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Daily Current Affairs
31 August & 1 September, 2025
1. The State Energy Efficiency Index (SEEI) 2024 is jointly developed by the Bureau of Energy Efficiency (BEE) and which organization?
a) TERI
b) CII
c) Alliance for an Energy Efficient Economy (AEEE)
d) NITI Aayog
e) Ministry of Power
Answer: c) Alliance for an Energy Efficient Economy (AEEE)
Explanation: SEEI 2024 was launched on 29 Aug 2025 by BEE in collaboration with AEEE. It tracks and compares state performance in energy efficiency.
2. Which city hosted the Shanghai Cooperation Organisation (SCO) Summit 2025 where PM Modi met Xi Jinping?
a) Beijing
b) Astana
c) Samarkand
d) Tianjin
e) Tashkent
Answer: d) Tianjin
Explanation: The SCO Summit 2025 was hosted in Tianjin, China, with the theme “Upholding the Shanghai Spirit: SCO on the Move”.
3. Under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), what is the maximum monthly incentive provided to employers per employee?
a) â‚ą1,000
b) â‚ą1,500
c) â‚ą2,000
d) â‚ą3,000
e) â‚ą5,000
Answer: d) â‚ą3,000
Explanation: Employers hiring new employees with salaries up to â‚ą1 lakh will get up to â‚ą3,000/month per employee for 2 years (and up to 4 years in manufacturing).
4. According to RBI data (2000–2025), rural bank deposits grew by how many times?
a) 10 times
b) 15 times
c) 20 times
d) 28 times
e) 36 times
Answer: c) 20 times
Explanation: Rural deposits grew 20 times, slower than semi-urban (22x), urban (26x), and metros (36x).
5. The minimum paid-up capital requirement to start a Small Finance Bank (SFB) is:
a) â‚ą50 crore
b) â‚ą100 crore
c) â‚ą150 crore
d) â‚ą200 crore
e) â‚ą500 crore
Answer: d) â‚ą200 crore
Explanation: RBI mandates a minimum â‚ą200 crore paid-up capital for SFB licensing. Promoter contribution of 40% is locked for 5 years.
6. The RBI imposed a penalty of â‚ą44.70 lakh on Bandhan Bank for violating which regulation?
a) Priority Sector Lending norms
b) KYC & AML rules
c) Commission-based employee remuneration and audit trail issues
d) Capital Adequacy Ratio norms
e) Incorrect NPA classification
Answer: c) Commission-based employee remuneration and audit trail issues
Explanation: RBI found Bandhan Bank guilty of commission-based pay to employees and manual backend interventions without audit logs, violating Banking Regulation Act, 1949.
7. As per revised taxation rules, gains from Unit Linked Insurance Plans (ULIPs) that do not meet exemption conditions are taxed as:
a) Income from Salary
b) Income from Other Sources
c) Agricultural Income
d) Capital Gains
e) Exempted from tax
Answer: d) Capital Gains
Explanation: ULIPs not meeting Section 10(10D) conditions are treated as capital assets, making gains taxable as capital gains.
8. In August 2025, Foreign Portfolio Investors (FPIs) withdrew around how much from Indian equities, marking the sharpest sell-off in six months?
a) â‚ą12,000 crore
b) â‚ą18,500 crore
c) â‚ą25,700 crore
d) â‚ą34,993 crore
e) â‚ą40,200 crore
Answer: d) â‚ą34,993 crore
Explanation: FPIs pulled out â‚ą34,993 crore (~$4 billion) due to US tariffs, high valuations, and weak earnings, causing market volatility.
9. The Krishi Nivesh 2.0 portal is primarily designed to:
a) Provide crop insurance
b) Serve as a digital single-window for agri-investments and PPP projects
c) Distribute fertilizer subsidies
d) Offer real-time weather data
e) Manage Minimum Support Price (MSP) procurement
Answer: b) Serve as a digital single-window for agri-investments and PPP projects
Explanation: Krishi Nivesh 2.0 integrates PPP to attract private investment, improve agri-infrastructure, and reduce post-harvest losses.
10. Which Indian region has recently produced mono-floral lavender honey for the first time?
a) Himachal Pradesh
b) Uttarakhand
c) Jammu & Kashmir
d) Arunachal Pradesh
e) Sikkim
Answer: c) Jammu & Kashmir
Explanation: CSIR-IIIM, Pulwama (J&K) produced India’s first mono-floral lavender honey under the Purple Revolution. It contains 61% lavender pollen, giving it global premium quality.
