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Daily Current Affairs
2 May, 2025
1. What is the primary objective of the Vizhinjam International Seaport in Kerala?
A) To boost inland waterways
B) To reduce reliance on foreign ports
C) To improve railway transportation
D) To support domestic air cargo
E) To promote agricultural exports
Answer: B) To reduce reliance on foreign ports
Explanation: The Vizhinjam International Seaport aims to reduce India’s reliance on foreign ports by becoming India’s first all-weather deepwater transshipment port. It will also boost maritime trade.
2. Which of the following is true about Private Member’s Bills (PMBs) in India?
A) They are always passed in Parliament
B) They are proposed by government ministers
C) They have become less relevant in recent years
D) PMBs can only address financial matters
E) They are binding once passed
Answer: C) They have become less relevant in recent years
Explanation: Private Member’s Bills (PMBs) allow MPs to propose laws, but their relevance has decreased in recent years, largely due to institutional changes and party priorities limiting their impact.
3. What was the reason for India’s suspension of the Indus Waters Treaty (IWT) in 2025?
A) Change in environmental policy
B) Water scarcity in India
C) Terror attack leading to fundamental changes in circumstances
D) Poor negotiation with Pakistan
E) Drought in neighboring regions
Answer: C) Terror attack leading to fundamental changes in circumstances
Explanation: India suspended the IWT following a terror attack, citing fundamental changes in circumstances. However, unilateral suspension is not allowed under the treaty.
4. GST collections in April 2025 reached a record high of ₹2.09 trillion. What was the YoY growth rate?
A) 8.5%
B) 7.9%
C) 9.1%
D) 10.5%
E) 5.3%
Answer: C) 9.1%
Explanation: GST collections in April 2025 rose by 9.1% compared to the previous year, reflecting strong economic activity across states and rising refunds.
5. Which of the following digital payment methods showed a decline in April 2025?
A) UPI
B) IMPS
C) Fastag
D) AePS
E) BHIM
Answer: B) IMPS
Explanation: IMPS showed a decline in April 2025, while UPI, Fastag, and AePS remained resilient or experienced fluctuations.
6. What is the main goal of launching the Corporate Bhawan in India?
A) To promote public sector enterprises
B) To simplify regulatory processes and strengthen the private sector
C) To centralize all banking operations
D) To provide incentives for foreign investors
E) To increase taxation on corporations
Answer: B) To simplify regulatory processes and strengthen the private sector
Explanation: The Corporate Bhawan aims to streamline regulatory processes, integrate corporate services, and strengthen the private sector in India.
7. What key financial indicator did Jana Small Finance Bank meet to apply for a universal banking license?
A) Maintaining a high interest rate
B) High employee retention
C) Profitability and low NPAs
D) Increased foreign investment
E) Rising loan defaults
Answer: C) Profitability and low NPAs
Explanation: Jana Small Finance Bank met RBI’s eligibility criteria, including maintaining profitability and low Non-Performing Assets (NPAs), to apply for a universal banking license.
8. What was the major reason for the decline in MGNREGA work demand in April 2025?
A) Increased agricultural employment
B) Improvement in the manufacturing sector
C) Decline in rural unemployment
D) Decrease in government funding
E) A reduction in the number of households demanding work
Answer: E) A reduction in the number of households demanding work
Explanation: MGNREGA work demand in April 2025 declined by 6.6% compared to the previous year, marking the lowest demand for April since 2020-21.
9. What is the approved labour budget for MGNREGA in FY26?
A) ₹100,000 crore
B) 199 crore person-days
C) ₹1 trillion
D) 150 crore person-days
E) 500 crore person-days
Answer: B) 199 crore person-days
Explanation: The approved labour budget for MGNREGA for FY26 is around 199 crore person-days, which is 18.44% lower than the previous year’s budget.
10. Which of the following was a key feature of the Vizhinjam International Seaport?
A) Largest inland waterway project
B) Use of AI and tech for ship movement optimization
C) Primarily focused on agricultural exports
D) Located in Gujarat
E) Primarily a domestic shipping hub
Answer: B) Use of AI and tech for ship movement optimization
Explanation: The Vizhinjam International Seaport uses advanced technologies, including AI, to optimize ship movement and enhance operational efficiency.
