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Daily Current Affairs
29 August, 2025
1. According to the Comprehensive Modular Survey (CMS) 2025, what percentage of school students in India take private coaching, also referred to as “shadow schooling”?
a) 20%
b) 25%
c) 27%
d) 30%
e) 33%
Answer: e) 33%
Explanation: CMS 2025 revealed that 33% of school students in India take private coaching. The national average, however, is 27%, but the overall figure mentioned in the report is 33%.
2. In CMS: Education 2025, which level of rural education witnessed the highest decline in government school enrolments compared to 2017-18?
a) Primary
b) Middle
c) Secondary
d) Higher Secondary
e) Pre-Primary
Answer: d) Higher Secondary
Explanation: Rural higher secondary enrolments in government schools dropped from 68% in 2017-18 to 58.9% in 2025, marking the sharpest decline compared to other levels.
3. Which fintech platform has received SEBI approval for India’s largest $1 billion IPO?
a) Zerodha
b) Upstox
c) Groww
d) Paytm Money
e) ET Money
Answer: c) Groww
Explanation: Groww, founded in 2016 by ex-Flipkart employees, has received SEBI’s nod for a $1 billion IPO, the largest by an Indian capital market firm.
4. What is the main objective of the UMANG app integrated with EPFO services?
a) To offer digital wallets for citizens
b) To consolidate multiple government services into one platform
c) To provide tax filing services
d) To create a social media platform for governance
e) To track Aadhaar-linked health records only
Answer: b) To consolidate multiple government services into one platform
Explanation: UMANG (Unified Mobile Application for New-age Governance) integrates 1,000+ services from 200+ departments to simplify citizen access to government services.
5. In August 2025, which country imposed a 50% tariff on Indian exports, flagged as a downside risk by RBI?
a) China
b) USA
c) UK
d) Japan
e) Germany
Answer: b) USA
Explanation: RBI’s State of the Economy report highlighted that the US imposed steep 50% tariffs on Indian exports from August 27, 2025, creating trade concerns.
6. What are “shadow lenders,” according to RBI’s regulatory review?
a) Cooperative banks operating in rural areas
b) Private stock market brokers
c) NBFCs and similar entities lending outside the traditional banking system
d) Informal moneylenders in villages
e) International hedge funds investing in India
Answer: c) NBFCs and similar entities lending outside the traditional banking system
Explanation: Shadow lenders are NBFCs, HFCs, and fintech lending firms that operate outside regular banking regulations but provide similar credit services.
7. Where did Punjab National Bank (PNB) inaugurate India’s first startup-centric branch?
a) Bengaluru
b) Hyderabad
c) Mumbai
d) New Delhi
e) Pune
Answer: d) New Delhi
Explanation: PNB launched India’s first dedicated startup-centric branch at Bhikaji Cama Place, New Delhi, to support entrepreneurs and early-stage startups.
8. Which legislation empowers the RBI to regulate Payment Aggregators in India?
a) Banking Regulation Act, 1949
b) Companies Act, 2013
c) Payment and Settlement Systems Act, 2007
d) RBI Act, 1934
e) Information Technology Act, 2000
Answer: c) Payment and Settlement Systems Act, 2007
Explanation: This Act provides RBI with the authority to regulate and authorize payment and settlement systems, including Payment Aggregators like Razorpay and PayU.
9. Utkarsh Small Finance Bank partnered with which company for enhancing debit card management and payment processing?
a) Visa
b) Mastercard
c) Hitachi Payment Services
d) NPCI
e) Paytm
Answer: c) Hitachi Payment Services
Explanation: Utkarsh SFB partnered with Hitachi Payment Services to streamline debit card lifecycle management and strengthen payment processing systems.
10. SEBI plans to introduce special incentives for which group of investors in mutual funds?
a) Senior citizens
b) First-time women investors
c) NRI investors
d) Farmers
e) Young students
Answer: b) First-time women investors
Explanation: To boost financial inclusion, SEBI proposed special distribution incentives for women investing in mutual funds for the first time, especially in tier-2 and tier-3 cities.
