Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 05th August 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 report, the Reserve Bank of India (RBI) has established a 30-member Regulatory Review Cell (RRC) as part of its regulatory reform and modernization drive. How many regulations does the RBI currently have, and how many are considered obsolete/redundant?

(a) 10,000 total, with 7,000 obsolete

(b) 8,000 total, with 5,000 obsolete

(c) 5,000 total, with 3,000 obsolete

(d) 12,000 total, with 8,000 obsolete

(e) 6,000 total, with 4,000 obsolete

2) Under the new RBI norms, what is the minimum Assessed Net Worth (ANW) required for Tier 3 & 4 UCBs to expand operations beyond their home state?

(a) ₹20 crore

(b) ₹30 crore

(c) ₹50 crore

(d) ₹100 crore

(e) No minimum ANW requirement

3) From which date will ICICI Bank start imposing transaction handling charges on merchant UPI transactions via Payment Aggregators (PAs)?

(a) July 1, 2025

(b) August 1, 2025

(c) September 1, 2025

(d) October 1, 2025

(e) January 1, 2026

4) Which organization launched the Universal Health Coverage Practitioners and Experts Knowledge Exchange and Resources (UHC PEERS) initiative?

(a) Asian Development Bank

(b) World Bank

(c) World Health Organization

(d) United Nations Development Programme

(e) ASEAN Health Secretariat

5) Where will India's first FIFA Talent Academy for girls be established?

(a) New Delhi

(b) Bengaluru

(c) Kolkata

(d) Mumbai

(e) Hyderabad

6) Recently, the Direct Benefit Transfer (DBT) system saved ₹4.31 lakh crore for the central government between FY15 and FY24. Which scheme contributed the maximum savings (58%) to DBT in FY24?

(a) PM-KISAN

(b) LPG-Pahal

(c) Public Distribution System

(d) MGNREGS

(e) PMAY

7) What is the primary objective of Odisha's 'Shaktisree' programme?

(a) To ensure safety of girl students in higher education institutions

(b) To provide scholarships to girl students

(c) To increase female enrollment in technical courses

(d) To establish new women's colleges

(e) To train female faculty members

8) When will Australia's ban on under-16 YouTube accounts take effect?

(a) September 2025

(b) November 2025

(c) December 2025

(d) January 2026

(e) March 2026

9) What was the magnitude of the main earthquake that struck off Russia's Kamchatka Peninsula?

(a) 7.5

(b) 8.0

(c) 8.2

(d) 8.8

(e) 9.0

10) Recently, Bangladesh’s first National Multidimensional Poverty Index (MPI) was released by the General Economics Division (GED). What percentage of Bangladeshi children live in multidimensional poverty according to the MPI?

(a) 18.6%

(b) 21.44%

(c) 25.7%

(d) 28.9%

(e) 32.3%

11) At which international forum might the UK announce its support for Palestinian statehood?

(a) UN Security Council

(b) G7 Summit

(c) EU Parliament

(d) NATO Summit

(e) UN General Assembly

12) What significant first will this collaboration achieve?

(a) India's first AI-powered oil refinery

(b) First indigenous 6G trial in CPSEs

(c) First 5G CNPN in refinery sector

(d) First quantum computing facility in Assam

(e) First digital twin of an PSU

13) The Indian Navy’s Eastern Fleet, including INS Delhi, INS Shakti, and INS Kiltan, arrived in Manila, Philippines, reaffirming maritime ties and commitment to the Indo-Pacific region.Who currently commands the Eastern Fleet?

(a) Vice Admiral Dinesh Tripathi

(b) Rear Admiral Susheel Menon

(c) Admiral R. Hari Kumar

(d) Commodore Ajay Shukla

(e) Captain Manoj Jha

14) Which technology will NOT be part of Brightcom's new division focus?

(a) AI-powered autonomous flight systems

(b) Real-time threat detection algorithms

(c) Cybersecurity for aerial platforms

(d) Hypersonic missile guidance systems

(e) All the above

15) What unique biological experiment is being conducted with Armenian pomegranate seeds?

(a) Testing radiation resistance

(b) Studying microgravity effects on crop growth

(c) Developing space-grown superfoods

(d) Creating genetic mutations

(e) Preserving seeds for lunar colonies

16) The Indian Space Research Organisation (ISRO) plans to launch its first LVM3 launch vehicle equipped with a semi-cryogenic propulsion stage in 2027.What propellant combination will the new semi-cryogenic stage use?

(a) Liquid hydrogen and liquid oxygen

(b) Refined kerosene and liquid oxygen

(c) Hydrazine and nitrogen tetroxide

(d) Solid propellant and liquid oxygen

(e) Methane and liquid oxygen

17) Recently, M.K. Sanoo, a former member of the Kerala Legislative Assembly passed away at the age of 96. He was primarily known as____________

(a) A Malayalam film director

(b) A distinguished Malayalam critic and biographer

(c) A famous Kathakali performer

(d) A Kerala high court judge

(e) A renowned Ayurvedic physician

18) Who serves as the Governor of Odisha?

(a) Ramesh Bais

(b) Ganeshi Lal

(c) Kambhampati Hari Babu

(d) S.C. Jamir

(e) Murlidhar Chandrakant Bhandare

19) What was the location of the first Indicash ATM?

(a) Uttar Pradesh

(b) Bihar

(c) Gujarat

(d) Madhya Pradesh

(e) Maharashtra

20) The Central Government's Monetary Policy Committee (MPC), established under ______________, determines the policy interest rate required to meet the inflation target.

(a) Section 26

(b) Section 32

(c) Section 34

(d) Section 45ZB

(e) Section 47

Answers :

1) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has established a 30-member Regulatory Review Cell (RRC) as part of its regulatory reform and modernization drive.

RBI currently has around 8,000 regulations, circulars, master directions, and notifications, out of which about 5,000 are obsolete or redundant.

Detailed Explanation:

The Reserve Bank of India (RBI) has established a 30-member Regulatory Review Cell (RRC) as part of its regulatory reform and modernization drive.

The RRC’s main role is to evaluate existing financial regulations, identify redundant or obsolete provisions, and sunset outdated rules.

The goal is to simplify compliance, reduce operational friction, and enhance systemic resilience.

RBI currently has around 8,000 regulations, circulars, master directions, and notifications, out of which about 5,000 are obsolete or redundant.

The RRC aims to consolidate regulations to about 3,000 active ones for better clarity and efficiency.

In the first phase, RRC identified 33 core subjects for unification and review.

The Cell will assess regulations every 5–7 years to maintain relevance and effectiveness.

2) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) plans to replace existing norms with harmonised eligibility criteria for business authorisations, permissions, and approvals for Urban Co-operative Banks (UCBs).

Large UCBs in Tier 3 and Tier 4, with minimum assessed net worth (ANW) of ₹50 crore and meeting Eligibility Criteria for Business Authorisation (ECBA), can expand their operations beyond the state with RBI’s prior approval.

Detailed Explanation:

The Reserve Bank of India (RBI) plans to replace existing norms with harmonised eligibility criteria for business authorisations, permissions, and approvals for Urban Co-operative Banks (UCBs).

Large UCBs in Tier 3 and Tier 4, with minimum assessed net worth (ANW) of ₹50 crore and meeting Eligibility Criteria for Business Authorisation (ECBA), can expand their operations beyond the state with RBI’s prior approval.

UCB Expansion Rules:

Can expand within the entire home district without RBI permission.

If meeting ECBA, can expand to three additional districts in the same state without RBI permission.

For more than three districts (if Tier 2, 3, or 4 and ECBA met), it requires RBI prior approval.

Maximum of five new districts per financial year, with enough capital for at least one branch per district.

Tier 3 and Tier 4 UCBs with ₹50 crore net worth can expand to maximum two new states per year with RBI approval, needing capital for at least five branches per new state.

3) Answer: B

Short Explanation:

ICICI Bank will start imposing transaction handling charges on merchant UPI transactions processed via Payment Aggregators (PAs) from August 1, 2025.

This move follows similar steps taken by Yes Bank and Axis Bank in recent months.

Detailed Explanation:

ICICI Bank will start imposing transaction handling charges on merchant UPI transactions processed via Payment Aggregators (PAs) from August 1, 2025.

This move follows similar steps taken by Yes Bank and Axis Bank in recent months.

The charges depend on the PA’s escrow account arrangement with ICICI Bank:

If the PA maintains an escrow account with ICICI Bank, a fee of 2 basis points (bps) per transaction will be charged, capped at ₹6.

If the PA does not maintain an escrow account with the bank, the charge increases to 4 basis points (bps), capped at ₹10 per transaction.

Transactions settled directly into an ICICI Bank merchant account will be exempt from these charges.

The move reflects a growing trend among private sector banks to recover UPI processing costs through custom fee structures.

While government policy mandates zero Merchant Discount Rate (MDR) for UPI payments to encourage digital adoption, it does not prohibit banks from charging service fees to intermediaries like PAs.

4) Answer: A

Short Explanation:

Asian Development Bank (ADB) President Masato Kanda launched the Universal Health Coverage Practitioners and Experts Knowledge Exchange and Resources (UHC PEERS).

Detailed Explanation:

Asian Development Bank (ADB) President Masato Kanda launched the Universal Health Coverage Practitioners and Experts Knowledge Exchange and Resources (UHC PEERS).

It is a regional peer-to-peer learning network aimed at accelerating Universal Health Coverage (UHC) across Asia and the Pacific

UHC PEERS addresses the gap in regional health cooperation by providing a platform for countries to share best practices on extending coverage to underserved populations.

Over 1 billion people in the region still lack access to basic health services, with millions falling into poverty due to health-care costs.

The network will complement the UHC Knowledge Hub in Tokyo, and support learning from health financing reforms, innovations in service delivery, and expansion of coverage.

5) Answer: E

Short Explanation:

The All India Football Federation (AIFF) and the Government of Telangana signed a Memorandum of Understanding (MoU) to launch India’s first FIFA Talent Academy for girls at the Gachibowli Stadium Complex in Hyderabad.

Detailed Explanation:

The All India Football Federation (AIFF) and the Government of Telangana signed a Memorandum of Understanding (MoU) to launch India’s first FIFA Talent Academy for girls at the Gachibowli Stadium Complex in Hyderabad.

The MoU was signed during the Telangana Sports Conclave on Saturday, August 2, 2025.

AIFF, in coordination with FIFA, will lead operations, technical framework, talent scouting, and training curriculum.

The Sports Authority of Telangana (SATG) will manage infrastructure, logistics, education, financial, and welfare support.

The academy aims to promote equitable football development and inspire young footballers to represent India at the highest levels.

6) Answer: C

Short Explanation:

The Direct Benefit Transfer (DBT) system saved ₹4.31 lakh crore for the central government between FY15 and FY24.

Removal of 58.7 million fake/duplicate/non-existent ration cards under the Public Distribution System (PDS) saved about ₹2.5 lakh crore (~58% of total savings).

Detailed Explanation:

The Direct Benefit Transfer (DBT) system saved ₹4.31 lakh crore for the central government between FY15 and FY24.

In FY24 alone, DBT saved ₹82,573 crore, providing fiscal space to improve quality of expenditure and expand welfare schemes without extra burden on the exchequer.

DBT savings more than doubled the ₹2 lakh crore allocated for Production-Linked Incentive (PLI) schemes for 14 sectors.

Removal of 58.7 million fake/duplicate/non-existent ration cards under the Public Distribution System (PDS) saved about ₹2.5 lakh crore (~58% of total savings).

Removal of 42.3 million fake LPG beneficiaries saved ₹73,846 crore under LPG-Pahal

Removal of 12.6 million duplicate MGNREGS cards saved ₹58,059 crore.

Removal of 2.11 million ineligible beneficiaries under PM-KISAN saved ₹22,106 crore.

7) Answer: A

Short Explanation:

The Odisha government has decided to launch a special programme called ‘Shaktisree’.

The programme aims to ensure the safety of girl students in colleges and universities across Odisha.

Detailed Explanation:

The Odisha government has decided to launch a special programme called ‘Shaktisree’.

The programme aims to ensure the safety of girl students in colleges and universities across Odisha.

Chief Minister Mohan Charan Majhi announced the initiative in Bhubaneswar.

‘Shaktisree’ will be implemented in all 16 universities and 730 government and aided colleges under the state’s Higher Education Department.

The decision follows the self-immolation of a girl student from FM College, Balasore, over alleged harassment by a faculty member.

The programme is a step toward strengthening women’s safety and addressing harassment in educational institutions.

8) Answer: C

Short Explanation:

Australia will implement a ban on children under 16 from creating YouTube accounts starting December 2025.

Detailed Explanation:

Australia will implement a ban on children under 16 from creating YouTube accounts starting December 2025.

This is part of world-first social media restrictions.

The restriction already applies to TikTok, Snapchat, Instagram, Facebook, and X (formerly Twitter), and now extends to YouTube.

The decision is based on recommendations from the eSafety Commissioner.

Under the new rules, children under 16:

Can watch YouTube videos without an account.

Cannot post content, comment, or receive personalised video recommendations.

9) Answer: D

Short Explanation:

A powerful 8.8 magnitude earthquake struck off the coast of Russia’s Kamchatka Peninsula, prompting tsunami warnings across the Pacific Ocean.

The epicentre was located 119 km southeast of Petropavlovsk-Kamchatsky, at a shallow depth of 19.3 km.

Initially reported as magnitude 8.0, the quake was upgraded to 8.8, followed by a 6.9 magnitude aftershock.

Detailed Explanation:

A powerful 8.8 magnitude earthquake struck off the coast of Russia’s Kamchatka Peninsula, prompting tsunami warnings across the Pacific Ocean.

The epicentre was located 119 km southeast of Petropavlovsk-Kamchatsky, at a shallow depth of 19.3 km.

Initially reported as magnitude 8.0, the quake was upgraded to 8.8, followed by a 6.9 magnitude aftershock.

This is the strongest global earthquake since Japan’s 9.0 magnitude quake in March 2011, which caused the Fukushima nuclear disaster.

The 8.8 magnitude earthquake is classified as a “great earthquake”, which is rare globally.

The Kamchatka Peninsula, located in Russia’s Far East, is among the most earthquake-prone regions in the world.

It lies within the Pacific Ring of Fire — a horseshoe-shaped zone of intense seismic and volcanic activity around the Pacific Plate.

10) Answer: D

Short Explanation:

Bangladesh’s first National Multidimensional Poverty Index (MPI) was released by the General Economics Division (GED) with support from United Nations International Children's Emergency Fund, officially United Nations Children's Fund (UNICEF) and the European Union (EU).

The MPI highlights severe poverty challenges, especially for children and people in eastern divisions.

Nearly 28.9% of children live in multidimensional poverty, which is significantly higher than the 21.44% for adults; children are 35% more likely to be affected.

Detailed Explanation:

Bangladesh’s first National Multidimensional Poverty Index (MPI) was released by the General Economics Division (GED) with support from United Nations International Children's Emergency Fund, officially United Nations Children's Fund (UNICEF) and the European Union (EU).

The MPI highlights severe poverty challenges, especially for children and people in eastern divisions.

Nearly 28.9% of children live in multidimensional poverty, which is significantly higher than the 21.44% for adults; children are 35% more likely to be affected.

The MPI shows over 39 million people in Bangladesh live in multidimensional poverty.

Children in rural areas face significantly higher poverty than those in urban areas.

School attendance is identified as the largest contributor to the MPI, indicating that education-related deprivations are the biggest driver of child poverty.

There are sharp regional disparities:

Five districts (Bandarban, Cox’s Bazar, Sunamganj, Rangamati, Bhola) have over 40% of people in multidimensional poverty.

11) Answer: E

Short Explanation:

United Kingdom (UK) Prime Minister Keir Starmer has announced that Britain may recognise a Palestinian state if Israel does not take concrete steps to ease suffering in Gaza and reach a ceasefire in its nearly two-year war with Hamas.

In a cabinet meeting on the Gaza conflict, Starmer stated the UK would support Palestinian statehood ahead of the United Nations General Assembly if Israel fails to meet certain conditions.

Detailed Explanation:

United Kingdom (UK) Prime Minister Keir Starmer has announced that Britain may recognise a Palestinian state if Israel does not take concrete steps to ease suffering in Gaza and reach a ceasefire in its nearly two-year war with Hamas.

In a cabinet meeting on the Gaza conflict, Starmer stated the UK would support Palestinian statehood ahead of the United Nations General Assembly, if Israel fails to meet certain conditions.

The UK’s conditions for recognising Palestine include:

Ending military operations in Gaza.

Halting annexation plans in the West Bank.

Committing to a peace process based on a two-state solution.

About 140 countries already recognise a Palestinian state.

France recently pledged to support Palestinian statehood at the same upcoming UN meeting.

12) Answer: C

Short Explanation:

Bharat Sanchar Nigam Limited (BSNL) and Numaligarh Refinery Limited (NRL) signed a landmark Memorandum of Understanding (MoU) at the Industry 4.0 Workshop for CPSEs organized by the Ministry of Finance in Guwahati.

Under this MoU, BSNL and NRL will deploy India’s first 5G CNPN in the refinery sector, providing secure, ultra-reliable, real-time industrial connectivity using indigenous 5G infrastructure.

Detailed Explanation:

Bharat Sanchar Nigam Limited (BSNL) and Numaligarh Refinery Limited (NRL) signed a landmark Memorandum of Understanding (MoU) at the Industry 4.0 Workshop for CPSEs organized by the Ministry of Finance in Guwahati.

The workshop included senior officials such as the Secretary, Department of Public Enterprises (DPE), CMD NRL, Director (Enterprise Business) BSNL, and others from CPSEs and the Ministry of Finance.

Discussions focused on enabling Central Public Sector Enterprises (CPSEs) to adopt Industry 4.0 technologies, including:

5G Captive Non-Public Network (CNPN)

Digital Twins

3D Printing with AI

Virtual Formulation

AR/VR/MR

Internet of Things (IoT)

Big Data Analytics

Under this MoU, BSNL and NRL will deploy India’s first 5G CNPN in the refinery sector, providing secure, ultra-reliable, real-time industrial connectivity using indigenous 5G infrastructure.

13) Answer: B

Short Explanation:

The Indian Navy’s Eastern Fleet, including INS Delhi, INS Shakti, and INS Kiltan, arrived in Manila, Philippines, reaffirming maritime ties and commitment to the Indo-Pacific region.

The fleet is commanded by Rear Admiral Susheel Menon, Flag Officer Commanding Eastern Fleet (FOCEF).

Detailed Explanation:

The Indian Navy’s Eastern Fleet, including INS Delhi, INS Shakti, and INS Kiltan, arrived in Manila, Philippines, reaffirming maritime ties and commitment to the Indo-Pacific region.

The fleet is commanded by Rear Admiral Susheel Menon, Flag Officer Commanding Eastern Fleet (FOCEF).

The ships were welcomed by the Philippine Navy personnel, marking a significant step in strengthening bilateral naval partnerships.

The visit promotes understanding, trust, and cooperation between the two navies, showcasing India’s maritime outreach in South East Asia.

A bilateral maritime exercise will be conducted, focusing on:Joint manoeuvres, Communication protocols, Enhancing preparedness, mutual trust, and operational synergy.

14) Answer: D

Short Explanation:

Brightcom Group Limited, a digital technologies company, has forayed into aerospace intelligence and autonomous aerial defence software.

The new division’s focus areas include:

AI-powered autonomous flight systems for Unmanned Aerial Vehicles (UAVs).

Real-time threat detection and response algorithms.

Cybersecurity architectures tailored for aerial platforms.

Detailed Explanation:

Brightcom Group Limited, a digital technologies company, has forayed into aerospace intelligence and autonomous aerial defence software.

The company will establish a dedicated division to focus on this new business area.

The new division’s focus areas include:

AI-powered autonomous flight systems for Unmanned Aerial Vehicles (UAVs).

Real-time threat detection and response algorithms.

Cybersecurity architectures tailored for aerial platforms.

Suresh Reddy, Chairman and Managing Director of Brightcom, highlighted this as a significant milestone aligning with the company’s expertise in data-driven decision-making, AI, and Machine Learning (ML).

The move aims to leverage Brightcom’s relationships and technological innovation capabilities to address the evolving aerospace and defence market needs.

The proposal for this new division will be presented at the company’s upcoming board meeting for approval.

Brightcom plans to assign a name and a leadership team for this division.

The initiative reflects a paradigm shift in global defence, with AI-driven aerospace intelligence and autonomous systems reshaping how nations secure their airspace and borders.

15) Answer: B

Short Explanation:

An international team of four astronauts aboard a SpaceX Crew Dragon capsule docked successfully with the International Space Station (ISS) over the southeast Pacific Ocean.

Unique cargo includes Armenian pomegranate seeds to study the impact of microgravity on crop growth compared to Earth controls.

Detailed Explanation:

An international team of four astronauts aboard a SpaceX Crew Dragon capsule docked successfully with the International Space Station (ISS) over the southeast Pacific Ocean.

The astronauts are:

American: Zena Cardman and Mike Fincke

Japanese: Kimiya Yui

Russian (Roscosmos): Oleg Platonov

They launched from Kennedy Space Center, Florida with the capsule atop a Falcon 9 rocket.

This mission is the 11th crew rotation under NASA’s Commercial Crew Program, which partners with private industry to succeed the Space Shuttle era.

The Crew-11 astronauts will conduct six-month mission activities on the ISS, including simulating Moon landing scenarios near the lunar South Pole as part of the US-led Artemis program.

Experiments will include testing how gravity shifts affect piloting of spacecraft and lunar landers using handheld controllers and multiple display screens.

The ISS, continuously inhabited since 2000, serves as a testbed for deep space exploration research, including eventual Mars missions.

Unique cargo includes Armenian pomegranate seeds to study the impact of microgravity on crop growth compared to Earth controls.

The ISS is scheduled to be decommissioned after 2030, with its orbit lowered to burn up over Point Nemo in the Pacific Ocean, a designated spacecraft graveyard.

16) Answer: B

The Indian Space Research Organisation (ISRO) plans to launch its first LVM3 launch vehicle equipped with a semi-cryogenic propulsion stage in 2027.

The power head tests on the semi-cryogenic engine are progressing successfully, with 5-6 tests completed.

The launch target is set for the first quarter of 2027.

The LVM3 (formerly GSLV Mk III) is ISRO’s most powerful rocket, first flown experimentally in December 2014.

The new semi-cryogenic stage will replace the existing L110 core stage which uses liquid propellant, with a stage that uses refined kerosene and liquid oxygen (LOX).

17) Answer: B

M.K. Sanoo, distinguished Malayalam critic, biographer, orator, retired professor, and former member of the Kerala Legislative Assembly passed away at the age of 96.

Born on October 27, 1928, at Thumpoly, Alappuzha district, Kerala (erstwhile Travancore Kingdom).

Influenced early by Kerala’s renaissance, and by literary figures Kumaran Asan and Sree Narayana Guru.

Politically, he was elected as a Left-backed Independent to the Kerala Legislative Assembly but had early conflicts with Left student leaders during his college days at S.D. College, Alappuzha.

Known for his oratory skills, though not formally trained; his first notable speech in 1947 opposed Travancore Diwan C.P. Ramaswamy Iyer’s decision not to join the Indian Union.

18) Answer: C

About Odisha:

Chief Minister: Mohan Charan Majhi

Governor: Kambhampati Hari Babu

Capital: Bhubaneswar

National Parks: Simlipal National Park, Bhitarkanika National Park

Wildlife Sanctuaries: Chandaka Wildlife Sanctuary, Nandankanan Zoological Park, Kuldiha Wildlife Sanctuary, Debrigarh Wildlife Sanctuary, Kotagarh Wildlife Sanctuary, Lakhari Valley Wildlife Sanctuary, Baisipalli Wildlife Sanctuary

19) Answer: B

The first Indicash ATM was inaugurated in Chandrapada, a remote village in Thane district, Maharashtra, in line with the Reserve Bank of India's (RBI) objective to accelerate growth and enhance ATM penetration across the country.

20) Answer: D

The Central Government's Monetary Policy Committee (MPC), established under Section 45ZB, determines the policy interest rate required to meet the inflation target.