Podcast
Questions and Answers
What was the fine imposed by the RBI on HSBC for credit card rule violations?
What was the fine imposed by the RBI on HSBC for credit card rule violations?
Which component of India’s reserves decreased by $106 million?
Which component of India’s reserves decreased by $106 million?
What amount did India's gold reserves increase by?
What amount did India's gold reserves increase by?
What was the all-time high for India's reserves, as mentioned?
What was the all-time high for India's reserves, as mentioned?
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How much did India's reserve position with the IMF decrease by?
How much did India's reserve position with the IMF decrease by?
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What was the value of Special Drawing Rights (SDRs) after the decrease?
What was the value of Special Drawing Rights (SDRs) after the decrease?
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Which financial entity imposed the fine on HSBC?
Which financial entity imposed the fine on HSBC?
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What is a violation cited for HSBC by the RBI?
What is a violation cited for HSBC by the RBI?
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What is the interest rate for the Sukanya Samriddhi scheme for the quarter starting July 1, 2024?
What is the interest rate for the Sukanya Samriddhi scheme for the quarter starting July 1, 2024?
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What is the new limit set by Sebi for the basic demat account?
What is the new limit set by Sebi for the basic demat account?
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As of the week of June 21, what was the interest rate for the PPF scheme?
As of the week of June 21, what was the interest rate for the PPF scheme?
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What was the foreign exchange reserves value of India as reported on June 21?
What was the foreign exchange reserves value of India as reported on June 21?
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What is the duration for the maturity of Kisan Vikas Patra investments?
What is the duration for the maturity of Kisan Vikas Patra investments?
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Which scheme earns an interest rate of 7.4% for investors?
Which scheme earns an interest rate of 7.4% for investors?
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What was the coupon rate for Mindspace's Sustainability-Linked Bond issuance?
What was the coupon rate for Mindspace's Sustainability-Linked Bond issuance?
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How much did India's foreign exchange reserves fall by in the previous week before June 21?
How much did India's foreign exchange reserves fall by in the previous week before June 21?
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Which country received the highest amount in remittances in 2023?
Which country received the highest amount in remittances in 2023?
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Which of the following countries has the second-highest number of emigrants?
Which of the following countries has the second-highest number of emigrants?
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What is the primary goal of Denmark's carbon tax on livestock?
What is the primary goal of Denmark's carbon tax on livestock?
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Which organization is aimed to enhance its public outreach in the Hindi language?
Which organization is aimed to enhance its public outreach in the Hindi language?
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What is the planned starting year for Denmark's livestock farmer tax?
What is the planned starting year for Denmark's livestock farmer tax?
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How much will the carbon tax start at per ton of carbon dioxide equivalent in Denmark?
How much will the carbon tax start at per ton of carbon dioxide equivalent in Denmark?
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What percentage reduction in Danish greenhouse gas emissions is Denmark aiming for by 2030?
What percentage reduction in Danish greenhouse gas emissions is Denmark aiming for by 2030?
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Which of the following is NOT one of the official languages of the UN?
Which of the following is NOT one of the official languages of the UN?
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What was the formalization amount of India's economy between FY16 and FY23?
What was the formalization amount of India's economy between FY16 and FY23?
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Who is the fund manager of SBI Silver ETF Fund of Fund?
Who is the fund manager of SBI Silver ETF Fund of Fund?
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What percentage of its assets will SBI Silver ETF primarily invest in units of SBI Silver ETF?
What percentage of its assets will SBI Silver ETF primarily invest in units of SBI Silver ETF?
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What was the share of the informal economy in India's total GVA in FY23?
What was the share of the informal economy in India's total GVA in FY23?
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Which sector contributed the most to the informal GVA in FY23?
Which sector contributed the most to the informal GVA in FY23?
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What was the total amount of informal GVA in FY16?
What was the total amount of informal GVA in FY16?
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What percentage did the share of the informal economy fall to during FY16-FY23?
What percentage did the share of the informal economy fall to during FY16-FY23?
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What is the maximum percentage of investment that could be made in government securities by SBI Silver ETF?
What is the maximum percentage of investment that could be made in government securities by SBI Silver ETF?
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What is the expected range of GDP growth for FY25 according to NCAER?
What is the expected range of GDP growth for FY25 according to NCAER?
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What method is described as a way for publicly traded firms to raise funds?
What method is described as a way for publicly traded firms to raise funds?
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How much remittance growth is expected to occur in India in 2024?
How much remittance growth is expected to occur in India in 2024?
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What was India's contribution to the UN for the promotion of Hindi?
What was India's contribution to the UN for the promotion of Hindi?
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What is the projected real GDP growth for India set by the Reserve Bank of India for FY25?
What is the projected real GDP growth for India set by the Reserve Bank of India for FY25?
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When was the Hindi @ UN project launched?
When was the Hindi @ UN project launched?
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What was the National Infrastructure Pipeline (NIP) targeted investments amount mentioned?
What was the National Infrastructure Pipeline (NIP) targeted investments amount mentioned?
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Which of the following was not mentioned as a method for firms to raise funds?
Which of the following was not mentioned as a method for firms to raise funds?
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Study Notes
Banking & Finance
- RBI imposed a ₹29.6 lakh fine on HSBC for violating credit card rules.
- India’s forex reserves rose by 810millionto810 million to 810millionto653.7 billion as of June 21.
- Foreign currency assets and SDRs decreased, while gold reserves increased by 988millionto988 million to 988millionto56.956 billion.
- Interest rates for major small savings schemes, such as PPF and National Savings Certificate, remain unchanged for July-September 2024.
- Sebi raised the basic demat account limit to ₹10 lakh to enhance small investor participation.
- SBI reported India formalized ₹26 trillion of its economy during FY16-FY23.
Economic Projections
- NCAER forecasts FY25 GDP growth between 7% and 7.5%, indicating resilience in the Indian economy.
- RBI revised its real GDP growth forecast for FY25 to 7.2% from 7%.
PFRDA Initiatives
- PFRDA set to launch a new Life Cycle Fund option by September, aimed at enhancing retirement planning.
International Developments
- India contributed $1.16 million to the UN for promoting Hindi, enhancing global communications outreach.
- The World Bank predicts the growth of remittances to India will halve in 2024, slowing to 3.7%.
- Denmark plans to implement a carbon tax on livestock farmers starting in 2030 to reduce methane emissions.
Corporate Partnerships
- PayU's LazyPay partnered with Blinkit to offer customers a credit line, promoting a seamless checkout experience.
Miscellaneous
- Mindspace Business Parks REIT issued ₹650 crore in Sustainability-Linked Bonds to promote environmental goals.
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Description
Stay updated with the latest developments in banking and finance, including RBI regulations, forex reserve changes, and small savings schemes. This quiz covers key economic projections and initiatives like the new Life Cycle Fund by PFRDA. Test your knowledge on the recent trends affecting India's economy.
