Daily Current Affairs 25 July 2026

Q1 By what percentage did IDFC FIRST Bank's net profit increase in Q1FY27?

• A132%Correct
• B37%
• C21%
• D5.9%

Explanation IDFC FIRST Bank's net profit soared by 132% to ₹1,075 crore in Q1FY27.

Q2 What was the net interest margin (NIM) of AU Small Finance Bank in Q1FY27?

• A5.9%Correct
• B5.4%
• C21%
• D37%

Explanation AU Small Finance Bank's NIM rose to 5.9% in Q1FY27 from 5.4% in the previous year.

Q3 What was the net interest income of IDFC FIRST Bank in Q1FY27?

• A₹5,972 croreCorrect
• B₹4,933 crore
• C₹796 crore
• D₹1,075 crore

Explanation IDFC FIRST Bank recorded a net interest income of ₹5,972 crore in Q1FY27.

Q1 Who was arrested as the alleged mastermind of the Maharashtra TET 2026 paper leak?

• ABijendra Kumar GuptaCorrect
• BRamesh Singh
• CSuresh Patil
• DVijay Deshmukh

Explanation Bijendra Kumar Gupta was arrested by Bhiwandi Police in Bihar as the alleged mastermind of the Maharashtra TET 2026 paper leak.

Q2 Where was Bijendra Gupta arrested in connection with the Maharashtra TET paper leak?

• AMaharashtra
• BBiharCorrect
• CDelhi
• DKarnataka

Explanation Bijendra Gupta was arrested in Bihar by the Bhiwandi Police.

Q3 After his arrest, where was Bijendra Gupta brought before being taken to Bhiwandi?

• AMumbai Airport
• BNagpur Airport
• CPune AirportCorrect
• DAurangabad Airport

Explanation After his arrest, Bijendra Gupta was brought to Pune Airport and then taken to Bhiwandi.

Q1 Why did Dharmendra Pradhan resign as Union Education Minister in July 2026?

• ADue to massive protests over NEET paper leakCorrect
• BTo contest in state elections
• CFollowing a health-related issue
• DAfter completing his term

Explanation Dharmendra Pradhan resigned amid massive protests related to the NEET paper leak controversy.

Q2 What was debunked shortly before Dharmendra Pradhan's resignation?

• AA fake AI-generated video featuring himCorrect
• BRumors about his health
• CClaims of election fraud
• DReports of his appointment to another ministry

Explanation A fact-check debunked an AI-generated video featuring Dharmendra Pradhan shortly before his resignation.

Q3 Which examination's paper leak led to protests causing Dharmendra Pradhan's resignation?

• ANEETCorrect
• BJEE
• CUPSC
• DCAT

Explanation The protests were over the NEET paper leak, which triggered the resignation.

Q1 What was the main reason for the Citizenship Justice Party (CJP) to call off its 36-day protest at Jantar Mantar?

• AGovernment agreed to withdraw FIRs against demonstrators and promised compensation for NEET victims' familiesCorrect
• BDharmendra Pradhan was appointed as a new minister
• CNEET examination was cancelled nationwide
• DThe protest reached its planned duration

Explanation The CJP ended its protest after the government agreed to withdraw FIRs against demonstrators and promised compensation for families affected by NEET incidents.

Q2 Which minister resigned amid the developments related to the CJP protest?

• ADharmendra PradhanCorrect
• BAmit Shah
• CNirmala Sitharaman
• DRajnath Singh

Explanation Minister Dharmendra Pradhan resigned amid the developments related to the CJP protest.

Q3 Where was the Citizenship Justice Party's protest held?

• AJantar MantarCorrect
• BIndia Gate
• CRed Fort
• DRajpath

Explanation The CJP held its 36-day protest at Jantar Mantar.

Q1 Why did Dharmendra Pradhan resign as Education Minister?

• ADue to controversies over the NEET paper leakCorrect
• BTo contest in upcoming elections
• CHealth reasons
• DPersonal family issues

Explanation Dharmendra Pradhan resigned amid controversies related to the NEET paper leak.

Q2 Which political leader praised the students following Dharmendra Pradhan's resignation?

• ANarendra Modi
• BRahul GandhiCorrect
• CArvind Kejriwal
• DMallikarjun Kharge

Explanation Rahul Gandhi said, ‘Well done, students’ after Dharmendra Pradhan's resignation.

Q3 How did Arvind Kejriwal describe Dharmendra Pradhan's resignation?

• AA setback for democracy
• BA great victory of democracyCorrect
• CAn unnecessary move
• DA political strategy

Explanation Arvind Kejriwal called the resignation a ‘great victory of democracy’.

Q1 Why did Union Education Minister Dharmendra Pradhan resign?

• ADue to weeks of student protests over the NEET-UG paper leakCorrect
• BTo take up a new political position
• CBecause of health issues
• DTo join a private organization

Explanation Dharmendra Pradhan resigned after weeks of student-led protests demanding accountability over the NEET-UG paper leak.

Q2 What did Dharmendra Pradhan say about the future of students in his resignation statement?

• AHe wanted to ensure their future is not entangled in legal complexitiesCorrect
• BHe promised to conduct new exams immediately
• CHe blamed anti-national forces for the protests
• DHe announced reforms in the education system

Explanation He stated he did not want the future of even a single student to be entangled in legal complexities.

Q3 Where did the student protests demanding accountability for the NEET-UG paper leak take place?

• ADelhiCorrect
• BMumbai
• CChennai
• DKolkata

Explanation The protests were held in Delhi.

Q1 What action did the Indian government take regarding the viral deepfake video of PM Modi?

• AFact-checked and debunked the videoCorrect
• BPromoted the video on social media
• CIgnored the video
• DSupported the video as genuine

Explanation The government fact-checked and debunked the AI-generated deepfake video of PM Modi.

Q2 Which organization urged citizens to report misleading AI-generated videos?

• APress Information Bureau (PIB)Correct
• BElection Commission of India
• CMinistry of Defence
• DCentral Bureau of Investigation

Explanation The Press Information Bureau (PIB) encouraged the public to report misleading content to combat misinformation.

Q3 Who did the Centre accuse of spreading misleading AI-generated content?

• APakistani propaganda accountsCorrect
• BLocal Indian media
• CInternational NGOs
• DSocial media influencers

Explanation The Centre accused Pakistani propaganda accounts of spreading misleading AI-generated content.

Q1 Why did Ravneet Singh Bittu resign as Union Minister of State for Railways?

• AHis Rajya Sabha tenure endedCorrect
• BHe lost the Lok Sabha election in 2024
• CHe joined the Bharatiya Janata Party
• DHe was appointed to a new ministry

Explanation Ravneet Singh Bittu resigned after his Rajya Sabha tenure ended, as stated by party sources.

Q2 Which political party did Ravneet Singh Bittu join in 2024?

• AIndian National Congress
• BBharatiya Janata PartyCorrect
• CAam Aadmi Party
• DCommunist Party of India

Explanation Bittu joined the Bharatiya Janata Party in 2024 after leaving Congress.

Q3 From which Assembly constituency may Ravneet Singh Bittu contest the upcoming election?

• AAmritsar East
• BLudhiana (Central)Correct
• CChandigarh
• DJalandhar West

Explanation Party sources indicate he may contest from the Ludhiana (Central) Assembly constituency.

Q1 What is India's response to Pakistan's claim of creating a flood-like situation by increasing Chenab River flow?

• AIndia accepts responsibility for increasing the flow
• BIndia calls the allegations baseless and attributes flow to monsoon rainsCorrect
• CIndia blames Pakistan for the flood situation
• DIndia has not commented on the issue

Explanation India dismissed Pakistan's claims as baseless and stated that the water flow increase is due to prevailing monsoon conditions.

Q2 According to the Ministry of External Affairs spokesperson, what supports India's position on the Chenab River water flow?

• ASatellite images from India
• BPakistan's own flood forecasting authorities' acknowledgmentCorrect
• CReports from international agencies
• DStatements from local Indian officials

Explanation MEA spokesperson Randhir Jaiswal noted that Pakistan's own flood forecasting authorities acknowledged the observed flows as consistent with monsoon conditions.

Q3 What is the primary cause of the rise in Chenab River water levels according to India?

• ADeliberate increase in water release by India
• BHeavy rainfall due to monsoonCorrect
• CDam failure in Pakistan
• DWater diversion by Pakistan

Explanation India stated that the rise in Chenab water levels is due to heavy rainfall during the monsoon season.

Q1 What is the maximum jail term prescribed under the new anti-paper leak law notified by the Centre in 2024?

• A5 years
• B7 years
• C10 yearsCorrect
• D15 years

Explanation The new law prescribes imprisonment of up to 10 years for offences related to paper leaks and organised cheating.

Q2 What is the maximum fine imposed under the anti-paper leak law notified in 2024?

• A₹50 lakh
• B₹1 croreCorrect
• C₹5 crore
• D₹10 crore

Explanation The law prescribes a fine of up to ₹1 crore for exam-related offences such as paper leaks.

Q3 The new anti-paper leak law builds on which existing legislation?

• AThe Public Examinations (Prevention of Unfair Means) Act, 2024Correct
• BThe Education Reform Act, 2023
• CThe Examination Security Act, 2024
• DThe National Education Policy, 2020

Explanation The new legislation builds on the Public Examinations (Prevention of Unfair Means) Act, 2024.

Q1 What is the main objective of India's National Investment Policy for Urea (NIPU)-2026?

• ATo increase urea imports
• BTo promote self-reliance in urea productionCorrect
• CTo ban urea production
• DTo privatize urea distribution

Explanation The NIPU-2026 aims to promote self-reliance in urea production by boosting domestic manufacturing capacity.

Q2 When was the National Investment Policy for Urea (NIPU)-2026 announced?

• AJuly 2024
• BJuly 2025
• CJuly 2026Correct
• DJuly 2027

Explanation The policy was announced in July 2026 as per the source.

Q1 What was the coupon rate set by ICICI Bank for its $1 billion five-year dollar bond?

• A130 basis points over U.S. Treasuries
• B100 basis points over U.S. TreasuriesCorrect
• C5.46% flat rate
• D150 basis points over U.S. Treasuries

Explanation ICICI Bank set the coupon at 100 basis points over U.S. Treasuries, which is lower than the initial guidance of 130 basis points.

Q2 How much investor interest did ICICI Bank's $1 billion bond issue attract?

• A$1 billion
• B$2 billion
• C$3 billionCorrect
• D$4 billion

Explanation The bond issue attracted $3 billion in bids, indicating strong investor demand.

Q3 What is significant about ICICI Bank's recent dollar bond issue?

• AIt is the first dollar debt sale by ICICI Bank in nearly 9 years
• BIt is the largest such issue by an Indian lender in nearly 14 years
• CBoth A and BCorrect
• DIt is the smallest dollar bond issue by an Indian lender

Explanation The bond is ICICI Bank's first dollar debt sale in nearly nine years and the largest such issue by an Indian lender in nearly 14 years.

Q1 What tariff rate did India secure under the new US Section 301 forced-labour regime?

• A5%
• B10%Correct
• C15%
• D20%

Explanation India moved into a lower 10% tariff band under the US Section 301 forced-labour regime.

Q2 Which Indian sector missed out on the proposed US tariff quota relief that was granted to Bangladesh and other countries?

• APharmaceuticals
• BTextilesCorrect
• CAutomobiles
• DAgriculture

Explanation Indian textiles missed the proposed US tariff quota relief given to Bangladesh, Indonesia, Cambodia, and Malaysia.

Q3 Which of the following trade issues still need resolution between India and the US according to experts?

• APharmaceutical tariffs and Russian oil penaltiesCorrect
• BAutomobile import duties
• CAgricultural subsidies
• DIntellectual property rights

Explanation Experts say pharmaceutical tariffs, Russian oil penalties, and excess-capacity probes must be resolved in the bilateral trade agreement.

Q1 What percentage of US imports do the top 60 trading partners, covered by the new US forced labour tariffs, account for?

• A90.2%
• B95.7%
• C99.4%Correct
• D85.6%

Explanation The new US tariffs cover the top 60 US trading partners, which account for 99.4% of US imports.

Q2 What is the primary reason for the US imposing new tariffs on its top trading partners?

• ATo reduce trade deficit
• BTo address forced labour concernsCorrect
• CTo promote domestic manufacturing
• DTo retaliate against tariffs

Explanation The tariffs aim to address concerns related to forced labour in global supply chains.

Q3 Which country is mentioned as being affected by the new US forced labour tariffs?

• AChina
• BIndiaCorrect
• CBrazil
• DRussia

Explanation The tariffs affect major economies including India.

Q1 What is the main reason for the 50% freight hike on Saudi oil shipments to India?

• AHouthi blockade in the Red SeaCorrect
• BIncrease in global oil prices
• CNew taxes imposed by Saudi Arabia
• DClosure of the Suez Canal

Explanation The freight hike is due to the Houthi blockade in the Red Sea affecting shipments from Yanbu port.

Q2 Which Saudi port's shipments are primarily affected by the blockade impacting oil supplies to India?

• AJeddah port
• BYanbu portCorrect
• CDammam port
• DRas Tanura port

Explanation The blockade primarily affects oil shipments from Yanbu port, a key alternative for Saudi energy supplies to India.

Q3 What alternative route are ships considering due to the Red Sea blockade?

• ACape of Good Hope route
• BPanama Canal route
• CLonger Suez Canal routeCorrect
• DNorthern Sea Route

Explanation Ships are eyeing a longer route via the Suez Canal due to the blockade in the Red Sea.

Q1 What is the primary purpose of Manipal Health Enterprises' ₹9,275 crore IPO?

• ATo reduce debt and strengthen the balance sheetCorrect
• BTo enter the pharmaceutical manufacturing sector
• CTo launch a new hospital chain in Tamil Nadu
• DTo pay dividends to existing shareholders

Explanation The IPO proceeds will mostly be used to cut debt and strengthen the company's balance sheet.

Q2 When does Manipal Health Enterprises' IPO open and what is the price band?

• A29 July; ₹560-590 per shareCorrect
• B1 August; ₹500-550 per share
• C15 July; ₹600-650 per share
• D30 July; ₹550-600 per share

Explanation The IPO opens on 29 July with a price band of ₹560-590 per share.

Q3 Which investor backs Manipal Health Enterprises as mentioned in the IPO announcement?

• ATemasekCorrect
• BSoftBank
• CSequoia Capital
• DTiger Global

Explanation Manipal Health Enterprises is backed by Temasek.

Q1 Why was Google fined €890 million by the European Union?

• AFor violating the Digital Markets Act related to its Play app store and search servicesCorrect
• BFor data privacy violations in the EU
• CFor tax evasion in European countries
• DFor monopolizing the smartphone hardware market

Explanation Google was fined for breaching the EU's Digital Markets Act concerning its Play app store and search services.

Q2 What is the approximate value of the fine imposed on Google by the EU?

• A$500 million
• B$1 billionCorrect
• C$2 billion
• D$100 million

Explanation The EU fined Google about $1 billion, which is €890 million.

Q3 Which legislation did Google violate leading to the EU fine?

• AGeneral Data Protection Regulation
• BDigital Markets ActCorrect
• CDigital Services Act
• DCompetition Act

Explanation The fine was imposed due to violations of the EU's Digital Markets Act.

Q1 Where was the MV Omorfi attacked leading to the death of an Indian seafarer?

• AIn the Indian Ocean
• BIn the Black SeaCorrect
• CIn the Mediterranean Sea
• DIn the Baltic Sea

Explanation The MV Omorfi was attacked while transiting the Black Sea, as confirmed by the External Affairs Ministry.

Q2 How many Indian crew members were on board MV Omorfi at the time of the attack?

• AOne
• BTwo
• CThreeCorrect
• DFour

Explanation There were three Indian crew members on board the MV Omorfi during the attack.

Q3 According to reports, in whose territorial waters did the attack on MV Omorfi reportedly occur?

• AUkrainian territorial waters
• BRussian territorial watersCorrect
• CTurkish territorial waters
• DRomanian territorial waters

Explanation The attack reportedly took place in Russian territorial waters.