Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs23 August, 2025 1. The Adi Karmayogi Abhiyan, launched by the Ministry of Tribal Affairs, primarily aims at:a) Providing financial subsidies to tribal farmersb) Building tribal grassroots leadership and responsive governancec) Establishing new tribal universitiesd) Promoting tribal art exportse) Providing free housing to tribal communities 2. Kerala was recently declared as India’s first fully digitally literate state under which initiative?a) BharatNet Projectb) Digi Kerala Projectc) Digital India Missiond) e-Sampark Initiativee) PM e-Governance Abhiyan 3. According to NITI Aayog’s report “Rethinking Homestays”, which of the following measures was recommended to boost the homestay ecosystem?a) Increase property taxes on homestaysb) Provide only asset-based subsidiesc) Single-window digital registration with 30-day approval timelined) Restrict collaboration with online travel aggregatorse) Homestays to be treated as commercial hotels for utilities 4. The RBI’s Flexible Inflation Targeting (FIT) framework currently aims to maintain CPI inflation at:a) 2% ± 1%b) 4% ± 2%c) 6% ± 2%d) 5% ± 3%e) 3% ± 1% 5. Which of the following is true regarding Headline CPI and Core CPI?a) Headline CPI excludes housing pricesb) Core CPI includes food and fuelc) Headline CPI includes all items like food, fuel, housingd) Core CPI is preferred by RBI for Indiae) Core CPI better reflects household concerns 6. At AMFI’s 30th anniversary, SEBI emphasized greater caution in which type of investment?a) Blue-chip equitiesb) Sovereign bondsc) Micro-cap companies (₹500–₹1,000 crore market value)d) Real estate fundse) Gold ETFs 7. L&T Finance partnered with Google Pay to provide which financial product directly on the digital platform?a) Credit cardsb) Agricultural loansc) Instant personal loansd) Insurance policiese) Home loans 8. The Advisory Board for Banking and Financial Frauds (ABBFF) examines fraud cases involving how much and above?a) ₹50 lakhb) ₹1 crorec) ₹2 crored) ₹3 croree) ₹5 crore 9. RBI has proposed expanding capital charge for Counterparty Credit Risk (CCR) to include:a) Only government bondsb) Real estate derivativesc) Equity, precious metals (excl. gold), and other commodity derivativesd) Gold-backed loanse) Agricultural crop futures only 10. The Union Cabinet approved universal distribution of fortified rice under all schemes till:a) March 2026b) December 2028c) March 2030d) December 2025e) March 2028
Daily Current Affairs Quiz: 22 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs22 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% 2. Which of the following is NOT a principle of the Outer Space Treaty (1967)?a) Outer space is common heritage of mankindb) Nations can claim sovereignty over celestial bodiesc) Outer space must be used for peaceful purposesd) States are responsible for activities of both government and private operatorse) Nations bear liability for damages caused by their space objects 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 Awardb) Young Scientist Awardc) GYM Reporter Awardd) Earth Innovator Awarde) International Research Award 4. The Draft Climate Finance Taxonomy released by India’s Ministry of Finance in 2025 aims primarily to:a) Increase agricultural subsidiesb) Mobilize climate finance and prevent greenwashingc) Regulate private space companiesd) Promote fossil fuel investmentse) Control inflation rates 5. SEBI’s proposal to regulate pre-listing trading of shares aims to replace which unregulated market?a) Black Marketb) Grey Marketc) Bullion Marketd) Futures Markete) Commodity Market 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% 7. The SBI Dynamic Asset Allocation Active Fund of Funds (FoF) invests primarily in:a) Direct equity shares onlyb) Only government bondsc) Multiple mutual funds across asset classesd) Foreign currency reservese) Insurance-linked securities 8. SEBI’s move to promote long-tenure derivatives is aimed at reducing the dominance of which type of contracts?a) Quarterly derivativesb) Yearly derivativesc) Weekly optionsd) Currency futurese) Commodity swaps 9. AU Small Finance Bank recently launched UPI services for which type of account holders?a) Jan Dhan Account holdersb) NRE/NRO Account holdersc) Current Account holders onlyd) Cooperative bank memberse) RBI staff accounts 10. IndiGo and IDFC FIRST Bank’s co-branded credit card is unique because:a) It is the first card with free lifetime membershipb) It operates on both Mastercard and RuPay networksc) It is available only for corporate employeesd) It is backed by government subsidiese) It can be used only for flight bookings
Daily Current Affairs Quiz: 21 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs21 August, 2025 1. What is the main objective of the Promotion and Regulation of Online Gaming Bill, 2025?a) To ban e-sports in Indiab) To regulate physical casinosc) To curb online money gaming and promote responsible gamingd) To allow foreign gaming companies free entry into Indiae) To increase government revenue from gambling 2. Which of the following penalties is correct under the Online Gaming Bill, 2025 for repeat offenders?a) 1 year imprisonment & ₹50 lakh fineb) 3 years imprisonment & ₹1 crore finec) 5 years imprisonment & ₹2 crore fined) Life imprisonment & ₹5 crore finee) No punishment mentioned 3. The Agni-5 missile recently test-fired by India has what maximum range?a) 1,500 kmb) 3,000 kmc) 5,000 kmd) 7,000 kme) 10,000 km 4. The 130ᵗʰ Constitution Amendment Bill, 2025 proposes:a) Increase in the number of Rajya Sabha seatsb) Automatic removal of Ministers if arrested for 30+ days on serious chargesc) Abolition of Article 370d) Appointment of Governors by Parliamente) Limiting PM’s tenure to 2 terms 5. The International Solar Alliance (ISA) was founded jointly by which two countries?a) India and USAb) India and UKc) India and Franced) India and Germanye) India and Japan 6. According to RBI MPC August 2025, India’s inflation is expected to rise close to which level in early 2026?a) 3%b) 3.5%c) 4%d) 4.9%e) 6% 7. The Centre proposed GST exemption on which category of policies in 2025?a) Motor Insurance Policiesb) Agricultural Insurance Policiesc) Corporate Group Health Insuranced) Individual Life and Health Insurance Policiese) Travel Insurance 8. India Exim Bank recently signed a $40 million credit line deal with which African institution?a) African Development Bank (AfDB)b) ECOWAS Bank for Investment and Development (EBID)c) African Union Bankd) Pan-African Finance Corporatione) African Export Bank 9. India Exim Bank was established in which year?a) 1947b) 1956c) 1972d) 1982e) 1991 10. Bayer’s newly launched insecticide “Camalus” is mainly targeted at which type of crops?a) Pulsesb) Oilseedsc) Vegetablesd) Cerealse) Plantation crops
Daily Current Affairs Quiz: 20 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs20 August, 2025 1. Which Article of the Indian Constitution deals with the Governor’s powers to grant assent, withhold, or reserve a Bill for the President?A) Article 201B) Article 142C) Article 200D) Article 356E) Article 82A 2. The Saltwater Crocodile (Crocodylus porosus), the largest living crocodilian, is found in which of the following Indian regions?A) Gir National ParkB) Sundarbans, Bhitarkanika & Andaman-Nicobar IslandsC) Kaziranga National ParkD) Jim Corbett National ParkE) Rann of Kutch 3. Which proposed Constitutional Amendment introduces the idea of “One Nation, One Election” by inserting Article 82A?A) 124th Amendment Bill, 2023B) 126th Amendment Bill, 2024C) 129th Amendment Bill, 2024D) 131st Amendment Bill, 2025E) 133rd Amendment Bill, 2025 4. The Union Government’s draft “Promotion and Regulation of Online Gaming Bill, 2025” primarily aims to:A) Regulate all gaming apps through licensingB) Promote fantasy sports as legal games of skillC) Completely ban real-money online gaming platformsD) Tax online gaming companies at higher ratesE) Establish a National Online Gaming Authority 5. According to RBI, India’s foreign liabilities in Mutual Funds grew to ₹2.6 lakh crore in FY25. Which country is the largest investor?A) USAB) UAEC) UKD) AustraliaE) Canada 6. The Urban Challenge Fund (UCF), announced in Union Budget 2025–26, has a total corpus of:A) ₹50,000 croreB) ₹75,000 croreC) ₹1 lakh croreD) ₹1.25 lakh croreE) ₹1.5 lakh crore 7. The Nifty Bank Index is weighted on the basis of:A) Equal Weightage of all banksB) Market Capitalization (Total)C) Free-Float Market CapitalizationD) Net Profit of BanksE) Loan Disbursal Size 8. Which of the following investment vehicles must distribute at least 90% of their net distributable cash flows to investors?A) Hedge FundsB) Exchange Traded Funds (ETFs)C) InvITs & REITsD) Sovereign Gold BondsE) Venture Capital Funds 9. Punjab National Bank (PNB) became the first PSU bank to migrate to which RBI-approved domain?A) .co.inB) .bank.inC) .gov.inD) .fin.inE) .psu.in 10. Urea, India’s most used fertilizer, contains what percentage of nitrogen by weight?A) 23%B) 33%C) 36%D) 46%E) 56%
Daily Current Affairs Quiz: 19 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs19 August, 2025 1. According to the FAO’s State of Food Security and Nutrition in the World 2025 Report, what is the current global prevalence of undernourishment?a) 10.4%b) 9.4%c) 8.2%d) 7.5%e) 6.8% 2. The Chief Election Commissioner (CEC) of India can be removed from office:a) By the President at willb) On advice of Prime Ministerc) Only through impeachment by Parliament on proved misbehaviour/incapacityd) By Supreme Court judgmente) By recommendation of Election Commission as a whole 3. India has set a target to land its first astronaut on the Moon by which year?a) 2030b) 2035c) 2040d) 2047e) 2050 4. Which country is widely regarded as a global model for ethanol blending due to its long-term adoption of flex-fuel vehicles and high blending levels?a) USAb) Brazilc) Germanyd) Japane) China 5. SEBI’s proposed changes in Minimum Public Shareholding (MPS) norms suggest that companies with market cap between ₹50,000 crore and ₹1 lakh crore must achieve 25% public shareholding within:a) 3 yearsb) 5 yearsc) 7 yearsd) 10 yearse) 12 years 6. As per SEBI’s consultation paper, a sectoral or thematic index must have a minimum of how many constituent stocks?a) 10b) 12c) 14d) 15e) 20 7. Under RBI’s loan classification system, a loan overdue for 31–60 days is categorized as:a) SMA-0b) SMA-1c) SMA-2d) NPAe) Standard Asset 8. Tata AIA’s Momentum 50 Index Fund primarily invests in:a) 50 largest companies by market capb) 50 government securitiesc) 50 stocks with recent strong performance trendsd) 50 PSU companiese) 50 foreign-listed companies 9. The IRDAI’s move towards a Risk-Based Capital (RBC) framework aims to:a) Fix uniform capital for all insurersb) Align with international solvency standards by linking capital to risk exposurec) Reduce solvency margins for insurersd) Abolish solvency norms altogethere) Increase only market risk coverage 10. The Agri Startup 2.0 event, promoting sustainable farming and agripreneurship, was organized by which institute?a) ICARb) IARIc) SRM Institute of Science and Technology (SRMIST)d) TNAUe) NABARD
Daily Current Affairs Quiz: 17 & 18 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs17 & 18 August, 2025 1. Recently discovered palm species Phoenix roxburghii has been named after which personality?a) Joseph Hookerb) William Roxburghc) Birbal Sahnid) J.C. Bosee) Janaki Ammal 2. Which family does the newly identified palm Phoenix roxburghii belong to?a) Fabaceaeb) Arecaceaec) Moraceaed) Poaceaee) Rutaceae 3. The Sakura Science Programme 2025, involving 34 Indian students, is implemented by which agency?a) Japan International Cooperation Agency (JICA)b) Japan Science and Technology Agency (JST)c) Asian Development Bank (ADB)d) Ministry of Education, Japane) UNESCO 4. S&P Global recently upgraded India’s sovereign credit rating from BBB- to BBB after how many years?a) 10 yearsb) 12 yearsc) 15 yearsd) 18 yearse) 20 years 5. What does a sovereign credit rating indicate?a) Country’s GDP growth rateb) Country’s inflation ratec) Country’s ability to repay debtd) Country’s forex reservese) Country’s banking strength 6. Which of the following banks did NOT sign MoU with NSIC under the MSME Credit Facilitation Program in August 2025?a) Axis Bankb) IndusInd Bankc) Dhanlaxmi Bankd) Karnataka Banke) State Bank of India 7. RBI’s Floating Rate Savings Bond (FRSB) was launched in which year?a) 2016b) 2018c) 2020d) 2022e) 2025 8. The current interest rate of RBI’s Floating Rate Savings Bond (as of July 2025) is?a) 7.35%b) 7.50%c) 7.70%d) 8.05%e) 8.25% 9. B2B Fintechs are entering the retail market mainly through which route?a) Microfinance Institutionsb) Insurance Aggregatorsc) Third-Party UPI Applications (TPAPs)d) Bank-led mobile appse) Government e-Marketplace 10. What is the minimum investment required in RBI’s Floating Rate Savings Bonds (FRSB)?a) ₹500b) ₹1,000c) ₹5,000d) ₹10,000e) ₹50,000
Daily Current Affairs Quiz: 15 & 16 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs15 & 16 August, 2025 1. The recently launched Mission Sudarshan Chakra is primarily aimed at:A) Enhancing agricultural productivityB) Multi-layered protection of India’s strategic, civilian, and religious sitesC) Promoting exports of defence equipmentD) Establishing new cyber parksE) Expanding India’s space exploration program 2. The National Deep Water Exploration Mission is associated with which of the following?A) Defence technologyB) Space explorationC) Offshore oil and gas discoveryD) River interlinking projectsE) Cyber defence initiatives 3. Under the Next-Generation GST Reform (2025), the proposed structure will have how many main slabs (excluding special rates)?A) OneB) TwoC) ThreeD) FourE) Five 4. Which of the following entities requires RBI authorisation under the PSS Act, 2007?A) Third-Party Payment Aggregator (TPA)B) Payment Aggregator (PA)C) Fintech API providersD) Merchants using UPIE) NBFCs 5. In insurance, Participating (Par) Products are also known as:A) Market-linked policiesB) Non-profit policiesC) With-profit policiesD) Zero-risk policiesE) Guaranteed-return policies 6. Which of the following UPI features will be discontinued from October 1, 2025 due to fraud concerns?A) QR-based paymentsB) Peer-to-Peer transfersC) Collect Request (P2P Collect)D) AutoPay subscriptionsE) Merchant UPI transactions 7. The Credit-to-Deposit Ratio in Indian banks indicates:A) Percentage of deposits invested in government securitiesB) Proportion of deposits lent out as creditC) Share of deposits kept as reserves with RBID) Bank profitability ratioE) Ratio of NPA to total advances 8. The Reserve Bank of India has announced a shift from batch-based cheque clearing to which new system?A) Weekly settlementB) Continuous clearingC) Blockchain-based clearingD) Manual verification systemE) Monthly consolidation system 9. Which of the following is NOT a feature of SBI Life’s “Smart Shield Plus”?A) Level cover optionB) Increasing cover by 5% annuallyC) Coverage up to 100 yearsD) Guaranteed maturity bonusE) Future-proofing cover at life stages 10. The newly launched ‘PSB Naari Shakti’ Savings Account by Punjab & Sind Bank primarily focuses on:A) Senior citizens’ welfareB) Farmers’ credit needsC) Women’s financial and health empowermentD) Corporate bankingE) Start-up funding
Daily Current Affairs Quiz: 14 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs14 August, 2025 1. Which ministry launched the AI-powered tool ‘SabhaSaar’ to generate structured Minutes of Meetings (MoM) from Gram Sabha recordings?a) Ministry of Home Affairsb) Ministry of Electronics and ITc) Ministry of Panchayati Rajd) Ministry of Rural Developmente) NITI Aayog 2. The Government of India’s ₹2,250 crore Export Promotion Mission has two main components. Which of the following is NOT one of them?a) NIRYAT PROTSAHANb) NIRYAT DISHAc) NIRYAT SAHAYATAd) Overseas Warehousing Supporte) Global Branding 3. India’s first private Earth Observation (EO) satellite constellation under the PPP model will be led by:a) ISROb) Piersight Spacec) Dhruva Spaced) PixxelSpace Indiae) Antrix Corporation 4. Which of the following is NOT a provision under the National Sports Governance Bill, 2025?a) Creation of a National Sports Tribunalb) Recognition of National Olympic Committee as sole Olympic bodyc) Oversight of elections by government-appointed officersd) Central Government powers to exempt bodies from rulese) Appeals against doping violations handled by Supreme Court 5. The FREE-AI framework released by RBI aims to:a) Replace human decision-making completely with AIb) Guide safe and ethical adoption of AI in financec) Ban AI in customer service to protect jobsd) Allow foreign AI companies to regulate Indian bankse) Use AI only for stock market predictions 6. According to RBI’s revised co-lending guidelines, the minimum loan retention requirement for regulated entities has been reduced to:a) 5%b) 10%c) 15%d) 20%e) 25% 7. Under RBI rules, an Indian company can invest abroad via Overseas Direct Investments (ODIs) up to how much of its net worth?a) 1 timeb) 2 timesc) 3 timesd) 4 timese) 5 times 8. SEBI’s proposed definition of Algorithmic Trading refers to:a) Trades executed manually by brokersb) Orders placed using automated execution logicc) Buying and selling government bonds directlyd) Any trading done on mobile appse) Investments made by foreign investors only 9. State Bank of India (SBI) launched a special personal loan scheme for Agniveers under the Agnipath programme. What is the maximum loan amount offered?a) ₹1 lakhb) ₹2 lakhc) ₹3 lakhd) ₹4 lakhe) ₹5 lakh 10. NABARD and APGB partnered with Aqua Exchange to introduce IoT-enabled loans for which sector?a) Rice farmingb) Shrimp farmingc) Dairy farmingd) Poultry farminge) Sugarcane farming
Daily Current Affairs Quiz: 13 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs13 August, 2025 1. The Union Cabinet approved four new semiconductor projects under the India Semiconductor Mission (ISM) with an investment of ₹4,600 crore. Which of the following is India’s first commercial Silicon Carbide (SiC) fab?A) 3D Glass Solutions Inc. – OdishaB) Continental Device India Pvt. Ltd. – PunjabC) SiCSem Pvt. Ltd. – OdishaD) ASIP Technologies – Andhra PradeshE) Vedanta-Foxconn – Gujarat 2. The Mines and Minerals (Development & Regulation) Amendment Bill, 2025 has renamed the National Mineral Exploration Trust (NMET) to which of the following?A) National Mineral Development Trust (NMDT)B) National Mineral Exploration and Development Trust (NMEDT)C) National Mining and Development Authority (NMDA)D) Indian Mineral Exploration Mission (IMEM)E) Mineral Resources Development Trust (MRDT) 3. Which bill has replaced the colonial-era Indian Ports Act, 1908 to modernize port governance and promote eco-friendly operations?A) Indian Maritime Bill, 2025B) Indian Ports Bill, 2025C) Coastal Trade and Ports Act, 2025D) National Shipping Bill, 2025E) Indian Seaports Bill, 2025 4. SHRESTH, recently launched by CDSCO & MoHFW, is related to which sector?A) Renewable Energy BenchmarkingB) State Police Performance RankingC) State Health Regulatory Excellence IndexD) School Education Reform IndexE) National Highway Safety Evaluation 5. The RBI granted in-principle approval to Paytm Payments Services Ltd. (PPSL) to operate as which of the following?A) Payment BankB) Payment GatewayC) Online Payment AggregatorD) Digital Lending PlatformE) NBFC 6. Which amendment bill introduces reforms such as group insolvency, cross-border insolvency, and pre-packaged insolvency for large corporates?A) Companies Amendment Bill, 2025B) Banking Regulation Amendment Bill, 2025C) IBC Amendment Bill, 2025D) Financial Sector Reform Bill, 2025E) Corporate Governance Bill, 2025 7. NPCI announced it will discontinue UPI Pull (Collect) transactions from which date due to rising fraud cases?A) June 30, 2025B) July 31, 2025C) August 31, 2025D) October 31, 2025E) December 31, 2025 8. The new Income Tax Bill, 2025 has replaced which decades-old legislation?A) Income Tax Act, 1956B) Income Tax Act, 1961C) Direct Tax Code, 1963D) Indian Taxation Act, 1971E) Income & Corporate Tax Act, 1960 9. Recently, RBI allowed foreign investors to invest surplus balances in Vostro accounts into which of the following?A) Corporate BondsB) Central Government SecuritiesC) Indian Equity MarketsD) Mutual FundsE) Infrastructure Bonds 10. In July 2025, India’s retail inflation (CPI) fell to 1.55%, the lowest in 8 years. Which of the following is included in the CPI basket?A) Only food itemsB) Only fuel and lightC) Only wholesale goodsD) Food, housing, transport, fuel, clothing, miscellaneous servicesE) Only housing and education
Daily Current Affairs Quiz: 12 August 2025
Got Questions? We’ve Got Answers!📚 Whether it’s about exams, career advice, or daily doubts, don’t hesitate—ask away!💡 Daily Current Affairs for UPSC Quiz | Daily Quiz for UPSC💡 Your Learning Partner Is Just a Click Away!👉 Click here to Ask Your Question Now and get clear, reliable answers from experts. Daily Current Affairs12 August, 2025 1. The Revised Income Tax Bill, 2025 replaces which Act that has been in force for over six decades?A) Income Tax Regulation Act, 1965B) Income Tax Act, 1961C) Direct Tax Act, 1970D) Fiscal Responsibility Act, 1960E) Taxation of Income Act, 1964 2. Under the Revised Income Tax Bill, 2025, which provision has been removed to simplify property taxation?A) Tax on rental incomeB) Wealth tax on immovable propertyC) Notional rent on vacant propertyD) Stamp duty chargesE) Capital gains tax on property sale 3. In 2025, rural tap water coverage under Jal Jeevan Mission reached:A) 70%B) 75%C) 78%D) 81%E) 85% 4. Which tax applies specifically to companies to ensure they pay a minimum tax based on book profits?A) AMTB) MATC) GSTD) Dividend TaxE) TDS 5. As per the new rules, LLPs with only capital gains income and no specified deductions are:A) Subject to MATB) Subject to AMTC) Exempt from AMTD) Subject to GSTE) Required to pay double tax 6. In SEBI’s reforms, which term replaces “sponsor or manager” in FPI regulations?A) Fund Controller Entity (FCE)B) Fund Management Entity (FME)C) Capital Market Manager (CMM)D) Portfolio Supervision Unit (PSU)E) Investment Governance Entity (IGE) 7. What is the new proposed minimum investment threshold for Large Value Funds (LVFs) under SEBI’s reforms?A) ₹5 croreB) ₹10 croreC) ₹25 croreD) ₹50 croreE) ₹70 crore 8. Which of the following is NOT a feature of SEBI’s proposed SWAGAT-FI framework?A) Automatic FPI + FVCI registration for eligible investorsB) Extension of registration validity to 10 yearsC) Mandatory separate demat accounts for FPI and FVCI investmentsD) Removal of the 50% contribution cap for NRIs/OCIs/RIs in eligible entitiesE) Single window compliance process 9. NABARD celebrated National Handloom Day 2025 in Assam under which theme?A) Handloom for Women EmpowermentB) Handloom for Economic GrowthC) Handloom for Reinvigorating the Rural Economy of AssamD) Handloom for Self-Reliant IndiaE) Handloom for Sustainable Development 10. Which institution collaborated with NABARD to prepare a Handloom Roadmap for Assam?A) IIT GuwahatiB) IIT RoorkeeC) NIFT ShillongD) Assam Agricultural UniversityE) Ministry of Textiles