Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 02nd & 03rd January 2025. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2025 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) Recently, Who chaired the Finance Ministry meeting urging public sector banks (PSBs) and insurance firms to expedite the resolution of public grievances?

(a) Nirmala Sitharaman

(b) M Nagaraju

(c) Tapan Deka

(d) Shaktikanta Das

(e) Pushpak Bhattacharyya

2) Which bank has authorized the issuance of long-term bonds worth up to ₹10,000 crore to fund affordable housing and infrastructure projects?

(a) YES bank

(b) IDBI bank

(c) HDFC bank

(d) ICICI bank

(e) Axis bank

3) In FY25, which bank wants to keep its net interest margin (NIM) at 3.4%, with a potential variance of ±10–15 basis points?

(a) Indian Bank

(b) Bank of India

(c) Indian Overseas Bank

(d) Bank of Baroda

(e) Punjab National Bank

4) When compared to June 2024, India's external debt increased by what percentage to $711.8 billion in September 2024. This is $29.6 billion more than the level at the end of June 2024?

(a) 4.1%

(b) 4.2%

(c) 4.3%

(d) 4.4%

(e) 4.5%

5) With a value of ₹23.25 trillion, UPI transactions reached a record high of how many billion in December?

(a) 16.73 billion

(b) 16.72 billion

(c) 16.71 billion

(d) 16.75 billion

(e) 16.78 billion

6) Recently, the Reserve Bank of India released guidelines for lenders regarding their involvement in the government's DRS program. In DRS, what does "R" stand for?

(a) Relief

(b) Reserve

(c) Recover

(d) Report

(e) Return

7) Which minister addressed caste-based discrimination in prisons by amending the Model Prison Manual, 2016 and the Model Prisons and Correctional Services Act, 2023?

(a) Minister of Labour

(b) Minister of Home Affairs

(c) Minister of Minority Affairs

(d) Minister of Tribal

(e) Minister of Housing

8) Which airline has started offering Wi-Fi internet connectivity on some of its fleet's domestic and international flights?

(a) Vistara

(b) AirIndia

(c) AirAaksa

(d) Indigo

(e) Spicejet

9) How many rupees per tonne of Di-Ammonium Phosphate (DAP) special subsidy has the Center extended for another year, from January 1, 2025, to December 31, 2025?

(a) Rs,1500

(b) Rs,2500

(c) Rs,3500

(d) Rs,4500

(e) Rs,5500

10) Recently, the Goods and Services Tax (GST) collection fell to ₹1.76 lakh crore in December 2024, a three-month low, but what percentage increase was there from ₹1.65 lakh crore in December 2023?

(a) 5%

(b) 9%

(c) 7%

(d) 4%

(e) 8%

11) The 2024 Major Dhyan Chand Khel Ratna Award winners have been revealed by the Indian government. Which athlete has been not included on the list?

(a) Manu Bhaker

(b) D Gukesh

(c) Harmanpreet Singh

(d) Kaamya Karthikeyan

(e) Praveen Kumar

12) As per the report, the three important fleet assets—Nilgiri, Surat, and Vagsheer—will be put into service by the Indian Navy. Which company has designed and built all three platforms from scratch?

(a) Goa Shipyard Company

(b) Hindustan limited

(c) Mazagon Dock Shipbuilders Limited

(d) Cochin Shipyard limited

(e) Garden Reach Shipbuilders limited

13) In order to modernize India's military and get them ready for new challenges, the Ministry of Defense has designated 2025 as the ______________.

(a) Year of Modern Technology

(b) Year of Reforms

(c) Path to Pride

(d) Unity in Diversity

(e) Year of Self-Reliant

14) Who has been named the Unique Identification Authority of India's (UIDAI) Chief Executive Officer (CEO)?

(a) Rajesh Kumar

(b) Suresh Kumar

(c) Bhuvnesh Kumar

(d) Arul Kumar

(e) Vinoth Kumar

15) Who assumed command of the Indian Air Force’s Western Air Command on 1st January 2025?

(a) Air Marshal Vivek Ram Chaudhari

(b) Air Marshal Jeetendra Mishra

(c) Air Marshal Raghunath Nambiar

(d) Air Marshal Sandeep Singh

(e) Air Marshal Harjit Singh Arora

16) The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has appointed industry expert Manish Singhal as its new Secretary General. Who did Manish Singhal succeed as the Secretary General of ASSOCHAM?

(a) Deepak Sood

(b) Vitul Kumar

(c) Rajnesh Singh

(d) Harish Venkat

(e) Suriya Kanth

17) Recently, Kaamya Karthikeyan, a 17-year-old student from Navy Children School in Mumbai, became the youngest female in the world to conquer the _________ summits.

(a) 5

(b) 6

(c) 7

(d) 8

(e) 4

18) Recently, K S Manilal, the renowned botanist who introduced 'Hortus Malabaricus' to the modern world, died. In what year was he awarded the Officer of the Order of Orange-Nassau by Queen Beatrix of the Netherlands?

(a) 2011

(b) 2012

(c) 2010

(d) 2013

(e) 2014

19) Recently, Hemanth Muddappa, hailed as the "Drag King" of Indian motorsport, made history by winning three titles. How many national titles did he win overall as a result of this accomplishment, making him the most decorated motorsport athlete in India?

(a) 12

(b) 10

(c) 14

(d) 15

(e) 20

20) Who achieved an outstanding achievement by winning a bronze medal in the World Blitz Championship in New York?

(a) R Vaishali

(b) Koneru Humpy

(c) Vantika Agrawal

(d) Divya Deshmukh

(e) Arjun Erigaisi

Answers :

1) Answer: B

Short Explanation:

The Finance Ministry urged public sector banks (PSBs) and insurance firms to speed up the resolution of public grievances.

The meeting was chaired by Financial Services Secretary M Nagaraju and included complainants, PSBs, public sector insurance companies (PSICs), and regulators.

Detailed Explanation:

The Finance Ministry urged public sector banks (PSBs) and insurance firms to speed up the resolution of public grievances.

The meeting was chaired by Financial Services Secretary M Nagaraju and included complainants, PSBs, public sector insurance companies (PSICs), and regulators.

Assessment of Grievance Quality: 20 randomly selected grievances were reviewed to assess the quality of their resolution.

Prime Minister's Direction: The Secretary reiterated the Prime Minister's instruction from the Pragati meeting (December 26), asking senior officers (Chairman/MD/ED of PSBs/PSICs) to review at least 20 cases every month for monitoring resolution quality.

Customer Satisfaction Focus: Customer satisfaction was emphasized as the core of grievance redressal mechanisms

2) Answer: B

Short Explanation:

IDBI Bank has approved the issuance of Long-Term Bonds to finance Infrastructure and Affordable Housing projects, raising up to ₹10,000 crore.

Detailed Explanation:

IDBI Bank has approved the issuance of Long-Term Bonds to finance Infrastructure and Affordable Housing projects, raising up to ₹10,000 crore.

The bond issuance will occur in tranches, with ₹5,000 crore expected to be raised by March 31, 2025, and the balance during FY 2025-26.

Purpose of Bonds: The funds raised through these bonds will be used for financing infrastructure and affordable housing projects.

3) Answer: A

Short Explanation:

Indian Bank aims to maintain a 3.4% net interest margin (NIM) in FY25, with a possible variation of ±10-15 basis points.

Detailed Explanation:

Indian Bank aims to maintain a 3.4% net interest margin (NIM) in FY25, with a possible variation of ±10-15 basis points.

Factors Supporting NIM Maintenance:Loans linked to external benchmarks will reprice immediately when interest rates decline, helping to manage interest income.

Around 55-60% of the bank's loans are linked to the Marginal Cost of Funds Based Lending Rate (MCLR), providing a hedge.

The bank has a strong investment portfolio with yields over 7%, which will support its margin.

4) Answer: C

Short Explanation:

India's external debt reached $711.8 billion in September 2024, a rise of 4.3% compared to June 2024. This represents an increase of $29.6 billion over the June-end 2024 level.

In September 2023, external debt was $637.1 billion, showing a significant year-on-year increase in 2024.

Detailed Explanation:

India's external debt reached $711.8 billion in September 2024, a rise of 4.3% compared to June 2024. This represents an increase of $29.6 billion over the June-end 2024 level.

In September 2023, external debt was $637.1 billion, showing a significant year-on-year increase in 2024.

The ratio stood at 19.4% in September 2024, up from 18.8% in June 2024.

Currency Composition of Debt: The major components of external debt were:

US Dollar-denominated debt: 53.4%

Indian Rupee: 31.2%

Japanese Yen: 6.6%

Special Drawing Rights (SDR): 5.0%

Euro: 3.0%

Sector-wise Debt: The external debt was shared among different sectors:

Loans: 33.7%

Currency and deposits: 23.1%

Trade credit and advances: 18.3%

Debt securities: 17.2%

5) Answer: A

Short Explanation:

According to the latest data by National Payments Corporation of India (NPCI), In December 2024, Unified Payment Interface (UPI) transactions reached an all-time high of 16.73 billion, surpassing the previous record of 16.58 billion in October 2024.

Detailed Explanation:

According to the latest data by National Payments Corporation of India (NPCI), In December 2024, Unified Payment Interface (UPI) transactions reached an all-time high of 16.73 billion, surpassing the previous record of 16.58 billion in October 2024.

Month-on-Month Increase: UPI transactions increased month-on-month, rising from 15.48 billion in November to 16.73 billion in December 2024.

Value of Transactions: The total value of UPI transactions in December 2024 was ₹23.25 trillion, showing a significant recovery from ₹21.55 trillion in November.

6) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) has issued guidelines for lenders participating in Government Debt Relief Schemes (DRS), focusing on the sacrifice of interest, principal, and loan account status.

Detailed Explanation:

The Reserve Bank of India (RBI) has issued guidelines for lenders participating in Government Debt Relief Schemes (DRS), focusing on the sacrifice of interest, principal, and loan account status.

These schemes target specific segments of borrowers, such as farmers.

Model Operating Procedure (MOP): RBI has shared a Model Operating Procedure (MOP) with State Governments, which includes steps for consultation with State Level Bankers' Committee (SLBC) and District Level Consultative Committee (DCC), and guidelines for the scheme’s design and funding.

Applicability of Guidelines: These guidelines apply to all Commercial Banks (including Regional Rural Banks and Local Area Banks), Primary (Urban) Co-operative Banks, State and Central Co-operative Banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies, and All-India Financial Institutions.

7) Answer: B

Short Explanation:

The Union Home Ministry has amended the Model Prison Manual, 2016, and the Model Prisons and Correctional Services Act, 2023, to address caste-based discrimination in prisons.

Supreme Court Ruling: The changes follow the October 3, 2024 order from the Supreme Court, which highlighted concerns about caste-based discrimination in prisons.

Detailed Explanation:

The Union Home Ministry has amended the Model Prison Manual, 2016, and the Model Prisons and Correctional Services Act, 2023, to address caste-based discrimination in prisons.

Supreme Court Ruling: The changes follow the October 3, 2024 order from the Supreme Court, which highlighted concerns about caste-based discrimination in prisons.

Changes in the Model Prisons and Correctional Services Act:

Prohibition of Caste-Based Discrimination: A new provision titled ‘Prohibition of caste-based discrimination in Prisons and Correctional Institutions’ has been added as Section 55(A).

Employment Conditions: The amendments emphasize that provisions of The Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013, will apply in prisons, effectively banning manual scavenging and hazardous cleaning within prison premises.

8) Answer: B

Short Explanation:

Tata group airline Air India has rolled out Wi-Fi internet connectivity services on board domestic and international flights operated by select aircraft in its fleet.

With the rollout of this service, Air India has become the first Indian airline to offer internet connectivity on domestic flights.

Detailed Explanation:

Tata group airline Air India has rolled out Wi-Fi internet connectivity services on board domestic and international flights operated by select aircraft in its fleet.

With the rollout of this service, Air India has become the first Indian airline to offer internet connectivity on domestic flights.

Wi-Fi on Domestic Flights: Air India becomes the first Indian airline to offer internet connectivity on domestic flights.

Introductory Offer: Free Wi-Fi service is available on select domestic flights for a limited period, with no specified end date.

Aircraft with Wi-Fi: Available on Air India’s Airbus A350, Boeing 787-9, and select Airbus A321neo aircraft.

Expansion Plans: The airline plans to gradually extend the Wi-Fi service to more aircraft in its fleet.

9) Answer: C

Short Explanation:

The Centre has extended the special subsidy of ₹3,500 per tonne on Di-Ammonium Phosphate (DAP) for another year, from January 1, 2025, to December 31, 2025.

Detailed Explanation:

The Centre has extended the special subsidy of ₹3,500 per tonne on Di-Ammonium Phosphate (DAP) for another year, from January 1, 2025, to December 31, 2025.

This move aims to prevent a rise in the farmgate price of DAP, the second most-consumed fertilizer in India, amid pressure from the depreciating rupee against the US dollar.

Maximum Retail Price (MRP) Control: Despite the decontrol of non-urea fertilizers on paper, the government has effectively frozen the MRP of DAP and other non-urea fertilizers, keeping them below the actual cost of importation.

The government caps DAP MRP at ₹1,350 per 50-kg bag, translating to ₹27,000 per tonne.

MRPs for Complex Fertilizers:

₹1,300 per bag for 20:20:0:13

₹1,470 per bag for 12:32:16:0 and 10:26:26:0

₹1,500-1,600 per bag for Muriate of Potash

10) Answer: C

Short Explanation:

Collection from Goods & Services Tax (GST) dipped to a 3-month low in December to ₹1.76 lakh crore.

However, this marks an increase of nearly 7 per cent from ₹1.65 lakh crore collected in the same month 2023.

Detailed Explanation:

Collection from Goods & Services Tax (GST) dipped to a 3-month low in December to ₹1.76 lakh crore.

However, this marks an increase of nearly 7 per cent from ₹1.65 lakh crore collected in the same month 2023.

Total GST Collection: ₹1.76 lakh crore in December 2024, a 3-month low, but a 7% increase from ₹1.65 lakh crore in December 2023.

Impact of Post-Festival Slump: December's collection reflects reduced consumption during the post-festival period, with a typical slowdown in goods consumption and services availed in November.

11) Answer: D

Short Explanation:

The Indian government has announced the recipients of the prestigious Major Dhyan Chand Khel Ratna Award for 2024, honouring athletes who have made exceptional contributions to sports in the country.

Detailed Explanation:

The Indian government has announced the recipients of the prestigious Major Dhyan Chand Khel Ratna Award for 2024, honouring athletes who have made exceptional contributions to sports in the country.

This esteemed award recognizes outstanding performances and achievements in various disciplines.

Manu Bhaker (Shooting):

Made history at the Paris 2024 Olympics by becoming the first Indian athlete post-Independence to win two medals in a single edition of the Games.

Harmanpreet Singh (Hockey):

As the captain of the Indian men’s hockey team, led them to a second consecutive Olympic bronze medal in Paris.

Praveen Kumar (Para Athletics):

Clinched gold at the Paris Paralympics in the men’s high jump T64 category, setting a new Asian record.

D Gukesh (Chess):

Emerged as a formidable force in the world of chess, achieving significant milestones and contributing to India’s rising stature in global chess.

12) Answer: C

Short Explanation:

On 15 January 2025 is set to become a landmark day in India’s history as the Indian Navy prepares to commission three frontline combatants - Nilgiri, the lead ship of the Project 17A stealth frigate class; Surat, the fourth and final ship of the Project 15B stealth destroyer class; and Vaghsheer, the sixth and final submarine of the Scorpene-class project - together at Naval Dockyard, Mumbai.

All three platforms have been designed and constructed entirely at Mazagon Dock Shipbuilders Limited (MDL), Mumbai, a testament to India’s growing self-reliance in the critical domain of defense production.

Detailed Explanation:

On 15 January 2025 is set to become a landmark day in India’s history as the Indian Navy prepares to commission three frontline combatants - Nilgiri, the lead ship of the Project 17A stealth frigate class; Surat, the fourth and final ship of the Project 15B stealth destroyer class; and Vaghsheer, the sixth and final submarine of the Scorpene-class project - together at Naval Dockyard, Mumbai.

All three platforms have been designed and constructed entirely at Mazagon Dock Shipbuilders Limited (MDL), Mumbai, a testament to India’s growing self-reliance in the critical domain of defense production.

Nilgiri, the lead ship of Project 17A, is a major advancement over the Shivalik-class frigates, incorporating significant stealth features and reduced radar signatures through state-of-the-art technology.

The Project 15B destroyer, Surat, is the culmination of the follow-on class to the Kolkata-class (Project 15A) destroyers, featuring substantial improvements in design and capabilities. .

Vaghsheer, the sixth Scorpene-class submarine under the Kalvari-class Project 75, is one of the most silent and versatile diesel-electric submarines in the world.

13) Answer: B

Short Explanation:

The Ministry of Defence has declared 2025 as the "Year of Reforms" to modernize India’s armed forces and prepare them for future challenges.

Reforms will enhance Jointness and Integration initiatives, aiming for the establishment of Integrated Theatre Commands.

Detailed Explanation:

The Ministry of Defence has declared 2025 as the "Year of Reforms" to modernize India’s armed forces and prepare them for future challenges.

Reforms will enhance Jointness and Integration initiatives, aiming for the establishment of Integrated Theatre Commands.

The reforms will prioritize new domains like Cyber and Space, as well as emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), Hypersonics, and Robotics.

The development of associated Tactics, Techniques, and Procedures (TTPs) will be essential to win future wars.

The overall aim is to build a more capable, technologically advanced, and integrated military force by 2025.

14) Answer: C

Short Explanation:

Shri Bhuvnesh Kumar has been appointed as the Chief Executive Officer (CEO) of the Unique Identification Authority of India (UIDAI).

Along with being the CEO of UIDAI, he serves as Additional Secretary in the Ministry of Electronics and Information Technology (MeitY), Government of India.

Detailed Explanation:

Shri Bhuvnesh Kumar has been appointed as the Chief Executive Officer (CEO) of the Unique Identification Authority of India (UIDAI).

Along with being the CEO of UIDAI, he serves as Additional Secretary in the Ministry of Electronics and Information Technology (MeitY), Government of India.

He is an Indian Administrative Service (IAS) officer from the 1995 batch, Uttar Pradesh cadre.

Graduate and gold medalist from the National Institute of Technology (NIT), Kurukshetra.

Earlier, he has also served as the Joint Secretary in MeitY.

15) Answer: B

Short Explanation:

Air Marshal Jeetendra Mishra assumed command of the Indian Air Force’s Western Air Command on 1st January 2025.

Air Marshal Jeetendra Mishra succeeds Air Marshal Pankaj Mohan Sinha who superannuated on 31 December 2024 after putting in more than 39 years of distinguished service in the IAF.

Air Marshal Mishra has more than 3000 hours of flying experience.

Detailed Explanation:

Air Marshal Jeetendra Mishra assumed command of the Indian Air Force’s Western Air Command on 1st January 2025.

Air Marshal Jeetendra Mishra succeeds Air Marshal Pankaj Mohan Sinha who superannuated on 31 December 2024 after putting in more than 39 years of distinguished service in the IAF.

The Air Marshal was commissioned into the Indian Air Force as a fighter pilot on 06 December 1986.

He is an alumnus of National Defence Academy Pune, Air Force Test Pilots School, Bangalore, Air Command and Staff College, USA and Royal College of Defence Studies, UK. A Fighter Combat Leader and an experimental Test Pilot, Air Marshal Mishra has more than 3000 hours of flying experience.

16) Answer: A

Short Explanation:

Associated Chambers of Commerce and Industry of India (ASSOCHAM) announced the appointment of industry expert Manish Singhal as its new Secretary General.

Singhal takes over from Deepak Sood, who successfully led the organization for the past five years and has now stepped down to pursue other opportunities.

Detailed Explanation:

Associated Chambers of Commerce and Industry of India (ASSOCHAM) announced the appointment of industry expert Manish Singhal as its new Secretary General.

Singhal takes over from Deepak Sood, who successfully led the organization for the past five years and has now stepped down to pursue other opportunities.

Singhal previously served as the Deputy Secretary General at the Federation of Indian Chambers of Commerce and Industry (FICCI) and has extensive experience working with global companies, including Tata Motors, Eicher (Volvo), Tata AutoComp Systems, Moser Baer India, and BEML, among others.

17) Answer: C

Short Explanation:

At just 17 years old, Kaamya Karthikeyan, a student from Navy Children School in Mumbai, achieved the remarkable feat of becoming the youngest female in the world to conquer the Seven Summits, a challenge involving scaling the highest peaks on all seven continents.

Detailed Explanation:

At just 17 years old, Kaamya Karthikeyan, a student from Navy Children School in Mumbai, achieved the remarkable feat of becoming the youngest female in the world to conquer the Seven Summits, a challenge involving scaling the highest peaks on all seven continents.

Details of the Seven Summits

Africa: Mount Kilimanjaro (Tanzania)

Europe: Mount Elbrus (Russia)

Australia: Mount Kosciuszko (Australia)

South America: Mount Aconcagua (Argentina)

North America: Mount Denali (USA)

Asia: Mount Everest (Nepal)

Antarctica: Mount Vinson (Antarctica)

Final Achievement:

Completed the challenge by summiting Mount Vinson on December 24, 2024, at 17:20 Chilean Standard Time.

18) Answer: B

Dr. K.S. Manilal, an esteemed botanist, passed away on January 1, 2025, at the age of 86 after battling illness.

Dr. Manilal is renowned for translating and annotating Hortus Malabaricus, a 17th-century botanical manuscript.

His work made this ancient document accessible to modern researchers and the public, reviving interest in Kerala’s medicinal plants.

Academic and Research Career:Former head of the Botany Department at Calicut University.

Awards and Recognitions:

Received the Padma Shri in 2020 for his contributions to botany.

Awarded the Vishwambhar Puri Medal (1990), Y.D. Tyagi Gold Medal (1998), and E.K. Janaki Ammal Taxonomy Award (2003).

International recognition: Received the Officer of the Order of Orange-Nassau from the Netherlands in 2012, awarded by Queen Beatrix.

19) Answer: D

Short Explanation:

Hemanth Muddappa, celebrated as the “Drag King” of Indian motorsport, etched his name in history by achieving a triple crown during the final round of the MMSC FMSCI Indian National Motorcycle Drag Racing Championship at the Madras International Circuit (MIC).

With this feat, he reached a total of 15 National titles, becoming India’s most decorated motorsport athlete.

Detailed Explanation:

Hemanth Muddappa, celebrated as the “Drag King” of Indian motorsport, etched his name in history by achieving a triple crown during the final round of the MMSC FMSCI Indian National Motorcycle Drag Racing Championship at the Madras International Circuit (MIC).

With this feat, he reached a total of 15 National titles, becoming India’s most decorated motorsport athlete.

Categories Won:

Unrestricted Class: Clocked a time of 7.837 seconds to secure first place.

851cc – 1050cc (Super Sport): Finished in 7.926 seconds.

361cc – 550cc (Super Sport Indian): Won with a superior reaction time despite tying in race timing with Mohammed Riyaz.

20) Answer: A

Short Explanation:

R Vaishali, a rising star in Indian chess, ended 2024 with an outstanding achievement by winning a bronze medal at the World Blitz Championship in New York.

Championship Results: In the men’s section, Magnus Carlsen and Ian Nepomniachtchi shared the title after both players drew three tie-break games.

Detailed Explanation:

R Vaishali, a rising star in Indian chess, ended 2024 with an outstanding achievement by winning a bronze medal at the World Blitz Championship in New York.

Championship Results: In the men’s section, Magnus Carlsen and Ian Nepomniachtchi shared the title after both players drew three tie-break games.

A Year of Milestones for Indian Chess

Koneru Humpy's Success: Earlier in the year, Koneru Humpy won the World Rapid Championship, continuing India's dominance in the chess world.

Indian Women in Chess: Vaishali’s achievement is part of a larger wave of success for Indian women in chess, with other notable players like Divya Deshmukh and Vantika Agrawal also making headlines in 2024.