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Daily Current Affairs
20 September, 2025
1. India was recently re-elected to which two councils of the Universal Postal Union (UPU)?
a) Executive Board & Advisory Council
b) Postal Operations Council & Council of Administration
c) Regulatory Committee & Innovation Board
d) International Bureau & Congress Council
e) Strategy & Reforms Council
Answer: b) Postal Operations Council & Council of Administration
Explanation: At the 28th UPU Congress in Dubai, India was re-elected to the Council of Administration (CA) and the Postal Operations Council (POC), strengthening its role in global postal cooperation.
2. The Indian Navy recently inducted ‘Androth’. What type of vessel is it?
a) Aircraft Carrier
b) Nuclear Submarine
c) Anti-Submarine Warfare Shallow Water Craft
d) Guided Missile Destroyer
e) Frigate
Answer: c) Anti-Submarine Warfare Shallow Water Craft
Explanation: ‘Androth’, built by GRSE, is the second ASW-SWC of an 8-ship series. It will be used for coastal security and anti-submarine operations in shallow waters.
3. Which district topped the INSPIRE Award-MANAK 2025 national innovation rankings?
a) Bengaluru Urban (Karnataka)
b) Jaipur (Rajasthan)
c) Lucknow (Uttar Pradesh)
d) Muzaffarpur (Bihar)
e) Hardoi (Uttarakhand)
Answer: d) Muzaffarpur (Bihar)
Explanation: Muzaffarpur district of Bihar topped the rankings with 7,403 innovative student ideas, followed by Bengaluru Urban and Bagalkot.
4. Which Japanese credit rating agency upgraded India’s sovereign rating to BBB+ in 2025?
a) Moody’s
b) Fitch
c) Rating and Investment Information (R&I)
d) S&P Global
e) DBRS Morningstar
Answer: c) Rating and Investment Information (R&I)
Explanation: Japan-based R&I upgraded India’s sovereign credit rating to BBB+, reflecting macroeconomic stability, GST reforms, and strong domestic demand.
5. SEBI and RBI are working on introducing Corporate Bond Index Futures (CBIF). What is their primary feature?
a) Physical delivery of bonds at maturity
b) Cash settlement based on index value
c) Only government bonds included
d) Open to all bonds including junk ratings
e) Issued by RBI directly
Answer: b) Cash settlement based on index value
Explanation: CBIF are cash-settled derivative contracts based on a corporate bond index (AA+ rated and above). No physical delivery is required.
6. PFRDA is in talks with SEBI to allow pension funds to invest in which asset class?
a) Agricultural commodities
b) Gold and Silver derivatives
c) Equity IPOs only
d) Real estate mutual funds
e) Green bonds
Answer: b) Gold and Silver derivatives
Explanation: PFRDA aims to allow pension funds to access gold, silver, and metals derivatives, while agricultural commodities remain excluded due to volatility.
7. Under the new Multiple Scheme Framework (MSF) of NPS, what is the maximum equity allocation allowed in high-risk schemes?
a) 50%
b) 60%
c) 75%
d) 90%
e) 100%
Answer: e) 100%
Explanation: The MSF allows non-government NPS subscribers to invest in multiple schemes under one PRAN, with equity exposure up to 100% in high-risk variants (earlier capped at 75%).
8. Which bank became the first foreign bank subsidiary in India to be authorized as an Agency Bank by RBI?
a) HSBC India
b) Standard Chartered Bank
c) DBS Bank India
d) CitiBank India
e) Deutsche Bank India
Answer: c) DBS Bank India
Explanation: DBS Bank India was authorized as an Agency Bank to collect GST and other government payments, becoming the first wholly owned foreign subsidiary to get this status.
9. SEBI has reintroduced B-30 incentives for mutual funds. What is the maximum incentive cap per new investor?
a) ₹500
b) ₹1,000
c) ₹2,000
d) ₹5,000
e) ₹10,000
Answer: c) ₹2,000
Explanation: Distributors earn incentives for bringing investors from smaller towns and women investors, capped at ₹2,000 per new PAN investor. Exit load is also capped at 3%.
10. The Biological Agri Solutions Association of India (BASAI) demanded GST clarity for biostimulants. What GST rate does BASAI argue should apply?
a) 0% (Exempt)
b) 5% (like fertilizers)
c) 12%
d) 18%
e) 28%
Answer: b) 5% (like fertilizers)
Explanation: Biostimulants are plant growth enhancers used in sustainable farming. BASAI insists they should be taxed at 5%, same as fertilizers, instead of the 18% levied in some cases.
