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Daily Current Affairs
23 August, 2025
1. The Adi Karmayogi Abhiyan, launched by the Ministry of Tribal Affairs, primarily aims at:
a) Providing financial subsidies to tribal farmers
b) Building tribal grassroots leadership and responsive governance
c) Establishing new tribal universities
d) Promoting tribal art exports
e) Providing free housing to tribal communities
Answer: b) Building tribal grassroots leadership and responsive governance
Explanation: The Adi Karmayogi Abhiyan is envisaged as the world’s largest tribal grassroots leadership programme, focusing on empowering communities, leadership development, and responsive governance at the village level.
2. Kerala was recently declared as India’s first fully digitally literate state under which initiative?
a) BharatNet Project
b) Digi Kerala Project
c) Digital India Mission
d) e-Sampark Initiative
e) PM e-Governance Abhiyan
Answer: b) Digi Kerala Project
Explanation: In August 2025, Kerala became India’s first fully digitally literate state after successfully completing Phase I of the Digi Kerala Project.
3. According to NITI Aayog’s report “Rethinking Homestays”, which of the following measures was recommended to boost the homestay ecosystem?
a) Increase property taxes on homestays
b) Provide only asset-based subsidies
c) Single-window digital registration with 30-day approval timeline
d) Restrict collaboration with online travel aggregators
e) Homestays to be treated as commercial hotels for utilities
Answer: c) Single-window digital registration with 30-day approval timeline
Explanation: The report advocates simplified registration through a single-window digital platform, destination-specific incentives, and digital market integration with OTAs to strengthen India’s homestay ecosystem.
4. The RBI’s Flexible Inflation Targeting (FIT) framework currently aims to maintain CPI inflation at:
a) 2% ± 1%
b) 4% ± 2%
c) 6% ± 2%
d) 5% ± 3%
e) 3% ± 1%
Answer: b) 4% ± 2%
Explanation: Since 2016, RBI has adopted FIT targeting 4% CPI inflation with a tolerance band of 2–6%. This framework is under review as it expires in March 2026.
5. Which of the following is true regarding Headline CPI and Core CPI?
a) Headline CPI excludes housing prices
b) Core CPI includes food and fuel
c) Headline CPI includes all items like food, fuel, housing
d) Core CPI is preferred by RBI for India
e) Core CPI better reflects household concerns
Answer: c) Headline CPI includes all items like food, fuel, housing
Explanation: Headline CPI covers all items, while Core CPI excludes food and fuel. RBI prefers headline CPI in India since food accounts for ~50% of CPI and affects households directly.
6. At AMFI’s 30th anniversary, SEBI emphasized greater caution in which type of investment?
a) Blue-chip equities
b) Sovereign bonds
c) Micro-cap companies (₹500–₹1,000 crore market value)
d) Real estate funds
e) Gold ETFs
Answer: c) Micro-cap companies (₹500–₹1,000 crore market value)
Explanation: SEBI Chairperson warned AMCs against risky customized deals with micro-cap companies to safeguard investors and promote transparency.
7. L&T Finance partnered with Google Pay to provide which financial product directly on the digital platform?
a) Credit cards
b) Agricultural loans
c) Instant personal loans
d) Insurance policies
e) Home loans
Answer: c) Instant personal loans
Explanation: L&T Finance Ltd tied up with Google Pay to offer instant personal loans, enabling seamless access for eligible users within the app.
8. The Advisory Board for Banking and Financial Frauds (ABBFF) examines fraud cases involving how much and above?
a) â‚ą50 lakh
b) â‚ą1 crore
c) â‚ą2 crore
d) â‚ą3 crore
e) â‚ą5 crore
Answer: d) â‚ą3 crore
Explanation: ABBFF reviews cases of frauds worth â‚ą3 crore and above in PSBs, insurance, and financial institutions to determine culpability before criminal investigations.
9. RBI has proposed expanding capital charge for Counterparty Credit Risk (CCR) to include:
a) Only government bonds
b) Real estate derivatives
c) Equity, precious metals (excl. gold), and other commodity derivatives
d) Gold-backed loans
e) Agricultural crop futures only
Answer: c) Equity, precious metals (excl. gold), and other commodity derivatives
Explanation: RBI’s proposal aligns CCR norms with Basel standards by including equity and commodity derivatives (excluding gold) to strengthen capital adequacy.
10. The Union Cabinet approved universal distribution of fortified rice under all schemes till:
a) March 2026
b) December 2028
c) March 2030
d) December 2025
e) March 2028
Answer: b) December 2028
Explanation: In August 2025, the Cabinet approved an outlay of â‚ą17,082 crore (fully funded by GoI) for fortified rice supply under all central schemes till December 2028 to combat anaemia and malnutrition.
