Daily Current Affairs Quiz: 6th-7th April 2025

Answer: [d] August 1, 2025

Explanation:

The Securities and Exchange Board of India (SEBI) has extended the deadline for implementing its new regulations on retail investors’ participation in algorithmic (algo) trading. The rules, initially set to come into effect from April 1, 2025, will now be implemented from August 1, 2025. This regulatory move marks a significant step in formalising retail algo trading and aligns with SEBI’s broader goal of strengthening market integrity through better supervision and transparency.

Answer: [c] Bihar

Explanation:

The State Bank of India (SBI) has released a research report that sheds light on the evolving pattern of Pradhan Mantri Mudra Yojana (PMMY) loan disbursements over the last decade, emphasizing regional financial inclusion in underserved states.

Bihar’s share in Mudra loans nearly doubled, rising from 5.67% in FY16 to 10.97% in FY25, marking the largest increase among all mentioned states. Uttar Pradesh’s share also grew from 9.27% to 11.30%. Odisha saw a marginal rise from 4.24% to 4.51%. The North-Eastern (N-E) region collectively showed a steady increase in loan disbursement volumes, though individual states were not specified in the data.

Answer: [c] SBI’s Kisan Credit Card (KCC) loan portfolio

Explanation:

The State Bank of India (SBI) and Citi have announced a social loan facility of $295 million under Citi’s Trade & Working Capital Solutions, aimed at supporting smallholder farmers in India. The facility will be used to finance SBI’s Kisan Credit Card (KCC) loan portfolio. It aims to meet the credit needs of the agricultural sector, specifically smallholder farmers. It will also enhance agricultural productivity by ensuring timely access to credit, improve the financial well-being of small farmers and promote economic inclusion and income generation for underserved rural communities.

Answer: [d] MRSAM (Army Version)

Explanation:

The Defence Research and Development Organisation (DRDO) and the Indian Army successfully conducted four flight-tests of the Army version of the Medium-Range Surface-to-Air Missile (MRSAM) from Dr APJ Abdul Kalam Island, Odisha.

MRSAM (Army Version) is a high-response, vertically launched supersonic missile. Jointly developed by DRDO and Israel Aerospace Industries (IAI). It is designed to neutralize aerial threats such as enemy aircraft, UAVs, and missiles within a medium range. MRSAM Weapon System comprises multi-function radar, command post, mobile launcher system and other integrated vehicles. MRSAM is part of a family of missiles designed to defend against various aerial threats. Earlier versions of the missile have already been inducted into the Indian Air Force and Navy.

Answer: [c] FY 2024–25

Explanation:

Indian Railways has achieved a historic high in wagon production, manufacturing 41,929 wagons in FY 2024-25, surpassing the previous year’s figure of 37,650 wagons in FY 2023-24.
This marks a threefold rise compared to the annual average of 13,262 wagons during 2004–2014.

Answer: [c] ₹18,658 crore

Explanation:

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved four key railway projects worth Rs. 18,658 crore (approx.), spanning 15 districts across Maharashtra, Odisha, and Chhattisgarh. These projects will expand the Indian Railways network by 1247 km. Key Projects Approved are (i) Sambalpur – Jarapda (3rd and 4th line), (ii) Jharsuguda – Sason (3rd and 4th line), (iii) Kharsia – Naya Raipur – Parmalkasa (5th and 6th line) and (iv) Gondia – Balharshah (doubling)

Answer: [b] INS Sunayna

Explanation:

Union Defence Minister Rajnath Singh flagged off the Indian Navy’s INS Sunayna from Karwar, Karnataka, as part of the Indian Ocean Ship (IOS) SAGAR initiative, marking a decade of SAGAR (Security and Growth for All in the Region). IOS SAGAR is a pioneering effort aimed at bringing together the navies and maritime agencies of the Southwest Indian Ocean Region (IOR) on an Indian Naval platform.  The mission will serve as an opportunity to provide comprehensive training to sea-riders from the FFNs and marks an unprecedented collaboration in maritime security. IOS SAGAR aims to enhance interoperability and build capacity among Southwest Indian Ocean Region (IOR) countries using an Indian Naval platform. The initiative is aligned with India’s new MAHASAGAR vision (Mutual and Holistic Advancement for Security and Growth Across Regions) launched by PM Narendra Modi.

Answer: [b] PMGSY-III

Explanation:

Ministry of Rural Development has approved multiple projects under Pradhan Mantri Gram Sadak Yojana – Phase III (PMGSY-III) for Manipur, Mizoram, Himachal Pradesh, and Uttarakhand. These projects aim to enhance last-mile connectivity, bridge the rural-urban divide, and create a foundation for Viksit Bharat. It will also give boost to rural infrastructure development and accelerate economic development.

Answer: [b] PM-JANMAN

Explanation:

Ministry of Rural Development has approved projects for Tripura and Odisha under the connectivity component of Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN). These projects aim to provide all-weather road access to Particularly Vulnerable Tribal Groups (PVTGs) and foster inclusive development in remote regions.

PM-JANMAN was Launched in 2023. It targets 75 PVTG communities across 18 States and 1 Union Territory. It is implemented through 11 interventions by 9 Central Ministries. Its total budgetary outlay is Rs 24,104 crore (Central share: Rs 15,336 crore, State share: Rs 8,768 crore)

Answer: [c] Vibrant Villages Programme-II (VVP-II)

Explanation:

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Vibrant Villages Programme-II (VVP-II) as a Central Sector Scheme with 100% Central funding. This scheme aligns with the vision of Viksit Bharat @2047 for “Safe, Secured & Vibrant Land Borders”, focusing on the comprehensive development of villages near international land borders (ILBs) not covered under VVP-I (Northern Borders). It will be implemented till FY 2028-29 with total outlay of Rs 6,839 crore. It will be covering select villages in Arunachal Pradesh, Assam, Bihar, Gujarat, J&K (UT), Ladakh (UT), Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand, Uttar Pradesh, West Bengal.

Answer: [c] Pension Fund Regulatory and Development Authority (PFRDA)

Explanation:

The First International Research Conference on Pension (IRCP) 2025 held in New Delhi concluded yesterday. The two-day event was organized by the Pension Fund Regulatory and Development Authority (PFRDA) in collaboration with the Indian Institute of Management Ahmedabad (IIMA), to mark a historic milestone in India’s journey toward robust old-age income security. This platform brought together policymakers, scholars, industry leaders, and international experts to deliberate on the evolving dynamics of pension reforms, financial preparedness for retirement, and innovative strategies to secure the future of aging population

Answer: [b] April 4

Explanation:

International Mine Awareness and Assistance in Mine Action Day is observed annually on April 4 to raise awareness about landmines and explosive remnants of war (ERW). The day aims to promote safety, health, and the well-being of civilians in mine-affected areas. It also encourages governments to develop and implement mine-clearance programs and provide assistance to mine accident survivors.

Answer: [c] Andhra Pradesh

Explanation:

Andhra Pradesh launched the ‘Zero Poverty – P4 Policy’ initiative under its Swarnandra 2047 vision, aiming to eliminate poverty by 2029. The program was announced on Ugadi, marking the Telugu New Year, symbolizing a fresh start towards inclusive socio-economic growth. The initiative focuses on bridging the economic divide and ensuring sustainable development for all sections of society.

Answer: [c] Telangana

Explanation:

Warangal Chapata Chilli, also known as Tomato Chilli, has received the Geographical Indication (GI) tag from the GI Registry, Government of India. This unique chilli variety is known for its bright red color and round shape, resembling a tomato. The GI tag will help in protecting the identity of this special variety, boosting market recognition and farmer benefits in Telangana. Warangal Chapata Chilli joins the list of other GI-tagged agricultural products from Telangana, strengthening the region’s agro-economic identity.

Answer: [b] SP-95/4

Explanation:

The ICAR-Central Tuber Crops Research Institute (ICAR-CTCRI) has successfully developed a new biofortified sweet potato variety, SP-95/4, aimed at improving tribal food security and nutrition. This orange-fleshed, pink-skinned tuber is rich in beta-carotene, an essential source of Vitamin A, making it highly nutritious. The variety has completed final multi-location trials across states like Odisha, West Bengal, Karnataka, and Kerala, ensuring its adaptability and productivity in different agro-climatic zones.