📝 Daily Current Affairs Quiz - 26 May 2025

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 📅 Quiz – 26 May 2025

  1. The INSPIRE Scheme, aimed at nurturing young scientific talent, is a flagship initiative of which body?
    A) CSIR
    B) Ministry of Education
    C) RBI
    D) Department of Science and Technology
  2. How much surplus did the RBI Central Board approve to transfer to the government for FY 2024–25?
    A) ₹1.5 trillion
    B) ₹2.11 trillion
    C) ₹2.69 trillion
    D) ₹3.2 trillion
    E) ₹2.45 trillion
  3. What interest rate was approved for the Employees’ Provident Fund (EPF) for FY 2024–25?
    A) 8.25%
    B) 8.20%
    C) 8.15%
    D) 8.30%
    E) 8.50%
  4. RBI flagged a weak internal audit in FY 2022–23 for which bank?
    A) IndusInd Bank
    B) Yes Bank
    C) HDFC Bank
    D) Axis Bank
  5. How much interest income did IndusInd Bank misreport over three quarters of FY 2024–25?
    A) ₹1,530 crore
    B) ₹1,200 crore
    C) ₹674 crore
    D) ₹2,000 crore
  6. Which scheme provides equity/quasi-equity support to MSMEs via a ₹50,000 crore mother–daughter fund structure?
    A) Atmanirbhar MSME Yojana
    B) SRI Fund Scheme
    C) Bharat MSME Capital Scheme
    D) Startup India Fund
  7. Which treaty was suspended by India on 24 May, citing Pakistan’s breach of goodwill?
    A) Mutual Cooperation Treaty
    B) Indus Waters Treaty
    C) SAARC Accord
    D) Trade Facilitation Treaty
  8. When did the southwest monsoon arrive in Kerala in 2025?
    A) 20 May
    B) 22 May
    C) 24 May
    D) 26 May
  9. Which naval exercise involving India and ASEAN navies began around 24 May?
    A) Malabar
    B) Seamaster
    C) ASEAN–India Maritime Exercise
    D) Shakti
  10. Which rating agency revised India's 2025 GDP growth forecast to ~7.2%?
    A) Moody’s
    B) Fitch
    C) S&P
    D) IMF

✅ Answers & Explanations

  1. D) Department of Science and Technology — INSPIRE (Innovation in Science Pursuit for Inspired Research) is a flagship DST initiative
  2. B) ₹2.11 trillion — The RBI approved a surplus transfer of ₹2.11 trillion to the government for FY 2024–25 .
  3. A) 8.25% — The EPF interest rate for FY 2024–25 was fixed at 8.25% .
  4. A) IndusInd Bank — RBI raised concerns about weak internal audit controls at IndusInd Bank for FY 2022–23 .
  5. A) ₹1,530 crore — IndusInd misreported ₹1,530 crore as interest income over three quarters of FY 2024–25 .
  6. B) SRI Fund Scheme — The Self‑Reliant India (SRI) Fund Scheme supports MSMEs with equity/quasi-equity through a ₹50,000 crore mother–daughter structure .
  7. B) Indus Waters Treaty — India suspended the treaty on 24 May, citing Pakistan's breach of goodwill .
  8. C) 24 May — The southwest monsoon hit Kerala on 24 May 2025
  9. C) ASEAN–India Maritime Exercise — A joint naval exercise involving India and ASEAN navies began around this date
  10. C) S&P — Standard & Poor’s revised India's GDP projection to approximately 7.2% for 2025 .

 

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