Daily Current Affairs Quiz – 22nd March 2025

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2025 of 22nd March 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 financial institution has introduced two new passive schemes tracking the BSE PSU Bank Index?

a) HDFC Mutual Fund

b) ICICI Prudential Mutual Fund

c) SBI Mutual Fund

d) Axis Mutual Fund

e) Kotak Mahindra Mutual Fund

2) Which regulatory body has reduced the minimum investment amount for Zero Coupon Zero Principal (ZCZP) instruments on the Social Stock Exchange (SSE)?

a) Reserve Bank of India (RBI)

b) Securities and Exchange Board of India (SEBI)

c) Ministry of Finance

d) National Stock Exchange (NSE)

e) Bombay Stock Exchange (BSE)

3) For how many additional years have RRBs been allowed to amortise pension-related expenditure from FY25 onwards?

a) 3 years

b) 4 years

c) 5 years

d) 6 years

e) 7 years

4) As per the report, the Revised National Program for Dairy Development (NPDD) was approved by the Union Cabinet. How much additional funding has been allocated to the NPDD under the revised program?

a) ₹500 crore

b) ₹750 crore

c) ₹1000 crore

d) ₹1250 crore

e) ₹1500 crore

5) What is the total budget of RGM for the 15th Finance Commission cycle (2021-22 to 2025-26)?

a) ₹2000 crore

b) ₹2500 crore

c) ₹3400 crore

d) ₹4000 crore

e) ₹5000 crore

6) Where is the new Brownfield Ammonia-Urea Complex being set up?

a) Paradeep, Odisha

b) Namrup, Assam

c) Kochi, Kerala

d) Panipat, Haryana

e) Kakinada, Andhra Pradesh

7) What is the total financial outlay for the Incentive Scheme for Low-Value BHIM-UPI Transactions (P2M) for FY 2024-25?

a) ₹500 crore

b) ₹1,000 crore

c) ₹1,500 crore

d) ₹2,000 crore

e) ₹2,500 crore

8) What is the total length of the approved Greenfield National Highway from JNPA Port to Chowk?

a) 15.5 km

b) 29.2 km

c) 45.3 km

d) 60.8 km

e) 75.2 km

9) Who has been appointed as the Executive Director (ED) of the Reserve Bank of India (RBI) effective March 19, 2025?

a) Shaktikanta Das

b) Indranil Bhattacharyya

c) Raghuram Rajan

d) Urjit Patel

e) Viral Acharya

10) Who has been appointed as the Interim Managing Director & CEO of Edelweiss Asset Reconstruction Company (EARC)?

a) Rashmi Verma

b) Arundhati Bhattacharya

c) Mythili Balasubramanian

d) Shikha Sharma

e) Usha Ananthasubramanian

11) Which of the following individuals has NOT been appointed as a new member of the Insurance Advisory Committee reconstituted by the Insurance Regulatory and Development Authority of India (IRDAI)?

(a) MR Kumar – Former LIC Chairman, now Non-Executive Chairman of Bank of India

(b) Dinesh Kumar Khara – Former SBI Chairman

(d) Nilesh Shah – MD, Kotak Mahindra Asset Management Company

(e) Raghuram Rajan – Former RBI Governor

12) Which fintech company has acquired a 43.5% strategic stake in Mindgate Solutions?

a) Razorpay

b) Paytm

c) PayU

d) Stripe

e) PhonePe

13) What percentage stake has Hindustan Unilever Ltd (HUL) acquired in Lucro Plastecycle Pvt Ltd?

a) 10%

b) 12.5%

c) 14.3%

d) 18%

e) 20%

14) What percentage stake is Bain Capital acquiring in Manappuram Finance Ltd?

a) 10%

b) 18%

c) 15%

d) 20%

e) 25%

15) How much has the DAC approved for military modernization proposals?

a) ₹30,000 crore

b) ₹45,000 crore

c) ₹54,000 crore

d) ₹60,000 crore

e) ₹75,000 crore

16) Which organization under the Ministry of Railways signed an MoU with IIT Madras for Hyperloop research?

a) Indian Railway Catering and Tourism Corporation (IRCTC)

b) Research Designs and Standards Organisation (RDSO)

c) Dedicated Freight Corridor Corporation of India (DFCCIL)

d) Railway Board

e) National High-Speed Rail Corporation

17) Which organization signed an MoU with Kyndryl Solutions Private Limited to accelerate innovation in India’s startup ecosystem?

a) NITI Aayog

b) Ministry of Finance

c) Department for Promotion of Industry and Internal Trade (DPIIT)

d) Ministry of Electronics and IT (MeitY)

e) Small Industries Development Bank of India (SIDBI)

18) Which bank has signed an MoU with DPIIT to support startups, innovators, and entrepreneurs across India?

a) State Bank of India (SBI)

b) HDFC Bank

c) Axis Bank

d) ICICI Bank

e) YES Bank

19) In which year was Kirsty Coventry elected as the President of the International Olympic Committee (IOC)?

a) 2020

b) 2022

c) 2023

d) 2025

e) 2027

20) Which country became the first team to qualify for the 2026 FIFA World Cup after the host nations?

a) South Korea

b) Germany

c) Japan

d) Brazil

e) Argentina

Answers :

1) Answer: C

Short Explanation:

SBI Mutual Fund has introduced two new passive schemes – SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF, that will track the BSE PSU Bank Index.

These funds provide exposure to India’s public sector banking sector and will be available for subscription during the New Fund Offer (NFO) period from March 17 to March 20, 2025.

Detailed Explanation:

SBI Mutual Fund has introduced two new passive schemes – SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF, that will track the BSE PSU Bank Index.

These funds provide exposure to India’s public sector banking sector and will be available for subscription during the New Fund Offer (NFO) period from March 17 to March 20, 2025.

The SBI BSE PSU Bank Index Fund is an open-ended index fund, while the SBI BSE PSU Bank ETF is an exchange-traded fund (ETF) that will be listed on the NSE and BSE.

Both funds aim to replicate or track the performance of the BSE PSU Bank Index.

At least 95% of the total assets of these funds will be invested in securities that are part of the BSE PSU Bank Index.

2) Answer: B

Short Explanation:

The Securities and Exchange Board of India (SEBI) has reduced the minimum investment amount for Zero Coupon Zero Principal (ZCZP) instruments on the Social Stock Exchange (SSE) from ₹10,000 to ₹1,000.

Detailed Explanation:

This move aims to enhance retail participation in social impact investments by making them more accessible to smaller investors.

ZCZP instruments are financial tools that allow investors to contribute funds to non-profit organizations (NPOs) listed on the SSE without expecting any financial returns, thereby supporting various social causes.

3) Answer: C

Short Explanation:

The Reserve Bank of India has allowed Regional Rural Banks (RRBs) an additional five years from FY25 to amortise pension-related expenditure.

Detailed Explanation:

The Reserve Bank of India has allowed Regional Rural Banks (RRBs) an additional five years from FY25 to amortise pension-related expenditure.

The extension was granted due to difficulties in absorbing increased liabilities in a single year.

Earlier, RRBs were permitted to amortise liabilities under the Employee Pension Scheme 2018 over five years from FY19.

RRBs must implement the pension scheme with effect from November 1, 1993.

If the expenditure is not fully charged to the profit and loss account in FY25, it can be amortised over a maximum of five years, starting March 31, 2025.

4) Answer: C

Short Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Revised National Program for Dairy Development (NPDD), a Central Sector Scheme, with an additional funding of ₹1000 crore, raising the total budget to ₹2790 crore for the 15th Finance Commission cycle (2021-22 to 2025-26).

Detailed Explanation:

Enhancing Dairy Infrastructure: Expansion of milk procurement, processing capacity, and quality control systems.

Market Access & Pricing: Helps farmers get better market reach and pricing through value addition.

Supply Chain Efficiency: Strengthens logistics, leading to higher farmer incomes and rural development.

Milk chilling plants, testing laboratories, and certification systems.

Formation of new village dairy cooperative societies.

Strengthening milk procurement in the North Eastern Region (NER), hilly areas, and Union Territories (UTs).

Formation of 2 Milk Producer Companies (MPCs) with grant support.

5) Answer: C

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Revised Rashtriya Gokul Mission (RGM) as a Central Sector component under the Development Programmes scheme.

The mission has been allocated an additional ₹1000 crore, bringing the total budget to ₹3400 crore for the 15th Finance Commission cycle (2021-22 to 2025-26).

35% capital cost assistance for setting up 30 housing facilities with a total capacity of 15,000 heifers.

6) Answer: B

Short Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the setting up of a new Brownfield Ammonia-Urea Complex at Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), Namrup, Assam.

Detailed Explanation:

Annual Production Capacity: 12.7 Lakh Metric Tonnes (LMT) of Urea.

Project Cost: ₹10,601.40 crore.

Funding Structure: Debt-Equity Ratio of 70:30.

Implementation Mode: Joint Venture (JV) under the New Investment Policy, 2012 (amended on 7th October 2014).

7) Answer: C

Short Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Incentive Scheme for Promotion of Low-Value BHIM-UPI Transactions (Person to Merchant – P2M) for the financial year 2024-25.

Total Outlay: ₹1,500 crore.

Detailed Explanation:

Total Outlay: ₹1,500 crore.

Implementation Period: April 1, 2024 – March 31, 2025.

Eligibility: Transactions up to ₹2,000 for small merchants only.

Incentive Rate: 0.15% of the transaction value for small merchants.

Zero MDR (Merchant Discount Rate) across all transactions.

8) Answer: B

Short Explanation:

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Shri Narendra Modi, has approved the construction of a 6-lane access-controlled Greenfield High-Speed National Highway from JNPA Port (Pagote) to Chowk (Maharashtra).

Total Length: 29.219 km

Total Capital Cost: ₹4,500.62 crore

Detailed Explanation:

Total Length: 29.219 km

Total Capital Cost: ₹4,500.62 crore

Mode of Implementation: Build, Operate, and Transfer (BOT) Model

Strategic Importance of the Project

Improves road connectivity to major & minor ports under the PM Gati Shakti National Master Plan.

Enhances logistical efficiency of JNPA Port & Navi Mumbai International Airport.

Reduces congestion & travel time on the Mumbai-Pune Expressway & NH-48.

9) Answer: B

Short Explanation:

Indranil Bhattacharyya has been appointed as Executive Director (ED) of the Reserve Bank of India (RBI), effective March 19, 2025.

He will oversee the Department of Economic and Policy Research (DEPR).

Research Interests: Monetary theory, Financial markets, Market microstructure, Fiscal policy

Detailed Explanation:

Indranil Bhattacharyya has been appointed as Executive Director (ED) of the Reserve Bank of India (RBI), effective March 19, 2025.

He will oversee the Department of Economic and Policy Research (DEPR).

Research Interests: Monetary theory, Financial markets, Market microstructure, Fiscal policy

Previous Position: Adviser in RBI’s Monetary Policy Department.

Experience: Nearly three decades in monetary policy, fiscal policy, banking, and international economic relations.

International Experience: Served as an Economic Expert in the Technical Office of the Governor at Qatar Central Bank (2009–2014).

Education: Postgraduate degree in Economics from Jawaharlal Nehru University (JNU), New Delhi.

10) Answer: C

Short Explanation:

Mythili Balasubramanian has been appointed as Interim Managing Director & CEO of Edelweiss Asset Reconstruction Company (EARC), effective immediately until 30 September, 2025.

Detailed Explanation:

Mythili Balasubramanian has been appointed as Interim Managing Director & CEO of Edelweiss Asset Reconstruction Company (EARC), effective immediately until 30 September, 2025.

She has been with EARC for nearly five years and brings over four decades of experience in banking, NPA resolution, and IBC processes.

The Board of Directors has formed a Search Committee to identify the next MD & CEO, with Korn Ferry, a global executive search firm, leading the selection process.

An asset reconstruction company is a special type of financial institution that buys the debtors of the bank at a mutually agreed value and attempts to recover the debts or associated securities by itself.

11) Answer: E

Short Explanation:

Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted the Insurance Advisory Committee, appointing five new members.

The new members are:

MR Kumar – Former LIC Chairman, now Non-Executive Chairman of Bank of India

Dinesh Kumar Khara – Former SBI Chairman

Visakha Mule – CEO of Aditya Birla Capital

Nilesh Shah – MD, Kotak Mahindra Asset Management Company

Detailed Explanation:

Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted the Insurance Advisory Committee, appointing five new members.

The appointments are made under Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (Insurance Advisory Committee) Regulations, 2000.

The new members are:

MR Kumar – Former LIC Chairman, now Non-Executive Chairman of Bank of India

Dinesh Kumar Khara – Former SBI Chairman

Visakha Mule – CEO of Aditya Birla Capital

Nilesh Shah – MD, Kotak Mahindra Asset Management Company

12) Answer: C

Short Explanation:

PayU, the fintech arm of Prosus, has acquired a 43.5% strategic stake in Mindgate Solutions, a real-time payments tech company.

Detailed Explanation:

PayU, the fintech arm of Prosus, has acquired a 43.5% strategic stake in Mindgate Solutions, a real-time payments tech company.

This partnership strengthens PayU’s presence in India’s real-time payments sector while leveraging Mindgate’s expertise to drive global digital payment innovations.

Mindgate’s founders will retain majority ownership.

The investment will help PayU contribute to India’s evolving digital payment landscape, particularly in instant payment systems like UPI, developed by NPCI.

13) Answer: C

Short Explanation:

Hindustan Unilever Ltd (HUL) has approved an investment to acquire a 14.3% stake in Lucro Plastecycle Pvt Ltd.

Detailed Explanation:

Hindustan Unilever Ltd (HUL) has approved an investment to acquire a 14.3% stake in Lucro Plastecycle Pvt Ltd.

This move aligns with HUL’s commitment to a circular economy by enhancing plastic recycling and increasing the use of recycled content in packaging.

Lucro Plastecycle Pvt Ltd is an integrated waste management and recycling firm focused on post-consumer flexible plastics.

14) Answer: B

Short Explanation:

Bain Capital, a US-based private investment firm, will invest ₹4,385 crore to acquire an 18% stake in Manappuram Finance Ltd.

Detailed Explanation:

Bain Capital, a US-based private investment firm, will invest ₹4,385 crore to acquire an 18% stake in Manappuram Finance Ltd.

The deal gives Bain Capital joint control of India’s second-largest gold financier, while existing promoters will remain fully invested.

The investment aims to drive growth, enhance operational excellence, strengthen leadership, and expand presence across key segments.

15) Answer: C

Short Explanation:

India’s Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, has granted initial approval for military modernization proposals totaling over ₹54,000 crore (approximately $6.26 billion).

Detailed Explanation:

These acquisitions aim to enhance the operational capabilities of the Indian Army, Navy, and Air Force, with a significant focus on indigenous development and production.

Airborne Early Warning and Control (AEW&C) Systems: Procurement of six ‘Netra’ AEW&C aircraft to bolster the Air Force’s surveillance and reconnaissance capabilities.

16) Answer: B

Short Explanation:

India has taken a significant step towards developing Hyperloop technology by establishing a Centre of Excellence at IIT Madras.

The Research Designs and Standards Organisation (RDSO), under the Ministry of Railways, has signed a Memorandum of Understanding (MoU) with IIT Madras, allocating ₹20.89 crore for research and infrastructure development.

Detailed Explanation:

India has taken a significant step towards developing Hyperloop technology by establishing a Centre of Excellence at IIT Madras.

Still in nascent stages with no standardized technical or safety parameters globally.

Expected to be faster, more energy-efficient, and sustainable than current transportation methods.

Funding: ₹20.89 crore for research and facility setup.

Objective: Develop a sub-scale model of Hyperloop Pod, Test Track, and Vacuum Tube Facility.

17) Answer: C

Short Explanation:

The Department for Promotion of Industry and Internal Trade (DPIIT) and Kyndryl Solutions Private Limited have signed a Memorandum of Understanding (MoU) to accelerate innovation and scale India’s startup ecosystem.

Detailed Explanation:

The collaboration aims to support startups in manufacturing and IT sectors by leveraging Kyndryl’s expertise in digital transformation and Generative AI solutions.

Enhancing Startup Growth: DPIIT and Kyndryl will empower startups through mentorship, infrastructure support, and market access.

18) Answer: E

Short Explanation:

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK to support startups, innovators, and entrepreneurs across India.

Detailed Explanation:

This collaboration will enhance financial access, market linkages, and mentorship opportunities for early-stage ventures.

Facilitating Market Linkages & Funding Access: Startups will gain better access to financial resources and investment opportunities.

Mentorship & Infrastructure Support: Guidance on business growth, financial planning, and credit management.

Leveraging YES BANK’s Expertise: Utilization of YES BANK’s HeadStartup program, which offers working capital solutions, credit access, and cash flow management.

19) Answer: D

Short Explanation:

On 20 March 2025, Kirsty Coventry, an Olympic legend from Zimbabwe, made history by becoming the first female and first African president of the International Olympic Committee (IOC) in its 130-year history.

Detailed Explanation:

On 20 March 2025,Kirsty Coventry, an Olympic legend from Zimbabwe, made history by becoming the first female and first African president of the International Olympic Committee (IOC) in its 130-year history.

Kirsty Coventry – 49 votes (secured an immediate majority)

Juan Antonio Samaranch Jr. – 28 votes

Sebastian Coe – 8 votes

Other candidates: David Lappartient (France), Prince Feisal (Jordan), Johan Eliasch (Sweden), and Morinari Watanabe (Japan) secured minimal votes.

20) Answer: C

Japan secured a spot in the 2026 FIFA World Cup, becoming the first team to qualify after host nations (United States, Canada, and Mexico).

Match Result: Defeated Bahrain 2-0 at Saitama Stadium on March 20, 2025.

Goal Scorers:

Daichi Kamada (Second Half)

Takefusa Kubo (Second Half)

Eighth Consecutive World Cup Appearance: Japan continues its streak of playing in every World Cup since 1998.

This post was last modified on March 22, 2025 6:05 pm

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Daily Current Affairs Quiz – 22nd March 2025

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