Q. Which existing Indian programme underpins the India-UN Global Capacity Building Initiative, offering numerous training slots annually to partner countries?
a) Skill India Mission
b) Make in India
c) Indian Technical and Economic Cooperation (ITEC) programme
d) Atal Innovation Mission
Answer
(c) The Indian Technical and Economic Cooperation (ITEC) programme underpins the initiative, offering over 12,000 training slots annually.
Q. The Banking Laws (Amendment) Act, 2025, which introduces key reforms across five major banking legislations, came into effect on which date?
a) 1 January 2025
b) 1 April 2025
c) 1 August 2025
d) 1 December 2025
Answer
The Banking Laws (Amendment) Act, 2025 came into effect on 1 August 2025. The Act includes 19 amendments spanning the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955, and the Banking Companies (Acquisition and Transfer of Undertakings) Acts of 1970 and 1980. The Central Government notified the implementation date as 1 August 2025 for several key sections
Q. As per The Banking Laws (Amendment) Act, 2025, what is the new threshold for ‘substantial interest’ that determines eligibility for directorship in banks, revised from the previous ₹5 lakh?
a) ₹10 lakh
b) ₹50 lakh
c) ₹2 crore
d) ₹5 crore
Answer
c) one major change is the increase of the threshold for ‘substantial interest’ from ₹5 lakh to ₹2 crore. This limit, fixed since 1968, determines eligibility for directorship in banks. The revision ensures that only stakeholders can influence bank governance.
Q. The Banking Laws (Amendment) Act, 2025, has extended the maximum tenure for directors (excluding chairpersons and whole-time directors) in cooperative banks. What is the new maximum tenure?
a) 5 years
b) 8 years
c) 10 years
d) 12 years
Answer
c) The Act extends the maximum tenure for directors (excluding chairpersons and whole-time directors) in cooperative banks from 8 years to 10 years, aligning with the 97th Constitutional Amendment.
Q. Under The Banking Laws (Amendment) Act, 2025, how often will banks now report to the Reserve Bank of India, replacing the previous weekly reporting every Friday?
a) Monthly
b) Quarterly
c) Bi-annually
d) On the last day of the fortnight, month, or quarter
Answer
d) The Act revises reporting timelines for banks, so instead of weekly reporting every Friday, banks will now report on the last day of the fortnight, month, or quarter.
Question : Which organization recently conducted Operation Sindoor and what was its objective?
Answer
Operation Sindoor was organized by DRDO, showcasing India’s indigenous defence technologies such as Akash, MRSAM, BrahMos, AWACS, and the Akashtir Air Defence System. Its objective was to demonstrate India’s self-reliant defence capability.
Question : Under social security schemes, how many beneficiaries did the Bihar government transfer pension funds to?
Answer
Bihar Chief Minister Nitish Kumar transferred ₹1,247 crore in pension funds to 1.12 crore beneficiaries, which included old-age, widow, and disability pensions.
Question: Which state launched the Agal Vilakku scheme and what is its purpose?
Answer
The Tamil Nadu government launched the Agal Vilakku scheme. Its purpose is to create awareness and provide training to girl students from classes 9 to 12 to protect them from cybercrime and online threats.