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 Banking, Finance & Economy Q&A: July 2024
1. In June 2024, the World Bank (WB) approved_________ for ‘Second Low-Carbon Energy
Programmatic Development Policy Operation’ to accelerate the development of low-carbon
energy in India.
1) USD 2.6 billion
2) USD 1.5 billion
3) USD 9.8 billion
4) USD 3.5 billion
5) USD 6.2 billion
Answer- 2) USD 1.5 billion
Explanation:
On June 29, 2024, The World Bank (WB) approved USD 1.5 billion for the ‘Second Low-Carbon
Energy Programmatic Development Policy Operation’ to help India accelerate the development of
low-carbon energy.
 It is the second in a series of two similar-sized operations, which mainly focuses on
enhancing market capabilities for green hydrogen, scaling up renewable energy capacity,
and stimulating investments in low-carbon energy sectors.
 It will support reforms aimed at increasing green hydrogen production, including the
development of electrolyzers which are essential for hydrogen production.
 It also intends to incentivize battery energy storage systems and enhance the integration of
renewable energy into India’s electricity grid through amendments to the Indian Electricity
Grid Code (IEGC).
Option Revision:
1) Covered in April 2024:USD2.63 billion
As per the data released by the Ministry of Defence (MoD), the Indian defense sector has recorded the
highest ever defence exports of Rs21,083 crore i.e. approximately USD2.63 billion in FY 2023-2024.
3) Covered in April 2024:USD 9.8 billion
Asian Development Bank(ADB) pledged USD 23.6 billion from its own resources in 2023 which also
include USD 9.8 billion for climate action, to help Asia and Pacific progress on sustainable
development. The amount is raised through loans, grants, equity investments, guarantees and
technical support provided to governments and private sector.
4) Covered in March 2024:USD 3.5 billion
The Asian Development Bank (ADB) priced a USD 3.5 billion 5-year global bond. The proceeds of this
bond will become part of ADB’s ordinary capital resources.

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option revision for rest of questions on our Daily CA App Quiz(Explanation
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2. In June 2024, the Securities and Exchange Board of India (SEBI) raised the threshold of the
Basic Service Demat Account (BSDA) from the existing limit of Rs 2 lakh to ________.
1) Rs 5 lakh
2) Rs 8 lakh
3) Rs 3 lakh
4) Rs 6 lakh
5) Rs 10 lakh
Answer- 5) Rs 10 lakh
Explanation:
On 28th June 2028, the Securities and Exchange Board of India (SEBI) has raised the threshold of
Basic Service Demat Account (BSDA) from existing limit of Rs 2 lakh to Rs 10 lakh. It aims to
encourage small investors to participate in the stock market and promote their financial access.
 As per the SEBI circular, the updated regulations will come into effect from 1st September,
2024.
 As per new regulations, in order to be eligible for BSDA, an individual is required to have
only one demat account where the person is the sole or 1st holder across all depositories
and the value of securities in the account should not exceed Rs 10 lakh for both debt and
non-debt securities at any time.
 As per SEBI circular, the annual maintenance charges for a BSDA will be nil for portfolio up
to Rs 4 lakh and for portfolio up to Rs 10 lakh, the annual charges will be Rs 100.

3. In June 2024, the Securities and Exchange Board of India (SEBI) has revised the eligibility
criteria for entry and exit of stocks in the __________ segment of exchanges.
1) Equities
2) Derivatives
3) Currencies
4) Commodities
5) Assets
Answer- 2) Derivatives
Explanation:
On 28th June 2024, the board of Securities and Exchange Board of India (SEBI) has revised the
eligibility criteria for entry and exit of stocks in the derivatives segment of exchanges.
 As per new rules, the eligibility criteria for exit will be applicable to only those stocks that
have been in the derivative segment for minimum 6 months.
 Whereas, the exit criteria for existing stocks in the derivatives segment will be based on
their performance and will be applicable 3 months after the date of issuance of circular.

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The SEBI has also introduced Product Success Framework (PSF) in single stock Futures &
Options(F&O) segment. The new framework will become applicable after 6 months from the date of
issuance of the circular.

4. Which bank has recently (in June ‘24) signed an agreement to provide financial support of
over Rs 850 crore for urban infrastructure projects in Mumbai with the Mumbai Metropolitan
Region Development Authority(MMRDA)?
1) Asian Development Bank
2) World Bank
3) KfW Bank
4) Japan International Cooperation Agency
5) Asian Infrastructure Investment Bank
Answer- 3) KfW Bank
Explanation:
The Mumbai Metropolitan Region Development Authority (MMRDA) has signed an agreement with
Frankfurt-based-German state-owned development bank KfW(formerly known as KfW
Bankengruppe) to provide financial support of over Rs 850 crore for urban infrastructure projects in
Mumbai, Maharashtra.
 As per the agreement, MMRDA will also raise around Rs 365 crore through its own
resources as its equity contribution for these sustainable projects.
 The funds provided by KfW and MMRDA through their resources will mainly be allocated
towards various sustainable development projects within and around the Mumbai
Metropolitan Region in Maharashtra.

5. Which bank has recently (in June ‘24) launched a new facility for online collection of direct
taxes for its customers?
1) Bandhan Bank
2) HDFC Bank
3) Bank of Baroda
4) RBL Bank
5) YES Bank
Answer- 1) Bandhan Bank
Explanation:
On 28th June 2024, Bandhan Bank launched a facility for online collection of direct taxes, enabling
its customers and others to pay taxes seamlessly across India.
 The service is available through internet banking, payment gateway, cash, cheque, or
demand draft.
 It also accepts offline payments of direct taxes through its 1,700 branches.

6. Which bank has recently (in June ‘24) won the ‘Atal Pension Yojana (APY) Ultimate
Champions Cup’ by the Pension Fund Regulatory and Development Authority (PFRDA)?
1) Punjab National Bank
2) Bank of India
3) State Bank of India
4) Indian Bank

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5) Indian Overseas Bank
Answer- 2) Bank of India
Explanation:
Bank of India(BOI) has won the Atal Pension Yojana Annual Award for FY2023-24 by Pension Fund
Regulatory and Development Authority (PFRDA )Awards for the second consecutive year.
 BOI was also awarded the ‘APY Ultimate Champions Cup’ while three of its branches have
been recognized among the top five branches across India.
 Three BOI-sponsored regional rural banks(RRB) were also recognised for their
accomplishments in APY enrollment: Nagpur(Maharashtra)-headquartered Vidharbha
Konkan Gramin Bank (VKGB), Indore(Madhya Pradesh)-headquartered Madhya Pradesh
Gramin Bank (MPGB), and Lucknow(Uttar Pradesh)-headquartered Aryavart Bank (AB).

7. Which country was recently (in June ‘24) removed from the "grey list" of the Financial Action
Task Force (FATF)?
1) Egypt
2) Turkey
3) Pakistan
4) Afghanistan
5) Myanmar
Answer- 2) Turkey
Explanation:
In June 2024, the Financial Action Task Force(FATF) removed Turkey from its “grey list” of countries
that need special monitoring, handing a major vote of confidence to the country in the midst of its
economic turnaround efforts,
 The FATF in its 2021 report had found sectors like banking, construction and property in
Turkey vulnerable to illicit financing of United Nations-sanctioned groups like the Islamic State
and al-Qaeda.

8. What was the remittance value received by India in 2023 according to the World Bank's
"Migration and Development Brief" released in June 2024?
1) USD 120 billion
2) USD 100 billion
3) USD 31.73 billion
4) USD 111 billion
5) USD 152 billion
Answer- 1) USD 120 billion
Explanation:
On June 26, 2024, the World Bank (WB) released a report titled ‘Migration and Development Brief
40 June 2024: Remittances Slowed in 2023,Expected to Grow Faster in 2024‘. As per it, India received
USD 120 billion in remittances in 2023, a 7.5% increase.
 The reason behind this increase is lower inflation and strong labor markets in the United
States of America (USA) and Europe.
 Remittances to India are forecasted to grow 3.7% to USD 124 billion in 2024 and 4% to
USD 129 billion in 2025.

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  Remittances from the United Arab Emirates (UAE), accounted for 18% of India’s
remittances, the second-largest source of India’s remittances after the US.Click here to
read more

9. Which bank has recently (in June ‘24) launched its new "Union Premier" branches for high-
value customers in the Rural and Semi-Urban (RUSU) markets?
1) Karnataka Bank Limited
2) Union Bank of India
3) Federal Bank
4) India Post Payments Bank
5) Lakshmi Vilas Bank
Answer- 2) Union Bank of India
Explanation:
The Union Bank of India, one of the largest government-owned banks of India, launched its new
“Union Premier” branches, designed for Union Bank’s high-value customers in the Rural and Semi-
Urban (RUSU) markets at an event in Mumbai, Maharashtra.
 These branches provide personalised banking services, offering a wide range of products
and services under one roof for high-value RUSU customers.
 Dedicated Personal Relationship Manager (RM) for each Union Premier customer for all
banking needs.
 Customers will enjoy quick services with minimal turnaround time.

10. Where is the headquarters of the Financial Action Task Force (FATF) situated?
1) Paris, France
2) Jakarta, Indonesia
3) London, United Kingdom
4) Brussels, Belgium
5) Geneva, Switzerland
Answer- 1) Paris, France
Explanation:
About Financial Action Task Force (FATF):
It is an intergovernmental organisation established in 1989.India became a member of FATF in 2010.
Members– 40
Headquarters– Paris, France

11.In which year was the World Bank (WB) established?

1) 1947
2) 1952
3) 1944
4) 1950
5) 1957
Answer- 3) 1944
Explanation:
About World Bank (WB):
President– Ajay Banga

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Headquarters– Washington, DC, USA
Establishment– 1944

12. The report titled 'Payroll Reporting in India: An Employment Perspective January to April
2024' released by ________________, highlights a decline in gross new subscribers addition to the
EPFO for FY24 by over 4% to 10.9 million as compared to FY23.
1) Employees’ Provident Fund Organisation (EPFO)
2) Ministry of Statistics and Programme Implementation (MoSPI)
3) Pension Fund Regulatory and Development Authority (PFRDA)
4) Employees’ State Insurance Corporation (ESIC)
5) Ministry of Labour and Employment (MoL&E)
Answer- 2) Ministry of Statistics and Programme Implementation (MoSPI)
Explanation:
The Ministry of Statistics and Programme Implementation (MoSPI) released a report titled ‘Payroll
Reporting in India: An Employment Perspective January to April, 2024‘ which highlights a decline in
gross new subscribers/members addition to the Employees’ Provident Fund Organisation (EPFO) for
the Fiscal Year 2023-24 (FY24) by over 4% to 10.9 million as compared to FY 2022-23 (FY23).
 EPFO recorded 10,993,119 gross additions of new members FY24 as compared to
11,498,453 in FY23.
 The Employees’ State Insurance Corporation (ESIC) also saw a slight dip in new member
additions to 16,760,672 in 2023-24 from 16,773,023 in 2022-23.
 The National Pension Scheme (NPS) saw an increase in new subscribers, rising to
9,37,020 in 2023-24 from 8,24,735 in 2022-23.

13. Which bank has recently (in July’24) joined Project Nexus, an international initiative that
aims to facilitate instant cross-border retail payments by linking domestic Fast Payments
Systems (FPSs) through a unified platform?
1) National Housing Bank(NHB)
2) Reserve Bank of India (RBI)
3) National Bank for Agriculture and Rural Development (NABARD)
4) Small Industries Development Bank of India (SIDBI)
5) Export-Import Bank of India (EXIM Bank)
Answer- 2) Reserve Bank of India (RBI)
Explanation:
On July 1, 2024, the Reserve Bank of India (RBI) has joined Project Nexus, a multilateral international
initiative aimed at facilitating instant cross-border retail payments by interlinking domestic Fast
Payments Systems (FPSs) through a unified platform.
 Project Nexus is conceptualized by the Innovation Hub of the Basel, Switzerland-based Bank
for International Settlements (BIS) to streamline and standardize the connection between
domestic Instant Payment Systems (IPS) worldwide.
 It is the first BIS project in payments moving towards live implementation.
 It aims to connect the FPSs of Malaysia, Philippines, Singapore, Thailand, and India as the
founding members, and first mover countries of the platform.
 An agreement for the same was signed by the BIS and the Central Banks of the founding
countries viz. Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng

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 Pilipinas (BSP), Monetary Authority of Singapore (MAS), and the RBI on June 30, 2024, in
Basel, Switzerland.
 The platform is expected to go live by 2026, with the potential for future expansion.

14. Which bank has recently (in July 2024) launched “MSME-Sahaj," a web-based digital
business loan solution for micro, small, and medium enterprises (MSME) invoice financing?
1) YES Bank
2) HDFC Bank
3) Bank of Baroda
4) State Bank of India
5) Bank of India
Answer- 4) State Bank of India
Explanation:
State Bank of India (SBI), India’s largest Public Sector Bank (PSB), has launched “MSME-Sahaj”, web-
based digital business loans solutions for Micro, Small and Medium Enterprises (MSMEs) invoice
financing.
 Objective: To offer “on tap” short-term credit to meet the capital needs of MSME units who
are part of Goods and Services Tax (GST) regime.
 Using MSME Sahaj, the SBI customers can avail finance or loan against their GST-registered
sales invoices of up to Rs 1 lakh.

15. Name the bank that has recently (in June ‘24) partnered with Receivables Exchange of India
Ltd (RXIL) to offer pre-shipment financing solution for Micro, Small, and Medium Enterprises
(MSMEs)?
1) HSBC India
2) Standard Chartered Bank
3) Deutsche Bank
4) BNP Paribas
5) DBS Bank India
Answer- 5) DBS Bank India
Explanation:
DBS Bank India is set to launch a pre-shipment financing solution to empower small and medium
enterprises (SMEs) in India, in partnership with Receivables Exchange of India Ltd (RXIL), the first
Reserve Bank of India-licensed exchange platform under the Trade Receivables electronic Discounting
System (TReDS).
 DBS Bank India will be the 1st bank to partner with RXIL to offer end-to-end supplier
financing and this offering will be particularly relevant for the Micro, Small, and Medium
Enterprises (MSMEs) and SMEs across India.
 This partnership aims to revolutionise MSME financing with data-driven solutions,
enhancing liquidity and growth opportunities.

16. Who has been recently (in June ‘24) selected as the 27th Chairman of the State Bank of
India (SBI) by the Financial Services Institution Bureau (FSIB)?
1) Challa Sreenivasulu Setty
2) Sanjeev Nautiyal

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3) Nidhu Saxena
4) Amitabh Singh Chaudhry
5) Shanti Lal Jain
Answer- 1) Challa Sreenivasulu Setty
Explanation:
Challa Sreenivasulu Setty has been selected as the 27th Chairman of State Bank of India (SBI) by
the Financial Services Institution Bureau (FSIB), an arm of the central government of India.
 Setty will succeed current chairman Dinesh Kumar Khara, whose extended term is set to
end on August 28 2024.
 Currently, Setty is serving as one of the Managing Directors (MD) of the SBI.

17. According to the International Monetary Fund (IMF) recently (in June’ 24) released
Artificial Intelligence Preparedness Index (AIPI) Dashboard, India has secured the _______
among the 174 countries.
1) 54th Rank
2) 68th Rank
3) 45th Rank
4) 86th Rank
5) 72nd Rank
Answer- 5) 72nd Rank
Explanation:
On 25th June 2024, the International Monetary Fund (IMF) released an Artificial Intelligence
Preparedness Index (AIPI) Dashboard which tracks the level of Artificial Intelligence (AI) readiness
across 174 countries. According to AIPI, India has secured the 72nd Rank among the 174 countries,
with a rating of 0.49.
 Singapore (0.80) topped the overall index followed by Denmark (0.78) and the United
States of America (USA) (0.77) at the 2nd and 3rd position respectively.
 The index ranked the countries based on their performance in 4 key areas such as: digital
infrastructure, human capital and labour market policies, innovation and economic
integration, and regulation and ethics.
 It has classified each country into 3 main categories such as: Advanced Economy (AE),
Emerging Market Economy (EM), and Low-Income Country (LIC).
 India with a rating of 0.49 has been placed in the EM category. India is the 2nd country with
the highest rating in the Asia region after China which is ranked at 31st spot with a rating
of 0.63.

18. Which bank has recently (in July ‘24) launched a pre-paid 'Student Sapphiro Forex Card' for
Indian students heading abroad for higher education?
1) Yes Bank
2) ICICI Bank
3) Bank of India
4) HDFC Bank
5) Axis Bank
Answer- 2) ICICI Bank

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Explanation:
On July 2, 2024, ICICI Bank launched a pre-paid ‘Student Sapphiro Forex Card’ for Indian students
heading abroad for higher education. This Visa-powered prepaid card offers a comprehensive
solution for managing education-related expenses such as admission and course fees, as well as
everyday costs like travel, dining, and groceries.
 This Card can be applied through the official ICICI Bank website or its banking application,
iMobile Pay.
 The Student Sapphiro Forex card provides currency support for loading and transacting in 15
currencies without any cross-currency mark-up charges.

19. Which bank has recently (in July 2024) signed a co-lending partnership with Piramal
Capital and Housing Finance Limited for Micro, Small and Medium Enterprises (MSMEs) and
Home Loan segments?
1) Yes Bank
2) ICICI Bank
3) Karnataka Bank
4) South Indian Bank
5) Axis Bank
Answer- 5) Axis Bank
Explanation:
Axis Bank Limited, a private sector bank, and Piramal Capital and Housing Finance Limited
(Piramal Finance), a Non-Banking Financial Company – Housing Finance Company (NBFC-HFC), has
entered into a co-lending partnership focusing on Micro, Small and Medium Enterprises (MSMEs)
and Home Loan segments.
i.The partnership aims to boost financial inclusion for underserved borrowers, facilitate easier access
to credit for MSMEs to foster business growth.
ii.under this partnership, both the lenders will provide loans to the middle and low-income
segment customers with focus on rural and semi-urban areas.

20. Who has been recently (in July 2024) appointed as the Managing Director (MD) and Chief
Executive Officer (CEO) of the Life Insurance Corporation of India(LIC)?
1) Bhupesh Sushil Rahul
2) Rajeev Singhal
3) Sanjay Shukla
4) Siddhartha Mohanty
5) Anand Sen
Answer- 4) Siddhartha Mohanty
Explanation:
Life Insurance Corporation of India (LIC), India’s largest Public Sector Insurance Company, has re-
designated its Chairman, Siddhartha Mohanty as its new Managing Director (MD) and Chief
Executive Officer (CEO), with effect from 30th June 2024.
 He was appointed as chairman of LIC in April 2023 until 29th June 2024 and was also
appointed as MD and CEO of LIC from June 2024 until 7th June 2025.

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21.Who has been recently (in July’ 24) appointed as the Executive Director of the Reserve Bank
of India (RBI) with effect from July 3 2024?
1) Neelesh Garg
2) Sarada Kumar Hota
3) Arnab Kumar Chowdhury
4) Rajeev Yadav
5) Amit Jhingran
Answer- 3) Arnab Kumar Chowdhury
Explanation:
The Reserve Bank of India (RBI) has appointed Arnab Kumar Chowdhury as executive director
with effect from July 3 2024. Chowdhury will look after three departments, including DICGC.
 He will look after Deposit Insurance and Credit Guarantee Corporation (DICGC), foreign
exchange department.
 He has experience of over three decades in the Reserve Bank of India. He has worked
extensively in the area of supervision of financial entities.
 Prior to being promoted as ED, Chowdhury was serving as Chief General Manager-in-Charge in
the Department of Supervision of the RBI.

22.Who is the current (as of July’ 24) Managing Director(MD) and Chief Executive Officer (CEO)
of ICICI Bank?
1) Govind Singh
2) Sandeep Bakhshi
3) R. Viswesvaran
4) Prashant Tripathy
5) Anand Roy
Answer- 2) Sandeep Bakhshi
Explanation:
About ICICI Bank:
Managing Director(MD) and Chief Executive Officer (CEO)- Sandeep Bakhshi
Establishment – 1994
Headquarters – Mumbai, Maharashtra
Tagline– Hum hai na, Khayal Apka

23. How many member nations are there in the International Monetary Fund(IMF)?
1) 190
2) 189
3) 160
4) 144
5) 170
Answer- 1) 190
Explanation:
About International Monetary Fund(IMF):
Managing Director– Kristalina Georgieva
Member nations–190

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Headquarters- Washington, D.C., United States of America (USA)
Established- 1944

24. Which of the following has recently (in July ‘24) signed a MoU with Online PSB Loans
Limited(OPL) to digitalize the enrolment and claim settlement processes under the Jan
Suraksha Schemes (JSS) for all 43 Regional Rural Banks (RRBs)?
1) Reserve Bank of India(RBI)
2) National Bank for Agricultural and Rural Development (NABARD)
3) Small Industries Development Bank of India (SIDBI)
4) Employees' State Insurance Corporation(ESIC)
5) Pension Fund Regulatory and Development Authority (PFRDA)
Answer- 2) National Bank for Agricultural and Rural Development (NABARD)
Explanation:
The National Bank for Agricultural and Rural Development (NABARD) has signed a Memorandum of
Understanding (MoU) with Online PSB Loans Limited(OPL) to promote financial inclusion through
Regional Rural Banks (RRBs).
 It aims to smoothen and digitalize the enrolment and claim settlement processes under the
Jan Suraksha Schemes (JSS) for all 43 RRBs.
 Under this initiative, NABARD will integrate all 43 RRBs onto the Jan Suraksha portal to
democratise access to financial protection schemes across remote areas of the country.
 Jan Suraksha portal : It is an initiative undertaken by Department of Financial Services
(DFS), Ministry of Finance (MoF), Government of India (GoI).
 It offers digital enrolment and claim settlements for the Pradhan Mantri Jeevan Jyoti Bima
Yojana (PMJJBY), and the Pradhan Mantri Suraksha Bima Yojana (PMSBY).

25. Which state government has recently (in July 2024) signed MoUs with International
Business Machines Corporation(IBM), Microsoft Corporation, and the National Association of
Software and Service Companies (NASSCOM) to promote the use of Artificial Intelligence (AI)
technologies?
1) Gujarat
2) Kerala
3) Madhya Pradesh
4) Odisha
5) Tamil Nadu
Answer- 1) Gujarat
Explanation:
On 29th June 2024, the Department of Science and Technology (DoST), Government of Gujarat, signed
Memorandum of Understandings (MoUs) with International Business Machines Corporation(IBM),
Microsoft Corporation, and the National Association of Software and Service Companies (NASSCOM)
promote the use of Artificial Intelligence (AI) technologies in Gujarat.
 DoST signed a MoU with IBM to establish and promote an AI Cluster at Gujarat International
Finance Tec-City (GIFT City), in Gandhinagar, Gujarat.
 DoST signed a MoU with Microsoft to establish an AI Center of Excellence (CoE) in GIFT
City.The CoE will focus on key technologies such as: Machine Learning (ML), Cognitive Services
and Bot Services.

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  DoST signed MoU with NASSCOM to enhance AI capabilities in Gujarat.

26. Which bank celebrated its 69th foundation day on 1st July 2024?
1) Canara Bank
2) Yes Bank
3) State Bank of India
4) Bank of Maharashtra
5) Indian Bank
Answer- 3) State Bank of India
Explanation:
On the occasion of its 69th foundation day (1st July 2024), the State Bank of India (SBI) announced
11 new initiatives to enhance the banking experience for its customers and widen the bank’s
accessibility. These initiatives span digital advancements, improved customer services, and
specialized products for different segments.
i.SBI has launched the UPI Tap-and-Pay feature on the BHIM SBI Pay app, which uses Near Field
Communication (NFC) technology for swift and effortless digital payments.Transactions under Rs
500 can be completed without a PIN using Unified Payments Interface (UPI) Lite.
ii.SBI has established 35 new Agricultural Centralized Processing Cells (Agri CPCs) to streamline
agricultural loan processing and mitigate risks.
iii.To better serve its NRI (Non-Resident Indian) clients, SBI’s Chairman Dinesh Kumar Khara
inaugurated its second Global NRI Centre (GNC) in Patiala, Punjab.Click here to read more

27. Which organisation has recently (in July ‘24) signed a long-term local currency loan
agreement with ENGIE Group to construct and operate a 400 MegaWatt (MW) solar
photovoltaic power plant in Surendranagar district in Gujarat?
1) International Finance Corporation
2) Development Bank of Austria
3) New Development Bank
4) Asian Infrastructure Investment Bank
5) Asian Development Bank
Answer- 5) Asian Development Bank
Explanation:
The Asian Development Bank (ADB) has signed a long-term local currency loan agreement with
France-based ENGIE Group, to construct and operate a 400 MegaWatt (MW) solar photovoltaic
power plant in Surendranagar district in Gujarat, India.
 The proposed solar plant will generate an average of 805 GigaWatt-hours (GWh) solar
energy per year over the next 25 years.
 This will help to avoid nearly 6.62 lakh tons of Carbon Dioxide (CO2).
 The estimated budget for the project is Indian Rupee (INR) 14.6 billion (approximately
USD 176 million) and ADB was the mandated lead arranger for the entire loan.
 ADB and Asian Infrastructure Investment Bank (AIIB) will provide financial support of INR
7.3 billion for the project.

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28. Which insurance company has recently (in July 2024) launched an agency transformation
project named ‘Jeevan Samart’ to future-proof its 14 lakh agents workforce to meet evolving
customer needs?
1) Tata AIG General Insurance Company Limited
2) Star Health and Allied Insurance Company Limited
3) Canara HSBC Life Insurance Company Limited
4) Life Insurance Corporation of India
5) Aditya Birla Sun Life Insurance
Answer- 4) Life Insurance Corporation of India
Explanation:
The Life Insurance Corporation of India (LIC) launched ‘Jeevan Samarth‘, an agency transformation
project, to future-proof its 14 lakhs (1.4 million) agents workforce to meet evolving customer needs.
 LIC has partnered A. T. Kearney, with global strategy consulting firm, to undertake the
transformation project by reviewing the LIC’s existing agency framework.
 The project entails revamping agency operations at Branch, Division, and Zonal levels and
establishing global best practices amidst the changing insurance industry and regulatory
landscapes in India.

29. Name the insurance company that has recently (in July 2024) launched the Artificial
Intelligence (AI)-powered health insurance product 'Elevate'.
1) ICICI Lombard General Insurance Company Limited
2) TATA AIG General Insurance Company Limited
3) Life Insurance Corporation of India
4) FutureGenerali India Life Insurance Company Limited
5) Bajaj Allianz Life Insurance Company Limited
Answer- 1) ICICI Lombard General Insurance Company Limited
Explanation:
ICICI Lombard General Insurance Company Limited launched ‘Elevate’, a first-of-its-kind
revolutionary health insurance product powered by Artificial intelligence (AI).
 This aims to provide customized solutions for diverse healthcare needs.
 Infinite Sum Insured – addresses the concern of limited coverage and sum insured and
ensures that policyholders gets access to infinite coverage.
 Infinite Claim Amount – offers comprehensive financial protection with an infinite claim
amount for one-time claims during the policy lifetime.

30. Which company has recently (in July ‘24) renamed as Sammaan Capital Limited following
the receipt of a Certificate of Registration (CoR) as a Non-Banking Financial Company (NBFC)-
Investment and Credit Company(ICC) from the Reserve Bank of India(RBI)?
1) Northern Arc Capital Limited
2) Indiabulls Housing Finance Limited
3) Epifi Technologies Private Limited
4) Poonawalla Fincorp Limited
5) IIFL Housing Finance Limited
Answer- 2) Indiabulls Housing Finance Limited

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Explanation:
On 3rd July 2024, Mumbai (Maharashtra) based Indiabulls Housing Finance Limited was renamed
as “Sammaan Capital Limited” following the receipt of ‘A Certificate of Incorporation’ issued by the
Registrar of Companies (RoC), and Certificate of Registration (CoR) as a Non-Banking Financial
Company (NBFC)- Investment and Credit Company(ICC) from the Reserve Bank of India(RBI).
 The name change follows the company’s transformation from being a promoter-led and
promoter-driven lender into a board-run and diversely-held financial institution.

31. In June 2024, the Reserve Bank of India(RBI) imposed a monetary penalty of Rs 1.31 crore
on __________ for non-compliance with its directions on ‘Loans and Advances’ and ‘KYC’.
1) State Bank of India
2) Bank of Maharashtra
3) Canara Bank
4) Punjab National Bank
5) Federal Bank
Answer- 4) Punjab National Bank
Explanation:
On 5th July 2024, the Reserve Bank of India (RBI) announced that it has penalized 5 banks, including
Punjab National Bank (PNB), in the circular issued in the 1st week of July for non-compliance with
various RBI directions.
 Before PNB, 4 other banks which were penalized by RBI: Gujarat Rajya Karmachari Co-
operative Bank, Ahmedabad (Gujarat), Rohika Central Co-operative Bank, Madhubani
(Bihar); National Co-operative Bank, Mumbai (Maharashtra); and Bank Employees’ Co-
operative Bank, Kolkata (West Bengal).
i.RBI in exercise of powers given under the provisions of section 47 A (1) (c) read with sections 46 (4)
(i) and section 51 (1) of the Banking Regulation Act, 1949 has imposed a monetary penalty of Rs 1.31
crore on PNB. Thus, PNB became the 5th bank to be penalized.
ii.The RBI imposed a monetary penalty of Rs 10,000 on YES Bank for not exchanging mutilated notes.
iii.The RBI also announced that it has cancelled the licence of Maddur (Karnataka)-based Shimsha
Sahakara Bank Niyamitha due to its worsening financial position.Click here to read more

32. Which bank licence was recently (in July ‘24) cancelled by the Reserve Bank of India (RBI)
over inadequate capital and earnings prospects?
1) Abhyudaya Cooperative Bank Limited
2) Rohika Central Co-operative Bank Limited
3) Hiriyur Urban Co-operative Bank Limited
4) Nashik Zilla Girna Sahakari Bank Limited
5) Banaras Merchantile Co-operative Bank Limited
Answer- 5) Banaras Merchantile Co-operative Bank Limited
Explanation:
The Reserve Bank of India (RBI) cancelled the licence of Banaras Merchantile Co-operative Bank
Limited, Varanasi, Uttar Pradesh (UP) over inadequate capital and earnings prospects.
i.The bank ceases to carry on banking business which includes, among other things, accepting
deposits and repaying deposits, with effect from July 04, 2024.

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ii.The Commissioner for Cooperation and Registrar of Cooperative Societies (RCS), UP has also been
requested to issue an order for winding up the bank and appoint a liquidator.

33. Name the new health and income protection plan that was recently (in july ‘24)launched by
Paytm for its merchant partners.
1) KarmaLife
2) S.A.R.A.H
3) Health Saathi
4) Vantara
5) SmartLock
Answer- 3) Health Saathi
Explanation:
Noida (Uttar Pradesh)-based fintech company Paytm, owned by One97 Communications Limited
(OCL), has launched ‘Paytm Health Saathi’, a health and income protection plan for merchant
partners, available on the ‘Paytm for Business’ app, starting at Rs 35 per month.
 ‘Paytm Health Saathi’ aims to safeguard the well-being of Paytm’s merchant partners by
providing affordable, comprehensive healthcare benefits, ensuring their health and business
continuity.
 Healthcare Services include unlimited doctor teleconsultation and in-person doctor visits
(Outpatient Department (OPD)) within its partner network.

34. Which organisation has recently (in July ‘24) increased its state in IDFC First Bank Limited
from 0.20% to 2.68% of the paid-up capital?
1) SBI Mutual Fund
2) Tata Sons
3) IndusInd International Holdings
4) Life Insurance Corporation of India
5) Adani Group
Answer- 4) Life Insurance Corporation of India
Explanation:
The Life Insurance Corporation of India (LIC), India’s largest insurance company, has increased its
stake in IDFC First Bank Limited from 0.20% to 2.68% of the paid-up capital.
 In terms of number of shares, the holding has increased from a little more than 1.42 crore to
over 20.02 crore.
 LIC acquired 18,60,34,900 shares in the IDFC First Bank at an average price of Rs 80.63
apiece in a private placement offer. The overall acquisition cost is Rs 1,500 Crore.

35. Which organisation has recently (in July 2024) partnered with the State Bank of India (SBI)
for a 'Grow with the Trees' plantation drive at its headquarters in Srinagar, Jammu and
Kashmir (J&K)?
1) Central Reserve Police Force
2) Army Medical Corps
3) Central Industrial Security Force
4) Border Roads Organisation
5) Border Security Force

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Answer- 5) Border Security Force
Explanation:
On July 6, 2024, the Border Security Force (BSF) and the State Bank of India (SBI) have partnered
for a ‘Grow with the Trees’ plantation drive at the BSF Headquarters in Srinagar, Jammu and
Kashmir (J&K).
 This aims to increase campus greenery and mitigate global warming’s effects.
 The drive was attended by Commanding Officer Rajive Barduwaj, SBI Branch Manager
(BM) Nishan Sinhi along with officials from BSF, SBI, and with schoolchildren from
Kendriya Vidyalaya.

36. Who has been recently (in July ‘24) appointed as the Interim Managing Director (MD) and
Chief Executive Officer (CEO) of the Bandhan Bank Limited?
1) Jaideep Hansraj
2) Lakshmi Kanth Rao
3) Ratan Kumar Kesh
4) Hitesh Kumar Sethia
5) Nitin Agarwal
Answer- 3) Ratan Kumar Kesh
Explanation:
On July 6, 2024, The Board of the Bandhan Bank Limited approved the appointment of Ratan
Kumar Kesh as its Interim Managing Director (MD) and Chief Executive Officer (CEO), with effect
from 10th July 2024 for three months or until an appointment of regular MD and CEO, whichever is
earlier.
 He is currently serving as the Executive Director (ED) and Chief Operating Officer (COO) of
Bandhan Bank (since March 2023).
 He is set to succeed Chandra Shekhar Ghosh, the founder and incumbent MD & CEO of the
Bandhan Bank who is set to retire on 9th July 2024.

37. According to the National Council of Applied Economic Research (NCAER) report in July
2024, Poverty in India is estimated to have declined to __________ (%) in 2022-24 from 21.2% in
2011-12
1) 8.5%
2) 15.9%
3) 19.0%
4) 11.7%
5) 7.4 %
Answer- 1) 8.5%
Explanation:
According to the National Council of Applied Economic Research (NCAER), Poverty in India is
estimated to have declined to 8.5 per cent in 2022-24 from 21.2 percent in 2011-12, despite the
challenges posed by the pandemic.
 The paper titled 'Rethinking Social Safety Nets in a Changing Society', authored by Sonalde
Desai of NCAER, used data from the newly completed Wave 3 of the India Human Development
Survey (IHDS) as well as data from Waves 1 and 2 of the IHDS.

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  According to the IHDS findings, poverty declined significantly between 2004-2005 and 2011-
12 (from a headcount ratio of 38.6 to 21.2), and it continued to decline between 2011-12 and
2022-24 (from 21.2 to 8.5) despite the challenges posed by the pandemic.

38. According to the Reserve Bank of India’s (RBI’s) Measuring Productivity at the Industry
Level-India KLEMS database, India’s employment rate provisionally grew at ______ in FY24 from
a growth of 3.2% in FY23 (2022–23).
1) 8%
2) 7%
3) 6%
4) 10%
5) 5%
Answer- 3) 6%
Explanation:
On 8th July 2024, the Reserve Bank of India (RBI) released Measuring Productivity at the Industry
Level- The India KLEMS (Capital (K), Labour (L), Energy (E), Material (M) and Services (S))
Database. As per RBI’s data, India’s employment rate provisionally grew at 6% in the fiscal year ended
on 31st March, 2024 from a growth of 3.2% in FY23 (2022-23).
 RBI data showed that employment in the country increased by 4.67 crore (46.7 million) to
64.33 crore (provisional) in FY24 (2023-24) from 59.67 crore in FY23. This number is
much higher than the estimates by private surveys that point out the country’s high
unemployment rate.
 RBI’s KLEMS database highlighted that the total number of employed people as a ratio of
the total population has increased from 34.7% in FY18 (2018-19) to 44.2% in FY24.
 As per RBI database, the employment in sectors like: agriculture, hunting, forestry and
fishing increased from 24.82 crore in FY22 to 25.3 crore in FY23.

39. EXIM Bank has recently (in July ‘24) signed an agreement with _______________to provide an
India-supported Line of Credit (LoC) of USD 2.50 million.
1) Mauritius
2) Zimbabwe
3) Guyana
4) Nepal
5) Bhutan
Answer- 3) Guyana
Explanation:
The Export-Import Bank of India (EXIM Bank) signed an agreement with the Government of Guyana
to provide India-supported Line of Credit (LoC) of USD 2.50 million for installing a solar
photovoltaic(PV) power plant at Cheddi Jagan International Airport (CJIA) in Timehri, Guyana.
 The agreement under the LoC was signed on 29th February 2024 and effective from 24th
June 2024.
 This agreement aligns with Guyana’s efforts to transition from fossil fuels to renewable
energy, aiming to reduce carbon emissions and promote sustainable energy solutions.

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40. Which insurance company has recently (in July 2024) signed a corporate agency agreement
with Himachal Pradesh State Cooperative Bank (HPSCB) to improve access to health insurance
in Himachal Pradesh?
1) Future Generali India Life Insurance Company Limited
2) TATA AIG General Insurance Company Limited
3) ICICI Prudential Life Insurance Company Limited
4) Star Health and Allied Insurance Company Limited
5) Aditya Birla Health Insurance Company Limited
Answer- 4) Star Health and Allied Insurance Company Limited
Explanation:
On July 8, 2024, Star Health and Allied Insurance Company Limited (Star Health Insurance) signed
a strategic corporate agency agreement with Himachal Pradesh State Cooperative Bank (HPSCB)
to improve access to health insurance penetration, particularly in rural areas of Himachal Pradesh
(HP) where the bank has a significant presence.
 Through this partnership, HPSCB customers can access health insurance products within their
bank, enhancing convenience.
 The partnership focusing on rural and Tier 3 regions, is in line with the Insurance Regulatory
and Development Authority of India (IRDAI)’s goal of ‘Insurance for all by 2047‘

41. Which company has recently (in July ‘24) launched India’s 1st tourism index fund?
1) Groww Mutual Fund
2) Tata Asset Management Private Limited
3) SBI Mutual Fund
4) Motilal Oswal Financial Services Limited
5) ICICI Prudential Mutual Fund
Answer- 2) Tata Asset Management Private Limited
Explanation:
On 8th July 2024, Tata Asset Management Private Limited (TAMPL) launched India’s 1st tourism
index fund, Tata Nifty India Tourism Index Fund. The New Fund Offer (NFO) for the scheme will be
open for subscription on 8th July, 2024 till 19th July, 2024.
 The scheme will reopen for continuous sale and repurchase on or before 29th July, 2024.
This is the first domestic fund focused on the tourism theme.
 The fund will be managed by Kapil Menon, a Fund Manager-Equities at Tata Asset
Management Private Limited.
 It is an open-ended index fund which will monitor the Nifty India Tourism Index, which
consists 17 companies (as of 21st June, 2024) operational in the tourism sector, with a
maximum stock level capping limit of 20% in the index.

42. Who has been recently (in July ‘24) appointed as the Managing Director(MD) and Chief
Executive Officer (CEO) of Utkarsh Small Finance Bank Limited (USFBL)?
1) Sanjeev Nautiyal
2) Sanjaya Kumar Mishra
3) Matam Venkata Rao
4) Govind Singh
5) Sanjay Agarwal

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Answer- 4) Govind Singh
Explanation:
On July 8 2024, The Reserve Bank of India (RBI) approved the reappointment of Govind Singh as
Managing Director(MD) and Chief Executive Officer (CEO) of Utkarsh Small Finance Bank Limited
(USFBL) for a period of three years with effect from September 21 2024.
 His current term is set to end on 20th September 2024.

43. Which bank has recently (in July ‘24) introduced a new security mechanism ‘Safety Ring’
within its Internet Banking System (IBS) and Mobile Banking System (MBS)?
1) IndusInd Bank
2) Bank of Baroda
3) Axis Bank
4) Punjab National Bank
5) HDFC Bank
Answer- 4) Punjab National Bank
Explanation:
Punjab National Bank (PNB), India’s leading Public Sector Bank (PSB) has introduced a new security
mechanism ‘Safety Ring’ within its Internet Banking System (IBS) and Mobile Banking System
(MBS) in response to the increasing number of cyber frauds.
i.Safety Ring is an optional mechanism which allows customers to set daily transaction limitations
with respect to Term Deposits (TDs) on online closure or availing overdraft facility on TDs up to the
stated limit amount.
ii.It provides an additional security to reduce losses from the unauthorised access
iii.The customers can set the Safety Ring limit via branches or online using IBS/MBS.

44. Name the mutual fund that has recently (in July ‘24) launched India's First Oil & Gas
Exchange-Traded Fund (ETF).
1) Mirae Asset Mutual Fund
2) ICICI Prudential Mutual Fund
3) SBI Mutual Fund
4) Tata Mutual Fund
5) HDFC Mutual Fund
Answer- 2) ICICI Prudential Mutual Fund
Explanation:
ICICI Prudential Mutual Fund (MF) has introduced India’s first Exchange-Traded Fund (ETF)
focused on the oil and gas sector, named the ICICI Prudential Nifty Oil & Gas ETF. This open-ended
ETF will tracks the Nifty Oil & Gas Total Return Index (TRI) Index, which reflect the performance of
companies within the sector.
 The public subscription for this scheme began July 8, 2024, and will close on July 18,
2024. Following this period, the scheme will re-open for continuous sale and repurchase
within five days from the date of allotment.
 It should be noted that the scheme carries a very high risk rating, and there is no assurance
or guarantee that the scheme’s investment objective will be achieved.

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45. Which bank has recently (in July ‘24) entered into a Bancassurance partnership with Bajaj
Allianz Life Insurance Company Limited?
1) Jana Small Finance Bank
2) Federal Bank
3) ESAF Small Finance Bank
4) YES Bank
5) RBL Bank
Answer- 2) Federal Bank
Explanation:
On 8th July 2024, Federal Bank Limited, a leading private sector bank in India announced that it has
entered into a strategic Bancassurance partnership with Bajaj Allianz Life Insurance Company
Limited, a private life insurer.
 This strategic partnership will enable the customers of Federal Bank to easily access the
wide range of value-packed, customized life insurance products from Bajaj Allianz across
the Bank’s extensive network in India.
 Aim: To give boost to the combined strengths of Bajaj Allianz Life Insurance and Federal
Bank and is in complete alignment with both the companies’ strategic targets and growth
plans. It will further promote insurance penetration and market expansion.

46. In July 2024, the Reserve Bank of India (RBI) cancelled the Certificate of Registration (CoR)
of ______________ due to irregular lending practices.
1) Piramal Enterprises Limited
2) DMI Finance Private Limited
3) Epifi Technologies Private Limited
4) Northern Arc Capital Limited
5) Star Finserv India Limited
Answer- 5) Star Finserv India Limited
Explanation:
The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 2 Non-Banking
Financial Companies (NBFCs) namely Star Finserv India Limited in Hyderabad (Telangana), and
Polytex India Ltd in Mumbai (Maharashtra), due to irregular lending practices.
 As a result, both NBFCs are no longer allowed to transact the business of a Non-Banking
Financial Institution (NBFI), as defined in the RBI Act, 1934.
 Star Finserv India and Polytex India were offering the services under financial technology
firm ’Progcap’ and mobile application ‘Z2P’ respectively.

47. Name the insurance company that has recently (in July ‘24) launched its Golden Years
Pension Plan to provide financial stability during retirement.
1) IndiaFirst Life Insurance Company
2) Life Insurance Corporation of India
3) Ageas Federal Life Insurance
4) ICICI Lombard General Insurance Company
5) Kotak Mahindra Life Insurance
Answer- 3) Ageas Federal Life Insurance

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Explanation:
Ageas Federal Life Insurance, a leading private insurer in India, introduced the ‘Ageas Federal Life
Insurance Golden Years Pension Plan’, a comprehensive retirement solution designed to secure a
financial future during retirement years. It is a Unit Linked Individual Pension Plan (ULIP), where
returns depend on the performance of the Blue Chip Pension Fund.
 It is structured as a non-participating plan, shielding policyholders from losses exceeding their
invested amount.
 Blue Chip Pension Fund invests in listed equities and aims to generate high returns in
established and emerging blue-chip stocks that have a good track record.

48. In July 2024, the Global Rating Agency, Moody kept India’s economic growth forecast
unchanged at ________ for 2024.
1) 6.8%
2) 6.6%
3) 6.7%
4) 7.1%
5) 7.4%
Answer- 1) 6.8%
Explanation:
Global Rating Agency, Moody has announced that it has kept India’s economic growth forecast
unchanged at 6.8% for 2024. It projected that Indian economy to grow at 6.5% for 2025.
Note: In March 2024, Moody’s released a report “Global Macro Outlook 2024” and has revised
India’s GDP from 6.1% to 6.8%.
i.Moody’s predicts that inflation in India will decrease to 5.2% in 2024 and 4.8% in 2025 from 5.7%
in 2023.
ii.According to Moody’s Rating, increasing domestic and international demand boosts the Gross
Domestic Product (GDP) growth in Emerging Markets (EMs).
iii.So, it has revised its aggregate EM forecast to 3.9% for 2024 and 2025, to show the faster-than-
expected growth in some of the largest EM economies in 1st half of 2024.

49. Which company, in partnership with the Small Industries Development Bank of India
(SIDBI), recently(in July ‘24) launched over 140 electric cars for a ride-hailing service in Delhi
under the 'Mission 50K-EV4ECO’ scheme?
1) Ola Electric
2) Malbork
3) BluSmart
4) Eprakriti
5) MyEvPlus
Answer- 3) BluSmart
Explanation:
The Small Industries Development Bank of India (SIDBI) and BluSmart have launched over 140
electric cars for ride-hailing service in Delhi under the 'Mission 50K-EV4ECO’ scheme.
 This initiative, attended by representatives from the Indian government and other agencies,
aims to enhance electric vehicle adoption in Delhi, support the progressive Delhi EV Policy,
and address air pollution.

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50.According to the recently (in July ‘24) released State Bank of India (SBI)’s Economic
Research Department (ERD) report, India generated ________ jobs between FY14 (2013-14) and
FY23 (2022-23).
1) 125 million
2) 135 million
3) 170 million
4) 181 million
5) 166 million
Answer- 1) 125 million
Explanation:
According to the State Bank of India (SBI)’s Economic Research Department (ERD) based on the
Reserve Bank of India(RBI) data, India generated 125 million jobs between FY14 (2013-14) and
FY23 (2022-23) against 29 million jobs generated between FY04 and FY14.
i.So, jobs created during FY14-23 are 4.3 times more than the preceding decadal period of FY04-
FY14.
ii.Excluding agriculture, the total jobs generated in the manufacturing and services sector increased
by 33%, from 66 million jobs during FY04-FY14 to 89 million during FY14-23.
iii.The report highlighted that as of 4th July 2024, nearly 47 million MSMEs registered on Udyam
portal, reported 202 million jobs which include 23.2 million jobs by Goods and Services Tax (GST)-
exempted informal micro enterprises, saw an increase of 66% from 121 million jobs in July, 2023.
 The RBI report underscored that the country added 4.7 million jobs in FY24 which is more
than double of what it added in FY23 and the highest figure in 4 decades.

51.According to the Reserve Bank of India’s (RBI) recent(in July ‘24) report, Financial
Inclusion Index (FI-Index) increased to __________in FY24 (in March 2024) from 60.1 in FY23 (in
March 2023).
1) 47.0
2) 64.2
3) 28
4) 27
5) 50.1
Answer- 2) 64.2
Explanation:
On 9th July 2024, the Reserve Bank of India (RBI) released its Financial Inclusion Index (FI-Index)
which increased to 64.2 in FY24 (in March 2024) from 60.1 in FY23 (in March 2023).
 FI-Index captures the extent of financial inclusion across the country.
 The improvement in FI-Index is mainly driven by the ‘Usage’ parameter which reflects the
deepening of financial inclusion across the country.
 It captures information on various factors of financial inclusion in a single value which ranges
from 0 to 100.
 The index comprises 3 main parameters with variant weightage: Access (35%), Usage (45%),
and Quality (20%).

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52.Which bank has recently(in July 2024) entered into a comprehensive partnership
agreement with Mistral AI, covering all its current and future commercial models?
1) European Investment Bank
2) BNP Paribas
3) Hongkong and Shanghai Banking Corporation Limited
4) Citigroup Inc.
5) Asian Development Bank
Answer- 2) BNP Paribas
Explanation:
BNP Paribas, the European Union(EU)’s leading bank , has signed a multi-year partnership
agreement with Mistral AI, a Paris(France) based Artificial Intelligence (AI) startup, to provide
access to all current and future commercial models of Mistral AI across all the business lines of BNP
Paribas.
 Under this partnership, BNP Paribas will implement Mistral AI’s Large Language Models
(LLM) across business areas like customer support, sales and Information Technology (IT).

53.______________, the Finance Minister and Deputy Chief Minister of Rajasthan presented the
Budget for 2024-25.
1) Diya Kumari
2) Samrat Chaudhary
3) Himanta Biswa Sarma
4) Prem Singh Tamang
5) Shobha Karandlaje
Answer- 1) Diya Kumari
Explanation:
On July 10, 2024, Diya Kumari, Finance Minister and Deputy Chief Minister (Dy CM) of Rajasthan,
presented the Rajasthan State Annual Budget for financial year 2024-25 (FY25) during the State
Legislative Assembly Session, in Jaipur, Rajasthan.
 It aims to transform Rajasthan into a USD 350 billion economy as part of the action plan for
‘Developed Rajasthan @ 2047’. Click here to read more.

54.How many member nations are there in the Financial Task Force (FATF)?
1) 39
2) 45
3) 58
4) 10
5) 25
Answer- 1) 39
Explanation:
About Financial Task Force (FATF):
It is an intergovernmental organisation established in 1989 and acts as an international watchdog to
combat ML, TF and other related threats to maintain the integrity of the international financial
system. India became its member in 2010.

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President– Elisa de Anda Madrazo (Mexico)
Member nations- 39
Headquarters- Paris, France

55. Which organisation has recently (in July 2024) secured a green loan worth Japanese Yen
(JPY) 31.96 billion from the Deutsche Bank AG?
1) Power Grid Corporation of India Limited
2) Indian Renewable Energy Development Agency
3) National Solar Energy Federation of India
4) REC Limited
5) Energy Efficiency Services Limited
Answer- 4) REC Limited
Explanation:
REC Limited (formerly Rural Electrification Corporation Private Limited) has secured a 5-year green
loan worth Japanese Yen (JPY) 31.96 billion (equivalent to USD 200 million) from Deutsche Bank
AG, Gujarat International Finance Tec-City (GIFT City) branch in Gandhinagar, Gujarat.
 This marks as a significant step towards financing sustainable development in India.
 This strategic investment reaffirms REC’s commitment to foster sustainable growth under
its Green Finance Framework.
 The loan will fund projects that comply with the stringent environment standards,
promote renewable energy adoption, and help to reduce carbon emission across India.

56. NPCI International Payments Limited (NIPL) has recently (in July 2024) signed an
agreement with the _______________to introduce QR (Quick Response) code-based Unified
Payments Interface (UPI) payments across _______________.
1) Central Bank of Sri Lanka; Sri Lanka
2) Central Reserve Bank of Peru; Peru
3) Qatar National Bank ; Qatar
4) Bank of Namibia; Namibia
5) Bank of London, the United Kingdom
Answer- 3) Qatar National Bank (QNB); Qatar
Explanation:
On July 11, 2024, NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of the
National Payments Corporation of India (NPCI), signed an agreement with Doha, Qatar-based Qatar
National Bank (QNB) to introduce QR (Quick Response) code-based Unified Payments Interface
(UPI) payments across Qatar.
 This collaboration aims to make UPI payment acceptance available through QNB’s extensive
merchant network, benefiting Indian travellers in Qatar.
 Indians constitute the second largest group of international visitors to Qatar, after Saudi
Arabia.

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57. In July 2024, the Reserve Bank of India (RBI) expanded ___________ norms for Investment
through GIFT–IFSC (Gujarat International Finance Tec-City- International Financial Services
Centre).
1) Foreign Portfolio Investors
2) Liberalised Remittance Scheme
3) Offshore Funds
4) Ways and Means Advances limit
5) Derivative Trading
Answer- 2) Liberalised Remittance Scheme
Explanation:
On 10th July 2024, the Reserve Bank of India (RBI) issued a circular and has decided to expand the
scope of norms related to remittances to International Financial Services Centres (IFSCs) at Gujarat
International Finance Tec-City (GIFT City) located in Gandhinagar, Gujarat under the Liberalised
Remittance Scheme (LRS).
 It has allowed authorised persons to provide remittances for availing financial services or
products as per the International Financial Services Centres Authority (IFSCA) Act, 2019
within IFSCs.
 RBI issued the new norms under sections 10(4) and 11(1) of the Foreign Exchange
Management Act(FEMA), 1999 (42 of 1999) and are without prejudice to permissions or
approvals, if any required under any other law.

58. Which organisation has recently (in July 2024) signed an MoU with the Punjab National
Bank (PNB) to offer various kinds of loans to its employees at concessional rates?
1) Coal India Limited (CIL)
2) Indian Oil Corporation Limited (IOCL)
3) Steel Authority of India (SAIL)
4) Hindustan Aeronautics Limited (HAL)
5) Gas Authority Of India Limited (GAIL)
Answer- 3) Steel Authority of India (SAIL)
Explanation:
Punjab National Bank (PNB), Indian Public Sector Bank (PSB) has signed a Memorandum of
Understanding (MoU) with Steel Authority of India (SAIL) to offer various kinds of loans such as:
home loan, car loan, and education loan to SAIL’s employees at concessional rates.
 Aim: To enhance the financial-well being of SAIL employees and will help PNB to expand its
customer base within the steel sector.
 This collaboration is expected to not only benefit the employees of SAIL but also expand
PNB’s customer base within the steel sector, further strengthening the bank’s outreach in
the industry.

59. Name the company that has recently (in July ‘24) obtained a sanction of Rs 6200 crore from
the National Bank for Financing Infrastructure and Development (NaBFID).
1) REC Limited
2) Adani Group
3) Larsen & Toubro(L&T) Limited
4) ITC Limited

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5) Greenko Group
Answer- 5) Greenko Group
Explanation:
Greenko Group, one of India’s leading Renewable Energy companies at Hyderabad(Telangana), has
obtained a sanction of Rs 6200 crore from the government-backed National Bank for Financing
Infrastructure and Development (NaBFID).
i.Greenko plans to use these funds to prepay 2 sets of dollar bonds worth over USD 1 billion
maturing in 2025 (January and July) and the disbursements will occur in tranches.
 Greenko plans to borrow from Special Purpose Vehicles (SPVs) to prepay a $500 million
bond maturing in January and another $535 million bond maturing in July 2024.
ii.The loan is structured through a co-obligator system involving 25 companies within Greenko,
enhancing the credit rating to AA locally.

60. Who has been recently (in July 2024) appointed as the Managing Director (MD) and Chief
Executive Officer (CEO) of Paytm Payments Bank Limited (PPBL)?
1) Rakesh Singh
2) Arun Kumar Bansal
3) Hitesh Kumar Sethia
4) Ajith Kumar KK
5) Anubrata Biswas
Answer- 2) Arun Kumar Bansal
Explanation:
Arun Kumar Bansal, former Executive Director (ED) of IDBI Bank Limited has been appointed as the
Managing Director (MD) and Chief Executive Officer (CEO) of Paytm Payments Bank Limited
(PPBL).
 He succeeds Surinder Chawla, who resigned from the position in April 2024 for personal
reasons. Chawla was relieved from PPBL with effect from 26th June 2024.

61. Which company has recently (in July ‘24) received the Reserve Bank of India (RBI)
approval to become a Core Investment Company (CIC)?
1) Jupiter Money
2) Jio Financial Services Limited
3) SabPaisa
4) Infibeam Avenues Limited
5) PayU Payments Private Limited
Answer- 2) Jio Financial Services Limited
Explanation:
The Reserve Bank of India (RBI) approved the conversion of Jio Financial Services Limited (JFSL)
from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC).
 According to the RBI regulations, a CIC is a specialised type of NBFC with an asset size
greater than Rs 100 crore.
 CICs are non-deposit-taking financial companies. As a CIC, Jio Financial will focus on
investments in and management of its subsidiary companies.
 The CIC structure would enable JFSL to delineate the financials and operations of each
subsidiary, providing better value discovery for investors.

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62. Name the company/Bank that has recently (in July ‘24) launched a ‘Savings+’ financial
product for retail investors seeking returns on their idle savings.
1) India Infrastructure Finance Company Ltd
2) State Bank of India
3) Bajaj Finserv Asset Management Limited
4) HDFC Bank
5) Motilal Oswal Asset Management Company Limited
Answer- 3) Bajaj Finserv Asset Management Limited
Explanation:
Bajaj Finserv Asset Management Limited has launched Bajaj Finserv Savings+, a new financial
product for retail investors seeking returns on their idle savings.
i.Aim : To bridge the gap between standard savings accounts and more profitable investing options.
ii.It enables investors to invest in Bajaj Finserv Liquid Fund and Bajaj Finserv Overnight Fund,
which provide competitive returns and liquidity.
iii.The liquid funds returned 7.17% between July 2023 and June 2024, which is greater than the
average savings account interest rate of 3.5% offered by India’s top five banks.

63. Which of the following has recently (in July ‘24) notified the Goods and Services Tax Return
(GSTR)-1A form, allowing taxpayers to amend their outward supply or sales return form?
1) Central Board of Direct Taxes
2) Financial Intelligence Unit
3) Goods and Services Tax Council
4) Central Board of Indirect Taxes and Customs
5) Enforcement Directorate
Answer- 4) Central Board of Indirect Taxes and Customs
Explanation:
On July 10, 2024, The Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance (MoF)
notified the Goods and Services Tax Return (GSTR)-1A form, allowing taxpayers to amend their
outward supply or sales return form.
 In June 2024, The 53rd GST Council recommended a new optional facility in the form of
GSTR-1A, which would allow taxpayers to make amendments to the details in form GSTR-1
for a given tax period and/or submit additional details.
 GSTR-1A must be filed prior to filing a return in GSTR-3B for the appropriate tax period.

64. In July 2024, the Securities and Exchange Board of India (Sebi) revised norms on
investments by passively managed ________________ schemes in the group companies of their
sponsors.
1) Alternative Investment Fund
2) Mutual Fund
3) Foreign Portfolio Investment
4) Index Fund
5) Commodity Fund
Answer- 2) Mutual Fund

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Explanation:
The Securities and Exchange Board of India (SEBI) has introduced new rules impacting investments
by passively managed Mutual Fund(MF) schemes in the group companies of their sponsors.
 Aim: To simplify and ease compliances by MF by streamlining norms related to passive
schemes with respect to exposure to securities of group companies of the sponsor.
 As per SEBI new rules, passive MF, except for equity-oriented Exchange Traded Funds
(ETFs) and index funds, are now restricted from investing more than 25% of their net
assets in listed securities of companies belonging to the sponsor group.
 For equity-oriented ETFs and index funds based on widely tracked and non-bespoke
indices can now invest up to 35% of their Net Asset Value (NAV) in the sponsor’s group
companies only if the investments align with weightage of the constituents of the
underlying index.

65. Which bank/organisation has recently (in July ‘24) launched an agri fund for Start-Ups &
Rural Enterprises (Agri-SURE) to support start-ups and agripreneurs through investments in
sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs)?
1) National Agriculture Infra Financing Facility
2) State Bank of India
3) Asian Development Bank
4) Indian Council of Agricultural Research
5) National Bank for Agriculture and Rural Development
Answer- 5) National Bank for Agriculture and Rural Development
Explanation:
The National Bank for Agriculture and Rural Development (NABARD), India’s apex development
bank, unveiled an agri fund for Start-Ups & Rural Enterprises (Agri-SURE) to support start-ups and
agripreneurs through investments in sector-specific, sector-agnostic, and debt AIFs.
 Rs 750 crore Category-II Alternative Investment Fund (AIF) will be establisehd under
this initiative to promote innovation and sustainability in the agricultural sector of India.
 Fund Manager: NABVENTURES Limited, a wholly-owned subsidiary of NABARD.
 Fund will be set up with an initial corpus of Rs 750 Crore with Rs 250 crores each from
NABARD and MoA&FW, and 250 crores from other institutions.

66. Name the revamped mobile banking application that was recently (in July ‘24) launched by
Kotak Mahindra Bank Limited(KMBL) with an enhanced user interface and new features.
1) Super.Money
2) Kotak811
3) iMobile Pay
4) KBL Mobile
5) KotakMoney
Answer- 2) Kotak811
Explanation:
Kotak Mahindra Bank Limited(KMBL), a leading Indian private sector bank, has revamped its
Kotak811 banking application with enhanced User Interface (UI) and introduced various new
features for secure Unified Payments Interface (UPI) payments, transaction monitoring, among
others.

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  Aim: To transform UPI transactions and other important banking features and will offer
seamless, safe and convenient banking services for millions of customers across the
country.

67. Which of the following has recently (in July 2024) become India’s first Neobank to offer
personal loan solutions through the Open Network for Digital Commerce (ONDC)?
1) Jupiter Money
2) Epifi Technologies Private Limited
3) Revolut India
4) BranchX India Private Limited
5) Fampay Solutions Private Limited
Answer - 4) BranchX India Private Limited
Explanation:
Mumbai (Maharashtra) based BranchX India Private Limited, a leading neobank innovator, has
launched India’s first personal loan solution through the Open Network for Digital Commerce
(ONDC) which marks the significant step towards financial inclusion for India’s 1.4 billion people.
 It mainly focuses on the young professionals, small business owners, and entrepreneurs
who face hurdles in acquiring loans from traditional ways, replaced with a paperless
experience.
 The ONDC framework is an initiative by the Indian government to democratise digital
commerce which forms the backbone of BranchX’s cutting-edge lending solution.

68. Which bank, in collaboration with Banco Bilbao Vizcaya Argentaria (BBVA) Colombia,
recently (in July ‘24) launched the world's first biodiversity bond, with a value of USD 70
million, to combat biodiversity loss?
1) Asian Development Bank
2) International Finance Corporation
3) New Development Bank
4) Japan International Cooperation Agency
5) Asian Infrastructure Investment Bank
Answer- 2) International Finance Corporation
Explanation:
On July 12, 2024, Banco Bilbao Vizcaya Argentaria(BBVA) Colombia and the International Finance
Corporation (IFC) launched the world’s first biodiversity bond which will amount to USD70
million, aiming to combat biodiversity loss. In this regard, the initial tranche of USD15 million was
issued by BBVA Colombia.
 BBVA Colombia is the issuing bank, while IFC acts as the structurer and investor, also
providing advisory support.
 The bond proceeds will fund projects targeting reforestation, forest regeneration, mangrove
conservation, climate-smart agriculture, and wildlife habitat restoration.

69. In July 2024, the Government of India (GoI) released the 1st tranche of _______ to the United
Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).
1) USD 2.6 million
2) USD 1.5 million

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3) USD 2.5 million
4) USD 1 million
5) USD 1.6 million
Answer- 3) USD 2.5 million
Explanation:
On 16 July 2024, the Government of India (GoI) released the 1st tranche of USD 2.5 million to the
United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), one of the
largest United Nations (UN) programs. This payment is part of India’s annual contribution of USD 5
million for 2024-25.
 India has contributed USD 35 million till 2023-24, to UNRWA’s core programs, including
education, healthcare, relief, and social services provided to Palestinian Refugees.
 During the UNRWA Pledging Conference 2024 held in July 2024 in New York, the United
States of America (USA), India committed to providing medicines based on UNRWA’s
specific request.

70. Which bank has recently (in July ‘24) completed Citibank's credit card portfolio migration
to its banking platform?
1) State Bank of India
2) Canara Bank
3) HDFC Bank
4) Bank of Maharashtra
5) Axis Bank
Answer- 5) Axis Bank
Explanation:
On 15 July 2024, Axis Bank officially completed Citibank’s credit card portfolio migration to its
banking platform. This transition includes all credit card relationships and the existing Citibank credit
cards will be mapped to new Axis Bank products.
 As part of the transition, Axis Bank has proactively moved all pre-registered payees and
changed the Indian Financial System Code (IFSC), where possible and updated mobile
numbers.
 The Personal Identification Number (PIN), card number, expiry date, Card Verification Value
(CVV), controls, limits, etc in transactions remain the same.
 Axis Bank acquired Citibank India’s consumer businesses for Rs 11,603 crore in March 2023,
adding 2.4 million Citi customers and Rs 39,900 crore in deposits via this acquisition.

71. According to the International Monetary Fund (IMF) released ‘World Economic Outlook
(WEO) Update in July 2024, India's GDP(Gross Domestic Product) growth is ________ for
FY25(2024-25).
1) 7%
2) 6.6%
3) 7.1%
4) 8%
5) 7.5%
Answer- 1) 7%

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Explanation:
On 16th July 2024, The International Monetary Fund (IMF) released ‘World Economic Outlook
(WEO) Update, July 2024: The Global Economy in a Sticky Spot’. The report has increased India’s
GDP(Gross Domestic Product) growth by 20 basis points(bps), from 6.8% (in April 2024 ) to 7% for
FY25(2024-25).
 IMF retained its India’s GDP projection for FY26 (2025-26) at 6.5%. India’s GDP expanded at
8.2 percent in 2023-24.
 As per the report, the global growth is projected to be in line with April 2024 WEO forecast at
3.2% in 2024 but it has marginally increased the global growth rate by 10 bps to 3.3% in
2025.
 The report cited that growth in India and China will account for almost 50% of global growth
in 2024. Also, growth in major advanced economies is becoming more aligned as output gaps
are closing.Click here to read more

72. In July 2024, the Reserve Bank of India (RBI) authorized banks to utilize the ratings from
_________ for determining risk weights in capital adequacy purposes.
1) India Ratings and Research Private Limited
2) CRISIL Ratings Limited
3) Brickwork Ratings India Private Limited
4) Fitch Ratings
5) Acuite Ratings & Research Limited
Answer- 3) Brickwork Ratings India Private Limited
Explanation:
The Reserve Bank of India (RBI) has authorized banks to utilize the ratings from Brickwork Ratings
India Private Limited (BWR) for determining risk weights in capital adequacy purposes.
 BWR provides credit ratings for various financial instruments including bank loans, Non-
Convertible Debentures (NCDs), commercial paper, bonds, and securitized paper.
 BWR can rate bank loans up to Rs. 250 crore. For existing ratings, BWR is allowed to
conduct rating surveillance regardless of the loan amount until the loan’s residual tenure.
 In April 2024, BWR has appointed Santosh B Nayar as the Chairman of the Board.

73. Which of the following points is/are ‘correct’ with respect to the deposit schemes launched
by the State Bank of India (SBI), Bank of Baroda (BoB) and Bank of Maharashtra (BoM)?
A) BoB launched its special scheme “the bob Monsoon Dhamaka Deposit Scheme” with two
tenor buckets i.e. providing interest rate of 7.25% per annum for 399 days and 7.15% per
annum for 333 days.
B) BoM launched a special scheme with 4 buckets for deposits up to 10 crore.
C) SBI launched a scheme named “Amrit Vrishti” which offers an interest rate of 7.50% per
annum on a deposit of 333 days for general citizens and for senior citizens it offers an interest
rate of 7.75%.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only B
5) All A, B & C

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Answer- 1) Only A & B
Explanation:
Three Indian Public Sector Banks (PSBs), the State Bank of India (SBI), Bank of Baroda (BoB), and
Bank of Maharashtra (BoM) have launched their respective deposit schemes to garner deposits to
fund credit demand.
i.Bank of Baroda (BoB) launched its special scheme “the bob Monsoon Dhamaka Deposit Scheme”
with two tenor buckets i.e. providing interest rate of 7.25% per annum for 399 days and 7.15% per
annum for 333 days. It is applicable for retail deposits less than Rs 3 crore.
ii.Bank of Maharashtra (BoM) launched a special scheme with 4 buckets for deposits up to 10 crore.
iii.The State Bank of India (SBI), India’s largest PSB launched a scheme named “Amrit Vrishti”. The
scheme offers an interest rate of 7.25% per annum on deposit of 444 days for general citizens and for
senior citizens it offers an interest rate of 7.75%.Click here to read more

74. Which bank has recently (in July 2024) approved USD 240.5 million in loans to finance
rooftop solar systems across India?
1) World Bank
2) Asian Development Bank
3) International Finance Corporation
4) Japan International Cooperation Agency
5) Asian Infrastructure Investment Bank
Answer- 2) Asian Development Bank
Explanation:
The Asian Development Bank (ADB) has approved USD 240.5 million in loans to finance rooftop
solar systems across India, assisting the government to expand energy access using renewable
energy. This financing is part of the Multitranche Financing Facility (MFF) Solar Rooftop Investment
Program.
 ADB’s financing will assist in tranches 2 and 3 of the MFF Solar Rooftop Investment
Program, focusing on residential solar rooftop deployments.
 The MFF Solar Rooftop Investment Program was approved by ADB in 2016 and
restructured in 2023.
 ADB’s financing will support the Prime Minister (PM) Surya Ghar program (PM Surya Ghar
Muft Bijli Yojana), to promote the widespread adoption of rooftop solar systems across
India.
 State Bank of India (SBI) and the National Bank for Agriculture and Rural Development
(NABARD) will distribute loans to developers and end-users nationwide to install rooftop
solar systems.

75. According to the National Securities Depository Limited (NSDL) recent (July ‘24) data,
which country secured the 4th spot on the preferred destinations for Foreign Portfolio
Investors (FPIs) routing funds into India?
1) Sweden
2) Switzerland
3) United States of America
4) Norway
5) Ireland

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Answer- 5) Ireland
Explanation:
According to the National Securities Depository Limited (NSDL) data, Ireland with Assets Under
Custody (AUC) of Rs 4.41 trillion registered on 30th June 2024, has replaced Mauritius to secure
4th spot on preferred destinations for Foreign Portfolio Investors (FPIs) routing funds into India.
 While, Mauritius which registered an AUC of Rs 4.39 trillion by the end of June 2024, has
now moved to the 5th position.
 The data noted that Ireland has witnessed an increase of 26% in AUC for FPIs in the 1st half
of the fiscal year 2024, whereas Mauritius saw an increase of 11%.
 Top 3 Most Preferred FPI Countries: As per the data, the United States of America(USA)
which registered AUC of Rs 3,068,188 crore emerged as the most preferred destination
country for FPI, followed by Singapore (AUC of Rs 7.05 trillion) and Luxembourg ( AUC of Rs
5.57 trillion) ranked at 2nd and 3rd spot respectively.

76. According to the recently(July 2024) released Asian Development Bank’s (ADB’s ) ‘Asian
Development Outlook (ADO)’, India’s projected Gross Domestic Product (GDP) at ____ for the
Fiscal Year 2024-2025(FY 25).
1) 8%
2) 6.9%
3) 7%
4) 7.2%
5) 6.6%
Answer- 3) 7%
Explanation:
On July 17, 2024, the Asian Development Bank (ADB) released its ‘ Asian Development Outlook (ADO)
– July 2024‘ maintaining the Gross Domestic Product (GDP) forecast for the Indian economy at 7% for
the Fiscal Year 2024-2025(FY 25).
 For FY26, ADB projects Indian economy growth at 7.2%.
 Inflation is expected to decline to 4.6% in FY25 and 4.5% in FY26.
 On the regional front of South Asia, the GDP growth in FY25 will be at 6.3% and for FY26 it
is slightly declined to 6.5% from 6.6% projected in April 2024 ADO.

77. In June 2024, the Goods and Services Tax (GST) Council informed that a uniform rate of
__________ Integrated Goods and Services Tax (IGST) will be implemented for imports of all
‘Parts, components, testing equipment, tools and toolkits of aircraft.
1) 12%
2) 18%
3) 5%
4) 28%
5) 0%
Answer- 3) 5%
Explanation:
The 53rd Goods and Services Tax (GST) Council meeting headed by Union Minister Nirmala
Sitharaman, Ministry of Finance (MoF) and Ministry of Corporate Affairs(MoCA) was held on 22nd
June 2024 in New Delhi, Delhi.

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  In the exercise of the powers conferred by section 164 of the Central Goods and Services
Tax (CGST) Act, 2017 (12 of 2017), the Government of India (GoI) amended the CGST Rules,
2017 which will now be called CGST (fifth amendment) Rules, 2024.
i.The GST council informed that a uniform rate of 5% Integrated Goods and Services Tax (IGST) will
be implemented for imports of all ‘Parts, components, testing equipment, tools and toolkits of
aircraft.
ii.The council has recommended rolling out biometric-based Aadhaar authentication on an all-
India basis in a phased manner. Click here to read more

78. Which organisation was recently (in July ‘24) recognised by SEBI to act as a supervisory
body for Research Analyst Administration and Supervisory Body (RAASB) and Investment
Adviser Administration and Supervisory Body (IAASB) for a 5-year period?
1) International Financial Services Centres Authority
2) BSE Limited
3) National Payments Corporation of India
4) Competition Commission of India
5) National Stock Exchange of India Limited
Answer- 2) BSE Limited
Explanation:
The Securities and Exchange Board of India (SEBI) has recognized BSE Limited (formerly Bombay
Stock Exchange) as a supervisory body for Research Analyst Administration and Supervisory Body
(RAASB) and Investment Adviser Administration and Supervisory Body (IAASB) to oversee their
management and administration for a period of 5 years w.e.f. July 25, 2024.
 This recognition has been under regulation 14 of the SEBI ( Research Analyst (RA))
Regulations, 2014 and SEBI (Investment Adviser (IA)) Regulations, 2013.
 This information is provided by SEBI in exercise of powers conferred under Section 11(1)
of the SEBI Act, 1992 read with regulation 14 of RA Regulations and IA Regulations.
 BSE will develop Bye-Laws, Standard Operating Procedures (SOPs), And Frequently Asked
Questions (FAQs) to assist RAs and IAs in smoothly adopting the frameworks established by
the RAASB and the IAASB.

79. Which company has recently (in July ‘24) received the National Payments Corporation of
India (NPCI) certification to operate as a UPI-based payment infrastructure provider for banks
and fintech companies?
1) Perfios
2) CCAvenue
3) TechFini
4) Onionlife
5) Cred
Answer- 3) TechFini
Explanation:
Mumbai (Maharashtra)-based Fintech Startup TechFini has received the certification from the
National Payments Corporation of India (NPCI) to operate as a Unified Payments Interface (UPI)-
based payment infrastructure provider for banks and fintech companies.

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  The NPCI certifications validate TechFini’s commitment to innovation in payments
technology and serve as a source of authentication to its customers and partners striving to
access secure, reliable, and trustworthy solutions.
 It enables the startup to operate as an UPI Issuer 2.0, UPI Acquirer 2.0, Issuer of Credit
Line on UPI, Acquirer of Credit Line on UPI, and Enabler of RuPay Credit Card and Recurring
Mandate on UPI.
 It has also been certified for UPI Unified Dispute and Issue Resolution (UDIR) which makes
the startup one of the platforms to serve as a game-changer in addressing the complexity of
dispute resolution.

80. Which bank has recently (in July ‘24) entered into a bancassurance agreement with the Life
Insurance Corporation of India (LIC)?
1) Karnataka Bank
2) Bank of India
3) Canara Bank
4) Bank of Baroda
5) IDFC First Bank
Answer- 5) IDFC First Bank
Explanation:
The Life Insurance Corporation of India (LIC) has partnered with IDFC First Bank Limited, under
Corporate Agency Arrangement to enhance bancassurance and to provide life insurance coverage to
all by 2047.
 It will benefit more than 1 crore IDFC First Bank customers, who will now be able to
purchase LIC policies through the bank.
 The agreement will offer IDFC First Bank’s digitally savvy customers a diverse range of
attractive LIC insurance products.

81. According to the recently (in July ‘24) released Federation of Indian Chambers of
Commerce & Industry’s (FICCI) Economic Outlook Survey, India’s projected annual median
Gross Domestic Product (GDP) growth is _______ for the fiscal year 2024–25 (FY25).
1) 6.6%
2) 7%
3) 6.7%
4) 8%
5) 7.2%
Answer- 2) 7%
Explanation:
The Federation of Indian Chambers of Commerce & Industry (FICCI)’s Economic Outlook Survey
released in July 2024 has projected a 7% annual median Gross Domestic Product (GDP) growth for
India in the fiscal year 2024-25(FY25). This forecast presents a growth estimate range from 6.6% to
7.5%.
 The median GDP growth is estimated at 6.8% in first quarter (Q1) (April-June) FY25 and
7.2% in second quarter (Q2) (July-September) of FY25.

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  The median forecast for Consumer Price Index (CPI) based inflation has been put at 4.5 per
cent for 2023-24, with a minimum and maximum range of 4.4 per cent and 5.0 per cent
respectively.
 The survey forecasts exports to reach USD 455 billion and imports to hit USD 725.0 billion
for 2024-25.

82. According to which ministry’s data, the annual inflation rate based on the all-India
Wholesale Price Index (WPI) stands at 3.36% (Provisional) for June 2024 (over June 2023).
1) Ministry of Finance
2) Ministry of Micro, Small and Medium Enterprises
3) Ministry of Labour and Employment
4) Ministry of Commerce and Industry
5) Ministry of Statistics and Programme Implementation
Answer- 4) Ministry of Commerce and Industry
Explanation:
According to the data released by the Ministry of Commerce and Industry(MoCI), the annual inflation
rate based on the all-India Wholesale Price Index (WPI) stands at 3.36% (Provisional) for June
2024 (over June 2023). The positive inflation rate is primarily due to increases in prices of food
articles, crude petroleum, natural gas, mineral oils, other manufacturing sectors, etc.
 This marks the 3rd consecutive month of significant sequential increases. The WPI for
June 2024 was compiled at a weighted response rate of 87.8%.
 The WPI Food Index increased to 190.3 in June 2024 from 185.7 in May 2024 and the
annual rate of inflation (year-over-year (y-o-y)) rose to 8.68% from 7.40%.

83. Which bank has recently (in July ‘24) received the nod from the RBI for the re-appointment
of Kadambelil Paul Thomas as Managing Director (MD) and Chief Executive Officer (CEO) of the
bank for the next 3 years?
1) Dhanlaxmi Bank
2) IDFC First Bank
3) ESAF Small Finance Bank
4) HDFC Bank
5) Ujjivan Small Finance Bank
Answer- 3) ESAF Small Finance Bank
Explanation:
On 17th July 2024, ESAF Small Finance Bank(ESAF SFB) announced that it has received the approval
from the Reserve Bank of India (RBI) for the re-appointment of Kadambelil Paul Thomas as
Managing Director (MD) and Chief Executive Officer (CEO) of the bank for next 3 years.
 This final approval was communicated through RBI’s letter dated on 16th May 2024, which
was granted under the Banking Regulation Act, 1949.
 In June 2024, K. Paul Thomas was elected the chairman of the Board of Sa-Dhan, the
association of microfinance and impact finance institutions

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84. In July 2024, the Reserve Bank of India (RBI) established a committee headed by _________ to
review the fee structure for White-Label ATMs (WLAs).
1) Usha Thorat
2) Sunil Mehta
3) Bimal Jalan
4) SK Mohanty
5) Madhabi Puri Buch
Answer- 2) Sunil Mehta
Explanation:
The Reserve Bank of India (RBI) has established a committee headed by Sunil Mehta, Chief
Executive Officer (CEO) of the Indian Banks’ Association (IBA) to review the fee structure for White-
Label ATMs (WLAs).
 Aim: To recommend a fair and sustainable model that balances all stakeholders’ interests
and will evaluate current policies and practices.
 The committee will assess fee structure, existing Automated Teller Machine (ATM)
infrastructure, and international best practices and will submit its report to T Rabi Sankar,
Deputy Governor, RBI.
 WLAs are ATMs set up, owned, and operated by non-banks. The non-bank ATM operators
are authorised under the Payment & Settlement Systems Act, 2007 by the RBI.

85. Which company has recently (in July ‘24) entered into a co-lending partnership with the
Central Bank of India (CBI) to offer Micro, Small, and Medium Enterprises (MSME) loans?
1) Muthoot Microfin Limited
2) Northern Arc Capital Limited
3) Poonawalla Fincorp Limited
4) Arka Fincap Limited
5) Piramal Finance Limited
Answer- 4) Arka Fincap Limited
Explanation:
Arka Fincap Limited, a Non-Banking Financial Company (NBFC) and a step-down subsidiary of
Kirloskar Oil Engines Limited (KOEL), and the Central Bank of India (CBI), entered into a strategic
co-lending partnership to offer Micro, Small, and Medium Enterprises (MSME) loans at competitive
rates, expanding their reach across India.
 Under the arrangement, Arka Fincap will originate and process loan proposals for the
MSME sector based on the jointly formulated credit parameters and eligibility criteria.

86. In July 2024, the Indian Renewable Energy Development Agency Limited (IREDA)
announced an investment of Rs. 290 Crore in a 900 MegaWatt (MW) Hydroelectric Power
Project (HPP) in _________________.
1) Iran
2) Nepal
3) Ghana
4) Cambodia
5) Mauritius
Answer- 2) Nepal

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Explanation:
The Indian Renewable Energy Development Agency Limited (IREDA), announced an investment of
Rs. 290 Crore in a 900 MegaWatt (MW) Hydroelectric Power Project (HPP) in Nepal.
 With this investment IREDA will secure up to a 10% shareholding in GMR Upper Karnali
Hydro Power Limited and Karnali Transmission Company Pvt. Ltd., Nepal.
 The project, in collaboration with SJVN Limited (formerly Satluj Jal Vidyut Nigam Limited),
aims to develop the 900 MW Upper Karnali HPP in Nepal.

87. Which insurance company has recently (in July 24) secured the 6th position (out of the top
100 global companies) in the Global Million Dollar Round Table (MDRT) rankings for 2024?
1) Life Insurance Corporation of India
2) Tata AIA Life Insurance Company Limited
3) SBI General Insurance Company Limited
4) ICICI Prudential Life Insurance Company Limited
5) TATA AIG General Insurance Company Limited
Answer- 2) Tata AIA Life Insurance Company Limited
Explanation:
Tata AIA Life Insurance Company Limited (Tata AIA), one of India’s leading life insurance companies,
has secured the 6th position (out of the top 100 global companies) in the Global Million Dollar
Round Table (MDRT) rankings for 2024.
 Tata AIA registered the largest number of MDRT-qualified Life Insurance Advisors in
India with 2584 MDRT-qualified advisors and employees as of 31st December 2023, a
30.64% increase over the previous year.
 Tata AIA has achieved the largest number of MDRT members in India for the 2nd
consecutive year.
 Tata AIA has the highest number of female MDRT qualifiers in India, with 1238 women
MDRT advisors, ranking No.1 in India and No. 7 globally.
 MDRT, the premier association of Financial Professionals was founded in 1927 by 32
extraordinary life insurance producers.

88. Which bank has recently (in July 2024) partnered with Inspire Institute of Sport (IIS) to
launch the 'Wrestle for Glory’ to support 50 talented female wrestling athletes from across
India?
1) Axis Bank
2) ICICI Bank
3) Bank of Maharashtra
4) IndusInd Bank
5) Indian Bank
Answer- 4) IndusInd Bank
Explanation:
IndusInd Bank Limited collaborates with Inspire Institute of Sport (IIS), a high-performance
Olympic training facility headquartered in Vijayanagar, Ballari (Karnataka), to launch the ‘Wrestle for
Glory‘ , a Corporate Social Responsibility (CSR) initiative of IndusInd Bank.
 This initiative aims to support 50 talented female wrestling athletes from across India and
provide them with coaching at the IIS facility on fully-funded scholarships.

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  The ‘Wrestle for Glory’ program has been launched as a part of the ‘IndusInd For Sports’
initiative, a non-banking sports vertical of the Bank, established in 2016.

89. In July 2024, Fusion MicroFinance Limited recently (in July ‘24) changed its name to _________
with effect from July 9, 2024.
1) Fusion Banking services
2) Fusion FinCorp Limited
3) Fusion Finance Limited
4) Fusion Capital Limited
5) Fusion Small Finance Limited
Answer- 3) Fusion Finance Limited
Explanation:
Fusion MicroFinance Limited, one of India’s leading Non-Banking Financial Companies -
MicroFinance Institutions (NBFC-MFIs) has announced the name change to ‘Fusion Finance Limited’
with effect from July 9 2024.
 It mainly provides financial services to poor women in India who are grouped together as
Joint Liability Group(JLGs).
 Fusion Micro Finance Ltd. was initially incorporated as ‘Ambience Fincap Private
Limited(AFPL)’ as a Private Limited Company under the Companies Act 1956 on
September 5, 1994 at New Delhi, Delhi.
 Then it changed to Fusion Micro Finance Private Limited(FMPL) by Devesh Sachdev in
2010. Further it changed to Fusion Micro Finance Ltd in 2021.

90. Which bank has recently (in July ‘24) launched various new digital initiatives including a
Generative Artificial Intelligence (AI)-powered Virtual Relationship Manager (VRM) on the
occasion of its 117th foundation day?
1) IndusInd Bank
2) Bank of Baroda
3) State Bank of India
4) Punjab National Bank
5) Indian Bank
Answer- 2) Bank of Baroda
Explanation:
On 20th July 2024, Indian Public Sector Bank (PSB), Bank of Baroda (BoB) launched various new
digital initiatives including a Generative Artificial Intelligence (AI)-powered Virtual Relationship
Manager (VRM) and a new payment app, among 11 new initiatives on occasion of its 117th
foundation day.
i.The theme for the Bank’s 117th year is “Trusted Today, Transforming Tomorrow”.
ii.Generative AI-powered VRM, first-of-its-kind initiative among PSBs, designed specifically to
enhance digital customer service by providing real-time information about various range of
products and services of the bank to the customers.
iii.bobइPay UPI Payments Public Service Providers (PSP) App, equipped with features like: scan to
pay, send or receive money, UPI LITE, RuPay credit card on Unified Payments Interface (UPI) which
also include, international payments.

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iv.BoB has launched the BoB Credit line on UPI initiative and this feature will initially be available
on Baroda Kisan Credit Card (BKCC) for customers. Click here to read more

91. Which entity has recently (in July ‘24) approved a USD 200 million loan and USD 15.6
million grant for capacity building to the Small Industries Development Bank of India’s (SIDBI)
Financing Mitigation and Adaptation Projects (FMAP) in Indian MSMEs?
1) Hong Kong and Shanghai Banking Corporation (HSBC)
2) Actis Asia Climate Transition(AACT) Fund
3) Organization for Economic Cooperation and Development (OECD)
4) Green Climate Fund (GCF)
5) World Wide Fund (WWF))
Answer- 4) Green Climate Fund (GCF)
Explanation:
The board of the Green Climate Fund (GCF), which is an entity set up by the United Nations
Framework Convention on Climate Change (UNFCCC), has approved USD 200 million loan and USD
15.6 million grant i.e. a total of USD 215.6 million for capacity building to Small Industries
Development Bank of India’s (SIDBI) Financing Mitigation and Adaptation Projects (FMAP) in Indian
Micro, Small, and Medium Enterprises (MSMEs).
 Aim: To help MSMEs adopt low-emission and climate-resilient technologies.
 This loan by GCF to SIDBI is part of a formers’ funding approval of USD 1 billion for 17
projects across 35 developing countries.
 On the other hand, SIDBI will also create a corpus of USD 1 billion for FMAP by contributing
another USD 800 million to this funding.
 The FMAP facility aims to provide nearly 10,000 concessional loans to MSMEs to promote
low-emission, climate-resilient technologies.
 The FMAP program is expected to reduce greenhouse gas emissions by 35.3 million tonnes

92. According to a Bloomberg Economics Index, the Reserve Bank of India (RBI) sold ___________
worth of bonds in the secondary market in July, 2024 to absorb excess cash in the banking
system.
1) Rs 23.2 Billion
2) Rs 34 Billion
3) Rs 44.42 Billion
4) Rs 52 Billion
5) Rs 65.41 Billion
Answer- 2) Rs 34 Billion
Explanation:
According to a Bloomberg Economics Index, the Reserve Bank of India (RBI) has sold Rs 34 Billion
(USD 406 million) worth of bonds in the secondary market in July, 2024 to absorb excess cash in the
banking system.
 This action followed India’s recent inclusion in JPMorgan Chase & Co.’s Government Bond
Index-Emerging Markets (GBI-EM) in June 2024, which spurred significant foreign
investment of over USD 1 billion into Indian bonds within the month.
 The RBI sold bonds to manage the excess liquidity resulting from the increased foreign
investments.

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  This helped stabilize the financial system by absorbing the surplus funds as RBI added USD
9.7 billion to its reserves.
 India became the 25th market to be included in the index since its inception in June 2005.

93. Which organisation has recently (in July ‘24) revised its guidelines regarding the
commission for long-term motor insurance policies?
1) Reserve Bank of India (RBI)
2) Pension Fund Regulatory and Development Authority (PFRDA)
3) Securities Exchange Board of India (SEBI)
4) International Financial Services Centres Authority (IFSCA)
5) Insurance Regulatory and Development Authority of India (IRDAI)
Answer- 5) Insurance Regulatory and Development Authority of India (IRDAI)
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) has revised its guidelines
regarding the commission for long-term motor insurance policies. These revised guidelines align
these policies with the standard motor insurance policies having validity of 1 year.
 With this, insurers are now allowed to offer commissions within the expense management
framework for long-term policies.
 Long term motor insurance policies have minimum 5-year cover for 2-wheelers and 3-year
cover for 4-wheelers.

94. Which bank has recently (in July’24) partnered with Paytm to provide Point-of-Sale (POS)
solutions and Electronic Data Capture (EDC) devices or card machines to the bank and its
merchant network?
1) HDFC Bank
2) Axis Bank
3) Union Bank of India
4) Karnataka Bank
5) State Bank of India
Answer- 2) Axis Bank
Explanation:
Paytm, India’s digital payments and financial services brand owned by the One97 Communications
Limited (OCL), has partnered with Mumbai(Maharashtra) based Axis Bank, one of India’s largest
private sector banks to provide Point-Of-Sale (POS) solutions and Electronic Data Capture (EDC)
devices or card machines to the bank and its merchant network.
i.Aim: To transform the merchant-acquiring business through advanced technology, optimising
business operations, and elevating customer satisfaction.
ii.Through this partnership, Paytm’s cutting-edge technology will reach a wider merchant base via
Axis Bank, thereby enhancing the capabilities of both entities

95. Which payment company has recently (in July ‘24) partnered with the Society for
Worldwide Interbank Financial Telecommunications (SWIFT) for transfers of funds from
accounts to wallets around the world?
1) Razorpay
2) Amazon Pay

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3) PhonePe
4) JioPay
5) TerraPay
Answer- 5) TerraPay
Explanation:
London, the United Kingdom(UK) based TerraPay, a leading global payments infrastructure company
has partnered with the Society for Worldwide Interbank Financial Telecommunications (SWIFT), to
enable financial institutions can send money directly to over 2.1 billion mobile wallets around the
world using their Swift connectivity.
i.It aims to improve financial inclusion by providing a more easily accessible cross-border payment
option in areas where the use of mobile wallets is common.
ii.Swift payments made by financial institutions will be integrated into TerraPay’s infrastructure,
ensuring transparent and fast transfers of funds from accounts to wallets and this can be achieved
by Swift’s tracking capabilities that offer end-to-end visibility.

96. In July 2024, the Asian Development Bank (ADB) approved a ________ loan for the Nagpur
Metro Urban Mobility Project to expand metro rail corridors in Nagpur, Maharashtra.
1) USD 148.5 million
2) USD 170 million
3) USD 60 million
4) USD 200 million
5) USD 155 million
Answer- 4) USD 200 million
Explanation:
The Asian Development Bank (ADB) approved a USD 200 million loan for the Nagpur Metro Urban
Mobility Project, to expand metro rail corridors and enhance transport connectivity in Nagpur,
Maharashtra.
 The project is aimed at improving transport connectivity within and to Nagpur’s new and
growing urban areas.
 It will provide efficient, safe, and eco-friendly public transport to ease commuting and boost
productivity.
 Under this Project, 43.8 kilometers (km) of elevated metro rail corridors with 32 stations
will be constructed.

97. Which company has recently (in July 2024) received Reserve Bank of India’s (RBI) approval
to operate as a Payment Aggregator-Cross Border (PA-CB)?
1) Cashfree Payments India Private Limited
2) Computer Age Management Services Limited
3) CRED
4) PayU Payments Private Limited
5) Worldline ePayments India Private Limited
Answer- 1) Cashfree Payments India Private Limited
Explanation:
Bengaluru (Karnataka)-based Cashfree Payments India Private Limited, one of the 1st Payment
Aggregators (PA) in India, has received the Payment Aggregator Cross Border (PA-CB) licence from

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the Reserve Bank of India (RBI) to operate in the cross-border payments space. Cashfree Payments is
one of the 1st non-banks to secure the PA-CB licence.
 The PA-CB licence enables entities to process cross-border payment transactions for the
import and export of permissible goods and services online.
 There are 3 types of PA-CB licences, export only PA-CB (PA-CB-E), import only PA-CB (PA-
CB-I), and export and import PA-CB (PA-CB-E&I). Cashfree Payments has received
approval to operate as a PA-CB-E&I.

98. Which cooperative bank licence was recently (in July ‘24) cancelled by the Reserve Bank of
India (RBI) due to inadequate capital and earning prospects?
1) Abhyudaya Cooperative Bank
2) Kangra Co-operative Bank
3) Uravakonda Cooperative Town Bank
4) Rajdhani Nagar Sahkari Bank
5) Yashwant Cooperative Bank
Answer- 3) Uravakonda Cooperative Town Bank
Explanation:
The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) (licence) of
Uravakonda Cooperative Town Bank Limited based in Andhra Pradesh (AP), due to inadequate
capital and earning prospects. It has failed to comply with the requirements of the Banking
Regulation Act 1949.
i.The RBI has directed the bank to cease all its banking operations, including accepting new deposits
or repaying existing ones with effect from the close of business on July 20, 2024.
ii.On liquidation, depositors are entitled to claim compensation through the Deposit Insurance and
Credit Guarantee Corporation (DICGC), up to a maximum of Rs 5 lakh per depositor, subject to the
provisions of the DICGC Act, 1961.

99. Which of the following points is/are ‘correct’ with respect to Arunachal Pradesh’s recent(in
July ‘24) budget presentation for FY2024-25 (FY25)?
A) The total budget estimate is Rs 35,840.79 crore, marking a 20.85% increase over FY24.
B) The share of central taxes has been pegged at Rs 25,431.59 crore, an increase of 24.42%
over the FY24 estimate.
C) The Arunachal Pradesh government declared FY25 as the ‘Year of Youth and Youth
Aspiration’.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only B
5) All A, B & C
Answer- 2) Only A & C
Explanation:
i.Arunachal Pradesh Deputy Chief Minister Chowna Mein presented Rs 993.08-crore deficit budget
for FY2024-25 (FY25). The total budget estimate is Rs 35,840.79 crore, marking a 20.85% increase
over FY24.

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ii.The budget focuses on developing a ‘Healthy Human Resource, Robust Infrastructure, and
Vibrant Economy’ with a target of 2.08% Gross State Domestic Product (GSDP) growth.
iii.The budget is guided by the vision of a ‘Developed India, Developed Arunachal’.
iv.The share of central taxes has been pegged at Rs 21,431.59 crore, an increase of 19.42% over the
FY24 estimate.
v.The AR Government declared FY25 as the ‘Year of Youth and Youth Aspiration’. Click here to read
more

100. Which of the following points is /are ‘correct’ with respect to the Reserve Bank of India’s
(RBI) revised framework for Domestic Money Transfer (DMT) services by regulated entities?
A) The new changes in the Domestic Money Transfer framework will come into effect from 1st
October 2024.
B) As per the new norms, the remitting banks will be required to maintain the records of the
name and address of the beneficiaries for cash pay-out services.
C) The new changes have made it mandatory that every transaction will now be required to be
validated through an Additional Factor of Authentication (AFA).
1) Only A & B
2) Only A & C
3) Only B & C
4) Only B
5) All A, B & C
Answer- 3) Only B & C
Explanation:
The Reserve Bank of India (RBI) has revised the framework for Domestic Money Transfer (DMT)
services by regulated entities. RBI has made Know Your Customer (KYC) requirements more
stringent. The new changes in the framework will come into effect from 1st November 2024.
 This is in line with RBI’s efforts to counter and prevent the misuse of banking channels for
online fraud.
 As per the new norms, the remitting banks will be required to maintain the records of the
name and address of the beneficiaries for cash pay-out services.
 These new changes have made it mandatory that every transaction will now be required to
be validated through an Additional Factor of Authentication (AFA).
 As per the new norms, remitting banks and BCs are now required to comply with provisions
of the Income Tax Act, 1961, and the related rules and regulations pertaining to cash
deposits.

101. Which of the following points is/are ‘correct with respect to the State Budget recently (in
July ‘24) presented by Telangana for the Financial Year 2024-25 (FY25)?
A) Mallu Bhatti Vikramarka, Deputy Chief Minister (Dy CM) and Finance Minister of Telangana,
presented the Telangana State Budget of Rs 2,91,159 crore for the Financial Year 2024-25
(FY25).
B) The total revenue is estimated at Rs 2,90,814 crore, including open market loans of over Rs
57,000 crore.
C) Telangana recorded a growth rate of 7.0% during FY24 against the national growth rate of
7.6%.

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1) Only A & B
2) Only A & C
3) Only B & C
4) Only B
5) All A, B & C
Answer- 1) Only A & B
Explanation:
On July 25, 2024, Mallu Bhatti Vikramarka, Deputy Chief Minister (Dy CM) and Finance Minister of
Telangana, presented the Telangana State Budget of Rs 2,91,159 crore for the Financial Year 2024-
25 (FY25).
i.This marks the first full budget presented by the Congress government, elected in December 2023,
in the Telangana Legislative Assembly in Hyderabad, Telangana.
ii.The total revenue is estimated at Rs 2,90,814 crore, including open market loans of over Rs 57,000
crore.
iii.Telangana recorded a growth rate of 7.4% during FY24 against the national growth rate of 7.6%.
iv.The revenue expenditure is proposed at Rs.2,20,945 crores and the capital expenditure proposed is
Rs.33,487 crores.Click here to read more

102. In July 2024, the Reserve Bank of India (RBI) issued a Prompt Corrective Action (PCA)
framework for ________________.
1) Self-Regulatory Organisations in the Financial Technology sector
2) Urban Cooperative Banks
3) Research Analysts and Investment Advisers
4) Alternative Investment Funds
5) Foreign Portfolio Investors
Answer- 2) Urban Cooperative Banks
Explanation:
On 26th July 2024, the Reserve Bank of India (RBI) introduced new Prompt Corrective Action (PCA)
framework for Urban Co-operative Banks (UCBs). Its provisions will be effective from 1st April 2025.
 This will replace the Supervisory Action Framework (SAF), which had been in place since
6th January 2020.
 The framework is largely principle-based with fewer number of parameters as compared to
the SAF, without any dilution in the supervisory rigour.
 As per new framework , capital, asset quality and profitability will be the key areas for
monitoring the financial health of the UCBs.Click here to read more

103.Which Insurtech company has recently (in July ‘24) obtained a direct broking (general)
licence from the Insurance Regulatory and Development Authority of India (IRDAI)?
1) SabPaisa
2) Tech Fini
3) CRED
4) Covrzy
5) PayU
Answer- 4) Covrzy

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Explanation:
Covrzy, a Bengaluru (Karnataka)-based Insurance technology (Insurtech) startup has obtained a
direct broking (general) licence from the Insurance Regulatory and Development Authority of India
(IRDAI), Hyderabad, Telangana.
i.This licence enables Covrzy to operate as a direct insurance broker in India, to offer
comprehensive business insurance solutions.
ii.An insurance broker is a person registered by the Authority as a direct broker, reinsurance broker,
or composite broker.
iii.There are 5 categories of Insurance Brokers:
 Direct Broker (Life);
 Direct Broker (General);
 Direct Broker (Life & General);
 Reinsurance Broker; and
 Composite Broker

104. Which Cooperative Bank’s licence was recently (in July ‘24) cancelled by the Reserve
Bank of India (RBI)?
1) Kangra Co-operative Bank, Delhi
2) Mahabhairab Cooperative Urban Bank Limited, Assam
3) Rajdhani Nagar Sahkari Bank, Uttar Pradesh
4) Stambhadri Co-operative Urban Bank, Telangana
5) Halol Urban Co-operative Bank, Gujarat
Answer- 2) Mahabhairab Cooperative Urban Bank Limited, Assam
Explanation:
The Reserve Bank of India (RBI) cancelled the licence of the Mahabhairab Cooperative Urban
Bank Limited, Tezpur, Assam. As a result, the bank ceased all banking operations from the close of
business on 24 July 2024. The Registrar of Cooperative Societies, Assam, has been asked to issue a
winding-up order and appoint a liquidator.
i.The main reasons for the license cancellation are:
 Inadequate capital and earning prospects
 Non-compliance with various sections of the Banking Regulation Act of 1949
 The bank’s continuance is deemed prejudicial to depositors’ interests
 Inability to pay current depositors in full
 Potential adverse effects on public interest if allowed to continue operations.

105. In July 2024, EQT Private Capital Asia sold its 7.89% stake worth Rs 1,091.15 crore in
_________(Bank).
1) HDFC Bank
2) Karnataka Bank
3) RBL Bank
4) Axis Bank
5) Yes Bank
Answer- 3) RBL Bank

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Explanation:
EQT Private Capital Asia (formerly Baring Private Equity Asia BPEA EQT), a Swedish private equity
firm, exited RBL Bank, one of India’s leading private-sector banks, by selling its entire 7.89% stake,
amounting to 4.78 crore shares in the RBL Bank, through its entity Maple II BV.
 This transaction was conducted through an open market deal worth Rs 1,091.15 crore on
the BSE Limited (formerly Bombay Stock Exchange) and the shares were sold at an average
price of Rs 228.08 per share.
 Morgan Stanley Asia Singapore Pte and Societe Generale acquired (shares worth 285.12
crore and 161.74 crore, respectively), a combined 3.23% stake in the RBL Bank.

106. Which of the following points is/are ‘correct’ with respect to the annual Budget presented
by Odisha?
A) Odisha Chief Minister (CM) , Mohan Charan Majhi presented the “Annual Budget for Financial Year
2024-25 (FY25)” in the Odisha Legislative Assembly with an outlay of Rs 2.65 lakh crore.
B) The Odisha’s Gross State Domestic Product (GSDP) is expected to grow at a rate of 7%.
C) Programme expenditure is pegged at Rs 1.55 Lakh crore, while administrative expenditure stands
at Rs 97,725 crore.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only B
5) All A, B & C
Answer- 2) Only A & C
Explanation:
On July 25, 2024, the Chief Minister (CM) of Odisha, Mohan Charan Majhi, who also holds the Finance
Portfolio presented the “Annual Budget for Financial Year 2024-25 (FY25)” in the Odisha
Legislative Assembly with an outlay of Rs 2.65 lakh crore.
 The FY25 budget is around 15% more than the budgetary estimate of Rs 2.30 lakh crore for
the FY 2023-24(FY24).
 The budget focuses on agriculture and women, aiming for a ‘Viksit Odisha’ in the coming
years.
 The Odisha’s Gross State Domestic Product (GSDP) is expected to grow at a rate of 8%.
 Programme expenditure is pegged at Rs 1.55 Lakh crore, while administrative expenditure
stands at Rs 97,725 crore.Click here to read more

107. Which of the following entities was ‘not’ recently (in July ‘24) selected by the RBI for the
Test Phase under the 5th cohort of the Regulatory Sandbox on the theme 'Neutral'?
1) Connectingdot Consultancy Private Limited(CCPL)
2) Epifi Technologies Private Limited(ETPL)
3) Finagg Technologies Private Limited(FTPL)
4) TechInfini Solutions Private Limited(TSPL)
5) Signzy Technologies Private Limited(STPL)
Answer- 4) TechInfini Solutions Private Limited(TSPL)

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Explanation:
i. On July 26, 2024, the Reserve Bank of India (RBI) has selected 5 entities out of 22 applications for
the Test Phase under the 5th cohort of Regulatory Sandbox (RS) on the theme ‘ Neutral’
ii.The selected entities will commence testing of their products on solutions from August 2024. The
5th cohort under RS was announced in September 2022.
iii.It refers to the live testing of new products or services in a controlled/test regulatory
environment. Through this field tests are conducted on the advantages and drawbacks of the new
financial innovation.
iv.The Selected Sandbox entites are,
1. Connectingdot Consultancy Private Limited(CCPL), Kolkata, West Bengal (WB)
2. Epifi Technologies Private Limited(ETPL), Bengaluru, Karnataka
3. Finagg Technologies Private Limited(FTPL), Noida, Uttar Pradesh (UP)
4. Indian Banks’ Digital Infrastructure Company (IBDIC) Private Limited, Mumbai,
Maharashtra
5. Signzy Technologies Private Limited(STPL), Bengaluru, KarnatakaClick here to read more

108. Which of the following statements is/are ‘correct’ regarding the monetary penalty
recently imposed in July 2024 by the Reserve Bank of India (RBI) on three Payment System
Operators (PSOs)?
A) The RBI has fined Rs 55.8 lakh on MAFIL(formerly known as Manappuram General Finance
and Leasing Limited) for non-compliance with certain provisions of Know Your Customer
(KYC) directions.
B) The RBI has fined Rs 87.55 lakh on OFS ( formerly known as Zipcash Card Services Private
Limited) for two separate violations.
C) Visa Worldwide Private Limited(VWPL) has been fined Rs 2.4 crore for non-compliance as it
had implemented a payment authentication solution without regulatory clearance from the
RBI.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only B
5) All A, B & C
Answer- 3) Only B & C
Explanation:
The Reserve Bank of India (RBI) has imposed a monetary penalty on three Payment System
Operators (PSOs) namely Manappuram Finance Limited (MAFIL), Ola Financial Services Private
Limited (OFS) and Visa Worldwide Private Limited (VWPL) for non-compliance with the regulatory
norms.
 This actions have been taken in exercise of powers vested in RBI under the provisions of
Section 30 and Section 31 of the Payment and Settlement Systems Act, 2007.
i.MAFIL: The RBI has fined Rs 41.5 lakh on MAFIL(formerly known as Manappuram General Finance
and Leasing Limited) for non-compliance with certain provisions of Know Your Customer (KYC)
directions.
ii.OFS: The RBI has fined Rs 87.55 lakh on OFS ( formerly known as Zipcash Card Services Private
Limited) for two separate violations.

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iii.VWPL: Visa Worldwide Private Limited(VWPL) has been fined Rs 2.4 crore for non-compliance as
it had implemented a payment authentication solution without regulatory clearance from the RBI.

109. Which mutual fund recently (in July ‘24) launched the "Apne #SIPKoDoPromotion," a
unique digital campaign aimed at raising awareness about the Systematic Investment Plans
(SIPs) Top-Up feature?
1) Groww Mutual Fund
2) SBI Mutual Fund
3) Mirae Asset Mutual Fund
4) HSBC Mutual Fund
5) Axis Mutual Fund
Answer- 4) HSBC Mutual Fund
Explanation:
HSBC Mutual Fund has introduced the “Apne #SIPKoDoPromotion” ,a unique digital campaign to
raise awareness and educate investors about the Systematic Investment Plans (SIPs) Top-Up feature
and its benefits for long-term wealth building.
i.The campaign features three 30-second digital films designed to promote the concept of increasing
SIP contributions through the Top-Up facility.
ii.SIPs allow regular investments in mutual funds, but the SIP Top-Up option lets investors boost their
contributions by a fixed amount or percentage at set intervals.

110. Which group has recently launched a Rs 5000 crore jewellery brand named 'Indriya'?
1) Aditya Birla Group
2) Adani Group
3) TATA Group
4) Reliance Industries Limited
5) Vedanta Limited
Answer- 1) Aditya Birla Group
Explanation:
On 26th July 2024, Aditya Birla Group entered into branded jewellery business with an investment
of Rs 5,000 crore with launch of its brand name “Indriya” which will operate under the Novel Jewels
Limited.
 With this, Aditya Birla Group aims to secure its position among India’s top 3 jewellery
retailers over the next 5 years.
 Dilip Gaur will serve as Director and Sandeep Kohli as Chief Executive Officer (CEO) of
Novel Jewels.
 .As per India Brand Equity Foundation (IBEF), gems and jewellery industry accounts 7% to
the Gross Domestic Product (GDP) of India.

111. Name the Artificial Intelligence (AI)-based chatbot that was recently (in July ‘24) launched
by the Securities & Exchange Board of India (SEBI) for investors.
1) PM Shri Paryatan Vayu Seva
2) PRAGATI
3) SEVA
4) Sesame

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5) Chitti
Answer- 3) SEVA
Explanation:
On July 29, 2024, the Securities and Exchange Board of India (SEBI) has unveiled an Artificial
Intelligence (AI)-based chatbot named SEVA (Sebi’s Virtual Assistant) to assist investors in
accessing information and responses on various processes. This chatbot currently provides answers
regarding the securities market, master circulars, and grievance redressal procedures, with plans for
expansion based on user feedback.
i.SEVA, in its beta version, features citation support for responses, speech-to-text, text-to-speech
functionalities, and can handle follow-up questions.
ii.The beta version of SEVA is accessible on SEBI’s investor website and the SAARTHI mobile app,
available for both Android and iOS platforms.

112. Which company has recently (in July ‘24) received approval from the Reserve Bank of
India (RBI) to enter the asset reconstruction (ARC) business during the financial year 2024-
2025 (FY25)?
1) Edelweiss Asset Reconstruction Company Limited
2) Hitachi Payment Services Pvt. Ltd
3) Bajaj Finserv Asset Management Limited
4) Shriram Group
5) Cholamandalam Investment & Finance Company Limited
Answer- 4) Shriram Group
Explanation:
Chennai, Tamil Nadu (TN)-based Shriram Group has obtained approval from the Reserve Bank of
India (RBI) to enter the Asset Reconstruction (ARC) sector in the financial year 2024-2025 (FY25).
 Shriram Credit, a subsidiary of Shriram Capital Limited (SCL), will oversee the wealth
management aspect which will have collaboration with multiple partners, while, SCL will
directly manage ARC operations.
 Shriram Finance Limited (SFL), India’s largest retail non-banking financial company
(NBFC), projects a 15% growth in Assets Under Management (AUM) for FY25.

113. With which bank did ICICI Lombard General Insurance Company Limited recently (in
July’24) sign a bancassurance agreement to offer its insurance products?
1) HDFC Bank
2) Karnataka Bank
3) Bank of India
4) Bank of Maharashtra
5) Indian Bank
Answer- 2) Karnataka Bank
Explanation:
ICICI Lombard General Insurance Company Limited (ICIL), Mumbai(Maharashtra) has announced a
Strategic Bancassurance Partnership with Karnataka Bank Limited (KBL) to offer ICICI Lombard’s
insurance products to Karnataka Bank customers.
i.The ICICI Lombard’s insurance products will now be available across Karnataka Bank’s 915
branches, reaching over 13 million customers nationwide.

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ii.It is designed to provide long-term financial security, underscoring both entities’ commitment to
excellence through innovation and reliability.

114. Which bank has collaborated with NIIT Institute of Finance, Banking and Insurance (NIIT
IFBI) to launch “ACE Banker Program”?
1) Axis Bank
2) Yes Bank
3) HDFC Bank
4) Jammu & Kashmir Bank
5) Punjab National Bank
Answer- 3) HDFC Bank
Explanation:
Gurgaon (Haryana) based NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a subsidiary
of National Institute of Information Technology (NIIT) has announced the launch of the ‘ACE Banker
Program’ in collaboration with HDFC Bank Limited.
i.This program is designed to address the changing needs of the banking sector by equipping
participants with the necessary skills and knowledge to excel in customer service roles at HDFC Bank.
ii.It is a critical part of NIIT’s Talent Pipeline as a Service (TPaaS) initiative which aims to recruit and
train customer service professionals for HDFC Bank.

115. Which organization in its Monthly Economic Review (MER) for July 2024, projected that
India’s GDP is likely to grow in the range of 7% to 7.5% in FY25 (2024–25)?
1) National Council of Applied Economic Research
2) National Statistical Office
3) National Institute of Public Finance and Policy
4) United Nations Conference on Trade and Development
5) International Monetary Fund
Answer- 1) National Council of Applied Economic Research
Explanation:
The National Council of Applied Economic Research (NCAER) in its Monthly Economic Review (MER)
July 2024 report released on 29th July 2024, projected that India’s Gross Domestic Product (GDP) is
likely to grow in the range of 7% to 7.5% in FY25 (2024-25).
 This projection is based on a normal monsoon and the momentum in high frequency
indicators such as: bank credit growth as key factors amid signs of receding global shocks.
 As per Economic Survey 2023-24, India’s real GDP increased by 8.2% in FY24 (2023-24).
This growth is mainly driven by stable consumption demand and gradual improvement in
investment demand.
 The NCAER-National Stock Exchange (NSE), Business Confidence Index (BCI) increased
from 138.2 in the 4th quarter (Q4) of FY24 to 149.8 in the 1st quarter (Q1) of FY25.
 The Consumer Price Index (CPI) headline inflation or retail inflation increased from 4.8% in
May 2024 to 5.1% in June 2024.

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 Current Static Bank

1. The Securities and Exchange Board of India (SEBI) was established in the year _________.
1) 1949
2) 1967
3) 1976
4) 1980
5) 1992
Answer- 5) 1992
Explanation:
About Securities and Exchange Board of India (SEBI):
Chairman- Madhabi Puri Buch
Headquarter- Mumbai, Maharashtra
Established- 1992

2. How many member states are in the World Bank (WB)?

1) 190
2) 165
3) 140
4) 189
5) 152
Answer- 4) 189
Explanation:
About World Bank (WB):
President – Ajay Banga
Headquarters – Washington, D.C., United States of America (USA).
Established – 1944
Member states – 189

3. Where is the headquarters of KfW Bank located?

1) Frankfurt, Germany
2) Georgetown, Guyana
3) Nairobi, Kenya
4) London, United Kingdom
5) Turin, Italy
Answer- 1) Frankfurt, Germany
Explanation:
About KfW Bank:
Chief Executive Officer (CEO)- Stefan Wintels
Headquarters- Frankfurt, Germany

4. Who has been recently (in July’ 24) appointed as the regional Director for Infrastructure and
Natural Resources in Asia Pacific by the International Finance Corporation (IFC)?
1) Sashidhar Jagdishan
2) Ajay Kanwal

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3) Harsha Bangari
4) Pralay Mondal
5) Vikram Kumar
Answer- 5) Vikram Kumar
Explanation:
International Finance Corporation (IFC), a global investment and financing solutions provider,
announced the appointment of Vikram Kumar as its new Regional Industry Director for
Infrastructure and Natural Resources in Asia and the Pacific. Kumar will assume his new role on
July 1 2024.
 With over 20 years of global investment and development experience, Kumar will be tasked
with driving IFC’s strategy to facilitate sustainable infrastructure for more people and
businesses in the region.

5. Name the country that has recently (in July’ 24) announced that its citizens can now utilise a
Quick Response (QR) code payment system in India.
1) Myanmar
2) Bangladesh
3) Singapore
4) France
5) Nepal
Answer- 5) Nepal
Explanation:
Nepal Rastra Bank (NRB) announced that Nepali citizens can now utilise a Quick Response (QR)
code payment system in India, three months after Indians were allowed to make payments in Nepal
using their mobile phones.
 Nepal Rastra Bank permitted merchant payments in India and Bhutan using QR codes as well
as other payment methods such as e-banking, interbank payments, and mobile banking.
 Nepal Rastra Bank has set a daily transaction restriction for merchant payments of Rs 15,000
or Rs 100,000 per month. This refers to payments made by Nepali citizens to Indian merchants,
specifically for goods and services.

6. When was the Central Board of Direct Taxes (CBDT) established?

1) 1954
2) 1963
3) 1972
4) 1985
5) 1996
Answer- 2) 1963
Explanation:
About Central Board of Direct Taxes (CBDT):
Chairman – Ravi Agrawal
Headquarters – New Delhi, Delhi
Established – 1963

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7. Name the company that has recently (in June ‘24) opened India’s first Gen AI lab in the stock
broking industry.
1) Krutrim
2) Neysa Networks
3) BlinkX
4) Scribble Data
5) OnFinance
Answer- 3) BlinkX
Explanation:
In June 2024, BlinkX, The digital stockbroking division of JM Financial, has introduced the BlinkX
Gen AI Lab, a first for the Indian stock broking market.
 This state-of-the-art facility uses AI technologies to streamline operations and personalise
client experiences.

8. The Pension Fund Regulatory and Development Authority (PFRDA) has permitted T+0
settlement for National Pension System (NPS) subscribers with effect from _____________ 2024.
1) 4th October
2) 15th September
3) 10th August
4) 1st July
5) 2nd August
Answer- 4) 1st July
Explanation:
The Pension Fund Regulatory and Development Authority (PFRDA), India’s pension sector
regulator, has announced a significant change for National Pension System (NPS) subscribers,
effective July 1 2024.
 Under the new rule, settlements for NPS transactions will shift to a T+0 system.
 The shares will be promptly transferred to the buyer's account, while funds will swiftly be
deposited into the seller's account.
 The NPS contributions received by the Trustee Bank until 11 am (T) on any settlement day will
be invested on the same day and the subscribers will get the benefit of same-day NAV (Net
Asset Value).

9. In which year was the State Bank of India (SBI) founded?

1) 1955
2) 1958
3) 1952
4) 1957
5) 1953
Answer- 1) 1955
Explanation:
About State Bank of India(SBI):
Chairman– Dinesh Kumar Khara
Headquarters- Mumbai, Maharashtra

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Tag line–“The Banker to Every Indian”
Founded– 1st July 1955

10. Who is the current (in July ‘24) chairman of the Financial Services Institution Bureau
(FSIB)?
1) Bhanu Pratap Sharma
2) Pradip Kumar Das
3) Gurdeep Singh
4) Vijay Paul Shar
5) Debjani Ghosh
Answer- 1) Bhanu Pratap Sharma
Explanation:
About Financial Services Institution Bureau (FSIB):
FSIB was established on 1st July 2022 by the Government of India (GoI), replacing Banks Board
Bureau (BBB) for recommending persons for the appointment as whole-time directors and non-
executive chairpersons on the Boards of Financial Service Institutions.
Chairman – Bhanu Pratap Sharma
Headquarters – Mumbai, Maharashtra

11. Who is the current (as of July’24) President of the Institute of Chartered Accountants of
India (ICAI)?
1) Ranjeet Kumar Agarwal
2) Vivek Gogia
3) Balaji Srivastava
4) Vibha Dhawan
5) Nina Singh
Answer- 1) Ranjeet Kumar Agarwal
Explanation:
About Institute of Chartered Accountants of India (ICAI):
President – CA. Ranjeet Kumar Agarwal
Headquarters – New Delhi, Delhi
Established – 1949

12.The Life Insurance Corporation of India (LIC) was established in the year __________.
1) 1969
2) 1971
3) 1956
4) 1982
5) 1990
Answer- 3) 1956
Explanation:
About Life Insurance Corporation of India (LIC):
It is under the ownership of the Government of India and administrative control of the Ministry of
Finance(MoF).

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Chairman- Siddhartha Mohanty
Headquarters- Mumbai, Maharashtra
Established- 1956

13. Name the insurance company that has recently (in July ‘24) launched Surety Insurance to
provide risk mitigation solutions for infrastructure sector.
1) New India Assurance Company Ltd.
2) ICICI Lombard
3) Bajaj Allianz General Insurance
4) Bandhan Life
5) Shriram General Insurance Company Limited
Answer- 2) ICICI Lombard
Explanation:
ICICI Lombard has launched Surety Insurance to provide risk mitigation solutions for infrastructure
sector.
 Surety insurance acts as a guarantee to a beneficiary (typically an authority or client) that a
principal debtor (usually a contractor) will fulfil their contractual obligations.
 If the contractor fails to honour the terms or contractual commitments, the surety insurance
provider will provide financial compensation to the beneficiary.
 Additionally, these products help reduce debt burdens and offer a better risk management
solution.

14. In July 2024, _______ and the Athletic Federation of India (AFI) hosted a grand send-off
ceremony for the Indian athletes heading to the 2024 Paris Olympics.
1) Bank of Baroda
2) Bank of India
3) State Bank of India
4) HSBC India
5) DCB Bank
Answer- 4) HSBC India
Explanation:
In July 2024, HSBC India and the Athletic Federation of India (AFI) hosted a grand send-off ceremony
for the Indian athletes heading to the 2024 Paris Olympics. The event held at The Lalit in
Chandigarh.
 In 2022, HSBC India had announced partnership with AFI to support women athletes

15. In which year was the National Bank for Agriculture and Rural Development (NABARD)
established?
1) 1982
2) 1954
3) 1978
4) 1965
5) 1991
Answer- 1) 1982

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Explanation:
About National Bank for Agriculture and Rural Development (NABARD):
NABARD was established under NABARD Act, 1981 and works under the jurisdiction of Department
of Financial Services (DFS), MoF.
Chairman– Shaji K.V.
Headquarters– Mumbai, Maharashtra
Established- 1982(on the recommendations of B.Sivaramman Committee)

16. In June 2024, India launched the Unified Payments Interface(UPI) service in the world-
renowned flagship store Galeries Lafayette in _________.
1) Tokyo, Japan
2) Berlin, Germany
3) Stockholm, Sweden
4) Paris, France
5) Geneva, Switzerland
Answer- 4) Paris, France
Explanation:
India has launched the Unified Payments Interface (UPI) at Paris' historic department store Galeries
Lafayette in Haussmann, Paris, France.
 It was in January 2024 that UPI based payment method was launched at the Eiffel Tower.
 India’s Ambassador to France Jawed Ashraf launched UPI in real-time at Galeries Lafayette in
the presence of Nicolas Houze, CEO of Galeries Lafayette

17. Which bank has recently (in July ‘24) got its board approval to raise additional capital of Rs
7,500 crore through Additional Tier 1 (AT1) and Tier 2 bonds during the financial year 2024-
25?
1) Punjab National Bank
2) Bank of Baroda
3) Canara Bank
4) Bank of India
5) Central Bank of India
Answer- 2) Bank of Baroda
Explanation:
In July 2024, the Bank of Baroda announced that its board of directors approved a plan to raise
additional capital of Rs 7,500 crore through Additional Tier 1 (AT1) and Tier 2 bonds during the
financial year 2024-25.
 The Additional Tier 1 and Tier II bonds will have an interchangeability option in India and
overseas.
 Apart from the additional capital, its board approved raising Rs 10,000 crore through long-
term bonds to finance infrastructure initiatives and affordable housing in single or multiple
segments during the financial year 2024-25.

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18. Who has been recently (in July ‘24) appointed as senior adviser to the executive director
(ED) of the World Bank?
1) Hemant Khatri
2) Adarsh Kumar Goel
3) Nikunj Kumar Srivastava
4) Rajiv Bahl
5) Ina Singh
Answer- 3) Nikunj Kumar Srivastava
Explanation:
In July 2024, Senior bureaucrat Nikunj Kumar Srivastava was appointed as senior adviser to the
executive director (ED) of the World Bank in the United States of America(USA) as part of key foreign
postings approved by the government of India.
 Srivastava is a 1998-batch Indian Administrative Service (IAS) officer of Madhya Pradesh
cadre.

19. When was the State Bank of India (SBI) established?

1) 1950
2) 1955
3) 1947
4) 1960
5) 1962
Answer- 2) 1955
Explanation:
About State Bank of India (SBI):
Chairman– Dinesh Kumar Khara
Headquarters– Mumbai, Maharashtra
Establishment– 1 July 1955
Tagline– Pure Banking, Nothing Else

20. Where is the headquarters of the Asian Development Bank(ADB) situated?

1) Beijing, China
2) Tokyo, Japan
3) Manila, Philippines
4) Dhaka, Bangladesh
5) Kuala Lumpur, Malaysia
Answer- 3) Manila, Philippines
Explanation:
About Asian Development Bank(ADB):
President– Masatsugu Asakawa(Japan)
Headquarters– Mandaluyong City, Manila, the Philippines
Members Nations– 68(49 members nations are from Asia-Pacific region)
Established–1966

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21. In Which year, the Life Insurance Corporation of India (LIC) was established?
1) 1962
2) 1956
3) 1974
4) 1985
5) 1991
Answer- 2) 1956
Explanation:
About Life Insurance Corporation of India (LIC):
Chairperson– Siddhartha Mohanty
Managing Directors (MDs)– M. Jagannath, Tablesh Pandey, Sat Pal Bhanoo, R. Doraiswamy
Headquarters– Mumbai, Maharashtra
Established- 1956

22. In 1949, the Government of India nationalised the Reserve Bank of India under ________ acts
of parliament.
1) Reserve Bank of India (Transfer of Public Ownership) Act, 1948
2) Banking Regulation Act, 1949
3) Industrial Finance Corporation of India Act, 1948
4) Banking Regulation (Companies) Rules, 1949
5) Banking Companies (Legal Practitioner Clients' Accounts) Act 1949
Answer- 1) Reserve Bank of India (Transfer of Public Ownership) Act, 1948
Explanation:
Reserve Bank of India (Transfer of Public Ownership) Act, 1948 was passed by the Indian government
in 1948 to transfer the ownership and control of the RBI from private shareholders to the
government. It facilitated the nationalisation of the RBI, making it a government-owned institution.

23. Who maintains the government's accounts, including the Consolidated Fund of India and
the Public Account?
1) Comptroller and Auditor General of India
2) Reserve Bank of India
3) Comptroller and Auditor General of India
4) Ministry of Finance
5) Central Board of Direct Taxes
Answer- 2) Reserve Bank of India
Explanation:
The Reserve Bank of India (RBI) maintains the government's accounts, including the Consolidated
Fund of India and the Public Account. The RBI plays a crucial role in managing the government's
finances and acts as the banker to the government.

24. Name the finance company that has recently (in July ‘24) launched new Fixed Deposits
(FDs) for senior citizens with interest rates of up to 9.40% per annum.
1) Muthoot Finance Limited
2) JM Financial Limited
3) HDB Financial Services Limited

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4) Shriram Finance Limited
5) Manappuram Finance Limited
Answer- 4) Shriram Finance Limited
Explanation:
In July 2024, Shriram Finance Limited launched new Fixed Deposits (FDs) for senior citizens with
interest rates of up to 9.40% per annum.
 Attractive Fixed Deposit Interest Rates: Shriram Finance offers up to 9.40% p.a. on FDs (The
interest rate of 9.40% p.a. is inclusive of 0.50 % p.a. for senior citizens and 0.10 % p.a. for
women depositors)

25. Where was the headquarters of Bandhan Bank situated?

1) Chennai, Tamil Nadu
2) Mumbai, Maharashtra
3) Kolkata, West Bengal
4) Bengaluru, Karnataka
5) New Delhi, Delhi
Answer- 3) Kolkata, West Bengal
Explanation:
About Bandhan Bank Limited:
It is the first-ever microfinance institution to become a universal bank from the Eastern region.
Managing Director (MD) & Chief Executive Officer (CEO)– Ratan Kumar Kesh (Interim w.e.f. 10th
July 2024)
Headquarters– Kolkata, West Bengal
Establishment– 2015
Tagline– Aapka Bhala. Sabki Bhalai (Your benefit. Everyone’s welfare)

26. Name the foreign bank that has recently (in July ‘24) opened its branch in the Gujarat
International Finance Tec-City - International Financial Services Centre (GIFT-IFSC).
1) Société Générale
2) Crédit Agricole
3) Lloyds Bank
4) BNP Paribas
5) NatWest
Answer- 4) BNP Paribas
Explanation:
In July 2024, rench banking major BNP Paribas opened a new branch in the Gujarat International
Finance Tec-City - International Financial Services Centre (GIFT-IFSC).
About BNP Paribas:
Director and Chief Executive Officer(CEO) - Jean-Laurent Bonnafé
Headquarters - Paris, France
Established - 2000

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27. Who is the current (as of July ‘24) Chairman of the National Council of Applied Economic
Research (NCAER)?
1) Vivek Kumar Gupta
2) Tanmay Kumar
3) Nandan M Nilekani
4) Vijaya Bharathi Sayani
5) Ravi Agrawal
Answer- 3) Nandan M Nilekani
Explanation:
About National Council of Applied Economic Research (NCAER):
Chairman – Nandan M Nilekani
Headquarters – New Delhi, Delhi
Established – 1956

28. When was the Export-Import Bank of India (EXIM Bank) established?
1) 1982
2) 1977
3) 1995
4) 1964
5) 1958
Answer- 1) 1982
Explanation:
About Export-Import Bank of India (EXIM Bank):
Managing Director– Harsha Bangari
Headquarters– Mumbai, Maharashtra
Establishment– 1982

29. Where is the headquarters of the Utkarsh Small Finance Bank Limited (USFBL) situated?
1) Kolkata, West Bengal
2) Varanasi, Uttar Pradesh
3) Mumbai, Maharashtra
4) Vadodara, Gujarat
5) Chennai, Tamil Nadu
Answer- 2) Varanasi, Uttar Pradesh
Explanation:
About Utkarsh Small Finance Bank Limited (USFBL):
USFBL was incorporated on 30th April 2016 and received banking license from RBI in November
2016. The bank operations on January 23, 2017
MD & CEO – Govind Singh
Headquarters – Varanasi, Uttar Pradesh (UP)

30. Who is the current (as of July ‘24) Managing Director (MD) and Chief Executive Officer
(CEO) of the Star Health and Allied Insurance Company Limited?
1) Rakesh Sharma
2) Nikhil Mohan

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3) Swarup Kumar Saha
4) Anand Roy
5) Atul Kumar Goel
Answer- 4) Anand Roy
Explanation:
About Star Health and Allied Insurance Company Limited:
It is India’s first Standalone Health Insurance Company.
Managing Director (MD) and Chief Executive Officer (CEO) – Anand Roy
Establishment– 2006
Headquarters– Chennai, Tamil Nadu

31. Who has been recently (in July’ 24) re-elected as the General Secretary of All India Bank
Officers' Confederation (AIBOC)?
1) Noopur Chaturvedi
2) Rupam Roy
3) Tripti Gurha
4) Arun Kumar Misra
5) Pradip Kumar Das
Answer- 2) Rupam Roy
Explanation:
In July 2024, Rupam Roy was re-elected as the General Secretary of the All India Bank Officers'
Confederation (AIBOC) and Balachandra PM was re-elected as its President.
 The All India Bank Officers' Confederation (AIBOC), a trade union, concluded its 13th Triennial
General Council Meeting in Guwahati, Assam.

32. Who is the current (as of July ‘24) Managing Director and Chief Executive Officer (MD &
CEO) of the Punjab National Bank (PNB)?
1) Sandeep Bakhshi
2) Chandra Shekhar Ghosh
3) Swarup Kumar Saha
4) Atul Kumar Goel
5) Shanti Lal Jain
Answer- 4) Atul Kumar Goel
Explanation:
About Punjab National Bank (PNB):
Managing Director and Chief Executive Officer (MD & CEO) – Atul Kumar Goel
Headquarters – New Delhi, Delhi
Established – May 19, 1894
Commenced Operations – April 12, 1895
Tagline – ‘The Name You Can Bank Upon’

33. Where is the headquarters of the Federal Bank Limited situated?

1) Jaipur, Rajasthan
2) Kumbakonam, Tamil Nadu
3) Mangaluru, Karnataka

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4) Mumbai, Maharashtra
5) Aluva, Kerala
Answer- 5) Aluva, Kerala
Explanation:
About Federal Bank Limited:
Managing Director (MD) and Chief Executive Officer (CEO) – Shyam Srinivasan
Headquarters- Aluva, Kerala
Tagline- Your Perfect Banking Partner
Established- 23rd April, 1931

34. Who is the current (as of July ‘24) Managing Director (MD) and Chief Executive Officer
(CEO) of Bajaj Allianz Life Insurance Company Limited?
1) Tarun Chugh
2) Nikhil Mohan
3) Murali Ramakrishnan
4) Baldev Prakash
5) Rakesh Sharma
Answer- 1) Tarun Chugh
Explanation:
About Bajaj Allianz Life Insurance Company Limited:
MD and CEO- Tarun Chugh
Headquarters- Pune, Maharashtra
Established- 2001

35.Where is the headquarters of Muthoot Finance located?

1) Mumbai, Maharashtra
2) Bhopal, Madhya Pradesh
3) Kochi, Kerala
4) Noida, Uttar Pradesh
5) Gandhinagar, Gujarat
Answer- 3) Kochi, Kerala
Explanation:
About Muthoot Finance:
Managing Director - George Alexander Muthoot
Headquarters - Kochi, Kerala

36.What is the tagline of the State Bank of India(SBI)?

1) The Banker to Every Indian
2) Honours your Trust
3) Your Perfect Banking Partner
4) We Understand Your World
5) Serving to Empower
Answer- 1) The Banker to Every Indian

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Explanation:
About State Bank of India(SBI):
Chairman- Dinesh Kumar Khara
Headquarters- Mumbai, Maharashtra
Tagline - The Banker to Every Indian
Founded in- 1st July 1955

37.The Reserve Bank of India(RBI) was established in the year ____________.

1) 1955
2) 1949
3) 1927
4) 1935
5) 1950
Answer- 4) 1935
Explanation:
About Reserve Bank of India(RBI):
Governor– Shaktikanta Das(25th Governor of RBI)
Headquarter– Mumbai, Maharashtra
Established- 1 April, 1935

38. Who is the current (as of July ‘24) Chief Executive Officer(CEO) of NPCI International
Payments Limited (NIPL)?
1) Sanjay Kumar Agarwal
2) Ravi Mital
3) Atul Karwal
4) Ajay Singh
5) Ritesh Shukla
Answer- 5) Ritesh Shukla
Explanation:
About NPCI International Payments Limited (NIPL):
NIPL was established in 2020 to promote the international use of RuPay and UPI.
Chief Executive Officer(CEO) – Ritesh Shukla
Headquarters– Mumbai, Maharashtra

39. Who is the current (as of July ‘24) Chairman and Managing Director (CMD) of REC Limited?
1) Pushp Kumar Joshi
2) Vivek Kumar Dewangan
3) Pradip Kumar Das
4) Rajiv Kumar
5) Dileep Sanghani
Answer- 2) Vivek Kumar Dewangan
Explanation:
About REC Limited:
It is a ‘Maharatna’ company under the administrative control of Ministry of Power (MoP),
Government of India (GoI). It is registered with the Reserve Bank of India (RBI) as a Non-Banking

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Financial Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company
(IFC).
Chairman and Managing Director (CMD) – Vivek Kumar Dewangan
Headquarters- New Delhi, Delhi
Established- 1969

40. Who is the current (as of July ‘24) Managing Director (MD) and Chief Executive Officer
(CEO) of Punjab National Bank (PNB)?
1) Nidhu Saxena
2) Shanti Lal Jain
3) Atul Kumar Goel
4) Ajay Kumar Srivastava
5) Swarup Kumar Saha
Answer- 3) Atul Kumar Goel
Explanation:
About Punjab National Bank (PNB):
Managing Director (MD) and Chief Executive Officer (CEO) – Atul Kumar Goel
Headquarters- New Delhi, Delhi
Tagline- ‘The name you can bank upon’
Founded- 19th May, 1894

41. Where was the headquarters of Deutsche Bank AG situated?

1) Brussels, Belgium
2) London, United Kingdom
3) Frankfurt, Germany
4) Jakarta, Indonesia
5) Paris, France
Answer- 3) Frankfurt, Germany
Explanation:
About Deutsche Bank AG:
Chief Executive Officer (CEO) – Christian Sewing
Headquarters- Frankfurt, Germany
Established- 1870

42. In July 2024, Bharat Bill Payment System (BBPS) announced that _________ (bank) credit card
bill payments are available on BBPS.
1) HDFC Bank
2) Axis Bank
3) IndusInd Bank
4) SBI Card
5) ICICI Bank
Answer- 1) HDFC Bank
Explanation:
Bharat Bill Payment System (BBPS), a platform operated by the National Payments Corporation
of India (NPCI), announced that HDFC Bank credit card bill payments are available on BBPS.

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  This comes after the Reserve Bank of India (RBI) mandated all credit card bill payments via
third-party applications must be routed through the Bharat Bill Payment System.
 As of July 2024, 12 banks are operational on BBPS for credit card bill payments.

43. In Which year, the National Bank for Agriculture and Rural Development (NABARD) was
established?
1) 1982
2) 1995
3) 1974
4) 2001
5) 1978
Answer- 1) 1982
Explanation:
About the National Bank for Agriculture and Rural Development (NABARD):
NABARD was established on 12 July 1982 under an Act of Parliament to promote sustainable and
equitable agriculture and rural development. It is an autonomous institution of the Government of
India (GoI).
Chairman– Shaji Krishnan V
Headquarters– Mumbai, Maharashtra

44. In Which year, the World Economic Forum (WEF) was established?
1) 1984
2) 1971
3) 1968
4) 1995
5) 2004
Answer- 2) 1971
Explanation:
About World Economic Forum (WEF):
Founder- Prof. Klaus Schwab
Managing Director (MD)- Saadia Zahidi
Headquarters- Cologyny, Geneva Canton, Switzerland
Established – 1971

45. Who is the current (as of July ‘24) Managing Director (MD)& Chief Executive Officer (CEO)
of the Kotak Mahindra Bank Limited (KMBL)?
1) Rajneesh Karnatak
2) Nidhu Saxena
3) Matam Venkata Rao
4) Ashok Vaswani
5) Ajay Kumar Srivastava
Answer- 4) Ashok Vaswani

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Explanation:
About Kotak Mahindra Bank Limited (KMBL):
i.It was initially incorporated as ‘Kotak Mahindra Finance Limited’ in 1985 and received banking
licence from the Reserve Bank of India (RBI) in 2003 and was then renamed as “Kotak Mahindra
Bank”.
ii.It became the 1st Non-Banking Financial Company (NBFC) in India to converted into a bank.
Managing Director (MD)& Chief Executive Officer (CEO)- Ashok Vaswani
Headquarters- Mumbai, Maharashtra

46. Which of the following has recently (in July ‘24) imposed a monetary penalty of Rs 2 crore
on Bajaj Finance and Rs 1 crore on Bandhan Life for the violation of regulatory norms?
1) Pension Fund Regulatory and Development Authority
2) Reserve Bank of India
3) Insurance Regulatory and Development Authority of India
4) Securities and Exchange Board of India
5) Financial Intelligence Unit
Answer- 3) Insurance Regulatory and Development Authority of India
Explanation:
In July 2024, Insurance Regulatory and Development Authority of India (IRDAI) has levied a penalty
of Rs 2 crore on Bajaj Finance and Rs 1 crore on Aegon Life Insurance (now known as Bandhan Life)
for the violation of regulatory norms.

47. Which company has recently (in July ‘ 24) launched its Live+ Credit card with a full suite of
new culinary offers to enhance the lifestyle experience of globally-minded customers?
1) Citi and Lloyds Banking Group
2) BNP Paribas
3) Axos Financial
4) HSBC India
5) Capitol Federal Financial
Answer- 4) HSBC India
Explanation:
HSBC India launched an upgraded lifestyle credit card HSBC Live+ Credit card with a full suite of
new culinary offers to enhance the lifestyle experience of globally-minded customers.
 The HSBC Cashback credit card is now HSBC Live+ credit card.
 HSBC Live+ Credit Card provides rewards tailored to lifestyle spending and reflects HSBC’s
focus on providing innovative solutions that help customers earn more rewards while enjoying
quality experiences.

48. Who is the current (as of July ‘24) Managing Director(MD) of the International Finance
Corporation (IFC)?
1) Mirjana Spoljaric Egger
2) Makhtar Diop
3) António Costa
4) Rafael Mariano Grossi
5) Elisabete Weiderpass

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Answer- 2) Makhtar Diop
Explanation:
About International Finance Corporation (IFC):
It is a part of the World Bank Group.
Managing Director(MD)– Makhtar Diop
Headquarters– Washington, D.C., United States of America (USA)
Establishment– 1956

49. According to the _________ (Bank), India and Russia have doubled their payments in national
currencies (rupee-rouble) since 2023, despite sanctions by the United States of America (USA)
and the European Union.
1) Standard Chartered
2) Sberbank
3) Societe Generale
4) Gazprombank
5) Deutsche Bank
Answer- 2) Sberbank
Explanation:
According to the Sberbank, India and Russia have doubled their payments in national currencies
(rupee-rouble) since 2023, despite sanctions by the United States of America (USA) and the European
Union.
 According to Sberbank, the volume of payments processed from January to June 2024 doubled
compared to the same period in 2023.

50. In Which year, the Asian Development Bank (ADB) was established?
1) 1958
2) 1966
3) 1971
4) 1985
5) 1992
Answer- 2) 1966
Explanation:
About the Asian Development Bank (ADB):
ADB was established in 1966 and is owned by 68 members, 49 from the region.
President– Masatsugu Asakawa
Headquarters– Mandaluyong City, Metro Manila, Philippines

51. Who is the current (as of July ‘24) Managing Director (MD) and Chief Executive Officer
(CEO) of the National Securities Depository Limited (NSDL)?
1) Sandeep Bakhshi
2) Sumant Kathpalia
3) Baldev Prakash
4) Padmaja Chundru
5) Nikhil Mohan
Answer- 4) Padmaja Chundru

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Explanation:
About National Securities Depository Limited (NSDL):
It is the 1st depository in India which was established in 1996. The enactment of the Depositories Act,
1996 paved the way for establishment of NSDL in Mumbai, Maharashtra.
Managing Director (MD) and Chief Executive Officer (CEO)- Padmaja Chundru
Headquarters – Mumbai, Maharashtra.

52. Who is the current (as of July ‘24) Managing Director (MD) & Chief Executive Officer (CEO)
of the Brickwork Ratings India Private Limited(BWR)?
1) Anubrata Biswas
2) Anshul Swami
3) Rishi Gupta
4) Ajay Kanwal
5) Alok Kedia
Answer- 5) Alok Kedia
Explanation:
About Brickwork Ratings India Private Limited(BWR):
BWR offers credit rating services for financial instruments such as bank loans, NCDs, commercial
paper, bonds, and securitized paper.
Managing Director (MD) & Chief Executive Officer (CEO)– Alok Kedia
Headquartered– Bengaluru, Karnataka
Establishment– 2007

53. Who is the current(as of July ‘24) Chairperson of the Securities and Exchange Board of India
(SEBI)?
1) Madhabi Puri Buch
2) Manoj Upadhyay
3) Girish Chandr Chaturvedi
4) Pramod Agrawal
5) Deepak Mohanty
Answer- 1) Madhabi Puri Buch
Explanation:
About Securities and Exchange Board of India (SEBI):
SEBI is the regulatory authority for the capital market. It was established as a statutory body in 1992
and the provisions of the SEBI India Act, 1992 (15 of 1992) came into force on January 30, 1992.
Chairperson– Madhabi Puri Buch
Headquarters– Mumbai, Maharashtra

54. Where is the headquarters of the ESAF Small Finance Bank (ESAF SFB) situated?
1) Mumbai, Maharashtra
2) Vadodara, Gujarat
3) Pune, Maharashtra
4) Thrissur, Kerala
5) Chennai, Tamil Nadu
Answer- 4) Thrissur, Kerala

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Explanation:
About ESAF Small Finance Bank (ESAF SFB):
Managing Director (MD) and Chief Executive Officer (CEO) – Kadambelil Paul Thomas
Headquarters- Thrissur, Kerala
Tag line- Joy of Banking
Established- 2017

55. Which bank has recently (in July ‘24) raised Rs 5,000 crore through 10-year infrastructure
bonds at 7.54% interest?
1) Punjab National Bank
2) Bank of Maharashtra
3) Canara Bank
4) Bank of Baroda
5) Bank of India
Answer- 5) Bank of India
Explanation:
In July 2024, the Bank of India(BoI) raised Rs 5,000 crore through 10-year bonds at 7.54% interest,
with a base size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore.
 The funds raised through long-term bonds will be used for funding long-term projects in
infrastructure sub-sectors and affordable housing in accordance with RBI guidelines.
 It has received a total of 127 bids, totaling Rs 15,318 crore. Out of the total, 57 successful
bidders were amounting to Rs 5,000 crore.

56. Who is the current (as of July ‘24) Managing Director (MD) & Chief Executive Officer (CEO)
of the Tata AIA Life Insurance Company Limited (Tata AIA)?
1) Venkatachalam Iyer
2) Rajeev Yadav
3) Shanti Lal Jain
4) Rakesh Sharma
5) Baldev Prakash
Answer- 1) Venkatachalam Iyer
Explanation:
About Tata AIA Life Insurance Company Limited (Tata AIA):
Tata AIA is a Joint Venture (JV) company formed by Tata Sons Private Limited and AIA Group Limited
(AIA).
It was licensed to operate in India on 12 February 2001 and started operations on 1 April 2001.
Managing Director (MD) & Chief Executive Officer (CEO)– Mr. Venkatachalam Iyer
Headquarters– Mumbai, Maharashtra

57. Which country has recently (in July ‘24) launched Asia’s first inverse bitcoin Exchange-
Traded Fund(ETF)?
1) China
2) Japan
3) Hong Kong
4) India

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5) Pakistan
Answer- 3) Hong Kong
Explanation:
In July 2024, Hong Kong launched Asia’s first inverse bitcoin exchange-traded fund(ETF) that allows
investors to bet on a fall in the cryptocurrency.
 Hong Kong's CSOP Asset Management launched the CSOP Bitcoin Futures Daily (-1x) Inverse
Product on the stock exchange.

58. Who is the current (as of July ‘24) Managing Director(MD) and Chief Executive Officer (CEO)
of the Federal Bank Limited?
1) Shyam Srinivasan
2) Rajneesh Karnatak
3) K.Satyanarayana Raju
4) Swarup Kumar Saha
5) Ajay Kumar Srivastava
Answer- 1) Shyam Srinivasan
Explanation:
About Federal Bank Limited:
Managing Director(MD) and Chief Executive Officer (CEO) – Shyam Srinivasan
Headquarters – Aluva, Kerala
Incorporated – April 23, 1931
Tagline – Your Perfect Banking Partner

59. According to GlobalData, India’s card payments market is projected to grow by 11.3% in
2024 to reach __________.
1) Rs 32.5 trillion
2) Rs 28.4 trillion
3) Rs 36.2 trillion
4) Rs 25.8 trillion
5) Rs 31.2 trillion
Answer- 2) Rs 28.4 trillion
Explanation:
In July 2024, India’s card payments market is forecast to grow by 11.3% in 2024 to reach Rs 28.4
trillion (USD 344 billion), according to GlobalData, a data and analytics company.
 This growth is attributed to a rising consumer preference for non-cash payments and
supportive government initiatives aimed at boosting financial inclusion and electronic
payment adoption.

60. Which mutual fund company has recently (in July ‘24) launched India’s first-ever Nifty 500
Multicap 50:25:25 Index?
1) Navi Mutual Fund
2) SBI Mutual Fund
3) UTI Mutual Fund
4) DSP Mutual Fund
5) Axis Mutual Fund

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Answer- 1) Navi Mutual Fund
Explanation:
In July 2024, Navi Mutual Fund launched the Navi Nifty 500 Multicap 50:25:25 Index Fund, India’s
first-ever index fund to track the Nifty 500 Multicap 50:25:25 index.
 The multi-cap index offers investors an opportunity to gain diversified exposure across large,
mid, and small-cap companies in a fixed weight of 50% in large-cap and 25%each in mid and
small-cap segments.
 The allocation helps to mitigate risk by reducing concentration in any single market-cap
category.

61. Who is the current (as of July ‘24) chairman of the Central Board of Direct Taxes (CBDT)?
1) Rajesh Gera
2) Ravi Agrawal
3) Debjani Ghosh
4) Sanjay Kumar Jain
5) Manoj Mittal
Answer- 2) Ravi Agrawal
Explanation:
About the Central Board of Direct Taxes (CBDT):
The CBDT is the apex policy-making body for the IT department and is a part of the Department of
Revenue in the Ministry of Finance (MoF).
It came into effect in 1964, functioning under the Central Board of Revenue Act of 1963.
Chairman– Ravi Agrawal
Headquarters– New Delhi, Delhi

62. Where is the headquarters of the Small Industries Development Bank of India (SIDBI)
situated?
1) New Delhi, Delhi
2) Hyderabad, Telangana
3) Lucknow, Uttar Pradesh
4) Bengaluru, Karnataka
5) Mumbai, Maharashtra
Answer- 3 Lucknow, Uttar Pradesh
Explanation:
About Small Industries Development Bank of India (SIDBI):
Set up on 2nd April 1990 under an Act of Indian Parliament, it acts as the Principal Financial
Institution for Promotion,Financing and Development of MSME sector.
Chairman & Managing Director (CMD)– Sivasubramanian Ramann
Headquarters– Lucknow, Uttar Pradesh (UP)

63. Who is the current (as of July ‘24) Managing Director (MD) of the Bank of Baroda (BOB)?
1) Debadatta Chand
2) Pralay Mondal
3) Sashidhar Jagdishan
4) Sumant Kathpalia

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5) Baldev Prakash
Answer- 1) Debadatta Chand
Explanation:
About Bank of Baroda (BOB):
Chairman- Hasmukh Adhia
Managing Director (MD)-Debadatta Chand
Headquarters- Vadodara, Gujarat
Tagline- “India’s International Bank”
Established- 1908

64. Who has been recently (in July ‘24) banned from accessing securities markets by the
Securities and Exchange Board of India (Sebi) for three years?
1) Subrata Roy
2) Mehul Choksi
3) Nirav Modi
4) Vijay Mallya
5) Ramalinga Raju
Answer- 4) Vijay Mallya
Explanation:
In July 2024, the Securities and Exchange Board of India (Sebi) imposed a three-year ban on Vijay
Mallya from accessing securities markets.
 The action follows findings that Mallya routed funds into the Indian securities market through
complex transactions designed to mask his identity.

65. In July 2024, the Indian forex reserves reached an all-time high of _________.
1) USD 685.349 billion
2) USD 679.514 billion
3) USD 666.854 billion
4) USD 657.155 billion
5) USD 691.457 billion
Answer- 3) USD 666.854 billion
Explanation:
In the second week of July 2024, India’s forex reserves jumped by USD 9.699 billion to an all-time high
of USD 666.854 billion, according to the Reserve Bank of India(RBI).

66. Who has been recently (in July’ 24) appointed as the Chairman and Managing Director
(CMD) of the Small Industries Development Bank of India (SIDBI)?
1) Pralay Mondal
2) Atul Kumar Goel
3) Sumant Kathpalia
4) Baldev Prakash
5) Manoj Mittal
Answer- 5) Manoj Mittal

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Explanation:
Manoj Mittal has taken over as Chairman and Managing Director (CMD) of the Small Industries
Development Bank of India (SIDBI), following his nomination by the Centre.
 Prior to this, Mittal was the Managing Director (MD) of the Industrial Finance Corporation of
India.
 Mittal has over 33 years of experience in the financial services sector, having previously served
as MD and CEO of IFCI and Deputy Managing Director of SIDBI.

67. Which regulatory authorities are the depositories registered with in India?
1) Reserve Bank of India (RBI)
2) Insurance Regulatory and Development Authority (IRDAI)
3) Securities and Exchange Board of India (SEBI)
4) National Stock Exchange (NSE)
5) Ministry of Finance
Answer- 3) Securities and Exchange Board of India (SEBI)
Explanation:
The depository participants (DPs) are registered with the two depositories in India, namely the
National Securities Depository Limited (NSDL) and the Central Depository Services Limited (CDSL).
Both NSDL and CDSL are regulated by the Securities and Exchange Board of India (SEBI).

68. In Which year, the ‘ Insurance Regulatory and Development Authority of India (IRDAI)’ was
established?
1) 2001
2) 1999
3) 1989
4) 1976
5) 1982
Answer- 2) 1999
Explanation:
Explanation:
About the Insurance Regulatory and Development Authority of India (IRDAI):
Chairman– Debasish Panda
Headquarters– Hyderabad, Telangana
Founded – 1999

69. Where is the headquarters of RBL Bank located?

1) New Delhi, Delhi
2) Vadodara, Gujarat
3) Kolkata, West Bengal
4) Mumbai, Maharashtra
5) Mangaluru, Karnataka
Answer- 4) Mumbai, Maharashtra
Explanation:
About the RBL Bank:
The RBL Bank was founded in the pre-independence era in 1943.

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Managing Director (MD) & Chief Executive Officer (CEO)- R Subramaniakumar
Headquarters– Mumbai, Maharashtra
Tagline– Apno Ka Bank

70. Who is the current (As of July ‘24) Chief Executive Officer (CEO) of Ola Financial Services
Private Limited (OFS)?
1) Prashant Kumar
2) Sashidhar Jagdishan
3) Ankush Aggarwal
4) Swarup Kumar Saha
5) Atul Kumar Goel
Answer- 3) Ankush Aggarwal
Explanation:
About Ola Financial Services Private Limited (OFS):
Chief Executive Officer (CEO) – Ankush Aggarwal
Headquarters – Bengaluru, Karnataka
Incorporated – 24 February, 2007

71. Where is the headquarters of the Manappuram Finance Limited (MAFIL) situated?
1) New Delhi, Delhi
2) Chennai, Tamil Nadu
3) Mumbai, Maharashtra
4) Thrissur, Kerala
5) Bengaluru, Karnataka
Answer- 4) Thrissur, Kerala
Explanation:
About Manappuram Finance Limited (MAFIL):
Managing Director(MD) & Chief Executive Officer (CEO) – V.P. Nandakumar
Headquarters – Thrissur, Kerala
Incorporated – 1992

72. Which bank has recently (in July’ 24) launched a comprehensive package of initiatives to
address urgent poverty and hunger?
1) Japan International Cooperation Agency
2) Asian Development Bank
3) New Development Bank
4) European Investment Bank
5) World Bank Group
Answer- 5) World Bank Group
Explanation:
The World Bank Group has launched a comprehensive package of initiatives to address urgent
poverty and hunger, and enable vulnerable people to increase earnings, enhance resilience against
climate shocks, and promote empowerment for women and girls.

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  An ambitious plan to scale up social protection programs, working alongside partners to
support at least 500 million people in developing countries by 2030—aiming for half of those
to be women and girls.
 The Bank Group will be the lead knowledge partner for the G20 Global Alliance Against
Hunger and Poverty, established by Brazil.
 New diagnostics that will provide country-by-country insights on hunger, poverty, and social
protection coverage so governments can make informed decisions.
 As part of the initiative, the International Development Association (IDA), the Bank’s fund for
those most in need, will make financing available for countries to use on policies that respond
to hunger and poverty.

73. Who has been recently (in July ‘24) appointed as the Managing Director (MD) of the
Cholamandalam Investment & Finance Company Limited (CIFCL)?
1) Sanjeev Nautiyal
2) Govind Singh
3) Ravindra Kumar Kundu
4) Atul Karwal
5) Ajay Kanwal
Answer- 3) Ravindra Kumar Kundu
Explanation:
In July 2024, Ravindra Kumar Kundu was appointed as the Managing Director (MD) of the
Cholamandalam Investment & Finance Company Limited (CIFCL).
 He was appointed for a period of five years, effective from 7th October 2024.

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