Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 21st May 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) India has become the ____ country where Emirates NBD has established an onshore presence, following the UAE, Saudi Arabia, Egypt, Singapore, and the UK.

(a) Fourth

(b) Fifth

(c) Seventh

(d) Sixth

(e) Eighth

2) Which two entities recently entered into a bancassurance partnership to offer life insurance products to customers?

(a) HDFC Bank and SBI Life Insurance

(b) Axis Bank and Max Life Insurance

(c) Aditya Birla Capital and Kotak Life Insurance

(d) RailTel and LIC of India

(e) SBM Bank India and ICICI Prudential Life Insurance

3) As per the report, the Securities and Exchange Board of India Strengthens Governance by Tightening and Standardising Internal Audit Norms for Market Infrastructure Institutions (MIIs).    Which of the following is NOT a function covered by the internal auditor under the new rules?

(a) Risk management

(b) Business development

(c) Regulatory compliance

(d) Marketing strategies

(e) Investor grievances

4) As of 16 May 2025, what is the highest interest rate offered by SBI on retail domestic term deposits?

(a) 6.7% for 2 years to less than 3 years

(b) 6.5% for 1 year to less than 2 years

(c) 6.55% for 3 years to less than 5 years

(d) 6.3% for 211 days to less than 1 year

(e) 6.3% for 5 years to 10 years

5) As per the Directorate General of Foreign Trade(DGFT) Issues Import Policy for Newly Introduced ITC (HS) Codes on Precious Metals under Finance Act 2025. Which precious metals have received new HS codes under the amended policy?

(a) Gold dore, silver dore, and platinum (99% purity)

(b) Copper, gold bullion, and aluminum

(c) Diamond, ruby, and emerald

(d) Refined gold, silver coins, and iron ore

(e) Palladium, rhodium, and nickel

6) What is the proposed total investment cap by all regulated entities (REs) in any Alternative Investment Fund (AIF) scheme?

(a) 5% of the scheme's corpus

(b) 25% of the scheme's corpus

(c) 50% of the scheme's corpus

(d) 10% of the scheme's corpus

(e) 15% of the scheme's corpus

7) Which of the following events coincided with the 30-year U.S. Treasury bond yield rising to 5.02%, its highest level this year with the biggest one-day jump in over six months?

(a) The Federal Reserve increased interest rates by 50 basis points

(b) The U.S. dollar was removed from IMF’s reserve currency basket

(c) Moody’s downgraded the U.S. credit rating from Aaa to Aa1

(d) The U.S. Senate passed a new stimulus package

(e) Aditya Birla Capital launched a sovereign bond ETF

8) When did the Government e-Marketplace (GeM) celebrate its 8th Incorporation Day?

(a) May 15, 2025

(b) May 19, 2025

(c) May 20, 2025

(d) May 9, 2025

(e) May 18, 2025

9) Recently, India achieved a major public health milestone by receiving the WHO Certificate of Elimination of Trachoma as a public health problem during the 78th World Health Assembly (WHA) held in Geneva.Who headed the Indian delegation at the event?

(a) Mansukh Mandaviya

(b) Vinod Paul

(c) Rajesh Bhushan

(d) Punya Salila Srivastava

(e) Lav Agarwal

10) As per the news, the United Kingdom and European Union Agree on post-Brexit deal to Strengthen Trade and Security Cooperation. Which of the following is one of the benefit for UK citizens under the new deal?

(a) Removal of all border controls between UK and EU

(b) Free movement of all EU citizens to UK

(c) UK travellers can use electronic passport gates in EU countries

(d) UK citizens get automatic EU citizenship

(e) EU citizens can vote in UK elections

11) Which organization has recently been assigned the management of Tamil Nadu’s ₹50 crore Endangered Species Conservation Fund?

(a) Tamil Nadu Power Finance Corporation

(b) Advanced Institute of Wildlife Conservation (AIWC), Vandalur

(c) Tamil Nadu Transport Development Finance Corporation

(d) State Forest Development Agency (SFDA)

(e) Tamil Nadu Forest Research Institute

12) What is the primary objective of the Viksit Krishi Sankalp Abhiyan?

(a) Expand industrial development

(b) Build rural infrastructure

(c) Promote tourism in rural areas

(d) Reduce exports of agricultural products

(e) Increase agricultural productivity and output

13) Which state has received the highest fund allocation under MGNREGS in FY26?

(a) Tamil Nadu

(b) Bihar

(c) Uttar Pradesh

(d) Karnataka

(e) Maharashtra

14) What is the primary objective of the Cochin International Airport (CIAL) 2.0 project?

(a) Modernize and digitize airport operations

(b) Expand airport terminals

(c) Increase flight frequency

(d) Build new runways

(e) Privatize airport management

15) Who has been appointed as the Global Capability Center (GCC) Practice Leader at HCL Technologies?

(a) Rajesh Gopinathan

(b) Kiran Cherukuri

(c) C. Vijayakumar

(d) N. Ganapathy Subramaniam

(e) Anant Gupta

16) Who ceased to be the LIC Nominee Director on the Board of IDBI Bank as of May 18, 2025?

(a) Raj Kumar

(b) Anil Ambani

(c) Sunil Mehta

(d) Rajesh Gopinathan

(e) Vikram Limaye

17) What is the primary focus of Operation Olivia by the Indian Coast Guard?

(a) Marine conservation and protecting Olive Ridley turtles

(b) Anti-piracy operations in the Arabian Sea

(c) Coastal disaster relief and rescue

(d) Combating illegal sand mining

(e) Fisheries development promotion

18) Which of the following features does the revamped Overseas Citizen of India (OCI) portal offer?

(a) Updated user interface for simplified registration

(b) Online medical consultation services

(c) Virtual consular appointments

(d) Passport delivery tracking

(e) Online tax payment system

19) Which company has added Delhi Metro ticket booking within its app?

(a) Ola

(b) Uber

(c) Rapido

(d) Meru

(e) Bounce

20) Match the correct Date with the Event:

(a) 1-A, 2-B,3-D,4-C

(b) 1-D, 2-C,3-B,4-A

(c) 1-C, 2-D,3-A,4-B

(d) 1-B, 2-C,3-D,4-A

(e) All are correctly paired

Answers :

1) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) has granted “in-principle” approval to Emirates NBD Bank PJSC to set up a Wholly Owned Subsidiary (WOS) in India.

This is under the “Scheme for Setting up of WOS by foreign banks in India”.

India is the sixth country where Emirates NBD has an onshore presence, after the UAE, Saudi Arabia, Egypt, Singapore, and the UK.

Detailed Explanation:

The Reserve Bank of India (RBI) has granted “in-principle” approval to Emirates NBD Bank PJSC to set up a Wholly Owned Subsidiary (WOS) in India.

This is under the “Scheme for Setting up of WOS by foreign banks in India”.

Emirates NBD Bank currently operates in India through branches in Chennai, Gurugram, and Mumbai.

The in-principle approval allows the bank to convert its existing branches into a WOS structure.

RBI will consider granting a full banking licence under Section 22(1) of the Banking Regulation Act, 1949, after the bank fulfills all RBI’s conditions as part of this approval.

Emirates NBD is among the few foreign banks to get regulatory clearance via the WOS route. Other banks with WOS in India include DBS Bank India and SBM India.

Emirates NBD inaugurated its first full-fledged Indian branch in Mumbai in 2017.India is the sixth country where Emirates NBD has an onshore presence, after the UAE, Saudi Arabia, Egypt, Singapore, and the UK.

2) Answer: E

Short Explanation:

SBM Bank India and ICICI Prudential Life Insurance Company have entered into a bancassurance partnership.

SBM Bank India operates 22 branches across India, including a recently opened branch in Tivri, Naigaon, Maharashtra.

Detailed Explanation:

SBM Bank India and ICICI Prudential Life Insurance Company have entered into a bancassurance partnership.

Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base.

The partnership aims to offer a wide range of life insurance products to SBM Bank India’s customers.

Products offered will include:

Term insurance

Long-term savings

Wealth creation products

Retirement income planning solutions

SBM Bank India operates 22 branches across India, including a recently opened branch in Tivri, Naigaon, Maharashtra.

3) Answer: D

Short Explanation:

The Securities and Exchange Board of India (SEBI) has tightened and standardised the internal audit mechanism norms for Market Infrastructure Institutions (MIIs) to strengthen governance.

The internal auditor must cover all functions and activities of MIIs, including critical verticals like operations, regulatory, compliance, risk management, investor grievances, and business development.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has tightened and standardised the internal audit mechanism norms for Market Infrastructure Institutions (MIIs) to strengthen governance.

Managing Directors (MDs) are barred from being part of audit committees.

Market Infrastructure Institutions (MIIs) are organizations that provide the essential facilities for trading, clearing, and settling financial instruments like stocks, bonds, and derivatives.

Key Managerial Personnel (KMPs) may be invited to audit committee meetings with approval of the committee’s chairman but without voting rights.

Auditors and KMPs have the right to be heard in audit committee meetings when the auditor’s report is discussed but do not have voting rights.

The new norms will be effective after three months from the circular.

The internal auditor must cover all functions and activities of MIIs, including critical verticals like operations, regulatory, compliance, risk management, investor grievances, and business development.

4) Answer: A

Short Explanation:

State Bank of India (SBI), the country’s largest lender, has cut interest rates on retail domestic term deposits by 20 basis points (bps)across all tenors, effective 16 May 2025.

The move reflects improved liquidity conditions in the financial system.

Revised deposit rates (for general public):

211 days to < 1 year: 6.30% (earlier 6.5%)

1 year to < 2 years: 6.5%

2 years to < 3 years: 6.7% (highest return)

Detailed Explanation:

State Bank of India (SBI), the country’s largest lender, has cut interest rates on retail domestic term deposits by 20 basis points (bps)across all tenors, effective 16 May 2025.

The move reflects improved liquidity conditions in the financial system.

Revised deposit rates (for general public):

211 days to < 1 year: 6.30% (earlier 6.5%)

1 year to < 2 years: 6.5%

2 years to < 3 years: 6.7% (highest return)

3 years to < 5 years: 6.55%

5 years to 10 years: 6.30%

This is the second consecutive deposit rate cut by SBI.

In April 2025, SBI had cut rates by 10–25 bps.

The cuts follow the Reserve Bank of India’s (RBI) policy actions:

In April 2025, RBI cut the repo rate by 25 bps to 6%, shifting its stance from ‘neutral’ to ‘accommodative’ to support economic growth.

The rate cuts and competitive deposit environment have impacted banks’ interest margins.

5) Answer: A

The Directorate General of Foreign Trade (DGFT) has amended the import policy and policy conditions for specific Indian Trade Classification (Harmonised System) 2022 [ITC (HS) 2022] codes, including those for precious metals, in line with the Finance Act 2025.

The import policy for ITC(HS) codes under Chapter 71 of ITC (HS) 2022, Schedule (Import Policy), newly created under the Finance Act 2025 (dated March 29, 2025), has been notified with immediate effect.

This amendment ensures consistency between customs duties and import regulations.

New HS codes introduced for key precious metals items:

Gold dore

Silver dore

Platinum containing at least 99% platinum

Separate HS codes for gold and silver dore help customs track semi-processed forms of these metals, preventing misuse to bypass higher duties on refined gold and silver.

6) Answer: E

Short Explanation:

The Reserve Bank of India (RBI) has proposed revised guidelines to ease investment norms for regulated entities (REs) like banks and Non Banking Finance Companies (NBFCs) in Alternative Investment Funds (AIFs).

Total investment by all REs in any AIF scheme is capped at 15% of the scheme's corpus.

Detailed Explanation:

The Reserve Bank of India (RBI) has proposed revised guidelines to ease investment norms for regulated entities (REs) like banks and Non Banking Finance Companies (NBFCs) in Alternative Investment Funds (AIFs).

AIFs are privately pooled investment vehicles that invest in assets outside traditional categories like stocks and bonds.

Under the new proposal:

Total investment by all REs in any AIF scheme is capped at 15% of the scheme's corpus.

Individual RE investment is capped at 10% of the corpus.

Investments up to 5% by an RE in an AIF scheme are allowed without restriction.

If an RE invests more than 5%, and the AIF has downstream debt investment in a debtor company of the RE, then the RE must make 100% provisioning for its proportionate exposure.

7) Answer: C

Short Explanation:

30-year Treasury bond yield reached its highest level this year at 5.02%, rising by 13 basis points (bps), the biggest one-day increase in over six months.

The US lost its remaining AAA-credit rating from Moody’s Investors Service, which downgraded it by one notch from Aaa to Aa1

Detailed Explanation:

30-year Treasury bond yield reached its highest level this year at 5.02%, rising by 13 basis points (bps), the biggest one-day increase in over six months.

The US lost its remaining AAA-credit rating from Moody’s Investors Service, which downgraded it by one notch from Aaa to Aa1 (note: the passage states "Aaa from Aaa," likely a typo, Moody’s downgrade means loss of top AAA rating).

Moody’s downgrade cited large fiscal deficits and growing interest costs as main reasons.

Previously, Fitch and S&P Global had downgraded the US years ago.

The downgrade triggered a negative market reaction:

Treasury yields rose

The US dollar and stock indexes fell

Investor confidence weakened

US President Donald Trump’s tax-cut bill, approved by a key congressional committee, threatens to add $3 trillion to national debt over the next decade, increasing fiscal concerns.

8) Answer: B

Short Explanation:

The Government e-Marketplace (GeM), India’s digital public procurement portal, celebrated its 8th Incorporation Day on May 19, 2025.

Detailed Explanation:

The Government e-Marketplace (GeM), India’s digital public procurement portal, celebrated its 8th Incorporation Day on May 19, 2025.

Launched in 2016, GeM has played a pivotal role in transforming government procurement by making it more inclusive, transparent, and efficient.

Empowerment of Enterprises and Artisans: Over 10 lakh Micro and Small Enterprises (MSEs) have been onboarded, along with 1.84 lakh women entrepreneurs and 1.3 lakh artisans and weavers, reflecting GeM’s inclusive procurement approach.

Support for Startups: The platform hosts 31,000 startups, encouraging innovation and broader participation in public procurement.

9) Answer: D

Short Explanation:

India achieved a major public health milestone by receiving the WHO Certificate of Elimination of Trachoma as a public health problem during the 78th World Health Assembly (WHA) held in Geneva.

Indian Delegation: The country’s delegation to WHA was headed by Punya Salila Srivastava, Secretary, MoHFW.

Detailed Explanation:

India achieved a major public health milestone by receiving the WHO Certificate of Elimination of Trachoma as a public health problem during the 78th World Health Assembly (WHA) held in Geneva.

This recognition highlights India’s success in tackling one of the leading causes of preventable blindness through sustained healthcare interventions and community-level action.

Trachoma Overview: A neglected tropical disease (NTD) caused by Chlamydia trachomatis, trachoma spreads through contact with infected eye/nasal secretions or flies and is a major cause of infectious blindness, especially in areas with poor hygiene.

Official Recognition by WHO: The certificate was presented by WHO Director-General Dr. Tedros Adhanom Ghebreyesus, acknowledging India’s elimination efforts led by the Ministry of Health and Family Welfare (MoHFW).

Indian Delegation: The country’s delegation to WHA was headed by Punya Salila Srivastava, Secretary, MoHFW.

10) Answer: C

Short Explanation:

Britain (United Kingdom) and the European Union (EU) have agreed on a new deal to restore closer ties post-Brexit, focusing on trade and security.

UK travellers can use electronic passport gates in EU countries.

Detailed Explanation:

Britain (United Kingdom) and the European Union (EU) have agreed on a new deal to restore closer ties post-Brexit, focusing on trade and security.

The deal reflects concerns about the US pulling back from European security and imposing new trade tariffs.

The agreement supports British Prime Minister Keir Starmer’s goal to “reset” relations with the EU, nearly nine years after Brexit.

Key benefits for UK citizens and businesses include:

UK travellers can use electronic passport gates in EU countries.

Simplified pet travel between the UK and EU.

British meat products are allowed again in the EU.

Some checks on animal and plant products at borders will be removed.

The deal was announced at Lancaster House in London, with Starmer, Ursula von der Leyen (European

11) Answer: B

Short Explanation:

The Tamil Nadu Forest Department has reassigned management of its ₹50 crore Endangered Species Conservation Fund to the Advanced Institute of Wildlife Conservation (AIWC), Vandalur.

Detailed Explanation:

The Tamil Nadu Forest Department has reassigned management of its ₹50 crore Endangered Species Conservation Fund to the Advanced Institute of Wildlife Conservation (AIWC), Vandalur.

This change was prompted by the State Forest Development Agency (SFDA) being found non-functional.

Announced in 2024 with a corpus of ₹50 crore.

Initially managed by SFDA; temporarily held by Tamil Nadu Power Finance Corporation or Tamil Nadu Transport Development Finance Corporation.

Aimed to survey, map, assess endangered species and build research – conservation partnerships.

12) Answer: E

Short Explanation:

The Tripura government has launched the Viksit Krishi Sankalp Abhiyan from May 29 to June 12, 2025, as part of a central initiative led by the Union Ministry of Agriculture.

The campaign focuses on improving agricultural productivity and farmer welfare by promoting awareness of government schemes and modern farming practices.

Detailed Explanation:

The Tripura government has launched the Viksit Krishi Sankalp Abhiyan from May 29 to June 12, 2025, as part of a central initiative led by the Union Ministry of Agriculture.

The campaign focuses on improving agricultural productivity and farmer welfare by promoting awareness of government schemes and modern farming practices.

To increase agricultural productivity and output

To reduce input costs and improve farmer incomes

To spread awareness of state and centrally sponsored schemes

To promote scientific agricultural techniques and innovations

Coverage and Duration:

Campaign period: May 29 – June 12, 2025

Implementation across all villages and gram panchayats in Tripura

Implementing Bodies:

State Agriculture Department

Indian Council of Agricultural Research (ICAR)

Krishi Vigyan Kendras (KVKs)

13) Answer: A

Short Explanation:

Tamil Nadu has emerged as the largest recipient of funds from the Central government under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the current fiscal year (FY26), followed by Uttar Pradesh and Bihar (which is poll-bound).

Detailed Explanation:

Tamil Nadu has emerged as the largest recipient of funds from the Central government under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the current fiscal year (FY26), followed by Uttar Pradesh and Bihar (which is poll-bound).

Fund Allocation (FY26 so far):

Tamil Nadu: ₹2,900+ crore

Uttar Pradesh: ₹2,100+ crore

Bihar: ₹2,000 crore approx.

Top 10 Recipients: Include Karnataka, despite being governed by the opposition.

These allocations come amid political debates and allegations by opposition-ruled states over the distribution of funds in Centrally Sponsored Schemes (CSS), including MGNREGS.

14) Answer: A

Short Explanation:

Detailed Explanation:

Kerala Chief Minister Pinarayi Vijayan inaugurated the ambitious ₹200 crore CIAL 2.0 project aimed at fully digitising operations at Cochin International Airport (CIAL), focusing on artificial intelligence, automation, and enhanced cybersecurity.

Project Objective:
To modernize and digitize airport operations to improve efficiency, security, and passenger experience.

Significance:

CIAL handles around 50,000 passengers daily, with nearly 100,000 people visiting for travel-related activities, emphasizing the critical need for securing digital assets.

The project reflects a model of socialising profit rather than privatisation.

Technological Upgrades under CIAL 2.0:

Introduction of AI-enabled surveillance cameras (4,000 units) for enhanced security.

15) Answer: B

HCL Technologies (HCLTech) has appointed Kiran Cherukuri as the Global GCC Practice Leader.

In this role, he will be responsible for scaling HCLTech’s Global Capability Center (GCC) practice.

His focus will be on delivering specialized offerings that utilize HCLTech's services, technology portfolio, and corporate function capabilities.

GCCs (Global Capability Centers) are key strategic units for global organizations to drive business operations, innovation, and digital transformation.

16) Answer: A

Raj Kumar, the LIC Nominee Director, has ceased to hold his position on the Board of IDBI Bank with effect from May 18, 2025.

His departure is due to the completion of his term as per the official statement by IDBI Bank in a regulatory filing.

LIC (Life Insurance Corporation) and the Government of India are the major promoters of IDBI Bank, collectively holding 94.71% stake.

17) Answer: A

Short Explanation:

Operation Olivia is an annual mission by the Indian Coast Guard (ICG) focused on marine conservation, especially protecting Olive Ridley turtles.

In February 2025, the ICG protected a record 6.98 lakh Olive Ridley turtles nesting at the Rushikulya river mouth, Odisha.

Detailed Explanation:

Operation Olivia is an annual mission by the Indian Coast Guard (ICG) focused on marine conservation, especially protecting Olive Ridley turtles.

In February 2025, the ICG protected a record 6.98 lakh Olive Ridley turtles nesting at the Rushikulya river mouth, Odisha.

The operation runs every year from November to May, covering key nesting sites like Gahirmatha Beach and other coastal areas of Odisha.

Odisha witnesses the arrival of over 8 lakh turtles annually during the nesting season.

Since its inception, Operation Olivia has conducted over:

5,387 surface patrol sorties

1,768 aerial surveillance missions

These efforts have helped reduce threats such as illegal fishing and habitat disruption.

During recent operations, 366 boats involved in illegal fishing were detained, showing ICG’s active enforcement.

18) Answer: A

Short Explanation:

Union Home Minister and Minister of Cooperation, Shri Amit Shah, launched the new Overseas Citizen of India (OCI) Portal in New Delhi.

The revamped OCI portal features an updated user interface to simplify the registration process for Overseas Citizens.

Detailed Explanation:

Union Home Minister and Minister of Cooperation, Shri Amit Shah, launched the new Overseas Citizen of India (OCI) Portal in New Delhi.

The launch was attended by senior officials, including the Union Home Secretary and Director of the Intelligence Bureau (IB).

The new portal aims to provide world-class immigration facilities for OCI cardholders under the leadership of Prime Minister Narendra Modi.

The revamped OCI portal features an updated user interface to simplify the registration process for Overseas Citizens.

The portal can be accessed at the existing URL:https://ociservices.gov.in.

The OCI scheme was introduced via an amendment to the Citizenship Act, 1955, in 2005.

It allows Persons of Indian Origin to register as Overseas Citizens of India, if they were citizens on or after 26 January 1950 or were eligible then.

Individuals linked to Pakistan or Bangladesh citizenship (self or ancestors) are not eligible.

19) Answer: B

Short Explanation:

Uber has added Delhi Metro ticket booking within its app, powered by the Open Network for Digital Commerce (ONDC).

Users can now plan routes, purchase QR-based metro tickets, receive real-time updates, and book an Uber to the station—all without leaving the app.

Detailed Explanation:

Uber has added Delhi Metro ticket booking within its app, powered by the Open Network for Digital Commerce (ONDC).

Users can now plan routes, purchase QR-based metro tickets, receive real-time updates, and book an Uber to the station—all without leaving the app.

ONDC Integration: Enables in-app access to digital public goods, following the 2024 MoU signed during CEO Dara Khosrowshahi’s India visit.

Seamless Multimodal Flow: Combines metro ticket purchase and ride-to-station booking in one user journey, encouraging public transport use.

Real-Time Information: Offers live train schedules, platform alerts, and ticket validity updates.

Expansion Plans: Uber will roll out metro ticketing in three more Indian cities by end of 2025.

20) Answer: D

Starting in 2025, the United Nations General Assembly officially declared May 19 as World Fair Play Day to recognize the role of sports in promoting peace, inclusion, and justice worldwide.

World Bee Day, observed annually on May 20, is a United Nations initiative recognizing the crucial role of bees and other pollinators in maintaining biodiversity and global food security. The 2025 theme, “Bee inspired by nature to nourish us all,” highlights the connection between pollinators, sustainable agrifood systems, and ecosystem health.

World Day for Cultural Diversity for Dialogue and Development was observed on May 21.

Anti-Terrorism Day is celebrated every year on May 21.