Current Affairs MCQs 07 May 2026
Add as a preferred Source on GoogleCurrent Affairs MCQs for 07 May 2026 are provided here with detailed answers and explanations. These questions are designed to help students prepare for APPSC and other competitive exams. Practice these daily current affairs quizzes to strengthen your exam preparation.
Q1. The UDGAM portal, recently in the news, was launched by which institution?
A. Ministry of Finance
B. Reserve Bank of India
C. Securities and Exchange Board of India
D. National Payments Corporation of India
Show Answer
Answer: B. Reserve Bank of India
Explanation: The UDGAM (Unclaimed Deposits – Gateway to Access InforMation) portal was launched by the Reserve Bank of India to help depositors and legal heirs trace unclaimed deposits in banks.
Q2. In the context of unclaimed bank deposits, what does UDGAM stand for?
A. Unified Deposits Gateway for Account Management
B. Unclaimed Deposits – Gateway to Access InforMation
C. Universal Depositor Grievance and Monitoring System
D. Unified Digital Gateway for Asset Management
Show Answer
Answer: B. Unclaimed Deposits – Gateway to Access InforMation
Explanation: UDGAM is a centralized RBI portal that helps depositors and legal heirs trace unclaimed deposits and dormant bank accounts.
Q3. During the 2026 state visit of the President of Vietnam to India, the two countries agreed to achieve a bilateral trade target of:
A. USD 15 billion by 2030
B. USD 20 billion by 2030
C. USD 25 billion by 2030
D. USD 30 billion by 2030
Show Answer
Answer: C. USD 25 billion by 2030
Explanation: India and Vietnam announced a new bilateral trade target of USD 25 billion by 2030 during the 2026 state visit.
Q4. Which of the following is NOT one of the seven big cats covered under the International Big Cat Alliance (IBCA)?
A. Jaguar
B. Puma
C. Lynx
D. Snow Leopard
Show Answer
Answer: C. Lynx
Explanation: The International Big Cat Alliance covers seven species—Lion, Tiger, Leopard, Snow Leopard, Cheetah, Jaguar and Puma. Lynx is not included.
Q5. Who has been appointed as the Chairperson of the Central Board of Film Certification (CBFC) in May 2026?
A. Prasoon Joshi
B. Shashi Shekhar Vempati
C. Ashwini Vaishnaw
D. Navneet Kumar Sehgal
Show Answer
Answer: B. Shashi Shekhar Vempati
Explanation: The Government of India appointed Shashi Shekhar Vempati as Chairperson of the Central Board of Film Certification (CBFC) on 6 May 2026 for a term of three years.
In this set of Current Affairs MCQs 07 May 2026, we have compiled questions from the most reliable and exam-focused sources. The content is carefully prepared from trusted newspapers and official government releases. At Readingroomz Current Affairs, we ensure that every important update is simplified, explained, and transformed into exam-ready questions and notes. This approach saves aspirants valuable time while ensuring they never miss any crucial topic for the APPSC Exams.
