Q1.
What was the primary purpose of 'Project Freedom', which was halted by US President Donald Trump on 06 May 2026?
- To provide humanitarian aid in the Middle East.
- To escort ships through the Strait of Hormuz.
- To conduct joint military exercises with Pakistan.
- To negotiate a new peace deal with Iran.
Show answer
Answer: B. To escort ships through the Strait of Hormuz.
The content states, 'The initiative was designed to escort ships through the Strait of Hormuz.'
Q2.
As of 06 May 2026, what is the new Fair and Remunerative Price (FRP) for sugarcane per quintal approved by the Union Cabinet for the 2026-27 season?
- ₹355
- ₹365
- ₹375
- ₹385
Show answer
Answer: B. ₹365
The Union Cabinet raised the FRP for sugarcane by ₹10 per quintal, making the new FRP ₹365 per quintal for the 2026-27 season.
Q3.
Under the fifth edition of the Emergency Credit Line Guarantee Scheme (ECLGS 5.0), approved on 06 May 2026, what is the maximum loan amount airline companies can avail?
- ₹100 crore
- ₹500 crore
- ₹1500 crore
- ₹2250 crore
Show answer
Answer: C. ₹1500 crore
The content states, 'Airline companies can avail loans up to ₹1500 crore' under ECLGS 5.0.
Q4.
On 06 May 2026, the Indian rupee hit a record low, breaching which mark against the US dollar, primarily due to firm oil prices?
- 85
- 90
- 95
- 100
Show answer
Answer: C. 95
The content mentions, 'It breached the 95 mark against the US dollar.'
Q5.
On 06 May 2026, the Tamil Nadu Congress Committee (TNCC) offered conditional support to Vijay's party, TVK. What was the primary condition for this support?
- TVK must form an alliance with DMK.
- TVK should not seek support from the BJP winner or its alliance partners.
- TVK must contest all seats independently.
- TVK should merge with the Congress party.
Show answer
Answer: B. TVK should not seek support from the BJP winner or its alliance partners.
The condition was 'that TVK should not seek the support of the lone BJP winner in the state or any of BJP's alliance partners.'
Q6.
On 06 May 2026, which Indian state's Chief Minister is facing corruption charges, leading to a Supreme Court order for a CBI probe?
- Assam
- Manipur
- Arunachal Pradesh
- Nagaland
Show answer
Answer: C. Arunachal Pradesh
The news states, 'Arunachal Pradesh Chief Minister Pema Khandu is facing corruption charges.'
Q7.
The halting of 'Project Freedom' by the US President on 06 May 2026 was related to escorting ships through which strategically important waterway?
- Suez Canal
- Strait of Malacca
- Strait of Hormuz
- Bab-el-Mandeb Strait
Show answer
Answer: C. Strait of Hormuz
The initiative was designed to escort ships through the Strait of Hormuz.
Q8.
What is the maximum limit for collateral-free loans that Micro, Small, and Medium Enterprises (MSMEs) can avail under the Emergency Credit Line Guarantee Scheme (ECLGS 5.0), as approved on 06 May 2026?
- ₹50 crore
- ₹100 crore
- ₹150 crore
- ₹200 crore
Show answer
Answer: B. ₹100 crore
Under ECLGS 5.0, 'MSMEs can avail collateral-free loans up to ₹100 crore.'
Q9.
According to the current affairs on 06 May 2026, what trend is observed regarding the National Democratic Alliance (NDA) and opposition parties in India?
- NDA's influence is shrinking in big states, while opposition is growing.
- NDA has tightened its grip on big states, and opposition influence has shrunk.
- Both NDA and opposition are maintaining their existing influence.
- Opposition parties are forming new alliances to counter NDA's growth.
Show answer
Answer: B. NDA has tightened its grip on big states, and opposition influence has shrunk.
The content states, 'The National Democratic Alliance (NDA) has tightened its grip on big states. The influence of opposition parties has shrunk.'
Q10.
On 06 May 2026, the Cabinet Committee on Economic Affairs (CCEA) approved a Ship Repair Center in which location?
- Mumbai, Maharashtra
- Kochi, Kerala
- Vadinar, Gujarat
- Visakhapatnam, Andhra Pradesh
Show answer
Answer: C. Vadinar, Gujarat
The content mentions, 'Cabinet Approves Ship Repair Center in Vadinar, Gujarat.'
