Daily Current Affairs Quiz – 09th August 2025

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 09th 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) Recently in August 2025, AU Small Finance Bank received in-principle approval from RBI to transition into a ________________

(a) Payments Bank

(b) Universal Bank

(d) Regional Rural Bank

(e) Cooperative Bank

2) How many Technical Members were appointed to the GST Appellate Tribunal (GSTAT)?

(a) 25

(b) 30

(d) 33

(e) 40

3) What is the name of the new term insurance plan launched by Tata AIA Life Insurance for women?

(a) Nari Shakti

(b) Shubh Aarambh

(d) Mahila Suraksha

(e) Stree Raksha

4) What is the main purpose of the RBI’s draft circular?

(a) To increase bank interest rates

(b) To simplify claim settlement process for deceased customers

(d) To regulate digital payments

(e) To merge public sector banks

5) When will the RBI’s Co-Lending Arrangements (CLA) Directions, 2025 become effective?

(a) December 1, 2025

(b) January 1, 2026

(d) July 1, 2026

(e) October 1, 2026

6) Who headed the RBI’s Internal Working Group (IWG) on Liquidity Management Framework?

(a) Governor Shaktikanta Das

(b) Deputy Governor Michael Patra

(d) Executive Director M. Rajeshwar Rao

(e) Chief Economic Advisor V. Anantha Nageswaran

7) The Reserve Bank of India (RBI) released the results of the July 2025 round of the Urban Consumer Confidence Survey (UCCS). How much did the Future Expectations Index (FEI) increase from May to July 2025?

(a) 0.9 points

(b) 1.1 points

(d) 1.3 points

(e) 2.0 points

8) What is the name of Kotak Mahindra Bank’s new exclusive program for affluent customers?

(a) Solitaire

(b) Imperia

(d) Infinity

(e) Elite

9) Which organization has urged banks to accelerate SWIFT ISO 20022 implementation?

(a) Reserve Bank of India (RBI)

(b) Securities and Exchange Board of India (SEBI)

(d) National Payments Corporation of India (NPCI)

(e) Ministry of Finance

10) What was the record low price discovered in the Solar Energy Corporation of India (SECI) Green Ammonia auction?

(a) ₹45.50/kg

(b) ₹50.25/kg

(d) ₹60.00/kg

(e) ₹55.75/kg

11) In a historic development, Parliament passed two landmark maritime bills are the Merchant Shipping Bill, 2025 in the Lok Sabha and the Carriage of Goods by Sea Bill, 2025 in the Rajya Sabha marking the first-ever such legislative milestone for the Ministry of Ports, Shipping and Waterways (MoPSW). How many parts does the new Merchant Shipping Bill, 2025 contain?

(a) 10

(b) 12

(d) 16

(e) 18

12) Who launched the book on carbon footprint assessment in the handloom sector?

(a) Smriti Irani

(b) Piyush Goyal

(d) Narendra Modi

(e) Dharmendra Pradhan

13) Recently, the Ministry of Development of North Eastern Region approved ₹45.31 Crore Mangoldoi–Mazikuchi Road Project in Assam under the North East Special Infrastructure Development Scheme (NESIDS). What is the total length of the approved road project?

(a) 10 km

(b) 15 km

(d) 25 km

(e) 30 km

14) What is the total amount of Central Assistance approved for Chhattisgarh under the Road Connectivity Project for Left Wing Extremism Affected Areas (RCPLWEA)for 2025-26?

(a) ₹150 crore

(b) ₹175 crore

(d) ₹195 crore

(e) ₹200 crore

15) Which of the following announcements was made by Donald Trump, the President of the United States, following Apple’s $600 billion investment in the US?

(a) A plan to reduce tariffs on foreign-made semiconductors by 50%

(b) A plan to impose a 25% tariff on imported automobiles

(d) A plan to increase subsidies for domestic semiconductor manufacturers

(e) A plan to ban the import of foreign-made semiconductors entirely

16) Who has been appointed as the new President and MD of Airbus India and South Asia?

(a) Remi Maillard

(b) Christian Scherer

(d) Guillaume Faury

(e) Jurgen Westermeier

17) Which Indian institution signed the MoU with Ethiopia’s Ministry of Education?

(a) IIT Delhi

(b) IIT Bombay

(d) IIT Gandhinagar

(e) IIT Kharagpur

18) Where was the 11th Session of the India-Russia Working Group on Modernization held?

(a) Mumbai

(b) New Delhi

(d) Bengaluru

(e) Moscow

19) According to Counterpoint Research, what is Bengaluru’s rank in the 2025 Global AI City Index?

(a) 26^th

(b) 15^th

(d) 10^th

(e) 50^th

20) Which two significant events are commemorated on August 9?

(a) Earth Day & Hiroshima Day

(b) International Day of World’s Indigenous Peoples & Nagasaki Day

(d) UN Day & Tokyo Bombing Day

(e) Human Rights Day & Fukushima Day

Answers :

1) Answer: B

Short Explanation:

AU Small Finance Bank (AU SFB) becomes the first SFB to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank after more than 11 years.

Detailed Explanation:

AU SFB is the largest small finance bank in India, holding ₹2.40 trillion in total business and a 40% market share among all SFBs.

AU’s loan book grew from ₹13,413 crore (FY18) to ₹1.09 trillion, and deposits increased from ₹7,923 crore to ₹1.24 trillion.

The RBI laid out voluntary transition norms in April 2024, and AU applied in September 2024.

Other SFBs that have also applied:

Ujjivan SFB

Jana SFB

(Applications are still under review.)

AU was one of the first 10 entities to receive SFB licences in 2015 and began operations in 2017. Unlike others, AU was not a microfinance institution.

2) Answer: D

Short Explanation:

The Government appointed 33 Technical Members to the GST Appellate Tribunal (GSTAT) to operationalise it and bring certainty among GST assessees.

Detailed Explanation:

The Government appointed 33 Technical Members to the GST Appellate Tribunal (GSTAT) to operationalise it and bring certainty among GST assessees.

Venu Prasad (IAS) and Anil Kumar Gupta (IRS) appointed as Technical Members (State) for the Principal Bench in New Delhi.

The remaining 31 Members posted to State Benches.

Tenure of members: 4 years or till age 67, whichever is earlier.

Monthly salary of members: ₹2.25 lakh.

Justice (Retd.) Sanjaya Kumar Mishra was appointed earlier as first President of GSTAT by a Search-cum-Selection Committee headed by the Chief Justice of India (CJI).

3) Answer: C

Short Explanation:

Tata AIA Life Insurance launched a new term insurance plan named “Shubh Shakti”, exclusively designed for women.

The plan provides life cover and benefits tailored to women’s financial and health needs.

Launch aligned with increasing female workforce participation, which reached 41.7% in FY24.

Detailed Explanation:

Tata AIA Life Insurance launched a new term insurance plan named “Shubh Shakti”, exclusively designed for women.

The plan provides life cover and benefits tailored to women’s financial and health needs.

Launch aligned with increasing female workforce participation, which reached 41.7% in FY24.

A Tata AIA survey revealed that 89% of married women depend on husbands for financial planning.Key Features of Shubh Shakti Plan:

15% lower premiums for women.

1% lifetime discount for single mothers.

Two 12-month premium breaks allowed after childbirth.

Offers women-specific health services like:

PCOD support

IVF counselling

Vaccinations

Annual health checkups

4) Answer: B

Short Explanation:

On August 6, 2025, the Reserve Bank of India (RBI) released a draft circular titled ‘RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025’.

Detailed Explanation:

On August 6, 2025, the Reserve Bank of India (RBI) released a draft circular titled ‘RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025’.

Announced in the Statement on Developmental and Regulatory Policies, this draft aims to review and simplify the existing claim settlement process.

The nomination facility under Sections 45ZA to ZF of the Banking Regulation Act, 1949 (including Section 56) covers:

Deposit accounts

Safe deposit lockers

Articles in safe custody

The purpose is to ease the process for family members after the customer’s death.

5) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) issued the Co-Lending Arrangements (CLA) Directions, 2025, to be effective from January 1, 2026.

Detailed Explanation:

The Reserve Bank of India (RBI) issued the Co-Lending Arrangements (CLA) Directions, 2025, to be effective from January 1, 2026.

These directions apply to co-lending between:

Scheduled Commercial Banks(excluding RRBs, SFBs, LABs)

All India Financial Institutions (AIFIs)

Non-Banking Financial Companies (NBFCs) including Housing Finance Companies (HFCs)

A Co-Lending Arrangement (CLA) is a joint lending model between two regulated entities (REs), where they share credit risk and revenue in a pre-agreed ratio.

These Directions cover both priority and non-priority sector loans.

Excludes: Consortium lending, multiple banking, and syndicated lending arrangements.

6) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) had formed an Internal Working Group (IWG) to review the Liquidity Management Framework (LMF) implemented since February 2020.

The 7-member IWG was headed by Deputy Governor Poonam Gupta.

The objective of liquidity management operations is to align the operating target (WACR) with the policy repo rate.

Detailed Explanation:

The Reserve Bank of India (RBI) had formed an Internal Working Group (IWG) to review the Liquidity Management Framework (LMF) implemented since February 2020.

The 7-member IWG was headed by Deputy Governor Poonam Gupta.

The objective of liquidity management operations is to align the operating target (WACR) with the policy repo rate.

Continue using Weighted Average Call Rate (WACR) as the operating target of monetary policy.

Phase out the 14-day Variable Rate Repo (VRR) and Variable Rate Reverse Repo (VRRR) as main liquidity tools.

Replace them with:

7-day repo/reverse repo operations

Or other instruments with tenors ranging from overnight to 14 days, depending on RBI’s assessment.

7) Answer: D

The Reserve Bank of India (RBI) released the results of the July 2025 round of the Urban Consumer Confidence Survey (UCCS).

The survey showed a marginal improvement in urban household sentiment.

Survey Details

Conducted bi-monthly between July 1–12, 2025.

Covered 5,592 respondents across 19 major cities.

Consumer Indices

Current Situation Index (CSI):

Increased to 96.5 in July from 95.4 in May

A rise of 1.1 points

Future Expectations Index (FEI):

Rose to 124.7 in July from 123.4 in May

A gain of 1.3 points

Both CSI and FEI are based on household responses to five key parameters:

General economic situation

Employment

Income

Price levels

Spending patterns

8) Answer: A

Kotak Mahindra Bank has launched ‘Solitaire’, an exclusive, invitation-only programme targeting affluent customers.

Eligibility:

Salaried individuals with a relationship value of ₹75 lakh.

Self-employed individuals with ₹1 crore relationship value.

Benefits offered:

₹8 crore in pre-approved credit lines across home loans, personal loans, and credit cards.

9) Answer: C

Short Explanation:

The Indian Banks’ Association (IBA) has urged banks to accelerate implementation of SWIFT ISO 20022 norms to avoid disruptions in cross-border payments

Detailed Explanation:

The Indian Banks’ Association (IBA) has urged banks to accelerate implementation of SWIFT ISO 20022 norms to avoid disruptions in cross-border payments

Banks must start the migration by August 2025 to allow a buffer period for monitoring ISO 20022 transaction volumes.

ISO 20022 is a global standard for financial messaging, promoting structured and richer data in transactions.

It uses XML syntax, which enhances efficiency, and improves compliance and fraud prevention.

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is replacing the older MT messages with MX messages.

10) Answer: E

Short Explanation:

In a landmark milestone for the National Green Hydrogen Mission, the first-ever auction by the Solar Energy Corporation of India (SECI) for Green Ammonia procurement under the SIGHT Scheme (Mode-2A) has set a record low price discovery of ₹55.75/kg.

Detailed Explanation:

Procurement Details:

Supply of 75,000 metric tonnes per annum (MTPA) of Green Ammonia to Paradeep Phosphates Limited, Odisha.

First in a series of 13 planned auctions over the next month.

Part of a tender aggregating a total procurement capacity of 7.24 lakh MTPA.

11) Answer: D

In a historic development, Parliament passed twolandmark maritime bills — the Merchant Shipping Bill, 2025 in the Lok Sabha and the Carriage of Goods by Sea Bill, 2025 in the Rajya Sabha — marking the first-ever such legislative milestone for the Ministry of Ports, Shipping and Waterways (MoPSW).

These legislations pave the way for a modern, efficient, and globally aligned maritime policy framework in India.

Replaces the outdated Merchant Shipping Act, 1958 which had 561 sections and had become bulky, fragmented, and outdated.

Introduced by Union Minister Shri Sarbananda Sonowal in the Lok Sabha.

Contains 16 Parts and 325 clauses aligning with International Maritime Organization (IMO) conventions and global best practices.

12) Answer: C

Short Explanation:

Union Minister of Textiles, Shri Giriraj Singh officially launched the book titled “Carbon Footprint Assessment in the Indian Handloom Sector: Methods and Case Studies”, jointly prepared by the Office of Development Commissioner for Handlooms, Ministry of Textiles, and the Department of Textiles & Fibre Engineering, IIT Delhi.

Detailed Explanation:

This document reinforces the Government of India’s commitment to environment-conscious handloom production and sustainable development by offering practical methodologies to measure and reduce the carbon footprint of the handloom industry—a vital socio-economic sector and a symbol of India’s cultural heritage.

Engages over 35 lakh persons, including over 25 lakh female weavers and allied workers, making it a significant source of women’s economic empowerment.

Represents one of the richest and most vibrant aspects of Indian cultural heritage.

13) Answer: B

Short Explanation:

In a bid to boost road infrastructure in the Northeast region, the Ministry of Development of North Eastern Region (MDoNER) approved a project for the construction of Mangoldoi–Mazikuchi road from KM 11+000 to KM 26+200 in Assam, having a length of 15 kms and costing ₹45.31 crore.

Detailed Explanation:

The project will be implemented under the North East Special Infrastructure Development Scheme (NESIDS) – Roads.

Direct Link Between Districts: The road will serve as the direct link between the Darrang District Headquarters of Mangaldoi and Udalguri District Subdivision Headquarters Bhergaon.

Reduced Distance: The project will reduce the distance between Mangaldoi and Bhergaon by 7.2 kilometers.

Improved Educational Access: The road will improve accessibility to 7 educational institutions, including Deomornoi College.

Tourist Connectivity: The road will improve connectivity to important tourist places such as Pathurighat Krishak Shahid Memorial, Khotora Satra, Historical Lakhimpur Pukhuri, and RamgaonPukhuri.

14) Answer: D

Short Explanation:

The Government of India has approved ₹195 crore as Central Assistance to Chhattisgarh for 2025–26 under the Road Connectivity Project for Left Wing Extremism Affected Areas (RCPLWEA), aimed at boosting rural infrastructure and connectivity in conflict-affected regions.

Detailed Explanation:

Funding Mechanism: Sanction issued under the Ministry of Finance’s “Just-in-Time” fund release mechanism through the Single Nodal Agency (SNA) SPARSH model for Centrally Sponsored Schemes (CSS).

Fund Allocation:

₹190.6125 crore under the Programme Fund.

₹4.3875 crore under the Administrative Fund.

Purpose: To support construction, upgradation, and maintenance of rural roads and related infrastructure in remote, forested, and LWE-affected areas of Chhattisgarh.

Implementation Advisory: The Ministry of Rural Development has urged the State Government to expedite utilisation of the sanctioned funds in compliance with scheme guidelines.

15) Answer: C

Short Explanation:

Donald Trump, President of the United States, announced a plan to impose a 100% tariff on foreign-made semiconductors.

The announcement followed Apple’s $600 billion investment in the US.

Detailed Explanation:

Donald Trump, President of the United States, announced a plan to impose a 100% tariff on foreign-made semiconductors.

Exemptions will apply to companies that have invested in the United States, even if they are not yet producing.

The announcement followed Apple’s $600 billion investment in the US.

Trump previously told CNBC he would unveil the tariff “within the next week.”

Specific details about the implementation timeline of the tariff remain unclear.

Taiwan’s TSMC (world’s largest chipmaker) will be exempt due to its existing US investments.

In March, TSMC announced plans to increase its US investment to $165 billion, expanding facilities in Arizona.

South Korea’s Samsung and SK Hynix will also be exempt as they have invested in Texas and Indiana.

16) Answer: E

Jurgen Westermeier has been appointed as the President and Managing Director of Airbus India and South Asia, effective from September 1, 2025.

He is currently Executive Vice-President and Chief Procurement Officer at Airbus, a position held since 2020.

Westermeier will succeedRemi Maillard, who becomes Executive Vice-President Engineering for Commercial Aircraft and Head of Technology at Airbus.

17) Answer: D

The Indian Institute of Technology Gandhinagar (IITGN) and the Ministry of Education, Federal Democratic Republic of Ethiopia have signed an MoU to jointly offer the Multidisciplinary International Quality Improvement Doctoral Degree Program (MIQMDDP), aimed at strengthening academic collaboration through joint doctoral research, academic exchange, and co-supervision.

To enable Ethiopian scholars to pursue PhDs with mentorship and resources from both IITGN and Ethiopian institutions.

To promote India–Ethiopia academic collaboration in multidisciplinary research.

Signed at IIT Gandhinagar by Prof Rajat Moona, Director, IITGN.

18) Answer: B

Short Explanation:

The 11th Session of the India-Russia Working Group on Modernization and Industrial Cooperation was held at Vanijya Bhawan, New Delhi, under the framework of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation.

Detailed Explanation:

India: Co-chaired by Shri Amardeep Singh Bhatia, Secretary, DPIIT, Ministry of Commerce & Industry.

Russia: Co-chaired by H.E. Mr. Alexey Gruzdev, Deputy Minister of Industry & Trade of the Russian Federation.

Review & Progress:

Reviewed developments since the 10th session.

Received updates from sub-groups on modernization, mining, fertilizers, and railway transport.

Discussed emerging areas of collaboration.

19) Answer: A

Short Explanation:

Bengaluru has secured the 26th position in the 2025 global Artificial Intelligence (AI) City Index, emerging as India’s leading AI research and development hub as well as a major data centre powerhouse, according to a report by market research firm Counterpoint Research.

The report identifies Bengaluru alongside Riyadh, Hangzhou, and São Paulo as some of the fastest-growing AI cities globally.

Detailed Explanation:

The report identifies Bengaluru alongside Riyadh, Hangzhou, and São Paulo as some of the fastest-growing AI cities globally.

Top Indian AI City: Bengaluru ranked first in India in AI R&D and data centre infrastructure, followed by Mumbai, Delhi, Chennai, and Kolkata in the national standings.

Startup & Investment Magnet: The city’s vibrant startup ecosystem has attracted significant foreign investment, driving innovation across AI-powered sectors such as healthcare, fintech, robotics, and smart mobility.

AI Use in Other Indian Cities:

Mumbai & Delhi: Leveraging AI for traffic management and public safety, with potential to rise in global rankings.

Need for Policy Support: Report notes Indian cities would benefit from a clearer AI roadmap and robust regulatory environment to accelerate growth.

20) Answer: B

International Day of World’s Indigenous people day is observed annually on August 9.

Nagasaki Day is observed on August 9 every year.

This post was last modified on August 11, 2025 11:59 am

4 months ago

Daily Current Affairs Quiz – 09th August 2025

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