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Daily Current Affairs
13 & 14 July, 2025
1. What percentage of Class 9 students were found struggling with basic mathematics in the PARAKH Rashtriya Sarvekshan 2024?
A) 33%
B) 43%
C) 50%
D) 63%
E) 73%
Answer: D) 63%
Explanation: The PARAKH Rashtriya Sarvekshan 2024 reported that 63% of Class 9 students struggle with basic mathematics, revealing deep foundational learning gaps in the Indian school system.
2. Under India’s Carbon Credit Trading Scheme (CCTS), each Carbon Credit Certificate (CCC) equals how many tonnes of COâ‚‚ equivalent reduced?
A) 1 kg
B) 100 kg
C) 1 tonne
D) 10 tonnes
E) 100 tonnes
Answer: C) 1 tonne
Explanation: Each CCC represents 1 tonne of CO₂ equivalent reduced under India’s CCTS, a market-based system for controlling greenhouse gas emissions.
3. Which of the following is NOT a sector included under India’s CCTS compliance mechanism?
A) Cement
B) Aluminium
C) Petrochemicals
D) Automobiles
E) Paper and Pulp
Answer: D) Automobiles
Explanation: The CCTS covers heavy industrial sectors like Aluminium, Cement, Petrochemicals, Paper and Pulp, but not the Automobile sector.
4. What is the primary goal of the SEZ Amendment Bill regarding duty on DTA sales?
A) Remove duties entirely
B) Impose higher duties on finished goods
C) Charge duties on finished goods instead of raw materials
D) Charge duty only on raw materials
E) Ban domestic sales from SEZs
Answer: D) Charge duty only on raw materials
Explanation: The proposed SEZ amendment seeks to make DTA sales more viable by charging duties only on raw materials rather than on finished goods.
5. Which fintech company launched India’s first UPI-enabled physical bank branch?
A) PhonePe
B) Paytm
C) Slice
D) Razorpay
E) BharatPe
Answer: C) Slice
Explanation: Slice launched India’s first UPI-powered physical bank branch in Bengaluru with features like UPI ATMs and UPI-linked credit cards.
6. What is the estimated volume of India’s informal credit market, according to CRISIL (2022)?
A) â‚ą50,000 crore
B) â‚ą90,000 crore
C) â‚ą1.2 lakh crore
D) â‚ą1.4 lakh crore
E) â‚ą2 lakh crore
Answer: D) â‚ą1.4 lakh crore
Explanation: CRISIL estimated India’s informal credit market to be worth ₹1.4 lakh crore, showing high dependency on non-regulated lending sources.
7. In the context of Basel III updates, which Indian rating agency was approved by RBI for assessing IFSC credit exposures?
A) CRISIL
B) ICRA
C) CareEdge Global IFSC Ltd
D) Brickwork Ratings
E) India Ratings
Answer: C) CareEdge Global IFSC Ltd
Explanation: RBI allowed the use of CareEdge Global IFSC Ltd ratings to assess credit risks under Basel III for exposures in International Financial Services Centres.
8. Under RBI’s clarified PSL norms, voluntary gold-backed loans up to what amount are allowed for MSMEs?
A) â‚ą5 lakh
B) â‚ą7.5 lakh
C) â‚ą10 lakh
D) â‚ą12 lakh
E) â‚ą15 lakh
Answer: C) â‚ą10 lakh
Explanation: RBI clarified that MSMEs can avail loans up to â‚ą10 lakh backed by voluntarily pledged gold without violating collateral-free PSL norms.
9. What is the annual DAP fertilizer import volume agreed upon in the India–Saudi Ma’aden deal?
A) 2.1 MMT
B) 2.5 MMT
C) 3.1 MMT
D) 3.5 MMT
E) 4.0 MMT
Answer: C) 3.1 MMT
Explanation: As per the India–Saudi Ma’aden agreement, India will import 3.1 million metric tonnes (MMT) of DAP fertilizer annually starting from FY 2025–26.
10. What is the main cause for banks preferring VRRR over SDF in recent RBI operations?
A) VRRR has lower rates
B) VRRR doesn’t require bidding
C) VRRR offers market-determined returns
D) SDF has high default risk
E) SDF requires collateral
Answer: C) VRRR offers market-determined returns
Explanation: Banks are opting for VRRR (Variable Rate Reverse Repo) because it provides higher, market-based returns, unlike the fixed-rate SDF mechanism.
