Daily Current Affairs Quiz – 29th August 2025

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 29th 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, the Power Finance Corporation Limited (PFC) signed a loan agreement of €150 million with which institution to finance projects under India’s Revamped Distribution Sector Scheme (RDSS)?

(a) World Bank

(b) Asian Development Bank (ADB)

(d) Germany’s KfW

(e) New Development Bank (NDB)

2) Which small finance bank has partnered with Hitachi Payment Services to upgrade its payment processing and debit card management system?

(a) Equitas Small Finance Bank

(b) Ujjivan Small Finance Bank

(d) AU Small Finance Bank

(e) Jana Small Finance Bank

3) Which bank has inaugurated its first startup-centric branch in New Delhi, aligned with the Startup India initiative?

(a) State Bank of India

(b) Punjab National Bank

(d) Canara Bank

(e) Union Bank of India

4) Who is the current Chairman of SEBI who announced additional incentives for women who are first-time mutual fund investors?

(a) Ajay Tyagi

(b) M. Damodaran

(d) Tuhin Kanta Pandey

(e) Shaktikanta Das

5) Which campaign was launched by the Association of Mutual Funds in India (AMFI) to provide content in 13 languages and organize over 30 on-ground camps?

(a) Nivesh Mitra Abhiyan

(b) Investment Ka Sahi Kadam

(d) Investor Udaan

(e) Samriddhi Abhiyan

6) Which organization has signed an MoU with the Department of Posts (DoP) to enable India Post to act as a distributor for mutual fund investments?

(a) Reserve Bank of India (RBI)

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

(d) National Bank for Agriculture and Rural Development (NABARD)

(e) Small Industries Development Bank of India (SIDBI)

7) Which healthcare group has launched Aira, an AI-powered documentation tool built on its Electronic Medical Record platform Athma?

(a) Apollo Hospitals

(b) Fortis Healthcare

(d) Narayana Health

(e) AIIMS Delhi

8) Which two new institutional mechanisms on AI governance were recently created by the UN General Assembly?

(a) UN Global Tech Council & AI Ethics Board

(b) International AI Forum & UN AI Research Hub

(d) AI Policy Consortium & UN Digital Compact Council

(e) World AI Summit & International Panel on Responsible AI

9) The Union Cabinet, chaired by PM Narendra Modi, approved four projects of the Ministry of Railways with an approximate cost of how much?

(a) ₹10,215 crore

(b) ₹11,450 crore

(d) ₹13,520 crore

(e) ₹14,100 crore

10) As per the report, Pradhan Mantri Jan Dhan Yojana (PMJDY) Completes 11 Years of Financial Inclusion. Under Pradhan Mantri Jan Dhan Yojana (PMJDY), an overdraft facility of up to how much is available?

(a) ₹5,000

(b) ₹7,500

(d) ₹15,000

(e) ₹20,000

11) Who has been approved by the board of J\&K Bank as its Non-Executive Chairman until March 26, 2028 (subject to RBI approval)?

(a) Rajnish Kumar

(b) S. Krishnan

(d) Dinesh Kumar Khara

(e) Atul Kumar Goel

12) Recently, Exercise BRIGHT STAR 2025 is a multilateral military exercise taking place from August 28 to September 10, 2025. Since which year has Egypt, in conjunction with the United States, been hosting Exercise BRIGHT STAR?

(a) 1975

(b) 1978

(d) 1980

(e) 1990

13) Which Japanese bank has received RBI approval to increase its stake in Yes Bank up to 24.99% of paid-up share capital?

(a) Mizuho Bank

(b) Sumitomo Mitsui Banking Corporation (SMBC)

(d) Resona Bank

(e) Shizuoka Bank

14) The United States Government recently acquired a 10% stake in Intel as part of its semiconductor security strategy. What is the value of this stake?

(a) $8.9 billion

(b) $8.0 billion

(d) $9.5 billion

(e) $10.0 billion

15) Recently, the Indian Space Research Organisation (ISRO) is developing a next-generation launch vehicle that will be over 120 meters tall, making it one of the tallest rockets ever built. What is the name of India’s planned space station, expected to be completed by 2035?

(a) Bharat Space Station (BSS)

(b) Bhartiya Anthariksha Station (BAS)

(d) Gaganyaan Station

(e) Akash Station

16) Recently, India signed an MoU with which country to enhance cooperation in agriculture and allied sectors, focusing on food security, sustainable farming, and rural prosperity?

(a) Nepal

(b) Sri Lanka

(d) Bangladesh

(e) Bhutan

17) The Department of Ex-Servicemen Welfare (DESW), Ministry of Defence, recently signed an MoU with which organisation to improve pension, healthcare, resettlement, and welfare services for over 63 lakh veterans and their dependents?

(a) National Health Authority (NHA)

(b) NITI Aayog

(d) Indian Council of Medical Research (ICMR)

(e) Defence Research and Development Organisation (DRDO)

18) From 2025 onwards, on which date will Ayurveda Day be observed every year as per the Gazette Notification?

(a) October 23

(b) September 23

(d) August 23

(e) October 10

19) Every year, National Sports Day 2025 will be celebrated across India from August 29 to 31. The Fit India Movement was launched on National Sports Day in which year?

(a) 2017

(b) 2018

(d) 2020

(e) 2021

20) When did the United Nations officially designate World Lake Day to be observed on August 27?

(a) 2022

(b) 2023

(d) 2024

(e) 2021

Answers :

1) Answer: D

Short Explanation:

The Power Finance Corporation Limited (PFC) has signed a loan agreement of €150 million with Germany’s KfW.

The loan will finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS).

Detailed Explanation:

The Power Finance Corporation Limited (PFC) has signed a loan agreement of €150 million with Germany’s KfW.

The loan will finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS).

The agreement was signed by PFC Chairman and Managing Director Parminder Chopra and KfW CEO Stefan Wintels.

The loan proceeds will be used for projects aimed at improving the operational and financial efficiency of power distribution companies across the country.

The loan proceeds will be utilised to finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS), aimed at improving the operational and financial efficiency of power distribution companies across the country.

2) Answer: C

Utkarsh Small Finance Bank (SFB) has partnered with Hitachi Payment Services to upgrade its payment processing and debit card management.

This partnership aims to streamline the debit card lifecycle management for over 2.1 million cardholders.

The upgrade will make ATM, POS, and e-commerce transactions faster and more secure on a new platform.

The system now supports major payment networks, including NFS, RuPay, DFS, Mastercard, and JCB.

3) Answer: B

Punjab National Bank (PNB) inaugurated its first startup-centric branch in New Delhi.

The branch is aligned with the Startup India initiative to promote entrepreneurship and support innovation with complete banking solutions.

An MoU was signed between PNB and STPI (Software Technology Parks of India) to extend financial support to eligible startups.

Under the collaboration, STPI will provide PNB with a curated list of incubated, onboarded, or graduated startups, bridging the gap between startups and financial institutions.

4) Answer: D

Short Explanation:

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey announced that women who are first-time mutual fund investors may receive additional incentives.

This initiative is part of a broader effort to achieve complete financial inclusion by increasing the participation of women.

As of March 2024, women’s Assets Under Management (AUM) accounted for about 33% of the total AUM of individual investors.

The AMFI launched the ‘Investment Ka Sahi Kadam’ campaign, which provides content in 13 languages and has organized over 30 on-ground camps.

A new initiative, ‘Bharat Nivesh Rail Yatra’, has also been started to provide investor education to passengers on Vande Bharat trains.

The Mutual Funds Sahi Hai website has been relaunched with multi-language support and improved navigation

5) Answer: B

As of March 2024, women’s Assets Under Management (AUM) accounted for about 33% of the total AUM of individual investors.

The AMFI launched the ‘Investment Ka Sahi Kadam’ campaign, which provides content in 13 languages and has organized over 30 on-ground camps.

A new initiative, ‘Bharat Nivesh Rail Yatra’, has also been started to provide investor education to passengers on Vande Bharat trains.

The Mutual Funds Sahi Hai website has been relaunched with multi-language support and improved navigation

6) Answer: C

Short Explanation:

The Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) signed a Memorandum of Understanding (MoU) to deepen financial inclusion.

This agreement allows India Post to act as a distributor for mutual fund investments through its vast postal network.

Detailed Explanation:

The Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) signed a Memorandum of Understanding (MoU) to deepen financial inclusion.

This agreement allows India Post to act as a distributor for mutual fund investments through its vast postal network.

The MoU was signed by Ms. Manisha Bansal Badal (DoP) and Shri V.N. Chalasani (AMFI), in the presence of SEBI Chairman Shri Tuhin Kanta Pandey.

AMFI plans to train around 1 lakh postmen as mutual fund distributors to help double the investor base.

The initial focus will be on Bihar, Andhra Pradesh, Odisha, and Meghalaya, with the goal of training 20,000 new distributors in the first year.

The MoU is valid for three years, from August 22, 2025, to August 21, 2028, with an option for renewal.

7) Answer: D

Short Explanation:

Narayana Health has launched Aira, an AI-powered documentation tool to help doctors reduce paperwork and improve patient care.

Aira is built on the company’s own Electronic Medical Record (EMR) platform, Athma.

Detailed Explanation:

Narayana Health has launched Aira, an AI-powered documentation tool to help doctors reduce paperwork and improve patient care.

Aira is built on the company’s own Electronic Medical Record (EMR) platform, Athma.

The tool uses advanced AI to analyze patient records (both digital and scanned) to create clinical timelines and smart tags, ensuring all critical details are captured.

It is designed to be scalable and can be adopted by hospitals of any size.

The healthcare sector in India is projected to grow significantly, from $1.10 billion in 2022 to $5.15 billion by 2030.

8) Answer: C

Short Explanation:

UN Secretary-General Antonio Guterres praised the UN General Assembly’s decision to create two new institutional mechanisms for international collaboration on AI governance.

The mechanisms are:

United Nations Independent International Scientific Panel on AI

Global Dialogue on AI Governance

Guterres termed the decision a “pathbreaking milestone” reflecting commitment to the Global Digital Compact, adopted under the Pact for the Future (September 2024).

Detailed Explanation:

UN Secretary-General Antonio Guterres praised the UN General Assembly’s decision to create two new institutional mechanisms for international collaboration on AI governance.

The mechanisms are:

United Nations Independent International Scientific Panel on AI

Global Dialogue on AI Governance

Guterres termed the decision a “pathbreaking milestone” reflecting commitment to the Global Digital Compact, adopted under the Pact for the Future (September 2024).

Global Dialogue on AI Governance will serve as an inclusive UN platform for states and stakeholders to discuss critical AI issues.

The Scientific Panel on AI will act as a bridge between AI research and policymaking, providing independent scientific assessments to anticipate challenges and guide governance.

An open nomination process for the Scientific Panel will be announced soon.

The panel will publish annual reports, to be presented at Global Dialogue sessions in July 2026 (Geneva) and 2027 (New York).

9) Answer: C

Union Cabinet chaired by Prime Minister Narendra Modi approved four projects of Ministry of Railways with a total cost of ₹12,328 crore (approx.).

Approved Projects:

Deshalpar – Hajipir – Luna and Vayor – Lakhpat New Line

Secunderabad (Sanathnagar) – Wadi 3rd and 4th Line

Bhagalpur – Jamalpur 3rd Line

Furkating – New Tinsukia Doubli

Coverage & Population Impact: Multi-tracking projects to benefit 3,108 villages, ~47.34 lakh population, covering 13 districts across Gujarat, Karnataka, Telangana, Bihar & Assam.

10) Answer: C

The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by Prime Minister Shri Narendra Modi on 28th August 2014, now marks 11 years of transformative impact in India’s financial landscape.

Over 56 crore Jan Dhan accounts have been opened with a total deposit of ₹2.68 lakh crore. More than 38 crore RuPay cards issued, facilitating digital transactions.

Demographics:67% of accounts are in rural/semi-urban areas, and 56% of accounts are held by women, highlighting inclusion of marginalized sections.

Direct Benefit Transfer (DBT): PMJDY serves as a major channel for DBT of subsidies, social security, and credit, promoting transparent and efficient delivery of government schemes.

Accounts come with free RuPay debit cards, ₹2 lakh accident insurance, and overdraft facility up to ₹10,000. It also supports life and accident insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.

Digital & JAM Trinity: PMJDY, integrated with Jan-Dhan-Aadhaar-Mobile (JAM), ensures diversion-proof subsidy transfers. In FY 2024-25, Rs. 6.9 lakh crore credited via DBT. Digital transactions surged with UPI and RuPay card usage, boosting financial digitization.

11) Answer: B

Short Explanation:

The board of J&K Bank has approved the appointment of S. Krishnan as its Non-Executive Chairman until March 26, 2028.

His appointment is contingent on RBI approval, as noted in the bank’s regulatory filing.

The decision was made during a board meeting on August 25, 2025.

Krishnan currently serves as an Independent Director for the Srinagar-headquartered J&K Bank.

Detailed Explanation:

The board of J&K Bank has approved the appointment of S. Krishnan as its Non-Executive Chairman until March 26, 2028.

His appointment is contingent on RBI approval, as noted in the bank’s regulatory filing.

The decision was made during a board meeting on August 25, 2025.

Krishnan currently serves as an Independent Director for the Srinagar-headquartered J&K Bank.

He has previously held the position of MD & CEO of Punjab & Sind Bank.

Following his retirement, he became the MD & CEO of Tamilnad Mercantile Bank in September 2022, with RBI approval.

Krishnan is a veteran banker with over four decades of experience.

He holds a postgraduate degree in Commerce and is a qualified Cost Accountant.

12) Answer: D

Short Explanation:

Exercise BRIGHT STAR 2025 is a multilateral military exercise taking place from August 28 to September 10, 2025.

The exercise is biennial and has been hosted by Egypt in conjunction with the United States since 1980.

Detailed Explanation:

Exercise BRIGHT STAR 2025 is a multilateral military exercise taking place from August 28 to September 10, 2025.

More than 700 personnel from the Indian Armed Forces and Headquarters Integrated Defence Staff are participating.

It is a tri-service exercise involving the Indian Army, Indian Navy, and Indian Air Force, which will conduct live-firing exercises and Command Post Exercises to improve joint operations.

The exercise is biennial and has been hosted by Egypt in conjunction with the United States since 1980.

13) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC), a Japanese bank, to acquire up to 24.99% of Yes Bank’s paid-up share capital.

Detailed Explanation:

The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC), a Japanese bank, to acquire up to 24.99% of Yes Bank’s paid-up share capital.

The approval is valid for one year and clarifies that SMBC will not be classified as a promoter of Yes Bank.

This new acquisition allows SMBC to increase its stake by 4.99%, from its current 20% holding.

With this stake, SMBC will be able to nominate two directors to Yes Bank’s board, influencing but not controlling the bank.

The 20% stake that SMBC currently holds was acquired in May 2025 through secondary share purchases, including a 13.19% stake from SBI and a 6.81% stake from seven other banks (Axis, Bandhan, Federal, HDFC, ICICI, IDFC First, and Kotak Mahindra).

14) Answer: A

Short Explanation:

The United States (US) Government acquired a 10% stake in Intel under President Donald Trump’s chip strategy, marking a major policy shift in semiconductor security.

The deal involves a 9.9% stake worth $8.9 billion at $20.47 per share, covering 433.3 million Intel shares.

Detailed Explanation:

The United States (US) Government acquired a 10% stake in Intel under President Donald Trump’s chip strategy, marking a major policy shift in semiconductor security.

The deal involves a 9.9% stake worth $8.9 billion at $20.47 per share, covering 433.3 million Intel shares.

Funding comes from $5.7 billion CHIPS Act grants and $3.2 billion Secure Enclave program, both initiated under President Joe Biden.

The stake is in the form of non-voting common stock, giving the US Government no direct control over Intel’s decisions or board seats.

The US will align its votes with Intel’s board, and a 5-year warrant permits increasing the stake by up to 5% if conditions are satisfied.

15) Answer: B

Short Explanation:

The Indian Space Research Organisation (ISRO) is developing a next-generation launch vehicle that will be over 120 meters tall, making it one of the tallest rockets ever built.

The Bhartiya Anthariksha Station (BAS), a 52-tonne space station, is planned to be built by 2035, with its initial modules beginning as early as 2027.

Detailed Explanation:

The Indian Space Research Organisation (ISRO) is developing a next-generation launch vehicle that will be over 120 meters tall, making it one of the tallest rockets ever built.

Its purpose is to place a 75,000 kg (75-tonne) payload into low Earth orbit (LEO).

Elon Musk’s SpaceX currently holds the record for the world’s tallest rocket with its Starship, which is nearly 122 meters tall.

The Gaganyaan human spaceflight mission is in its advanced stages, and will send Indian astronauts into space for the first time.

The Bhartiya Anthariksha Station (BAS), a 52-tonne space station, is planned to be built by 2035, with its initial modules beginning as early as 2027.

ISRO is also working on the Venus Orbiter Mission (Shukrayaan) to study Venus.

The Technology Demonstration Satellite (TDS) and GSAT-7R, a military communication satellite for the Indian Navy, are planned for launch this year.

India’s satellite count is 55 in orbit, with a plan to triple that number within the next 3-4 years.

16) Answer: E

Short Explanation:

Shri Devesh Chaturvedi, Secretary, Ministry of Agriculture and Farmers’ Welfare, India, and Mr. Thinley Namgyel, Secretary, Ministry of Agriculture and Livestock, Bhutan, signed a Memorandum of Understanding (MoU) in Thimpu, Bhutan.

Detailed Explanation:

The MoU aims to enhance cooperation in agriculture and allied sectors, emphasizing food security, sustainable farming, and rural prosperity.

It provides a framework for collaboration in agricultural research and innovation, livestock health and production, post-harvest management, value chain development, and exchange of knowledge and expertise.

The first session of the Joint Technical Working Group (JTWG) was convened to implement the MoU, agree on Terms of Reference, and identify priority areas for immediate action.

17) Answer: C

Short Explanation:

The Department of Ex-Servicemen Welfare (DESW), Ministry of Defence, signed a Memorandum of Understanding (MoU) with the Quality Council of India (QCI), New Delhi to improve pension, healthcare, resettlement, and welfare services for over 63 lakh veterans and their dependents.

Detailed Explanation:

Under the MoU, QCI will assist DESW in digital evaluations, impact assessments, and evidence-based policy recommendations, while DESW will provide data access and stakeholder coordination with State Governments, Zila Sainik Boards, Armed Forces Headquarters, and empanelled hospitals.

The initiative aims to strengthen healthcare delivery, expand re-employment and entrepreneurship opportunities, and reinforce the institutional frameworks of State and District Sainik Boards.

Collaboration with QCI will enable system optimisation, strength monitoring, and evidence-based improvements across schemes.

18) Answer: B

Ayurveda Day will now be observed every year on September 23, starting from 2025, as per a Gazette Notification issued in March 2025. Earlier, it was linked with Dhanvantari Jayanti.

Theme 2025: The theme is “Ayurveda for People & Planet”, emphasizing Ayurveda’s holistic role in personal wellbeing and environmental balance.

19) Answer: C

Short Explanation:

Detailed Explanation:

National Sports Day 2025 will be celebrated across India from August 29 to 31 under the leadership of Sports Minister Mansukh Mandaviya. The three-day nationwide campaign, organised under the Fit India Mission, will honour hockey legend Major Dhyan Chand.

The day is observed annually on August 29, marking Dhyan Chand’s birth anniversary. It has been nationally recognised since 2012 and was also the launch platform for the Fit India Movement in 2019.

The theme for 2025 is “Ek Ghanta, Khel ke Maidan Main”, encouraging citizens to dedicate at least 60 minutes daily to physical activity to fight lifestyle diseases.

20) Answer: D

World Lake Day is celebrated on August 27 to highlight the need to protect and sustainably manage the world’s lakes.

The Day aims to raise awareness of environmental challenges facing lakes and encourage global conservation and restoration efforts.

Lakes are vital ecosystems providing freshwater, supporting biodiversity, regulating climate, and contributing to economic and recreational activities.

However, they face serious threats from pollution, climate change, and unsustainable human activities.

The United Nations officially designated August 27 as World Lake Day in 2024 through Resolution A/RES/79/142.

This post was last modified on August 29, 2025 7:16 pm

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Daily Current Affairs Quiz – 29th August 2025

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