Podcast Beta
Questions and Answers
What is the composition of the Monetary Policy Committee (MPC) according to Section 45ZB of the RBI Act?
RBI Governor, Deputy Governor in charge of monetary policy, an officer of Bank nominated by the Central Board, and three persons appointed by the GOI
How often does the RBI Governor-led MPC meet in a year?
Six times a year
Which of the following is not a Monetary Policy Rate set by the RBI?
RBI will permit the use of third-party UPI apps for making UPI payments from PPI wallets.
Signup and view all the answers
'South Asia Regional Update: Jobs for Resilience report' highlights that the South Asia region, including India, was not making use of its demographic dividend. Who has published this report?
Signup and view all the answers
Which organization published the 'Global Trade Outlook & Statistics Report'?
Signup and view all the answers
Which of the following is incorrect regarding Asian Development Bank?
Signup and view all the answers
A unicorn startup is a privately held company that has been in business for less than 10 years, is not publicly listed, and has a valuation of ______ or more
Signup and view all the answers
According to the global survey published in PLoS ONE, what is India's ranking worldwide in cybercrime?
Signup and view all the answers
Choose the correct statements about Plastic Overshoot Day Report.
Signup and view all the answers
With respect to Global Forest Watch, identify the correct statement?
Signup and view all the answers
With respect to Global Forest Watch, which Indian state has lost the maximum forest cover?
Signup and view all the answers
India is regarded as a country with 'Demographic Dividend'. This is due to
Signup and view all the answers
What is the projected growth rate for India in 2024 according to the UNCTAD report?
Signup and view all the answers
Which organization will host the Summit of the Future 2024?
Signup and view all the answers
Identify the name of the semiannual report by International Monetary Fund (IMF) that assesses the stability of financial markets worldwide and emerging-market financing.
Signup and view all the answers
What is India's rank in terms of military expenditure according to the Trends in World Military Expenditure, 2023 Report by Stockholm International Peace Research Institute (SIPRI)?
Signup and view all the answers
India and Mauritius recently amended their Double Taxation Avoidance Agreement (DTAA). In this context, consider the following statements about DTAA:
- The amendment introduced a Principal Purpose Test (PPT) to prevent tax avoidance.
- The primary purpose of a DTAA is to allocate taxing rights between two countries to prevent taxpayers from paying taxes on the same income or gains in both countries.
- The amended protocol has been ratified by the Income Tax Department.
- It aims to promote capital investment, trade, and economic activities between the signatory nations. How many of the above statements is/are correct?
Signup and view all the answers
In which of the following sectors FDI is prohibited?
- Betting businesses
- Lotteries
- Investment in Chit Funds
- Nidhi Company Choose the correct answer:
Signup and view all the answers
Which bank has been designated for importers to utilize the Rupee/Kyat direct payment system in Special Rupee Vostro Account (SRVA) for importing pulses from Myanmar?
Signup and view all the answers
Where was the fourth meeting of the Intergovernmental Negotiating Committee (INC-4) on the UN Plastics Treaty held?
Signup and view all the answers
Which of the following is correct regarding Global Co-financing Platform?
Signup and view all the answers
Who will establish the Digital India Trust Agency (DIGITA) to combat the proliferation of illegal lending apps?
Signup and view all the answers
Which of the following is correct regarding SEBI Complaint Redressal System (SCORES 2.0)?
Signup and view all the answers
What does the 'hockey stick effect' commonly refer to in the context of climate change?
Signup and view all the answers
What requirement does the International Energy Agency (IEA) impose on its member countries regarding strategic reserves?
Signup and view all the answers
What is the name of India's first home-grown gene therapy for cancer inaugurated at IIT Bombay?
Signup and view all the answers
What does Per Capita GDP measure?
Signup and view all the answers
What is the Suvidha portal aimed at achieving?
Signup and view all the answers
What is the theme of the 26th World Energy Congress?
Signup and view all the answers
Which organization has designed the B-READY Index, a new metric set to launch in September 2025 to assess business environments?
Signup and view all the answers
Where was the ‘ASEAN Future Forum’ held?
Signup and view all the answers
Who is hosting the 6th International Conference on Disaster Resilient Infrastructure?
Signup and view all the answers
Where was the G20 Employment Working Group (EWG) meeting held?
Signup and view all the answers
Which of the following topics did the 'Meghayan 2024' seminar primarily focus on?
Signup and view all the answers
World Health Organization (WHO) has launched a global network of laboratories to identify and monitor potentially novel coronaviruses that could emerge shortly. What is the name of the initiative?
Signup and view all the answers
Which organization has been awarded the SKOCH ESG Award 2024 in the 'Renewable Energy Financing' category?
Signup and view all the answers
Which of the following is incorrect regarding Eight core industries?
Signup and view all the answers
Securities Appellate Tribunal, a statutory body under Section 15(k) of Securities and Exchange Board of India Act, 1992 hears and disposes of appeals against orders passed by
Signup and view all the answers
India has secured rights to operate at Sittwe Port, an overseas port located in which country?
Signup and view all the answers
What does Debt Service Ratio (DSR) measure?
Signup and view all the answers
What is the name of the project initiated by the Indian Army’s Corps of Army Air Defense to automate air defense control and reporting processes, developed by Bharat Electronics Limited (BEL) as part of the ‘Atmanirbhar Bharat’ initiative?
Signup and view all the answers
Choose the correct statements regarding QS Rankings by subject 2024.
Signup and view all the answers
With reference of the ‘Financial Services Institutions Bureau (FSIB)’, which of the following statements are correct?
Signup and view all the answers
If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do?
Signup and view all the answers
Which of the following is incorrect regarding Consumer Confidence Survey (CCS) released in March 2024?
Signup and view all the answers
Which of the following Reports are published by United Nations Conference on Trade and Development (UNCTAD)?
Signup and view all the answers
Which organization released the 'Clean Energy Transitions Programme Annual Report 2023'?
Signup and view all the answers
What is the name of the program launched by the International Atomic Energy Agency (IAEA) aimed at supporting efforts towards achieving net-zero carbon emissions?
Signup and view all the answers
Study Notes
All Regulatory Exams
- RBI Grade B, NABARD Grade A, and SEBI Grade A are regulatory exams mentioned in the text.
News in Focus
- RBI's first bi-monthly review for FY 2024-25:
- Monetary Policy Committee (MPC) is responsible for fixing the benchmark interest rate in India.
- MPC's composition consists of 6 members: RBI Governor, Deputy Governor, 3 members appointed by the Central Board, and 3 appointed by the GOI.
- MPC meets 6 times a year to discuss and review various aspects of the economy, including policy rates.
- SEBI gets ISO/TEC 27001:2022 Certification for Information Security Management Systems.
- SEBI received this certification following an audit by the certification body under the accreditation of NABCB.
- Consumer Confidence Survey (CCS) conducted by RBI:
- The survey unveiled a remarkable surge in consumer confidence, reaching its peak since mid-2019.
- The survey consists of questions regarding consumers' sentiments over various factors in the current situation and future.
Report & Indices
- Global Trade Update Report:
- By United Nations Conference on Trade and Development (UNCTAD).
- Recommends reducing dependency on commodities by diversifying economies and decreasing exposure to debt and financial volatility.
- Other reports and indices mentioned:
- Clean Energy Transitions Programme Annual Report 2023.
- Nuclear Energy Summit.
- 'South Asia Regional Update: Jobs for Resilience report'.
- Global Trade Outlook & Statistics Report.
- Asian Development Outlook 2024.
- Hurun Global Unicorn Index 2024.
- Global Hepatitis Report 2024.
- World Cybercrime Index.
- Plastic Overshoot Day Report.
- Global Forest Watch: Report.
- State of World Population - 2024 report.
- 2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads.
- Summit of the Future 2024.
- Global Financial Stability Report.
- Trends in World Military Expenditure, 2023 Report.
- Report - "Ensuring safety and health at work in a changing climate".
- World Energy Congress 2024.
- B-READY Index.
- ASEAN Future Forum.
- 6th International Conference on Disaster Resilient Infrastructure.
Current Snapshots
- G20 Employment Working Group (EWG) meeting.
- 'Meghayan 2024'.
- CoViNet.
- Eight Core Industries.
- 'HP Future Impact Leaders - IICA Certified Environmental – Social - Governance (ESG) Professional Programme'.
- Skoch ESG Award 2024.
- Digital India Trust Agency (DIGITA).
- Credit cards breach 100 million mark in India: RBI.
- SCORES 2.0.
- Hockey-Stick Effect.
- India to Build First Commercial Crude Oil Strategic Storage.
- India's First Home-Grown Gene Therapy for Cancer.
- India Should Target Per Capita and Not Aggregate GDP.
- Suvidha Portal.
- Asset Monetization Program of MoRTH.
- Eurasian Economic Union.
- Securities Appellate Tribunal.
- India has secured rights to operate at Sittwe Port.
- Record High Household Debt.
- Project Akashteer.
- QS World University Rankings.
- Financial Services Institutions Bureau.
- India – Mauritius Double Taxation Avoidance Agreement.
- Changes Rules in FDI.
- Special Rupee Vostro Account (SRVA).
- Intergovernmental Negotiating Committee (INC-4).
- Global Co-financing Platform.
- 'Housing scarcity in India.Here are the study notes:
Trade and Economy
- India's export growth experienced a 6% contraction on an annual basis.
- Services exports remained flat in the last quarter of 2023 but grew 14% on an annual basis.
- India's trade reliance on China and EU grew by 1.2%, while its reliance on Saudi Arabia slid by 0.6%.
International Reports and Organizations
- The United Nations Conference on Trade and Development (UNCTAD) publishes reports such as the Trade and Development Report.
- The International Energy Agency (IEA) is an autonomous intergovernmental organization within the OECD framework, founded in 1974 to ensure the security of oil supplies.
- The International Atomic Energy Agency (IAEA) launched the 'Atoms4NetZero' programme to support efforts by Member States to harness the power of nuclear energy in the transition to net zero.
Energy and Environment
- The International Energy Agency (IEA) released the Clean Energy Transitions Programme Annual Report 2023.
- The global nuclear energy installed capacity is set to triple by 2050 from 2020 levels.
- India has 23 operational nuclear reactors, with an installed capacity of 7,480 MW, and at least ten more reactors are under construction.
Global Economy and Trade
- The World Trade Organization (WTO) published the Global Trade Outlook & Statistics Report.
- The report projected a 2.6% growth in global trade volume in 2024 and 3.3% in 2025, following a 1.2% decline in 2023.
- The US dollar value of global merchandise trade fell 5% in 2023 to $24.01 trillion.
Development and Investments
- The Asian Development Bank (ADB) published the Asian Development Outlook 2024.
- The ADB is a regional development bank established in 1966 with the primary mission of fostering economic growth and cooperation among countries in the Asia-Pacific Region.
- India is a founding member of ADB and its fourth-largest shareholder.
Startups and Unicorns
- The Hurun Global Unicorn Index 2024 reported that India had 67 unicorns in 2023, with Bengaluru ranked 7th and Mumbai ranked 19th globally.
- A unicorn is a privately-owned startup business worth more than $1 billion.
Health and Disease
- The World Health Organization (WHO) published the Global Hepatitis Report 2024.
- Hepatitis B and C viruses are the most common causes of chronic disease and liver cancer, with India accounting for 11.6% of the global burden of viral hepatitis.
- The report found that only 2.4% of those infected in India had received diagnosis coverage.
Cybercrime and Technology
- The World Cybercrime Index 2024 ranked India 10th worldwide in cybercrime, with scamming being the most common type of cybercrime in India.
Environment and Pollution
- The Plastic Overshoot Day Report by EA Earth Action found that India will reach its Plastic Overshoot Day on April 23rd, 2024.
- The report projected that 220 million tonnes of plastic waste will be created in 2024, with nearly 70 million tons of plastic ending up in nature.
Forests and Deforestation
- The Global Forest Watch report found that India lost 2.33 million hectares of tree cover since 2000, equivalent to a 6% decrease in tree cover during this period.
- Assam had the maximum tree cover loss, followed by Mizoram, Arunachal Pradesh, Nagaland, and Manipur.
Population and Demographics
- The State of World Population report 2024 by the United Nations Population Fund (UNFPA) found that India's population reached 144 crore and is projected to double in 77 years, surpassing China.
- The report highlighted the need to address inequalities in sexual and reproductive health and rights, particularly among vulnerable groups.### Summit of the Future 2024
- Hosted by the United Nations General Assembly
- Key theme: reform of Multilateral Development Banks (MDBs)
Multilateral Development Banks (MDBs)
- International financial institutions providing financial and technical assistance to developing countries
- Owned by multiple member countries, operating to promote economic development, reduce poverty, and support sustainable growth in member countries
- Major MDBs include the World Bank Group, Asian Development Bank, etc.
Need for Reforming MDBs
- Adaptation to 21st-century development needs
- Representation and voice
- Private Sector Mobilization
Challenges in Reforms
- Difficulty in achieving consensus among diverse member countries
- Limited financial and technical resources for implementing reforms
- Slow approval processes
Independent Expert Group (IEG) on MDB Reform
- Set up during India's G20 presidency
- Recommendations:
- Tripling the annual lending levels of MDBs to $390 billion by 2030
- Adopting a triple mandate for MDBs to eliminate extreme poverty, boost shared prosperity, and contribute to global public goods
- Expanding and modernizing funding models
- Enhancing engagement with the private sector at the center of MDB operations
Global Financial Stability Report
- Released twice a year, in April and October
- Highlights:
- Inflation risks
- Geopolitical risks
- Unregulated credit market risks
- Cybersecurity threats
Impact on India
- Effect on foreign capital inflows and currency pressure
- Growth of small private credit markets, particularly Alternative Investment Funds (AIFs)
Trends in World Military Expenditure, 2023 Report
- By Stockholm International Peace Research Institute (SIPRI)
- India: 4th largest military spender in the world, with an expenditure of $83.6 billion
Report: "Ensuring Safety and Health at Work in a Changing Climate"
- By International Labour Organisation (ILO)
- Key highlights:
- 70% of workers globally exposed to excessive heat
- Estimated 22.85 million occupational injuries, 18,970 deaths, and 2.09 million disability-adjusted life years (DALYs) attributable to excessive heat alone
- About International Labour Organisation (ILO)
- Created in 1919 as part of the Treaty of Versailles
- Headquartered in Geneva, Switzerland
- 4 objectives: promoting standards and fundamental principles, creating opportunities for women and men, enhancing social protection, and strengthening tripartism and social dialogue
World Energy Congress 2024
- India actively participating in the 26th World Energy Congress held in Rotterdam, Netherlands
- Theme: "Redesigning Energy for People and Planet"
B-READY Index
- A new metric designed by the World Bank to assess business environments
- To be launched in September 2025
- Aims to replace the Ease of Doing Business Index
- Will cover 180 economies and focus on broader qualitative assessments, including regulatory quality and environmental considerations
ASEAN Future Forum
- Proposed at the 43rd ASEAN Summit in 2023, Jakarta, Indonesia
- Objective: to serve as a platform for member states to exchange ideas and policy suggestions
- Goal: to influence ASEAN's developmental trajectory positively and formulate its Strategic Plans with a focus on ASEAN Community Vision 2045
6th International Conference on Disaster Resilient Infrastructure
- Venue: New Delhi
- Organizer: Coalition for Disaster Resilient Infrastructure (CDRI)
- Theme: "Investing today for a more resilient tomorrow"
- Objective: to enhance global dialogue and collaboration on disaster and climate resilient infrastructure
Current Snapshots
- G20 Employment Working Group (EWG) meeting
- Venue: Brasilia
- Highlights: collaboration between ILO and OECD, challenges faced by women, and government efforts to decrease the gender pay gap in India
- 'Meghayan 2024' METOC seminar
- Provided valuable insights into the frontline of climate change and its impact on naval operations
- Launch of INDRA Application: an indigenous mobile application for disseminating weather-related information and forecasts
- CoViNet
- A global network of laboratories to identify and monitor potentially novel coronaviruses
- Includes 36 labs from 21 countries, with three Indian labs
- Eight Core Industries
- Coal sector exhibited the highest growth of 11.6% among the eight core industries in February 2024
- Core Industries Index experienced a 6.7% increase in February 2024
- Compiled and released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT)
- HP Future Impact Leaders - IICA Certified Environmental - Social - Governance (ESG) Professional Programme
- Aim: to promote sustainability and empower corporate social responsibility (CSR) professionals
- Scholarship: HP India will offer 100% scholarships to 75 candidates
- SKOCH ESG Award 2024
- Awarded to REC Limited in the 'Renewable Energy Financing' category
- Recognizes organizations that demonstrate outstanding performance in Environmental, Social, and Governance (ESG) practices
- Digital India Trust Agency (DIGITA)
- Established by RBI to combat the proliferation of illegal lending apps
- Features: serves as a crucial checkpoint, apps lacking the 'verified' mark from DIGITA will be deemed unauthorized for law enforcement purposes
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz covers recent news and updates related to regulatory exams, including RBI Grade B, NABARD Grade A, and SEBI Grade A. Topics include RBI's bi-monthly review, SEBI's ISO certification, and consumer confidence surveys.
