Major Events Air India Flight Crash in Ahmedabad Air India Flight AI171, a Boeing 787 Dreamliner bound for London Gatwick, crashed shortly after takeoff from Sardar Vallabhbhai Patel International Airport in Ahmedabad The aircraft was carrying 242 passengers and crew members, including 169 Indian nationals, 53 British nationals, one Canadian, and seven Portuguese nationals The…
Question 1: Banking and Monetary Policy What significant monetary policy decision did the RBI announce recently? A) 25 basis points repo rate increase B) 50 basis points repo rate cut and 100 basis points CRR reduction C) No change in repo rate D) 75 basis points repo rate increase Answer: B) 50 basis points repo…
National Affairs and Government Updates Banking and Financial Sector Developments RBI Monetary Policy Update: The Reserve Bank of India maintained its aggressive monetary stance with a significant 50 basis points repo rate cut, bringing the rate down from previous levels. The central bank also announced a 100 basis points reduction in Cash Reserve Ratio (CRR)…
1. Which state’s leadership crisis involved the summoning of CM Siddaramaiah and Deputy CM DK Shivakumar to Delhi? A) Maharashtra B) Karnataka C) Telangana D) Bihar Answer: B) Karnataka 2. What is the primary objective of the UMEED portal launched by Kiren Rijiju? A) Agricultural subsidies B) Digital management of Waqf properties C) Healthcare initiatives…
National Affairs Political Developments Karnataka Leadership Crisis: Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar summoned to Delhi by Congress high command following the Bengaluru stampede incident that occurred during RCB victory celebrations on 04.06.2025 Modi Government Milestone: The central government completed its first year of the third term and 11th year overall, with…
1. By how many basis points did the RBI reduce the repo rate in its June 2025 policy meeting? a) 25 bps b) 40 bps c) 50 bps d) 75 bps Answer: c) 50 bps 2. Which bridge on the Udhampur-Srinagar-Baramulla Rail Link is the world’s highest railway bridge? a) Anji Khad Bridge b) Chenab…
National News RBI Cuts Repo Rate by 50 Basis Points The Reserve Bank of India’s Monetary Policy Committee (MPC) concluded its meeting and announced a 50 basis points cut in the repo rate, bringing it down to 5.5%. The policy stance was changed to ‘Neutral’ due to a softer inflation outlook and a need to…
1. What is the height of the Chenab Bridge, inaugurated by PM Modi in Jammu & Kashmir? A) 300 meters B) 359 meters C) 400 meters D) 315 meters Answer: B) 359 meters 2. Which variant was NOT listed as driving India’s recent COVID-19 surge? A) JN.1 B) XFC C) Delta D) LF.7 Answer: C)…
NATIONAL NEWS COVID-19 Situation Update Active COVID-19 cases in India crossed the 6,000 mark as of June 8, 2025 Total of 6 deaths reported in the last 24 hours across four states Kerala remains the most affected state with over 1,800 active cases Delhi reported 73 fresh cases, taking the total active cases to 665…
The Reserve Bank of India delivered significant monetary policy decisions in June 2025, marking a pivotal moment in the country’s economic trajectory. The 55th Monetary Policy Committee meeting, held from June 4-6, 2025, under Governor Sanjay Malhotra’s leadership, brought forth substantial changes that will reshape India’s financial landscape for the remainder of the fiscal year….
