Showing questions for July 03, 2025
- Total: 16 questions
Question 1 Jul 03, 2025
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Which telecom company's loan account was classified as 'fraud' by State Bank of India (SBI)?
Reliance CommunicationsState Bank of India (SBI) decided to classify the loan account of Reliance Communications as 'fraud' and report Anil Ambani, the former director, to the Reserve Bank of India (RBI). This decision came after SBI found irregularities in fund utilization and complex financial movements across group entities. Other lenders are expected to follow suit, with potential legal actions from CBI and ED.
Question 2 Jul 03, 2025
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What is the proposed GST rate change for essential household items like ghee, toothpaste, rice, and sewing machines according to the upcoming GST Council meeting?
From 12% to 5%The Government is considering eliminating the 12% GST slab or reclassifying many items taxed at 12% into the lower 5% bracket to ease the burden on middle-class and low-income families. Items like ghee, toothpaste, rice, besan, sewing machines, umbrellas, pressure cookers, and other daily-use products may become cheaper if these changes are approved. The move aims to boost consumption and increase long-term GST collections despite an initial revenue loss.
Question 3 Jul 03, 2025
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Who has been sentenced to six months in prison by Bangladesh's International Crimes Tribunal?
Sheikh HasinaBangladesh’s deposed Prime Minister Sheikh Hasina was sentenced to six months in prison in a contempt of court case by the International Crimes Tribunal. It marks the first time she has been sentenced since leaving office in August last year. The sentence will take effect from the day of her arrest or surrender before the court. She is currently staying in India and being defended by a state-appointed lawyer.
Question 4 Jul 03, 2025
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According to the Enforcement Directorate (ED), how much money did Sonia and Rahul Gandhi pay to acquire ownership of Associated Journals Limited (AJL)?
₹50 lakhThe Enforcement Directorate (ED) stated that Sonia Gandhi and Rahul Gandhi acquired ₹2,000 crore worth of assets of Associated Journals Limited (AJL) by paying just ₹50 lakh. AJL publishes the National Herald newspaper and owns properties across multiple cities. The ED highlighted this discrepancy during proceedings before a Delhi special court, where arguments were ongoing regarding whether the court should take cognizance of the ED's prosecution complaint.
Question 5 Jul 03, 2025
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Which state government recently commemorated the 50th anniversary of the Emergency as 'Samvidhan Hatya Diwas' and emphasized remembering those who fought against it?
Central GovernmentThe Prime Minister highlighted the commemoration of the 50th anniversary of the Emergency, referring to it as 'Samvidhan Hatya Diwas.' He emphasized remembering those who resisted the imposition of the Emergency and safeguarded democracy. The focus was on preserving constitutional values and vigilance against threats to democracy.