1. Which Indian bank recently received RBI approval to open a branch in GIFT City?
Correct answer: Bank of Maharashtra. RBI granted permission for Bank of Maharashtra to set up a branch in GIFT City, enhancing offshore banking operations.
2. What is the estimated decline in Indian banks’ net interest margins (NIMs) for FY26?
Correct answer: 10 basis points. According to Fitch Ratings, Indian banks are projected to experience a 10 basis points drop in NIMs in FY26.
3. Which country is set to acquire the Akash missile system from India in a $200 million deal?
Correct answer: Philippines. India is finalizing a $200 million defense export deal for the Akash missile system with the Philippines.
4. Who inaugurated the National Tribal Festival ‘Aadi Mahotsav’ in 2025?
Correct answer: Droupadi Murmu. The President of India inaugurated the Aadi Mahotsav festival, celebrating India’s tribal heritage.
5. Which beverage brand replaced Thums Up as the IPL 2025 co-presenter?
Correct answer: Campa Cola. Reliance Consumer Products acquired co-presenting rights for IPL 2025, replacing Thums Up in a ₹200 crore deal.
6. How long is the undersea cable project launched by Meta to boost India-US digital connectivity?
Correct answer: 50,000 km. Meta’s Project Waterworth aims to lay a 50,000-kilometer undersea cable to enhance digital connectivity between India and the US.
7. Which state topped the 2024 Local Governance Performance Index?
Correct answer: Karnataka. Karnataka ranked first in the 2024 Local Governance Performance Index, surpassing Kerala.
8. Where will the 17th BRICS Summit be held in 2025?
Correct answer: Rio de Janeiro. The 17th BRICS Summit will take place in Brazil on July 6-7, 2025.
9. Which renowned Telugu cinema personality passed away at the age of 102 in 2025?
Correct answer: C Krishnaveni. The veteran Telugu actress, singer, and producer passed away at 102, leaving a remarkable legacy in Indian cinema.
10. Who set a new world record in the half-marathon with a time of 56 minutes and 42 seconds in Barcelona?
Correct answer: Jacob Kiplimo. The Ugandan athlete broke the half-marathon world record in Barcelona, finishing in an astonishing 56 minutes and 42 seconds.
