Banking Awareness September 2024 Past Paper PDF
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2024
Dr. Gaurav Garg
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This study material contains a set of banking awareness questions, suitable for students or professionals preparing for exams or to enhance current knowledge on banking, finance and current affairs. The content covers current regulations, company milestones, and new e-platforms introduced. The material is presented question format with answers.
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Banking Awareness September - Set 2 by Dr. Gaurav Garg 1 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -htt...
Banking Awareness September - Set 2 by Dr. Gaurav Garg 1 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 2 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ○ 3 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 4 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 5 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 6 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, Ministry of Corporate Affairs (MCA) has notifiedCompetition Amendment Act 2023to revamp the merger Q control regime with effect from September 10, 2024. As per the regulations, the review period for Merger & Acquisitions (M&A) transactions has been reduced from 210 days to __________. A. 120 days B. 170 days C. 150 days D. 180 days Answer: C. 150 days 7 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, which of the following companies has become thesixth Indian startupto achieve the billion-dollar valuation Q milestone in 2024? A. River B. Moneyview C. Sarvam AI D. Credgenics Answer: B. Moneyview oneyview has become thesixth Indian startupto achieve the billion-dollar valuation milestone in2024 M followingKrutrim, Perfios, Porter, RapidoandAther Energy. ) Recently,Trade Connect e-platformhas been launched to support Indian exporters, MSMEs and entrepreneurs.The Q platform is developed in collaboration with key partners including Ministry of MSME, Department of Financial Services (DFS), Ministry of External Affairs (MEA) and __________. A. Small Industries Development Bank of India (SIDBI) B. EXIM Bank C. IDBI Bank Limited D. Reserve Bank of India Answer: B. EXIM Bank 8 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 9 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, ‘Jan Sunwai Portal’has been launched to streamline communication between stakeholders and authorities. It Q is an online platform of which of the following government department? A. Department for Promotion of Industry and Internal Trade (DPIIT) B. Department of Commerce C. Department of Expenditure D. Department of Financial Services Answer: B. Department of Commerce ) Recently, which of the following companies has launchedSaarthi appin collaboration with Bhashini to assist Q businesses in creating their own customised buyer-side apps? A. Amazon B. Flipkart C. Open Network for Digital Commerce (ONDC) D. AJIO Answer: C. Open Network for Digital Commerce (ONDC) ) According to an Informa Connect Academy report titled “2024 Trillion Dollar Club”,Elon Musk is most likely to Q become the world’s 1st trillionaire by 2027. As per the report, who among the following from India will become the 2nd trillionaire by 2028? A. Dilip Shanghvi B. Gautam Adani C. Mukesh Ambani D. Shiv Nadar Answer: B. Gautam Adani 10 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 11 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 3 Women Billionaire to become Trillionaire: ○ The report hasprojectedthat30billionairesaremostlikelytobreachthetrillionairemarkbytheyear 2050, of which3 are women. ○ Among 3 women billionaire who are likely to become trillionaire by 2050, Françoise Bettencourt Meyers,grand-daughterofEugèneSchueller,founderofL’Orealisexpectedtobecomeatrillionaireby 2040. ○ The report has estimated that Julia Margaret Flesher Koch,isthewidowofDavidKoch,tobecome trillionaire by2050. ○ AliceLouiseWalton,istheonlydaughterofSamWalton,founderofWalmart,isexpectedtobecomea trillionaire in2051. ) Recently, HCLTech, Noida has been named the no.1 India-headquartered company inTIME magazine's World's Best Q Companies 2024 list.Which of the following companies has topped the list globally? A. Apple B. Amazon C. Accenture D. Microsoft 12 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers Answer: A. Apple ) Recently, a digital platform ‘BHASKAR’ has been launched to centralize, streamline, and enhance collaboration Q among key stakeholders within the entrepreneurial ecosystem. This platform has been launched by which of the following government department? A. Department for Promotion of Industry and Internal Trade (DPIIT) B. Department of Commerce C. Department of Expenditure D. Department of Financial Services Answer: A. Department for Promotion of Industry and Internal Trade (DPIIT) BHASKAR stands forBharat Startup Knowledge Access Registry 13 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers Key Features of BHASKAR Networking and Collaboration: BHASKAR will bridge the gap between startups, investors, mentors, and other stakeholders, allowing forseamless interactionacross sectors. ProvidingCentralizedAccesstoResources:Byconsolidatingresources,theplatformwillprovidestartupswith immediate access to critical toolsandknowledge, enabling fasterdecision-makingand more efficient scaling. Creating Personalized Identification: Every stakeholder will be assigned a uniqueBHASKARID,ensuring personalized interactions and tailored experiences across the platform. Enhancing Discoverability: Through powerful search features, users can easily locate relevant resources, collaborators, and opportunities, ensuring faster decision-making and action. SupportingIndia’sGlobalBrand:BHASKARwillserveasavehicleforpromotingIndia’sglobalreputation as a hub for innovation, makingcross-border collaborationsmore accessible to startups and investors alike. Enhanced Visibility: Make yourself visible using profile cards to be discovered across the startup ecosystem BHASKAR will work as the central one-stop digital platform that will house the ever-evolving startup ecosystemstakeholdersunderonesingleroof,makingitthelargestdigitalregistryofthestartupecosysteminthe world in the coming times. ) Recently, Ministry of Statistics and Programme Implementation has dissolved the 14-memberStanding Committee on Q Statistics (SCoS),as its roles and responsibilities reportedly overlapped with the newly formed Steering Committee for the National Sample Surveys (NSS). SCoS was led by who among the following? A. Prof. A Ganesh Kumar B. Pronab Sen C. Rajeeva Laxman Karandikar D. Prof. Debasis Kundu Answer: B. Pronab Sen ) Recently, Prime Minister of India has launched ‘SUBHADRA’scheme, a first of its kind digital currency scheme in Q the country. This scheme is associated with which of the following states? A. Jharkhand B. Maharashtra C. Odisha D. Gujarat Answer: C. Odisha ) Recently, Prime Minister of India has launchedSingle Window IT System (SWITS) platform, designed to streamline Q financial services. This platform is developed by which of the following organisation? A. Reserve Bank of India (RBI) B. International Financial Services Centres Authority (IFSCA) C. Insurance Regulatory and Development Authority of India (IRDAI) D.Pension Fund Regulatory and Development Authority (PFRDA) Answer: B. International Financial Services Centres Authority (IFSCA) he Prime Minister launched the Single Window IT System (SWITS) of International Financial Services T Centres Authority,designed tostreamline financial services. Further, he flagged off India’s first Namo Bharat Rapid Rail between Ahmedabad and Bhuj, and several Vande Bharat trains on routes-NagpurtoSecunderabad,KolhapurtoPune,AgraCantttoBanaras,Durgto Visakhapatnam, Pune to Hubballi, and thefirst 20-coach Vande Bharattrainfrom Varanasi to Delhi. Single Window IT System (SWITS) of International FinancialServices Centres Authority ○ This unified one stop digital platform has been conceptualizedanddevelopedbyIFSCAtofacilitate ease of doing business in the International Financial Services Centre (I FSC) by streamlining the application process and eliminating the need for businesses to navigate multiple Authorities independently for various necessary approvals. ○ The System brings together different Government Agencies & Regulators on a single digital platform, including Department of CommerceunderMinistryofCommerce&Industry,Departmentof Revenue under Ministry of Finance, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI). 14 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ○ I FSCA’s SWIT System enables applicants to submit applications, obtain approvals, and fulfil approval related regulatory requirements through digital means in a simple, seamless and secure manner. ○ With the launch of SWIT System, applicants can now apply for license/ registration from IFSCA, under the relevant IFSCA Regulations and Frameworks, through the SWIT Platform. ) According to recent Reserve Bank of India (RBI) data,small savings Q schemesgrew by what percentage up to February 2024, reaching Rs 18.1 lakh crore? A. 13.1% B. 12.5% C. 13.8% D. 14.3% Answer: C. 13.8% SYsaw a 41% growth, with the outstanding balance rising from S Rs 77,472 crore in February 2023 toRs 1 lakh crorein February 2024. ○ SCSS recorded a28% growth, with itsoutstanding balancerisingfrom Rs 1.3 lakh croretoRs 1.7 lakh croreduring the same period. ○ Theinterest rateon both these schemes was8.2 per cent, the highest among all. The outstanding balance ofsmall savings schemesincreased from Rs 6.2 lakh crore in 2015 toRs 18.1 lakh crorein February 2024, with a 13.8% growth in February 2023. Post Office Time Deposits (POTD), Monthly Income Scheme (MIS), and Kisan Vikas Patras (KVP) had the highest outstanding balancesamongall small savings schemesin February 2024. 15 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) According to recently launched2024 Chainalysis’s Global Crypto Q Adoption Index, which of the following countries has ranked first in global adoption of cryptocurrencies? A. Indonesia B. Nigeria C. India D. Vietnam Answer: C. India ) Recently, Life Insurance Corporation of India (LIC) has selected which of the following companies to develop its Q next-generation digital platform as part of itsDIVE (Digital Innovation and Value Enhancement) programme? A. Accenture B. IBM C. Infosys D. Cognizant Answer: C. Infosys More Information LIC has increased its stake Indian Railway Catering and Tourism Corporation (IRCTC),a“M iniRatna (Category-I)”Central Public Sector Undertaking (PSU) under Ministry of Railways, toabout 9.3%. ○ LIC’s shareholdings in equity shares of IRCTC has been increasedfromaround5.82croretoaround 7.43 crore i.e., 7.278%to~9.298%of the paid up capital. 16 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) As per recent report titled ‘Country-wise Merchandise Trade Performance’, India has recorded trade surplus with as Q many as 151 countries, while the country has a trade deficit with 75 nations during the first half of this year. _________ has released this report. A. World Trade Organization (WTO) B. World Bank C. Organisation for Economic Co-operation and Development (OECD) D. Global Trade Research Initiative (GTRI) Answer: D. Global Trade Research Initiative (GTRI) etweenJanuaryandJune2024,Indiahadatradesurpluswith151countries,representing55.8percentof B its exportsand16.5 per cent of its imports, totallingUSD 72.1 billion. ThebiggestsurpluseswerewiththeUSA($21billion)andtheNetherlands($11.6billion)duringJanuary-June this year. Indiahadatradedeficitwith75countries,whichaccountedfor44.2percentofitsexportsand83.5percent of its imports, resulting in a$185.4 billion deficit, much larger than India's overall trade deficit. With 23 of 75 countries, India’s trade deficit exceeded $1 billion and these countries accounted for 32.9 percent of India’s exportsand73.5 percent of its imports. The top five countries with the highest trade deficits were China with $41.88 billion, Russia with $31.98 billion,Iraqwith $15.07 billion,Indonesiawith $9.89 billion and theUAEwith $9.47 billion. Remaining 18 countries with trade deficit exceeding $1 billion include Saudi Arabia ($9.43 billion), Switzerland($8.46billion),SouthKorea($6.93billion),Japan($6.13billion),Qatar($5.76billion),HongKong ($5.21 billion), Taiwan ($4.28 billion), Australia ($3.34 billion), Thailand ($2.60 billion), Germany ($2.10 billion), Vietnam ($2.07 billion), Malaysia ($1.49 billion), Venezuela ($1.47 billion), Peru ($1.10billion),and Ireland ($1.10 billion). Indiamaykeepawatchfuleyeaboutthetradedeficitwith4outofthe23countriesthatprimarilyexportgold, silveranddiamondstoIndiaastariffcutsingoldandsilverinthisbudgetfrom15percentto6percentmaylead to rise in imports. On China, the report said that during January to June 2024, India exported $8.5 billion to China while importing $50.4 billion, resulting in a trade deficit of $41.9 billion. This low export and high importmake China India’s largest trade deficit partner. 98.5 percent of importsfrom China, or$49.6 billion, areindustrial goods. China accounts for29.8 percent of India’s industrial goods imports. ) Recently, Competition Commission of India (CCI) has approved the proposed acquisition of less than 10% equity Q shareholding byNaspers Ventures B.V.in which of the following companies? A. Prosper Housing Finance Limited B. Vastu Housing Finance Corporation Limited C. Grihum Housing Finance Limited D. Religare Housing Development Finance Corporation Limited Answer: B. Vastu Housing Finance Corporation Limited ) Recently, which of the following companies has received approval from Department of Investment and Public Asset Q Management (DIPAM) for raising approximatelyRs 4500 crorethrough fresh equity issue? A. Container Corporation of India Limited (CONCOR) B. RailTel Corporation of India Limited (RailTel) C. Indian Renewable Energy Development Agency Limited (IREDA) D. Indian Telephone Industries Limited (ITI) Answer: C. Indian Renewable Energy Development Agency Limited (IREDA) ) According to recently released report titled “Unlocking the Power of Healthy Longevity: Demographic Change, Q Non-Communicable Diseases and Human Capital”, investing in healthy longevity could save 150 million lives in Low-and-Middle Income Countries (LMICs) and extend millions more by 2050. Which of the following organization has released this report? A. Asian Development Bank (ADB) B. World Trade Organization (WTO) C. New Development Bank (NDB) D. World Bank Answer: D. World Bank 17 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently,Indian REITs Associationhas launched three 'Data Benchmarking Institutions (DBIs) to provide investors Q detailed information on real estate investment trust. As part of the initiative, three financial services companies have launched their respective platforms. Which of the following companies is not one among them? A. CAMS B. CareEdge C. Bigshare Services Pvt Ltd. D. KFintech Answer: C. Bigshare Services Pvt Ltd. ) Recently, which of the following companies has become4th listed companyto cross Rs 10 trillion market cap? Q A. ICICI Bank B. Infosys C. Bharti Airtel D. Larsen & Toubro Answer: C. Bharti Airtel ) Recently, _________ has notifiedDirect Tax Vivad Se Vishwas Scheme, 2024to resolve pending appeals in the case Q of income tax disputes. A. Central Pension Accounting Office (CPAO) B. Central Board of Indirect Taxes and Customs (CBIC) C. Central Board of Direct Taxes (CBDT) D. Department of Economic Affairs Answer: C. Central Board of Direct Taxes (CBDT) ) As per recently released report titled ‘Relative Economic Performance of Indian States: 1960-61 to 2023-24’, Southern Q states (Karnataka, Andhra Pradesh, Telangana, Kerala, Tamil Nadu) have emerged as major contributors to India's GDP, accounting for 30% by March 2024. This report is released by _________. A. Ministry of Finance B. Ministry of Statistics and Programme Implementation (MoSPI) C. Economic Advisory Council to the Prime Minister (EAC-PM) D. NITI Aayog Answer: C. Economic Advisory Council to the Prime Minister (EAC-PM) 18 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers 19 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, government has approved theprivatisationof which of the following companies to Japanese corporation Q Konoike Transport Co Ltd for Rs 320 crore? A. Engineering Projects (India) Limited B. MECON Limited C. Ferro Scrap Nigam Ltd (FSNL) D. THDC India Limited Answer: C. Ferro Scrap Nigam Ltd (FSNL) ) Recently, India signed and exchanged the first-of-its-kind agreements focused on Clean Economy, Fair Economy, and Q the IPEF Overarching arrangement underIndo-Pacific Economic Framework (IPEF)for prosperity. IPEF is structured around 4-pillars. Identify which one is NOT among them? A. Trade B. Digital Economy C. Clean Economy D. Supply Chain Resilience Answer: B. Digital Economy ) Recently, which of the following online travel platforms has become the ‘first Online Travel Agency (OTA)’to sell Q and purchase travel services through Open Network for Digital Commerce (ONDC) platform? A. MakeMyTrip B. Cleartrip C. EaseMyTrip D. Goibibo Answer: C. EaseMyTrip ) As per recent announcement, now subscribers ofEmployees Provident Fund Organisation (EPFO)can withdraw up to Q __________ from their Provident Fund (PF) accounts for personal financial needs. A. Rs 2 lakh B. Rs 1.5 lakh C. Rs 75 thousand D. Rs 1 lakh Answer: D. Rs 1 lakh ) Recently, which of the following organization has funded Rs 530 crores for modern management of drinking water Q supply in 12 cities ofTripura? A. Asian Development Bank (ADB) B. World Trade Organization (WTO) C. New Development Bank (NDB) D. World Bank Answer: A. Asian Development Bank (ADB) ) Recently, India has become 6th largest market in Morgan Stanley Capital International (MSCI) All Q Country World Investable Market Index (ACWI IMI).Which of the following countries has topped the index? A. United Kingdom B. Japan C. United States of America (USA) D. Canada Answer: C. United States of America (USA) 20 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, who among the following has assumedAsian Organization of Supreme Audit Institutions (ASOSAI)chair Q for the term 2024-2027? A. Pankaj Chaudhary B. Nirmala Sitharaman C. Girish Chandra Murmu D. Tuhin Kanta Pandey Answer: C. Girish Chandra Murmu ) As per the“ADB’s Asian Development Outlook (ADO)”September 2024 projections, India’s economic growthwill Q remain robust, with gross domestic product (GDP) expected to increase by _________ in fiscal year (FY) 2024. A. 6.2% B. 6.8% C. 7.0% D. 7.6% Answer: C. 7.0% ) As per recent report titled“India Forward: Emerging Perspectives”, India is on track to become the 3rd largest Q economy in world and transition to Upper-Middle-Income (UMI) category by Financial Year 2030- 31, driven by a projected annual growth rate of 6.7%. This report is released by _________. A. World Bank B. International Monetary Fund C. S&P Global D. Ernst & Young (EY) Limited Answer: C. S&P Global he report noted that India’s Gross Domestic Product(GDP)grew by an impressive8.2%inFY24and also T expects to grow at6.8%inFY25 ) Recently, State Bank of India (SBI) has sanctioned a project loan of Rs 10,050 crore for a thermal power project by Q Damodar Valley Corporation (DVC)at which of the following places? A. Giridih B. Koderma C. Dhanbad D. Bokaro Answer: B. Koderma ) Recently, which of the following organizations has approved a USD 50 million loan for an initiative namely,‘Climate- Q Adaptative Community-Based Water-Harvesting Project’to enhance water resource management and strengthen climate resilience in Meghalaya, India? A. International Monetary Fund (IMF) B. World Bank (WB) C. Asian Development Bank (ADB) D. New Development Bank (NDB) Answer: C. Asian Development Bank (ADB) ) Recently, who among the following has been appointed as first director ofFund for Responding to Loss and Damage? Q A. Ibrahima Cheikh Diong B. Asad Ejaz Butt C. Margaretha Wewerinke-Singh D. Payam Akhavan Answer: A. Ibrahima Cheikh Diong ) Recently, Ministry of Health and Family Welfare in collaboration with which of the following organizations has Q inaugurated the“Climate and Health Solutions (CHS) India Conclave”at Delhi? A. International Monetary Fund (IMF) B. New Development Bank (NDB) C. Asian Development Bank (ADB) D. World Bank (WB) Answer: C. Asian Development Bank (ADB) 21 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, Ministry of Textiles has unveiled Commemoratory coin celebrating thePlatinum Jubilee of the Central Silk Q Board (CSB). What is the denomination of this coin? A. Rs. 50 B. Rs. 100 C. Rs. 75 D. Rs. 25 Answer: C. Rs. 75 Features of Commemorative coin (Rs. 75): ThecoinmadeofQuaternaryalloy(50%silver,40%Copper,5%Nickeland5%Zinc)weighs35gramsand has adiameter of 44 millimetres(mm). The obverse of thecoin featuresthelion capitol of the Ashokill with inscribed below. TheReversefeaturesthelogoofthe75thfoundationyearofCBSwiththeinscriptionof"CentralSilkBoard" in bothDevanagari and Englishalong with "1949-2024". ) As per recent information,tax evasionunder the Goods and Services Tax (GST) regime has surged to Rs 2.01 lakh Q crore for the financial year 2023-24. ________ has emerged as the highest zone for GST evasion detection, with a total of Rs 70,985 crore. A. Pune B. Gurugram C. Mumbai D. Bengaluru Answer: C. Mumbai heDGGIreportidentifiedtheonlinegamingandbanking,financialservices,andinsurance(BFSI)sectors T as the most prone to GST evasion. The online gaming sector alone accounted for Rs 81,875 crore in evasion, while the BFSI sector saw Rs 18,961 crore. Amonggoods,theiron,copper,scrap,andalloyssectorsfacedRs16,806croreinevasion,withpanmasala, tobacco, cigarette, andbeedifollowing atRs 5,794 crore. MumbaiemergedasthehighestzoneforGSTevasiondetection,withatotalofRs70,985crore,followedby Delhi at Rs 18,313 crore, Pune at Rs 17,328 crore, Gurugram at Rs 15,502 crore, andHyderabadatRs 11,081 crore. Forgoods,iron,copper,scrap,andalloyshad1,976caseswithRs16,806croreintaxevasion,andpanmasala, tobacco, cigarette, and bidi had 212 cases with Rs 5,794 crore. Other notable sectors include plywood, timber, and paper with 238 cases amounting to Rs 1,196 crore, and electronic items with 23 cases and Rs 1,165 crore in evasion. The report detailed6,084 cases of GST evasion in FY24, up from 4,872 cases the previous year. VoluntarypaymentsinthesecasesamountedtoRs26,605crorein4,520cases,comparedtoRs20,713crore in 3,683 cases in FY23. The breakdown of evasion types showed that non-payment of tax, including clandestine supply and undervaluation, constituted 46% of cases, followed by fake input tax credit (20%) and wrong availment/non-reversal of ITC/blocked credit (19%). Overall,thetotalGSTevasiondetectedbyDGGIofficersandtheCentralGSTzonesforFY24reachedoverRs 2.37 lakh croreacross 20,576 cases, including Rs 2.01 lakh crore by DGGI and Rs 35,377 crore by CGST zones. SincetheintroductionofGSTin2017,detectedevasionhasbeensteadilyincreasing,withpreviousfiguresof Rs 7,879 crore in 2017-18, Rs 19,319 crore in 2018-19, Rs 21,739 crore in 2019-20, Rs 31,908 crore in 2020-21, andRs 50,325 crorein 2021-22. ) Recently, which of the following organisation has announced an investment ofUSD 70 millionin India’s private Q sector to enhance health systems, increasing access to affordable housing, and supporting small businesses? A. International Finance Corporation (IFC) B. United States (US) International Development Finance Corporation (DFC) C. Asian Development Bank (ADB) D. New Development Bank Answer: B. United States (US) International Development Finance Corporation (DFC) 22 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, which of the following banks has introduced ‘Aditi,’ a generative AI-powered virtual relationship manager Q to offer enhanced digital customer services? A. Bank of Baroda B. Union Bank of India C. Canara Bank D. ICICI Bank Answer: A. Bank of Baroda About Aditi: ○ BoBhasintroduced‘Aditi,’agenerativeAI-poweredvirtualrelationshipmanagertoofferenhanced digital customer services. ○ Aditi providesconversational bankingacross arange of servicesthroughdigital avatars. ○ ItisaccessibleviaBoB’swebportalandsupportsaudio,video,andchat-basedassistancewith24×7 multilingual support. ○ The service is beinggraduallyrolledouttoexistingcustomersthroughanenrollmentprocessonthe bank’s website. About GyanSahay.AI: ○ BoB launched ‘GyanSahay.AI,’ a GenAI-enabled knowledge management platform to aid employeeswith instant and accurate responses. ○ The platform is trained in the bank’s product policies and processes, allowingemployeestohandle customer queriesmore efficiently. ○ GyanSahay.AI enables employees to work smarter, enhance customer satisfaction, and improve service delivery. About ADI –Chatbot: ○ BoB also introduced ‘ADI,’ a GenAI-powered chatbot to assistcustomersinresolvingtheirqueries digitally. ○ ADI enhances the overall digital banking experience, allowing users togettheirquestionsanswered quickly and efficiently through the chatbot interface. ) Recently, board of which of the following banks has approved appointment ofSumant Kathpaliaas Managing Q Director and Chief Executive Officer (MD & CEO) for three-year term? A. Axis Bank B. Federal Bank C. IndusInd Bank D. Yes Bank Answer: C. IndusInd Bank Other Important Appointments GopalanSrinivasanhasbeenappointedastheManagingDirectorandChiefExecutiveOfficer(MD&CEO)of Galaxy Health Insurance Company Limited, Chennai (formerly known as Galaxy Health and Allied Insurance Company Limited). ○ Chennai(TamilNadu,TN)basedGalaxyHealthInsuranceCompanyLimitedisaJointVenture(JV) between the TVS Group and the family of V. Jagannathan, the founder of Star Health & Allied Insurance Co. Ltd. It has received itsIRDAI licence in March 2024. eserveBankofIndia(RBI)hasapprovedthere-appointmentofV.VaidyanathanasManagingDirector(MD) R and Chief ExecutiveOfficer(CEO)ofIDFCFirstBankLimited,Mumbaiforaperiodof3yearseffective from 19th December, 2024 to 18th December, 2027. ) Recently,iBUS Network and Infrastructure Private Limitedhas secured an investment of Rs 280 crore from Q ________, which will aid iBUS in strengthening its market position and expanding both domestically and globally. A. International Monetary Fund (IMF) B. International Finance Corporation (IFC) C. Asian Development Bank (ADB) D. New Development Bank Answer: B. International Finance Corporation (IFC) 23 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers ) Recently, leading renewable energy (RE) project developers, manufacturing companies, banks, and financial Q institutions has committed close to$386 billionfor development of RE projects by 2030. Which of the following companies has led the pack with a commitment of 100 GW of capacity addition by 2030? A. ReNew Power B. NTPC Ltd C. Reliance Industries D. Power Finance Corporation (PFC) Ltd Answer: C. Reliance Industries eliance Industries (R R IL) led the pack with a commitment of 100 Gw of capacity addition by 2030. It is followed byNTPCwith41.3 GwandReNew with 40 Gwof commitment. Additionally,ReNewwillset up 6 Gw of ingot-wafer, solar cell, andmodule manufacturing. ThesecommitmentsarepartofaspecialinvestmentdrivebytheCentrecalled‘S hapathPatra’,whichwould showcase the investment attractivenessofIndia for green energy. Gujarat-basedTorrentPowersubmitteda‘S hapathPatra’toachieve10GwofinstalledREcapacityby2030, with an investment of Rs 57,000 crore. This includes its existing plan of investment to build7 Gw of solar power projects. AdaniNewIndustriesLtd(ANIL)haspledgedtosetupthehighest3.9Gwofwindturbinemanufacturing, followed bySuzlon Energyat 2.8 Gw. India has built200 Gw of RE capacityand is on a path toachieve 500 Gw by 2030. Additionally,banksandfinancialinstitutions(FIs)submittedacommitmentofRs24.8trillionforfinancing RE projectsin the country. ○ State-ownedRECleadsthepackwithRs6trillionofinvestmentcommitment,followedbydedicated renewable financing bodyIREDA, which will investRs 5 trillion. ○ State ownedPower Finance Corporation(PFC) has made an investmentcommitment of Rs 3 trillion. ○ Amongthebanks,SBIhasmadethelargestannouncementwithRs5trillionofinvestmentundertakings, followedbyPNBwithRs79,000crore.Amongprivateinvestors,BrookfieldhascommittedRs54,000 crore. Important Information Mumbai (Maharashtra) based Shriram Finance Limited, the flagship company of the Shriram Group has announcedtheonboardingofRahulSharadDravid,formercaptainandheadcoachoftheIndiancricketteam, as itsbrand ambassador BMECOLIFEMobility(Gurugram),asubsidiaryofJBMAutoLimited,hassecured$100millioninfunding J from theAsian Development Bank (ADB) and theAsian Infrastructure Investment Bank (AIIB). ○ Thisfundingwillsupporttheprocurementofupto650electricbuses,alongwithassociatedcostsfor operations, maintenance,depots, andcharging infrastructurein Haryana and Odisha. ○ Aim: To promote sustainable transport, improve public health, and reduceemissionsbyenhancing e-mobility in India. ○ Under this project, there is a gender action plan focuses oncreatingsaferworkplacesandboosting women’s participation in nontraditional roles like bus driving. ○ Note: JBM’s plant in Palwal, Haryana, is the world’s largest dedicated electricbusmanufacturing facility outside China, with an annual capacity of 20,000 buses. engaluru(Karnataka)basedPhonePehaspartneredwiththeSingaporebasedLiquidGroup,afintechleader B in digital cross-borderpaymentsolutions,toenableIndiantravellerstomakeUnifiedPaymentsInterface (UPI) paymentsat various merchants inSingapore. ○ This would allow travellers to easily scan and pay with their PhonePe app at Liquid Group’s wide merchant base in Singapore. ○ Throughthispartnership,LiquidGrouphasenableditsmerchantstoacceptUPIasapaymentoption, allowing Indian travellers to use their chosen UPI App for transactions. ○ This collaboration is facilitated through Liquid Group’s partnership with NPCI International Payments Limited(NIPL). 24 © Copyright 2024 Study IQ To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -https://t.me/StudyIQPremiumUsers
