Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 09th & 10th 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) Under which act has the Reserve Bank of India (RBI) sanctioned the recent UCB amalgamations?

(a) Banking Regulation Act, 1949

(b) Companies Act, 1956

(c) Reserve Bank of India Act, 1934

(d) Negotiable Instruments Act, 1881

(e) Cooperative Societies Act, 1912

2) Who is leading the RBI working group formed to review trading and settlement timings?

(a) Shaktikanta Das

(b) Michael D. Patra

(c) Radha Shyam Ratho

(d) M. Rajeshwar Rao

(e) T. Rabi Sankar

3) What is the new deadline for the implementation of the Liquidity Coverage Ratio (LCR) and project financing norms?

(a) March 31, 2026

(b) December 31, 2025

(c) March 31, 2025

(d) June 30, 2026

(e) March 31, 2027

4) According to the World Gold Council (WGC) report, how much did India’s gold investment demand reach in 2024?

(a) 185 tonnes

(b) 200 tonnes

(c) 239 tonnes

(d) 260 tonnes

(e) 300 tonnes

5) Why did RBI decide to implement the ‘bank.in’ and ‘fin.in’ domains now?

(a) Due to an increase in AI-driven banking frauds and phishing scams

(b) Because traditional banking is becoming obsolete

(c) To force all banks to migrate their websites immediately

(d) Due to customer demand for a new online banking platform

(e) To compete with private cybersecurity firms

6) What is the name of Rediff.com’s digital payment platform that will now offer UPI services?

(a) Rediff Pay

(b) Infibeam Pay

(c) Rediff Wallet

(d) NPCI Pay

(e) UPI-Rediff

7) When did PhonePe receive final approval from RBI to operate as an Account Aggregator?

(a) January 2023

(b) March 2023

(c) June 2023

(d) October 2023

(e) December 2023

8) What is the primary goal of allowing SEBI-registered non-bank brokers access to NDS-OM?

(a) To improve price volatility

(b) To restrict participation in government securities

(c) To widen market access and improve participation

(d) To encourage only retail investors to invest in government bonds

(e) To allow foreign investors direct access to government securities

9) Which Indian company has approved the incorporation of a wholly owned subsidiary in the United Kingdom?

(a) Life Insurance Corporation of India (LIC)

(b) New India Assurance

(c) General Insurance Corporation of India (GIC Re)

(d) United India Insurance

(e) SBI General Insurance

10) Recently(Feb '25), The BIMSTEC Youth Summit 2025 is scheduled to be held in Gandhinagar, Gujarat, from February 7 to 11, 2025. What is the theme of the BIMSTEC Youth Summit 2025?

(a) "Regional Growth through Digital Innovation"

(b) "Stronger Together: Youth for a Sustainable Future"

(c) "Youth as a Bridge for Intra-BIMSTEC Exchange"

(d) "Future Leaders: Building a New Asia"

(e) "Empowering Young Entrepreneurs in South Asia"

11) Until which year has the Union Cabinet approved the continuation and restructuring of the Skill India Programme (SIP)?

(a) 2025

(b) 2026

(c) 2027

(d) 2028

(e) 2030

12) Which ministry oversees the National Commission for Safai Karamcharis (NCSK)?

(a) Ministry of Housing and Urban Affairs

(b) Ministry of Labour and Employment

(c) Ministry of Social Justice and Empowerment

(d) Ministry of Rural Development

(e) Ministry of Home Affairs

13) Under which model will the Kerala Health System Improvement Programme be implemented by availing a loan of Rs 2,424.28 crore from the World Bank?

(a) Public-Private Partnership (PPP)

(b) Programme for Results (P for R)

(c) National Health Mission (NHM)

(d) Universal Health Coverage (UHC)

(e) Ayushman Bharat Scheme

14) Under which ministry does the Indian Sign Language Research and Training Centre (ISLRTC) operate?

(a) Ministry of Education

(b) Ministry of Culture

(c) Ministry of Social Justice & Empowerment

(d) Ministry of Information & Broadcasting

(e) Ministry of Home Affairs

15) Which Australian cricketer recently announced his retirement from One Day Internationals (ODIs)?

(a) Mitchell Marsh

(b) Pat Cummins

(c) Josh Hazlewood

(d) Marcus Stoinis

(e) David Warner

16) Which team won the Men’s Hockey India League (HIL) 2024-25 title held at Birsa Munda International Hockey Stadium, Rourkela?

(a) Hyderabad Toofans

(b) Shrachi Rarh Bengal Tigers

(c) Mumbai Warriors

(d) Delhi Dynamos

(e) Punjab Strikers

17) According to the ICC Men’s Champions Trophy 2025, which country’s cultural heritage is highlighted in the theme music video of ‘Jeeto Baazi Khel Ke’?

(a) India

(b) Pakistan

(c) Sri Lanka

(d) Bangladesh

(e) United Arab Emirates

18) On which date is World Pulses Day 2025 observed?

(a) January 10

(b) February 10

(c) March 10

(d) April 10

(e) May 10

19) Every year on 10th of February is observed as  International Epilepsy Day. Which two organizations are responsible for initiating International Epilepsy Day?

(a) World Health Organization (WHO) & United Nations (UN)

(b) International Bureau for Epilepsy (IBE) & International League Against Epilepsy (ILAE)

(c) Red Cross & World Medical Association (WMA)

(d) UNICEF & World Bank

(e) National Epilepsy Foundation & World Health Organization (WHO)

20) In which year was National Deworming Day first launched in India?

(a) 2010

(b) 2012

(c) 2015

(d) 2017

(e) 2020

Answers :

1) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) has approved two voluntary amalgamations in the urban co-operative bank (UCB) sector:

The Citizen Co-operative Bank (Vasco-De-Gama, Goa) → Merging with TJSB Sahakari Bank (Thane, Maharashtra).

Pune Commercial Co-operative Bank (Satara, Maharashtra) → Merging with Pimpri Chinchwad Sahakari Bank (Pune, Maharashtra).

The amalgamations have been sanctioned under the Banking Regulation Act, 1949, and will be effective from February 10, 2025.

Detailed Explanation:

The Reserve Bank of India (RBI) has approved two voluntary amalgamations in the urban co-operative bank (UCB) sector:

The Citizen Co-operative Bank (Vasco-De-Gama, Goa) → Merging with TJSB Sahakari Bank (Thane, Maharashtra).

Pune Commercial Co-operative Bank (Satara, Maharashtra) → Merging with Pimpri Chinchwad Sahakari Bank (Pune, Maharashtra).

The amalgamations have been sanctioned under the Banking Regulation Act, 1949, and will be effective from February 10, 2025.

Post-merger, the branches of the Goa-based UCB will function as branches of TJSB Sahakari Bank, and the branches of the Satara-based UCB will function as branches of Pimpri Chinchwad Sahakari Bank.

The number of UCBs surged in the 1990s due to a liberal licensing policy, but many became financially unsound.

As a result, the number of UCBs declined from 1,926 to 1,472 over the last two decades.

156 UCB mergers have occurred since 2004-05, including six in 2023-24:

Three in Maharashtra, two in Telangana, and one in Gujarat.

Maharashtra led in UCB mergers, followed by Gujarat and Andhra Pradesh.

2) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has formed a working group led by Executive Director Radha Shyam Ratho to review trading and settlement timings of financial markets regulated by the RBI, with a report due by April 30, 2025.

The review aims to synchronize market and settlement timings for efficient price discovery and liquidity management, considering technological advancements such as increased electronification of trading, 24×5 forex and derivatives markets, and 24×7 payment systems.

Detailed Explanation:

The Reserve Bank of India (RBI) has formed a working group led by Executive Director Radha Shyam Ratho to review trading and settlement timings of financial markets regulated by the RBI, with a report due by April 30, 2025.

The review aims to synchronize market and settlement timings for efficient price discovery and liquidity management, considering technological advancements such as increased electronification of trading, 24×5 forex and derivatives markets, and 24×7 payment systems.

India’s financial markets currently operate between 9 AM and 5 PM, and the group will assess the impact of these timings on price transmission, liquidity, volatility, and trade distribution.

The working group will analyze cross-country market timings to understand their influence on market development and participation, while identifying potential benefits, costs, and challenges of revising current trading and settlement hours.

3) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) deferred implementation of Liquidity Coverage Ratio (LCR) and project financing norms by a year, new deadline: March 31, 2026.

Decision taken due to concerns that the March 2025 deadline was too soon and could disrupt the financial system.

Detailed Explanation:

The Reserve Bank of India (RBI) deferred implementation of Liquidity Coverage Ratio (LCR) and project financing norms by a year, new deadline: March 31, 2026.

Decision taken due to concerns that the March 2025 deadline was too soon and could disrupt the financial system.

Public and private sector banks had opposed the norms, fearing a liquidity crisis.

New LCR norms would have required banks to divert over ₹4 lakh crore into government bonds instead of lending to businesses and individuals.

RBI consulted banks in January 2025 to assess the impact of LCR changes.

Despite RBI’s variable repo rate auctions, banks faced tight liquidity conditions.

Banks urged the RBI for deferment and alternative measures to manage liquidity impact.

4) Answer: C

Short Explanation:

Gold investments in India surged by 60% in 2024, reaching $18 billion (~₹1.5 lakh crore), compared to 2023, according to a report.

The World Gold Council (WGC) report added that gold investment demand stood at 239 tonnes, marking its highest level since 2013.

This was a 29% increase from the 185 tonnes recorded in 2023.

Detailed Explanation:

Gold investments in India surged by 60% in 2024, reaching $18 billion (~₹1.5 lakh crore), compared to 2023, according to a report.

The World Gold Council (WGC) report added that gold investment demand stood at 239 tonnes, marking its highest level since 2013.

This was a 29% increase from the 185 tonnes recorded in 2023.

Gold investment remained strong in the October-December quarter, with demand reaching 76 tonnes, nearly matching the previous quarter’s performance, the report highlighted.

At 239 tonnes, the country’s gold investment accounted for 20% of the global demand in this category, which stood at 1,180 tonnes in 2024.

Worldwide demand also grew by 25% compared to 945.5 tonnes in 2023.

According to the WGC report, the primary reason behind the surge was the steady rise in gold prices throughout the year.

5) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) launches an exclusive internet domain ‘bank.in’ for registered banks to enhance cybersecurity and prevent phishing scams.

Registration for ‘bank.in’ starts in April 2025.

RBI plans to introduce another dedicated domain, ‘fin.in’, to secure the broader financial sector.

Cybersecurity measures align with RBI’s broader strategy to combat AI-driven frauds, deepfake scams, and advanced malware attacks.

Detailed Explanation:

The Reserve Bank of India (RBI) launches an exclusive internet domain ‘bank.in’ for registered banks to enhance cybersecurity and prevent phishing scams.

Registration for ‘bank.in’ starts in April 2025.

RBI plans to introduce another dedicated domain, ‘fin.in’, to secure the broader financial sector.

‘Bank.in’ will help mitigate risks of fraudulent banking websites that exploit public trust.

RBI to extend Additional Factor of Authentication (AFA) for international digital payments to offshore merchants supporting this feature, adding an extra layer of security.

Cybersecurity measures align with RBI’s broader strategy to combat AI-driven frauds, deepfake scams, and advanced malware attacks.

6) Answer: A

Short Explanation:

Indian fintech company, Infibeam Avenues has achieved a significant milestone through its subsidiary, Rediff.com, which has secured a Third-Party Application Provider (TPAP) license from the National Payments Corporation of India (NPCI) for its digital payment platform, RediffPay.

Detailed Explanation:

Indian fintech company, Infibeam Avenues has achieved a significant milestone through its subsidiary, Rediff.com, which has secured a Third-Party Application Provider (TPAP) license from the National Payments Corporation of India (NPCI) for its digital payment platform, RediffPay.

This move enables RediffPay to offer Unified Payments Interface (UPI) services, marking Infibeam's strategic entry into the consumer-facing digital payments sector.

Definition: A Third-Party Application Provider (TPAP) is a company that offers applications or platforms enabling users to initiate and receive payments via Unified Payments Interface (UPI).

License Approval: NPCI’s approval was confirmed, with Axis Bank as the Payment System Provider (PSP).

7) Answer: C

Short Explanation:

PhonePe Group announced its decision to exit the Account Aggregator business and instead collaborate with other account aggregators in the market.

The company will surrender its NBFC-AA license to the Reserve Bank of India (RBI) and has initiated the wind-down of its account aggregator operations.

In 2023, PhonePe, owned by Walmart, received in-principle approval from the RBI to operate as an Account Aggregator, followed by the final license in June 2023.

Detailed Explanation:

PhonePe Group announced its decision to exit the Account Aggregator business and instead collaborate with other account aggregators in the market.

The company will surrender its NBFC-AA license to the Reserve Bank of India (RBI) and has initiated the wind-down of its account aggregator operations.

In 2023, PhonePe, owned by Walmart, received in-principle approval from the RBI to operate as an Account Aggregator, followed by the final license in June 2023.

PhonePe's direct competitors in the payment aggregator business included Paytm, Razorpay, PayU, CCAvenue, and Cashfree.

This decision follows PhonePe’s move to discontinue its partnership with payment orchestration platform Juspay, opting to offer payment gateway solutions through direct integrations.

8) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) allows Securities and Exchange Board of India (SEBI)-registered non-bank brokers to access NDS-OM (Negotiated Dealing System – Order Matching) for secondary market transactions in government securities.

Currently, only regulated entities, banks, and standalone primary dealers have access to NDS-OM.

The move aims to widen market access and improve participation.

SEBI-registered brokers can access NDS-OM subject to RBI regulations and conditions.

Detailed Explanation:

The Reserve Bank of India (RBI) allows Securities and Exchange Board of India (SEBI)-registered non-bank brokers to access NDS-OM (Negotiated Dealing System – Order Matching) for secondary market transactions in government securities.

Currently, only regulated entities, banks, and standalone primary dealers have access to NDS-OM.

The move aims to widen market access and improve participation.

SEBI-registered brokers can access NDS-OM subject to RBI regulations and conditions.

RBI has set up a nine-member working group to review trading and settlement timings of financial markets it regulates.

The panel is headed by RBI Executive Director Radha Shyam Ratho and is expected to submit its report by April 30, 2025.

Synchronised market and settlement timings across various financial segments can help enhance price discovery and optimize liquidity.

9) Answer: C

Short Explanation:

General Insurance Corporation of India (GIC Re)'s board of directors has approved the incorporation of a wholly owned subsidiary—GIC Re, India Service Company—in the United Kingdom.

GIC Re has been active in Lloyd’s of London since 2011, providing reinsurance capacity to Lloyd’s syndicates through quota share capital gearing treaties.

Detailed Explanation:

General Insurance Corporation of India (GIC Re)'s board of directors has approved the incorporation of a wholly owned subsidiary—GIC Re, India Service Company—in the United Kingdom.

Board Approval: The approval was granted during the board meeting held on 3 February 2025.

Capital Requirement: The subsidiary will have a minimal capital requirement, with the unit potentially being set up with a capital of GBP 1 (approximately $1.24).

Business Activities: The UK-based subsidiary will focus on insurance-related activities and services.

Regulatory Approval: GIC Re will seek approval from the Insurance Regulatory and Development Authority of India (IRDAI) for the formation of the subsidiary.

GIC Re has been active in Lloyd’s of London since 2011, providing reinsurance capacity to Lloyd’s syndicates through quota share capital gearing treaties.

10) Answer: C

Short Explanation:

The BIMSTEC (Bay of Bengal Initiative on Multi-Sectoral Technical and Economic Cooperation) Youth Summit 2025 will take place in Gandhinagar, Gujarat, from 7 to 11 February 2025.

Theme: “Youth as a Bridge for Intra-BIMSTEC Exchange” – emphasizing the power of youth-led collaboration in regional integration.

Detailed Explanation:

The BIMSTEC (Bay of Bengal Initiative on Multi-Sectoral Technical and Economic Cooperation) Youth Summit 2025 will take place in Gandhinagar, Gujarat, from 7 to 11 February 2025.

It will bring together young leaders from Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.

The summit, inaugurated by Union Minister Dr. Mansukh Mandaviya on 8th February, aims to foster youth collaboration, innovation, and regional development.

BIMSTEC Background: Established on 6th June 1997 under the Bangkok Declaration, BIMSTEC promotes economic and social development across its seven member nations.

Theme: “Youth as a Bridge for Intra-BIMSTEC Exchange” – emphasizing the power of youth-led collaboration in regional integration.

11) Answer: B

Short Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the continuation and restructuring of the Skill India Programme (SIP) until 2026 with an outlay of Rs. 8,800 crore from 2022-23 to 2025-26.

Detailed Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the continuation and restructuring of the Skill India Programme (SIP) until 2026 with an outlay of Rs. 8,800 crore from 2022-23 to 2025-26.

1. Pradhan Mantri Kaushal Vikas Yojana 4.0 (PMKVY 4.0)

Target Age Group: 15-59 years

New Courses: 400+ new courses, including emerging technologies such as AI, 5G, Cybersecurity, Green Hydrogen, and Drone Technology.

2. PM National Apprenticeship Promotion Scheme (PM-NAPS)

Purpose: Provides on-the-job vocational training for youth aged 14-35 years.

3. Jan Shikshan Sansthan (JSS)

Target Group: Women, rural youth, and economically disadvantaged groups (ages 15-45 years).

12) Answer: C

Short Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the extension of the National Commission for Safai Karamcharis (NCSK),which functions under the Ministry of Social Justice and Empowerment tenure for three years, extending it beyond 31.03.2025 until 31.03.2028.

The total financial implication for this extension is approximately Rs. 50.91 crore.

Detailed Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the extension of the National Commission for Safai Karamcharis (NCSK),which functions under the Ministry of Social Justice and Empowerment tenure for three years, extending it beyond 31.03.2025 until 31.03.2028.

The total financial implication for this extension is approximately Rs. 50.91 crore.

The extension aims to facilitate socio-economic upliftment of sanitation workers, improve working conditions, and achieve zero fatalities in hazardous cleaning tasks.

The Commission's continued work will support the advancement of Safai Karamcharis in the country.

The NCSK is responsible for several key functions to support Safai Karamcharis, including:

Recommendations to the Central Government

Study & Evaluation

Grievance Redressal

Health, Safety, & Wages Monitoring

Reporting to Government

13) Answer: B

Short Explanation:

The Kerala government approved the Kerala Health System Improvement Programme by availing a loan of Rs 2,424.28 crore from the World Bank.

The state Cabinet meeting, chaired by Chief Minister Pinarayi Vijayan, granted approval and decided to implement the project under the Programme for Results (P for R) model.

Detailed Explanation:

The Kerala government approved the Kerala Health System Improvement Programme by availing a loan of Rs 2,424.28 crore from the World Bank.

The state Cabinet meeting, chaired by Chief Minister Pinarayi Vijayan, granted approval and decided to implement the project under the Programme for Results (P for R) model.

The main objective of the programme is to ensure an excellent standard of living and life expectancy while helping the people of the state build a life free from preventable diseases, accidents, and premature deaths.

The project aims to establish resilient healthcare systems that provide value-based healthcare while addressing the state's evolving demographic and epidemiological challenges.

The government stated that the project will also enhance coordination between various state departments to effectively respond to emerging threats, including climate change, and improve the efficiency of healthcare delivery systems in Kerala.

14) Answer: C

An Memorandum of Understanding (MoU) was signed between the Indian Sign Language Research and Training Centre (ISLRTC), under the Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice & Empowerment, and the National Book Trust (NBT) at the World Book Fair 2025.

To convert 500 NBT storybooks and other general reading materials into Indian Sign Language (ISL), making them accessible for Deaf children.

15) Answer: D

Short Explanation:

Australian all-rounder Marcus Stoinis has retired from One Day International (ODIs), ruling himself out of the 2025 ICC Champions Trophy.

Detailed Explanation:

Australian all-rounder Marcus Stoinis has retired from One Day International (ODIs), ruling himself out of the 2025 ICC Champions Trophy.

The 35-year-old will now focus on T20 cricket, where he remains available for selection.

Stoinis played a crucial role in Australia’s 2023 ODI World Cup victory, but his departure comes as Australia faces multiple injuries, including Mitchell Marsh, Pat Cummins, and Josh Hazlewood.

16) Answer: B

Short Explanation:

Shrachi Rarh Bengal Tigers defeated Hyderabad Toofans 4-3 in a thrilling Men’s Hockey India League (HIL) 2024-25 final, held at Birsa Munda International Hockey Stadium, Rourkela.

Detailed Explanation:

Shrachi Rarh Bengal Tigers defeated Hyderabad Toofans 4-3 in a thrilling Men’s Hockey India League (HIL) 2024-25 final, held at Birsa Munda International Hockey Stadium, Rourkela.

Final Result: Shrachi Rarh Bengal Tigers 4-3 Hyderabad Toofans

Venue: Birsa Munda International Hockey Stadium, Rourkela

Prize Money:

Winners (Tigers): ₹3 crore

Runners-up (Toofans): ₹2 crore

17) Answer: B

Short Explanation:

The International Cricket Council (ICC) has officially launched the theme song for the ICC Men’s Champions Trophy 2025, titled ‘Jeeto Baazi Khel Ke’, performed by renowned Pakistani singer Atif Aslam.

The anthem aims to build excitement for the tournament, which is just 12 days away from kickoff.

Music Video: A tribute to Pakistan’s cultural heritage, featuring street markets, stadiums, and fan celebrations.

Detailed Explanation:

The International Cricket Council (ICC) has officially launched the theme song for the ICC Men’s Champions Trophy 2025, titled ‘Jeeto Baazi Khel Ke’, performed by renowned Pakistani singer Atif Aslam.

The anthem aims to build excitement for the tournament, which is just 12 days away from kickoff.

‘Jeeto Baazi Khel Ke’ – Capturing the Spirit of Cricket

The official anthem of the ICC Men’s Champions Trophy 2025 embodies the passion, energy, and global love for cricket.

Singer: Atif Aslam

Producer: Abdullah Siddiqui

Lyricists: Adnan Dhool & Asfandyar Asad

Music Video: A tribute to Pakistan’s cultural heritage, featuring street markets, stadiums, and fan celebrations.

Key Tournament Dates

Start Date: February 19, 2025

End Date: March 9, 2025

Semi-Finals: Hosted in Dubai & Lahore

Final Match: Tickets for the March 9 final will be released after the first semi-final in Dubai.

18) Answer: B

World Pulses Day 2025 is observed on the 10th of February.

On December 20, 2018, the General Assembly of the United Nations proclaimed February 10 as World Pulses Day through resolution (A/RES/73/251), and the day has been celebrated as a global event since 2019 and supported by many member nations.

19) Answer: B

International Epilepsy Day 2025 is observed on the 10th of February 2025.

International Epilepsy Day is the brainchild of the International Bureau for Epilepsy and the International League Against Epilepsy.

The two organizations have put together various events on the day since their inception.

Epilepsy is one of the world’s oldest-known medical conditions, with records dating back to the beginning of recorded history.

20) Answer: C

Short Explanation:

National Deworming Day 2025 is observed on the 10th of February 2025.

National Deworming Day was launched first on 10th February 2015.

Detailed Explanation:

National Deworming Day 2025 is observed on the 10th of February 2025.

Worms can create long-term health issues in children and interfere with their health, education, and overall well-being, even if their effects might not be visible immediately.

According to a report by the World Health Organisation, around 241 million children in India, all between the ages of 1 and 14 years are at risk of parasitic intestinal worms.

The Presence of these parasitic worms also known as Soil- Transmitted Helminths (STH)

National Deworming Day was launched first on 10th February 2015.