Daily Current Affairs Quiz – 29th October 2025

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 29th October 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1) Which microfinance institution has withdrawn its Small Finance Bank (SFB) application submitted to the Reserve Bank of India (RBI)?

(a) ESAF Microfinance

(b) VFS Capital

(d) Arohan Financial

(e) Annapurna Finance

2) Recently, Paytm has launched a new UPI service for NRIs that allows them to make payments in India using international mobile numbers linked to which type of bank accounts?

(a) Foreign Currency Non-Resident (FCNR) accounts

(b) Non-Resident Ordinary (NRO) and Non-Resident External (NRE) accounts

(d) Offshore international bank accounts

(e) Any global debit card account

3) According to Small Industries Development Bank of India’s (SIDBI’s) fourth MSME Outlook Survey (Q2FY26), what was the Business Conditions Index (M-BCI) recorded during July–September 2025?

(a) 61.64

(b) 61.75

(d) 66.57

(e) 50.00

4) Which bank, in collaboration with Hitachi Payment Services, has launched Express Banking, India’s first-ever Digital Banking Point offering full branch banking services in a compact, digital-first format?

(a) HDFC Bank

(b) IndusInd Bank

(d) Kotak Mahindra Bank

(e) Axis Bank

5) Under the Gold Monetization Scheme (GMS), 2015, which of the following statements is correct regarding bank participation and depositor eligibility?

(a) Banks must obtain prior approval from the RBI to participate in the GMS.

(b) Only individuals are eligible to make deposits under the scheme.

(d) KYC is optional for customers opening Gold Deposit Accounts.

(e) Joint deposits are not permitted under the scheme.

6) Under the Master Direction on Regulatory Framework for Microfinance Loans, which of the following correctly defines a microfinance loan?

(a) Any loan given by an NBFC to a business entity irrespective of income.

(b) Only secured loans backed by assets like gold or machinery.

(d) Loans sanctioned to large enterprises with turnover below ₹5 crore.

(e) Any collateral-free loan given to individuals from households with annual income up to ₹3 lakh.

7) As per the news, India Maritime Week 2025, inaugurated by Union Home Minister Amit Shah in Mumbai, was held under which of the following themes?

(a) Maritime Power: Vision 2047

(b) Oceans of Opportunity

(d) Blue Economy for a Sustainable Future

(e) Uniting Oceans, One Maritime Vision

8) The National Biodiversity Authority (NBA) recently disbursed ₹55 lakh under the Access and Benefit Sharing (ABS) framework to farmers cultivating which valuable tree species in Tamil Nadu?

(a) Teak (Tectona grandis)

(b) Rosewood (Dalbergia latifolia)

(d) Red Sanders (Pterocarpus santalinus)

(e) Mahogany (Swietenia mahagoni)

9) As per the government’s notification, the 8th Central Pay Commission (CPC) will submit its recommendations within what time frame from the date of its constitution?

(a) 12 months

(b) 15 months

(d) 24 months

(e) 18 months

10) The Union Cabinet approved the Nutrient Based Subsidy (NBS) rates for which fertilizer season in 2025–26?

(a) Kharif Season 2025–26

(b) Rabi Season 2025–26

(d) Summer Season 2025–26

(e) Monsoon Season 2025–26

11) Where was the 22nd ASEAN-India Summit, in which Prime Minister Narendra Modi participated virtually, held in 2025?

(a) Jakarta, Indonesia

(b) Singapore

(d) Kuala Lumpur, Malaysia

(e) Manila, Philippines

12) Under the 2025 U.S.–Japan trade agreement signed in Tokyo, what was the agreed Japanese investment in the United States?

(a) USD 550 billion

(b) USD 450 billion

(d) USD 650 billion

(e) USD 600 billion

13) According to the 2025 IUCN Conservation Outlook, which Indian World Heritage Site was rated “good” in terms of conservation status?

(a) Kaziranga National Park

(b) Khangchendzonga National Park

(d) Sundarbans National Park

(e) The Great Himalayan National Park

14) Who won the 2025 Ursula K. Le Guin Prize for Fiction for the novel “Rakesfall”?

(a) Amitav Ghosh

(b) Salman Rushdie

(d) Chimamanda Ngozi Adichie

(e) Vajra Chandrasekera

15) What is the name of the indigenously built Survey Vessel (Large) that will be commissioned by the Indian Navy at Naval Base Kochi on 6 November 2025?

(a) Ikshak

(b) Nirdeshak

(d) Nirupak

(e) Sanshodhak

16) The Reserve Bank of India (RBI) has approved the reappointment of C.S. Rajan as Part-Time Chairman of which bank for a new term from January 1, 2026, to October 21, 2027?

(a) HDFC Bank

(b) Axis Bank

(d) Kotak Mahindra Bank

(e) Yes Bank

17) The Indian Space Research Organisation (ISRO) will launch the CMS-03 Communication Satellite aboard which launch vehicle on November 2, 2025, from the Satish Dhawan Space Centre, Sriharikota?

(a) PSLV-C60

(b) GSLV-F15

(d) SSLV-D3

(e) GSLV Mk II

18) According to ISRO Chairman V. Narayanan, what percentage of the development work for India’s first human spaceflight mission Gaganyaan has been completed as on October 2025?

(a) 70%

(b) 75%

(d) 90%

(e) 85%

19) As per regulatory filings on October 24, 2025, LIC increased its shareholding in Tata Consumer Products from 6.633% to what percentage?

(a) 8.645%

(b) 8.120%

(d) 9.010%

(e) 8.300%

20) Which global investment firm will acquire a 9.99% stake in Federal Bank for ₹6,196.51 crore through its Singapore-based entity Asia II Topco XIII Private Limited?

(a) KKR

(b) Carlyle Group

(d) Blackstone

(e) Brookfield

21) At the European Chess Club Cup 2025, which two Indian chess grandmasters won individual gold medals, marking a major boost for India ahead of the Chess World Cup 2025 in Goa?

(a) R Praggnanandhaa and Koneru Humpy

(b) D Gukesh and Divya Deshmukh

(d) Nihal Sarin and Tania Sachdev

(e) Vidit Gujrathi and Vaishali Rameshbabu

22) Who won the Mexico City Grand Prix 2025, taking the lead in the Formula 1 Drivers’ Championship by a margin of one point?

(a) Charles Leclerc

(b) Max Verstappen

(d) Lando Norris

(e) George Russell

23) At the 2025 Asian Youth Games in Bahrain, which country won both the boys’ and girls’ gold medals in kabaddi, reaffirming its dominance in the sport?

(a) Iran

(b) Japan

(d) South Korea

(e) Thailand

24) Which organisation spearheads the global observance of International Animation Day (IAD) celebrated annually on October 28?

(a) UNESCO

(b) ASIFA (Association Internationale du Film d’Animation)

(d) United Nations Educational and Cultural Foundation

(e) World Cinema Association

25) What is the theme of World Stroke Day 2025, observed annually on October 29?

(a) Stop Stroke Now

(b) Time Saves Lives

(d) Act Fast for Stroke

(e) Stroke is Preventable

Answers :

1) Answer: B

Short Explanation:

VFS Capital, a microfinance institution, has withdrawn its Small Finance Bank (SFB) application submitted to the Reserve Bank of India (RBI).

The RBI confirmed the withdrawal in a recent statement, referencing its January 1, 2025 press release, which had listed VFS Capital among SFB applicants.

Detailed Explanation:

VFS Capital, a microfinance institution, has withdrawn its Small Finance Bank (SFB) application submitted to the Reserve Bank of India (RBI).

The RBI confirmed the withdrawal in a recent statement, referencing its January 1, 2025 press release, which had listed VFS Capital among SFB applicants.

With the withdrawal, VFS Capital will not pursue conversion into a Small Finance Bank under the ‘on-tap’ licensing guidelines.

According to its official website, VFS Capital operates 284 branches, primarily in Eastern India.

The company had a loan portfolio of ₹942 crore as of March 2022, reflecting its moderate microfinance operations.

2) Answer: B

Short Explanation:

Paytm has launched a new service for NRIs from 12 countries, enabling them to make UPI payments in India using international mobile numbers.

The feature eliminates the need for an Indian SIM card and is linked to NRE or NRO bank accounts.

Detailed Explanation:

Paytm has launched a new service for NRIs from 12 countries, enabling them to make UPI payments in India using international mobile numbers.

The feature eliminates the need for an Indian SIM card and is linked to NRE or NRO bank accounts.

NRIs can send money, pay merchants via QR codes, and shop on Indian platforms without currency conversion or international gateways.

The service is powered by NPCI, allowing instant fund transfers to UPI IDs or mobile numbers and avoiding remittance delays and forex charges.

It is currently available in Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, UAE, UK, France, and Malaysia, with plans for wider rollout.

3) Answer: A

Short Explanation:

The Small Industries Development Bank of India’s (SIDBI’s) fourth MSME Outlook Survey indicates that India’s micro, small, and medium enterprise (MSME) remain resilient despite a slight moderation in business confidence during July–September 2025 (Q2FY26).

The Business Conditions Index (M-BCI) declined to 61.64 from 63.75 in the previous quarter, showing a modest dip in confidence among MSMEs.

Detailed Explanation:

The Business Conditions Index (M-BCI) declined to 61.64 from 63.75 in the previous quarter, showing a modest dip in confidence among MSMEs.

The Business Expectations Index (M-BEI) is projected to rise to 62.26 in Q3FY26 and further to 66.57 by July–September 2026, reflecting optimism about stronger domestic demand and supportive government policies such as GST rate cuts.

All three sectoral indices — manufacturing, services, and trading — remained above the expansion threshold of 50, showing continued growth momentum.

Resilience and optimism are expected to continue into FY27, driven by domestic demand recovery and stable macroeconomic conditions.

4) Answer: E

Axis Bank, in partnership with Hitachi Payment Services, has launched Express Banking, India’s first-ever Digital Banking Point offering a full suite of branch banking services in a compact, digital-first format.

The omni-channel platform enables customers to access account opening, instant card issuance, loan applications, deposits, and bill payments 24×7 under one roof.

5) Answer: C

Banks are not required to obtain RBI approval to participate in the Gold Monetization Scheme (GMS), 2015, but they must submit implementation details (CPTCs, refiners, and operating branches) and report gold mobilized monthly to the RBI.

Eligibility and Account Holding

Resident Indians including Individuals, HUFs, Firms, Trusts, Companies, and Government entities are eligible to make deposits under the scheme.

Joint deposits by two or more eligible depositors are allowed, following normal joint account and nomination rules.

KYC completion is mandatory before depositing gold unless the customer is already KYC compliant.

To make a deposit, customers must open a Gold Deposit Account with a designated bank.

6) Answer: E

Short Explanation:

The Master Direction on Regulatory Framework for Microfinance Loans became effective from April 1, 2022, but regulated entities (REs) were allowed time until October 1, 2022 for complete implementation due to operational challenges.

All collateral-free loans to individuals from low-income households (annual income up to ₹3 lakh) are treated as microfinance loans.

Detailed Explanation:

The directions apply to Commercial Banks (including SFBs, LABs, RRBs), Urban & Co-operative Banks, and NBFCs including MFIs and HFCs.

All collateral-free loans to individuals from low-income households (annual income up to ₹3 lakh) are treated as microfinance loans.

Loans backed by hypothecation of any security like gold, equipment, or white goods are not treated as collateral-free, and hence not classified as microfinance loans.

7) Answer: E

Short Explanation:

Amit Shah, Union Minister for Home Affairs and Cooperation, inaugurated India Maritime Week 2025 in Mumbai, highlighting that India’s maritime vision is founded on safety, stability, and self-reliance.

Sarbananda Sonowal, Minister for Ports, Shipping & Waterways, stated that India Maritime Week has evolved into one of the world’s leading maritime gatherings, with participation from 85 countries, 500 + exhibitors, and 40 forums, under the theme “Uniting Oceans, One Maritime Vision.”

Detailed Explanation:

He emphasised that structural reforms have enabled India to emerge as a strong maritime power.

India possesses a 7,500 km coastline, 13 coastal states and Union Territories, and an Exclusive Economic Zone (EEZ) of 23.7 lakh sq km, giving it a major maritime advantage.

8) Answer: D

Short Explanation:

The National Biodiversity Authority (NBA) has disbursed ₹55 lakh to 18 farmers/cultivators of Red Sanders (Pterocarpus santalinus) in Tamil Nadu under the Access and Benefit Sharing (ABS) framework for sustainable use of biological resources.

Detailed Explanation:

The payment was made through the Tamil Nadu State Biodiversity Board to farmers from 8 villages — Kannabhiran Nagar, Kothur, Vembedu, Siruniyum, Goonipalayam, Ammambakkam, Alikuzhi, and Thimmaboopola Puram — all located in Tiruvallur District.

This is the first-ever benefit-sharing initiative directly rewarding farmers/cultivators, marking a historic step toward inclusive biodiversity conservation.

9) Answer: E

Short Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Terms of Reference (ToR) of the 8th Central Pay Commission (CPC).

The Commission will submit its recommendations within 18 months from the date of its constitution.

Detailed Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Terms of Reference (ToR) of the 8th Central Pay Commission (CPC).

The 8th CPC will be a temporary body comprising one Chairperson, one Member (Part-Time), and one Member-Secretary.

The Commission will submit its recommendations within 18 months from the date of its constitution.

It may also submit interim reports on any matters as and when its recommendations are finalized.

10) Answer: B

Short Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for Rabi Season 2025–26 (from 01.10.2025 to 31.03.2026) on Phosphatic and Potassic (P&K) fertilizers.

Detailed Explanation:

The tentative budgetary requirement for Rabi Season 2025–26 is ₹37,952.29 crore, which is approximately ₹736 crore more than the budgetary requirement for Kharif Season 2025.

The subsidy on P&K fertilizers, including Di-Ammonium Phosphate (DAP) and NPKS (Nitrogen, Phosphorus, Potash, Sulphur) grades, will be provided as per the approved rates for Rabi 2025–26 to ensure smooth availability of fertilizers to farmers at affordable prices.

11) Answer: D

Short Explanation:

The 22nd ASEAN-India Summit was held, in Kuala Lumpur, Malaysia, where Prime Minister Narendra Modi participated virtually along with ASEAN leaders.

Detailed Explanation:

The 22nd ASEAN-India Summit was held, in Kuala Lumpur, Malaysia, where Prime Minister Narendra Modi participated virtually along with ASEAN leaders.

The leaders reviewed progress in ASEAN-India relations and discussed initiatives to strengthen the Comprehensive Strategic Partnership.

This marked PM Modi’s 12th participation in the India-ASEAN Summit.

Congratulated Timor Leste on becoming the 11th member of ASEAN, welcoming its first participation as a full member and reaffirming India’s support for its human development.

12) Answer: A

Short Explanation:

United States (US) President Donald Trump and Japanese Prime Minister Sanae Takaichi signed two major agreements on trade and critical minerals in Tokyo.

Under the first agreement, a 15% tariff will apply to Japanese exports in exchange for USD 550 billion Japanese investment in the United States.

Detailed Explanation:

United States (US) President Donald Trump and Japanese Prime Minister Sanae Takaichi signed two major agreements on trade and critical minerals in Tokyo.

Under the first agreement, a 15% tariff will apply to Japanese exports in exchange for USD 550 billion Japanese investment in the United States.

The second agreement created a framework to secure the supply of critical and rare-earth minerals through cooperation in mining and processing.

13) Answer: B

Short Explanation:

Khangchendzonga National Park (Sikkim) was the only Indian site rated “good.”

Detailed Explanation:

The International Union for Conservation of Nature (IUCN) has listed India’s Western Ghats, Manas National Park (Assam), and Sundarbans National Park (West Bengal) among the ailing natural World Heritage sites in Asia (excluding Arab countries).

Manas and Sundarbans National Parks were given a “significant concern” conservation outlook, indicating major threats to their ecosystems.

Khangchendzonga National Park (Sikkim) was the only Indian site rated “good.”

Four Indian sites rated “good with some concerns” include — The Great Himalayan National Park, Kaziranga, Keoladeo, and Nanda Devi–Valley of Flowers.

14) Answer: E

Sri Lankan author Vajra Chandrasekera has been awarded the 2025 Ursula K. Le Guin Prize for Fiction for his speculative novel “Rakesfall.”

The USD 25,000 prize recognises authors whose works of imaginative fiction explore themes such as power, freedom, equity, and humanity’s place in the world.

15) Answer: A

Short Explanation:

Indian Navy will commission its indigenously built Survey Vessel (Large) ‘Ikshak’ at Naval Base Kochi on 6 November 2025, with Chief of Naval Staff Admiral Dinesh Kumar Tripathi presiding over the ceremony.

Detailed Explanation:

Ikshak is the third ship of its class, marking a step forward in the Navy’s commitment to self-reliance and advanced indigenous shipbuilding.

The vessel was built by Garden Reach Shipbuilders & Engineers (GRSE) Ltd, Kolkata, under the supervision of the Directorate of Ship Production and the Warship Overseeing Team (Kolkata).

16) Answer: D

The Reserve Bank of India (RBI) has approved the reappointment of C.S. Rajan as Part-Time Chairman of Kotak Mahindra Bank for a new term from January 1, 2026, to October 21, 2027.

C.S. Rajan has been serving as Part-Time Chairman since January 2024, after being appointed as an Independent Director on the Bank’s Board in October 2022.

17) Answer: C

Short Explanation:

The Indian Space Research Organisation (ISRO) is set to launch CMS-03 Communication Satellite aboard Launch Vehicle Mark-3 (LVM3-M5) on November 2, 2025, from the Satish Dhawan Space Centre, Sriharikota.

Detailed Explanation:

CMS-03, weighing about 4400 kg, will be the heaviest communication satellite launched by India to Geosynchronous Transfer Orbit (GTO).

The LVM3 launch vehicle has been fully assembled and integrated with the satellite and moved to the launch pad on October 26, 2025, for pre-launch operations.

CMS-03 is a multi-band communication satellite designed to enhance communication services across a wide oceanic region including the Indian landmass.

18) Answer: D

Short Explanation:

The Indian Space Research Organisation (ISRO) Chairman V. Narayanan announced that around 90% of the development work for India’s first human spaceflight mission – Gaganyaan – has been completed.

Detailed Explanation:

The Gaganyaan mission includes key technological components such as human-rating the rocket, orbital module, environmental control systems, crew escape system, and parachute systems.

The Vyommitra humanoid will participate in the uncrewed Gaganyaan mission, which will orbit in low Earth orbit before the final crewed mission in 2027 carrying three Indian astronauts.

19) Answer: A

The Life Insurance Corporation of India (LIC) has increased its shareholding in two major fast-moving consumer goods (FMCG) companies — Tata Consumer Products and Dabur India, as per regulatory filings on October 24, 2025.

In Tata Consumer Products, LIC’s stake rose from 6.633% to 8.645%, with the acquisition of over 1.99 crore shares between July 11 and October 23, 2025.

20) Answer: D

Blackstone will acquire a 9.99% stake in Federal Bank for ₹6,196.51 crore through its Singapore-based entity, Asia II Topco XIII Private Limited.

The Federal Bank board approved the proposal on October 24, 2025, subject to clearances from shareholders, RBI, and the Competition Commission of India (CCI).

21) Answer: B

Indian chess grandmasters D Gukesh and Divya Deshmukh won individual gold medals at the European Chess Club Cup 2025, marking a major boost for India ahead of the Chess World Cup 2025 in Goa.

Gukesh’s Victory: Playing for SuperChess, D Gukesh clinched gold on Board 1, leading his team to overall tournament victory.

22) Answer: D

Short Explanation:

Lando Norris (McLaren) clinched a lights-to-flag victory at the Mexico City Grand Prix 2025, taking the lead in the Formula 1 Drivers’ Championship by a narrow margin of one point.

Detailed Explanation:

Norris delivered one of his most dominant performances, finishing 30.3 seconds ahead of Charles Leclerc (Ferrari), while Max Verstappen (Red Bull) secured third place.

Race Start: Norris maintained his lead from pole position after a four-car battle at Turn 1, holding off strong competition.

23) Answer: C

Short Explanation:

India reaffirmed its dominance in youth kabaddi by winning both boys’ and girls’ gold medals at the 2025 Asian Youth Games held in Bahrain.

Detailed Explanation:

India reaffirmed its dominance in youth kabaddi by winning both boys’ and girls’ gold medals at the 2025 Asian Youth Games held in Bahrain.

Both Indian U-18 teams remained unbeaten, underlining the nation’s strong pipeline of kabaddi talent and contributing significantly to India’s overall medal tally.

In the girls’ final, India defeated Iran 75–21, registering the largest victory margin in an Asian Youth Games kabaddi final since 2013.

Neha Patel led the offense with 28 points, while Riya Singh anchored the defence with crucial tackles.

24) Answer: B

Short Explanation:

International Animation Day (IAD) is celebrated annually on October 28 across more than 50 countries to honour the art of animation.

The observance is spearheaded by ASIFA (Association Internationale du Film d’Animation).

Detailed Explanation:

International Animation Day (IAD) is celebrated annually on October 28 across more than 50 countries to honour the art of animation.

The observance is spearheaded by ASIFA (Association Internationale du Film d’Animation).

The day commemorates the birth of projected animation, marking Émile Reynaud’s historic screening in 1892 at Théâtre Optique, Paris — regarded as the world’s first animated film presentation.

ASIFA established IAD in 2002 to promote animation as a medium of artistic and cultural expression.

25) Answer: C

World Stroke Day is observed on the 29th of October 2025.

The campaign program has been organized by the World Stroke Organisation.

The theme for World Stroke Day 2025 is “Every Minute Counts.”

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Daily Current Affairs Quiz – 29th October 2025

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