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Daily Current Affairs
10 June, 2025
1.Why did the RBI introduce the MCLR framework in 2016?
A) To simplify bank accounting
B) To improve monetary policy transmission
C) To lower foreign exchange volatility
D) To boost government bond yields
E) To regulate non‑bank lenders
Answer: B) To improve monetary policy transmission
Explanation: The Marginal Cost of Funds–based Lending Rate (MCLR) replaced base‑rate lending to ensure changes in the policy repo rate passed through more quickly to bank lending rates.
2. Which of these is a key component in the RBI’s MCLR calculation?
A) Capital adequacy ratio
B) Cost of Deposits
C) Inflation rate
D) Forex reserves
E) Fiscal deficit
Answer: B) Cost of Deposits
Explanation: MCLR is primarily built on marginal cost of funds, which includes the cost of deposits, and adjusts for operating costs and tenor premium.
3. What warning did the RBI issue regarding microfinance in June 2025?
A) Surge in loan defaults in agriculture
B) Aggressive cross‑selling of insurance by banks
C) Rising asset‑quality stress in MFIs
D) Unauthorized lending by fintech apps
E) Shortage of rural bank branches
Answer: C) Rising asset‑quality stress in MFIs
Explanation: The RBI flagged concerns over microfinance institutions showing higher NPAs, urging closer supervision of borrower over‑leveraging.
4. Why did the RBI discontinue daily VRR auctions from 11 June 2025?
A) To curtail inflationary lending
B) Because of surplus system liquidity
C) To promote long‑term bonds
D) In response to forex volatility
E) To support state governments
Answer: B) Because of surplus system liquidity
Explanation: With an estimated ₹2.75–3 lakh crore surplus in banking liquidity, the RBI saw no need for daily Variable‑Rate Repo auctions.
5. Which of these is NOT a tenor slab in the RBI’s June 2025 MCLR notification?
A) Overnight
B) One‑month
C) Three‑month
D) One‑year
E) Five‑year
Answer: E) Five‑year
Explanation: RBI’s MCLR slabs cover overnight, one‑month, three‑month, six‑month, and one‑year tenors—not five‑year rates.
6. Which crop’s MSP was raised by 5% for the 2025–26 marketing season?
A) Paddy
B) Sugarcane
C) Cotton
D) Maize
E) Groundnut
Answer: A) Paddy
Explanation: For Kharif 2025, the government hiked the Minimum Support Price for paddy by 5% to support farmer incomes.
7. What is the aim of the newly launched “Soil Health Digital Portal”?
A) Export soil samples overseas
B) Provide real‑time soil testing data
C) Connect farmers to weather forecasts
D) Facilitate bulk fertilizer purchase
E) Auction agricultural machinery
Answer: B) Provide real‑time soil testing data
Explanation: The portal offers farmers instant access to their soil nutrient profiles, enabling precise fertilizer recommendations.
8. Which state declared a “Pulses Bowl” mission to boost dal production?
A) Maharashtra
B) Madhya Pradesh
C) Uttar Pradesh
D) Gujarat
E) Rajasthan
Answer: B) Madhya Pradesh
Explanation: MP launched the “Pulses Bowl” mission, providing subsidized seeds and training to increase pulses acreage and yield.
9. What percentage of India’s wheat procurement in Rabi 2024–25 was diverted for export?
A) 8%
B) 12%
C) 18%
D) 22%
E) 30%
Answer: C) 18%
Explanation: Of the total wheat procured under the MSP scheme, about 18% was earmarked for government‑to‑government and commercial exports.
10. The “Smart Irrigation Programme” launched in June 2025 focuses on:
A) Solar‑powered water pumps
B) Satellite‑guided farm machinery
C) Precision drip and sprinkler systems
D) Rainfed upland cultivation
E) Organic pest control
Answer: C) Precision drip and sprinkler systems
Explanation: Under this programme, smallholder farmers receive subsidies for installing drip and sprinkler irrigation to conserve water.
