1. Which institution has operationalized the Urban Infrastructure Development Fund (UIDF)?
<p>The National Housing Bank (NHB) has launched the Urban Infrastructure Development Fund (UIDF) with an initial corpus of Rs 10,000 crore. Announced in this year's Budget, the UIDF aims to enhance urban infrastructure in tier-2 and tier-3 cities, providing stable financing to support state governments' efforts in these areas.</p>
2. ‘Secondary Towns Development Sector Project’ is associated with which state/UT?
The 'Secondary Towns Development Sector Project' is associated with [A] Rajasthan.
The recent agreement with the Asian Development Bank (ADB) involves a USD 200 million loan to enhance water supply, sanitation, urban resilience, and heritage preservation in secondary towns in Rajasthan.
3. As per a recent RBI study, which state topped the list of states that attracted investment funds from banks and financial institutions in 2022-23?
In 2022-23, Uttar Pradesh led in attracting investment funds from banks and financial institutions, accounting for 16.2% of the total project cost sanctioned. This was followed by Gujarat, Odisha, Maharashtra, and Karnataka.
4. What is India’s Gross Domestic Product (GDP) percent in the April-June quarter of the current fiscal (2023-2024)?
The data indicates that India’s GDP growth for FY 2023-24 has risen to 8.2%, with the GDP growth for the April-June quarter (Q1) moderating to 7.8%.
This shows a robust overall growth rate for the fiscal year, with a slight moderation in the initial quarter.
5. Which bank launched the ‘Nation First Transit Card’ to facilitate seamless customer commuting experience?
The State Bank of India (SBI) launched the 'Nation First Transit Card' to facilitate seamless and convenient digital fare payments for customers.
6. Which company has been roped in as the title sponsor for MotoGP Bharat?
IndianOil is the title sponsor for MotoGP Bharat, which will be held at the Buddh International Circuit in Greater Noida from September 22 to 24. The event is organized by Fairstreet Sports.
7. Which organisation released guidelines on ‘Bima Vahaks’?
The Insurance Regulatory and Development Authority of India (IRDAI) introduced the 'Bima Vahak' guidelines to enhance insurance inclusion through a women-centric distribution channel.
These guidelines, effective from the launch of Bima Vistaar, aim to deploy Bima Vahaks in every gram panchayat by December 31, 2024, to boost insurance awareness and accessibility.
8. Which institution announced a regulatory framework for Index Providers?
The Securities and Exchange Board of India (SEBI) announced a regulatory framework for Index Providers.
This framework is designed to ensure transparency and governance in the creation and management of financial indices used in investments and trading.
9. Which institution is the regulator of entities facilitating payment and settlement for online cross border transactions?
The RBI has established regulations for entities facilitating payment and settlement for online cross-border transactions, classifying them as Payment Aggregators – Cross Border (PA-CB) under the Payment and Settlement Systems Act. Key requirements include:
Non-bank PA-CBs must have a minimum net worth of ₹15 crore at the time of application, increasing to ₹25 crore by March 31, 2026.
New non-bank PA-CBs need a minimum net worth of ₹15 crore at application and must reach ₹25 crore by the end of their third financial year post-authorisation.
The maximum value per transaction is capped at ₹25 lakh.
10. The Government of India signed a $400 million policy-based loan with which institution to support urban services?
The Government of India signed a $400 million policy-based loan with the Asian Development Bank (ADB) to enhance urban infrastructure, improve service delivery, and promote efficient governance.
This loan supports India's urban reform agenda by advancing investment planning and reforms at the state and local levels.
11. Rupee-denominated bonds that Indian entities issue outside of India are called_?
The Union Minister for New and Renewable Energy and Power reported that the draft National Electricity Plan (2023), prepared by the Central Electricity Authority (CEA), estimates the fund requirement for solar and wind generation projects from FY 2022 to 2032 at Rs. 20.67 lakh crore.
To support the financing of Renewable Energy Projects, the Government of India raised Sovereign Green Bonds worth Rs. 16,000 crore during FY 22-23, with Rs. 6,186 crore allocated specifically for renewable energy. Additionally, the Indian Renewable Energy Development Agency (IREDA) issued Green Masala Bonds amounting to USD 300 million in October 2017 to fund green energy projects in India.
12. Which is the sponsor bank of the National Asset Reconstruction Company (NARCL)?
Canara Bank is the sponsor bank of the National Asset Reconstruction Company (NARCL), which was established in 2021.
NARCL aims to resolve distressed assets under the Insolvency and Bankruptcy Code (IBC). It helps manage and reconstruct non-performing loans, with public sector banks holding a majority stake.
13. Recently, Cotton Corporation of India (CCI) was making news for undertaking minimum support price operations for cotton in India. Where are headquarters of Cotton Corporation of India (CCI)?
The Cotton Corporation of India (CCI), headquartered in Mumbai, ensures cotton farmers receive fair prices by purchasing cotton at the Minimum Support Price (MSP) when market rates fall below this threshold.
This year, CCI’s purchases have been limited as market prices mostly exceeded MSP, though challenges like pink bollworm infestations persist.
14. Recently, India has signed an agreement with which country for the exploration and mining of lithium?
India's state-owned Khanij Bidesh India Ltd. (KABIL) has signed a $24 million agreement with Argentina's CATAMARCA MINERA Y ENERGÉTICA SOCIEDAD DEL ESTADO (CAMYEN SE) for lithium exploration and mining.
This landmark deal grants KABIL exclusive rights to explore five lithium brine blocks in Catamarca province, marking India's first lithium mining venture by a government-owned entity.
The agreement is pivotal for India's energy transition and sustainability goals.
15. Money2India (Canada) app, recently seen in the news, launched by which bank?
The Money2India (Canada) app by ICICI Bank Canada enables seamless 24/7 money transfers from Canada to any bank in India. Available on both the App Store and Play Store, it supports future-dated or recurring transfers with a daily limit of USD 20,000 to over 100 Indian banks.
16. Recently, which department launched the ‘StartupShala’, a flagship accelerator program of startup India?
The StartupShala program, initiated by the Department for Promotion of Industry and Internal Trade (DPIIT), is aimed at accelerating early-stage startups.
It provides essential resources and opportunities through a network of incubation centers, educational institutions, and corporate partners, supporting startups in scaling and achieving their growth objectives.
17. As per the Financial Incentive scheme, what per cent of Gross State Domestic Product (GSDP) is available to the States for borrowing?
<p>The Department of Expenditure provided financial incentives to States for implementing power sector reforms by allowing them an additional borrowing space of up to 0.5% of their Gross State Domestic Product (GSDP) annually.</p>
<p>This incentive scheme is in place for a four-year period from 2021-22 to 2024-25. As a result, a total of 12 states have received Rs. 66,413 crores in incentives for their efforts in implementing these reforms.</p>
18. Which institution is set to release a consultation paper on ‘Finfluencers’?
Finfluencers, who use social media to provide financial advice and insights, have become increasingly prominent.
SEBI's plan to release a consultation paper aims to regulate this space by establishing guidelines to ensure transparency and protect investors.
This move reflects SEBI's efforts to address the challenges posed by the growing influence of these financial influencers in the market.
19. Which Union Ministry has launched the ‘Company Law Committee (CLC)’?
The Company Law Committee (CLC) was indeed established by the Ministry of Corporate Affairs in 2019.
Its mandate includes exploring regulatory measures tailored to startups and addressing corporate governance issues.
This initiative aims to create a more conducive environment for startups while ensuring robust governance practices
20. ‘P.R. Seshadri’ has been appointed as the new MD & CEO of which bank?
P.R. Seshadri has been appointed as the Managing Director and CEO of South Indian Bank, with the appointment set to take effect from October 1.
His prior experience includes serving as MD & CEO of Karur Vysya Bank, as well as holding significant roles at Citibank. This appointment reflects his extensive experience in the banking sector.
21. International Finance Corporation (IFC) is set to invest up to $100 million in which Indian company?
International Finance Corporation (IFC) is set to invest up to $100 million in IIFL Home Finance Limited (IIFL HFL) to increase access to housing finance for economically weaker sections (EWS) and low-income groups (LIG), including women borrowers in India.
This investment aims to catalyze India’s affordable housing sector, foster eco-friendly construction practices, and contribute to India’s climate objectives.
22. Which company has introduced India’s first UPI-ATM in partnership with NPCI?
Hitachi Payment Services, a subsidiary of Japan-based Hitachi, introduced India’s first UPI-ATM in partnership with the National Payments Corporation of India (NPCI) during the Global Fintech Fest in Mumbai.
This UPI-ATM allows customers to withdraw cash without the need for a debit or credit card. The Unified Payments Interface (UPI) is a mobile payment method operated by NPCI that enables instant and free fund transfers between bank accounts.
23. Finance Ministry notified the constitution of how many Appellate Tribunals for the Goods and Services Tax (GST)?
The Finance Ministry notified the constitution of 31 Appellate Tribunals across 28 States and eight UTs for the Goods and Services Tax (GST).
The tribunals were set up to resolve a growing number of taxpayer disputes with the Revenue Department. Of the 31 Benches in 28 States and UTs, the highest number is in Uttar Pradesh.
24. Which company launched ‘Indus Appstore’ developer platform?
PhonePe announced the launch of the Indus Appstore developer platform as a Made-in-India app store. Currently, app developers work primarily with the Google Play Store. For startups and new app launches, the Indus Appstore will feature a dedicated destination called ‘Launch Pad’ to provide these new apps with better visibility.
25. Which institution released the report on ‘Report on Management of Foreign Exchange Reserves’?
According to the Reserve Bank of India’s (RBI) Report on Management of Foreign Exchange Reserves, the share of India’s foreign currency assets deployed in overseas securities rose to 81.43% by September from 80.76% in March.
Conversely, the share of money kept in deposits with other central banks and the Bank for International Settlements (BIS) declined to 13.49% at the end of September from 14.82% at the end of March 2023.
26. 6Eskai is a new Chatbot launched by which company?
IndiGo has launched an AI chatbot named 6Eskai, powered by GPT-4 technology.
The chatbot is designed to address travelers’ queries in 10 different languages and facilitate ticket booking across IndiGo’s entire network.
Developed in-house by IndiGo’s digital team in collaboration with Microsoft, 6Eskai can handle ticket bookings, apply discounts, book add-ons, perform web check-ins, assist with seat selection, plan trips, answer FAQs, and connect customers with agents.
Additionally, the chatbot can understand verbal instructions through speech-to-text models.
27. Which institution built the Bharat Bill Payments (BBPS)?
Bharat Bill Payments (BBPS) is a platform developed by the National Payments Corporation of India (NPCI) to digitize the country’s utility bill payments market.
It is increasingly being used for loan repayments and clearing credit card dues.
Just as utility bills are generated monthly, EMIs (equated monthly installments) are also generated on specific dates for borrowers.
Customers can use various payment methods to clear their EMI dues, and the BBPS platform is becoming a popular tool for this purpose.
28. Which institution has approved a $250 million policy-based loan to support the development of industrial corridors in India?
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<p>The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the development of industrial corridors in India.</p>
<p>This initiative aims to enhance the competitiveness of the manufacturing sector, strengthen national supply chains, and improve connections with regional and global value chains.</p>
<p>Additionally, the project seeks to create a significant number of high-quality jobs.</p>
<p>The support from ADB aligns with the National Industrial Corridor Development Program (NICDP), which was initiated by the Government of India in 2016 and updated in 2020.</p>
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29. Which state government signed an MoU with Jakson Green for a green hydrogen project?
Jakson Green signed an MoU with the government of Rajasthan to set up a green hydrogen and green ammonia project. This partnership is significant as India aims to become a global hub for green hydrogen production and export by 2030.
Jakson Green is also exploring potential sites in Gujarat and Tamil Nadu for scaling up its projects. The collaboration with Rajasthan contributes to the nation's decarbonization goals.
30. What is the amount of hydropower India has agreed to purchase from Nepal according to the recent agreements signed between the two countries?
India has agreed to purchase 10,000 MW of hydropower from Nepal according to recent agreements. This arrangement will enable the export of 10,000 MW of electricity from Nepal to India over the next 10 years.
The agreement, signed during comprehensive talks between Indian External Affairs Minister S. Jaishankar and his Nepalese counterpart N.P. Saud, highlights the strengthening of bilateral ties and cooperation in the energy sector.
It represents a significant step toward enhancing energy security and promoting sustainable energy development in the region.
31. Which corporate group made the highest contribution to electoral trusts in India during 2022-23 as per the ADR report?
According to the ADR report, Megha Engineering & Infrastructures contributed ₹87 crore, the highest among corporates, to electoral trusts for political funding during 2022-23.
This was followed by the Serum Institute of India, which contributed ₹50.25 crore. The top 10 donors accounted for 90.66% of the total corporate contributions received by these trusts.
32. Which ministry has received the highest budgetary allocation in the Interim Budget 2024?
For the Financial Year 2024-25, the Defence Budget has been allocated Rs 6,21,540.85 crore, representing 13.04% of the total Union Budget.
This allocation to the Ministry of Defence (MoD) is the highest among all ministries and reflects an 18.35% increase from FY 2022-23.
The budget emphasizes self-reliance and exports, with detailed allocations including 27.67% for capital, 14.82% for revenue, 30.68% for pay and allowances, 22.72% for defence pensions, and 4.11% for civil organizations under MoD.
33. ‘Annual Financial Literacy’ week campaign, is recently organized by which one of the following?
The Reserve Bank of India (RBI) has been organizing Financial Literacy Week (FLW) annually since 2016. The 2024 FLW will be observed from February 26 to March 1, 2024, with the theme “Make a Right Start – Become Financially Smart.”
The initiative aims to enhance financial literacy by disseminating financial education messages to the public.
34. Gevra mine, recently seen in the news, is located in which state?
As of March 2024, the Gevra mine in Chhattisgarh is set to become the largest coal mine in Asia. It is a subsidiary of Coal India and part of the South Eastern Coalfield Limited (SECL).
The mine recently received environmental clearance to boost its production capacity from 52.5 million tons per year to 70 million tons per year.
It also features first-mile connectivity, including a conveyor belt, silos, and a rapid loading system, aimed at ensuring eco-friendly coal evacuation.
35. NHPC, India’s largest hydropower utility, recently secured a loan from which country for renewable projects in Bikaner, Rajasthan?
NHPC Limited, India’s largest hydropower utility, secured a JPY 20.00 billion loan from the Japan Bank for International Cooperation (JBIC) for renewable energy projects.
This includes a 300 MW solar project in Bikaner, Rajasthan, under the CPSU 1000 MW Scheme. The loan, facilitated by MUFG Bank Ltd Japan and Bank of Yokohama Ltd Japan, marks NHPC’s first venture into JBIC financing for renewables.
The Bikaner Solar Project aligns with India's goal of achieving Net Zero emissions by 2070 and supports JBIC's GREEN Operations program, which focuses on environmental preservation.
36. Where is the world’s largest hybrid renewable energy park being established?
Adani Green Energy Limited is constructing the world’s largest renewable energy park in Khavda, located in Gujarat's Kutch district.
Covering 538 square kilometers—five times the size of Paris—the park aims to achieve a planned capacity of 30 GW with an investment of Rs 1.5 lakh crore. Currently, it produces 2 GW, with plans to expand to 6 GW by March 2025.
Located just 1 km from Pakistan’s border, the park focuses on solar energy and is expected to generate 81 billion units, sufficient to meet the electricity demands of countries like Belgium, Chile, and Switzerland.
37. Which Indian state topped in electronic exports in FY 2023-24?
Tamil Nadu topped the list in electronic exports for the financial year 2023-24, achieving a record $9.56 billion in exports. This amount represents approximately one-third (33%) of India's total electronics exports.
38. Recently, which country has overtaken India as the primary importer of Russian crude oil through sea routes?
According to a report from energy cargo tracker Vortexa, China has overtaken India as the primary importer of Russian crude oil through sea routes.
In March 2024, China imported 1.82 million barrels per day (bpd) of Russian crude, surpassing India’s 1.36 million bpd.
This shift is attributed to India's slowdown in imports due to sanctions and rising prices.
Prior to the Ukraine conflict, Russian oil made up only 2% of India's total oil imports in the fiscal year 2021-22.
Following the invasion, Russia became a major supplier for India due to substantial discounts on oil prices.
39. What is the government of India’s target for coal production by the captive and commercial coal blocks in the 2024-25?
The Indian government aims to produce 170 million tonnes of coal in 2024-25, a 26% increase from the 147.1 million tonnes in 2023-24.
Coal India Limited targets producing one billion tonnes. India nationalized coal mining in 1973, with private sector involvement later permitted.
Captive mining has been allowed since 1993 for industries such as iron, steel, power generation, and cement. Commercial mining, open to private firms since 2020, enables them to mine and sell coal domestically.
40. Recently, which port has been approved as India’s first transshipment port by the shipping ministry?
Adani Group’s Vizhinjam Port in Kerala has been approved as India’s first transshipment port by the shipping ministry.
It is set to become the country’s first full-fledged deepwater transshipment port, designed to handle the transfer of cargo between ships en route to their final destinations.
Vizhinjam Port's strategic location is expected to attract large vessels and support the Maritime India Vision 2030, which aims to enhance the country's maritime infrastructure and boost manufacturing.
41. Which regulatory body in India recently approved changes in mutual fund regulations to prevent front-running?
SEBI has approved changes in mutual fund regulations to combat front-running in Indian asset management companies (AMCs).
Front-running involves trading based on non-public information ahead of large transactions, which can distort asset prices and affect market integrity.
SEBI's new regulations aim to prevent such practices and protect investor interests by enhancing transparency and accountability in asset management.
42. What is another name for ‘India VIX’, recently seen in news?
India VIX, often referred to as the "Fear Index," measures market volatility expectations and reflects investor sentiment regarding potential market fluctuations.
A rising India VIX suggests increased anticipated volatility, which can signal investor caution. Launched by the NSE in 2010, it aligns with the Indian stock market, similar to the global volatility gauges like the CBOE VIX, which tracks the S&P 500.
43. Which institute recently introduced a new high-yielding wheat seed variety, HD 3386?
The introduction of the HD 3386 wheat seed variety by the Indian Agricultural Research Institute (IARI) marks a significant advancement in wheat cultivation.
This new variety offers resistance to common diseases like leaf rust and yellow rust, which are prevalent in key wheat-growing regions of northwest India.
The development aligns with IARI’s role in advancing agricultural research and improving crop varieties, continuing its legacy from the Green Revolution era.
44. What is the purpose of the Stand-By Arrangement (SBA) in the context of recent IMF’s assistance to Pakistan?
The Stand-By Arrangement (SBA) provided by the International Monetary Fund (IMF) is designed to offer short-term financial assistance to countries facing balance of payments problems.
In the context of recent IMF assistance to Pakistan, the SBA aims to provide financial support to help stabilize the country's economy and address urgent balance of payments needs.
This arrangement is typically used to support economic reforms and provide liquidity to countries facing temporary financial difficulties.
45. Which bank has recently collaborated with RBI to revolutionize agricultural lending through digitalization?
NABARD has partnered with RBIH to enhance the digitalization and efficiency of agricultural loan processing.
This collaboration is focused on leveraging technology to streamline and expedite the approval and disbursement of agricultural loans, thus improving access to credit for farmers and supporting the agricultural sector.
46. Khavda Renewable Energy Park, recently seen in news, is located in which state?
The Khavda Renewable Energy Park, established by Adani Green Energy Ltd (AGEL) in Gujarat, is set to be the world’s largest renewable energy park.
It spans 538 square kilometers and aims for a 45 GW capacity, focusing primarily on solar power.
The park's strategic location in Gujarat's Kutch region leverages high solar radiation and wind speeds, contributing significantly to India's clean energy goals.
47. Recently, which ministry has granted Authorized Economic Operator (AEO) status to the gem and jewellery sector?
The Authorised Economic Operator (AEO) status granted by the Ministry of Finance aims to improve trade facilitation and security in the gem and jewellery sector.
This status streamlines customs procedures and aligns with global standards for securing supply chains, enhancing efficiency and reducing clearance times.
Asian Star is the first recipient, benefiting from quicker customs processing and improved trade practices.
48. Bima Vistaar, recently seen in the news, is launched by which organization?
The IRDAI’s Bima Vistaar is indeed a significant step towards increasing insurance coverage, especially in rural areas.
By combining various types of insurance under one policy, it simplifies the process and makes it more accessible.
The affordable pricing and comprehensive coverage aim to broaden the reach of insurance products and enhance financial security for individuals in underserved regions.
49. What is the primary objective of ‘CDP-SURAKSHA’ platform, recently seen in news?
The CDP-SURAKSHA platform launched by the Government of India aims to streamline the disbursement of subsidies to horticulture farmers.
By integrating with PM-KISAN and utilizing e-RUPI vouchers, it ensures efficient and instant subsidy transfer. Key features include UIDAI validation, e-RUPI integration, and geotagging, which facilitate accurate and timely delivery of support to farmers.
50. Bharat Earth Movers Limited has recently signed an MoU with which company to jointly develop an indigenous Train Control Management System?
Bharat Earth Movers Limited (BEML) has signed an MoU with Bharat Electronics Limited (BEL) to jointly develop an indigenous Train Control Management System (TCMS).
This collaboration aims to enhance the capabilities of Indian railways by creating a locally developed, state-of-the-art TCMS.
51. Recently, Union Minister of Science & Technology inaugurated the first-of-its-kind “National Speed Breeding Crop Facility” at which place?
The Union Minister of Science & Technology inaugurated the "National Speed Breeding Crop Facility" at the National Agri-Food Biotechnology Institute (NABI) in Mohali, Punjab. This facility aims to enhance the development of crop varieties through advanced breeding techniques, supporting agricultural innovation in India.
52. Recently, which payment bank signed an MoU with Hindustan Zinc Limited (HZL) to enhance financial inclusion in rural Rajasthan?
The partnership between India Post Payments Bank (IPPB) and Hindustan Zinc Limited (HZL) is a significant step toward enhancing financial inclusion in rural Rajasthan.
By providing access to banking services and financial products, this collaboration not only facilitates convenience for rural residents but also empowers them to engage in financial activities, including serving as Individual Business Correspondents.
This initiative aligns with broader goals of financial inclusion and support for government welfare schemes in the region.
53. Recently, UPI payment system has been launched in which two countries?
Prime Minister Narendra Modi, along with Sri Lankan President Ranil Wickremesinghe and Mauritian Prime Minister Pravind Jugnauth, inaugurated UPI services in Sri Lanka and Mauritius, and RuPay card services in Mauritius.
This initiative is designed to strengthen economic ties and improve financial connectivity between the countries, offering greater convenience to their citizens.
54. What is the present estimated demand for hydrogen in Uttar Pradesh?
Uttar Pradesh's estimated hydrogen demand is indeed 900,000 tonnes per year, with primary consumption in the fertilizer and refinery sectors.
The state plans to establish two centers of excellence for green hydrogen research and aims to build a one million tonne per annum (mtpa) green hydrogen production capacity.
This initiative is expected to generate around 120,000 jobs and increase hydrogen blending in various consumption areas.
55. Which bank is collaborated with Veefin Solutions to launch the digital Supply Chain Finance platform, SmartFin?
Yes Bank and Veefin Solutions have launched SmartFin, a digital Supply Chain Finance (SCF) platform.
This platform is designed to enhance the financial efficiency of Micro, Small, and Medium Enterprises (MSMEs) by offering end-to-end digital SCF solutions.
It helps improve working capital for suppliers and dealers by providing timely and efficient digital SCF loans.
SmartFin integrates with corporate clients to streamline the financing process, aiming to support their business objectives and boost financial stability.
The platform represents a significant advancement in digital finance, leveraging technology to simplify and optimize supply chain funding.
56. Recently, which state was ranked as the Best Performer in the Indian startup ecosystem ranking for 2022?
Tamil Nadu was indeed ranked as the Best Performer in the 2022 Startup India State Startup Rankings, thanks to its comprehensive support system for startups, including the establishment of new funds and strategic initiatives.
The state's efforts have contributed significantly to its vibrant startup ecosystem.
57. As of 2024, for how many sectors is the Government of India running Performance Linked Incentive (PLI) schemes?
The Government of India’s Performance Linked Incentive (PLI) schemes span across 14 sectors, aiming to enhance manufacturing and boost exports.
The diverse sectors include Mobile Manufacturing, Critical Key Starting Materials, Drug Intermediaries, Speciality Steel, and Automobiles, among others.
These schemes are integral to India's strategy for self-reliance and global competitiveness, focusing on increasing domestic production capabilities and positioning India as a significant player in the global supply chain.
58. The term “middle-technology trap” was making news in context with which country recently?
The term “middle-technology trap” was recently making news in the context of China.
This term refers to a situation where a country becomes stuck at a level of technological advancement that is neither high-tech nor low-tech, which can hinder its progress toward becoming a global leader in innovation and advanced industries.
China has been addressing this challenge as it seeks to transition from being a manufacturing hub to a leader in cutting-edge technologies.
59. TDK Corporation, which announced to make iPhone Li-ion battery cells in India, is from which country?
TDK Corporation, a global lithium-ion (Li-ion) battery cell supplier from Japan, is set to manufacture battery cells in India for iPhones assembled locally.
The cells will be provided to Apple’s Li-ion battery assembler, Sunwoda Electronics.
TDK, which acquired Hong Kong-based Amperex Technology Ltd in 2005, has recently purchased 180 acres in Haryana for setting up a manufacturing unit, expanding its production capabilities to support the growing demand for Li-ion batteries.
60. Which private bank launched a Global service account (GSA)?
Kotak Mahindra Bank's new Global Service Account (GSA) aims to support companies in the service export sector with comprehensive banking solutions. The account features include:
Advisory Services: Guidance on forex markets and trends to help businesses gain a competitive edge.
Expert Trade Insights: Access to trade experts and innovative digital solutions.
Business Financing: Up to Rs 2 crore for short-term needs like salaries and vendor payments.
The service export sector, which contributes 40% of India’s total exports, saw significant growth of 26.8% in FY23, reaching $323 billion.
61. How many corridors are being developed under the National Industrial Corridor Development Programme (NICP)?
On December 15, 2023, India and the Asian Development Bank (ADB) signed a $250 million policy-based loan to advance the National Industrial Corridor Development Programme (NICP).
This funding aims to enhance manufacturing competitiveness, strengthen national supply chains, and integrate with regional and global value chains.
The NICP is designed to create high-quality industrial facilities and futuristic cities across India.
It focuses on developing 11 industrial corridors to boost economic growth and job creation.
The programme is managed by the Department of Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
62. Which city is the location of Maharashtra’s first Multi Modal Logistics Park (MMLP) under the ambitious PM Gati Shakti National Master Plan?
The Nagpur Multi-Modal Logistics Park (MMLP) is set to be Maharashtra's first major logistics hub under the PM Gati Shakti National Master Plan.
Developed through a public-private partnership by National Highways Logistics Management Ltd, this Rs. 673 crore project will span 150 acres.
It will feature both rail and road connectivity, enhancing logistical efficiency and infrastructure in the region.
The park is designed to streamline freight movement and bolster the state’s transport network, supporting economic growth and improving supply chain management.
63. The National Stock Exchange (NSE) signed MoU with which state to help small and medium enterprises (SMEs) raise funds through the capital market?
The National Stock Exchange (NSE) of India and the West Bengal government have signed a Memorandum of Understanding (MoU) to support small and medium enterprises (SMEs) in raising funds through the capital market.
This collaboration focuses on increasing awareness among MSMEs about fundraising opportunities via the Initial Public Offering (IPO) mechanism on NSE Emerge, which is the NSE's dedicated platform for SMEs.
The initiative aims to enhance the access of West Bengal's MSMEs to capital and foster their growth through public market financing.
64. ‘Tokenisation’, which was seen in the news, is associated with_:
Tokenisation, particularly in the context of payment security, involves replacing actual card details with an alternate code called a token.
This process enhances the security of online transactions by ensuring that sensitive payment information is not directly exposed during the transaction.
The Reserve Bank of India (RBI) introduced Card-on-File Tokenisation (CoFT) to protect card data by allowing token creation through merchants' applications or webpages.
The RBI's recent proposal to enable CoF token creation directly at the issuer bank level aims to further secure and streamline payment processes.
65. Which Indian institution has tied up with Japan Bank for International Cooperation to launch ‘India-Japan Fund’?
The National Investment and Infrastructure Fund (NIIF) and the Japan Bank for International Cooperation (JBIC) have launched the $600 million India-Japan Fund.
This fund is designed to promote collaboration and investment in climate and environmental projects between India and Japan.
The Government of India will contribute 49% of the fund's corpus, while JBIC will contribute the remaining 51%.
This initiative aims to strengthen bilateral economic ties and support sustainable infrastructure development in India.
66. Which company is set to construct Micron’s semiconductor assembly and test plant in Gujarat?
TATA Projects has been awarded the contract to construct Micron Technology's semiconductor assembly and test plant in Sanand, Gujarat.
This facility will be the first of its kind in India, focusing on the assembly and testing of DRAM (dynamic random access memory) and NAND (non-volatile flash memory) components.
67. The import of which product has been recently prohibited if its value per unit is less than Rs.20?
The Directorate General of Foreign Trade (DGFT) has issued a notification prohibiting the import of cigarette lighters with a unit price of less than Rs. 20.
This includes pocket lighters, whether gas-fueled, non-refillable, or refillable.
The aim is to discourage the import of low-cost lighters, although imports are still allowed if the CIF (Cost, Insurance, and Freight) value is Rs. 20 or more per unit.
68. What is the Net direct tax collections till July, in this financial year?
The net direct tax collections for the period from April 1 to July 9 this year grew by 15.8% to Rs 4.75 lakh crore.
This represents 26.05% of the total budget estimate of Rs 18.23 lakh crore for the financial year 2023-24.
This growth reflects increased economic activity and improved tax compliance.
69. Which organisation introduced six new mutual fund strategies under ESG theme?
SEBI's new guidelines have expanded the scope for ESG mutual funds by allowing asset management companies to introduce funds under six different strategies.
This change provides greater flexibility and options for investors interested in sustainable and socially responsible investments.
It also marks a significant shift from the previous restriction of having only one ESG-themed equity scheme per asset management company.
This move aims to foster more diverse and innovative ESG investment options, aligning with global trends towards sustainable finance.
70. As of 2023, how many people were declared as Fugitive Economic Offenders in India?
Under the Fugitive Economic Offenders Act (FEOA) introduced in 2018, 10 individuals have been declared as fugitive economic offenders by various courts.
This action was taken against 19 people booked by the Enforcement Directorate, who were involved in economic frauds totaling over Rs 40,000 crores.
The act enables the government to confiscate properties of individuals who flee the country to avoid prosecution for significant economic crimes.
71. What is the Goods and Services Tax (GST) on full face value of online gaming?
The Goods and Services Tax (GST) Council has decided to impose a 28% GST on the full-face value of bets placed on online gaming, casinos, and horse-trading, effective from October 1.
This rate applies to the total amount of the bet or wager, not just the winnings.
72. Which Indian company signed MoU with Skoda Group for a joint venture to produce components for Indian railway and public mobility?
<p>Tata AutoComp's partnership with Skoda Group is aimed at enhancing the production of components for the Indian railway and public mobility sectors.</p>
<p>This joint venture will leverage Skoda's expertise and Tata AutoComp's local presence to support the development of India's infrastructure and transportation network.</p>
73. Which institution issued guidelines to strengthen cyber security and cyber resilience framework for stock exchanges?
The Securities and Exchange Board of India (SEBI) has issued guidelines to enhance the cybersecurity and cyber resilience of stock exchanges and other market infrastructure institutions (MIIs). Key measures include:
Offline, Encrypted Backups: MIIs must maintain offline, encrypted backups of data.
Regular Testing: These backups should be tested at least quarterly to ensure they are secure and effective.
These steps are aimed at safeguarding the integrity, confidentiality, and availability of critical data and systems in the financial markets.
74. Nifty 50 hits which mark for the first time, on the following day of the G20 Summit?
The Nifty 50 hitting the 20,000 mark for the first time the day after the G20 Summit is a notable achievement.
The index advanced for seven consecutive days, with significant contributions from major companies like Reliance Industries, HDFC Bank, Axis Bank, ICICI Bank, and Adani Ports & SEZ.
The move from 19,000 to 20,000 points took 52 trading sessions, highlighting a period of sustained growth and market confidence.
75. IREDA has signed MoUs with which institution for financing Renewable Energy Projects?
The Indian Renewable Energy Development Agency (IREDA) has indeed signed a Memorandum of Understanding (MoU) with Bank of Maharashtra (BoM) to support and finance renewable energy projects in India.
This collaboration focuses on co-lending and loan syndication, enabling BoM to invest in bonds issued by IREDA, thereby strengthening the financing of renewable energy initiatives.
76. What is the retail inflation recorded in August, in India?
India’s retail inflation eased to 6.83% in August 2024, down from 7.44% in July. This decrease was attributed to a cooling in vegetable prices.
Despite the reduction, the inflation rate remained above the Reserve Bank of India's tolerance band.
77. The Ministry of Finance approved welfare measures for the benefit of employees of which institution?
The Ministry of Finance approved welfare measures for the benefit of employees of the Life Insurance Corporation of India (LIC). The measures include enhanced insurance coverage, improved medical benefits, and other employee welfare initiatives.
78. Data Quality Index (DQI), which was seen in the news, is associated with which institution?
The Data Quality Index (DQI) was initially introduced by the RBI in June 2014 to assess and improve the quality of data submitted by Credit Institutions (CIs) to Credit Information Companies (CICs).
The RBI's recent directive extends the use of DQI to both commercial and microfinance segments, with CICs required to create and provide DQIs for these segments to all member credit institutions by March 31, 2024.
This step aims to further enhance the accuracy and reliability of credit data in the financial system.
79. Investor Risk Reduction Access (IRRA) platform ahs been developed by _?
The Investor Risk Reduction Access (IRRA) platform was indeed launched by SEBI at the Bombay Stock Exchange (BSE).
It is designed to protect investors by providing a safety net in case of technical issues faced by trading members or stock brokers.
The platform helps in reducing risks and ensuring that investor interests are safeguarded during technical disruptions.
80. What is the main purpose of the Universal Service Obligation Fund (USOF), recently seen in news?
The Universal Service Obligation Fund (USOF), established in 2003, aims to bridge the rural-urban digital divide by supporting telecom service providers in expanding services to underserved and rural areas.
It provides financial subsidies through Net Cost or Viability Gap Funding to make telecom services affordable in commercially non-viable regions.
Funded by a Universal Service Levy on telecom operators' gross revenue, USOF is administered by the Department of Telecommunications under the Ministry of Communications.
The goal is to ensure nondiscriminatory access to telecom services across India, promoting connectivity and inclusivity in rural and remote areas.
81. Market Access Initiative (MAI) scheme, which was seen in the news, is related to which one of the following?
The MAI scheme, implemented by the Government of India, aims to enhance the export competitiveness of Indian businesses by providing financial assistance for activities that promote export growth.
This includes market research, participation in trade fairs, and other promotional activities to help Indian exporters access new markets and expand their global presence.
82. Recently, which company became the first Indian to surpassed Rs 20 lakh crore in market capitalization?
Reliance Industries Limited (RIL) recently achieved a significant milestone by becoming the first Indian company to surpass a market capitalization of Rs 20 lakh crore.
Market capitalization, or Market Cap, represents a company's total value calculated by multiplying its share price by the total number of outstanding shares.
This achievement underscores RIL's substantial market presence and solidifies its status as a large-cap company.
Investors use market capitalization to gauge a company's size, stability, and growth potential, which in turn influences stock performance and investment decisions.
83. Recently, which ministry launched the Digital Intelligence Platform (DIP) and ‘Chakshu’ facility on Sanchar Saathi portal?
The Ministry of Communications launched the Digital Intelligence Platform (DIP) and the ‘Chakshu’ facility on the Sanchar Saathi portal.
The DIP aims to enhance real-time intelligence sharing and coordination among stakeholders such as Telecom Service Providers, law enforcement agencies, banks, social media platforms, and identity document authorities.
Developed by the Department of Telecommunications, the DIP is a secure platform that is not accessible to the public.
The Sanchar Saathi portal also serves to highlight and address cases of misuse of telecom resources.
84. Prime Minister of India recently laid the foundation stone of Petronet LNG’s Petrochemicals Complex at which place?
Prime Minister Narendra Modi recently inaugurated Petronet LNG’s Petrochemicals Complex in Dahej, Gujarat, with an investment of over Rs 20,000 crore.
The facility aims to enhance national hydrogen production and meet the growing demand for polypropylene.
It includes ethane and propane handling facilities valued at Rs 20,600 crore. Additionally, 50 'Pradhan Mantri Bharatiya Jan Aushadhi Kendras' were dedicated from Ahmedabad, Gujarat, as part of a broader initiative to improve access to affordable medicines.
85. ‘Vocal for Local’ initiative, recently seen in the news, launched by which one of the following?
The 'Vocal for Local' initiative was launched by NITI Aayog.
This initiative aims to promote local products and encourage the use of indigenous goods, enhancing the visibility of local businesses and boosting domestic manufacturing.
It is part of a broader strategy to support and empower local industries and entrepreneurs in India.
86. Recently, which company has become the third-largest silver producer globally?
Hindustan Zinc Limited, part of the Vedanta Group, has achieved the status of the world's third-largest silver producer, as reported in the 2024 World Silver Survey by The Silver Institute.
The company's Sindesar Khurd Mine in Rajasthan ranks as the second-largest silver-producing mine globally.
In 2023, Hindustan Zinc produced 45.9 million ounces of silver, marking an 8% increase from the previous year.
This highlights the company's growing prominence in the global silver market and its significant production capabilities.
87. Khanij Bidesh India Limited (KABIL) recently signed an MoU with which institution for advancing geophysical investigations in critical and strategic minerals sector?
Khanij Bidesh India Limited (KABIL) recently signed an MoU with CSIR-NGRI (Council of Scientific and Industrial Research - National Geophysical Research Institute) to advance geophysical investigations in the critical and strategic minerals sector.
This collaboration aims to enhance exploration and development of essential minerals for India's strategic and industrial needs.
88. Recently, which organization has partnered with Panasonic Energy to create a joint venture for producing lithium-ion cells in India?
Indian Oil Corporation Ltd. (IOCL) has teamed up with Panasonic Energy to form a joint venture for lithium-ion cell production in India.
This partnership aims to meet rising electric vehicle and energy storage demands, supporting India’s goal of net-zero emissions by 2070 and advancing sustainable mobility.
89. By what year does India aim to end urea imports according to the Union Minister for Chemicals and Fertilizers?
India aims to end urea imports by 2025 as domestic production rises with new plants.
The country, which currently imports 30% of its 35 million tonnes annual requirement, has boosted production from 225.08 to 284.95 lakh tonnes (2014-15 to 2022-23), focusing on self-sufficiency and alternative fertilizers.
90. Which government institution recently signed a record 125 Advance Pricing Agreements (APAs) in FY 2023-24?
The Central Board of Direct Taxes (CBDT) set a new record by signing 125 Advance Pricing Agreements (APAs) in FY 2023-24.
This includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs), a 31% increase from the previous year.
With this, the total number of APAs reached 641, enhancing tax certainty and facilitating smoother operations for Multinational Enterprises.
91. Recently, which IIT has been granted a patent for its cost-effective inverter?
IIT Patna has secured a patent for its innovative lightweight and compact inverter, developed under the ‘Portable Power Technology’ startup scheme.
This breakthrough integrates the battery and inverter into a single unit, reducing weight by 80%. Designed by a team of five young scientists and guided by A K Thakur, the invention promises enhanced battery life and clean energy generation.
The patent grants IIT Patna copyright for 20 years, enabling commercial use starting next month.
92. What is ‘Drip Pricing’, recently seen in news?
The Department of Consumer Affairs has cautioned against ‘drip pricing’, a strategy where only a partial price is initially advertised, with the total cost being revealed as the consumer proceeds with the purchase.
Common in hospitality and travel industries, this approach can lead to unexpected charges and complicates price comparison for consumers.
It undermines transparency, affects consumer trust, and penalizes sellers who provide full price disclosures upfront.
The practice impacts market fairness by misleading consumers with partial headline prices.
93. Mundra Port, recently seen in news, is located in which state?
Mundra Port, located in Gujarat, recently made headlines by hosting the largest container ship ever to dock in India, the MSC Anna. This port is a significant hub for container traffic in India, handling a substantial portion of the country's cargo.
94. According to ILO, the Global Unemployment rate is expected to fall slightly to what percent in 2024?
The International Labour Organization (ILO) anticipates that the global unemployment rate will decrease to 4.9% in 2024, showing a more positive trend than previously expected.
The rate is projected to remain stable at 4.9% in 2025, though the ILO notes that progress in addressing inequalities remains slow.
95. Recently, which department has launched a comprehensive survey to identify and address the challenges faced by MSMEs in adapting to new technologies?
The Department of Telecommunications (DoT) has initiated a 60-day survey to address the challenges faced by MSMEs in adopting new technologies.
The survey will span five sectors in North and South India, focusing on technologies like AI, IoT, cloud computing, and 5G/6G integration across ten industries.
The results will guide policy-making to help MSMEs stay competitive in the evolving digital landscape.
96. Which organization recently released ‘Global Economic Prospects’ report?
The World Bank’s June 2024 Global Economic Prospects report upgraded India’s GDP growth forecast for 2024-25 to 6.6%, up from 6.4% in January.
The forecast for 2025-26 was also raised to 6.7% from 6.5%.
India is expected to remain the fastest-growing major economy, having grown by 8.2% in 2023-24.
The Reserve Bank of India also increased its 2024-25 growth forecast to 7.2%.
97. What is the primary purpose of the e-Samridhi Portal, recently seen in news?
The e-Samridhi Portal, launched by NAFED and NCCF, facilitates farmers' registration for pulse procurement at Minimum Support Prices (MSP).
The Union Minister of Agriculture emphasized the need for state governments to promote this portal, which supports direct registration or through PACS and FPOs.
NAFED processes payments directly to farmers' bank accounts, ensuring transparency and timely financial support.
Established in 1958, NAFED, headquartered in New Delhi, plays a crucial role in agricultural trade and marketing in India.