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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 14th August 2025. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2025 & other competitive exams can make use of these Current Affairs Quiz.
1) According to SEBI’s proposed changes for large IPOs exceeding ₹5,000 crore, which of the following is correct?
(a) Retail investor allocation will increase from 25% to 35%
(b) Institutional buyer allocation will decrease from 60% to 50%
(c) Retail investor allocation will reduce from 35% to 25%
(d) Anchor investor framework will be abolished
(e) Direct retail participation has significantly increased over the last three years
2) As per ICICI Bank’s new rules effective from August 1, 2025, what is the minimum monthly average balance (MAB) required for a new savings account in urban branches?
(a) ₹10,000
(b) ₹25,000
(c) ₹5,000
(d) ₹50,000
(e) ₹100,000
3) As per Controller General of Accounts (CGA)data, what was the fiscal deficit of the central government at the end of June 2025 as a percentage of the full-year target?
(a) 8.4%
(b) 15.6%
(c) 17.9%
(d) 19%
(e) 4.4%
4) Recently, SEBI has proposed easing norms for Related-Party Transactions (RPTs). For a company with a turnover above ₹40,000 crore, what is the proposed threshold for transactions requiring shareholder approval?
(a) ₹1,000 crore or 10% of annual turnover
(b) ₹2,000 crore or 5% of annual turnover, whichever is lower
(c) ₹500 crore or 2.5% of annual turnover, whichever is lower
(d) ₹4,000 crore or 1% of annual turnover, whichever is lower
(e) ₹3000 crore or 2.5% of annual turnover, whichever is lower
5) What was ICICI Bank’s employee attrition rate in FY25?
(a) 24.5%
(b) 18%
(c) 20%
(d) 15%
(e) 12%
6) As of August 8, 2025, Kenya has eradicated Human African Trypanosomiasis (HAT). Which of the following statements is correct?
(a) Kenya is the first African country to eliminate HAT
(b) Kenya eliminated HAT after guinea worm disease in 2018
(c) HAT was first detected in Kenya in 2009
(d) Kenya is the 57th African country to eliminate HAT
(e) HAT is still a major public health concern in Kenya
7) The Union Cabinet approved Phase-1B of the Lucknow Metro Rail Project. How many stations will this phase cover?
(a) 5 stations
(b) 7 stations
(c) 11 stations
(d) 12 stations
(e) 34 stations
8) How many new semiconductor projects did the Union Cabinet approve under the India Semiconductor Mission (ISM), adding to the existing projects?
(a) 2
(b) 4
(c) 6
(d) 8
(e) 10
9) What is the installed capacity of the Tato-II Hydro Electric Project approved in Arunachal Pradesh?
(a) 500 MW
(b) 600 MW
(c) 400 MW
(d) 800 MW
(e) 700 MW
10) The Merchant Shipping Bill, 2025, passed by Parliament, replaces which earlier legislation?
(a) Merchant Shipping Act, 1947
(b) Merchant Shipping Act, 1958
(c) Indian Maritime Act, 1965
(d) Shipping & Ports Act, 1972
(e) Maritime Safety Act, 1980
11) As per the news, JM Financial Credit Solutions sold a 2.1% stake in JM Financial Home Loans to Bajaj Allianz Life Insurance for how much?
(a) ₹50.5 crore
(b) ₹60.5 crore
(c) ₹65.5 crore
(d) ₹70.5 crore
(e) ₹75.5 crore
12) The Unique Identification Authority of India (UIDAI) signed a five-year research and development (R&D) agreement with which institute to enhance Aadhaar operations?
(a) Indian Institute of Science (IISc)
(b) Indian Statistical Institute (ISI)
(c) Indian Institute of Technology (IIT) Delhi
(d) National Institute of Technology (NIT) Trichy
(e) Institute of Mathematical Sciences (IMSc)
13) Under the Startup India initiative, Department for Promotion of Industry and Internal Trade (DPIIT) signed an MoU with Hero MotoCorp to support startups in which areas?
(a) Agriculture and Food Processing
(b) Future of mobility, clean technology, and deep technology
(c) Textile and Handicrafts
(d) Healthcare and Pharmaceuticals
(e) Banking and FinTech
14) Which innovation challenge is Department for Promotion of Industry and Internal Trade (DPIIT) collaborating with Zepto Private Limited to support early-stage manufacturing startups?
(a) Zep Hero
(b) Zepto Nova
(c) Zen Zepto
(d) Zepto Ind
(e) TradeZep
15) Who won the gold medal in the women’s 80+ kg category for India at the Asian Under-22 Boxing Championships 2025?
(a) Yatri Patel
(b) Priya
(c) Neeraj
(d) Ritika
(e) Ishan Kataria
16) Who was named Men’s Player of the Month by ICC for July 2025?
(a) Ben Stokes
(b) Wiaan Mulder
(c) Shubman Gill
(d) Virat Kohli
(e) Rishabh Pant
17) Who was named Women’s Player of the Month by ICC for July 2025?
(a) Smriti Mandhana
(b) Sophie Ecclestone
(c) Harmanpreet Kaur
(d) Ellyse Perry
(e) Sophia Dunkley
18) Which milestone did Australian cricket star David Warner achieve during The Hundred 2025, overtaking Virat Kohli?
(a) Highest individual T20 score
(b) Fifth-highest run-scorer in T20 cricket history
(c) Fastest century in T20 cricket
(d) Most sixes in T20 cricket
(e) Most wickets in T20 cricket
19) As per the news, William H. Webster, who passed away at 101, is the only person in U.S. history to have headed which two agencies?
(a) FBI and CIA
(b) CIA and NSA
(c) FBI and NSA
(d) CIA and DEA
(e) FBI and DEA
20) What does employee attrition rate measure?
(a) The number of new employees joining a company
(b) The percentage of employees leaving an organization over a specific period
(c) The total revenue generated per employee
(d) The number of promotions within a company
(e) Employee satisfaction levels
Answers :
1) Answer: C
The Securities and Exchange Board of India (SEBI) has proposed major changes to the structure of large Initial Public Offerings (IPOs), including increasing allocation for Qualified Institutional Buyers (QIBs) and reducing the limit for retail investors.
For IPOs exceeding ₹5,000 crore:
Retail investor allocation to be reduced from 35% to 25%.
Institutional buyer allocation to be increased from 50% to 60% in a graded manner.
SEBI noted that although the average IPO size has grown, direct retail participation has remained flat over the last three years.
For anchor allocations above ₹250 crore, the number of permissible anchor investor allottees may be increased.
2) Answer: D
Short Explanation:
ICICI Bank has increased the minimum balance requirement for new savings bank accounts opened on or after August 1, 2025 by five times, from ₹10,000 to ₹50,000.
Detailed Explanation:
ICICI Bank has increased the minimum balance requirement for new savings bank accounts opened on or after August 1, 2025 by five times, from ₹10,000 to ₹50,000.
The minimum monthly average balance (MAB) for savings accounts until July 31, 2025 was ₹10,000.
MAB is the minimum balance that a customer is required to maintain in the bank account.
If the balance in the bank account falls below the required amount, then banks levy a penalty.
For semi-urban branches, the MAB has been raised to ₹25,000, and for rural branches to ₹10,000 — both representing a fivefold increase.
If account holders fail to maintain the required MAB, a penalty of 6% of the shortfall or ₹500 (whichever is lower) will be charged.
3) Answer: C
Short Explanation:
The central government’s fiscal deficit stood at 17.9% of the full-year target at the end of June 2025, as per Controller General of Accounts (CGA) data.
Detailed Explanation:
The central government’s fiscal deficit stood at 17.9% of the full-year target at the end of June 2025, as per Controller General of Accounts (CGA) data.
In absolute terms, the fiscal deficit for April–June 2025-26 was ₹2,80,732 crore.
In the same period of the previous financial year, the fiscal deficit was 8.4% of Budget Estimates (BE) 2024-25.
The Centre estimates the fiscal deficit for 2025-26 at 4.4% of GDP, equivalent to ₹15.69 lakh crore.
Net tax revenue up to June 2025 was ₹5.4 lakh crore, which is 19% of the BE 2025-26 for total receipts.
4) Answer: E
Short Explanation:
The Securities and Exchange Board of India (SEBI) has proposed easing norms for Related-Party Transactions (RPTs) by increasing the transaction limit that requires shareholder approval.
Up to ₹20,000 crore: Limit remains 10% of annual turnover.
₹20,000–40,000 crore:₹2,000 crore or 5% of annual turnover, whichever is lower.
Above ₹40,000 crore:₹3,000 crore or 2.5% of annual turnover, whichever is lower.
Detailed Explanation:
The Securities and Exchange Board of India (SEBI) has proposed easing norms for Related-Party Transactions (RPTs) by increasing the transaction limit that requires shareholder approval.
The term related-party transaction refers to a deal or arrangement made between two parties who are joined by a preexisting business relationship or common interest.
Current requirement: Transactions above ₹1,000 crore or 10% of a listed entity’s annual consolidated turnover need shareholder nod.
Up to ₹20,000 crore: Limit remains 10% of annual turnover.
₹20,000–40,000 crore:₹2,000 crore or 5% of annual turnover, whichever is lower.
Above ₹40,000 crore:₹3,000 crore or 2.5% of annual turnover, whichever is lower.
These changes aim to simplify compliance and reduce the need for shareholder approval for smaller-value RPTs.
SEBI also proposes clearer definitions, standardised RPT valuation methods, and better disclosure practices.
5) Answer: B
Short Explanation:
Attrition rate at ICICI Bank fell to 18% in FY25 from 24.5% in FY24, as per the bank’s latest Business Responsibility and Sustainability Reporting (BRSR) report.
Detailed Explanation:
ICICI Bank has reported the lowest employee attrition rate among large private sector lenders over the last three financial years, indicating higher employee retention due to competitive remuneration and a better working environment.
Employee attrition rate refers to the percentage of employees who leave an organization within a specific time period, either voluntarily or involuntarily.
It is a key metric for measuring employee turnover and provides insights into how well a company retains its workforce.
Attrition rate at ICICI Bank fell to 18% in FY25 from 24.5% in FY24, as per the bank’s latest Business Responsibility and Sustainability Reporting (BRSR) report.
6) Answer: B
Short Explanation:
Kenya has eradicated Human African Trypanosomiasis (HAT), also known as sleeping sickness, as confirmed by the World Health Organization (WHO) on August 8, 2025.
This is Kenya’s second victory over a Neglected Tropical Disease (NTD), after eliminating guinea worm disease in 2018.
Detailed Explanation:
Kenya has eradicated Human African Trypanosomiasis (HAT), also known as sleeping sickness, as confirmed by the World Health Organization (WHO) on August 8, 2025.
This is Kenya’s second victory over a Neglected Tropical Disease (NTD), after eliminating guinea worm disease in 2018.
Kenya is now the 10th African country to eliminate HAT as a public health concern, contributing to a global total of 57 countries that have achieved elimination of at least one NTD.
Kenya now joins nine African nations that include — Benin, Chad, Côte d’Ivoire, Equatorial Guinea, Ghana, Guinea, Rwanda, Togo and Uganda — in eliminating HAT as a public health problem in Africa.
HAT was first detected in Kenya in the early 20th century; with sustained control measures, no indigenous cases have been recorded since 2009.
7) Answer: D
Short Explanation:
The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved Phase-1B of the Lucknow Metro Rail Project, covering 11.165 km with 12 stations – 7 underground and 5 elevated.
Detailed Explanation:
The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved Phase-1B of the Lucknow Metro Rail Project, covering 11.165 km with 12 stations – 7 underground and 5 elevated.
On completion, Lucknow will have 34 km of operational metro rail network.
Enhanced connectivity to Old Lucknow’s commercial hubs (Aminabad, Yahiyaganj, Pandeyganj, Chowk), major healthcare facilities (King George’s Medical University), tourist spots (Bara Imambara, Chota Imambara, Bhool Bhulaiya, Clock Tower, Rumi Darwaza), and renowned food destinations.
Reduction in traffic congestion in the city’s busiest routes, leading to smoother movement, shorter travel times, and improved road safety.
Economic growth by improving access to Airport, Railway Stations, Bus Depots, boosting productivity, attracting investments, and stimulating local businesses near new stations.
8) Answer: B
Short Explanation:
The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved four new semiconductor projects under the India Semiconductor Mission (ISM), adding to the six already under execution.
Detailed Explanation:
The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved four new semiconductor projects under the India Semiconductor Mission (ISM), adding to the six already under execution.
The approved proposals are from:
SiCSemPvt. Ltd.
Continental Device India Pvt. Ltd. (CDIL)
3D Glass Solutions Inc.
Advanced System in Package (ASIP) Technologies
Total investment &employment:₹4,600 crore cumulative investment
2034 skilled direct jobs plus significant indirect employment
With these, total approved projects under ISM reach 10, with investments of ₹1.60 lakh crore in 6 states
9) Answer: E
Short Explanation:
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi approved investment of ₹8,146.21 crore for construction of the Tato-II Hydro Electric Project (HEP) in Shi Yomi District, Arunachal Pradesh.
Installed capacity: 700 MW (4 × 175 MW), producing 2738.06 MU of energy.
Detailed Explanation:
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi approved investment of ₹8,146.21 crore for construction of the Tato-II Hydro Electric Project (HEP) in Shi Yomi District, Arunachal Pradesh.
Installed capacity: 700 MW (4 × 175 MW), producing 2738.06 MU of energy.
Estimated completion period: 72 months.
Power generated will improve electricity supply in Arunachal Pradesh and contribute to balancing the national grid.
Implementation:
Joint Venture between North Eastern Electric Power Corporation Ltd. (NEEPCO) and Government of Arunachal Pradesh.
Government of India support:
₹458.79 crore for enabling infrastructure (roads, bridges, transmission lines)
₹436.13 crore as Central Financial Assistance towards state equity share
10) Answer: B
Short Explanation:
The Parliament passed the Merchant Shipping Bill, 2025 as the Rajya Sabha approved it today; the Lok Sabha had cleared the bill.
Replaces the Merchant Shipping Act, 1958 (561 sections) with a streamlined law of 16 parts and 325 clauses.
Detailed Explanation:
The Parliament passed the Merchant Shipping Bill, 2025 as the Rajya Sabha approved it today; the Lok Sabha had cleared the bill.
The legislation aims to modernise India’s maritime framework, align domestic laws with International Maritime Organisation (IMO) conventions, and prepare the maritime sector for contemporary and future challenges.
Shifts from a regulatory-heavy approach to an enabling policy environment.
Incorporates global best practices and reduces compliance burdens.
Ensures comprehensive adoption of India’s international commitments.
Boosts investor confidence, enhances safety standards, protects the marine ecosystem, and strengthens India’s position as a maritime power.
Replaces the Merchant Shipping Act, 1958 (561 sections) with a streamlined law of 16 parts and 325 clauses.
11) Answer: C
JM Financial Credit Solutions (subsidiary of JM Financial) to sell 2.1% stake in JM Financial Home Loans (JMFHLL) to Bajaj Allianz Life Insurance for ₹65.5 crore.
Post sale, JM Financial Credit’s stake in JMFHLL will reduce to 6.88% (from 8.98%), and JM Financial’s total stake (through subsidiaries) will reduce to 96.66% (from 98.76%).
JMFHLL reported ₹368.45 crore total income in FY25, contributing 8.27% to JM Financial’s consolidated income.
12) Answer: B
Short Explanation:
The Unique Identification Authority of India (UIDAI) signed an umbrella agreement with the Indian Statistical Institute (ISI) for joint research and development (R&D) aimed at enhancing the robustness, security, and reliability of Aadhaar operations through data-driven innovations.
Detailed Explanation:
The Unique Identification Authority of India (UIDAI) signed an umbrella agreement with the Indian Statistical Institute (ISI) for joint research and development (R&D) aimed at enhancing the robustness, security, and reliability of Aadhaar operations through data-driven innovations.
The agreement will be effective for five years and will cover areas such as:
Fraud and anomaly detection
Development of biometric liveness detection tools
Identification of high-risk enrolment/update categories
Improvements in biometric matching algorithms
Other mutually decided priority areas
The agreement was signed by Ms. Tanusree Deb Barma, Deputy Director General (Technology Centre), UIDAI, and Prof. B. S. Daya Sagar, Head of Indian Statistical Institute, Bengaluru Centre.
13) Answer: B
Short Explanation:
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with Hero MotoCorp Limited to support and scale early-stage startups and entrepreneurs through its innovation accelerator programme ‘Hero For Startups’.
Under the Startup India initiative, DPIIT and Hero MotoCorp will jointly support startups working in future of mobility, clean technology, and deep technology.
Detailed Explanation:
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with Hero MotoCorp Limited to support and scale early-stage startups and entrepreneurs through its innovation accelerator programme ‘Hero For Startups’.
Under the Startup India initiative, DPIIT and Hero MotoCorp will jointly support startups working in future of mobility, clean technology, and deep technology.
Support for selected startups:
Exclusive access to Hero MotoCorp’s R&D facilities in Germany and India
Access to Hero MotoCorp’s network of dealers, suppliers, and partners
Mentorship from industry experts
Opportunity to work on paid Proofs of Concept (PoCs) to enable successful pilots and gain market exposure
The partnership is expected to create new pathways for innovation-led industrial growth, aligned with Make in India, Atmanirbhar Bharat, and Viksit Bharat@2047
14) Answer: B
Short Explanation:
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with ZeptoPrivate Limited to support and scale early-stage startups in the manufacturing sector through its ‘Zepto Nova’ innovation challenge.
Detailed Explanation:
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with Zepto Private Limited to support and scale early-stage startups in the manufacturing sector through its ‘Zepto Nova’ innovation challenge.
The collaboration will run a six-month programme to discover and mentor startups developing technologies in hardware, IoT, packaging, and sustainable manufacturing, helping them progress from prototype to market-ready solutions using Zepto’s delivery and digital infrastructure.
Support provided:
Mentorship and capacity building via expert-led workshops
Startup India assistance
Special focus on women-led and Tier II/III city startups
15) Answer: D
Short Explanation:
India’s boxing contingent finished their campaign at the Asian Under-19 & Under-22 Boxing Championships 2025 in Bangkok with an impressive 27 medals.
Ritika won gold in the women’s 80+ kg category for the U22 team, ending the tournament on a high note.
Detailed Explanation:
India’s boxing contingent finished their campaign at the Asian Under-19 & Under-22 Boxing Championships 2025 in Bangkok with an impressive 27 medals.
Ritika won gold in the women’s 80+ kg category for the U22 team, ending the tournament on a high note.
Medal tally breakdown:
U19 team – 14 medals: 3 gold, 7 silver, 4 bronze; finished second overall, just behind Uzbekistan.
U22 team – 13 medals: 1 gold, 4 silver, 8 bronze; Ritika was the only gold medalist.
Notable silver medalists:
Yatri Patel – Women’s 57kg
Priya – Women’s 60kg
Neeraj – Men’s 75kg
Ishan Kataria – Men’s 90+kg
16) Answer: C
Men’s Player of the Month – Shubman Gill (India)
In his first series as India’s Test captain, Gill excelled against England in the Anderson–Tendulkar Trophy, which ended in a 2–2 draw.
He beat Ben Stokes (England) and Wiaan Mulder (South Africa) to claim the award
17) Answer: E
The International Cricket Council (ICC) has named Shubman Gill as the Men’s Player of the Month and Sophia Dunkley as the Women’s Player of the Month for July 2025, recognising their exceptional performances.
Women’s Player of the Month – Sophia Dunkley (England)
Claimed her first ICC Women’s Player of the Month award after a standout run against India.
Outperformed Sophie Ecclestone and Gaby Lewis in the nomination race.
18) Answer: B
Australian cricket star David Warner, who retired from international cricket earlier this year but continues to play in global T20 leagues, has now overtaken Virat Kohli to become the fifth-highest run-scorer in T20 cricket history.
This milestone came during London Spirit’s match against Manchester Originals in The Hundred 2025 competition in England, where Warner scored 71 runs off 51 balls, hitting 12 fours and one six at a strike rate above 139.
19) Answer: A
William H. Webster, former FBI and CIA director known for his integrity and troubleshooting skills, has passed away at the age of 101.
He Led the FBI (1978–1987) and the CIA (1987–1991) — the only person to head both agencies in U.S. history.
He was appointed FBI Director by President Jimmy Carter in 1978 to restore the bureau’s image after scandals.
20) Answer: B
Employee attrition rate refers to the percentage of employees who leave an organization within a specific time period, either voluntarily or involuntarily.
It is a key metric for measuring employee turnover and provides insights into how well a company retains its workforce
