Today’s Highlights – 21 June 2025
Monsoon activity picks up across northern India, with heavy showers and alerts issued in Delhi, Haryana, Bihar, Uttar Pradesh, and Gujarat. The RBI’s June policy minutes emphasize a front‑loaded repo rate cut of 50 bps and a neutral stance to support growth. Rain respite arrives in Kanpur and other mid‑India cities. Meanwhile, major banks are passing on reduced rates to consumers after RBI’s earlier rate cuts.
Daily Current Affairs – MCQs (21 June 2025)
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**What weather alert was issued for Haryana on 21 June 2025?**A) RedB) OrangeC) YellowD) No alertAnswer: C) YellowExplanation: IMD issued a yellow alert for heavy rain on 21 June in Haryana.
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**When is the southwest monsoon expected to land in Delhi?**A) 30 JuneB) 27 JuneC) 24 JuneD) 22 JuneAnswer: C) 24 JuneExplanation: IMD forecast the monsoon’s arrival in Delhi by 24 June.
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**How much rain did Kanpur receive, easing heat?**A) 20 mmB) 34.8 mmC) 50 mmD) 70 mmAnswer: B) 34.8 mmExplanation: Kanpur recorded 34.8 mm of rain, reducing temperatures significantly.
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**Which states received monsoon coverage by 21 June?**A) Gujarat and Rajasthan onlyB) Uttar Pradesh, Uttarakhand, parts of Himachal and LadakhC) Andhra Pradesh and TelanganaD) Kerala and KarnatakaAnswer: B) Uttar Pradesh, Uttarakhand, parts of Himachal and LadakhExplanation: Monsoon spread into these northern states as of 20 June.
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**What key cut did RBI make in the June policy meeting?**A) 25 bps repo rateB) 50 bps repo rateC) 100 bps cutD) Tapered rateAnswer: B) 50 bps repo rateExplanation: RBI’s MPC front‑loaded a 50 bps repo cut and moved to neutral stance.
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**How did RBI describe its policy stance in the minutes?**A) AccommodativeB) NeutralC) HawkishD) ExpansionaryAnswer: B) NeutralExplanation: Minutes show RBI shifting from accommodative to neutral.
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**What is RBI aiming to boost through its policy action?**A) Only inflation controlB) Only forex reservesC) Investment and consumptionD) Export incentivesAnswer: C) Investment and consumptionExplanation: Repo cut intended to stimulate borrowing, investment, and consumption.
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**What is the expected monsoon rainfall pattern nationwide this season?**A) Below averageB) Above average (~106–108%)C) Half of long-period averageD) Normal only in coastal areasAnswer: B) Above average (~106–108%)Explanation: IMD forecasts 106% of long-period average, with June expected at 108%.
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**What recent move did banks like SBI, HDFC, and ICICI make?**A) Raised savings ratesB) Lowered savings account ratesC) Introduced fixed deposit bonusD) Launched new credit cardsAnswer: B) Lowered savings account ratesExplanation: These banks cut deposit rates following RBI’s repo cut.
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**What upcoming RBI operation is expected to manage surplus liquidity?**A) VRR auctionsB) VRRR (reverse repo) operationsC) Forex market interventionD) Gold purchaseAnswer: B) VRRR (reverse repo) operationsExplanation: RBI plans VRRR operations after halting daily VRR auctions to manage excess liquidity.
✅ Summary:
Today’s quiz delves into advancing monsoon patterns, RBI’s decisive rate action and policy stance, consumer banking impacts, and evolving liquidity tools.
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