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Daily Current Affairs
3 September, 2025
1. Which country has been ranked the safest in Asia and 6th globally in the Global Peace Index (GPI) 2025?
a) Japan
b) Singapore
c) South Korea
d) Bhutan
e) Malaysia
Answer: b) Singapore
Explanation: In the Global Peace Index (GPI) 2025, Singapore was ranked the safest country in Asia and 6th globally. Iceland topped the index, while India stood at 115th.
2. What is India’s long-term vision for the semiconductor sector as outlined at the 4th SEMICON India Conference (2025)?
a) To become the world’s largest chip importer
b) To focus only on chip packaging and testing
c) To emerge as a full-stack semiconductor nation
d) To depend on Taiwan for chip fabrication
e) To specialize only in AI chips
Answer: c) To emerge as a full-stack semiconductor nation
Explanation: PM Narendra Modi stated that India’s vision is to become a “full-stack semiconductor nation” by 2030, covering design, fabrication, packaging, and innovation.
3. The government’s draft amendments to the Indian Insurance Companies (Foreign Investment) Rules propose which key relaxation?
a) No solvency margin required
b) Removal of majority-resident director requirement
c) 100% dividend tax exemption
d) Automatic FDI approval for all companies
e) No need for board of directors
Answer: b) Removal of majority-resident director requirement
Explanation: The draft norms remove the clause requiring a majority of directors/KMPs to be resident Indians, making compliance easier for foreign investors.
4. As per SEBI’s new framework (effective October 2025), what is the Net Intraday Position Limit for equity index options?
a) â‚ą1,500 crore
b) â‚ą2,000 crore
c) â‚ą5,000 crore
d) â‚ą10,000 crore
e) â‚ą15,000 crore
Answer: c) â‚ą5,000 crore
Explanation: SEBI introduced a net intraday position limit of â‚ą5,000 crore and a gross limit of â‚ą10,000 crore per side to curb risky expiry-day bets.
5. Why has IRDAI restricted venture capital-backed fintech startups from obtaining insurance manufacturing licences?
a) They lack digital infrastructure
b) They are focused on short-term growth and external funding
c) They have no access to customer data
d) They already dominate distribution channels
e) They are foreign-owned entities
Answer: b) They are focused on short-term growth and external funding
Explanation: IRDAI believes VC-backed fintechs lack long-term stability and risk management capacity required for insurance manufacturing, though they are suitable for distribution.
6. Which bank has recently launched FD-backed secured credit cards under RuPay?
a) Ujjivan Small Finance Bank
b) Suryoday Small Finance Bank
c) Equitas Small Finance Bank
d) AU Small Finance Bank
e) Jana Small Finance Bank
Answer: b) Suryoday Small Finance Bank
Explanation: Suryoday SFB launched RuPay Select and Platinum secured credit cards, backed by fixed deposits, targeting homemakers, retirees, and first-time credit users.
7. Which insurer received the highest number of complaints in the Council of Insurance Ombudsman (CIO) 2023–24 Report?
a) Niva Bupa Health Insurance
b) CARE Health Insurance
c) Star Health & Allied Insurance
d) The New India Assurance Co. Ltd
e) National Insurance Co. Ltd
Answer: c) Star Health & Allied Insurance
Explanation: Star Health received 13,308 complaints (over 10,000 related to claim rejections), making it the insurer with the highest number of complaints.
8. Which change in the draft insurance FDI norms is seen as a precursor to allowing 100% FDI?
a) Solvency margin relaxation
b) Wording change in paid-up equity capital clause
c) Dividend repatriation clause removal
d) Board independence clause removal
e) Automatic approval of licences
Answer: b) Wording change in paid-up equity capital clause
Explanation: The draft replaces “not to exceed 74%” with “as per Insurance Act, 1938,” hinting at the possibility of raising the FDI cap to 100%.
9. What is the target export value under the BHARATI Initiative launched by APEDA?
a) $25 billion by 2027
b) $30 billion by 2028
c) $40 billion by 2029
d) $50 billion by 2030
e) $60 billion by 2032
Answer: d) $50 billion by 2030
Explanation: BHARATI aims to support 100 agri-food startups and achieve $50 billion agri-food exports by 2030.
10. Which of the following is a major challenge for India’s horticulture sector highlighted in the RBI study?
a) Low demand for fruits and vegetables
b) Excessive export diversification
c) Boom-bust price cycles in perishable crops
d) Declining consumer health awareness
e) Lack of government subsidies
Answer: c) Boom-bust price cycles in perishable crops
Explanation: The RBI study highlights price volatility in tomatoes, onions, and potatoes, leading to distress for farmers and consumers, along with post-harvest losses.
