BankingAwarenessOctober2024 - Set 2 - 1732082640

‭Banking Awareness October - Set 2‬ ‭by Dr.
Gaurav Garg‬
‭ ) Recently, which of the following organizations has launched a dedicated‬‭Foreign Portfolio Investor
Q
‭Outreach Cell‬‭as part of Alternative Investment Fund‬‭and Foreign Portfolio Investors Department
‭(AFD)?
‭A. Reserve Bank of India (RBI) ‭B. Securities and Exchange Board of India (SEBI)
‭C. ‭Insurance Regulatory and Development Authority‬‭of India (IRDAI)‬ ‭D. National Stock Exchange (NSE)
‭Answer: B. Securities and Exchange Board of India (SEBI)‬
‭ ) Recently who among the following has been recognized as one of the youngest women entrepreneurs on the‬‭Hurun
Q
‭India Under-35 list‬‭for 2024?
‭A. Isha Ambani ‭B. Alia Bhatt
‭C. Ghazal Alagh ‭D. Aneesha Tewari
‭Answer: A. Isha Ambani‬
‭ ) According to 7th Annual report “‬‭Periodic Labour‬‭Force Survey (PLFS) July 2023- June 2024)‬‭”, which‬‭of the
Q
‭following states/UTs has the highest Unemployment Rate (UR) among youths (individuals aged 15-29)?
‭A. Kerala ‭B. Lakshadweep
‭C. Andaman and Nicobar Island ‭D. Nagaland
‭Answer: B. Lakshadweep‬
‭1‬ ‭© Copyright 2024 Study IQ‬

‭To Download Current Affairs PDFs join this Telegram Group of Dr. Gaurav Garg -‬‭https://t.me/StudyIQPremiumUsers‬
‭ ) Recently, NPCI International Payments Limited (NIPL) has partnered with Ministry of Digital Transformation (MDT)
Q
‭of which of the following countries to develop a‬‭real-time‬‭payments platform‬‭similar to India’s Unified Payments
‭Interface (UPI)?
‭A. Trinidad and Tobago ‭B. Haiti
‭C. Jamaica ‭D. Belize
‭Answer: A. Trinidad and Tobago‬
‭ ) Recently, Inter-American Development Bank (IDB) has partnered with __________ to enhance the collection and
Q
‭sharing of critical‬‭climate and weather data‬‭in Latin‬‭America and the Caribbean.
‭A. ‭United Nations Framework Convention on Climate‬‭Change (UNFCCC)‬ ‭B. World Bank
‭C. United Nations Development Programme (UNDP) ‭D. Greenpeace
‭Answer: C. United Nations Development Programme (UNDP)‬
‭ ) The report‬‭"Precursor to Census 2024: The Fine‬‭Prints of a Rapidly Changing Nation"‬‭highlights that‬‭India's
Q
‭population growth rate is projected to decline from 2.20% in 1971 to 1% in 2024, with an estimated population of 138 to
‭142 crore in 2024. This report is released by ________.
‭A. Punjab National Bank (PNB) ‭B. State Bank of India (SBI)
‭C. Bank of Baroda (BoB) ‭D. Canara Bank
‭Answer: B. State Bank of India (SBI)‬

‭ ) As per recent information,‬‭Ministry of Statistics and Programme Implementation‬‭is likely to publish economic growth
Q
‭data, measured in terms of GDP (Gross Domestic Product) with new base year of 2022-23 from ________ to reflect an
‭accurate picture of the economy.
‭A. 2008-09 ‭B. 2010-11
‭C. 2011-12 ‭D. 2012-13
‭Answer: C. 2011-12‬
‭ ) As per the ‘‬‭Organisation for Economic Co-operation and Development (OECD)‬‭Economic Outlook, Interim Report
Q
‭September 2024: Turning the Corner’, India’s FY25 growth forecast has been raised to __________, up from 6.6%.
‭A. 8.2% ‭B. 6.7%
‭C. 7.2% ‭D. 7.0%
‭Answer: B. 6.7%‬
‭Domestic Demand and Inflation:‬

‭● ‭Strong domestic demand‬‭has buoyed activity in‬‭India‬‭,‬‭Brazil, and Indonesia‬‭,‬‭though it has slowed in‬‭Mexico‬‭.
‭● ‭Inflation‬ ‭Forecast‬‭:‬ ‭The‬ ‭report‬ ‭has‬ ‭also‬ ‭raised‬‭India’s‬‭headline‬‭inflation‬‭forecast‬‭for‬‭FY25‬‭to‬‭4.5%‬‭,‬‭up‬‭by‬‭20
‭basis‬ ‭points‬ ‭from‬ ‭the‬ ‭4.3%‬ ‭projected‬ ‭in‬ ‭May‬ ‭2024.‬ ‭This‬ ‭aligns‬ ‭with‬ ‭the‬ ‭Reserve‬ ‭Bank‬ ‭of‬ ‭India‬ ‭(RBI)‬‭‘s
‭inflation forecast for the same period.
‭● ‭FY26‬ ‭Inflation‬‭:‬ ‭For‬ ‭FY26,‬ ‭the‬ ‭inflation‬ ‭projection‬‭has‬‭been‬‭lowered‬‭by‬‭10‬‭basis‬‭points‬‭,‬‭from‬‭4.2%‬‭to‬‭4.1%‬‭,
‭closely matching the RBI’s target midpoint of‬‭4%‬‭.
‭● ‭Consumer‬‭Inflation‬‭Trends‬‭:‬‭The‬‭report‬‭noted‬‭that‬‭consumer‬‭inflation‬‭remained‬‭below‬‭4%‬‭in‬‭July‬‭and‬‭August
‭2024,‬ ‭largely‬ ‭due‬ ‭to‬ ‭favourable‬ ‭base‬ ‭effects.‬ ‭However,‬ ‭economists‬‭anticipate‬‭an‬‭increase‬‭to‬‭5%‬‭in‬‭the‬‭coming
‭months.
‭● ‭Domestic‬ ‭demand‬ ‭will‬ ‭be‬ ‭driven‬ ‭by‬ ‭gross‬ ‭capital‬ ‭formation,‬ ‭particularly‬ ‭in‬ ‭the‬ ‭public‬ ‭secto‬‭r,‬ ‭with‬ ‭private
‭consumption growth remaining sluggish,”.
‭ ) The government has recently announced the reconstitution of the‬‭Monetary Policy Committee (MPC)‬‭under the
Q
‭Reserve Bank of India (RBI) Act, 1934. Who among the following is NOT a member of MPC?
‭A. Ram Singh ‭B. Saugata Bhattacharya
‭C. Rajnish Kumar ‭D. Dr. Nagesh Kumar
‭Answer: C. Rajnish Kumar‬

‭● I‭ n‬ ‭exercise‬ ‭of‬ ‭the‬ ‭powers‬ ‭conferred‬ ‭by‬ ‭section‬ ‭45ZB‬ ‭of‬ ‭the‬ ‭Reserve‬ ‭Bank‬ ‭of‬ ‭India‬ ‭Act,‬ ‭1934‬‭,‬ ‭the‬ ‭Central
‭Government has accordingly reconstituted the‬‭Monetary Policy Committee‬‭of RBI, as below:
‭(a) ‭Governor of the Reserve Bank of India —‬‭Chairperson, ex officio;
‭(b) ‭Deputy Governor of the Reserve Bank of India‬‭, in charge of Monetary Policy —Member, ex officio;
‭(c) ‭One officer‬‭of the‬‭Reserve Bank of Ind‬‭ia to be nominated‬‭by the Central Board —Member, ex officio;
‭(d) ‭Prof. Ram Singh, Director‬‭, Delhi School of Economics,‬‭University of Delhi —Member;
‭(e) ‭Shri‬‭Saugata Bhattacharya, Economist‬‭— Member; and
‭(f) ‭Dr.‬‭Nagesh‬‭Kumar,‬‭Director‬‭and‬‭Chief‬‭Executive,‬‭Institute‬‭for‬‭Studies‬‭in‬‭Industrial‬‭Development,‬‭New
‭Delhi — Member.
‭● ‭The‬‭Members‬‭of‬‭the‬‭Monetary‬‭Policy‬‭Committee‬‭appointed‬‭by‬‭the‬‭Central‬‭Government‬‭(at‬‭Sl.‬‭No.‬‭(d),‬‭(e)‬‭and
‭(f) ‭above),‬ ‭shall‬ ‭hold‬ ‭office‬ ‭for‬ ‭a‬ ‭period‬ ‭of‬ ‭four‬ ‭years‬‭,‬ ‭with‬ ‭immediate‬ ‭effect‬ ‭or‬ ‭until‬ ‭further‬ ‭orders‬‭,
‭whichever is earlier.
‭ ) Recently,‬‭7th Business Reforms Action Plan (BRAP 2024)‬‭has been introduced to further strengthen the Make in India
Q
‭initiative. This initiative will be led by which of the following government department?
‭A. ‭Department for Promotion of Industry and Internal‬‭Trade (DPIIT)‬ ‭B. Department of Commerce
‭C. Department of Expenditure ‭D. Department of Financial Services
‭Answer: A. Department for Promotion of Industry and Internal Trade (DPIIT)‬
‭ ) Recently, government has announced that‬‭interest rates on various small savings schemes‬‭, including Public Provident
Q
‭Fund (PPF) and National Savings Certificate (NSC), will remain unchanged for third consecutive quarter starting from
‭October 1, 2024 to December 31, 2024. Interest rate for PPF has been retained at _______.
‭A. 6.2% ‭B. 7.1%
‭C. 8.4% ‭D. 5.6%
‭ ) Recently,‬‭Central Board of Direct Taxes (CBDT)‬‭has established new guidelines for condoning delay in filing income
Q
‭tax returns (ITRs) claiming refunds or carrying forward losses. As per the guidelines what is the maximum time limit for
‭filing income tax returns (ITR) from the end of relevant assessment year?
‭A. 5 years ‭B. 3 years
‭C. 4 years ‭D. 6 years
‭Answer: A. 5 years‬

‭Monetary Limits for Authorities:‬
‭● ‭Principal‬ ‭Commissioners‬ ‭of‬ ‭Income‬ ‭Tax‬ ‭(Pr.‬ ‭CsIT/CsIT)‬ ‭are‬ ‭empowered‬ ‭to‬ ‭handle‬ ‭claims‬ ‭of‬‭delay‬‭in‬‭filing
‭ITRs up‬‭to‬‭₹1 crore‬‭.
‭● ‭Chief Commissioners of Income Tax (CCsIT)‬‭can address claims‬‭between ₹1 crore and‬‭₹3 crores‬‭.
‭● ‭Principal Chief Commissioners of Income Tax‬‭(Pr. CCsIT) will manage claims exceeding‬‭₹3 crores.
‭● ‭Condonation‬‭of‬‭Delay‬‭in‬‭Verification:‬‭The‬‭Central‬‭Processing‬‭Centre‬‭(CPC)‬‭in‬‭Bengaluru‬‭is‬‭now‬‭authorized‬‭to
‭process applications for condonation of delay in verifying ITRs.
‭● ‭5-Year‬‭Deadline‬‭for‬‭Claims‬‭:‬‭No‬‭application‬‭will‬‭be‬‭considered‬‭if‬‭it‬‭is‬‭filed‬‭beyond‬‭five‬‭years‬‭from‬‭the‬‭end‬‭of
‭the relevant assessment year. This provision applies to all applications submitted from‬‭October 1, 2024,‬‭onwards.
‭● ‭Six-Month Timeframe:‬‭Authorities are required to dispose‬‭of applications within‬‭s‭i‬x months‬‭of receipt.
‭● ‭Supplementary‬ ‭Claims‬ ‭and‬ ‭Court-Ordered‬ ‭Delays:‬ ‭The‬ ‭circular‬ ‭sets‬ ‭specific‬ ‭conditions‬ ‭for‬ ‭addressing
‭supplementary refund claims and claims delayed due to court orders.
‭ ) Recently, Competition Commission of India has approved the acquisition of‬‭Bharat Serums and Vaccines Limited‬‭by
Q
‭which of the following companies?
‭A. Zydus Lifesciences Limited ‭B. Mankind Pharma Ltd
‭C. Sun Pharmaceutical Industries ‭D. Piramal Enterprises Limited
‭Answer: B. Mankind Pharma Ltd‬
‭ ) As per the‬‭Annual Survey of Industries (ASI) for 2022-23‬‭released by Ministry of Statistics and Programme
Q
‭Implementation (MoSPI), the manufacturing Gross Value Added (GVA) grew by ___________ in current prices in the
‭year 2022-23 over 2021-22.
‭A. 5.2% ‭B. 7.3%
‭C. 9.8% ‭D. 10.2%
‭● ‭ he results show that the manufacturing‬‭Gross Value Added (GVA)‬‭grew by

T
‭7.3%‬‭in current prices in the year‬‭2022-23‬‭over 2021-22.
‭○ ‭The‬‭total industrial input increased by‬‭24.4%‬‭,‬‭while the‬‭output
‭grew by‬‭21.5%‬‭in the sector in 2022-23 compared to 2021-22,
‭reflecting a significant rebound in manufacturing activities.
‭● ‭The year‬‭2022-23‬‭witnessed a‬‭growth in this sector‬‭for majority of the
‭important economic parameters like invested‬‭capital, input, output, GVA,
‭employment and wages‬‭and even surpassed the pre-pandemic level in
‭absolute value terms.
‭● ‭The main drivers of this growth in 2022-23 were industries like
‭Manufacture of Basic metal, Coke & Refined Petroleum Products, Food
‭Products, Chemical and Chemical products and Motor vehicles. These industries, taken together,
‭contributed about‬‭58%‬‭of the total output of the sector and showed output growth of‬‭24.5%‬‭and GVA
‭growth of 2.6% in comparison to‬‭2021-22.
‭● ‭Among the major states,‬‭in terms of GVA‬‭,‬‭Maharashtra‬‭ranked first in‬‭2022-23‬‭followed by‬‭Gujarat, Tamil
‭Nadu, Karnataka and Uttar Pradesh‬‭.
‭○ ‭The top five states, taken together contributed more than‬‭54%‬‭of the total manufacturing GVA of the
‭country in 2022-23.
‭● ‭The top five states employing‬‭highest number of persons in this sector‬‭were‬‭Tamil Nadu,‬‭Maharashtra,
‭Gujarat, Uttar Pradesh and Karnataka‬‭in ASI 2022-23.
‭○ ‭Taken together, these states contributed about‬‭55% of‬‭total manufacturing employment in the year
‭2022-23.
‭● ‭The Annual Survey of Industries (ASI) for 2022-23, showed that the total number of‬‭employees in
‭manufacturing industries increased‬‭by‬‭7.5 per cent‬‭to‬‭1.84 crore in 2022-23‬‭from 1‬‭.72‬‭crore in 2021-22.
‭○ ‭In 2022-23, the manufacturing sector created‬‭13 lakh jobs,‬‭an increase from 11 lakh in FY22.

‭ ) Recently,‬‭Ministry of Labour and Employment‬‭has released information regarding the increase in minimum wage rates
Q
‭by revising Variable Dearness Allowance (VDA). What is the new wage rate in area “A” for unskilled worker?
‭A. Rs. 532 per day ‭B. Rs. 783 per day
‭C. Rs. 850 per day ‭D. Rs. 916 per day
‭Answer: B. Rs. 783 per day‬
‭ ) Recently,‬‭Mumbai Metropolitan Region Development Authority (MMRDA)‬‭has secured a loan worth Rs 31,673.79
Q
‭crores from which of the following companies to fast track the development of 9 key infrastructure projects in Mumbai
‭Metropolitan Region (MMR)?
‭A. REC Limited ‭B. Power Finance Corporation (PFC) Ltd.
‭C. NTPC Limited ‭D. NHPC Limited
‭Answer: B. Power Finance Corporation (PFC) Ltd.‬
‭ ) Recently,‬‭Reserve Bank of India (RBI)‬‭has appointed ___________ as Executive Director (ED) with effect from
Q
‭October 01, 2024.
‭A. Aviral Jain ‭B. Amarjeet Singh
‭C. Ashwani Bhatia ‭D. Kamlesh Chandra Varshney
‭Answer: A. Aviral Jain‬
‭ ) Recently, which of the following banks and‬‭AI-powered language translation platform, Bhashini‬‭, have signed a
Q
‭Memorandum of Understanding (MoU) to allow Feddy, the AI virtual assistant, to handle vernacular languages?
‭A. Axis Bank ‭B. Federal Bank
‭C. ICICI Bank ‭D. IDFC FIRST Bank
‭Answer: B. Federal Bank‬
‭ ) Recently, India has become which economy in the world to surpass‬‭700 billion US dollars‬‭in foreign reserves?
Q
‭A. Fifth ‭B. Fourth
‭C. Second ‭D. Sixth
‭Answer: B. Fourth‬
‭● I‭ ndia’s‬ ‭foreign‬ ‭exchange‬ ‭reserves‬ ‭surged‬ ‭by‬ ‭12.588‬ ‭billion‬ ‭dollars‬ ‭to‬ ‭touch‬ ‭a‬ ‭new‬‭all-time‬‭high‬‭of‬‭704.885
‭billion dollars‬‭for the week ending‬‭September 27‬‭.
‭● ‭The‬ ‭sharp‬ ‭increase‬ ‭in‬ ‭forex‬ ‭reserves‬ ‭strengthened‬ ‭India’s‬ ‭ability‬ ‭to‬ ‭cushion‬ ‭against‬ ‭global‬ ‭economic
‭uncertainties‬‭and‬‭provides greater stability‬‭to its currency in the face of volatile international markets.

‭
● ‭ ccording to the latest RBI data released,‬‭India’s gold reserves rose‬‭2.184 billion‬‭to 65.796‬‭billion dollars‬‭.
A
‭● ‭The‬ ‭special‬ ‭drawing‬ ‭rights‬ ‭with‬ ‭the‬ ‭International‬ ‭Monetary‬ ‭Fund‬ ‭increased‬ ‭by‬ ‭8‬ ‭million‬ ‭to‬ ‭18.547‬ ‭billion
‭dollars‬‭.
‭● ‭However,‬ ‭India's‬ ‭reserve‬ ‭position‬ ‭with‬ ‭the‬ ‭International‬ ‭Monetary‬ ‭Fund‬ ‭(IMF)‬ ‭was‬ ‭down‬ ‭by‬‭$71‬‭million‬‭to
‭$4.387 billion‬‭in the reporting week.
‭ ) Recently, Asian Development Bank (ADB) has approved a $162 million loan to enhance‬‭tourism development‬‭in
Q
‭which of the following states?
‭A. Himachal Pradesh ‭B. Gujarat
‭C. Bihar ‭D. Maharashtra
‭Answer: A. Himachal Pradesh‬
‭ ) Recently,‬‭Power Finance Corporation Ltd‬‭. has announced the successful closing of issuance of largest-ever foreign
Q
‭currency term loan from an Indian PSU amounting to ________.
‭A. USD 1.56 billion ‭B. USD 1.13 billion
‭C. USD 1.265 billion ‭D. USD 1.92 billion
‭Answer: C. USD 1.265 billion‬
‭ ) Recently, which of the following banks has approved a $42 million loan to provide‬‭coastal and riverbank protection‬‭to
Q
‭increase resilience of local communities and natural ecosystems in Maharashtra?
‭A. Asian Development Bank (ADB) ‭B. World Bank
‭C. International Monetary Fund (IMF) ‭D. European Central Bank (ECB)
‭Answer: A. Asian Development Bank (ADB)‬
‭ ) Recently, Central Government has extended the tenure of Mr M. Rajeshwar Rao as‬‭Deputy Governor, Reserve Bank
Q
‭of India‬‭for _________.
‭A. 6 months ‭B. 9 months
‭C. 1 year ‭D. 2 years
‭Answer: C. 1 year‬
‭ ) Recently, Government has extended benefits under the‬‭Remission of Duties and Taxes on Exported Products
Q
‭(RoDTEP) scheme‬‭for exports made from domestic tariff‬‭area (DTA) units for one year till __________.
‭A. July 30, 2025 ‭B. September 30, 2025
‭C. March 30, 2026 ‭D. September 30, 2026
‭Answer: B. September 30, 2025‬
‭Remission of Duties and Taxes on Exported Products (RoDTEP) scheme:‬

‭● ‭The‬‭Scheme‬‭for‬‭Remission‬‭of‬‭Duties‬‭and‬‭Taxes‬‭on‬‭Exported‬‭Products‬‭(RoDTEP)‬‭has‬‭emerged‬‭as‬‭a‬‭critical‬‭tool‬‭in
‭supporting India's exporters‬‭.
‭● ‭It‬‭became‬‭operational‬‭on‬‭1st‬‭January‬‭2021‬‭replacing‬‭the‬‭existing‬‭export‬‭incentive‬‭scheme,‬‭Merchandise‬‭Exports
‭from India (MEIS).
‭● ‭launched by the‬‭Ministry of Commerce & Industry
‭○ ‭This change was prompted by a‬‭World Trade Organization (WTO)‬‭ruling that determined the MEIS
‭scheme's violation of WTO regulations due to its provision of export subsidies for a broad spectrum of
‭goods.
‭● ‭The rebate under the scheme is allowed, based on the allowed percentage of FOB (‬‭Freight On Board)‬‭value‬‭of
‭exports and issued in the form of a transferable duty credit/electronic scrip (e-scrip), the details of which are
‭maintained in a digital ledger by the‬‭Central Board of Indirect Taxes and Customs (‬‭CBIC‬‭).

‭○ ‭ reight on Board or Free on Board (FOB‬‭) is a shipment term that defines the point in the supply chain
F
‭when a buyer or seller becomes liable for the goods being transported. Purchase orders between buyers
‭and sellers specify the FOB terms and help determine ownership, risk, and transportation costs.
‭● ‭The RoDTEP Committee operates within the‬‭Department‬‭of Revenue.
‭○ ‭Its‬ ‭primary‬ ‭responsibility‬ ‭is‬ ‭to‬ ‭review‬‭and‬‭recommend‬‭ceiling‬‭rates‬‭for‬‭different‬‭export‬‭sectors‬‭under
‭the RoDTEP Scheme.
‭ ) The total gross enrolments under the‬‭Atal Pension Yojana (APY)‬‭have crossed 7 crores, with an enrolment of over 56
Q
‭lakh in the current Financial Year 2024-25. APY is administered by which of the following organisation?
‭A. ‭Insurance Regulatory and Development Authority‬‭of India (IRDAI)‬ ‭B. Reserve Bank of India (RBI)
‭C. ‭Pension Fund Regulatory and Development Authority‬‭(PFRDA)‬ ‭D. Employees' Provident Fund Organisation‬‭(EPFO)
‭Answer: C. Pension Fund Regulatory and Development Authority (PFRDA)‬
‭Atal Pension Yojana‬

‭● ‭The APY is a‬‭flagship social security scheme‬‭of the‬‭Government of India.
‭● ‭It‬ ‭was‬ ‭launched‬ ‭on‬ ‭9th‬ ‭May‬ ‭2015‬ ‭with‬ ‭an‬ ‭aim‬ ‭to‬ ‭create‬ ‭a‬ ‭universal‬ ‭social‬ ‭security‬ ‭system‬ ‭for‬ ‭all‬ ‭Indians,
‭especially the poor, the‬‭underprivileged‬‭and the‬‭workers‬‭in the‬‭unorganised sector‬‭.
‭● ‭Administered‬ ‭By:‬ ‭Pension‬ ‭Fund‬ ‭Regulatory‬‭and‬‭Development‬‭Authority‬‭through‬‭National‬‭Pension‬‭System
‭(NPS)
‭● ‭It is introduced by the‬‭Ministry of Finance
‭● ‭Eligibility:‬‭Any‬‭citizen‬‭of‬‭India‬‭can‬‭join‬‭the‬‭APY‬‭scheme.‬‭The‬‭age‬‭of‬‭the‬‭subscriber‬‭should‬‭be‬‭between‬‭18-40
‭years‬‭.‬‭The‬‭contribution‬‭levels‬‭would‬‭vary‬‭and‬‭would‬‭be‬‭low‬‭if‬‭a‬‭subscriber‬‭joins‬‭early‬‭and‬‭increases‬‭if‬‭she‬‭joins
‭late.
‭Benefits:‬
‭● ‭It provides a minimum guaranteed pension ranging from‬‭Rs 1000 to Rs 5000 on attaining‬‭60 years of age
‭● ‭The amount of pension is guaranteed for lifetime to the spouse on death of the subscriber.
‭● ‭In the event of death of both the subscriber and the spouse, the entire pension corpus is paid to the nominee.
‭ ax‬‭Benefits:‬‭Contributions‬‭to‬‭the‬‭Atal‬‭Pension‬‭Yojana‬‭(APY)‬‭are‬‭eligible‬‭for‬‭tax‬‭benefits‬‭similar‬‭to‬‭the‬‭National‬‭Pension‬
T
‭System (NPS).‬
‭ ) Recently, third edition of‬‭Kautilya Economic Conclave 2024 (KEC2024)‬‭was held in New Delhi. It was organised by
Q
________ in partnership with Department of Economic Affairs (DEA), Ministry of Finance.
‭A. National Institute of Public Finance and Policy (NIPFP) ‭B. Institute of Economic Growth (IEG)
‭C. Centre for Policy Research (CPR) ‭D. Tata Institute of Social Sciences (TISS)
‭Answer: B. Institute of Economic Growth (IEG)‬
‭ ) Recently, Government of India has notified‬‭National Anubhav Awards Scheme, 2025‬‭. As per the information shared,
Q
‭existing time limit of one year of the retirement within which, the pensioners could submit the write ups, has now been
‭extended up to _________.
‭A. 4 years ‭B. 3 years
‭C. 2 years ‭D. 5 years
‭Answer: B. 3 years‬
‭About ANUBHAV Awards:‬

‭● ‭It‬‭recognizes‬‭the‬‭contribution‬‭made‬‭by‬‭Retired‬‭Officials‬‭to‬‭Nation‬‭building‬‭while‬‭working‬‭in‬‭Government‬‭and
‭to document the administrative history of India by written narratives.
‭● ‭The‬ ‭ANUBHAV‬ ‭Portal‬‭,‬ ‭established‬ ‭in‬ ‭March‬ ‭2015‬‭,‬ ‭serves‬ ‭as‬ ‭an‬ ‭online‬ ‭platform‬ ‭for‬ ‭retiring‬ ‭and‬ ‭retired
‭government employees to share their experiences.

‭○ ‭ he‬ ‭portal‬ ‭was‬ ‭launched‬ ‭by‬ ‭the‬ ‭Government‬ ‭of‬ ‭India,‬ ‭Ministry‬ ‭of‬ ‭personnel,‬ ‭Public‬ ‭Grievances‬ ‭&
T
‭Pensions, Department of Pension & Pensioners’ welfare.
‭● ‭The‬‭National‬‭Anubhav‬‭Awards‬‭Scheme,‬‭2025‬‭is‬‭the‬‭watershed‬‭moment‬‭in‬‭the‬‭history‬‭of‬‭Anubhav‬‭Portal‬‭as‬‭for
‭the‬ ‭first‬ ‭time‬‭,‬ ‭apart‬ ‭from‬ ‭the‬ ‭employees‬ ‭of‬ ‭Central‬ ‭Government‬‭,‬ ‭employees‬ ‭of‬ ‭Central‬ ‭Public‬ ‭Sector
‭Undertakings (CPSUs‬‭), including‬‭Public Sector Banks‬‭, will also be‬‭eligible‬‭for submitting their‬‭write ups.
‭● ‭With‬‭this,‬‭invaluable‬‭experiences,‬‭insights‬‭and‬‭best‬‭practices‬‭prevalent‬‭in‬‭the‬‭strong‬‭and‬‭vibrant‬‭Public‬‭Sector
‭of India will also‬‭enrich the ever-growing treasure trove‬‭of Anubhav Portal.
‭● ‭Further,‬ ‭the‬ ‭existing‬ ‭time‬ ‭limit‬ ‭of‬‭one‬‭year‬‭of‬‭the‬‭retirement‬‭within‬‭which,‬‭the‬‭pensioners‬‭could‬‭submit‬‭the
‭write ups‬‭, has now been‬‭extended up to‬‭three years‬‭.
‭● ‭Each‬ ‭ANUBHAV‬ ‭Awardees‬ ‭will‬ ‭be‬ ‭felicitated‬ ‭with‬ ‭a‬ ‭medal‬ ‭and‬ ‭certificate‬ ‭and‬ ‭a‬ ‭Prize‬ ‭of‬ ‭10,000‬ ‭rupees,
‭whereas a‬‭Jury certificate Winner‬‭will be presented with a‬‭medal‬‭and a‬‭certificate‬‭.
‭ ) Recently, Securities and Exchange Board of India (SEBI) has approved the appointment of who among the following
Q
‭as managing director and chief executive officer (MD & CEO) of‬‭National Securities Depository (NSDL)‬‭?
‭A. Vijay Chandok ‭B. Bharat Khera
‭C. Praveen Kumar ‭D. Amit Garg
‭Answer: A. Vijay Chandok‬
‭ ) Recently,‬‭Reserve Bank of India (RBI)‬‭has projected a real GDP growth of _________ for the fiscal year 2024-25
Q
‭following Monetary Policy Committee (MPC) meeting held on October 7 to 9, 2024.
‭A. 6.8% ‭B. 7.2%
‭C. 7.6% ‭D. 7.9%
‭● ‭Monetary Policy Committee (MPC) meeting (October 7 to 9, 2024):

‭○ ‭After assessing the current and evolving macroeconomic situation, the
‭Monetary Policy Committee (‬‭MPC‬‭)‬‭at its‬‭meeting (October 9, 2024)
‭decided‬‭to:
‭■ ‭Keep the policy repo rate under the‬‭liquidity adjustment facility
‭(LAF)‬‭unchanged at‬‭6.50 per cent
‭■ ‭Consequently,‬‭the standing deposit facility (SDF) rate‬‭remains
‭unchanged at‬‭6.25 per cent‬‭and the‬‭marginal standing facility
‭(MSF) rate‬‭and the‬‭Bank Rate‬‭at‬‭6.75 per cent.
‭■ ‭The‬‭MPC‬‭also decided to change the monetary policy stance to
‭‘‭n
‬ eutral’‬‭and to remain unambiguously focused on a durable
‭alignment of inflation with the target, while supporting growth.
‭○ ‭These decisions are in consonance with the objective of achieving the medium-term target for‬‭consumer
‭price index (CPI) inflation‬‭of 4 per cent within a band of +/- 2 per cent‬‭, while supporting growth.
‭○ ‭External demand is expected to‬‭get support from improving global trade volumes. Taking all these
‭factors into consideration,‬‭real GDP growth for 2024-25‬‭is projected at‬‭7.2 per cent with Q2 at 7.0 per
‭cent; Q3 at 7.4 per cent; and Q4 at 7.4 per cent‬‭.‬‭Real GDP growth‬‭for Q1:2025-26 is projected at 7.3
‭per cent‬‭.
‭○ ‭Headline inflation declined sharply to‬‭3.6 and 3.7 per cent‬‭in‬‭July and August‬‭respectively from‬‭5.1
‭per cent in June‬‭. Going forward, the September inflation print may see a significant pick-up as base
‭effects turn adverse and food prices register an upturn.
‭○ ‭Taking all these factors into consideration‬‭, CPI inflation for 2024-25 is projected‬‭at 4.5 per cent with
‭Q2 at 4.1 per cent; Q3 at 4.8 per cent; and Q4 at 4.2 per cent‬‭. CPI inflation‬‭for Q1:2025-26 is
‭projected at 4.3 per cent‬‭.

‭ ) Recently, NITI Aayog has increased the‬‭asset monetisation target for 2024-25 (FY25)‬‭to _________, moving closer to
Q
‭the overall Rs 6 trillion target set under the National Monetisation Pipeline (NMP) for a four-year period.
‭A. Rs 1.2 trillion ‭B. Rs 1.9 trillion
‭C. Rs 2.9 trillion ‭D. Rs 3.4 trillion
‭Answer: B. Rs 1.9 trillion‬
‭ ) Recently, Government has announced the establishment of how many‬‭new ESIC Medical Colleges‬‭in line with‬‭the
Q
‭Prime Minister’s Independence Day 2024 pledge to create 75,000 new medical seats over the next five years?
‭A. 10 ‭B. 22
‭C. 27 ‭D. 33
‭Answer: A. 10‬
‭● ‭Key decisions:
‭○ ‭Establishment of‬‭10 New ESIC‬‭Medical Colleges
‭○ ‭ESI Corporation‬‭has approved in-principle for the establishment of‬‭10 New ESIC Medical Colleges‬‭at
‭Andheri (‬‭Maharashtra‬‭), Basaidarapur (‬‭Delhi‬‭), Guwahati-Beltola (‬‭Assam‬‭), Indore (‬‭Madhya‬‭Pradesh‬‭),
‭Jaipur (‬‭Rajasthan‬‭), Ludhiana (‬‭Punjab‬‭), Naroda-Bapunagar (‬‭Gujarat‬‭), Noida & Varanasi (‬‭Uttar
‭Pradesh‬‭), Ranchi (‬‭Jharkhand‬‭).
‭○ ‭This decision will support the announcement made by Prime Minister during the Independence Day
‭(2024) speech of creating new‬‭75000 medial seats‬‭in next‬‭5 years.
‭ ) Recently, Competition Commission of India has approved the acquisition of ________ of the total paid up share
Q
‭capital of JM Financial Credit Solutions Limited (JMFCSL) by‬‭JM Financial Limited (JMFL).
‭A. 32.23% ‭B. 38.54%
‭C. 42.99% ‭D. 48.34%
‭Answer: C. 42.99%‬
‭● a‭ cquisition‬‭of‬‭42.99%‬‭of‬‭the‬‭total‬‭paid‬‭up‬‭share‬‭capital‬‭of‬‭JM‬‭Financial‬‭Credit‬‭Solutions‬‭Limited‬‭(‬‭JMFCSL)
‭(HQ-‬‭Mumbai, Maharashtra) by‬‭JM Financial Limited‬‭(‭J‬ MFL‬‭) (HQ-Mumbai, Maharashtra) and
‭● ‭acquisition‬ ‭of‬ ‭71.79%‬ ‭of‬ ‭the‬ ‭total‬ ‭paid‬ ‭up‬ ‭share‬ ‭capital‬ ‭of‬ ‭JM‬ ‭Financial‬ ‭Asset‬ ‭Reconstruction‬ ‭Company
‭Limited (‬‭JMFARC)‬‭(HQ-Mumbai, Maharashtra) by‬‭JM Financial Credit Solutions Limited‬‭.

‭ ) Recently,‬‭Union Government‬‭has released tax devolution of ₹ 1,78,173 crore to State Governments, as‬‭against the
Q
‭normal monthly devolution of ₹89,086.50 crore. Which of the following states has received the highest amount?
‭A. Haryana ‭B. Uttar Pradesh
‭C. Kerala ‭D. Odisha
‭Answer: B. Uttar Pradesh‬
‭ ) World Trade Organization (WTO) in its recent report titled‬‭‘Global Trade Outlook and Statistics – Update October
Q
‭2024’‬‭revised its projection of world merchandise‬‭trade growth to what percentage in 2025?
‭A. 2.9 percent ‭B. 3.5 percent
‭C. 3 per cent ‭D. 3.3 percent
‭Answer: C. 3 per cent‬
‭ ) Recently,‬‭Reserve Bank of India‬‭has announced a Scholarship Scheme for faculty members from academic
Q
‭institutions. Under the scheme, monthly allowance of what amount will be paid for the duration of the project (not more
‭than three months)?
‭A. Rs 30,000 ‭B. Rs 50,000
‭C. Rs 70,000 ‭D. Rs 90,000
‭Answer: B. Rs 50,000‬
‭● ‭ nder‬ ‭the‬ ‭scheme,‬ ‭full-time‬ ‭faculty‬ ‭members‬ ‭teaching‬ ‭economics‬ ‭or‬ ‭finance‬ ‭at‬ ‭any‬ ‭University‬ ‭Grants
U
‭Commission‬ ‭(UGC)‬ ‭or‬ ‭All-India‬ ‭Council‬ ‭for‬ ‭Technical‬ ‭Education‬ ‭(AICTE)‬ ‭-recognized‬ ‭universities‬ ‭or
‭colleges‬‭in India are eligible to apply for‬‭short-term‬‭research‬‭.
‭ ) According to recently released‬‭Worldline’s India Digital Payments Report‬‭for the first half of 2024 (January to June),
Q
‭UPI transaction volumes has recorded a 52% year-on-year rise to _________ in the first half of 2024.
‭A. 51.23 billion ‭B. 78.97 billion
‭C. 83.67 billion ‭D. 91.23 billion
‭Answer: B. 78.97 billion‬

‭● I‭ n‬ ‭a‬ ‭major‬ ‭boost‬ ‭to‬ ‭India’s‬ ‭digital‬ ‭payment‬ ‭landscape,‬ ‭UPI‬ ‭transaction‬ ‭volumes‬ ‭recorded‬ ‭a‬ ‭52%
‭year-on-year‬‭rise‬‭to‬‭78.97 billion‬‭in the‬‭first half‬‭of 2024.
‭● ‭According‬ ‭to‬ ‭Worldline’s‬ ‭(La‬ ‭Défense,‬ ‭France)‬ ‭India‬ ‭Digital‬ ‭Payments‬ ‭Report‬ ‭for‬ ‭the‬ ‭first‬ ‭half‬ ‭of‬ ‭2024
‭(January‬ ‭to‬ ‭June),‬ ‭UPI’s‬ ‭value‬ ‭surged‬ ‭by‬ ‭40%,‬ ‭growing‬ ‭from‬ ‭₹83.16‬ ‭trillion‬ ‭to‬ ‭₹116.63‬ ‭trillion‬ ‭between
‭January 2023 and June 2024.
‭● ‭While‬‭PhonePe‬‭led‬‭the‬‭market‬‭,‬‭followed‬‭by‬‭Google‬‭Pay‬‭and‬‭Paytm‬‭,‬‭the‬‭average‬‭ticket‬‭size‬‭(‭A ‬ TS‬‭)‬‭saw‬‭an‬‭8%
‭decline‬‭, reflecting a shift toward smaller transactions.
‭
● ‭The‬‭number of UPI transactions‬‭increased from 8.03‬‭billion in January 2023 to‬‭13.9 billion in June 2024.
‭● ‭UPI‬‭transaction‬‭volumes‬‭grew‬‭from‬‭51.9‬‭billion‬‭in‬‭H1‬‭2023‬‭to‬‭78.97‬‭billion‬‭in‬‭H1‬‭2024.‬‭Value‬‭also‬‭rose‬‭from
‭₹12.98 trillion‬‭to ₹20.07 trillion‬‭.
‭● ‭Despite‬ ‭this,‬ ‭ATS‬ ‭decreased‬ ‭from‬ ‭₹1,603‬ ‭to‬ ‭₹1,478.‬ ‭person-to-person‬ ‭(P2P)‬ ‭transactions‬ ‭increased
‭marginally‬‭, while‬‭person-to-merchant (P2M) transactions‬‭saw a 4% drop in ATS.
‭
● ‭ATS in P2P transactions‬‭registered an almost‬‭flat‬‭year-on-year rise‬‭from‬‭Rs 2,812 to Rs 2,836.
‭● ‭ATS for P2M transactions‬‭dropped from‬‭Rs 667 to Rs‬‭643‬‭, representing a 4 per cent reduction.
‭● ‭Furthermore,‬‭the‬‭report‬‭revealed‬‭that‬‭between‬‭January‬‭2023‬‭and‬‭June‬‭2024,‬‭the‬‭number‬‭of‬‭POS‬‭(point‬‭of‬‭sale)
‭terminals‬‭increased 17 per cent, rising from 7.65 million to‬‭8.96 million.
‭● ‭The‬‭top‬‭10‬‭States‬‭and‬‭Union‬‭Territories‬‭with‬‭the‬‭highest‬‭number‬‭of‬‭transactions‬‭at‬‭physical‬‭touch‬‭points‬‭in
‭2024‬ ‭were‬ ‭Maharashtra,‬ ‭Kerala,‬ ‭Tamil‬ ‭Nadu,‬ ‭Karnataka,‬ ‭Delhi,‬ ‭Telangana,‬ ‭Uttar‬ ‭Pradesh,‬‭Gujarat,‬‭Jharkhand,
‭and West Bengal.
‭● ‭Top‬ ‭POS‬ ‭deployers‬‭:‬ ‭Axis‬ ‭Bank,‬ ‭ICICI‬ ‭Bank,‬ ‭RBL‬ ‭Bank,‬ ‭HDFC‬ ‭Bank,‬ ‭State‬ ‭Bank‬ ‭Of‬‭India,‬‭IndusInd‬‭Bank,
‭Canara‬‭Bank,‬‭Yes‬‭Bank,‬‭Kotak‬‭Mahindra‬‭Bank‬‭and‬‭Bandhan‬‭Bank‬‭accounted‬‭for‬‭95%‬‭of‬‭terminals‬‭deployed‬‭as
‭of June 2024.
‭ ) Recently, Indian Navy has entered into an MoU with which of the following companies for offering diverse product
Q
‭portfolio including‬‭Term Insurance to Naval Civilians‬‭at affordable premiums with various options?
‭A. Life Insurance Corporation of India (LIC) ‭B. HDFC Life Insurance Company
‭C. Bajaj Allianz Life Insurance Company ‭D. ICICI Prudential Life Insurance Company
‭Answer: C. Bajaj Allianz Life Insurance Company‬
‭ ) Recently, which of the following companies has signed an MoU with Egov Jamaica Limited to support‬‭Jamaica in
Q
‭adopting India’s UPI (Unified Payments Interface) technology‬‭for better digital payment solutions?
‭A. Razorpay ‭B. Instamojo
‭C. NPCI International Payments Limited ‭D. PhonePe
‭Answer: C. NPCI International Payments Limited‬
‭ ) Recently,‬‭Reserve Bank of India‬‭has proposed to create a data repository which will bridge the gap in climate-related
Q
‭data that is currently available in a fragmented manner. What is the name of this repository?
‭A. Reserve Bank - Climate Record Information System ‭B. Reserve Bank - Climate Reporting System
‭C. Reserve Bank - Climate Intelligence System ‭D. Reserve Bank - Climate Risk Information System
‭Answer: D. Reserve Bank - Climate Risk Information System‬
‭ ) As per recently released report titled ‘‬‭South Asia Development Update – Women, Jobs and Growth’‬‭, India's
Q
‭manufacturing output would increase by 9 per cent if more women joined the workforce. Which of the following
‭organisation has released this report?
‭A. Asian Development Bank (ADB) ‭B. World Trade Organization (WTO)
‭C. New Development Bank (NDB) ‭D. World Bank
‭Answer: D. World Bank‬

‭ ) Recently, who among the following has secured the top spot on‬‭Forbes’ 2024 list of India’s 100 richest tycoons‬‭?
Q
‭A. Gautam Adani ‭B. Savitri Jindal
‭C. Mukesh Ambani ‭D. Shiv Nadar
‭Answer: C. Mukesh Ambani‬
‭ ) Recently, government has approved the upgradation of which of the following companies to‬‭14th Maharatna‬‭?
Q
‭A. Hindustan Aeronautics Limited (HAL) ‭B. Bharat Electronics Limited (BEL)
‭C. Electronics Corporation of India Limited (ECIL) ‭D. Bharat Dynamics Limited (BDL)
‭Answer: A. Hindustan Aeronautics Limited (HAL)‬
‭ ) Recently, Union Government has released the‬‭first instalment of Fifteenth Finance Commission (XV FC) grants‬‭for
Q
‭the financial year 2024–25 to Rural Local Bodies (RLBs) in Andhra Pradesh and Rajasthan. What amount has been
‭released for Andhra Pradesh?
‭A. Rs 2017 crore ‭B. Rs 988 crore
‭C. Rs 1651 crore ‭D. Rs 1267 crore

‭Answer: B. Rs 988 crore‬
‭● ‭ ndhra‬ ‭Pradesh‬ ‭has‬ ‭received‬ ‭untied‬ ‭grants‬ ‭amounting‬ ‭to‬ ‭₹395.5091‬ ‭crores‬ ‭and‬ ‭tied‬ ‭grants‬ ‭totalling
A
‭₹593.2639 crores.
‭○ ‭These‬ ‭funds‬ ‭are‬ ‭for‬ ‭duly‬ ‭elected‬ ‭9‬ ‭eligible‬ ‭District‬ ‭Panchayats‬‭,‬ ‭615‬ ‭eligible‬ ‭Block‬ ‭Panchayats,‬ ‭and
‭12,853 eligible Gram Panchayats in Andhra Pradesh.
‭● ‭While‬‭in‬‭Rajasthan‬‭,‬‭untied‬‭grants‬‭of‬‭₹507.1177‬‭crores‬‭and‬‭tied‬‭grants‬‭of‬‭₹760.6769‬‭crores‬‭have‬‭been‬‭released
‭for‬ ‭the‬ ‭duly‬ ‭elected‬ ‭22‬ ‭eligible‬ ‭District‬ ‭Panchayats,‬ ‭287‬ ‭eligible‬ ‭Block‬ ‭Panchayats‬ ‭and‬ ‭9,068‬ ‭eligible‬ ‭Gram
‭Panchayats in the state.
‭● ‭The‬ ‭untied‬ ‭grants‬ ‭will‬ ‭enable‬ ‭Panchayats‬ ‭to‬ ‭address‬ ‭specific‬ ‭local‬ ‭needs‬ ‭across‬ ‭29‬ ‭subjects‬ ‭under‬ ‭the
‭Eleventh‬ ‭Schedule‬ ‭of‬ ‭the‬‭Constitution‬‭of‬‭India,‬‭ranging‬‭from‬‭agriculture‬‭and‬‭rural‬‭housing‬‭to‬‭education‬‭and
‭sanitation.
‭
● ‭These funds, however,‬‭cannot be used for salaries‬‭or‬‭establishment costs‬‭.
‭● ‭The‬ ‭tied‬ ‭grants‬ ‭will‬ ‭focus‬‭on‬‭core‬‭services‬‭such‬‭as‬‭sanitation‬‭,‬‭maintenance‬‭of‬‭open-defecation‬‭free‬‭(ODF)
‭status‬ ‭and‬ ‭water‬ ‭management‬‭,‬ ‭including‬ ‭rainwater‬ ‭harvesting,‬ ‭water‬ ‭recycling,‬ ‭and‬ ‭treatment‬ ‭of‬ ‭household
‭waste.
‭ ) As per the‬‭All-India Rural Financial Inclusion Survey (NAFIS) for 2021-22‬‭, the average monthly income of
Q
‭households saw a substantial rise of 57.6% over a five-year period, increasing from Rs. 8,059 in 2016-17 to Rs. 12,698 in
‭2021-22. This survey has been published by which of the following organizations?
‭A. BAIF Development Research Foundation ‭B. ‭National‬‭Bank for Agriculture and Rural Development (NABARD)
‭C. NITI Aayog ‭D. National Data and Analytics Platform (NDAP)
‭Answer: B. National Bank for Agriculture and Rural Development (NABARD)‬
‭ ) The‬‭2024 Nobel Prize in Economics‬‭has been awarded‬‭to three individuals. Identify who among the following is NOT
Q
‭one of them.
‭A. Daron Acemoglu ‭B. Simon Johnson
‭C. James A. Robinson ‭D. Paul Krugman
‭Answer: D. Paul Krugman‬
‭ ) Recently, who among the following has been appointed as the Chairman and Managing Director (CMD) and Chief
Q
‭Executive Officer (CEO) of‬‭Indian Railway Finance‬‭Corporation (IRFC)‬‭?
‭A. Manoj Kumar Dubey ‭B. L Satya Srinivas
‭C. Manish Tiwary ‭D. Aviral Jain
‭Answer: A. Manoj Kumar Dubey‬
‭ ) Recently,‬‭Reserve Bank of India (RBI)‬‭has increased the transaction limit for UPI 123PAY and UPI Lite wallet. What
Q
‭is the enhanced per-transaction limit in UPI123Pay?
‭A. Rs 18000 ‭B. Rs 15000
‭C. Rs 10000 ‭D. Rs 12000
‭Answer: C. Rs 10000‬
‭ ) Recently, World Bank (WB) has launched the‬‭first‬‭edition of its Business-Ready (B-Ready) Index‬‭. B-Ready‬‭Index has
Q
‭three main pillars. Identify which one is NOT among them.
‭A. Infrastructure Development ‭B. Regulatory Framework
‭C. Public Services ‭D. Operational Efficiency
‭Answer: A. Infrastructure Development‬

‭ ) Recently, Directorate General of Foreign Trade (DGFT) has extended the‬‭Interest Equalisation Scheme‬‭on pre and
Q
‭post-shipment rupee export credit till __________ to promote India’s outbound shipments.
‭A. 31‬‭st‬ ‭December 2024 ‭B. 31‬‭st‬ ‭March 2025
‭th‬
‭C. 30‬ ‭June 2025 ‭D. 31‬‭st‬ ‭December 2025
‭Answer: A. 31‬‭st‬ ‭December 2024‬
‭ ) Recently, International Finance Corporation (IFC) has partnered with which of the following banks to provide a loan
Q
‭worth USD 500 million (about Rs 4,200 crore) to help develop a‬‭blue finance market‬‭and scale up financing of‬‭green
‭projects in India?
‭A. HDFC Bank ‭B. Axis Bank
‭C. ICICI Bank ‭D. IDBI Bank
‭Answer: B. Axis Bank‬
‭ ) Recently, who among the following has topped the‬‭“2024 100 Most Powerful Women (MPW) in Business”‬‭list
Q
‭released by Fortune, an American global business magazine?
‭A. Julie Sweet ‭B. Mary Barra
‭C. Karen S. Lynch ‭D. Jane Fraser
‭Answer: B. Mary Barra‬

‭● ‭Fortune MPW Asia 2024 List:
‭○ ‭The‬‭MPW‬‭Asia‬‭2024‬‭List‬‭has‬‭featured‬‭executives‬‭from‬‭11‬‭Asia-Pacific‬‭countries‬‭such‬‭as‬‭China,‬‭India,
‭Japan, South Korea, Malaysia, Singapore, among others.
‭○ ‭The‬ ‭list‬ ‭includes‬ ‭53‬ ‭CEOs,‬ ‭26‬ ‭Chairpersons,‬ ‭and‬ ‭11‬ ‭Chief‬ ‭Financial‬ ‭Officers‬ ‭(CFOs)‬ ‭and‬ ‭the‬ ‭list‬ ‭is
‭topped by‬‭Grace Wang‬‭,‬‭Chairwoman and CEO, Luxshare Precision Industry, China.
‭○ ‭The list includes some of the prominent‬‭Indian‬‭women‬‭business leaders like:
‭■ ‭Isha Ambani,‬‭Non-Executive Director, Reliance Retail‬‭;
‭■ ‭Roshni Nadar,‬‭Chairperson of HCL Technologies;
‭■ ‭Sandhya Devanathan,‬‭Vice President and Managing Director‬‭(MD) of Meta India,
‭■ ‭Arundhati‬ ‭Bhattacharya‬‭,‬ ‭former‬ ‭Chairman‬ ‭of‬ ‭the‬ ‭State‬ ‭Bank‬ ‭of‬ ‭India‬‭(SBI)‬‭and‬‭chairperson
‭and CEO of Salesforce India;
‭■ ‭Falguni Nayar,‬‭CEO of Nykaa,
‭■ ‭Vishakha mulye‬‭, CEO of Aditya Birla Cap‬‭,
‭■ ‭Kiran Mazumdar-Shaw,‬‭Executive chairperson of Biocon‬‭and
‭■ ‭Preetha Reddy,‬‭Vice chairperson of Apollo Hospitals.
‭ ) Recently, which of the following companies has become‬‭India's

Q
‭fifth-largest ecosystem player‬‭on the Unified Payments Interface (UPI),
‭clocking 120.41 million transactions amounting to Rs 6,549.1 crore in
‭September 2024?
‭A. Paytm ‭B. Navi
‭C. CRED ‭D. PhonePe
‭Answer: B. Navi‬
‭ ) Recently,‬‭Competition Commission of India‬‭has approved the proposed acquisition of 24.91% shareholding in Future
Q
‭Generali India Insurance Company Limited and 25.18% shareholding in Future Generali India Life Insurance Company
‭Limited by which of the following banks?
‭A. Bank of India ‭B. Union Bank of India
‭C. Bank of Baroda ‭D. Central Bank of India
‭Answer: D. Central Bank of India‬
‭ ) Recently, which of the following companies has received approval from‬‭International Financial Services Centres
Q
‭Authority (IFSCA)‬‭to commence business as a Finance‬‭Company in IFSC GIFT City Gujarat?
‭A. SBI Global Factors Ltd (SBIGFL) ‭B. PFC Infra Finance IFSC Limited (PIFIL)
‭C. Tata Capital Financial Services Limited ‭D. Muthoot Finance Limited
‭Answer: B. PFC Infra Finance IFSC Limited (PIFIL)‬
‭ ) Recently,‬‭NPCI Bharat BillPay Limited (NBBL)‬‭has partnered with which of the following organsiation‬‭to integrate
Q
‭National Pension System (NPS) as a biller category on the Bharat Connect platform?
‭A. Securities and Exchange Board of India (SEBI) ‭B. ‭Pension Fund Regulatory and‬‭Development Authority (PFRDA)
‭C. ‭Insurance Regulatory and Development Authority of India (IRDAI)‬ ‭D. Reserve Bank of India (RBI)
‭Answer: B. Pension Fund Regulatory and Development Authority (PFRDA)‬
‭ ) Recently, Global SWF has released a new global ranking of cities in terms of capital managed by their‬‭Sovereign
Q
‭Wealth Funds (SWFs)‬‭. Which of the following cities has been recognized as the richest city globally regarding sovereign
‭wealth funds?
‭A. Abu Dhabi ‭B. London
‭C. Riyadh ‭D. Sydney
‭Answer: A. Abu Dhabi‬

‭● ‭ s‬ ‭of‬ ‭October‬ ‭2024,‬ ‭Abu‬ ‭Dhabi‬ ‭has‬ ‭been‬‭recognized‬‭as‬‭the‬‭richest‬‭city‬‭globally‬‭regarding‬‭sovereign‬‭wealth
A
‭funds‬‭, boasting an impressive‬‭$1.7 trillion‬‭in capital.
‭○ ‭This‬ ‭figure‬ ‭includes‬ ‭the‬ ‭assets‬ ‭under‬ ‭management‬ ‭of‬ ‭Abu‬ ‭Dhabi‬ ‭Investment‬ ‭Authority‬ ‭(ADIA),
‭Mubadala‬ ‭Investment‬ ‭Company,‬‭and‬‭Abu‬‭Dhabi‬‭Developmental‬‭Holding‬‭Company‬‭(ADQ),‬‭Abu‬‭Dhabi
‭Investment‬‭Council‬‭(ADIC),‬‭Lunate,‬‭Abu‬‭Dhabi‬‭Fund‬‭for‬‭Development‬‭(ADFD),‬‭Tawazun,‬‭and‬‭Emirates
‭Investment Authority (EIA).
‭● ‭In‬‭addition‬‭to‬‭SWFs,‬‭the‬‭emirate‬‭is‬‭home‬‭to‬‭several‬‭other‬‭asset‬‭owners‬‭,‬‭including‬‭Central‬‭Banks‬‭(CBs),‬‭Public
‭Pension‬‭Funds‬‭(PPFs),‬‭and‬‭family‬‭offices‬‭linked‬‭to‬‭royal‬‭family‬‭members,‬‭or‬‭Royal‬‭Private‬‭Offices‬‭(RPOs).‬‭All
‭in‬‭all,‬‭it‬‭estimate‬‭Abu‬‭Dhabi’s‬‭public‬‭capital‬‭at‬‭US$‬‭2.3‬‭trillion‬‭and‬‭we‬‭project‬‭it‬‭to‬‭reach‬‭US$‬‭3.4‬‭trillion‬‭by
‭2030.
‭● ‭Following‬‭Abu‬‭Dhabi,‬‭other‬‭prominent‬‭cities‬‭include‬‭Oslo‬‭,‬‭which‬‭is‬‭home‬‭to‬‭the‬‭world’s‬‭largest‬‭sovereign‬‭wealth
‭fund, the‬‭Norwegian Government Pension Fund Global‬‭(NBIM)‬‭.
‭
● ‭Other notable cities in this ranking are‬‭Beijing‬‭,‬‭Singapore‬‭,‬‭Riyadh‬‭, and‬‭Hong Kong‬‭.
‭● ‭Collectively,‬ ‭these‬ ‭six‬ ‭cities‬ ‭manage‬ ‭approximately‬ ‭two-thirds‬ ‭of‬ ‭the‬ ‭total‬ ‭assets‬ ‭held‬ ‭by‬ ‭sovereign‬ ‭wealth
‭funds worldwide.
‭● ‭As‬ ‭of‬ ‭October‬ ‭1,‬ ‭2024,‬ ‭the‬ ‭total‬ ‭capital‬ ‭managed‬ ‭by‬ ‭sovereign‬ ‭wealth‬ ‭funds‬ ‭globally‬ ‭amounts‬ ‭to‬ ‭$12.5
‭trillion‬‭.
‭ ) Recently,‬‭World Bank‬‭in collaboration with which of the following organisation has approved an in-principle loan of
Q
‭Rs 15,000 crore to Andhra Pradesh for developing Amaravati as its capital city?
‭A. Asian Development Bank (ADB) ‭B. New Development Bank (NDB)
‭C. International Monetary Fund (IMF) ‭D. European Central Bank (ECB)
‭Answer: A. Asian Development Bank (ADB)‬
‭ ) Recently, which of the following state government has launched an ambitious project aimed at‬‭revitalizing 129 beels
Q
‭(wetlands)‬‭, covering an area of 3,800 hectares, to‬‭mitigate flooding and boost fish production in the state?
‭A. Assam ‭B. West Bengal
‭C. Bihar ‭D. Uttar Pradesh
‭Answer: A. Assam‬
‭ ) Recently, which of the following companies has become the latest Indian firm to join as the member of‬‭Global
Q
‭Lighthouse Network (GLN)‬‭of World Economic Forum (WEF)?
‭A. Amneal Pharmaceuticals ‭B. Acorda Therapeutics
‭C. Jubilant Ingrevia Limited ‭D. AcrannoLife Genomics
‭Answer: C. Jubilant Ingrevia Limited‬
‭● ‭List of companies:
‭○ ‭Sustainability Lighthouses
‭1. ‭Foxconn Industrial Internet (Shenzhen, People’s Republic of China)
‭2. ‭Hefei Midea Washing Machine Co., Ltd. (Hefei, People’s Republic of China)
‭3. ‭Qingdao Factory, Tsingtao Brewery Co., Ltd. (Qingdao, People’s Republic of China)
‭○ ‭Factory Lighthouses
‭1. ‭AstraZeneca (Södertälje, Sweden)
‭2. ‭AstraZeneca Pharmaceutical Co., Ltd. (Wuxi, People’s Republic of China)
‭3. ‭Beko Dishwasher Plant (Ankara, Türkiye)
‭4. ‭Coca-Cola Singapore (Tuas Bay, Singapore)
‭5. ‭Continental Automotive Czechia, s.r.o. (Brandys nad Labem, Czechia)
‭6. ‭F. Hoffmann-La Roche Ltd (Basel, Switzerland)
‭7. ‭Foxconn Industrial Internet (Bắc Giang, Viet Nam)

‭.
8 ‭ E HealthCare Beijing Site (Beijing, People’s Republic of China)
G
‭9. ‭Jubilant Ingrevia Limited (Bharuch, India)
‭10. ‭Mengniu Dairy (Ningxia) Co. LTD (Ningxia, People’s Republic of China)
‭11. ‭Qingdao‬‭Hisensehitachi‬‭Air-conditioning‬‭Systems‬‭Co.,‬‭Ltd.‬‭(Qingdao,‬‭People’s‬‭Republic‬‭of
‭China)
‭ 2.
1 ‭Sanmen Nuclear Power Co., Ltd. (Sanmen County, People’s Republic of China)
‭13. ‭SANY RENEWABLE ENERGY Co. (Shaoshan, People’s Republic of China)
‭14. ‭Schneider Electric (Monterrey, Mexico)
‭15. ‭Siemens AG - Electronics Factory Erlangen (Erlangen, Germany)
‭16. ‭Taiyuan‬ ‭Heavy‬ ‭Industry‬ ‭Railway‬ ‭Transit‬ ‭Equipment‬ ‭Co.,‬ ‭Ltd.‬ ‭(TZ)‬ ‭(Taiyuan,‬ ‭People’s
‭Republic of China)
‭17. ‭Zhengzhou‬ ‭Coal‬ ‭Mining‬ ‭Machinery‬ ‭(Group)‬ ‭Co.,‬ ‭Ltd.‬ ‭(Zhengzhou,‬ ‭People’s‬ ‭Republic‬ ‭of
‭China)
‭○ ‭End-to-End (E2E) Value Chain Lighthouses

‭1. ‭Qingdao Haier (Jiaozhou) Air Conditioner Co., Ltd. (Qingdao, People’s Republic of China)
‭2. ‭Schneider Electric (Shanghai, People’s Republic of China)
‭ ) As per recent information, which of the following countries has regained its title as the freest economy in the world,
Q
‭surpassing Singapore, according to the Fraser Institute’s‬‭Economic Freedom of the World report 2024‬‭?
‭A. Thailand ‭B. Laos
‭C. Indonesia ‭D. Hong Kong
‭Answer: D. Hong Kong‬
‭ ) Recently, Government has announced an increase in insurance benefits for all members of the Employees' Provident
Q
‭Fund Organisation (EPFO) under the‬‭Employees' Deposit Linked Insurance (EDLI) scheme‬‭. The enhanced scheme
‭provides life insurance cover of up to _________.
‭A. Rs 7 lakh ‭B. Rs 9 lakh
‭C. Rs 12 lakh ‭D. Rs 15 lakh
‭Answer: A. Rs 7 lakh‬
‭● ‭Employees' Deposit Linked Insurance (EDLI) scheme:

‭○ ‭The‬ ‭Employees‬ ‭Deposit‬ ‭Linked‬ ‭Insurance‬ ‭Scheme‬ ‭or‬ ‭EDLI‬ ‭is‬ ‭an‬ ‭insurance‬ ‭cover‬ ‭provided‬ ‭by‬ ‭the
‭EPFO‬‭(Employees‬‭Provident‬‭Fund‬‭Organisation)‬‭for‬‭private‬‭sector‬‭salaried‬‭employees‬‭who‬‭are‬‭members
‭of‬‭EPFO‬‭.
‭○ ‭The EDLI scheme was launched in‬‭1976‬‭.
‭○ ‭The‬‭registered‬‭nominee‬‭receives‬‭a‬‭lump-sum‬‭payment‬‭in‬‭the‬‭event‬‭of‬‭the‬‭death‬‭of‬‭the‬‭person‬‭insured
‭(employee) during the period of the service.

‭○ ‭ DLI scheme‬‭covers‬‭all organisations‬‭registered under the‬‭Employees Provident Fund‬‭and
E
‭Miscellaneous Provisions Act, 1952‬‭.
‭■ ‭They must subscribe to this scheme and provide life insurance benefits to their employees.
‭○ ‭This scheme works in combination with‬‭EPF (Employees' Provident Fund) and EPS (Employees'
‭Pension Scheme).
‭
○ ‭The‬‭scheme introduced‬‭a‬‭minimum insurance cover‬‭of‬‭Rs 1.5 lakh in 2018‬‭.
‭○ ‭Until‬ ‭April‬ ‭2021,‬ ‭the‬ ‭maximum‬ ‭insurance‬ ‭benefits‬ ‭for‬ ‭the‬ ‭legal‬ ‭heirs‬ ‭of‬ ‭deceased‬ ‭members‬ ‭were
‭capped at‬‭Rs 6 lakh‬‭.
‭○ ‭However,‬ ‭following‬ ‭a‬ ‭government‬ ‭notification‬ ‭on‬ ‭April‬ ‭28,‬ ‭2021‬‭,‬ ‭the‬ ‭benefits‬ ‭were‬ ‭enhanced‬ ‭to‬ ‭a
‭minimum of Rs 2.5 lakh‬‭and a‬‭maximum of Rs 7 lakh‬‭, effective for‬‭three years.
‭○ ‭Additionally,‬ ‭the‬ ‭government‬ ‭has‬‭relaxed‬‭the‬‭requirement‬‭of‬‭continuous‬‭service‬‭of‬‭12‬‭months‬‭in‬‭an
‭establishment‬‭, ensuring coverage for employees who may have changed jobs in that time.
‭○ ‭The‬‭enhanced benefits were‬‭originally set to expire on‬‭April 27, 2024.
‭● ‭EDLI Scheme Eligibility

‭○ ‭Employees'‬ ‭basic‬ ‭salary‬ ‭is‬ ‭up‬ ‭to‬ ‭Rs.15,000.‬ ‭When‬ ‭the‬ ‭employee's‬ ‭salary‬ ‭exceeds‬ ‭Rs.15,000,‬ ‭the
‭maximum benefit paid under the EDLI will be‬‭Rs.7 lakhs.
‭○ ‭The employee's organisation should have more than‬‭20 employees to opt for the EDLI scheme.
‭ ) Recently, India has extended its‬‭first-ever rupee-denominated Line of Credit‬‭, worth Rs. 487.60 crore, to which of the
Q
‭following countries to fund a water pipeline replacement project?
‭A. Nepal ‭B. Bangladesh
‭C. Mauritius ‭D. Bhutan
‭Answer: C. Mauritius‬
‭● ‭Indian Development and Economic Assistance Scheme (‬‭IDEAS‬‭).

‭○ ‭Launched‬‭in‬‭2003-04‬‭as the “‬‭India Development Initiative,”‬‭later renamed as‬‭IDEAS‬‭Scheme.
‭○ ‭Aim‬‭:‬ ‭To‬ ‭promote‬ ‭India’s‬ ‭political,‬ ‭economic,‬ ‭and‬ ‭strategic‬ ‭interests‬ ‭by‬ ‭providing‬ ‭developmental
‭assistance to developing countries.
‭○ ‭Ministry‬‭:‬ ‭The‬ ‭scheme‬ ‭is‬ ‭administered‬‭by‬‭the‬‭Ministry‬‭of‬‭External‬‭Affairs‬‭(MEA)‬‭with‬‭support‬‭from
‭Exim Bank.
‭○ ‭Provides‬ ‭Lines‬ ‭of‬ ‭Credit‬ ‭(LoCs)‬ ‭to‬ ‭developing‬ ‭countries‬ ‭for‬ ‭projects‬ ‭in‬ ‭infrastructure,‬ ‭water,
‭education‬‭, and other key sectors.
‭ ) Recently, which of the following private banks has signed a Memorandum of Understanding with the‬‭Deendayal
Q
‭Antyodaya Yojana-National Rural Livelihood Mission (DAY NRLM)‬‭, alongside nine Public Sector Banks,‬‭to promote
‭individual financing for higher-order enterprises?
‭A. IDBI Bank ‭B. ICICI Bank
‭C. Axis Bank ‭D. HDFC Bank
‭Answer: A. IDBI Bank‬
‭● ‭ hese Banks are‬‭Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India,
T
‭Indian Bank, Indian Overseas Bank, Punjab National Bank, UCO Bank and‬‭IDBI Bank Limited.
‭ ) Recently,‬‭Global index provider FTSE Russell‬‭has announced that Fully Accessible Route (FAR)-eligible Indian
Q
‭government bonds will be included in its Emerging Markets Government Bond Index (EMGBI) starting _________.
‭A. September 2025 ‭B. August 2026
‭C. March 2025 ‭D. December 2024
‭Answer: A. September 2025‬

‭ ) Recently,‬‭Reserve Bank of India (RBI)‬‭and Monetary Authority of which of the following countries have signed a
Q
‭currency swap agreement of USD 400 million under the SAARC Currency Swap Framework for 2024-2027?
‭A. Bhutan ‭B. Nepal
‭C. Maldives ‭D. Myanmar
‭Answer: C. Maldives‬
‭Additional Info‬
‭● ‭India‬‭has‬‭extended‬‭the‬‭budgetary‬‭support‬‭to‬‭the‬‭Government‬‭of‬‭Maldives‬‭in‬‭the‬‭form‬‭of‬‭rollover‬‭worth‬‭USD
‭50 million Treasury Bills (T-bills‬‭)‬‭for‬‭another year‬‭,‬‭at the request of Maldivian government.
‭● ‭This‬ ‭extension‬ ‭has‬‭been‬‭granted‬‭by‬‭the‬‭State‬‭Bank‬‭of‬‭India‬‭(SBI‬‭),‬‭which‬‭has‬‭subscribed‬‭the‬‭USD‬‭50‬‭million
‭T-bills‬‭issued by the‬‭Ministry of Finance, Maldives‬‭for‬‭another year.
‭● ‭This‬ ‭marks‬ ‭the‬ ‭2nd‬ ‭rollover‬ ‭granted‬ ‭by‬ ‭the‬ ‭Government‬ ‭of‬ ‭India‬ ‭in‬ ‭2024,‬ ‭after‬ ‭the‬ ‭1st‬ ‭rollover‬ ‭of‬ ‭USD‬ ‭50
‭million T-bills‬‭was granted‬‭in May 2024‬‭.
‭ ) According to‬‭International Monetary Fund (IMF)’s‬‭latest Fiscal Monitor report – October 2024, global public debt is
Q
‭expected to reach 93% of global GDP in 2024, and to approach 100% by which of the following year?
‭A. 2028 ‭B. 2035
‭C. 2030 ‭D. 2032
‭Answer: C. 2030‬
‭● ‭ he‬ ‭report‬ ‭includes‬ ‭a‬ ‭"‬‭severely‬ ‭adverse‬ ‭scenario‬‭"‬ ‭involving‬‭these‬‭factors‬‭that‬‭shows‬‭global‬‭public‬‭debt‬‭could

T
‭reach‬‭115 per cent‬‭in‬‭just three years‬‭, 20 percentage‬‭points higher than currently projected.
‭● ‭Countries‬‭should‬‭use‬‭the‬‭current‬‭period‬‭of‬‭lower‬‭inflation‬‭and‬‭interest‬‭rate‬‭cuts‬‭to‬‭strengthen‬‭their‬‭financial
‭reserves.
‭● ‭Countries‬‭need‬‭to‬‭implement‬‭fiscal‬‭adjustments‬‭between‬‭3.0%‬‭and‬‭4.5%‬‭of‬‭GDP‬‭to‬‭bring‬‭global‬‭public‬‭debt
‭under control.
‭● ‭It‬ ‭said‬ ‭current‬ ‭efforts,‬ ‭averaging‬‭1‬‭per‬‭cent‬‭of‬‭GDP‬‭over‬‭the‬‭six‬‭years‬‭from‬‭2023‬‭to‬‭2029‬‭,‬‭are‬‭insufficient‬‭to
‭reduce or stabilize debts with a high probability.
‭● ‭A‬‭cumulative‬‭tightening‬‭of‬‭3.8‬‭per‬‭cent‬‭would‬‭be‬‭needed‬‭to‬‭achieve‬‭this‬‭goal‬‭,‬‭but‬‭in‬‭the‬‭US,‬‭China,‬‭and‬‭other
‭countries where of GDP is not forecast to stabilize, substantially greater fiscal tightening would be needed.
‭● ‭The‬ ‭US‬ ‭this‬ ‭month‬ ‭is‬‭expected‬‭report‬‭a‬‭fiscal‬‭2024‬‭deficit‬‭of‬‭about‬‭$1.8‬‭trillion‬‭,‬‭or‬‭more‬‭than‬‭6.5‬‭per‬‭cent‬‭of
‭GDP, according to the Congressional Budget Office.
‭ ) Recently, who among the following has been appointed as new president of‬‭Indian Chamber of Commerce (ICC)‬‭?
Q
‭A. Sanjiv Goenka ‭B. N. Chandrasekaran‬
‭C. Abhyuday Jindal ‭D. Prithish Chowdhury
‭Answer: C. Abhyuday Jindal‬
‭ ) Recently, Adar Poonawalla has entered into a binding agreement to acquire a 50% stake in‬‭Dharma Productions‬‭, and
Q
‭its digital arm, Dharmatic Entertainment. The deal is valued at ___________.
‭A. ₹1,500 crore ‭B. ₹500 crore
‭C. ₹1,000 crore ‭D. ₹2,000 crore
‭Answer: C. ₹1,000 crore‬
‭ ) As per recently released World Bank (WB)’s ‘‬‭Poverty, Prosperity, and Planet Report 2024 - Pathways Out of the
Q
‭Polycrisis‬‭’, India has __________ citizens living‬‭in extreme poverty as they are surviving on less than Rs 180 (USD 2.15)
‭per day.
‭A. 107 million ‭B. 129 million
‭C. 141 million ‭D. 170 million

‭Answer: B. 129 million‬
‭● ‭Global Scenario:
‭○ ‭692 million people‬‭(8.5% of the global population) live on‬‭less than USD 2.15 per day.
‭○ ‭Around‬‭3.5‬‭billion‬‭people‬‭(44%‬‭of‬‭the‬‭global‬‭population)‬‭live‬‭below‬‭the‬‭upper‬‭middle-income‬‭poverty
‭line‬‭of‬‭USD 6.85 per day‬‭, largely unchanged since‬‭the 1990s due to population growth.
‭○ ‭Around‬‭one-fifth‬‭of‬‭the‬‭world’s‬‭population‬‭still‬‭lives‬‭in‬‭economies‬‭with‬‭high‬‭inequality‬‭climate‬‭change
‭is a major threat to poverty reduction.
‭○ ‭Nearly‬ ‭1‬ ‭in‬ ‭5‬ ‭people‬ ‭globally‬ ‭are‬ ‭likely‬ ‭to‬ ‭experience‬ ‭a‬ ‭severe‬‭weather‬‭shock‬‭in‬‭their‬‭lifetime‬‭from
‭which they will struggle to recover.
‭○ ‭Sub-Saharan‬‭Africa‬‭,‬‭with‬‭16%‬‭of‬‭the‬‭global‬‭population,‬‭accounts‬‭for‬‭67%‬‭of‬‭those‬‭in‬‭extreme‬‭poverty,
‭with the majority residing in fragile or conflict-affected areas.
‭○ ‭By‬ ‭2030‬‭,‬ ‭an‬ ‭estimated‬ ‭622‬ ‭million‬ ‭people‬ ‭(7.3%‬ ‭of‬ ‭the‬ ‭global‬ ‭population)‬ ‭are‬ ‭expected‬ ‭to‬ ‭live‬ ‭in
‭extreme poverty‬‭, with‬‭only 69 million projected‬‭to‬‭escape‬‭this status from 2024 to 2030.
‭● ‭India’s Scenario:
‭○ ‭Individuals are classified as‬‭extremely poor if‬‭they‬‭earn‬‭less than‬‭Rs 180 (‬‭USD 2.15‬‭) daily‬‭.
‭○ ‭On‬ ‭the‬ ‭other‬ ‭hand,‬‭the‬‭increased‬‭poverty‬‭threshold‬‭of‬‭USD‬‭6.85‬‭(around‬‭Rs‬‭576)‬‭for‬‭middle-income
‭countries results in more individuals below this line‬‭compared to 1990.
‭○ ‭Less‬‭than‬‭1%‬‭of‬‭the‬‭population‬‭aged‬‭15‬‭and‬‭above‬‭has‬‭no‬‭formal‬‭education‬‭,‬‭linking‬‭education‬‭levels
‭directly to poverty rates.
‭○ ‭Extreme‬‭poverty‬‭in‬‭India‬‭is‬‭expected‬‭to‬‭drop‬‭below‬‭3%‬‭by‬‭the‬‭end‬‭of‬‭the‬‭decade‬‭,‬‭indicating‬‭a‬‭potential
‭decline in India’s share of global extreme poverty.
‭○ ‭A‬‭significant‬‭decrease‬‭of‬‭38‬‭million‬‭individuals‬‭in‬‭poverty‬‭was‬‭noted‬‭in‬‭2021‬‭after‬‭a‬‭surge‬‭in‬‭previous
‭years, attributed to Gross Domestic Product (GDP) per capita growth.
‭○ ‭Notably,‬‭the‬‭extreme‬‭poverty‬‭rate‬‭in‬‭South‬‭Asia‬‭is‬‭significantly‬‭influenced‬‭by‬‭India,‬‭where‬‭fewer‬‭than
‭1% of those aged 15‬‭and‬‭above lack formal education‬‭.
‭ ) As per recent information,‬‭International Monetary Fund (IMF)‬‭kept its growth

Q
‭forecasts for India unchanged at _________ for FY25 in its World Economic
‭Outlook: Policy Pivot, Rising Threats, October 2024.
‭A. 7% ‭B. 6.5%
‭C. 7.5% ‭D. 8.2%
‭Answer: A. 7%‬
‭ ) Recently,‬‭Competition Commission of India (CCI)‬‭has approved the proposed acquisition of 26% (approx.) stake in
Q
_________ by Aquilo House Pte. Ltd.
‭A. Aadhar Housing Finance Limited ‭B. Aavas Financiers Limited
‭C. Repco Home Finance Limited ‭D. Home First Finance Company India Limited
‭Answer: B. Aavas Financiers Limited‬
‭ ) Recently, which of the following countries has become 69th member of‬‭Asian Development Bank (ADB)‬‭?
Q
‭A. Brazil ‭B. Israel
‭C. Mexico ‭D. Chile
‭Answer: B. Israel‬
‭ ) Recently, which of the following organisation has unveiled a new, integrated‬‭approach to agribusiness‬‭, committing to
Q
‭doubling its annual agri-finance and agribusiness investments to USD 9 billion by 2030?
‭A. Asian Development Bank (ADB) ‭B. World Trade Organization (WTO)
‭C. New Development Bank (NDB) ‭D. World Bank
‭Answer: D. World Bank‬

‭ ) Recently, National Financial Reporting Authority (NFRA) and which of the following institutes have signed a
Q
‭Memorandum of Understanding (MoU) to collaborate on‬‭capacity building programs‬‭for early and mid-career‬‭auditing
‭and accounting professionals and audit committee members and independent directors?
‭A. Institute of Company Secretaries of India (ICSI) ‭B. Institute of Chartered Accountants of India (ICAI)
‭C. Indian Institute of Corporate Affairs (IICA) ‭D. Institute of Cost Accountants of India
‭Answer: C. Indian Institute of Corporate Affairs (IICA)‬
‭ ) Recently,‬‭National Sample Survey Office (NSSO)‬‭has released the “Periodic Labour Force Survey (PLFS) July 2023-
Q
‭June 2024”. As per the survey, national average unemployment rate remained unchanged at _________.
‭A. 5% ‭B. 3.2%
‭C. 4.8% ‭D. 2.4%
‭ ) Recently, which of the following companies has become the first-ever payment aggregator to launch no-code data
Q
‭integration platform‬‭‘DataSync’‬‭?
‭A. CCAvenue ‭B. InstaMojo
‭C. PayU ‭D. Razorpay
‭Answer: D. Razorpay‬
‭ ) As per recent data released by Central Board of Direct Taxes (CBDT),‬‭direct taxes‬‭have surged to ___________ of
Q
‭total revenue in FY24, the highest in 14 years.
‭A. 51.41% ‭B. 56.72%
‭C. 53.27% ‭D. 60.63%
‭Answer: B. 56.72%‬
‭● ‭ irect‬‭taxes‬‭surged‬‭to‬‭56.72%‬‭of‬‭total‬‭revenue‬‭in‬‭FY24,‬‭the‬‭highest‬‭in‬‭14‬‭years‬‭while‬‭indirect‬‭taxes‬‭dropped
D
‭to‬‭43.28%‬‭.
‭○ ‭The‬‭last‬‭time‬‭the‬‭share‬‭of‬‭direct‬‭taxes‬‭had‬‭zoomed‬‭higher‬‭than‬‭the‬‭56.72‬‭level‬‭recorded‬‭in‬‭FY24‬‭was
‭way back in‬‭FY10 at 60.78 per cent.
‭● ‭Personal‬ ‭income‬ ‭tax‬ ‭(PIT)‬ ‭(‭R ‬ s‬ ‭10.45‬ ‭lakh‬ ‭crore‬‭)‬ ‭was‬ ‭higher‬ ‭than‬ ‭corporate‬ ‭tax‬ ‭(‬‭Rs‬ ‭9.11‬ ‭lakh‬ ‭crore‬‭)
‭collections.
‭
● ‭The‬‭direct‬‭tax-to-GDP ratio‬‭climbed to a 20-year high of‬‭6.64%‬‭.
‭● ‭Tax‬ ‭buoyancy‬‭(the‬‭growth‬‭rate‬‭of‬‭taxes‬‭in‬‭relation‬‭to‬‭the‬‭economy’s‬‭nominal‬‭growth‬‭rate)‬‭grew‬‭to‬‭2.12‬‭in
‭2023-24, from 1.18 in the previous financial year.
‭○ ‭A‬ ‭level‬ ‭higher‬ ‭than‬ ‭2‬ ‭for‬ ‭tax‬ ‭buoyancy‬ ‭was‬ ‭last‬ ‭recorded‬ ‭in‬ ‭2021-22‬ ‭(at‬ ‭2.52)‬ ‭and‬ ‭before‬ ‭that‬ ‭in
‭2007-08 (at 2.27).
‭○ ‭A‬‭tax‬‭buoyancy‬‭above‬‭2‬‭means‬‭tax‬‭revenues‬‭grew‬‭more‬‭than‬‭twice‬‭as‬‭fast‬‭as‬‭nominal‬‭GDP‬‭,‬‭reflecting
‭strong tax collection growth.
‭● ‭Top‬ ‭3‬ ‭Direct‬ ‭Tax‬ ‭Collection‬ ‭(States):‬ ‭Maharashtra‬ ‭(39%,‬ ‭Rs‬ ‭7.6‬ ‭lakh‬‭crore‬‭in‬‭FY24‬‭),‬‭Karnataka‬‭(12%,‬‭Rs
‭2.34 lakh crore‬‭) and‬‭Delhi‬‭(10.4%,‬‭Rs 2.03 lakh crore‬‭)‭.‬
‭● ‭The‬ ‭cost‬ ‭of‬ ‭tax‬ ‭collection‬ ‭—‬ ‭indicating‬ ‭the‬ ‭expenditure‬ ‭on‬ ‭tax‬ ‭collection‬ ‭as‬ ‭a‬ ‭proportion‬ ‭of‬ ‭the‬ ‭total‬ ‭tax
‭collections —‬‭inched down to 0.44 per cent in FY24,‬‭the lowest level since 2000-01.
‭○ ‭In‬‭absolute‬‭terms‬‭,‬‭though,‬‭it‬‭increased‬‭to‬‭Rs‬‭8,634‬‭crore‬‭,‬‭the‬‭highest‬‭level‬‭since‬‭2000-01,‬‭the‬‭year‬‭for
‭which data is last available by the CBDT.
‭● ‭The‬ ‭increase‬ ‭in‬ ‭collections‬ ‭was‬ ‭accompanied‬ ‭by‬ ‭an‬ ‭increase‬ ‭in‬ ‭returns‬ ‭filed‬‭,‬ ‭income‬ ‭tax‬ ‭return‬ ‭filers‬ ‭and
‭taxpayers.
‭○ ‭Income tax return filers‬‭increased to 8.09 crore in FY24‬‭from‬‭7.4 crore in FY23‬‭.
‭○ ‭In‬‭assessment‬‭year‬‭2023-24,‬‭which‬‭related‬‭to‬‭tax‬‭data‬‭for‬‭financial‬‭year‬‭2022-23,‬‭taxpayers‬‭increased‬‭to
‭10.41 crore‬‭from 9.37 crore‬‭.
‭○ ‭A‬‭taxpayer‬‭is‬‭a‬‭person‬‭who‬‭either‬‭has‬‭filed‬‭a‬‭return‬‭of‬‭income‬‭for‬‭the‬‭relevant‬‭Assessment‬‭Year‬‭(AY)
‭or‬‭in‬‭whose‬‭case‬‭tax‬‭has‬‭been‬‭deducted‬‭at‬‭source‬‭in‬‭the‬‭relevant‬‭financial‬‭year‬‭but‬‭the‬‭taxpayer‬‭has‬‭not
‭filed the return of income.

‭ ) Recently, Asian Development Bank (ADB) has approved a‬‭$434.25 million loan‬‭to increase renewable energy
Q
‭capacity and improve energy security in which of the following states?
‭A. Assam ‭B. Arunachal Pradesh
‭C. Nagaland ‭D. Tripura
‭Answer: A. Assam‬
‭ ) Recently, which of the following institutes has joined hands with‬‭Small Industries Development Bank of India
Q
‭(SIDBI)‬‭to foster entrepreneurship in the Northeast?
‭A. Indian Institute of Technology (IIT), Guwahati ‭B. National Institute of Technology, Silchar
‭C. National Institute of Technology, Meghalaya ‭D. Indian Institute of Management (IIM), Shillong
‭Answer: D. Indian Institute of Management (IIM), Shillong‬
‭ ) According to the recently released Reserve Bank of India’s annual‬‭Census on Foreign Liabilities and Assets of Indian
Q
‭Direct Investment Entities for 2023-24‬‭, which of the following countries continued to be the largest source of Foreign
‭Direct Investment (FDI) in India?
‭A. Mauritius ‭B. United States of America (USA)
‭C. Singapore ‭D. United Kingdom (UK)
‭Answer: B. United States of America (USA)‬
‭● ‭ ver‬ ‭97‬ ‭per‬‭cent‬‭of‬‭the‬‭responding‬‭Direct‬‭investment‬‭entities‬‭were‬‭unlisted‬‭as‬‭at‬‭end-‬‭March‬‭2024‬‭and‬‭they

O
‭held the dominant share in total FDI equity capital at face value
‭
● ‭Non-financial companies‬‭accounted for nearly‬‭90 per cent of the FDI equity‬‭at face value
‭● ‭Listed and unlisted companies had nearly equal shares in total FDI at market value
‭● ‭It‬ ‭showed‬ ‭total‬ ‭FDI‬‭in‬‭India‬‭surged‬‭by‬‭23.3‬‭per‬‭cent‬‭at‬‭market‬‭value‬‭in‬‭rupee‬‭terms‬‭during‬‭2023-24‬‭mainly
‭due‬‭to‬‭large‬‭valuation‬‭gains‬‭as‬‭well‬‭as‬‭fresh‬‭FDI‬‭inflows;‬‭on‬‭the‬‭other‬‭hand,‬‭ODI‬‭growth‬‭was‬‭much‬‭lower‬‭at‬‭3.4
‭per cent
‭● ‭Unlisted‬‭entities‬‭recorded‬‭17.5‬‭per‬‭cent‬‭growth‬‭in‬‭FDI‬‭at‬‭market‬‭value‬‭during‬‭the‬‭year;‬‭in‬‭the‬‭listed‬‭space,‬‭the
‭corresponding growth was even higher at 29.8 per cent.
‭● ‭It‬‭showed‬‭the‬‭ratio‬‭of‬‭outward‬‭to‬‭inward‬‭DI‬‭stock‬‭at‬‭market‬‭value‬‭declined‬‭to‬‭16.1‬‭per‬‭cent‬‭in‬‭March‬‭2024
‭from 19.3 per cent in March 2023‬‭, due to FDI growth‬‭outpacing ODI rise.
‭● ‭The‬‭United‬‭States‬‭continued‬‭to‬‭be‬‭the‬‭largest‬‭source‬‭of‬‭FDI‬‭in‬‭India‬‭,‬‭followed‬‭by‬‭Mauritius,‬‭Singapore‬‭and
‭the‬ ‭United‬ ‭Kingdom‬‭.‬ ‭In‬ ‭case‬ ‭of‬ ‭ODI,‬ ‭Singapore,‬ ‭the‬ ‭United‬ ‭States‬‭and‬‭the‬‭United‬‭Kingdom‬‭were‬‭the‬‭top
‭destinations
‭● ‭Manufacturing‬ ‭sector‬ ‭accounted‬ ‭for‬ ‭over‬ ‭50%‬ ‭of‬ ‭total‬ ‭FDI‬ ‭equity‬ ‭capital‬ ‭at‬ ‭market‬ ‭value‬‭;‬ ‭at‬‭face‬‭value,
‭while it had approximately 40% of the total share when calculated at face value.
‭ ) As per the latest series of reports from the‬‭UNESCO Institute for Statistics on world education statistics‬‭, between 2015
Q
‭and 2024, India allocated approximately _________ of its GDP (Gross domestic product) to education.
‭A. 2.3% to 3.8% ‭B. 4.1% to 4.6%
‭C. 4.8% to 5.2% ‭D. 5.2% to 5.8%
‭Answer: B. 4.1% to 4.6%‬
‭● I‭ n‬ ‭2022,‬ ‭India's‬ ‭expenditure‬ ‭on‬ ‭education‬ ‭as‬ ‭a‬ ‭percentage‬ ‭of‬ ‭GDP‬ ‭was‬ ‭lower‬ ‭than‬ ‭Bhutan‬ ‭(7.5‬‭per‬‭cent),
‭Kazakhstan‬ ‭(7.2‬ ‭per‬ ‭cent),‬ ‭Maldives‬ ‭(4.7‬ ‭per‬ ‭cent),‬ ‭Tajikistan‬‭(5.7‬‭per‬‭cent),‬‭and‬‭Uzbekistan‬‭(5.2‬‭per‬‭cent).
‭Compared to the whole of Asia, India spends more on education than countries like‬‭China and Japan.
‭● ‭The‬ ‭report‬ ‭also‬‭noted‬‭a‬‭global‬‭decline‬‭in‬‭public‬‭expenditure‬‭on‬‭education,‬‭from‬‭13.2‬‭per‬‭cent‬‭in‬‭2010‬‭to‬‭12.5
‭per cent‬‭in 2020‬‭, with a significant drop following the Covid-19 pandemic.


BankingAwarenessOctober2024 - Set 2 - 1732082640

Uploaded by

Copyright:

Available Formats

BankingAwarenessOctober2024 - Set 2 - 1732082640

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

BankingAwarenessOctober2024 - Set 2 - 1732082640

Uploaded by

Copyright:

Available Formats

‭Banking Awareness October - Set 2‬ ‭by Dr.

‭Answer: B. Securities and Exchange Board of India (SEBI)‬

‭Answer: A. Isha Ambani‬

‭1‬ ‭© Copyright 2024 Study IQ‬

‭Answer: A. Trinidad and Tobago‬

‭Answer: C. United Nations Development Programme (UNDP)‬

‭Answer: B. State Bank of India (SBI)‬

‭2‬ ‭© Copyright 2024 Study IQ‬

‭Domestic Demand and Inflation:‬

‭Answer: C. Rajnish Kumar‬

‭3‬ ‭© Copyright 2024 Study IQ‬

‭Answer: A. Department for Promotion of Industry and Internal Trade (DPIIT)‬

‭4‬ ‭© Copyright 2024 Study IQ‬

‭Answer: B. Mankind Pharma Ltd‬

‭● ‭ he results show that the manufacturing‬‭Gross Value Added (GVA)‬‭grew by

‭5‬ ‭© Copyright 2024 Study IQ‬

‭Answer: B. Rs. 783 per day‬

‭Answer: B. Power Finance Corporation (PFC) Ltd.‬

‭Answer: A. Aviral Jain‬

‭Answer: B. Federal Bank‬

‭6‬ ‭© Copyright 2024 Study IQ‬

‭Answer: A. Himachal Pradesh‬

‭Answer: C. USD 1.265 billion‬

‭Answer: A. Asian Development Bank (ADB)‬

‭Answer: B. September 30, 2025‬

‭Remission of Duties and Taxes on Exported Products (RoDTEP) scheme:‬

‭7‬ ‭© Copyright 2024 Study IQ‬

‭Answer: C. Pension Fund Regulatory and Development Authority (PFRDA)‬

‭Atal Pension Yojana‬

‭Answer: B. Institute of Economic Growth (IEG)‬

‭About ANUBHAV Awards:‬

‭8‬ ‭© Copyright 2024 Study IQ‬

‭Answer: A. Vijay Chandok‬

‭● ‭Monetary Policy Committee (MPC) meeting (October 7 to 9, 2024):

‭9‬ ‭© Copyright 2024 Study IQ‬

‭Answer: B. Rs 1.9 trillion‬

‭10‬ ‭© Copyright 2024 Study IQ‬

‭Answer: B. Uttar Pradesh‬

‭Answer: C. 3 per cent‬

‭Answer: B. 78.97 billion‬

‭11‬ ‭© Copyright 2024 Study IQ‬

‭Answer: C. Bajaj Allianz Life Insurance Company‬

‭Answer: C. NPCI International Payments Limited‬

‭Answer: D. Reserve Bank - Climate Risk Information System‬

‭Answer: D. World Bank‬

‭12‬ ‭© Copyright 2024 Study IQ‬

‭Answer: C. Mukesh Ambani‬

‭Answer: A. Hindustan Aeronautics Limited (HAL)‬

‭13‬ ‭© Copyright 2024 Study IQ‬

‭Answer: B. National Bank for Agriculture and Rural Development (NABARD)‬

‭Answer: D. Paul Krugman‬

‭Answer: A. Manoj Kumar Dubey‬

‭Answer: A. Infrastructure Development‬

‭14‬ ‭© Copyright 2024 Study IQ‬

‭Answer: A. 31‬‭st‬ ‭December 2024‬

‭Answer: B. Axis Bank‬

‭Answer: B. Mary Barra‬

‭15‬ ‭© Copyright 2024 Study IQ‬

‭ ) Recently, which of the following companies has become‬‭India's