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Daily Current Affairs
22 August, 2025
1. According to the FICCI–EY joint report, what share of the global green hydrogen market can India potentially capture?
a) 5%
b) 7%
c) 10%
d) 12%
e) 15%
Answer: c) 10%
Explanation: The FICCI–EY report highlights that India could capture 10% of the global green hydrogen market by overcoming challenges like high costs, infrastructure gaps, and fossil fuel subsidies.
2. Which of the following is NOT a principle of the Outer Space Treaty (1967)?
a) Outer space is common heritage of mankind
b) Nations can claim sovereignty over celestial bodies
c) Outer space must be used for peaceful purposes
d) States are responsible for activities of both government and private operators
e) Nations bear liability for damages caused by their space objects
Answer: b) Nations can claim sovereignty over celestial bodies
Explanation: The Outer Space Treaty prohibits sovereign claims on celestial bodies. Outer space is considered the common heritage of humanity, ensuring peaceful use and shared responsibility.
3. Rayansh Gupta, who won a Gold and Silver medal at the 18th International Earth Science Olympiad (IESO) 2025, also received which special award?
a) Global Talent Award
b) Young Scientist Award
c) GYM Reporter Award
d) Earth Innovator Award
e) International Research Award
Answer: c) GYM Reporter Award
Explanation: At IESO 2025 held in Jining, China, Rayansh Gupta won 1 Gold, 1 Silver, and the Special GYM Reporter Award.
4. The Draft Climate Finance Taxonomy released by India’s Ministry of Finance in 2025 aims primarily to:
a) Increase agricultural subsidies
b) Mobilize climate finance and prevent greenwashing
c) Regulate private space companies
d) Promote fossil fuel investments
e) Control inflation rates
Answer: b) Mobilize climate finance and prevent greenwashing
Explanation: The taxonomy provides a classification framework for climate-aligned sectors and ensures investor confidence by distinguishing genuine green projects from greenwashing.
5. SEBI’s proposal to regulate pre-listing trading of shares aims to replace which unregulated market?
a) Black Market
b) Grey Market
c) Bullion Market
d) Futures Market
e) Commodity Market
Answer: b) Grey Market
Explanation: SEBI aims to regulate the grey market where unlisted shares are traded informally before IPOs. This move ensures fair price discovery, tax compliance, and investor protection.
6. What is the current inflation target under India’s Flexible Inflation Targeting (FIT) framework?
a) 2% ± 1%
b) 3% ± 1%
c) 4% ± 2%
d) 5% ± 2%
e) 6% ± 1%
Answer: c) 4% ± 2%
Explanation: Since 2016, RBI has followed a Flexible Inflation Targeting framework with a target of 4% Consumer Price Index (CPI) inflation, with a tolerance band of ±2% (2%–6%).
7. The SBI Dynamic Asset Allocation Active Fund of Funds (FoF) invests primarily in:
a) Direct equity shares only
b) Only government bonds
c) Multiple mutual funds across asset classes
d) Foreign currency reserves
e) Insurance-linked securities
Answer: c) Multiple mutual funds across asset classes
Explanation: This Fund of Funds (FoF) invests in a portfolio of other mutual funds (equity, debt, gold, etc.), adjusting allocation dynamically based on market conditions.
8. SEBI’s move to promote long-tenure derivatives is aimed at reducing the dominance of which type of contracts?
a) Quarterly derivatives
b) Yearly derivatives
c) Weekly options
d) Currency futures
e) Commodity swaps
Answer: c) Weekly options
Explanation: Nearly 90% of retail traders lose money in weekly options trading. SEBI wants to encourage longer-tenure contracts (monthly/quarterly) to reduce speculation and increase hedging.
9. AU Small Finance Bank recently launched UPI services for which type of account holders?
a) Jan Dhan Account holders
b) NRE/NRO Account holders
c) Current Account holders only
d) Cooperative bank members
e) RBI staff accounts
Answer: b) NRE/NRO Account holders
Explanation: AU Small Finance Bank enabled UPI services for NRIs with NRE and NRO accounts, using international mobile numbers in 12 countries, aligned with NPCI guidelines.
10. IndiGo and IDFC FIRST Bank’s co-branded credit card is unique because:
a) It is the first card with free lifetime membership
b) It operates on both Mastercard and RuPay networks
c) It is available only for corporate employees
d) It is backed by government subsidies
e) It can be used only for flight bookings
Answer: b) It operates on both Mastercard and RuPay networks
Explanation: The IndiGo IDFC FIRST Credit Card issues two variants (Mastercard + RuPay) through one application. It combines global acceptance, UPI integration, and wider access, including FD-backed options for new-to-credit customers.
