Daily Current Affairs Quiz 13 December 2025, Attempt Important GK Questions

The Daily Current Affairs Quiz for 13 December 2025 is designed to help aspirants revise important GK topics relevant to banking and other competitive exams. By practising these questions regularly, candidates can strengthen their awareness of recent national, international and financial developments. Daily quizzes play a key role in improving accuracy and retention in the General Awareness section.

Daily Current Affairs Quiz 13 December 2025

Q1. Which international luxury fashion brand signed a Memorandum of Understanding (MoU) with Maharashtra government leather development corporations to take Kolhapuri chappals to global markets?

(a) Gucci

(b) Prada

(c) Louis Vuitton

(d) Versace

(e) Armani

Q2. Consider the following statements regarding the World Inequality Report 2026:

1.India’s income inequality is among the highest in the world.

2.The top 1% in India own nearly 40% of total wealth.

3.The bottom 50% globally own more than 10% of total wealth.

4.The World Inequality Report 2026 released by World Bank.

Which of the above statements are correct?

(a) 1, 2 and 3 only

(b) 1 and 2 only

(c) 2, 3 and 4 only

(d) 1, 3 and 4 only

(e) All statements are correct.

Q3. According to provisional data released by MoSPI, what was India’s all-India CPI inflation rate in November 2025?

(a) 0.25%

(b) 0.50%

(c) 0.71%

(d) 1.05%

(e) 1.40%

Q4. The Cabinet Committee on Economic Affairs recently approved an increase in MSP for copra for the 2026 season. Which of the following MSPs has been fixed for Fair Average Quality (FAQ) milling copra?

(a) ₹11,500 per quintal

(b) ₹11,750 per quintal

(c) ₹12,027 per quintal

(d) ₹12,250 per quintal

(e) ₹12,500 per quintal

Q5. The Cabinet Committee on Economic Affairs (CCEA) approved a new policy mechanism called the CoalSETU window in December 2025, has been introduced under which existing coal linkage policy framework?

(a) SHAKTI Policy

(b) Commercial Mining Policy, 2020

(c) Coal Mines (Special Provisions) Act

(d) Non-Regulated Sector (NRS) Linkage Auction Policy, 2016

(e) National Mineral Policy, 2019

Explanations

Explanation to Question 1: b

• Prada, the renowned Italian luxury fashion brand, has partnered with Maharashtra government leather development corporations to introduce the traditional Kolhapuri chappal to global luxury markets.
• The collaboration involves LIDCOM (Sant Rohidas Leather Industries and Charmakar Vikas Mahamandal) and LIDCAR (Dr. Babu Jagjivanram Charmudyog Vikas Mahamandal).
• The initiative aims to blend centuries-old Indian craftsmanship with contemporary high-end luxury design, creating a bridge between heritage art forms and global fashion.
• The Memorandum of Understanding (MoU) was signed at the Italian Consulate in Mumbai on 11 December 2025.
• The signing took place during the India–Italy Business Forum, organised as part of the official visit of Antonio Tajani, Italy’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation.
• Under the partnership, Prada will work directly with skilled artisans from Maharashtra and Karnataka.
• The footwear will be developed under the project titled “Prada Made in India – Inspired by Kolhapuri Chappals”.
• The initiative seeks to preserve traditional techniques, provide global exposure to artisans, and generate sustainable employment and skill upgradation.
• The exclusive collection is scheduled for a global launch in February 2026.

Explanation to Question 2: b

• The World Inequality Report 2026 is the third edition of the report series, following the 2018 and 2022 editions.
• It is prepared by over 200 scholars worldwide, released by the World Inequality Lab. Hence statement 4 is incorrect.

India-Specific Findings

• Income inequality in India remains among the highest globally. Hence statement 1 is correct.
• The top 10% of earners capture 58% of India’s national income, while the bottom 50% receive only 15%.
• Compared to World Inequality Report 2022, the income share of the top 10% increased from 57% to 58%, while the bottom 50% increased from 13% to 15%.
• Wealth inequality is more severe than income inequality:
  • The richest 10% hold about 65% of total wealth,
  • The top 1% alone own nearly 40% of total wealth. Hence statement 2 is correct.
• Average annual income per capita in India is about €6,200 (PPP).
• Average wealth per adult stands at around €28,000 (PPP).
• Female labour force participation remains very low at 15.7%, with little improvement over the past decade.

Global Inequality Trends

• Global wealth has reached historic highs, but distribution remains highly unequal.
• The top 10% globally own nearly 75% of total wealth, while the bottom 50% own just 2%. Hence statement 3 is incorrect.
• The top 1% control 37% of global wealth, more than 18 times the wealth of the bottom half of the world population.
• The top 0.001% (around 60,000 multi-millionaires) own three times more wealth than the entire bottom half of humanity.

Gender, Climate & Regional Inequality

• Women earn only 61% of men’s hourly income, excluding unpaid work; this falls to 32% when unpaid work is included.
• The top 10% account for 77% of global private capital-related carbon emissions, while the bottom 50% contribute only 3%.
• Average daily income is €125 in North America & Oceania, compared to €10 in Sub-Saharan Africa.

Explanation to Question 3: c

• India’s headline inflation, measured by the all-India Consumer Price Index (CPI), remained at low levels in November 2025, but increased compared to October.
• As per provisional data released by the Ministry of Statistics & Programme Implementation (MoSPI), CPI inflation stood at 0.71% year-on-year, rising by 46 basis points from the previous month.
• Food inflation, measured by the Consumer Food Price Index (CFPI), remained in deflationary territory at –3.91% (YoY).
• Rural inflation moved from negative territory in October to 0.10% in November 2025.
• Urban inflation increased more sharply, rising to 1.40% from 0.88% in October.
• This divergence highlights the interaction between soft food prices and rising non-food costs.

Explanation to Question 4: d

• The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved an increase in the Minimum Support Price (MSP) for copra for the 2026 season on 12 December 2025.
• The MSP for Fair Average Quality (FAQ) milling copra has been fixed at ₹12,027 per quintal.
• The MSP for ball copra has been set at ₹12,500 per quintal.
• The revised MSPs are aligned with the 2018–19 government policy, which mandates MSPs at least 1.5 times the all-India weighted average cost of production.
• Compared to the previous season, the MSP has increased by ₹445 per quintal for milling copra and ₹400 per quintal for ball copra.
• Since 2014, MSPs for both copra categories have more than doubled:
  • Milling copra: from ₹5,250 to ₹12,027 (129% increase).
  • Ball copra: from ₹5,500 to ₹12,500 (127% increase).

Explanation to Question 5: d

• The Cabinet Committee on Economic Affairs (CCEA) on 12 December 2025 approved a new policy mechanism called the CoalSETU window.
• The CoalSETU window creates a new route for long-term coal linkages for a wider range of industrial users and for exports.
• CoalSETU will be incorporated into the existing Non-Regulated Sector (NRS) Linkage Auction Policy, 2016.
• Under the earlier system, coal linkages were restricted to specified end-use sectors such as cement, sponge iron, aluminium, steel, and captive power plants.
• The new CoalSETU mechanism allows any domestic industrial consumer to participate in coal linkage auctions.
• Coking coal is excluded from CoalSETU, and traders are not permitted to bid under this window.
• The policy aims to address evolving market needs, rising energy demand, and to promote ease of doing business.
• Existing NRS linkage auctions for designated sub-sectors will continue, and such end-users may also participate in CoalSETU for added flexibility.

Why Daily Current Affairs Quizzes Matter for Exams

Daily current affairs quizzes play an important role in exam preparation by helping candidates stay updated with relevant information in a structured way. Instead of passive reading, quizzes actively test recall and understanding, which improves long-term retention.

• Improves Retention: Repeated exposure to current affairs through quizzes helps in better memorisation and recall.
• Exam-Oriented Practice: Questions are framed in a pattern similar to bank and government exams, making preparation more focused.
• Tracks Preparation Level: Quizzes highlight strong and weak areas, allowing candidates to revise accordingly.
• Boosts Accuracy and Speed: Daily practice enhances quick thinking and reduces errors in the exam.
• Builds Confidence: Familiarity with current topics makes candidates more confident while attempting GA questions.