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CA Foundation June 2026 Exam: Last-Minute Current Affairs Guide with MCQs

Published: 15 May 2026·7 min read·By CA Saarthi

CA Foundation exam current affairsJune 2026 exam preparationRBI regulations 2026GST updates CA FoundationSEBI guidelines exam

<h2>CA Foundation June 2026 Exam: Current Affairs You Must Know</h2>

<p>With just weeks left before your CA Foundation exam, current affairs questions can make a significant difference to your score. The ICAI exam tests your awareness of economic policies, regulatory frameworks, and recent business developments. Let's break down what you <strong>must study right now</strong>.</p>

<h3>1. India's Digital Payment Revolution & RBI Regulations</h3>

<p>The Reserve Bank of India (RBI) has been continuously updating digital payment guidelines. In 2026, focus on:</p>

<ul>

<li><strong>Unified Payments Interface (UPI) 3.0</strong> – New features and security measures</li>

<li><strong>RBI's Monetary Policy (April 2026)</strong> – Interest rates and inflation control measures</li>

<li><strong>CBDC (Central Bank Digital Currency)</strong> – e-Rupee implementation progress</li>

<li><strong>Payment System Operators (PSO) guidelines</strong> – Recently updated compliance requirements</li>

</ul>

<p><strong>Why it matters for CA Foundation:</strong> These topics connect directly to the <strong>"Indian Financial System" and "Regulatory Framework"</strong> chapters. RBI operates under the <strong>Reserve Bank of India Act, 1934</strong>, which is core syllabus material.</p>

<h3>2. Goods and Services Tax (GST) Updates</h3>

<p>GST remains a high-frequency exam topic. Recent developments (May 2026) include:</p>

<ul>

<li>New GST rate changes on essential commodities</li>

<li>Enhanced e-invoice requirements for businesses exceeding ₹5 crore turnover</li>

<li>RCM (Reverse Charge Mechanism) applicability clarifications</li>

<li>GST Council decisions on compliance deadlines</li>

</ul>

<p><strong>What to remember:</strong> GST is levied under the <strong>Constitution (101st Amendment) Act, 2016</strong>. Know the basic rates: 5%, 12%, 18%, and 28%. These appear in <strong>every CA Foundation batch exam</strong>.</p>

<h3>3. Stock Market & SEBI Regulations</h3>

<p>Key areas to revise:</p>

<ul>

<li><strong>Sensex & Nifty 50 recent performance</strong> – Can appear in general awareness questions</li>

<li><strong>SEBI's new listing guidelines</strong> (2026) – SME platforms and startup board requirements</li>

<li><strong>Insider Trading Regulation, 2015</strong> – Prohibition and penalties (Section 12A of SEBI Act)</li>

<li><strong>Mutual Fund regulations</strong> – New fund categorization and disclosure norms</li>

</ul>

<p>The SEBI Act, 1992 grants powers to regulate and develop the securities market. This is frequently tested in <strong>"Economic and Commercial Laws"</strong> paper.</p>

<h3>4. Corporate Governance & Company Law Updates</h3>

<p>Recent amendments to watch:</p>

<ul>

<li><strong>Companies Act, 2013</strong> – New rules on Independent Director qualification and accountability</li>

<li><strong>Whistleblower Policy</strong> – Section 177 of Companies Act (mandatory for listed companies)</li>

<li><strong>Board composition requirements</strong> – Gender diversity and skill matrix mandates</li>

<li><strong>Related Party Transactions</strong> – Section 188 compliance and disclosure</li>

</ul>

<p><strong>Action point:</strong> Revise Sections 177, 188, and 149 of the Companies Act, 2013. These are <strong>high-probability MCQ sources</strong>.</p>

<h3>5. Inflation, Banking Sector & Economic Data</h3>

<p>Current economic indicators (as of May 2026):</p>

<ul>

<li>India's GDP growth projections for FY2026-27</li>

<li>RBI's Consumer Price Index (CPI) targets and recent inflation rates</li>

<li>Banking Regulation Act, 1949 – Recent amendments affecting bank operations</li>

<li>Credit rating agencies' recent downgrades or upgrades of Indian entities</li>

</ul>

<h3>6. Trade & International Business Policies</h3>

<p>Know about:</p>

<ul>

<li>India's recent trade agreements (BIMSTEC, RCEP implementation impacts)</li>

<li>Foreign Direct Investment (FDI) policy changes</li>

<li>Import-Export Code procedures and recent government circulars</li>

</ul>

<h2>Your Study Strategy for This Month</h2>

<ol>

<li><strong>Day 1-2:</strong> Read the last 3 months of business news (Economic Times, RBI press releases)</li>

<li><strong>Day 3-5:</strong> Match current affairs with specific CA Foundation chapters</li>

<li><strong>Day 6-7:</strong> Practice converting news into MCQ format (do this yourself!)</li>

<li><strong>Weekly:</strong> Revise regulatory section numbers and act names</li>

</ol>

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</div>

<h2>Practice MCQs Based on Recent Current Affairs</h2>

<h3>Question 1:</h3>

<p><strong>The RBI's digital rupee (e-Rupee) is being issued under which Act?</strong></p>

<ul>

<li>A) Indian Contract Act, 1872</li>

<li>B) Reserve Bank of India Act, 1934</li>

<li>C) Payment and Settlement Systems Act, 2007</li>

</ul>

<p><strong>Correct Answer:</strong> D | <strong>Explanation:</strong> CBDC authority comes from both RBI Act (Section 45W) and the Payment and Settlement Systems Act, which are core regulatory frameworks you must know.</p>

<h3>Question 2:</h3>

<p><strong>For GST compliance, the e-invoice requirement applies to businesses with annual turnover exceeding ____.</strong></p>

<ul>

<li>A) ₹1 crore</li>

<li>B) ₹5 crore</li>

<li>C) ₹10 crore</li>

<li>D) No threshold limit</li>

</ul>

<p><strong>Correct Answer:</strong> B | <strong>Explanation:</strong> This is the current threshold set by GST Council (May 2026). Smaller businesses may face penalty for non-compliance. Related to <strong>GST Rules, 2017</strong>.</p>

<h3>Question 3:</h3>

<p><strong>Which section of the Companies Act, 2013 mandates Independent Directors on company boards?</strong></p>

<ul>

<li>A) Section 149</li>

<li>B) Section 177</li>

<li>C) Section 188</li>

<li>D) Section 206</li>

</ul>

<p><strong>Correct Answer:</strong> A | <strong>Explanation:</strong> Section 149 defines the composition of the Board of Directors. Section 177 covers board committees, Section 188 covers related party transactions. Know all three!</p>

<h2>Final Tips</h2>

<ul>

<li>Current affairs questions are typically 5-8 marks in the exam</li>

<li>Link every news item back to an Act, Section, or economic concept from your syllabus</li>

<li>Focus on <strong>RBI decisions, GST updates, and SEBI guidelines</strong> – these repeat most frequently</li>

<li>Create flashcards with dates, section numbers, and policy names</li>

<li>Don't just read news; ask yourself: <strong>"Which CA Foundation chapter does this belong to?"</strong></li>

</ul>

<p>You've already done the hard work of studying your textbooks. Now, spend just 30 minutes daily on current affairs, connect it to your chapters, and you'll ace this section. <strong>Good luck with your CA Foundation exam!</strong></p>