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Daily Current Affairs
27 June, 2025
1. At the SCO Defence Ministers’ meeting, why did India refuse to endorse the joint statement?
A) Because of its economic policies
B) Lack of strong language against terrorism
C) Due to a border dispute
D) In protest of trade restrictions
E) Because of military exercises
Answer: B) Lack of strong language against terrorism
Explanation: India withheld endorsement citing the joint statement’s failure to include robust language condemning terrorism, especially following the Pahalgam attack.
2. What era does the Keeladi archaeological excavation challenge existing beliefs about?
A) Vedic Age
B) Gupta Age
C) Sangam Age
D) Maurya Age
E) Rajput Age
Answer: C) Sangam Age
Explanation: Findings at Keeladi, dating between 800 BCE and 1 CE, suggest the Sangam Age may have begun earlier than previously believed (circa 300 BCE).
3. What key household economic metric will MoSPI’s upcoming national survey directly measure?
A) Consumption only
B) Income distribution
C) Land ownership
D) Number of bank accounts
E) Health expenditure
Answer: B) Income distribution
Explanation: The first direct nationwide household income survey will measure income inequality and poverty—providing more accurate data than proxies like consumption.
4. SBI’s partnership with FPSB India aims to certify employees in what?
A) Risk management
B) Certified Financial Planner (CFP)
C) Digital banking
D) Forex trading
E) Equity research
Answer: B) Certified Financial Planner (CFP)
Explanation: SBI is integrating CFP certification into employee training to enhance financial advisory services.
5. What type of banks is Equitas SFB partnering with for bancassurance products?
A) Private Banks
B) Public Sector Banks
C) Small Finance Banks
D) Foreign Banks
E) Cooperative Banks
Answer: C) Small Finance Banks
Explanation: Equitas SFB—a small finance bank—has tied up with Edelweiss Life to sell life insurance to its customer base.
6. Which insurer was flagged by IRDAI for concerns over health insurance practices?
A) LIC
B) HDFC Ergo
C) Eight health insurers (collectively)
D) ICICI Lombard
E) Bajaj Allianz
Answer: C) Eight health insurers (collectively)
Explanation: During inspections, IRDAI raised issues in CIS design, portability data, and claims handling across eight health insurance firms.
7. What challenge does MoSPI face in conducting a national income survey?
A) Availability of enumerators
B) Low agricultural productivity
C) Refusal of gated communities to participate
D) Over-reliance on Aadhaar data
E) Delay in printing survey materials
Answer: C) Refusal of gated communities to participate
Explanation: High-income groups often deny access or underreport income due to tax and privacy concerns, affecting representativeness.
8. Which organization conducted inspections and flagged irregularities among health insurers recently?
A) SEBI
B) RBI
C) NABARD
D) IRDAI
E) NITI Aayog
Answer: D) IRDAI
Explanation: The Insurance Regulatory and Development Authority of India (IRDAI) raised concerns about claims practices and compliance issues.
9. What is the primary aim of AI-based price forecasting tools demanded by farmers?
A) Predict rainfall
B) Improve soil quality
C) Reduce middlemen
D) Improve market awareness and reduce post-harvest losses
E) Increase farm mechanization
Answer: D) Improve market awareness and reduce post-harvest losses
Explanation: Farmers seek AI tools to anticipate prices of crops like basmati rice and horticulture produce to make informed marketing decisions.
10. Under which scheme will moong and urad be procured in Madhya Pradesh and Uttar Pradesh?
A) MSP Scheme
B) MIS
C) PSS (Price Support Scheme)
D) APMC Reform
E) Food Security Scheme
Answer: C) PSS (Price Support Scheme)
Explanation: The Centre approved procurement under the PSS to ensure fair prices for pulses, eliminating middlemen.
