Current affairs is necessary for every competitive exam. In this July 2025 edition, we bring you a set of 100 questions with answers. The MCQs cover important news, events, and financial updates. Practice them to stay confident and ready for your upcoming exams
Set of 80 MCQS – Current Affairs 2025 july part 2
1. “AlphaGenome” for predicting effects of DNA mutations was launched by which company?
A. IBM
B. DeepMind
C. Google
D. Microsoft
Show Answer
Answer: B. DeepMind
DeepMind launched “AlphaGenome,” an AI tool to assess the functional impact of specific DNA mutations.
2. 2024–25 gross GST collections touched a record of what amount?
A. ₹20.50 lakh crore
B. ₹22.08 lakh crore
C. ₹23.50 lakh crore
D. ₹21.75 lakh crore
Show Answer
Answer: B. ₹22.08 lakh crore
The 2024–25 gross GST collections touched a record ₹22.08 lakh crore, registering a 9.4% year-on-year growth.
3. The world’s first CMOS computer using 2D materials was demonstrated at which university?
A. Massachusetts Institute of Technology (MIT)
B. Pennsylvania State University
C. Stanford University
D. California Institute of Technology (Caltech)
Show Answer
Answer: B. Pennsylvania State University
Pennsylvania State University demonstrated the world’s first CMOS computer using 2D materials, a milestone for 2D-material-based computing architectures.
4. Which company became a unicorn after a $120 million round led by SC Ventures?
A. Razorpay
B. Jumbotail
C. Cred
D. PhonePe
Show Answer
Answer: B. Jumbotail
Jumbotail became a unicorn after a $120 million funding round led by SC Ventures, crossing the $1B valuation mark as a B2B marketplace.
5. First Indian renewable energy company to cross 15,000 MW operational capacity?
A. Tata Power
B. NTPC Renewable Energy Limited
C. Adani Green Energy Limited (AGEL)
D. ReNew Power
Show Answer
Answer: C. Adani Green Energy Limited (AGEL)
Adani Green Energy Limited (AGEL) became the first Indian renewable energy company to cross 15,000 MW operational capacity, reaching 15,539.9 MW.
6. Who won the “UzChess Cup Masters 2025” in Tashkent?
A. Vidit Gujrathi
B. R. Praggnanandhaa
C. Arjun Erigaisi
D. P. Harikrishna
Show Answer
Answer: B. R. Praggnanandhaa
R. Praggnanandhaa won the “UzChess Cup Masters 2025” in Tashkent, topping a strong field including Abdusattorov and Erigaisi.
7. Men’s winner of the inaugural “Hockey India Masters Cup 2025” held in Chennai?
A. Punjab
B. Haryana
C. Tamil Nadu
D. Maharashtra
Show Answer
Answer: C. Tamil Nadu
Tamil Nadu won the men’s category of the inaugural “Hockey India Masters Cup 2025” held at Mayor Radhakrishnan Hockey Stadium in Chennai.
8. India’s first-ever wooden Gurdwara, Sri Nanak Niwas, is located where?
A. Amritsar, Punjab
B. Fazilka, Punjab
C. Ludhiana, Punjab
D. Patiala, Punjab
Show Answer
Answer: B. Fazilka, Punjab
India’s first-ever wooden Gurdwara, Sri Nanak Niwas, is located in Fazilka, Punjab, a unique wooden religious structure.
9. PM-USP CSSS 2025–26: the gross parental/family income ceiling is what amount per annum?
A. ₹3,00,000
B. ₹4,50,000
C. ₹5,00,000
D. ₹6,00,000
Show Answer
Answer: B. ₹4,50,000
The gross parental/family income ceiling for the PM-USP CSSS 2025–26 is ₹4,50,000 per annum, applicable to eligible applicants.
10. India’s percentage of zero-dose children fell to what in 2024?
A. 0.10%
B. 0.06%
C. 0.08%
D. 0.12%
Show Answer
Answer: B. 0.06%
India’s percentage of zero-dose children fell to 0.06% in 2024, down from 0.11% in 2023, as recognized by the UN IGME.
11. State Bank of India recently celebrated which anniversary?
A. 60th
B. 70th
C. 75th
D. 80th
Show Answer
Answer: B. 70th
State Bank of India recently celebrated its 70th anniversary, marking seven decades as India’s largest bank.
12. The climate monitoring satellite GOSAT-GW was launched by which country?
A. China
B. Japan
C. South Korea
D. United States
Show Answer
Answer: B. Japan
Japan launched the climate monitoring satellite GOSAT-GW aboard an H-2A rocket to track key greenhouse gases.
13. The first “ASEAN-India Cruise Dialogue” was inaugurated in which city?
A. Mumbai
B. Chennai
C. Kolkata
D. Kochi
Show Answer
Answer: B. Chennai
The first “ASEAN-India Cruise Dialogue” was inaugurated in Chennai by the Union Minister for Ports, Shipping & Waterways.
14. Whose term as FSIB Chairperson was extended by one year?
A. Anup K. Pujari
B. Bhanu Pratap Sharma
C. T. S. Vijayan
D. Rajiv Kumar
Show Answer
Answer: B. Bhanu Pratap Sharma
Bhanu Pratap Sharma’s term as FSIB Chairperson was extended by one year, cleared by the Appointments Committee of the Cabinet.
15. Which state mandated digital attendance for all government school teachers via ‘Humare Shikshak’ from July 1, 2025?
A. Uttar Pradesh
B. Rajasthan
C. Madhya Pradesh
D. Gujarat
Show Answer
Answer: C. Madhya Pradesh
Madhya Pradesh mandated digital attendance for all government school teachers via ‘Humare Shikshak’ from July 1, 2025.
16. Under the ELI Scheme, first-time employees will get one month’s wage up to what amount?
A. ₹15,000
B. ₹20,000
C. ₹25,000
D. ₹30,000
Show Answer
Answer: A. ₹15,000
Under the ELI Scheme, first-time employees will receive one month’s wage up to ₹15,000, disbursed in two instalments after 6 and 12 months of service.
17. Which is NOT a key pillar of the National Sports Policy 2025?
A. Global Excellence
B. Social and Economic Development
C. Sports as India’s Movement
D. Alignment with NEP 2020
Show Answer
Answer: C. Sports as India’s Movement
“Sports as India’s Movement” is not a key pillar of the National Sports Policy 2025; the policy aligns with people’s movement, global excellence, social and economic development, and NEP 2020.
18. Who organized the inaugural National Skill Olympiad on seafood value addition?
A. National Fisheries Development Board (NFDB)
B. Marine Products Export Development Authority (MPEDA)
C. Central Institute of Fisheries Technology (CIFT)
D. Indian Council of Agricultural Research (ICAR)
Show Answer
Answer: B. Marine Products Export Development Authority (MPEDA)
The Marine Products Export Development Authority (MPEDA) organized the inaugural National Skill Olympiad on seafood value addition to bolster seafood exports.
19. Which country topped Hurun’s Global Unicorn Index 2025 while India retained third with 64 unicorns?
A. China
B. United States of America
C. United Kingdom
D. Germany
Show Answer
Answer: B. United States of America
The United States of America topped Hurun’s Global Unicorn Index 2025, led by tech hubs like San Francisco and New York, while India retained third place with 64 unicorns.
20. Name the new all-in-one Indian Railways application with a user-friendly interface.
A. RailConnect
B. RailOne
C. TrainMate
D. IRCTC Next
Show Answer
Answer: B. RailOne
RailOne is the new all-in-one Indian Railways application with a user-friendly interface, offering comprehensive rail-related services.
21. Which state launched ‘Mukhya Mantri Pratigya’ to support internships after Class 12?
A. Uttar Pradesh
B. Bihar
C. Jharkhand
D. Odisha
Show Answer
Answer: B. Bihar
Bihar launched ‘Mukhya Mantri Pratigya’ to support internships after Class 12, providing financial support to youth for internship programs.
22. Who is testing the ‘Cell Broadcast system’ with NDMA for emergency alerts across India?
A. Department of Telecommunications
B. Ministry of Home Affairs
C. Ministry of Electronics and IT
D. National Disaster Response Force (NDRF)
Show Answer
Answer: A. Department of Telecommunications
The Department of Telecommunications is testing the ‘Cell Broadcast system’ with the National Disaster Management Authority (NDMA) for emergency alerts across India.
23. The National Turmeric Board was inaugurated in which city to strengthen the value chain?
A. Hyderabad, Telangana
B. Jaipur, Rajasthan
C. Nizamabad, Telangana
D. Coimbatore, Tamil Nadu
Show Answer
Answer: C. Nizamabad, Telangana
The National Turmeric Board was inaugurated in Nizamabad, Telangana, to strengthen the turmeric value chain, focusing on packaging, branding, marketing, and export.
24. Which country officially launched the Synthetic Human Genome Project (SynHG)?
A. United States
B. Germany
C. United Kingdom
D. France
Show Answer
Answer: C. United Kingdom
The United Kingdom officially launched the Synthetic Human Genome Project (SynHG), aiming to build human DNA from scratch.
25. Which state recorded the maximum new fauna discoveries in 2024 per “Animal Discoveries 2024”?
A. Karnataka
B. Kerala
C. Assam
D. West Bengal
Show Answer
Answer: B. Kerala
Kerala recorded the maximum new fauna discoveries in 2024 per “Animal Discoveries 2024,” reporting 101 species in the year.
26. Mahayogi Guru Gorakhnath AYUSH University is located in which UP district?
A. Lucknow
B. Varanasi
C. Agra
D. Gorakhpur
Show Answer
Answer: D. Gorakhpur
Mahayogi Guru Gorakhnath AYUSH University is located in Gorakhpur, Uttar Pradesh, marking the first AYUSH University in the state.
27. 2025 US Open Badminton (BWF Super 300) Men’s Singles winner was who?
A. HS Prannoy
B. Ayush Shetty
C. Lakshya Sen
D. Kidambi Srikanth
Show Answer
Answer: B. Ayush Shetty
Ayush Shetty won the 2025 US Open Badminton (BWF Super 300) Men’s Singles, clinching his maiden BWF World Tour title.
28. World Allergy Week 2025 is observed on which dates?
A. May 10–16, 2025
B. June 15–21, 2025
C. June 22–28, 2025
D. June 29–July 5, 2025
Show Answer
Answer: D. June 29–July 5, 2025
World Allergy Week 2025 is observed from June 29 to July 5, 2025, as a global event to raise allergy awareness.
29. What is the corpus of the newly approved Research Development and Innovation (RDI) Scheme?
A. ₹1 lakh crore
B. ₹50,000 crore
C. ₹2 lakh crore
D. ₹75,000 crore
Show Answer
Answer: A. ₹1 lakh crore
The corpus of the newly approved Research Development and Innovation (RDI) Scheme is ₹1 lakh crore, supporting long-term, low-cost financing for RDI in strategic domains.
30. Which country has the highest number of satellites in orbit as of 29 June 2025?
A. United States of America
B. China
C. Russia
D. India
Show Answer
Answer: A. United States of America
The United States of America has the highest number of satellites in orbit as of June 29, 2025, with approximately 12,952 active objects orbiting Earth.
31. Project 17A stealth frigate “Udaygiri” (Yard 12652) was constructed by which company?
A. Mazagon Dock Shipbuilders Limited (MDSL)
B. Goa Shipyard Limited (GSL)
C. Cochin Shipyard Limited (CSL)
D. Hindustan Shipyard Limited (HSL)
Show Answer
Answer: A. Mazagon Dock Shipbuilders Limited (MDSL)
The Project 17A stealth frigate “Udaygiri” (Yard 12652) was constructed by Mazagon Dock Shipbuilders Limited (MDSL) and delivered to the Indian Navy.
32. Who launched the ‘BhashaSetu – Real-Time Language Tech for Bharat’ challenge?
A. Ministry of Education
B. Ministry of Electronics and IT
C. Ministry of Information & Broadcasting
D. NITI Aayog
Show Answer
Answer: C. Ministry of Information & Broadcasting
The Ministry of Information & Broadcasting launched the ‘BhashaSetu – Real-Time Language Tech for Bharat’ challenge to develop AI-powered multilingual translation solutions.
33. Global public debt reached what level in 2024 per UNCTAD’s “A World of Debt 2025” report?
A. $102 trillion
B. $95 trillion
C. $110 trillion
D. $90 trillion
Show Answer
Answer: A. $102 trillion
Global public debt reached $102 trillion in 2024 per the UNCTAD’s “A World of Debt 2025” report, up from $97 trillion in 2023.
34. Incentive amount in PM’s Awards for Excellence in Public Administration 2025 is what?
A. ₹15 lakh
B. ₹20 lakh
C. ₹25 lakh
D. ₹30 lakh
Show Answer
Answer: B. ₹20 lakh
The incentive amount in the PM’s Awards for Excellence in Public Administration 2025 is ₹20 lakh, along with a trophy and scroll to the awarded district/organization.
35. First country in the Amazon region to receive WHO malaria-free certification is which?
A. Brazil
B. Suriname
C. Guyana
D. Peru
Show Answer
Answer: B. Suriname
Suriname is the first country in the Amazon region to receive WHO malaria-free certification.
36. DRDO’s first indigenous photonic radar was developed at which establishment?
A. Defence Research and Development Laboratory (DRDL), Hyderabad
B. Electronics and Radar Development Establishment (LRDE), Bengaluru
C. Defence Electronics Application Laboratory (DEAL), Dehradun
D. Research Centre Imarat (RCI), Hyderabad
Show Answer
Answer: B. Electronics and Radar Development Establishment (LRDE), Bengaluru
DRDO’s first indigenous photonic radar was developed at the Electronics and Radar Development Establishment (LRDE) in Bengaluru, using photonics for signal generation and processing.
37. The “Raj Bhavan Annadhan” scheme is an initiative of which state?
A. Karnataka
B. Maharashtra
C. Goa
D. Kerala
Show Answer
Answer: C. Goa
The “Raj Bhavan Annadhan” scheme is an initiative of Goa, where the Governor donates book royalties for a noble cause.
38. The “Critical Minerals Initiative” was announced by which grouping to secure supply chains?
A. G7
B. Quad
C. BRICS
D. ASEAN
Show Answer
Answer: B. Quad
The “Critical Minerals Initiative” was announced by the Quad (India, Japan, Australia, and the United States) to diversify and secure critical mineral supplies.
39. Which company opened India’s first UPI-powered bank branch in Koramangala, Bengaluru?
A. Paytm
B. PhonePe
C. Slice
D. Google Pay
Show Answer
Answer: C. Slice
Slice opened India’s first UPI-powered bank branch in Koramangala, Bengaluru, introducing a branch powered by UPI innovations.
40. NIPCCD, New Delhi, was renamed to what official name?
A. Kasturba National Institute of Child Development
B. Savitribai Phule National Institute of Women and Child Development
C. Indira Gandhi National Institute of Family Welfare
D. Ambedkar National Institute of Social Development
Show Answer
Answer: B. Savitribai Phule National Institute of Women and Child Development
The National Institute of Public Cooperation and Child Development (NIPCCD), New Delhi, was officially renamed to Savitribai Phule National Institute of Women and Child Development.
41. “RECLAIM” mine-closure community framework was developed by whom with the Heartfulness Institute?
A. Coal India Limited (CIL)
B. Ministry of Coal
C. Coal Controller Organisation
D. Singareni Collieries Company Limited (SCCL)
Show Answer
Answer: C. Coal Controller Organisation
The “RECLAIM” mine-closure community framework was developed by the Coal Controller Organisation with the Heartfulness Institute for engagement and development during mine closures.
42. C-FLOOD platform for advance inundation forecasts was developed by which body with CWC?
A. Indian Space Research Organisation (ISRO)
B. Centre for Development of Advanced Computing (C-DAC)
C. National Informatics Centre (NIC)
D. Indian Institute of Tropical Meteorology (IITM)
Show Answer
Answer: B. Centre for Development of Advanced Computing (C-DAC)
The C-FLOOD platform for advance inundation forecasts was developed by the Centre for Development of Advanced Computing (C-DAC) with the Central Water Commission (CWC), providing two-day advance village-level flood forecasts.
43. The third edition of the Bharat Mobility Global Expo (BMGE) will take place in February 2027 in which city?
A. Mumbai
B. Delhi
C. Bengaluru
D. Chennai
Show Answer
Answer: B. Delhi
The third edition of the Bharat Mobility Global Expo (BMGE) will take place in Delhi in February 2027.
44. As per the ZET Adoption report, freight (mainly M&HDT) accounts for approximately what share of logistics?
A. 50%
B. 60%
C. 70%
D. 80%
Show Answer
Answer: C. 70%
Per the ZET Adoption report, freight (mainly Medium and Heavy Duty Trucks, M&HDT) accounts for approximately 70% of logistics, highlighting its critical role in economic and industrial activity.
45. Which Indian ministry rejoined the Unicode Consortium as a Supporting Member?
A. Ministry of Commerce and Industry
B. Ministry of Electronics and Information Technology (MeitY)
C. Ministry of Communications
D. Ministry of Science and Technology
Show Answer
Answer: B. Ministry of Electronics and Information Technology (MeitY)
The Ministry of Electronics and Information Technology (MeitY) rejoined the Unicode Consortium as a Supporting Member to support standardization.
46. The “3 by 35 Initiative” to raise taxes on tobacco, alcohol, and sugary drinks by at least 50% globally by 2035 was launched by whom?
A. World Bank
B. World Health Organization (WHO)
C. United Nations (UN)
D. International Monetary Fund (IMF)
Show Answer
Answer: B. World Health Organization (WHO)
The “3 by 35 Initiative” was launched by the World Health Organization (WHO) to raise taxes on tobacco, alcohol, and sugary drinks by at least 50% globally by 2035, aiming to improve public health outcomes via fiscal measures.
47. Bihar’s “Mukhya Mantri Kalakar Pension Yojana” provides what monthly pension to eligible artists?
A. ₹2,000
B. ₹2,500
C. ₹3,000
D. ₹3,500
Show Answer
Answer: C. ₹3,000
Bihar’s “Mukhya Mantri Kalakar Pension Yojana” provides a monthly pension of ₹3,000 to eligible artists with at least 10 years in classical, visual, or performing arts.
48. Which state launched the “Jan Suraksha Santrupti Abhiyan” to identify eligible citizens not receiving welfare benefits?
A. Rajasthan
B. Gujarat
C. Madhya Pradesh
D. Andhra Pradesh
Show Answer
Answer: B. Gujarat
Gujarat launched the “Jan Suraksha Santrupti Abhiyan” to identify eligible citizens not receiving welfare benefits, driving inclusion by locating uncovered beneficiaries.
49. NCB’s operation to dismantle darknet drug syndicate “Ketamelon” is named what?
A. Operation Dark Net
B. Operation Ketamine Crackdown
C. Operation Melon
D. Operation Shadow Bust
Show Answer
Answer: C. Operation Melon
The Narcotics Control Bureau’s (NCB) operation to dismantle the darknet drug syndicate “Ketamelon” is named Operation Melon, targeting one of India’s most prolific darknet networks.
50. Under which operation have 97,158 criminals been convicted in UP since July 2023?
A. Operation Clean Sweep
B. Operation Conviction
C. Operation Justice Drive
D. Operation Law Enforcement
Show Answer
Answer: B. Operation Conviction
Under Operation Conviction, 97,158 criminals have been convicted in Uttar Pradesh since July 2023, reflecting accelerated prosecutions and convictions.
51. Which city launched India’s first digital house address project with QR codes for smart administration?
A. Pune
B. Hyderabad
C. Indore
D. Ahmedabad
Show Answer
Answer: C. Indore
Indore launched India’s first digital house address project with QR codes for smart administration, linking citizen services with digital, scannable addresses.
52. Recently, Karnataka Bank has appointed who among the following as Managing Director and CEO of the bank for a period of three months?
A. Raghavendra S Bhat
B. Kesavan Ramachandran
C. Srikrishnan Hari Hara Sarma
D. Sunil Jayawant Kadam
Show Answer
Answer: A. Raghavendra S Bhat
Karnataka Bank appointed Raghavendra S Bhat as Managing Director and CEO for a period of three months.
53. Recently, which of the following banks and Kshema General Insurance has announced a strategic bancassurance alliance to offer a specially designed dual-benefit insurance product ‘Kshema Kisan Sathi’ to India’s rural and agri-focused communities?
A. South Indian Bank
B. Tamilnad Mercantile Bank (TMB)
C. Karur Vysya Bank (KVB)
D. Federal Bank
Show Answer
Answer: C. Karur Vysya Bank (KVB)
Karur Vysya Bank (KVB) and Kshema General Insurance announced a strategic bancassurance alliance to offer the ‘Kshema Kisan Sathi’ dual-benefit insurance product for rural and agri-focused communities.
54. Recently, which of the following banks has launched ‘INDIE for Business’, a comprehensive digital banking platform designed to empower India’s Micro, Small, and Medium Enterprises (MSMEs)?
A. ICICI Bank
B. HDFC Bank
C. IndusInd Bank Limited
D. Indian Bank
Show Answer
Answer: C. IndusInd Bank Limited
IndusInd Bank Limited launched ‘INDIE for Business’, a comprehensive digital banking platform designed to empower India’s Micro, Small, and Medium Enterprises (MSMEs).
55. Recently, which of the following banks has become the 1st United Arab Emirates (UAE) bank to receive an In-Principle Approval (IPA) from International Financial Services Centres Authority (IFSCA), to set up a new International Financial Services Centre (IFSC) Banking Unit (IBU) within Gujarat International Finance Tec-City (GIFT City)?
A. Abu Dhabi Commercial Bank
B. National Bank of Fujairah (NBF)
C. Mashreq Bank
D. Abu Dhabi Islamic Bank (ADIB)
Show Answer
Answer: C. Mashreq Bank
Mashreq Bank became the first United Arab Emirates (UAE) bank to receive an In-Principle Approval (IPA) from IFSCA to set up an IFSC Banking Unit (IBU) in GIFT City.
56. Recently, which of the following companies has signed a Memorandum of Understanding (MoU) with Central Bank of India (CBI) to provide collateral-free financing to Micro, Small, and Medium Enterprises (MSMEs) and Original Equipment Manufacturers (OEMs) through its subsidiary Bharat Aluminium Company Limited (BALCO)?
A. Hindalco Industries Ltd
B. Vedanta Aluminium
C. Jindal Aluminium Ltd
D. Hindustan Zinc Ltd.
Show Answer
Answer: B. Vedanta Aluminium
Vedanta Aluminium signed an MoU with Central Bank of India (CBI) to provide collateral-free financing to MSMEs and OEMs through its subsidiary Bharat Aluminium Company Limited (BALCO).
57. Recently, Central government has extended the tax exemption for sovereign wealth funds (SWFs) and pension funds, allowing such entities to claim benefits on eligible investments made in India till ___________.
A. June 30, 2027
B. March 31, 2030
C. December 31, 2030
D. March 31, 2028
Show Answer
Answer: B. March 31, 2030
The Central government extended the tax exemption for sovereign wealth funds (SWFs) and pension funds, allowing benefits on eligible investments in India until March 31, 2030.
58. Recently, ___________ has launched ‘Nav Jeevan Shree (912)’, an endowment plan that provides guaranteed additions of 8.5% to 9.5% of annual premium.
A. SBI Life Insurance
B. Life Insurance Corporation of India (LIC)
C. ICICI Prudential Life Insurance
D. Tata AIA Life Insurance
Show Answer
Answer: B. Life Insurance Corporation of India (LIC)
Life Insurance Corporation of India (LIC) launched ‘Nav Jeevan Shree (912)’, an endowment plan offering guaranteed additions of 8.5% to 9.5% of the annual premium.
59. As per recent information shared in Parliament, quantum of unclaimed deposits with Indian banks stood at Rs 67,003 crore as at the end of June quarter. As per the data, private banks held unclaimed deposits of Rs 8,673.72 crore, with ______________ in possession of the most.
A. HDFC Bank
B. ICICI Bank
C. Axis Bank
D. IndusInd Bank
Show Answer
Answer: B. ICICI Bank
ICICI Bank held the most unclaimed deposits among private banks, with Rs 2,063.45 crore out of the total Rs 8,673.72 crore as of the end of the June quarter.
60. Recently, NPCI International Payments Limited (NIPL) has announced the inclusion of 13 additional Indian banks into Unified Payment Interface (UPI)-PayNow payment linkage between India and Singapore. UPI-PayNow service was launched as a joint initiative between the ______________ and Monetary Authority of Singapore (MAS).
A. Securities and Exchange Board of India (SEBI)
B. Clearing Corporation of India Ltd.
C. Reserve Bank of India (RBI)
D. National Securities Depository Limited (NSDL)
Show Answer
Answer: C. Reserve Bank of India (RBI)
The UPI-PayNow service was launched as a joint initiative between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS).
61. Recently, a committee set by Insurance Regulatory and Development Authority of India (IRDAI) has recommended a prohibition on mergers between insurance and non-insurance companies. Who among the following led the committee?
A. Dinesh Kumar Khara
B. Atul Kumar Goel
C. Rajnish Kumar
D. Sunil Mehta
Show Answer
Answer: A. Dinesh Kumar Khara
Dinesh Kumar Khara led the IRDAI committee that recommended prohibiting mergers between insurance and non-insurance companies.
62. Recently, which of the following companies and Alliance Group (Allianz) through its 100%-owned subsidiary Allianz Europe B.V., entered into a binding agreement to form a 50:50 domestic reinsurance Joint Venture (JV) to serve the dynamic and high-growth insurance sector in India?
A. L&T Finance Holdings
B. Aditya Birla Capital Ltd
C. Bajaj Finserv
D. Jio Financial Services Limited (JFSL)
Show Answer
Answer: D. Jio Financial Services Limited (JFSL)
Jio Financial Services Limited (JFSL) and Alliance Group (Allianz) through Allianz Europe B.V. entered into a binding agreement to form a 50:50 domestic reinsurance JV in India.
63. As per recent information shared in Parliament, 11 public sector banks (PSBs) have collected around ₹9,000 crore in the last five years (FY21 to FY25) as penalty for low balance in savings bank accounts. As per the data, which of the following banks has garnered highest penalties over the five-year period, amounting to Rs 1,828.18 crore?
A. Indian Bank
B. Punjab National Bank
C. Bank of Baroda
D. UCO Bank
Show Answer
Answer: A. Indian Bank
Indian Bank garnered the highest penalties, amounting to Rs 1,828.18 crore, for low balance in savings bank accounts over the five-year period from FY21 to FY25.
64. Recently, KredX has signed a strategic partnership with which of the following banks to bridge the Rs. 30 lakh crore credit gap in Micro, Small, and Medium Enterprises (MSME) sector?
A. Bank of Baroda
B. Canara Bank
C. Federal Bank
D. ICICI Bank
Show Answer
Answer: B. Canara Bank
KredX signed a strategic partnership with Canara Bank to bridge the Rs. 30 lakh crore credit gap in the Micro, Small, and Medium Enterprises (MSME) sector.
65. Recently, which of the following banks in collaboration with fintech partners M2P and MinkasuPay has introduced first-ever biometric authentication solution for e-commerce card transactions?
A. Bank of Baroda
B. Axis Bank
C. Federal Bank
D. ICICI Bank
Show Answer
Answer: C. Federal Bank
Federal Bank, in collaboration with fintech partners M2P and MinkasuPay, introduced the first-ever biometric authentication solution for e-commerce card transactions.
66. Recently, Securities and Exchange Board of India (SEBI), along with stock exchanges, has revised the enhanced surveillance mechanism (ESM) for companies with market capitalisation under ____________ with an aim to fine-tune the monitoring of small and micro-cap stocks.
A. ₹500 crore
B. ₹2,000 crore
C. ₹1,000 crore
D. ₹200 crore
Show Answer
Answer: C. ₹1,000 crore
SEBI, along with stock exchanges, revised the enhanced surveillance mechanism (ESM) for companies with a market capitalization under ₹1,000 crore to fine-tune the monitoring of small and micro-cap stocks.
67. As per recent information, _____________ is providing $20 million equity investment to Transvolt Mobility Pvt Ltd to scale up electric vehicles (EVs) production.
A. International Finance Corporation (IFC)
B. Asian Development Bank (ADB)
C. African Development Bank (AfDB)
D. European Bank for Reconstruction and Development (EBRD)
Show Answer
Answer: A. International Finance Corporation (IFC)
The International Finance Corporation (IFC) is providing a $20 million equity investment to Transvolt Mobility Pvt Ltd to scale up electric vehicles (EVs) production.
68. Recently, which of the following companies has signed a Memorandum of Understanding (MoU) with Chhattisgarh Rajya Gramin Bank (CRGB) to enter into a strategic vehicle financing partnership for its Medium and Heavy Commercial Vehicles (MHCV) customers?
A. AMW Motors
B. Mahindra & Mahindra
C. Tata Motors
D. Ashok Leyland
Show Answer
Answer: D. Ashok Leyland
Ashok Leyland signed an MoU with Chhattisgarh Rajya Gramin Bank (CRGB) for a strategic vehicle financing partnership for its Medium and Heavy Commercial Vehicles (MHCV) customers.
69. Recently, T. N. Manoharan, Padma Shri awardee, has passed away. He was the former President of ______________.
A. Institute of Chartered Accountants of India (ICAI)
B. Institute of Cost Accountants of India (ICMAI)
C. Institute of Company Secretaries of India (ICSI)
D. Institute of Actuaries of India (IAI)
Show Answer
Answer: A. Institute of Chartered Accountants of India (ICAI)
T. N. Manoharan, a Padma Shri awardee, was the former President of the Institute of Chartered Accountants of India (ICAI) before his passing.
70. As per recent information shared in Parliament, quantum of unclaimed deposits with Indian banks stood at Rs 67,003 crore as at the end of June quarter. As per the data, private banks held unclaimed deposits of Rs 8,673.72 crore, with ______________ in possession of the most.
A. HDFC Bank
B. ICICI Bank
C. Axis Bank
D. IndusInd Bank
Show Answer
Answer: B. ICICI Bank
ICICI Bank held the most unclaimed deposits among private banks, with Rs 2,063.45 crore out of the total Rs 8,673.72 crore as of the end of the June quarter.
71. Recently, NPCI International Payments Limited (NIPL) has announced the inclusion of 13 additional Indian banks into Unified Payment Interface (UPI)-PayNow payment linkage between India and Singapore. UPI-PayNow service was launched as a joint initiative between the ______________ and Monetary Authority of Singapore (MAS).
A. Securities and Exchange Board of India (SEBI)
B. Clearing Corporation of India Ltd.
C. Reserve Bank of India (RBI)
D. National Securities Depository Limited (NSDL)
Show Answer
Answer: C. Reserve Bank of India (RBI)
The UPI-PayNow service was launched as a joint initiative between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS).
72. Recently, a committee set by Insurance Regulatory and Development Authority of India (IRDAI) has recommended a prohibition on mergers between insurance and non-insurance companies. Who among the following led the committee?
A. Dinesh Kumar Khara
B. Atul Kumar Goel
C. Rajnish Kumar
D. Sunil Mehta
Show Answer
Answer: A. Dinesh Kumar Khara
Dinesh Kumar Khara led the IRDAI committee that recommended prohibiting mergers between insurance and non-insurance companies.
73. Recently, which of the following companies and Alliance Group (Allianz) through its 100%-owned subsidiary Allianz Europe B.V., entered into a binding agreement to form a 50:50 domestic reinsurance Joint Venture (JV) to serve the dynamic and high-growth insurance sector in India?
A. L&T Finance Holdings
B. Aditya Birla Capital Ltd
C. Bajaj Finserv
D. Jio Financial Services Limited (JFSL)
Show Answer
Answer: D. Jio Financial Services Limited (JFSL)
Jio Financial Services Limited (JFSL) and Alliance Group (Allianz) through Allianz Europe B.V. entered into a binding agreement to form a 50:50 domestic reinsurance JV in India.
74. Recently, which of the following banks has launched Solitaire, an exclusive invitation-only programme, offering top tier privileges, access to advanced investment tools, and personalised services tailored for affluent customers?
A. YES Bank
B. Axis Bank
C. IndusInd Bank
D. Kotak Mahindra Bank
Show Answer
Answer: D. Kotak Mahindra Bank
Kotak Mahindra Bank launched Solitaire, an exclusive invitation-only programme tailored for affluent customers with top-tier privileges and advanced investment tools.
75. Recently, which of the following companies has entered into a strategic partnership with Cosmos Co-operative Bank Limited, to accelerate digital transformation through advanced and scalable payment solutions?
A. Stripe
B. Worldline
C. PayPal
D. Razorpay
Show Answer
Answer: B. Worldline
Worldline entered into a strategic partnership with Cosmos Co-operative Bank Limited to accelerate digital transformation through advanced and scalable payment solutions.
76. Recently, which of the following banks has launched a new savings account named “GATI” to enable customers to transact instantly after opening the account?
A. Airtel Payments Bank
B. Fino Payments Bank
C. Paytm Payments Bank
D. NSDL Payments Bank
Show Answer
Answer: B. Fino Payments Bank
Fino Payments Bank launched a new savings account named “GATI” to enable customers to transact instantly after opening the account.
77. Recently, ______________ has signed Forward Rate Agreements (FRAs) worth USD 1 billion with JPMorgan Chase & Co. and Bank of America Corporation, to hedge against declining interest rates and stabilize long-term returns amid equity market volatility.
A. SBI Life Insurance
B. Life Insurance Corporation of India (LIC)
C. ICICI Prudential Life Insurance
D. Tata AIA Life Insurance
Show Answer
Answer: B. Life Insurance Corporation of India (LIC)
Life Insurance Corporation of India (LIC) signed Forward Rate Agreements (FRAs) worth USD 1 billion with JPMorgan Chase & Co. and Bank of America Corporation to hedge against declining interest rates and stabilize long-term returns amid equity market volatility.
78. According to Reserve Bank of India (RBI)’s provisional data, Gross Non-Performing Assets (GNPA) of Public Sector Banks (PSBs) has steadily decreased over the last 5 years from 9.11% in Financial Year 2020-21 (FY21) to ______________ in FY25.
A. 2.58%
B. 3.47%
C. 7.28%
D. 4.97%
Show Answer
Answer: A. 2.58%
According to RBI’s provisional data, the Gross Non-Performing Assets (GNPA) of Public Sector Banks (PSBs) decreased from 9.11% in FY21 to 2.58% in FY25.
79. As per recent information shared in Parliament, 11 public sector banks (PSBs) have collected around ₹9,000 crore in the last five years (FY21 to FY25) as penalty for low balance in savings bank accounts. As per the data, which of the following banks has garnered highest penalties over the five-year period, amounting to Rs 1,828.18 crore?
A. Indian Bank
B. Punjab National Bank
C. Bank of Baroda
D. UCO Bank
Show Answer
Answer: A. Indian Bank
Indian Bank garnered the highest penalties, amounting to Rs 1,828.18 crore, for low balance in savings bank accounts over the five-year period from FY21 to FY25.
80. Recently, KredX has signed a strategic partnership with which of the following banks to bridge the Rs. 30 lakh crore credit gap in Micro, Small, and Medium Enterprises (MSME) sector?
A. Bank of Baroda
B. Canara Bank
C. Federal Bank
D. ICICI Bank
Show Answer
Answer: B. Canara Bank
KredX signed a strategic partnership with Canara Bank to bridge the Rs. 30 lakh crore credit gap in the Micro, Small, and Medium Enterprises (MSME) sector.
81. Recently, which of the following banks in collaboration with fintech partners M2P and MinkasuPay has introduced first-ever biometric authentication solution for e-commerce card transactions?
A. Bank of Baroda
B. Axis Bank
C. Federal Bank
D. ICICI Bank
Show Answer
Answer: C. Federal Bank
Federal Bank, in collaboration with fintech partners M2P and MinkasuPay, introduced the first-ever biometric authentication solution for e-commerce card transactions.
82. Recently, Securities and Exchange Board of India (SEBI), along with stock exchanges, has revised the enhanced surveillance mechanism (ESM) for companies with market capitalisation under ____________ with an aim to fine-tune the monitoring of small and micro-cap stocks.
A. ₹500 crore
B. ₹2,000 crore
C. ₹1,000 crore
D. ₹200 crore
Show Answer
Answer: C. ₹1,000 crore
SEBI, along with stock exchanges, revised the enhanced surveillance mechanism (ESM) for companies with a market capitalization under ₹1,000 crore to fine-tune the monitoring of small and micro-cap stocks.
Hope these July 2025 current affairs MCQs helped in your preparation. Regular practice will keep you ahead in exams.
Stay updated with the latest events and financial awareness. For more practice, check out our other MCQ sets
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