Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 03rd 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) Consider the following statements regarding the KVB–Kshema General Insurance partnership:

1. The partnership aims to deliver a specially designed insurance product for rural and agriculture-focused communities.
   2. The product, named Kshema Kisan Sathi, offers dual benefits for financial security and livelihood stability.
   3. The alliance is expected to leverage Kshema’s hospital network and KVB’s ATM network for premium collection.

Which of the above statements are correct?

(a) 1 and 2 only

(b) 1 and 3 only

(c) 2 and 3 only

(d) All 1, 2 and 3

(e) 1 only

2) Which of the following cities has recently become home to SBI’s newly inaugurated Global Trade Finance Centres?

(a) Mumbai and Bengaluru

(b) Hyderabad and Chennai

(c) Kolkata and Hyderabad

(d) New Delhi and Kolkata

(e) Ahmedabad and Pune

3) Recently, the Reserve Bank of India approved Saraswat Co-operative Bank’s Takeover of Fraud-Hit New India Co-op Bank under the UCB Amalgamation Scheme. What was the total business of SCB and NICB, respectively as of March-end 2025?

(a) ₹91,800 crore (SCB) and ₹3,500 crore (NICB)

(b) ₹85,000 crore (SCB) and ₹4,500 crore (NICB)

(c) ₹75,000 crore (SCB) and ₹2,000 crore (NICB)

(d) ₹100,000 crore (SCB) and ₹6,000 crore (NICB)

(e) ₹93,000 crore (SCB) and ₹3,800 crore (NICB)

4) From which date has Punjab National Bank (PNB) waived penal charges for non-maintenance of Minimum Average Balance (MAB) in savings accounts?

(a) April 1, 2025

(b) May 15, 2025

(c) June 1, 2025

(d) July 1, 2025

(e) August 15, 2025

5) Where is the PM MITRA Park, recently approved with a ₹1,894 crore outlay, being developed?

(a) Coimbatore

(b) Madurai

(c) Salem

(d) Virudhunagar

(e) Tirupur

6) When was the National Sports Policy 2025 approved?

(a) 1 July 2025

(b) 21 June 2025

(c) 1 June 2025

(d) 26 January 2025

(e) 15 August 2025

7) What is the total outlay of the Employment Linked Incentive (ELI) Scheme approved by the Union Cabinet in July 2025?

(a) ₹50,000 crore

(b) ₹75,000 crore

(c) ₹1.5 lakh crore

(d) ₹1 lakh crore

(e) ₹2 lakh crore

8) What is the total estimated cost of the four-lane expansion of the Paramakudi–Ramanathapuram stretch of NH-87?

(a) ₹1,200 crore

(b) ₹1,853 crore

(c) ₹1,532 crore

(d) ₹2,100 crore

(e) ₹2,450 crore

9) What is the total outlay of the Research, Development & Innovation (RDI) Scheme approved in July 2025 under the strategic guidance of the Anusandhan National Research Foundation (ANRF)?

(a) ₹50,000 crore

(b) ₹75,000 crore

(c) ₹90,000 crore

(d) ₹1 lakh crore

(e) ₹1.25 lakh crore

10) Which of the following schemes is not part of the Jan Suraksha Santrupti Abhiyan focus?

(a) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

(b) Pradhan Mantri Suraksha Bima Yojana (PMSBY)

(c) Atal Pension Yojana (APY)

(d) Pradhan Mantri Jan Dhan Yojana (PMJDY)

(e) PM Kisan Samman Nidhi

11) Recently, which country assumed the Presidency of the United Nations Security Council (UNSC) for the month of July 2025, as part of its two-year non-permanent membership term?

(a) Brazil

(b) South Africa

(c) Germany

(d) Pakistan

(e) Indonesia

12) Which app provides last-mile taxi booking as part of its integrated passenger services?

(a) RailOne

(b) RailYatri

(c) IRCTC

(d) MakeMyTrip

(e) Yatra

13) On July 1, 2025 the Indian Navy commissioned INS Tamal (F 71) at Yantar Shipyard, Kaliningrad, Russia. Who currently commands INS Tamal (F 71)?

(a) VAdm Sanjay Jasjit Singh

(b) RAdm Vineet McCarty

(c) Capt Sridhar Tata

(d) Cmde Arun Prakash

(e) Capt V.K. Sinha

14) On 01 July 2025, Yard 12652 (Udaygiri) was delivered to the Indian Navy by Mazagon Dock Shipbuilders Limited (MDL). Udaygiri belongs to which class of frigates being developed for the Indian Navy?

(a) Shivalik class

(b) Nilgiri class

(c) Talwar class

(d) Project 17A class

(e) Kamorta class

15) In which branch of the Indian Air Force was Air Marshal S Sivakumar commissioned?

(a) Flying Branch

(b) Logistics Branch

(c) Meteorology Branch

(d) Engineering Branch

(e) Administration Branch

16) Who took charge as Executive Director of the Securities and Exchange Board of India (SEBI) in July 2025 after being promoted from the position of Chief General Manager?

(a) Sunil Jayawant Kadam

(b) Murali Manohar Singh

(c) Rajesh Kumar

(d) Hariramakrishnan N

(e) Rani Alli G

17) Recently, the government has extended the tenure of the chairperson and other members of the Financial Services Institutions Bureau (FSIB) by one year, now up to June 30, 2026. Who is the current Chairperson of the Financial Services Institutions Bureau (FSIB)?

(a) T. V. Somnathan

(b) Bhanu Pratap Sharma

(c) Rajiv Kumar

(d) Sanjay Malhotra

(e) Ajay Bhushan Pandey

18) Which company received CCI approval for acquiring a stake in Billion brains Garage Ventures Ltd (Groww)?

(a) Viggo Investment Pte Ltd

(b) Temasek Holdings

(c) Tiger Global Holdings

(d) BlackRock Inc.

(e) Sequoia Capital India

19) Which two institutions signed a five-year MoU to upskill professionals in the power distribution sector in 2025?

(a) IIT Delhi and Adani Power

(b) IIM Kozhikode and Tata Power-DDL

(c) IISc Bangalore and NTPC Ltd

(d) IIM Ahmedabad and Reliance Power

(e) NPTI and Power Grid Corporation

20) What is India’s target for steel production by 2030 as discussed during the meeting?

(a) 150 million tones

(b) 200 million tones

(c) 250 million tones

(d) 300 million tones

(e) 350 million tonnes

21) What is the primary purpose of the MoU signed between CEA and IIT Roorkee on 1 July 2025?

(a) Construction of a new thermal power plant

(b) Joint commercial power trading

(c) Capacity building, research, and knowledge exchange

(d) Electrification of rural Himalayan villages

(e) Setting up a private university in Uttarakhand

22) Which Indian city ranks highest globally in the unicorn ecosystem according to the 2025 Hurun Global Unicorn Index?

(a) Gurugram

(b) Hyderabad

(c) Mumbai

(d) Pune

(e) Bengaluru

23) According to the 2025 SDG Report, what percentage of SDG targets are progressing as planned globally?

(a) 10%

(b) 17%

(c) 25%

(d) 33%

(e) 50%

24) On which date is World UFO Day observed annually to raise awareness about Unidentified Flying Objects and alien life forms?

(a) July 3

(b) June 30

(c) July 1

(d) July 2

(e) June 29

25) When is International Plastic Bag Free Day observed every year?

(a) June 5

(b) July 1

(c) July 3

(d) August 15

(e) September 16

Answers :

1) Answer: A

Karur Vysya Bank (KVB) and Kshema General Insurance have entered into a strategic bancassurance alliance.

The partnership aims to offer a specially designed dual-benefit insurance product — Kshema Kisan Sathi — targeted at India’s rural and agri-focused communities.

The initiative is focused on insuring and uplifting the agri and rural economy, by combining Kshema’s technology platform with KVB’s rural customer network.

Kshema Kisan Sathi aims to promote financial security, stability, and self-sufficiency among rural families and agri-entrepreneurs, thereby boosting the rural economy.

2) Answer: C

Short Explanation:

State Bank of India (SBI) inaugurated Global Trade Finance Centres at Kolkata and Hyderabad.

These specialized hubs are staffed by over 800 skilled professionals.

The centres will streamline Inland trade and processing of Import and Export transactions.

Detailed Explanation:

State Bank of India (SBI) inaugurated Global Trade Finance Centres at Kolkata and Hyderabad.

These specialized hubs are staffed by over 800 skilled professionals.

The centres will streamline Inland trade and processing of Import and Export transactions.

Benefits include faster turnaround, stronger compliance, and significantly improved customer experience.

SBI’s Trade Finance business is moving from paper-based to digital processes using Artificial Intelligence (AI), Machine Learning (ML), blockchain, and document digitization.

3) Answer: A

Short Explanation:

Saraswat Co-operative Bank (SCB) has received in-principle approval from the Reserve Bank of India (RBI) to acquire the fraud-hit New India Co-operative Bank (NICB) under the voluntary amalgamation scheme for Urban Co-operative Banks (UCBs).

NICB’s net worth has turned negative after a misappropriation of ₹122 crore was detected during an RBI inspection in February 2025.

As of March-end 2025:SCB's total business (Deposits + Advances): ₹91,800 crore, NICB's total business: ₹3,500 crore

Detailed Explanation:

Saraswat Co-operative Bank (SCB) has received in-principle approval from the Reserve Bank of India (RBI) to acquire the fraud-hit New India Co-operative Bank (NICB) under the voluntary amalgamation scheme for Urban Co-operative Banks (UCBs).

NICB’s net worth has turned negative after a misappropriation of ₹122 crore was detected during an RBI inspection in February 2025.

As of March-end 2025:SCB's total business (Deposits + Advances): ₹91,800 crore, NICB's total business: ₹3,500 crore

The merger is subject to approval from shareholders of both Mumbai-based banks and requires clearance of the Scheme of Amalgamation.

Gautam E Thakur, Chairman of SCB, expects the merger to conclude by August–September 2025, assuring full protection for NICB depositors.

4) Answer: D

Punjab National Bank (PNB) has announced the waiver of penal charges for non-maintenance of Minimum Average Balance (MAB) in all savings accounts.

This customer-first initiative is effective from July 1, 2025.

The move aims to support priority segments such as women, farmers, and low-income households, promoting inclusive banking access without penalties.

Similar steps have been taken by other public sector banks, including the State Bank of India (SBI).

5) Answer: D

Short Explanation:

In a significant boost to Tamil Nadu’s ambition of becoming a global textile hub, the Union Government has approved a ₹1,894 crore development plan for the PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park in Virudhunagar district.

Detailed Explanation:

In a significant boost to Tamil Nadu’s ambition of becoming a global textile hub, the Union Government has approved a ₹1,894 crore development plan for the PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park in Virudhunagar district.

Approval Announced By: Union Textiles Minister Giriraj Singh

Project Area:1,052 acres

Completion Timeline:By September 2026

Expected Investment: ₹10,000 crore

Job Creation:1 lakh employment opportunities

About PM MITRA Park (Virudhunagar):

Core Focus: Next-generation textile manufacturing, especially technical textiles and integrated processing

Infrastructure to Include:

15 MLD Common Effluent Treatment Plant (Zero Liquid Discharge)

5 MLD Sewage Treatment Plant

Worker housing for 10,000 people

6) Answer: A

Short Explanation:

The National Sports Policy, approved on 1 July 2025, seeks to integrate sports into daily life, bolster athlete development, and position India as a global sports powerhouse.

Detailed Explanation:

The National Sports Policy, approved on 1 July 2025, seeks to integrate sports into daily life, bolster athlete development, and position India as a global sports powerhouse.

Mass Participation & Fitness: aims to promote sports for all, introducing fitness indices in schools, colleges, and workplaces.

Athlete-Centric Ecosystem: focuses on athlete welfare, professional training, and inclusive community engagement.

Sports-Education Integration: to foster holistic development by embedding sports in academic curricula.

Governance Framework: establishment of regulatory and legal measures, with strengthened National Sports Federations for operational efficiency, financial sustainability, and transparency.

7) Answer: D

Short Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Employment Linked Incentive (ELI) Scheme on 1 July 2025, allocating nearly ₹1 lakh crore to create 3.5 crore formal jobs between 1 August 2025 and 31 July 2027, and strengthen youth employability through first-time hiring incentives and employer support.

Scheme Launch & Budget: Approved 1 July 2025 with a ₹1 lakh crore outlay as part of a broader ₹2 lakh crore employment–skilling package.

Job Creation Target:3.5 crore formal jobs in 2 years (Aug 1, 2025–Jul 31, 2027).

Detailed Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Employment Linked Incentive (ELI) Scheme on 1 July 2025, allocating nearly ₹1 lakh crore to create 3.5 crore formal jobs between 1 August 2025 and 31 July 2027, and strengthen youth employability through first-time hiring incentives and employer support.

Scheme Launch & Budget: Approved 1 July 2025 with a ₹1 lakh crore outlay as part of a broader ₹2 lakh crore employment–skilling package.

Job Creation Target:3.5 crore formal jobs in 2 years (Aug 1, 2025–Jul 31, 2027).

Part A – Incentives to First-Time Employees:

Beneficiaries:1.92 crore new employees registered under EPFO.

Benefit:One-month wage up to ₹15,000, disbursed in two installments—after 6 months of service, and after 12 months + completion of financial literacy training.

Eligibility: Salary ≤ ₹1 lakh/month; portion locked in savings instruments to promote long-term financial security.

Part B – Support to Employers:

Coverage: All sectors, with extended incentives for manufacturing (years 3–4).

Eligibility: Employers must be EPFO-registered and create minimum new hires—2 for firms with < 50 employees; 5 for firms with ≥ 50.

Incentive Structure (per employee/month):

Wage ≤ ₹10,000 → ₹1,000

₹10,001–₹20,000 → ₹2,000

₹20,001–₹1,00,000 → ₹3,000

8) Answer: B

Short Explanation:

The Union Cabinet, sanctioned the 46.7 km four-lane expansion of the Paramakudi–Ramanathapuram stretch of NH-87 under the Hybrid Annuity Mode, at an estimated cost of ₹1,853 crore to bolster connectivity, safety, and regional growth.

Detailed Explanation:

The Union Cabinet, sanctioned the 46.7 km four-lane expansion of the Paramakudi–Ramanathapuram stretch of NH-87 under the Hybrid Annuity Mode, at an estimated cost of ₹1,853 crore to bolster connectivity, safety, and regional growth.

Project Stretch & Length:Paramakudi–Ramanathapuram, 46.7 km of NH-87.

Total Cost:₹1,853 crore, to be executed via Hybrid Annuity Mode (HAM).

Execution Model:HAM ensures a balance of government equity and private capital.

Employment Generation:

Direct:8.4 lakh person-days

Indirect:10.45 lakh person-days

Background Need: Existing two-lane NH-87 faces severe congestion, high tourist traffic to Rameshwaram &Dhanushkodi, and safety challenges.

9) Answer: D

Short Explanation:

The Union Cabinet, on 1 July 2025, sanctioned a ₹1 lakh crore Research, Development & Innovation (RDI) Scheme—offering long-term, low-interest funding for industry-led R&D in sunrise and strategic sectors, under the strategic guidance of the Anusandhan National Research Foundation (ANRF).

Detailed Explanation:

The Union Cabinet, on 1 July 2025, sanctioned a ₹1 lakh crore Research, Development & Innovation (RDI) Scheme—offering long-term, low-interest funding for industry-led R&D in sunrise and strategic sectors, under the strategic guidance of the Anusandhan National Research Foundation (ANRF).

Outlay – ₹1 lakh crore: dedicated to private sector-led R&D and innovation.

ANRF Oversight: Scheme managed by the Anusandhan National Research Foundation, chaired by the Prime Minister.

Objective: Promote deep-tech research in AI, semiconductors, clean energy, and other critical domains.

Two-Tier Funding Structure:

Tier 1 – Special Purpose Fund (SPF): Centralized within ANRF to allocate capital.

Tier 2 – 2nd-Level Fund Managers: Disburse concessional long-term loans (low or nil interest) to eligible private entities.

10) Answer: E

Chief Minister Bhupendra Patel inaugurated the Jan Suraksha Santrupti Abhiyan in Gandhinagar on 30 June 2025, kick-starting a three-month national drive (1 July–30 September 2025) to ensure all eligible citizens access central social security schemes.

Primary Aim: Achieve 100% coverage under flagship welfare programmes.

Targeted Schemes:

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Atal Pension Yojana (APY)

Pradhan Mantri Jan Dhan Yojana (PMJDY)

11) Answer: D

Short Explanation:

Pakistan assumed the Presidency of the United Nations Security Council (UNSC) for the month of July 2025.

This presidency is part of Pakistan’s two-year term as a non-permanent member of the UNSC, which started in January 2025.

Pakistan was elected with overwhelming support, securing 182 out of 193 votes.

Detailed Explanation:

Pakistan assumed the Presidency of the United Nations Security Council (UNSC) for the month of July 2025.

This presidency is part of Pakistan’s two-year term as a non-permanent member of the UNSC, which started in January 2025.

Pakistan was elected with overwhelming support, securing 182 out of 193 votes.

The UNSC presidency rotates monthly among its 15 members in alphabetical order.

Pakistan pledged to undertake its presidency with purpose, humility, and conviction, committed to:UN Charter principles, Respect for international law, Multilateralism

Ambassador Asim Iftikhar Ahmad, Pakistan’s Permanent Representative to the UN, will preside over the Council meetings.

12) Answer: A

Union Railway Minister Ashwini Vaishnaw launched the ‘RailOne’ app on the 40th Foundation Day of the Centre for Railway Information Systems (CRIS) at India Habitat Centre, New Delhi.

The ‘RailOne’ app is an all-in-one railway passenger services platform with a user-friendly interface.

The app offers multiple passenger services:

Unreserved and platform ticket booking (with 3% discount),

Live train tracking,

Grievance redressal,

E-catering,

Porter booking,

Last-mile taxi services.

For reserved ticket booking, users will still use the IRCTC platform.

However, RailOne is an IRCTC-authorized partner app.

Login options include mPIN, biometric login, and single sign-on using existing UTS and RailConnect credentials.

13) Answer: C

Short Explanation:

The Indian Navy commissioned INS Tamal (F 71) on 01 July 2025 at Yantar Shipyard, Kaliningrad, Russia.

The ship is commanded by Capt Sridhar Tata, an expert in gunnery and missile warfare.

Detailed Explanation:

The Indian Navy commissioned INS Tamal (F 71) on 01 July 2025 at Yantar Shipyard, Kaliningrad, Russia.

The commissioning ceremony was attended by VAdm Sanjay Jasjit Singh, Flag Officer Commanding-in-Chief, Western Naval Command.

INS Tamal is the eighth multi-role stealth frigate of Project 1135.6 and the second ship of the additional follow-on Tushil class.

The first ship of the Tushil class, INS Tushil, was commissioned on 09 Dec 2024 in the presence of the Raksha Mantri.

All seven ships inducted so far belong to the Western Fleet, known as 'The Sword Arm' of the Indian Navy under the Western Naval Command.

The ship is commanded by Capt Sridhar Tata, an expert in gunnery and missile warfare.

14) Answer: D

Short Explanation:

Yard 12652 (Udaygiri), the second ship of Project 17A stealth frigate, was delivered to the Indian Navy on 01 July 2025 by Mazagon Dock Shipbuilders Limited (MDL).

Detailed Explanation:

Yard 12652 (Udaygiri), the second ship of Project 17A stealth frigate, was delivered to the Indian Navy on 01 July 2025 by Mazagon Dock Shipbuilders Limited (MDL).

Project 17A is the follow-on of the Shivalik class (Project 17) frigates currently in service.

Udaygiri is the second of seven P17A frigates being built at MDL Mumbai and GRSE Kolkata.

These are multi-mission frigates capable of operating in a Blue Water environment, addressing conventional and non-conventional threats within India’s maritime interests.

The new Udaygiri is a modern avatar of the earlier INS Udaygiri, a steam ship decommissioned in 2007 after 31 years of service.

The ship was delivered in a record time of 37 months from launching.

15) Answer: E

Short Explanation:

Air Marshal S Sivakumar VSM assumed the appointment of Air Officer-in-Charge Administration (AOA) at Air HQ, New Delhi on 01 July 2025.

Commissioned into the Administration branch of the Indian Air Force (IAF) in June 1990.

Detailed Explanation:

Air Marshal S Sivakumar VSM assumed the appointment of Air Officer-in-Charge Administration (AOA) at Air HQ, New Delhi on 01 July 2025.

Commissioned into the Administration branch of the Indian Air Force (IAF) in June 1990.

Career spans over 35 years with important Command and Staff appointments, including:Senior Air Traffic Control Officer at a forward base, Represented IAF in UN Mission at Congo, Air Force Examiner, Chief Administrative Officer of a premier Flying Station, Command Works Officer and Command Personnel Staff Officer at two Operational Commands, Air Officer Commanding of an Equipment Depot, Assistant Chief of Air Staff (Air Force Works) at Air Headquarters, Senior Officer-in-Charge Administration of an Operational Command

16) Answer: A

Short Explanation:

Sunil Jayawant Kadam took charge as Executive Director (ED) of the Securities and Exchange Board of India (SEBI), promoted from his earlier role as Chief General Manager (CGM).

He has also served as Regional Director at SEBI’s Northern Regional Office and as a Registrar at NISM.

Detailed Explanation:

Sunil Jayawant Kadam took charge as Executive Director (ED) of Securities and Exchange Board of India (SEBI), promoted from his earlier role as Chief General Manager (CGM).

He will oversee multiple departments including Information Technology, Investor Assistance and Education, and matters related to the National Institute of Securities Markets (NISM).

His responsibilities also include Economic and Policy Analysis, General Services, Board Cell, RTI (Right to Information), and PQ Cell.

Kadam has been associated with SEBI since 1996, handling key assignments in Corporation Finance, Market Regulation, Surveillance, and Investigations.

He has also served as Regional Director at SEBI’s Northern Regional Office and as a Registrar at NISM.

17) Answer: B

Short Explanation:

The government has extended the tenure of the chairperson and other members of the Financial Services Institutions Bureau (FSIB) by one year, now up to June 30, 2026.

The current chairperson of FSIB is Bhanu Pratap Sharma, former Secretary of the Department of Personnel and Training (DoPT).

Detailed Explanation:

The government has extended the tenure of the chairperson and other members of the Financial Services Institutions Bureau (FSIB) by one year, now up to June 30, 2026.

FSIB is the headhunter responsible for appointing directors of state-owned banks and financial institutions.

The current chairperson of FSIB is Bhanu Pratap Sharma, former Secretary of the Department of Personnel and Training (DoPT).

The Appointments Committee of the Cabinet approved the extension effective from July 1, 2025, to June 30, 2026 or until further orders.

The FSIB’s tenure was also extended by one year last year.

18) Answer: A

Short Explanation:

The Competition Commission of India (CCI) approved the acquisition of a 2.14% stake in Billionbrains Garage Ventures Ltd (Groww) by Viggo Investment Pte Ltd, an affiliate of Singapore's sovereign wealth fund GIC.

The acquisition is based on a Deed of Adherence and Share Subscription Agreement dated 28th April 2025.

Detailed Explanation:

The Competition Commission of India (CCI) approved the acquisition of a 2.14% stake in Billionbrains Garage Ventures Ltd (Groww) by Viggo Investment Pte Ltd, an affiliate of Singapore's sovereign wealth fund GIC.

The acquisition is based on a Deed of Adherence and Share Subscription Agreement dated 28th April 2025.

Groww is an investment tech unicorn operating an online trading platform that offers stock trading, mutual fund investments, and other financial instruments.

It also has an asset management business.

Viggo Investment is a special purpose vehicle fully owned by Enterprise Holding, which is a wholly owned subsidiary of GIC (Ventures) Pvt Ltd.

19) Answer: B

Short Explanation:

The Indian Institute of Management Kozhikode (IIMK) and Tata Power Delhi Distribution Ltd. (Tata Power-DDL) have entered a five-year MoU to jointly upskill and prepare professionals for the evolving power distribution sector through training, research, and knowledge-sharing initiatives.

Detailed Explanation:

The Indian Institute of Management Kozhikode (IIMK) and Tata Power Delhi Distribution Ltd. (Tata Power-DDL) have entered a five-year MoU to jointly upskill and prepare professionals for the evolving power distribution sector through training, research, and knowledge-sharing initiatives.

Partnership Scope: Joint design and delivery of specialized training programmes on smart grids, distributed generation, renewable integration, electric mobility, and AI applications in power systems.

Signatories:Debashis Chatterjee (Director, IIMK) and Praveen Agrawal (Tata Power-DDL).

Duration:Five years, reinforcing a long-term collaboration dedicated to innovation and sustainability.

20) Answer: D

Short Explanation:

Union Steel Minister H.D. Kumaraswamy and UAE Economy Minister Abdulla Bin Touq Al Marri met on 1 July 2025 under the India–UAE CEPA framework to explore collaboration in eco-friendly steel and high-grade aluminium production.

Framework – CEPA: Discussions held under the Comprehensive Economic Partnership Agreement, reinforcing bilateral industrial ties.

Green Steel Target: India aims to produce 300 million tonnes of steel by 2030, leveraging clean-energy-driven metallurgy in partnership with the UAE.

Detailed Explanation:

Union Steel Minister H.D. Kumaraswamy and UAE Economy Minister Abdulla Bin Touq Al Marri met on 1 July 2025 under the India–UAE CEPA framework to explore collaboration in eco-friendly steel and high-grade aluminium production.

Framework – CEPA: Discussions held under the Comprehensive Economic Partnership Agreement, reinforcing bilateral industrial ties.

Green Steel Target: India aims to produce 300 million tonnes of steel by 2030, leveraging clean-energy-driven metallurgy in partnership with the UAE.

Premium Aluminium: Joint development of high-grade aluminium for automotive and strategic applications, enhancing global supply chain resilience.

CPSE Involvement:

SAIL: Imports ~2.5 million tonnes of limestone annually from UAE; exploring long-term supply tie-ups.

NMDC: Seeks to expand Gulf mining collaborations.

MECON: Poised to support engineering projects in oil & gas, steel plants, and smart infrastructure in the UAE.

21) Answer: C

Short Explanation:

A Memorandum of Understanding was signed on 1 July 2025 between the Central Electricity Authority (CEA) and IIT Roorkee to collaborate on capacity building, research, and knowledge exchange in India’s power and energy sector.

Detailed Explanation:

A Memorandum of Understanding was signed on 1 July 2025 between the Central Electricity Authority (CEA) and IIT Roorkee to collaborate on capacity building, research, and knowledge exchange in India’s power and energy sector.

Signatories & Date: Signed by Shri Ghanshyam Prasad (Chairperson, CEA) and Prof. Kamal Kishore Pant (Director, IIT Roorkee) on 01-07-2025.

Capacity Building: CEA staff to undertake short-term projects and access IIT Roorkee online courses to enhance technical skills.

Collaborative Research: Joint studies on critical power sector challenges, including hydropower, pumped storage, and renewable integration.

Sustainable Development Focus: Interdisciplinary work on decarbonization, energy efficiency, water neutrality, and just transition frameworks.

Energy Transition Support: Aligns with India’s net-zero emissions commitment by 2070 or earlier.

22) Answer: E

The Hurun Global Unicorn Index 2025, released by the Hurun Research Institute, reveals that the world now hosts 1,523 unicorns—privately held startups valued at over $1 billion—with a collective worth of $5.6 trillion, showing rapid growth in innovation and entrepreneurship.

23) Answer: B

Short Explanation:

The 2025 Sustainable Development Report by the UN Sustainable Development Solutions Network (SDSN) highlights global progress and challenges towards the 2030 SDG targets.

It reveals that none of the 17 SDGs are fully on track, with only 17% of targets progressing as planned.

Detailed Explanation:

The 2025 Sustainable Development Report by the UN Sustainable Development Solutions Network (SDSN) highlights global progress and challenges towards the 2030 SDG targets.

It reveals that none of the 17 SDGs are fully on track, with only 17% of targets progressing as planned.

Europe, especially the Nordic countries, continue to lead in sustainable development with strong performance in education, gender equality, climate action, and peace.

24) Answer: D

Every year on July 2nd, World UFO Day is commemorated to raise awareness about Unidentified Flying Objects (UFO) spotted in several parts of the world and alien life forms.

World Sports Journalists Day is observed globally on 2nd July every year to acknowledge the work of sports journalists & to encourage them to do better at their work.

The official theme for World Sports Journalists Day 2025 is: "Championing Fair Play: Reporting with Integrity and Impact."

25) Answer: C

International Plastic Bag Free Day 2025 is observed on July 3 every year to motivate people to avoid using single-use plastic to eliminate plastic pollution.