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Daily Current Affairs
10 July, 2025
1. What recent approval did IN-SPACe grant to Starlink in July 2025?
A. Launch of its first satellite from India
B. Use of ISRO ground stations for telemetry
C. Operation of satellite broadband services in India
D. Acquisition of Antrix Corporation
E. Supply of ground internet equipment to BSNL
Answer: C. Operation of satellite broadband services in India
Explanation: IN-SPACe authorized Starlink (SpaceX) to operate satellite broadband services, enabling coverage in remote areas.
2. Under which Act is the National Population Register (NPR) governed?
A. Census Act, 1948
B. Population Regulation Act, 2003
C. Citizenship Act, 1955
D. National Identity Act, 2010
E. Immigration and Refugee Act, 2002
Answer: C. Citizenship Act, 1955
Explanation: NPR was introduced under the Citizenship Act, 1955 and governed by the Citizenship Rules, 2003.
3. Which clause in the Petroleum & Natural Gas Rules, 2025 protects licensees from future policy changes?
A. Compensation Clause
B. Dispute Resolution Clause
C. Tax Benefit Clause
D. Stabilisation Clause
E. Recovery Clause
Answer: D. Stabilisation Clause
Explanation: This clause ensures financial protection for license holders against future increases in taxes or royalties.
4. What is the key role of Credit Rating Agencies (CRAs) as per SEBI?
A. Conduct IPOs
B. Audit company balance sheets
C. Assess and rate creditworthiness of borrowers
D. Collect taxes from debt issuers
E. Mediate stock disputes
Answer: C. Assess and rate creditworthiness of borrowers
Explanation: CRAs evaluate the repayment ability of entities and rate their debt instruments.
5. What are Catastrophe Bonds (Cat Bonds) used for?
A. Funding long-term infrastructure projects
B. Securitizing telecom sector investments
C. Transferring disaster-related risks to capital market investors
D. Managing retail loan NPAs
E. Promoting agricultural exports
Answer: C. Transferring disaster-related risks to capital market investors
Explanation: Cat Bonds help governments or insurers transfer risk from natural disasters like cyclones to investors.
6. What is novation in the context of OTC derivative contracts?
A. Issuing a new contract between the same parties
B. Transferring a contract to a new party with unchanged terms
C. Adding extra clauses to a loan
D. Defaulting on a derivative contract
E. Revoking regulatory oversight
Answer: B. Transferring a contract to a new party with unchanged terms
Explanation: Novation legally replaces an existing party in a contract with another, keeping the rest of the terms intact.
7. What does the RBI’s ‘Whitelist’ of digital lending apps aim to do?
A. Ban foreign apps
B. Promote private lending
C. Ensure consumer protection by listing authorised apps
D. Remove KYC from lending
E. Provide loans to only MSMEs
Answer: C. Ensure consumer protection by listing authorised apps
Explanation: The whitelist helps consumers identify regulated apps and avoid fraudulent loan services.
8. What major experiment did Indian astronaut Shubhanshu Shukla conduct aboard the ISS?
A. Space-based asteroid mining
B. Germination of Indian crop seeds in space
C. Testing anti-gravity suits
D. Carbon dioxide detox system
E. Robotic farming
Answer: B. Germination of Indian crop seeds in space
Explanation: He studied how green gram and fenugreek seeds behave in microgravity to support future space farming.
9. What was the main objective of National Fish Farmers Day 2025?
A. Promote export of inland fish
B. Celebrate marine biodiversity
C. Recognize fish farmers and promote sustainable aquaculture
D. Launch fish-based processed food schemes
E. Educate citizens about sea pollution
Answer: C. Recognize fish farmers and promote sustainable aquaculture
Explanation: The event highlighted contributions of fish farmers and launched key schemes like hatchery guidelines and PMMSY projects.
10. What does India’s Gini Index of 25.5 (2022–23) represent?
A. India’s literacy rate
B. Overall economic growth
C. Consumption inequality
D. Industrial output index
E. Wealth inequality
Answer: C. Consumption inequality
Explanation: The Gini Index of 25.5 reflects low consumption inequality, though it underestimates true inequality compared to income or wealth metrics.
