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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 26th 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.
1) As per the news, South Indian Bank recently launched a new gold loan product called “SIB Gold Xpress”. Which of the following statements about the scheme is correct?
(a) It offers loan amounts ranging from ₹50,000 to ₹50 lakh with tenure up to 5 years.
(b) It provides loans only to large corporates for business expansion.
(c) Borrowers can avail up to 90% of their gold’s value with loan amounts between ₹25,000 and ₹25 lakh.
(d) It is a government-backed scheme launched by the Ministry of Finance.
(e) The current MD & CEO of South Indian Bank is Mr. Rajiv Kumar.
2) Which bank has launched the Legacy Savings Account for its affluent customers?
(a) HDFC Bank
(b) ICICI Bank
(c) Axis Bank
(d) Bandhan Bank
(e) Yes Bank
3) What is the current inflation target under the RBI’s Flexible Inflation Targeting (FIT) framework?
(a) 3% CPI with ±1% band
(b) 4% CPI with ±2% band
(c) 5% CPI with ±1% band
(d) 6% CPI with ±2% band
(e) 4.5% CPI with ±1.5% band
4) As per the report, the Reserve Bank of India (RBI) recently imposed a monetary penalty of ₹1 lakh on Ayodhya Finlease Limited. What type of entity is this company?
(a) Scheduled Commercial Bank
(b) Payment Bank
(c) Small Finance Bank
(d) Non-Banking Financial Company (NBFC)
(e) Co-operative Bank
5) The Unique Identification Authority of India (UIDAI) has implemented a new framework to onboard Cooperative Banks for Aadhaar-based authentication services. How many State Cooperative Banks (SCBs) will be covered under this framework?
(a) 28
(b) 30
(c) 32
(d) 34
(e) 38
6) When is National Space Day celebrated in India to commemorate the Chandrayaan-3 success?
(a) 20th July
(b) 23rd August
(c) 15th September
(d) 4th October
(e) 14th November
7) Prime Minister Narendra Modi recently inaugurated metro projects in Kolkata worth over ₹5,200 crore. Which newly launched metro service will reduce travel time from 40 minutes to only 11 minutes?
(a) Noapara – Jai Hind Bimanbandar Metro Service
(b) Sealdah – Esplanade Metro Service
(c) Beleghata – Hemanta Mukhopadhyay Metro Service
(d) Dum Dum – Garia Metro Service
(e) Howrah – Salt Lake Metro Service
8) Recently, India and which country have established a Strategic Partnership on Water (SWP) , leading to the creation of an Indo-Dutch Centre of Excellence (CoE) on Water?
(a) Germany
(b) France
(c) Netherlands
(d) Denmark
(e) Sweden
9) Who has been appointed as the new Chairman and Managing Director of TVS Motor in August 2025?
(a) Rajiv Bajaj
(b) Sudarshan Venu
(c) Ralf Speth
(d) Anand Mahindra
(e) Vikram Kirloskar
10) Who has been reappointed as the Managing Director & CEO of YES Bank for a six-month extension from October 6, 2025, to April 5, 2026?
(a) Rana Kapoor
(b) Shyam Srinivasan
(c) Aditya Puri
(d) Chanda Kochhar
(e) Prashant Kumar
11) Recently, the Board of Control for Cricket in India (BCCI) has extended the tenure of Ajit Agarkar as the Chief Selector of the Senior Men’s Selection Committee until which year?
(a) 2026
(b) 2029
(c) 2027
(d) 2028
(e) 2030
12) Who has been re-appointed as the Chairperson of the Payments Council of India (PCI) for the 2025–27 term?
(a) Vishwas Patel
(b) Nalin Bansal
(c) M. N. Srinivasu
(d) Sameer Nigam
(e) Harshil Mathur
13) Who has been nominated by U.S. President Donald Trump as the next U.S. Ambassador to India?
(a) Sergio Gor
(b) Jorgan K. Andrews
(c) Eric Garcetti
(d) Kenneth Juster
(e) Richard Verma
14) The Defence Research and Development Organisation (DRDO) recently conducted maiden flight-tests of the Integrated Air Defence Weapon System (IADWS). Which of the following is NOT a component of the system?
(a) Quick Reaction Surface to Air Missiles (QRSAM)
(b) Very Short Range Air Defence System (VSHORADS)
(c) Laser-based Directed Energy Weapon (DEW)
(d) Centralised Command and Control Centre
(e) Long Range Ballistic Missiles (LRBM)
15) Which state emerged as the overall topper at the Khelo India Water Sports Festival 2025 held at Dal Lake, Srinagar?
(a) Kerala
(b) Odisha
(c) Maharashtra
(d) Madhya Pradesh
(e) Haryana
16) Which football club won the 134th Durand Cup 2025, becoming the first team in 25 years to defend the title?
(a) Mohun Bagan SG
(b) East Bengal FC
(c) Diamond Harbour FC
(d) NorthEast United FC
(e) Bengaluru FC
17) At the 16th Asian Shooting Championship 2025 held in Shymkent, Kazakhstan, India won all three gold medals in which category?
(a) Mixed Skeet Shooting
(b) Mixed Trap Shooting
(c) Mixed Air Rifle (10m)
(d) Mixed Rapid Fire Pistol
(e) Mixed Double Trap
18) Recently, Former India captain Sourav Ganguly has been appointed Head Coach of which SA20 franchise for the 2026
season?
(a) Joburg Super Kings
(b) MI Cape Town
(c) Sunrisers Eastern Cape
(d) Pretoria Capitals
(e) Durban’s Super Giants
19) As per the news, Cheteshwar Pujara, who recently retired from all forms of cricket, is India’s ________________highest run-scorer in Test history.
(a) 5th
(b) 6th
(c) 7th
(d) 4th
(e) 8th
20) On which date is International Dog Day celebrated every year?
(a) August 14
(b) August 20
(c) August 26
(d) August 27
(e) August 30
Answers :
1) Answer: C
South Indian Bank (SIB), a private-sector bank headquartered in Thrissur, Kerala, has launched a new gold loan product called SIB Gold Xpress.
The scheme is designed to offer quick and convenient credit to a targeted audience of Micro, Small and Medium Enterprises (MSMEs), non-MSMEs, and small businesses to help with their business expansion.
Borrowers can avail of a loan amount ranging from ₹25,000 to ₹25 lakh for a flexible tenure of up to three years.
Customers can get a loan of up to 90% of their gold’s value, which is a high loan-to-value (LTV) ratio.
Managing Director (MD) and Chief Executive Officer (CEO) of South Indian Bank :Mr. P. R. Seshadri.
2) Answer: D
Short Explanation:
Bandhan Bank has launched the Legacy Savings Account, a new premium product for its affluent customers.
The launch coincides with the bank’s 10th anniversary of operations.
The account offers a wide range of exclusive benefits, including a World Elite Mastercard debit card.
Detailed Explanation:
Bandhan Bank has launched the Legacy Savings Account, a new premium product for its affluent customers.
The launch coincides with the bank’s 10th anniversary of operations.
The account offers a wide range of exclusive benefits, including a World Elite Mastercard debit card.
This card provides access to both domestic and international airport lounges (including companion access for domestic lounges), complimentary movie and event tickets, and golf sessions.
Customers will also receive a dedicated relationship manager and lifetime discounts on locker rentals.
The account provides unlimited free transactions, including cash deposits, RTGS, NEFT, and IMPS.
It comes with enhanced insurance coverage, such as ₹1 crore for air accidents, ₹20 lakh for personal accidents, and ₹5 lakh for purchase protection.
As of June 30, 2025, the bank serves over 31 million customers, with deposits of ₹1.55 lakh crore and advances of ₹1.34 lakh crore.
3) Answer: B
Short Explanation:
The Reserve Bank of India (RBI) is reviewing its flexible inflation targeting (FIT) framework, a process required by law ahead of its next five-year term starting in March 2026.
Current Target: The current target, which has been in effect since August 2016 and was retained in March 2021, is 4% CPI inflation with a tolerance band of ±2% (meaning the acceptable range is 2% to 6%).
Detailed Explanation:
The Reserve Bank of India (RBI) is reviewing its flexible inflation targeting (FIT) framework, a process required by law ahead of its next five-year term starting in March 2026.
The framework’s statutory basis is rooted in amendments to the RBI Act, 1934.
Statutory Basis: The FIT framework was given statutory backing in May 2016 through an amendment to the RBI Act, 1934.
Legal Mandate: As per Section 45ZA of the Act, the government, in consultation with the RBI, must set a Consumer Price Index (CPI) inflation target every five years.
Current Target: The current target, which has been in effect since August 2016 and was retained in March 2021, is 4% CPI inflation with a tolerance band of ±2% (meaning the acceptable range is 2% to 6%).
4) Answer: D
Short Explanation:
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹1 lakh on Ayodhya Finlease Limited.
The company is a Non-Banking Financial Company (NBFC).
Detailed Explanation:
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹1 lakh on Ayodhya Finlease Limited.
The company is a Non-Banking Financial Company (NBFC).
The penalty was levied for the company’s non-compliance with the NBFC Master Directions of 2016 and the NBFC Scale-Based Regulation Directions of 2023.
Specifically, RBI found that the company failed to obtain prior written approval for a change in shareholding that exceeded 26% of its paid-up equity capital.
This penalty was imposed using powers granted to the RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
5) Answer: D
Short Explanation:
The Unique Identification Authority of India (UIDAI) has implemented a new framework to onboard Cooperative Banks to provide Aadhaar-based authentication services.
It will cover all 34 State Cooperative Banks (SCBs) and 352 District Central Cooperative Banks (DCCBs) across India.
Detailed Explanation:
The Unique Identification Authority of India (UIDAI) has implemented a new framework to onboard Cooperative Banks to provide Aadhaar-based authentication services.
This is a major step toward promoting last-mile banking and digital inclusion.
The framework was developed in consultation with the Ministry of Cooperation, NABARD, and NPCI.
It will cover all 34 State Cooperative Banks (SCBs) and 352 District Central Cooperative Banks (DCCBs) across India.
To simplify the process, only the State Cooperative Banks will be registered with UIDAI as Authentication User Agencies (AUAs) and eKYC User Agencies (KUAs).
The DCCBs will then be able to use the Aadhaar authentication infrastructure of their respective SCBs.
6) Answer: B
Short Explanation:
The second National Space Day is being celebrated across India on 23rd August 2025.
The day commemorates the successful soft landing of Chandrayaan-3 Mission’s Vikram Lander and the deployment of the Pragyan Rover on the Moon on 23rd August 2023.
With this success, India became the fourth country to land on the Moon and the first to land near the southern polar region.
The landing site was named Shiv Shakti Point.
The Government of India declared 23rd August as “National Space Day” to honour the achievement.
Detailed Explanation:
The second National Space Day is being celebrated across India on 23rd August 2025.
The day commemorates the successful soft landing of Chandrayaan-3 Mission’s Vikram Lander and the deployment of the Pragyan Rover on the Moon on 23rd August 2023.
With this success, India became the fourth country to land on the Moon and the first to land near the southern polar region.
The landing site was named Shiv Shakti Point.
The Government of India declared 23rd August as “National Space Day” to honour the achievement.
The 2025 theme: “Aryabhatta to Gaganyaan: Ancient Wisdom to Infinite Possibilities”.
As part of the celebration, the Indian Space Research Organisation (ISRO) hosted the National Space Meet 2.0 in New Delhi.
The meet involved Ministries, Private Stakeholders, Academia, Startups, and Experts to design India’s space applications roadmap for the next decade.
7) Answer: B
Short Explanation:
Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone of multiple development projects worth over ₹5,200 crore in Kolkata, West Bengal.
The PM flagged off and inaugurated 13.61 km of newly constructed metro networks in Kolkata, including:
Noapara–Jai Hind Bimanbandar Metro Service, improving direct airport connectivity.
Sealdah–Esplanade Metro Service, reducing travel time from 40 minutes to only 11 minutes.
Beleghata–Hemanta Mukhopadhyay Metro Service, enhancing access to Kolkata’s IT hub.
Detailed Explanation:
Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone of multiple development projects worth over ₹5,200 crore in Kolkata, West Bengal.
The PM flagged off and inaugurated 13.61 km of newly constructed metro networks in Kolkata, including:
Noapara–Jai Hind Bimanbandar Metro Service, improving direct airport connectivity.
Sealdah–Esplanade Metro Service, reducing travel time from 40 minutes to only 11 minutes.
Beleghata–Hemanta Mukhopadhyay Metro Service, enhancing access to Kolkata’s IT hub.
PM also inaugurated a newly constructed subway at Howrah Metro Station, ensuring multi-modal connectivity between Howrah, Sealdah, Eastern Railway and South Eastern Railway networks.
The PM took a metro ride from Jessore Road to Jai Hind Bimanbandar and back, interacting with commuters during the journey.
With these inaugurations, Kolkata Metro adds 14 km of new lines and 7 new stations, significantly enhancing Ease of Living and Ease of Travel for lakhs of commuters.
8) Answer: C
Short Explanation:
India and the Netherlands have established a Strategic Partnership on Water (SWP) to enhance and expand bilateral cooperation.
Detailed Explanation:
India and the Netherlands have established a Strategic Partnership on Water (SWP) to enhance and expand bilateral cooperation.
The partnership involves a wide range of stakeholders, including policy experts, academia, private companies, and knowledge institutes.
A key component of the SWP is the creation of an Indo-Dutch Centre of Excellence (CoE) on Water. This center has been set up in collaboration with IIT Delhi and the Government of the Netherlands.
The CoE’s focus areas include urban water and river management, AI and geospatial technologies, river dynamics modelling, water quality monitoring, and the river economy and finance.
9) Answer: B
Sudarshan Venu has taken over as the new Chairman and Managing Director of TVS Motor.
He succeeded the former chairman, Ralf Speth, who stepped down on August 22, 2025.
The transition officially took place on August 25, 2025, making Venu one of the youngest top executives of a major Indian automobile company at age 36.
Venu is credited with playing a crucial role in the company’s transformation, particularly in the electric vehicle (EV) segment.
10) Answer: E
YES Bank has reappointed Prashant Kumar as its Managing Director & Chief Executive Officer (CEO) for a six-month extension, from October 6, 2025, to April 5, 2026.
The approval was granted by the bank’s members at its 21st Annual General Meeting (AGM).
Kumar was first appointed as the bank’s MD & CEO in March 2020 following the bank’s reconstruction and was reappointed for a three-year term in October 2022.
11) Answer: A
The Board of Control for Cricket in India (BCCI) has extended Ajit Agarkar’s contract as the Chief Selector of the Senior Men’s Selection Committee until June 2026.
This extension signifies a vote of confidence in his leadership and vision.
Since becoming chief selector in 2023, Agarkar has overseen a period of significant success for the Indian cricket team.
His tenure includes a focus on talent scouting and team building, which led to:
Reaching the final of the ODI World Cup in 2023.
Winning the ICC T20 World Cup in 2024.
Winning the ICC Champions Trophy in 2025.
12) Answer: A
The Payments Council of India (PCI), an organization representing the non-banking payments sector, has unanimously re-appointed Vishwas Patel, Joint MD of Infibeam Avenues Limited., as its chairperson.
This appointment, along with the naming of two new co-chairpersons, is for the 2025–27 term.
The new co-chairpersons are M. N. Srinivasu (Director, BillDesk) and Nalin Bansal (Chief of Corporate Fintech Relationships & Key Initiatives, NPCI).
13) Answer: A
United States (U.S.) President Donald Trump has announced his nomination of close aide Sergio Gor as the next U.S. Ambassador to India.
Gor will also serve concurrently as Special Envoy for South and Central Asian Affairs, a new dual role that has been described as a first in recent diplomatic history.
He will succeed Eric Garcetti, who served as ambassador from May 11, 2023, to January 20, 2025. Since Garcetti’s exit, Jorgan K. Andrews has been leading the U.S. Embassy in India as the interim Charge d’Affaires.
The nomination must be confirmed by the U.S. Senate before Gor can assume the role.
14) Answer: E
Short Explanation:
Detailed Explanation:
The Defence Research and Development Organisation (DRDO) has successfully conducted the maiden flight-tests of the Integrated Air Defence Weapon System (IADWS) off the coast of Odisha on August 23, 2025.
The IADWS is a multi-layered, indigenous air defence system.
It integrates three distinct weapon systems:
Quick Reaction Surface to Air Missiles (QRSAM).
Advanced Very Short Range Air Defence System (VSHORADS) missiles.
A high-power, laser-based Directed Energy Weapon (DEW).
The system’s operations are controlled by a Centralised Command and Control Centre developed by the Defence Research & Development Laboratory.
The VSHORADS was developed by Research Centre Imarat (RCI), and the DEW was developed by the Centre for High Energy Systems and Sciences (CHESS).
15) Answer: D
Short Explanation:
The three-day Khelo India Water Sports Festival concluded at Dal Lake, Srinagar, Jammu & Kashmir.
Madhya Pradesh emerged as the overall topper, winning 18 medals, including 10 Gold, 3 Silver, and 5 Bronze, and claimed the team championship.
Detailed Explanation:
The three-day Khelo India Water Sports Festival concluded at Dal Lake, Srinagar, Jammu & Kashmir.
Madhya Pradesh emerged as the overall topper, winning 18 medals, including 10 Gold, 3 Silver, and 5 Bronze, and claimed the team championship.
Madhya Pradesh showcased dominance in kayaking and canoeing, winning all four gold medals available on the penultimate day and added six more gold medals on the final day.
Odisha and Kerala benefited from SAI training centres in Jagatpur and Alappuzha, contributing athletes to the competition.
A total of 21 Khelo India athletes, all from rowing, participated in the festival. They collectively won 2 Gold, 2 Silver, and 2 Bronze medals across 10 rowing events.
The event was jointly organized by the Sports Authority of India (SAI) and the J&K Sports Council.
16) Answer: D
Short Explanation:
NorthEast United FC defeated Diamond Harbour FC 6–1 in the final of the 134th Durand Cup at Vivekananda Yuba Bharati Krirangan, Kolkata.
With this win, NorthEast United became the first team in 25 years to defend the Durand Cup title (last team in 2000).
Detailed Explanation:
NorthEast United FC defeated Diamond Harbour FC 6–1 in the final of the 134th Durand Cup at Vivekananda Yuba Bharati Krirangan, Kolkata.
With this win, NorthEast United became the first team in 25 years to defend the Durand Cup title (last team in 2000).
Goalscorers for NorthEast United:
Asheer Akhtar (30’)
Parthib Gogoi (45+1’)
Thoi Singh (50’)
Jairo (81’)
Andy (85’)
Alaaeddine Ajaraie (90+3’, penalty)
Goal for Diamond Harbour FC:Jobby Justin (68’).
Alaaeddine Ajaraie played a key role with 3 assists and 1 penalty goal.
Durand Cup Facts:
Established in 1888 – Asia’s oldest football tournament.
Functions as a pre-season competition for Indian clubs with rich historical prestige.
17) Answer: C
India won all three gold medals in mixed air rifle events at the 16th Asian Shooting Championship in Shymkent, Kazakhstan.
Senior Mixed Team (10m Air Rifle): Elavenil Valarivan & Arjun Babuta defeated China’s Peng Xinlu& Lu Dingke17-11; Elavenil’s second gold after winning the individual women’s 10m air rifle.
Junior Mixed Team (10m Air Rifle): Shambhavi Kshirsagar &Naraen Pranav beat China’s Tang Huiqi& Han Yinan to win gold.
Youth Mixed Team (10m Air Rifle): Ameerah Arshad & Ansh Dabas defeated Korea’s Kim Minseo & Shin Sungwoo in the final.
India is leading the medal tally with 41 medals: 23 Gold, 8 Silver, 10 Bronze.
18) Answer: D
Short Explanation:
Former India captain Sourav Ganguly has been appointed as Head Coach of Pretoria Capitals for the SA20 2026 season.
This marks Ganguly’s first-ever coaching role in professional cricket.
His appointment came a day after former England batter Jonathan Trott stepped down from the role.
Detailed Explanation:
Former India captain Sourav Ganguly has been appointed as Head Coach of Pretoria Capitals for the SA20 2026 season.
This marks Ganguly’s first-ever coaching role in professional cricket.
His appointment came a day after former England batter Jonathan Trott stepped down from the role.
Ganguly retired from international cricket in 2008 and later moved into administrative roles.
He served as President of the Board of Control for Cricket in India (BCCI) and currently holds the position of Chair of the International Cricket Council (ICC) Men’s Cricket Committee.
He is also the President of the Cricket Association of Bengal (CAB).
19) Answer: E
Short Explanation:
Cheteshwar Pujara, one of India’s most reliable Test batsmen, retired from all forms of cricket.
Born in Rajkot, Gujarat, he trained under his father and made his Test debut in 2010 against Australia.
Played 103 Tests, scored 7,195 runs with 19 centuries and a batting average of 43.60.
Became India’s 8th highest run-scorer in Test history.
Detailed Explanation:
Cheteshwar Pujara, one of India’s most reliable Test batsmen, retired from all forms of cricket.
Born in Rajkot, Gujarat, he trained under his father and made his Test debut in 2010 against Australia.
Played 103 Tests, scored 7,195 runs with 19 centuries and a batting average of 43.60.
Became India’s 8th highest run-scorer in Test history.
Played a key role in India’s historic 2018–19 Test series win in Australia, scoring 521 runs, facing 1,258 balls, and hitting 3 centuries.
Took over the crucial No.3 batting role from Rahul Dravid, averaging 49.38 vs Australia with 5 centuries.
20) Answer: C
International Dog Day is celebrated on August 26 every year.
This day is celebrated all over the world to encourage people to adopt more dogs instead of buying them from pet shops.
The first International Dog Day was celebrated on 26 August 2004. Another good way of celebrating International Dog Day is by making a donation to an animal charity of your own choice.
