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Daily Current Affairs
10 & 11 August, 2025
1. The PM E-Drive Subsidy Scheme has been extended until which fiscal year?
a) 2025-26
b) 2026-27
c) 2027-28
d) 2028-29
e) 2029-30
Answer: c) 2027-28
Explanation: The scheme was extended by two years, now running until FY 2027-28, with subsidies for electric two- and three-wheelers ending by March 31, 2026.
2. Where was the Khelo India ASMITA Football League 2025-26 inaugurated?
a) Pune, Maharashtra
b) Jalgaon, Maharashtra
c) Indore, Madhya Pradesh
d) Ranchi, Jharkhand
e) Guwahati, Assam
Answer: b) Jalgaon, Maharashtra
Explanation: The inaugural edition of the Khelo India ASMITA Football League was launched in Jalgaon to boost women’s participation in sports, especially from underrepresented communities.
3. The U.S. communication satellite Block-2 BlueBird will be launched using which ISRO rocket?
a) PSLV-C58
b) GSLV Mk-III-M3
c) LVM-3-M5
d) GSLV-F14
e) PSLV-XL
Answer: c) LVM-3-M5
Explanation: The Block-2 BlueBird satellite, weighing 6,500 kg, will be launched by ISRO’s heaviest rocket, the LVM-3-M5, from Sriharikota.
4. What is the new Minimum Average Balance (MAB) for urban ICICI Bank branches effective August 1, 2025?
a) ₹10,000
b) ₹25,000
c) ₹50,000
d) ₹1,00,000
e) ₹5,000
Answer: c) ₹50,000
Explanation: ICICI Bank increased the MAB for urban branches from ₹10,000 to ₹50,000 for new savings accounts opened on or after August 1, 2025.
5. Forward Rate Agreements (FRAs) are primarily used to:
a) Invest in equity markets
b) Fix interest rates in advance
c) Buy physical bonds in the future
d) Hedge currency fluctuations
e) Increase loan tenures
Answer: b) Fix interest rates in advance
Explanation: FRAs are financial contracts to lock in interest rates for a future period on a notional amount, helping institutions hedge against interest rate volatility.
6. According to RBI’s draft guidelines, claims on deceased customers’ accounts must be settled within:
a) 7 days
b) 10 days
c) 15 days
d) 20 days
e) 30 days
Answer: c) 15 days
Explanation: RBI proposed a standardised process requiring banks to settle such claims within 15 calendar days after receiving all necessary documents.
7. Under the new NSE & BSE SOP, complete merger/demerger applications will be processed within how many working days?
a) 3 days
b) 5 days
c) 7 days
d) 15 days
e) 30 days
Answer: c) 7 days
Explanation: The new Standard Operating Procedure allows stock exchanges to process complete applications within 7 working days, down from the earlier 3–5 months.
8. SEBI’s proposed new AIF category will be meant exclusively for:
a) Retail investors
b) Accredited investors
c) Foreign portfolio investors
d) Government entities
e) Mutual fund companies
Answer: b) Accredited investors
Explanation: The new AIF category is aimed at accredited investors and will have a lighter regulatory framework compared to regular AIFs.
9. Approximately what percentage of global food production relies on soil?
a) 90%
b) 95%
c) 97%
d) 99.7%
e) 100%
Answer: d) 99.7%
Explanation: Nearly all global food production (99.7%) depends on soil, making its health crucial for sustainable agriculture and food security.
10. Which of the following is NOT a recommended practice for restoring soil health?
a) Crop rotation
b) Biofertilizers
c) Overuse of chemical fertilizers
d) Organic farming
e) Use of indigenous seeds
Answer: c) Overuse of chemical fertilizers
Explanation: Overuse of chemical fertilizers depletes soil quality, whereas practices like crop rotation, organic farming, biofertilizers, and indigenous seeds help restore soil health.
