Economy and Finance Updates
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Questions and Answers

Which bank has launched a prepaid card for students going abroad for study?

  • ICICI Bank (correct)
  • KfW Bank
  • Air India Bank
  • RBI Bank

    • Which organization has launched the eSankhyiki portal?

  • Telecom Regulatory Authority of India (TRAI)
  • MMRDA
  • Ministry of Statistics and Programme Implementation (MoSPI) (correct)
  • Indian Army

    • Who has collaborated with RBI on project Nexus for fast and efficient cross-border payments?

  • Bank of International Settlement (BIS) (correct)
  • Central Bank of India
  • KfW Bank
  • ICICI Bank

    • What is the waiting period required for mobile number portability after a SIM swap or replacement?

    <p>7 days</p> Signup and view all the answers

    What is the current base year for Gross Domestic Product (GDP) data?

    <p>2011-12</p> Signup and view all the answers

    What is the amount of remittances received by India in 2023?

    <p>USD 120 billion</p> Signup and view all the answers

    Which organization has signed an agreement with German bank KfW for financial support of over Rs 850 crore?

    <p>MMRDA</p> Signup and view all the answers

    Who is the chair of the Advisory Committee on National Accounts Statistics (ACNAS) constituted by MoSPI?

    <p>Biswanath Goldar</p> Signup and view all the answers

    Which bank has partnered with Receivable Exchange of India Limited by RBI?

    <p>DBS Bank</p> Signup and view all the answers

    What is the purpose of the eSankhyiki portal launched by the Ministry of Statistics and Programme Implementation (MoSPI)?

    <p>To digitalize statistics and data</p> Signup and view all the answers

    What is the name of the digital stockbroking division of JM Financial that has introduced the Gen AI Lab?

    <p>BlinkX</p> Signup and view all the answers

    Which company has become the principal sponsor of the Indian team in Olympics 2024?

    <p>BPCL</p> Signup and view all the answers

    What is the name of the mission under which Australia has signed an MoU with NewSpace India Limited, ISRO?

    <p>Space MAITRI Mission</p> Signup and view all the answers

    What is the limit of aggregate contribution by NRIs in Foreign Portfolio Investors (FPIs) that are based out of International Financial Services Centre (IFSC)?

    <p>100%</p> Signup and view all the answers

    Which company has issued India's largest Performance Surety Bond, valued at over Rs 100 crores?

    <p>Tata AIG General Insurance</p> Signup and view all the answers

    Which company has changed its name to Samman Capital?

    <p>Indiabulls Housing Finance</p> Signup and view all the answers

    What is the increased limit for a basic service demat account?

    <p>10 lakhs</p> Signup and view all the answers

    What is the MSME SAHAJ, a web-based digital business loan solution for, launched by SBI?

    <p>Customers can avail finance against their GST invoice up to 1 lakh within 15 minutes.</p> Signup and view all the answers

    How much loan has the World Bank sanctioned for India's Green Hydrogen Initiative?

    <p>1.5 Billion Dollar</p> Signup and view all the answers

    What is the capacity of the floating solar power plant installed in Igatpuri Lake?

    <p>10MWp</p> Signup and view all the answers

    What is the revised eligibility criteria for exit of stocks in the derivatives segment of exchanges?

    <p>Minimum 6 months</p> Signup and view all the answers

    What is the facility launched by Bandhan Bank for online collection of direct taxes?

    <p>Seamless Tax Payment</p> Signup and view all the answers

    What is the award won by Bank of India?

    <p>Atal Pension Yojana Champion Award</p> Signup and view all the answers

    What is the rank achieved by India in the IMF Artificial Intelligence Index?

    <p>72</p> Signup and view all the answers

    Study Notes

    Business and Finance

    • The MMRDA has signed an agreement with German bank KfW to provide financial support of over Rs 850 crore for urban infrastructure projects.
    • ICICI Bank has launched the Student Sapphiro Forex card, a prepaid card for students going abroad.
    • DBS Bank has become the first bank to partner with the Receivable Exchange of India Limited, recognized by the RBI.
    • DBS Bank has also received the Best Employer award 2023 by KIncentric.
    • Tata AIG General Insurance has issued India's largest Performance Surety Bond, valued at over Rs 100 crores in Mumbai, Maharashtra, India.
    • SEBI has allowed up to 100% aggregate contribution by NRIs in Foreign Portfolio Investors (FPIs) that are based out of the International Financial Services Centre (IFSC).
    • Bank of India has won the Atal Pension Yojana Champion Award.
    • SBI has launched MSME SAHAJ, a web-based digital business loan solution for MSMEs, allowing customers to avail finance against their GST invoice up to 1 lakh within 15 minutes.

    Technology and Science

    • The RBI, BIS, and Central Banks of four ASEAN countries (Malaysia, Philippines, Singapore, and Thailand) are collaborating on Project Nexus, enabling fast and efficient cross-border payments.
    • ISRO's commercial arm, NewSpace India Limited, has announced its latest rocket, the Small Satellite Launch Vehicle (SSLV), which will make its first dedicated commercial launch.
    • Japan has launched the earth observatory satellite DAICHI 4 with its H3 rocket.
    • UPI is now available in UAE.
    • BlinkX, the digital stockbroking division of JM Financial, has introduced the BlinkX Gen AI Lab, a first for the Indian stock broking market.

    Government and Politics

    • Ravi Agarwal has been appointed as the Chairman of the CBDT.
    • Hungary has become the President of the European Council for six months.
    • The Ministry of Statistics and Programme Implementation (MoSPI) has launched the eSankhyiki portal.
    • MoSPI has constituted a 26-member Advisory Committee on National Accounts Statistics (ACNAS) to revise the base year for Gross Domestic Product (GDP) data.
    • The Indian Army has introduced the first-ever witness protection scheme.

    International Relations

    • The World Bank has sanctioned a $1.5 billion loan for India's Green Hydrogen Initiative.
    • Australia has signed an MoU with NewSpace India Limited, ISRO, under the space MAITRI mission.

    Miscellaneous

    • India has become the first country to prepare a comprehensive checklist of its entire fauna, covering 1,04,561 species.
    • The Indian Navy has bid farewell to the UH-3H helicopter after 17 years of service, replacing it with the Sea King 42C helicopter.
    • Bandhan Bank has launched a facility for online collection of direct taxes, enabling its customers and others to pay taxes seamlessly across India.
    • Dr. Jitendra Singh has launched two advanced Geoportals – ‘Bhuvan Panchayat for rural land records and ‘National Database for Emergency Management for disaster management.

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    The quiz consists of recent updates in the economy and finance sector, including collaborations and agreements between Indian authorities and international organizations.

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