Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 16th & 17th 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) Recently, the New Unified Payments Interface (UPI) rule on automatic acceptance, rejection of chargebacks from February 15, 2025. What is a chargeback in the context of UPI transactions?

(a) A refund initiated by the merchant.

(b) The reversal of a completed UPI transaction due to disputes, fraud, or technical errors.

(c) A penalty imposed on banks for failed transactions.

(d) A new payment feature introduced by NPCI.

(e) A cashback reward for UPI transactions.

2) Why did the Reserve Bank of India (RBI) impose penalties on  Ujjivan Small Finance Bank, and Nainital Bank?

(a) For engaging in fraudulent transactions

(b) For failing to meet RBI’s minimum capital requirements

(c) For non-compliance with regulatory norms

(d) For unauthorized international transactions

(e) For failing to submit financial statements on time

3) How much capital has UGRO Capital raised through Non-Convertible Debentures (NCDs)?

(a) INR 1,500 million

(b) INR 2,000 million

(c) INR 2,600 million

(d) INR 3,200 million

(e) INR 5,000 million

4) Who graced the inaugural session of the International Women’s Conference organized by The Art of Living in Bengaluru?

(a) Prime Minister Narendra Modi

(b) Finance Minister Nirmala Sitharaman

(c) President Droupadi Murmu

(d) External Affairs Minister S. Jaishankar

(e) Nobel Laureate Malala Yousafzai

5) Recently, India hosted the First-Ever Regional Dialogue on Global Coalition for Social Justice in New Delhi. Which ministry is organizing the Regional Dialogue on Social Justice?

(a) Ministry of Social Justice and Empowerment

(b) Ministry of Labour and Employment

(c) Ministry of Home Affairs

(d) Ministry of Education

(e) Ministry of Women and Child Development

6) The 12th All India Pension Adalat will focus on grievances pending for over how many days?

(a) 30 days

(b) 60 days

(c) 90 days

(d) 120 days

(e) 180 days

7) Recently, Indian Prime Minister Narendra Modi Narendra Modi and Elon Musk Meet in Washington, D.C.. What did Elon Musk give to PM Modi during the meeting?

(a) A Tesla Model X

(b) A SpaceX astronaut helmet

(c) A hexagonal ceramic heatshield tile from Starship Test Flight 5

(d) A prototype of Tesla’s Cybertruck

(e) A Neuralink brain-chip prototype

8) What is the main objective of integrating Primary Agricultural Cooperative Societies (PACS) with Common Service Centres (CSCs) in Andhra Pradesh?

(a) To promote urban banking services

(b) To advance rural financial inclusion

(c) To create a new tax policy for farmers

(d) To reduce agricultural subsidies

(e) To introduce cryptocurrency in rural banking

9) What is the priority sector credit potential projected by NABARD for Rajasthan in FY 2025-26?

(a) ₹3.50 lakh crore

(b) ₹4.00 lakh crore

(c) ₹4.40 lakh crore

(d) ₹5.00 lakh crore

(e) ₹5.50 lakh crore

10) What is the Wholesale Price Index (WPI) inflation rate reported for January 2025?

(a) 1.89%

(b) 2.31%

(c) 2.75%

(d) 3.10%

(e) 3.50%

11) As per the report, the NTPC Limited won the Forward Faster Sustainability Award 2025 in which category?

(a) Renewable Energy Innovation

(b) Water Resilience

(c) Carbon Emission Reduction

(d) Energy Efficiency

(e) Sustainable Infrastructure

12) Under which regulatory framework must shareholder approval be obtained for RBL Bank's CEO reappointment?

(a) RBI Act, 1934

(b) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

(c) Banking Regulation Act, 1949

(d) Companies Act, 2013

(e) Basel III Norms

13) Who has been appointed as the Chief Operating Officer (COO) of Future Generali India Insurance?

(a) R Subramaniakumar

(b) Kanika Garg

(c) Uday Kotak

(d) Aditya Puri

(e) Arundhati Bhattacharya

14) Which Indian company has signed an MoU with Saab for the local manufacturing of the LWS-310 laser warning system?

(a) Bharat Electronics Limited (BEL)

(b) Hindustan Aeronautics Limited (HAL)

(c) Bharat Dynamics Limited (BDL)

(d) Larsen & Toubro (L&T)

(e) Tata Advanced Systems

15) What type of technology is primarily involved in the Tata Elxsi-Garuda Aerospace partnership?

(a) Artificial Intelligence for Chatbots

(b) Satellite-based Internet Services

(c) Unmanned Aerial Vehicle (UAV) technology

(d) Blockchain for financial security

(e) Hydrogen Fuel Cell development

16) Recently, the 38th National Games 2025 ended on a grand note in Haldwani, Uttarakhand, marking a significant milestone in India’s growing sports culture. What was the theme of the 38th National Games 2025?

(a) ‘One Nation, One Sport’

(b) ‘Green Games’

(c) ‘Sports for All’

(d) ‘Rising India in Sports’

(e) ‘Sustainable Sports Movement’

17) How much did Jon Rahm earn in 2025, securing the second spot in the highest-paid athletes list?

(a) $150 million

(b) $180 million

(c) $200 million

(d) $218 million

(e) $230 million

18) Recently, Pakistan’s star batter Babar Azam recently became the joint-fastest player to reach how many runs in ODIs?

(a) 5,000

(b) 6,000

(c) 7,000

(d) 8,000

(e) 10,000

19) As per the news, Sukri Bommagowda, who recently passed away, was famous for which field?

(a) Classical Dance

(b) Folk Singing

(c) Literature

(d) Theatre

(e) Painting

20) Which Indian state implemented the Bhudhaar system?

(a) Tamil Nadu

(b) Andhra Pradesh

(c) Karnataka

(d) Maharashtra

(e) West Bengal

Answers :

1) Answer: B

Short Explanation:

The National Payments Corporation of India (NPCI) has introduced new guidelines for UPI chargebacks, effective February 15.

Definition of Chargeback: A chargeback is the reversal of a completed Unified Payments Interface (UPI) transaction due to disputes, fraud, or technical errors, initiated by the payer's bank.

Detailed Explanation:

The National Payments Corporation of India (NPCI) has introduced new guidelines for UPI chargebacks, effective February 15.

Definition of Chargeback: A chargeback is the reversal of a completed Unified Payments Interface (UPI) transaction due to disputes, fraud, or technical errors, initiated by the payer's bank.

Issue with Current Process:

Remitting banks initiate chargebacks early (T+0), often before beneficiary banks complete reconciliation.

If a return request (RET) is raised later by the beneficiary bank, it might be rejected if a chargeback is already initiated.

This has led to automatic chargeback acceptance and RBI penalties for certain banks.

Revised Dispute Resolution Process:

Chargebacks will now be automatically accepted or rejected based on Transaction Credit Confirmation (TCC) and RET in the next settlement cycle.

The new system ensures beneficiary banks get sufficient time to process returns before chargebacks are finalized.

2) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has imposed monetary penalties on Shriram Finance, Ujjivan Small Finance Bank, and Nainital Bank for non-compliance with regulatory norms.

Detailed Explanation:

The Reserve Bank of India (RBI) has imposed monetary penalties on Shriram Finance, Ujjivan Small Finance Bank, and Nainital Bank for non-compliance with regulatory norms.

Penalty on Shriram Finance: A fine of ₹5.80 lakh was levied for failing to implement a system for periodic review of risk categorization of accounts, among other issues.

Penalty on Ujjivan Small Finance Bank: The bank received a penalty of ₹6.70 lakh on Ujjivan Small Finance Bank Limited for non-compliance with certain directions issued by RBI on ‘Loans and Advances - Statutory and Other Restrictions’.

Penalty on Nainital Bank: A penalty of ₹61.40 lakh was imposed due to non-compliance with directives on interest rates for advances and customer service.

3) Answer: C

Short Explanation:

UGRO Capital, a leading DataTech NBFC focused on MSME lending, announced its latest strategic financing collaboration with FMO.

UGRO Capital has raised ~INR 2,600 million through Non-Convertible Debentures (NCDs).

Detailed Explanation:

UGRO Capital, a leading DataTech NBFC focused on MSME lending, announced its latest strategic financing collaboration with FMO.

UGRO Capital has raised ~INR 2,600 million through Non-Convertible Debentures (NCDs).

Purpose of Funds: The proceeds will support women empowerment, territorial inequality reduction, and youth empowerment initiatives.

Investor Participation: The INR-denominated NCDs were fully subscribed by FMO, highlighting its commitment to inclusive and sustainable prosperity.

Previous NCD Issuance: In December 2023, UGRO Capital raised USD 30 million (~INR 2,490 million) in an unlisted NCD issuance, primarily for green financing.

Impact on MSMEs: Over six years, UGRO Capital has extended credit to 100,000+ small businesses, boosting business turnover and employment.

4) Answer: C

Short Explanation:

The President of India, Smt. Droupadi Murmu graced the inaugural session of the International Women’s Conference organised by The Art of Living in Bengaluru.

Detailed Explanation:

The President of India, Smt. Droupadi Murmu graced the inaugural session of the International Women’s Conference organised by The Art of Living in Bengaluru.

In her address, she emphasized the rising power of Indian women (Nari Shakti) and their growing influence in science, sports, politics, arts, and culture.

Women Breaking Barriers & Achieving Excellence

Indian women are confidently advancing, making their families, institutions, and the nation proud.

Overcoming stereotypes requires mental strength and determination.

She urged women to:

Gather courage and dream big.

Utilize their full potential for success.

Recognize that every step towards personal goals contributes to a developed India.

5) Answer: B

Short Explanation:

Union Minister Mansukh Mandaviya will inaugurate the first-ever Regional Dialogue on Social Justice, which is set to take place on February 24-25 at Bharat Mandapam in New Delhi

This landmark event is organized by the Ministry of Labour and Employment, in collaboration with the Confederation of Indian Industry (CII) and the Employers’ Federation of India (EFI).

Detailed Explanation:

Union Minister Mansukh Mandaviya will inaugurate the first-ever Regional Dialogue on Social Justice, which is set to take place on February 24-25 at Bharat Mandapam in New Delhi

This landmark event is organized by the Ministry of Labour and Employment, in collaboration with the Confederation of Indian Industry (CII) and the Employers’ Federation of India (EFI).

The dialogue aims to bring together global stakeholders to discuss inclusive and sustainable social policies.

Promote fair employment opportunities and social security.

Strengthen inclusive economic growth across the Asia-Pacific region and beyond.

Enhance responsible business practices for social justice.

Launched by the International Labour Organization (ILO) in 2023.

6) Answer: D

Short Explanation:

Dr. Jitendra Singh, Minister of State for Personnel, Public Grievances, and Pensions, will chair the 12th All India Pension Adalat in New Delhi.

Organized by the Department of Pension and Pensioners’ Welfare (DoPPW), this initiative aims to address long-pending pension grievances of retired Central Government employees.

With 180 cases under review, the session will focus on grievances that have been pending for over 120 days, ensuring quick and effective resolutions.

Detailed Explanation:

Dr. Jitendra Singh, Minister of State for Personnel, Public Grievances, and Pensions, will chair the 12th All India Pension Adalat in New Delhi.

Organized by the Department of Pension and Pensioners’ Welfare (DoPPW), this initiative aims to address long-pending pension grievances of retired Central Government employees.

With 180 cases under review, the session will focus on grievances that have been pending for over 120 days, ensuring quick and effective resolutions.

Since its launch in 2017, the Pension Adalat has played a crucial role in enhancing pension dispute resolution efficiency.

Key Objectives of the 12th All India Pension Adalat

Resolve long-standing pension disputes of retired government employees.

Provide immediate relief to pensioners with pending grievances.

Bring together officials from key Ministries and Departments to ensure real-time solutions.

7) Answer: C

Short Explanation:

Prime Minister Narendra Modi met Tesla and SpaceX CEO Elon Musk at Blair House, Washington, D.C.

Elon Musk’s Gift to PM Modi: A hexagonal ceramic heatshield tile from SpaceX’s Starship Test Flight 5 (October 13, 2024), engraved with mission details.

Detailed Explanation:

Prime Minister Narendra Modi met Tesla and SpaceX CEO Elon Musk at Blair House, Washington, D.C.

Their discussion focused on space exploration, electric vehicles (EVs), and innovation, further strengthening India’s engagement with Musk’s ventures.

Elon Musk’s Gift to PM Modi: A hexagonal ceramic heatshield tile from SpaceX’s Starship Test Flight 5 (October 13, 2024), engraved with mission details.

Significance: The tile is designed to withstand extreme temperatures during spacecraft re-entry, showcasing SpaceX’s advancements in reusable space technology.

PM Modi’s Gift to Musk’s Children: Three classic Indian books:

The Crescent Moon by Rabindranath Tagore

The Great RK Narayan Collection

Panchatantra by Pandit Vishnu Sharma

8) Answer: B

Short Explanation:

In Andhra Pradesh, the integration of Primary Agricultural Cooperative Societies (PACS) with Common Service Centres (CSCs) has significantly advanced rural financial inclusion.

Detailed Explanation:

In Andhra Pradesh, the integration of Primary Agricultural Cooperative Societies (PACS) with Common Service Centres (CSCs) has significantly advanced rural financial inclusion.

This collaboration has resulted in the disbursement of ₹12,905 crore in loans, benefiting approximately 6.78 lakh individuals.

This effort aligns with the broader objectives of the Digital India program, which seeks to enhance digital infrastructure and services across the country.

E-Cabinet: In 2014, Andhra Pradesh conducted the country's first paperless e-Cabinet meeting, enabling ministers to access meeting agendas electronically.

E-Pragati: This state enterprise architecture framework aims to deliver 750 services to over 30 million citizens by integrating 34 departments onto a single platform.

Bhudhaar: Launched in 2018, Bhudhaar assigns an 11-digit unique number to every land parcel in the state, facilitating streamlined land management and reducing disputes.

e-Panta (Crop Booking): An Android application designed to assess crop details and analyze cropping patterns, aiding in better agricultural planning and management.

9) Answer: C

Short Explanation:

The National Bank for Agriculture and Rural Development (NABARD) has projected a priority sector credit potential of ₹4.40 lakh crore for Rajasthan in the fiscal year 2025-26.

Detailed Explanation:

The National Bank for Agriculture and Rural Development (NABARD) has projected a priority sector credit potential of ₹4.40 lakh crore for Rajasthan in the fiscal year 2025-26.

This projection was unveiled during the State Credit Seminar 2025-26, where NABARD released the State Focus Paper (SFP) for the upcoming financial year.

The SFP serves as a comprehensive document, consolidating district-wise loan potentials across Rajasthan in both physical and financial terms.

The current projection marks a 22% increase over the previous year's estimates, reflecting NABARD's commitment to fostering integrated and sustainable rural prosperity in the state.

10) Answer: B

Short Explanation:

The Department for Promotion of Industry and Internal Trade (DPIIT), a central government department under the Ministry of Commerce and Industry in India has released the Wholesale Price Index (WPI) for January 2025, reporting an annual inflation rate of 2.31% (provisional) compared to January 2024.

Detailed Explanation:

The Department for Promotion of Industry and Internal Trade (DPIIT), a central government department under the Ministry of Commerce and Industry in India has released the Wholesale Price Index (WPI) for January 2025, reporting an annual inflation rate of 2.31% (provisional) compared to January 2024.

Inflation increase is mainly due to rising prices in manufactured food products, food articles, non-food articles, and textiles.

Month-over-month (MoM) WPI change for January 2025 stood at (-) 0.45%, indicating a marginal decline from December 2024.

11) Answer: B

Short Explanation:

NTPC Limited., India’s largest integrated power utility, has been honoured with the Forward Faster Sustainability Award 2025 in the Water Resilience category.

The award was presented by the UN Global Compact Network India (UN GCNI) at a ceremony in Chennai.

Detailed Explanation:

NTPC Limited., India’s largest integrated power utility, has been honoured with the Forward Faster Sustainability Award 2025 in the Water Resilience category.

The award was presented by the UN Global Compact Network India (UN GCNI) at a ceremony in Chennai.

Aligns with the United Nations Sustainable Development Goals (SDGs).

Supplies nearly 25% of India’s electricity.

Installed power generation capacity: 77 GW.

29.5 GW under construction, including 9.6 GW renewable projects.

Target: 60 GW renewable energy capacity by 2032.

12) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has approved the reappointment of R Subramaniakumar as Managing Director & Chief Executive Officer (MD & CEO) of Ratnakar Bank.

The reappointment will be subject to shareholder approval as per RBI and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Detailed Explanation:

The Reserve Bank of India (RBI) has approved the reappointment of R Subramaniakumar as Managing Director & Chief Executive Officer (MD & CEO) of Ratnakar Bank.

The reappointment is for three years, from June 23, 2025, to June 22, 2028.

The reappointment will be subject to shareholder approval as per RBI and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subramaniakumar has been serving as MD & CEO of RBL Bank since June 23, 2022.

His current term ends on June 22, 2025, and the reappointment will take effect thereafter, subject to shareholder approval

13) Answer: B

Short Explanation:

Future Generali India Insurance has appointed Kanika Garg as its Chief Operating Officer (COO).

Garg's appointment aligns with Future Generali's strategy to enhance operations, streamline processes, and boost overall business efficiency.

Detailed Explanation:

Future Generali India Insurance has appointed Kanika Garg as its Chief Operating Officer (COO).

She assumed the role in December 2024 and has since been instrumental in driving growth, innovation, and operational excellence within the company.

With a robust background in the insurance sector, Garg brings extensive experience in operational leadership.

Garg's appointment aligns with Future Generali's strategy to enhance operations, streamline processes, and boost overall business efficiency.

Her expertise spans various domains, including business strategy, digital transformation, and customer experience enhancement.

14) Answer: B

Short Explanation:

Saab and Hindustan Aeronautics Limited (HAL) have signed a Memorandum of Understanding (MoU) for the local manufacture of Saab’s LWS-310 laser warning system in India.

Detailed Explanation:

Saab and Hindustan Aeronautics Limited (HAL) have signed a Memorandum of Understanding (MoU) for the local manufacture of Saab’s LWS-310 laser warning system in India.

The agreement includes the Transfer of Technology (ToT), enabling HAL to set up necessary infrastructure, conduct training programs, and gain technical expertise from Saab for long-term support of the system.

The collaboration strengthens India’s defence self-reliance under the ‘Make in India’ initiative and enhances HAL’s capability to manufacture and support the LWS-310 system.

The Indian Air Force is planning to procure 114 multi-role fighter aircraft (MRFA) through an open tender process, and Saab is offering its Gripen fighter to meet this requirement.

15) Answer: C

Short Explanation:

Tata Elxsi, a global leader in design and technology services, and Garuda Aerospace, a pioneering UAV (Unmanned Aerial Vehicle) manufacturer, have signed a Memorandum of Understanding (MoU) at Aero India 2025, Asia’s biggest Airshow, held from February 10th–14th.

Detailed Explanation:

Tata Elxsi, a global leader in design and technology services, and Garuda Aerospace, a pioneering UAV (Unmanned Aerial Vehicle) manufacturer, have signed a Memorandum of Understanding (MoU) at Aero India 2025, Asia’s biggest Airshow, held from February 10th–14th.

This partnership establishes a dedicated UAV design, engineering, and certification center to develop indigenous drone technologies for Indian defence applications, agriculture, and smart cities, supporting the ‘Make in India’ initiative.

Tata Elxsi and Garuda Aerospace are showcasing prototypes, designs, and operational UAVs at Aero India 2025.

Additionally, a demonstration of indigenised UAV components highlights India’s advancements in autonomous UAV technologies.

Tata Elxsi will lead the design, development, testing, and certification of UAV subsystems, leveraging its expertise in avionics, miniaturisation, ground control systems, secured communication, and energy optimisation.

Its proven capabilities in avionics certification, including compliance with DO-254 and DO-178C standards, will ensure regulatory adherence and safety.

16) Answer: B

Short Explanation:

The 38th National Games 2025 ended on a grand note in Haldwani, Uttarakhand, marking a significant milestone in India’s growing sports culture.

This edition of the National Games stood out for its sustainability initiatives, aligning with the theme ‘Green Games’ to minimize environmental impact.

Detailed Explanation:

The 38th National Games 2025 ended on a grand note in Haldwani, Uttarakhand, marking a significant milestone in India’s growing sports culture.

Held from January 28 to February 14, 2025, the event saw participation from over 10,000 athletes across 35 sports disciplines, making it one of the largest sporting events in India.

This edition of the National Games stood out for its sustainability initiatives, aligning with the theme ‘Green Games’ to minimize environmental impact.

The Home Minister announced that the 39th National Games will be held in Meghalaya.

17) Answer: D

Short Explanation:

Cristiano Ronaldo has once again secured his place as the highest-paid athlete in the world, earning a staggering $285 million in 2025.

Cristiano Ronaldo – $285 million

Jon Rahm (Golf) – $218 million

Lionel Messi – $135 million

Detailed Explanation:

Cristiano Ronaldo has once again secured his place as the highest-paid athlete in the world, earning a staggering $285 million in 2025.

His earnings come from:

$200 million annual salary from Al Nassr (Saudi Arabia)

$65 million from endorsements and business ventures

This reinforces football’s growing commercial appeal and the significant investments from Middle Eastern clubs in global sports.

The rankings include stars from football, basketball, golf, and American football:

Cristiano Ronaldo – $285 million

Jon Rahm (Golf) – $218 million

Lionel Messi – $135 million

18) Answer: B

Short Explanation:

Pakistan’s star batter Babar Azam has achieved another milestone by becoming the joint-fastest player to reach 6,000 runs in One Day Internationals (ODIs).

He reached this landmark during the final of the ODI tri-series against New Zealand at the National Stadium.

Detailed Explanation:

Pakistan’s star batter Babar Azam has achieved another milestone by becoming the joint-fastest player to reach 6,000 runs in One Day Internationals (ODIs).

He reached this landmark during the final of the ODI tri-series against New Zealand at the National Stadium.

Babar reached 6,000 runs in just 123 innings, equaling the record set by South African legend Hashim Amla.

He surpassed Virat Kohli to become the fastest Asian to achieve this feat, as Kohli had taken 136 innings.

Fastest to 5,000 ODI runs – Achieved in just 97 matches (May 2023).

Fastest Asian to 6,000 ODI runs, breaking Virat Kohli’s previous record.

Joint-fastest overall to 6,000 ODI runs, alongside Hashim Amla (123 innings).

19) Answer: B

Short Explanation:

Sukri Bommagowda, a celebrated folk singer and Padma Shri awardee, passed away at 84 in Badageri village, Uttara Kannada.

She had been receiving medical care in Manipal before returning home, where she took her last breath.

Fondly known as Sukrajji, she was a revered figure in the Halakki Vokkaliga community.

Detailed Explanation:

Sukri Bommagowda, a celebrated folk singer and Padma Shri awardee, passed away at 84 in Badageri village, Uttara Kannada.

She had been receiving medical care in Manipal before returning home, where she took her last breath.

Fondly known as Sukrajji, she was a revered figure in the Halakki Vokkaliga community.

She played a crucial role in preserving Halakki folk heritage and had a repertoire of nearly 5,000 folk songs.

Often described as a “walking encyclopedia” of Halakki culture.

Akashvani recorded hundreds of her performances in the 1980s, ensuring the preservation of traditional songs.

20) Answer: B

Bhudhaar: Launched in 2018, Bhudhaar assigns an 11-digit unique number to every land parcel in the Andhra Pradesh state, facilitating streamlined land management and reducing disputes.