Daily Current Affairs Quiz – 15th August 2025

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 15th 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) What is the key change in RBI’s Cheque Truncation System (CTS) under the new continuous clearing system?

(a) Physical movement of cheques to clearing houses will replace digital processing

(b) Banks will process cheques only twice daily in fixed batches

(d) CTS will be abolished, mandating digital payments for all transactions

(e) RBI will directly handle all cheque clearances instead of banks

2) Under which section of the RBI Act, 1934, were the CoRs of 16 NBFCs originally cancelled?

(a) Section 45-I

(b) Section 35A

(d) Section 58G

(e) Section 80

3) According to the report, the Reserve Bank of India outlines 7 Guiding Principles for AI Adoption in the Financial Sector. Which of the following is NOT one of the 7 foundational principles (sutras) recommended by the committee?

(a) Trust is the Foundation

(b) Accountability

(d) Profit Maximization

(e) Safety, Resilience and Sustainability

4) What was the total amount written off by PSBs as bad loans in the last five financial years?

(a) ₹3.45 lakh crore

(b) ₹5.82 lakh crore

(d) ₹9.27 lakh crore

(e) ₹10.63 lakh crore

5) What new Kisan Credit Card (KCC) loan limit was announced in the FY26 budget?

(a) ₹1 lakh to ₹3 lakh

(b) ₹3 lakh to ₹5 lakh

(d) ₹7 lakh to ₹10 lakh

(e) No change in limit

6) What is the name of Punjab & Sind Bank’s new initiative for women’s empowerment?

(a) PSB Mahila Shakti

(b) PSB Naari Shakti

(d) PSB Stree Shakti

(e) PSB Sakhi Yojana

7) What is India’s current solar PV module manufacturing capacity under the Approved List of Models and Manufacturers (ALMM)?

(a) 50 GW

(b) 100 GW

(d) 150 GW

(e) 175 GW

8) Who unveiled the official logo of Bharat Steel along with its event brochure and official website at Vigyan Bhawan, New Delhi?

(a) Nitin Gadkari

(b) Piyush Goyal

(d) Dharmendra Pradhan

(e) Arjun Munda

9) As of recent news, After Six Centuries, Krasheninnikov Volcano erupts in Kamchatka, Russia. Which warning was issued for aviation due to the eruption?

(a) Red Alert

(b) Green Advisory

(d) Blue Notice

(e) Orange Warning

10) Where were the newly discovered ancient stone tools found?

(a) Soppeng region of Sulawesi

(b) Luzon Island

(d) Java Island

(e) Sumatra

11) Which protein has been found to potentially exhibit intelligence-like behavior?

(a) p53

(b) TAK1 kinase

(d) AMPK

(e) NF-κB

12) Which organization has been selected to establish India’s first fully indigenous commercial earth observation satellite constellation?

(a) ISRO

(b) Pixxel-Space India-led consortium

(d) Larsen & Toubro Space

(e) OneWeb India

13) Which organization signed an MoU with MY Bharat for youth leadership development?

(a) School of Ultimate Leadership Foundation (SOUL)

(b) National Skill Development Corporation

(d) Indian Youth Congress

(e) National Service Scheme

14) Which two institutions recently signed India’s first MoU to integrate science and culture on a unified platform?

(a) IGNCA, New Delhi & BSIP, Lucknow

(b) IGNCA, New Delhi & ISRO, Bengaluru

(d) NITI Aayog, New Delhi & IGNCA, New Delhi

(e) Ministry of Culture & Ministry of Science and Technology

15) Recently, India signed an MoU with which country to promote trade between cooperatives of both nations?

(a) Kenya

(b) Zambia

(d) Indonesia

(e) Tanzania

16) Recently, GIFT City signed an MoU with which university to boost education, research, and innovation in International Financial Services Centres (IFSC) and fintech?

(a) Gujarat University

(b) Gujarat Technological University

(d) Sardar Patel University

(e) Pandit Deendayal Energy University

17) Which year is India bidding to host the Commonwealth Games, as recently approved by the Indian Olympic Association?

(a) 2026

(b) 2028

(d) 2030

(e) 2034

18) On which date is Independence Day observed in India every year?

(a) 26 January

(b) 2 October

(d) 15 August

(e) 1 July

19) Who is the current MD & CEO of Punjab & Sind Bank?

(a) Atul Kumar Goel

(b) Swarup Kumar Saha

(d) A. Manimekhalai

(e) Dinesh Kumar Khara

20) Who is the author of *”The Man Who Fed India”*, a biography of M.S. Swaminathan?

(a) K. S. Sivaraman

(b) Priyambada Jayakumar

(d) Vandana Shiva

(e) Harish Damodaran

Answers :

1) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) will transition the Cheque Truncation System (CTS) from batch processing to continuous clearing with settlement on realisation.

The transition will happen in two phases:

Phase 1:October 4, 2025

Phase 2:January 3, 2026

All banks must make their customers aware of the changes and be ready to participate in continuous clearing on the above dates.

Detailed Explanation:

The Reserve Bank of India (RBI) will transition the Cheque Truncation System (CTS) from batch processing to continuous clearing with settlement on realisation.

The transition will happen in two phases:

Phase 1:October 4, 2025

Phase 2:January 3, 2026

All banks must make their customers aware of the changes and be ready to participate in continuous clearing on the above dates.

There will be a single presentation session from 10:00 AM to 4:00 PM.

Cheques received by branches will be scanned and sent immediately and continuously to the clearing house.

The clearing house will release cheque images to drawee banks continuously.

The confirmation session will run from 10:00 AM to 7:00 PM.

For each cheque presented, the drawee bank will generate:

Positive confirmation – for honoured cheques

Negative confirmation – for dishonoured cheques

2) Answer: A

The Reserve Bank of India (RBI) has restored the Certificate of Registration (CoR) of two NBFCs:

Shabros Fin-Vest Private Limited

Alpine Finlease Limited

The restoration followed favorable orders from the Appellate Authority and relevant courts.

The RBI cancelled CoRs of 16 NBFCs under Section 45-I of the RBI Act, 1934, prohibiting them from NBFC-related activities.

3) Answer: D

Short Explanation:

A committee set up by the Reserve Bank of India (RBI) has submitted a report on a framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the financial sector.

The committee recommended a forward-looking approach with 7 foundational principles (sutras) and 26 actionable recommendations under six strategic pillars.

The 7 sutras are: Trust is the Foundation, People First, Innovation over Restraint, Fairness and Equity, Accountability, Understandable by Design and Safety, Resilience and Sustainability.

Detailed Explanation:

The framework aims to guide the use of AI to harness its potential while safeguarding against risks.

The committee recommended a forward-looking approach with 7 foundational principles (sutras) and 26 actionable recommendations under six strategic pillars.

The six strategic pillars are split into two categories:

Innovation Enablement:Infrastructure, Policy, and Capacity.

Risk Mitigation:Governance, Protection, and Assurance.

4) Answer: B

Short Explanation:

Public Sector Banks (PSBs) wrote off about ₹5.82 lakh crore in bad loans over the last five financial years.

In 2024-25, PSB loan write-offs stood at ₹91,260 crore, lower than ₹1.15 lakh crore in the previous year.

Detailed Explanation:

Public Sector Banks (PSBs) wrote off about ₹5.82 lakh crore in bad loans over the last five financial years.

In 2024-25, PSB loan write-offs stood at ₹91,260 crore, lower than ₹1.15 lakh crore in the previous year.

The highest write-off was in 2020-21 at ₹1.33 lakh crore, followed by ₹1.16 lakh crore (2021-22) and ₹1.27 lakh crore (2022-23).

Recoveries by PSBs in the last five years were about ₹1.65 lakh crore, which is 28% of the total write-offs.

As per RBI guidelines, banks write off NPAs (Non-Performing Assets) after 4 years if fully provisioned, with approval from the banks’ Boards.

Write-offs do not waive borrower liabilities—borrowers remain liable, and banks continue recovery actions despite the write-off.

5) Answer: B

Short Explanation:

The number of Kisan Credit Card (KCC) accounts in public sector banks decreased by 1.8% year-on-year to 22.5 million in FY25.

In the FY26 budget, Finance Minister Nirmala Sitharaman announced an increase in the KCC loan limit for farmers from ₹3 lakh to ₹5 lakh.

Detailed Explanation:

The number of Kisan Credit Card (KCC) accounts in public sector banks decreased by 1.8% year-on-year to 22.5 million in FY25.

Despite the decline in the number of accounts, the outstanding loan amount increased by 2.2% to ₹41,300 crore.

The KCC scheme, introduced in 1998, provides short-term crop loans to farmers and those in allied activities at a benchmark interest rate of 9%.

To incentivize timely repayment, farmers are offered a 3% prompt repayment incentive.

In the FY26 budget, Finance Minister Nirmala Sitharaman announced an increase in the KCC loan limit for farmers from ₹3 lakh to ₹5 lakh.

The minister stated that KCCs facilitate short-term loans for 77 million farmers, fishermen, and dairy farmers.

6) Answer: B

Short Explanation:

Punjab & Sind Bank (PSB) launched “PSB Naari Shakti”, a savings account initiative to empower women with financial and health benefits.

Detailed Explanation:

Punjab & Sind Bank (PSB) launched “PSB Naari Shakti”, a savings account initiative to empower women with financial and health benefits.

The scheme has two variants – PSB Pink and PSB Smile, offering exclusive advantages.

Health coverage includes:

Cancer cover up to ₹10 lakh

Group accidental insurance up to ₹20 lakh

The Beneficiaries get free annual preventive health checkups and tele-consultation services for regular health management.

It Provides a complimentary Platinum Rupay debit card for digital transactions.

7) Answer: B

Short Explanation:

India has reached a historic milestone of 100 GW solar PV module manufacturing capacity enlisted under the Approved List of Models and Manufacturers (ALMM).

This marks a remarkable rise from just 2.3 GW in 2014, reflecting rapid progress in building a self-reliant solar manufacturing ecosystem aligned with Atmanirbhar Bharat and the global clean energy transition.

Detailed Explanation:

India has reached a historic milestone of 100 GW solar PV module manufacturing capacity enlisted under the Approved List of Models and Manufacturers (ALMM).

Union Minister of New and Renewable Energy, Shri Pralhad Joshi highlighted that this achievement is driven by Prime Minister Shri Narendra Modi’s leadership and transformative policies like the Production Linked Incentive (PLI) Scheme for High-Efficiency Solar Modules.

The milestone strengthens India’s path towards 500 GW non-fossil fuel capacity by 2030.

Government initiatives:

PLI Scheme for High-Efficiency Solar PV Modules.

Level playing field measures for domestic manufacturers.

Policy interventions have led to capacity growth from 2.3 GW in 2014 to 100 GW in 2025.

8) Answer: C

Short Explanation:

Union Minister of Steel and Heavy Industries, Shri H.D. Kumaraswamy, unveiled the official logo of Bharat Steel at Vigyan Bhawan, New Delhi, along with the event brochure and official website.

Bharat Steel is the Ministry of Steel’s flagship international conference-cum-exhibition on the steel ecosystem.

The event will be held on 16–17 April 2026 at Bharat Mandapam, New Delhi.

Detailed Explanation:

Secretary (Steel) Shri Sandeep Poundrik and senior officials of the Ministry of Steel were present during the launch.

The unveiling took place during a workshop for the secondary steel sector, highlighting the Government’s commitment to growth, innovation, and sustainability in the steel value chain.

Bharat Steel is the Ministry of Steel’s flagship international conference-cum-exhibition on the steel ecosystem.

The event will be held on 16–17 April 2026 at Bharat Mandapam, New Delhi.

It will bring together global industry leaders, policymakers, technology providers, and investors to:

Showcase India’s capabilities in the steel sector.

Promote green and sustainable steelmaking.

Explore opportunities in domestic and international markets.

9) Answer: E

Short Explanation:

Krasheninnikov Volcano, located on the Kamchatka Peninsula, Russia, erupted for the first time in recorded history after ≈600 years.

The eruption sent ash clouds up to 4 km above sea level.

Authorities issued an Orange Aviation Warning due to risk to aircraft.

Detailed Explanation:

Krasheninnikov Volcano, located on the Kamchatka Peninsula, Russia, erupted for the first time in recorded history after ≈600 years.

The eruption sent ash clouds up to 4 km above sea level.

Authorities issued an Orange Aviation Warning due to risk to aircraft.

The eruption is possibly linked to a recent 8.7 magnitude earthquake and aftershocks, which also led to tsunami warnings.

The volcano’s last known eruption occurred around 1463.

Ash plume moved eastward toward the Pacific Ocean, with no populated areas at risk.

The volcano lies 200 km north of Petropavlovsk-Kamchatsky and is under close observation.

10) Answer: A

Short Explanation:

A team of Australian and Indonesian archaeologists discovered stone tools in the Soppeng region on Indonesia’s Sulawesi island.

The tools, found alongside animal teeth, were dated to up to 1.48 million years ago, making them the earliest known evidence of humans in the Wallacea region.

Detailed Explanation:

A team of Australian and Indonesian archaeologists discovered stone tools in the Soppeng region on Indonesia’s Sulawesi island.

The tools, found alongside animal teeth, were dated to up to 1.48 million years ago, making them the earliest known evidence of humans in the Wallacea region.

This discovery pushes back the timeline for human presence in the region by nearly 500,000 years, as the earliest humans (Homo Erectus) were previously thought to have settled on Flores and Luzon islands around 1.02 million years ago.

The findings suggest that Homo Erectus may have been capable of more advanced sea travel than previously believed, which could change theories on early human migration.

The archaeologist quoted, Adam Brumm, is from Griffith University in Queensland, Australia.

11) Answer: B

Short Explanation:

Bose Institute researchers, led by Prof. Shubhra Ghosh Dastidar, have discovered that the protein TAK1 kinase may exhibit rudimentary intelligence-like behavior.

TAK1 kinase is crucial for immune response, cellular stress signaling, inflammation, and survival.

Detailed Explanation:

Bose Institute researchers, led by Prof. Shubhra Ghosh Dastidar, have discovered that the protein TAK1 kinase may exhibit rudimentary intelligence-like behavior.

TAK1 kinase is crucial for immune response, cellular stress signaling, inflammation, and survival.

The research, published in the Journal of Chemical Information and Modeling, suggests that the protein’s three-dimensional folding and atom-to-atom interactions create internal circuits that allow it to process signals and respond in a context-dependent manner.

This work extends the traditional biochemical principle of “sequence-structure-function” to a new paradigm: “sequence-structure-function-intelligence” for certain molecules.

12) Answer: B

Short Explanation:

The Indian National Space Promotion and Authorisation Centre (IN-SPACE) has selected the Pixxel-Space India-led consortium to set up India’s first fully indigenous commercial earth observation (EO) satellite constellation.

This project is being implemented under a Public-Private Partnership (PPP) model.

Detailed Explanation:

This project is being implemented under a Public-Private Partnership (PPP) model.

The consortium is based in Bengaluru and includes Piersight Space, Satsure Analytics India, and Dhruva Space.

The private consortium will invest over ₹1,200 crore over five years to launch a constellation of 12 state-of-the-art EO satellites.

These satellites will provide Analysis Ready Data (ARD) and Value-Added Services (VAS) for various applications, including climate change monitoring, disaster management, agriculture, marine surveillance, and national security.

The initiative aims to reduce India’s reliance on foreign satellite data and ensure data sovereignty.

13) Answer: A

Short Explanation:

Detailed Explanation:

MY Bharat (Department of Youth Affairs, Ministry of Youth Affairs & Sports) signed an MoU with the School of Ultimate Leadership Foundation (SOUL) to collaborate on knowledge sharing, capacity building, and youth leadership development.

The partnership aims to create 1,00,000 youth leaders aged 18–29 years from across India through joint programs in governance, public policy, social entrepreneurship, digital literacy, financial literacy, and other domains.

The MoU will remain valid for three years and can be extended with mutual consent.

14) Answer: A

Short Explanation:

The Indira Gandhi National Centre for the Arts (IGNCA), New Delhi, and the Birbal Sahni Institute of Palaeosciences (BSIP), Lucknow, signed a Memorandum of Understanding (MoU) at IGNCA, New Delhi; an orientation programme for the eleven PG Diploma courses conducted by IGNCA was held on the occasion.

Detailed Explanation:

Chief Guest:Prof. Mahesh G. Thakkar, Director, BSIP; present were Dr. Sachchidanand Joshi (Member Secretary, IGNCA), Prof. Pratapanand Jha (Dean, Academics), Prof. Arun Bhardawaj (In-charge Academic Unit), and other division heads and deans.

The MoU is described as India’s first initiative to integrate science and culture on a unified platform, aimed at showcasing the nation’s scientific and cultural achievements to domestic and international audiences.

15) Answer: B

Short Explanation:

The Memorandum of Understanding (MoU) between India and Zambia was signed to promote trade between cooperatives of both countries.

Cooperation Minister Amit Shah informed the Lok Sabha that the ministry is focusing on developing India’s cooperative export network with the help of Indian missions abroad.

Detailed Explanation:

The Memorandum of Understanding (MoU) between India and Zambia was signed to promote trade between cooperatives of both countries.

Cooperation Minister Amit Shah informed the Lok Sabha that the ministry is focusing on developing India’s cooperative export network with the help of Indian missions abroad.

Missions are supplying market information to National Cooperative Exports Ltd. (NCEL) and establishing contacts with importers in targeted countries.

NCEL has also signed trade cooperation agreements with:

NCEL signed MoUs with Senegal-based Sinton Vantage Trading and Indonesia-based PT Sinton Surini Nusantara.

These aim to develop cooperative trade links in different regions and product segments.

16) Answer: B

Gujarat International Finance Tec-City (GIFT City) has signed a Memorandum of Understanding (MoU) with Gujarat Technological University (GTU) to enhance education, research, and innovationin International Financial Services Centres (IFSC) and fintech.

Designing specialized academic courses, certification programs, and training modules tailored to emerging trends in international finance and financial technology.

Establishing a Centre of Excellence as a hub for academic research, innovation, and industry engagement related to GIFT IFSC and the global fintech ecosystem.

17) Answer: D

Short Explanation:

Indian Olympic Association (IOA) has formally approved India’s bid to host the Commonwealth Games (CWG) 2030 during its Special General Meeting in Delhi.

India will now submit its final bid proposal by 31st August 2025.

2030 marks 20 years since India hosted the Games for the first and only time in New Delhi (2010).

Besides India, Nigeria and two other countries had shown interest.

Canada withdrew from the race in June 2025.

Detailed Explanation:

Indian Olympic Association (IOA) has formally approved India’s bid to host the Commonwealth Games (CWG) 2030 during its Special General Meeting in Delhi.

India will now submit its final bid proposal by 31st August 2025.

2030 marks 20 years since India hosted the Games for the first and only time in New Delhi (2010).

Besides India, Nigeria and two other countries had shown interest.

Canada withdrew from the race in June 2025.

A Commonwealth Sport delegation, led by Director of Games Darren Hall, visited Ahmedabad to inspect venues and meet Gujarat government officials.

Final host nation will be announced in the last week of November 2025 at the General Assembly of Commonwealth Sport in Glasgow.

India Hosted CWG in New Delhi 2010 – 101 medals (38 gold, 27 silver, 36 bronze), India’s best-ever performance, finishing 2nd in medal tally.Second-best haul – 69 medals (30 gold) at Manchester 2002.CWG 2022 (Birmingham, UK) – 61 medals (22 gold, 16 silver, 23 bronze).

18) Answer: D

Every year Independence Day in India is observed on the 15th of August.

On this Independence Day in India 2025-day people across India commemorate the country’s independence from 190 years of British colonial rule in India.

During World War I, Mohandas Karamchand Gandhi was the leader of the Indian Independence Movement.

On August 14, 1947, Jawaharlal Nehru, the first Prime Minister of India conveyed an iconic speech “Tryst with Destiny”. After this speech at midnight, India officially declared free from British rule and turned into an independent nation on August 15, 1947.

19) Answer: B

About Punjab & Sind Bank :

Founded : 24 June 1908

Headquarters : New Delhi, India

MD &CEO : Swarup Kumar Saha

20) Answer: B

The Man Who Fed India by Priyambada Jayakumar is a biography of M.S. Swaminathan, the father of India’s Green Revolution, released to mark his birth centenary.

The book highlights Swaminathan’s scientific achievements, Gandhian humility, and unwavering commitment to food security, portraying him as a visionary who transformed India’s agricultural landscape.

Swaminathan’s work not only secured India’s sovereignty from famine but also benefited millions globally, especially in Southeast Asia and Africa.

Published by HarperCollins, the book is described as a heartfelt and vivid account of Swaminathan’s life, achievements, and enduring impact on food security worldwide.

This post was last modified on August 15, 2025 7:58 pm

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Daily Current Affairs Quiz – 15th August 2025

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