📰 Today’s Highlights – 2 July 2025
India is witnessing significant economic and regulatory shifts: RBI highlights resilience amid global uncertainty and plans to enhance cybersecurity with zero-trust measures; foreign direct and portfolio investments surge; discussions gear up for “One Nation, One Poll” initiative; and RBI’s bond inventory hits record levels, with easing expected via maturities. Additionally, BJP completes its organisational elections, and fishermen benefit from eased FPI norms to access corporate bonds, supporting coastal financing.
Daily Current Affairs – MCQs (2 July 2025)
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**When will the JPC meet to discuss the “One Nation, One Poll” initiative?**A) 5 July 2025B) 9 July 2025C) 11 July 2025D) 15 July 2025Answer: C) 11 July 2025Explanation: The Joint Parliamentary Committee is scheduled for 11 July to review synchronised elections.
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**What did the RBI monthly bulletin highlight about India’s economy?**A) Recessionary forcesB) Strong resilience and low inflationC) High fiscal deficitD) Decline in agricultureAnswer: B) Strong resilience and low inflationExplanation: RBI praised India’s robustness—led by stable inflation and growth across sectors.
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**India’s retail inflation in May 2025 fell to:**A) 4.5%B) 3.6%C) 2.82%D) 1.9%Answer: C) 2.82%Explanation: May saw inflation at 2.82%, the lowest in six years.
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**RBI’s government bond holdings as of March-end stood at:**A) ₹10 trillionB) ₹12.78 trillionC) ₹14.88 trillionD) ₹16.5 trillionAnswer: C) ₹14.88 trillionExplanation: RBI’s holdings hit a record ₹14.88 trillion (12.78% of market).
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**Why are RBI’s bond holdings expected to ease in coming months?**A) Policy tighteningB) Large maturitiesC) Selling to FPIsD) Higher repo rateAnswer: B) Large maturitiesExplanation: Bonds worth up to ₹1 trillion are due for maturity.
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**What new cybersecurity framework did RBI advocate?**A) Cloud-first strategyB) Decentralised securityC) Risk-based supervision & zero-trustD) Public-private partnerships onlyAnswer: C) Risk-based supervision & zero-trustExplanation: RBI endorsed zero‑trust and AI‑aware measures to fight cyberfraud.
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**Which stood out in RBI’s latest Financial Stability Report?**A) Weak job growthB) Financial sector fragilityC) Economic strength amid global headwindsD) Banking crisisAnswer: C) Economic strength amid global headwindsExplanation: RBI noted stability and healthy growth despite global uncertainties.
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**According to a Reuters poll, what GDP growth is forecast for FY26?**A) 5.5%B) 6.4%C) 7.0%D) 6.0%Answer: B) 6.4%Explanation: Analysts expect 6.4% growth next fiscal .
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**What structural change did BJP complete by 1 July?**A) Parliament electionsB) Organisational pollsC) Finance meetingD) Cabinet reshuffleAnswer: B) Organisational pollsExplanation: BJP finalised its internal elections up to state level.
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**Why did RBI ease FPI rules on corporate bonds?**A) Encourage long-term bank lendingB) Restrict FPI accessC) Boost foreign inflows into bondsD) Control inflationAnswer: C) Boost foreign inflows into bondsExplanation: Caps were removed to enhance FPI participation in corporate debt.
✅ Summary:
Today’s quiz dives into key policy insights—from RBI’s bulletin and stability report, cybersecurity standards, record bond holdings, FPI rule changes, to political timing on “One Nation, One Poll” and BJP organisational polls.
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