Recent Developments in Indian Innovations
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Questions and Answers

What is the primary purpose of the UPI Circle feature launched by NPCI?

  • To manage user accounts
  • To enhance user security
  • To integrate with international payment systems
  • To delegate payment responsibilities (correct)
  • When is the inaugural date of India's first Constitution Museum at O.P. Jindal Global University?

  • July 4, 2024
  • August 15, 2024
  • November 26, 2024 (correct)
  • January 26, 2025
  • What financial instrument has the World Bank priced linked to carbon removal units?

  • A $500 million bond
  • A $400 million bond
  • A $225 million bond (correct)
  • A $300 million bond
  • What was released on India's National Space Day to commemorate the Chandrayaan-3 landing?

    <p>An e-magazine titled Sapno Ki Udaan</p> Signup and view all the answers

    What is the primary focus of Piramal Capital and Housing Finance Limited's partnership with the Central Bank of India?

    <p>Providing loans to middle and low-income borrowers</p> Signup and view all the answers

    How many new districts were announced in the Union Territory of Ladakh?

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

    In which year was the Agricultural Infrastructure Fund (AIF) launched?

    <p>2020</p> Signup and view all the answers

    What is the term for the cooperation agreement signed between India and Russia for emergency management?

    <p>Working plan of Joint Indian-Russian Commission</p> Signup and view all the answers

    What initiative was launched by the Sports Ministry to assist retired athletes in transitioning to new careers?

    <p>RESET program</p> Signup and view all the answers

    Which new financial product was introduced by ESAF Small Finance Bank?

    <p>Inori RuPay Platinum Credit Card</p> Signup and view all the answers

    What does the She-Box portal aim to improve?

    <p>Workplace safety for women</p> Signup and view all the answers

    Which organization launched Project NAMAN to support Defence Pensioners?

    <p>Indian Army</p> Signup and view all the answers

    Which city has recently been recognized as the 'billionaire capital of Asia'?

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

    What status was granted to SECI Solar Energy Cooperation of India Ltd.?

    <p>Navratna status</p> Signup and view all the answers

    What is the primary goal of the e-Dispute Resolution Scheme (e-DRS) 2022 introduced by the CBDT?

    <p>Reduce litigation</p> Signup and view all the answers

    What is the significance of the indigenous vessel Samudra Pratap?

    <p>Defense manufacturing and environmental protection</p> Signup and view all the answers

    Study Notes

    UPI Circle Feature

    • NPCI launched a UPI Circle feature on the UPI platform
    • Allows primary account holders to delegate payment responsibilities to trusted secondary users
    • UPI user acts as a primary link to secondary users
    • Delegation can be either partial or full

    O.P. Jindal Global University

    • O.P. Jindal Global University (JGU) will launch India's first Constitution Museum
    • Marks the 75th anniversary of the adoption of the Constitution of India
    • The museum is named "The Constitution Academy and The Rights & Freedoms Museum"
    • Inauguration on November 26, 2024

    World Bank Bond

    • The World Bank priced a $225 million bond
    • Financial returns to investors are linked to carbon removal units (CRUs) from reforestation projects in Brazil's Amazon rainforest

    India's Space Saga

    • "Touching Lives while Touching the Moon: India's Space Saga" event held on August 23, 2024
    • Forecasts agricultural output using Space, Agro-meteorology, and Land-based observations using FASAL
    • Ministry of Agriculture and Family Welfare involved

    India's National Space Day

    • On India's National Space Day, the Department of School Education & Literacy (Ministry of Education) collaborated with NCERT to release an e-magazine "Sapno Ki Udaan"
    • Commemorates the 1st anniversary of the Chandrayaan-3 landing on the lunar South Pole

    Piramal Capital and Housing Finance

    • Piramal Capital and Housing Finance Limited (Piramal Finance) partnered with the Central Bank of India
    • Focused on providing loans to middle and low-income borrowers, particularly in rural and semi-urban regions

    Tata AIA Life Insurance

    • Tata AIA Life Insurance announced a new term insurance product "Sampoorna Raksha Promise"
    • Includes innovative features and benefits

    New Districts in Ladakh

    • Centre announced the creation of five new districts (Zanskar, Drass, Sham, Nubra, and Changthang) in the Union Territory of Ladakh
    • Currently, Ladakh consists of just two districts (Leh and Kargil)
    • Each district will be governed by its autonomous district council

    Unified Lending Interface

    • ULI (Unified Lending Interface) is mentioned

    Agricultural Infrastructure Fund

    • AIF (Agricultural Infrastructure Fund) launched in 2020

    India-Russia Cooperation

    • India and Russia signed a working plan for Joint Russian-Indian Commission on the Cooperation in the Field of Emergency Management for 2025-2026

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    Description

    Explore the latest innovations in India, including the launch of the UPI Circle feature by NPCI, the establishment of India's first Constitution Museum by O.P. Jindal Global University, the World Bank's bond aimed at carbon removal, and insights into India's space initiatives. Test your knowledge on how these advancements are shaping the country's future.

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