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Daily Current Affairs
5 & 6 September, 2025
1. The Union Cabinet approved a ₹1,500 crore incentive scheme (2025–31) to promote recycling of e-waste and battery waste under which mission?
a) Digital India Mission
b) National Critical Mineral Mission (NCMM)
c) Atmanirbhar Bharat Digital Mission
d) Swachh Bharat Abhiyan 2.0
e) Green Energy Mission
Answer: b) National Critical Mineral Mission (NCMM)
Explanation: The scheme is part of NCMM to strengthen India’s supply chain for critical minerals via recycling of e-waste, lithium-ion battery scrap, and catalytic converters.
2. India produces around 41% of global millets, yet consumption has declined from 32 kg/year in the 1960s to ~4 kg/year today. In the Union Budget 2023–24, millets were renamed as:
a) Desi Anna
b) Shree Anna
c) Bharat Anna
d) Krishi Anna
e) Poshan Anna
Answer: b) Shree Anna
Explanation: In Budget 2023–24, millets were rebranded as “Shree Anna” to promote nutritional security, climate resilience, exports, and farmer incomes.
3. Which institution retained the No.1 Overall rank in India Rankings (NIRF) 2025 for the 7th consecutive year?
a) IIT Delhi
b) IIT Bombay
c) IIT Madras
d) IISc Bengaluru
e) IIM Ahmedabad
Answer: c) IIT Madras
Explanation: IIT Madras topped the NIRF 2025 Rankings in the Overall category for the 7th straight year and Engineering for the 10th straight year.
4. India’s first vulture conservation knowledge portal was launched in which state?
a) Gujarat
b) Madhya Pradesh
c) Assam
d) Rajasthan
e) Maharashtra
Answer: c) Assam
Explanation: The portal ‘The Vulture Network’ was launched in Assam on International Vulture Awareness Day 2025, to support conservation of critically endangered vulture species.
5. Axis Bank’s Sparsh Week 2025 was organized under which theme?
a) Customer First
b) Raise the Bar
c) Transform Together
d) Service with Speed
e) Building Trust
Answer: b) Raise the Bar
Explanation: Axis Bank launched Sparsh Week 2025 (Sept 1–5) with the theme Raise the Bar to strengthen customer experience, employee engagement, and leadership visibility.
6. PhonePe partnered with which NBFC to launch Loans Against Mutual Funds (LAMF)?
a) HDFC Finance
b) Bajaj Finance
c) DSP Finance
d) Tata Capital
e) ICICI Securities
Answer: c) DSP Finance
Explanation: PhonePe and DSP Finance launched LAMF, allowing investors to borrow up to ₹2 crore against mutual fund units without redeeming them.
7. Bandhan AMC’s newly SEBI-approved Arudha SIF platform is meant for:
a) Small retail depositors
b) Farmers and SHGs
c) Sophisticated investors seeking advanced strategies
d) Government employees only
e) Pension fund managers
Answer: c) Sophisticated investors seeking advanced strategies
Explanation: Arudha SIF offers equity, debt, hybrid, and derivative strategies beyond mutual funds, targeted at sophisticated investors and HNIs.
8. The combined AUM of REITs and InvITs in India crossed which milestone in 2025?
a) ₹5 lakh crore
b) ₹6 lakh crore
c) ₹7 lakh crore
d) ₹9 lakh crore
e) ₹10 lakh crore
Answer: d) ₹9 lakh crore
Explanation: According to IRA and BIA, the combined AUM of REITs & InvITs crossed ₹9 lakh crore in 9 years since their introduction in 2014.
9. Bank of Baroda’s bob Digi Udyam offers fully digital collateral-free loans for which sector?
a) Agriculture
b) Housing
c) MSMEs (Micro and Small Enterprises)
d) Renewable Energy
e) Startups only
Answer: c) MSMEs (Micro and Small Enterprises)
Explanation: bob Digi Udyam provides digital, collateral-free loans of ₹10–50 lakh to MSMEs, backed by CGTMSE, with paperless processing.
10. Sohan Lal Commodity Management (SLCM) partnered with IDBI Bank and Punjab & Sind Bank in 2025 for which service?
a) Digital crop insurance
b) Warehouse construction
c) Unified collateral management services
d) Direct farmer income transfers
e) Fertilizer distribution network
Answer: c) Unified collateral management services
Explanation: The partnership allows farmers/traders to use stored agri-produce as collateral for loans, powered by SLCM’s Agri Reach platform for real-time monitoring.
