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Daily Current Affairs
8 October, 2025
1. The theme of the People’s Plan Campaign (PPC) 2025–26 launched by the Ministry of Panchayati Raj is:
A) Gram Vikas, Bharat Unnati
B) Sabki Yojana, Sabka Vikas
C) Naya Gaon, Nayi Soch
D) Panchayat for Progress
E) Smart Panchayat 2047
Answer: B) Sabki Yojana, Sabka Vikas
Explanation: The People’s Plan Campaign (PPC) 2025–26, launched on 2nd October 2025, aims to promote participatory and transparent local governance under the theme “Sabki Yojana, Sabka Vikas.”
2. The PM-SETU scheme aims to modernize which type of institutions in India?
A) Universities
B) Industrial Training Institutes (ITIs)
C) Agricultural Colleges
D) Engineering Colleges
E) Skill Development Centres
Answer: B) Industrial Training Institutes (ITIs)
Explanation: The PM-SETU (Prime Minister’s Scheme for Empowerment through Technology Upgradation) seeks to upgrade 1,000 government ITIs across India with modern facilities and align training with global skill demands.
3. The Indian Radio Software Architecture (IRSA) Standard 1.0 was developed by which organization?
A) Indian Space Research Organisation (ISRO)
B) Ministry of Electronics and IT
C) Defence Research and Development Organisation (DRDO)
D) Bharat Electronics Limited (BEL)
E) National Informatics Centre (NIC)
Answer: C) Defence Research and Development Organisation (DRDO)
Explanation: The DRDO, along with Integrated Defence Staff and Tri-Services, developed the IRSA Standard 1.0 to modernize and standardize Software Defined Radios (SDRs) across India’s armed forces.
4. The 2025 Nobel Prize in Physics was awarded for pioneering experiments related to:
A) Black hole formation
B) Gravitational waves
C) Macroscopic quantum tunnelling
D) Nuclear fusion control
E) Quantum teleportation
Answer: C) Macroscopic quantum tunnelling
Explanation: John Clarke, Michel Devoret, and John Martinis received the 2025 Nobel Prize in Physics for demonstrating macroscopic quantum tunnelling in superconducting circuits, deepening understanding of quantum phenomena.
5. Which statement about the RBI’s stance on the Central Bank Digital Currency (CBDC) is correct?
A) RBI plans immediate mass rollout for all citizens.
B) RBI will wait and learn from other countries before expansion.
C) RBI has discontinued the CBDC pilot project.
D) CBDC will only be for government transactions.
E) RBI has merged CBDC with UPI directly.
Answer: B) RBI will wait and learn from other countries before expansion.
Explanation: RBI has decided to continue limited CBDC pilot testing and observe other nations’ experiences (like China’s Digital Yuan) before launching nationwide retail use.
6. According to the World Bank’s South Asia Development Update (Oct 2025), India’s GDP growth forecast for FY2025–26 was revised to:
A) 5.8%
B) 6.2%
C) 6.5%
D) 7.0%
E) 7.8%
Answer: C) 6.5%
Explanation: The World Bank upgraded India’s GDP growth projection for FY26 to 6.5%, citing strong domestic demand and GST rate cuts.
7. Under RBI’s proposed Basel III risk weight reforms, what is the risk weight for AAA-rated corporate entities?
A) 0%
B) 20%
C) 50%
D) 75%
E) 100%
Answer: B) 20%
Explanation: The RBI’s draft norms assign a 20% risk weight to AAA & AA-rated corporate exposures, reducing capital burden on banks for high-quality lending.
8. The RBI’s Expected Credit Loss (ECL) framework aligns Indian banking standards with which global accounting model?
A) GAAP 2020
B) IFRS 9
C) Basel IV
D) IAS 10
E) IFRS 16
Answer: B) IFRS 9
Explanation: The RBI’s ECL-based provisioning framework aligns with IFRS 9 standards, shifting from incurred-loss to forward-looking credit risk assessment.
9. The newly launched Wish Credit Card is a joint initiative between:
A) Paytm & HDFC Bank
B) PhonePe & Utkarsh Small Finance Bank
C) Google Pay & Axis Bank
D) Amazon Pay & SBI
E) PayPal & ICICI Bank
Answer: B) PhonePe & Utkarsh Small Finance Bank
Explanation: PhonePe and Utkarsh SFB launched the “Wish Credit Card” powered by Visa to promote digital-first credit access for semi-urban and first-time users.
10. What is the maximum compensation for consequential loss under the RBI Draft Ombudsman Scheme 2025?
A) â‚ą10 lakh
B) â‚ą20 lakh
C) â‚ą25 lakh
D) â‚ą30 lakh
E) â‚ą50 lakh
Answer: D) â‚ą30 lakh
Explanation: The new Ombudsman Scheme 2025 proposes compensation up to â‚ą30 lakh for consequential losses and â‚ą3 lakh for harassment or mental anguish, enhancing consumer protection.
