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Daily Current Affairs
17 December, 2025
1. The recent FSSAI egg safety drive was initiated due to concerns over the presence of which banned substance?
A. Melamine
B. Nitrofurans
C. Aflatoxin
D. Chloramphenicol
E. DDT
Answer: B. Nitrofurans
Explanation: FSSAI started testing egg samples after reports of nitrofurans, a banned antimicrobial substance with carcinogenic risks, being detected in eggs.
2. HAMMER (AASM), recently in news, is best described as which of the following?
A. Air-to-air missile system
B. Short-range ballistic missile
C. Precision-guided air-to-ground weapon
D. Naval cruise missile
E. Anti-drone defence system
Answer: C. Precision-guided air-to-ground weapon
Explanation: HAMMER (Highly Agile Modular Munition Extended Range) converts conventional bombs into precision-guided smart munitions with stand-off capability.
3. The joint manufacturing of HAMMER weapons in India will be carried out through which arrangement?
A. DRDO–HAL joint venture
B. BEL–Safran 50:50 joint venture
C. HAL–Dassault partnership
D. DRDO–Safran MoU
E. BEL–Thales collaboration
Answer: B. BEL–Safran 50:50 joint venture
Explanation: India and France agreed to manufacture HAMMER weapons in India via a 50:50 joint venture between Bharat Electronics Limited (BEL) and Safran.
4. Exercise EKUVERIN is conducted between India and which country?
A. Sri Lanka
B. Nepal
C. Bangladesh
D. Maldives
E. Indonesia
Answer: D. Maldives
Explanation: Exercise EKUVERIN is a bilateral military exercise between the Indian Army and the Maldives National Defence Forces (MNDF).
5. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 raised the FDI limit in insurance companies to what level?
A. 74%
B. 80%
C. 90%
D. 95%
E. 100%
Answer: E. 100%
Explanation: The amendment bill increased the FDI limit in India’s insurance sector from 74% to 100% to attract capital and enhance competition.
6. According to the new PFRDA regulations, the maximum loan allowed against an NPS corpus is limited to what proportion?
A. 10% of total corpus
B. 20% of employer contribution
C. 25% of subscriber’s own contribution
D. 40% of total corpus
E. 50% of total corpus
Answer: C. 25% of subscriber’s own contribution
Explanation: PFRDA allows loans against NPS by permitting a lien up to 25% of the subscriber’s own contribution, aligning with partial withdrawal limits.
7. India’s rupee touching beyond ₹91 per US dollar in 2025 was primarily associated with which of the following factors?
A. Rising crude oil imports only
B. Large-scale FDI inflows
C. Strong RBI intervention in forex markets
D. FPI outflows and global bond yield pressures
E. Decline in export competitiveness
Answer: D. FPI outflows and global bond yield pressures
Explanation: The rupee weakened due to heavy FPI outflows, rising US bond yields, and global risk aversion affecting emerging market currencies.
8. RBI’s use of a currency swap primarily helps in achieving which objective?
A. Increasing fiscal deficit
B. Reducing government borrowing
C. Injecting rupee liquidity into the banking system
D. Fixing the exchange rate permanently
E. Eliminating inflation
Answer: C. Injecting rupee liquidity into the banking system
Explanation: Through currency swaps, RBI buys dollars and provides rupees, thereby injecting liquidity and stabilising financial markets.
9. Unclaimed bank deposits in India mainly arise due to which of the following reasons?
A. High interest rates
B. Excessive bank charges
C. Dormant accounts and lack of nominee details
D. Frequent account closures
E. Taxation on savings
Answer: C. Dormant accounts and lack of nominee details
Explanation: Dormant accounts, missing nominee information, outdated KYC, and unclaimed deposits after the death of account holders are key reasons.
10. SEBI’s proposed revision of the Total Expense Ratio (TER) for mutual funds aims primarily to:
A. Increase fund house profits
B. Encourage speculative trading
C. Reduce investor costs and improve transparency
D. Eliminate mutual fund commissions
E. Restrict foreign investment
Answer: C. Reduce investor costs and improve transparency
Explanation: SEBI’s TER reform proposal seeks to lower brokerage and transaction costs, thereby enhancing long-term investor returns and transparency.
