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Daily-mcqs 01 Aug 2025

Current Affairs MCQs for UPSC & State PSC Exams 01 Aug 2025

Current Affairs MCQs for UPSC & State PSC Exams

Q1:

Consider the following statements regarding the Banking Laws (Amendment) Act, 2025:

1.   Through this act, substantial interest threshold has been increased to ₹5 crore.

2.   The Act allows Public Sector Banks to transfer unclaimed assets to the IEPF.

3.   The IEPF is administered by the Reserve Bank of India.

Which of the statements is/are correct?

A: 1 and 2 only

B: 2 only

C: 1 and 3 only

D: All three

Show

Answer: B

Explanation:

Statement 1 is incorrect – The substantial interest threshold in the bank was increased to ₹2 crore, not ₹5 crore.

Statement 2 is correct – PSBs can now transfer unclaimed shares and interest to the

Statement 3 is incorrect – The IEPF is managed by the Ministry of Corporate Affairs, not RBI.

Q2:

Consider the following statements about NCDC (National Cooperative Development Corporation):

1.   It is a statutory body under the Ministry of Agriculture and Farmers' Welfare.

2.   It was established in 1963.

3.   Its mandate includes providing financial assistance to both individual farmers and cooperative institutions.

Which of the above statements is/are correct?

A: 1 and 2 only

B: 2 and 3 only

C: 1 and 3 only

D: All three

Show

Answer: A

Explanation:

· Statement 1 is correct – NCDC is a statutory body under the Ministry of Agriculture.

· Statement 2 is correct – It was established in 1963.

· Statement 3 is incorrect – NCDC provides assistance to cooperative institutions, not directly to individual farmers.

Q3:

Consider the following statements regarding the cooperative sector in India:

1.   India is home to over 27% of the world’s cooperatives.

2.   Maharashtra has the largest number of cooperative societies in India.

3.   Cooperatives in India are governed exclusively by the Multi-State Cooperative Societies Act, 2002.

Which of the above statements is/are correct?

A: 1 and 2 only

B: 2 and 3 only

C: 1 and 3 only

D: All three

Show

Answer: A

Explanation:

Statement 1 is correct – India has 27% of the world’s cooperatives.

Statement 2 is correct – Maharashtra alone accounts for 25% of India's cooperatives.

Statement 3 is incorrect – Cooperatives are governed either by state laws or the Multi-State Cooperative Societies Act, depending on their jurisdiction.

Q4:

Consider the following statements regarding Kavach 4.0:

1. It is India’s indigenously developed Automatic Train Protection (ATP) system.

2. Kavach 4.0 supports speeds up to 160 kmph.

Which of the statements given above is/are correct?

A: 2 only

B: 1 only

C: None of the above

D: Both

Show

Answer: D

Explanation:

· Statement 1 is correct – Kavach is an indigenous ATP system developed by RDSO in collaboration with Indian vendors.

· Statement 2 is correct – Kavach 4.0 is certified for operation up to 160 kmph.

Q5:

Consider the following statements about NISAR:

1.   It is the first Earth observation satellite jointly developed by NASA and ISRO.

2.   It carries a dual-frequency radar system using L-band and S-band SAR.

3.   The satellite will orbit the Earth in a geostationary orbit.

Which of the statements given above is/are correct?

A: 1 and 2 only

B: 2 and 3 only

C: 1 and 3 only

D: All three

Show

Answer: A

Explanation:

· Statements 1 and 2 are correct – NISAR is the first NASA-ISRO collaboration on an Earth observation satellite and uses dual-frequency SAR: L-band (NASA) and S-band (ISRO).

· Statement 3 is incorrect – NISAR is launched into a sun-synchronous polar orbit, not a geostationary one.