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Daily Current Affairs
1 April, 2025
1. What is the primary reason for the Central Government’s proposal to revise the base year for CPIAL/RL?
a) To increase the Consumer Price Index
b) To decrease inflation rates
c) To better reflect current consumption patterns
d) To align with international standards
e) To adjust interest rates
Answer: c) To better reflect current consumption patterns
Explanation: The Central Government aims to revise the base year for the Consumer Price Index for Agricultural Labourers/Rural Labourers (CPIAL/RL) to ensure that the index accurately represents the current consumption patterns of the population.​C4S Courses+1C4S Courses+1
2. Which organization projected a positive growth outlook for the Indian economy in 2025?
a) World Bank
b) International Monetary Fund
c) Reserve Bank of India
d) Asian Development Bank
e) NITI Aayog
Answer: b) International Monetary Fund
Explanation: The International Monetary Fund (IMF) projected a positive growth outlook for the Indian economy in 2025, indicating confidence in the country’s economic recovery and growth prospects.​
3. What significant change did the RBI implement regarding risk weights on bank loans to NBFCs effective April 1, 2025?
a) Increased from 100% to 125%
b) Decreased from 125% to 100%
c) Maintained at 125%
d) Eliminated risk weights entirely
e) Introduced a variable risk weight system
Answer: b) Decreased from 125% to 100%
Explanation: The Reserve Bank of India (RBI) restored the risk weight on bank loans to Non-Banking Financial Companies (NBFCs) from 125% to 100%, aiming to reduce the capital burden on banks and enhance credit flow to the NBFC sector. ​C4S Courses
4. What is the new maximum fee that banks can charge for ATM cash withdrawals effective May 1, 2025?
a) â‚ą20
b) â‚ą21
c) â‚ą22
d) â‚ą23
e) â‚ą25
Answer: d) â‚ą23
Explanation: Effective May 1, 2025, the maximum fee that banks can charge for ATM cash withdrawals has been increased to ₹23, up from the previous limit of ₹21. ​C4S Courses+1C4S Courses+1
5. Which organization extended the deadline for related party transaction compliance to July 1, 2025?
a) Reserve Bank of India
b) Ministry of Corporate Affairs
c) Securities and Exchange Board of India
d) Competition Commission of India
e) National Financial Reporting Authority
Answer: c) Securities and Exchange Board of India
Explanation: The Securities and Exchange Board of India (SEBI) extended the deadline for listed companies to comply with industry standards on minimum information disclosure for related party transactions to July 1, 2025. ​C4S Courses
6. What action did Paytm take regarding third-party payment orchestration platforms effective April 1, 2025?
a) Partnered exclusively with Juspay
b) Allowed all third-party platforms
c) Directed merchants to stop using third-party platforms
d) Reduced transaction fees for third-party platforms
e) Introduced a new third-party platform
Answer: c) Directed merchants to stop using third-party platforms
Explanation: Paytm instructed its merchants to cease using third-party payment orchestration platforms like Juspay, requiring all transactions to be routed exclusively through Paytm Payments Services (PPSL) starting April 1, 2025. ​C4S Courses
7. Which fintech company’s non-banking financial arm received an ‘IND BBB+’ credit rating with a stable outlook?
a) PhonePe
b) BharatPe
c) Razorpay
d) Paytm
e) Cashfree Payments
Answer: b) BharatPe
Explanation: Trillionloans Fintech, the non-banking financial arm of BharatPe, was awarded an ‘IND BBB+’ credit rating by India Ratings & Research, indicating a stable outlook. ​C4S Courses
8. What is the purpose of the RBI’s revised Prompt Corrective Action (PCA) framework for Urban Cooperative Banks effective April 1, 2025?
a) To increase lending limits
b) To replace the Supervisory Action Framework
c) To reduce interest rates
d) To merge small banks
e) To introduce new banking licenses
Answer: b) To replace the Supervisory Action Framework
Explanation: The RBI’s revised Prompt Corrective Action (PCA) framework, effective April 1, 2025, replaces the existing Supervisory Action Framework (SAF) for weak Urban Cooperative Banks (UCBs) to strengthen their financial health. ​C4S Courses
9. Which organization proposed allowing stock brokers to operate in GIFT-IFSC without prior approval?
a) Reserve Bank of India
b) Ministry of Finance
c) Securities and Exchange Board of India
d) International Financial Services Centres Authority
e) National Stock Exchange
Answer: c) Securities and Exchange Board of India
Explanation: The Securities and Exchange Board of India (SEBI) proposed allowing stock brokers to operate in the International Financial Services Centre (IFSC) at GIFT City without requiring prior SEBI approval, facilitating easier market access. ​C4S Courses
