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Daily Current Affairs
29 April, 2025
1. Which country recently finalized a â‚ą64,000 crore deal with India to supply 26 Rafale-M jets for the Indian Navy?
A. USA
B. UK
C. Russia
D. France
E. Germany
Answer: D. France
Explanation: India finalized a â‚ą64,000 crore deal with France for 26 Rafale-M jets intended for the Indian Navy, with delivery between 2028 and 2030.
2. What is the main objective of the PM Surya Ghar Muft Bijli Yojana?
A. Promote nuclear energy
B. Provide free LPG connections
C. Enable 1 crore rooftop solar installations
D. Subsidize electric vehicles
E. Distribute free electricity in rural areas
Answer: C. Enable 1 crore rooftop solar installations
Explanation: The PM Surya Ghar Muft Bijli Yojana aims to provide 1 crore rooftop solar connections through a fully digital process via the National Portal.
3. What percentage of Indians support uncensored media, according to the Pew Research Survey?
A. 50%
B. 60%
C. 68%
D. 75%
E. 80%
Answer: C. 68%
Explanation: Despite 80% believing media is free in India, only 68% support the idea of uncensored media, indicating a normalization of censorship.
4. What new financial instrument did the RBI introduce effective May 2, 2025?
A. Sovereign Gold Bonds
B. Crypto-backed Bonds
C. Physical Bond Forwards
D. Digital Rupee Bonds
E. UPI-linked Fixed Deposits
Answer: C. Physical Bond Forwards
Explanation: RBI introduced physical bond forwards, expanding from cash-settled instruments to support hedging and boost demand for long-term SDLs.
5. What penalty did SEBI impose on Patel Wealth Advisors (PWA) for spoofing?
A. â‚ą1.5 crore and trading halt
B. â‚ą2 crore and market ban
C. â‚ą3.22 crore and market ban
D. â‚ą5 crore and jail term
E. â‚ą1 crore and license suspension
Answer: C. â‚ą3.22 crore and market ban
Explanation: SEBI penalized PWA â‚ą3.22 crore and imposed a market ban for 621 spoofing instances across 193 stocks, emphasizing its crackdown on algorithmic fraud.
6. What is the new margin collection rule under the T+1 settlement regime?
A. T+3 settlement
B. Collection on trade date
C. Margins to be collected by T+1
D. Weekly settlement margin
E. Margin collection post trade verification
Answer: C. Margins to be collected by T+1
Explanation: Under the new rule, brokers must collect client margins by the next trading day (T+1) to ensure timely compliance and reduce systemic risk.
7. What was India’s total defence spending in 2024, according to the SIPRI Report?
A. $50.2 billion
B. $86.1 billion
C. $120 billion
D. $314 billion
E. $65.7 billion
Answer: B. $86.1 billion
Explanation: SIPRI ranked India 5th globally in defence spending with $86.1 billion, reflecting concerns over regional threats and modernization goals.
8. How much did the Indian Rupee appreciate in April 2025?
A. 0.30%
B. 0.45%
C. 0.51%
D. 1.10%
E. 2.00%
Answer: C. 0.51%
Explanation: The INR appreciated by 0.51% in April, strengthening to â‚ą85.03/USD due to weak dollar index and increased foreign inflows.
9. What significant step has the Finance Ministry taken to improve UPI services?
A. Introduced a UPI tax
B. Mandated linking UPI to Aadhaar
C. Launched a new UPI version
D. Ordered reinforcement of UPI infrastructure
E. Imposed user caps on UPI apps
Answer: D. Ordered reinforcement of UPI infrastructure
Explanation: The Finance Ministry initiated measures to strengthen UPI’s resilience and cybersecurity after multiple service disruptions were reported.
10. What is the objective of Tamil Nadu’s Microfinance Regulation Bill passed in 2025?
A. Promote digital lending
B. Encourage NBFC expansion
C. Prevent coercive loan recovery
D. Impose interest rate caps
E. Introduce mandatory Aadhaar for loans
Answer: C. Prevent coercive loan recovery
Explanation: The Tamil Nadu Bill aims to regulate coercive recovery practices by microfinance institutions and introduces jail terms and district-level dispute mechanisms.
