Daily Current Affairs Quiz – 01st August 2025

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 01st 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.

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1) The Life Insurance Corporation of India (LIC) recently entered into Forward Rate Agreements (FRAs) worth $1 billion with major Wall Street banks. What is the primary purpose of LIC engaging in FRAs?

(a) To speculate on rising equity markets and maximize capital gains

(b) To lock in future bond yields and hedge against potential falling interest rates

(d) To reduce its reliance on premium income from policyholders

(e) To comply with new RBI regulations mandating derivative trading

2) The Insurance Brokers Association of India (IBAI) released a report titled ‘Leading the Path to Insurance for All: Broker of the Future’ in collaboration with McKinsey & Company. According to this report, what is the projected growth of India’s insurance sector by 2030?

(a) From ₹5 lakh crore to ₹15 lakh crore

(b) From ₹9 lakh crore to ₹20 lakh crore

(d) From ₹10 lakh crore to ₹30 lakh crore

(e) From ₹15 lakh crore to ₹40 lakh crore

3) Why did SEBI impose a ₹10 lakh fine on Rupesh Satish Dalal HUF?

(a) For insider trading in Reliance Industries shares

(b) For trading HDFC Ltd and HDFC Bank shares while possessing UPSI about their merger

(d) For manipulating derivatives markets

(e) For violating IPO subscription rules

4) Recently, the Insurance Regulatory & Development Authority of India (IRDAI) issued a master circular raising the minimum specific cover for insurance companies. For newly added Gram Panchayats in FY27, what is the minimum coverage requirement?

(a) 5% coverage

(b) 12% coverage

(d) 10% coverage

(e) No coverage required

5) What financial assistance did India announce for Maldives during PM Modi’s recent talks with President Muizzu?

(a) $1 billion grant for infrastructure projects

(b) $200 million military aid package

(d) ₹4,850 crore line of credit

(e) ₹2,500 crore humanitarian assistance

6) What was the title of the book released by Uttarakhand CM Pushkar Singh Dhami?

(a) ‘Digital Education in Modern India’

(b) ‘Sustainable Wellness of Students: A Collective Responsibility in Higher Education’

(d) ‘NEP Implementation Guidebook’

(e) ‘Skill Development for Youth Employment’

7) Which organization is hosting the National Symposium on Bhagavad Gita and Natyashastra?

(a) Indira Gandhi National Centre for the Arts (IGNCA)

(b) Sahitya Akademi

(d) National Archives of India

(e) UNESCO India Office

8) Recently, Indian Railways has successfully commissioned Kavach 4.0, an indigenously developed Automatic Train Protection (ATP) system, on the Mathura–Kota section of the high-density Delhi–Mumbai route. Which organization approved the Kavach system in July 2024?

(a) Indian Space Research Organisation (ISRO)

(b) Research Designs & Standards Organisation (RDSO)

(d) Defence Research and Development Organisation (DRDO)

(e) Central Electronics Limited

9) What is the total financial outlay for the Semicon India Programme?

(a) ₹10,000 crore

(b) ₹25,000 crore

(d) ₹76,000 crore

(e) ₹1,00,000 crore

10) Who chaired the high-level review meeting for the preparation of the 20th installment of the PM-Kisan scheme?

(a) Narendra Singh Tomar

(b) Amit Shah

(d) Nirmala Sitharaman

(e) Shivraj Singh Chouhan

11) What is the maximum duration for which President’s Rule can be approved at one time under the Constitution?

(a) 3 months

(b) 6 months

(d) 2 years

(e) No time limit

12) What position did Lt Gen NS Raja Subramani hold before his retirement?

(a) Chief of Army Staff

(b) Vice Chief of the Army Staff

(d) Commandant of National Defence Academy

(e) GOC-in-C of Northern Command

13) What is the acquisition amount for Rio Money by Zaggle?

(a) ₹22 crore

(b) ₹20 crore

(d) ₹75 crore

(e) ₹100 crore

14) As per the Competition Commission of India (CCI), approved French auto major Renault Group’s proposal to acquire the remaining 51% stake in its Indian joint venture, Renault Nissan Automotive India Private Limited (RNAIPL), from Nissan Motor Company and its overseas arm. Where is RNAIPL’s manufacturing plant located?

(a) Pune

(b) Chennai

(d) Ahmedabad

(e) Bengaluru

15) Which platforms is India Post integrating with to enhance its services?

(a) Amazon and Flipkart

(b) ONDC and GeM

(d) NPCI and DigiLocker

(e) MyGov and UMANG

16) Recently, SIMBEX symbolizes the strong and enduring maritime partnership between the Indian Navy and the Republic of Singapore Navy (RSN). Which Indian vision is SIMBEX aligned with?

(a) SAGAR

(b) NAVARATNA

(d) JALADHARMA

(e) MAHASAGAR

17) As per the news, India has developed its first scientifically bio-authenticated monofloral lavender honey, a significant achievement in apiculture and floriculture sectors.Where was this honey developed?

(a) Pulwama, Jammu & Kashmir

(b) Palampur, Himachal Pradesh

(d) Dehradun, Uttarakhand

(e) Pune, Maharashtra

18) Which financial company partnered with Andhra Pradesh for this tourism initiative?

(a) Visa

(b) MasterCard

(d) PayPal

(e) RuPay

19) Recently, India and the United Arab Emirates (UAE) have signed a key Memorandum of Understanding (MoU) in New Delhi to strengthen bilateral maritime cooperation. This agreement is India’s ______ maritime MoU with friendly foreign countries.

(a) 5^th

(b) 7^th

(d) 12^th

(e) 15^th

20) Recently, Padma Shri Awardee T N Manoharan Passed Away. What position did T N Manoharan hold in 2006-07?

(a) Chairman of SEBI

(b) President of ICAI

(d) Chairman of IRDAI

(e) Finance Secretary

21) India has developed its first scientifically bio-authenticated lavender honey, a significant achievement in the apiculture and floriculture sectors. What type of honey is this classified as?

(a) Multifloral

(b) Monofloral

(d) Organic

(e) Manuka

22) Under which section of the Companies Act was the Insurance Brokers Association of India (IBAI) incorporated?

(a) Section 25

(b) Section 12

(d) Section 185

(e) Section 377

23) When was MasterCard founded?

(a) 1 January 1970

(b) 3 November 1966

(d) 9 December 1980

(e) 22 July 1975

24) When is World Wide Web Day observed annually?

(a) July 31^st

(b) August 1^st

(d) March 12^th

(e) December 25^th

25) Every year during the first week of August(August 1 to 7) was celebrated as Breastfeeding week. What is the theme for World Breastfeeding Week 2025?

(a) “Breastfeeding: Foundation of Life”

(b) “Support Breastfeeding for a Healthier Planet”

(d) “Step Up for Breastfeeding”

(e) “Empower Parents, Enable Breastfeeding”

Answers :

1) Answer: B

Short Explanation:

The Life Insurance Corporation of India (LIC) has entered into Forward Rate Agreements (FRAs) worth $1 billion with major Wall Street banks, including JPMorgan Chase & Co. and Bank of America Corp.

Through FRAs, LIC can lock in future bond yields to protect its income from potential falling interest rates.

Detailed Explanation:

In November (of the previous year, presumably 2024), LIC announced plans to enter the bond derivatives market and began with a few small trades earlier in the year (2025).

Recently, LIC has increased its activity, accounting for 38% of the total $2.6 billion in FRA volumes since May (2025).

Through FRAs, LIC can lock in future bond yields to protect its income from potential falling interest rates.

In a Forward Rate Agreement, LIC agrees to buy bonds at a fixed price in the future, while the bank bears the risk of price changes and earns a premium.

2) Answer: C

Short Explanation:

Insurance Brokers Association of India (IBAI) celebrated its 24th Foundation Day and released a report titled ‘Leading the Path to Insurance for All: Broker of the Future’.

The report was launched in Mumbai by Shri C.P. Radhakrishnan, Governor of Maharashtra.

The report was prepared in collaboration with McKinsey & Company as the knowledge partner.

It projects that India’s insurance sector could grow from ₹11 lakh crore in 2024 to ₹25 lakh crore by 2030.

Detailed Explanation:

Insurance Brokers Association of India (IBAI) celebrated its 24th Foundation Day and released a report titled ‘Leading the Path to Insurance for All: Broker of the Future’.

The report was launched in Mumbai by Shri C.P. Radhakrishnan, Governor of Maharashtra.

The report was prepared in collaboration with McKinsey & Company as the knowledge partner.

It projects that India’s insurance sector could grow from ₹11 lakh crore in 2024 to ₹25 lakh crore by 2030.

Insurance penetration is expected to rise from 3.7% to 5%, approaching the global average of 6.8%, based on a survey of 2,500 retail and 100 institutional customers.

Despite being the world’s 4th largest economy, India’s insurance penetration is lower than developed economies.

Life insurance coverage: Only 1 in 2 Indians (aged above 18) has life insurance; 2 in 5 have health insurance. If government schemes are excluded, health insurance coverage drops to 1 in 4.

3) Answer: B

Short Explanation:

Market regulator Securities and Exchange Board of India (SEBI) fined ₹10 lakh on Rupesh Satish Dalal HUF for trading while in possession of Unpublished Price Sensitive Information (UPSI) related to the HDFC Ltd and HDFC Bank merger.

The trades occurred on April 1, 2022, just days before the merger announcement on April 4, 2022.

Rupesh Satish Dalal is the karta of the HUF.

Detailed Explanation:

The trades occurred on April 1, 2022, just days before the merger announcement on April 4, 2022.

Rupesh Satish Dalal is the karta of the HUF.

UPSI was received through Dalal’s son, who had regular contact with an insider from Deloitte Touche Tohmatsu India LLP, the valuer for the merger.

The insider and Dalal’s son were long-time friends and exchanged several calls, including a meeting on March 31, 2022, a day before the trades.

Rupesh Satish Dalal HUF bought multiple call option contracts of HDFC Ltd and HDFC Bank on April 1, 2022, while holding the UPSI.

The HUF exited all positions on April 4, 2022, the day the merger was publicly announced.

4) Answer: D

Insurance Regulatory & Development Authority of India (IRDAI) issued a master circular raising minimum specific cover for insurance companies.

The obligations cover rural, social, and motor third-party (TP) categories for FY26 and FY27.

For life, general, and standalone health insurers, coverage requirements under individual/group policies in Gram Panchayats are:

15% coverage in 25,000 Gram Panchayats allocated in FY26.

Increase to 50,000 Gram Panchayats in FY27 with:

25% coverage for Gram Panchayats allocated in FY26.

10% coverage for newly added Gram Panchayats in FY27.

For motor third-party (TP) obligations, the minimum increase in insured vehicles over the previous year is based on market share categories:

5) Answer: D

Short Explanation:

Prime Minister Narendra Modi announced a ₹4,850 crore (approximately $565 million) line of credit to Maldives following talks with President Mohamed Muizzu

India and Maldives agreed to initiate negotiations on a bilateral Free Trade Agreement (FTA) to boost trade

India agreed to reduce annual debt repayments by 40% owed by Maldives, aiding the island nation’s economic situation.

Detailed Explanation:

Prime Minister Narendra Modi announced a ₹4,850 crore (approximately $565 million) line of credit to Maldives following talks with President Mohamed Muizzu

India and Maldives agreed to initiate negotiations on a bilateral Free Trade Agreement (FTA) to boost trade

India agreed to reduce annual debt repayments by 40% owed by Maldives, aiding the island nation’s economic situation.

On the 60th anniversary (July 25, 2025) of India-Maldives diplomatic relations, the leaders jointly released commemorative stamps.

The stamps feature:

The Indian boat Uru — a large wooden dhow handcrafted in Beypore, Kerala.

The traditional Maldivian fishing boat Vadhu Dhoni, used for reef and coastal fishing, represents Maldives’s maritime heritage

India was among the first countries to establish diplomatic ties with Maldives after its independence in 1965

6) Answer: B

Short Explanation:

Uttarakhand Chief Minister Pushkar Singh Dhami released the book titled ‘Sustainable Wellness of Students: A Collective Responsibility in Higher Education’ at an event held in the Chief Minister’s residence auditorium.

The release was aimed at highlighting the importance of student welfare in higher educational institutions.

Detailed Explanation:

The release was aimed at highlighting the importance of student welfare in higher educational institutions.

Focus on Student Psychology:The Chief Minister emphasized that universities and higher educational institutions must adopt strategies considering the psychological challenges faced by students, ensuring their overall well-being.

Call for Hindi Version:Appreciating the initiative, the CM proposed that a Hindi translation of the book should also be published for wider accessibility.

First State to Implement NEP:Uttarakhand, under the guidance of Prime Minister Narendra Modi, became the first state to implement the National Education Policy (NEP). The policy focuses on quality education, skill development, and student welfare.

7) Answer: A

Short Explanation:

The Indira Gandhi National Centre for the Arts (IGNCA) will organize a two-day National Symposium titled ‘Timeless Texts and Universal Teachings: Inscription of Bhagavad Gita and Natyashastra in the UNESCO Memory of the World International Register’ in New Delhi.

Detailed Explanation:

The event commemorates the inscription of two foundational Indian texts—the Bhagavad Gita and Natyashastra—into the UNESCO Memory of the World International Register, marking their universal cultural value and continued relevance in global discourse.

To celebrate the UNESCO inscription of Bhagavad Gita and Natyashastra, and promote their timeless wisdom as living texts that hold significance in contemporary global discussions.

Organizer:Hosted by the Indira Gandhi National Centre for the Arts (IGNCA) under the Ministry of Culture, Government of India.

8) Answer: B

Short Explanation:

Indian Railways has successfully commissioned Kavach 4.0, an indigenously developed Automatic Train Protection (ATP) system, on the Mathura–Kota section of the high-density Delhi–Mumbai route.

The system was approved by the Research Designs & Standards Organisation (RDSO) in July 2024. According to Railway Minister Ashwini Vaishnaw, while other nations took 20–30 years to implement such systems, India has achieved it in a short timeframe, marking a significant achievement.

Detailed Explanation:

This marks a significant step in the modernization of railway safety in India and supports the vision of ‘Atmanirbhar Bharat’.

Kavach 4.0 is a technology-intensive safety system that ensures train and passenger protection, preventing collisions and aiding loco pilots with speed regulation and emergency braking.

No advanced international-standard train protection systems were installed in India for 60 years post-independence. Kavach is now being actively operationalised to bridge this safety gap.

9) Answer: D

Short Explanation:

The Government of India has launched the ‘Semicon India Programme’ with a total outlay of ₹76,000 crore to develop a semiconductor and display manufacturing ecosystem.

Detailed Explanation:

The Government of India has launched the ‘Semicon India Programme’ with a total outlay of ₹76,000 crore to develop a semiconductor and display manufacturing ecosystem.

As part of this initiative, the ‘Design Linked Incentive (DLI) Scheme’ was introduced with an outlay of ₹1,000 crore to support domestic semiconductor design by startups, MSMEs, and companies.

DLI Scheme launched in December 2021 to address high entry barriers, long timelines, and global competition in semiconductor design and commercialization.

Design Infrastructure Support:

Access to Electronic Design Automation (EDA) tools and Intellectual Property (IP) cores to support early prototyping of semiconductor designs.

Financial Incentives:

Up to 50% of eligible costs, capped at ₹15 crore per application, for design prototyping, scaling-up, and production.

Incentives of 6% to 4% of net sales turnover over 5 years, capped at ₹30 crore per application, for deployment and commercialization of chip products.

10) Answer: E

Short Explanation:

The Government will release the 20th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme on August 2, 2025, in a national event led by Prime Minister Narendra Modi in Varanasi.

A high-level review meeting was held under the chairmanship of Union Agriculture and Farmers’ Welfare Minister Shri Shivraj Singh Chouhan to ensure maximum outreach and preparation.

Detailed Explanation:

A high-level review meeting was held under the chairmanship of Union Agriculture and Farmers’ Welfare Minister Shri Shivraj Singh Chouhan to ensure maximum outreach and preparation.

PM-Kisan provides ₹6,000 per year to farmers, delivered in three equal installments of ₹2,000 every four months through Direct Benefit Transfer (DBT).

The upcoming installment will transfer ₹20,500 crore to 9.7 crore farmers, taking the total disbursed amount since the scheme’s launch in 2019 to ₹3.69 lakh crore across 19 installments.

The review meeting saw virtual participation from 731 Krishi Vigyan Kendras (KVKs), ICAR, and agricultural universities across the country.

KVKs were directed to act as key facilitators, helping connect farmers from national to village levels. The event will be organised as a nationwide campaign.

Minister Shivraj Singh Chouhan instructed KVKs to treat the programme as both a festival and a mission, ensuring public awareness and DBT benefit to every eligible farmer.

11) Answer: B

Short Explanation:

The Lok Sabha has approved the extension of President’s Rule in Manipur for another six months beyond August 13, 2025, following a statutory resolution passed in the House.

It was initially approved by Parliament on April 2, 2025, for a six-month term, as required under the Constitution.

Detailed Explanation:

The Lok Sabha has approved the extension of President’s Rule in Manipur for another six months beyond August 13, 2025, following a statutory resolution passed in the House.

The move reflects the Centre’s commitment to restoring peace and maintaining law and order in the state, which has witnessed ethnic tensions in recent times.

President’s Rule was first imposed on February 13, 2025, due to a breakdown in law and order.

It was initially approved by Parliament on April 2, 2025, for a six-month term, as required under the Constitution.

The latest extension ensures central control till February 2026, as each approval is constitutionally valid for only six months.

12) Answer: B

Lieutenant General NS Raja Subramani has superannuated, concluding an illustrious military career spanning 39 years.

He also relinquished the appointment of Vice Chief of the Army Staff (VCOAS).

His military journey began at the National Defence Academy (NDA) and he was commissioned into The Garhwal Rifles in December 1985.

He holds a Master of Arts degree from King’s College, London, and an M.Phil. in Defence Studies from the University of Madras.

He held various command, staff, and instructional roles across different operational and terrain environments.

13) Answer: A

Short Explanation:

Zaggle Prepaid Ocean Services Limited, one of India’s leading spend management companies, is set to acquire a 100% stake in fintech startup Rio Money for Rs 22 crore.

Detailed Explanation:

Zaggle Prepaid Ocean Services Limited, one of India’s leading spend management companies, is set to acquire a 100% stake in fintech startup Rio Money for Rs 22 crore.

With this acquisition, Zaggle plans to foray into the consumer credit card space via UPI.

Rio Money, founded in 2023 by Riya Bhattacharya and Vivek Amarnani, is a fintech company offering equated monthly instalments (EMIs) through credit payments on QR codes via UPI.

This service is enabled through the co-branded Yes Bank-Rio RuPay Credit Card, launched in partnership with Yes Bank and the National Payments Corporation of India (NPCI) in November 2024.

Earlier in June 2025 this year, Zaggle had acquired a 100% stake in Pune-based enterprise spend management platform Dice and golf loyalty and travel solutions provider GreenEdge for a combined Rs 150 crore.

14) Answer: B

Short Explanation:

The Competition Commission of India (CCI) approved French auto major Renault Group’s proposal to acquire the remaining 51% stake in its Indian joint venture, Renault Nissan Automotive India Private Limited (RNAIPL), from Nissan Motor Company and its overseas arm.

Post-acquisition, Renault Group B.V. and Renault S.A.S. will hold 100% ownership of RNAIPL.

RNAIPL operates the Renault-Nissan alliance’s Chennai production plant, manufacturing cars for both Renault and Nissan brands.

Detailed Explanation:

Post-acquisition, Renault Group B.V. and Renault S.A.S. will hold 100% ownership of RNAIPL.

RNAIPL operates the Renault-Nissan alliance’s Chennai production plant, manufacturing cars for both Renault and Nissan brands.

The acquisition includes equity shares and fully paid zero-coupon non-convertible redeemable preference shares held by Nissan.

Despite selling its stake, Nissan will continue to source vehicles from RNAIPL for both domestic sales and exports.

15) Answer: B

Short Explanation:

India Post is working to integrate its services with Open Network for Digital Commerce (ONDC) and Government e-Marketplace (GeM) to enhance accessibility and compete with third-party logistics companies.

This information was shared during a review meeting with Minister of State for Communications Pemmasani Chandra Sekhar.

Detailed Explanation:

This information was shared during a review meeting with Minister of State for Communications Pemmasani Chandra Sekhar.

The integration will enable features such as wallet-based prepaid bookings, centralised order tracking, and automated reconciliation with ONDC’s accounting systems.

The project is part of the IT 2.0 framework, a technology-driven transformation of India Post.

Currently, over 86,000 post offices use the new application; by August 4, 2025, all ~165,000 post offices will migrate to the new platform.

Upgrades include real-time track and trace, customised services for bulk customers, electronic proof of delivery, OTP-based authentication, digital payments, and open API integration.

16) Answer: E

SIMBEX symbolizes the strong and enduring maritime partnership between the Indian Navy and the Republic of Singapore Navy (RSN).

The exercise began with the Harbour Phase, including:Subject Matter Expert Exchanges (SMEEs)– Professional interactions – Operational-level discussions – Deck familiarisation visits onboard RSN Vigilant and RSN Supreme.

These activities promote professional synergy and strategic trust, aligned with India’s ‘MAHASAGAR’ vision and Act East Policy, emphasizing engagement with neighbouring countries.

Day 2 features the Opening Ceremony and a pre-sail conference discussing the sea phase.

17) Answer: A

Short Explanation:

India has developed its first scientifically bio-authenticated monofloral lavender honey, a significant achievement in apiculture and floriculture sectors.

The innovation was led by CSIR–Indian Institute of Integrative Medicine (CSIR-IIIM) at its Field Station in Pulwama, Jammu and Kashmir.

Detailed Explanation:

India has developed its first scientifically bio-authenticated monofloral lavender honey, a significant achievement in apiculture and floriculture sectors.

The innovation was led by CSIR–Indian Institute of Integrative Medicine (CSIR-IIIM) at its Field Station in Pulwama, Jammu and Kashmir.

This development is expected to enhance functional foods, promote sustainable agriculture, and support rural enterprise.

The honey was developed under the Council of Scientific and Industrial Research’s (CSIR) Floriculture Mission.

It is positioned as a science-backed, market-ready product with export potential.

This marks the first time in India a honey product has undergone comprehensive scientific authentication.

18) Answer: B

Short Explanation:

The Andhra Pradesh Tourism Department, in partnership with MasterCard, organized a strategic workshop at its office in Vijayawada to strengthen the state’s appeal as a leading global tourist destination.

Detailed Explanation:

The workshop aimed to design immersive and world-class tourism experiences, specifically curated for MasterCard holders and international travellers.

The session concentrated on developing innovative tourism circuits, enhancing branding strategies, and improving digital outreach, with an overarching goal of turning ordinary visits into enriching and globally competitive tourism experiences.

The initiative is being driven under the guidance of Chief Minister N. Chandrababu Naidu, Tourism Minister Kandula Durgesh, and Special Chief Secretary Ajay Jain.

APTDC Managing Director Amrapali Kata reiterated the commitment to making Andhra Pradesh a top tourism hub in South Asia.

A major outcome of the session was the proposal to develop a new tourism tagline and thematic brand identity for Andhra Pradesh.

The new brand is expected to be launched on World Tourism Day in September, leveraging MasterCard’s global marketing expertise and digital integration capabilities.

19) Answer: C

Short Explanation:

India and the United Arab Emirates (UAE) have signed a key Memorandum of Understanding (MoU) in New Delhi to strengthen bilateral maritime cooperation.

This is the 10th MoU signed by India with Coast Guard agencies of Friendly Foreign Countries (FFCs), reflecting India’s focus on expanding maritime security partnerships.

Detailed Explanation:

India and the United Arab Emirates (UAE) have signed a key Memorandum of Understanding (MoU) in New Delhi to strengthen bilateral maritime cooperation.

The agreement was signed between the Indian Coast Guard (ICG) and the UAE National Guard Command to promote a safe, secure, and sustainable maritime environment in the region.

The MoU aims to boost collaboration in critical areas such as:

Maritime Search and Rescue (M-SAR)

Combating transnational maritime crimes

Maritime Law Enforcement (MLE)

Marine Pollution Response (MPR)

Capacity-building through training and joint operations

This is the 10th MoU signed by India with Coast Guard agencies of Friendly Foreign Countries (FFCs), reflecting India’s focus on expanding maritime security partnerships.

20) Answer: B

T N Manoharan was the former President of the Institute of Chartered Accountants of India (ICAI) from 2006-07 passed away on July 30, 2025, in Mumbai, Maharashtra.

Manoharan served as Chairman of the Accounting Research Foundation (ICAI) and the National Committee on Accounting Standards of the Confederation of Indian Industry (CII).

He was a member of the Board of Insurance Regulatory and Development Authority (IRDAI) during 2006-07.

21) Answer: B

India has developed its first scientifically bio-authenticated monofloral lavender honey, a significant achievement in apiculture and floriculture sectors.

The innovation was led by CSIR–Indian Institute of Integrative Medicine (CSIR-IIIM) at its Field Station in Pulwama, Jammu and Kashmir.

This development is expected to enhance functional foods, promote sustainable agriculture, and support rural enterprise.

The honey was developed under the Council of Scientific and Industrial Research’s (CSIR) Floriculture Mission.

22) Answer: A

About Insurance Brokers Association of India :

IBAI is the officially recognized association of all licensed insurance brokers in India, incorporated under Section 25 of the Companies Act, 1956.

Headquarters : Mumbai, Maharashtra

President : Sumit Shantilal Bohra

IBAI is an Indian trade association and regulatory body for insurance brokers in India.

All licensed insurance brokers in India must be members of the IBAI Insurance Broker Regulations.

23) Answer: B

About MasterCard

Headquarters: New York, United States

CEO: Michael Miebach

CTO: Ed McLaughlin

CFO: Sachin Mehra, Martina Hund-Mejean

Founded: 3 November 1966, United States

Founders: Wells Fargo, Crocker National Bank, Bank of California, First Interstate Bancorp

24) Answer: B

World Wide Web Day is observed all over the world on August 1st each year dedicated to web browsing, the online activity that brings the whole world to your fingertips, and places a wealth of knowledge at your feet.

In 1989, Sir Tim Berners-Lee invented the World Wide Web,

On 1st August 1989, is World Wide Web Day, marking the invention by Tim Berners-Lee of an internet-based communication system that changed the world.

25) Answer: C

Breastfeeding week is celebrated every year during the first week of August(August 1 to 7).

World Breastfeeding Week is an annual celebration that is observed in more than 120 countries.

World Breastfeeding Week 2025 aims to highlight the importance of breastfeeding which can bring the health and welfare of babies, and children.

The theme for World Breastfeeding Week 2025 is “Prioritise Breastfeeding: Create Sustainable Support Systems.”

This post was last modified on August 2, 2025 2:16 pm

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Daily Current Affairs Quiz – 01st August 2025

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