1st August 2025 Current Affairs- Detailed Appointment & Resignation, Banking, Finance, Economy, RBI Circulars, MOUs, National, International, Sports, Obituaries & Quiz

Published on: August 27, 2025

1st August 2025 Current Affairs- Detailed Appointment & Resignation, Banking, Finance Economy, RBI Circulars, MOUs, National, International, Sports, Obituaries News & Quiz: The news includes daily current affairs related to various banking topics. With these topics, you can learn and remember the highlights for your Banking Mains Examination 2025. The topics cover a wide range of national and international news. Along with it, you will get the quiz section from where you can attempt it and analyse your score. The Daily Banking Current Affairs Quiz will help you choose the options.

1st August 2025 Current Affairs- Quiz!

The 1st August 2025 Current Affairs Quiz Section will help you know about your performance in the Daily Banking Current Affairs.

1st August 2025 Current Affairs Quiz

1st August 2025 Current Affairs Quiz

The 1st August 2025 Current Affairs Quiz Section will help you know about your performance in the Daily Banking Current Affairs.

1 / 10

1. Which of the following is true about the appointment of Sanjay Singhal as DG of SSB?

He is currently the Special Director General of the Border Security Force (BSF).

He replaced Mohan Prashar.

The new Director General (DG)of Sashastra Seema Bal (SSB) until 31 December 2027 or further orders; whichever is earlier.

None

All

2 / 10

2. Who has been appointed as the Brand Ambassador of ACKO Technology and Services Private Limited?

Virat Kohli

Rohit Sharma

MS Dhoni

Hardik Pandya

Hrithik Roshan

3 / 10

3. What are the revised RBI Guidelines for the Investment in an Alternative Investment Fund (AIF) by the Regulated Entities (RE)?

RBI revised the guidelines by capping the investment by Regulated Entities @20% of AIF.

The limit of the AIF is that the single authority can only invest up @10% in it and all the authorities can only invest not exceeding @20%.

The AIF is applicable for NABARD, SFB, LAB, RRB, Co-operative Banks, AIFI, NBFCs, and HFC.

The AIF fund will be regulated from 1st January 2026.

All

4 / 10

4. What is the India's GDP Projection by the International Monetary Fund (IMF)?

FY26 - 6.4%

FY27 - 6.4%

Global Growth (CY25 - 3.0%)

Global Growth (CY26 - 3.1%)

All

11 PSUs collected Rs 9000 Cr as penalty in the last three years for low balance in the Savings Bank Accounts.

5 / 10

5. Which of the following is incorrect about the penalities collected by the 11 PSUs for low balance in the savings account over last 5 years?

As per the data presented by the Rajya Sabha, 11 PSUs collected Rs 9000 Cr as penalty in the last three years for low balance in the Savings Bank Accounts.

In March 2020, SBI discontinued the policy of a minimum balanced account.

Indian Bank collected the highest amount as penalty among 11 PSUs, exceeding 1800 Crore in last 5 years.

IOB collected the lowest penalty amount with a total of Rs 62 Crore during the same period.

None

6 / 10

6. An MOU is signed between Mastercard and Andhra Pradesh Tourism Development Corporation (APTDC) to promote the state's rich cultural heritage and natural landscapes among international travellers at the World Economic Forum (WEF) in which was attended by CM C Naidu in 2024.

Davos

Berlin

Zurich

Paris

Geneva

7 / 10

7. Which of the following is incorrect about the Sanchar Saathi portal by the MOC?

It was launched by the Union Minister of Communications, Jyotiraditya M. Scindia, in January 2025.

It consists of 23 languages and Hindi, so there are 24 languages in it.

More than 82 lakh fake mobile connections have been disconnected and more than 35 lakh lost or stolen phones have been identified.

All

None

8 / 10

8. Which of the following is correct?

The deal is signed between the EU & US, which imposes 15% tariffs on goods transported from the EU to the US.

The tariffs are 40% on global and aluminium imports by the USA.

It also includes the $600B in the US Economy for the next 3 years. Along with it, it also has to spend $750B in the American Energy Resources.

Both A & B

Both A & C

9 / 10

9. Which of the following is correct?

The US imposed 25% tariffs on Indian Imports and Penalties.

It also charges penalties if India purchases any defence and energy items from Russia.

The tariff level nearby matches the earlier 20 percent reciprocal tariff India faced

Both A & B

Only C

10 / 10

10. Which of the following is correct about the FISU World University Games 2025?

All of these

India holds a total of 12 medals consisting of 2 Gold medals, 5 Silver medals, and 5 Bronze medals.

India stands at the 20th position in the FISU World University Games 2025 held in Germany.

It is also known as the Rhine-Ruhr 2025.

FISU: 32nd Edition and Motto: A Summer with Distinction

Your score is

The average score is 90%

1st August 2025 Current Affairs- Detailed Notes!

Appointment & Resignation

1. Sanjay Singhal (DG of SSB)

The Centre appoints IPS Officer Sanjay Singhal as the new Director General (DG)of Sashastra Seema Bal (SSB) until 31 December 2028 or further orders; whichever is earlier.
He is currently the Special Director General of the Border Security Force (BSF).
He replaced Amrit Mohan Prasad.
SSB HQ:- New Delhi, Est:- 1963. It works under the Ministry of Home Affairs (MOHA).

2. MS Dhoni (Acko’s Brand Ambassador)

The 1st August 2025 Current Affairs includes the ACKO Technology and Services Private Limited appointing MS Dhoni as its Brand Ambassador and Investor.

Banking & Finance

1. RBI Circular (Investment in Alternative Investment Fund; AIF) Directions 2025

RBI revised the guidelines by capping the investment by Regulated Entities @20% of AIF.
AIF means when a company launches a fund for high-profile companies, banks & NBFCs. They invest in the fund, and in return, it provides a fixed rate of interest to them. The fund is another source to raise money. Moreover, in India, this fund will be regulated from 1st January 2026.
The AIF is applicable for NABARD, SFB, LAB, RRB, Co-operative Banks, AIFI, NBFCs, and HFC.
The objective of this fund is to address the concerns related to the misuse of AIF route loans.
The limit of the AIF is that the single authority can only invest up @10% in it and all the authorities can only invest not exceeding @20%.

2. IMF GDP Forecast FY26 & FY27

On 1st August 2025, Current Affairs, the IMF raises India’s GDP Forecast for FY26 & FY27 by .2% and .1% respectively. Now, it will be 6.4% from 6.2% in FY26, and 6.4% from 6.3% in FY27.
The Report name is World Economic Outlook.
Whereas, the RBI estimates 6.5% for the FY25-26.

3. 11 PSBs collected Rs 9000 Cr as Penalty

11 PSUs collected Rs 9000 Cr as penalty in the last five years for low balance in the Savings Bank Accounts.
In 2020, SBI discontinued the policy of a minimum balanced account.
Canara Bank, BOB, PNB, Indian Bank, Bank of India, CBI, and UBI didn’t charge any fee for not maintaining the minimum balance account.
Indian Bank collected the highest amount as a penalty among 11 PSUs, exceeding 1800 Crore in the last 5 years.
IOB collected the lowest penalty amount with a total of Rs 62 Crore during the same period.

MOUs

1. MOU signed between Mastercard and Andhra Pradesh Tourism Development Corporation (APTDC)

1st August 2025 Current Affairs includes an MOU that was signed between Mastercard and Andhra Pradesh Tourism Development Corporation (APTDC) at the World Economic Forum (WEF) in Davos, Switzerland, by CM Chandrababu Naidu in 2024.

National News

1. Sanchar Saathi Application

GOI launched the Sanchar Saathi App against Cyber Frauds.
It was launched by the Union Minister of Communications, Jyotiraditya M. Scindia, in January 2025.
It consists of 21 languages and Hindi, so there are 22 languages in it.

2. A 20-year-old girl entered the Golden Book of World Records by performing Bharatnatyam for 170 hours.

International News

1. EU & US seal Landmark Trade Deal with 15% Tariffs

The deal is signed between the EU & US, which imposes 15% tariffs on goods transported from the EU to the US.
The agreement was signed between the European Commission President Ursula Von Der Leyen and US President Donald Trump in Scotland.
The tariffs are 50% on global and aluminium imports by the USA. It also includes the $600B in the US Economy for the next 3 years. Along with it, it also has to spend $750B in the American Energy Resources.

2. America annouced 25% Tariffs on Indian Imports and Penalties

The US imposed 25% tariffs on Indian Imports and Penalties.
It also charges penalties if India purchases any defence and energy items from Russia.

1st August 2025 Current Affairs Sports

1. FISU World University Games 2025

India stands at the 20th position in the FISU World University Games 2025 held in Germany.
India holds a total of 12 medals consisting of 2 Gold medals, 5 Silver medals, and 5 Bronze medals.
Parneet Kaur & Kushal Dalal won Gold in Archery compound mixed team. Whereas in the men’s compound, individual Sahil Jadhav won Gold in Archery.
It is also known as the Rhine-Ruhr 2025.
FISU: 32nd Edition
Motto: A Summer with Distinction

1st August 2025 Current Affairs Source: Cloud Affairs, Google

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Ananya Shree

Ananya Shree is a versatile content writer who loves making complex topics easy to understand. She writes about trending keywords for the audience. Ananya’s goal is to help people interestingly learn about each topic. Moreover, in her free time, she enjoys exploring trending topics.

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