Daily Current Affairs Quiz30 November, 2025 National Affairs 1. CSIR-NAL Launches Production Version of Hansa-3 Trainer Aircraft Source: TH Context: The CSIR-National Aerospace Laboratories (NAL), Bengaluru has unveiled the production version of the Hansa-3(NG) trainer aircraft, a fully indigenous two-seater designed to meet India’s growing demand for pilot training. This initiative strengthens India’s self-reliance in aerospace technology and reduces dependence on foreign trainer aircraft. Hansa-3(NG) Related Developments – SARAS Mk-2 2. Brown Butterflies Cause Flutter in Kolkata, Experts Cite Rains Context: Kolkata has recently witnessed an unusual surge in brown butterflies, sparking curiosity and mild concern among residents. Experts confirm that this rise is a seasonal, climate-driven natural phenomenon, primarily influenced by prolonged monsoon rains and favourable ecological conditions. The species responsible for this sudden appearance is the Common Evening Brown (Melanitis leda). Common Evening Brown (Melanitis leda) 3. Dynamic Ground Water Resources of India, 2025 Report Source: TOI Context: The Dynamic Ground Water Resources of India, 2025 report released by the Central Ground Water Board (CGWB) shows a slight improvement in India’s groundwater recharge. However, 25% of assessed units remain stressed, indicating persistent over-extraction and regional vulnerabilities. Key Findings of the 2025 Report Marginal Increase in Annual Recharge Assessment Coverage Stress Categories (2025) Regions Showing Decline in Recharge Significant drop in groundwater recharge recorded in: Hotspots of Over-Exploitation States/UTs with highest concentration of over-exploited and critical units: Causes States Showing Improvement in 2025 Significant increase in groundwater recharge seen in: Why Did Recharge Improve? Agriculture 1. Scientists Raise Concerns Over ITPGRFA “Compromise Proposal” Source: TH Context: A coalition of scientists, Scientists for Genetic Diversity, has voiced strong opposition to a “compromise proposal” discussed during the 11th session (GB11) of the International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA) in Lima, Peru. The proposal aims to enhance the Multilateral System (MLS), which governs global sharing of plant genetic resources. Key Highlights: Multilateral System (MLS) Scientists’ Concerns Facts To Remember 1. Crisil raises GDP growth forecast to 7% in FY26 Crisil has raised its forecast for the country’s GDP growth to 7% from 6.5% for the current financial year, following the first-half growth of 8% that exceeded expectations. 2. Arunachal Pradesh’s Traditional ‘Dao’ Blade and Yak Churpi Receive GI Tag Arunachal Pradesh secured two new Geographical Indication (GI) tags in November 2025 for its traditional blade ‘Dao’ and the high-altitude dairy product Yak Churpi. The recognition by the GI Registry (DPIIT, Ministry of Commerce & Industry) highlights the rich craftsmanship, indigenous food heritage and cultural identity of tribal communities in the state.

Daily Current Affairs Quiz28 & 29 November, 2025 International Affairs 1. G20 Johannesburg Summit 2025 Context: About G20 – Establishment and Evolution Origin and Purpose: Presidency: G20 Johannesburg 2025 Geopolitical Tensions National Affairs 1. IMF Assigns Second-Lowest ‘C’ Rating to India’s National Accounts Statistics (NAS) and Inflation Data Source: BS Context The International Monetary Fund (IMF) currently rates India’s national accounts data at ‘C’, the second-lowest grade in its four-tier Data Adequacy Assessment (DAA) scale. The IMF assesses the adequacy of official statistics for surveillance of a country’s economy. A ‘C’ rating indicates that data shortcomings somewhat hamper economic surveillance. Following India’s announcement of a new GDP and CPI series, the IMF is expected to upgrade its rating in early 2026. Key Highlights: National Accounts Statistics (NAS): Received a ‘C’ grade. Consumer Price Index (CPI): Graded ‘B’, meaning it is broadly adequate but with some shortcomings. Current Status and IMF Assessment Reasons for ‘C’ Grade – IMF Observations India’s National Accounts Statistics (NAS) Publisher: Ministry of Statistics and Programme Implementation (MoSPI) Purpose: Methodology: Key Indicators Published: Upcoming Revisions in India’s Data Other Improvements Highlighted by Indian Officials IMF Recommendations for Further Improvements 2. Samudrayaan Mission Context: India’s first manned deep-sea mission, Samudrayaan, has hit a timeline setback due to delays in receiving syntactic foam cladding from France. The foam is essential for providing buoyancy to the submersible MATSYA 6000, which is designed to dive 6,000 metres into the ocean. The mission is led by the National Institute of Ocean Technology (NIOT), Chennai under the Ministry of Earth Sciences. What is Samudrayaan? 3. Tex-RAMPS Scheme Source: TOI Context: Implementing Ministry: Financial Outlay: Key Components Key Features 4. India’s Revised Earthquake Design Code – 2025 Source: TOI Context: Publishing Authority: Key Features of the Revised Seismic Zonation Map 5. S-500 Prometey Air Defence System Context: PM of India and President of Russia to meet during the India–Russia Summit. Defence ministers expected to discuss India’s potential acquisition of Russia’s next-generation S-500 air defence system. S-500 Prometey Air Defence System Purpose: Key Features Banking/Finance 1. RBI Issues 244 Consolidated Master Directions to Simplify Compliance Source: ET Context: The Reserve Bank of India (RBI) has issued 244 Consolidated Master Directions (MDs) to streamline and rationalise decades of regulatory instructions for Regulated Entities (REs). This step follows a review of around 3,500 prior directions, circulars, and guidelines and aims to reduce compliance burden. Key Highlights: Customer Consent and Choice Risk Mitigation Requirements Accessibility and Network Independence Monitoring and Surveillance Restrictions on Third-Party Offerings Communication Guidelines Regulated Entities Covered The consolidation covers the following 11 types of entities: Objective 2. IMF Gives ‘C’ Grade to India’s National Accounts Statistics Source: IE Context: The International Monetary Fund (IMF), in its Annual Article IV Review, has assigned a ‘C’ grade to India’s national accounts statistics, including GDP and GVA. This grade is significant as India is set to release the Q2 FY25 national accounts data on Friday. Meaning of ‘C’ Grade Weaknesses Cited by IMF 1. Outdated Base Year (2011–12) 2. Use of Wholesale Price Index (WPI) for Deflators 3. ‘Sizeable Discrepancies’ in GDP Estimates Approaches to GDP Measurement in India 1. Income Approach (Primary method used by India) Measures GDP by adding up incomes earned by: 2. Expenditure Approach (Supplementary estimate) Measures GDP by calculating spending by: Differences frequently arise due to: 3. FinMin and RBI Developing Unified Portal for Unclaimed Financial Assets Source: ET Context: The Ministry of Finance, in collaboration with the Reserve Bank of India (RBI), is developing a single unified digital portal to help individuals locate and claim unclaimed financial assets across multiple asset classes. The announcement was made by M. Nagaraju, Secretary, Department of Financial Services, during a PNB-led investor awareness event under Aapki Poonji Aapka Adhikar. Unclaimed Financial Assets Unclaimed Assets refer to money or financial instruments that legally belong to an individual but remain untouched, unwithdrawn, or unclaimed for a long period.These assets typically become “unclaimed” because the owner: Banks must transfer unclaimed bank deposits (10+ years) to the Depositors Education and Awareness Fund (DEAF) maintained by RBI. Unified Portal for All Unclaimed Assets What Is an Inoperative Account? An Inoperative Account is a bank account that has seen no customer-initiated transaction for a fixed period. 4. IMF Report: Zombie Firms Highlight Inefficient Insolvency Resolution in India Source: BS Context: The International Monetary Fund (IMF), in its recent staff report on the Indian economy, highlighted structural inefficiencies in India’s business environment, low business dynamism, and issues in the insolvency resolution framework under the Insolvency and Bankruptcy Code (IBC) Amendment Bill. The report emphasised the prevalence of zombie firms and gaps in operational creditor rights. Low Business Dynamism Persistence of Zombie Firms Zombie Firms are businesses that continue to operate but are financially weak and unable to generate enough profits to cover their interest payments for a prolonged period. IBC Amendment Bill Gaps Recovery Rates and Pre-admission Delays Recommendations by IMF 5. Bandhan Bank to Sell Unsecured Non-Performing Assets (NPAs) Source: IE Context: Kolkata-headquartered Bandhan Bank has announced plans to sell unsecured retail non-performing assets (NPAs), including written-off accounts, worth ₹6,931.31 crore to Asset Reconstruction Companies (ARCs) and other permitted entities. This marks one of the largest retail NPA sales by a private sector bank in India, primarily from its microfinance portfolio. What is an NPA (Non-Performing Asset)? A Non-Performing Asset (NPA) is a loan or advance where the borrower has stopped making scheduled payments (principal or interest) for a certain period.As per RBI norms: When does a loan become NPA? A loan is classified as NPA after 90 days of overdue in the case of: Categories of NPAs In simple words:If a borrower does not pay for 90 days, the bank stops recognising income from that loan and marks it as NPA. Norms to Sell NPAs (As per RBI Guidelines) Banks can sell NPAs to: Eligibility for Sale 6. RBI Final Guidelines on Digital Banking Channels Source: TH Context: The Reserve Bank of India (RBI) has issued its final instructions