Which Act’s key provisions came into effect on August 1, 2025, introducing 19 amendments across major banking laws? A) Banking Regulation Act 1955 B) Banking Laws (Amendment) Act 2025 C) Reserve Bank of India Act 1934 D) Public Sector Banks Reforms Act 2025 Answer: B The threshold for “substantial interest” in cooperative banks was raised…
NATIONAL AFFAIRS Banking and Financial Sector Developments Banking Laws Amendment Act 2025 Implementation: Key provisions of the Banking Laws (Amendment) Act, 2025 came into effect from August 1, 2025. The comprehensive legislation introduces 19 amendments across five major banking laws including the Reserve Bank of India Act 1934, Banking Regulation Act 1949, State Bank of…
Who became the first woman Director General of the Railway Protection Force on 03.08.2025? A. Anjali Sharma B. Sonali Mishra C. Kavita Singh D. Priya Nair Answer: B. Sonali Mishra Which bank approved the amalgamation of New India Co-operative Bank on 03.08.2025? A. Bandhan Bank B. State Bank of India C. Saraswat Co-operative Bank D….
Important Appointments & Government Decisions Sonali Mishra becomes the first woman Director General of the Railway Protection Force in its 143-year history. Deepak Reddy appointed CEO of Manappuram Finance, a leading non-banking finance company. Trans Yamuna Development Board reconstituted; new chairman appointed to oversee infrastructure and flood management. Supreme Court allows NEET-PG 2025 exam in…
Prime Minister Modi’s visit to Varanasi on 02.08.2025 included laying foundation stones for development projects worth: A. ₹1,800 crore B. ₹2,200 crore C. ₹2,500 crore D. ₹3,000 crore Answer: B Under the Banking Laws Amendment Act 2025, the threshold for “substantial interest” in banks was raised from ₹5 lakh to: A. ₹1 crore B. ₹1.5…
National News – India Prime Minister Modi’s Varanasi Visit and Development Projects Prime Minister Narendra Modi visited his parliamentary constituency Varanasi on August 2, 2025, inaugurating and laying foundation stones for development projects worth ₹2,200 crore The visit marked PM Modi’s 51st visit to Varanasi, covering infrastructure, education, healthcare, tourism, urban development, and cultural heritage…
Which missile did DRDO successfully test on July 28–29, 2025? A. Agni-V B. Pralay C. BrahMos D. Nirbhay Answer: B. Pralay Operation Sindoor was launched to avenge which terror attack? A. Uri attack B. Pahalgam attack C. Pathankot attack D. Pulwama attack Answer: B. Pahalgam attack As of March 2025, the RBI Digital Payments Index…
National News Highlights Defence and Security Updates DRDO Successfully Tests Pralay Missile Defence Research and Development Organisation conducted two consecutive successful flight tests of Pralay missile on July 28-29, 2025 Tests conducted from Dr APJ Abdul Kalam Island off Odisha coast as part of user evaluation trials Pralay is an indigenously developed solid propellant quasi-ballistic…
Which US action against India was slated to take effect on August 1, 2025? A) Reduction in oil imports B) 25% tariffs plus penalty on Indian goods C) Visa restrictions for Indian students D) Suspension of defence cooperation Answer: B) 25% tariffs plus penalty on Indian goods Operation Shivshakti was conducted by which Indian force?…
Important National News Prime Minister Modi Announces Decision on US Tariffs US President Donald Trump announced 25% tariffs plus penalty on India effective from August 1, 2025 The announcement was made via Truth Social platform Trump stated that while India is a friend, their tariffs are among the highest in the world External Affairs Minister…
