Banking & Insurance Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Which edition of Bharat Tex did PM Narendra Modi address at Bharat Mandapam on 16 February 2025?
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Correct answer: B — 2nd
The Prime Minister remarked that Bharat Mandapam was witnessing the second (2nd) edition of Bharat Tex.
According to PM Modi at Bharat Tex 2025, what is India's current rank among the world's exporters of textiles and apparel?
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Correct answer: C — 6th
The Prime Minister said India is currently ranked the sixth-largest (6th) exporter of textiles and apparel in the world.
How many countries were participating in Bharat Tex 2025, as stated by the Prime Minister?
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Correct answer: C — 120+
The Prime Minister said more than 120 countries were participating, giving every exhibitor exposure to over 120 countries.
Consider the following statements made by PM Modi at Bharat Tex 2025: 1. India's textile and apparel exports rose 7% in the last year. 2. All twelve communities across the textile value chain were part of the event. 3. The event was being held for the first time in Gandhinagar. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
The PM cited a 7% rise in textile and apparel exports and said all twelve value-chain communities took part; the event was the second edition, held at Bharat Mandapam, New Delhi, so the third statement is wrong.
Addressing Bharat Tex 2025, PM Narendra Modi said the world is adopting which vision, in which India can lead the way?
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Correct answer: A — Fashion for Environment and Empowerment
The Prime Minister said the world is adopting the vision of 'Fashion for Environment and Empowerment', and India can lead the way in it.
Where was Indonesia's International Fleet Review 2025, attended by INS Shardul, held?
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Correct answer: D — Bali
INS Shardul and a P8I aircraft were in Bali, Indonesia, for the International Fleet Review 2025, scheduled from 15 to 22 February.
Which Indian Navy ship represented India at Indonesia's International Fleet Review 2025?
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Correct answer: A — INS Shardul
INS Shardul, along with a P8I long-range maritime surveillance aircraft, took part; INS Mumbai had joined Exercise La Perouse in January 2025.
After the International Fleet Review 2025, INS Shardul and the P8I were to participate in which multilateral naval exercise in Indonesia?
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Correct answer: D — Exercise Komodo
Following IFR 25, both INS Shardul and the P8I were to take part in Exercise Komodo, a multilateral naval exercise.
At which venue did President Droupadi Murmu inaugurate Aadi Mahotsav 2025 on 16 February 2025?
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Correct answer: A — Major Dhyan Chand National Stadium
Aadi Mahotsav 2025 was inaugurated at Major Dhyan Chand National Stadium, New Delhi, and runs from 16 to 24 February.
Aadi Mahotsav is the flagship initiative of which organisation under the Ministry of Tribal Affairs?
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Correct answer: D — TRIFED
Aadi Mahotsav is the flagship initiative of the Tribal Co-operative Marketing Development Federation of India (TRIFED) under the Ministry of Tribal Affairs.
At Aadi Mahotsav 2025, the President said about 1.25 lakh tribal children are being educated in how many Eklavya Model Residential Schools?
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Correct answer: A — More than 470
The President said about 1.25 lakh tribal children are being provided school education through more than 470 Eklavya Model Residential Schools.
PM-JANMAN, highlighted by the Ministry of Tribal Affairs at Aadi Mahotsav 2025, was launched in 2023 with what budget?
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Correct answer: B — ₹24,000 crore
The Ministry said PM-JANMAN, launched in 2023, has a budget of ₹24,000 crore; the Dharti Aba Janjati Gram Utkarsh Abhiyan has ₹80,000 crore.
At the ET Now Global Business Summit 2025, PM Modi described the government's financial inclusion strategy as:
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Correct answer: A — Banking the unbanked, securing the unsecured and funding the unfunded
The Prime Minister said 'Banking the unbanked, Securing the unsecured and Funding the unfunded' has been the government's strategy.
What was India's annual WPI-based inflation rate (provisional) for January 2025?
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Correct answer: B — 2.31%
WPI inflation was 2.31% (provisional) in January 2025, down from 2.37% in December 2024.
What was the inflation rate of the WPI Food Index in January 2025?
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Correct answer: B — 7.47%
WPI Food Index inflation eased to 7.47% in January 2025 from 8.89% in December 2024.
What profit did BSNL report for the third quarter of 2024-25 (in crore rupees)?
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Correct answer: B — 262
BSNL reported a profit of ₹262 crore in Q3 of 2024-25; separately, its losses fell by over ₹1,800 crore compared to last year.
BSNL's Q3 2024-25 profit was its first return to profitability since which year?
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Correct answer: B — 2007
The ₹262 crore Q3 profit marked BSNL's first return to profitability since 2007.
As stated by the CCPA on 14 February 2025, how many notices had it issued so far to coaching institutes for misleading advertisements?
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Correct answer: C — 46
The CCPA had issued 46 notices to coaching institutes and imposed penalties of ₹77.60 lakh on 24 of them.
How many sections did the Income-tax Bill, 2025 contain when it was introduced on 13 February 2025?
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Correct answer: C — 536
The Bill has 536 sections against 819 in the Income-tax Act, 1961, a reduction of 283 sections.
The Income-tax Bill, 2025 replaces the terms 'assessment year' and 'previous year' with:
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Correct answer: C — Tax year
The Bill replaces 'assessment year' and 'previous year' with the simpler 'tax year'.
Who was appointed chairperson of the Lok Sabha Select Committee set up to examine the Income-tax Bill, 2025?
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Correct answer: D — Baijayant Panda
The 31-member Select Committee, constituted on 14 February 2025, is chaired by BJP MP Baijayant Panda.
The Income-tax Bill, 2025 reduces the number of chapters from 47 in the 1961 Act to:
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Correct answer: D — 23
Chapters fall from 47 to 23, a reduction of 24, while tables rise from 18 to 57.
Consider the following statements about the Income-tax Bill, 2025 as introduced: 1. It made no changes to tax rates. 2. It was referred to a Joint Committee of both Houses of Parliament. 3. Over 20,000 online suggestions were received during the simplification exercise. Which of the statements given above is/are correct?
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Correct answer: C — 1 and 3 only
The Bill kept tax rates unchanged, and 20,976 online suggestions were received. It was referred to a Select Committee of the Lok Sabha, not a Joint Committee, so the second statement is wrong.
Under 'Mission 500', announced by PM Modi and President Trump on 13 February 2025, India–US bilateral trade is to reach $500 billion by which year?
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Correct answer: A — 2030
The leaders set 'Mission 500', aiming to more than double total bilateral trade to $500 billion by 2030.
In the India–US 'TRUST' initiative launched on 13 February 2025, what does TRUST stand for?
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Correct answer: A — Transforming the Relationship Utilizing Strategic Technology
TRUST stands for 'Transforming the Relationship Utilizing Strategic Technology', covering defence, AI, semiconductors, quantum, biotechnology, energy and space.
The India–US Joint Statement of February 2025 said the first tranche of which agreement would be negotiated by fall 2025?
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Correct answer: A — Bilateral Trade Agreement
The leaders announced plans to negotiate the first tranche of a multi-sector Bilateral Trade Agreement by fall 2025; for defence, they only called for opening Reciprocal Defense Procurement talks.
Which new initiative did India and the US announce on 13 February 2025 to scale industry partnerships and production of autonomous systems in the Indo-Pacific?
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Correct answer: B — Autonomous Systems Industry Alliance (ASIA)
The leaders announced the Autonomous Systems Industry Alliance (ASIA), building on the US-India Roadmap for Defense Industrial Cooperation.
Consider the following statements about the India–US Joint Statement of February 2025: 1. It announced plans for procurement and co-production of Javelin missiles and Stryker vehicles in India. 2. It announced plans to sign a new ten-year Framework for the Major Defense Partnership in 2025. 3. It described 'Tiger Triumph' as a bilateral naval exercise first held in 2023. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
The statement announced Javelin and Stryker co-production plans and a new ten-year defence framework to be signed that year. Tiger Triumph is a tri-service exercise first held in 2019, so the third statement is wrong.
Which state topped the ranking in the report 'Status of Devolution to Panchayats in States' released on 13 February 2025?
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Correct answer: B — Karnataka
Karnataka topped the devolution ranking, with Kerala second and Tamil Nadu third.
Which institution prepared the report 'Status of Devolution to Panchayats in States' released in February 2025?
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Correct answer: C — Indian Institute of Public Administration
The study and report were prepared by the Indian Institute of Public Administration (IIPA), New Delhi, for the Ministry of Panchayati Raj.
In the February 2025 Panchayat devolution ranking, Uttar Pradesh rose from 15th place to which position?
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Correct answer: B — 5th
Uttar Pradesh jumped ten places, from 15th in the previous index to 5th.
Who chaired the Joint Parliamentary Committee whose report on the Waqf (Amendment) Bill, 2024 was tabled on 13 February 2025?
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Correct answer: D — Jagdambika Pal
BJP MP Jagdambika Pal chaired the committee and tabled the report in the Lok Sabha; Medha Vishram Kulkarni laid it in the Rajya Sabha.
How many members did the Joint Committee on the Waqf (Amendment) Bill, 2024 have?
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Correct answer: A — 31
The committee had 31 members, 21 from the Lok Sabha and 10 from the Rajya Sabha.
Which public sector general insurer posted a profit in Q3 of 2024-25 after a gap of seven years, as stated by the Finance Ministry in February 2025?
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Correct answer: B — United India Insurance Company
United India Insurance posted a profit in Q3 of 2024-25 after seven years, while New India Assurance has been making profits regularly.
In which French city did PM Modi and President Macron jointly inaugurate India's new Consulate General on 12 February 2025?
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Correct answer: A — Marseille
The two leaders jointly inaugurated India's Consulate General in Marseille, France's second most populous city.
Where is the International Thermonuclear Experimental Reactor (ITER), visited by PM Modi and President Macron on 12 February 2025, located?
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Correct answer: A — Cadarache
The leaders visited ITER at Cadarache in southern France, where the world's largest tokamak is being assembled.
India is one of how many members contributing to the ITER fusion project?
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Correct answer: B — 7
India is among the seven ITER members and has contributed to the project for about two decades.
Under the outcomes of PM Modi's February 2025 visit to France, how many Indian start-ups were to be hosted at the French incubator Station F?
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Correct answer: B — 10
An agreement was signed for hosting 10 Indian start-ups at Station F.
Consider the following statements about PM Modi's visit to France in February 2025: 1. It was his sixth visit to France. 2. The decision to open the Marseille consulate was announced during President Macron's visit to India in January 2024. 3. The leaders' visit to ITER was the first by any head of state or government. Which of the statements given above is/are correct?
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Correct answer: C — 1 and 3 only
It was the PM's sixth visit to France, and the ITER visit was the first by any head of state or government. The Marseille consulate was announced during the PM's July 2023 visit to France, so the second statement is wrong.
Under TRAI's amended TCCCPR (February 2025), within how many days of receiving spam can a customer now complain?
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Correct answer: C — 7
Customers can now complain within 7 days of receiving spam, compared with the earlier 3-day limit.
Under the February 2025 TCCCPR amendments, which newly allocated number series is designated for transactional and service calls?
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Correct answer: B — 1600
The new 1600 series is for transactional and service calls, while the 140 series continues for promotional calls.
Consider the following statements about TRAI's amendments to the TCCCPR, 2018 (February 2025): 1. Action against a sender is now triggered by 5 complaints in 10 days. 2. Operators must act against spam from unregistered senders within 5 days instead of 30. 3. Promotional calls must now use the 1600 number series. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
The trigger is now 5 complaints in 10 days and the action deadline for unregistered senders fell from 30 days to 5. Promotional calls stay on the 140 series; 1600 is for transactional and service calls, so the third statement is wrong.
What was India's year-on-year CPI-based retail inflation (provisional) for January 2025?
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Correct answer: B — 4.31%
CPI inflation was 4.31% in January 2025, 91 basis points lower than in December 2024; 6.02% was the food inflation figure.
What was all-India food inflation (CFPI) in January 2025?
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Correct answer: C — 6.02%
CFPI-based food inflation fell 237 basis points to 6.02%; rural food inflation was 6.31% and urban 5.53%.
According to MoSPI, January 2025 CPI inflation was the lowest year-on-year inflation since which month?
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Correct answer: D — August 2024
MoSPI said 4.31% was the lowest year-on-year inflation after August 2024.
Which of the three IIP sectors grew fastest in December 2024?
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Correct answer: A — Electricity
Electricity grew 6.2%, ahead of manufacturing (3.0%) and mining (2.6%); overall IIP growth was 3.2%.
With which leader did PM Modi co-chair the AI Action Summit in Paris on 11 February 2025?
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Correct answer: A — Emmanuel Macron
President Emmanuel Macron of France hosted the summit and invited PM Modi to co-chair it.
In his concluding address at the Paris AI Action Summit, PM Modi welcomed France's decision to set up which two initiatives?
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Correct answer: A — AI Foundation and Council for Sustainable AI
Modi welcomed the decision to set up the 'AI Foundation' and the 'Council for Sustainable AI' and assured India's full support.
To illustrate bias in AI training data, PM Modi said in Paris that an AI app asked to draw a person writing with the left hand would most likely draw:
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Correct answer: D — A person writing with the right hand
He said the app would most likely draw someone writing with the right hand, because that is what dominates the training data.
The High-Level Segment of the AI Action Summit 2025 began on 10 February with a dinner hosted by President Macron at:
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Correct answer: A — Élysée Palace
The High-Level Segment opened with a dinner at the Élysée Palace for heads of state and government, heads of international organisations and AI company CEOs.
Consider the following statements about the AI Action Summit held in Paris in February 2025: 1. India announced that it would host the next AI summit. 2. The summit concluded with the adoption of a Leaders' Statement. 3. PM Modi said the Global Partnership on AI should remain limited to developed economies. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
India offered to host the next summit and the summit adopted a Leaders' Statement. Modi asked for the Global Partnership on AI to be more inclusive of the Global South, so the third statement is wrong.
Under the OMSS (Domestic) policy described on 11 February 2025, at what price (₹ per quintal) can state governments buy FCI rice without e-auction?
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Correct answer: D — 2,250
State governments, their corporations and community kitchens can buy rice at a pan-India price of ₹2,250 per quintal, up to 12 LMT.
Up to how much FCI rice (in lakh metric tonnes) can ethanol distilleries buy under the OMSS (Domestic) policy, as stated in February 2025?
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Correct answer: B — 24
Ethanol distilleries can buy up to 24 LMT at ₹2,250 per quintal; the separate cap for states and their corporations is 12 LMT.
Consider the following statements about the sale of FCI rice under OMSS (Domestic), as described on 11 February 2025: 1. Community kitchens can buy rice at the same ₹2,250 per quintal price as state governments. 2. Supply of FCI rice to ethanol distilleries is allowed only in surplus states. 3. Non-surplus states needing additional rice can buy it without participating in e-auction. Which of the statements given above is/are correct?
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Correct answer: C — 1 and 3 only
Community kitchens get the ₹2,250 price and non-surplus states can buy without e-auction. Rice can be supplied to distilleries in both deficit and surplus states, so the second statement is wrong.
India Energy Week 2025, inaugurated by the PM on 11 February 2025, was which edition of the event?
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Correct answer: C — 3rd
IEW 2025 was the third edition, held at Yashobhoomi, New Delhi, from 11 to 14 February 2025.
At India Energy Week 2025, the PM said India's ethanol blending rate currently stood at about what level?
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Correct answer: D — 19%
He said the blending rate was 19% and India aimed for a 20% ethanol mandate by October 2025.
According to the PM at India Energy Week 2025, the Global Biofuels Alliance now includes:
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Correct answer: A — 28 countries and 12 international organisations
The alliance, set up during India's G20 presidency, now involves 28 countries and 12 international organisations.
Which Israeli minister described his delegation to the India-Israel Business Forum in New Delhi (February 2025) as the biggest-ever Israeli business mission to any country?
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Correct answer: A — Nir Barkat
Nir Barkat, Israel's Minister of Economy and Industry, said his delegation was the biggest-ever mission from Israel to any country.
At the 14th India-France CEOs Forum in Paris (February 2025), PM Modi said roughly how many compliances had been rationalised in the last few years?
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Correct answer: C — Over 40,000
Modi said more than 40,000 compliances had been rationalised and that a high-level committee for regulatory reforms had been constituted.
NITI Aayog's policy report released on 10 February 2025 is described as the first policy document in higher education focused specifically on:
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Correct answer: A — States and State Public Universities
The report 'Expanding Quality Higher Education through States and State Public Universities' focuses specifically on states and SPUs.
At the release of NITI Aayog's report on State Public Universities (February 2025), what share of India's higher education was said to take place in these universities?
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Correct answer: C — 80%
NITI Aayog Member Dr V.K. Paul said about 80% of India's higher education takes place in State Public Universities.
Phase-2 of which India-UK bilateral programme was announced at the Fourth India-UK Energy Dialogue on 10 February 2025?
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Correct answer: C — ASPIRE (Accelerating Smart Power & Renewable Energy in India)
The ministers launched Phase-2 of the Accelerating Smart Power & Renewable Energy in India (ASPIRE) programme.
Who co-chaired the Fourth India-UK Energy Dialogue in New Delhi on 10 February 2025?
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Correct answer: D — Manohar Lal and Ed Miliband
The dialogue was co-chaired by India's Power Minister Manohar Lal and the UK's Secretary for Energy Security and Net Zero, Ed Miliband.
Up to which year was the integrated PM-AASHA scheme approved for continuation, as announced on 10 February 2025?
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Correct answer: A — 2025-26
PM-AASHA is to continue during the 15th Finance Commission cycle up to 2025-26.
Which department administers the Price Stabilisation Fund component of the integrated PM-AASHA scheme?
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Correct answer: B — Department of Consumer Affairs
The Department of Agriculture and Farmers' Welfare runs PSS, PDPS and MIS, while the Department of Consumer Affairs runs the Price Stabilisation Fund.
'Sṛjanam', the automated biomedical waste treatment rig launched at AIIMS New Delhi on 10 February 2025, treats pathogenic waste without using:
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Correct answer: B — Incinerators
The rig disinfects pathogenic biomedical waste without costly and energy-intensive incinerators.
At the launch of 'Sṛjanam' (February 2025), how many tonnes of biomedical waste was India said to generate daily, citing the CPCB's 2023 report?
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Correct answer: D — 743
Dr Jitendra Singh cited the CPCB's 2023 annual report, which put India's biomedical waste generation at 743 tonnes a day.
The India-EFTA Desk inaugurated on 10 February 2025 is meant to:
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Correct answer: D — Act as a single-window mechanism supporting EFTA businesses investing in India
The desk will function as a single-window mechanism to support EFTA businesses looking to invest, expand or set up operations in India.
Which Fijian minister, on his maiden visit to India, held bilateral talks with Rajnath Singh in Bengaluru on 9 February 2025?
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Correct answer: A — Pio Tikoduadua
Rajnath Singh welcomed Fiji's Minister for Defence and Veteran Affairs Pio Tikoduadua on his maiden visit to India.
India and Fiji agreed in February 2025 to institutionalise a Joint Working Group on Defence Cooperation, as envisaged in their MoU on Defence Cooperation signed in which year?
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Correct answer: B — 2017
Both sides agreed to institutionalise the India–Fiji Joint Working Group on Defence Cooperation, as envisaged in the MoU on Defence Cooperation signed in 2017.
During his meeting with Rajnath Singh on 9 February 2025, South Sudan's Defence Minister acknowledged India's efforts in which UN mission?
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Correct answer: D — UNMISS
The South Sudanese side acknowledged India's efforts in the United Nations Mission in South Sudan (UNMISS).
EON-51, for which the Defence Ministry signed a contract with BEL on 8 February 2025, is a:
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Correct answer: D — Electro-optical fire control system
EON-51 is an electro-optical fire control system that searches, detects and classifies targets using electro-optical and thermal imagers.
The 28 EON-51 systems ordered from BEL in February 2025 are meant for which Indian Navy vessels?
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Correct answer: A — 11 New Generation Offshore Patrol Vessels and three Cadet Training Ships
The systems are for 11 New Generation Offshore Patrol Vessels and three Cadet Training Ships.
Under which Defence Acquisition category was the ₹642 crore contract for 28 EON-51 systems signed with BEL in February 2025?
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Correct answer: D — Buy (Indian-IDDM)
The contract for 28 EON-51 systems, worth ₹642.17 crore, was signed under the Buy (Indian-IDDM) category.
To what level did the RBI's Monetary Policy Committee cut the policy repo rate on 7 February 2025?
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Correct answer: C — 6.25%
The MPC cut the repo rate by 25 basis points from 6.50% to 6.25%.
After the RBI's policy decision of 7 February 2025, at what rate did the standing deposit facility (SDF) stand?
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Correct answer: B — 6.00%
With the repo rate at 6.25%, the SDF rate was adjusted to 6.00% and the MSF rate and Bank Rate to 6.50%.
Who chaired the 53rd meeting of the RBI's Monetary Policy Committee held from 5 to 7 February 2025?
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Correct answer: C — Sanjay Malhotra
The 53rd MPC meeting was chaired by Governor Sanjay Malhotra; it was his first monetary policy. Rajiv Ranjan attended as a member.
In February 2025, the RBI projected real GDP growth for 2025-26 at:
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Correct answer: D — 6.7%
Real GDP growth for 2025-26 was projected at 6.7%; 6.4% was the First Advance Estimate for 2024-25.
Consider the following statements about the RBI's monetary policy of 7 February 2025: 1. The decision to cut the repo rate was unanimous. 2. The MPC changed its stance from neutral to accommodative. 3. CPI inflation for 2025-26 was projected at 4.2%. Which of the statements given above are correct?
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Correct answer: A — 1 and 3 only
Statements 1 and 3 are correct: the MPC voted unanimously for the cut and projected 2025-26 CPI inflation at 4.2%. Statement 2 is wrong, as it unanimously kept the stance neutral.
India's installed solar capacity crossed 100 GW in early 2025. What was it in 2014, according to the Ministry of New and Renewable Energy?
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Correct answer: A — 2.82 GW
Solar capacity rose from 2.82 GW in 2014 to 100.33 GW as of 31 January 2025, an increase of 3450%.
As per the MNRE in February 2025, solar energy accounts for what share of India's total installed renewable energy capacity?
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Correct answer: D — 47%
Solar remains the dominant contributor, accounting for 47% of India's installed renewable energy capacity.
How much solar capacity did India add in the record year of 2024, as per the MNRE?
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Correct answer: C — 24.5 GW
India added a record 24.5 GW of solar in 2024; 18.5 GW of this was utility-scale capacity.