Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 08th February 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) On February 2025, the Monetary Policy Committee (MPC) revised the repo rate for the first time in two years. Which of the following correctly matches the latest RBI monetary policy decisions?

(a) Repo rate: 6.50%, GDP Growth Projection: 6.7%, Inflation Forecast: 4.5%

(b) Repo rate: 6.25%, GDP Growth Projection: 6.7%, Inflation Forecast: 4.2%

(c) Repo rate: 6.00%, GDP Growth Projection: 7.0%, Inflation Forecast: 4.2%

(d) Repo rate: 6.25%, GDP Growth Projection: 6.5%, Inflation Forecast: 4.2%

(e) Repo rate: 6.50%, GDP Growth Projection: 6.7%, Inflation Forecast: 4.2%

2) Recently (Feb’25), the Insolvency and Bankruptcy Board of India (IBBI) has suggested a framework to enhance the CIRP for related entities. What does CIRP stand for in the context of IBBI regulations?

(a) Corporate Investment and Recovery Process

(b) Corporate Insolvency and Restructuring Plan

(c) Corporate Insolvency Resolution Process

(d) Credit Insolvency and Resolution Procedure

(e) Company Insolvency and Recovery Plan

3) Who is heading the RBI committee responsible for evaluating applications for a universal bank license?

(a) Shaktikanta Das

(b) Urjit Patel

(c) MK Jain

(d) Nandan Nilekani

(e) Viral Acharya

4) Which Indian bank is celebrating its 89th Foundation Day on February 10, 2025?

(a) Punjab National Bank

(b) Bank of Baroda

(c) Indian Overseas Bank

(d) Canara Bank

(e) Union Bank of India

5) Which company has signed an MoU with Bank of Baroda to finance residential rooftop solar systems?

(a) Adani Green Energy

(b) Tata Power Renewable Energy Limited (TPREL)

(c) ReNew Power

(d) NTPC Limited

(e) Indian Oil Corporation

6) What is the projected market value of AI in Audit by 2033, according to the ‘Global AI in Audit’ report?

(a) USD 5.2 billion\

(b) USD 8.9 billion

(c) USD 11.7 billion

(d) USD 15.4 billion

(e) USD 20.1 billion

7) How many countries are included in the World Bank’s Logistics Performance Index (LPI)?

(a) 100

(b) 125

(c) 150

(d) 139

(e) 175

8) What is the total number of commodities now tradable on e-NAM after the recent expansion?

(a) 200

(b) 231

(c) 221

(d) 211

(e) 250

9) Which international body did the United States withdraw from through an executive order signed by President Donald Trump?

(a) United Nations Security Council (UNSC)

(b) World Health Organization (WHO)

(c) United Nations Human Rights Council (UNHRC)

(d) International Monetary Fund (IMF)

(e) World Trade Organization (WTO)

10) What is the key demand of the Odisha government to the 16th Finance Commission regarding its share in central taxes?

(a) Increase from 41% to 45%

(b) Increase from 41% to 50%

(c) Decrease from 41% to 35%

(d) Fixed at 42% for all states

(e) Allocation based on per capita income

11) Where has the Central Zoo Authority (CZA) approved the establishment of a white tiger breeding centre?

(a) Kanha National Park, Madhya Pradesh

(b) Ranthambore, Rajasthan

(c) Rewa, Madhya Pradesh

(d) Sundarbans, West Bengal

(e) Jim Corbett National Park, Uttarakhand

12) For how long had Zomato been internally using the name “Eternal” before officially announcing the rebranding?

(a) 6 months

(b) 1 year

(c) 5 years

(d) 3 years

(e) 2 years

13) Which two companies have signed contracts with the Defence Ministry for ammunition procurement?

(a) Bharat Dynamics Limited and Larsen & Toubro

(b) Economic Explosives Limited and Munitions India Limited

(c) Hindustan Aeronautics Limited and Tata Advanced Systems

(d) Bharat Forge and Ordnance Factory Board

(e) DRDO and BEL

14) What is the name of the robot that will be part of India’s uncrewed Gaganyaan mission?

(a) Vikram

(b) Vyommitra

(c) Pragyan

(d) Pioneer

(e) Agni

15) What is the total capacity of the renewable energy project CleanMax is developing for Amazon?

(a) 100 MW

(b) 75 MW

(c) 150 MW

(d) 250 MW

(e) 200 MW

16) Who won the gold medal in the men’s 50m rifle 3 positions event at the National Games?

(a) Swapnil Kumar

(b) Aishwarya Pratap Singh Tomar

(c) Niraj Kumar

(d) Anjum Moudgil

(e) Abhinav Bindra

17) Which Indian cricketer has been nominated for the ICC Men’s Player of the Month award for January 2025?

(a) Jasprit Bumrah

(b) Ravindra Jadeja

(c) Varun Chakravarthy

(d) Rohit Sharma

(e) Suryakumar Yadav

18) Who officially launched the book "Hearts and Heroes: Lives that Shaped Us"?

(a) Farooq Abdullah

(b) Manoj Sinha

(c) Omar Abdullah

(d) Mehbooba Mufti

(e) Rajnath Singh

19) Who is the Governor of Odisha (as of 2025)?

(a) Ganeshi Lal

(b) Ramesh Bais

(c) Hari Babu Kambhampati

(d) Arif Mohammed Khan

(e) Anusuiya Uikey

20) Who currently serves as the 11th United Nations High Commissioner for Refugees (UNHCR)?

(a) António Guterres

(b) Michelle Bachelet

(c) Volker Türk

(d) Filippo Grandi

(e) Audrey Azoulay

Answers :

1) Answer: B

Short Explanation:

The 6 Member Monetary Policy Committee (MPC) revised the repo rate for the first time in two years, unanimously voting for a 25 basis points (bps) cut from 6.50% to 6.25%.

GDP growth projection (2025-26): 6.7%, driven by consumption and investment.

Inflation forecast (2025-26): 4.2%, barring major shocks.

Standing Deposit Facility (SDF) rate: 6.00%

Marginal Standing Facility (MSF) rate & Bank Rate: 6.50%

Detailed Explanation:

The 6 Member Monetary Policy Committee (MPC) revised the repo rate for the first time in two years, unanimously voting for a 25 basis points (bps) cut from 6.50% to 6.25%.

The MPC held its 53rd meeting from February 5 to 7, 2025 under the chairmanship of Shri Sanjay Malhotra.

The MPC’s meeting marked the final policy review for FY25 and was the first under new RBI Governor Sanjay Malhotra (26^th Governor of RBI), who assumed charge on December 11, 2024.

The minutes of the MPC’s meeting will be published on February 21, 2025.

The next meeting of the MPC is scheduled for April 7 to 9, 2025.

Key Highlights of RBI’s MPC Meeting (February 2025):

Repo rate cut: Reduced by 25 bps to 6.25% to stimulate economic growth.

GDP growth projection (2025-26): 6.7%, driven by consumption and investment.

Inflation forecast (2025-26): 4.2%, barring major shocks.

Standing Deposit Facility (SDF) rate: 6.00%

Marginal Standing Facility (MSF) rate & Bank Rate: 6.50%

2) Answer: C

Short Explanation:

The Insolvency and Bankruptcy Board of India (IBBI) has proposed a mechanism to improve the Corporate Insolvency Resolution Process (CIRP) for interconnected entities.

Currently, the lack of a structured approach for handling multiple related entities undergoing CIRP simultaneously leads to inefficiencies, increased costs, and conflicts.

Detailed Explanation:

The Insolvency and Bankruptcy Board of India (IBBI) has proposed a mechanism to improve the Corporate Insolvency Resolution Process (CIRP) for interconnected entities.

Currently, the lack of a structured approach for handling multiple related entities undergoing CIRP simultaneously leads to inefficiencies, increased costs, and conflicts.

The IBBI's discussion paper proposes several amendments, including:

Joint hearings: For related entities undergoing CIRP.

Appointment of a common resolution professional: To oversee the CIRP of interconnected entities.

Information-sharing protocols: To facilitate better coordination and transparency.

Coordinated timelines: To streamline the process and improve efficiency.

This initiative is seen as a "mini group insolvency" mechanism, paving the way for a more comprehensive group insolvency framework under the Insolvency and Bankruptcy Code (IBC).

3) Answer: C

Short Explanation:

Ujjivan Small Finance Bank (SFB) has applied to the Reserve Bank of India (RBI) for a universal bank license.

The RBI has recently established a committee, headed by former Deputy Governor MK Jain, to evaluate such applications.

Detailed Explanation:

Ujjivan Small Finance Bank (SFB) has applied to the Reserve Bank of India (RBI) for a universal bank license.

This move aims to broaden the financial services Ujjivan can offer its customers.

The RBI has recently established a committee, headed by former Deputy Governor MK Jain, to evaluate such applications.

The RBI's "Guidelines for ‘on-tap’ Licensing of SFBs in Private Sector" outlines the criteria for SFBs transitioning to universal banks.

A minimum net worth of ₹1,000 crore.

Scheduled status and a satisfactory performance record for at least five years.

4) Answer: C

Short Explanation:

Indian Overseas Bank (IOB) is celebrating its 89th Foundation Day on February 10, 2025, and has announced its commitment to environmental sustainability by joining the Partnership for Carbon Accounting Financials (PCAF).

Detailed Explanation:

Indian Overseas Bank (IOB) is celebrating its 89th Foundation Day on February 10, 2025, and has announced its commitment to environmental sustainability by joining the Partnership for Carbon Accounting Financials (PCAF).

IOB is one of the early adopters in the Indian banking sector to join this global initiative, reinforcing its dedication to combating climate change and promoting responsible banking.

The PCAF is a globally recognized collaboration of financial institutions working to harmonize the measurement and disclosure of greenhouse gas (GHG) emissions associated with loans and investments.

Strengthen its role in India’s net-zero journey, supporting the nation’s commitment to achieving carbon neutrality by 2070, as pledged at the COP26 summit.

5) Answer: B

Short Explanation:

Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with Bank of Baroda for financing residential rooftop solar systems under the Pradhan Mantri Surya Ghar Yojana (PMSGY).

Loans up to Rs 600,000 at interest rates starting from 7% per annum with fixed and floating options.

Detailed Explanation:

Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with Bank of Baroda for financing residential rooftop solar systems under the Pradhan Mantri Surya Ghar Yojana (PMSGY).

Loans up to Rs 600,000 at interest rates starting from 7% per annum with fixed and floating options.

Loans of up to Rs 200,000 for rooftop solar systems of up to 3 kW with minimal documentation and 10% margin.

Loans of up to Rs 600,000 for systems between 3 kW and 10 kW with 20% margin.

Loans are collateral-free with a flexible repayment tenure of up to 10 years.

Bank of Baroda home loan customers will have interest rates ranging from 9.15% to 11% per annum.

6) Answer: C

Short Explanation:

Poonawalla Fincorp collaborates with ServiceNow to implement AI-powered solutions for audit and governance.

With the global AI in Audit market projected to reach USD 11.7 billion by 2033 at a CAGR of 27.9%, as mentioned in the market.us ‘Global AI in Audit’ report , many attribute this growth to GenAI’s ability to pinpoint high-risk areas and detect anomalies, enabling a sharper focus on critical issues that might otherwise go unnoticed.

Detailed Explanation:

Poonawalla Fincorp collaborates with ServiceNow to implement AI-powered solutions for audit and governance.

Aims to enhance efficiency, automation, and compliance in operations.

With the global AI in Audit market projected to reach USD 11.7 billion by 2033 at a CAGR of 27.9%, as mentioned in the market.us ‘Global AI in Audit’ report , many attribute this growth to GenAI’s ability to pinpoint high-risk areas and detect anomalies, enabling a sharper focus on critical issues that might otherwise go unnoticed.

Integrating ServiceNow’s AI capabilities to streamline internal audits and strengthen the risk management framework.

Generative AI improves accuracy and reliability in audits, analyses large datasets, and generates content aligned with existing patterns.

7) Answer: D

Short Explanation:

India rapidly advances its logistics infrastructure through key initiatives like PM Gati Shakti and the National Logistics Policy (NLP).

It aims to secure a spot in the top 25 of the World Bank’s Logistics Performance Index (LPI) by 2030.

Currently ranked 38th out of 139 nations, India is witnessing multi-modal logistics transformation and policy-driven advancements to become a global logistics hub

Detailed Explanation:

India rapidly advances its logistics infrastructure through key initiatives like PM Gati Shakti and the National Logistics Policy (NLP).

It aims to secure a spot in the top 25 of the World Bank’s Logistics Performance Index (LPI) by 2030.

Currently ranked 38th out of 139 nations, India is witnessing multi-modal logistics transformation and policy-driven advancements to become a global logistics hub

Projected to surpass Japan by 2026 and become the 4th largest economy.

LogiMAT India 2025 (Feb 13-15, Mumbai) to showcase the latest logistics innovations.

8) Answer: B

Short Explanation:

The Department of Agriculture and Farmers’ Welfare, Government of India, has expanded the scope of trade under e-NAM (National Agricultural Market) by adding 10 more agricultural commodities.

Total commodities on e-NAM: Increased from 221 to 231

Approval: Given by Union Minister of Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan.

Detailed Explanation:

The Department of Agriculture and Farmers’ Welfare, Government of India, has expanded the scope of trade under e-NAM (National Agricultural Market) by adding 10 more agricultural commodities.

Total commodities on e-NAM: Increased from 221 to 231

Approval: Given by Union Minister of Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan.

Newly Added Commodities on e-NAM

9) Answer: C

Short Explanation:

United States President Donald Trump signed an executive order to withdraw the United States from the United Nations Human Rights Council (UNHRC), citing unethical practices by certain "outlier" countries within the UN.

Detailed Explanation:

United States President Donald Trump signed an executive order to withdraw the United States from the United Nations Human Rights Council (UNHRC), citing unethical practices by certain "outlier" countries within the UN.

He criticized the disproportionate financial burden on the U.S., stating that other nations exploit the UN system for their self-interest.

The executive order also halts U.S. funding for the United Nations Relief and Works Agency (UNRWA), the primary UN body providing aid to Palestinian refugees.

10) Answer: B

Short Explanation:

The Odisha government submitted a demand before the 16th Finance Commission to increase the states’ share in central taxes from 41% to 50%.

Additionally, it sought 100% funding of the State Disaster Response Fund (SDRF) by the Centre.

Detailed Explanation:

The Odisha government submitted a demand before the 16th Finance Commission to increase the states’ share in central taxes to 50%.

Additionally, it sought 100% funding of the State Disaster Response Fund (SDRF) by the Centre.

Currently, an 8-member team of the 16th Finance Commission, headed by Dr. Arvind Panagariya, is on a four-day visit to Odisha, holding discussions with state government officials and political parties regarding the state’s demands and requirements.

The demand includes:

₹9.88 trillion for pre-devolution revenue deficit.

₹1.10 trillion for state-specific bodies.

₹1.00 trillion for local body grants.

₹31,004 crore for the State Disaster Response Fund (SDRF).

₹29,252 crore for the State Disaster Mitigation Fund.

11) Answer: C

Short Explanation:

The Central Zoo Authority (CZA) has granted approval for the establishment of a white tiger breeding centre in Rewa district, Madhya Pradesh.

The centre will be set up in Govindgarh, aligning with Prime Minister Narendra Modi’s vision for environmental conservation and sustainable development.

Rewa holds historical significance in white tiger conservation, as India’s first white tiger, Mohan, was discovered there in 1951.

Detailed Explanation:

The Central Zoo Authority (CZA) has granted approval for the establishment of a white tiger breeding centre in Rewa district, Madhya Pradesh.

The centre will be set up in Govindgarh, aligning with Prime Minister Narendra Modi’s vision for environmental conservation and sustainable development.

Rewa holds historical significance in white tiger conservation, as India’s first white tiger, Mohan, was discovered there in 1951.

The project aims to preserve this legacy while strengthening biodiversity and conservation efforts.

The breeding centre is a key component of the revised master plan for the Maharaja Martand Singh Judeo White Tiger Safari and Zoo in Mukundpur.

12) Answer: E

Short Explanation:

Food and delivery giant Zomato has officially rebranded itself as “Eternal”, effective February 6, 2025.

This move signifies a major corporate shift, consolidating its diverse business verticals under one umbrella while continuing to operate its core food delivery service under the Zomato brand.

Renaming Decision: Zomato has been internally using the name “Eternal” for over two years before officially announcing the change.

Detailed Explanation:

Food and delivery giant Zomato has officially rebranded itself as “Eternal”, effective February 6, 2025.

This move signifies a major corporate shift, consolidating its diverse business verticals under one umbrella while continuing to operate its core food delivery service under the Zomato brand.

Renaming Decision: Zomato has been internally using the name “Eternal” for over two years before officially announcing the change.

Expansion Beyond Food Delivery: The company now operates across multiple sectors, including quick commerce, B2B restaurant supplies, and live events.

Reason for Rebranding: The company’s growth and diversification made a unified brand identity necessary for future expansion.

Strategic Importance: The rebranding aligns with long-term growth strategies and enhances investor confidence.

13) Answer: B

Short Explanation:

The Defence Ministry has signed two contracts worth ₹10,147 crore for procuring ammunition to enhance the army’s firepower.

The deals, aimed at boosting self-reliance in defence manufacturing, were signed with:

Economic Explosives Limited, Nagpur

Munitions India Limited, Pune

Detailed Explanation:

The Defence Ministry has signed two contracts worth ₹10,147 crore for procuring ammunition to enhance the army’s firepower.

The deals, aimed at boosting self-reliance in defence manufacturing, were signed with:

Economic Explosives Limited, Nagpur

Munitions India Limited, Pune

The procurement includes area denial munition and enhanced range rockets for the Pinaka multi-launcher rocket system.

The Pinaka rocket system was among the weapons showcased at the 76th Republic Day parade.

The area denial munition features a specialised warhead designed to target mechanised forces, vehicles, and personnel, denying specific areas to the enemy.

The enhanced range rockets can strike deep into enemy territory with precision and lethality.

The contracts mark a significant step in the modernisation of artillery rocket regiments.

Munitions India Limited was formed from the corporatisation of the Ordnance Factory Board in 2021 to improve efficiency and competitiveness in defence manufacturing

14) Answer: B

Short Explanation:

Gaganyaan Mission: India’s first crewed space mission will send astronauts to low-Earth orbit next year.

Samudrayaan Mission (2026): India plans to launch Samudrayaan to explore the seabed at depths up to 6,000 meters, with three scientists in a submersible.

Uncrewed Gaganyaan Mission: India will conduct an uncrewed Gaganyaan mission this year with a robot named Vyommitra.

Detailed Explanation:

Gaganyaan Mission: India’s first crewed space mission will send astronauts to low-Earth orbit next year.

Samudrayaan Mission (2026): India plans to launch Samudrayaan to explore the seabed at depths up to 6,000 meters, with three scientists in a submersible.

Uncrewed Gaganyaan Mission: India will conduct an uncrewed Gaganyaan mission this year with a robot named Vyommitra.

India is building a 3rd launch pad for heavier rockets and expanding with a new launch site in Tamil Nadu’s Tuticorin district for small satellites.

India’s space economy is valued at $8 billion and is projected to reach $44 billion in the next decade.

15) Answer: A

Short Explanation:

CleanMax, a leading renewable energy provider, has signed a Power Purchase Agreement (PPA) with Amazon to develop a 100 MW renewable energy project in India.

Detailed Explanation:

CleanMax, a leading renewable energy provider, has signed a Power Purchase Agreement (PPA) with Amazon to develop a 100 MW renewable energy project in India.

The Brookfield-backed company will develop and operate a wind farm, contributing to Amazon’s sustainability goals and supporting India's transition to clean energy.

Capacity: 100 MW wind energy project.

Operational Timeline: Expected to be functional by Q2 2026.

Electricity Generation: 355 million kWh annually.

CO₂ Offset: Estimated 252,000 tons per year, equivalent to planting 14.8 million trees.

16) Answer: C

Short Explanation:

Indian Navy’s Niraj Kumar stunned Paris Olympics bronze medallist Swapnil Kumar and Aishwarya Pratap Singh Tomar to win gold in the men’s 50m rifle 3 positions event at the National Games.

Detailed Explanation:

Indian Navy’s Niraj Kumar stunned Paris Olympics bronze medallist Swapnil Kumar and Aishwarya Pratap Singh Tomar to win gold in the men’s 50m rifle 3 positions event at the National Games.

Men’s 50m Rifle 3 Positions Event

Gold: Niraj Kumar (Services Sports Control Board - SSCB) – 464.1 points

Silver: Aishwarya Pratap Singh Tomar (Madhya Pradesh) – 462.4 points

Bronze: Swapnil Kumar (Maharashtra) – 447.7 points

Training: Niraj trained at the Elite Shooting Academy, Padukone Dravid Centre for Sports Excellence, Bangalore.

17) Answer: C

Short Explanation:

Indian spinner Varun Chakravarthy has been nominated for the ICC Men's Player of the Month award for January 2025 following his outstanding performance in the T20I series against England.

Detailed Explanation:

Indian spinner Varun Chakravarthy has been nominated for the ICC Men's Player of the Month award for January 2025 following his outstanding performance in the T20I series against England.

Men’s Category Nominations

Varun Chakravarthy (India)

Jomel Warrican (West Indies)

Noman Ali (Pakistan)

Women’s Category Nomination

Gongadi Trisha (India)

18) Answer: C

Short Explanation:

Chief Minister of J&K Omar Abdullah officially released the book "Hearts and Heroes: Lives that Shaped Us", authored by Kulbhushan Kumar, a JKAS officer currently serving as Director of Finance in Disaster Management, Relief & Rehabilitation Department.

Detailed Explanation:

Chief Minister of J&K Omar Abdullah officially released the book "Hearts and Heroes: Lives that Shaped Us", authored by Kulbhushan Kumar, a JKAS officer currently serving as Director of Finance in Disaster Management, Relief & Rehabilitation Department.

The book launch event took place at the Civil Secretariat in Jammu, attended by colleagues and well-wishers of the author.

Theme & Content:

A poetic tribute to visionaries, leaders, and unsung heroes who have significantly impacted society.

Focuses on love, kindness, and determination, drawing inspiration from global icons.

19) Answer: C

About Odisha:

Chief Minister: Mohan Charan Majhi

Governor: Hari Babu Kambhampati

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

20) Answer: D

About UNHRC :

The UNHRC, a 47-member body, meets annually in Geneva, Switzerland, to address global human rights issues.

Established in 2006, it serves as a platform for discussions among UN officials, member states, and experts.

The UN Human Rights Office is headquartered in Geneva, Switzerland.

Filippo Grandi currently serves as the 11th United Nations High Commissioner for Refugees (UNHCR).