Question 1
What is the current repo rate set by the Reserve Bank of India as of June 2025?
a) 5.00%
b) 5.25%
c) 5.50%
d) 6.00%
Answer: c) 5.50%
Explanation: RBI reduced the repo rate by 50 basis points to 5.50% in June 2025, changing the policy stance from accommodative to neutral to support economic growth while maintaining inflation control.
Question 2
Which country has taken over the BRICS presidency for 2026?
a) Brazil
b) India
c) China
d) Russia
Answer: b) India
Explanation: Brazil handed over BRICS chairmanship to India at the conclusion of the 17th BRICS Summit. India will host the 18th BRICS Summit in 2026 with focus on strengthening Global South cooperation.
Question 3
What is the projected GDP growth rate for India in 2025-26 according to RBI?
a) 6.0%
b) 6.5%
c) 7.0%
d) 7.5%
Answer: b) 6.5%
Explanation: RBI projects GDP growth for 2025-26 at 6.5% with quarterly projections showing steady economic expansion across all four quarters.
Question 4
What were the gross GST collections in June 2025?
a) Rs 1.75 lakh crore
b) Rs 1.85 lakh crore
c) Rs 1.95 lakh crore
d) Rs 2.05 lakh crore
Answer: b) Rs 1.85 lakh crore
Explanation: Gross GST collections reached Rs 1.85 lakh crore in June 2025, registering 6.2% year-on-year growth, with net collections after refunds standing at Rs 1.59 lakh crore.
Question 5
What is the total value of the Deep Tech Fund announced by the government?
a) Rs 5,000 crore
b) Rs 10,000 crore
c) Rs 15,000 crore
d) Rs 20,000 crore
Answer: b) Rs 10,000 crore
Explanation: Government announced Rs 10,000 crore second tranche under Fund of Funds initiative to strengthen India’s deep technology sector, covering the entire technology lifecycle from research to commercial deployment.
Question 6
How many tribal citizens are covered under India’s largest-ever tribal empowerment campaign?
a) 4.5 crore
b) 5.0 crore
c) 5.5 crore
d) 6.0 crore
Answer: c) 5.5 crore
Explanation: India launched its largest-ever tribal empowerment campaign reaching over 5.5 crore tribal citizens across 1 lakh+ tribal villages, marking a significant step in inclusive development.
Question 7
What percentage tariff did President Trump announce on Japan and South Korea starting August 1, 2025?
a) 20%
b) 25%
c) 30%
d) 35%
Answer: b) 25%
Explanation: President Trump announced 25% tariffs on Japan and South Korea starting August 1, 2025, as part of broader trade policy restructuring affecting global trade dynamics.
Question 8
Who has been named as the new Chief Executive Officer of the International Cricket Council?
a) Rahul Dravid
b) Sanjog Gupta
c) Anil Kumble
d) Sourav Ganguly
Answer: b) Sanjog Gupta
Explanation: International Cricket Council named Sanjog Gupta as its new Chief Executive Officer, marking a significant leadership change in international cricket administration.
Question 9
What is the duration of the financial inclusion campaign launched by the Department of Financial Services?
a) 2 months
b) 3 months
c) 4 months
d) 6 months
Answer: b) 3 months
Explanation: Department of Financial Services launched a three-month campaign for saturation of financial inclusion schemes covering all 2.70 lakh Gram Panchayats and Urban Local Bodies from July 1 to September 30, 2025.
Question 10
How many lives were claimed by continuous downpours in Himachal Pradesh as mentioned in the article?
a) 68
b) 78
c) 88
d) 98
Answer: b) 78
Explanation: Continuous downpours in Himachal Pradesh have claimed 78 lives, while Uttarakhand remains on high alert for potential landslides and flooding, highlighting the need for effective disaster management.
Answer Key
c) 5.50%
b) India
b) 6.5%
b) Rs 1.85 lakh crore
b) Rs 10,000 crore
c) 5.5 crore
b) 25%
b) Sanjog Gupta
b) 3 months
b) 78
Scoring Guide
9-10 Correct: Excellent preparation level
7-8 Correct: Good preparation, focus on weaker areas
5-6 Correct: Average preparation, need more practice
Below 5: Requires intensive study of current affairs
Key Topics for Competitive Exams
Banking & Finance Focus Areas
RBI monetary policy decisions and interest rate changes
GST collection trends and economic indicators
Banking sector reforms and customer service initiatives
Financial inclusion schemes and digital banking progress
International Relations
BRICS summit outcomes and India’s diplomatic initiatives
Global trade policy changes and their implications
International cooperation in various sectors
Multilateral organization developments
Government Schemes & Initiatives
Technology and innovation funding programs
Tribal empowerment and social welfare campaigns
Infrastructure development projects
Administrative reforms and policy implementations
Sports & Entertainment
Cricket series and tournament updates
International sporting events and Indian participation
Administrative changes in sports organizations
Performance of Indian athletes globally
This comprehensive quiz covers all major current affairs topics relevant for competitive examinations and provides detailed explanations to enhance understanding and retention of important information.
