Daily Current Affairs Quiz - 27th February 2025

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 27th 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) What is the impact of the RBI’s reversal of increased risk weights for bank loans to NBFCs, effective April 1, 2025?

(a) Banks will require more capital to lend to NBFCs.

(b) It will lead to a substantial capital release for banks.

(c) Risk weights for all microloans have been increased to 125%.

(d) Year-on-year loan growth to NBFCs increased to 20% in December 2024.

(e) The decision does not affect overall bank credit growth.


2) With which sports organization has IndusInd Bank partnered as its official Banking Partner?

(a) Board of Control for Cricket in India (BCCI)

(b) Indian Premier League (IPL)

(c) Professional Golf Tour of India (PGTI)

(d) Hockey India League (HIL)

(e) Badminton Association of India (BAI)


3) Recently, the SIDBI has signed an MoU with which company to enhance funding opportunities for MSMEs?

(a) HDFC Bank

(b) Tata Capital Limited (TCL)

(c) ICICI Bank

(d) Bajaj Finserv

(e) Axis Bank


4) What is the name of the digital personal loan platform introduced by South Indian Bank (SIB)?

(a) SIB EASYPL

(b) SIB QUICKPL

(c) SIB FASTLOAN

(d) SIB INSTANTPL

(e) SIB QUICKCASH


5) Which Indian bank has been rated the highest in the S&P Global Corporate Sustainability Assessment (CSA) 2024?

(a) HDFC Bank

(b) ICICI Bank

(c) State Bank of India

(d) YES Bank

(e) Axis Bank


6) Which department has invited bids from merchant bankers for stake sales in public sector banks (PSBs) and listed public financial institutions (PFIs)?

(a) Reserve Bank of India (RBI)

(b) Ministry of Finance

(c) Department of Financial Services (DFS)

(d) Department of Investment and Public Asset Management (DIPAM)

(e) Securities and Exchange Board of India (SEBI)


7) What is the name of the industrialization scheme aimed at accelerating industry, investment, and tourism in the Northeast?

(a) Atmanirbhar Bharat Abhiyan

(b) Digital India Initiative

(c) Unnati

(d) Make in India 2.0

(e) Startup India


8) Which country emerged as the top global destination for Initial Public Offerings (IPOs) in 2024?

(a) United States

(b) China

(c) Japan

(d) United Kingdom

(e) India


9) What is the total amount disbursed under operative Kisan Credit Card (KCC) accounts as of December 2024?

(a) ₹5 lakh crore

(b) ₹7.5 lakh crore

(c) ₹10.05 lakh crore

(d) ₹12 lakh crore

(e) ₹15 lakh crore


10) As per the report, Hein Schumacher is stepping down as the CEO of which company?

(a) Nestlé

(b) Procter & Gamble

(c) Unilever

(d) PepsiCo

(e) Coca-Cola


11) Who has been appointed as the Chairman of the Ratan Tata Endowment Foundation (RTEF)?

(a) Noel Tata

(b) Cyrus Mistry

(c) Natarajan Chandrasekaran

(d) Darius Khambata

(e) Mehli Mistry


12) Which committee recommended Dorababu Daparti’s appointment as Deputy CEO of SBI Life Insurance?

(a) Audit and Compliance Committee

(b) Risk Management Committee

(c) Nomination and Remuneration Committee

(d) Corporate Governance Committee

(e) Investment Committee


13) Which fintech startup, known for its Buy-Now-Pay-Later (BNPL) services, was recently acquired by Super.money, a company backed by Flipkart?

(a) ZestMoney

(b) Simpl

(c) BharatX

(d) LazyPay

(e) PayU Finance


14) Which regulatory body has approved the amalgamation of Chaitanya India Fin Credit and Svatantra Holdings into the Svatantra Group?

(a) Reserve Bank of India (RBI)

(b) Securities and Exchange Board of India (SEBI)

(c) Ministry of Corporate Affairs (MCA)

(d) Competition Commission of India (CCI)

(e) National Payments Corporation of India (NPCI)


15) As per the report, the Defence Ministry forms a high-level panel to boost indigenous light fighter jet production. Who is leading the high-level committee investigating the delays in Tejas Mk-1A deliveries?

(a) Air Chief Marshal V.R. Chaudhari

(b) Defence Minister Rajnath Singh

(c) Defence Secretary Rajesh Kumar Singh

(d) DRDO Chairman Samir V. Kamat

(e) HAL Chairman C.B. Ananthakrishnan


16) Which decommissioned Indian Navy ship has been handed over to Maharashtra Tourism Development Corporation (MTDC)?

(a) INS Guldar

(b) INS Sindhurakshak

(c) INS Vikrant

(d) INS Kalvari

(e) INS Chakra


17) How many Ayurveda practitioners were honored with the National Dhanwantari Ayurveda Awards 2025?

(a) One

(b) Two

(c) Three

(d) Four

(e) Five


18) Which educational institution has collaborated with TRIFED & Himachal Pradesh Horticulture Produce Marketing and Processing Corporation Limited to Boost Tribal Marketing with B2B Approach?

(a) Indian Institute of Management (IIM) Ahmedabad

(b) National Institute of Design (NID)

(c) National Institute of Fashion Technology (NIFT)

(d) Indian School of Business (ISB)

(e) Indian Institute of Technology (IIT) Delhi


19) Who won the 2025 Asian Snooker Championship (Men’s Title)?

(a) Aditya Mehta

(b) Pankaj Advani

(c) Amir Sarkosh

(d) Ding Junhui

(e) Sourav Kothari


20) In which year was World NGO Day first observed on February 27 by the United Nations and other international organizations?

(a) 2008

(b) 2010

(c) 2012

(d) 2014

(e) 2016


21) Recently, the  Indian Olympic Association Appoints Ad-Hoc Committee for Boxing Federation of India (BFI) Amid Election Delay. Who is the current President of the Boxing Federation of India (BFI)?

(a) Raj Kundra

(b) Brij Bhushan Sharan Singh

(c) Ajay Singh

(d) Mary Kom

(e) Vijender Singh


22) Under which legal structure is the Ratan Tata Endowment Foundation registered?

(a) Section 7

(b) Section 8

(c) Section 9

(d) Section 6

(e) Section 11


23) What is the new loan limit under the Modified Interest Subvention Scheme (MISS) as per Budget 2025-26?

(a) ₹2 lakh

(b) ₹3 lakh

(c) ₹4 lakh

(d) ₹5 lakh

(e) ₹6 lak


24) Under which ministry does the Department of Investment and Public Asset Management (DIPAM) operate?

(a) Ministry of Corporate Affairs

(b) Ministry of Finance

(c) Ministry of Commerce and Industry

(d) Ministry of Heavy Industries

(e) Ministry of External Affairs


25) What is the tagline of YES Bank?

(a) "Aapka Apna Bank"

(b) "We Make You Feel Richer"

(c) "The Bank You Can Trust"

(d) "Life Ko Banao Rich"

(e) "Banking for a Better Tomorrow"


Answers :

1) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has reversed its decision to increase risk weights for bank loans to Non Banking Financial Companies, effective April 1, 2025.

This move will lead to a substantial capital release for banks, improving credit flow to NBFCs.

Risk weights for microloans by banks have been revised to 75% or 100%, depending on the nature of the loan, instead of 125%.

The November 16, 2023 decision had increased risk weights by 25 percentage points for loans to AAA-, AA-, and A-rated NBFCs if their risk weight was below 100%.

Detailed Explanation:

The Reserve Bank of India (RBI) has reversed its decision to increase risk weights for bank loans to Non Banking Financial Companies, effective April 1, 2025.

This move will lead to a substantial capital release for banks, improving credit flow to NBFCs.

Risk weights for microloans by banks have been revised to 75% or 100%, depending on the nature of the loan, instead of 125%.

The November 16, 2023 decision had increased risk weights by 25 percentage points for loans to AAA-, AA-, and A-rated NBFCs if their risk weight was below 100%.

This led to a sharp decline in bank loans to NBFCs, with year-on-year loan growth falling from 15% to 6.7% by December 2024.

Overall bank credit growth also slowed, dropping from 20% to 11.2% in the same period.

Microfinance impact:

75% risk weight for regulatory retail/business loans.

100% risk weight for consumer credit loans.

Previously, both categories had 125% risk weight, creating confusion among banks.


2) Answer: C

Short Explanation:

IndusInd Bank has partnered with the Professional Golf Tour of India (PGTI) as its official Banking Partner, reinforcing its commitment to providing a premium experience to Ultra High Net Worth Individuals (UHNIs) & High Net Worth Individuals (HNIs) under its PIONEER banking program.

Detailed Explanation:

IndusInd Bank has partnered with the Professional Golf Tour of India (PGTI) as its official Banking Partner, reinforcing its commitment to providing a premium experience to Ultra High Net Worth Individuals (UHNIs) & High Net Worth Individuals (HNIs) under its PIONEER banking program.

As the exclusive Banking Partner, IndusInd Bank will actively support PGTI events throughout the tournament, contributing to the expansion of golf and strengthening India's professional golfing landscape.

The PGTI tour, led by Kapil Dev (President) and Amandeep Johl (CEO), features over 20 tournaments annually, with PIONEER customers getting opportunities to participate in various engagement activities across tournament cities.


3) Answer: B

Short Explanation:

Apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India, The Small Industries Development Bank of India (SIDBI) and Tata Capital Limited (TCL) have signed an MoU for a "Partnership for financing MSMEs," aiming to enhance funding opportunities for the Micro, Small, and Medium Enterprise (MSME) sector.

Detailed Explanation:

Apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India, The Small Industries Development Bank of India (SIDBI) and Tata Capital Limited (TCL) have signed an MoU for a "Partnership for financing MSMEs," aiming to enhance funding opportunities for the Micro, Small, and Medium Enterprise (MSME) sector.

Focus on providing financial support for machinery/equipment financing, working capital, business loans, and loans against property.

Exploration of risk-sharing, co-lending, and joint financing to improve credit access for MSMEs.


4) Answer: B

Short Explanation:

South Indian Bank (SIB) has introduced “SIB QUICKPL”, a digital personal loan platform designed for new customers, making personal financing faster and more accessible.

Detailed Explanation:

South Indian Bank (SIB) has introduced “SIB QUICKPL”, a digital personal loan platform designed for new customers, making personal financing faster and more accessible.

Available for salaried and self-employed individuals with good credit profiles.

Fully digital and paperless process—loan approval in just 10 minutes.

Funds credited directly to a savings account in any bank across India.

No document uploads required, as the platform integrates with the Income Tax portal and leverages the Account Aggregator framework for seamless verification.


5) Answer: D

Short Explanation:

YES BANK has once again demonstrated its leadership in sustainability, emerging as India's highest-rated bank in the S&P Global Corporate Sustainability Assessment (CSA) 2024 and the Carbon Disclosure Project (CDP) for the 3rd consecutive year.

Detailed Explanation:

YES BANK has once again demonstrated its leadership in sustainability, emerging as India's highest-rated bank in the S&P Global Corporate Sustainability Assessment (CSA) 2024 and the Carbon Disclosure Project (CDP) for the 3rd consecutive year.

With a CSA score of 72 out of 100, YES BANK is the only Indian bank to feature in the S&P Global Sustainability Yearbook 2025, placing it among the top 15% Global Banking Leaders.

The bank has also retained an A (Leadership Band) rating from CDP, reinforcing its strong climate change strategy and transparent ESG disclosures.

Remains the only Indian bank with this rating, highlighting its exceptional sustainability performance


6) Answer: D

Short Explanation:

The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers to facilitate the government’s proposed stake sale in public sector banks (PSBs) and listed public financial institutions (PFIs).

Empanelment Duration: Selected bankers will be empanelled for three years, with an option for a one-year extension.

Detailed Explanation:

The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers to facilitate the government’s proposed stake sale in public sector banks (PSBs) and listed public financial institutions (PFIs).

Empanelment Duration: Selected bankers will be empanelled for three years, with an option for a one-year extension.

Regulatory Compliance: Stake sales will be conducted using SEBI-approved methods in compliance with SEBI, RBI, IRDAI, and Stock Exchange regulations.

The Offer-for-Sale (OFS) plan is expected to include PSBs and listed financial institutions that have not yet met the 25% minimum public shareholding requirement.

The likely candidates include: Public Sector Banks (PSBs) (These banks have government shareholding exceeding 90%)

Indian Overseas Bank (IOB)

Central Bank of India

Punjab & Sind Bank

UCO Bank


7) Answer: C

Short Explanation:

Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati, Assam, highlighting the economic transformation of the Northeast and its role in India's growth story.

The North East Transformative Industrialization Scheme, 'Unnati', will accelerate industry, investment, and tourism.

Detailed Explanation:

Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati, Assam, highlighting the economic transformation of the Northeast and its role in India's growth story.

He emphasised Assam’s potential as a global investment destination, aligning with India’s vision of Viksit Bharat by 2047.

Assam’s economy doubled in six years, from ₹2.75 lakh crore (2018) to nearly ₹6 lakh crore today.

The target is to achieve a $150 billion economy by 2030.

The government focuses on education, skill development, investment, and connectivity.

The North East Transformative Industrialization Scheme, 'Unnati', will accelerate industry, investment, and tourism.

Bridges over Brahmaputra: From 3 bridges (before 2014) to 7 bridges today, with more under construction.


8) Answer: E

Short Explanation:

India has emerged as the top global destination for Initial Public Offerings (IPOs) in 2024, accounting for 23% of all IPOs worldwide and raising $19.5 billion.

This achievement highlights India’s growing prominence in global financial markets, driven by economic stability, regulatory reforms, and strong investor confidence.

Detailed Explanation:

India has emerged as the top global destination for Initial Public Offerings (IPOs) in 2024, accounting for 23% of all IPOs worldwide and raising $19.5 billion.

This achievement highlights India’s growing prominence in global financial markets, driven by economic stability, regulatory reforms, and strong investor confidence.

India’s Record-Breaking IPO Performance

Total IPOs: 268 (Highest globally)

Mainboard Listings: 90

SME Listings: 178

Largest IPO of 2024 (India):

Hyundai Motors (India) Pvt Ltd raised ₹27,870 crore ($3.31 billion).

Second-largest IPO globally in 2024.

Factors Driving Growth:

Economic stability & investor confidence.

Rise in venture-backed IPOs & SME participation.

Increased domestic & foreign institutional investment.


9) Answer: C

Short Explanation:

The total amount disbursed under operative Kisan Credit Card (KCC) accounts has more than doubled from ₹4.26 lakh crore in March 2014 to ₹10.05 lakh crore in December 2024.

This highlights the expansion of institutional credit in agriculture, reducing reliance on non-institutional lenders.

Detailed Explanation:

The total amount disbursed under operative Kisan Credit Card (KCC) accounts has more than doubled from ₹4.26 lakh crore in March 2014 to ₹10.05 lakh crore in December 2024.

This highlights the expansion of institutional credit in agriculture, reducing reliance on non-institutional lenders.

Growth in KCC Loans

Total KCC loans: ₹10.05 lakh crore (as of Dec 2024).

Number of farmers benefited: 7.72 crore.

Increase from 2014: More than double from ₹4.26 lakh crore.

What is the Kisan Credit Card (KCC)?

A banking product that provides timely and affordable credit to farmers for:

Purchasing agricultural inputs (seeds, fertilizers, pesticides).

Crop production and allied activities (animal husbandry, dairy, fisheries).

Extended in 2019 to cover working capital needs of allied activities.


10) Answer: C

Short Explanation:

Hein Schumacher is stepping down as Chief Executive Officer (CEO) and Board Director on March 1, 2025, and will officially leave Unilever on May 31, 2025.

Successor: Fernando Fernandez, currently Unilever’s Chief Financial Officer (CFO) and Executive Director, will take over as CEO from March 1, 2025.

Detailed Explanation:

Hein Schumacher is stepping down as Chief Executive Officer (CEO) and Board Director on March 1, 2025, and will officially leave Unilever on May 31, 2025.

Successor: Fernando Fernandez, currently Unilever’s Chief Financial Officer (CFO) and Executive Director, will take over as CEO from March 1, 2025.

Fernando has previously served as President of Unilever’s Beauty & Wellbeing business, President of Latin America, CEO of Brazil, and CEO of the Philippines.


11) Answer: C

Short Explanation:

Natarajan Chandrasekaran, Chairman of Tata Sons, has been appointed as the Chairman of the Ratan Tata Endowment Foundation (RTEF).

Detailed Explanation:

Natarajan Chandrasekaran, Chairman of Tata Sons, has been appointed as the Chairman of the Ratan Tata Endowment Foundation (RTEF).

The appointment was made by the executors of Ratan Tata’s will:

Darius Khambata

Mehli Mistry

Shireen Jejeebhoy (half-sister of Ratan Tata)

Deanna Jejeebhoy (half-sister of Ratan Tata)

The decision was taken after seeking external legal counsel.

Chandrasekaran will formalize the management structure and leadership team for RTEF.

The distribution of Ratan Tata’s wealth to RTEF will happen after his will is submitted for probate at the Bombay High Court.

Probate approval is expected to take up to six months.

Once approved, RTEF will receive funds from Ratan Tata’s stakes in:

Tata Sons

Tata Technologies

Tata Digital


12) Answer: C

Short Explanation:

Dorababu Daparti has been appointed as Deputy Chief Executive Officer (CEO) of SBI Life Insurance, with effect from 24 February 2025.

His appointment was approved by the board based on the recommendation of the Nomination and Remuneration Committee.

Detailed Explanation:

Dorababu Daparti has been appointed as Deputy Chief Executive Officer (CEO) of SBI Life Insurance, with effect from 24 February 2025.

His appointment was approved by the board based on the recommendation of the Nomination and Remuneration Committee.

Daparti has over 29 years of experience in the financial industry.

He holds a Master’s degree in Sciences (M.Sc.) and is a Chartered Associate of the Indian Institute of Bankers (CAIIB).

He joined State Bank of India (SBI) in 1995 and has held various managerial and executive roles within the organization.

He has served as the Country Head and CEO of SBI’s Maldives operations since September 2021.

He also played a key role as Deputy General Manager and Head of Overseas Planning & Strategy in the International Banking Group at SBI’s Corporate Centre, Mumbai.


13) Answer: C

Short Explanation:

Super.money, backed by Flipkart, has acquired BharatX, a buy-now-pay-later (BNPL) fintech startup.

Detailed Explanation:

Super.money, backed by Flipkart, has acquired BharatX, a buy-now-pay-later (BNPL) fintech startup.

The acquisition is an all-cash transaction, but financial terms have not been disclosed.

BharatX’s core team will join super.money to enhance the app’s credit offerings.

They will focus on developing credit solutions for the Unified Payments Interface (UPI).

Super.money ranked as the 7th-largest UPI player as of November 2024, processing 78.49 million transactions worth ₹3,130.10 crore (US$ 359.23 million), according to NPCI.

The acquisition aligns with super.money’s plan to expand its credit product portfolio.


14) Answer: D

The Competition Commission of India (CCI) has approved the amalgamation involving four entities within the Svatantra Group.

The proposed merger includes Svatantra Holdings Pvt Ltd (SHPL), Svatantra Microfin Pvt Ltd (SMPL), Chaitanya India Fin Credit Pvt Ltd (CIFCPL), and Svatantra Micro Housing Finance Corporation Limited (SMHFCL).

SHPL, incorporated in 2018, is a core investment company focused on equity, preference shares, and securities.


15) Answer: C

Short Explanation:

The Ministry of Defence has formed a high-level committee to address delays in Tejas Mk-1A deliveries to the Indian Air Force (IAF).

The five-member committee is led by Defence Secretary Rajesh Kumar Singh and aims to identify causes of delays and suggest measures for faster induction.

Air Chief Marshal AP Singh criticised Hindustan Aeronautics Limited (HAL) at Aero India 2025, stating he was "not confident" in HAL’s ability to meet deadlines.

Detailed Explanation:

The Ministry of Defence has formed a high-level committee to address delays in Tejas Mk-1A deliveries to the Indian Air Force (IAF).

The five-member committee is led by Defence Secretary Rajesh Kumar Singh and aims to identify causes of delays and suggest measures for faster induction.

Air Chief Marshal AP Singh criticised Hindustan Aeronautics Limited (HAL) at Aero India 2025, stating he was "not confident" in HAL’s ability to meet deadlines.

He strongly objected to HAL’s casual approach, saying “Maza nahi aa raha hai” (I am not enjoying this).

HAL Chairman D K Sunil responded, acknowledging the delays and assuring that technical challenges are being resolved to improve production efficiency.

Tejas Mk-1A is a 4.5-generation, multi-role, all-weather fighter jet, developed under "Atma Nirbhar Bharat" for IAF modernisation.

IAF has ordered 83 Tejas Mk-1A jets, with plans to operate around 350 Tejas variants in the next decade, including Mk-1, Mk-1A, and Mk-2.


16) Answer: A

Short Explanation:

The Indian Navy has handed over Ex INS Guldar, a Landing Ship Tank (Medium), to Maharashtra Tourism Development Corporation Limited (MTDC).

The ship will be converted into India’s first underwater museum and artificial reef using a decommissioned naval vessel.

Detailed Explanation:

The Indian Navy has handed over Ex INS Guldar, a Landing Ship Tank (Medium), to Maharashtra Tourism Development Corporation Limited (MTDC).

The ship will be converted into India’s first underwater museum and artificial reef using a decommissioned naval vessel.

The ship was transferred to MTDC at Karwar on an ‘as is where is’ basis. The MTDC will manage the transformation, which includes removing pollutants, securing environmental clearances, obtaining necessary NOCs, and scuttling the ship at Sindhudurg following strict safety protocols.

Built at Gdynia Shipyard, Poland and commissioned on December 30, 1985.

Served in Eastern Naval Command (1985-1995) and later in Andaman and Nicobar Command until decommissioning on January 12, 2024.

Sailed for over 3,900 days and conducted over 490 beaching operations to land Army troops ashore.


17) Answer: C

Short Explanation:

The Ministry of Ayush has honoured three distinguished Ayurveda practitioners with the National Dhanwantari Ayurveda Awards 2025 for their exceptional contributions to Indian traditional medicine. Each awardee received:

A citation

A statue of Lord Dhanwantari

A cash prize of ₹5 lakh

Detailed Explanation:

The Ministry of Ayush has honoured three distinguished Ayurveda practitioners with the National Dhanwantari Ayurveda Awards 2025 for their exceptional contributions to Indian traditional medicine. Each awardee received:

A citation

A statue of Lord Dhanwantari

A cash prize of ₹5 lakh

Vaidya Tara Chand Sharma

Renowned Nadi Vaidya (pulse diagnosis expert) and author

Has made significant advancements in Ayurvedic diagnostics and literature

Vaidya Maya Ram Uniyal

An eminent scholar in Dravyaguna Vigyana (study of medicinal properties of herbs)

Over 60 years of service in Ayurveda

His writings and leadership have inspired many in the field

Vaidya Sameer Govind Jamadagni

Founder of Vishwa Vyakhyanmala national conference & Vishwa Ayurveda Prabodhini

Has played a key role in transforming Ayurveda education for over 40 years


18) Answer: C

Short Explanation:

In a strategic move to shift from B2C to B2B for tribal marketing, the Tribal Cooperative Marketing Development Federation of India Ltd (TRIFED), under the Ministry of Tribal Affairs, has partnered with NIFT (National Institute of Fashion Technology) and HPMC (Himachal Pradesh Horticulture Produce Marketing and Processing Corporation Ltd).

Detailed Explanation:

In a strategic move to shift from B2C to B2B for tribal marketing, the Tribal Cooperative Marketing Development Federation of India Ltd (TRIFED), under the Ministry of Tribal Affairs, has partnered with NIFT (National Institute of Fashion Technology) and HPMC (Himachal Pradesh Horticulture Produce Marketing and Processing Corporation Ltd).

The MoUs were signed in New Delhi during the ‘Aadi Mahotsav’ festival at Major Dhyan Chand National Stadium.

Objective: Enhancing design & product development for tribal handloom and handicraft products.

Inaugurated by President of India, Smt Droupadi Murmu on 16th February 2025.


19) Answer: B

Short Explanation:

India’s ace cueist, Pankaj Advani, secured the 2025 Asian Snooker Championship (Men’s Title) by defeating Amir Sarkosh of Iran in the final.

This victory marks his 14th Asian title across snooker and billiards formats.

Detailed Explanation:

India’s ace cueist, Pankaj Advani, secured the 2025 Asian Snooker Championship (Men’s Title) by defeating Amir Sarkosh of Iran in the final.

This victory marks his 14th Asian title across snooker and billiards formats.

Pankaj Advani’s Victory

Final: Defeated Amir Sarkosh (Iran) 4-1 in frames.

Semifinal: Defeated Chang Yu Kiu (Hong Kong, China).

Total Asian Titles: 14 (Snooker & Billiards).


20) Answer: D

Short Explanation:

World NGO Day 2025 is observed on the 27th of February 2025.

World NGO Day was originally founded in 2009 by Marcis Liors Skadmanis, a social entrepreneur.

However, it was observed for the first time on February 27, 2014.

Detailed Explanation:

World NGO Day 2025 is observed on the 27th of February 2025.

N.G.O. is an acronym for non-governmental organization.

World NGO Day is a day set aside to recognize, celebrate, and honor the fundamental contributions and profound impact that these independent organizations have had on the world

World NGO Day was originally founded in 2009 by Marcis Liors Skadmanis, a social entrepreneur.

However, it was observed for the first time on February 27, 2014.


21) Answer:  C

Short Explanation:

The Indian Olympic Association (IOA) has set up a five-member ad-hoc committee to oversee the Boxing Federation of India (BFI) after it failed to conduct elections within the prescribed timeline.

The decision, announced by IOA President PT Usha, aims to restore administrative stability in the federation.

However, BFI President Ajay Singh has strongly opposed the move, calling it illegal and a violation of IOA’s constitution.

Detailed Explanation:

The Indian Olympic Association (IOA) has set up a five-member ad-hoc committee to oversee the Boxing Federation of India (BFI) after it failed to conduct elections within the prescribed timeline.

The decision, announced by IOA President PT Usha, aims to restore administrative stability in the federation.

However, BFI President Ajay Singh has strongly opposed the move, calling it illegal and a violation of IOA’s constitution.

BFI failed to hold elections by the deadline of February 2, 2025.

IOA intervened due to administrative instability.

A five-member ad-hoc committee was formed to oversee the federation.

Committee Members:

Madhukant Pathak (Chairman)

Rajesh Bhandari (Vice-Chairman)

DP Bhatt, Boxer Shiva Thapa, and Virendra Singh Thakur as members.


22) Answer: B

About the Ratan Tata Endowment Foundation:

Established by the late Ratan Tata as a Section 8 company for charitable and philanthropic initiatives.

Operates independently of Tata Trusts.

Unlike Tata Trusts, there is no restriction on the Chairman of Tata Sons serving as its Chairman.


23) Answer: D

Modified Interest Subvention Scheme (MISS):

1.5% interest subvention provided to banks for short-term agri-loans via KCC.

Effective interest rate:

7% annually for loans up to ₹3 lakh.

4% if repaid on time (due to 3% Prompt Repayment Incentive).

Collateral-free loans up to ₹2 lakh, ensuring easy credit access for small and marginal farmers.

Budget 2025-26 Announcement

Loan limit increase under MISS:

From ₹3 lakh to ₹5 lakh.

Expected to provide greater financial support to farmers.


24) Answer: B

About DIPAM:

Department of Investment and Public Asset Management (DIPAM) deals with all matters relating to management of Central Government investments in equity including disinvestment of equity in Central Public Sector Undertakings.

The three major areas of its work relate to Strategic Disinvestment and Privatisation, Minority Stake Sales and Capital Restructuring.

All matters relating to sale of Central Government equity through offer for sale or private placement or any other mode in the Central Public Sector Undertakings as well as strategic disinvestment of CPSEs is dealt with in DIPAM.

DIPAM is a Department under the Ministry of Finance.


25) Answer: D

About YES Bank:

Founded: 2004

Headquarters: Mumbai, Maharashtra, India

Managing Director & CEO: Prashant Kumar

Tagline : "Life Ko Banao Rich"

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