Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 18th June 2025. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2025 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) Recently, the International Finance Corporation (IFC) announced an investment of $60 million in which of the following funds to support mid-market companies in India?

(a) India Growth Equity Fund IV

(b) India Business Excellence Fund V G

(c) Motilal India Midcap Growth Fund

(d) Emerging India Opportunities Fund

(e) India Infrastructure Development Fund II

2) What is the primary objective of the Reserve Bank of India's draft directions on rupee interest rate derivatives?

(a) To introduce new forms of collateral in derivative markets

(b) To completely ban speculative trading in interest rate futures

(c) To increase the number of interest rate derivatives in the market

(d) To relax reporting requirements and align with global standards

(e) To reduce liquidity in the derivatives market

3) Following the RBI’s repo rate cut in June 2025, what is the revised Repo Linked Lending Rate (RLLR) announced by the State Bank of India (SBI)?

(a) 8.25%

(b) 7.50%

(c) 7.75%

(d) 8.65%

(e) 6.50%

4) Under the new Telecom Regulatory Authority of India (TRAI)directive, what is the maximum speed up to which Public Data Offices (PDOs)must receive Fiber-to-the-Home (FTTH)broadband plans at retail-equivalent tariffs?

(a) 50 Mbps

(b) 100 Mbps

(c) 150 Mbps

(d) 200 Mbps

(e) Unlimited Mbps

5) Under the Duare X-Ray initiative, how many AI-fitted portable X-Ray machines were initially distributed in South 24 Parganas?

(a) 10

(b) 12

(c) 18

(d) 16

(e) 14

6) Who has been appointed as the new Chief Executive Officer (CEO) of French luxury group Kering in June 2024?

(a) François-Henri Pinault

(b) Bernard Arnault

(c) Luca de Meo

(d) Alain Wertheimer

(e) Jean-Marc Duplaix

7) Recently, the Reserve Bank of India (RBI) has approved the reappointment of Sandeep Batra as Executive Director of which private sector bank?

(a) Axis Bank

(b) HDFC Bank

(c) ICICI Bank

(d) Kotak Mahindra Bank

(e) Yes Bank

8) Which country recently reaffirmed its support for India’s position against cross-border terrorism through a joint declaration?

(a) Greece

(b) Cyprus

(c) Israel

(d) France

(e) Germany

9) As per the report, the new Hindustan Aeronautics Limited (HAL) facility in which city is preparing for the maiden test flight of LCA Mk-1A by July 2025?

(a) Bengaluru

(b) Hyderabad

(c) Lucknow

(d) Nashik

(e) Pune

10) Recently, A new flowering plant species named Portulaca bharat was discovered in the rocky and semi-arid landscape of the Aravali hills near Jaipur. Under which category is Portulaca bharat currently classified by the IUCN Red List?

(a) Endangered

(b) Critically Endangered

(c) Vulnerable

(d) Data Deficient

(e) Near Threatened

11) According to the report, India entered a new quantum era by successfully demonstrating free-space quantum secure communication using quantum entanglement over more than 1 km distance.The free-space quantum secure communication was demonstrated on the campus of which Indian institute?

(a) IIT Bombay

(b) IIT Delhi

(c) IISc Bengaluru

(d) IIT Kanpur

(e) IIT Madras

12) According to the SIPRI estimates, what is the estimated number of nuclear warheads India and China possess as of January 2025?

(a) India – 170, China – 410

(b) India – 170, China – 500

(c) India – 172, China – 500

(d) India – 172, China – 410

(e) India – 174, China – 512

13) Recently, the Board of Control for Cricket in India to introduced Extra Bone Test for Age Verification in Junior Cricket to prevent players from losing a season due to the “+1 factor” added in the existing age calculation. What is the maximum bone age allowed for a U-16 boys' player to be eligible in the following season?

(a) 16.4 years

(b) 15.9 years

(c) 16.0 years

(d) 17.0 years

(e) 16.5 years

14) Recently in news, Andrea Kimi Antonelli achieved his first-ever Formula 1 podium at which Grand Prix?

(a) Japanese Grand Prix

(b) Canadian Grand Prix

(c) Italian Grand Prix

(d) Belgian Grand Prix

(e) British Grand Prix

15) Every year on June 17 is observed as World Day to Combat Desertification and Drought. What is the theme for World Day to Combat Desertification and Drought 2025?

(a) “Land. Life. Legacy.”

(b) “Food. Feed. Fibre.”

(c) “Healthy Land, Healthy Lives”

(d) “Restore the Land. Unlock the Opportunities.”

(e) “Land Restoration = Climate Recovery”

16) Who is the current President of the BCCI as of 2025?

(a) Sourav Ganguly

(b) Jay Shah

(c) Anurag Thakur

(d) Roger Binny

(e) Rahul Dravid

17) What is the capital city of Cyprus?

(a) Limassol

(b) Larnaca

(c) Paphos

(d) Famagusta

(e) Nicosia

18) Which zoo became the first in India to preserve DNA samples of over 60 wildlife species from the Himalayan region?

(a) Arignar Anna Zoological Park, Chennai

(b) Nandankanan Zoological Park, Odisha

(c) Padmaja Naidu Himalayan Zoological Park, Darjeeling

(d) Nehru Zoological Park, Hyderabad

(e) Alipore Zoological Gardens, Kolkata

19) What is the new FD interest rate for the ‘Amrit Vrishti’ scheme of 444 days?

(a) 6.85%

(b) 6.75%

(c) 6.65%

(d) 6.50%

(e) 6.60%

20) What is the reporting requirement for interest rate derivative transactions with non-residents not settled in rupees?

(a) Must be reported within 1 hour to RBI

(b) Must be reported before 5:00 PM of the same day

(c) Must be reported to the Trade Repository of CCIL within 30 minutes

(d) Must be reported to SEBI within 24 hours

(e) Must be reported before 12:00 PM of the following business day

Answers :

1) Answer: B

Short Explanation:

International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement to invest $60 million (about Rs 510 crore) in Motilal Oswal Alternates.

IFC is investing $60 million equity in the India Business Excellence Fund V G, managed by Motilal Oswal Alternates, the private investment arm of Motilal Oswal Financial Services Ltd.

Detailed Explanation:

International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement to invest $60 million (about Rs 510 crore) in Motilal Oswal Alternates.

The investment aims to help mid-market companies in India expand and create jobs in sectors like consumer, financial services, life sciences, and manufacturing.

IFC is investing $60 million equity in the India Business Excellence Fund V G, managed by Motilal Oswal Alternates, the private investment arm of Motilal Oswal Financial Services Ltd.

Along with this, IFC has an additional $60 million co-investment envelope to selectively invest alongside the fund in future deals.

The fund targets a size of $750 million, with an additional greenshoe option of $150 million.

2) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) has released draft directions aimed at relaxing reporting requirements for rupee interest rate derivatives to reduce compliance burden.

To enhance transparency, RBI proposes to introduce global standards for reporting interest rate derivatives transactions.

Detailed Explanation:

The Reserve Bank of India (RBI) has released draft directions aimed at relaxing reporting requirements for rupee interest rate derivatives to reduce compliance burden.

To enhance transparency, RBI proposes to introduce global standards for reporting interest rate derivatives transactions.

Interest rate derivatives are financial instruments whose value is based on rupee interest rates, prices of rupee interest rate instruments, or interest rate indices.

These derivatives help participants to:Hedge interest rate risks by locking in predetermined rates, Speculate on possible movements in interest rates.

The regulations allow various products including:Interest rate futures, Forward rate agreements (FRAs), Collar and reverse interest rate collar, Existing instruments like interest rate swaps

The reporting requirements have been rationalised to lessen the compliance burden.

3) Answer: C

Short Explanation:

State Bank of India (SBI), the country’s largest lender, has reduced lending rates by 50 basis points (bps) after the Reserve Bank of India’s (RBI) policy rate cut.

The Repo Linked Lending Rate (RLLR) of SBI is now 7.75%, down by 50 bps.

The External Benchmark Based Lending Rate (EBLR) has been cut from 8.65% to 8.15%, a reduction of 50 bps.

The new rates are effective from June 15, 2025.

The rate cuts follow the RBI’s jumbo rate cut on June 6, 2025, where the repo rate was reduced by 50 bps to 5.5% to support economic growth, which hit a four-year low of 6.5% in FY25.

Detailed Explanation:

State Bank of India (SBI), the country’s largest lender, has reduced lending rates by 50 basis points (bps) after the Reserve Bank of India’s (RBI) policy rate cut.

The Repo Linked Lending Rate (RLLR) of SBI is now 7.75%, down by 50 bps.

The External Benchmark Based Lending Rate (EBLR) has been cut from 8.65% to 8.15%, a reduction of 50 bps.

The new rates are effective from June 15, 2025.

The rate cuts follow the RBI’s jumbo rate cut on June 6, 2025, where the repo rate was reduced by 50 bps to 5.5% to support economic growth, which hit a four-year low of 6.5% in FY25.

4) Answer: D

The Telecom Regulatory Authority of India (TRAI) has prescribed a cap on tariffs charged to Public Data Offices (PDOs) under the PM-WANI scheme to keep public Wi-Fi affordable.

The PM-WANI framework was launched in December 2020 to accelerate the proliferation of internet services by setting up public WiFi hotspots aimed at building Digital India and driving economic benefits.

TRAI mandated that every service provider offering retail Fiber-to-the-Home (FTTH) broadband must provide all FTTH broadband plans up to 200 Mbps to PDOs at tariffs not exceeding the retail subscriber tariffs for the corresponding bandwidth.

TRAI found that the PM-WANI tariffs were around twice as costly compared to retail broadband FTTH tariffs for similar plans.

5) Answer: E

Short Explanation:

The West Bengal Health Department has launched the Duare X-Ray programme under the National Tuberculosis Elimination Program (NTEP).

Initially, 14 AI-fitted portable X-Ray machines have been sent to Primary Health Centres (PHCs) in two health districts of South 24 Parganas:8 machines to South 24 Parganas health district, 6 machines to Diamond Harbour health district

Detailed Explanation:

The West Bengal Health Department has launched the Duare X-Ray programme under the National Tuberculosis Elimination Program (NTEP).

The programme involves the distribution of portable X-Ray machines equipped with AI technology.

Initially, 14 AI-fitted portable X-Ray machines have been sent to Primary Health Centres (PHCs) in two health districts of South 24 Parganas:8 machines to South 24 Parganas health district, 6 machines to Diamond Harbour health district

These machines are portable and can be carried to health camps, including those in remote island areas of South 24 Parganas.

Each portable X-Ray machine, once charged, can perform at least 200 X-Rays.

Although primarily intended for tuberculosis (TB) patients, the X-Ray facility will also be available to those with other health complications visiting the PHCs or camps.

6) Answer: C

Kering, the French luxury group, has appointed Luca de Meo as its new Chief Executive Officer (CEO).

The decision was initiated by Chairman François-Henri Pinault and approved by Kering’s Board of Directors on 16 June 2024.

This appointment introduces a new governance model separating the roles of Chairman and CEO:

Pinault remains Chairman of the Board

De Meo to assume CEO role, pending shareholder approval at the meeting on 9 September 2024.

The Board will also appoint de Meo as Director and approve the new compensation policy aligned with the revamped structure.

7) Answer: C

Short Explanation:

ICICI Bank Limited, a private sector lender, announced that it has received approval from the Reserve Bank of India (RBI) for the reappointment of Sandeep Batra as Executive Director.

Detailed Explanation:

ICICI Bank Limited, a private sector lender, announced that it has received approval from the Reserve Bank of India (RBI) for the reappointment of Sandeep Batra as Executive Director.

The RBI has approved his reappointment for a two-year term, effective from December 23, 2025, to December 22, 2027.

Sandeep Batra is currently serving as Executive Director, with his ongoing term from December 23, 2023, to December 22, 2025, also previously approved by the RBI.

The earlier RBI approval for the current term was communicated on December 20, 2023.

8) Answer: B

Short Explanation:

Cyprus reaffirmed its steadfast support for India’s stance against cross-border terrorism.

Both nations jointly and unequivocally denounced terrorism and violent extremism in every form.

Indian Prime Minister Narendra Modi and Cypriot President Nikos Christodoulides held comprehensive discussions resulting in a joint declaration.

Detailed Explanation:

Cyprus reaffirmed its steadfast support for India’s stance against cross-border terrorism.

Both nations jointly and unequivocally denounced terrorism and violent extremism in every form.

Indian Prime Minister Narendra Modi and Cypriot President Nikos Christodoulides held comprehensive discussions resulting in a joint declaration.

The joint declaration emphasized:Strong condemnation of the recent barbaric killing of civilians in the Pahalgam terrorist attack in Jammu & Kashmir.

Reiteration of zero-tolerance stance toward terrorism, rejecting justification under any situation.

Asserted that terror perpetrators must be held accountable.

India and Cyprus condemned all types of terrorism including international, cross-border, and state-sponsored terrorism.

PM Modi’s visit to Cyprus marks his first foreign trip since Operation Sindoor was launched by India on May 7, 2025.

9) Answer: D

Short Explanation:

The Light Combat Aircraft (LCA) Mk-1A is manufactured by Hindustan Aeronautics Limited (HAL), with a new production facility in Nashik preparing for its maiden test flight by July.

Detailed Explanation:

The Light Combat Aircraft (LCA) Mk-1A is manufactured by Hindustan Aeronautics Limited (HAL), with a new production facility in Nashik preparing for its maiden test flight by July.

This is the first LCA Mk-1A built outside Bengaluru, with delivery to the Indian Air Force (IAF) expected between July and August 2025.

HAL currently produces 16 LCA Mk-1As annually in Bengaluru; the Nashik facility will increase total production to 24 jets per year.

The Bengaluru unit delivered the first Mk-1A to the IAF in March 2024.

The Nashik facility will produce two LCA Mk-1As in FY25 and plans to ramp up production to meet delivery commitments.

10) Answer: D

Short Explanation:

A new flowering plant species named Portulaca bharat was discovered in the rocky and semi-arid landscape of the Aravali hills near Jaipur.

Classified as “data deficient” under the International Union for Conservation of Nature (IUCN) Red List guidelines due to limited data.

Detailed Explanation:

A new flowering plant species named Portulaca bharat was discovered in the rocky and semi-arid landscape of the Aravali hills near Jaipur.

The species has unusual morphological characteristics, including opposite, slightly concave leaves, pale-yellow flowers turning creamish-white, glandular hairs on stamen filaments, and thick roots.

The plant is endemic to India and currently known from a single location near the historic Galtaji temple on the outskirts of Jaipur.

Only 10 individuals of this species were found in the wild, highlighting its narrow endemism and vulnerability to habitat degradation and climate change.

Classified as “data deficient” under the International Union for Conservation of Nature (IUCN) Red List guidelines due to limited data.

11) Answer: B

Short Explanation:

Detailed Explanation:

India entered a new quantum era by successfully demonstrating free-space quantum secure communication using quantum entanglement over more than 1 km distance.

The experiment was conducted through the Defence Research and Development Organisation (DRDO)-Industry-Academia Centre of Excellence (DIA-CoE) at IIT Delhi, using a free-space optical link on the IIT Delhi campus.

The demonstration achieved a secure key rate of nearly 240 bits per second with a quantum bit error rate (QBER) of less than 7%.

This entanglement-assisted quantum secure communication is crucial for real-time applications such as quantum cyber security, long-distance Quantum Key Distribution (QKD), quantum networks, and the future quantum internet.

The project, titled ‘Design and development of photonic technologies for free space QKD’, is sanctioned by the Directorate of Futuristic Technology Management (DFTM), DRDO.

The demonstration was led by Prof Bhaskar Kanseri’s research group with the presence of key dignitaries from DRDO and IIT Delhi.

12) Answer: C

Short Explanation:

According to the SIPRI estimates,India’s nuclear arsenal is estimated at at least 172 warheads as of January 2024, up from 170 a year earlier.

China’s nuclear arsenal increased significantly to 500 warheads in January 2025, up from 410 a year ago.

India is developing new delivery systems, including hypersonic glide vehicles.

Detailed Explanation:

India’s nuclear arsenal is estimated at at least 172 warheads as of January 2024, up from 170 a year earlier.

Pakistan’s nuclear arsenal is estimated to have 170 warheads, unchanged from the previous year.

China’s nuclear arsenal increased significantly to 500 warheads in January 2025, up from 410 a year ago.

India has more nuclear weapons than Pakistan, but China’s strategic arsenal is bigger than India’s.

India’s nuclear deterrent still mainly focuses on Pakistan, but there is growing emphasis on longer-range weapons targeting China.

India is modernizing its nuclear triad:Land-based missiles (e.g., Agni-V ICBM), Nuclear-capable aircraft, Development of nuclear-powered ballistic missile submarines (SSBNs)

India is developing new delivery systems, including hypersonic glide vehicles.

13) Answer: E

Short Explanation:

The Board of Control for Cricket in India (BCCI) has decided to conduct an additional bone test at the junior cricket level to prevent players from losing a season due to the “+1 factor” added in the existing age calculation.

The bone age cut-offs are:16.5 years for U-16 boys, 15 years for U-15 girls

For U-16 boys, bone age must be 16.4 years or below to be eligible in the following season.

For U-15 girls, the bone age must be 14.9 years or below to participate in the next season.

Detailed Explanation:

The Board of Control for Cricket in India (BCCI) has decided to conduct an additional bone test at the junior cricket level to prevent players from losing a season due to the “+1 factor” added in the existing age calculation.

Currently, players undergo a bone age test using the TW3 method (Tanner-Whitehouse 3) and a +1 factor is added to their bone age to determine eligibility for the next season in the same age group.

Under the new rule, an Under-16 boys’ player will undergo a second bone test the following season if the +1 factor disqualifies him in the previous year.

This step is to ensure that eligibility is based on scientific bone age measurement rather than arithmetical calculation.

The bone age cut-offs are:16.5 years for U-16 boys, 15 years for U-15 girls

For U-16 boys, bone age must be 16.4 years or below to be eligible in the following season.

For U-15 girls, the bone age must be 14.9 years or below to participate in the next season.

Example for boys:If a player’s bone age is 15.4 years in the 2025-26 season, he does not need another bone test the next season.

14) Answer: B

Short Explanation:

Andrea Kimi Antonelli, an 18-year-old Mercedes rookie, secured his first Formula 1 podium by finishing third in the 2025 Canadian Grand Prix in Montreal.

Detailed Explanation:

Andrea Kimi Antonelli, an 18-year-old Mercedes rookie, secured his first Formula 1 podium by finishing third in the 2025 Canadian Grand Prix in Montreal.

He became the third youngest podium finisher in F1 history at 18 years and 294 days, behind:Max Verstappen (18y, 228d), Lance Stroll (18y, 239d)

Antonelli is the first Italian to reach the F1 podium since 2006, when Giancarlo Fisichella last achieved the feat.

Antonelli also became the youngest F1 driver to set a fastest lap — 18 years and 225 days old during the Japanese Grand Prix, breaking Verstappen’s record.

He is also the third youngest driver to start a Formula 1 race.

Mercedes selected Antonelli for their F1 team in 2025, directly promoting him from F2, skipping F3, and gaining an exemption from the FIA super licence age requirement.

15) Answer: D

World Day to Combat Desertification and Drought is observed annually on 17 June to raise awareness on land degradation and promote sustainable land management.

It was established by the United Nations General Assembly in 1994 after adopting the United Nations Convention to Combat Desertification (UNCCD).

The 2025 theme is “Restore the Land. Unlock the Opportunities.”, emphasizing the need to restore 1.5 billion hectares of degraded land by 2030.

16) Answer: D

About Board of Control for Cricket in India :

Founded : December 1, 1928

Headquarters : Mumbai, Maharashtra, India

President : Roger Binny

17) Answer: E

About Cyprus :

President : Nikos Christodoulides

Capital : Nicosia

Currency : Euro

18) Answer: C

In March 2025, The Padmaja Naidu Himalayan Zoological Park in Darjeeling, West Bengal became the first zoo in the country to preserve DNA samples of more than 60 varieties of wildlife found exclusively in the snowy Himalayan terrains.

19) Answer: E

SBI has also reduced fixed deposit (FD) rates by 25 bps across all maturities up to Rs 3 crore, effective June 15, 2025.

Revised fixed deposit interest rates:

1-2 years: reduced to 6.50%

2 to less than 3 years: reduced to 6.45%

3-5 years: reduced to 6.30%

5-10 years: reduced to 6.05%

The interest rate on ‘444 days’ Amrit Vrishti scheme reduced from 6.85% to 6.60%.

Senior citizens receive an additional 50 bps, while super senior citizens get an additional 60 bps over the card rate.

20) Answer: C

Interest rate derivatives are financial instruments whose value is based on rupee interest rates, prices of rupee interest rate instruments, or interest rate indices.

These derivatives help participants to:Hedge interest rate risks by locking in predetermined rates, Speculate on possible movements in interest rates.

The regulations allow various products including:Interest rate futures, Forward rate agreements (FRAs), Collar and reverse interest rate collar, Existing instruments like interest rate swaps

Reporting timelines:Transactions with non-residentsnot settled in rupees must be reported to the Trade Repository of Clearing Corporation of Indiawithin 30 minutes of the transaction.

Transactions in foreign currency must be reported before 12:00 PM of the following business day.

Current guidelines mandate that all such transactions be reported within 30 minutes, including an indication of their purpose.