Daily Current Affairs MCQs: 2nd October 2025 with solutions - Bank Exams

The US government entered a shutdown due to the inability of Republicans and Democrats to reach an agreement on federal funding, resulting in a failure to pass the annual appropriations bills. This deadlock led to significant furloughs and disruptions in public services, highlighting the critical nature of bipartisan cooperation in governance.

Essential services such as Medicare and Social Security continued to function despite the shutdown. This is important because it ensures that critical health services and financial support for seniors and disabled individuals remain uninterrupted, reflecting the government's commitment to safeguarding vulnerable populations even during funding crises.

The Indian government's new policy permits private entities to collaborate with the Archaeological Survey of India (ASI) in monument conservation. This shift aims to enhance conservation efforts by leveraging private financing and expertise, thus potentially improving the efficiency and effectiveness of preserving India's rich cultural heritage.

The RBI decided to maintain the repo rate at 5.5%, signaling a cautious approach aimed at balancing inflation control with growth support. This decision reflects the RBI's commitment to ensuring economic stability while fostering conditions conducive to sustained economic growth.

The RBI has permitted banks to finance corporate acquisitions, which enhances the competitiveness of the corporate sector. This reform is significant as it opens new avenues for businesses to pursue mergers and acquisitions, contributing to overall economic dynamism and growth.

WOMEN is a mnemonic representing systemic barriers: Wage discrimination, Omission from decision-making, Machinery mismatch, Entrenched domestic double burden, and Negation of land rights. Understanding these barriers is crucial for developing strategies that empower women in agriculture and promote gender equality in rural economies.

The Free Trade Agreement (FTA) between India and the EFTA, which includes Switzerland, Norway, Iceland, and Liechtenstein, aims to enhance trade relations and investment opportunities. This agreement reflects India's strategic efforts to integrate more deeply into global value chains and diversify its international trade partnerships.

Under the NSA, a person can be detained for a maximum of 3 months without the approval of an Advisory Board, which must consist of judges qualified to sit in High Courts. This provision is designed to ensure that preventive detention is not misused and that individuals have a chance to contest their detention.

The PRATIBHA Setu Initiative is designed to connect candidates who have qualified for UPSC interviews but were not selected with alternative employment opportunities. This initiative aims to leverage the skills and qualifications of these candidates, providing them with career pathways and supporting their integration into the job market.

The ICAO's primary goal is to set global standards for safe and secure air navigation and to promote the orderly growth of international air transport. This is crucial for ensuring safety in aviation and facilitating effective cooperation among member states, thereby enhancing global air travel and commerce.