October Banking Current Affairs PDF

Exam Genius Ace Your Exams With Exam Genius UPSC | SSC | RAILWAY | BANKING | RAILWAY | GOVT EXAM Current Affairs Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : OECD Raised India’s GDP Forecast...

Exam Genius Ace Your Exams With Exam Genius UPSC | SSC | RAILWAY | BANKING | RAILWAY | GOVT EXAM Current Affairs Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : OECD Raised India’s GDP Forecast to _____ for FY25. OECD ने FY25 के लिए भारत का सकि घरे िू उत्पाद का पर् ू ाानम ु ान बढाकर ____ कर ददया (a) 6.7% (b) 6.9% (c) 5.7% (d) 8.7% (e) 7.7% Answer : Option A Explanation : India’s GDP Projection by Organisation for Economic Cooperation and Development (OECD) :  For Financial Year 2024-25 (FY25) 6.7% from Previous projection 6.6%  For Financial Year 2025-26 (FY26) 6.8% from Previous projection 6.6% OECD’s report has also raised India’s headline inflation forecast by 20 bps, from 4.3% (projected in May 2024) to 4.5% for FY25. While, it has lowered India’s inflation for FY26 by 10 bps, from 4.2% to 4.1%, which would be almost equal to RBI’s mid-point target of 4%. About OECD :  Established : 1961  HQ : Paris, France  Secretary General : Mathias Hubert Paul Cormann Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Who approves amalgamation of The Rajapur Sahakari Bank Ltd. with The Malad Sahakari Bank Ltd. ? द मिाड सहकारी बैंक लिलमटे ड के साथ द राजापरु सहकारी बैंक लिलमटे ड के समामेिन को ककसने मंजूरी दी? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India (RBI) has approved the merger of The Rajapur Sahakari Bank Limited and The Malad Sahakari Bank Limited, both of which are based in Mumbai, Maharashtra.  The sanction was imposed under Sub-Section (4) of Section 44A, read in conjunction with Section 56 of the Banking Regulation Act of 1949.  The scheme of amalgamation will go into effect on September 23, 2024.  Following the merger, The Rajapur Sahakari Bank branches will become The Malad Sahakari Bank branches from September 23, 2024. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Who Imposes Rs.61.60 Lakh Penalty on Surat People’s Co-operative Bank ? सरू त पीपल् ु स को-ऑपरे दटर् बैंक पर 61.60 िाख रुपये का जुमााना ककसने िगाया? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.61.60 lakh on The Surat People's Co-operative Bank Limited, Surat, for non- compliance with certain directions issued by RBI  Non-compliance on 'Income Recognition, Asset Classification, Provisioning and Other Related Matters', 'Loans and advances to directors and their relatives, and firms/concerns in which they are interested', 'Maintenance of Deposit Accounts', and 'Customer Service'.  This penalty was levied in accordance with the authority granted on the RBI by sections 47A(1)(c), 46(4)(i), and 56 of the Banking Regulation Act of 1949.  This action is based on shortcomings in regulatory compliance and is not intended to rule on the legitimacy of any transaction or agreement entered into by the bank with its clients.  The RBI imposed a monetary penalty of Rs.1.50 lakh on The Bihar Awami Co-operative Bank Ltd., Patna for violating section 26A and section 56 of the Banking Regulation Act, 1949 (BR Act) and failing to comply with RBI's 'Know Your Customer (KYC)' directions. Ques : Which bank has collaborated with EaseMyTrip.com to introduce an EaseMyTrip Co-branded Travel Debit Card? ककस बैंक ने EaseMyTrip.com के साथ लमिकर EaseMyTrip कोब्ांडड े ट्रै र्ि डेबबट काडा पेश ककया है ? (a) HDFC Bank / एचर्ीएफसी बैंक (b) Karnataka Bank / कनाडटक बैंक (c) Bank of baroda / बैंक ऑफ बड़ौदा (d) Canara Bank / केनरा बैंक (e) None of these / इनमें से कोई नह ीं Answer : Option C Explanation :  Bank of Baroda, in cooperation with EaseMyTrip.com, has launched the 'Bank of Baroda EaseMyTrip Co-branded Travel Debit Card', aimed at regular travelers and those who spend money on entertainment and lifestyle.  This is the first co-branded travel debit card issued by a public sector bank.  The card provides a variety of special perks across airline bookings, hotel stays, OTT streaming platforms, and prominent e-commerce sites, allowing users to save year-round with no minimum order value.  The card is intended to reinvent the consumer experience by offering discounts on flights and hotel reservations, as well as complimentary premium membership. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Who imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance case ? ररिायंस होम फाइनेंस मामिे में जय अनमोि अंबानी पर 1 करोड़ रुपये का जम ु ााना ककसने िगाया? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option D Explanation :  SEBI fined Jai Anmol Ambani, the elder son of industrialist Anil Ambani, Rs 1 crore for failing to conduct adequate due diligence before sanctioning corporate loans at Reliance Home Finance.  Krishnan Gopalakrishnan, Chief Risk Officer at Reliance Home Finance, was fined Rs 15 lakh for identical infractions. The two persons must pay the money within 45 days of the SEBI order.  In February 2019, Jai Anmol, a non-executive director at Reliance Home Finance, sanctioned unsecured loans of Rs 20 crore each to Visa Capital and Accura Productions, despite opposition from other board members, according to SEBI.  The regulator stated that he failed to do reasonable due diligence on the GPCL (general purpose working capital lending) process. The operating cash was lent to other Reliance-Anil Ambani group entities, including Reliance cash. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Which Asset Management Company Launched India’s 1st NBFC Sector- based Target Maturity Mutual Fund Scheme ? ककस पररसंपत्त्त प्रबंधन कंपनी ने भारत की पहिी एनबीएफसी सेक्टर-आधाररत िक्ष्य पररपक्र्ता म्यच ू अ ु ि फंड योजना शरू ु की? (a) Aditya Birla Sun AMC / आददत्य बबडला सन एएमसी (b) Axis Asset Management Company Limited / एक्ससस एसेट मैनेजमें ट कींपनी सलसमटे र् (c) Kotak Mahindra Mutual Fund / कोटक मदहींद्रा म्यच ू अ ु ल फींर् (d) SBI Funds Management Pvt Ltd / एसबीआई फींड्स मैनेजमें ट प्राइवेट सलसमटे र् (e) None of these / इनमें से कोई नह ीं Answer : Option B Explanation :  Axis Asset Management Company Limited (Axis AMC) has launched "AXIS CRISIL-IBX AAA NBFC Index- Jun 2027 Fund," an open-ended Target Maturity Index Fund that invests in the CRISIL-IBX AAA NBFC Index - Jun 2027.  This is India's first NBFC sector-based target maturity mutual fund plan.  The scheme's New Fund Offer (NFO) is open for subscription until September 23, 2024, with a maturity date of June 30, 2027.  The initiative requires a minimum investment of Rs 5,000 and subsequent payments in multiples of Re 1. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Which bank has launched a suite of 8 innovative digital payment products and solutions to enhance the financial ecosystems for MSMEs ? ककस बैंक ने एमएसएमई के लिए वर्त्तीय पाररत्थथततकी तंत्र को बढाने के लिए 8 नर्ीन डडत्जटि भग ु तान उत्पादों और समाधानों का एक सट ू िॉन्च ककया है ? (a) ICICI bank / आईसीआईसीआई बैंक (b) HDFC bank / एचर्ीएफसी बैंक (c) Axis bank / एक्ससस बैंक (d) City Union bank / ससट यनू नयन बैंक (e) DBS bank / र्ीबीएस बैंक Answer : Option D Explanation :  City Union Bank Limited (CUB) has introduced 8 unique digital payment products and solutions to improve the financial environment for MSMEs and retail clients.  New digital payment solutions include Delegate payments, UPI lite auto top up, NCMC, credit line on UPI, RuPay credit card on UPI, and Mutual Fund loans.  Two novel services, Open Network Digital Commerce (ONDC) for MSMEs and ONDC for Retail, were created to meet the demands of these industries. About City Union Bank :  Established : 1904  HQ : Kumbakonam, Tamil Nadu  MD & CEO : Dr. N. Kamakodi  Tagline : Trust and Excellence since 1904 Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Which Bank announces scheme for one time settlement of retail NPAs ? ककस बैंक ने खद ु रा एनपीए के एकमश्ु त तनपटान के लिए योजना की घोषणा की है ? (a) HDFC bank / एचर्ीएफसी बैंक (b) ICICI bank / आईसी आईसीआई बैंक (c) RBL bank / आरबीएल बैंक (d) Bandhan bank / बींधन बैंक (e) IDBI bank / आईर्ीबीआई बैंक Answer : Option E Explanation :  IDBI Bank has announced a special scheme called "Sugam Rinn Bhugtan Yojana (SUGAM)" to help with recovery efforts by settling Retail NPAs once until March 31, 2021.  The scheme will apply to borrower's principle due above Rs.0.10 crore and up to Rs.10 crore (subject to qualifying criteria), with simplified terms.  It will provide a renewed opportunity to borrowers who are in distress and are prepared to settle their debts to avoid judicial entanglement.  The scheme will not be applicable where the sanction given under general One Time Settlement (OTS)/ Negotiated Settlement (NS), if it is in currency, where formal offer for settlement along with upfront amount has been received before launch of this scheme and the proposal is under consideration.  The scheme will end on March on 2025. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB About IDBI Bank :  Established : 1 July 1964  HQ : Mumbai  MD & CEO : Rakesh Sharma  Tagline : Bank Aisa Dost Jaisa Ques : Which bank partnered with Decentro, India’s largest fintech infrastructure platform ? ककस बैंक ने भारत के सबसे बड़े कफनटे क इन्राथट्रक्चर प्िेटफॉमा डडसेंट्रो के साथ साझेदारी की है ? (a) South Indian Bank / साउथ इींडर्यन बैंक (b) Axis Bank / एक्ससस बैंक (c) Yes Bank / यस बैंक (d) HDFC Bank / एचर्ीएफसी बैंक (e) ICICI Bank / आईसीआईसीआई बैंक Answer : Option C Explanation :  Decentro, India's leading fintech infrastructure platform, has launched eNACH and UPI AutoPay, which aims to automate and simplify the management of recurring payments for businesses.  Over the next three months, the company wants to assist at least 100+ enterprises with integrating these modules, tackling some of the most difficult challenges that businesses have when it comes to recurring payments.  The first partner bank for this new module is YES Bank.   The total addressable market (TAM) for recurring payments in India is approximately $800 million.  However, businesses face various challenges, requiring a significant time (and monetary) commitment of at least 500 man-hours to integrate and test these systems with their banking partners.  One such impediment is the lengthy procedure of obtaining a utility code, which can greatly slow eNACH adoption.  Furthermore, many payment gateways are unaware that lenders should use their utility codes rather than the payment gateway's code to ensure compliance. Ques : Which bank Introduces Multi-Currency World Travel Card for International Travelers ? कौन सा बैंक अंतरााष्ट्ट्रीय याबत्रयों के लिए मल्टी-करें सी र्ल्डा ट्रै र्ि काडा पेश करता है ? (a) South Indian Bank / साउथ इींडर्यन बैंक (b) Axis Bank / एक्ससस बैंक (c) Indian Bank / इींडर्यन बैंक (d) Punjab National Bank / पींजाब नेशनल बैंक (e) Karur Vyasya Bank / करूर व्यास बैंक Answer : Option D Explanation :  Punjab National Bank (PNB) now offers the "PNB Multi-Currency World Travel Card (MCWTC)," a prepaid foreign currency card that enables customers to load and manage various currencies on one card.   The card supports 6 major foreign currencies: United States Dollar (USD), Euro (EUR), British Pound Sterling (GBP), United Arab Emirates Dirham (AED), Canadian Dollar (CAD), and Singapore Dollar (SGD).  The card is valid for cash transactions up to Rs. 50,000.  The card provides insurance coverage of up to Rs 3.50 lakh against theft or misuse. About Punjab National Bank :  Established : 19 May 1894  HQ : New Delhi  MD & CEO : Atul Kumar Goel  Tagline : The Name You Can Bank Upon Ques : BOBCARD and ____ partner to launch EMI feature on UPI payments BOBCARD और _____ ने UPI भगु तान पर EMI सवु र्धा िॉन्च करने के लिए साझेदारी की (a) Rupay (b) Google pay (c) SBI card (d) Paypal (e) Mastercard Answer : Option A Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  BOBCARD Limited, a Non-Banking Financial Company (NBFC) and a wholly owned by Bank of Baroda (BoB), has partnered with RuPay to launch an Equated Monthly Installment (EMI) feature on UPI.  Equated Monthly Installment (EMI) feature on Unified Payments Interface (UPI) payments, allowing users to convert their purchases into EMIs for a more convenient payment experience.  The feature targets the festive season and aims to boost digital credit adoption, especially in Tier 2 and Tier 3 cities. About Bank of Baroda :  Established : 1908  HQ : Vadodara, Gujarat  Tagline : India’s International Bank  MD & CEO : Debadatta Chand Ques : Consider the following statement About Periodic Labour Force Survey (PLFS) : आर्धधक श्रम बि सर्ेक्षण (पीएिएफएस) के बारे में तनम्नलिखखत कथन पर वर्चार करें : (a) National Statistical Office (NSO) launched Periodic Labour Force Survey in April 2017. राष्ट्ट्रीय सांत्ययकी कायाािय (एनएसओ) ने अप्रैि 2017 में आर्धधक श्रम बि सर्ेक्षण शरू ु ककया। (b) Labour Force Participation Rate (LFPR) for persons of age 15 years and above was 60.1%. 15 र्षा और उससे अधधक आयु के व्यत्क्तयों के लिए श्रम बि भागीदारी दर (एिएफपीआर) 60.1% थी। Follow Us : Official Site Youtube WhatsApp Telegram Insta FB (c) Worker Population Ratio (WPR) for persons of age 15 years and above was 58.2%. 15 र्षा और उससे अधधक आयु के व्यत्क्तयों के लिए श्रलमक जनसंयया अनपु ात (डब्लल्यप ू ीआर) 58.2% था Which of the following statement is/are true ? तनम्नलिखखत में से कौन सा कथन सत्य है ? (a) Only a (b) Only b (c) Only b and c (d) All of a, b and c (e) None of these Answer : Option D Explanation :  Periodic Labour Force Survey (PLFS) for the period between July 2023 and June 2024, was released by the Labour Bureau. About Periodic Labour Force Survey (PLFS) :  In April 2017, the National Statistical Office (NSO) began the Periodic Labour Force Survey to improve the availability of labor force data at regular periods.  It Estimate important employment and unemployment indicators (worker population ratio, labor force participation rate, unemployment rate) for metropolitan regions in the 'Current Weekly Status' (CWS) over a three-month period. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB The survey's indicators are defined below :  Labor Force Participation Rate (LFPR): The proportion of people in the labor force (working, seeking, or looking for employment) in the population.  Unemployment Rate (UR) refers to the percentage of jobless individuals in the labor force.  Worker Population Ratio (WPR) is the percentage of employed individuals in a population.  Current Weekly Status (CWS) refers to a person's activity status for the last 7 days prior to the survey date. Recent Survey Update :  The labor force participation rate (LFPR) for individuals aged 15 and up was 60.1%. The percentages for men and women were 78.8% and 41.7%, respectively.  The unemployment rate (UR) was 3.2% for men and women aged 15 and above.  The Worker Population Ratio (WPR) for people aged 15 and up was 58.2%. The percentages for men and women were 76.3% and 40.3%, respectively.  Male unemployment rate decreased from 3.3% in July 2022 to 3.2% in July 2023 to June 2024, but female unemployment grew from 2.9% to 3.2% in the same period. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : How much lakh crore rupees were GST collected in September 2024? लसतंबर 2024 में ककतने िाख करोड़ रुपये का जीएसटी संग्रह हुआ? (a) Rs.1.43 lakh crore (b) Rs.1.80 lakh crore (c) Rs.1.73 lakh crore (d) Rs.1.54 lakh crore (e) Rs.1.86 lakh crore Answer : Option C Explanation :  GST collections in September fell to a 40-month low of 6.5%, resulting in revenues of Rs 1,73,240 crore, 1% lower than August.  The monthly average of GST revenues decreased to Rs 1.77 lakh crore in the second quarter of FY25, from Rs 1.86 lakh crore in the previous quarter. Collection of GST in September 2024 :  Gross GST Revenue : Rs 1,73,240 Crore  Central GST : Rs 31,422 Crore  State GST : Rs 39,283 crore  Integrated GST : Rs 90,594 crore  Cess : Rs 11,941 Crore GST Collection of Previous Months :  March 2024 : 1,78,4847 crore  April 2024 : 2,10,267 crore  May 2024 : 1,72,739 crore  June 2024 : 1.74 lakh crore  August 2024 : 1.75 lakh crore Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Which bank Launches Corporate Credit Card Suite for Startups to Simplify Business Expenses under New Economy Group ? ककस बैंक ने न्यू इकोनॉमी ग्रुप के तहत व्यार्सातयक खचों को सरि बनाने के लिए थटाटा अप्स के लिए कॉपोरे ट क्रेडडट काडा सट ू िॉन्च ककया है ? (a) South Indian Bank / साउथ इींडर्यन बैंक (b) Axis Bank / एक्ससस बैंक (c) Yes Bank / यस बैंक (d) HDFC Bank / एचर्ीएफसी बैंक (e) ICICI Bank / आईसीआईसीआई बैंक Answer : Option B Explanation :  Axis Bank's New Economy Group (NEG) recently launched a Corporate Credit Card Suite exclusively for start-ups.  The credit card suite promises to simplify travel, official costs, and vendor payments for entrepreneurs and start-ups. The suite has two credit cards:  Purchase Reward Credit Card: Designed for spending management, with features such as no joining fees, automated accounting, and expense tracking.  Executive Corporate Credit Card: Designed for entrepreneurs, with privileges such as increased credit limits, four free golf rounds, a lower foreign exchange markup, and exclusive insurance features. Axis Bank collaborated with the Tech Entrepreneurs Association of Mumbai (TEAM) to strengthen Mumbai's start-up environment. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Event Announcement:These initiatives were announced during Axis Bank's flagship event, Start-Up Social, which was attended by more than 200 start-up founders and ecosystem stakeholders in Mumbai. About Axis Bank :  Established : 3 December 1993  Headquarters: Mumbai, Maharashtra, India  MD & CEO: Amitabh Chaudhry  Tagline : Badhti Ka Naam Zindagi Ques : Unified Payment Interface Surpasses _______ Daily Transactions in September 2024 एकीकृत भगु तान इंटरफेस लसतंबर 2024 में _______ दै तनक िेनदे न से आगे तनकि गया (a) 500 Million (b) 650 Million (c) 700 Million (d) 550 Million (e) 400 Million Answer : Option A Explanation :  In September 2024, daily transactions using the Unified Payment Interface (UPI) reached 501 million, the most since its inception in 2016.  Volume increased by 0.5% to 15.04 billion in September 2024, from 14.96 billion in August.  In September 2024, the figure stayed stable at Rs 20.64 trillion, compared to Rs 20.61 trillion in August 2024. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB   In August 2024, daily transactions exceeded 483 million and amounted to Rs 66,475 crore. About UPI :  Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application.  It is developed by the National Payments Corporation of India (NPCI).  It was introduced in April 2016. Ques : RBI Monetary Policy Committee Reshuffles, How many new external members were appointed ? RBI मौदिक नीतत सलमतत में फेरबदि, ककतने नए बाहरी सदथयों की तनयत्ु क्त की गई? (a) 2 (b) 3 (c) 4 (d) 5 (e) 6 Answer : Option B Explanation :  The Indian government has made a significant move in monetary policy governance by appointing three new external members to the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC). Follow Us : Official Site Youtube WhatsApp Telegram Insta FB The New External Members:  Dr. Nagesh Kumar – The Director and Chief Executive of the Institute for Studies in Industrial Development, New Delhi  Ram Singh – Currently serving as the Director of Delhi School of Economics, University of Delhi  Saugata Bhattacharya – A distinguished economist known for his expertise in monetary policy Outgoing Members:  Jayanth Varma – Professor at IIM-Ahmedabad  Shashanka Bhide – Senior Adviser based in New Delhi  Ashima Goyal – Professor from Mumbai Ques : State Bank of India Chairman announces plans to expand the network by adding _____ branches in FY25 भारतीय थटे ट बैंक के अध्यक्ष ने वर्त्त र्षा 2015 में _____ शाखाएँ जोड़कर नेटर्का का वर्थतार करने की योजना की घोषणा की (a) 200 (b) 400 (c) 600 (d) 800 (e) 1000 Answer : Option C Explanation :  State Bank of India (SBI) intends to open 600 branches across the country this fiscal year in an effort to capitalize on economic prospects in growing areas such as major residential townships. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB  SBI has 22,542 branches as of March 2024. In FY24, SBI opened 137 new branches, 59 of which were in rural areas.  SBI runs 65,000 ATMs and has 85,000 business correspondents.  SBI has initiated a large-scale outreach initiative to increase deposit mobilization throughout its branch network. About State Bank of India (SBI) :  Founded – 1 July 1955  Headquarters – Mumbai, Maharashtra  Chairman – Challa Sreenivasulu Setty  Tagline – Pure Banking Nothing Else Ques : ______ collaborates with Jar to introduce Daily Savings in Digital Gold ______ ने डडत्जटि गोल्ड में दै तनक बचत शरू ु करने के लिए Jar के साथ सहयोग ककया है (a) Phonepe (b) Paytm (c) Airtel payments bank (d) BharatPe (e) None of these Answer : Option A Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  PhonePe announced a cooperation with Jar to launch a new 'Daily Savings' option on its platform for purchasing digital gold.  This enables users to save 24K digital gold with daily incremental contributions.  PhonePe's 'Daily Savings' feature seeks to assist users create regular savings habits by allowing them to save amounts ranging from Rs 10 to a maximum of Rs 5,000 per day in digital gold.  Jar's integrated 'Gold Tech' solution streamlines digital gold investments in under 45 seconds. About PhonePe :  Established : 2015  Headquarters : Bangalore, Karnataka  CEO : Sameer Nigam Ques : Which Bank provides Rs 1 billion loan to Muthoot Capital to boost e- mobility initiatives in India ? भारत में ई-मोबबलिटी पहि को बढार्ा दे ने के लिए कौन सा बैंक मथ ु ट ू कैवपटि को 1 अरब रुपये का ऋण प्रदान करता है ? (a) South Indian Bank / साउथ इींडर्यन बैंक (b) Axis Bank / एक्ससस बैंक (c) Yes Bank / यस बैंक (d) HDFC Bank / एचर्ीएफसी बैंक (e) ICICI Bank / आईसीआईसीआई बैंक Answer : Option B Explanation :  Axis Bank has granted a Rs 1 billion loan guarantee to non-bank lender Muthoot Capital to promote e-mobility in India.  The loan will allow Muthoot Capital to provide finance to rural and non- metro consumers for the purchase of electric two-wheelers.  GuarantCo, part of the Private Infrastructure Development Group (PIDG), is providing Axis Bank with a 65% on-demand credit guarantee for this transaction.  The loan is part of a larger $200 million electric vehicle (EV) framework deal between GuarantCo and Axis Bank.  The framework agreement aims to raise $300-400 million (INR equivalent) to fund India's e-mobility ecosystem.  This is the third transaction under the EV framework agreement, following a loan of Rs 2.5 billion to Vivriti Capital in December 2023. About Axis Bank :  Established : 3 December 1993  Headquarters: Mumbai, Maharashtra, India  MD & CEO: Amitabh Chaudhry  Tagline : Badhti Ka Naam Zindagi Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : ADB Approves $162 Million Loan for which state Tourism ? एडीबी ने ककस राज्य के पयाटन के लिए 162 लमलियन डॉिर के ऋण को मंजूरी दी? (a) Maharashtra / महाराष्ट्र (b) Tamil Nadu / तसमलनार्ु (c) Gujarat / गुजरात (d) Himachal Pradesh / दहमाचल प्रदे श (e) Punjab / पींजाब Answer : Option D Explanation :  ADB Approves $162 Million Loan to promote sustainable tourism development in Himachal Pradesh, focusing on upgrading heritage sites and improving tourism infrastructure  It is designed to promote heritage and cultural centers in the Mandi and Hamirpur districts.  It will also involve restoring the historic Naggar Castle in Kullu, beautifying public spaces, and constructing a convention center along with other amenities in Kangra.  Additionally, there will be improvements in wayside facilities across Kullu, Hamirpur, and Kangra. About Asian Development Bank :  Established : 19 December 1966  HQ : Manila, Philippines  Members : 68  Chief Economist : Albert Park  President : Masatsugu Asakawa Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Google and ______ Partner to Offer Gold-Backed Loans via Google Pay Google और ______ ने Google Pay के माध्यम से गोल्ड-समधथात ऋण की पेशकश करने के लिए साझेदारी की है (a) Muthoot Finance / मथ ु ट ू फाइनेंस (b) Mahindra & Mahindra Financial Services Limited / मदहींद्रा एींर् मदहींद्रा फाइनेंसशयल सर्वडसेज सलसमटे र् (c) Shriram Transport Finance Corporation Ltd. / श्रीराम पररवहन र्वत्त ननगम सलसमटे र् (d) LIC Housing Finance / एलआईसी हाउससींग फाइनेंस (e) L&T Finance Ltd / एल एींर् ट फाइनेंस सलसमटे र् Answer : Option A Explanation :  Global tech titan Google has partnered with Muthoot Finance to offer gold-backed loans through its mobile payments service, GPay.  The cooperation provides loans with low interest rates and flexible repayment choices, ensuring lender security and borrower flexibility.  These announcements were made by corporate leaders at the 10th annual 'Google for India' event.  Google's AI assistant Gemini Live will be available in Hindi, with plans to add eight additional Indian languages (Bengali, Gujarati, Kannada, Malayalam, Marathi, Telugu, Tamil, and Urdu) in the coming weeks. About Muthoot Finance :  Founded : 1939  Headquarters : Kochi, Kerala, India  Chairman : George Jacob Muthoot  MD : George Alexander Muthoot Ques : What is the Savings Deposit Rate of Interest in second quarter ? दस ू री ततमाही में बचत जमा पर ब्लयाज दर क्या है ? (a) 3% (b) 4% (c) 5% (d) 6% (e) 7% Answer : Option B Explanation :  The government has announced that interest rates on various small savings schemes, including the Public Provident Fund (PPF) and National Savings Certificate (NSC), will remain unchanged for the third consecutive quarter, starting from October 1, 2024, to December 31, 2024.  According to a finance ministry notification, the rates for this quarter will match those from the previous quarter (July 1, 2024, to September 30, 2024). Interest Rates on Small Savings Schemes for Q2FY25 :  Savings Deposit : 4.0%  1-Year Post Office Time Deposits(POTD) : 6.9%  2-Year Post Office Time Deposits(POTD) : 7.0%  3-Year Post Office Time Deposits(POTD) : 7.1%  5-Year Post Office Time Deposits(POTD) : 7.5%  5-Year Post Office Recurring Deposits(PORD) : 6.7%  Kisan Vikas Patra (KVP) : 7.5% (will mature in 115 months)  Public Provident Fund (PPF) : 7.1%  Sukanya Samriddhi Yojana (SSY) : 8.2%  National Savings Certificate (NSC) : 7.7%  Senior Citizens’ Savings Scheme(SCSS) : 8.2%  Monthly Income Scheme(MIS) : 7.4% Ques : Consider the following statement About Precursor to Census 2024: The Fine Prints of a Rapidly Changing Nation Report : 2024 की जनगणना के अग्रदत ू के बारे में तनम्नलिखखत कथन पर वर्चार करें : तेजी से बदिते राष्ट्ट्र ररपोटा के बदढया वप्रंट: (a) It is Published by State Bank of India (SBI)’s Economic Research Department (ERD) यह भारतीय थटे ट बैंक (एसबीआई) के आधथाक अनस ु ंधान वर्भाग (ईआरडी) द्र्ारा प्रकालशत ककया गया है (b) The average annual exponential growth of India’s population is on a Upward trajectory भारत की जनसंयया की औसत र्ावषाक घातीय र्वृ ि ऊपर की ओर है (c) India’s population in the range of 138 to 142 crore in 2024 2024 में भारत की जनसंयया 138 से 142 करोड़ के बीच होगी Which of the following Statement is/are True ? तनम्नलिखखत में से कौन सा कथन सत्य है ? (a) Only a and b (b) Only a and c (c) Only b and c (d) Only a (e) Only c Answer : Option B Explanation :  Precursor to Census 2024: The Fine Prints of a Rapidly Changing Nation Published by State Bank of India (SBI)’s Economic Research Department (ERD)  India's population growth rate is forecast to slow from 2.20% in 1971 to 1% in 2024, with a projected population of 138 to 142 crore.   According to the report, India's median age is expected to rise from 24 in 2021 to 28-29 in 2023/24.  According to the report, India's working-age population has grown since 1971 and is expected to reach 64.4% in the upcoming 2024 Census.  The working-age population of 15-29 years has climbed from 55.4% in 1991 to 56.9% in 2001, and is expected to reach 60.7% by 2021, according to the research.  In 2024, the estimated proportion of children aged 0-14 years is 24.3%.  Kerala has the highest proportion of senior persons (16.5%), followed by Tamil Nadu (13.6%), Himachal Pradesh (13.1%), Punjab (12.6%), and Andhra Pradesh (12.4%) in 2021. Ques : Who organized a day-long conference for the Directors of Small Finance Banks, SFBs in Bengaluru ? बेंगिरु ु में िघु वर्त्त बैंकों, एसएफबी के तनदे शकों के लिए एक ददर्सीय सम्मेिन का आयोजन ककसने ककया? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  The Reserve Bank of India held a one-day symposium in Bengaluru for directors of Small Finance Banks (SFBs).  The conference theme was 'Governance in SFBs - Driving Sustainable Growth and Stability'.  RBI Deputy Governor Mr. Swaminathan J. delivered the keynote lecture, encouraging the Directors to be watchful and proactive in recognizing and reducing emerging risks.  He emphasized the importance of improving cybersecurity and focusing more on financial inclusion, customer service, and grievance redressal. He also emphasized the necessity of sustainable business approaches. Ques : India’s Forex Reserves Surpass _________Milestone for the First Time भारत का वर्दे शी मि ु ा भंडार पहिी बार _____ के मीि के पत्थर को पार कर गया (a) $500 Billion (b) $600 Billion (c) $700 Billion (d) $800 Billion (e) $900 Billion Answer : Option C Explanation :  India's foreign exchange reserves surpassed $700 billion for the first time, reaching $704.89 billion in the week of September 27, 2024. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB   Foreign currency assets (FCAs) increased by $10.4 billion to $616 billion, while gold reserves increased by $2 billion to $65.7 billion, resulting in a record increase of $12.58 billion.  India has reached $700 billion in foreign reserves, joining China, Japan, and Switzerland as the only economies to do so.  India's reserves are expected to increase to $745 billion by March 2026.  Gold Reserves is Increased by $2.184 billion to $65.796 billion.  Special Drawing Rights (SDRs) are Up by $8 million to $18.547 billion.  IMF Reserve Position is decreased by $71 million to $4.387 billion. Ques : Who launches platform enabling global banks to issue stablecoins and digital tokens ? र्ैत्श्र्क बैंकों को थटे बिकॉइन्स और डडत्जटि टोकन जारी करने में सक्षम बनाने र्ािा प्िेटफॉमा ककसने िॉन्च ककया? (a) Phonepe (b) Paytm (c) Visa (d) BharatPe (e) None of these Answer : Option C Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  Visa has announced the Visa Tokenized Asset technology (VTAP), a technology designed to assist global institutions in issuing stablecoins and fiat-backed tokens.  It will allow banks to create, burn, and transfer these tokens while utilizing blockchain technology.  VTAP is set to launch in 2025 and seeks to let banks use blockchain technology for stablecoin issuance and token administration.  Stablecoins, which are often tied to stable assets such as the US dollar, have gained popularity because they serve as a bridge between traditional finance and cryptocurrencies, with lower price volatility than other cryptocurrencies such as Bitcoin or Ether.  Other financial technology businesses, like as PayPal (with PYUSD) and Stripe, have already entered the stablecoin market, enabling merchants to accept stablecoin payments for online transactions. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Insolvency and Bankruptcy Board of India (IBBI) established in which year ? भारतीय ददर्ािा और ददर्ालियापन बोडा (IBBI) की थथापना ककस र्षा में हुई? (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 Answer : Option C Explanation :  The Insolvency and Bankruptcy Board of India (IBBI) celebrated its 8th Annual Day on October 1, 2024. To commemorate the occasion, the annual publication "IBC के आठवर्ड: शोध एवीं ववश्लेर्"ड was released.  Over the last eight years, the IBC has hastened insolvency resolution, increased investor and stakeholder confidence, and created a more favorable environment for company growth.  The Code's ability to transfer ownership of corporate debtors has had a considerable impact on debtor behavior.  The possibility of ownership transfer motivates careful management and discourages insolvency-triggering behaviors. About Insolvency and Bankruptcy Board of India (IBBI) :  Established : 1st October 2016 under the Insolvency and Bankruptcy Code (IBC), 2016  Chairperson of IBBI : Ravi Mittal  The IBC consolidates and updates insolvency legislation for individuals, partnerships, and corporations within a timely manner. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Life Insurance Corporation increases stake in Pune-based Bank of Maharashtra from 4.05% to ______ जीर्न बीमा तनगम ने पण ु े त्थथत बैंक ऑफ महाराष्ट्ट्र में दहथसेदारी 4.05% से बढाकर ____ कर दी (a) 5.10% (b) 6.10% (c) 7.10% (d) 7.30% (e) 7.50% Answer : Option C Explanation :  The State-owned Life Insurance Corporation (LIC) boosted its shareholding in Bank of Maharashtra (BoM) from 4.05% to 7.10%.  The stake increase followed the bank's Qualified Institutional Placement (QIP) process.  LIC gained 3.376% more equity by receiving 259.6 million shares at an average cost of Rs.57.36 per share.  The Bank of Maharashtra raised Rs.3,500 crore through the QIP process. About LIC :  Founded : 1 September 1956  HQ : Mumbai, Maharashtra, India  Chairman : Siddharth Mohanty About BoM :  Founded ; 16 September 1935  HQ : Pune, Maharashtra, India  MD & CEO : Nidhu Saxena  Tagline : One Family One Bank Ques : Which bank to Divest Oman Operations to Bank Dhofar as Part of Rationalization Plan ? यत्ु क्तकरण योजना के भाग के रूप में कौन सा बैंक ओमान पररचािन को बैंक ढोफर को वर्तनर्ेश करे गा? (a) HDFC Bank / एचर्ीएफसी बैंक (b) Karnataka Bank / कनाडटक बैंक (c) Bank of baroda / बैंक ऑफ बड़ौदा (d) Canara Bank / केनरा बैंक (e) None of these / इनमें से कोई नह ीं Answer : Option C Explanation :  State-owned Bank of Baroda (BoB) has announced its decision to sell its Oman operations to Bank Dhofar as part of a broader strategy to rationalize its foreign business footprint.  BoB's Oman activities generate a total of 113.35 million Omani Rials in revenue, with a net worth of 25.54 million Omani Rials.  BoB is rationalizing its foreign operations based on a comprehensive evaluation framework. About BoB :  Founded : 20 July 1908  Headquarters : Vadodara, Gujarat, India  MD & CEO : Debadatta Chand  Tagline : India's International Bank Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : _____ has announced changes to the Unified Payments Interface (UPI) Autopay framework with immediate effect. ____ ने घोषणा की है यतू नफाइड पेमेंट्स इंटरफेस (UPI) ऑटोपे रेमर्का में बदिार् तत्काि प्रभार्। (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) NPCI / एनपीसीआई Answer : Option E Explanation :  The NPCI has updated the Unified Payments Interface (UPI) Autopay framework with immediate effect.  Auto-replenishment of the National Electronic Toll Collection (NETC) FASTag and RuPay National Common Mobility Card (NCMC) will no longer require 24-hour pre-debit notification.  Customers can select a threshold for auto-replenishment, providing greater flexibility. About National Payments Corporation of India (NPCI) :  Established : 2008  HQ : Mumbai, Maharashtra  CEO & MD : Dilip Asbe  Non Executive Chairman : Ajay Kumar Choudhary Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Aviral Jain has been appointed as the Executive Director of which of the following organizations in October 2024? अक्टूबर 2024 में अवर्रि जैन को तनम्नलिखखत में से ककस संगठन का कायाकारी तनदे श क तनयक् ु त ककया गया है ? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India (RBI) has nominated Aviral Jain as Executive Director (ED).  Prior to his promotion to ED, Jain was the Regional Director for Maharashtra.  As Executive Director, he will oversee the Legal Department, the Premises Department, and the Right to Information Act (First Appellate Authority).  The new executive director has over three decades of experience in supervision, currency management, foreign exchange regulation, and human resource management. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : In October 2024, which general insurance company launched OneProtect, a personal accident insurance product that features over 20 customizable add-ons to cater to adventurous activities? अक्टूबर 2024 में , ककस सामान्य बीमा कंपनी ने र्नप्रोटे क्ट िॉन्च ककया, जो एक व्य त्क्तगत दघ ु ट ा ना बीमा उत्पाद है , त्जसमें साहलसक गततवर्धधयों को परू ा करने के लिए 20 से अधधक अनक ु ू िन योग्य ऐड–ऑन हैं? (a) Bajaj Allianz General Insurance / बजाज आसलयाींज जनरल इींश्योरें स (b) ICICI Prudential Life Insurance / आईसीआईसीआई प्रर् ू ेंसशयल लाइफ इींश्योरें स (c) Kotak Mahindra Life Insurance / कोटक मदहींद्रा लाइफ इींश्योरें स (d) Go Digit General Insurance / गो डर्क्जट जनरल इींश्योरें स (e) Magma HDI General Insurance / मैग्मा एचर्ीआई सामान्य बीमा Answer : Option E Explanation :  Magma HDI, India's leading general insurance provider, has launched OneProtect, a modern personal accident insurance policy.  With over 20 adjustable add-ons tailored to today's lifestyle requirements, OneProtect is the perfect companion for everyone, including thrill-seekers and explorers.  Trekking, paragliding, and scuba diving have become popular vacation options for Indians as adventure travel grows in popularity. OneProtect gives adventurers the confidence to pursue their passions by safeguarding them from a variety of high-risk activities.  Another remarkable aspect of OneProtect is its 200% coverage for accidental death while traveling on common carriers such as railroads, etc. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Which bank join hands with Bhashini to boost Chatbot Feddy with Vernacular Language Support ? र्नााक्यि ु र िैंग्र्ेज सपोटा के साथ चैटबॉट फेड्डी को बढार्ा दे ने के लिए ककस बैंक ने भावषनी के साथ हाथ लमिाया है ? (a) Federal Bank / फेर्रल बैंक (b) Axis Bank / एक्ससस बैंक (c) IndusInd Bank / इींर्सइींर् बैंक (d) HDFC Bank / एचर्ीएफसी बैंक (e) Kotak Mahindra Bank / कोटक मदहींद्रा बैंक Answer : Option A Explanation :  Federal Bank, a well-known private sector bank in India, has signed an MoU with Bhashini, an AI-Powered Language Translation Platform, to add vernacular language support to its AI Virtual Assistant, Feddy.  This relationship developed from the Reserve Bank Innovation Hub's (RBIH) local language initiative to promote banking in vernacular languages.  It has significantly enhanced Feddy's capabilities, making it more accessible to a wider range of clients in India.  Feddy, Federal Bank's AI-powered chatbot, is already a popular tool among consumers seeking quick and easy banking services.  With Bhashini's language translation capabilities, Feddy can now respond to customer queries in 14 Indian languages, including Hindi, Bengali, Tamil, Telugu, Marathi, Gujarati, Kannada, Malayalam, Odia, Assamese, Punjabi, Urdu, Manipuri, and Bodo. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB About Federal Bank :  Established : 1931  HQ : Kochi, Kerala  MD & CEO : Shyam Srinivasan  Tagline Your Perfect Banking Partner Ques : ____ and Maldives Monetary Authority Sign $400 Million Currency Swap Agreement _____ और मािदीर् मौदिक प्राधधकरण ने $400 लमलियन मि ु ा वर्तनमय समझौते पर हथताक्षर ककए (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India (RBI) and Maldives Monetary Authority (MMA) inked a currency exchange agreement under the SAARC Currency exchange Framework for 2024-2027.  The Maldives can access up to $400 million via the US Dollar/Euro Swap Window and Rs 30 billion under the Indian Rupee (INR) Swap Window, according to this arrangement. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB   The Maldives will benefit from short-term foreign exchange liquidity until June 18, 2027, especially during times of balance of payments difficulty.  Since its inception in 2012, the SAARC Currency Swap Framework has helped member nations deal with temporary economic constraints. Ques : UPI Transactions Surge _____ to 78.97 Billion in first half of 2024 ? 2024 की पहिी छमाही में UPI िेनदे न ______ बढकर 78.97 बबलियन हो गया? (a) 50% (b) 52% (c) 54% (d) 56% (e) 58% Answer : Option B Explanation :  In the first half of 2024, UPI transaction volumes increased by 52% year on year to 78.97 billion, providing a significant boost to India's digital payment sector.  According to Worldline's India Digital Payments Report, UPI's value increased by 40% from Rs.83.16 trillion to Rs.116.63 trillion between January 2023 and June 2024.  UPI transaction volume increased from 51.9 billion in 2023 to 78.97 billion in H1 2024. The value also increased from Rs.12.98 trillion to Rs.20.07 trillion.  Despite this, the average ticket size (ATS) dropped from Rs.1,603 to Rs.1,478. Ques : Who Introduces Increased Limits for UPI123 and UPI Lite Transactions ? UPI123 और UPI िाइट िेनदे न के लिए बढी हुई सीमाएं ककसने पेश की? (a) NABARD / नाबार्र् (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India (RBI) enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products. Enhanced Transaction Limits :  UPI123Pay New per-transaction limit Rs.10,000 (increased from Rs.5,000)  UPI Lite Overall wallet limit Rs.5,000 (increased from Rs.2,000)  UPI Lite Per-transaction limit Rs.1,000 (increased from Rs.500) Ques : SLCM Collaborates with _______ and Bandhan Bank to Provide Management Solutions एसएिसीएम प्रबंधन समाधान प्रदान करने के लिए ________ और बंधन बैंक के साथ सहयोग करता है (a) South Indian Bank / साउथ इींडर्यन बैंक (b) Axis Bank / एक्ससस बैंक (c) Indian Bank / इींडर्यन बैंक (d) Punjab National Bank / पींजाब नेशनल बैंक (e) Karur Vyasya Bank / करूर व्यास बैंक Answer : Option D Explanation :  Sohan Lal Commodity Management (SLCM) has teamed with Punjab National Bank (PNB) and Bandhan Bank to offer 'Unified Collateral Management Solutions'.  The cooperation intends to provide competitive post-harvest finance to farmers and agricultural stakeholders across the country.  SLCM will use its own technology platform, 'Agri Reach', to improve the efficiency of both banks' post-harvest credit and storage services.  'Agri Reach' has been recognized for lowering post-harvest losses from 10% to 0.5%.  SLCM is considered a market leader in post-harvest logistics and agri- solutions. Sandeep Sabharwal, Group CEO of SLCM. About PNB :  Founded : 19 May 1894  Headquarters : Dwarka, Delhi, India  MD & CEO : Atul Kumar Goel  Tagline : You Can Bank Upon About Bandhan Bank :  Founded : 2015  Headquarters : Kolkata, West Bengal, India  MD & CEO : Ratan Kumar Kesh Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Indian Navy Partners with which insurance company for Naval Civilians’ Insurance Coverage ? भारतीय नौसेना ने नौसेना नागररकों के बीमा कर्रे ज के लिए ककस बीमा कंपनी के साथ साझेदारी की है ? (a) Bajaj Allianz General Insurance / बजाज आसलयाींज जनरल इींश्योरें स (b) ICICI Prudential Life Insurance / आईसीआईसीआई प्रर् ू ेंसशयल लाइफ इींश्योरें स (c) Kotak Mahindra Life Insurance / कोटक मदहींद्रा लाइफ इींश्योरें स (d) Go Digit General Insurance / गो डर्क्जट जनरल इींश्योरें स (e) Universal Sompo General Insurance / यनू नवसडल सोम्पो जनरल इींश्योरें स Answer : Option A Explanation :  The Indian Navy has inked an MoU with Bajaj Allianz Life Insurance.  This effort is a prominent highlight of 2024, designated as the "Year of Naval Citizens."  The arrangement with Bajaj Allianz offers reasonable pricing for voluntary life insurance for Naval Civilians. About Bajaj Allianz :  Established : 2001  HQ : Pune, Maharashtra  CEO : Tapan Singhel Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : The World Bank upped India’s economic growth forecast for the current fiscal year, ending in March 2025, to how much per cent ? वर्श्र् बैंक ने माचा 2025 में समाप्त होने र्ािे चािू वर्त्त र्षा के लिए भारत की आधथाक र्वृ ि का अनम ु ान बढाकर ककतना प्रततशत कर ददया है (a) 6.7% (b) 6.8% (c) 6.9% (d) 7% (e) 7.2% Answer : Option D Explanation :  The World Bank raised India's economic growth forecast for the current fiscal year, which ends in March 2025, to 7% year on year, up from 6.6% in April, citing a rebound in agricultural output and higher private spending.  The RBI's rate-setting panel kept the actual Gross Domestic Product (GDP) prediction at 7.2% for FY25.  With this, the RBI has set the growth rate for Q2 at 7% (down from 7.2%), Q3 at 7.4% (up from 7.3%), and Q4 at 7.4%. The Q1 FY26 growth rate was maintained at 7.3%. Updated GDP List :  World Bank – 7% (FY25)  Moody’s – 7.1% (CY24), 6.5% (CY25)  Moody Ratings – 2% (CY24), 6.6% (CY25)  ADB – 7% (FY24), 7.2%(FY25)  S&P – 6.8% (FY25), 6.9% (FY26), 7% (FY27)  Goldman Sachs – 6.7% (CY24), 6.4% (CY24)  SBI – 7%  Deloitte – 7 – 7.2% (FY25)  India Ratings – 7.5% (FY25)  FICCI – 7% (FY25) Ques : Citigroup and _______ collaborate to facilitate cross-border debit card transactions. लसटीग्रप ु और ______ सीमा पार डेबबट काडा िेनदे न की सवु र्धा के लिए सहयोग करते हैं (a) Rupay (b) Google pay (c) SBI card (d) Paypal (e) Mastercard Answer : Option E Explanation :  Mastercard and Citigroup have collaborated to enable 24/7 cross-border payments using debit cards, broadening payment alternatives for consumers and businesses worldwide.  Citigroup is the first global bank to launch the Mastercard Move service, which enables users to do a variety of transactions such as insurance reimbursements, airline refunds, and e-commerce payments.  The collaboration intends to provide a seamless payment experience, allowing clients to conduct cross-border transactions without regard for borders, currencies, or limits.  Mastercard previously worked with Alipay in China to facilitate money transfers to digital wallets, and Visa has partnered with Western Union to enable money transfers to qualifying Visa cards and bank accounts in over 40 countries.  As of June 30, 2024, Mastercard had issued over 4 billion debit, prepaid, and credit cards worldwide, demonstrating its vast presence in the payments industry. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB About Mastercard :  Founded : 1966  Headquarters : New York, United States  CEO : Michael Miebach About Citigroup :  Founded : October 8, 1998  Headquarters : New York  Chairman : John C. Dugan  CEO : Jane Fraser Ques : Which Panel Considers Introducing New Category of Commodity Funds ? कौन सा पैनि कमोडडटी फंड की नई श्रेणी शरू ु करने पर वर्चार कर रहा है ? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option D Explanation :  The Securities and Exchange Board of India (SEBI) is considering permitting mutual funds (MFs) to start a new type of actively managed commodity fund that invests solely in exchange-traded commodity derivatives (ETCDs). Follow Us : Official Site Youtube WhatsApp Telegram Insta FB About exchange-traded commodity derivatives (ETCDs) :  In 2019, SEBI allowed mutual funds to invest in ETCDs, which are standardised agreements exchanged on regulated exchanges.  The exposure to ETCDs in multi-asset schemes is limited to 30% of the net asset value, whereas other hybrid schemes have a 10% maximum.  MF investment in ETCDs is estimated to be less than Rs.10,000 crore, with investments currently permissible through gold and silver ETFs backed by physical commodities.  Certain commodities have little liquidity, which is a significant challenge. More liquid commodities include gold, silver, castor oil, aluminum, copper, and zinc.  Current regulations compel mutual funds to dispose of the underlying goods by the contract series' next expiry date, or within 30 days of holding them. Ques : Which bank launches new loan centres across India, introduces heritage-themed ATM in Chennai ? ककस बैंक ने परू े भारत में नए ऋण केंि िॉन्च ककए, चेन्नई में वर्रासत-थीम र्ािे एटीएम की शरु ु आत की? (a) J&K Bank / जे एींर् के बैंक (b) Indian Overseas Bank / इींडर्यन ओवरसीज बैंक (c) Union Bank of India / यनू नयन बैंक ऑफ इींडर्या (d) Karnataka Bank / कनाडटक बैंक (e) Central Bank of India / सेंरल बैंक ऑफ इींडर्या Answer : Option B Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  Indian Overseas Bank (IOB), a public-sector lender, has launched eight new Retail Loan Processing Centres (RLPCs) across India.  One physical RLPC is located in Chennai, and seven more have been opened virtually in major cities. The initiative aims to enhance customer experience and improve service delivery for retail customers.  The new RLPCs are located in Bangalore, Coimbatore, Delhi, Hyderabad, Kolkata, Lucknow, and Mumbai.  In addition, IOB opened a heritage-themed ATM in Chennai's Puratchi Thalaivar Dr. MGR Central Railway Station.  The ATM is built to imitate the original Victorian-era redbrick station architecture, providing as a monument to the legacy of the Central Railway Station. About IOB :  Founded : 10 February 1937  Headquarters : Chennai, Tamil Nadu, India  MD & CEO : Ajay Kumar Srivastava  Tagline : Good People to Grow With Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Which insurance company reduces maximum age limit for new endowment plan to 50 years from 55 years ? कौन सी बीमा कंपनी नई बंदोबथती योजना के लिए अधधकतम आयु सीमा 55 र्षा से घटाकर 50 र्षा कर दे ती है ? (a) Life Insurance Corporation of India / भारतीय जीवन बीमा ननगम (b) Bharti AXA Insurance / भारती एससा इींश्योरें स (c) SBI Life Insurance / एसबीआई लाइफ इींश्योरें स (d) Max Life Insurance / मैसस लाइफ इींश्योरें स (e) Edelweiss Insurance / एर्लवाइस इींश्योरें स Answer : Option A Explanation :  The Life Insurance Corporation of India (LIC) has cut the maximum age for purchasing the new endowment plan from 55 to 50 years, beginning October 1, 2024.  The redesigned product is the 'LIC New Endowment Plan-914', a participating endowment plan that provides both protection and savings.  The scheme requires a minimum entry age of eight years. It offers both death and maturity benefits.  An endowment plan combines life coverage and maturity benefits. A lump sum payment to the nominee upon the policyholder's death whereas A fixed payout at maturity.  The sum assured for the New Endowment Plan, New Jeevan Anand, and Jeevan Lakshya has increased to Rs 2 lakh from Rs 1 lakh. About LIC :  Founded : 1 September 1956  Headquarters : Mumbai, Maharashtra, India  Chairman : Siddharth Mohanty Ques : State Bank of India Extends Amrit Kalash and Amrit Vrishti Fixed Deposit Schemes to ______. भारतीय थटे ट बैंक ने अमत ृ किश और अमत ृ र्त्ृ ष्ट्ट सार्धध जमा योजनाओं को ______ तक वर्थताररत ककया है। (a) 2025 (b) 2026 (c) 2027 (d) 2028 (e) 2029 Answer : option A Explanation :  The State Bank of India (SBI) has extended the Amrit Kalash and Amrit Vrishti fixed deposit schemes till March 31, 2025.  Originally scheduled to expire on September 30, 2024, the extension offers higher interest rates to depositors. SBI Amrit Kalash Scheme :  The Amrit Kalash scheme provides a fixed deposit with a duration of 400 days. Interest rate :  10% annually for regular clients.  60% per year for older adults (greater than the average rate of 6.80% for comparable tenures). Follow Us : Official Site Youtube WhatsApp Telegram Insta FB SBI Amrit Vrishti FD Scheme :  Launched on July 15, 2024, for a duration of 444 days. Interest rate :  25% for regular clients.  75 %for senior citizens. Ques : Annual retail inflation, based on the All India Consumer Price Index (CPI), rose to ______ in September र्ावषाक खुदरा मिु ाथफीतत, अखखि भारतीय उपभोक्ता मल् ू य सच ू कांक पर आधाररत (सीपीआई), लसतंबर में बढकर ______ हो गई (a) 5.49% (b) 5.45% (c) 5.40% (d) 6.49% (e) 6.50% Answer : Option A Expalnation :  India's retail inflation reached a nine-month high in September due to rising food costs, according to government data.  In September, annual retail inflation based on the All India Consumer Price Index (CPI) reached 5.49%, up from 3.65% in August.  Retail inflation has reached its highest pace since December 2023 (5.69%). Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Month-wise list of retail inflation :  March 2024 : 4.85%  April 2024 : 4.83%  May 2024 : 4.75%  June 2024 : 5.08%  July 2024 : 3.54%  August 2024 : 3.65% Ques : India’s wholesale price inflation (WPI) increased to _____ in September 2024. भारत की थोक मल् ू य मुिाथफीतत (WPI) लसतंबर 2024 में बढकर ______ हो गई (a) 1.84% (b) 1.64% (c) 1.24% (d) 2.54% (e) 2.84% Answer : Option A Explanation :  The Ministry of Commerce and Industry reported that India's wholesale price inflation (WPI) climbed to 1.84% in September 2024, up from 1.31% in August. The increase was primarily due to a substantial jump in food costs.  Food price inflation increased to 11.53% from 3.11% in August, reaching a 2-year high. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Recent WPI-based Retail inflation in India :  March 2024 : 0.53%  April 2024 : 1.26%  May 2024 : 2.6%  June 2024 : 3.36%  July 2024 : 2.04%  August 2024 : 1.31% Ques : Who mandated credit institutions (CIs) to provide credit information of onboarded borrowers to credit information companies (CICs) Before License Cancellation or Loan Cycle Completion ? िाइसेंस रद्द करने या ऋण चक्र परू ा होने से पहिे क्रेडडट सच ू ना कंपतनयों (सीआईसी) को ऑनबोडा उधारकतााओं की क्रेडडट जानकारी प्रदान करने के लिए क्रेडडट संथथानों (सीआई) को ककसने आदे श ददया था? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation : The Reserve Bank of India (RBI) previously ordered credit institutions (CIs) to transmit credit information of onboarded borrowers to credit information companies (CICs) :  Their license was cancelled.  The end of operations.  The borrower's loan cycle ends, whichever comes first.  Entities whose licenses or Certificates of Registration (CoR) have been revoked by the RBI are not classified as CIs under the Credit Information Companies (Regulation) Act, 2005.  Due to present regulations, borrowers' repayment histories from these businesses are not updated, even if they continue to repay or discharge their debts, which might have a negative impact on their creditworthiness.  CICs are required to classify these entities as "Licence Cancelled Entities" in their Credit Information Reports (CIR).  The circular will be implemented within six months from the date of issuance, affecting entities whose licenses have been canceled before the circular's issuance. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Which bank unveils 'Masterstroke Savings Account' for premium customers ? ककस बैंक ने प्रीलमयम ग्राहकों के लिए 'माथटरथट्रोक बचत खाता' का अनार्रण ककया? (a) HDFC Bank / एचर्ीएफसी बैंक (b) Karnataka Bank / कनाडटक बैंक (c) Bank of baroda / बैंक ऑफ बड़ौदा (d) Canara Bank / केनरा बैंक (e) None of these / इनमें से कोई नह ीं Answer : Option C Explanation :  Bank of Baroda (BoB) has launched the 'bob Masterstroke Savings Account' for high-end customers.  The quarterly average balance requirement is Rs.10 lakh. Higher interest rates on funds held using the Flexi Fixed Deposit option.  It offers Exclusive Bob World Opulence Visa Infinite Debit Card (Metal Edition). Lifetime free Eterna Credit Card (subject to eligibility).  Cricket legend Sachin Tendulkar has been named BoB's worldwide brand ambassador. About BoB :  Founded: July 20, 1908, by Sir Maharaja Sayajirao Gaekwad III.  Headquarters : Vadodara, Gujarat, India  MD & CEO : Debadatta Chand  Tagline : India's International Bank Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Navi Achieves ____ Spot in UPI Rankings for Second Time. नर्ी ने दस ू ीआई रैंककंग में _____ थथान हालसि ककया. ू री बार यप (a) 1st (b) 2nd (c) 3rd (d) 4th (e) 5th Answer : option E Explanation :  Navi, co-founded by Sachin Bansal, has become India's fifth-largest Unified Payments Interface (UPI) operator.  In September, the business processed 120.41 million transactions totaling Rs 6,549.1 crore.  In August, the Bengaluru-based startup exceeded Amazon Pay's UPI volumes by just under 20 million transactions. Cred, the fourth-largest participant, handled 140 million transactions last month.  PhonePe is the leading participant in UPI, doing 7.22 billion transactions valued at Rs 10.3 trillion.  It was followed by Google Pay, which completed 5.62 billion transactions worth Rs 7.46 trillion. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : International Finance Corporation grants $500 million loan to which Bank to support green projects in India ? अंतरााष्ट्ट्रीय वर्त्त तनगम ने भारत में हररत पररयोजनाओं का समथान करने के लिए ककस बैंक को $500 लमलियन का ऋण ददया है ? (a) South Indian Bank / साउथ इींडर्यन बैंक (b) Axis Bank / एक्ससस बैंक (c) Indian Bank / इींडर्यन बैंक (d) Punjab National Bank / पींजाब नेशनल बैंक (e) Karur Vyasya Bank / करूर व्यास बैंक Answer : Option B Explanation :  The International Finance Corporation (IFC), part of the World Bank Group, has teamed with Axis Bank to deliver a $500 million loan (approx. Rs.4,200 crore).  The loan's goal is to establish a blue finance market and increase funding for green initiatives in India.  This is the IFC's first blue investment in India, as well as the first blue transaction by a financial institution in the country.  Blue loans are financing vehicles that raise and allocate cash for projects in water and wastewater management, marine plastic pollution reduction, marine ecosystem restoration, sustainable shipping, environmentally friendly tourism, and offshore renewable energy.  India's water and wastewater treatment market was valued at $1.6 billion in 2022, with expectations to reach $3 billion by 2029. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB About IFC :  Established : July 20, 1956  Headquarters : Washington, D.C., United States  Managing Director : Makhtar Diop About Axis Bank :  Established : 3 December 1993  Headquarters: Mumbai, Maharashtra, India  MD & CEO: Amitabh Chaudhry  Tagline : Badhti Ka Naam Zindagi Ques : Who proposes to create a data repository namely, Climate Risk Information System (CRIS) ? जिर्ायु जोखखम सच ू ना प्रणािी (CRIS) नामक डेटा भंडार बनाने का प्रथतार् कौन रखता है ? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India plans to develop a data repository called the Reserve Bank Climate Risk Information System (RB-CRIS).  It will consist of two parts : The RBI website will host a web-based directory of data sources, including meteorological and geospatial information, for public access.   The second phase will be a data portal with processed datasets in standard formats.  The RBI wants to implement RB-CRIS in stages, beginning with the web- based directory and gradually introducing the data portal for regulated firms to guarantee smooth adoption.  Regulated entities must conduct climate risk assessments to ensure stability of their balance sheets and the financial system.  Earlier RBI had issued draft guidelines for a 'Disclosure Framework on Climate-Related Financial Risks,' requiring regulated entities (REs) to disclose information across. Ques : Who launches new Technology Hub in Pune to enhance growth and innovation ? वर्कास और नर्ाचार को बढाने के लिए पण ु े में नया टे क्नोिॉजी हब ककसने िॉन्च ककया? (a) Rupay (b) Google pay (c) SBI card (d) Paypal (e) Mastercard Answer : Option E Explanation :  Mastercard established a cutting-edge Tech Hub in Pune, Maharashtra, India to promote growth and innovation inside the organization.  Bluegrass Business Park in Yerwada, Pune houses the new campus, which spans over 500,000 square meters. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB   This facility is part of Mastercard's worldwide Tech Hub ecosystem, which has seven locations: Arlington, Dublin, New York, Pune, St. Louis, Sydney, and Vancouver.  Since 2014, the Pune Tech Hub has expanded from a modest workforce, demonstrating Mastercard's commitment to investing in the local economy and talent. About Mastercard :  Established : 1966  HQ : New York, U.S.  CEO : Michael Miebach Ques : Tata Digital partners with which insurance company to introduce life insurance products on Tata Neu ? टाटा डडत्जटि ने टाटा न्यू पर जीर्न बीमा उत्पाद पेश करने के लिए ककस बीमा कंपनी के साथ साझेदारी की है? (a) Kotak Mahindra Life Insurance / कोटक मदहींद्रा लाइफ इींश्योरें स (b) Tata AIA Life Insurance / टाटा एआईए लाइफ इींश्योरें स (c) Bajaj Allianz General Insurance / बजाज आसलयाींज जनरल इींश्योरें स (d) Bharti AXA General Insurance / भारती एससा जनरल इींश्योरें स (e) Life Insurance Corporation of India / भारतीय जीवन बीमा ननगम Answer : Option B Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  Tata Digital has partnered with Tata AIA Life Insurance to offer life insurance products on the Tata Neu platform.  The launch comes after the success of the co-branded credit card with HDFC Bank.  Tata Digital generated Rs 25 crore in yearly new premium during the first 90 days of its introduction.  Customers that buy insurance products receive NeuCoins, which can be redeemed throughout the Tata network.  Available options include term life insurance (Maha Raksha Supreme Select, with a pre-approved sum assured of up to Rs 2 crore) and wealth development plans with access to Tata AIA equity funds. About Tata AIA Life Insurance :  Founded : 1 April 2001  Headquarters : Mumbai, Maharashtra, India  CEO : Naveen Tahilyani  It is an Indian joint venture life insurance company, formed by Tata Sons and AIA Group (AIA) Ques : Aditya Birla Housing Finance partners _______ to revolutionise secured lending सरु क्षक्षत ऋण दे ने में क्रांतत िाने के लिए आददत्य बबड़िा हाउलसंग फाइनेंस ने ______ के साथ साझेदारी की (a) Phonepe (b) Paytm (c) Airtel payments bank (d) BharatPe (e) None of these Answer : Option D Explanation :  Aditya Birla Housing Finance (ABHFL), a wholly-owned subsidiary of Aditya Birla Capital Ltd, has formed a strategic agreement with BharatPe, a fintech startup, to improve access to house loans and loans against property for the latter's merchant partners.  ABHFL is the first housing finance provider to join with BharatPe, providing streamlined access to secured loans using modern digital technologies that dramatically improve the user experience.  This agreement enables ABHFL to provide Home Loans (HL) and Loans Against Property (LAP) to over 1.3 crore BharatPe merchants in 450+ cities.  MD & CEO of ABHFL – Pankaj Gadgil Ques : NPCI Bharat BillPay Limited (NBBL) partners with _______ to introduces national pension system on the Bharat Connect platform. एनपीसीआई भारत बबिपे लिलमटे ड (एनबीबीएि) ने भारत कनेक्ट प्िेटफॉमा पर राष्ट्ट्रीय पें शन प्रणािी शरू ु करने के लिए _______ के साथ साझेदारी की है । (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) PFRDA / पीएफआरर्ीए (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option C Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  NBBL has worked with the Pension Fund Regulatory and Development Authority (PFRDA) to add the National Pension System (NPS) as a biller category to the Bharat Connect platform (formerly known as Bharat Bill Payment System).  This agreement allows private investors to contribute to existing NPS accounts through Bharat Connect-enabled platforms.  NBBL cooperated with Axis Bank Limited as a Biller Operating Unit (BOU) and technology service provider (TSP) Setu to integrate NPS into their platform. Ques : Who Proposes Ban on Banks Using Group Entities to Evade Regulatory Compliance ? वर्तनयामक अनपु ािन से बचने के लिए समह ू संथथाओं का उपयोग करने र्ािे बैंकों पर प्रततबंध का प्रथतार् कौन करता है ? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  In a draft circular on 'forms of business and prudential norms for investments,' the Reserve Bank of India (RBI) recommends that banks refrain from using group corporations to avoid requirements.  Banks can invest up to 30% in any company.  Banks can sponsor one Asset Reconstruction Company (ARC) at a time, with a maximum shareholding of 20%.  Banks need regulatory approval to invest 20% or more in the equity capital of any financial services company, Category I or II AIF, or non- financial services company (including bank-controlled mutual funds).  The circular applies to all non-banking financial companies (NBFCs), including Housing Finance Companies, that are group entities of Scheduled Commercial Banks and Non-Operative Financial Holding Companies. Ques : Net direct tax collection grew _______ to about Rs.11.25 lakh crore as of October 10 this fiscal. इस वर्त्तीय र्षा में 10 अक्टूबर तक शि ु प्रत्यक्ष कर संग्रह ______ बढकर िगभग Rs.11.25 िाख करोड़ हो गया। (a) 18.3% (b) 15.3% (c) 16.3% (d) 19.3% (e) 11.3% Answer : Option A Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  According to government data, net direct tax collection increased by 18.3% to ₹11.25 lakh crore as of October 10, current fiscal year.  Personal income tax collection totaled Rs.5.98 lakh crore, while corporation tax collection was Rs.4.94 lakh crore.  The Securities Transaction Tax (STT) generated Rs.30,630 crore, while other taxes (equalization levy and gift tax) earned Rs.2,150 crore.  The income tax agency collected Rs.9.51 lakh crore in the same time last year.  The government has budgeted to collect Rs 22.07 trillion in direct taxes during the current fiscal year. Ques : SBI wants to increase the quick lending ceiling for the MSME sector from the current Rs ? एसबीआई एमएसएमई क्षेत्र के लिए त्र्ररत ऋण सीमा को मौजूदा रुपये से बढाना चाहता है ? (a) Rs. 1 Crore (b) Rs. 2 Crore (c) Rs. 3 Crore (d) Rs. 4 Crore (e) Rs. 5 Crore Answer : Option E Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  The State Bank of India (SBI) plans to increase the quick loan scheme's threshold from Rs 5 crore to improve credit availability for the MSME sector.  'MSME Sahaj - End to End Digital Invoice Financing' offers automated loan application, documentation, and disbursement within 15 minutes.  Last year, we built a business rule engine that uses data to assess credit limits up to Rs 5 core. Simply provide your PAN and approval for sourcing GST data at our MSME branch. We can provide approval within 15-45 minutes.  SBI plans to open 600 branches across the country in the current fiscal year. Ques : Who takes action against 4 NBFCs, ceases them from loan disbursal ? 4 एनबीएफसी के खखिाफ कौन कारा र्ाई करता है , उन्हें ऋण वर्तरण से रोकता है ? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Explanation :  Action under Section 45L(1)(b) of the RBI Act.  The Reserve Bank of India (RBI) has taken serious action against four non-banking financial companies (NBFCs).  The companies include Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and Navi Finserv Limited.  These NBFCs have been advised to discontinue loan sanctioning and disbursement activities beginning October 21, 2024. About Non-Banking Financial Company (NBFC) : A non-banking financial company (NBFC) is a corporation registered under the Companies Act of 1956 that participates in different financial operations, including :  Providing credit to individuals and enterprises.  Investment activities include purchasing shares, stocks, bonds, debentures, and other marketable securities.  Provide equipment leasing and hire-purchase services.  Conducting insurance business (subject to restrictions).  Managing chit fund schemes. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Who Expands Access to Negotiated Dealing System-Order Matching Electronic Trading Platform ? इिेक्ट्रॉतनक ट्रे डडंग प्िेटफॉमा से मेि खाने र्ािे तनगोलशएटे ड डीलिंग लसथटम-ऑडार तक पहुंच का वर्थतार कौन करता है ? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India (RBI) has expanded access to its Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platform to more regulated entities (RE).  Newly eligible entities include Regional Rural Banks (RRBs), Local Area Banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies, Provident Funds, Pension Funds, and Market Infrastructure Institutions (MIIs). About Negotiated Dealing System-Order Matching (NDS-OM) :  The Negotiated Dealing System-Order Matching (NDS-OM) is a screen- based electronic trading platform for secondary market trading in government securities (G-Secs).  It is owned by the Reserve Bank of India (RBI) and offers an anonymous order-matching technology to facilitate trade.  Members must have Subsidiary General Ledger (SGL) accounts with the RBI.  These entities, known as Primary Members (PM), include banks, primary dealers, insurance companies, mutual funds, and others approved by the RBI. Ques : Jio Payments Bank Limited established in which year ? Jio पेमेंट्स बैंक लिलमटे ड की थथापना ककस र्षा में हुई? (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 Answer : Option C Explanation :  Jio Payments Bank Limited, a subsidiary of Jio Financial Services, has received a Category 1 Execution-Only Platform (EOP) license from the Association of Mutual Funds in India (AMFI) for mutual fund distribution.  This license allows the bank to offer direct MF plans and charge transaction fees capped at Rs 2 per transaction.  There are currently 15 Category 1 EOPs registered with AMFI. EOPs are digital platforms that enable transactions for MF direct plans.  Category 1 EOPs can charge transaction fees through asset management firms (AMCs), while Category 2 EOPs charge investors directly. About Jio Payments Bank Limited :  Established : 2016  HQ : Mumbai  CEO & MD : Vinod Easwaran Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : Who Imposes Penalties of Rs 28.30 Lakh on SG Finserve and Rs 14 Lakh on Arunachal Pradesh Rural Bank for Regulatory Non-Compliance ? तनयामक गैर-अनप ु ािन के लिए एसजी कफनसर्ा पर 28.30 िाख रुपये और अरुणाचि प्रदे श ग्रामीण बैंक पर 14 िाख रुपये का जुमााना कौन िगाता है ? (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation : Penalty on SG Finserve Limited :  The Reserve Bank of India (RBI) issued a penalty of Rs 28.30 lakh on SG Finserve Limited (previously Moongipa Securities).  The penalty is due to noncompliance with specified restrictions outlined in the RBI's Certificate of Registration (CoR) issued under Section 45IA(5) of the RBI Act of 1934.  The action was conducted in accordance with clause (a) of sub-section (1) of Section 58G, as read with sub-section (6) of Section 58B of the RBI Act. Penalty on Arunachal Pradesh Rural Bank :  Arunachal Pradesh Rural Bank received a Rs 14 lakh penalty for failing to comply with Prudential Norms (Provisioning, Asset Classification, and Exposure Limit).  The penalty was levied under Section 47A(1)(c), in conjunction with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.  Both penalties were imposed by the RBI as part of its regulatory authority under various articles of the RBI Act of 1934 and the Banking Regulation Act of 1949. Ques : ____ Introduces Firecracker Insurance Policy for Diwali Celebrations _______ ने ददर्ािी समारोह के लिए पटाखा बीमा पॉलिसी पेश की (a) Phonepe (b) Paytm (c) Airtel payments bank (d) BharatPe (e) None of these Answer : Option A Explanation :  PhonePe has teamed up with Bajaj Allianz General Insurance to provide an affordable firecracker-related injury insurance policy for Diwali.  The policy is primarily designed to protect Diwali from mishaps caused by firecrackers.  Sum insured is Rs 25,000 and Premium is Rs 9 (including of GST). Coverage lasts 10 days, from October 25, 2024 to November 3, 2024.  Covers hospitalization, day care treatment, and accidental death. Coverage is limited to the policyholder.  The insurance also covers the policyholder’s family, including their spouse and two children (up to four family members). About PhonePe :  Founded : 2015  Headquarters : Bangalore, Karnataka, India  CEO : Sameer Nigam Follow Us : Official Site Youtube WhatsApp Telegram Insta FB Ques : _____ removes lending restrictions imposed on JM Financial's non- banking subsidiary. _____ JM फाइनेंलशयि की गैर-बैंककंग सहायक कंपनी पर िगाए गए ऋण प्रततबंध को हटाता है । (a) NABARD / नाबार्ड (b) RBI / आरबीआई (c) EPFO / ईपीएफओ (d) SEBI / सेबी (e) SIDBI / ससर्बी Answer : Option B Explanation :  The Reserve Bank of India (RBI) has lifted the restriction on JM Financial Products, allowing the company to continue financing activities such as loans for shares, debentures, and IPO subscription.  In March 2024, the RBI put restrictions on JM Financial Products due to regulatory infractions and concerns over governance standards.  JM Financial's non-banking unit is now permitted to immediately offer loans against shares and debentures following the lifting of the ban.  Separately, the Securities and Exchange Board of India (SEBI) has prevented JM Financial from taking new bond issue assignments until March 2025, citing an ongoing preliminary investigation. About JM Financial :  Founded : 1973  Headquarters : Mumbai, Maharashtra, India  Chairman : Nimesh Kampani Ques : World Bank and Asian Development Bank pledged ________ for Amaravati capital project starting January 2025 वर्श्र् बैंक और एलशयाई वर्कास बैंक ने जनर्री 2025 से शरू ु होने र्ािी अमरार्ती पज ंू ी पररयोजना के लिए ______ का र्ादा ककया (a) $1.6 billion (b) $2.6 billion (c) $3.6 billion (d) $1.4 billion (e) $1.9 billion Answer : Option A Explanation :  The World Bank and Asian Development Bank (ADB) have pledged $1.6 billion (Rs.13,600 crore) to the Phase-I development of Amaravati, Andhra Pradesh's capital city.  The cash will begin to be distributed on January 30, 2025. The overall cost of Phase-I development is Rs.15,000 crore.  The Central Government would fund the remaining Rs.1,400 crore for the project.  The World Bank (via the International Bank for Reconstruction and Development - IBRD) and ADB will each contribute $800 million (Rs.6,800 crore) for the project.  The committed funds must be utilized within five years; otherwise, they will lapse.  A voluntary Land Pooling System (LPS) was implemented, pooling 34,390 acres of farmland for the construction of Amaravati, providing residents with serviced residential and commercial plots in return. Follow Us : Official Site Youtube WhatsApp Telegram Insta FB About World Bank :  Established : July 7, 1944