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Daily Current Affairs Quiz 2025 31st December, 2025, Check Important Questions Here |

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Daily Current Affairs: 02 January, 2026

Q1. With the objective of improving ease of use for highway commuters, NHAI announced a procedural change related to FASTag issuance. What is the key change introduced from 1 February 2026?

(a) Mandatory renewal of FASTag every year

(b) Discontinuation of KYV cards for new car FASTags

(d) Introduction of physical toll receipts

(e) Increase in FASTag security deposit

Answer: b

Solution:

The National Highways Authority of India (NHAI) announced the discontinuation of Know Your Vehicle (KYV) cards for cars in all new FASTag issuances, effective from 1 February 2026.
The decision was communicated by the Ministry of Road Transport and Highways (MoRTH).
The move aims to enhance public convenience and eliminate post-activation harassment faced by highway users.
As per the new guidelines, KYV verification will be required only in specific cases, such as when complaints are received.
In the absence of any complaint, existing car FASTags will not require KYV verification.
The measure ensures that vehicle verification is completed upfront, thereby removing the need for repeated follow-ups with customers after FASTag activation.
This reform is expected to simplify FASTag onboarding and improve the overall user experience on national highways.

Q2. According to data released by NPCI, UPI transactions showed robust expansion in December 2025. What was the total number of UPI transactions recorded during the month?

(a) 20.48 billion

(b) 19.63 billion

(d) 22.15 billion

(e) 23.02 billion

Answer: c

Solution:

The Unified Payments Interface (UPI) maintained strong growth momentum in December 2025, registering a 29% year-on-year increase to reach 21.63 billion transactions.
According to data released by the National Payments Corporation of India (NPCI), the value of UPI transactions rose by 20% annually to around ₹28 lakh crore.
On a month-on-month basis, both transaction volume and transaction value recorded notable growth.
The average daily UPI transaction value increased to ₹90,217 crore in December, compared to ₹87,721 crore in November 2025.
The average daily UPI transaction count rose to 698 million, up from 682 million in the previous month.
Transactions conducted through the Immediate Payment Service (IMPS) amounted to ₹6.62 lakh crore in December, marking a 10% year-on-year increase.
IMPS transaction value increased from ₹6.15 lakh crore in November to ₹6.62 lakh crore in December.
IMPS transaction volume stood at 380 million, rising from 369 million in November.
The average daily IMPS transaction value increased to ₹21,269 crore, compared to ₹20,506 crore in the preceding month.

Q3. To reduce compliance burden and improve regulatory efficiency, the Ministry of Corporate Affairs amended Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014. What is the key change introduced by this amendment?

(a) Abolition of KYC for directors
(b) Replacement of annual KYC with triennial KYC filing
(c) Mandatory Aadhaar-based KYC
(d) Introduction of quarterly KYC filings
(e) Outsourcing KYC to private agencies

Answer: b

Solution:

The annual KYC requirement for company directors under Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014 has been reviewed and rationalised.
The review was undertaken by the Ministry of Corporate Affairs (MCA) based on:
- recommendations of the High-Level Committee on Non-Financial Regulatory Reforms (HLC-NFRR), and
- suggestions received from various stakeholders.
Pursuant to the amendment notified on 31 December 2025, the revised provisions will come into effect from 31 March 2026.
Under the amended rules, the annual KYC filing requirement has been replaced with a simpler KYC intimation once every three years.
The revised simplified KYC Form can now be used for multiple purposes, including:
- KYC compliance,
- updation of mobile number,
- updation of email address,
- updation of residential address, and
- re-activation of DIN.
Digital signature verification and professional certification will be required only when the KYC Form is filed for updating mobile number, email address, or residential address.
The amendment aims to provide significant ease of compliance to directors of all companies.
Directors who have already completed KYC are covered under the new regime, and their next KYC filing will be due by 30 June 2028.
Directors who have not submitted KYC so far may continue to get their DIN re-activated under existing provisions until 31 March 2026.

Q4. To support river rejuvenation and urban infrastructure development, an international financial institution has agreed to extend a major loan to Telangana. Which institution has approved a loan of ₹4,100 crore for the Musi River Development Project?

(a) World Bank

(b) International Monetary Fund

(d) Asian Infrastructure Investment Bank

(e) Asian Development Bank

Answer: e

Solution:

The Asian Development Bank (ADB) has agreed to extend a loan of ₹4,100 crore to the Telangana government for the Musi River Development Project.
The financial assistance from ADB will support select components of Phase-I of the Musi River Development Project.
In addition to the ADB loan, the Telangana government is seeking ₹3,188 crore under the National River Conservation Plan (NRCP).
The project aims to facilitate river rejuvenation, urban environmental improvement, and sustainable water management in the state.

Q5. As per the latest annual report of the insurance regulator, India’s overall insurance penetration in FY 2024–25 remained unchanged. What was the level of insurance penetration during this period?

(a) 3.2%
(b) 3.5%
(c) 4.1%
(d) 3.7%
(e) 4.8%

Answer: d

Solution:

India’s overall insurance penetration remained unchanged at 3.7% in FY 2024–25, which is nearly half of the global average of 7.3% in 2024.
According to the Insurance Regulatory and Development Authority of India (IRDAI) Annual Report 2024–25, life insurance penetration declined for the third consecutive year.
Life insurance penetration fell to 2.7% of GDP in FY25, down from 2.8% in FY24.
The downward trend in life insurance penetration is evident from previous years, declining from 3.2% in FY22 to 3.0% in FY23, and further to 2.7% in FY25.
Non-life insurance penetration, which includes health, motor, fire and other insurance segments, remained unchanged at 1% on a year-on-year basis in FY 2024–25.
Overall insurance penetration, combining both life and non-life segments, showed no improvement despite economic growth, indicating scope for deeper insurance inclusion in India.