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Daily Current Affairs
2 September, 2025
1. The UDISE+ 2024-25 report shows that nearly how many schools in India still lack electricity, affecting digital learning?
a) 10,000
b) 15,000
c) 20,000
d) 25,000+
e) 30,000+
Answer: d) 25,000+
Explanation: The UDISE+ 2024-25 report highlights strong progress in toilets, drinking water, and hand-wash facilities, but over 25,000 schools still lack electricity, restricting digital education.
2. The High-Performance Biomanufacturing Platforms launched by DBT–BIRAC are part of which national policy?
a) Make in India Policy
b) BioE3 Policy
c) Atal Innovation Mission
d) National Biotechnology Strategy 2030
e) Green India Policy
Answer: b) BioE3 Policy
Explanation: DBT and BIRAC launched High-Performance Biomanufacturing Platforms under the BioE3 Policy (Bio-manufacturing to Bio-Economy by 2047) to support biotech innovation, reduce imports, and promote green growth.
3. India’s first indigenously developed semiconductor chip, launched in SEMICON India 2025, is named:
a) Shakti Chip
b) Vikram Chip
c) Sarabhai Chip
d) Aryabhata Chip
e) Bharat Chip
Answer: b) Vikram Chip
Explanation: The Vikram Chip, named after Dr. Vikram Sarabhai, is India’s first homegrown semiconductor chip, manufactured at Micron’s Sanand facility in Gujarat using 28nm technology.
4. The 2025 edition of the India–US Yudh Abhyas exercise is being conducted in which location?
a) Rajasthan, India
b) Himachal Pradesh, India
c) Hawaii, USA
d) Fort Wainwright, Alaska
e) New Delhi, India
Answer: d) Fort Wainwright, Alaska
Explanation: The largest-ever Yudh Abhyas exercise (2025) between India and the US is hosted at Fort Wainwright, Alaska, focusing on counter-terrorism, peacekeeping, and extreme cold warfare training.
5. Deutsche Bank is planning to exit its Indian retail banking business. For such an asset transfer, approval from which authority is mandatory?
a) SEBI
b) Ministry of Finance
c) RBI
d) IRDAI
e) NITI Aayog
Answer: c) RBI
Explanation: As per the Banking Regulation Act, 1949 and FEMA, 1999, RBI approval is required for any sale/transfer of banking assets in India, including retail operations.
6. The â‚ą2000 denomination banknote, withdrawn by RBI in May 2023, was originally introduced in which year?
a) 2012
b) 2014
c) 2016
d) 2017
e) 2019
Answer: c) 2016
Explanation: The â‚ą2000 note was introduced in November 2016 post-demonetisation to quickly meet currency needs. RBI withdrew it in May 2023 under its Clean Note Policy.
7. India’s Current Account Deficit (CAD) in Q1FY26 was reported at:
a) $8.6 billion (0.9% GDP)
b) $2.4 billion (0.2% GDP)
c) $13.5 billion (1.3% GDP)
d) $4.6 billion (0.5% GDP)
e) $1.8 billion (0.1% GDP)
Answer: b) $2.4 billion (0.2% GDP)
Explanation: In Q1FY26, India’s CAD fell sharply to $2.4 billion (0.2% of GDP) from $8.6 billion (0.9% of GDP) in Q1FY25, after a surplus of $13.5 billion in Q4FY25.
8. Under India’s health insurance schemes like PMJAY, what is the annual coverage amount provided per household?
a) â‚ą2 lakh
b) â‚ą3 lakh
c) â‚ą4 lakh
d) â‚ą5 lakh
e) â‚ą10 lakh
Answer: d) â‚ą5 lakh
Explanation: Ayushman Bharat – PMJAY, launched in 2018, provides health cover of ₹5 lakh per household annually, covering nearly 58.8 crore individuals.
9. External Commercial Borrowings (ECBs) are loans raised by Indian corporates from:
a) Domestic banks only
b) RBI directly
c) Foreign lenders in foreign currency
d) Indian government schemes
e) Mutual funds
Answer: c) Foreign lenders in foreign currency
Explanation: ECBs are borrowings by Indian corporates from foreign lenders such as global banks, institutions, and bond markets, denominated in foreign currency, regulated by RBI under FEMA 1999.
10. In Q1FY26, net inflows from External Commercial Borrowings (ECBs) were recorded at:
a) $2.8 billion
b) $3.2 billion
c) $4.6 billion
d) $5.8 billion
e) $6.2 billion
Answer: c) $4.6 billion
Explanation: RBI data shows net inflows via ECBs rose to $4.6 billion in Apr–Jun 2025 (Q1FY26) compared to $2.8 billion in Q1FY25, reflecting higher demand for global capital.
