Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 02nd July 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) According to the RBI’s Financial Stability Report, how is India’s financial system currently described?

(a) Fragile and undercapitalized

(b) Over-leveraged and unstable

(c) Resilient and well-capitalised

(d) Declining in performance

(e) Dependent on foreign investment

2) Which system, developed by NPCI in collaboration with UIDAI, has been approved by SEBI for use by registered market intermediaries to perform digital KYC?

(a) DigiLocker Access Platform

(b) e-KYC Connect Suite

(c) Aadhaar Vault Service

(d) e-KYC Setu System

(e) Customer Identity Gateway

3) Which of the following is not a type of life insurance product included in the AU SFB–LIC partnership?

(a) Term insurance

(b) Endowment plans

(c) Whole life policies

(d) Vehicle insurance plans

(e) Child-specific plans

4) Consider the following statements regarding India’s Small Savings Schemes as of July 1, 2025:

1. Interest rates for small savings schemes, including PPF and Sukanya Samriddhi Scheme, remain unchanged for the 5th straight quarter.
2. The current interest rate on the Public Provident Fund (PPF) is 7.1%, and for the Sukanya Samriddhi Scheme, it is 8.2%.
3. The Kisan Vikas Patra offers a 7.5% interest rate and matures in 115 months.
4. The National Savings Certificate (NSC) currently offers an 8.1% return.

Which of the above statements are correct?

(a) 2 and 3 only

(b) 1and 3 only

(c) 2and 4 only

(d) 3 and 4only

(e) All of the above

5) As per the Index of Industrial Production (IIP) data released in June 2025, what was India’s industrial growth rate in May 2025?

(a) 3.5%

(b) 0.1%

(c) 2.8%

(d) 1.2%

(e) 5.1%

6) How many Scheduled Commercial Banks (SCBs) were included in the RBI’s macro stress tests?

(a) 50

(b) 23

(c) 17

(d) 46

(e) 35

7) From which date will Meta’s new policy for securities and investment ads in India take effect?

(a) June 26, 2025

(b) July 1, 2025

(c) July 15, 2025

(d) July 28, 2025

(e) July 31, 2025

8) How much has the AIIB invested in Non-Convertible Debentures (NCDs) issued by Aditya Birla Capital Limited?

(a) ₹1,000 crore

(b) ₹1,150 crore

(c) ₹1,301.25 crore

(d) ₹1,500 crore

(e) ₹2,000 crore

9) According to RBI’s stress tests, what is the projected Gross Non-Performing Asset (GNPA)ratio for NBFCs under the severe stress scenario?

(a) 3.3%

(b) 4.5%

(c) 2.9%

(d) 5.8%

(e) 6.5%

10) What is the total amount that States and UTs are expected to borrow from markets during the July–September 2025 quarter?

(a) ₹1.82 lakh crore

(b) ₹3.50 lakh crore

(c) ₹2.00 lakh crore

(d) ₹4.12 lakh crore

(e) ₹2.86 lakh crore

11) Which bank has been appointed as the Settlement Bank for the Foreign Currency Settlement System (FCSS) of CCIL IFSC Ltd?

(a) Standard Chartered Bank

(b) HDFC Bank

(c) HSBC Bank

(d) Citi Bank

(e) State Bank of India

12) What is the newly proposed IT system capacity requirement by SEBI for commodity exchanges and clearing corporations?

(a) Equal to the projected peak load

(b) 1.5 times the peak load

(c) Twice the projected peak load

(d) Three times the peak load

(e) Four times the projected peak load

13) Recently, the ASEAN–India Cruise Dialogue was Inaugurated in Chennai to Strengthen Maritime Tourism. How many ASEAN countries, including Timor-Leste, participated in the dialogue?

(a) 11

(b) 13

(c) 15

(d) 12

(e) 10

14) Where was India’s first all-wooden Gurdwara, Sri Nanak Niwas, recently inaugurated?

(a) Amritsar, Punjab

(b) Patiala, Punjab

(c) Fazilka, Punjab

(d) Ludhiana, Punjab

(e) Bathinda, Punjab

15) What is the name of the internationally recognized site featured in the festival for dark sky observation?

(a) Nubra Valley Viewing Point

(b) Tso Moriri Night Zone

(c) Hanle Dark Sky Reserve

(d) Pangong Astro Belt

(e) Kargil Observatory Site

16) According to the 2024 UN IGME report, by what percentage has India reduced its under-five mortality rate?

(a) 61%

(b) 70%

(c) 78%

(d) 54%

(e) 67%

17) Ahead of his 90th birthday, the Dalai Lama will address a major three-day gathering of Buddhist leaders. When was the last such conference held?

(a) 2017

(b) 2018

(c) 2019

(d) 2020

(e) 2021

18) Where is the new Maintenance, Repair, and Overhaul (MRO) and upgrade facility by Reliance Defence and Coastal Mechanics Inc. being set up?

(a) Bengaluru, Karnataka

(b) Pune, Maharashtra

(c) MIHAN, Nagpur, Maharashtra

(d) Hyderabad, Telangana

(e) Ahmedabad, Gujarat

19) What is the name of the decommissioned warship to be transformed into India’s first underwater museum?

(a) INS Guldar

(b) INS Kirpan

(c) INS Vikrant

(d) INS Arihant

(e) INS Talwar

20) How many official languages are recognized under the Ladakh Official Languages Regulation, 2025?

(a) Three

(b) Four

(c) Five

(d) Six

(e) Seven

Answers :

1) Answer: C

Short Explanation:

Despite global uncertainties, India’s financial system remains resilient and well-capitalised, as per the Reserve Bank of India’s (RBI) Financial Stability Report (FSR).

Detailed Explanation:

Despite global uncertainties, India’s financial system remains resilient and well-capitalised, as per the Reserve Bank of India’s (RBI) Financial Stability Report (FSR).

Scheduled Commercial Banks (SCBs) have improved asset quality, with gross non-performing assets (GNPA) near multi-decade lows.

Stress tests indicate that banks’ capital adequacy ratios (CRAR) will remain comfortably above minimum regulatory requirements even under severe adverse scenarios.

RBI Governor Sanjay Malhotra highlighted the strength of banking and non-banking sectors, with healthy balance sheets supporting economic stability.

Structural challenges include trade fragmentation, rapid technological disruption, climate change, and geopolitical tensions, making economic forecasts difficult and policy interventions challenging.

2) Answer: D

The Securities and Exchange Board of India (SEBI) has approved registered market intermediaries to use the NPCI’s ‘e-KYC Setu System’ for performing digital KYC.

Previously, intermediaries used only the Aadhaar-based e-KYC services of the Unique Identification Authority of India (UIDAI) in the securities market.

The approval aims to facilitate ease of doing business and simplify the customer onboarding process.

The ‘e-KYC Setu System’ is developed by NPCI in collaboration with UIDAI to enable digitization of customer onboarding.

This system provides an alternate mechanism for Aadhaar-based e-KYC authentication.

The e-KYC Setu allows identity verification by reporting entities (REs) regulated by the Reserve Bank of India (RBI) without disclosing the individual’s Aadhaar number.

It helps reduce operational complexities and the burden of managing Aadhaar data for regulated entities.

3) Answer: D

Short Explanation:

AU Small Finance Bank (AU SFB) has entered into a partnership with the Life Insurance Corporation of India (LIC), the country’s largest life insurer.

The collaboration supports the national goal of ‘Insurance for All by 2047’ by enhancing insurance penetration in rural and semi-urban areas.

AU SFB will distribute LIC’s comprehensive range of life insurance products, including:Term insurance, Endowment plans, Whole life policies, Pension and annuity offerings, Child-specific plans.

Detailed Explanation:

AU Small Finance Bank (AU SFB) has entered into a partnership with the Life Insurance Corporation of India (LIC), the country’s largest life insurer.

The collaboration supports the national goal of ‘Insurance for All by 2047’ by enhancing insurance penetration in rural and semi-urban areas.

AU SFB will distribute LIC’s comprehensive range of life insurance products, including:Term insurance, Endowment plans, Whole life policies, Pension and annuity offerings, Child-specific plans.

These products will be available across more than 2,456 AU SFB banking outlets in 21 states and 4 Union Territories, expanding LIC’s reach to underserved segments of India.

The partnership is a milestone for AU SFB in becoming a full-spectrum financial services provider, integrating banking, protection, and long-term financial planning on one platform.

For LIC, this tie-up provides access to a credible, customer-centric banking partner to broaden its reach.

4) Answer: A

Interest rates on small savings schemes, including Public Provident Fund (PPF) and Sukanya Samriddhi Scheme (SSS), will remain unchanged for the 7th consecutive quarter starting July 1, 2025.

Currently, there are 12 small savings schemes, including savings accounts, many offering tax benefits. These include:

National Savings Certificates (NSC)

Public Provident Fund (PPF)

Sukanya Samriddhi Scheme (SSS)

Senior Citizen Savings Scheme (SCSS)

Interest rates on these schemes are reviewed quarterly, but most have stayed steady since July-September 2024, with minor adjustments in some.

Retail bank deposits in India usually have a short average tenor (1.5 to 3 years), contrasting with government-backed schemes which have longer lock-in periods:

PPF: 15 years

Sukanya Samriddhi: up to 21 years

Senior Citizen Savings Scheme: 5 years

Interest rates for specific schemes effective July 1, 2025:

Sukanya Samriddhi Scheme: 8.2%

3-year term deposit: 7.1%

Public Provident Fund (PPF): 7.1%

Post Office Savings Deposit: 4%

Kisan Vikas Patra (KVP): 7.5%, matures in 115 months

National Savings Certificate (NSC): 7.7% (for April-June 2025 period)

Monthly Income Scheme (MIS): 7.4%

5) Answer: D

Short Explanation:

India’s industrial growth fell to a 9-month low of 1.2% in May 2025, as per the Index of Industrial Production (IIP) released by the Ministry of Statistics and Programme Implementation on June 30.

Detailed Explanation:

India’s industrial growth fell to a 9-month low of 1.2% in May 2025, as per the Index of Industrial Production (IIP) released by the Ministry of Statistics and Programme Implementation on June 30.

This is the lowest IIP growth since August 2024, when growth was just 0.1%.

Sector-Wise Performance:

Manufacturing sector growth slowed sharply to 2.6% in May 2025 from:

5.1% in May 2024

3.1% in April 2025

The mining sector contracted by 0.15% in both May and April 2025, compared to 6.6% growth in May 2024.

Electricity sector contracted by 5.8% in May 2025 vs:

13.7% growth in May 2024

1.75% growth in April 2025

6) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) conducted macro stress tests on 46 Scheduled Commercial Banks (SCBs), representing 98% of total SCB assets (excluding Regional Rural Banks), to assess resilience to macroeconomic shocks.

Detailed Explanation:

The Reserve Bank of India (RBI) conducted macro stress tests on 46 Scheduled Commercial Banks (SCBs), representing 98% of total SCB assets (excluding Regional Rural Banks), to assess resilience to macroeconomic shocks.

The tests included three scenarios over a two-year horizon:

Baseline scenario

Adverse Scenario 1 (Geopolitical Risk)

Adverse Scenario 2 (Global Growth Slowdown)

Capital Adequacy:TheCapital to Risk-Weighted Assets Ratio (CRAR) may:

Dip to 17% by March 2027 under the baseline scenario (from 17.2% in March 2025)

Fall to 14.2% under Scenario 1

Fall to 14.6% under Scenario 2

However, none of the banks would fall below the regulatory minimum CRAR of 9% under any scenario.

7) Answer: E

Short Explanation:

Meta mandates that all advertisers running securities and investment ads in India on platforms like Facebook, Instagram, and WhatsApp must be: Verified by SEBI, or Complete business/identity verification if exempt from SEBI registration

The rule applies to global campaigns targeting Indian users and takes effect from July 31, 2025.

This initiative aligns with SEBI’s efforts to regulate financial content and curb misleading ads by finfluencers.

Detailed Explanation:

Meta mandates that all advertisers running securities and investment ads in India on platforms like Facebook, Instagram, and WhatsApp must be: Verified by SEBI, or Complete business/identity verification if exempt from SEBI registration

The rule applies to global campaigns targeting Indian users and takes effect from July 31, 2025.

This initiative aligns with SEBI’s efforts to regulate financial content and curb misleading ads by finfluencers.

Ads will display a disclaimer showing SEBI registration details of the verified beneficiary and payer.

The verification process began on June 26, 2025, with a global rollout by July 28, 2025.

The new rules are expected to significantly impact finfluencers, especially those in a regulatory grey area.

Many finfluencers without formal SEBI recognition may be disqualified from paid promotions.

8) Answer: C

Short Explanation:

The Asian Infrastructure Investment Bank (AIIB) has subscribed to ₹1,301.25 crore worth of Non-Convertible Debentures (NCDs) issued by Aditya Birla Capital Limited (ABCL).

Detailed Explanation:

The Asian Infrastructure Investment Bank (AIIB) has subscribed to ₹1,301.25 crore worth of Non-Convertible Debentures (NCDs) issued by Aditya Birla Capital Limited (ABCL).

The investment is a three-year privately placed funding aimed at supporting renewable energy and electric mobility projects in India.

The financing will support lending for renewable energy generation, including:Solar, Wind, Geothermal, Pumped storage, Hydrogen production, Energy storage systems

AIIB has assisted ABCL in enhancing its Environmental and Social Management System (ESMS) to align with AIIB’s framework for improved governance in sub-projects.

9) Answer: D

Short Explanation:

According to the Reserve Bank of India (RBI), Non-Banking Finance Companies’ (NBFCs)Gross Non-Performing Asset (GNPA) ratio may rise to 5.8% from 2.9% in March 2025 under a severe stress scenario.

Detailed Explanation:

According to the Reserve Bank of India (RBI), Non-Banking Finance Companies’ (NBFCs)Gross Non-Performing Asset (GNPA) ratio may rise to 5.8% from 2.9% in March 2025 under a severe stress scenario.

Under the baseline scenario, the system-level GNPA ratio of sample NBFCs may increase from 2.9% in March 2025 to 3.3% in March 2026.

The aggregate Capital to Risk-weighted Assets Ratio (CRAR) may decline to 21.4% in March 2026 from 23.4% in March 2025.

Under the baseline scenario, 10 NBFCs (all in the middle layer) may breach the regulatory minimum capital requirement of 15%.

10) Answer: E

Short Explanation:

States and Union Territories (UTs) are expected to raise around ₹2.86 lakh crore from the markets during the July–September 2025 quarter, according to the Reserve Bank of India (RBI).

These borrowing plans were finalized after consultations between the RBI and State/UT governments.

Detailed Explanation:

States and Union Territories (UTs) are expected to raise around ₹2.86 lakh crore from the markets during the July–September 2025 quarter, according to the Reserve Bank of India (RBI).

These borrowing plans were finalized after consultations between the RBI and State/UT governments.

On July 1, 2025, a total of ₹18,100 crore is proposed to be borrowed by the following states:

Andhra Pradesh – ₹2,000 crore

Assam – ₹900 crore

Gujarat – ₹1,000 crore

Himachal Pradesh – ₹1,200 crore

Kerala – ₹2,000 crore

Maharashtra – ₹6,000 crore

Rajasthan – ₹500 crore

Tamil Nadu – ₹2,000 crore

Telangana – ₹1,500 crore

West Bengal – ₹1,000 crore

Gross market borrowing for FY 2025-26 is budgeted at ₹14.82 lakh crore.

Of this, ₹8.00 lakh crore (54%) is planned for the first half (H1) of the fiscal year through issuance of dated securities.These borrowings will be carried out through 26 weekly auctions.

11) Answer: A

Short Explanation:

CCIL IFSC Limited, a subsidiary of The Clearing Corporation of India Ltd (CCIL), has partnered with Standard Chartered Bank.

Detailed Explanation:

CCIL IFSC Limited, a subsidiary of The Clearing Corporation of India Ltd (CCIL), has partnered with Standard Chartered Bank.

Under the agreement, Standard Chartered Bank will serve as the Settlement Bank for the Foreign Currency Settlement System (FCSS) of CCIL IFSC Ltd in GIFT City, Gujarat.

The FCSS will initially facilitate real-time settlement of USD transactions within GIFT IFSC.

P D Singh is the CEO of India & South Asia, Standard Chartered Bank.

12) Answer: C

Short Explanation:

The Securities and Exchange Board of India (SEBI) has proposed that commodity exchanges and clearing corporations maintain IT system capacity of twice the projected peak load.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has proposed that commodity exchanges and clearing corporations maintain IT system capacity of twice the projected peak load.

This is a reduction from the existing requirement of four times the peak load, as per the 2016 guidelines, which applied only to exchanges.

The new proposal extends the capacity norms to clearing corporations as well, ensuring uniform standards.

The draft framework includes:Forward-looking capacity planning, Quarterly stress testing, Real-time automated alert systems

If utilisation exceeds 75% of installed capacity, immediate corrective actions must be taken by stock exchanges and clearing corporations.

13) Answer: E

Short Explanation:

The first ASEAN–India Cruise Dialogue was held aboard the MV Empress at Chennai Port, bringing together delegates from all 10 ASEAN member countries and Timor Leste to deepen maritime cooperation, cruise connectivity, and sustainable tourism under India’s Sagarmala and Act East initiatives.

Detailed Explanation:

The first ASEAN–India Cruise Dialogue was held aboard the MV Empress at Chennai Port, bringing together delegates from all 10 ASEAN member countries and Timor Leste to deepen maritime cooperation, cruise connectivity, and sustainable tourism under India’s Sagarmala and Act East initiatives.

Venue & Date: Held on 1 July 2025 aboard the MV Empress at Chennai Port, with continuation in Mamallapuram (UNESCO World Heritage Site).

Participants:30+ delegates from Brunei, Cambodia, Indonesia, Laos PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, and Timor Leste, alongside senior MoPSW officials.

Objectives:

Strengthen maritime cooperation between India and ASEAN.

Promote sustainable cruise tourism and develop cruise circuits in the Bay of Bengal and Indian Ocean.

Support Cruise Bharat Mission, Maritime India Vision 2030, and Maritime Amrit Kaal 2047.

Thematic Sessions: Focus on “ASEAN–India Cooperation Fund: Trade & Investment” and “ASEAN–India Cruise Tourist Circuits”.

14) Answer: C

India’s first all-woodenGurdwara, Sri Nanak Niwas, was inaugurated in Fazilka, Punjab, as a unique symbol of spiritual devotion and architectural innovation, built by SSP Bhupinder Singh Sidhu using Finnish Deodhar wood in just three months.

Inauguration Date:February 16, 2023; located inside Fazilka police lines.

Material Used: Built entirely with imported Finnish Deodhar wood, known for its weather resistance and durability.

Structure Size:40 ft x 40 ft with four entrances, reflecting Sikh principles of openness and equality.

Designer:Iqbal Singh, a Ludhiana-based master carpenter experienced in wooden constructions abroad.

Construction Details:

Wood shipped by sea, transported to Fazilka by truck.

Features include ventilated domes, aligned beams, and North-South entrance orientation for airflow and weather protection.

15) Answer: C

Short Explanation:

Ladakh’s Tourism Department, in collaboration with the Indian Institute of Astrophysics, hosted a two-day Astro Tourism Festival in Leh to showcase the region’s prime conditions for stargazing and promote science-driven tourism.

Venues:

Leh University Campus: telescope-guided constellation, planet, and deep-sky viewing.

Hanle Dark Sky Reserve: globally recognized site for astronomy.

Detailed Explanation:

Ladakh’s Tourism Department, in collaboration with the Indian Institute of Astrophysics, hosted a two-day Astro Tourism Festival in Leh to showcase the region’s prime conditions for stargazing and promote science-driven tourism.

Duration – Two days: immersive workshops and observation sessions held in Leh.

Organizers:Ladakh Tourism Department with support from Indian Institute of Astrophysics, Kashmir University, and ISRO scientists.

Venues:

Leh University Campus: telescope-guided constellation, planet, and deep-sky viewing.

Hanle Dark Sky Reserve: globally recognized site for astronomy.

16) Answer: C

Short Explanation:

India’s under-five mortality rate has fallen by 78%, surpassing the 61% global decline, as per the 2024 UN IGME report, alongside a 70% drop in neonatal deaths.

Detailed Explanation:

India’s under-five mortality rate has fallen by 78%, surpassing the 61% global decline, as per the 2024 UN IGME report, alongside a 70% drop in neonatal deaths.

The 2024 UN Inter-agency Group for Child Mortality Estimation (UN IGME) report has recognized India’s exceptional progress in reducing both under-five and neonatal mortality at a time when post-pandemic recovery and equity in health are under scrutiny.

Key Achievements:

Under-Five Mortality ↓ 78% (vs 61% global)

Neonatal Mortality ↓ 70% (vs 54% global)

Zero-Dose Children ↓ from 0.11% to 0.06% (2023–24)

17) Answer: C

Short Explanation:

The Dalai Lama, Tibet’s spiritual leader, will address a major three-day gathering of Buddhist religious figures ahead of his 90th birthday.

The conference is the first since 2019 and will include over 100 Tibetan Buddhist leaders. It will feature a video statement from the Dalai Lama.

Hollywood actor Richard Gere, a long-time follower of Tibetan Buddhism, is expected to attend.

Detailed Explanation:

The Dalai Lama, Tibet’s spiritual leader, will address a major three-day gathering of Buddhist religious figures ahead of his 90th birthday.

The conference is the first since 2019 and will include over 100 Tibetan Buddhist leaders. It will feature a video statement from the Dalai Lama.

Hollywood actor Richard Gere, a long-time follower of Tibetan Buddhism, is expected to attend.

The Dalai Lama fled Tibet in 1959 after a failed uprising against Chinese rule. China regards him as a separatist and claims it will choose his successor.

The Dalai Lama has stated that his successor will be born outside China and has urged followers to reject any successor appointed by Beijing.

The Dalai Lama will turn 90 years old on July 6, 2025, and has said he will consult senior monks and officials to provide clues about his successor’s birthplace and identity.

18) Answer: C

Reliance Defence, part of Reliance Infrastructure, has joined forces with U.S.-based Coastal Mechanics Inc. to establish a state-of-the-artMaintenance, Repair, and Overhaul (MRO) and upgrade facility at MIHAN, Nagpur, Maharashtra.

Location: MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur), Maharashtra.

Partners: Reliance Defence (India) & Coastal Mechanics Inc. (USA).

Sector: Defence MRO and Upgrades targeting both Indian Armed Forces and export clients.

Focus Areas: Lifecycle modernization (upgrading instead of replacing) of:

100 Jaguar aircraft

100 MiG-29 fighter jets

20 Apache attack helicopters

L-70 air defence guns

19) Answer: A

India is set to develop its first underwater museum and artificial coral reef around the decommissioned warship INS Guldar near Nivati Rocks, located off the coast of Vengurla in Sindhudurg district, Maharashtra.

20) Answer: C

Union Territory of Ladakh, President Droupadi Murmu has promulgated three key regulations: the Ladakh Reservation (Amendment) Regulation, 2025, ensuring 85% job reservation for local residents; the Ladakh Official Languages Regulation, 2025, recognizing five official languages including Bhoti and Purgi; and amendments to the Ladakh Autonomous Hill Development Councils Regulation, providing for 33% reservation for women in the Leh and Kargil Hill Councils.