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Daily Current Affairs
14 June, 2025
1. India abstained from a UNGA vote on 13 June 2025 related to which of the following?
A. Climate Crisis
B. Ukraine Conflict
C. Gaza Ceasefire
D. Rohingya Issue
E. South China Sea Tensions
Answer: C. Gaza Ceasefire
Explanation: India abstained from the UNGA vote on 13 June 2025, calling for an immediate ceasefire in Gaza. It marked India’s fourth abstention on Gaza-related issues in three years.
2. Which of the following resolutions at the UNGA require a two-thirds majority?
A. Economic surveys
B. Budgetary decisions
C. General discussions
D. Media briefings
E. Environmental studies
Answer: B. Budgetary decisions
Explanation: UNGA resolutions on budgetary decisions, peace/security recommendations, and membership issues require a two-thirds majority.
3. According to the Finance Act 2022, Virtual Digital Assets (VDAs) include all of the following except:
A. Bitcoin
B. Ethereum
C. NFTs
D. CBDCs
E. Stablecoins
Answer: D. CBDCs
Explanation: CBDCs (Central Bank Digital Currencies) are excluded from the VDA definition as they are regulated by the government.
4. What is the current flat tax rate on VDA income in India under Section 115BBH?
A. 5%
B. 10%
C. 20%
D. 30%
E. 50%
Answer: D. 30%
Explanation: Income from cryptocurrency and VDA transactions is taxed at a flat 30% rate without deductions, under Section 115BBH.
5. What is the revised External Benchmark Lending Rate (EBLR) of SBI after a recent 50 bps cut?
A. 8.75%
B. 8.50%
C. 8.35%
D. 8.15%
E. 7.85%
Answer: D. 8.15%
Explanation: SBI reduced its EBLR by 50 basis points to 8.15%, aligning with RBI’s policy repo rate cut.
6. What is the main benefit of STRIPS trading in state government securities introduced by RBI?
A. Subsidy transfers
B. Foreign exchange control
C. Enhanced liquidity and price discovery
D. Bank recapitalization
E. Direct benefit transfers
Answer: C. Enhanced liquidity and price discovery
Explanation: STRIPS allows interest and principal parts of securities to be traded separately, improving liquidity and market efficiency.
7. Which of the following was introduced to ease reactivation of dormant bank accounts?
A. Aadhar linking penalty
B. Digital KYC only at head office
C. Video-based KYC and use of business correspondents
D. Mandatory court affidavit
E. Linking of PAN to mobile
Answer: C. Video-based KYC and use of business correspondents
Explanation: RBI’s new guidelines allow flexible KYC via video and use of BCs to assist customers, especially in rural areas.
8. The Scapia Federal RuPay Credit Card is notable for which of the following features?
A. Only RuPay usage
B. Cashback on diesel
C. Zero forex markup and dual-network support
D. Integration with Jan Dhan accounts
E. No OTP transactions
Answer: C. Zero forex markup and dual-network support
Explanation: The card operates on both VISA and RuPay networks and offers zero forex markup, especially suited for travelers.
9. NABARD received approval to raise â‚ą19,500 crore using which financial instrument?
A. Treasury Bills
B. Convertible Debentures
C. Deep-discount zero-coupon bonds
D. Infrastructure Bonds
E. Green Bonds
Answer: C. Deep-discount zero-coupon bonds
Explanation: NABARD was permitted to raise ₹19,500 crore through zero-coupon bonds, which don’t offer interest but mature at face value.
10. The Agri Stack initiative includes which of the following AI features?
A. AI-based soil purification
B. Facial authentication of surveyors
C. AI drones for pesticide use
D. Virtual Parliament for farmers
E. Crypto farming integration
Answer: B. Facial authentication of surveyors
Explanation: The Agri Stack includes pilots for facial authentication of surveyors, crop recognition via AI, and grievance portals.
