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Daily Current Affairs
3 July June, 2025
1. Which of the following countries joined the BRICS grouping in 2010, expanding it beyond the original BRIC format?
A. Argentina
B. Brazil
C. South Africa
D. China
E. Nigeria
Answer: C. South Africa
Explanation: Originally formed as BRIC in 2006 (Brazil, Russia, India, China), the group became BRICS when South Africa joined in 2010 to represent the African continent.
2. Which of the following is NOT one of the nine pillars of the Digital India initiative?
A. Broadband Highways
B. Public Internet Access
C. Robotics for e-Governance
D. e-Kranti
E. Electronics Manufacturing
Answer: C. Robotics for e-Governance
Explanation: Robotics is not part of the original nine pillars. The actual pillars include Broadband Highways, Universal Mobile Access, e-Kranti, etc.
3. What does the newly mandated SEBI “single VWAP” represent in the contract note for investors?
A. Daily tax on securities
B. Single day trading limit
C. Volume-weighted average price across exchanges
D. Variable weighted average payout
E. Verified withdrawal access point
Answer: C. Volume-weighted average price across exchanges
Explanation: SEBI’s reform mandates a common contract note reflecting a single VWAP (Volume Weighted Average Price) to simplify reporting of trades across exchanges.
4. What technology powers the C-FLOOD system for flood forecasting?
A. Artificial Neural Networks
B. 2D Hydrodynamic Modelling
C. Blockchain Ledger Systems
D. Optical Image Processing
E. IoT Sensors Network
Answer: B. 2D Hydrodynamic Modelling
Explanation: C-FLOOD is powered by 2D hydrodynamic modeling and uses satellite data and HPC simulations for accurate flood forecasting.
5. The Quad Critical Minerals Initiative aims to reduce reliance on which country’s mineral supply dominance?
A. Brazil
B. Russia
C. Australia
D. China
E. Indonesia
Answer: D. China
Explanation: The initiative aims to counter China’s dominance in rare earth minerals and processing, and diversify global supply chains.
6. The SPREE scheme 2025, approved by ESIC, mainly aims to:
A. Provide free healthcare to retired employees
B. Mandate biometric attendance in industries
C. Promote voluntary registration of unregistered workers
D. Introduce AI-based employee monitoring
E. Regulate employer salaries
Answer: C. Promote voluntary registration of unregistered workers
Explanation: SPREE 2025 is designed to encourage voluntary ESIC registration of unregistered employers and workers, especially contractual or informal.
7. Which of the following is a primary feature of the Financial Fraud Risk Indicator (FRI) tool?
A. Block mobile numbers permanently
B. Track income tax frauds
C. Classify mobile numbers based on fraud risk
D. Ban UPI transactions on flagged accounts
E. Verify SIM card age
Answer: C. Classify mobile numbers based on fraud risk
Explanation: FRI tool classifies mobile numbers into categories like Medium, High, and Very High risk to detect and prevent financial fraud in real time.
8. According to Ind-Ra, microfinance institutions are expected to recover to normalcy by:
A. FY24 Q3
B. FY25 H1
C. FY25 Q4
D. FY26 H2
E. FY27 Q1
Answer: D. FY26 H2
Explanation: India Ratings forecasts that the MFI sector will likely return to pre-crisis performance by the second half of FY26.
9. The AI-driven NPSS platform primarily helps farmers with:
A. Predicting rainfall
B. Finding market prices
C. Uploading crop insurance claims
D. Detecting pest infestations
E. Monitoring water levels
Answer: D. Detecting pest infestations
Explanation: The National Pest Surveillance System uses AI to recognize pest types via image uploads and gives tailored pest control advisories.
10. The purpose of SBI’s new Global Trade Finance Centres is to:
A. Monitor cryptocurrency flows
B. Offer faster and digitized trade processing
C. Promote rural banking adoption
D. Launch forex microloans
E. Train banking apprentices
Answer: B. Offer faster and digitized trade processing
Explanation: SBI launched GTFCs in Kolkata and Hyderabad to digitize and enhance efficiency in import-export trade processing using tech like AI and blockchain.
