Daily Current Affairs Quiz – 28th August 2025

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 28th 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, Securities and Exchange Board of India(SEBI) Proposes Reforms to Block Deal Framework to Enhance Transparency and Curb Manipulation. SEBI has proposed increasing the minimum order size for a block deal from ₹10 crore to_____

(a) ₹15 crore

(b) ₹20 crore

(d) ₹30 crore

(e) ₹50 crore

2) Which company launched the new affordable housing finance brand ‘Anugraha’ to cater to lower to mid-income families?

(a) HDFC Ltd

(b) Sundaram Home Finance

(d) Indiabulls Housing Finance

(e) PNB Housing Finance

3) From October 1, 2024, the Income Tax Department has raised the threshold for initiating prosecution in cases of undisclosed foreign assets (excluding immovable property) to how many lakh?

(a) ₹5 lakh

(b) ₹10 lakh

(d) ₹20 lakh

(e) ₹25 lakh

4) Which city has been approved by the Union Cabinet as the potential host for the Commonwealth Games 2030?

(a) New Delhi

(b) Bengaluru

(d) Kolkata

(e) Ahmedabad

5) The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme has been extended till which date?

(a) 31 December 2025

(b) 31 March 2026

(d) 31 March 2030

(e) 31 December 2030

6) What is the name of the educational support initiative launched by NHAI and Vertis Infrastructure Trust for the children of toll plaza employees?

(a) Project Udaan

(b) Project Jyoti

(d) Project Shiksha

(e) Project Aarohan

7) Which Battery Electric Vehicle (BEV) did Prime Minister Narendra Modi flag off under the Green Mobility Initiatives at Hansalpur, Gujarat?

(a) e VITARA

(b) e SWIFT

(d) e ALTO

(e) e DZIRE

8) Who has been appointed as the new Chief Executive Officer (CEO) of Nayara Energy, effective September 2025?

(a) Teymur Abasguliyev

(b) Mukesh Ambani

(d) P. K. Gupta

(e) Anil Agarwal

9) Which two Project 17A stealth frigates were simultaneously commissioned by the Indian Navy on August 26, 2025?

(a) INS Kolkata and INS Kochi

(b) INS Udaygiri and INS Himgiri

(d) INS Shivalik and INS Satpura

(e) INS Teg and INS Tarkash

10) The Indian Army has initiated Exercise Samanvay Shakti 2025, a Military-Civil Integration Exercise. This exercise is being conducted in which states?

(a) Assam and Meghalaya

(b) Manipur and Nagaland

(d) Tripura and Mizoram

(e) Arunachal Pradesh and Sikkim

11) Which Indian Navy ship called at Souda Bay, Greece, from August 19–22, 2025?

(a) INS Vikrant

(b) INS Vikramaditya

(d) INS Tamal

(e) INS Shivalik

12) Recently, WestBridge Capital acquired what percentage stake in Edelweiss Asset Management for ₹450 crore?

(a) 10%

(b) 15%

(d) 25%

(e) 30%

13) As per the report, Union Minister of State George Kurian chaired the MoU signing between the Ministry of Minority Affairs and ICAR-Central Marine Fisheries Research Institute (CMFRI) at Kovalam, Kerala. This MoU under the PM VIKAS scheme aims to promote______________.

(a) Fisheries exports

(b) Women entrepreneurship and skill training

(d) Rural housing development

(e) Digital literacy

14) Which Indian cricketer retired from the IPL in 2025 after playing his last season with Chennai Super Kings?

(a) Ravichandran Ashwin

(b) Ravindra Jadeja

(d) Jasprit Bumrah

(e) Mohammed Shami

15) Where will the FIDE World Cup 2025 be held from October 30 to November 27, 2025?

(a) New Delhi

(b) Mumbai

(d) Chennai

(e) Kolkata

16) Recently, Union Minister for Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya unveiled the Hockey Men’s Asia Cup 2025 Trophy in New Delhi is the 12th edition of the tournament. The Hockey Men’s Asia Cup 2025 is notable for being the first major international hockey tournament hosted in which state?

(a) Uttar Pradesh

(b) Bihar

(d) West Bengal

(e) Madhya Pradesh

17) As per the news, Mirabai Chanu won the women’s 48kg title at the Commonwealth Weightlifting Championships 2025 in which city?

(a) New Delhi

(b) Mumbai

(d) Kolkata

(e) Bengaluru

18) Recently, Lord Swraj Paul, the India-born industrialist, passed away in 2025 at the age of 94. He was the Chairman of which UK-based group?

(a) Tata Group

(b) Adani Group

(d) Mahindra Group

(e) Caparo Group

19) The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme was launched on which date to support street vendors during the COVID-19 pandemic?

(a) 1st June 2020

(b) 1st March 2020

(d) 26th January 2021

(e) 1st April 2020

20) In August 2025, SEBI proposed to include which of the following definitions in the stock brokers’ regulations?

(a) Algorithm and High-Frequency Trading

(b) Algorithm and Proprietary Trading

(d) Mutual Funds and High-Frequency Trading

(e) Stock Lending and Borrowing

Answers :

1) Answer: C

Short Explanation:

The Securities and Exchange Board of India (SEBI) has proposed key changes to the block deal framework to improve market transparency and reduce the potential for manipulation in large trades.

Minimum Order Size: SEBI has proposed increasing the minimum order size for a block deal to ₹25 crore from the current ₹10 crore.

This threshold has been in place since 2017.

Detailed Explanation:

Minimum Order Size: SEBI has proposed increasing the minimum order size for a block deal to ₹25 crore from the current ₹10 crore.

This threshold has been in place since 2017.

Pricing Mechanism: The regulator is reviewing the pricing mechanism for block deals, which currently allows trades within a 1% band of the previous day’s closing price.

For non-derivative stocks (stocks not in the Futures & Options segment), SEBI is considering widening the price band to 3%.

For futures and options (F&O) scrips, the existing 1% price band would be retained.

2) Answer: B

Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd, has launched a new brand, ‘Anugraha’, to specifically cater to the affordable housing segment.

This move is part of the company’s strategy to strengthen its presence in Tier II and III towns.

The new brand is designed to offer affordable housing finance to lower to mid-income families and individuals.

This initiative falls under the company’s ‘Emerging Business’ segment, which also provides small business loans.

3) Answer: D

Short Explanation:

The Income Tax Department has raised the threshold for initiating prosecution in cases of undisclosed foreign assets (excluding immovable property) to ₹20 lakh from the previous ₹5 lakh.

This change, which is effective from October 1, 2024, is designed to provide relief and reduce compliance issues for employees working overseas.

Detailed Explanation:

This change, which is effective from October 1, 2024, is designed to provide relief and reduce compliance issues for employees working overseas.

Increased Threshold: The value of undisclosed foreign assets (excluding real estate) that can lead to prosecution has been raised to ₹20 lakh.

Legal Framework: This relief pertains to offenses under the Black Money Act (BMA), 2015.

The BMA prescribes a penalty of up to ₹10 lakh under sections 42 and 43 for non-disclosure, while prosecution can be initiated under sections 49 and 50.

Exclusion: The revised threshold does not apply to immovable foreign property.

Target Audience: The move is specifically aimed at simplifying compliance for Indian employees deputed overseas, who might have small-value foreign assets like bank accounts or investments.

4) Answer: E

Short Explanation:

Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Youth Affairs & Sports for submission of bid for the Commonwealth Games (CWG) 2030.

Ahmedabad chosen as ideal host city with world-class stadiums and facilities. Narendra Modi Stadium, world’s largest, already hosted 2023 ICC Cricket World Cup Final successfully.

Detailed Explanation:

Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Youth Affairs & Sports for submission of bid for the Commonwealth Games (CWG) 2030.

Approval also granted for signing the Host Collaboration Agreement (HCA) along with required Guarantees from Ministries, Departments and Authorities, and sanction of grant-in-aid to Gujarat Government if bid is accepted.

Athletes from 72 countries will participate in CWG, along with coaches, officials, tourists, and media, boosting local businesses and revenue generation.

Ahmedabad chosen as ideal host city with world-class stadiums and facilities. Narendra Modi Stadium, world’s largest, already hosted 2023 ICC Cricket World Cup Final successfully.

Event expected to have long-term benefits including:

Tourism boost and job creation.

Opportunities in sports science, event operations, logistics, broadcasting, IT, PR, and communications.

Encouragement for youth participation in sports and new career paths.

Hosting CWG 2030 will foster national pride, unity, and inspire the next generation of athletes in India.

5) Answer: D

Short Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the restructuring and extension of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme beyond 31.12.2024 till 31 March 2030.

The scheme’s total outlay is ₹7,332 crore.

Detailed Explanation:

The scheme’s total outlay is ₹7,332 crore.

It aims to benefit 1.15 crore beneficiaries, including 50 lakh new beneficiaries.

Implementation will be jointly done by MoHUA and Department of Financial Services (DFS).

Enhanced loan amounts:

First tranche increased from ₹10,000 to ₹15,000.

Second tranche increased from ₹20,000 to ₹25,000.

Third tranche remains at ₹50,000.

UPI-linked RuPay Credit Card to be provided after repayment of second loan for meeting business/personal requirements.

Cashback incentives up to ₹1,600 on retail & wholesale digital transactions.

6) Answer: E

Short Explanation:

National Highways Authority of India(NHAI) in collaboration with Vertis Infrastructure Trust launched ‘Project Aarohan’ to support educational aspirations of children of toll plaza employees.

Detailed Explanation:

The program was launched by NHAI Chairman Shri Santosh Kumar Yadav at NHAI Headquarters, New Delhi, in presence of Dr. Zafar Khan, Executive Director & Joint CEO, Vertis Infrastructure Trust, and senior NHAI officials.

Aim: To remove financial barriers, bridge socio-economic divides, and provide equal access to quality education for students from economically weaker sections, SC/ST/OBC, minority communities, first-generation learners, and girls from low-income households.

Implementation: To be carried out by SMEC Trust’s Bharat Cares.

Fund Allocation: Rs. 1 Crore for the first phase (July 2025 – March 2026).

7) Answer: A

Short Explanation:

Prime Minister Narendra Modi inaugurated Green Mobility Initiatives at Hansalpur, Gujarat.

Marking a new milestone in Make in India, PM flagged off Suzuki’s first global strategic Battery Electric Vehicle (BEV) – “e VITARA”.

Detailed Explanation:

Prime Minister Narendra Modi inaugurated Green Mobility Initiatives at Hansalpur, Gujarat.

Marking a new milestone in Make in India, PM flagged off Suzuki’s first global strategic Battery Electric Vehicle (BEV) – “e VITARA”.

The Made-in-India BEVs will be exported to over 100 countries, including advanced markets like Europe and Japan.

Also inaugurated local production of Hybrid Battery Electrodes at TDS Lithium-Ion Battery plant, Gujarat (Joint venture of Toshiba, Denso & Suzuki).

Over 80% of battery value will now be manufactured domestically, boosting Aatmanirbhar Bharat.

Announced Hybrid E-Ambulance prototype, developed by Maruti Suzuki in just 6 months under ₹11,000 crore PM E-DRIVE scheme.

8) Answer: A

Short Explanation:

Nayara Energy appointed Teymur Abasguliyev as the new Chief Executive Officer (CEO), effective September 2025.

Detailed Explanation:

Nayara Energy appointed Teymur Abasguliyev as new Chief Executive Officer (CEO), effective September 2025.

Teymur has 20+ years international leadership experience in the energy sector, known for organisational transformation and sustainable growth.

Since 2013, he has served as Chief Financial Officer (CFO) for Group Companies at SOCAR Türkiye Enerji A.Ş.

Handled corporate governance, financing, M&A, capital markets, and large-scale restructuring.

Teymur is a Fellow of the UK Association of Certified Public Accountants (FCCA) since 2002.

9) Answer: B

Short Explanation:

In a major step toward achieving naval self-reliance, the Indian Navy has simultaneously commissioned two Project 17A multi-mission stealth frigates, INS Udaygiri and INS Himgiri.

Detailed Explanation:

In a major step toward achieving naval self-reliance, the Indian Navy has simultaneously commissioned two Project 17A multi-mission stealth frigates, INS Udaygiri and INS Himgiri.

The commissioning ceremony, presided over by Defence Minister Rajnath Singh, took place at Visakhapatnam on August 26, 2025.

INS Udaygiri, built by Mazagon Dock Shipbuilders Ltd. (MDL) in Mumbai, is the 100th ship designed in-house by the Indian Navy’s Warship Design Bureau (WDB), marking a significant milestone in India’s indigenous warship design capabilities.

INS Himgiri was constructed by Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata.

10) Answer: C

Short Explanation:

The Indian Army has initiated Exercise Samanvay Shakti 2025, a Military-Civil Integration Exercise in collaboration with the state governments of Assam and Manipur.

Detailed Explanation:

The Indian Army has initiated Exercise Samanvay Shakti 2025, a Military-Civil Integration Exercise in collaboration with the state governments of Assam and Manipur.

The exercise, which will run from August 20-30, 2025, aims to improve synergy and cooperation between security forces, government departments, and civil institutions in addressing the complex challenges of the region.

Location: The exercise was inaugurated at Laipuli in the Tinsukia district of Assam. A similar, concurrent exercise is being undertaken in Manipur.

Participants: A wide range of organizations are participating, including the Indian Army, Indian Air Force, District Administration, Police, Intelligence Agencies, NDRF, SDRF, Medical Officials, BRO & GREF, Railways, educational institutions, and officials from public sector undertakings like OIL India, IOCL, and Coal India.

Purpose: The primary objective is to create a unified and coordinated approach for regional challenges.

11) Answer: D

INS Tamal, a stealth frigate of the Indian Navy, called at Souda Bay, Greece from August 19-22, 2025.

This port call is part of the ship’s passage to her home base in India.

The crew engaged with the Hellenic Navy and NATO officials.

A cross-deck visit was conducted for the crew of INS Tamal aboard the Italian Navy’s multi-role amphibious assault unit, ITS Trieste (a Landing Helicopter Dock).

Upon sailing out of Souda Bay on August 22, 2025, INS Tamal participated in a Passage Exercise (PASSEX) with HS Ritsos, a patrol boat of the Hellenic Navy.

The visit reflects India’s effort to strengthen defense cooperation and maritime diplomacy with Greece.

12) Answer: B

Short Explanation:

WestBridge Capital, a $7-billion global investment firm, has acquired a 15% stake in Edelweiss Asset Management for ₹450 crore.

This acquisition provides WestBridge with a strategic entry into the Mutual Fund (MF) business.

Detailed Explanation:

WestBridge Capital, a $7-billion global investment firm, has acquired a 15% stake in Edelweiss Asset Management for ₹450 crore.

This acquisition provides WestBridge with a strategic entry into the Mutual Fund (MF) business.

Edelweiss Asset Management has equity assets under management (AUM) of ₹72,600 crore, which has grown by 53% over the last five years.

The deal is subject to regulatory approvals from SEBI and the Competition Commission of India (CCI).

13) Answer: B

Short Explanation:

Union Minister of State George Kurian chaired the MoU signing between the Ministry of Minority Affairs and ICAR-Central Marine Fisheries Research Institute (CMFRI) at Kovalam, Kerala.

The project is part of Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme, focusing on skill training and women entrepreneurship development.

Detailed Explanation:

Union Minister of State George Kurian chaired the MoU signing between the Ministry of Minority Affairs and ICAR-Central Marine Fisheries Research Institute (CMFRI) at Kovalam, Kerala.

The project is part of Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme, focusing on skill training and women entrepreneurship development.

All participants will receive stipends during training.

The project aims to promote self-employment opportunities and socio-economic empowerment of minority communities.

ICAR-CMFRI will serve as the implementing agency, providing training, mentoring, and incubation support.

14) Answer: A

Short Explanation:

Ravichandran Ashwin, legendary off-spinner and one of India’s finest cricketing minds, has retired from the Indian Premier League (IPL) after playing his last season with Chennai Super Kings (CSK) in 2025.

Detailed Explanation:

With his exit from both international and IPL cricket, Ashwin can now explore opportunities in global T20 leagues, in line with BCCI’s policy.

IPL Career Overview:

Debut: 2009

Matches played: 221

Franchises represented: CSK, Punjab Kings, Delhi Capitals, Rajasthan Royals

Bowling record: 187 wickets, economy rate 7.20, best bowling 4/34

Batting record: 833 runs, highest score 50, strike rate 118.15

BCCI Policy Note: Indian players can play in foreign T20 leagues only after retiring from both international and IPL cricket.

15) Answer: C

The FIDE World Cup 2025 will be held in Goa from October 30 to November 27, 2025.

A total of 206 players will compete in a knockout format for a USD 2,000,000 prize pool and three spots in the 2026 Candidates Tournament.

Goa was chosen for its beaches, vibrant culture, and hospitality, offering players and fans a global sporting experience.

India has emerged as a global chess powerhouse, producing champions and hosting major events.

Recent achievements:

Gukesh Dommaraju became the World Champion in 2024.

Indian teams won the Chess Olympiad (Open & Women categories).

Divya Deshmukh won the Women’s World Cup 2024.

16) Answer: B

Short Explanation:

Union Minister for Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya unveiled the Hockey Men’s Asia Cup 2025 Trophy in New Delhi is the 12th edition of the tournament.

The tournament will be held from August 29 to September 7, 2025, at the Rajgir Hockey Stadium, Bihar.

This will be the first major international hockey tournament hosted in Bihar.

Detailed Explanation:

Union Minister for Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya unveiled the Hockey Men’s Asia Cup 2025 Trophy in New Delhi is the 12th edition of the tournament.

The tournament will be held from August 29 to September 7, 2025, at the Rajgir Hockey Stadium, Bihar.

This will be the first major international hockey tournament hosted in Bihar.

Notable dignitaries present included Harbinder Singh (three-time Olympic medalist), Ashok Dhyanchand (1972 Olympics bronze medalist), and Zafar Iqbal (1980 Moscow Olympics gold medalist) along with officials from the Bihar State Government and Hockey India.

The Asia Cup 2025 will act as a direct qualifier for the 2026 FIH Men’s Hockey World Cup in the Netherlands and Belgium.

17) Answer: C

Short Explanation:

Tokyo Olympics silver medallist Mirabai Chanu made a triumphant return by winning the women’s 48kg title at the Commonwealth Weightlifting Championships in Ahmedabad.

She lifted 84kg in snatch and 109kg in clean & jerk, with a total of 193kg, securing the gold medal with a record-breaking performance.

This was her first competition since finishing fourth at the Paris Olympics 2024.

Detailed Explanation:

Tokyo Olympics silver medallist Mirabai Chanu made a triumphant return by winning the women’s 48kg title at the Commonwealth Weightlifting Championships in Ahmedabad.

She lifted 84kg in snatch and 109kg in clean & jerk, with a total of 193kg, securing the gold medal with a record-breaking performance.

This was her first competition since finishing fourth at the Paris Olympics 2024.

Chanu competed in the new 48kg category after the International Weightlifting Federation (IWF) revised weight divisions, as the 49kg class was removed from the Olympics.

With this medal, Chanu directly qualified for the 2026 Commonwealth Games in Glasgow.

This was her fifth medal at the Commonwealth Weightlifting Championships – Golds in 2013, 2017, 2019, 2025 and a Silver in 2015.

18) Answer: E

Lord Swraj Paul, the India-born Chairman of the UK-based Caparo Group, passed away in London at the age of 94.

He moved to the UK in 1966 and founded the Caparo Group in 1968. The company has operations in the UK, India, USA, Canada, and UAE, with its headquarters in London.

In India, he is known for his failed takeover bids of Escorts and DCM in the 1980s

19) Answer: A

‘SVANidhi se Samriddhi’ to be further strengthened through monthly Lok Kalyan Melas ensuring saturation of GoI schemes to beneficiaries’ families.

Launched on 1st June 2020 to support street vendors during COVID-19 pandemic.

Achievements (as of July 30, 2025):

Over 96 lakh loans worth ₹13,797 crore disbursed to 68 lakh vendors.

Nearly 47 lakh digitally active beneficiaries made 557 crore transactions worth ₹6.09 lakh crore, earning ₹241 crore cashback.

Under ‘SVANidhi se Samriddhi’, 46 lakh beneficiaries across 3,564 ULBs profiled, leading to 1.38 crore scheme sanctions.

Awards:

PM’s Award for Excellence in Public Administration (2023) for Innovation (Central Level).

Silver Award for Excellence in Government Process Re-engineering (2022).

The scheme ensures holistic development of street vendors, empowering them with reliable finance, socio-economic upliftment, and inclusive urban economic growth.

20) Answer: B

In Aug 2025, The SEBI proposed to officially include the definitions of “algorithm” and “proprietary trading” in its stock brokers’ regulations.

This post was last modified on August 29, 2025 5:46 pm

3 months ago

Daily Current Affairs Quiz – 28th August 2025

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