Podcast
Questions and Answers
What directive did the RBI issue to Kotak Mahindra Bank in April 2024?
What directive did the RBI issue to Kotak Mahindra Bank in April 2024?
- Close all ATMs across the country
- Cease issuing fresh credit cards (correct)
- Stop granting home loans
- Halt international transactions
What issue led to the RBI stopping Kotak Mahindra Bank from onboarding new customers online?
What issue led to the RBI stopping Kotak Mahindra Bank from onboarding new customers online?
- Unresolved IT examination concerns from 2022 and 2023 (correct)
- Non-compliance with foreign exchange rules
- Issues with loan disbursements
- Allegations of money laundering
Who is the re-appointed Deputy Governor of the RBI as of April 2024?
Who is the re-appointed Deputy Governor of the RBI as of April 2024?
- N.S.Vishwanathan
- Shaktikanta Das
- Urjit Patel
- Shri T.Rabi Sankar (correct)
When did Shri T.Rabi Sankar's re-appointment as Deputy Governor of the RBI take effect?
When did Shri T.Rabi Sankar's re-appointment as Deputy Governor of the RBI take effect?
How long has Shri T.Rabi Sankar been re-appointed as the Deputy Governor of the RBI starting from May 3, 2024?
How long has Shri T.Rabi Sankar been re-appointed as the Deputy Governor of the RBI starting from May 3, 2024?
What was the theme of Financial Literacy Week 2024?
What was the theme of Financial Literacy Week 2024?
What action was taken against Kotak Mahindra Bank aside from halting online customer onboarding?
What action was taken against Kotak Mahindra Bank aside from halting online customer onboarding?
What reason contributed to the RBI's actions against Kotak Mahindra Bank?
What reason contributed to the RBI's actions against Kotak Mahindra Bank?
How many merchants in Singapore accept PhonePe UPI payments for Indian travelers as of April 2024?
How many merchants in Singapore accept PhonePe UPI payments for Indian travelers as of April 2024?
Which payment system is utilized by Indian travelers in Singapore as of April 2024?
Which payment system is utilized by Indian travelers in Singapore as of April 2024?
Which of the following is an example of a broad-market index in India?
Which of the following is an example of a broad-market index in India?
What do the NIFTY 50 and SENSEX represent in the Indian stock market?
What do the NIFTY 50 and SENSEX represent in the Indian stock market?
Which of the following is an example of a sectoral index under the NIFTY brand?
Which of the following is an example of a sectoral index under the NIFTY brand?
Which of the following sectors is NOT typically tracked by sectoral indices?
Which of the following sectors is NOT typically tracked by sectoral indices?
In addition to Automobiles and IT, which other sector is tracked by NIFTY sectoral indices?
In addition to Automobiles and IT, which other sector is tracked by NIFTY sectoral indices?
What is the primary objective of the Pradhan Mantri Awas Yojana (Grameen)?
What is the primary objective of the Pradhan Mantri Awas Yojana (Grameen)?
What do strategy indices focus on in their composition?
What do strategy indices focus on in their composition?
Who is the primary beneficiary of the Ayushman Bharat scheme?
Who is the primary beneficiary of the Ayushman Bharat scheme?
How many additional houses are targeted for the next 5 years under the Pradhan Mantri Awas Yojana (Grameen)?
How many additional houses are targeted for the next 5 years under the Pradhan Mantri Awas Yojana (Grameen)?
What has been a significant achievement of the Pradhan Mantri Awas Yojana (Grameen) so far?
What has been a significant achievement of the Pradhan Mantri Awas Yojana (Grameen) so far?
How much healthcare coverage is provided per family under the Ayushman Bharat scheme?
How much healthcare coverage is provided per family under the Ayushman Bharat scheme?
What is one of the goals of the Pradhan Mantri Awas Yojana (Grameen)?
What is one of the goals of the Pradhan Mantri Awas Yojana (Grameen)?
Which of the following is not an objective of the Pradhan Mantri Awas Yojana (Grameen)?
Which of the following is not an objective of the Pradhan Mantri Awas Yojana (Grameen)?
Which statement about healthcare under the Ayushman Bharat scheme is incorrect?
Which statement about healthcare under the Ayushman Bharat scheme is incorrect?
What is the primary focus of the first ICSI International ADR Centre inaugurated in Noida?
What is the primary focus of the first ICSI International ADR Centre inaugurated in Noida?
At which event was the resolution on promoting sustainable lifestyles adopted?
At which event was the resolution on promoting sustainable lifestyles adopted?
When was the first International ADR Centre inaugurated in Noida?
When was the first International ADR Centre inaugurated in Noida?
When did the Sixth Session of the United Nations Environment Assembly (UNEA) take place?
When did the Sixth Session of the United Nations Environment Assembly (UNEA) take place?
Where was the UNEA's Sixth Session held?
Where was the UNEA's Sixth Session held?
What is the initial focus of the Green Credit Programme (GCP)?
What is the initial focus of the Green Credit Programme (GCP)?
Which organization is designated as the GCP administrator?
Which organization is designated as the GCP administrator?
What challenge does the Green Credit Programme (GCP) primarily aim to address?
What challenge does the Green Credit Programme (GCP) primarily aim to address?
What is the estimated total financial contribution mentioned?
What is the estimated total financial contribution mentioned?
When did COP28 occur?
When did COP28 occur?
Which group of countries has made financial contributions to the Santiago Network?
Which group of countries has made financial contributions to the Santiago Network?
What key aspect of climate action did the G20 New Delhi Leaders’ Declaration emphasize?
What key aspect of climate action did the G20 New Delhi Leaders’ Declaration emphasize?
Who highlighted the need for continuous climate finance from developed nations at the G20?
Who highlighted the need for continuous climate finance from developed nations at the G20?
Until what date is the Rooftop Solar Programme extended?
Until what date is the Rooftop Solar Programme extended?
Which category of consumers can receive subsidies under the Rooftop Solar Programme?
Which category of consumers can receive subsidies under the Rooftop Solar Programme?
Which ministry oversees the implementation of the Rooftop Solar Programme?
Which ministry oversees the implementation of the Rooftop Solar Programme?
Study Notes
Kotak Mahindra Bank
- In April 2024, the Reserve Bank of India (RBI) directed Kotak Mahindra Bank to stop onboarding new customers and issuing credit cards online.
- This action was taken due to unresolved IT examination concerns from 2022 and 2023.
RBI Deputy Governor
- Shri T.Rabi Sankar was re-appointed as the Deputy Governor of the RBI in April 2024.
- His re-appointment took effect on May 3, 2024.
- He was re-appointed for a term of one year.
Financial Literacy Week
- The theme of Financial Literacy Week 2024 was "Make a Right Start – Become Financially Smart."
PhonePe UPI
- As of April 2024, over 8,000 merchants in Singapore accept PhonePe UPI payments for Indian travellers.
- Indian travellers in Singapore are utilizing the PhonePe UPI payment system.
Indian Stock Market
- NIFTY 50 and SENSEX represent the top companies on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE), respectively.
- NIFTY sectoral indices track various sectors, including Automobiles, IT, and Banking.
- Strategy indices focus on specific investment strategies.
Pradhan Mantri Awas Yojana (Grameen)
- The Pradhan Mantri Awas Yojana (Grameen) is an initiative to provide housing to rural poor households.
- The program has a target of 3 crore houses and aims to build an additional 2 crore houses in the next 5 years.
- The program has achieved close to its target of 3 crore houses.
Ayushman Bharat
- The Ayushman Bharat scheme provides a healthcare coverage of ₹5 lakhs per family.
- The scheme targets economically vulnerable families in India.
ICSI International ADR Centre
- The first ICSI International ADR Centre was inaugurated in Noida on February 29, 2024.
- The center's primary focus is to promote ADR methods.
United Nations Environment Assembly (UNEA)
- The Sixth Session of the UNEA took place from February 26 to March 1, 2024, in Nairobi, Kenya.
- A resolution on promoting sustainable lifestyles was adopted during the session.
Green Credit Programme (GCP)
- The initial focus of the GCP is on voluntary tree plantation on degraded and wasteland.
- The Ministry of Environment, Forest & Climate Change is the designated GCP administrator.
- The initial funding for the GCP is around USD 700 million.
Santiago Network
- Canada, Japan, Spain, Switzerland, and the USA have announced financial contributions to the Santiago Network.
COP28
- COP28 took place from November 30 to December 13, 2023.
G20
- The G20 New Delhi Leaders’ Declaration highlighted the need for trillions of dollars in climate finance by 2030 for effective climate action.
- The Prime Minister of India emphasized the importance of a steady flow of climate finance from developed nations at the G20.
Rooftop Solar Programme
- The Rooftop Solar Programme has been extended until March 31, 2026.
- Residential consumers benefit from subsidies under the program.
- The Ministry of Environment, Forest & Climate Change is responsible for implementing the program.
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Description
This quiz covers significant financial updates from India in April 2024, including Kotak Mahindra Bank's actions, the reappointment of RBI Deputy Governor T.Rabi Sankar, and the adoption of PhonePe UPI in Singapore. Test your knowledge on these pivotal events and their implications for the Indian economy.
