Daily Current Affairs Quiz - 05th June 2025
Jun 05 2025
Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 05th June 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.
1) What is the total amount approved by the Asian Development Bank (ADB) for Pakistan to improve fiscal sustainability and public financial management?
(a) $500 million
(b) $1.2 billion
(c) $800 million
(d) $1 billion
(e) $600 million
2) From which date will Canara Bank’s waiver on minimum balance penalties for Savings Bank accounts be effective?
(a) June 1, 2025
(b) May 1, 2025
(c) July 1, 2025
(d) April 15, 2025
(e) August 1, 2025
3) What is the name of the new wholly owned subsidiary incorporated by Paytm Cloud Technologies Limited in Singapore?
(a) Paytm Fintech Singapore Pvt. Ltd.
(b) One97 Singapore Financial Ltd.
(c) Paytm Singapore Private Limited
(d) Paytm International Services Ltd.
(e) Paytm Global Ventures
4) Recently, HDB Financial Services,an arm of HDFC Bank, received approval from the Securities and Exchange Board of India (SEBI) to launch one of the largest Initial Public Offerings (IPOs) in the NBFC sector. What is the total estimated size of the HDB Financial Services IPO?
(a) ₹8,500 crore
(b) ₹12,500 crore
(c) ₹10,500 crore
(d) ₹11,000 crore
(e) ₹9,000 crore
5) What is UBS’s revised GDP growth forecast for India for FY26?
(a) 6.4%
(b) 6.2%
(c) 6.7%
(d) 7.0%
(e) 5.9%
6) What is the projected GDP growth for India in FY27 (2026–27), according to the OECD?
(a) 6.6%
(b) 6.3%
(c) 6.5%
(d) 6.4%
(e) 6.2%
7) According to data for FY25, how much of India’s total petroleum product export value ($22.7 billion) went to the Netherlands?
(a) 42%
(b) 58%
(c) 34%
(d) 51%
(e) 49%
8) What is the current inbound payment limit supported by Wise under the new RBI approval?
(a) INR 25 lakh
(b) INR 15 lakh
(c) INR 10 lakh
(d) INR 5 lakh
(e) INR 1 crore
9) According to the amended Insolvency and Bankruptcy regulations, what new role can interim finance providers take in CoC meetings?
(a) Chairpersons with voting rights
(b) Financial advisors to creditors
(c) Observers without voting rights
(d) External auditors
(e) Lead negotiators
10) How many parts are there in the documentary series ‘RBI Unlocked: Beyond the Rupee’, launched by Reliance’s JioHotstar in collaboration with the Reserve Bank of India’s
(a) Three
(b) Four
(c) Six
(d) Seven
(e) Five
11) Which state saw its MGNREGS funding increase from ₹9,707 crore in FY23 to ₹12,603 crore in FY24 before being reduced in FY25?
(a) Bihar
(b) Maharashtra
(c) Tamil Nadu
(d) Uttar Pradesh
(e) West Bengal
12) For which term was India elected President of the International Institute of Administrative Sciences (IIAS)?
(a) 2024–2027
(b) 2022–2025
(c) 2023–2026
(d) 2026–2029
(e) 2025–2028
13) What percentage of horizontal reservation has the Uttar Pradesh Cabinet approved for former Agniveers in direct police recruitment?
(a) 15%
(b) 20%
(c) 25%
(d) 10%
(e) 30%
14) The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, has acquired 5 acres of land in New Shillong Township to establish its first regional campus outside Delhi. Under which government scheme is the ₹100.95 crore support for the IICA regional campus being provided?
(a) PM GatiShakti
(b) Atmanirbhar Bharat
(c) Startup India
(d) PM-DevINE
(e) Smart Cities Mission
15) Which service feature is introduced in C CARES Version 2.0 to ensure quicker and more transparent processing?
(a) Blockchain-based verification
(b) Physical biometric attendance
(c) AI-powered grievance redressal
(d) Offline manual claim submission
(e) Real-time claim tracking
16) Which of the following countries was not elected as a non-permanent member of the UN Security Council for the 2026–2027 term?
(a) Bahrain
(b) Colombia
(c) Liberia
(d) Algeria
(e) Latvia
17) Recently, Anil Kumble has been appointed as the ambassador of which department for forest and wildlife conservation?
(a) Ministry of Environment, Forest and Climate Change
(b) Karnataka Forest Department
(c) Wildlife Conservation Society of India
(d) Indian Forest Service
(e) National Biodiversity Authority
18) Who has been appointed as the new CEO of Deutsche India, Deutsche Bank’s global capability centre?
(a) Anil Kumble
(b) Sanjay Kumar
(c) V. Srinivas
(d) Gyaneshwar Kumar Singh
(e) Stefan Schaffer
19) Annalena Baerbock, elected as the President of the 80th session of the UN General Assembly, is the ___ woman overall and the first from the Western European group to hold the post.
(a) Third
(b) Sixth
(c) Fourth
(d) Fifth
(e) Seventh
20) Who has been appointed as the new Chief Financial Officer (CFO) of UCO Bank?
(a) Sumit Khandelwal
(b) Sujoy Dutta
(c) V. Srinivas
(d) Anil Kumar
(e) Stefan Sam
21) Which company has renewed its brand partnership with cricketer Rohit Sharma in 2025?
(a) Samsung
(b) TCL India
(c) Sony
(d) LG
(e) Xiaomi
22) What is the projected bilateral trade value between India and the UK by 2030 under the new Free Trade Agreement (FTA)?
(a) $100 billion
(b) $80 billion
(c) $60 billion
(d) $120 billion
(e) $150 billion
23) Which two entities signed an MoU for the construction of India’s first indigenously built Polar Research Vessel (PRV)?
(a) Garden Reach Shipbuilders & Engineers Ltd. (GRSE) and Rolls-Royce
(b) Garden Reach Shipbuilders & Engineers Ltd. (GRSE) and Norway’s Kongsberg
(c) Cochin Shipyard and Norway’s Kongsberg
(d) Mazagon Dock Shipbuilders and UK’s BAE Systems
(e) Larsen & Toubro and Japan’s Mitsubishi Heavy Industries
24) Where did Royal Challengers Bengaluru (RCB) win their first-ever Indian Premier League (IPL) title by defeating Punjab Kings?
(a) Eden Gardens, Kolkata
(b) Wankhede Stadium, Mumbai
(c) MA Chidambaram Stadium, Chennai
(d) Narendra Modi Stadium, Ahmedabad
(e) Rajiv Gandhi International Stadium, Hyderabad
25) Which driver won the 2025 Spanish Grand Prix at the Circuit de Barcelona-Catalunya?
(a) Lewis Hamilton
(b) Max Verstappen
(c) Lando Norris
(d) Oscar Piastri
(e) Charles Leclerc
26) On June 5th, World Environment Day 2025 is observed all over the world. What is the theme of World Environment Day 2025?
(a) Restore Our Earth
(b) Climate Action
(c) Beat Plastic Pollution
(d) Save Our Species
(e) Air Pollution
27) Where is the headquarters of UCO Bank located?
(a) Mumbai
(b) Kolkata
(c) Chennai
(d) New Delhi
(e) Hyderabad
28) The United Nations Security Council has a total of ___ members, including ___ permanent members with veto power.
(a) 10; 5
(b) 15; 5
(c) 20; 10
(d) 15; 10
(e) 25; 5
29) Which country holds the UN Security Council (UNSC) presidency in May 2025?
(a) United States
(b) France
(c) Greece
(d) China
(e) United Kingdom
30) When was the Agneepath Scheme launched by the Union Government of India?
(a) 2022
(b) 2021
(c) 2020
(d) 2023
(e) 2024
Answers :
1) Answer: C
Short Explanation:
The Asian Development Bank (ADB) has approved an $800 million program for Pakistan to strengthen fiscal sustainability and improve public financial management.
Detailed Explanation:
The Asian Development Bank (ADB) has approved an $800 million program for Pakistan to strengthen fiscal sustainability and improve public financial management.
The support is under the Improved Resource Mobilization and Utilization Reform Program, Subprogram 2.
The package includes:
A $300 million policy-based loan.
A $500 million policy-based guarantee (ADB’s first ever), expected to mobilize up to $1 billion from commercial banks.
The program supports reforms in:
Tax policy, tax administration, and compliance.
Public expenditure and cash management.
Digitalization, investment facilitation, and private sector development.
Objectives include reducing Pakistan’s fiscal deficit and public debt, while creating fiscal space for social and development spending.
2) Answer: A
Short Explanation:
Canara Bank has announced the removal of charges for non-maintenance of minimum balance across all types of Savings Bank (SB) accounts.
The policy will be effective from June 1, 2025.
Detailed Explanation:
Canara Bank has announced the removal of charges for non-maintenance of minimum balance across all types of Savings Bank (SB) accounts.
This waiver applies to regular, salary, and Non-Resident Indians (NRI) accounts.
The policy will be effective from June 1, 2025.
Canara Bank is the first major public sector bank to implement a blanket waiver on minimum balance penalties for all SB account categories.
Earlier, account holders had to maintain a specified Average Monthly Balance (AMB) or face penalties.
3) Answer: C
Short Explanation:
Paytm Cloud Technologies Limited (PCTL) incorporated a wholly owned subsidiary named Paytm Singapore Private. Limited (“Paytm Singapore”) on June 3, 2025.
The subsidiary aims to expand and distribute Paytm’s merchant payments and financial services in Singapore.
Detailed Explanation:
Paytm Cloud Technologies Limited (PCTL) incorporated a wholly owned subsidiary named Paytm Singapore Private. Limited (“Paytm Singapore”) on June 3, 2025.
The subsidiary aims to expand and distribute Paytm’s merchant payments and financial services in Singapore.
PCTL’s board approved an investment of SGD 2,50,000 (INR 1.66 crore) for acquiring 25,000 equity shares in Paytm Singapore.
One97 Communications Ltd, Paytm’s parent company, will hold 100% ownership of the subsidiary indirectly through PCTL.
Earlier in January 2025, Paytm announced plans to set up subsidiaries in UAE, Saudi Arabia, and Singapore to explore inorganic expansion, local licenses, strategic investments, and partnerships.
The initial investment planned for each of these overseas units was up to INR 20 crore in multiple tranches.
4) Answer: B
Short Explanation:
HDB Financial Services, a non-banking financial company (NBFC) and arm of HDFC Bank, received approval from Securities and Exchange Board of India (SEBI) to launch one of the largest Initial Public Offerings (IPOs) in the NBFC sector.
The IPO comprises:
₹10,000 crore Offer for Sale (OFS) by HDFC Bank
₹2,500 crore Fresh Issue (note: there is a slight variation mentioned of ₹2,000 crore fresh issue elsewhere)
Total IPO size: ₹12,500 crore
Detailed Explanation:
HDB Financial Services, a non-banking financial company (NBFC) and arm of HDFC Bank, received approval from Securities and Exchange Board of India (SEBI) to launch one of the largest Initial Public Offerings (IPOs) in the NBFC sector.
This IPO is set to be the largest NBFC IPO and the fifth-largest IPO in the domestic market.
The company filed its Draft Red Herring Prospectus (DRHP) with SEBI in October 2024.
The IPO comprises:
₹10,000 crore Offer for Sale (OFS) by HDFC Bank
₹2,500 crore Fresh Issue (note: there is a slight variation mentioned of ₹2,000 crore fresh issue elsewhere)
Total IPO size: ₹12,500 crore
Listing Deadline: HDB Financial Services is mandated to list by September 2025 as per Reserve Bank of India (RBI) regulations for upper layer NBFCs.
Ownership: HDFC Bank currently holds 94.36% stake in HDB Financial Services. Post-IPO, HDB Financial Services will remain a subsidiary of HDFC Bank.
5) Answer: A
Short Explanation:
Swiss brokerage UBS has raised India’s FY26 GDP growth forecast to 6.4%, up from its earlier estimate of 6%.
Detailed Explanation:
Swiss brokerage UBS has raised India’s FY26 GDP growth forecast to 6.4%, up from its earlier estimate of 6%.
This revision highlights that economic momentum is holding up despite the trade war.
As per official data, India’s economic growth slowed to 7.4% in the March 2025 quarter, bringing down the annual growth rate to 6.5% for FY25.
In comparison, India’s GDP growth for FY24 was 9.2%.
UBS’s optimistic outlook for higher growth is based on:
Better-than-expected domestic demand momentum
Likely easing of tariffs on Chinese imports
Hopes of a US-India trade deal
Lower global crude oil prices acting as a tailwind
6) Answer: D
Short Explanation:
The Organisation for Economic Co-operation and Development (OECD) estimates India’s GDP growth at 6.3% in FY26 (2025-26) and 6.4% in FY27 (2026-27).
Detailed Explanation:
The Organisation for Economic Co-operation and Development (OECD) estimates India’s GDP growth at 6.3% in FY26 (2025-26) and 6.4% in FY27 (2026-27).
India and Indonesia are projected to continue experiencing strong and broadly stable economic growth.
Easing monetary policy aiding expansions in both economies.
Higher tariffs in the United States, global trade policy uncertainty, and domestic fiscal policy uncertainty in Indonesia may offset growth.
G20 economies’ headline inflation is projected to moderate from 6.2% in 2024 to 3.6% in 2025 and 3.2% in 2026.
7) Answer: B
Short Explanation:
The Netherlands became India’s largest destination for export of petroleum products in FY23 and consolidated this position in FY25.
In FY25:
The Netherlands accounted for over 20.6% (over a fifth) of India’s petroleum product shipments.
The UAE was the second largest destination with only 10% share.
Out of the total $22.7 billion of India’s petroleum product exports, 58% went to the Netherlands.
Detailed Explanation:
The Netherlands became India’s largest destination for export of petroleum products in FY23 and consolidated this position in FY25.
In FY25:
The Netherlands accounted for over 20.6% (over a fifth) of India’s petroleum product shipments.
The UAE was the second largest destination with only 10% share.
Out of the total $22.7 billion of India’s petroleum product exports, 58% went to the Netherlands.
The Netherlands is:
India’s third largest goods export destination after the US and UAE.
A prime centre for storing petroleum products due to its port infrastructure and strategic location, facilitating shipping to other European countries.
Petroleum product exports from India (in $ billion):
FY20: $41.24 billion
FY21: Decline observed
FY23: Peak year for exports
FY25: Increased to $63.27 billion
8) Answer: A
Short Explanation:
Global FinTech Wise has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border for export transactions.
The new Payment Aggregator licence allows Wise to support higher inbound payment limits up to INR 25 lakh.
Detailed Explanation:
Global FinTech Wise has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border for export transactions.
India accounts for 10% of all money sent from abroad via Wise’s platform, making it a key market for the company.
Wise has expanded its domestic presence by launching a full-stack office in Hyderabad and appointing Smrithi Ravi as the APAC Head of Engineering.
Wise introduced new product features tailored for India, such as receiving international payments in eight major currencies (USD, GBP, EUR, etc.) through its international account details feature.
Wise operates under its own Authorised Dealer II (AD-II) licence, making transactions faster and more cost-effective:
The cost to send INR 1 lakh abroad via Wise is approximately 1.5%.
The new Payment Aggregator licence allows Wise to support higher inbound payment limits up to INR 25 lakh.
9) Answer: C
Short Explanation:
The recently amended Insolvency and Bankruptcy regulations allow part-wise resolution of corporate debtors and enable interim finance providers to attend Committee of Creditors (CoC) meetings as observers without voting rights.
These amendments aim to maximise value and improve efficiency in the debt resolution process.
Detailed Explanation:
The recently amended Insolvency and Bankruptcy regulations allow part-wise resolution of corporate debtors and enable interim finance providers to attend Committee of Creditors (CoC) meetings as observers without voting rights.
These amendments aim to maximise value and improve efficiency in the debt resolution process.
The resolution professional, with CoC approval, can invite expressions of interest (EoI) for resolution plans either for the corporate debtor as a whole or for one or more assets of the corporate debtor.
Concurrent invitations help to:
Reduce timelines for resolution,
Prevent value erosion in visible segments,
Encourage broader investor participation (as stated by the Insolvency and Bankruptcy Board of India (IBBI)).
Interim finance providers can now attend CoC meetings as observers without voting rights, allowing them to gain a better understanding of the debtor’s operational status and make informed funding decisions.
10) Answer: E
Short Explanation:
Reliance’s JioHotstar and the Reserve Bank of India (RBI) launched a five-part documentary series titled ‘RBI Unlocked: Beyond the Rupee’.
The series is produced by Chalkboard Entertainment and commissioned by the RBI to document its 90-year history and create awareness of its functions and roles.
Detailed Explanation:
Reliance’s JioHotstar and the Reserve Bank of India (RBI) launched a five-part documentary series titled ‘RBI Unlocked: Beyond the Rupee’.
The series is produced by Chalkboard Entertainment and commissioned by the RBI to document its 90-year history and create awareness of its functions and roles.
The documentary provides an in-depth look into the RBI’s role in shaping India’s economic journey.
RBI functions highlighted include:
Currency management
Monetary policy
Regulation and supervision of banks and NBFCs
Regulation of currency issuance, interest rates, markets, and payment and settlement systems
Promoting financial inclusion
The series features conversations with key financial leaders, including:
Current and former RBI Governors
Secretary of the Department of Financial Services
Secretary of the Department of Economic Affairs
Economists and industry experts
11) Answer: C
Short Explanation:
The Centre halted MGNREGS funding to West Bengal effective March 9, 2022, under Section 27 of the MGNREG Act due to noncompliance with central directives.
Tamil Nadu: Funding rose from ₹9,707 crore in FY23 to ₹12,603 crore in FY24, before tightening norms reduced its share to ₹7,600 crore in FY25.
Detailed Explanation:
The Centre halted MGNREGS funding to West Bengal effective March 9, 2022, under Section 27 of the MGNREG Act due to noncompliance with central directives.
Consequently, West Bengal missed out on approximately ₹22,000 crore from FY23 to FY25, as these funds were reallocated to Tamil Nadu, Uttar Pradesh, Bihar, and Maharashtra.
Frozen Funds for West Bengal: Release of MGNREGS funds stopped since March 2022, despite the state having received ₹7,508 crore in FY22. No savings occurred in the scheme’s overall outlay, which held steady around ₹86,000–88,000 crore annually.
Tamil Nadu: Funding rose from ₹9,707 crore in FY23 to ₹12,603 crore in FY24, before tightening norms reduced its share to ₹7,600 crore in FY25.
Uttar Pradesh: Increased from ₹8,510 crore in FY22 to ₹10,269 crore in FY23, then declined to ₹9,700 crore in FY25.
Bihar: Grew steadily from ₹5,407 crore in FY22 to over ₹6,700 crore in FY25.
Maharashtra: Saw allocation rise from ₹2,056 crore in FY22 to ₹4,900 crore in FY25.
12) Answer: E
Short Explanation:
In a landmark achievement, India has been elected President of the International Institute of Administrative Sciences (IIAS) for the 2025–2028 term.
Detailed Explanation:
In a landmark achievement, India has been elected President of the International Institute of Administrative Sciences (IIAS) for the 2025–2028 term.
The election, held marks India’s first-ever victory in the 100-year history of the IIAS presidency and the first time the election was conducted through a ballot process.
IIAS is a global federation with 31 Member States, 20 National Sections, and 15 Academic Research Centres, focusing on scientific research in public administration.
India has been a member since 1998, represented by the Department of Administrative Reforms and Public Grievances (DARPG).
It closely collaborates with the United Nations, including participation in CEPA and UNPAN, though it is not a UN-affiliated body.
Nomination: India nominated Shri V. Srinivas, Secretary, DARPG, in November 2024.
13) Answer: B
Short Explanation:
In a significant step to honour and rehabilitate military-trained youth, the Uttar Pradesh Cabinet has approved 20% horizontal reservation for former Agniveers in direct police recruitment.
Announced the policy will be implemented from 2026, aligning with the return of the first Agniveer batch from the Agneepath scheme.
Detailed Explanation:
In a significant step to honour and rehabilitate military-trained youth, the Uttar Pradesh Cabinet has approved 20% horizontal reservation for former Agniveers in direct police recruitment.
Announced the policy will be implemented from 2026, aligning with the return of the first Agniveer batch from the Agneepath scheme.
20% horizontal reservation in recruitment for posts such as Police Constable, PAC, Mounted Constable, and Fireman.
Horizontal reservation means it applies within existing categories (General, SC, ST, OBC).
Ex-Agniveers eligible under this policy must have completed their 4-year tenure under the Agneepath scheme.
3-year age relaxation granted to eligible candidates for recruitment purposes.
About the Agneepath Scheme:
Launched in 2022 by the Union Government.
Youth aged 17.5 to 21 years serve as Agniveers in the Army, Navy, and Air Force for 4 years.
After completion, 25% may be retained in service; the remaining receive a Seva Nidhi exit package.
14) Answer: D
Short Explanation:
The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, has acquired 5 acres of land in New Shillong Township to establish its first regional campus outside Delhi.
The initiative, supported by ₹100.95 crore under the PM-DevINE (Prime Minister’s Development Initiative for North East) scheme, aims to promote inclusive development and institutional presence in the North East.
Detailed Explanation:
The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, has acquired 5 acres of land in New Shillong Township to establish its first regional campus outside Delhi.
The initiative, supported by ₹100.95 crore under the PM-DevINE (Prime Minister’s Development Initiative for North East) scheme, aims to promote inclusive development and institutional presence in the North East.
Campus to be set up in New Shillong Township, within the Knowledge City cluster.
Will be located alongside IIM Shillong, National Law University Meghalaya, and NIFT, promoting academic collaboration.
Upcoming Shillong airport to enhance regional connectivity.
₹100.95 crore allocated under PM-DevINE, a central government initiative focused on North East development.
15) Answer: E
Short Explanation:
Union Minister of Coal and Mines, Shri G. Kishan Reddy launched C CARES Version 2.0, an upgraded digital platform of the Coal Mines Provident Fund Organization (CMPFO).
Introduces real-time claim tracking, ensuring quicker and more transparent PF and pension processing.
Detailed Explanation:
Union Minister of Coal and Mines, Shri G. Kishan Reddy launched C CARES Version 2.0, an upgraded digital platform of the Coal Mines Provident Fund Organization (CMPFO).
Developed by C-DAC with support from SBI, the portal aims to enhance efficiency in Provident Fund (PF) and pension disbursement services for coal workers.
Objective: The platform aims to improve transparency, accountability, and service delivery in PF and pension settlements, aligning with the Digital India initiative and the vision of Minimum Government, Maximum Governance.
Introduces real-time claim tracking, ensuring quicker and more transparent PF and pension processing.
Enables Direct Benefit Transfer (DBT) to workers’ bank accounts, minimizing delays.
Ensures automatic ledger updates based on coal companies' data submissions.
16) Answer: D
Short Explanation:
Bahrain, Colombia, Democratic Republic of the Congo (DRC), Latvia, and Liberia were elected as non-permanent members of the UN Security Council (UNSC) for two-year terms starting January 2026 and ending December 2027.
Detailed Explanation:
Bahrain, Colombia, Democratic Republic of the Congo (DRC), Latvia, and Liberia were elected as non-permanent members of the UN Security Council (UNSC) for two-year terms starting January 2026 and ending December 2027.
They will join the current non-permanent members elected in 2024: Denmark, Greece, Pakistan, Panama, and Somalia, serving through 2026.
The new members will succeed Algeria, Guyana, Republic of Korea, Sierra Leone, and Slovenia, whose terms end in December 2025.
The UN Security Council consists of:
15 members total,
5 permanent members with veto power: China, France, Russia, the United Kingdom, and the United States,
10 non-permanent members elected by the UN General Assembly for staggered two-year terms.
Elections are held annually by secret ballot, with seats allocated by regional groups.
17) Answer: B
Former Indian cricket team captain Anil Kumble has been appointed as the ambassador of the Karnataka Forest Department and for wildlife conservation.
Kumble stated he would work with the department towards the conservation and development of forests and wildlife in Karnataka.
Anil Kumble mentioned that his prior role as Vice-President of the Karnataka Wildlife Board would be helpful in fulfilling his new responsibilities.
18) Answer: E
Short Explanation:
Deutsche Bank appointed Stefan Schaffer as the new CEO of Deutsche India, its global capability centre (GCC).
Schaffer will also serve as Global CIO for Corporate Functions and Head of Global Technology Centres at Deutsche Bank.
Detailed Explanation:
Deutsche Bank appointed Stefan Schaffer as the new CEO of Deutsche India, its global capability centre (GCC).
Schaffer will also serve as Global CIO for Corporate Functions and Head of Global Technology Centres at Deutsche Bank.
Since joining Deutsche Bank in 2020, Stefan has held senior roles in the Technology, Data and Innovation (TDI) division, including:
Head of the Bucharest Technology Center,
President of the Board of Directors in Romania,
Head of Shared Applications and Services
19) Answer: D
Short Explanation:
Annalena Baerbock, former German Foreign Minister, was elected President of the 80th session of the UN General Assembly.
She won 167 votes in a secret ballot, defeating write-in candidate Helga Schmid who got 7 votes; 14 delegations abstained.
Baerbock is the first woman from the Western European group and the fifth woman overall to hold the post.
Detailed Explanation:
Annalena Baerbock, former German Foreign Minister, was elected President of the 80th session of the UN General Assembly.
She won 167 votes in a secret ballot, defeating write-in candidate Helga Schmid who got 7 votes; 14 delegations abstained.
Baerbock is the first woman from the Western European group and the fifth woman overall to hold the post.
At 44 years old, she is one of the youngest leaders to become GA President.
The UN General Assembly presidency rotates among five regional groups.
Her election comes amid global challenges: ongoing conflicts, deadlock in the Security Council, faltering development goals, and the upcoming selection of the next UN Secretary-General.
20) Answer: A
UCO Bank, a state-run bank, has appointed Sumit Khandelwal as its new Chief Financial Officer (CFO) with immediate effect.
Sumit Khandelwal replaces Sujoy Dutta as the bank’s CFO.
Prior to this appointment, Khandelwal served as General Manager and Zonal Head of UCO Bank’s New Delhi zone.
21) Answer: B
Short Explanation:
TCL India has renewed its brand partnership with cricketer Rohit Sharma, who will continue as the brand’s ambassador for a second consecutive year.
Detailed Explanation:
TCL India has renewed its brand partnership with cricketer Rohit Sharma, who will continue as the brand’s ambassador for a second consecutive year.
The collaboration emphasizes TCL’s focus on innovation and performance, reflected in the brand philosophy: “Master the Moment.”
Rohit Sharma is one of India’s most respected cricket players and represents qualities like composure and strategic approach, aligning with TCL’s brand identity.
The partnership aims to strengthen TCL’s presence and outreach in the Indian consumer electronics market.
22) Answer: A
Short Explanation:
The India-UK Free Trade Agreement (FTA), concluded, features a renegotiation clause that allows either country to revisit specific provisions if the other offers more favorable terms to a third nation.
The agreement aims to boost bilateral trade—projected to double from $60 billion in 2024 to $100 billion by 2030—while safeguarding domestic policy space and enabling rapid customs clearance.
Detailed Explanation:
The India-UK Free Trade Agreement (FTA), concluded, features a renegotiation clause that allows either country to revisit specific provisions if the other offers more favorable terms to a third nation.
The agreement aims to boost bilateral trade—projected to double from $60 billion in 2024 to $100 billion by 2030—while safeguarding domestic policy space and enabling rapid customs clearance.
Renegotiation Mechanism:Either party can renegotiate clauses if the other extends better trade terms to a third country, ensuring both sides can keep pace with India’s expanding FTA network (e.g., ongoing US and EU talks).
UK GDP Boost: Estimated £3.3 billion increase by 2035.
Employment Gains in India: Significant growth expected in labour-intensive sectors like textiles, leather, and footwear.
23) Answer: B
Short Explanation:
Union Minister of Ports, Shipping & Waterways Shri Sarbananda Sonowal witnessed the signing of an MoU between Garden Reach Shipbuilders & Engineers Ltd. (GRSE) and Norway’s Kongsberg, paving the way for the construction of India’s first indigenously built Polar Research Vessel (PRV).
Detailed Explanation:
Union Minister of Ports, Shipping & Waterways Shri Sarbananda Sonowal witnessed the signing of an MoU between Garden Reach Shipbuilders & Engineers Ltd. (GRSE) and Norway’s Kongsberg, paving the way for the construction of India’s first indigenously built Polar Research Vessel (PRV).
The PRV, tailored for the National Centre for Polar and Ocean Research (NCPOR), will bolster India’s scientific outreach in polar and southern ocean studies.
Strategic Partnership: GRSE will leverage its shipbuilding expertise, while Kongsberg provides design know-how for the PRV, enhancing India’s ‘Make in India’ credentials in specialized maritime platforms.
Scientific Mission: The vessel will be equipped with state-of-the-art scientific equipment to facilitate deep-sea exploration, marine ecosystem research, and polar climate studies, strengthening India’s research infrastructure.
24) Answer: D
Short Explanation:
In a historic moment for franchise cricket, Royal Challengers Bengaluru (RCB) lifted their first-ever Indian Premier League (IPL) trophy, defeating Punjab Kings by 6 runs in a nail-biting final at the Narendra Modi Stadium, Ahmedabad.
Detailed Explanation:
In a historic moment for franchise cricket, Royal Challengers Bengaluru (RCB) lifted their first-ever Indian Premier League (IPL) trophy, defeating Punjab Kings by 6 runs in a nail-biting final at the Narendra Modi Stadium, Ahmedabad.
The win was an emotional culmination for RCB fans and a fitting tribute to Virat Kohli’s long-standing contributions to the team.
RCB scored 190/9 in 20 overs after being put in to bat.
Top scorers: Virat Kohli (43 runs), Rajat Patidar (26 runs).
Punjab bowlers: Arshdeep Singh and Kyle Jamieson took 3 wickets each.
Punjab Kings managed 184/8 in their 20 overs.
Shashank Singh remained unbeaten with 61 runs.
25) Answer: D
Short Explanation:
Australian Formula One driverOscar Piastri clinched his fifth win of the 2025 season with a commanding performance at the Spanish Grand Prix held at the Circuit de Barcelona-Catalunya.
Detailed Explanation:
Australian Formula One driverOscar Piastri clinched his fifth win of the 2025 season with a commanding performance at the Spanish Grand Prix held at the Circuit de Barcelona-Catalunya.
Driving for McLaren, the 24-year-old started from pole position and dominated the race to outpace teammate Lando Norris, extending his lead in the championship standings.
Piastri secured pole position with the largest qualifying margin of the 2025 season.
He led all practice sessions, showcasing superior pace throughout the weekend.
Delivered a flawless race, maintaining the lead and avoiding any major challenge on track.
26) Answer: C
On June 5th, World Environment Day 2025 is observed all over the world.
World Environment Day is an international day dedicated to raising public awareness about various environmental challenges.
Theme of World Environment Day 2025: Beat Plastic Pollution
27) Answer: B
About UCO Bank :
Founded : 6 January 1943
Headquarters : Kolkata, West Bengal, India
MD &CEO : Ashwani Kumar
28) Answer: B
The UN Security Council consists of:
15 members total,
5 permanent members with veto power: China, France, Russia, the United Kingdom, and the United States,
10 non-permanent members elected by the UN General Assembly for staggered two-year terms.
Elections are held annually by secret ballot, with seats allocated by regional groups.
Candidates need a two-thirds majority vote in the 193-member General Assembly to win.
In the 2025 election, 188 Member States participated; only one round of balloting was required.
29) Answer: C
About UN Security Council (UNSC) :
Formation : 24 October 1945
Headquarters : New York City, United States
Presidency : Greece (May 2025)
30) Answer: A
About the Agneepath Scheme:
Launched in 2022 by the Union Government.
Youth aged 17.5 to 21 years serve as Agniveers in the Army, Navy, and Air Force for 4 years.
After completion, 25% may be retained in service; the remaining receive a Seva Nidhi exit package.
Daily Current Affairs Quiz - 26th June 2025
Jun 26 2025
Daily Current Affairs Quiz - 25th June 2025
Jun 26 2025
Daily Current Affairs 26th June 2025 | Latest News | Download Free PDF
Jun 26 2025
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