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Daily Current Affairs
20 & 21 July June, 2025
1. What is the primary goal of the NSCSTI 2.0 launched under Mission Karmayogi?
A) Promote agricultural sustainability
B) Empower state governments
C) Create a citizen-centric, future-ready bureaucracy
D) Enhance India’s defense capabilities
E) Facilitate global trade agreements
Answer: C) Create a citizen-centric, future-ready bureaucracy
Explanation: NSCSTI 2.0 focuses on reducing complexity, integrating AI, and hybrid learning systems to prepare Indian civil servants for future challenges and better public service delivery.
2. Which country showed interest in NSCSTI 2.0’s framework besides India?
A) China
B) Sri Lanka
C) South Africa
D) Nepal
E) Bhutan
Answer: C) South Africa
Explanation: NSCSTI 2.0 has attracted global attention including interest from Bangladesh, Maldives, and South Africa, indicating its international relevance.
3. What is unique about AdFalciVax, India’s first two-stage malaria vaccine?
A) It requires no cold storage
B) It targets Plasmodium vivax
C) It uses genetically modified mosquitoes
D) It is developed using Lactococcus lactis
E) It can be taken orally
Answer: D) It is developed using Lactococcus lactis
Explanation: AdFalciVax is based on a novel platform using Lactococcus lactis, making it safe, scalable, and stable at room temperature for over 9 months.
4. According to RBI’s EDPMS draft reforms, exporters with bills ≤ ₹10 lakh can now:
A) File through RBI manually
B) Use a third-party platform
C) Self-certify for shipping bill closure
D) Request physical verification
E) Submit only once a year
Answer: C) Self-certify for shipping bill closure
Explanation: The draft EDPMS reforms allow exporters with shipping bills under â‚ą10 lakh to close them via self-declaration, reducing compliance burden.
5. What is the minimum investment required for India’s first Small & Medium REIT (SM‑REIT)?
A) â‚ą5 lakh
B) â‚ą25 lakh
C) â‚ą1 lakh
D) â‚ą10 lakh
E) â‚ą50,000
Answer: D) â‚ą10 lakh
Explanation: Aurum PropTech launched the first SEBI-approved SM‑REIT in India with a minimum investment of ₹10 lakh, aimed at promoting fractional ownership in commercial real estate.
6. What is a major advantage of migrating to ISO 20022 in banking?
A) Reduced employee costs
B) Removal of GST on transactions
C) Richer data and interoperability
D) Easier manual reconciliation
E) Faster ATM withdrawals
Answer: C) Richer data and interoperability
Explanation: ISO 20022 offers detailed structured messages, improving payment speed, compliance, and cross-border transaction accuracy.
7. Under the Liberalised Remittance Scheme (LRS), taxpayers must:
A) File ITR-1 only
B) Disclose only income, not assets
C) Avoid foreign investments
D) Disclose foreign income/assets and file ITR-2/3
E) Apply through the RBI
Answer: D) Disclose foreign income/assets and file ITR-2/3
Explanation: Individuals investing abroad must file ITR-2 or ITR-3 and disclose all foreign assets/income to comply with LRS and avoid penalties under the Black Money Act.
8. What rank did India achieve in the IMF-FIS 2025 Fast Payments Report?
A) 3rd
B) 2nd
C) 5th
D) 1st
E) 4th
Answer: D) 1st
Explanation: India topped the IMF-FIS 2025 Fast Payments Report with a FPAS (Fast Payment Assessment Score) of 87.5%, largely driven by UPI.
9. Which Indian state became the first to grant agriculture status to livestock and poultry?
A) Uttar Pradesh
B) Gujarat
C) Tamil Nadu
D) Maharashtra
E) Haryana
Answer: D) Maharashtra
Explanation: Maharashtra is the first Indian state to classify livestock and poultry under agriculture, allowing farmers to access subsidies, tax relief, and financial benefits.
10. What is the estimated annual rural income boost from Maharashtra’s livestock policy?
A) â‚ą10,000 crore
B) â‚ą1,000 crore
C) â‚ą7,080 crore
D) â‚ą5,500 crore
E) â‚ą8,200 crore
Answer: C) â‚ą7,080 crore
Explanation: The new classification of livestock and poultry as agriculture in Maharashtra is projected to generate an estimated â‚ą7,080 crore in additional rural income each year.
