Prime Global Cities Index Q2 2024
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Which city ranked first in the Prime Global Cities Index (PGCI) Q2 2024 for annual increase in real estate prices?

  • New Delhi
  • Mumbai
  • Bengaluru
  • Manila (correct)

    • What is the annual increase in real estate prices for Mumbai according to the PGCI Q2 2024?

  • 10.6%
  • 26%
  • 3.7%
  • 13% (correct)

    • Which Indian city holds the 3rd rank in the Prime Global Cities Index (PGCI) based on real estate price increases?

  • Chennai
  • Kolkata
  • New Delhi (correct)
  • Bengaluru

    • What is the percentage increase of real estate prices for Bengaluru as per the PGCI Q2 2024?

    <p>3.7%</p> Signup and view all the answers

    Which international publication is responsible for publishing the Prime Global Cities Index (PGCI)?

    <p>Knight Frank</p> Signup and view all the answers

    What was the annual decline in real estate prices for Wellington as reported in the PGCI Q2 2024?

    <p>5.9%</p> Signup and view all the answers

    Which city ranked last in the Prime Global Cities Index based on real estate price changes?

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

    Which award was instituted in 1989 to recognize excellence in exports?

    <p>Top Export Award</p> Signup and view all the answers

    Which state replaced Uttar Pradesh in attracting bank funds for projects in 2023-24?

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

    What percentage of the total project funding was accounted for by the top 5 states in 2023-24?

    <p>55%</p> Signup and view all the answers

    What innovative product did CredAble launch at the Global Fintech Fest 2024?

    <p>Revolving Short-Term Loans</p> Signup and view all the answers

    Who is the current MD & CEO of IndiaFirst Life Insurance?

    <p>Rushabh Gandhi</p> Signup and view all the answers

    Which city is home to the International Finance Tec City (GIFT City) where IndiaFirst Life started operations?

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

    According to CredAble, what percentage of SMEs prefer speedier credit options?

    <p>66%</p> Signup and view all the answers

    Which organization established India's Reserve Bank and when?

    <p>British Government, 1935</p> Signup and view all the answers

    Which of the following is NOT one of the top 5 states to attract project funding in 2023-24?

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

    What is the main purpose of the UP government's 'Digital Media Policy'?

    <p>To encourage influencers to promote state initiatives</p> Signup and view all the answers

    What is the primary service provided by the 'HPDx-BU01' cash recycling machine?

    <p>24/7 card-less cash deposits</p> Signup and view all the answers

    Which companies are involved in the launch of the 'HPDx-BU01' cash recycling machine?

    <p>Hitachi Payment Services and NPCI</p> Signup and view all the answers

    What is one of the payment limits for influencers on Facebook as stated in the policy?

    <p>₹5 lakh</p> Signup and view all the answers

    What will the integration of Amazon Pay Later into PayU’s infrastructure allow online merchants to do?

    <p>Offer instant digital credit access</p> Signup and view all the answers

    What type of machine is the 'HPDx-BU01' classified as?

    <p>A digital banking unit</p> Signup and view all the answers

    How much did PayU report its India revenue to be in FY24?

    <p>$444 million</p> Signup and view all the answers

    Who is the MD & CEO (Digital) of Hitachi Payment Services?

    <p>Anuj Khosla</p> Signup and view all the answers

    What was the reported growth of India's real GDP in Q1 of FY25?

    <p>6.7%</p> Signup and view all the answers

    Which sector experienced the highest growth in GVA during Q1 FY25?

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

    What is the main purpose of the e-Dispute Resolution Scheme, 2022 (e-DRS) launched by the CBDT?

    <p>To reduce litigation and provide relief to eligible taxpayers</p> Signup and view all the answers

    How many jurisdictional Pr.CCIT regions have Dispute Resolution Committees (DRC) been constituted in as part of the e-DRS?

    <p>18</p> Signup and view all the answers

    Which of the following best describes the role of the Central Board of Direct Taxes (CBDT) in relation to the e-DRS?

    <p>Launching the e-Dispute Resolution Scheme, 2022</p> Signup and view all the answers

    What was the GVA growth percentage that outperformed GDP growth for the first time in Q1 FY25?

    <p>6.8%</p> Signup and view all the answers

    Who is the current Chairman of the Central Board of Direct Taxes (CBDT)?

    <p>Nitin Gupta</p> Signup and view all the answers

    Which clause of the Income-tax Act provides for the constitution of Dispute Resolution Committees (DRC)?

    <p>Section 245MA</p> Signup and view all the answers

    What was the core sector growth percentage in India for July 2024?

    <p>6.1%</p> Signup and view all the answers

    Which sector recorded a growth in output compared to July 2023?

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

    How many core sectors recorded a decline in growth output?

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

    Which person is the Minister of Commerce & Industry in India?

    <p>Piyush Goyal</p> Signup and view all the answers

    What is the estimated core sector growth for August 2024 according to India Ratings?

    <p>3%</p> Signup and view all the answers

    What achievement does Jiya Rai hold in relation to the English Channel?

    <p>Youngest and fastest para swimmer to cross</p> Signup and view all the answers

    In what time did Jiya Rai swim across the English Channel?

    <p>17 hours and 25 minutes</p> Signup and view all the answers

    What condition is Autism Spectrum Disorder classified as?

    <p>A neurological and developmental condition</p> Signup and view all the answers

    Study Notes

    Prime Global Cities Index (PGCI) Q2 2024

    • The "Prime Global Cities Index (PGCI) Q2 2024" was published by Knight Frank.
    • The index tracks prime residential prices in 44 cities worldwide.
    • Mumbai and New Delhi were ranked 2nd and 3rd respectively.
    • Mumbai recorded a 13% annual increase in real estate prices, while New Delhi recorded a 10.6% increase.
    • Bengaluru was ranked 15th with a 3.7% increase.
    • Manila topped the index with a 26% increase.
    • Los Angeles and Miami ranked 4th and 5th with 8.9% and 7.1% increases respectively.
    • Wellington ranked last with a 5.9% fall in price.

    Miscellaneous News & Current Static GK

    • National Nutritional Week was observed from September 1st to 7th.
    • Senchal Wildlife Sanctuary is located in West Bengal.
    • Nari Hira, a renowned film producer and owner of Magna Publishing Company passed away.
    • Hira received the "Lifetime Achievement Award" from the Indian Magazine Congress.
    • Keoladeo National Park is located in Rajasthan.
    • Dhamra Port is located in Odisha.

    Full-Length Current Affairs MockDrill Series

    • Smartkeeda released "Daily CA PDF 2" for September 2024.

    India’s Economic Performance

    • India's real GDP rose to 6.7% in Q1 of FY25.
    • Growth in real GVA in the economy rose to 6.8% in Q1 FY25.
    • The secondary sector recorded an 8.4% growth in Q1 FY25.
    • The construction sector recorded a 10.5% growth in Q1 FY25.
    • The electricity, gas, water supply, and other utility services sector recorded a 10.4% growth in Q1 FY25.
    • The manufacturing sector recorded a 7% growth in Q1 FY25.

    e-Dispute Resolution Scheme, 2022 (e-DRS)

    • The Central Board of Direct Taxes (CBDT) launched the "e-Dispute Resolution Scheme, 2022 (e-DRS)".
    • The scheme aims to reduce litigation and provide relief to eligible taxpayers.
    • Section 245MA of the Income Tax Act provides for the constitution of Dispute Resolution Committees (DRCs).
    • The e-DRS enables taxpayers to file an application electronically for dispute resolution with the designated DRC.
    • DRCs have been constituted in all 18 jurisdictional Pr.CCIT regions across India.

    UP’s Digital Media Policy

    • Uttar Pradesh (UP) launched a "Digital Media Policy".
    • The policy aims to encourage influencers to promote state government initiatives, schemes, and achievements with prize payments.
    • The policy categorizes influencers into four categories with varying monthly payment limits.

    HPDx-BU01 – India’s First Android-Based Cash Recycling Machine

    • Hitachi Payment Services and the National Payments Corporation of India (NPCI) launched "HPDx-BU01", India's first Android-based cash recycling machine.
    • The machine offers a range of banking and non-banking services including QR-based UPI cash withdrawal and deposit, account opening, credit card issuance, personal loans, insurance, MSME loans, FASTag application and recharge.
    • It provides 24/7 card-less cash deposit services.

    PayU Partners with Amazon Pay Later

    • Naspers-backed fintech firm PayU partnered with Amazon Pay Later to provide instant digital credit access to Indian shoppers.
    • Amazon Pay Later will be integrated into PayU’s checkout infrastructure, allowing online merchants to offer an instant credit line to their customers.
    • Gujarat replaced UP in attracting bank funds for projects in 2023-24.
    • Gujarat accounted for 14.7% of the Rs 3.9 lakh crore financed by banks and financial institutions for 154 projects.
    • The top five states attracting project funding are Gujarat, Maharashtra, Karnataka, Andhra Pradesh, and Uttar Pradesh.

    IndiaFirst Life Commences Operations in GIFT City

    • IndiaFirst Life became the first Indian life insurer to commence operations in GIFT City, Gujarat.
    • The company inaugurated its IFSC Insurance Office to offer foreign currency-denominated life insurance solutions.
    • IndiaFirst Life aims to expand its reach to international customers with a specially designed ULIP product for global Indians.

    CredAble Launches Revolving Short-Term Loans

    • CredAble, a leading FinTech company, launched "Revolving Short-Term Loans" at the Global Fintech Fest (GFF 2024) in Mumbai.
    • The product aims to change how credit is supplied to small businesses.

    India’s Core Sector Growth

    • The growth in India’s core sector industries slowed to 6.1% in July 2024.
    • The core sector comprises coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.
    • Six of the eight sectors recorded a decline in growth output compared to July 2023.
    • India Ratings estimates that core sector growth will be around 3% in August 2024.

    Jiya Rai – Youngest & Fastest Para Swimmer to Cross English Channel

    • Jiya Rai, a 16-year-old from Mumbai with Autism Spectrum Disorder, became the world's youngest and fastest para swimmer to cross the English Channel.
    • She swam the English Channel in 17 hours and 25 minutes, covering a distance of 34 kilometers.
    • She is the daughter of Madan Rai, the MC-at-Arms serving in Mumbai.
    • Jiya is on a mission to become the world's first and youngest para swimmer to swim across seven oceans.
    • She holds the record for the world's youngest and fastest female to swim across the Palk Strait, covering a distance of 29 kilometers in 13 hours and 10 minutes.

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    September 2024 Current Affairs PDF

    Description

    Discover the latest data on the Prime Global Cities Index (PGCI) for Q2 2024, tracking prime residential prices across 44 global cities. This quiz highlights the rankings of cities such as Mumbai and New Delhi, along with significant price fluctuations, offering insights into current real estate trends.

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