1. Fino Payments Bank became the first Payments Bank in India to receive RBI’s in-principle approval to convert into a ___?
A) Commercial Bank
B) Small Finance Bank
C) Universal Bank
D) Regional Rural Bank
Answer: B) Small Finance Bank
Explanation: RBI granted Fino Payments Bank approval to convert into an SFB, making it the first payments bank to receive such permission.
2. The Banking Laws (Amendment) Act, 2025 primarily aims to—
A) Introduce new taxes
B) Repeal nationalisation laws
C) Modernize and strengthen India’s banking regulatory framework
D) Privatize all PSBs
Answer: C) Modernize and strengthen India’s banking regulatory framework
Explanation: The Act improves governance, regulation and legal structure of Indian banking.
3. LIC recently entered into a bancassurance partnership with—
A) Axis Bank
B) Yes Bank
C) ICICI Bank
D) HDFC Bank
Answer: B) Yes Bank
Explanation: The partnership enables LIC to sell policies through Yes Bank’s network.
4. RBI’s revised Gold Metal Loan (GML) Directions will come into effect from—
A) 1 April 2025
B) 1 January 2026
C) 1 April 2026
D) 1 July 2026
Answer: C) 1 April 2026
Explanation: RBI notified that updated gold lending rules will be applicable from April 2026.
5. Punjab National Bank launched which premium RuPay credit card?
A) Royale Select
B) Ultra Premium
C) Luxura
D) PNB Platinum Elite
Answer: C) Luxura
Explanation: PNB introduced Luxura for high-value credit segment customers.
6. RBI revised LEF and ITE frameworks to clarify norms applicable to—
A) NBFCs
B) Foreign bank branches in India
C) Payment Banks
D) Cooperative Banks
Answer: B) Foreign bank branches in India
Explanation: The update defines prudential treatment for exposures of overseas banks operating in India.
7. Under amended Responsible Business Conduct Directions, banks must now provide BSBD account holders—
A) Free home branch transactions
B) Free IMPS transfers
C) Free debit card issuance and annual renewal
D) Unlimited cheque books
Answer: C) Free debit card issuance and annual renewal
Explanation: RBI made this mandatory for BSBD (Basic Savings Bank Deposit) accounts.
8. DHRUVA, proposed by the Department of Posts, refers to—
A) A drone delivery service
B) Digital Hub for Reference & Unique Virtual Address
C) A postal banking platform
D) India’s new express mail network
Answer: B) Digital Hub for Reference & Unique Virtual Address
Explanation: DHRUVA will serve as India’s nationwide digital addressing system.
9. As per WMO, the probability of weak La Niña developing within 3 months is—
A) 25%
B) 40%
C) 55%
D) 75%
Answer: C) 55%
Explanation: WMO issued a 55% likelihood of weak La Niña conditions.
10. Kalikesh Narayan Singh Deo has been re-elected President of—
A) Boxing Federation of India
B) National Rifle Association of India
C) Hockey India
D) Archery Association of India
Answer: B) National Rifle Association of India
Explanation: He secured the President post for 2025–2029.
11. Mount Kangto, recently summited for the first time ever by the Indian Army, is located in—
A) Sikkim
B) Uttarakhand
C) Arunachal Pradesh
D) Himachal Pradesh
Answer: C) Arunachal Pradesh
Explanation: It is the state’s highest peak, and the Eastern Command team achieved the maiden ascent.
12. Hyderabad-based fintech Zaggle acquired which company for ?22 crore?
A) CredFlow
B) Rivpe Technology (Rio.Money)
C) LendingKart
D) Zeta Tech
Answer: B) Rivpe Technology (Rio.Money)
Explanation: Zaggle acquired Rio.Money to strengthen its spend management offerings.
13. DBT–BIRAC renewed collaboration with CEPI to support—
A) AI Computing
B) Clean energy
C) Vaccine R&D and epidemic preparedness
D) Digital agriculture
Answer: C) Vaccine R&D and epidemic preparedness
Explanation: CEPI works globally on emerging infectious diseases.
14. Simone Tata, who passed away recently, was associated with—
A) Infosys
B) Lakmé
C) Titan
D) Wipro
Answer: B) Lakmé
Explanation: She was former Chairperson of Lakmé and a key figure in India’s cosmetic industry.
15. India’s Quantum Technology Roadmap aims to make India a top ___ quantum economy by 2047.
A) Top 10
B) Top 5
C) Top 3
D) Top 2
Answer: C) Top 3
Explanation: NITI Aayog & IBM launched the roadmap with this long-term goal.
16. The 20th ICH Committee Session 2025 will be hosted in—
A) Kolkata
B) Red Fort, New Delhi
C) Jaipur
D) Hyderabad
Answer: B) Red Fort, New Delhi
Explanation: India hosts the UNESCO ICH meet from 8–13 December 2025.
17. EARTH Summit 2025 was inaugurated by—
A) Narendra Modi
B) Amit Shah
C) Nirmala Sitharaman
D) Piyush Goyal
Answer: B) Amit Shah
Explanation: He launched 13+ new Sahakar Sarathi initiatives for cooperatives.
18. Donald Trump received the first-ever FIFA Peace Prize during the draw of—
A) FIFA World Cup 2025
B) FIFA Confederations Cup 2025
C) FIFA Club World Cup 2025
D) FIFA World Cup 2026
Answer: D) FIFA World Cup 2026
Explanation: Awarded at
Month: Current Affairs - Dec 09, 2025
Category: