Current Affairs Weekly Round-up: August 7 Quiz

Question 1

Consider the following statements regarding India's digital economy and digital public services:
1. India's digital economy currently contributes approximately 12-14% of its GDP.
2. UMANG has more registered users than DigiLocker.
3. The Indian Culture Portal (ICP) Version 2.0 supports 22 Indian languages.

Accepted Answer

1 and 3 only

Answer

1, 2 and 3

Answer

2 and 3 only

Answer

1 and 2 only

Question 2

Which of the following statements accurately describes a recent development in the field of Artificial Intelligence (AI) for defense or technology?

Accepted Answer

OpenAI rolled out GPT-5.5 with a native 'System 2' architecture for agentic reasoning.

Answer

The U.S. Army is developing a 'Next Generation C-sUAS Missile' to defeat Group 1 sUAS threats.

Answer

The X-62 VISTA completed its AI-controlled intercepts of a T-38 Talon under the HAVE HOPE program.

Answer

The EU AI Act established mandatory transparency rules for high-risk AI systems only, not chatbots.

Question 3

What is a significant implication of the University of Hong Kong's development of corrosion-resistant super steel (SS-H2)?

Accepted Answer

It reduces green hydrogen production material costs by 40 times by withstanding seawater corrosion.

Answer

It provides a new material for high-temperature superconductors.

Answer

It enables the construction of lighter and stronger aerospace components.

Answer

It will primarily enhance the durability of deep-sea exploration vessels.

Question 4

Which of the following statements regarding international defense exercises and agreements is correct?

Accepted Answer

Over 40 nations signed the Geneva AI Accord, establishing unified global safety and risk compliance standards for frontier AI models.

Answer

Exercise Pahlawan Warrior 26 is a trilateral exercise involving the U.S., Brunei, and Malaysia.

Answer

Russia and Kyrgyzstan's Center-2026 exercise involves approximately 100 military personnel.

Answer

AUKUS Pillar II capabilities were tested during Exercise RIMPAC 26 off the coast of Australia.

Question 5

How has India's electronics sector demonstrated significant growth and impact on its economy?

Accepted Answer

Electronics exports grew 11-fold, making electronic goods India's third-largest export category.

Answer

Electronics production decreased, but exports grew due to government subsidies.

Answer

Electronics production increased to ₹1.9 lakh crore, but exports remained stagnant.

Answer

The sector's growth is primarily due to increased domestic consumption, with minimal export impact.

Question 6

Which of the following statements regarding central banks' monetary policy decisions in August 2026 is correct?

Accepted Answer

The Reserve Bank of India (RBI) maintained a 'neutral' policy stance by keeping the repo rate unchanged.

Answer

The State Bank of Pakistan (SBP) decreased its policy rate to stimulate economic growth.

Answer

All three central banks (RBI, RBA, SBP) uniformly increased their policy rates.

Answer

The Reserve Bank of Australia (RBA) increased its cash rate target due to high inflation.

Question 7

What is the primary objective behind DARPA's Next Generation Hypersonic Cruise Missile (NGHCM) effort?

Accepted Answer

To design, build, and flight-test a demonstrator that delivers a 'revolutionary leap in operational performance'.

Answer

To create a missile solely for defensive anti-ballistic purposes.

Answer

To reduce the cost of existing hypersonic missile technology.

Answer

To develop a demonstrator missile for commercial space travel.

Question 8

Which of the following represents a significant advancement in quantum computing or quantum technology in August 2026?

Accepted Answer

Princeton University physicists achieved qubit coherence times exceeding 1 millisecond in superconducting qubits.

Answer

Researchers generated quantum-entangled photons from moonlight for satellite quantum cryptography.

Answer

IBM demonstrated the first examples of 'quantum advantage' using its quantum computer.

Answer

Quantum computers became commercially available for general public use.

Question 9

What does the expansion of the FinTech Innovation Lab (CIFIL) by IIT Madras and CAMS primarily aim to address?

Accepted Answer

To focus on emerging areas like AI in financial services, digital payments, blockchain, and cybersecurity.

Answer

To develop new banking regulations for the Indian financial sector.

Answer

To provide financial literacy training to rural populations.

Answer

To create a global platform for FinTech startups to secure funding.

Question 10

What was the key outcome of Project Convergence Capstone 6 in July 2026 concerning the U.S. Army's command and control systems?

Accepted Answer

The Next Generation Command and Control (NGC2) system was declared 'ready to scale'.

Answer

The U.S. Army decided to discontinue the development of AI-fusion command systems.

Answer

The project focused on integrating commercial off-the-shelf software into existing systems.

Answer

A new procurement process for traditional command and control systems was initiated.

Current Affairs Weekly Round-up: August 7 Quiz

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