Daily Current Affairs Quiz for Competitive Exams
Question 1
What is the current repo rate maintained by RBI following the August 2025 Monetary Policy Committee meeting?
A) 5.25%
B) 5.50%
C) 5.75%
D) 6.00%
Answer: B) 5.50%
The Reserve Bank of India has maintained the repo rate at 5.50% during the August 2025 MPC meeting, adopting a neutral stance to monitor economic conditions.
Question 2
Which amendment act in banking came into effect from August 1, 2025?
A) Banking Regulation Amendment Act 2025
B) Banking Laws Amendment Act 2025
C) RBI Amendment Act 2025
D) Cooperative Banking Act 2025
Answer: B) Banking Laws Amendment Act 2025
The Banking Laws Amendment Act 2025 introduced comprehensive reforms including revision of substantial interest threshold from Rs 5 lakh to Rs 2 crore.
Question 3
What is the budget allocated for ISRO’s Chandrayaan-4 mission?
A) Rs 1,500 crore
B) Rs 1,800 crore
C) Rs 2,104.06 crore
D) Rs 2,500 crore
Answer: C) Rs 2,104.06 crore
The Cabinet has approved Rs 2,104.06 crore budget for Chandrayaan-4 lunar sample return mission with a 36-month completion timeline.
Question 4
The Prime Minister inaugurated highway projects worth how much in Delhi during August 2025?
A) Rs 8,000 crore
B) Rs 9,500 crore
C) Rs 11,000 crore
D) Rs 12,500 crore
Answer: C) Rs 11,000 crore
Prime Minister launched Rs 11,000 crore highway projects in Delhi including the Dwarka Expressway and Urban Extension Road-II.
Question 5
What is India’s GDP growth forecast maintained by RBI for FY26?
A) 6.0%
B) 6.2%
C) 6.5%
D) 6.8%
Answer: C) 6.5%
RBI has maintained the GDP growth projection for FY26 at 6.5% despite global economic uncertainties, while the International Monetary Fund projects 6.4%.
Question 6
Which theme was chosen for National Space Day 2025 celebrated on August 23?
A) Space Technology for Sustainable Development
B) Aryabhatta to Gaganyaan Ancient Wisdom to Infinite Possibilities
C) India’s Journey to Mars and Beyond
D) Chandrayaan to International Space Station
Answer: B) Aryabhatta to Gaganyaan Ancient Wisdom to Infinite Possibilities
India celebrated its second National Space Day on August 23, 2025 with the theme highlighting the journey from ancient astronomer Aryabhatta to the upcoming Gaganyaan mission.
Question 7
The Indian Cricket Season 2025-26 commences with which tournament starting August 28?
A) Ranji Trophy
B) Duleep Trophy
C) Irani Cup
D) Vijay Hazare Trophy
Answer: B) Duleep Trophy
The Indian Cricket Season 2025-26 officially begins on August 28 with the Duleep Trophy tournament featuring star players including Shreyas Iyer and Yashasvi Jaiswal.
Question 8
What is the revised inflation forecast by RBI for FY26?
A) 2.8%
B) 3.1%
C) 3.7%
D) 4.2%
Answer: B) 3.1%
RBI revised the inflation forecast for FY26 downward from 3.7% to 3.1% reflecting the favorable inflation environment in the country.
Question 9
Which Japanese bank received RBI approval to acquire stake in Yes Bank?
A) Mitsubishi UFJ Financial Group
B) Sumitomo Mitsui Banking Corporation
C) Mizuho Bank
D) Nomura Holdings
Answer: B) Sumitomo Mitsui Banking Corporation
Japan’s Sumitomo Mitsui Banking Corporation received RBI approval to acquire up to 24.99% stake in Yes Bank as part of banking sector consolidation.
Question 10
The substantial interest threshold in banking has been revised from Rs 5 lakh to what amount?
A) Rs 1 crore
B) Rs 1.5 crore
C) Rs 2 crore
D) Rs 2.5 crore
Answer: C) Rs 2 crore
The Banking Laws Amendment Act 2025 redefined the substantial interest threshold from Rs 5 lakh to Rs 2 crore, updating the limit that remained unchanged since 1968.
