English Mcqs and Answers

Ques : _______ Withdraws Unrestricted Access for Foreign
Portfolio Investors to New 14-Year and 30-Year Bonds

______ ने वर्दे शी पोर्व फोलियो ननर्ेशकों के लिए नए 14-र्षीय और 30-र्षीय बाुंडों
तक अप्रनतबुंधित पहुुंच र्ापस िे िी
(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 revoked unrestricted access for
Foreign Portfolio Investors (FPIs) to newly issued Indian government
bonds with 14-year and 30-year tenors under the Fully Accessible
Route (FAR), effective immediately.
 Foreign investors currently hold approximately $1 billion worth of

existing 30-year bonds.
 FPIs' investments in new 14-year and 30-year bonds will be subject to

existing RBI investment limits effective at the time of issuance.
 Existing 14-year and 30-year debt securities previously designated

under FAR will remain accessible to non-residents for investments in the
secondary market.
 All FAR-designated central government bonds maturing after December

31, 2026, are eligible.
 The directions have been issued under Section 45W of Chapter IIID of
the Reserve Bank of India Act, 1934, and are without prejudice to any
other permissions or approvals required under other laws.
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Ques : HSBC Mutual Fund established in which year ?
एचएसबीसी म्यच
ू अ
ु ि फुंड की स्थापना ककस र्षव में हुई?
(a) 2000
(b) 2001
(c) 2002
(d) 2003
(e) 2004
Answer : Option C
Explanation :
 HSBC Mutual Fund Unveils Apne #SIPKoDoPromotion Campaign.
 Its objective is to raise awareness and educate investors about the

Systematic Investment Plans (SIPs) Top-Up feature and its benefits for
long-term wealth building.
 The campaign features three 30-second digital films designed to promote

the concept of increasing SIP contributions through the Top-Up facility.
About HSBC Mutual Fund :
 Established : 2002
 HQ : Mumbai
 MD & CEO : Kailash Kulkarni

Ques : SBI Mutual Fund founded in which year ?
एसबीआई म्यचू अ
ु ि फुंड की स्थापना ककस र्षव में हुई?
(a) 1987
(b) 1984
(c) 1985
(d) 1989
(e) 1990
Answer : Option A
Explanation :
 SBI Mutual Fund Unveiled the “SBI Innovative New Opportunities

Fund” to invest in equity and related instruments of companies that are
expected to adopt innovation.
 The new fund offer (NFO) opened on July 29 and will remain open till
August 12,2024.
 The investment objective of the scheme is to provide investors with

opportunities for long term capital appreciation by investing in equity and
equity related instruments of companies that seek to benefit from the
adoption of innovative strategies & themes.
 Equity and equity-related instruments of companies expected to benefit

from innovation (including equity derivatives).
 Debt instruments, securitized debt (up to 20% of the debt portion), debt
derivatives, and money market instruments, including tri-party repos.
 Foreign investment may not exceed 35% of the net assets of the scheme
and will be within regulatory limits.

Ques : ______ Currency and Finance report for 2023-24, average
cost of data breaches in India reached $2.18 million in 2023
_______ की 2023-24 की मद्र
ु ा और वर्त्त ररपोर्व के अनस
ु ार, भारत में डेर्ा
उल्िुंघनों की औसत िागत 2023 में 2.18 लमलियन डॉिर तक पहुुंच गई।

Answer : Option B
Explanation :
 According to the Reserve Bank of India's (RBI) Currency and

Finance report for 2023-24, average cost of data breaches in
India reached $2.18 million in 2023, marking a 28% increase since 2020.
 The most common attacks in India are phishing which was at 22% and
stolen or compromised credentials was 16%.
 Since 2017-18, domestic digital payments in India have grown at an

annual rate of 50% in volume and 10% in value.
 The automotive industry is highly vulnerable to cyber attacks, whereas

the banking and financial services sector, benefiting from stringent
regulations, enjoys comparatively stronger protection.
 Global cybercrime costs are projected to reach $13.82 trillion by

2028, up from $8.15 trillion in 2023.
 The average cost of a data breach globally rose to $4.45 million in 2023,
a 15% increase over three years.

Ques : _________ Considers Measures to Curb Retail Trading
Surge in Futures and Options
_______ र्ायदा और वर्कल्प में खुदरा व्यापार में उछाि को रोकने के उपायों पर
वर्चार कर रहा है

Answer : Option D
Explanation :
 The Securities and Exchange Board of India (SEBI) has proposed a

series of near-term measures to prevent speculative trading, such as
gambling in index derivatives, which include curbing multiple option
contract expiries and increasing the size of options contracts.
SEBI proposed that the minimum contract size for index derivative
contracts must be revised in two phases:
Phase 1: Minimum value of derivatives contract at the time of introduction to

be between Rs.15 lakhs to Rs.20 lakhs
Phase 2: After six months, the minimum value of the derivatives contract will
be between Rs.20 lakhs to Rs.30 lakhs.
 The SEBI also proposed weekly options contracts to be provided on a

single benchmark index of an exchange and brokerages to collect option
premiums on an upfront basis from their clients.
 The SEBI has proposed a series of short-term measures to curb

speculative trading in index derivatives (futures & options).

Ques : _____ to Raise Rs.3,000 Crore Through Infrastructure Bonds
_____ इन्फ्रास्रक्चर बाुंड के माध्यम से Rs.3,000 करोड़ जुर्ाएगा
(a) Bank of India /बैंक ऑफ इंडर्या

(b) Axis Bank / एक्ससस बैंक
(c) State Bank of India / भारतीय स्टे ट बैंक
(d) Bank of Maharashtra / बैंक ऑफ महाराष्ट्र
(e) None of these
Answer : Option D
Explanation :
 Bank of Maharashtra (BoM) plans to raise up to Rs.3,000 crore

(approximately $358.27 million) through its first issue of infrastructure
bonds.
 The issue includes a greenshoe option of Rs.2,500 crore and will have a
maturity period of 10 years.
About BoM :
 Founded : 16 September 1935

 Headquarters : Pune, Maharashtra India
 MD & CEO : Nidhu Saxena
 Tagline : One Family One Bank

Ques : One 97 Communications Unveils India's First ______ NFC
Card Soundbox
र्न97 कम्यनु नकेशुंस ने भारत के पहिे _____ एनएफसी काडव साउुं डबॉक्स का
अनार्रण ककया
(a) Mobi Kwik

(b) Google Pay
(c) Paytm
(d) PayPal
(e) Amazon Pay
Answer : Option C
Explanation :
 One 97 Communications Limited (OCL), Paytm's parent company,

launched India's first NFC Card Soundbox which is a two-in-one
mobile QR payment device that combines NFC card payment technology
with mobile QR payments.
 The device can help small shops in accepting all types of payments,
including UPI and card transactions.
 Allows customers to tap a debit or credit card or scan a QR code to

make payments.
 Equipped with a 10-day battery life, instant audio confirmation, and a

display screen for transaction amounts.
 Paytm had previously pioneered the Soundbox, which provides audio

payment notifications.
 Supports audio payment notifications in 11 languages: English, Hindi,

Gujarati, Bangla, Odia, Marathi, Punjabi, Telugu, Malayalam, Tamil, and
Kannada.

What is NFC?
 NFC stands for Near Field Communication.

 It is a technology that allows for wireless data transfer between devices
when they are very close to each other, usually within a few centimetres.
 It is often used for contactless payments and sharing information.
About Paytm:
 Established : August 2010

 HQ : Noida
 CEO : Vijay Shekhar Sharma
Ques : ______ Secures $750 Million Through Offshore Term Loan

Facility for Fund Deployment
______ ने फुंड पररननयोजन के लिए ऑफशोर र्मव िोन सवु र्िा के माध्यम से $750
लमलियन सरु क्षित ककए
(a) Canara Bank / केनरा बैंक

(b) State Bank of India / भारतीय स्टे ट बैंक
(c) HDFC Bank / एचर्ीएफसी बैंक
(d) UCO Bank / यक
ू ो बैंक
(e) Axis Bank / एक्ससस बैंक
Answer : Option B
Explanation :
 State Bank of India (SBI), the largest lender in the country, has
raised $750 million through a Senior Unsecured Syndicated Term
Loan Facility.
 The facility was initially launched for $350 million in May 2024.
 It was oversubscribed 2.2 times due to strong global demand, resulting in
the deal being upsized.
 The Saudi National Bank and Punjab National Bank were mandated
lead arrangers.
 Other arrangers included DZ Bank, National Bank of Umm Al

Qaiwain, Sampath Bank, and The National Bank.
 SBI plans to focus on expanding its business through

the International Financial Services Centre (IFSC) in GIFT City,
Gandhinagar, Gujarat.
Ques : ______ Collaborates with C2treds and UGRO Capital to

Boost Micro, Small and Medium Enterprises Loan Accessibility
____ ने सक्ष्
ू म, िघु और मध्यम उद्यम ऋण पहुुंच को बढार्ा दे ने के लिए सी2रे ड्स
और यज
ू ीआरओ कैवपर्ि के साथ सहयोग ककया

Answer : Option E
Explanation :
 The Small Industries Development Bank of India (SIDBI) has

partnered with C2treds and UGRO Capital to facilitate loans to
the Micro, Small and Medium Enterprises (MSME) sector.
Ques : __________ Launches Artificial Intelligence Chatbot Service
'Seva' for Investors
______ ने ननर्ेशकों के लिए आर्र्व कफलशयि इुंर्ेलिजेंस चैर्बॉर् सेर्ा 'सेर्ा' िॉन्फ्च की

Answer : Option D
Explanation :
 For investor protection, the Securities & Exchange Board of India

(SEBI) has started its Virtual Assistant (SEVA) – an Artificial
Intelligence (AI) based conversation platform for investors.
 The Beta version of the chatbot includes features like citations for
generated responses, speech-to-text and text-to-speech functionality for
accessibility and follow-up questions.
 The chatbot can answer questions related to general information on

the securities market, the latest master circulars, and the grievance
redressal process.
 It is available on SEBI’s investor website and the SAARTHI mobile app

(both Android and iOS).
 Based on user feedback, additional areas will be added to the chatbot's

capabilities.
 A chatbot is a computer program designed to simulate human

conversation through text or voice interactions, acting as a virtual
assistant that can understand and respond to questions, requests, or
commands.

Ques : NIIT IFBI and _______ Launches ‘ACE Banker Program’
एनआईआईर्ी आईएफबीआई और _____ने 'एसीई बैंकर प्रोग्राम' िॉन्फ्च ककया
(a) South Indian Bank / साउथ इंडर्यन बैंक

(c) Yes Bank / यस बैंक
(d) HDFC Bank / एचर्ीएफसी बैंक
(e) ICICI Bank / आईसीआईसीआई बैंक
Answer : Option D
Explanation :
 NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a

subsidiary of National Institute of Information Technology (NIIT)
has announced the launch of the ‘ACE Banker Program’ in
collaboration with HDFC Bank Limited.
 It is a critical part of NIIT’s Talent Pipeline as a Service (TPaaS)

initiative which aims to recruit and train customer service professionals
for HDFC Bank.
 This complete full-time program includes 45 days of residential

training at the NIIT University campus.
About HDFC Bank :
 Established : August 1994

 HQ : Mumbai
 MD & CEO : Sashidhar Jagdishan
 Tagline : We Understand Your World

Ques : New India Assurance Raises Health Insurance Premiums by
_____
न्फ्यू इुंडडया एश्योरें स ने स्र्ास््य बीमा प्रीलमयम ______ बढाया
(a) 5%
(b) 10%
(c) 15%
(d) 20%
(e) 25%
Answer : Option B
Explanation :
 New India Assurance, the country's largest general insurer, has

increased premiums on certain health insurance products by 10%.
 The increase will be effective from November 11, 2024.
 The adjustment is in response to rising loss ratios and new regulations

from the Insurance Regulatory and Development Authority of India
(IRDAI).
 The premium hike affects approximately 25% of New India Assurance's

health insurance portfolio.
The adjustment aligns with recent changes by IRDAI, including:
 Reduction in the waiting period for pre-existing diseases from 48 months

to 36 months.
 Reduction in the moratorium period from 8 years to 5 years.
About New India Assurance :
 Founded : 23 July 1919

 Headquarters : Mumbai, Maharashtra, India
 It is an Indian public sector insurance company owned by the
Government of India and administered by the Ministry of Finance.

Ques : Retail credit growth moderates to _______ in June 2024,
shows RBI data
आरबीआई के आुंकड़ों से पता चिता है कक जून 2024 में खुदरा ऋण र्वृ ि िीमी होकर
_____ हो गई
(a) 15.6%
(b) 16.6%
(c) 17.6%
(d) 12.6%
(e) 13.6%
Answer : Option B
Explanation :
 Retail loan growth slowed to 16.6% YoY in June 2024 from 21.3% YoY
in June 2023.
 Growth in unsecured personal loans dropped to 13.2% YoY from 28.4%

YoY.
 Growth in housing loans accelerated to 18.2% YoY from 14.8% YoY.
 Increased by 13.9% YoY in June 2024, down from 16.3% YoY a year
ago.
 Credit to Agriculture and Allied Activities : Remained robust at 17.4%

YoY, although lower than 19.7% YoY in June 2023.
Credit to the Service Sector
Overall: Moderated to 15.1% YoY from 26.8% YoY.

NBFCs: Growth dropped sharply to 8.5% YoY from 34.7% YoY.
Trade: Declined to 14.8% YoY from 18.5% YoY.

Ques : Ransomware attack cripples payment systems at nearly
_____ small Indian banks
रैंसमर्ेयर हमिे ने िगभग ____ छोर्े भारतीय बैंकों की भग
ु तान प्रणािी को पुंगु बना
र्दया है
(a) 100
(b) 200
(c) 300
(d) 400
(e) 500
Answer : Option C
Explanation :
 A ransomware attack on C-Edge Technologies, a major banking

technology provider in India, has led to the temporary shutdown of
payment systems at nearly 300 small local banks.
 The National Payment Corporation of India (NPCI) has temporarily

isolated C-Edge Technologies from accessing the retail payments system
to contain the attack.
 As a result, customers of affected banks are unable to complete online

transactions, such as RTGS and UPI payments.
 The ransomware attack primarily impacts small cooperative and regional

banks, which make up about 0.5% of the country's payment system
volumes.
 Online transactions are disrupted; money may be deducted from the

sender’s account but may not be credited to the receiver’s account.
 India’s network includes approximately 1,500 cooperative and regional

banks, primarily serving areas outside major cities. These smaller
institutions are most affected by the current attack.

Ques : ____ clarifies reports regarding the T+0 settlement cycle
_____ ने र्ी+0 ननपर्ान चक्र के सुंबुंि में ररपोर्ों को स्पष्र् ककया

(c) NIPL / एनआईपीएल
Answer : Option D
Explanation :
 The Securities and Exchange Board of India (Sebi) addressed recent

media reports inaccurately claiming that it was considering making
the T+0 settlement cycle mandatory for all transactions.
 Sebi's chief, Madhabi Puri Buch, was actually discussing

the Application Supported by Blocked Amount (ASBA) facility during
a recent NSE event.
 At the event, Madhabi Puri Buch released a report titled "Indian

Capital Markets: Transformative Shifts Achieved through
Technology and Reforms."
 The report highlighted that full adoption of the ASBA facility for the
secondary market could potentially save Rs 2,800 crore annually for
retail investors.
 ASBA ensures that investors' funds are only moved when allotments are
completed, providing a safeguard against premature fund transfers.
 Sebi might propose to its board the idea of making it mandatory

for Qualified Stock Brokers to offer ASBA as an option to their clients.
 Some media outlets incorrectly reported Sebi’s discussion as an advocacy

for a mandatory T+0 settlement cycle for all transactions. Sebi clarified
that this was not the case and stressed that the actual focus was on
the ASBA facility.
Ques : Sanjay Shukla has been recently appointed Managing
Director (MD) of which financial institution?
सुंजय शक्
ु िा को हाि ही में ककस वर्त्तीय सुंस्थान का प्रबुंि ननदे शक (एमडी) ननयक्
ु त
ककया गया है ?

(c) NHB / एनएचबी
Answer : Option C
Explanation :
 Sanjay Shukla has been appointed as the Managing Director (MD) of

National Housing Bank (NHB).
 Before joining NHB, Shukla was the founding managing director and
chief executive officer (CEO) of Centrum Housing Finance Limited
(CHFL) from October 2016.
 A seasoned chartered accountant with over three decades of experience in

housing and retail asset finance, Shukla has a distinguished history of
leading and transforming financial institutions.
 He began his career in 1991 as an officer at LIC Housing Finance

Limited, the National Housing Bank (NHB).
About National Housing Bank (NHB) :
 NHB is the apex regulatory body for overall regulation and licensing of
housing finance companies in India.
 Founded – 9 July 1988
 Headquarters – New Delhi
 Jurisdiction – Ministry of Finance
 MD – Sanjay Shukla
Ques : 11 PSU Banks Charge _______ From Account Holders
11 पीएसयू बैंकों ने खातािारकों से र्सि
ू े _______
(a) Rs 2,331 Crore

(b) Rs 2,231 Crore
(c) Rs 2,131 Crore
(d) Rs 2,531 Crore
(e) Rs 2,431 Crore
Answer : Option A
Explanation :
 Account holders of 11 public sector banks have been cumulatively

charged Rs 2,331 crore for their failure to maintain a minimum balance
in savings banks in FY24.
 This is a rise of 25.63 per cent from Rs 1,855.43 crore in FY23.
 These 11 banks have collected Rs 5,614 crore from account holders for
not maintaining the minimum balance in the last three years.
 The country's largest public sector bank -- State Bank of India --

stopped charging a penalty for not maintaining a minimum balance since
FY20.
Top 3 Banks charging a penalty for failure to maintain a minimum

balance:
1. Punjab National Bank (PNB) : Rs 633.4 crore

2. Bank of Baroda : Rs 386.51 crore
3. Indian Bank : Rs 369.16 crore

Ques : Government Extends Minimum Public Shareholding
Deadline for PSUs to _______
सरकार ने पीएसयू के लिए न्फ्यन
ू तम सार्वजननक शेयरिाररता की समय सीमा ____
तक बढा दी है
(a) August 2025

(b) August 2026
(c) August 2027
(d) August 2028
(e) August 2029
Answer : Option B
Explanation :
 The government has extended the deadline for central public sector
enterprises (CPSEs) and public sector financial institutions to meet
the minimum public shareholding (MPS) norm until August 2026.
 According to the Finance Ministry memorandum, CPSEs, public sector

banks, and financial institutions are allowed until August 1, 2026, to
increase their public shareholding to at least 25%.
 The extension is exercised under sub-rule (6) of Rule 19A of Securities

Contract (Regulation) Rules, 1957 (SCRR).
 5 public sector banks (Bank of Maharashtra, Indian Overseas Bank, UCO

Bank, Central Bank of India, and Punjab and Sind Bank) plan to reduce
government stake to less than 75% to comply with SEBI's MPS norm.
 7 out of 12 public sector banks (SBI, PNB, Canara Bank, Bank of

Baroda, Indian Bank, Union Bank of India, and Bank of India) were
compliant with the MPS norm as of March 31, 2024.

Ques : ________ Reports 97.92% of Rs.2,000 Banknotes in
Circulation Returned by July 31, 2024
_______ ने बताया कक प्रचिन में मौजूद Rs. 2,000 के 97.92% बैंक नोर् 31
जुिाई, 2024 तक र्ापस आ गए

Answer : Option B
Explanation :
 The Reserve Bank of India (RBI) reported that 97.92% of Rs. 2,000
banknotes in circulation as of May 19, 2023, have been returned by July
31, 2024.
 The total value of Rs. 2,000 notes in circulation reduced from Rs. 3.56
lakh crore on May 19, 2023, to Rs. 7,409 crore by July 31, 2024.
 Despite the withdrawal, Rs. 2,000 banknotes continue to be legal tender.
 The withdrawal was due to the infrequent use of Rs. 2,000 notes for
transactions.
 The stock of other denomination banknotes is sufficient to meet public

currency needs.
 The withdrawal is part of the RBI's “Clean Note Policy”.

Ques : ______ has announced integration of Unified Payments
Interface (UPI) and National Common Mobility Card (NCMC)
services
______ ने यनू नफाइड पेमेंर् इुंर्रफेस (यप
ू ीआई) और नेशनि कॉमन मोबबलिर्ी काडव
(एनसीएमसी) सेर्ाओुं के एकीकरण की घोषणा की है
(a)HDFC Bank / एचर्ीएफसी बैंक

(b) IDFC First Bank / आईर्ीएफसी फस्टड बैंक
(c) South Indian Bank / साउथ इंडर्यन बैंक
(d) RBL Bank / आरबीएल बैंक
(e) Yes Bank / यस बैंक
Answer : Option D
Explanation :
 RBL Bank has announced integration of Unified Payments Interface

(UPI) and National Common Mobility Card (NCMC) services on
RuPay Credit Cards it sells.
 The offering combines multiple payment capabilities into a single card.
 Users can make seamless and secure payments through UPI.
 Facilitates hassle-free travel with the NCMC feature.
 The card combines multiple payment capabilities into one, offering

flexibility for daily expenses and travel.
 RBL Bank is the first private sector bank to offer this integrated
payment solution, potentially setting a precedent for other banks.
About RBL Bank (formerly known as Ratnakar Bank Limited) :
 Founded : August 1943

 Headquarters : Mumbai, Maharashtra
 MD & CEO : R Subramaniakumar
Ques : SWIFT and _______ Launch AI-Driven Pilot to Combat
Cross-Border Payments Fraud
स्स्र्फ्र् और ______ ने सीमा पार से भग
ु तान िोखािड़ी से ननपर्ने के लिए एआई-
सुंचालित पायिर् िॉन्फ्च ककया
(a) South Indian Bank / साउथ इंडर्यन बैंक

(c) Yes Bank / यस बैंक
(e) ICICI Bank / आईसीआईसीआई बैंक
Answer : Option B
Explanation :
 Belgium-headquartered Society for Worldwide Interbank Financial

Telecommunications (SWIFT), the global specialist in financial
transactions, is launching an artificial intelligence (AI)-driven pilot in
partnership with Axis Bank to help combat payments fraud occurring
in cross-border payments.
 Along with global banks, including BNY Mellon, Deutsche Bank, DNB,
HSBC, Intesa Sanpaolo and Standard Bank, the duo will test the use of
secure data collaboration and federated learning technologies.
 The pilot is expected to leverage a secure infrastructure that will enable

financial institutions to exchange relevant information with strong
privacy-preserving controls.
 The pilot will use AI algorithms to analyse historical transaction data and
detect anomalies indicative of fraud.
 SWIFT is also working towards contributing to the cross-border

interoperability of potential central bank digital currencies (CBDCs).

About SWIFT :
 Founded : 3 May 1973

 Headquarters : La Hulpe, Belgium
 CEO : Javier Perez-Tasso
About Axis Bank :
 Established : 3 December 1993

 Headquarters: Mumbai, Maharashtra, India
 MD & CEO: Amitabh Chaudhry
 Tagline : Badhti Ka Naam Zindagi
Ques : _______ issues "Master Direction on Handling Wilful and

Large Defaulters" to guide loan default management
_______ ने ऋण डडफॉल्र् प्रबुंिन का मागवदशवन करने के लिए "जानबझ
ू कर और बड़े
डडफॉल्र्रों से ननपर्ने पर मास्र्र डायरे क्शन" जारी ककया है

Answer : Option B
Explanation :
 The Reserve Bank of India (RBI) released the "Master Direction on the
Treatment of Wilful Defaulters and Large Defaulters" to establish a
framework for handling loan defaults.

Ques : ______ Issues Notification on Small Value Loans for Primary
(Urban) Co-operative Banks
_______ ने प्राथलमक (शहरी) सहकारी बैंकों के लिए छोर्े मल्
ू य के ऋण पर
अधिसच
ू ना जारी की

Answer : Option B
Explanation :
 The Reserve Bank of India (RBI) issued a notification specifically

addressing Small Value Loans for Primary (Urban) Co-operative
Banks (UCBs).
 The timeline to achieve specified targets has been extended by two years.
 Its aim is to ensure a significant portion of UCBs' lending is directed

towards smaller, more manageable loans, promoting financial inclusion
and risk mitigation.
 UCBs must have at least 50% of their aggregate loans and

advances consisting of Small Value Loans.
 Small Value Loans are defined as loans not exceeding Rs.25 lakh or 0.2%
of their Tier I capital, whichever is higher, up to a maximum of Rs.1
crore per borrower.
 March 31, 2025: Minimum of 40% of aggregate loans and

advances should be Small Value Loans.
 March 31, 2026: Minimum of 50% of aggregate loans and

advances should be Small Value Loans.
Ques : Which bank has teamed up with GOQii to launch a
smartwatch for contactless payments ?
सुंपकव रर्हत भग
ु तान के लिए स्मार्व र्ॉच िॉन्फ्च करने के लिए ककस बैंक ने GOQii के
साथ लमिकर काम ककया है ?
(a) Federal Bank / फेर्रल बैंक

(c) IndusInd Bank / इंर्सइंर् बैंक
(e) Kotak Mahindra Bank / कोटक महहंद्रा बैंक
Answer : Option E
Explanation :
 Kotak Mahindra Bank Ltd has teamed up with GOQii to launch the
Kotak – GOQii Smart Vital Plus smartwatch, revolutionising the way
customers make payments.
 Priced at INR 3499, this innovative wearable device combines

contactless payments with health monitoring features.
 Powered by RuPay On-The-Go, the smartwatch enables seamless

transactions up to INR 5000 without requiring a PIN.
 The Kotak – GOQii Smart Vital Plus allows users to track blood pressure,
body temperature, and SpO2 levels directly from their wrist.
 its user-friendly interface ensures easy access to payments.
 Overall daily purchase limit is INR 1,00,000 (E-commerce). For

Contactless transactions, daily purchase limit is INR 25,000.

About Kotak Mahindra Bank :
 HQ : Mumbai
 MD & CEO : Ashok Vaswani
 Tagline : Let's make money simple
Ques : India Ratings & Research (Ind-Ra) upped India’s GDP

growth forecast for the current fiscal to what percent from 7.1
percent projected earlier ?
इुंडडया रे र्र्ुंग्स एुंड ररसचव (इुंड-रा) ने चािू वर्त्त र्षव के लिए भारत की जीडीपी र्वृ ि का
अनम
ु ान पहिे अनम
ु ाननत 7.1 प्रनतशत से बढाकर ककतने प्रनतशत कर र्दया?
(a) 7.3%
(b) 7.4%
(c) 7.5%
(d) 7.6%
(e) 7.7%
Answer : option C
Explanation :
 India Ratings & Research (Ind-Ra) upped India’s GDP growth forecast
for the current fiscal to 7.5 percent from 7.1 percent projected earlier on
an expectation of improved consumption demand.
 The ongoing growth momentum led by government capex, deleveraged

balance sheets of corporates/banks, and incipient private corporate capex
cycle has now found support from Union Budget.

Ques : ______ Penalizes 5 Co-operative Banks for Regulatory
Violations
________ने वर्ननयामक उल्िुंघनों के लिए 5 सहकारी बैंकों को दुं डडत ककया

Answer : Option B
Explanation :
 The Reserve Bank of India (RBI) has imposed monetary penalties on 5

urban cooperative banks for failing to comply with various regulatory
directions.
 The penalties were enforced under RBI's powers conferred by Section

47A(1)(c) of the Banking Regulation Act, 1949, alongside Sections
46(4)(i) and 56.
These 5 urban cooperative banks are :
 Urban Co-operative Bank Limited., Mainpuri, Uttar Pradesh : Rs.5

lakh penalty for non-compliance with investment norms.
 Nagnath Urban Co-operative Bank Limited, Hingoli, Maharashtra : Rs.1

lakh penalty for failing to transfer eligible amounts to the Depositor
Education and Awareness Fund as per Section 26A.

 Shrikrishna Co-operative Bank Limited, Umrer, Maharashtra : Rs.2.08
lakh penalty for non-compliance with loan and advance regulations
related to directors and their relatives.
 Alibag Co-operative Urban Bank Limited, Alibag, Maharashtra : Rs.2

lakh penalty for mismanagement of advances, including sanctioning gold
loans beyond regulatory limits.
 The Hindustan Co-operative Bank Limited, Mumbai, Maharashtra : Rs.4

lakh penalty for violations including exposure norms and KYC
requirements.
Ques : _______ Grants Cross-Border Payment Aggregator License

to BillDesk, Amazon Pay, and Adyen
_____ ने बबिडेस्क, अमेज़ॅन पे और एडेन को सीमा पार भग
ु तान एग्रीगेर्र िाइसेंस
प्रदान ककया

Answer : Option B
Explanation :
 The Reserve Bank of India (RBI) has issued a cross-border payment

aggregator (PA-CB) licence to three companies: BillDesk, Amazon Pay
 On July 22, 2024, Bengaluru-based Cashfree was the first to receive the
PA-CB licence.

Ques : ______ Issues Directive Adjusting Loan Limits Against
Shares and Debentures for Urban Co-operative Banks
_______ ने शहरी सहकारी बैंकों के लिए शेयरों और डडबेंचर पर ऋण सीमा को
समायोस्जत करने का ननदे श जारी ककया

Answer : Option B
Explanation :
 The Reserve Bank of India (RBI) issued a directive altering the ceiling on
loans against shares and debentures for Urban Co-operative Banks
(UCBs).
 The previous ceiling was set at 20% of owned funds.
 The new regulation links the ceiling to the Tier I capital of UCBs as of
March 31 of the preceding financial year.
 This change will be effective from January 1, 2025.
 The updated ceiling aims to enhance financial stability by correlating the

loan limits with the bank’s Tier I capital.
 The new regulation aligns with the guidelines outlined in the Master
Circular on Prudential Norms for UCBs.
 All other provisions from the previous circulars remain unchanged.

Ques : _____ Fines HDFC Life Rs 2 Crore for Regulatory Violations .
_____ ने वर्ननयामक उल्िुंघनों के लिए एचडीएफसी िाइफ पर 2 करोड़ रुपये का
जुमावना िगाया

(c) IRDAI / आईआरर्ीएआई
Answer : Option C
Explanation :
 The Insurance Regulatory and Development Authority of India

(IRDAI) has imposed a penalty of Rs.1 crore on HDFC Life Insurance
Company for violation of various norms.
 The norms violated included those pertaining to insurance web

aggregators, insurance brokers, insurance intermediaries (payment of
commissions) and outsourcing activities.
 Additionally, a penalty of Rs 1 crore was imposed for irregularities

concerning the outsourcing of services by the company.
About IRDAI :
 Headquarters : Hyderabad, Telangana
 Chairperson : Debasish Panda
 The IRDAI is a statutory body under the jurisdiction of the Ministry of
Finance (MoF), Government of India (GoI) and is tasked with regulating
and licensing the insurance and reinsurance industries in India.

Ques : _____ Issued ‘Fit & Proper’ Certificates to 3 Potential
Suitors for IDBI Bank
_______ ने आईडीबीआई बैंक के लिए 3 सुंभावर्त दार्ेदारों को 'कफर् एुंड प्रॉपर'
प्रमाणपत्र जारी ककए

(c) IRDAI / आईआरर्ीएआई
Answer : Option B
Explanation :
 The Reserve Bank of India (RBI) has issued ‘Fit & Proper’ certificates to
3 potential suitors for Industrial Development Bank of India (IDBI)
Limited, thus paving the way for possible acquisition of the bank.
The potential suitors are :
 Fairfax Financial Holdings Limited, Toronto(Canada)

 Kotak Mahindra Bank Limited (KMBL), Mumbai
 Emirates NBD Bank, Dubai (the United Arab Emirates)
About IDBI Limited :
 HQ : Mumbai
 MD & CEO : Rakesh Sharma
 Tagline : Banking for All

Ques : State Bank of India Q1FY25 Net Profit Up _____ to Rs.17,035
Crore
भारतीय स्र्े र् बैंक का Q1FY25 शि
ु िाभ ____ बढकर 17,035 करोड़ रुपये हो गया
(a) 0.5%
(b) 0.6%
(c) 0.7%
(d) 0.8%
(e) 0.9%
Answer : Option E
Explanation :
 State Bank of India (SBI), the country’s largest lender, reported a muted
growth in its net profit of 0.89% year-on-year (Y-o-Y) for April-June
2024 due to erosion in net interest margins and a dip in other income and
a sharp rise in loan loss provisions.
 The bank posted a net profit of Rs 17,035 crore during the Q1 of FY25
compared to Rs 16,884.29 crore during the previous financial year.
 Loan loss provisions increased significantly by 70.37% Y-o-Y to

Rs.4,518 crore in Q1FY25.
 Its Net interest income (the difference between interest earned and
interest expended) grew by 5.71% Year-on-Year (Y-o-Y) to Rs 41,125
crore.
 Gross Non-Performing Assets (NPA) ratio decreased by 55 basis points

to 2.21%. Net NPA ratio decreased by 14 basis points to 0.57%.

Ques : GoI and _______ Signed USD 500 Million Agreement for
Construction of Green National Highway Corridors Project
(GNHCP)
भारत सरकार और _______ ने ग्रीन नेशनि हाईर्े कॉररडोर प्रोजेक्र् (GNHCP) के
ननमावण के लिए 500 लमलियन अमेररकी डॉिर के समझौते पर हस्तािर ककए
(a) ADB
(b) WHO
(c) World Bank
(d) WTO
(e) RBI
Answer : Option C
Explanation :
 Government of India and World Bank Signed USD 500 Million

Agreement for Construction of the Green National Highway
Corridors Project (GNHCP).
 Total project cost USD 1288.24 million (which is equivalent to Rs

7,662.47 crore).
 GNHCP project will cover 4 states such as: Himachal Pradesh (HP),
Rajasthan, Uttar Pradesh (UP) and Andhra Pradesh (AP) in an aggregate
length of 781 kilometer (km).
About World Bank :
 HQ : Washington DC
 Members : 189
 World Bank : Group 5 (IBRD, IDA, IFC, MIGA and ICSID)
 President : Ajay banga
 MD & CFO : Anshula Kant
 Chief Economist : Indermit Gill

Ques : RBI Cancels Licenses of ____ UCBs Since 2014
आरबीआई ने 2014 से ______ यस
ू ीबी के िाइसेंस रद्द कर र्दए हैं
(a) 72
(b) 74
(c) 76
(d) 78
(e) 80
Answer : Option D
Explanation :
 The Reserve Bank of India (RBI) has canceled the licenses of 78

Urban Cooperative Banks (UCBs) since 2014.
 Maharashtra has seen the highest number of cancellations, with 36

UCBs losing their licenses, followed by Uttar Pradesh (14) and
Karnataka (8).
 In 2024 alone, 10 UCB licenses were canceled, affecting banks across

Maharashtra, Karnataka, Uttar Pradesh, Gujarat, Rajasthan, Assam, and
Andhra Pradesh.
 No closures of State Cooperative Banks (StCBs) or District Central

Cooperative Banks (DCCBs) since 2014.
About RBI :
• Established : 1 April 1935

• Headquarters : Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy governors : Swaminathan Janakiraman , M. Rajeshwar Rao,
Michael Patra and T. Rabi Shankar

Ques : How much lakh crore rupees was GST collected in July
2024?
जुिाई 2024 में ककतने िाख करोड़ रुपये का जीएसर्ी सुंग्रह हुआ?
(a) 1.62 lakh crore

(b) 1.72 lakh crore
(c) 1.82 lakh crore
(d) 1.92 lakh crore
(e) 1.52 lakh crore
Answer : Option C
Explanation :
 In July 2024, India’s Goods and Services Tax (GST) collections rose by
10.3% to Rs.1,82,075 crore, marking a significant increase from
Rs.1,65,105 crore in July 2023.
 This is the third-highest-ever monthly collection recorded since the

indirect tax regime was rolled out 7 years ago on July 1, 2017.
Collection of GST in July 2024 :
 Gross GST : Rs 1,82,075 crore

 Central GST : Rs 32,386 crore
 State GST : Rs 40,289 crore
 Integrated GST : Rs 96,447 crore
 Cess : Rs 12,953 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

Ques : _____ Revised Instructions on BDDR for Co-operative Banks
to Ensure Uniformity
______ ने एकरूपता सनु नस्श्चत करने के लिए सहकारी बैंकों के लिए बीडीडीआर पर
ननदे शों को सुंशोधित ककया

Answer : Option B
Explanation :
 Reserve Bank of India (RBI) issued revised instructions on Bad and

Doubtful Debt Reserve (BDDR) for co-operative banks to ensure
uniformity in the treatment of this reserve for prudential purposes.
 These revised instructions will be applicable to Urban Co-operative

Banks (UCBs), State Cooperative Banks (StCBs) and Central
Cooperative Banks (CCBs), come into force with immediate effect.
 Banks have been mandated to identify and quantify the BDDR balances
as of 31st March, 2024 which were created by appropriating net profits
instead of recognizing them as expenses.
 RBI mentioned that by the beginning of FY25 (2024-25), the provisions

should be charged as an expense to the P&L account in the accounting
period in which they are recognised.
 The BBDR balances can be considered as Tier-1 capital.

 Banks must comply with the provisions of the State Co-operative
Societies Acts or the Multi-State Co-operative Societies Act, 2002 as
applicable.
Ques : Government of ______ Signed MoU with SBI General

Insurance on DRTPS
_______सरकार ने DRTPS पर SBI जनरि इुंश्योरें स के साथ समझौता ज्ञापन पर
हस्तािर ककए
(a) Tripura / त्रिपरु ा

(b) Assam / असम
(c) Nagaland / नागालैंर्
(d) Meghalaya / मेघालय
(e) Manipur / मणिपरु
Answer : Option C
Explanation :
 Government of Nagaland has signed a Memorandum of Understanding

(MoU) with State Bank of India (SBI) General Insurance Company
Limited for Disaster Risk Transfer Parametric Insurance Solution
(DRTPS) in Kohima, Nagaland.
 With this, Nagaland becomes the 1st state in India to implement a

Disaster Risk Transfer Parametric Insurance Solution (DRTPS).

About Disaster Risk Transfer Parametric Insurance Solution (DRTPS):
 Implemented by : Nagaland State Disaster Management Authority

(NSDMA) & InsuResilience Solution Fund
 Period : 3 years (2024 to 2027)
 Total sum : Rs. 150 crores for 3 years
 Govt share : Rs. 4.20 crores totalling to Rs 12.60 crores
 Objective : To help in protecting the critical infrastructure of Nagaland
and will mitigate economic losses due to a disaster
Ques : ________ and HSBC India Form Bancassurance Partnership

to Distribute Non-Life Insurance Products
_________ और एचएसबीसी इुंडडया ने गैर-जीर्न बीमा उत्पादों को वर्तररत करने
के लिए बैंकएश्योरें स साझेदारी बनाई
(a) Bajaj Allianz General Insurance / बजाज आसलयांज जनरल इंश्योरें स

(b) ICICI Prudential Life Insurance / आईसीआईसीआई प्रर्
ू ेंसियल लाइफ इंश्योरें स
(c) Kotak Mahindra Life Insurance / कोटक महहंद्रा लाइफ इंश्योरें स
(d) Go Digit General Insurance / गो डर्क्जट जनरल इंश्योरें स
(e) SBI General Insurance / एसबीआई जनरल इंश्योरें स
Answer : Option E
Explanation :
 SBI General Insurance Company Limited (SBI General Insurance

) and Hongkong and Shanghai Banking Corporation Limited, India
(HSBC India) or HSBC Bank India have entered into
a bancassurance partnership for the distribution of non-life insurance
products through HSBC India's network.
 The partnership aims to enhance the accessibility and availability of

comprehensive insurance solutions across India.
Ques : IIT Madras has partnered with which bank to launch a
cybersecurity Lab to develop and deploy security solutions in
crucial sectors such as healthcare, fintech and aerospace?
आईआईर्ी मद्रास ने स्र्ास््य सेर्ा, कफनर्े क और एयरोस्पेस जैसे महत्र्पण
ू व िेत्रों में
सरु िा समािान वर्कलसत करने और तैनात करने के लिए साइबर सरु िा िैब शरू
ु करने
के लिए ककस बैंक के साथ साझेदारी की है ?
(a) HDFC Bank / एचर्ीएफसी बैंक

(b) ICICI Bank / आईसीआईसीआई बैंक
(c) Axis Bank / एक्ससस बैंक
(d) IDBI Bank / आईर्ीबीआई बैंक
(e) Yes Bank / यस बैंक
Answer : Option D
Explanation :
 Indian Institute of Technology Madras (IIT Madras) has partnered

with IDBI Bank to launch a cybersecurity Lab to develop and deploy
security solutions in crucial sectors such as healthcare, fintech and
aerospace, among others.
 The lab will focus on creating market-ready IPs in cybersecurity,

productisation and commercialisation of research work, especially for
mobile technologies.
 The lab will focus on cybersecurity in systems deployed in industries

such as banking, automotive, power and telecommunications, among
others, and undertake experimental evaluation and assessment exercises.
 The researchers would also develop test cases for testing, carry out
vulnerability research, and help devise hardening guidelines. It would
help Enterprise Systems in managing cybersecurity risks in real-time.

Ques : ______ has implemented New Insider Trading Rules for
Mutual Funds
______ ने म्यच
ू अ
ु ि फुंड के लिए नए इनसाइडर रे डडुंग ननयम िागू कर र्दए हैं

Answer : Option D
Explanation :
 The Capital markets regulator Securities and Exchange Board of India

(SEBI) has notified November 1, 2024 as the effective date for
the implementation of insider trading rules aimed at enhancing the
integrity and transparency within asset management companies (AMCs).
 As per the notification, an insider cannot trade in the units of a mutual

fund scheme while in possession of unpublished price-sensitive
information (UPSI), which may have a material impact on the net asset
value of a scheme or on the interest of the unit holders of the scheme.
 Under the rule, AMCs will have to disclose the details of holdings in the
units of its mutual fund schemes, on an aggregated basis, held by the
AMC, trustees and their immediate relatives on the platform of stock
exchanges.
Definition of Insider Trading :
 Insider trading, or insider dealing, is the unethical practice of buying or

selling securities, such as stocks or bonds, by individuals with privileged
access to confidential information about a company.

About ICICI Prudential Mutual Fund :
 Founded : 1993
 Headquarters : Mumbai, Maharashtra
 MD & CEO : Nimesh Shah
 It is an Indian asset management company founded as a joint venture
between ICICI Bank and Prudential plc.
Ques : LIC launched how many Term Insurance Products for Youth
?
LIC ने यर्
ु ाओुं के लिए ककतने र्मव इुंश्योरें स उत्पाद िॉन्फ्च ककए?
(a) 2
(b) 3
(c) 4
(d) 5
(e) 6
Answer : Option C
Explanation :
 The Life Insurance Corporation of India (LIC) launched four new

products for the youth of India, including LIC’s Yuva Term/Digi Term,
and LIC’s Yuva Credit Life/Digi Credit Life.
About LIC’s Yuva Term/Digi Term:
 LIC’s Yuva Term: offline and LIC’s Digi Term: Online

 Minimum age : 18 years
 Maximum age : 45 years
 Maturity age : From 33 to 75 years
 Sum assured : Rs 50 lakh to Rs 5 crore

About LIC’s Yuva Credit Life/Digi Credit Life:
 LIC’s Yuva Credit Life: offline and LIC’s Digi Credit Life: Online
 Minimum age : 18 years
 Maximum age : 45 years
 Maturity age : From 23 to 75 years
 Sum assured : Rs 50 lakh to Rs 5 crore
About Life Insurance Corporation (LIC) :
 Established : 1 September 1956

 HQ : Mumbai, Maharashtra
 Chairman : Siddhartha Mohanty
Ques : ___ Directs MFs to Value AT-1 Bonds Based on Yield-to-Call

____ ने एमएफ को यील्ड-र्ू-कॉि के आिार पर एर्ी-1 बाुंड का मल्
ू य ननिावरण करने
का ननदे श र्दया

Answer : Option D

Explanation :
 Securities and Exchange Board of India (SEBI) has directed Mutual

Funds (MFs) to value their investment in the Additional Tier-1 (AT-1)
bonds issued by banks on Yield-to-Call (YTC) basis.
 This direction was issued by SEBI through a circular in exercise of its

powers given under Section 11 (1) of the SEBI Act, 1992 .
 AT-1Bonds : These bonds are also known as perpetual debt instruments

which are issued by banks to raise money and to build up their core
equity capital.
 They do not have a maturity date but include a call option, allowing the
issuer to redeem them after a specific period.
 This change is expected to make it easier for lenders to raise funds

through these instruments and could increase demand for AT-1 bonds
from mutual funds.
Ques : ______ and Edelweiss Life Insurance enter into

bancassurance tie-up
_____ और एडिर्ाइस िाइफ इुंश्योरें स ने बैंकएश्योरें स समझौता ककया
(a) AU Small Finance Bank Limited / एयू स्मॉल फाइनेंस बैंक सलसमटे र्
(b) Capital Small Finance Bank / कैपपटल स्मॉल फाइनेंस बैंक
(c) Suryoday Small Finance Bank / सय
ू ोदय स्मॉल फाइनेंस बैंक सलसमटे र्
(d) Shivalik Small Finance Bank / सिवासलक स्मॉल फाइनेंस बैंक
(e) Ujjivan Small Finance Bank / उज्जीवन स्मॉल फाइनेंस बैंक
Answer : Option B

Ques : _______ Launched “Kisan Ka Samman” to Empower the
Farmers of J&K
____ ने जम्म-ू कश्मीर के ककसानों को सशक्त बनाने के लिए "ककसान का सम्मान"
िॉन्फ्च ककया
(a) J&K Bank / जे एंर् के बैंक

(b) Indian Overseas Bank / इंडर्यन ओवरसीज बैंक
(c) Union Bank of India / यनू नयन बैंक ऑफ इंडर्या
(d) Karnataka Bank / कनाडटक बैंक
(e) Central Bank of India / सेंरल बैंक ऑफ इंडर्या
Answer : Option A
Explanation :
 “Kisan Ka Samman” Launched by Baldev Prakash, Managing

Director (MD) and Chief Executive Officer (CEO), Jammu & Kashmir
(J&K) Bank run till 30th September, 2024.
 Its objective is to empower the farmers of J&K who exhibited

exceptional financial discipline and promptness in their dealings with
banks.
 Also, they will be offered additional loan products under the bank’s
“Kisan Dost” scheme to help them to enhance their agriculture
infrastructure.
About J&K Bank :
 Founded : 1 October 1938

 Headquarters : Srinagar, Jammu and Kashmir, India
 MD & CEO : Baldev Prakash

Ques : Public Sector Banks' Non-Performing Assets on Mudra
Loans Declined to _____ in 2023-24
मद्र
ु ा ऋण पर सार्वजननक िेत्र के बैंकों की गैर-ननष्पार्दत सुंपस्त्त 2023-24 में घर्कर
_____ हो गई
(a) 3%
(b) 3.4%
(c) 3.5%
(d) 3.8%
(e) 3.9%
Answer : Option B
Explanation :
 Finance Minister Nirmala Sitharaman announced that Public-sector

banks’ non-performing assets (NPA) associated with the Mudra loan
category have declined to 3.4% in 2023-24.
 This marks an improvement from 4.77% in FY21, 4.89% in FY20, and

3.76% in FY19.
 In Public Sector Banks, Mudra loan NPAs in private sector commercial

banks fell to 0.95% in 2023-24 from a peak of 1.77% in 2020-21 and
0.67% in 2018-19.
 In Non-Banking Financial Companies (NBFCs), NPAs decreased from

0.47% in 2018-19 to 0.22% in 2023-24.
 In Regional Rural Banks (RRBs), NPAs dropped from 3.86% in 2018-19

to 2.47% in 2023-24.
 The overall NPA on Mudra loans has reduced to 2.10%.

Ques : Google Pay, PhonePe, and Amazon Pay Apply for Inclusion
in _________ Digital Rupee Initiative
Google Pay, PhonePe और Amazon Pay ने _______ की डडस्जर्ि रुपया
पहि में शालमि होने के लिए आर्ेदन ककया है

Answer : Option B
Explanation :
 Five prominent payment companies, including Google Pay, Walmart-

backed PhonePe, and Amazon Pay, have applied to join the Reserve Bank
of India’s (RBI) pilot program for the eRupee, India’s central bank digital
currency (CBDC).
 Fintech firms Cred and Mobikwik have also submitted applications.
 The RBI launched the eRupee pilot in December 2022, but transaction
volumes have declined significantly since an initial surge, reflecting the
challenges central banks worldwide face in popularising digital
currencies.
 E-rupee transactions initially surged but have since declined from over 1
million per day to about 100,000-200,000 per day, reflecting global
challenges in popularizing digital currencies.
 Initially, the RBI restricted eRupee transactions to banks’ mobile

applications. However, in April, the central bank opened the door for
payment companies to participate in the pilot, pending approval.

 The five payment firms are now working closely with the RBI and the
National Payments Corporation of India (NPCI) to integrate eRupee
functionality into their platforms. They are expected to roll out access
over the next three to four months.
 Allowing these popular payment apps to offer eRupee transactions is seen

as a strategic move to boost adoption and expand the user base.
Ques : Ageas Federal Life Insurance Teams Up with _______ to

Provide Instant Term Insurance
एजेस फेडरि िाइफ इुंश्योरें स ने तत्काि र्मव बीमा प्रदान करने के लिए _____ के
साथ साझेदारी की
(a) PhonePe
(b) PayU
(c) Paytm
(d) BHIM
(e) None of these
Answer : Option A
Explanation :
 Ageas Federal Life Insurance is joining forces with PhonePe to

offer Instant Term insurance to their wide-ranging customers.
 Users aged 18 to 45 can apply for the 'Ageas Federal Life Insurance
Group Term Plan' directly through the PhonePe app.
 No medical tests or lengthy documentation required. Simplified

application process through the PhonePe platform.
 Coverage amounts range from 5 lakh to Rs. 25 lakh. Premium payments

can be made either monthly or annually, starting at 5,000 per year.
About Ageas Federal Life Insurance :

 MD & CEO : Vignesh Shahane
About PhonePe :
 Founded : 2015
 Headquarters : Bengaluru, Karnataka, India
 CEO : Sameer Nigam
Ques : ______ Introduces India's 1st Passive Funds Website at

National Stock Exchange and Releases Capital Markets Report
______ नेशनि स्र्ॉक एक्सचें ज में भारत की पहिी पैलसर् फुंड र्ेबसाइर् पेश की और
पुंज
ू ी बाजार ररपोर्व जारी की

Answer : Option D
Explanation :
 The Securities and Exchange Board of India (SEBI) launched India’s first
website for passive funds at the National Stock Exchange (NSE), along
with unveiling a comprehensive report on the Indian Capital Markets.

Ques : HDFC Securities has partnered with which of the following
to Offer Access to Global Investing for Indians and NRIs?
एचडीएफसी लसक्योररर्ीज ने भारतीयों और एनआरआई के लिए र्ैस्श्र्क ननर्ेश तक प
हुुंच प्रदान करने के लिए ननम्नलिखखत में से ककसके साथ साझेदारी की है ?
(a) Muthoot Finance / मथ

ु ट
ू फाइनेंस
(b) PNB Housing Finance Limited / पीएनबी हाउससंग फाइनेंस सलसमटे र्
(c) Vested Finance / ननहहत पवत्त
(d) LIC Housing Finance / एलआईसी हाउससंग फाइनेंस
(e) None of these / इनमें से कोई नह ं
Answer : Option C
Explanation :
 HDFC securities, the leading stock broking company, and a wholly

owned subsidiary of HDFC Bank, announced a strategic tie-up with
Vested Finance, a US-based investment platform for democratising
global investing for Indians and NRIs.
 Global Investing 2.0 will provide a leap to all investors wanting

augmented protection, innovative features, and deep portfolio
diversification.
 As part of this broadening combination of services, HDFC securities

seeks to provide its clients with greater investment opportunities and
features—enhanced through the platform of Vested —that will, in turn,
enrich their overall investment experience.
 A new Vested account with HDFC securities account can easily be

opened and funded within minutes.
About HDFC Securities :
 Founded : 2000
 MD & CEO : Dhiraj Relli
Ques : Reserve Bank of India (RBI) concluded its Monetary Policy
Committee (MPC) meeting maintaining interest rates at _______
भारतीय ररजर्व बैंक (RBI) ने अपनी मौर्द्रक नीनत सलमनत (MPC) की बैठक में ब्याज
दरों को _____ पर बनाए रखा।
(a) 6.2%
(b) 6.4%
(c) 6.5%
(d) 6.6%
(e) 6.7%
Answer : Option C
Explanation :
 The Reserve Bank of India (RBI) concluded its Monetary Policy

Committee (MPC) meeting maintaining the benchmark interest rates at
6.5% by a 4:2 majority.
 This decision marks the ninth consecutive instance of unchanged rates,

reflecting the central bank’s cautious approach to monetary policy in the
face of economic challenges.
 RBI Governor Shaktikanta Das confirmed that the Marginal Standing

Facility (MSF) and Standard Deposit Facility (SDF) rates will remain at
6.75% and 6.25% respectively.
The various rates are as follows :
 Repo Rate 6.50%

 Reverse Repo Rate 3.35%
 Standing Deposit Facility (SDF) 6.25%
 Marginal Standing Facility Rate 6.75%
 Bank Rate 6.75%
 Cash reserve ratio (CRR) 4.50%
 Statutory Liquidity Ratio (SLR) 18.00%
Ques : _____ Extends Interest Subvention Scheme for Agricultural
Loans Up to Rs 3 Lakhs via Kisan Credit Card
_______ ने ककसान क्रेडडर् काडव के माध्यम से 3 िाख रुपये तक के कृवष ऋण के
लिए ब्याज छूर् योजना का वर्स्तार ककया

Answer : Option B
Explanation :
The Reserve Bank of India (RBI) has extended the Modified Interest
Subvention Scheme (MISS) for short-term loans for agriculture and allied
activities available through Kisan Credit Card (KCC) for the financial year
2024-25.
Farmers can avail of loans up to Rs 3 lakh at a concessional interest rate of 7%.
An additional interest subvention of 3% per annum is provided to farmers who

repay loans on time, reducing the effective interest rate to 4%.
The scheme covers short-term crop loans and short-term loans for allied
activities including animal husbandry, dairy, fisheries, and bee keeping.
The limit for crop loan components will take priority for interest subvention and
prompt repayment incentives.
There is a specific sub-limit of Rs 2 lakh within the overall Rs 3 lakh cap for
farmers exclusively involved in allied activities.

Ques : FPEL received USD _____ Funding from IFC, ADB, DEG
Consortium
एफपीईएि को आईएफसी, एडीबी, डीईजी कुंसोर्र्व यम से ______ अमेररकी डॉिर की
फुंडडुंग प्राप्त हुई
(a) 275 million

(b) 225 million
(c) 245 million
(d) 265 million
(e) 270 million
Answer : Option A
Explanation :
 IFC, ADB, DEG Consortium announced an investment of USD 275

million (about Rs 2,280 crore) into renewable energy solutions
platform Fourth Partner Energy Ltd (FPEL).
 The consortium's investment will infuse capital to fund FPEL's business

expansion plans which include a target portfolio of 3.5 GW of renewable
energy assets by 2026.
 FPEL currently has an installed base of 1.5 GW of green assets.
 The company plans to commission the first phase of its 575 MW wind-
solar hybrid project in Karnataka under the ISTS (Inter-State
Transmission System) route later this quarter.
 World Bank's International Finance Corporation (IFC), is leading the

consortium with an investment of USD 125 million, while Asian
Development Bank (ADB) is infusing USD 100 million and Germany's
Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is at USD 50
million to complete this round of fundraising.

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Ques : _______ Withdraws Unrestricted Access for Foreign

Portfolio Investors to New 14-Year and 30-Year Bonds

(a) NABARD / नाबार्ड

 Foreign investors currently hold approximately $1 billion worth of

 FPIs' investments in new 14-year and 30-year bonds will be subject to

 Existing 14-year and 30-year debt securities previously designated

 All FAR-designated central government bonds maturing after December

Follow Us : Official Site Youtube WhatsApp Telegram Insta FB

 HSBC Mutual Fund Unveils Apne #SIPKoDoPromotion Campaign.

 Its objective is to raise awareness and educate investors about the

 The campaign features three 30-second digital films designed to promote

About HSBC Mutual Fund :

Follow Us : Official Site Youtube WhatsApp Telegram Insta FB

 SBI Mutual Fund Unveiled the “SBI Innovative New Opportunities

 The investment objective of the scheme is to provide investors with

 Equity and equity-related instruments of companies expected to benefit

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(a) NABARD / नाबार्ड

 According to the Reserve Bank of India's (RBI) Currency and

 Since 2017-18, domestic digital payments in India have grown at an

 The automotive industry is highly vulnerable to cyber attacks, whereas

 Global cybercrime costs are projected to reach $13.82 trillion by

Follow Us : Official Site Youtube WhatsApp Telegram Insta FB

(a) NABARD / नाबार्ड

 The Securities and Exchange Board of India (SEBI) has proposed a

Phase 1: Minimum value of derivatives contract at the time of introduction to

 The SEBI also proposed weekly options contracts to be provided on a

 The SEBI has proposed a series of short-term measures to curb

Follow Us : Official Site Youtube WhatsApp Telegram Insta FB

(a) Bank of India /बैंक ऑफ इंडर्या

 Bank of Maharashtra (BoM) plans to raise up to Rs.3,000 crore

 Founded : 16 September 1935

Follow Us : Official Site Youtube WhatsApp Telegram Insta FB

(a) Mobi Kwik

 One 97 Communications Limited (OCL), Paytm's parent company,

 Allows customers to tap a debit or credit card or scan a QR code to

 Equipped with a 10-day battery life, instant audio confirmation, and a

 Paytm had previously pioneered the Soundbox, which provides audio

 Supports audio payment notifications in 11 languages: English, Hindi,

Follow Us : Official Site Youtube WhatsApp Telegram Insta FB

 NFC stands for Near Field Communication.

 Established : August 2010

Ques : ______ Secures $750 Million Through Offshore Term Loan

(a) Canara Bank / केनरा बैंक

 Other arrangers included DZ Bank, National Bank of Umm Al

 SBI plans to focus on expanding its business through

Ques : ______ Collaborates with C2treds and UGRO Capital to

(a) NABARD / नाबार्ड

 The Small Industries Development Bank of India (SIDBI) has

(a) NABARD / नाबार्ड

 For investor protection, the Securities & Exchange Board of India

 The chatbot can answer questions related to general information on

 It is available on SEBI’s investor website and the SAARTHI mobile app

 Based on user feedback, additional areas will be added to the chatbot's

 A chatbot is a computer program designed to simulate human

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(a) South Indian Bank / साउथ इंडर्यन बैंक

 NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a

 It is a critical part of NIIT’s Talent Pipeline as a Service (TPaaS)