Current Affairs quiz 2025, Daily gk updates and Current affairs is playing a major role in any competitive exam. so here we are providing the current affairs quiz on daily basis for Bank, SSC, Railway and Other Government Competitive Examinations.
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Q.1. Which regulatory body has approved Equirus Group’s entry into the non-banking financial services sector through Equirus Finance?
(d) Insurance Regulatory and Development Authority (IRDA)
(e) Financial Stability and Development Council (FSDC)
Answer & Explanation
Ans.1.(b)
Exp. RBI approves Equirus Finance NBFC launch
The Reserve Bank of India has approved Equirus Group to enter the non-banking financial sector with its new lending arm, Equirus Finance, operating as a non-deposit-taking NBFC focused on customised lending solutions.
Equirus Finance will offer products like Loan Against Securities (LAS), ESOP financing, market-linked debentures, and structured finance, targeting high-net-worth individuals, family offices, and corporate promoters with a goal to build a ₹3,000 crore loan book.
Leveraging Equirus Wealth’s $2.2 billion asset management expertise, the NBFC aims to provide integrated financial advice and funding, emphasising transparency, regulatory compliance, and ethical lending to lead the premium lending segment in India.
Q.2. EQBAC, a fintech company expanding its operations to India with a partner-first approach to simplify cross-border investing, is headquartered in which of the following countries, known for its status as a global financial hub and strategic location?
Exp. EQBAC Launches in India with Partner-First Platform to Simplify Cross-Border Investing
EQBAC, headquartered in Mauritius, has launched operations in India with a partner-first approach to simplify cross-border investing, enabling retail and high-net-worth investors to access global assets through a secure and regulated digital platform.
Founded by Satinder Aggarwal, EQBAC offers plug-and-play access to fractional global equities, ETFs, mutual funds, bonds, pre-IPOs, and structured products, focusing on supporting financial advisors without competing with them.
The platform acts as an execution broker with white-label and API integrations, allowing partners to retain client relationships, revenue, and branding, while investments are held in segregated accounts via top global banks like Citibank and Standard Chartered.
Q.3. Recently, the World Health Organization (WHO) declared which African nation free from sleeping sickness (Human African trypanosomiasis) as a public health problem?
Exp. Kenya Becomes 10th Country to Eliminate Sleeping Sickness as a Public Health Problem: WHO
The World Health Organisation (WHO) announced that Kenya has successfully eliminated sleeping sickness, also known as human African trypanosomiasis (HAT), as a public health problem, becoming the 10th country to achieve this milestone.
HAT, caused by the parasite Trypanosoma brucei and transmitted by infected tsetse flies, is generally fatal without treatment and primarily affects rural populations engaged in agriculture, fishing, livestock rearing, or hunting.
Besides Kenya, countries such as Benin, Chad, Equatorial Guinea, Ghana, Guinea, Ivory Coast, Rwanda, Togo, and Uganda have also eliminated sleeping sickness, marking significant progress toward making Africa free of neglected tropical diseases.
About Kenya
Capital- Nairobi
Currency- Kenyan Shilling
Continent – Africa
President- William Ruto
Official languages- Swahili, English
Q.4. Who recently inaugurated the nation’s first ‘Animal Stem Cell Biobank’, a cutting-edge facility to store and preserve high-quality stem cells from various animal species?
Exp. India Inaugurates First ‘Animal Stem Cell Biobank’ at NIAB, Hyderabad
Union Minister of State for Science & Technology Jitendra Singh inaugurated India’s first Animal Stem Cell Biobank at the National Institute of Animal Biotechnology (NIAB) under BRIC in Hyderabad, to store and preserve high-quality stem cells from various animal species.
The facility is a state-of-the-art centre aimed at advancing research in animal health, genetic preservation, and biodiversity conservation.
The Minister also launched five breakthrough animal health technologies developed by NIAB, including BruDIVA, a diagnostic test to differentiate between brucellosis-infected and vaccinated animals for better disease control.
Q.5. What is the estimated total cost of the Bengaluru Metro Phase-3 project, for which Prime Minister Narendra Modi recently laid the foundation stone, aiming to expand the metro network by over 44 km with 31 elevated stations to address the city’s growing transportation needs?
Exp. PM Modi Inaugurates Bengaluru Metro Yellow Line
Prime Minister Narendra Modi inaugurated the Yellow Line of Bengaluru Metro Phase-2, spanning over 19 km with 16 stations, valued at around Rs 7,160 crore, increasing Bengaluru’s operational metro network to over 96 km.
He laid the foundation stone for Bengaluru Metro Phase-3 project worth Rs 15,610 crore, which will have more than 44 km route length and 31 elevated stations, aimed at improving transportation across residential, industrial, commercial, and educational zones.
PM Modi also flagged off 3 Vande Bharat Express trains from Bengaluru to Belagavi, Amritsar–Sri Mata Vaishno Devi Katra, and Nagpur–Pune, enhancing regional connectivity and reducing travel time with high-speed rail service.
Q.6. What was the total value of India’s defence production in the Financial Year 2024-25, marking an all-time high with an 18% increase over the previous fiscal year and reflecting a strong growth trajectory since FY 2019-20?
Exp. India’s Defence Production Hits Record Rs 1.50 Lakh Crore in FY 2024-25
India’s annual defence production reached an all-time high of Rs 1,50,590 crore in FY 2024-25, marking an 18% growth over the previous year and a 90% increase since FY 2019-20, reflecting a strengthening defence industrial base.
Defence Public Sector Undertakings (DPSUs) contributed about 77% of total production, while the private sector’s share rose to 23% from 21% last year, showing increased private participation and a 28% growth in private sector production.
Defence exports hit a record Rs 23,622 crore in FY 2024-25, up 12.04% from the previous year, highlighting the success of the Aatmanirbhar Bharat initiative and India’s growing role in global defence manufacturing and exports.
Q.7. From which date will ICICI Bank’s increased Minimum Average Balance (MAB) requirement for new savings accounts be applicable?
Exp. ICICI Bank raises minimum balance requirement for savings accounts
ICICI Bank has increased the minimum monthly average balance (MAB) for new savings bank accounts opened on or after August 1, 2025, by five times to ₹50,000 in metro and urban locations; semi-urban MAB is now ₹25,000, and rural MAB is ₹10,000.
Customers failing to meet the required MAB will face penal charges of 6% of the shortfall or ₹500 (whichever is lower), with an annual interest rate of 2.5% applicable on savings balances.
Certain accounts such as salary accounts, PM Jan Dhan Yojana accounts, and basic savings deposit accounts remain exempt as they are zero-balance accounts; higher MAB holders get benefits like free NEFT transfers and 3 complimentary cash transactions per month.
The revision comes as public sector banks like SBI, PNB, Canara Bank, and Indian Bank have waived or reduced MAB penalties, contrasting with ICICI Bank’s sharp hike for new accounts.
Q.8. At the Indian Open 2025 World Athletics Bronze Level Continental Tour held at Kalinga Stadium in Bhubaneswar, which Olympian athlete won the women’s javelin throw title by recording a best throw of 62.01 meters, outperforming competitors from Sri Lanka and India?
Exp. Annu Rani Clinches Women’s Javelin Title, Murali Sreeshankar Wins Long Jump at Indian Open 2025
In Athletics, Olympian Annu Rani won the women’s javelin throw title at the Indian Open 2025 World Athletics Bronze Level Continental Tour at the Kalinga Stadium in Bhubaneswar, Odisha.
She recorded a best throw of 62.01 meters, comfortably beating Sri Lanka’s NDL Hatarabag Leka 56.27 meters and India’s Deepika 54.20 meters.
In the men’s javelin throw, India’s Shivam Lohakare secured the silver medal with a throw of 80.73 meters. Sri Lanka’s Rumesh Pathirage claimed the gold with an impressive throw of 86.50 meters, surpassing the World Championships qualifying mark of 85.50 meters. Another Sri Lankan, Sumeda J Ranasinghe, took bronze with a throw of 80.65 meters.
Q.9. Who became the first Indian to win a medal at the Asian Surfing Championships by securing bronze in the Open Men’s category?
Exp. Ramesh Budhial Becomes First Indian to Win Asian Surfing Championship Medal, Clinches Bronze
Ramesh Budhial became the first Indian ever to win a medal at the Asian Surfing Championships by clinching the bronze in the Open Men’s category held in Chennai, scoring 12.60 points.
The men’s gold medal was won by Korea’s Kanoa Heejae with 15.17 points, while Indonesia’s Pajar Ariyana secured silver with 14.57 points.
In the Open Women’s category, Japan’s Anri Matsuno won gold, and Korea’s Kanoa Heejae also took the Under-18 boys’ gold, showcasing strong performances across categories at the event.
Q.10. The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹75 lakh on which private sector bank for non-compliance with specific regulatory directions, including those related to property valuation and current account operations?
Exp. RBI Fines ICICI Bank ₹75 Lakh for Violating Property Valuation and Current Account Norms
The Reserve Bank of India (RBI) has levied a fine of ₹75 lakh on ICICI Bank Limited for breaching guidelines on property valuation and current account discipline.
ICICI Bank failed to use independent valuers for certain mortgage loan property valuations and opened/maintained current accounts in violation of RBI norms.
Recent Penalties imposed on Financial Institution
Policybazaar Insurance Brokers Pvt Ltd (₹5 crore) by IRDAI – for serious violations involving corporate governance, misleading product promotions
Star Health Insurance (₹3.39 Crore) by IRDAI – for Cyber Security Violations
HDFC Bank (₹4.88 crore) by RBI – for violating foreign investment norms while sanctioning a term loan to a client.
Shriram Finance Limited (₹2.70 lakh) by RBI – for non-compliance with certain provisions of the RBI (Digital Lending) Directions, 2025
Union Bank of India (₹63.6 lakh) by RBI – for not transferring funds to the Depositor Education and Awareness Fund and collecting collateral on small agricultural loans.
Q.11. The Ministry of Communications recently announced that BSNL has signed Memorandums of Understanding (MoUs) with four leading global technology companies to provide advanced training in 5G, Artificial Intelligence (AI), and Machine Learning (ML) technologies. Which of the following correctly lists these four companies?
Exp. BSNL Partners with Global Tech Giants to Launch Advanced 5G and AI Training Programs at Jabalpur Institute
BSNL signed MoUs with Ericsson, Qualcomm, Cisco, and Nokia to launch advanced training programs in 5G, AI/ML, networking, and digital technologies at BRBRAITT, Jabalpur.
The initiative supports DoT’s plan to establish a Telecom Innovation, Research, and Training Centre (TIRTC) at BRBRAITT, aiming to train over 2,000 students annually with Phase 1 investments exceeding ₹1 crore.
Courses will range from short 2-week modules to intensive 84-hour programs, aiming to position Jabalpur as a hub for cutting-edge technology education.
Q.12. Which Indian IT Services Company has recently signed a strategic Memorandum of Understanding (MoU) with the telecom arm of the Philippines-based NOW Corporation to enhance the country’s digital infrastructure, promote technological innovation, and support nationwide connectivity projects?
Exp. TCS Partners with Now Telecom to Boost Digital Infrastructure and Financial Inclusivity in the Philippines
Tata Consultancy Services (TCS) has signed an MoU with NOW Corporation’s telecom arm, Now Telecom, to strengthen the Philippines’ digital infrastructure, enhance financial inclusivity, and promote national digital sovereignty through secure and trusted networks.
Under the partnership, TCS will provide sovereign cloud technology, a cyber-defence suite, and citizen-centric services in healthcare and digital banking, while also supporting operational interoperability and safeguarding national data from external threats.
Both TCS and Now Telecom are part of the Trusted Network Alliance under the Trusted Network Initiative (TNI), working to develop secure telecom networks, bolster cyber-digital cooperation in the Indo-Pacific, and ensure sovereign control over critical systems during crises.
Q.13. When is World Steelpan Day observed annually?
विश्वस्टीलपैनदिवसहरवर्षकबमनायाजाताहै?
(a) 5 August
(b) 8 August
(c) 11 August
(d) 15 August
(e) 20 August
Answer & Explanation
Ans.13.(c)
Exp. 11 August – World Steelpan Day
World Steelpan Day is celebrated every year on 11 August to honour the steelpan, the only acoustic musical instrument invented in the 20th century.
Originating from Trinidad and Tobago in the Caribbean, the steelpan is a percussion instrument made from industrial steel drums, known for its vibrant, melodic sound.
The day recognizes the cultural and musical significance of the steelpan, promoting awareness of its heritage and its role in uniting communities worldwide through music.
Q.14. The 18th edition of the International Olympiad on Astronomy and Astrophysics (IOAA), a prestigious annual competition for high school students in astronomy, astrophysics, and related fields, is being hosted in India in 2025. Which Indian city has been chosen as the venue for this global event?
खगोलविज्ञानऔरखगोलभौतिकीपरअंतर्राष्ट्रीयओलंपियाड (IOAA) का 18वाँसंस्करण, जोखगोलविज्ञान, खगोलभौतिकीऔरसंबंधितक्षेत्रोंमेंहाईस्कूलकेछात्रोंकेलिएएकप्रतिष्ठितवार्षिकप्रतियोगिताहै, 2025 मेंभारतमेंआयोजितकियाजारहाहै।इसवैश्विकआयोजनकेलिएकिसभारतीयशहरकोचुनागयाहै?
(a) New Delhi
(b) Bengaluru
(c) Mumbai
(d) Pune
(e) Hyderabad
Answer & Explanation
Ans.14.(c)
Exp. Mumbai Hosts Largest-Ever International Astronomy Olympiad with 288 Students from 64 Countries
The 18th International Olympiad on Astronomy and Astrophysics (IOAA) began in Mumbai, hosted by the Homi Bhabha Centre for Science Education, Tata Institute of Fundamental Research, with participation from 288 students representing 64 countries, including Ghana as an observer.
The 10-day event will feature diverse rounds such as theory, observation, sky map reading, data analysis, planetarium round, and team competitions, making it the largest IOAA ever held.
The Olympiad aims to unite young astronomy enthusiasts worldwide, encouraging academic collaboration, cultural exchange, and friendship, while following rigorous question-setting and evaluation processes.
Q.15. When is World Elephant Day observed annually?
विश्वहाथीदिवसप्रतिवर्षकबमनायाजाताहै?
(a) 10 August
(b) 11 August
(c) 12 August
(d) 13 August
(e) 15 August
Answer & Explanation
Ans.15.(c)
Exp. 12 August – World Elephant Day
World Elephant Day, observed annually on 12 August, aims to raise global awareness about the urgent need to protect elephants and their habitats, addressing threats like poaching, habitat loss, and human-elephant conflict.
The day was first celebrated in 2012, initiated by Canadian filmmaker Patricia Sims and Thailand’s Elephant Reintroduction Foundation, and is now supported by over 100 wildlife organizations worldwide.
