Daily Current Affairs 02-June-2026 – MCQs, News & Analysis for UPSC, SSC & Banking Exams
1. The Reserve Bank of India (RBI) recently issued new guidelines for the pilot phase expansion of which digital financial instrument, aiming to bolster India’s digital economy?
A) Interoperable Payment Systems (IPS)
B) Central Bank Digital Currency (CBDC) – e-Rupee
C) Non-Banking Financial Company (NBFC) Regulations
D) Unified Payments Interface (UPI) Lite Extension
Correct answer: B) Central Bank Digital Currency (CBDC) – e-Rupee
Notes: In a significant move, the RBI announced the expansion of its Central Bank Digital Currency (CBDC) pilot project, termed the e-Rupee, with new operational guidelines on 01-June-2026. This initiative aims to increase the accessibility and usability of the digital rupee for both retail and wholesale transactions across India. Furthermore, this expansion signifies India’s commitment to modernizing its financial infrastructure and reducing reliance on physical cash. The background involves the global push towards digital currencies and their potential to enhance payment efficiency and financial inclusion. For UPSC current affairs, understanding the design, implications, and regulatory framework of the e-Rupee is crucial, highlighting its economic impact and technological advancement within India’s financial system. This development is a key part of today current affairs analysis.
2. Which nation recently reaffirmed its commitment to the ‘One Sun One World One Grid’ (OSOWOG) initiative at the International Solar Alliance (ISA) ministerial meeting, pledging significant investment?
A) United States
B) China
C) Germany
D) India
Correct answer: D) India
Notes: India, a co-founder of the International Solar Alliance (ISA), strongly reiterated its commitment to the ‘One Sun One World One Grid’ (OSOWOG) initiative at the recent ISA ministerial meeting on 01-June-2026. This initiative proposes a transnational electricity grid supplying solar power across nations, aiming to harness continuous solar energy globally. The background to OSOWOG lies in India’s vision for sustainable energy access and combating climate change through international cooperation. Furthermore, this policy significance is paramount for global energy security and transitions. For UPSC current affairs and exam preparation, the OSOWOG initiative represents a critical development in international relations, renewable energy strategy, and India’s leadership in environmental diplomacy, offering significant insights for the latest news analysis.
3. The Ministry of Environment, Forest and Climate Change launched a new ‘National Green Cover Index’ on 01-June-2026, primarily to monitor which environmental aspect?
A) Urban air pollution levels
B) Forest and tree cover changes across India
C) Wetland degradation status
D) Glacier retreat rates in the Himalayas
Correct answer: B) Forest and tree cover changes across India
Notes: On 01-June-2026, the Ministry of Environment, Forest and Climate Change unveiled the ‘National Green Cover Index’, a pioneering government initiative designed to meticulously track and assess changes in India’s forest and tree cover. This comprehensive index will utilize advanced satellite imagery and ground surveys to provide accurate data, facilitating informed policymaking for conservation and afforestation efforts. The background to this development stems from India’s national commitments to increase green cover and achieve carbon neutrality targets. Consequently, this initiative holds immense national significance for environmental sustainability and biodiversity protection. For UPSC current affairs and GK quiz preparation, understanding such environmental governance tools and their implications for ecological balance is vital for the current affairs 2026 syllabus.
4. The Union Cabinet approved the ‘National Quantum Mission (NQM)’ on 01-June-2026, earmarking significant funds for which domain of advanced technology?
A) Biotechnology and gene editing
B) Quantum computing, communication, and sensing
C) Advanced robotics and automation
D) Space tourism and commercial ventures
Correct answer: B) Quantum computing, communication, and sensing
Notes: The Union Cabinet recently gave its nod to the ‘National Quantum Mission (NQM)’ on 01-June-2026, allocating substantial resources towards developing indigenous capabilities in quantum technologies. This ambitious government initiative specifically targets advancements in quantum computing, quantum communication, quantum sensing, and metrology. The background involves the critical global race for quantum supremacy, which promises revolutionary changes across various sectors. Furthermore, this mission aims to position India as a leading nation in emerging tech. For UPSC current affairs and exam preparation, the NQM’s focus on foundational and applied research, along with its potential geopolitical and economic impact, makes it a crucial topic for understanding science & technology developments and national policy significance in today current affairs.
5. India recently participated in a key multilateral exercise focused on maritime security and HADR operations in the Indo-Pacific region, reaffirming its strategic commitment. What was the name of this exercise?
A) Varuna 2026
B) Malabar 2026
C) Rim of the Pacific (RIMPAC) 2026
D) Milan 2026
Correct answer: C) Rim of the Pacific (RIMPAC) 2026
Notes: India actively participated in the biennial Rim of the Pacific (RIMPAC) 2026 exercise, a premier multilateral naval drill in the Indo-Pacific, which concluded on 01-June-2026. This exercise involved navies from numerous countries, focusing on enhancing interoperability, maritime security operations, and humanitarian assistance/disaster relief (HADR) capabilities. The background underscores India’s growing strategic presence and cooperation with like-minded nations in maintaining a free and open Indo-Pacific. Furthermore, India’s participation highlights its commitment to regional stability and defence cooperation. For UPSC current affairs, understanding such defence & security collaborations and their geopolitical implications is crucial for international relations analysis and exam preparation, making it a significant part of the daily current affairs discussion.
