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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 03rd Sep 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) Recently, India Post Payments Bank (IPPB) celebrated its 8th Foundation Day (IPPB Day). Which of the following new offerings has been launched by India Post Payments Bank (IPPB)?
(a) DigiSmart Digital Savings Account
(b) Premium Aarogya Savings Account
(c) Aadhaar-based Face Authentication
(d) All of the above
(e) None of the above
2) Recently, India’s Current Account Balance slipped into a deficit of $2.4 billion (0.2% of GDP) in Q1 FY26. What was the surplus recorded in Q4 FY25?
(a) $8.6 billion (0.9% of GDP)
(b) $5.7 billion (0.5% of GDP)
(c) $13.5 billion (1.3% of GDP)
(d) $10.9 billion (1.0% of GDP)
(e) $6.2 billion (0.6% of GDP)
3) As per the report, India’s Gross Domestic Product (GDP)growth for Q1 FY 2025-26 stood at 7.8%. According to projections,
by which year is India expected to achieve a $5 trillion economy?
(a) 2025
(b) 2027
(c) 2029
(d) 2028
(e) 2030
4) Why did the Department of Posts suspend the booking of all categories of mail to the USA?
(a) Rising postage costs
(b) Trade restrictions by the USA
(c) Inability of carriers to transport U.S.-bound mail and lack of defined regulatory mechanisms
(d) Security concerns regarding international parcels
(e) Shortage of postal staff in India
5) In Sep’25, the Reserve Bank of India (RBI) recently imposed a penalty of ₹44.7 lakh on which bank for statutory and regulatory compliance deficiencies?
(a) Bandhan Bank
(b) HDFC Bank
(c) Axis Bank
(d) ICICI Bank
(e) Federal Bank
6) As per the Insurance Ombudsman Annual Report 2023-24, which insurance company received the highest number of complaints (13,308), mostly related to claim rejections?
(a) CARE Health Insurance
(b) Star Health & Allied Insurance
(c) Niva Bupa Health Insurance
(d) National Insurance Co. Ltd
(e) The New India Assurance Co. Ltd
7) During PM Narendra Modi’s Japan visit, he was presented with a Daruma Doll, a cultural symbol in Japan. The Daruma Doll is modeled after which Indian monk, regarded in Japan as Daruma Daishi?
(a) Nagarjuna
(b) Bodhidharma
(c) Adi Shankaracharya
(d) Ashvaghosha
(e) Dhammapala
8) Recently, Prime Minister Narendra Modi inaugurated Semicon India 2025 at Yashobhoomi, New Delhi. How many semiconductor projects worth $18 billion are currently underway under the Semicon India Programme?
(a) 5
(b) 7
(c) 8
(d) 10
(e) 12
9) Which authority launched Phase II of the flagship financial literacy initiative ‘Niveshak Didi’ in Hyderabad, Telangana?
(a) Reserve Bank of India (RBI)
(b) Securities and Exchange Board of India (SEBI)
(c) Investor Education and Protection Fund Authority (IEPFA)
(d) NITI Aayog
(e) Ministry of Finance
10) On the 65th Foundation Day of National Council of Educational Research and Training (NCERT), Union Education Minister Dharmendra Pradhan launched which upgraded digital platform for knowledge sharing?
(a) DIKSHA 2.0
(b) PM e-Vidya
(c) SWAYAM 2.0
(d) Vidya Samiksha Kendra
(e) Bharat Shiksha Portal
11) The 21st edition of Exercise Yudh Abhyas 2025 between India and the USA is being held at which location?
(a) Fort Bragg, North Carolina
(b) Fort Wainwright, Alaska
(c) Fort Hood, Texas
(d) Fort Irwin, California
(e) Fort Carson, Colorado
12) Where did the Indian Army conduct Exercise Yudh Kaushal 3.0 to test preparedness for next-generation warfare?
(a) Sikkim region
(b) Ladakh region
(c) Uttarakhand region
(d) Kargil sector, Jammu & Kashmir
(e) Kameng region, Arunachal Pradesh
13) Who has assumed charge as the Air Officer-in-Charge Maintenance (AOM) at Indian Air Force Headquarters on September 1, 2025?
(a) Air Marshal V.R. Chaudhari
(b) Air Marshal Sanjiv Ghuratia
(c) Air Marshal Pankaj Mohan Sinha
(d) Air Marshal S.P. Dharkar
(e) Air Marshal Raghunath Nambiar
14) Who has been appointed as the Head of Education Vertical for the India and Asia-Pacific region at OpenAI?
(a) Raghav Gupta
(b) Rishi Jaitly
(c) Leah Belsky
(d) Pragya Misra
(e) Arvind Krishna
15) Under the MoU signed between Indian Railways and State Bank of India, what is the new accidental death insurance coverage for Railway employees maintaining salary accounts with SBI?
(a) ₹30,000
(b) ₹60,000
(c) ₹1,20,000
(d) ₹1 crore
(e) ₹50 lakh
16) Which initiative of the Department of Posts (DoP) will benefit directly from the MoU signed with Environmental Systems Research Institute (ESRI) India Technologies?
(a) DakPay App
(b) Digital Pincode (DIGIPIN) portal
(c) India Post Payments Bank (IPPB)
(d) Postal Life Insurance (PLI)
(e) ePost
17) Who won the 2025 Dutch Grand Prix at Zandvoort, strengthening his lead in the Formula 1 World Championship?
(a) Max Verstappen
(b) George Russell
(c) Oscar Piastri
(d) Lando Norris
(e) Isack Hadjar
18) What is the record prize money announced by International Cricket Council (ICC) for the winners of the 2025 ICC Women’s
Cricket World Cup?
(a) USD 1.32 million (₹11.65 crore)
(b) USD 3.5 million (₹31 crore)
(c) USD 13.88 million (₹122.5 crore)
(d) USD 10 million (₹88.2 crore)
(e) USD 4.48 million (₹39.55 crore)
19) Recently Mitchell Starc announced his retirement from T20 International cricket at the age of 35. He belongs to which country?
(a) Australia
(b) England
(c) India
(d) South Africa
(e) New Zealand
20) Every year on September 3 celebrated as Skyscraper Day, to mark the birth anniversary of which architect, often called the “father of modern skyscrapers”?
(a) Frank Lloyd Wright
(b) Louis H. Sullivan
(c) Le Corbusier
(d) Philip Johnson
(e) Walter Gropius
Answers :
1) Answer: D
India Post Payments Bank (IPPB) celebrated its 8th Foundation Day (IPPB Day), highlighting its role in inclusive, accessible, and affordable banking at the last mile.
IPPB is among the largest financial inclusion initiatives globally, leveraging the reach of 1.64 lakh Post Offices and 1.90 lakh Postmen & Gramin Dak Sevaks (GDS).
The bank has over 12 crore customers, has processed billions of digital transactions, and provides doorstep banking in rural, semi-urban, and remote regions.
Its expanded services include DBT disbursements, pension payments, credit facilitation, and insurance & investment products through partnerships.
New offerings include DigiSmart (a Digital Savings Account), Premium Aarogya Savings Account (with healthcare benefits), and Aadhaar-based Face Authentication for customer convenience.
2) Answer: C
Short Explanation:
India’s Current Account Balance slipped into a deficit of $2.4 billion (0.2% of GDP) in Q1 FY26, a reversal from the surplus of $13.5 billion (1.3% of GDP) in Q4 FY25.
In Q1 FY25, the Current Account Deficit (CAD) was $8.6 billion (0.9% of GDP).
Detailed Explanation:
India’s Current Account Balance slipped into a deficit of $2.4 billion (0.2% of GDP) in Q1 FY26, a reversal from the surplus of $13.5 billion (1.3% of GDP) in Q4 FY25.
In Q1 FY25, the Current Account Deficit (CAD) was $8.6 billion (0.9% of GDP).
The services trade surplus increased to $47.9 billion in Q1 FY26 from $39.7 billion in Q1 FY25, driven by exports in computer and business services.
The merchandise trade deficit widened to $68.5 billion in Q1 FY26 compared to $63.8 billion in Q1 FY25.
Private transfer receipts (remittances) saw an 18% year-over-year increase to $33.2 billion in Q1 FY26 from $28.6 billion in Q1 FY25.
Net income outgo, which primarily includes investment payments, rose to $12.8 billion in Q1 FY26 from $10.9 billion in Q1 FY25.
FDI inflows were $5.7 billion in Q1 FY26, a decrease from $6.2 billion a year earlier.
3) Answer: B
India’s Gross Domestic Product (GDP) growth for April–June 2025 (Q1 FY 2025-26) stood at 7.8%, driven by strong services activity, beating expectations for the second consecutive quarter.
India remains the world’s fastest growing major economy; Nominal GDP grew by 8.8% in Q1 FY 2025-26.
India is currently the 4th largest economy, projected to become the 3rd largest by 2030 with a GDP of $7.3 trillion.
India is expected to achieve $5 trillion GDP by 2027, surpass Germany by 2028, and consolidate its position globally.
4) Answer: C
The Department of Posts has decided to completely suspend the booking of all categories of mail to the USA.
The suspension covers letters, documents, and gift items valued up to USD 100.
The reason for the suspension is the inability of carriers to transport U.S.-bound mail and the absence of defined regulatory mechanisms.
Customers who have already booked undelivered items can claim a refund of postage.
The Department is monitoring the situation and aims to restore services at the earliest.
5) Answer: A
The Reserve Bank of India (RBI) has imposed a penalty of ₹44.7 lakh on Bandhan Bank for statutory and regulatory compliance deficiencies.
This action was taken following supervisory findings of non-compliance with RBI directions.
The bank violated norms by paying remuneration in the form of commission to certain employees.
6) Answer: B
Short Explanation:
The Insurance Ombudsman Annual Report 2023-24 indicates that a few insurance companies received the maximum number of complaints.
Star Health & Allied Insurance topped the list with 13,308 complaints, with over 10,000 of those complaints being related to claim rejections.
Detailed Explanation:
The Insurance Ombudsman Annual Report 2023-24 indicates that a few insurance companies received the maximum number of complaints.
Star Health & Allied Insurance topped the list with 13,308 complaints, with over 10,000 of those complaints being related to claim rejections.
CARE Health had the second-highest number of complaints with 3,718, followed by Niva Bupa Health Insurance in third place with 2,511.
The only public sector insurers in the top five were National Insurance Co. Ltd (2,196) and The New India Assurance Co. Ltd (1,602).
The top three companies that received the most complaints were all stand-alone health insurers.
7) Answer: B
Short Explanation:
During Indian Prime Minister (PM) Narendra Modi’s Japan visit, Rev Seishi Hirose, Chief Priest of Daruma-ji Temple, presented him with a Daruma Doll, a significant cultural symbol in Japan.
The Daruma Doll, made of papier-mâché, is modeled after Bodhidharma, the 5th-century founder of Zen Buddhism.
Bodhidharma, an Indian monk from Kancheepuram, is known in Japan as Daruma Daishi.
Detailed Explanation:
During Indian Prime Minister (PM) Narendra Modi’s Japan visit, Rev Seishi Hirose, Chief Priest of Daruma-ji Temple, presented him with a Daruma Doll, a significant cultural symbol in Japan.
Daruma Dolls are considered lucky charms in Japan and vary in size. They are often used to set and achieve goals; the tradition is to fill in one eye when a goal is set and the other once it is accomplished.
The Daruma Doll, made of papier-mâché, is modeled after Bodhidharma, the 5th-century founder of Zen Buddhism.
Bodhidharma, an Indian monk from Kancheepuram, is known in Japan as Daruma Daishi.
Shorinzan Darumaji Temple, built in 1697 in Takasaki, Gunma, is regarded as the place of origin of Daruma.
8) Answer: D
Short Explanation:
Prime Minister ShriNarendra Modi inaugurated Semicon India 2025 at Yashobhoomi, New Delhi.
India launched Semicon India Programme in 2021; since then:
2023: first semiconductor plant approved
2024: multiple new plants approved
2025: five additional projects cleared
10 projects underway worth $18 billion (₹1.5 lakh crore)
Detailed Explanation:
Prime Minister ShriNarendra Modi inaugurated Semicon India 2025 at Yashobhoomi, New Delhi.
Event aims to catalyse India’s semiconductor ecosystem; attended by global semiconductor CEOs, start-ups, students, and delegates from 48+ countries.
India achieved 7.8% GDP growth in Q1, outperforming global estimates; growth visible across manufacturing, services, agriculture, and construction.
India launched Semicon India Programme in 2021; since then:
2023: first semiconductor plant approved
2024: multiple new plants approved
2025: five additional projects cleared
10 projects underway worth $18 billion (₹1.5 lakh crore)
9) Answer: C
Short Explanation:
The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs (MCA), launched Phase II of its flagship financial literacy initiative – ‘Niveshak Didi’ in Hyderabad, Telangana.
Detailed Explanation:
The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs (MCA), launched Phase II of its flagship financial literacy initiative – ‘Niveshak Didi’ in Hyderabad, Telangana.
The initiative aims to empower rural communities, especially women, by deepening financial awareness.
Phase II of Niveshak Didi builds on Phase I by:
Expanding outreach.
Introducing interactive training modules.
Collaborating with grassroots organizations for greater impact.
IEPFA’s Mission: To foster financial literacy and investor protection by collaborating with strategic partners, ensuring a financially resilient and aware society.
10) Answer: A
Union Education Minister Dharmendra Pradhan addressed the 65th Foundation Day of the National Council of Educational Research and Training (NCERT).
He launched several new initiatives including DIKSHA 2.0 (Digital Infrastructure for Knowledge Sharing 2.0).
A book titled ‘Utkal Jananinkara Sujogya Santana’, highlighting the life and contributions of 100 great personalities of Odisha, was released.
11) Answer: B
An Indian Army contingent has departed for Fort Wainwright, Alaska, United States of America (USA), to participate in the 21st edition of Exercise Yudh Abhyas 2025, which is scheduled from September 1 to 14, 2025.
The Indian contingent includes personnel from a battalion of the Madras Regiment.
They will train alongside the 1st Battalion, 5th Infantry Regiment “Bobcats”, which is part of the Arctic Wolves Brigade Combat Team, 11th Airborne Division (USA).
12) Answer: E
The Indian Army conducted Exercise Yudh Kaushal 3.0 in the Kameng region, Arunachal Pradesh, to test preparedness for next-generation warfare in high-altitude Himalayan conditions.
The exercise, observed by the General Officer Commanding, Gajraj Corps, involved drone surveillance, precision strikes, real-time target acquisition, air–littoral operations, and synchronized battlefield tactics.
13) Answer: B
Air Marshal Sanjiv Ghuratia AVSM VSM assumed charge as Air Officer-in-Charge Maintenance (AOM) at Indian Air Force (IAF) Headquarters on September 1, 2025.
He was commissioned into the Aeronautical Engineering stream of the IAF in September 1988.
Throughout his 37 years of distinguished service, he has held key command and staff appointments in the IAF and a UN Mission abroad.
Prior to his current role, he served as the Senior Maintenance Staff Officer at HQ Maintenance Command.
14) Answer: A
Short Explanation:
OpenAI has appointed Raghav Gupta as Head of Education Vertical for the India and Asia-Pacific region.
Detailed Explanation:
OpenAI has appointed Raghav Gupta as Head of Education Vertical for the India and Asia-Pacific region.
Gupta previously served as the Managing Director (APAC) at Coursera.
The announcement was made by Leah Belsky, VP & GM for Education at OpenAI, during a visit to New Delhi.
OpenAI is set to open its first India office later this year, signaling India’s importance as a key market.
The current OpenAI team in India includes Pragya Misra (Public Policy & Partnerships, since 2023) and Rishi Jaitly (Senior Adviser for Government engagement).
15) Answer: D
A Memorandum of Understanding (MoU) was signed between Indian Railways (IR), one of the largest rail networks in the world, and the State Bank of India (SBI), the country’s largest public sector bank.
Under the MoU, insurance coverage for Railway employees maintaining salary accounts with SBI has been significantly enhanced.
In case of accidental death, the insurance benefit has been raised to ₹1 crore, compared to the current ₹1.20 lakh, ₹60,000, and ₹30,000 for Group A, Group B, and Group C employees respectively covered under the Central Government Employees Group Insurance Scheme (CGEGIS).
16) Answer: B
Short Explanation:
The Department of Posts (DoP) signed a Memorandum of Understanding (MoU) with Environmental Systems Research Institute (ESRI) India Technologies Private Limited, a leading Geographic Information System (GIS) software and solutions provider.
Under this MoU, the Department of Posts will use ESRI India’s high-resolution imagery and street basemaps for its Digital Pincode (DIGIPIN) portal.
Detailed Explanation:
The Department of Posts (DoP) signed a Memorandum of Understanding (MoU) with Environmental Systems Research Institute (ESRI) India Technologies Private Limited, a leading Geographic Information System (GIS) software and solutions provider.
Under this MoU, the Department of Posts will use ESRI India’s high-resolution imagery and street basemaps for its Digital Pincode (DIGIPIN) portal.
The collaboration will enable the integration of the Digital Pincode (DIGIPIN) with ESRI India’s Living Atlas portal, making it accessible to the wider Geographic Information System (GIS) community.
Environmental Systems Research Institute (ESRI) India will provide technical support to the Department of Posts for seamless integration of its services with the Digital Pincode (DIGIPIN).
The partnership aims to make the Digital Pincode (DIGIPIN) system more robust, accurate, and citizen-friendly, thereby supporting efficient service delivery.
17) Answer: C
Short Explanation:
Oscar Piastri (McLaren) won the 2025 Dutch Grand Prix at Zandvoort, strengthening his lead in the Formula 1 World Championship.
Lando Norris (McLaren), who was running 2nd, suffered a late-race mechanical failure, which altered the title battle trajectory.
Detailed Explanation:
Oscar Piastri (McLaren) won the 2025 Dutch Grand Prix at Zandvoort, strengthening his lead in the Formula 1 World Championship.
Lando Norris (McLaren), who was running 2nd, suffered a late-race mechanical failure, which altered the title battle trajectory.
Top 5 Finishers:
1st – Oscar Piastri (McLaren)
2nd – Max Verstappen (Red Bull)
3rd – Isack Hadjar (Racing Bulls) – first-ever F1 podium
4th – George Russell (Mercedes)
5th – Alexander Albon (Williams) – climbed from P15 to P5
18) Answer: E
Short Explanation:
The International Cricket Council (ICC) announced that winners of the 2025 ICC Women’s Cricket World Cup will receive a record USD 4.48 million (₹39.55 crore).
Detailed Explanation:
The International Cricket Council (ICC) announced that winners of the 2025 ICC Women’s Cricket World Cup will receive a record USD 4.48 million (₹39.55 crore).
The tournament will begin on September 30, 2025, and will be co-hosted by India and Sri Lanka.
The prize pool marks the largest-ever financial reward in women’s cricket history.
In the previous edition (2022, New Zealand), winners received USD 1.32 million (₹11.65 crore), whereas in 2025 the amount increased to USD 4.48 million (₹39.55 crore).
The total prize purse has risen from USD 3.5 million (₹31 crore) in 2022 to USD 13.88 million (₹122.5 crore) in 2025, which is a 297% hike.
19) Answer: A
Short Explanation:
Mitchell Starc, Australian fast-bowling stalwart, announced his retirement from T20 International cricket at the age of 35, just months before the 2026 T20 World Cup.
Detailed Explanation:
Mitchell Starc, Australian fast-bowling stalwart, announced his retirement from T20 International cricket at the age of 35, just months before the 2026 T20 World Cup.
The decision aims to prolong his career in Test and ODI formats, where he wants to continue representing Australia at the highest level.
Starc made his T20I debut in 2012 against Pakistan and went on to play 65 matches, taking 79 wickets at an economy of 7.74.
He retires as Australia’s second-highest wicket-taker in T20Is, behind Adam Zampa.
20) Answer: B
Skyscraper Day is celebrated on September 3 every year.
Skyscrapers Day is celebrated every year on September 3, on the birth anniversary of Louis H. Sullivan, often called the ‘father of modern skyscrapers.
