Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 28th 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) Which of the following countries is not among the initial proposed recipients of Rupee-denominated loans under RBI’s plan to internationalise the Rupee?

(a) Nepal

(b) Bangladesh

(c) Bhutan

(d) Sri Lanka

(e) Myanmar

2) What is the revised investment limit for Foreign Portfolio Investors (FPIs) in corporate bonds for October 2025 to March 2026?

(a) ₹7.63 lakh crore

(b) ₹8.22 lakh crore

(c) ₹8.50 lakh crore

(d) ₹8.80 lakh crore

(e) ₹9.00 lakh crore

3) How much surplus has the Reserve Bank of India (RBI) transferred for FY25?

(a) ₹1.56 trillion

(b) ₹2.00 trillion

(c) ₹2.11 trillion

(d) ₹2.56 trillion

(e) ₹2.89 trillion

4) Who has received RBI approval for the acquisition and change in control of Capital India Home Loans Limited (CIHL)?

(a) Weaver Services Private Limited

(b) Capital India Finance Limited

(c) National Housing Bank

(d) LIC Housing Finance

(e) SBI Home Loans

5) Which fintech firm from Rajasthan recently received RBI approval to operate as an online payment aggregator?

(a) Paytm

(b) PhonePe

(c) Getepay

(d) Razorpay

(e) BharatPe

6) What was the approximate share of renewable energy (RE) in India’s total FDI inflows in FY25, according to the CEEW-GFC report?

(a) 8%

(b) 4%

(c) 1%

(d) 12%

(e) 20%

7) What is the cashback percentage offered on UPI-based ‘Scan & Pay’ transactions through the Axis Bank super.money RuPay Credit Card?

(a) 1%

(b) 2%

(c) 3%

(d) 4%

(e) 5%

8) Which bank has partnered with AIC STPINEXT to support early-stage startups and MSMEs with tailored financial solutions?

(a) Axis Bank

(b) State Bank of India

(c) IndusInd Bank

(d) HDFC Bank

(e) ICICI Bank

9) What is the name of the specialised suite of Current and Savings Accounts launched by Canara Bank for institutional clients?

(a) CANARA ProEdge

(b) CANARA TruEdge

(c) CANARA FlexiPlus

(d) CANARA InstiCare

(e) CANARA PrimeServe

10) What ESG rating did Muthoot Microfin receive from CARE ESG Ratings?

(a) CareEdgeESG 1

(b) CareEdgeESG 2

(c) CareEdgeESG 3

(d) CareEdgeESG 4

(e) CareEdgeESG 5

11) What does RoDTEP stand for?

(a) Refund of Duties on Trade Exported Products

(b) Remission of Duties and Taxes on Exported Products

(c) Rebate of Domestic Taxes on Exported Products

(d) Reduction of Duties on Traded Export Products

(e) Reimbursement of Domestic Tariffs on Exported Products

12) Which city in Mizoram recently connected to the national railway network via the Bairabi–Sairang line?

(a) Lunglei

(b) Champhai

(c) Aizawl

(d) Kolasib

(e) Sairang

13) Recently, the Indian Prime Minister Shri Narendra Modi Inaugurates First 9,000 HP D9 Locomotive Built in Dahod, Gujarat. How many electric freight locomotives does the Dahod facility plan to produce over the next 11 years?

(a) 500

(b) 800

(c) 1,000

(d) 1,200

(e) 1,500

14) Recently, the government is likely to procure about 0.6 million tonne (MT) of tur in the ongoing 2024-25. Under which scheme is the tur procurement being carried out?

(a) National Food Security Act

(b) Price Support Scheme (PSS)

(c) Public Distribution Scheme

(d) Agricultural Export Policy

(e) Minimum Export Price Scheme

15) Who has been nominated as the new executive chairman of the National Legal Services Authority (NALSA)?

(a) Justice B R Gavai

(b) Justice Surya Kant

(c) Justice D Y Chandrachud

(d) Justice N V Ramana

(e) Justice U U Lalit

16) In May 2025 report, the Indian Air Force Carries Out a Significant Exercise on the Ganga Expressway in Shahjahanpur, Uttar Pradesh. Which of the following fighter jets participated in the night landing exercise on the Ganga Motorway?

(a) Rafale

(b) Jaguar

(c) Mirage 2000

(d) SU-30 MKI

(e) All of the above

17) What percentage stake did SBI Life Insurance and Vidyaniti LLP acquire collectively in NHIT?

(a) 2.25%

(b) 6.25%

(c) 4.25%

(d) 5.25%

(e) 4.25%

18) As per the ISSF Junior World Cup 2025, Tejaswini Claims 25m Pistol Gold as India finishes first in Medal Standings. How many total medals did India win to top the medal tally?

(a) 11

(b) 10

(c) 9

(d) 12

(e) 13

19) In which category did Mahendra Gurjar set a world record at the Nottwil World Para Athletics Grand Prix in Switzerland?

(a) Shot Put F42

(b) Javelin F42

(c) Discus F42

(d) Long Jump F42

(e) High Jump F42

20) Where is the headquarters of IndusInd Bank located?

(a) New Delhi

(b) Bengaluru

(c) Hyderabad

(d) Mumbai

(e) Chennai

Answers :

1) Answer: E

Short Explanation:

The Reserve Bank of India (RBI) is seeking approval from the Union Government to allow domestic banks and their foreign branches to lend Rupees to overseas borrowers for the first time.

The proposal targets neighbouring countries such as Bangladesh, Bhutan, Nepal, and Sri Lanka as the initial recipients of Rupee-denominated loans.

Detailed Explanation:

The Reserve Bank of India (RBI) is seeking approval from the Union Government to allow domestic banks and their foreign branches to lend Rupees to overseas borrowers for the first time.

The proposal targets neighbouring countries such as Bangladesh, Bhutan, Nepal, and Sri Lanka as the initial recipients of Rupee-denominated loans.

This move is aimed at internationalising the Rupee and enhancing its use and acceptability in global trade.

According to the Ministry of Commerce, 90% of India's exports to South Asia in 2024/25 were to these four countries, totaling nearly $25 billion.

Currently, foreign branches of Indian banks can only provide loans in foreign currencies, mostly to Indian firms, and cannot lend in Rupees.

2) Answer: D

The Reserve Bank of India (RBI) relaxes investment norms for Foreign Portfolio Investors (FPIs) in the corporate bond market to encourage more aggressive participation.

Previously, FPIs had to sell bonds with less than one year of residual maturity or reduce concentration in one-year papers to below 30% of their portfolio.

Due to this rule, FPI participation was muted at ₹7.63 lakh crore, only 14.3% of the overall investment limit of ₹53.6 lakh crore.

Now, FPIs can hold maturing papers until maturity, giving them greater flexibility and reducing regulatory hurdles.

RBI has also increased the investment limit for FPIs in corporate bonds to:

₹8.22 lakh crore for April–September 2025

₹8.80 lakh crore for October 2025–March 2026

3) Answer: C

Short Explanation:

The Reserve Bank of India’s (RBI's) Record Surplus Transfer will moderately offset the fiscal impact of any likely rise in defence expenditure.

The RBI transferred ₹2.11 trillion in surplus for FY25, higher than earlier years but ₹13,000 crore more than FY26 Budget Estimate (BE) of ₹2.56 trillion (which also includes dividends from nationalised banks and financial institutions).

Detailed Explanation:

The Reserve Bank of India’s (RBI's) Record Surplus Transfer will moderately offset the fiscal impact of any likely rise in defence expenditure.

The RBI transferred ₹2.11 trillion in surplus for FY25, higher than earlier years but ₹13,000 crore more than FY26 Budget Estimate (BE) of ₹2.56 trillion (which also includes dividends from nationalised banks and financial institutions).

Market expectations ranged from ₹31,000 crore to ₹80,000 crore more than the actual transfer.

If this had materialised, it could have absorbed increased defence expenditure without affecting other expenditures or the fiscal deficit target.

In the FY26 Budget, defence expenditure is pegged at 1.4% of GDP, but it may increase by 0.25% of GDP (₹89,000 crore) in the event of conflict with Pakistan.

4) Answer: A

Short Explanation:

Capital India Home Loans Limited (CIHL) has received approval from the Reserve Bank of India (RBI) for its acquisition and change in control to Weaver Services Private. Limited.

Detailed Explanation:

Capital India Home Loans Limited (CIHL) has received approval from the Reserve Bank of India (RBI) for its acquisition and change in control to Weaver Services Private. Limited.

This regulatory nod is a significant milestone in CIHL’s ongoing strategic consolidation efforts.

The CIFL Board approved the sale of its 100% stake in CIHL, valued at ₹267 crore, to Weaver Services.

CIHL filed an application with the RBI seeking approval for the acquisition and change in control.

The approval paves the way for the completion of the transaction, expected within the first half of FY 2025-26

5) Answer: C

Short Explanation:

Getepay has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator.

Detailed Explanation:

Getepay has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator.

Getepay is the first fintech firm from Rajasthan to secure this RBI license, marking a significant milestone for the company and the Indian fintech ecosystem.

The approval supports Getepay’s mission to promote digital transformation and financial inclusion for micro, small, and medium enterprises (MSMEs) across India.

Getepay currently serves over 1.5 million merchants, including kirana stores, micro-retailers, e-commerce businesses, educational institutions, service

providers, and small-scale manufacturers.

6) Answer: A

Short Explanation:

The Council on Energy, Environment and Water’s Green Finance Centre (CEEW-GFC) released its latest annual market handbook noting a rise in the share of renewable energy (RE) in India’s total FDI inflows from around 1% in FY21 to about 8% in FY25.

Detailed Explanation:

The Council on Energy, Environment and Water’s Green Finance Centre (CEEW-GFC) released its latest annual market handbook noting a rise in the share of renewable energy (RE) in India’s total FDI inflows from around 1% in FY21 to about 8% in FY25.

The RE sector attracted $3.4 billion in FDI in the first three quarters of FY25, nearly matching the total FDI inflows for the entire FY24 ($3.7 billion).

Under current FDI policy, 100% FDI is permitted in the renewable/non-conventional energy and power sectors under the automatic route.

According to the Ministry of New & Renewable Energy (MNRE), total investments (including FDI) in the sector comprising Solar, Wind, Small Hydro, Large Hydro, Nuclear, and Bio energy almost reached ₹4 lakh crore in the last five years ending in 2024.

Gujarat and Rajasthan together account for over one-third of India’s installed renewable energy sources (RES) capacity and attracted more than half of the investments in the sector between 2020-2024.

7) Answer: C

Short Explanation:

Axis Bank, a leading private sector bank in India, has partnered with super.money, the Flipkart Group’s credit-first UPI platform, to launch a lifetime-free co-branded RuPay credit card.

3% cashback on UPI-based ‘Scan & Pay’ transactions through the super.money app.

Detailed Explanation:

Axis Bank, a leading private sector bank in India, has partnered with super.money, the Flipkart Group’s credit-first UPI platform, to launch a lifetime-free co-branded RuPay credit card.

The card offers high rewards, UPI-enabled convenience, and zero annual fees.

The Axis Bank super.moneyRuPay Credit Card supports transactions via UPI, POS terminals, online purchases, and ATM withdrawals.

3% cashback on UPI-based ‘Scan & Pay’ transactions through the super.money app.

1% cashback on all other eligible spending categories (excluding some, like fuel surcharge).

Cashback capped at ₹500 per billing cycle.

1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 (up to ₹400 per cycle).

8) Answer: C

IndusInd Bank has signed a pact with AIC STPINEXT to provide financial solutions and structural support to early-stage startups and MSMEs.

AIC STPINEXT is a special purpose vehicle of Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology (MeitY).

Under the collaboration, IndusInd Bank will offer tailored banking solutions to support startups associated with STPI/STPINEXT.

The bank will provide a specialized Current Account with no quarterly average balance requirement, simplifying financial management for startups.

9) Answer: B

Canara Bank has launched “CANARA TruEdge,” a specialised and feature-rich suite of Current and Savings Accounts designed for institutional clients across sectors like healthcare, education, religious organisations, and other non-individual entities.

The suite carries the tagline: “Grow with trust, lead with edge.”

It aims to enhance customer segmentation and provide tailored solutions aligned with clients’ operational and financial workflows.

The product offers zero initial deposit requirement for easy onboarding.

Benefits increase proportionally as institutions maintain higher account balances

10) Answer: A

Short Explanation:

Muthoot Microfin has secured an ESG score of 72.2 and received the CareEdgeESG 1 rating, the highest tier by CARE ESG Ratings, a SEBI-licensed ESG rating provider.

Detailed Explanation:

Muthoot Microfin has secured an ESG score of 72.2 and received the CareEdgeESG 1 rating, the highest tier by CARE ESG Ratings, a SEBI-licensed ESG rating provider.

This achievement places Muthoot Microfin among India’s ESG leaders in the financial services sector.

The company has outperformed industry medians across the Environmental, Social, and Governance (ESG) pillars.

The rating places Muthoot Microfin in the ‘Leadership’ position for effectively managing ESG risks through better disclosures, policies, and performance.

11) Answer: B

Short Explanation:

The government has extended the benefits of the RoDTEP (Remission of Duties and Taxes on Exported Products) scheme to Export Oriented Units (EOUs), Advance Authorisation (AA) holders, and units in Special Economic Zones (SEZs).

Detailed Explanation:

The government has extended the benefits of the RoDTEP (Remission of Duties and Taxes on Exported Products) scheme to Export Oriented Units (EOUs), Advance Authorisation (AA) holders, and units in Special Economic Zones (SEZs).

According to a DGFT notification, the benefits will be applicable from June 2025.

These exporter categories were excluded from the scheme after RoDTEP benefits lapsed on December 31, resulting in a 6-month gap.

Exporters had been demanding the restoration of the scheme amid global trade uncertainties influenced by factors such as the US Presidential Election and trade policies under the Trump administration.

RoDTEP is designed to refund duties, taxes, and levies at the central, state, and local levels that increase the cost of exported products.

RoDTEPreplaced the earlier MEIS (Merchandise Exports from India Scheme) after the WTO ruled against India’s export subsidies following a challenge by the US.

12) Answer: C

Short Explanation:

Aizawl, the capital of Mizoram, is now connected to the national railway network via the Bairabi–Sairang line.

Bairabi (in Kolasib district) was previously the only railhead in Mizoram; Sairang is a satellite town about 20 km from Aizawl.

Detailed Explanation:

Aizawl, the capital of Mizoram, is now connected to the national railway network via the Bairabi–Sairang line.

Bairabi (in Kolasib district) was previously the only railhead in Mizoram; Sairang is a satellite town about 20 km from Aizawl.

The formal inauguration of the Bairabi–Sairang line is expected after June 17, following inspection by the Commission of Railway Safety (CRS).

A successful trial run on this line was conducted on May 1 by the Northeast Frontier Railway (NFR).

With this connection, Mizoram becomes the fourth northeast state with its capital linked to the railway network, after Assam, Tripura, and Arunachal Pradesh.

Earlier, trains only ran 1.5 km inside Mizoram; the new line extends rail connectivity further.

The Bairabi–Sairang New Line is a 51.38 km railway project with a revised sanctioned cost of ₹5,021.45 crore.

13) Answer: D

Short Explanation:

Prime Minister Narendra Modi inaugurated the first 9,000 horsepower locomotive called D9, manufactured at the rolling stock workshop facility in Dahod, Gujarat.

The Dahod facility plans to produce 1,200 electric freight locomotives over the next 11 years, costing approximately ₹21,405 crore.

Detailed Explanation:

Prime Minister Narendra Modi inaugurated the first 9,000 horsepower locomotive called D9, manufactured at the rolling stock workshop facility in Dahod, Gujarat.

The D9 locomotive is the second-most powerful locomotive of Indian Railways, after the 12,000-horsepower WAG-12B.

Dahod, once among the 100 backward districts in India, is now recognized globally for locomotive manufacturing.

Locomotives manufactured in Dahod will be exported internationally, generating employment in the tribal region and supporting ancillary industries.

The Dahod facility plans to produce 1,200 electric freight locomotives over the next 11 years, costing approximately ₹21,405 crore.

Currently, the facility has delivered two electric locomotives.

The foundation for the new loco unit was laid by the Prime Minister on April 20, 2022.

Siemens, a German engineering firm, won the contract to set up the unit and maintain the locomotives for 35 years; Siemens also manufactures similar trains in Austria, Visakhapatnam, Raipur, Khargarpur, and Madhepura.

14) Answer: B

The government is likely to procure about 0.6 million tonne (MT) of tur in the ongoing 2024-25 kharif season at Minimum Support Price (MSP) – the highest since 2019-20.

The procurement aims to build buffer stocks for market intervention during the festive season, to stabilize retail prices.

Procurement Agencies Involved:Procurement is being done under the Price Support Scheme (PSS) by Nafed and NCCF in major tur-growing states:Maharashtra, Karnataka, Gujarat, Andhra Pradesh

15) Answer: B

President Droupadi Murmu has nominatedSupreme Court judge Surya Kant as the executive chairman of the National Legal Services Authority (NALSA).

The previous executive chairman of NALSA was Justice B R Gavai, judge of the Supreme Court of India.

As per convention, the post of NALSA executive chairman is held by the second senior-most judge of the Supreme Court of India.

Justice B R Gavai is scheduled to be sworn in as the 52nd Chief Justice of India (CJI) on May 14.

Justice Surya Kant is currently the chairman of the Supreme Court Legal Services Committee

16) Answer: E

Short Explanation:

The Indian Air Force (IAF) conducted a historic exercise by landing fighter jets at night on the 3.5-km airstrip of the Ganga Motorway in Shahjahanpur district, Uttar Pradesh.

The exercise involved advanced fighter jets such as Rafale, Jaguar, Mirage 2000, SU-30 MKI, MiG-29, along with transport aircraft like C-130J Super Hercules, AN-32, and the MI-17 V5 helicopter.

Detailed Explanation:

The Indian Air Force (IAF) conducted a historic exercise by landing fighter jets at night on the 3.5-km airstrip of the Ganga Motorway in Shahjahanpur district, Uttar Pradesh.

This was the first time in India that fighter jets landed at night on a highway, marking a major advancement in military preparedness.

The exercise involved advanced fighter jets such as Rafale, Jaguar, Mirage 2000, SU-30 MKI, MiG-29, along with transport aircraft like C-130J Super Hercules, AN-32, and the MI-17 V5 helicopter.

The air exercise was conducted in two phases: daytime and nighttime, to test the airstrip’s suitability for emergency operations such as wartime landings or disaster relief.

Uttar Pradesh Minister of State Danish Azad Ansari highlighted that Uttar Pradesh is the first state in India to allow night landings of fighter jets on a motorway.

17) Answer: E

Short Explanation:

SBI Life Insurance and Vidyaniti LLP acquired a 4.25% stake in National Highways Infra Trust (NHIT) for Rs 1,100 crore through an open market transaction.

Detailed Explanation:

SBI Life Insurance and Vidyaniti LLP acquired a 4.25% stake in National Highways Infra Trust (NHIT) for Rs 1,100 crore through an open market transaction.

A total of 8.24 crore units (representing 4.25% unit-holding) were acquired by both entities.

SBI Life Insurance purchased over 3.74 crore units (1.93% holding) in NHIT.

Vidyaniti LLP acquired more than 4.49 crore units (2.3% holding) in NHIT.

The units were bought at an average price of Rs 133.57 per unit, with a total transaction value of Rs 1,100.61 crore.

National Highways Authority of India (NHAI) divested 8.24 crore units of NHIT at the same price.

18) Answer: A

Short Explanation:

Tejaswini won the women’s 25m pistol gold medal, helping India top the medal tally with 11 medals (3 gold, 4 silver, 4 bronze).

India finished ahead of China, which won 3 gold and 1 bronze medals.

Detailed Explanation:

Tejaswini won the women’s 25m pistol gold medal, helping India top the medal tally with 11 medals (3 gold, 4 silver, 4 bronze).

India finished ahead of China, which won 3 gold and 1 bronze medals.

Tejaswini scored 31/50, beating neutral athlete Alina Nestsiarovich (29/50) for gold.

The bronze medal in women’s 25m pistol was won by Miriam Jako (Hungary) with 23/45.

Indian shooters Divyanshi, Riya Shirish, and Naamya Kapoor did not qualify for the 8-shooter final in the women’s 25m pistol event.

Indian pairs Zuhair Khan/Sabeera Haris and Bhavya Tripathi/Vinay Pratap Singh Chandrawat competed in mixed trap but did not make the final.

19) Answer: B

Mahendra Gurjar, aged 27, set a world record in men’s javelin F42 category with a throw of 61.17m at the Nottwil World Para Athletics Grand Prix in Switzerland.

He broke the previous world record of 59.19m, set by Brazil’s Roberto Floriani Edenilson in 2022.

Gurjar’s record-breaking throw came on his third attempt after initial throws of 56.11m and 55.51m.

His last three throws were 58.54m, 57.25m, and 58.07m.

F42 category is for field athletes with moderately affected movement in one leg.

Gurjar competed in a combined event with para-athletes from F40, F57, F63, and F64 categories.

20) Answer: D

About IndusInd Bank:

Headquarters: Mumbai, Maharashtra, India

CEO: Sumant Kathpalia

Founded Year: 1994

Slogan: "We Make You Feel Richer"