Daily Current Affairs Quiz – 19th April 2025

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 19th April 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 (Apr 2025), Which bank’s Viability Rating was retained at ‘BB’ by Fitch ratings?

(a) ICICI Bank

(b) State Bank of India

(d) Axis Bank

(e) Kotak Mahindra Bank

2) What is Fitch Ratings’ revised estimate for India’s GDP growth in the current financial year (FY 2025–26)?

(a) 6.5%

(b) 6.3%

(d) 6.4%

(e) 6.6%

3) What is the total amount of funds approved for raising by IDFC First Bank?

(a) ₹5,000 crore

(b) ₹6,500 crore

(d) ₹8,000 crore

(e) ₹7,000 crore

4) Which bank had the highest number of UPI transaction failures among large banks in FY25?

(a) ICICI Bank

(b) HDFC Bank

(d) Axis Bank

(e) State Bank of India (SBI)

5) Recently, the Reserve Bank of India, Financial Intelligence Unit-India (FIU-IND) signed a Memorandum of Understanding to Bolster Anti-Money Laundering Efforts. Who signed the MoU on behalf of the Financial Intelligence Unit-India (FIU-IND)?

(a) R.L.K. Rao

(b) Shaktikanta Das

(d) Vivek Aggarwal

(e) Rajiv Mishra

6) Which of the following banks received the highest monetary penalty from RBI as per the recent update?

(a) Punjab National Bank

(b) IDFC First Bank

(d) HDFC Bank

(e) ICICI Bank

7) Recently, the Finance Minister Sitharaman Hails Bombay Stock Exchange’s 150-Year Legacy, Launches BSE 150 Index. What is the daily order processing value at BSE as highlighted during the event?

(a) ₹500 crore

(b) ₹1,000 crore

(d) ₹1,500 crore

(e) ₹2,000 crore

8) According to the UNCTAD report, what is India’s projected GDP growth rate for 2025?

(a) 6.5%

(b) 6.3%

(d) 6.2%

(e) 6.1%

9) Who is the current Director-General of the World Trade Organization (WTO)?

(a) Christine Lagarde

(b) Kristalina Georgieva

(d) Gita Gopinath

(e) Ursula von der Leyen

10) What is the new name of the Digital Lenders Association of India (DLAI)?

(a) Fintech India Association

(b) Unified Fintech Forum (UFF)

(d) Indian Fintech Network

(e) Indian Digital Lenders Forum

11) Who features in L&T Finance Ltd.’s new television commercial for its business loan product?

(a) Virat Kohli

(b) Rohit Sharma

(d) MS Dhoni

(e) Shikhar Dhawan

12) Where is India’s first Athlete Passport Management Unit (APMU) located?

(a) Mumbai

(b) Bengaluru

(d) Chennai

(e) Kolkata

13) Where was the world’s first Emissions Trading Scheme (ETS) for particulate matter launched?

(a) Mumbai, Maharashtra

(b) Surat, Gujarat

(d) Kolkata, West Bengal

(e) Bengaluru, Karnataka

14) Which company developed the indigenous Multi-Core Fibre (MCF) used in the Quantum Key Distribution (QKD) demonstration?

(a) Bharti Airtel

(b) Sterlite Technologies Ltd. (STL)

(d) Reliance Jio

(e) BSNL

15) What has the Maharashtra State Board of Wildlife (SBWL) declared the DPS wetland in Navi Mumbai as?

(a) Bird Sanctuary

(b) Flamingo Conservation Reserve

(d) National Park

(e) Marine Conservation Area

16) What does the GP-DRASTI program stand for?

(a) Gujarat Police – Drone Response and Aerial Surveillance Tactical Interventions

(b) Gujarat Police – Digital Resource and Automated Security Tracking Infrastructure

(d) Gujarat Police – Digital and Resourceful Anti-Terrorism Security Initiative

(e) Gujarat Police – Drone Rescue and Aerial Surveillance Tracking Interface

17) What is the main aim of the Tamil Nadu Space Industrial Policy?

(a) To create a space exploration mission

(b) To establish the state as a center for space innovation and technology-driven job creation

(d) To develop a space launch facility

(e) To limit the role of private companies in the space sector

18) Which of the following big cat species is NOT included in the list covered by the IBCA agreement?

(a) Tiger

(b) Lion

(d) Snow Leopard

(e) Panther

19) According to the Airports Council International Report, India to Become the Fastest-Growing Large Aviation Market by 2026. What is the projected air passenger traffic growth for India in 2026?

(a) 8.5%

(b) 9.5%

(d) 11.5%

(e) 12.5%

20) Match the column correctly:

Column A	Column B
1. Santosh Kumar	A. Appointed as CFO of LIC Housing Finance Ltd (LIC HFL)
2. Lokesh Mundhra	B. Elevated to Deputy CFO and Key Managerial Personnel at IndusInd Bank
3. Dr. Mangi Lal Jat	C. Appointed as Secretary of the Department of Agricultural Research and Education (DARE)
4. Bill Aitken	D. Renowned travel writer from Scotland who passed away

(a) 1-B, 2-A, 3-C, 4-D

(b) 1-D, 2-B, 3-A, 4-C

(d) 1-A, 2-B, 3-C, 4-D

(e) 1-B, 2-A, 3-D, 4-C

Answers :

1) Answer: D

Short Explanation:

Fitch Ratings has affirmed the ratings of Axis Bank and ICICI Bank with a stable outlook.

Both banks’ Long-Term Issuer Default Rating (IDR) has been maintained at ‘BB+’:

Indicates elevated vulnerability to default risk.

Viability Ratings:

Axis Bank: Retained at ‘BB’

ICICI Bank: Upgraded to ‘BB+’

Detailed Explanation:

Fitch Ratings has affirmed the ratings of Axis Bank and ICICI Bank with a stable outlook.

Both banks’ Long-Term Issuer Default Rating (IDR) has been maintained at ‘BB+’:

Indicates elevated vulnerability to default risk.

Viability Ratings:

Axis Bank: Retained at ‘BB’

ICICI Bank: Upgraded to ‘BB+’

A ‘BB’ rating denotes moderate prospects for ongoing viability.

Fitch’s commentary highlighted:

India’s strong medium-term growth potential

A large, diversified economy

These factors are reflected in Fitch’s Operating Environment (OE) score for Indian banks.

GDP Growth Projections:

Over 6% in FY25 and FY26

Driven by:

Domestic demand

Government capital expenditure (capex)

Improving capacity utilisation

2) Answer: D

Short Explanation:

Fitch Ratings has revised India’s GDP growth estimate for the current financial year from 6.5% to 6.4%, citing concerns over the global trade war.

Detailed Explanation:

Fitch Ratings has revised India’s GDP growth estimate for the current financial year from 6.5% to 6.4%, citing concerns over the global trade war.

Growth for FY 2026–27 is retained at 6.3%, according to Fitch’s Global Economic Outlook (April 2025 update).

World growth projection is expected to fall below 2% in 2025 due to escalating trade tensions.

US economy:

Annual growth forecast for 2025: 1.2%

Expected to slow further to 0.4% YoY in Q4 2025

Inflation forecast revised up to over 4%

Suggests stagnation in real wages

3) Answer: C

Short Explanation:

Mumbai-based private sector lender IDFC First Bank, at its board meeting held on April 17, approved an aggregate fundraise of up to ₹7,500 crore from two separate investors.

Detailed Explanation:

Mumbai-based private sector lender IDFC First Bank, at its board meeting held on April 17, approved an aggregate fundraise of up to ₹7,500 crore from two separate investors.

Currant Sea Investments, an affiliate of Warburg Pincus, will invest ₹4,876 crore, while ADIA subsidiary Platinum Invictus will contribute ₹2,624 crore.

The lender will allot:

81.26 crore compulsorily convertible preferential shares (CCPS) to Currant Sea Investments

43.71 crore CCPS to Platinum Invictus

at a price of ₹60 per share

Post-conversion, the shareholding will be:

Currant Sea Investments B.V.: 9.48%

Platinum Invictus B 2025 RSC Ltd: 5.10%

4) Answer: E

Short Explanation:

An analysis of Unified Payments Interface (UPI) transaction failures shows that among the large banks, State Bank of India (SBI) had the highest number of transaction failures in FY25, while Bank of Baroda, HDFC Bank, ICICI Bank, and Axis Bank fared much better.

Detailed Explanation:

Business decline (BD): Occurs when a user enters an invalid pin, incorrect beneficiary account, etc.

Technical decline (TD): Occurs due to technical reasons, such as unavailability of systems and network issues on the bank or National Payments Corporation of India (NPCI) side.

SBI, the biggest UPI remitter bank with over 4.95 billion transactions in March alone, had a TD rate of 0.90%.

Bank of Baroda, the second largest public sector bank, had a TD rate of 0.03%.

HDFC Bank (with 1.5 billion transactions) had a TD rate of 0.02%, while Axis Bank had a TD rate of 0.03% and ICICI Bank had a TD rate of 0.13% in March.

5) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) and the Financial Intelligence Unit-India (FIU-IND) have signed a Memorandum of Understanding (MoU).

This agreement is aimed at strengthening the implementation of the Prevention of Money Laundering Act (PMLA) and associated rules.

The MoU was signed by Vivek Aggarwal, Director of FIU-IND, and R.L.K. Rao, Executive Director, Department of Regulation, RBI.

Detailed Explanation:

The Reserve Bank of India (RBI) and the Financial Intelligence Unit-India (FIU-IND) have signed a Memorandum of Understanding (MoU).

This agreement is aimed at strengthening the implementation of the Prevention of Money Laundering Act (PMLA) and associated rules.

The MoU was signed by Vivek Aggarwal, Director of FIU-IND, and R.L.K. Rao, Executive Director, Department of Regulation, RBI.

The MoU outlines cooperation between RBI and FIU-IND in areas of mutual interest.

Key components include the sharing of relevant intelligence and information from their respective databases.

It also includes the upgradation of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) skills in regulated entities.

Both institutions will jointly conduct outreach and training programmes for regulated entities.

They will also collaborate in the assessment of Money Laundering and Terror Financing risks and vulnerabilities in specific financial sub-sectors.

6) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has imposed monetary penalties on Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank for regulatory compliance deficiencies.

Detailed Explanation:

The Reserve Bank of India (RBI) has imposed monetary penalties on Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank for regulatory compliance deficiencies.

A penalty of ₹61.4 lakh has been levied on Kotak Mahindra Bank for non-compliance with:

Guidelines on Loan System for Delivery of Bank Credit

Loans and Advances – Statutory and Other Restrictions

A penalty of ₹38.6 lakh has been imposed on IDFC First Bank for non-compliance with RBI’s directions on Know Your Customer (KYC) norms.

A penalty of ₹29.6 lakh has been imposed on Punjab National Bank for non-compliance with directions related to Customer Service in Banks.

7) Answer: D

Short Explanation:

Union Finance Minister Nirmala Sitharaman lauded the Bombay Stock Exchange (BSE) for its technological advancements and key role in India’s economic development.

The BSE, Asia’s oldest stock exchange, celebrated its 150th anniversary, with Ms. Sitharaman as the chief guest at the event.

She stated that BSE processes orders worth ₹1,500 crore daily, showcasing its technological integration and positioning as a barometer of India’s economic trajectory.

Detailed Explanation:

Union Finance Minister Nirmala Sitharaman lauded the Bombay Stock Exchange (BSE) for its technological advancements and key role in India’s economic development.

The BSE, Asia’s oldest stock exchange, celebrated its 150th anniversary, with Ms. Sitharaman as the chief guest at the event.

She stated that BSE processes orders worth ₹1,500 crore daily, showcasing its technological integration and positioning as a barometer of India’s economic trajectory.

The Finance Minister emphasized the government’s focus on inclusive growth, resilience to global disruptions, and strategic long-term investments.

She credited BSE’s strong regulatory framework for contributing to market stability.

BSE’s market capitalization has reached ₹400 lakh crore, placing it among the top global exchanges.

In February 2024, 4.1 crore demat accounts were opened, indicating surging retail investor participation and growing trust in the capital markets.

She also noted that mutual fund assets under management have tripled, reflecting increasing investor maturity.

8) Answer: A

Short Explanation:

India is expected to remain the fastest-growing major economy in 2025 with a projected growth rate of 6.5%, according to the UN Trade and Development (UNCTAD) report titled ‘Trade and Development Foresights 2025’.

Detailed Explanation:

The report highlights India’s economic momentum, driven by higher government expenditure and monetary policy stimulus.

In contrast, the global economic outlook signals a recessionary trend.

China is projected to grow at 4.4% in 2025.

The United States is expected to see a 1% growth rate.

The European Union is also projected to grow at 1%, with major economies like:

France,

Germany, and Italy

9) Answer: C

Short Explanation:

The World Trade Organization (WTO) has released its Trade Forecast for 2025 and 2026.

The report predicts that global trade will fall in 2025, largely due to tariffs imposed by US President Donald Trump.

WTO Director-General Ngozi Okonjo-Iweala expressed concern over the China-US decoupling, calling it “really worrying”.

Detailed Explanation:

The World Trade Organization (WTO) has released its Trade Forecast for 2025 and 2026.

The report predicts that global trade will fall in 2025, largely due to tariffs imposed by US President Donald Trump.

WTO Director-General Ngozi Okonjo-Iweala expressed concern over the China-US decoupling, calling it “really worrying”.

She stated that merchandise trade between China and the US is expected to fall by 81%, and could have fallen to 91% without recent exemptions on products like smartphones.

This scale of decline in trade is being viewed as tantamount to a decoupling of the two major economies.

Under the current global scenario, world merchandise trade volume is projected to decline by 0.2% in 2025.

10) Answer: B

Short Explanation:

The Digital Lenders Association of India (DLAI) has officially rebranded as the Unified Fintech Forum (UFF).

This rebranding marks a strategic shift from a focus on digital lending to representing the broader fintech ecosystem, including payments, wealth tech, insurtech, and embedded finance.

The move aligns with UFF’s goal of securing Self-Regulatory Organisation (SRO) status from the Reserve Bank of India (RBI).

Detailed Explanation:

The Digital Lenders Association of India (DLAI) has officially rebranded as the Unified Fintech Forum (UFF).

The move aligns with UFF’s goal of securing Self-Regulatory Organisation (SRO) status from the Reserve Bank of India (RBI).

The rebranding comes in response to RBI’s call for stronger client protection, product suitability standards, and improved accountability in the fintech sector.

Manish Lunia, Co-founder of FlexiLoans, has been appointed as UFF’s President.

Upasana Taku, Co-founder of MobiKwik, has been appointed as Vice-President.

The new leadership reflects UFF’s aim to bridge traditional financial services with fintech innovations.

11) Answer: C

Short Explanation:

L&T Finance Ltd. (LTF) unveiled a new television commercial for its business loan product featuring Indian cricket star Jasprit Bumrah.

Detailed Explanation:

L&T Finance Ltd. (LTF) unveiled a new television commercial for its business loan product featuring Indian cricket star Jasprit Bumrah.

The campaign, titled “Aapke Business Ka Game Changer,” positions LTF’s business loan offerings as transformative solutions for entrepreneurs.

The new marketing initiative highlights key features of LTF’s business loans, including a fully digital application process, quick loan disbursement, and an app-based withdrawal facility designed to meet various business needs.

The company aims to serve as a strategic partner for entrepreneurs facing challenges from market fluctuations and cash flow management.

The campaign will be broadcast on business news channels and supported by extensive outdoor advertising including hoardings and airport branding in Mumbai and Delhi.

12) Answer: C

Short Explanation:

Union Minister Dr. Mansukh Mandaviya inaugurated India’s first Athlete Passport Management Unit (APMU) at the National Dope Testing Laboratory (NDTL), New Delhi, marking a major milestone in strengthening India’s anti-doping ecosystem and aligning with World Anti-Doping Agency (WADA) standards.

Detailed Explanation:

Inaugurated by: Dr. Mansukh Mandaviya (Union Minister of Youth Affairs & Sports, Labour & Employment)

Dignitaries Present:

Smt. Sujata Chaturvedi (Secretary, Sports)

Shri Kunal (Joint Secretary)

Prof. P. L. Sahu (CEO, NDTL)

Eminent scientists and sports administrators

13) Answer: B

Short Explanation:

A study published in The Quarterly Journal of Economics confirms the success of Surat’s Emissions Trading Scheme (ETS) — the world’s first for particulate matter (PM) and India’s first pollution trading system.

Location: Surat, Gujarat (a major industrial hub)

Detailed Explanation:

It demonstrates significant environmental and economic benefits through a market-based approach.

Location: Surat, Gujarat (a major industrial hub)

Launched by: Gujarat Pollution Control Board (GPCB) with the Energy Policy Institute at the University of Chicago

Initiated: September 2019

Notable Firsts:

First cap-and-trade programme globally for particulate matter

India’s first market-based pollution control initiative

14) Answer: B

Short Explanation:

In a major breakthrough in secure communications, the Centre for Development of Telematics (C-DOT) and Sterlite Technologies Ltd. (STL) have successfully demonstrated Quantum Key Distribution (QKD) over a 4-core Multi-Core Fibre (MCF) — a first-of-its-kind achievement in India.

Detailed Explanation:

Key Highlights

First in India

Successful transmission of QKD over a 4-core Multi-Core Fibre (MCF) — a national first.

QKD sustained over 100 km distance, showcasing viability for long-range secure communication.

Collaborating Partners

C-DOT: India’s telecom R&D body under the Department of Telecommunications (DoT).

STL: Global leader in optical networks; developed indigenous MCF.

Technical Details

Core Utilization

1 core: Used exclusively for quantum signal (QKD).

3 cores: Used for classical high-speed data transmission.

15) Answer: B

Short Explanation:

The Maharashtra State Board of Wildlife (SBWL) has declared the DPS wetland in Navi Mumbai as a Flamingo Conservation Reserve.

The decision was taken during a meeting chaired by Chief Minister Devendra Fadnavis, with Forest Minister Ganesh Naik and senior officials in attendance.

Kishor Rithe, Director of the Bombay Natural History Society (BNHS), stated that the BNHS and other local organisations had submitted representations supporting this move.

Detailed Explanation:

The Maharashtra State Board of Wildlife (SBWL) has declared the DPS wetland in Navi Mumbai as a Flamingo Conservation Reserve.

The decision was taken during a meeting chaired by Chief Minister Devendra Fadnavis, with Forest Minister Ganesh Naik and senior officials in attendance.

Kishor Rithe, Director of the Bombay Natural History Society (BNHS), stated that the BNHS and other local organisations had submitted representations supporting this move.

The conservation of DPS lake is expected to reduce the risk of bird strikes, enhancing air safety near Navi Mumbai International Airport.

The SBWL also approved the extension of Bor Wildlife Sanctuary in Wardha, incorporating the villages of Garamsur, Yenidodka, Methiraji, Umarvihori, and Maraksur.

A decision was made to protect sacred groves (Devrais) in the Western Ghats, recognizing their ecological and cultural significance.

16) Answer: A

Short Explanation:

The Gujarat Police – Drone Response and Aerial Surveillance Tactical Interventions (GP-DRASTI) program was launched by Gujarat DGP Vikas Sahay.

The program employs drones for real-time surveillance in high-crime urban areas like Ahmedabad, Rajkot, Surat, and Vadodara, aiming to track fugitives, find missing children, and monitor street violence, rioting, mob lynching, and armed clashes.

The drones are deployed at the police station level in 33 identified hotspots based on the Sharir Sambandhi Tras Rokva Abhiyan (SHASTRA) program.

Detailed Explanation:

The Gujarat Police – Drone Response and Aerial Surveillance Tactical Interventions (GP-DRASTI) program was launched by Gujarat DGP Vikas Sahay.

The drones are deployed at the police station level in 33 identified hotspots based on the Sharir Sambandhi Tras Rokva Abhiyan (SHASTRA) program.

These areas include 12 stations in Ahmedabad, 9 in Surat, 7 in Vadodara, and 5 in Rajkot.

The drones, which are quadcopters, have a flight ceiling of 120 meters and can be controlled up to 4 km, with a flight time of 45 minutes.

The drones are equipped with high-definition cameras that can zoom up to 1 km, capture faces, and operate in both day and night conditions with integrated night vision.

A two-person team will operate each drone, with one handling the drone and the other overseeing the jurisdiction.

17) Answer: B

Short Explanation:

The Tamil Nadu cabinet approved the Tamil Nadu Space Industrial Policy, aiming to establish the state as a centre for space innovation, advanced manufacturing, and technology-driven job creation.

Detailed Explanation:

The Tamil Nadu government had released the draft of the Tamil Nadu Space Industrial Policy 2024 in July 2023.

The policy is structured around major objectives, including:

Attracting ₹10,000 crore in investments to the state’s space sector.

Generating a minimum of 10,000 high-value jobs.

Developing a skilled workforce equipped for future roles in space technologies and services.

The policy extends beyond manufacturing to include space technology services and downstream innovation, with provisions that accommodate participation from startups, MSMEs, and larger enterprises.

Special incentive packages will be developed for both startups and larger companies establishing operations in the upcoming ‘Space Bays’—industrial zones specifically designed for the space sector.

18) Answer: E

In a significant step showcasing India’s leadership in wildlife conservation, the Government of India has signed a formal agreement with the International Big Cat Alliance (IBCA) to host its headquarters and secretariat.

Big Cat Species Covered

Tiger

Lion

Leopard

Snow Leopard

Cheetah

Jaguar

Puma

Headquarters Agreement with India

India to host: Permanent Headquarters and Secretariat of IBCA

Agreement ensures:

Visa facilitation

Privileges and immunities for IBCA staff and premises

Provisions for governance and operational guidelines

19) Answer: C

Short Explanation:

India is on track to emerge as the world’s fastest-growing large aviation market by 2026, according to a report by the Airports Council International (ACI).

While China maintains its dominance in absolute market size, India’s robust growth is being driven by low per capita air travel, expanding infrastructure, and favorable policies.

India’s Aviation Growth Outlook

India’s Air Passenger Traffic Growth (2026): 10.5% (vs China’s 8.9%)

Detailed Explanation:

India is on track to emerge as the world’s fastest-growing large aviation market by 2026, according to a report by the Airports Council International (ACI).

While China maintains its dominance in absolute market size, India’s robust growth is being driven by low per capita air travel, expanding infrastructure, and favorable policies.

India’s Aviation Growth Outlook

India’s Air Passenger Traffic Growth (2026): 10.5% (vs China’s 8.9%)

2027 Projections:

India: 10.3%

China: 7.2%

CAGR (2023–2027):

India: 9.5%

China: 8.8%

2025 Estimate:

China: 12% growth

India: 10.1% growth

20) Answer: A

IndusInd Bank has elevated Chief Accountant Santosh Kumar as its Deputy Chief Financial Officer (CFO), special officer – Finance & Accounts, and designated him as a ‘Key Managerial Personnel’ of the bank, according to an exchange notice. The lender had, in January, given an additional charge of CFO to Arun Khurana, who is the ED and Deputy CEO at the bank, after former CFO Gobind Jain resigned from his post citing personal reasons.

Lokesh Mundhra has been appointed as the Chief Financial Officer (CFO) of LIC Housing Finance Ltd (LIC HFL). His appointment is effective from April 15, 2025. Mundhra previously served as the Chief General Manager (Finance & Accounts) at LIC Housing Finance.

Dr. Mangi Lal Jat has been appointed as Secretary, Department of Agricultural Research and Education (DARE) and Director General, Indian Council of Agricultural Research (ICAR).

Bill Aitken, a renowned Scotland-born travel writer, passed away at the age of 91 in a Dehradun hospital. Born on 31 May 1934 in Tully Bodie, Clackmannanshire, Scotland, he came to India in 1959 at the age of 25 without a visa and later became an Indian citizen in 1972.

This post was last modified on April 21, 2025 2:21 pm

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Daily Current Affairs Quiz – 19th April 2025

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