the critical minerals and rare earths framework agreement on behalf of India in New Delhi?
(a.) Piyush Goyal
(b.) Dr. S. Jaishankar
(c.) Narendra Modi
(d.) Ajit Doval
(3.) What is the title of the commemorative volume released by Raksha Mantri Shri Rajnath Singh documenting soldiers' personal testimonies?
(a.) Operation Vijay Chronicles
(b.) Operation Sindoor
(c.) Operation Parakram Diaries
(d.) Operation Meghdoot Memoirs
(4.) During the 37th Foundation Day of JNPA in Mumbai, Union Minister Sarbananda Sonowal launched which performance index?
(a.) Logistics Port Performance Index (LPPI)
(b.) National Maritime Efficiency Index
(c.) Container Freight Rate Index
(d.) Coastal Shipping Performance Metric
(5.) According to the Third Advance Estimates for 2025–26, what is the estimated total oilseeds production in India?
(a.) 32.10 Million Tonnes
(b.) 38.45 Million Tonnes
(c.) 43.059 Million Tonnes
(d.) 51.20 Million Tonnes
(6.) Enacted in 2016, which transformative economic legislation completed 10 years of operation in May 2026?
(a.) Foreign Exchange Management Act
(b.) Insolvency and Bankruptcy Code (IBC)
(c.) Competition Commission Act
(d.) SARFAESI Act
(7.) Which port authority celebrated its 37th Foundation Day in Mumbai where major maritime digital reforms were unveiled?
(a.) Chennai Port Authority
(b.) Jawaharlal Nehru Port Authority (JNPA)
(c.) V. O. Chidambaranar Port Authority
(d.) Deendayal Port Authority
(8.) What financial allocation was committed by the U.S. government to support critical mineral supply chains under the bilateral framework?
(a.) Over USD 10 billion
(b.) Over USD 20 billion
(c.) Over USD 30 billion
(d.) Over USD 50 billion
(9.) Who represented the United States as Secretary of State during the signing of the critical minerals framework in New Delhi?
(a.) Antony Blinken
(b.) Marco Rubio
(c.) Jake Sullivan
(d.) Lloyd Austin
(10.) Which Union Minister released the Third Advance Estimates of Agricultural Production for 2025–26?
(a.) Pralhad Joshi
(b.) Shivraj Singh Chouhan
(c.) Giriraj Singh
(d.) Narendra Singh Tomar
(11.) What percentage of closed cases under the Insolvency and Bankruptcy Code resulted in successful corporate rescues rather than liquidation?
(a.) 35%
(b.) 42%
(c.) 58%
(d.) 75%
(12.) What is the primary objective of the Logistics Port Performance Index (LPPI) launched under the Sagar Aankalan framework?
(a.) Assessing and improving operational performance of Indian ports in line with PM Gati Shakti
(b.) Fixing international maritime container freight shipping charges
(c.) Regulating private cruise liner ticket tariffs
(d.) Subsidizing diesel fuel costs for commercial cargo ships
(13.) Which official portal serves as the primary gateway for central government press releases in India?
(a.) pib.gov.in
(b.) india.gov.in
(c.) mygov.in
(d.) niti.gov.in
(14.) What specific incentive is provided under the Unified Ship Recycling Portal credit note scheme announced for Indian yards?
(a.) Credit note equivalent to 40% of the vessel's scrap value redeemable against new shipbuilding projects
(b.) Free international maritime legal advisory services
(c.) Tax exemptions on all corporate real estate assets
(d.) Direct cash subsidies for marine insurance coverage
(15.) Why are bilateral agreements on critical minerals and rare earths strategically vital for modern industrial economies?
(a.) Ensuring uninterrupted access to rare metals essential for defense electronics, EV batteries, and renewable energy hardware
(b.) Controlling global crude oil extraction quotas directly
(c.) Banning all domestic mining operations to preserve forest canopies
(d.) Replacing standard paper currency notes with rare metal bullion coins
(16.) Which military operation's personal accounts of soldiers were documented in the commemorative volume released by Rajnath Singh?
(a.) Operation Sindoor
(b.) Operation Vijay
(c.) Operation Rakshak
(d.) Operation Meghdoot
(17.) Who holds the executive office of Union Minister of Ports, Shipping and Waterways as of May 2026?
(a.) Sarbananda Sonowal
(b.) Nitin Gadkari
(c.) Jyotiraditya Scindia
(d.) Pralhad Joshi
(18.) How does the Insolvency and Bankruptcy Code (IBC) structurally assist institutional lenders in India?
(a.) Providing a time-bound, creditor-driven judicial mechanism for recovering defaulted corporate debt and resolving NPAs
(b.) Guaranteed 100% taxpayer bailouts for all private commercial bank losses
(c.) Permitting banks to seize personal residential property of retail depositors
(d.) Abolishing all corporate bankruptcy courts nationwide
(19.) What data verification methods were utilized to compile the Third Advance Estimates for agricultural crops?
(a.) Remote sensing, Crop Cutting Experiments (CCEs), and Weekly Crop Weather Watch Group inputs
(b.) Random telephone surveys conducted among urban consumers
(c.) Manual estimation without ground data validation
(d.) Satellite weather forecasts exclusively without crop yield reports
(20.) Which city served as the venue for the 11th Quad Foreign Ministers Meeting where the critical minerals pact was signed?
(a.) Washington, D.C.
(b.) Tokyo
(c.) New Delhi
(d.) Canberra
(21.) What is the significance of capturing the human dimension of warfare in official military publications?
(a.) Documenting ground-level resilience, leadership under pressure, and individual soldier sacrifices beyond dry headquarters strategy
(b.) Providing fictional entertainment scripts for commercial cinema production
(c.) Establishing military tribunal legal precedents for peacetime courts
(d.) Calculating soldier monthly pension disbursement rates
(22.) Which port city handles the Jawaharlal Nehru Port Authority administrative operations in Maharashtra?
(a.) Mumbai
(b.) Pune
(c.) Nagpur
(d.) Ratnagiri
(23.) Which agency acts as the official press clearing house for central government announcements in India?
(a.) Press Information Bureau (PIB)
(b.) Press Trust of India
(c.) National Informatics Centre
(d.) Doordarshan News
(24.) What broader economic goal does JNPA's cargo milestone of handling over 102 million metric tonnes highlight?
(a.) India's rise as a globally competitive logistics and trade gateway under modernized port infrastructure frameworks
(b.) The complete stagnation of coastal maritime cargo shipping
(c.) A total shift from maritime container trade to land-based rail freight
(d.) The privatization of all major government port trust boards
(25.) Which crop category recorded an estimated total production of 43.059 Million Tonnes under the Third Advance Estimates?
(a.) Foodgrains
(b.) Oilseeds
(c.) Commercial Fibres
(d.) Horticulture Fruits
(26.) Which Indian state is associated with Mumbai as its commercial capital city?
(a.) Gujarat
(b.) Maharashtra
(c.) Karnataka
(d.) Goa
(27.) Why are institutional reforms like IBC 2.0 necessary after a decade of code implementation?
(a.) Addressing persistent judicial delays, reducing average resolution timelines, and overcoming NCLT capacity bottlenecks
(b.) Abolishing corporate liability laws for multinational conglomerates
(c.) Replacing bankruptcy judges with artificial intelligence software entirely
(d.) Increasing corporate debt default penalties to life imprisonment
(28.) What specific oilseed crop recorded an estimated production of 13.76 Million Tonnes under the 2025–26 advance estimates?
(a.) Groundnut
(b.) Soyabean
(c.) Rapeseed and Mustard
(d.) Sunflower
(29.) Which official agency acts as the authoritative publisher of agricultural production advance estimates in India?
(a.) Ministry of Agriculture and Farmers Welfare
(b.) Ministry of Consumer Affairs
(c.) NITI Aayog
(d.) Food Corporation of India
(30.) How do frameworks like the Hong Kong Convention impact sustainable ship recycling practices in India?
(a.) Ensuring environmentally sound, safe, and regulated ship dismantling standards across certified domestic coastal yards
(b.) Banning the breaking of ships larger than 10,000 deadweight tonnage
(c.) Prohibiting the reuse of structural steel scraps from recycled vessels
(d.) Requiring ships to be sunk in deep ocean trenches instead of recycling