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Daily Current Affairs
1 October, 2025
1. The India–European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) came into effect on which date?
A) 10th March 2024
B) 15th August 2025
C) 1st October 2025
D) 1st January 2025
E) 26th January 2026
Answer: C) 1st October 2025
Explanation: The India–EFTA TEPA, India’s first FTA linking trade, investment, and job creation with four developed European nations, officially came into effect on 1st October 2025 after being signed on 10th March 2024 in New Delhi.
2. The Dugong Conservation Reserve in India, recognized globally by IUCN in 2025, is located in which state?
A) Gujarat
B) Tamil Nadu
C) Odisha
D) Andhra Pradesh
E) Kerala
Answer: B) Tamil Nadu
Explanation: Tamil Nadu’s Dugong Conservation Reserve, spread over 448.34 sq. km in Palk Bay, was India’s first such reserve and was recognized by IUCN as a global model for marine biodiversity conservation.
3. What was India’s Female Labour Force Participation Rate (FLFPR) in 2023–24 according to recent data?
A) 23.3%
B) 31.2%
C) 35.7%
D) 41.7%
E) 47.2%
Answer: D) 41.7%
Explanation: India’s FLFPR rose sharply to 41.7% in 2023–24, up from 23.3% in 2017–18, mainly due to increased participation of rural women, though most shifts were toward self-employment and unpaid work.
4. In September 2025, Foreign Portfolio Investors (FPIs) withdrew how much from Indian equities, marking the third straight month of outflows?
A) â‚ą10,000 crore
B) â‚ą15,420 crore
C) â‚ą23,885 crore
D) â‚ą35,000 crore
E) â‚ą42,100 crore
Answer: C) â‚ą23,885 crore
Explanation: FPIs withdrew â‚ą23,885 crore from Indian equities in September 2025, continuing the third consecutive month of outflows, leading to market correction and rupee depreciation.
5. The Asian Development Bank (ADB) revised India’s growth forecast for FY26 from 6.7% to ______ due to the impact of U.S. tariffs.
A) 6.9%
B) 6.3%
C) 6.5%
D) 6.2%
E) 6.0%
Answer: C) 6.5%
Explanation: ADB downgraded India’s FY26 GDP growth projection to 6.5% (from 6.7%) due to 50% U.S. tariffs affecting Indian exports such as textiles, jewellery, and chemicals.
6. As per the RBI’s new scheme (Oct 2025–Sep 2026), banks will receive incentives for:
A) Increasing new account openings
B) Selling government securities
C) Reactivating inoperative accounts and settling unclaimed deposits
D) Opening zero-balance accounts
E) Merging savings and current accounts
Answer: C) Reactivating inoperative accounts and settling unclaimed deposits
Explanation: RBI introduced a one-year incentive scheme where banks get 5–7.5% commission for reactivating inoperative accounts and settling dormant deposits to their rightful claimants.
7. Under the new RBI guidelines, banks can now raise up to what percentage of their Risk-Weighted Assets (RWA) through overseas perpetual debt?
A) 1%
B) 1.25%
C) 1.5%
D) 2%
E) 3%
Answer: C) 1.5%
Explanation: The RBI now allows banks to raise the full 1.5% of RWA as Additional Tier-1 (AT1) capital through overseas perpetual debt, enhancing capital adequacy and funding flexibility.
8. The newly constituted Payments Regulatory Board (PRB) will be chaired by:
A) Finance Minister of India
B) SEBI Chairman
C) RBI Governor Sanjay Malhotra
D) RBI Deputy Governor
E) Economic Affairs Secretary
Answer: C) RBI Governor Sanjay Malhotra
Explanation: RBI Governor Sanjay Malhotra heads the new six-member PRB, replacing the BPSS, to regulate India’s payment systems with both RBI and Government representation.
9. The PhonePe–Mastercard partnership launched which feature in 2025?
A) Credit card EMI system
B) Digital loan disbursal
C) Tap-and-Pay via NFC-enabled smartphones
D) QR-code based offline transfers
E) Virtual card issuance
Answer: C) Tap-and-Pay via NFC-enabled smartphones
Explanation: PhonePe and Mastercard jointly launched a feature enabling Mastercard cardholders to make tap-and-pay in-store payments using NFC-enabled Android smartphones.
10. According to NCRB 2023, which state accounted for the highest share (38.5%) of farmer suicides in India?
A) Karnataka
B) Madhya Pradesh
C) Maharashtra
D) Tamil Nadu
E) Andhra Pradesh
Answer: C) Maharashtra
Explanation: Maharashtra reported the highest share of farmer suicides (38.5%), primarily from Marathwada and Vidarbha regions, highlighting ongoing agrarian distress.
11. The AVPL Tech Park aims to indigenize which of the following sectors?
A) Fertilizer production
B) Agri-drone components
C) Rural solar grids
D) Food processing
E) Agricultural export logistics
Answer: B) Agri-drone components
Explanation: AVPL Ltd launched a Tech Park to localize the manufacturing of agricultural drone components, including AI sensors, navigation systems, and lightweight frames to boost precision farming.
