Questions and Answers
Which bank has launched a prepaid card for students going abroad for study?
Which organization has launched the eSankhyiki portal?
Who has collaborated with RBI on project Nexus for fast and efficient cross-border payments?
What is the waiting period required for mobile number portability after a SIM swap or replacement?
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What is the current base year for Gross Domestic Product (GDP) data?
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What is the amount of remittances received by India in 2023?
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Which organization has signed an agreement with German bank KfW for financial support of over Rs 850 crore?
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Who is the chair of the Advisory Committee on National Accounts Statistics (ACNAS) constituted by MoSPI?
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Which bank has partnered with Receivable Exchange of India Limited by RBI?
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What is the purpose of the eSankhyiki portal launched by the Ministry of Statistics and Programme Implementation (MoSPI)?
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What is the name of the digital stockbroking division of JM Financial that has introduced the Gen AI Lab?
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Which company has become the principal sponsor of the Indian team in Olympics 2024?
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What is the name of the mission under which Australia has signed an MoU with NewSpace India Limited, ISRO?
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What is the limit of aggregate contribution by NRIs in Foreign Portfolio Investors (FPIs) that are based out of International Financial Services Centre (IFSC)?
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Which company has issued India's largest Performance Surety Bond, valued at over Rs 100 crores?
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Which company has changed its name to Samman Capital?
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What is the increased limit for a basic service demat account?
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What is the MSME SAHAJ, a web-based digital business loan solution for, launched by SBI?
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How much loan has the World Bank sanctioned for India's Green Hydrogen Initiative?
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What is the capacity of the floating solar power plant installed in Igatpuri Lake?
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What is the revised eligibility criteria for exit of stocks in the derivatives segment of exchanges?
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What is the facility launched by Bandhan Bank for online collection of direct taxes?
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What is the award won by Bank of India?
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What is the rank achieved by India in the IMF Artificial Intelligence Index?
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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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Description
The quiz consists of recent updates in the economy and finance sector, including collaborations and agreements between Indian authorities and international organizations.
