Daily Current Affairs Quiz 07th January, 2026 Check Important Questions Here

By solving daily current affairs quizzes, candidates can track their preparation progress and identify areas that need improvement. This consistent practice enhances accuracy, builds confidence, and improves overall performance in time-bound competitive exams.

Q1. The 69th National School Games, which feature competitions in Judo, Taekwondo and Gatka, are being hosted in which Indian State?

(a) Haryana

(b) Himachal Pradesh

(c) Rajasthan

(d) Punjab

(e) Uttarakhand

Answer: d

Solution:

• The 69th National School Games commenced recently in Punjab, drawing young athletes from across the country.
• The events are being hosted at Guru Nanak Stadium in Ludhiana.
• Around 1,000 sportspersons from various States and Union Territories, including Jammu & Kashmir, Ladakh, Andhra Pradesh, and North Eastern states, are participating.
• The 69th National School Games will conclude on 11 January.

Q2. According to data released by the Federation of Automobile Dealers Associations (FADA), automobile retail sales in India grew by what percentage year-on-year in CY25?

(a) 6.25%

(b) 7.10%

(c) 7.71%

(d) 8.40%

(e) 9.25%

Answer: c

Solution:

• Automobile retail sales in India recorded a 7.71% year-on-year (YoY) growth in Calendar Year 2025 (CY25).
• Total auto retail sales crossed 2.81 crore vehicles, as per data released by the Federation of Automobile Dealers Associations (FADA).
• Two-wheelers remained the largest segment, registering a growth of 7.24%, followed by passenger vehicles (PVs), which grew by 9.7%.
• Rural passenger vehicle sales rose by over 12%, outpacing urban markets, which grew at just over 8%, indicating widening personal mobility beyond metros.
• In December 2025, auto retail sales surged sharply by 14.63% YoY, driven by strong demand for:
  • Passenger vehicles
  • Commercial vehicles
  • Three-wheelers
• The growth momentum was supported by GST 2.0 reforms, improved affordability, and festive-season demand.
• Overall, the auto retail sector outlook remains positive, with momentum expected to strengthen further over the next three months.

Q3. According to the latest data released by the Reserve Bank of India (RBI) on deposit insurance coverage in the banking system, a significant portion of deposits held with commercial and cooperative banks were insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) as of March 2025. What percentage of total bank deposits by value were insured under the DICGC scheme?

(a) 35.2%

(b) 38.6%

(c) 45.5%

(d) 43.1%

(e) 41.5%

Answer: e

Solution:

• According to data released by the Reserve Bank of India (RBI), as of March 2025, 41.5% of total bank deposits by value and 97.6% by number of accounts were insured in commercial and cooperative banks.
• Deposit insurance is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), which offers coverage of up to ₹5 lakh per depositor.
• Out of total bank deposits of ₹241.08 lakh crore at the end of March 2025, ₹100.12 lakh crore were insured.
• In the previous year, 43.1% of deposits, amounting to ₹94.12 lakh crore, were covered under deposit insurance.
• During FY25, DICGC:
  • Settled ₹476 crore in claims
  • Recovered ₹1,309 crore from claims
• The Deposit Insurance Fund balance stood at ₹2.29 lakh crore as of March 2025, registering a 15.2% year-on-year growth, while insured deposits grew by 6.4%.
• Since its inception in 1961, DICGC has charged banks a flat premium of 12 paise per ₹100 of assessable deposits.
• In December 2025, RBI approved a risk-based deposit insurance framework to encourage prudent risk management and enhance financial stability.
• Almost all deposits in payment banks are insured, as they can accept a maximum of ₹2 lakh per depositor.
• As of 31 March 2025, DICGC provided deposit insurance to 1,982 banks, comprising:
  • 139 commercial banks
  • 1,843 cooperative banks

Q4. According to the Reserve Bank of India, the Supervisory Data Quality Index (sDQI) score of Scheduled Commercial Banks improved to which level in the September 2025 quarter, reflecting enhanced quality of supervisory data submissions?

(a) 88.5

(b) 89.9

(c) 90.2

(d) 90.7

(e) 91.5

Answer: d

Solution:

• The Reserve Bank of India (RBI) stated on 6 January 2026 that the Supervisory Data Quality Index (sDQI) score of Scheduled Commercial Banks (SCBs) improved to 90.7 in the September 2025 quarter.
• This marks an improvement from 89.9 recorded during the April–June 2025 quarter.
• The improvement reflects better accuracy, timeliness, completeness, and consistency in banks’ supervisory data submissions.
• Notably, all scheduled commercial banks scored above 80, indicating overall acceptable to good data quality standards.
• The sDQI has been developed by RBI to measure the quality of supervisory returns submitted by banks.
• The index evaluates compliance with principles laid down in the RBI’s Master Direction on Filing of Supervisory Returns, 2024.

sDQI Score Interpretation

• Below 70 → Major concerns
• 70–80 → Needs improvement
• 80–90 → Acceptable
• Above 90 → Good

Q5. According to the First Advance Estimates released by the National Statistics Office, India’s Real GDP growth for FY 2025–26 has been projected higher than the previous year, reflecting strong economic momentum led by services. What is the estimated Real GDP growth rate for FY 2025–26?

(a) 7.4%

(b) 6.8%

(c) 7.0%

(d) 6.4%

(e) 7.8%

Answer: a

Solution:

• The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) released the First Advance Estimates of GDP for FY 2025–26.
• The estimates include GDP and its expenditure components at Constant Prices (2011–12) and Current Prices, along with sector-wise GVA, National Income, and Per Capita Income for FYs 2023–24, 2024–25 and 2025–26.

Key Highlights

• Real GDP growth for FY 2025–26 is estimated at 7.4%, compared to 6.5% in FY 2024–25.
• Nominal GDP is projected to grow by 8.0% in FY 2025–26.
• Real GVA is estimated to expand by 7.3%, with the services sector emerging as the primary growth driver.
• Within the tertiary sector,
  • Financial, Real Estate & Professional Services and
  • Public Administration, Defence & Other Services
    are estimated to grow at a strong 9.9% at constant prices.
• Trade, Hotels, Transport, Communication & Broadcasting services are projected to grow by 7.5%.
• In the secondary sector, Manufacturing and Construction are estimated to grow by 7.0%.
• Agriculture & Allied activities (3.1%) and Electricity, Gas, Water Supply & Utility services (2.1%) recorded moderate growth.
• Real Private Final Consumption Expenditure (PFCE) is estimated to grow by 7.0% in FY 2025–26.
• Gross Fixed Capital Formation (GFCF) is projected to grow by 7.8%, higher than 7.1% in the previous fiscal year.