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Daily Current Affairs
25 & 26 December, 2025
1. Under the Financial Services Annex (FSA) of the India–New Zealand FTA, how many bank branches are foreign banks allowed to open in India over four years?
A. 10
B. 12
C. 15
D. 18
E. 20
Answer: C. 15
Explanation: Under the FSA, India has allowed foreign banks to open up to 15 branches over four years, higher than the 12-branch limit under WTO-GATS commitments.
2. Which Indian digital public infrastructure is specifically highlighted for cross-border payment cooperation under the India–New Zealand FTA?
A. BHIM
B. RuPay
C. UPI and NPCI
D. Aadhaar
E. DigiLocker
Answer: C. UPI and NPCI
Explanation: The FSA promotes cooperation in real-time payments by leveraging India’s UPI system and NPCI for interoperable cross-border transactions.
3. Rashtra Prerna Sthal, inaugurated by the Prime Minister, is located in which city?
A. Varanasi
B. Prayagraj
C. Ayodhya
D. Lucknow
E. Kanpur
Answer: D. Lucknow
Explanation: Rashtra Prerna Sthal has been developed on Hardoi Road near the Gomti river in Lucknow.
4. The SWAMIH-2 Fund announced by the Union Government is primarily aimed at:
A. Promoting rental housing
B. Financing luxury real estate projects
C. Completing stalled affordable and mid-income housing
D. Providing subsidies to first-time homebuyers
E. Expanding urban transport infrastructure
Answer: C. Completing stalled affordable and mid-income housing
Explanation: SWAMIH-2 is a â‚ą15,000 crore fund designed to provide last-mile financing to complete stalled housing projects.
5. Bhoramdeo Temple, proposed to be developed on the lines of the Kashi Vishwanath Corridor, is located in which state?
A. Odisha
B. Madhya Pradesh
C. Jharkhand
D. Chhattisgarh
E. Rajasthan
Answer: D. Chhattisgarh
Explanation: The ancient Bhoramdeo Temple is located in Kabirdham district of Chhattisgarh and is known as the “Khajuraho of Chhattisgarh.”
6. The Securities Markets Code, 2025 consolidates how many existing laws?
A. Two
B. Three
C. Four
D. Five
E. Six
Answer: B. Three
Explanation: The Code subsumes the SCRA, SEBI Act, and Depositories Act into a single framework.
7. Under the Securities Markets Code, 2025, the maximum strength of the SEBI Board has been increased to:
A. 9 members
B. 11 members
C. 13 members
D. 15 members
E. 17 members
Answer: D. 15 members
Explanation: SMC 2025 expands SEBI’s board from 9 to 15 members to include greater expertise and governance oversight.
8. Why is the RBI planning to inject around â‚ą3 trillion of durable liquidity into the banking system?
A. To reduce inflation
B. To finance government expenditure
C. To offset liquidity tightening due to forex intervention
D. To support PSU banks
E. To control NPAs
Answer: C. To offset liquidity tightening due to forex intervention
Explanation: RBI’s intervention to support the rupee drained rupee liquidity, necessitating large-scale liquidity infusion.
9. According to RBI guidelines, if EPS contributions were wrongly deposited for an ineligible employee, the amount will be transferred to:
A. Employee’s bank account
B. National Pension System
C. Pension Fund with penalty
D. Provident Fund account with interest
E. Government consolidated fund
Answer: D. Provident Fund account with interest
Explanation: EPFO will move wrongly deposited EPS contributions, along with interest, to the member’s PF account and correct service records.
10. According to an RBI staff study, which asset is found to be the most stable during periods of geopolitical tension?
A. Crude oil
B. Silver
C. Equity markets
D. U.S. Treasury bonds
E. Gold
Answer: E. Gold
Explanation: The RBI study highlights gold as the least sensitive asset to geopolitical shocks, reaffirming its role as a safe-haven asset.
