Sustainable Development Initiatives in India
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Sustainable Development Initiatives in India

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Questions and Answers

What is the primary goal of the India-Korea Electronic Origin Data Exchange System (EODES)?

  • To provide a platform for bilateral trade agreements
  • To facilitate the exchange of origin information for faster clearance of goods (correct)
  • To eliminate customs duties between India and Korea
  • To standardize the customs regulations in both countries
  • What type of information is specifically exchanged under the India-Korea EODES?

  • Certificates of Origin (CoO) (correct)
  • Freight forwarding documents
  • Import tariffs
  • Commercial invoices
  • Who is responsible for the launch of the India-Korea Electronic Origin Data Exchange System?

  • Ministry of Commerce and Industry
  • Korean Trade Commission
  • Export Promotion Council
  • Central Board of Indirect Taxes & Customs (CBIC) (correct)
  • When does the data sharing of the Certificate of Origin take place in the EODES process?

    <p>As soon as the certificate is issued</p> Signup and view all the answers

    What agreement does the EODES specifically support?

    <p>India-Korea Comprehensive Economic Partnership Agreement (CEPA)</p> Signup and view all the answers

    What is the primary focus of LeadIT 2.0 as highlighted by the Prime Minister?

    <p>Inclusive and just industry transition</p> Signup and view all the answers

    Which group exemplifies India's commitment to addressing climate challenges through local community involvement?

    <p>Quad Climate Working Group</p> Signup and view all the answers

    What strategic partnership does co-lending involve in the context of banking?

    <p>Between banks and NBFCs</p> Signup and view all the answers

    What significant support does LeadIT 2.0 offer to emerging economies?

    <p>Financial support for industry transition</p> Signup and view all the answers

    What is the main objective of the Credit Guarantee Scheme for Co-lending introduced by CGTMSE?

    <p>To enhance the security for co-lending operations</p> Signup and view all the answers

    In which year was the Credit Guarantee Scheme for Co-lending (CGSCL) introduced?

    <p>2022</p> Signup and view all the answers

    What does the Mangrove Alliance represent in terms of environmental efforts?

    <p>Promoting coastal ecosystem preservation</p> Signup and view all the answers

    Which sector benefits primarily from the co-lending arrangement between banks and NBFCs?

    <p>Priority sector</p> Signup and view all the answers

    What types of devices are now eligible for subsidy under the PIDF Scheme as of October 01, 2023?

    <p>Soundbox and Aadhaar-enabled biometric devices</p> Signup and view all the answers

    What is the increased subsidy percentage for device installations in special focus areas under the PIDF Scheme effective from October 01, 2023?

    <p>90%</p> Signup and view all the answers

    Which of the following banks are considered National Development Banks under the NSFR framework?

    <p>NABARD, NHB, and SIDBI only</p> Signup and view all the answers

    What is the Required Stable Funding (RSF) factor for unencumbered loans to NDBs under specific criteria?

    <p>65%</p> Signup and view all the answers

    What does the Net Stable Funding Ratio (NSFR) measure?

    <p>Available stable funding relative to required stable funding</p> Signup and view all the answers

    Which of the following institutions is not considered for NSFR computation as a National Development Bank?

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

    What change was made regarding the classification of All India Financial Institutions (AIFIs) for NSFR computation?

    <p>Both EXIM Bank and NaBFID were newly considered as NDBs.</p> Signup and view all the answers

    When did the changes to the subsidy percentages under the PIDF Scheme take effect?

    <p>October 01, 2023</p> Signup and view all the answers

    What is the annual subscription charge for the Bankers Plus Monthly e-magazine?

    <p>Rs. 300</p> Signup and view all the answers

    What is the primary objective of the expert committee on Transition Finance at IFSCA?

    <p>To establish a regulatory framework for transition finance instruments</p> Signup and view all the answers

    Which of the following amounts represents the listing of ESG-labelled debt securities facilitated by IFSCA?

    <p>$10.1 billion</p> Signup and view all the answers

    What type of fund has been established at IFSC to support environmental initiatives?

    <p>ESG Engagement Fund</p> Signup and view all the answers

    Which sectors are emphasized as needing funding to achieve climate action goals?

    <p>Hard-to-abate sectors</p> Signup and view all the answers

    Who chairs the expert committee on Transition Finance at IFSCA?

    <p>Mr. Prakash</p> Signup and view all the answers

    What is the total amount raised from green/sustainable loans as mentioned?

    <p>$700 million</p> Signup and view all the answers

    What key issue is highlighted regarding the mobilization of funds for climate action?

    <p>Funds are largely focused on zero-emission sectors</p> Signup and view all the answers

    What was the total asset value of the PSBs in FY 2023?

    <p>Rs. 140.14 lakhs crores</p> Signup and view all the answers

    Which bank had the highest Gross NPA in FY 2021?

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

    What trend is observed in the Gross NPA of the PSBs from FY 2021 to FY 2023?

    <p>It decreases annually</p> Signup and view all the answers

    What was the Gross NPA of UCO Bank in FY 2022?

    <p>10,237 crores</p> Signup and view all the answers

    What was the Net NPA of the State Bank of India in FY 2021?

    <p>21,467 crores</p> Signup and view all the answers

    Which of the following banks showed the lowest Gross NPA in FY 2023?

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

    Which year did the total Gross NPA of PSBs reach Rs. 542,173 crores?

    <p>FY 2022</p> Signup and view all the answers

    Which bank reduced its Gross NPA from FY 2021 to FY 2023 the most?

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

    Study Notes

    LeadIT 2.0

    • Focuses on an inclusive and just industry transition.
    • Emphasizes co-development and transfer of low-carbon technology.
    • Financial support directed towards emerging economies for industry transition.

    Quad Climate Working Group & Mangrove Alliance

    • India's participation highlights the importance of local communities and regional governments.
    • Aims to promote sustainable lifestyles and holistic conservation efforts.

    Credit Guarantee Scheme for Co-lending

    • Co-lending involves banks partnering with NBFCs to jointly disburse loans to priority sectors.
    • CGTMSE introduced the Credit Guarantee Scheme for Co-lending (CGSCL) in February 2022.

    Payment Infrastructure Development Fund (PIDF) Scheme

    • PIDF subsidizes acceptance infrastructure based on device category.
    • New eligibility includes Soundbox and Aadhaar-enabled devices from October 1, 2023.
    • Subsidy increases for devices in special focus areas, from 75% to 90%.

    National Development Banks (NDBs) and Basel III

    • NSFR and LCR are key components of Basel III reforms.
    • NABARD, NHB, and SIDBI classified as NDBs for NSFR computation.
    • EXIM Bank and NaBFID also considered as NDBs under recent review.

    Transition Finance at IFSCA

    • IFSCA focuses on creating financial instruments to support climate action capital flows.
    • Achievements include listing $10.1 billion in ESG-labelled debt securities and over $700 million in green loans.
    • Importance of funding transition in hard-to-abate sectors emphasized for meeting Paris Agreement goals.

    India-Korea Electronic Origin Data Exchange System (EODES)

    • Launched by CBIC to smooth implementation of the India-Korea CEPA.
    • Facilitates electronic exchange of origin information between customs administrations.
    • Aims to expedite clearance of imported goods through improved data sharing.

    Public Sector Banks (PSBs) Financial Data

    • Total assets of PSBs increased: Rs. 117.28 lakh crores in FY 2021 to Rs. 140.14 lakh crores in FY 2023.
    • Gross NPA for PSBs decreased from Rs. 6.17 lakh crores in FY 2021 to Rs. 4.28 lakh crores in FY 2023.

    Gross and Net NPA of Nationalized Banks

    • Detailed data show declining Gross NPA year-on-year across major nationalized banks.
    • For example, Bank of Baroda's Gross NPA decreased from Rs. 66,671 crores in 2021 to Rs. 36,764 crores in 2023.
    • Overall downward trend in Net NPA also observed among PSBs during the same period.

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    Description

    This quiz explores India's commitment to sustainable development through initiatives like LeadIT 2.0 and its participation in global climate cooperation frameworks. It examines the role of local communities and regional governments in promoting sustainable lifestyles and conservation efforts. Test your knowledge on these important topics related to environmental policy and sustainability.

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