The OICL Assistant Mains exam is approaching, and it will be conducted on October 28 throughout India. Thousands of candidates will participate in this exam. This is the most trending exam at this time in India due to its government organisation.
OICL means the Oriental Insurance Company Limited (OICL) has invited aspirants to attend the exam on the 28th of October at different exam centres and locations. Today, we are going to provide you with the most important finance and banking current affairs questions and answers in MCQ format.
OICL Assistant Mains Current Affairs
The OICL Assistant Mains Current Affairs plays a significant role in the mains exam because it comes with 40 questions, and each question contains 1 mark. There is no negative marking and sectional cutoff in the Insurance exam.
OICL is a government organisation and every year conducts the exam online, and lakhs of aspirants attend the exam online for prelims and mains. In the mains exam, there are 40 questions related to current affairs as well as static GK questions.
OICL Assistant Mains Current Affairs Topics List
Before starting the current affairs of the OICL Assistant Mains exam, first of all, every candidate must observe the official topics of the current affairs, and later on, make a proper schedule and notes for practice. If you really want to score the max to max number in the OICL Assistant Mains Exam 2025, read the topics below deeply.
- Current Affairs (Last 6 months to 1 year)
- Indian History and Culture
- Indian Polity and Governance
- Economic Scene of India
- Banking and Financial Awareness
- Important Government Schemes and Policies
- Science & Technology Updates (Basic knowledge)
- International Organisations and Summits
- Awards and Honours, national and international
- Important Days and Events
- Geography of India and the World
- Environmental Issues and Biodiversity
- Static General Knowledge about India and the World
- Sports Achievements and Major Sports Events
- Budget and Economic Survey Highlights
- Regulatory Bodies (RBI, SEBI, IRDA, etc.)
- National and International Current Events
- Banking Industry and Insurance Sector Updates
OICL Assistant Mains Current Affairs
To help the aspirants, we have added the most important and expected current affairs questions for the OICL Assistant mains exam to the practice daily. These are based on the latest exam pattern and syllabi and cover all the points of current affairs.
Our questions are based on the last 6 months related to the trending topics to help you. Practice more and more to score the number easily.
Question: Who was appointed as Director on the Central Board of the Reserve Bank of India (RBI) in July 2025?
A) Ajay Seth
B) Anuradha Thakur
C) M. Nagaraju
D) Ravi Agrawal
Correct Answer: B) Anuradha Thakur
Question: Anuradha Thakur currently serves as the Secretary of which department as of July 2025?
A) Department of Financial Services
B) Department of Economic Affairs
C) Department of Revenue
D) Department of Expenditure
Correct Answer: B) Department of Economic Affairs
Question: Which institution is responsible for launching India’s first hydrogen-powered train coach as per July 2025 updates?
A) Diesel Locomotive Works, Varanasi
B) Integral Coach Factory, Chennai
C) Chittaranjan Locomotive Works
D) Rail Coach Factory, Kapurthala
Correct Answer: B) Integral Coach Factory, Chennai
Question: The Government of India enabled what percentage of Foreign Direct Investment (FDI) under the Automatic Route in the shipping sector, as highlighted at the Maritime Financing Summit 2025?
A) 49%
B) 74%
C) 85%
D) 100%
Correct Answer: D) 100%
Question: Which new financial framework was launched at the Maritime Financing Summit 2025 to enhance digital financial capabilities at major ports?
A) Port Investment Index
B) Financial Digital Maturity Matrix (FDMM)
C) Port Digital Asset Index
D) Maritime Finance Scorecard
Correct Answer: B) Financial Digital Maturity Matrix (FDMM)
Question: What is the main objective of the Maritime Development Fund (MDF) launched by the Ministry of Ports, Shipping & Waterways?
A) Subsidising passenger fares
B) Providing insurance to sailors
C) Lowering capital costs and attracting long-term investment into shipyards and coastal infrastructure
D) Offering short-term trade loans
Correct Answer: C) Lowering capital costs and attracting long-term investment into shipyards and coastal infrastructure
Question: Which Indian company commissioned the country’s first private test facility for the upgradation of Depleted Heavy Water (DHW) in Gujarat in July 2025?
A) Larsen & Toubro
B) TEMA India Private Limited
C) Bharat Electronics
D) Jindal Steel & Power
Answer: B) TEMA India Private Limited
Question: What is the total allocation earmarked for the Gyan Bharatam Mission (GBM), the central sector scheme for digitisation of ancient manuscripts launched in July 2025?
A) Rs. 60 crore
B) Rs. 482.85 crore
C) Rs. 550 crore
D) Rs. 4,800 crore
Answer: B) Rs. 482.85 crore
Question: The Odisha government recently signed 33 MoUs with companies from the textile and apparel sector. What is the total expected investment from these MoUs?
A) Rs. 4,800 crore
B) Rs. 60 crore
C) Rs. 7,808 crore
D) Rs. 450 crore
Answer: C) Rs. 7,808 crore
Question: By how much has the Odisha government increased the employment cost subsidy per month for male textile workers under the Odisha Technical Textile & Apparel Policy 2022?
A) From Rs. 4,000 to Rs. 5,000
B) From Rs. 3,000 to Rs. 5,000
C) From Rs. 5,000 to Rs. 6,000
D) From Rs. 6,000 to Rs. 8,000
Answer: C) From Rs. 5,000 to Rs. 6,000
Question: What percentage reduction in copper cable usage is enabled by Indian Railways’ new Direct Drive Electronic Interlocking (DDEI) signalling system?
A) 30%-40%
B) 50%-60%
C) 60%-70%
D) 70%-80%
Answer: C) 60%-70%
Question: Indian Railways’ DDEI system reduces the requirement for the number of signalling relays by nearly:
A) 30%
B) 50%
C) 60%
D) 70%
Answer: D) 70%
Question: What is the value of the development projects inaugurated by PM Narendra Modi in Thoothukudi, Tamil Nadu, in July 2025?
A) Rs. 450 crore
B) Rs. 550 crore
C) Rs. 4,800 crore
D) Rs. 7,808 crore
Answer: C) Rs. 4,800 crore
Question: For what major purpose was the National Digital Repository (NDR) to be created under India’s Gyan Bharatam Mission?
A) Storing digitised student records
B) Archiving sports achievements
C) Connecting students and teachers worldwide to India’s manuscript heritage
D) Documenting India’s infrastructure projects
Answer: C) Connecting students and teachers worldwide to India’s manuscript heritage
Question: Each for hosting the Senior Men’s and Senior Women’s National Championships, Hockey India announced a financial grant of:
A) Rs. 25 lakhs
B) Rs. 30 lakhs
C) Rs. 50 lakhs
D) Rs. 70 lakhs
Answer: D) Rs. 70 lakhs
Question: The Indian company TEMA’s new DHW facility received technical support and purchase orders from which major organisation?
A) Indian Railways
B) Nuclear Power Corporation of India Limited (NPCIL)
C) Reserve Bank of India
D) State Bank of India
Answer: B) Nuclear Power Corporation of India Limited (NPCIL)
Question: LIC signed forward rate agreements (FRAs) worth how much to hedge against interest rate risks in July 2025?
A) USD 500 million
B) USD 1 billion
C) USD 2 billion
D) USD 100 million
Answer: B) USD 1 billion
Question: Which two global financial institutions did LIC sign its USD 1 billion FRA deals with in July 2025?
A) Goldman Sachs and Citibank
B) HSBC and Deutsche Bank
C) JPMorgan Chase & Co. and Bank of America Corporation
D) Barclays and Standard Chartered
Answer: C) JPMorgan Chase & Co. and Bank of America Corporation
Question: As of March 2025, what was the value of RBI’s Digital Payments Index (RBI-DPI)?
A) 445.50
B) 465.33
C) 493.22
D) 521.10
Answer: C) 493.22
Question: What was the main purpose of LIC’s FRA deals in 2025?
A) Increase liquidity
B) Hedge against declining interest rates and stabilise long-term returns
C) Fund international expansion
D) Comply with new RBI regulations
Answer: B) Hedge against declining interest rates and stabilise long-term returns
Question: What percentage increase did the RBI-DPI show in March 2025 compared to March 2024?
A) 8.5%
B) 9.6%
C) 10.7%
D) 12.1%
Answer: C) 10.7%
Question: Which Indian co-operative bank partnered with Worldline in 2025 to drive next-gen digital payment solutions?
A) Saraswat Bank
B) Cosmos Co-operative Bank
C) Punjab and Maharashtra Co-operative Bank
D) Abhyudaya Co-operative Bank
Answer: B) Cosmos Co-operative Bank
Question: What strategy do banks use to reduce risk in FRA contracts, as cited in the LIC FRA deal?
A) Invest in gold-backed securities
B) Buy long-term bonds matching the FRA maturity
C) Trade foreign exchange futures
D) Hold non-performing assets
Answer: B) Buy long-term bonds matching the FRA maturity
Question: What is a Forward Rate Agreement (FRA)?
A) A contract to exchange currencies at a later date
B) A financial contract where one party agrees to buy a bond at a fixed interest rate at a future date
C) An insurance policy for manufacturing units
D) A technology licensing agreement
Answer: B) A financial contract where one party agrees to buy a bond at a fixed interest rate at a future date
Question: The RBI-DPI was launched in which year?
A) 2018
B) 2019
C) 2020
D) 2021
Answer: D) 2021
Question: Which components together account for 60% of the RBI-DPI’s calculation?
A) Payment Enablers and Consumer Centricity
B) Payment Performance and Payment Infrastructure-Supply-Side factors
C) Payment Infrastructure-Demand Side and Payment Performance
D) Payment Infrastructure-Demand Side and Payment Enablers
Answer: B) Payment Performance and Payment Infrastructure-Supply-Side factors