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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) â‚ą10,000
b) â‚ą25,000
c) â‚ą50,000
d) â‚ą1,00,000
e) â‚ą5,000
Answer: c) â‚ą50,000
Explanation: ICICI Bank increased the MAB for urban branches from â‚ą10,000 to â‚ą50,000 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.
