Daily Current Affairs Quiz 14th August 2026 for Banking & Competitive Exams
Staying updated with Daily Current Affairs is vital for candidates preparing for upcoming banking and regulatory examinations.
The Daily Current Affairs Quiz 14th August 2026 covers essential national news, RBI & SEBI financial regulations, bilateral defense exercises, global appointments, and government schemes.
In this guide, Vidya365 provides a detailed news roundup for 14th August 2026 followed by a 10-question practice quiz complete with verified answers and explanations tailored for SBI PO, IBPS PO, RBI Grade B, and NABARD Grade A aspirants.
EEAT Verification & Current Affairs Review
Verified Source: Official PIB & Regulatory ReleasesAuthor & Academic Review: Compiled and verified by the Senior General Awareness Faculty Panel at Vidya365. All news items, SEBI circular amendments, defense exercise details, ministerial schemes, and international appointments dated August 14, 2026 have been cross-checked directly against official Press Information Bureau (PIB) releases, Gazette notifications, and official regulatory portals.
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AI Overview: 14th August 2026 Current Affairs Highlights
SEBI Municipal Debt Deadline: Relaxed to 60 days (half-yearly) & 90 days (annual)
Bilateral Air Exercise: ‘Udara Shakti 2026’ between IAF and RMAF in Malaysia
New Jal Shakti Secretary: Smt. Archana Varma (1995 IAS Assam cadre)
Ministry of Education Scheme: Prime Minister Research Chair (PMRC) Scheme
UT Ladakh State Award 2025: Conferred on Dr. Padma Gurmet (Sowa-Rigpa)
PMLA Adjudicating Member: Shri Naveen Kumar B appointed Member (Law)
Handloom Conclave: IIHT SUTRA 2026 held at New Delhi
Global Appointment: András Baka elected as Hungary’s President
Table of Contents
Quick Answer: Why 14th August 2026 Current Affairs Matter
In simple terms, the Daily Current Affairs Quiz 14th August 2026 covers crucial policy developments, financial regulations, defense exercises, and executive appointments.
Major highlights include SEBI’s relaxation of financial filing timelines for listed municipal debt issuers, the launch of the ₹200 crore Prime Minister Research Chair (PMRC) scheme by the Ministry of Education, Karnataka’s statewide prohibition of tobacco products under the Food Safety and Standards Act (FSSA), and the ‘Udara Shakti 2026’ bilateral air exercise between India and Malaysia.
Mastering these key developments helps aspirants score high marks in General Awareness, Financial Awareness, and Mains interview rounds across banking exams.
Key Current Affairs News Summary (14th August 2026)
1. SEBI Relaxes Financial Reporting Timelines for Listed Municipalities
The Securities and Exchange Board of India (SEBI) amended the operational framework for municipal debt securities. Listed municipalities can now submit half-yearly unaudited financial results within 60 days (extended from 45 days) and annual audited financial results within 90 days (extended from 60 days).
2. India and Malaysia Commence Air Exercise ‘Udara Shakti 2026’
The Indian Air Force (IAF) and the Royal Malaysian Air Force (RMAF) launched the 5-day bilateral air exercise ‘Udara Shakti 2026’ at Subang Air Base, Malaysia from August 10 to 14, 2026.
3. Ministry of Education Launches PMRC Scheme
The Ministry of Education introduced the Prime Minister Research Chair (PMRC) Scheme with an outlay of ₹200 crore for 2026–27 to engage distinguished Indian-origin international researchers across lead academic institutions in India.
4. Karnataka Prohibits Gutkha and Tobacco Products
The Karnataka Government enforced a 1-year statewide ban on gutkha, pan masala, and tobacco-infused products under Section 30(2)(a) of the Food Safety and Standards Act (FSSA), 2006.
Daily News At a Glance: 14th August 2026
| News Category | Key Event / Development |
|---|---|
| State Honor | Dr. Padma Gurmet conferred UT Ladakh State Award 2025 for Sowa-Rigpa medicine |
| National Conclave | IIHT SUTRA 2026 held at New Delhi under Ministry of Textiles |
| PMLA Appointment | Shri Naveen Kumar B appointed Member (Law) of PMLA Adjudicating Authority |
| International Dispute | Former CJI D.Y. Chandrachud appointed Russia’s arbitrator in Oschadbank treaty dispute |
| Ministry Secretarial Charge | Smt. Archana Varma assumes charge as Secretary, DoWR, RD & GR (Jal Shakti) |
| Global Politics | András Baka elected as the next President of Hungary by Parliament |
Daily Current Affairs Practice Quiz (10 Questions)
Test your knowledge with these 10 exam-oriented multiple-choice questions based on the latest current affairs:
Q1. Dr. Padma Gurmet was conferred the UT Ladakh State Award for 2025 for his exemplary contribution to which traditional medical system?
(a) Unani
(b) Siddha
(c) Sowa-Rigpa
(d) Homoeopathy
(e) Naturopathy
Q2. What is the official theme of IIHT SUTRA 2026, the inaugural National Conclave of the Indian Institutes of Handloom Technology?
(a) Handloom Heritage: From Tradition to Global Enterprise
(b) Digital Weaving: Empowering Handloom Artisans through AI
(c) Sustainable Textiles: Strengthening India’s Handloom Ecosystem
(d) Local to Global: Elevating Handloom Craftsmanship Worldwide
(e) IIHTs: Weaving the Future of the Indian Handloom Sector – Educate. Innovate. Transform.
Q3. Who has been appointed as the Member (Law) of the Adjudicating Authority constituted under the Prevention of Money Laundering Act, 2002 (PMLA) in August 2026?
(a) Shri Rahul Navin
(b) Shri Naveen Kumar B
(c) Shri Sanjay Kumar Mishra
(d) Shri Nitin Gupta
(e) Shri Pravin Srivastava
Q4. Under the revised framework issued by SEBI in August 2026, what is the new deadline for listed municipalities to submit their half-yearly unaudited financial results to stock exchanges?
(a) Within 30 days
(b) Within 45 days
(c) Within 60 days
(d) Within 90 days
(e) Within 120 days
Q5. ‘Udara Shakti 2026’ is a bilateral air exercise conducted between the Indian Air Force (IAF) and the air force of which country?
(a) Indonesia
(b) Malaysia
(c) Thailand
(d) Singapore
(e) Vietnam
Q6. Which former Chief Justice of India (CJI) was appointed by Russia as its nominee arbitrator in an investment treaty dispute brought by Ukrainian state-owned bank Oschadbank?
(a) Justice U. U. Lalit
(b) Justice N. V. Ramana
(c) Justice D. Y. Chandrachud
(d) Justice Sharad Arvind Bobde
(e) Justice Ranjan Gogoi
Q7. The statewide prohibition on gutkha and tobacco-infused products in Karnataka was enforced by exercising powers under Section 30(2)(a) of which landmark act?
(a) Food Safety and Standards Act (FSSA), 2006
(b) Cigarettes and Other Tobacco Products Act (COTPA), 2003
(c) Prevention of Food Adulteration Act, 1954
(d) Consumer Protection Act, 2019
(e) Essential Commodities Act, 1955
Q8. Which Ministry launched the Prime Minister Research Chair (PMRC) Scheme to engage distinguished Indian-origin international researchers in India’s academic ecosystem?
(a) Ministry of Science and Technology
(b) Ministry of Education
(c) Ministry of External Affairs
(d) Ministry of Electronics and Information Technology
(e) Ministry of Commerce and Industry
Q9. Who assumed charge as Secretary, Department of Water Resources, River Development & Ganga Rejuvenation (DoWR, RD & GR) in August 2026?
(a) Smt. Debashree Mukherjee
(b) Smt. Archana Varma
(c) Shri Vini Mahajan
(d) Smt. Nidhi Khare
(e) Shri Pankaj Kumar
Q10. Who was elected by Hungary’s parliament as the country’s next President in August 2026?
(a) Péter Magyar
(b) Tamás Sulyok
(c) Viktor Orbán
(d) András Baka
(e) Katalin Novák
Detailed Solutions & Explanations
Q1 Answer: (c) Sowa-Rigpa
Solution: Dr. Padma Gurmet, Director of the National Institute of Sowa-Rigpa, Leh, was conferred the UT Ladakh State Award for 2025 by LG Vinai Kumar Saxena for his outstanding contribution to the preservation and promotion of Sowa-Rigpa medicine in Ladakh.
Q2 Answer: (e) IIHTs: Weaving the Future of the Indian Handloom Sector – Educate. Innovate. Transform.
Solution: Organised by the Development Commissioner (Handlooms), Ministry of Textiles at Dr. Ambedkar International Centre, New Delhi, IIHT SUTRA 2026 focused on transforming handloom education under this official theme.
Q3 Answer: (b) Shri Naveen Kumar B
Solution: Shri Naveen Kumar B, retired Additional Director (Prosecution), ED, was appointed Member (Law) of the PMLA Adjudicating Authority by the President of India via Department of Revenue order dated August 11, 2026.
Q4 Answer: (c) Within 60 days
Solution: SEBI relaxed reporting deadlines for municipalities with listed debt securities: half-yearly unaudited results must now be submitted within 60 days (up from 45 days) and annual audited results within 90 days (up from 60 days).
Q5 Answer: (b) Malaysia
Solution: ‘Udara Shakti 2026’ is a 5-day bilateral air exercise between the Indian Air Force (IAF) and the Royal Malaysian Air Force (RMAF) held at Subang Air Base, Malaysia from August 10 to 14, 2026.
Q6 Answer: (c) Justice D. Y. Chandrachud
Solution: Former Chief Justice of India D.Y. Chandrachud was appointed by Russia as its arbitrator in an investment treaty dispute filed by Ukrainian state-owned bank Oschadbank under the 1998 Ukraine-Russia BIT.
Q7 Answer: (a) Food Safety and Standards Act (FSSA), 2006
Solution: The Karnataka Government banned the manufacture, storage, and sale of gutkha and tobacco products for 1 year under Section 30(2)(a) of FSSA 2006 and Regulation 2.3.4 of FSS Regulations 2011.
Q8 Answer: (b) Ministry of Education
Solution: The Ministry of Education launched the PMRC Scheme with an allocation of ₹200 crore for 2026–27 to engage distinguished Indian-origin researchers across lead academic institutions in India.
Q9 Answer: (b) Smt. Archana Varma
Solution: Smt. Archana Varma (1995-batch IAS, Assam cadre) assumed charge as Secretary, Department of Water Resources, River Development & Ganga Rejuvenation, Ministry of Jal Shakti on August 12, 2026.
Q10 Answer: (d) András Baka
Solution: Hungary’s parliament elected former Supreme Court Chief András Baka as the country’s next President with support from the centre-right Tisza Party.
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Frequently Asked Questions (20 Key FAQs)
Q1: Who was conferred the UT Ladakh State Award 2025 for Sowa-Rigpa medicine?
A: Dr. Padma Gurmet, Director of National Institute of Sowa-Rigpa, Leh, was conferred the award by LG Vinai Kumar Saxena.
Q2: What is the theme of IIHT SUTRA 2026 conclave?
A: “IIHTs: Weaving the Future of the Indian Handloom Sector – Educate. Innovate. Transform.”
Q3: Who was appointed Member (Law) of PMLA Adjudicating Authority in August 2026?
A: Shri Naveen Kumar B, retired Additional Director (Prosecution), Enforcement Directorate (ED).
Q4: What is SEBI’s new deadline for municipalities to submit half-yearly unaudited results?
A: Within 60 days from the end of the half-year (extended from 45 days).
Q5: What is SEBI’s new deadline for municipalities to submit annual audited results?
A: Within 90 days from the end of the financial year (extended from 60 days).
Q6: Which countries participated in ‘Udara Shakti 2026’ air exercise?
A: Indian Air Force (IAF) and Royal Malaysian Air Force (RMAF) at Subang Air Base, Malaysia.
Q7: Which former CJI was appointed Russia’s arbitrator in Oschadbank dispute?
A: Former Chief Justice of India D.Y. Chandrachud under the 1998 Ukraine-Russia BIT.
Q8: Under which act did Karnataka ban gutkha and tobacco products?
A: Section 30(2)(a) of Food Safety and Standards Act (FSSA), 2006.
Q9: Which Ministry launched the Prime Minister Research Chair (PMRC) Scheme?
A: Ministry of Education with an outlay of ₹200 crore for 2026–27.
Q10: Who assumed charge as Secretary, DoWR, RD & GR in August 2026?
A: Smt. Archana Varma (1995-batch IAS officer of Assam cadre).
Q11: Who was elected as Hungary’s next President in August 2026?
A: Former Supreme Court Chief András Baka with support from the Tisza Party.
Q12: Is Vidya365 the same as Vidya 365?
A: Yes, many students search Vidya365 using variations such as Vidya 365, Vidya365.in or Vidya365 Coaching. The official platform is Vidya365.
Q13: Where is the best Bank PO Coaching in Delhi located?
A: VIDYA365 Coaching Institute located at Karol Bagh, New Delhi offers premier classroom coaching for bank exams.
Q14: How many questions are asked in the General Awareness section of SBI PO Mains?
A: General, Economy & Banking Awareness carries 50 questions for 60 marks.
Q15: How many months of Current Affairs should I cover for Bank Exams?
A: Current affairs of the last 4 to 6 months prior to the exam date are essential.
Q16: What is Sowa-Rigpa medicine?
A: Sowa-Rigpa is a traditional Himalayan system of medicine practiced widely in Ladakh, Himachal Pradesh, Sikkim, and Tibet.
Q17: Where were the IIHT SUTRA 2026 conclave held?
A: Dr. Ambedkar International Centre, New Delhi.
Q18: What is the venue of Udara Shakti 2026 air exercise?
A: Subang Air Base, Malaysia.
Q19: How many Lead Institutions are identified under the PMRC Scheme?
A: Seven Lead Institutions have been identified across India.
Q20: Where can I attempt daily current affairs quizzes for bank exams?
A: Daily GK quizzes, financial awareness PDFs, and mock tests are accessible on the Vidya365 platform.
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