Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 02nd April 2025. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2025 & other competitive exams can make use of these Current Affairs Quiz.
1) Recently, the Reserve Bank of India (RBI) has introduced revised prudential norms for Government of India-guaranteed Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs). Which of the following statements is true regarding dividend payments under the new RBI guidelines?
a) Dividends can be paid using both cash and non-cash SRs
b) Banks can distribute dividends from non-cash SRs
c) Dividends are prohibited from the portion deducted from CET1 capital
d) Dividends can only be paid if SRs are rated BBB or above
e) There are no restrictions on dividend payments from SRs
2) Where was the RBI conference for large-sized NBFCs held in March 2025?
a) Mumbai
b) Chennai
c) New Delhi
d) Bengaluru
e) Kolkata
3) Which of the following was a major reason for the decline in India’s foreign assets during October-December 2024?
a) Decline in foreign direct investment (FDI)
b) Reduction in external commercial borrowings
c) Decrease in reserve assets by US$ 70.1 billion
d) Fall in non-resident deposits
e) Decrease in gold imports
4) What is the WMA limit set by the RBI for the first half of the financial year 2025-26 (April-September 2025)?
a) Rs 1,00,000 crore
b) Rs 1,25,000 crore
c) Rs 1,75,000 crore
d) Rs 1,50,000 crore
e) Rs 2,00,000 crore
5) From which date will weak urban co-operative banks (UCBs) transition to the Prompt Corrective Action (PCA) framework?
a) January 1, 2025
b) March 31, 2025
c) April 1, 2025
d) July 1, 2025
e) December 31, 2025
6) How much is the total worth of development projects and welfare schemes launched by Union Home Minister Amit Shah in Bihar?
a) ₹800 crore
b) ₹700 crore
c) ₹600 crore
d) ₹1,000 crore
e) ₹1,200 crore
7) Where is the 6th BIMSTEC Summit scheduled to take place on April 4, 2025?
a) New Delhi, India
b) Colombo, Sri Lanka
c) Dhaka, Bangladesh
d) Bangkok, Thailand
e) Kathmandu, Nepal
8) Which Indian state has recently undertaken the renaming of places as per cultural and historical significance?
a) Uttar Pradesh
b) Madhya Pradesh
c) Uttarakhand
d) Rajasthan
e) Gujarat
9) By what percentage did India’s GST collections increase year-on-year (YoY) in March 2025?
a) 7.3%
b) 8.6%
c) 9.4%
d) 9.9%
e) 11%
10) Which eminent historian and archaeologist will be conferred with the prestigious Ugadi Award by the Andhra Pradesh government?
a) R. Balakrishnan
b) MyNaa Swamy
c) Iravatham Mahadevan
d) K. Krishna Murthy
e) B.B. Lal
11) Which bank has Ambuj Chandna joined as MD and Head of the Consumer Banking Group?
a) HDFC Bank
b) ICICI Bank
c) Axis Bank
d) DBS Bank India
e) Kotak Mahindra Bank
12) Which Indian Foreign Service (IFS) officer has been appointed as the Private Secretary to Prime Minister Narendra Modi?
a) Nidhi Tewari
b) Ruchi Ghanashyam
c) Vijay Gokhale
d) Harsh Vardhan Shringla
e) Syed Akbaruddin
13) Which Tata Group-owned electronics retail chain has appointed Shibashish Roy as its CEO and MD?
a) Titan
b) Croma
c) Tanishq
d) Tata Cliq
e) Westside
14) Recently, the Aditya Birla Capital Limited completes amalgamation of Aditya Birla Finance Limited. Which regulatory body approved the merger through its Ahmedabad Bench?
a) Reserve Bank of India (RBI)
b) Securities and Exchange Board of India (SEBI)
c) National Company Law Tribunal (NCLT)
d) Competition Commission of India (CCI)
e) Ministry of Corporate Affairs (MCA)
15) What is the name of the India-US bilateral tri-service exercise scheduled from April 2 to April 13, 2025?
a) Malabar
b) Yudh Abhyas
c) Vajra Prahar
d) Tiger Triumph
e) Cope India
16) What is the name of the SpaceX mission that became the first human spaceflight to fly directly over Earth’s polar regions?
a) Polaris Dawn
b) Inspiration4
c) Fram2
d) Axiom Mission 3
e) Artemis II
17) What is the size of the ground station antenna that Dhruva Space is integrating with Infostellar’s network?
a) 2.4m
b) 3.8m
c) 5.0m
d) 6.2m
e) 8.4m
18) Who won the main MotoGP race at the Grand Prix of the Americas?
a) Jorge Martin
b) Fabio Quartararo
c) Francesco Bagnaia
d) Marc Marquez
e) Alex Marquez
19) How many total medals did India win at the Asian Wrestling Championships 2025 held in Amman, Jordan?
a) 7
b) 8
c) 9
d) 10
e) 11
20) When is World Autism Awareness Day observed annually?
a) March 21
b) April 2
c) May 5
d) June 18
e) December 3
Answers :
1) Answer: C
Short Explanation:
The Reserve Bank of India (RBI) has introduced revised prudential norms for Government of India-guaranteed Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs).
Non-cash SRs must be deducted from Common Equity Tier 1 (CET1) capital, and no dividends can be paid from this portion.
Detailed Explanation:
The Reserve Bank of India (RBI) has introduced revised prudential norms for Government of India-guaranteed Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs).
Reversal of Excess Provisions:
Banks and financial institutions can reverse excess provisions to their Profit & Loss (P&L) accounts if the sale consideration consists only of cash and Government-guaranteed SRs.
Non-cash SRs must be deducted from Common Equity Tier 1 (CET1) capital, and no dividends can be paid from this portion.
Valuation of SRs:
Government-guaranteed SRs must be valued periodically based on the Net Asset Value (NAV) declared by ARCs, linked to recovery ratings.
2) Answer: B
Short Explanation:
The Reserve Bank held a Conference for large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai.
The theme of the conference was ‘Shared Vision, Shared Responsibility: Strengthening the NBFCs’.
Detailed Explanation:
The Reserve Bank held a Conference for large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai.
The theme of the conference was ‘Shared Vision, Shared Responsibility: Strengthening the NBFCs’.
This conference is part of RBI’s ongoing supervisory engagements with key stakeholders, ensuring the resilience and sustainability of the NBFC sector.
Attended by over 200 participants, the event saw the participation of chairpersons of the Audit Committee of the Board (ACB), managing directors & CEOs of NBFCs, statutory auditors, and RBI executive directors in charge of regulation, supervision, and enforcement.
NBFCs must avoid risks beyond their absorption capacity while ensuring fairness in lending and recovery.
Robust grievance redress mechanisms are essential for customer protection.
Auditors must maintain high standards of objectivity, transparency, and ethics.
Over 200 industry leaders attended the RBI conference on strengthening NBFCs.
3) Answer: C
Short Explanation:
The Reserve Bank of India (RBI) has released data related to India’s International Investment Position for end-December 2024.
The decline in Indian residents’ foreign assets during October-December 2024 was mainly due to a US$ 70.1 billion decrease in reserve assets.
Detailed Explanation:
The Reserve Bank of India (RBI) has released data related to India’s International Investment Position for end-December 2024.
It reported that net claims of non-residents in India increased by US$ 11 billion during Q3:2024-25, reaching US$ 364.5 billion in December 2024.
Foreign assets of Indian residents declined by US$ 40.1 billion, and claims of non-residents in India also dropped by US$ 29.1 billion, leading to an increase in India’s net foreign liabilities.
The decline in Indian residents’ foreign assets during October-December 2024 was mainly due to a US$ 70.1 billion decrease in reserve assets.
However, reserve assets recorded an increase of US$ 13.2 billion compared to December 2023.
4) Answer: D
Short Explanation:
The Reserve Bank of India (RBI) stated that it has decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the first half of the financial year 2025-26 (April to September 2025) will be Rs 1,50,000 crore.
Detailed Explanation:
The Reserve Bank of India (RBI) stated that it has decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the first half of the financial year 2025-26 (April to September 2025) will be Rs 1,50,000 crore.
This may trigger the fresh flotation of market loans when the Government of India utilises 75 percent of the WMA limit.
RBI, in consultation with the Government of India, retains the flexibility to revise the limit at any time, taking into consideration the prevailing circumstances.
5) Answer: C
Short Explanation:
About 500 weak urban co-operative banks (UCBs), which are currently under RBI’s Supervisory Action Framework (SAF), will transition to the Prompt Corrective Action (PCA) framework for remedial action with effect from April 1, 2025.
Detailed Explanation:
About 500 weak urban co-operative banks (UCBs), which are currently under RBI’s Supervisory Action Framework (SAF), will transition to the Prompt Corrective Action (PCA) framework for remedial action with effect from April 1, 2025.
The central bank’s PCA framework will replace the SAF for financially unsound and poorly managed UCBs from the mentioned date.
The objective of the PCA framework is to enable supervisory intervention at an appropriate time, requiring the UCBs to implement remedial measures promptly to restore their financial health.
The PCA framework does not preclude RBI from taking any other action as it deems fit, in addition to the corrective actions prescribed in the framework.
6) Answer: A
Short Explanation:
Union Home Minister Amit Shah launched a series of development projects and welfare schemes worth over ₹800 crore in Bihar, focusing on cooperative sector growth, urban development, law enforcement infrastructure, and transportation projects.
Detailed Explanation:
Union Home Minister Amit Shah launched a series of development projects and welfare schemes worth over ₹800 crore in Bihar, focusing on cooperative sector growth, urban development, law enforcement infrastructure, and transportation projects.
The event was attended by Bihar Chief Minister Nitish Kumar, Deputy Chief Ministers Samrat Choudhary and Vijay Kumar Sinha, along with other dignitaries.
7) Answer: D
Short Explanation:
The 6th Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is set to take place on April 4 in Bangkok, Thailand, under the theme “Prosperous, Resilient, and Open BIMSTEC,” according to a release from the BIMSTEC Secretariat.
Detailed Explanation:
The 6th Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is set to take place on April 4 in Bangkok, Thailand, under the theme “Prosperous, Resilient, and Open BIMSTEC,” according to a release from the BIMSTEC Secretariat.
The summit, being held three years after the 5th Summit in Colombo (which was conducted virtually in 2022), will be preceded by a meeting of BIMSTEC Senior Officials on April 2 and a meeting of BIMSTEC Foreign or External Affairs Ministers on April 3.
According to the release, the summit aims to strengthen collaboration among the seven member states—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—to address shared security and developmental challenges.
The agenda includes adopting the 6th BIMSTEC Summit Declaration, which will outline the leaders’ vision and directives, as well as the Bangkok Vision 2030, a pioneering roadmap for future cooperation among member states.
8) Answer: C
Short Explanation:
Chief Minister Pushkar Singh Dhami announced the renaming of various places in Haridwar, Dehradun, Nainital, and Udham Singh Nagar districts of Uttarakhand.
Detailed Explanation:
Chief Minister Pushkar Singh Dhami announced the renaming of various places in Haridwar, Dehradun, Nainital, and Udham Singh Nagar districts of Uttarakhand.
The renaming is being done in accordance with public sentiment, Indian culture, and heritage.
The initiative aims to honor great personalities who have contributed to the preservation of Indian culture.
Renamed Places:
Haridwar district:
Aurangzebpur → Shivaji Nagar
Gajiwali → Arya Nagar
Chandpur → Jyotiba Phule Nagar
Mohammadpur Jat → Mohanpur Jat
Khanpur Kursli → Ambedkar Nagar
Indrishpur → Nandpur
Khanpur → Shri Krishna Pur
Akbarpur Fazalpur → Vijayanagar
Dehradun district:
Miyanwala → Ramji Wala
Pirwala → Kesari Nagar
Chandpur Khurd → Prithviraj Nagar
Abdullah Nagar → Daksh Nagar
Nainital district:
Nawabi Road → Atal Marg
Panchakki to ITI road → Guru Golwalkar Marg
Udham Singh Nagar district:
Sultanpur Patti municipal council → Kaushalya Puri
9) Answer: D
Short Explanation:
India’s Goods and Services Tax (GST) collections saw a 9.9% year-on-year (YoY) increase, reaching ₹1.96 lakh crore in March 2025.
Detailed Explanation:
India’s Goods and Services Tax (GST) collections saw a 9.9% year-on-year (YoY) increase, reaching ₹1.96 lakh crore in March 2025.
This reflects robust economic activity and improved tax compliance.
Breakdown of GST Collections – March 2025
GST Performance in FY25
Cumulative GST collections (FY25): ₹22.08 lakh crore (+9.4% YoY).
Net GST collections after refunds: ₹19.56 lakh crore (+8.6% YoY).
Government target: 11% YoY growth in GST revenues (₹11.78 lakh crore from CGST & compensation cess).
10) Answer: B
Short Explanation:
The Andhra Pradesh government has announced that eminent historian and archaeologist MyNaa Swamy will be conferred with the prestigious Ugadi Award for his exceptional contributions to historical research and social service.
Chief Minister N. Chandrababu Naidu will present the award at a special ceremony in Vijayawada.
Detailed Explanation:
The Andhra Pradesh government has announced that eminent historian and archaeologist MyNaa Swamy will be conferred with the prestigious Ugadi Award for his exceptional contributions to historical research and social service.
Chief Minister N. Chandrababu Naidu will present the award at a special ceremony in Vijayawada.
Ugadi Award: A Prestigious Honor
The Ugadi Award is one of the highest civilian honors given by the Andhra Pradesh government to individuals excelling in various fields. This year, MyNaa Swamy has been recognized for his remarkable work in historical research and epigraphy.
Award Components
The ‘Kalaratna’ title
The prestigious ‘Hamsa’ medal
A certificate of appreciation
A cash prize
11) Answer: D
Short Explanation:
Ambuj Chandna, a long-time executive at Kotak Mahindra Bank, has joined DBS Bank India as MD and Head of Consumer Banking Group.
He replaced Prashant Joshi, who joined DBS in August 2020, shortly after the bank acquired the distressed Lakshmi Vilas Bank.
Detailed Explanation:
Ambuj Chandna, a long-time executive at Kotak Mahindra Bank, has joined DBS Bank India as MD and Head of Consumer Banking Group.
He previously served as President and Head of Consumer Bank (Products) at Kotak Mahindra Bank.
Chandna’s move to DBS comes after more than 16 years at Kotak, where he held several leadership roles.
He replaced Prashant Joshi, who joined DBS in August 2020, shortly after the bank acquired the distressed Lakshmi Vilas Bank.
Chandna’s appointment comes just weeks after Rajat Verma took charge as the CEO of DBS Bank India, marking one of the first significant leadership changes under Verma’s tenure.
In December 2024, Verma, who previously headed the Institutional Banking Group, was announced as the new CEO, succeeding Surojit Shome.
12) Answer: A
Short Explanation:
Indian Foreign Service (IFS) officer Nidhi Tewari has been appointed as the Private Secretary to Prime Minister Narendra Modi.
Detailed Explanation:
Indian Foreign Service (IFS) officer Nidhi Tewari has been appointed as the Private Secretary to Prime Minister Narendra Modi.
According to the memorandum issued by the Department of Personnel and Training (DoPT) on March 29, the Appointments Committee of the Cabinet approved her appointment with immediate effect.
Since January 6, 2023, Tewari has been serving as a Deputy Secretary in the Prime Minister’s Office (PMO).
She joined as an Under Secretary in the PMO in 2022, thus serving over three years at the PMO.
At the PMO, so far, she has worked as Deputy Secretary in the ‘Foreign and Security’ vertical that reports to National Security Advisor Ajit Doval.
13) Answer: B
Short Explanation:
Tata Group’s electronics retail chain Croma has officially named Shibashish Roy as its Chief Executive Officer (CEO) and Managing Director (MD).
Detailed Explanation:
Tata Group’s electronics retail chain Croma has officially named Shibashish Roy as its Chief Executive Officer (CEO) and Managing Director (MD).
As per the company, the appointment is effective from April 1, 2025.
Roy, a Tata Group veteran with over two decades of experience, was appointed CEO in November 2024 and worked closely with outgoing MD Avijit Mitra during a structured transition period that concluded in March 2025.
14) Answer: C
Short Explanation:
Aditya Birla Capital has completed the amalgamation of its wholly-owned subsidiary, Aditya Birla Finance, creating a unified larger NBFC.
The merger follows the National Company Law Tribunal (NCLT) Ahmedabad Bench’s order dated March 24, with the scheme effective from April 1, 2025.
Detailed Explanation:
Aditya Birla Capital has completed the amalgamation of its wholly-owned subsidiary, Aditya Birla Finance, creating a unified larger NBFC.
The merger follows the National Company Law Tribunal (NCLT) Ahmedabad Bench’s order dated March 24, with the scheme effective from April 1, 2025.
The decision to merge was taken in March 2024, subject to statutory and regulatory approvals.
The board approved the appointments of Vishakha Mulye as MD & CEO and Rakesh Singh as Executive Director, subject to regulatory approvals.
Nagesh Pinge and Sunil Srivastav have been appointed as independent directors.
Chairman Kumar Mangalam Birla highlighted the company’s role in India’s economic growth and financial inclusion.
15) Answer: D
Short Explanation:
Exercise Tiger Triumph: India-US bilateral tri-service HADR exercise from April 2 to April 13 on the Eastern Seaboard.
Objective: Develop interoperability for HADR operations, establish a joint coordination centre for rapid crisis response.
Detailed Explanation:
Exercise Tiger Triumph: India-US bilateral tri-service HADR exercise from April 2 to April 13 on the Eastern Seaboard.
Objective: Develop interoperability for HADR operations, establish a joint coordination centre for rapid crisis response.
Indian Participation:
Navy:
INS Jalashwa, INS Gharial, INS Mumbai, INS Shakti with helicopters & landing craft.
P-8I maritime patrol aircraft.
Army:
91 Infantry Brigade, 12 Mechanised Infantry Battalion.
IAF:
C-130 transport aircraft, Mi-17 helicopters, Rapid Action Medical Team (RAMT).
US Participation:
Navy:
USS Comstock, USS Ralph Johnson.
Marines:
Troops from the US Marine Division.
Exercise Phases:
Harbour Phase (April 2-7, Visakhapatnam):
16) Answer: C
Short Explanation:
SpaceX launched the first human spaceflight directly over Earth’s polar regions – a days long, privately funded orbital mission involving four astronauts.
Named “Fram2” after the famed Norwegian ship built in the 19th century for Arctic and Antarctic expeditions, the mission will feature a range of experiments including taking the first X-ray in space and growing mushrooms in microgravity.
Detailed Explanation:
SpaceX launched the first human spaceflight directly over Earth’s polar regions – a days long, privately funded orbital mission involving four astronauts.
Named “Fram2” after the famed Norwegian ship built in the 19th century for Arctic and Antarctic expeditions, the mission will feature a range of experiments including taking the first X-ray in space and growing mushrooms in microgravity.
Fram2 is the first human spaceflight to cruise over Earth’s polar regions.
The four-day privately funded orbital mission lifted off at 7:16 AM IST (9:46 PM, Monday) from NASA’s Kennedy Space Center, Florida, aboard SpaceX Crew Dragon “Resilience” on a Falcon 9 rocket.
17) Answer: B
Short Explanation:
Hyderabad-based Dhruva Space and Japan-based Infostellar have announced a collaboration to integrate Dhruva Space’s 3.8m S&X-band ground station antenna in Hyderabad into Infostellar’s StellarStation.
Detailed Explanation:
Hyderabad-based Dhruva Space and Japan-based Infostellar have announced a collaboration to integrate Dhruva Space’s 3.8m S&X-band ground station antenna in Hyderabad into Infostellar’s StellarStation.
This move aims to expand Infostellar’s global ground station network and improve satellite communications interoperability.
Infostellar plans to onboard the Dhruva Space antenna onto its Cloud-based StellarStation platform, making it accessible to its global client base for enhanced satellite ground segment services.
The integration is subject to necessary licensing approvals from the Indian government.
18) Answer: C
Short Explanation:
Francesco Bagnaia capitalized on Marc Marquez’s crash to secure victory in the main MotoGP race at the Grand Prix of the Americas.
Detailed Explanation:
Francesco Bagnaia capitalized on Marc Marquez’s crash to secure victory in the main MotoGP race at the Grand Prix of the Americas.
Marc Marquez slid off the track on lap nine of 19, dropping to the back and allowing Bagnaia to take the lead.
The Italian Ducati rider secured his first win after a challenging period.
Alex Marquez finished second, moving into the overall championship lead.
Fabio Di Giannantonio of VR46 Racing claimed third place.
19) Answer: D
Short Explanation:
India wrapped up its campaign at the Asian Wrestling Championships 2025 in Amman, Jordan, with a total of 10 medals – 1 gold, 3 silver, and 6 bronze.
Detailed Explanation:
India wrapped up its campaign at the Asian Wrestling Championships 2025 in Amman, Jordan, with a total of 10 medals – 1 gold, 3 silver, and 6 bronze.
Silver Medalists
Deepak Punia (Men’s 92kg) – Lost 10-0 to Amir Hossein Firouzpour (Iran) in the final.
Udit (Men’s 61kg) – Lost 6-4 to Suda Takara (Japan) in the final.
Reetika Hooda (Women’s 76kg) – U23 World Champion secured silver.
Gold Medalist
Manisha Bhanwala (Women’s 62kg) – Won India’s only gold in the tournament.
Bronze Medalists
Dinesh (Men’s 125kg) – Defeated Zyyamuhammet Saparov (Turkmenistan) 14-12.
Antim Panghal (Women’s 53kg) – Secured bronze.
Muskan (Women’s 59kg)
Mansi Lather (Women’s 68kg)
Nitesh (Greco-Roman 97kg)
Sunil Kumar (Greco-Roman 87kg)
20) Answer: B
On April 2nd, World Autism Awareness Day 2025 is observed all over the world.
The 2025 observance, under the theme “Advancing Neurodiversity and the UN Sustainable Development Goals (SDGs)”,
This post was last modified on April 3, 2025 1:49 pm