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Daily Current Affairs
29 May, 2025
1. What is the primary focus of the “India’s Crypto Policy 2025” discussion paper expected to be released by the Indian government?
A. Banning all cryptocurrencies
B. Introducing a national cryptocurrency
C. Regulating the crypto sector with a balanced approach
D. Promoting only blockchain technology
E. Allowing unrestricted crypto trading
Answer: C. Regulating the crypto sector with a balanced approach
Explanation: The Indian government is finalizing a discussion paper on “India’s Crypto Policy 2025,” aiming to regulate the cryptocurrency sector with a balanced approach, ensuring consumer protection while fostering innovation.
2. Which international organization issued its first-ever Silver Notice in 2025?
A. Interpol
B. United Nations
C. World Health Organization
D. International Monetary Fund
E. World Trade Organization
Answer: A. Interpol
Explanation: In 2025, Interpol issued its first-ever Silver Notice, a new category of notice aimed at locating missing persons, especially vulnerable adults, enhancing international cooperation in such cases.
3. What is the objective of the “Viksit Krishi Sankalp Abhiyan” campaign launched on May 29, 2025?
A. Promoting urban agriculture
B. Enhancing agricultural exports
C. Strengthening India’s agricultural foundation for a developed nation
D. Introducing genetically modified crops
E. Reducing agricultural subsidies
Answer: C. Strengthening India’s agricultural foundation for a developed nation
Explanation: The “Viksit Krishi Sankalp Abhiyan” campaign, launched on May 29, 2025, aims to strengthen India’s agricultural foundation, contributing to the vision of a “Viksit Bharat” (Developed India).
4. What significant change did the Reserve Bank of India (RBI) implement regarding the Cash Reserve Ratio (CRR) in May 2025?
A. Increased CRR by 50 basis points
B. Decreased CRR by 25 basis points
C. Maintained CRR at the current level
D. Eliminated CRR requirements
E. Linked CRR to inflation rates
Answer: B. Decreased CRR by 25 basis points
Explanation: In May 2025, the RBI reduced the Cash Reserve Ratio (CRR) by 25 basis points to infuse liquidity into the banking system and support economic growth.
5. Which Indian bank launched a new initiative to support startups and fintech companies in May 2025?
A. State Bank of India
B. HDFC Bank
C. ICICI Bank
D. Axis Bank
E. Punjab National Bank
Answer: C. ICICI Bank
Explanation: In May 2025, ICICI Bank launched a new initiative aimed at providing financial and advisory support to startups and fintech companies, fostering innovation and entrepreneurship.
6. Which state government announced a new policy to promote organic farming in May 2025?
A. Punjab
B. Maharashtra
C. Kerala
D. Gujarat
E. Rajasthan
Answer: C. Kerala
Explanation: In May 2025, the Kerala state government announced a new policy to promote organic farming, aiming to enhance sustainable agricultural practices and reduce chemical usage.
7. What technological advancement did the Indian Council of Agricultural Research (ICAR) introduce in May 2025 to benefit farmers?
A. Drone-based crop monitoring system
B. Genetically modified seeds
C. AI-powered soil testing kits
D. Mobile app for real-time weather updates
E. Blockchain-based supply chain management
Answer: C. AI-powered soil testing kits
Explanation: In May 2025, ICAR introduced AI-powered soil testing kits to provide farmers with accurate soil health information, enabling better crop planning and increased productivity.
8. Which crop’s minimum support price (MSP) was increased by the Indian government in May 2025 to encourage its cultivation?
A. Wheat
B. Rice
C. Pulses
D. Cotton
E. Millets
Answer: E. Millets
Explanation: In May 2025, the Indian government increased the minimum support price (MSP) for millets to encourage their cultivation, promoting nutritional security and sustainable agriculture.
9. What was India’s GDP growth rate for the fiscal year 2024-25, as reported in May 2025?
A. 5.5%
B. 6.0%
C. 6.8%
D. 7.2%
E. 7.5%
Answer: D. 7.2%
Explanation: As reported in May 2025, India’s GDP growth rate for the fiscal year 2024-25 was 7.2%, reflecting robust economic recovery and growth momentum.
10. Which sector contributed the most to India’s GDP growth in the fiscal year 2024-25?
A. Agriculture
B. Manufacturing
C. Services
D. Construction
E. Mining
Answer: C. Services
Explanation: In the fiscal year 2024-25, the services sector was the largest contributor to India’s GDP growth, driven by strong performance in IT, finance, and real estate services.
