Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 17th January 2026. 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 2026 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) The Reserve Bank of India (RBI) has recently recognised the Foreign Exchange Dealers’ Association of India (FEDAI) as a Self-Regulatory Organisation (SRO) for all Authorised Dealers (ADs) in the foreign exchange market. Under this framework, which of the following is a primary responsibility of FEDAI?

(a) Setting standards and promoting best practices among authorised dealers

(b) Issuing foreign exchange licenses to new banks

(c) Determining India’s foreign exchange rates

(d) Managing India’s forex reserves

(e) Conducting audits of the RBI

2) Which foreign bank has received RBI’s approval to set up a Wholly-Owned Subsidiary (WOS) in India?

(a) Sumitomo Mitsui Banking Corporation (SMBC)

(b) Mitsubishi UFJ Financial Group (MUFG)

(c) Bank of China

(d) Standard Chartered Bank

(e) Citibank

3) As of 2026, Reserve Bank of India Directs Banks and Eligible non-banking financial companies to Implement Automated Complaint Management System with Internal Ombudsman/Deputy IO Access. What is the maximum age limit for an Internal Ombudsman (IO) during their tenure?

(a) 65 years

(b) 70 years

(c) 75 years

(d) 60 years

(e) No limit

4) In 2026, Wholesale inflation (WPI) rose to 0.83% in December 2025, marking the first positive year-on-year print after two months of deflation and the highest in eight months. Which component has the largest weight in the Wholesale Price Index (WPI)?

(a) Services

(b) Food Articles

(c) Fuel & Power

(d) Primary Articles

(e) Manufactured Goods

5) Which bank became the first in India to adopt the NBSL plug-in-based UPI delivery model?

(a) ICICI Bank

(b) State Bank of India

(c) HDFC Bank

(d) Canara Bank

(e) Axis Bank

6) From December 1, 2025, how much will SBI charge for cash withdrawals at non-SBI ATMs after exhausting free transactions?

(a) ₹21 + GST

(b) ₹23 + GST

(c) ₹11 + GST

(d) ₹25 + GST

(e) Free

7) What is the key feature of the Organisation for Economic Co-operation and Development (OECD) global minimum corporate tax agreement regarding U.S.-based multinational companies?

(a) They are effectively exempt from the 15% global minimum tax

(b) They must pay an extra 5% tax in all participating countries

(c) They are banned from operating in foreign countries

(d) They must share profits with OECD member states

(e) They are required to relocate headquarters outside the U.S.

8) Where is the world’s largest green ammonia project being developed in India, with a total investment of USD 10 billion?

(a) Kakinada, Andhra Pradesh

(b) Visakhapatnam, Andhra Pradesh

(c) Jamnagar, Gujarat

(d) Paradip, Odisha

(e) Kochi, Kerala

9) Which initiative placed the first online order delivered by India Post via Open Network for Digital Commerce (ONDC) marking its entry as a Logistics Service Provider (LSP) on the platform?

(a) BharatPe

(b) UdyamWell

(c) Startup India

(d) Make in India

(e) Digital India

10) On which day did PM Narendra Modi mark the completion of 10 years of the Startup India Movement?

(a) 16 January

(b) 26 January

(c) 15 August

(d) 1 April

(e) 2 October

11) In news, Bharat Electricity Summit 2026 will be held from 19–22 March 2026 at Yashobhoomi, New Delhi. What is the theme of the Bharat Electricity Summit 2026?

(a) Renewable Energy for All.

(b) Powering India. Lighting the Future.

(c) Electrifying Growth. Empowering Sustainability. Connecting Globally

(d) Energy Transition for Growth

(e) Smart Power, Smart Nation

12) What was India’s overall unemployment rate (UR) in December 2025 according to the Periodic Labour Force Survey (PLFS)?

(a) 4.8%

(b) 5.2%

(c) 4.2%

(d) 6.0%

(e) 3.8%

13) When was the Womaniya Initiative under the Government e-Marketplace (GeM)launched?

(a) 12 January 2018

(b) 16 January 2016

(c) 1 April 2019

(d) 14 January 2019

(e) 8 March 2018

14) Which state signed an MoU with the Digital India BHASHINI Division to integrate AI-powered language technologies in government platforms?

(a) Madhya Pradesh

(b) Uttar Pradesh

(c) Maharashtra

(d) Karnataka

(e) Tamil Nadu

15) As of 2026, INSV Kaundinya completed its maiden overseas voyage from Porbandar to which destination in 17 days?

(a) Dubai, UAE

(b) Muscat, Oman

(c) Doha, Qatar

(d) Colombo, Sri Lanka

(e) Male, Maldives

16) In 2026, the world’s First Global Ice Vault Launched in Antarctica to Preserve Melting Glacier Ice Cores. In which year was the Ice Memory Project, aimed at collecting and storing ice cores, launched?

(a) 2015

(b) 2010

(c) 2018

(d) 2020

(e) 2012

17) Which company has partnered with Embraer to set up India’s first Final Assembly Line (FAL) for commercial fixed-wing aircraft?

(a) Hindustan Aeronautics Limited

(b) Tata Group

(c) Reliance Industries

(d) Mahindra Aerospace

(e) Adani Group

18) Which university inaugurated the IIT Mandi Catalyst Satellite Centre in Greater Noida, Uttar Pradesh?

(a) Shiv Nadar University

(b) Amity University

(c) Galgotias University

(d) Manipal University

(e) Delhi University

19) Where has the DST–NIDHI Centre of Excellence (CoE) for deep-tech entrepreneurship been launched &centre is supported by ₹40 crore funding from the Department of Science & Technology (DST)?

(a) IIM Ahmedabad

(b) IIT Delhi

(c) IIM Bangalore

(d) IISc Bangalore

(e) IIT Bombay

20) Where will the 9th International Spice Conference (ISC 2026) be held &organised by All India Spices Exporters Forum (AISEF)?

(a) Bengaluru, Karnataka

(b) Thiruvananthapuram, Kerala

(c) Mumbai, Maharashtra

(d) Kochi, Kerala

(e) Hyderabad, Telangana

21) According to the World Economic Forum Global Risks Report 2026, the world is entering which new era?

(a) Age of Cooperation

(b) Age of Competition

(c) Digital Age

(d) Era of Sustainability

(e) Industrial Age

22) Which cricketer was named ICC Men’s Player of the Month for December 2025?

(a) Mitchell Starc

(b) Pat Cummins

(c) Ben Stokes

(d) Steve Smith

(e) Tim Southee

23) Who won the ICC Women’s Player of the Month for December 2025?

(a) Sune Luus

(b) Shafali Verma

(c) Laura Wolvaardt

(d) Smriti Mandhana

(e) Meg Lanning

24) In which year was the Foreign Exchange Dealers’ Association of India (FEDAI) established?

(a) 1980

(b) 1965

(c) 1947

(d) 1972

(e) 1958

25) What was the proof-of-concept demonstrating the NPCI BHIM Services Limited (NBSL) plug-in-based UPI model called?

(a) Digital Pay Test

(b) UPI Connect

(c) BHIM Plus

(d) UPI Gateway

(e) BHIM Vishwas

Answers :

1) Answer: A

Short Explanation:

FEDAI was recognised under the RBI’s Omnibus Framework for recognition of SROs for Regulated Entities, aimed at strengthening market discipline, transparency, and self-regulation.

As an SRO, FEDAI will set standards, promote best practices, and ensure compliance among authorised dealers, subject to RBI’s regulatory oversight.

Detailed Explanation:

The Reserve Bank of India (RBI) has recognised the Foreign Exchange Dealers’ Association of India (FEDAI) as a Self-Regulatory Organisation (SRO) for all Authorised Dealers (ADs) in the foreign exchange market.

FEDAI was recognised under the RBI’s Omnibus Framework for recognition of SROs for Regulated Entities, aimed at strengthening market discipline, transparency, and self-regulation.

As an SRO, FEDAI will set standards, promote best practices, and ensure compliance among authorised dealers, subject to RBI’s regulatory oversight.

RBI has given FEDAIone year to align its governance structure and operations with the Omnibus SRO Framework.

During this period, FEDAI must extend its membership to all categories of Authorised Dealers (ADs) operating in the forex market.

2) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) has granted in-principle approval to Sumitomo Mitsui Banking Corporation (SMBC), Japan, to establish a Wholly-Owned Subsidiary (WOS) in India.

A WOS is a separate legal entity, allowing a foreign bank to operate like a domestic bank, including opening new branches freely without prior RBI approval.

Detailed Explanation:

The Reserve Bank of India (RBI) has granted in-principle approval to Sumitomo Mitsui Banking Corporation (SMBC), Japan, to establish a Wholly-Owned Subsidiary (WOS) in India.

A WOS is a separate legal entity, allowing a foreign bank to operate like a domestic bank, including opening new branches freely without prior RBI approval.

SMBC will convert its existing four branches in Delhi, Mumbai, Chennai, and Bengaluru into the WOS, enhancing operational flexibility and growth opportunities in the Indian banking market.

This follows SMBC’s 24.22% stake acquisition in YES Bank in 2025, making it the largest shareholder and strengthening the YES Bank–SMBC partnership for cash management and non-lending services to global and domestic corporations.

RBI mandates foreign banks to operate in India either via branches or a WOS under the “single-mode presence” principle, based on global financial-stability lessons from the 2008 crisis.

3) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has mandated banks and eligible non-banking financial companies (NBFCs) to implement a fully automated Complaint Management System (CMS) with direct access for the Internal Ombudsman (IO) and Deputy IO (DIO).

The IO must not be above 70 years of age during the tenure period.

One person may act as IO for more than one regulated entity, but this requires Board or CSC approval.

Detailed Explanation:

The Reserve Bank of India (RBI) has mandated banks and eligible non-banking financial companies (NBFCs) to implement a fully automated Complaint Management System (CMS) with direct access for the Internal Ombudsman (IO) and Deputy IO (DIO).

The Internal Ombudsman (IO) must be a retired or serving officer of rank equivalent to General Manager in RBI, a regulated entity, or a Financial Sector Regulatory Body.

The IO must have at least 7 years’ experience in banking, NBFCs, regulation, supervision, payment systems, credit information, or consumer protection.

The IO must not be above 70 years of age during the tenure period.

One person may act as IO for more than one regulated entity, but this requires Board or CSC approval.

4) Answer: E

Short Explanation:

Wholesale inflation (WPI) rose to 0.83% in December 2025, marking the first positive year-on-year print after two months of deflation and the highest in eight months.

The base year of WPI is 2011-12, which serves as the reference period for all price comparisons.

The largest component of WPI is Manufactured Goods with a weight of 64.23%, covering sectors like textiles, chemicals, metals, cement, plastics, and paper.

Detailed Explanation:

Wholesale inflation (WPI) rose to 0.83% in December 2025, marking the first positive year-on-year print after two months of deflation and the highest in eight months.

This was a significant increase from –0.32% in November 2025.

The Wholesale Price Index (WPI) measures price changes of goods sold and traded in bulk by wholesalers to businesses, released monthly by the Office of the Economic Adviser (Ministry of Commerce and Industry).

The base year of WPI is 2011-12, which serves as the reference period for all price comparisons.

The largest component of WPI is Manufactured Goods with a weight of 64.23%, covering sectors like textiles, chemicals, metals, cement, plastics, and paper.

5) Answer: D

Short Explanation:

Canara Bank has partnered with NPCI BHIM Services Limited (NBSL) to integrate bank plug-ins for providing UPI services on its Canara ai1Pe banking app.

Through this partnership, Canara Bank can host the latest UPI features and upgrades developed for the BHIM app directly within its own application.

Detailed Explanation:

Canara Bank has partnered with NPCI BHIM Services Limited (NBSL) to integrate bank plug-ins for providing UPI services on its Canara ai1Pe banking app.

Through this partnership, Canara Bank can host the latest UPI features and upgrades developed for the BHIM app directly within its own application.

Canara Bank is the first bank in India to adopt this NBSL plug-in-based UPI delivery model.

The system allows white-labelling of BHIM’s technology stack, enabling banks to offer UPI services while focusing on core banking operations.

The model was demonstrated through BHIM Vishwas, a proof-of-concept launched in 2025.

6) Answer: B

Short Explanation:

State Bank of India (SBI) has increased ATM charges effective from December 1, 2025, due to higher interchange fees paid when customers use other banks’ ATMs.

After exhausting free transactions, cash withdrawals at non-SBI ATMs will cost ₹23 + GST (earlier ₹21 + GST).

Detailed Explanation:

State Bank of India (SBI) has increased ATM charges effective from December 1, 2025, due to higher interchange fees paid when customers use other banks’ ATMs.

Savings account holders continue to get five free transactions per month at non-SBI ATMs.

After exhausting free transactions, cash withdrawals at non-SBI ATMs will cost ₹23 + GST (earlier ₹21 + GST).

Non-financial transactions (such as balance enquiry) at non-SBI ATMs will now cost ₹11 + GST (earlier ₹10 + GST).

The maximum impact of the revised charges is on salary account holders, who earlier enjoyed unlimited free transactions but are now capped at 10 free transactions per month at non-SBI ATMs.

7) Answer: A

Short Explanation:

The Organisation for Economic Co-operation and Development (OECD) has finalised an agreement on the global minimum corporate tax, with participation from the United States and over 100 countries.

The agreement includes a carve-out that effectively exempts U.S.-based multinational companies from the 15% global minimum tax framework negotiated under the OECD.

Detailed Explanation:

The Organisation for Economic Co-operation and Development (OECD) has finalised an agreement on the global minimum corporate tax, with participation from the United States and over 100 countries.

The agreement includes a carve-out that effectively exempts U.S.-based multinational companies from the 15% global minimum tax framework negotiated under the OECD.

In return for the exemption, other countries will be barred from imposing additional or compensatory taxes on the foreign subsidiaries of U.S. multinational corporations.

8) Answer: A

Short Explanation:

Andhra Pradesh will host the world’s largest green ammonia project at Kakinada, being developed by AM Green, with a total investment of USD 10 billion.

Detailed Explanation:

Andhra Pradesh will host the world’s largest green ammonia project at Kakinada, being developed by AM Green, with a total investment of USD 10 billion.

The project aims to achieve a final production capacity of 1.5 million tonnes per annum (MTPA) by 2030, supporting India’s first green ammonia exports.

The facility is being developed through the conversion of an existing ammonia-urea complex at Kakinada, enabling faster scaling and cost efficiency.

Phased commissioning plan includes 0.5 MTPA by 2027, 1.0 MTPA by 2028, and full capacity by 2030, making it the largest green ammonia project globally.

9) Answer: B

The Department of Posts successfully delivered its first-ever online order through the Open Network for Digital Commerce (ONDC), marking its entry as a Logistics Service Provider (LSP) on the platform.

The first online consignment was booked and delivered within two days, demonstrating India Post’s operational readiness in a digital commerce environment.

The order was placed by UdyamWell, an ONDC-enabled initiative that supports rural entrepreneurs and Bharatpreneurs.

10) Answer: A

Short Explanation:

Prime Minister Narendra Modi marked the completion of 10 years of the Startup India Movement on National Startup Day (16 January).

Startup India Movement was launched on 16 January 2016to promote innovation, nurturing entrepreneurs and building a strong startup ecosystem in India.

Detailed Explanation:

Prime Minister Narendra Modi marked the completion of 10 years of the Startup India Movement on National Startup Day (16 January).

Startup India Movement was launched on 16 January 2016 with the objective of promoting innovation, nurturing entrepreneurs and building a strong startup ecosystem in India.

The initiative focuses on ease of doing business, regulatory simplification, funding support, mentorship and innovation-driven growth.

Over the past decade, Startup India has evolved into a nationwide ecosystem connecting government, investors, incubators, academic institutions, mentors and young innovators.

11) Answer: C

Short Explanation:

Bharat Electricity Summit 2026 will be held from 19–22 March 2026 at Yashobhoomi, New Delhi.

The summit was announced by Union Power Minister Manohar Lal.

It is a global conference-cum-exhibition focused on the power and electricity sector.

The theme of the summit is “Electrifying Growth. Empowering Sustainability. Connecting Globally.”

Detailed Explanation:

Bharat Electricity Summit 2026 will be held from 19–22 March 2026 at Yashobhoomi, New Delhi.

The summit was announced by Union Power Minister Manohar Lal.

It is a global conference-cum-exhibition focused on the power and electricity sector.

The event aims to showcase India’s leadership in the global clean energy transition and its journey from energy scarcity to energy abundance.

The summit will address challenges across power generation, transmission, distribution, storage and smart consumption.

It will bring together stakeholders from government, industry, academia and civil society on a common platform.

The theme of the summit is “Electrifying Growth. Empowering Sustainability. Connecting Globally.”

12) Answer: A

Short Explanation:

As per the Periodic Labour Force Survey (PLFS) Monthly Bulletin for December 2025, the female Labour Force Participation Rate (LFPR) and Worker Population Ratio (WPR) reached their highest levels of the year, while the overall unemployment rate (UR) remained broadly stable at 4.8%, indicating resilience in India’s labour market.

Detailed Explanation:

As per the Periodic Labour Force Survey (PLFS) Monthly Bulletin for December 2025, the female Labour Force Participation Rate (LFPR) and Worker Population Ratio (WPR) reached their highest levels of the year, while the overall unemployment rate (UR) remained broadly stable at 4.8%, indicating resilience in India’s labour market.

The PLFS is conducted by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI).

From January 2025, the PLFS methodology was modified to provide monthly and quarterly labour market estimates using the Current Weekly Status (CWS) approach.

13) Answer: D

Short Explanation:

The Government e-Marketplace (GeM) has completed seven years of the Womaniya Initiative, a flagship programme aimed at enhancing the participation of women-led Micro and Small Enterprises in government public procurement.

The initiative was launched on 14 January 2019 to address limited access of women entrepreneurs and Self-Help Groups to government markets.

Detailed Explanation:

The Government e-Marketplace (GeM) has completed seven years of the Womaniya Initiative, a flagship programme aimed at enhancing the participation of women-led Micro and Small Enterprises in government public procurement.

The initiative was launched on 14 January 2019 to address limited access of women entrepreneurs and Self-Help Groups to government markets.

Womaniya provides a direct, transparent and fully digital interface between sellers and government buyers, eliminating intermediaries and reducing traditional entry barriers.

Over time, it has evolved into a national-level ecosystem, enabling women-led enterprises to compete, scale and gain credibility in public procurement.

As of 14 January 2026, more than two lakh women-led Micro and Small Enterprises are registered on the GeM portal.

14) Answer: A

Short Explanation:

The Government of Madhya Pradesh has signed a Memorandum of Understanding (MoU) with the Digital India BHASHINI Division to integrate multilingual and AI-powered language technologies across state government digital platforms.

Detailed Explanation:

The Government of Madhya Pradesh has signed a Memorandum of Understanding (MoU) with the Digital India BHASHINI Division to integrate multilingual and AI-powered language technologies across state government digital platforms.

The objective is to promote inclusive, citizen-centric and voice-first digital governance, ensuring improved last-mile delivery of public services in Indian languages.

The MoU was signed at the Madhya Pradesh Regional AI Impact Conference 2026, held in Bhopal.

The conference was organised by the Department of Science and Technology, Government of Madhya Pradesh, in collaboration with the IndiaAI Mission.

15) Answer: B

Short Explanation:

INSV Kaundinya, a traditionally built stitched-plank Indian sailing vessel, completed a maiden overseas voyage of about 1,400 km from Porbandar, Gujarat to Muscat, Oman in 17 days.

Detailed Explanation:

INSV Kaundinya, a traditionally built stitched-plank Indian sailing vessel, completed a maiden overseas voyage of about 1,400 km from Porbandar, Gujarat to Muscat, Oman in 17 days.

The vessel was received at Port Sultan Qaboos by Union Minister Sarbananda Sonowal and Omani officials, highlighting 5,000-year-old maritime and civilisational ties between India and Oman.

The ship is skippered by Commander Vikas Sheoran and sailed by a 16-member crew, which includes economist Sanjeev Sanyal.

16) Answer: A

Short Explanation:

Scientists have inaugurated the world’s first global ice vault in Antarctica to preserve mountain ice core samples threatened by rapid glacier melting due to global warming.

The Ice Memory Project was launched in 2015 and plans to collect and store ice cores from around 10 glaciers worldwide, with more glaciers to be added in the coming years.

Detailed Explanation:

Scientists have inaugurated the world’s first global ice vault in Antarctica to preserve mountain ice core samples threatened by rapid glacier melting due to global warming.

The initiative is led by the Ice Memory Foundation, a consortium of European research institutions, aimed at safeguarding ice cores as long-term climate archives for future generations.

The first ice core samples were extracted from Mont Blanc (France) and Grand Combin (Switzerland).

These ice cores are being stored at Concordia Station, Antarctica, maintained at a constant temperature of around –52°C, ensuring long-term preservation.

The Ice Memory Project was launched in 2015 and plans to collect and store ice cores from around 10 glaciers worldwide, with more glaciers to be added in the coming years.

17) Answer: E

Short Explanation:

The Adani Group has partnered with Brazil’s Embraer to set up India’s first Final Assembly Line (FAL) for commercial fixed-wing aircraft.

Detailed Explanation:

The Adani Group has partnered with Brazil’s Embraer to set up India’s first Final Assembly Line (FAL) for commercial fixed-wing aircraft.

Under the partnership, Embraer regional jets designed for short- to medium-haul routes with a seating capacity of 70 to 146 passengers will be manufactured in India.

Adani Aerospace signed a Memorandum of Understanding (MoU) with Embraer in Brazil for the proposed Final Assembly Line (FAL).

Details regarding the project location and investment size have not yet been disclosed.

18) Answer: C

Short Explanation:

Galgotias University, ranked among the world’s leading universities by QS (Quacquarelli Symonds) and Times Higher Education (THE), inaugurated the IIT Mandi Catalyst Satellite Centre at its campus in Greater Noida, Uttar Pradesh (UP).

Detailed Explanation:

Galgotias University, ranked among the world’s leading universities by QS (Quacquarelli Symonds) and Times Higher Education (THE), inaugurated the IIT Mandi Catalyst Satellite Centre at its campus in Greater Noida, Uttar Pradesh (UP).

The inauguration marks a major milestone in strengthening innovation-driven learning, entrepreneurship, and India’s startup ecosystem.

The centre has been established in collaboration with IIT Mandi, Himachal Pradesh (HP).

The primary aim of the centre is to support early-stage startups, promote deep-tech innovation, and bridge the gap between research and real-world applications.

19) Answer: A

Short Explanation:

The DST–NIDHI Centre of Excellence (CoE) has been launched at IIM Ahmedabad to promote deep-tech entrepreneurship and technology translation.

The centre is supported by ₹40 crore funding from the Department of Science & Technology (DST).

Detailed Explanation:

The DST–NIDHI Centre of Excellence (CoE) has been launched at IIM Ahmedabad to promote deep-tech entrepreneurship and technology translation.

The centre is supported by ₹40 crore funding from the Department of Science & Technology (DST).

The CoE was inaugurated by Dr. Jitendra Singh, Minister of State (Independent Charge) for Science & Technology and Earth Sciences on January 12, 2026.

The initiative aims to bring together technology experts, management professionals, and industry to convert scientific research into market-ready products.

20) Answer: D

Short Explanation:

The All India Spices Exporters Forum (AISEF) will organise the 9th International Spice Conference (ISC 2026) from February 23–26, 2026 in Kochi, Kerala.

The theme of ISC 2026 is “Spice 360 – Getting Future Ready”, focusing on the future of the global spice industry.

Detailed Explanation:

The All India Spices Exporters Forum (AISEF) will organise the 9th International Spice Conference (ISC 2026) from February 23–26, 2026 in Kochi, Kerala.

The theme of ISC 2026 is “Spice 360 – Getting Future Ready”, focusing on the future of the global spice industry.

The conference will bring together policymakers, industry leaders, researchers, and innovators from across the world.

Amitabh Kant, former G20 Sherpa and ex-CEO of NITI Aayog, will inaugurate the event and deliver the keynote address.

21) Answer: B

The World Economic Forum Global Risks Report 2026 (21st edition) warns that the world is entering an “Age of Competition”, marked by intensified rivalry among countries.

Competition is no longer limited to military power but increasingly involves trade restrictions, sanctions, technology controls, supply chain dominance, and information warfare.

22) Answer: A

Short Explanation:

Australian fast bowler Mitchell Starc has been awarded the ICC Men’s Player of the Month for December 2025 for his outstanding performances in the Ashes series.

Detailed Explanation:

Australian fast bowler Mitchell Starc has been awarded the ICC Men’s Player of the Month for December 2025 for his outstanding performances in the Ashes series.

The award recognises Starc’s decisive role in Australia’s 4–1 Ashes series victory during the home season.

Starc emerged as a dominant force throughout the Ashes, producing multiple match-winning spells with the ball.

23) Answer: C

Short Explanation:

South Africa captain Laura Wolvaardt won the ICC Women’s Player of the Month for December 2025 for her record-breaking performances against Ireland across T20I and ODI formats.

She edged out India’s Shafali Verma and South Africa teammate Sune Luus to secure the award.

Detailed Explanation:

South Africa captain Laura Wolvaardt won the ICC Women’s Player of the Month for December 2025 for her record-breaking performances against Ireland across T20I and ODI formats.

She edged out India’s Shafali Verma and South Africa teammate Sune Luus to secure the award.

This was Wolvaardt’s second ICC Player of the Month award in three months, having earlier won the honour in October 2025, highlighting her exceptional consistency and form.

The award reflects her impact both as a top-order batter and captain, leading South Africa to series victories.

In the T20I series, Wolvaardt produced a stunning unbeaten 115, scoring at a strike rate of 205.35, including 15 boundaries and four sixes.

24) Answer: E

FEDAI was established in 1958 as an association of banks dealing in foreign exchange.It is incorporated as a Section 8 company under the Companies Act, 2013 (formerly Section 25 of the 1956 Act).

As per RBI norms, an SRO must have a minimum net worth of ₹2 crore within one year of recognition or before commencing operations.

The shareholding of an SRO must be sufficiently diversified, and no single entity should hold 10% or more of the paid-up share capital, either individually or in concert.

At least one-third of the Board members, including the Chairperson, must be independent directors and should have no active association with any fintech entity.

The recognition of FEDAI as an SRO is a significant step towards enhancing consistency, accountability, and market integrity in India’s foreign exchange market.

25) Answer: E

Canara Bank is the first bank in India to adopt this NBSL plug-in-based UPI delivery model.

The system allows white-labelling of BHIM’s technology stack, enabling banks to offer UPI services while focusing on core banking operations.

The model was demonstrated through BHIM Vishwas, a proof-of-concept launched in 2025.