Business, Economy & Banking MCQs
Q 1.Gevra mine, recently seen in the news, is located in which state?
Answer: Correct Answer:A [Chhattisgarh]
Notes: As of March 2024, the Gevra mine in Chhattisgarh, India, is set to become the largest coal mine in Asia. The mine is a subsidiary of Coal India, which is part of the South Eastern Coalfield Limited (SECL). In March 2024, the mine received environmental clearance to increase its production capacity from 52.5 million tons per year to 70 million tons per year. The mine also has first-mile connectivity, including a conveyer belt, silos, and a rapid loading system for eco-friendly coal evacuation.
Notes: As of March 2024, the Gevra mine in Chhattisgarh, India, is set to become the largest coal mine in Asia. The mine is a subsidiary of Coal India, which is part of the South Eastern Coalfield Limited (SECL). In March 2024, the mine received environmental clearance to increase its production capacity from 52.5 million tons per year to 70 million tons per year. The mine also has first-mile connectivity, including a conveyer belt, silos, and a rapid loading system for eco-friendly coal evacuation.
Q 2.India has successfully brought down the extreme rate of poverty below what percent of its population, according to ‘World Poverty Clock’?
Answer: Correct Answer:A [3 %]
Notes: India has successfully reduced extreme poverty, with under 3% of its population living below the poverty line, in accordance with the UN’s Sustainable Development Goal. Recent data from the World Poverty Clock, supported by organizations such as IFAD and Germany’s Federal Ministry for Economic Cooperation and Development, highlights India’s significant strides towards ending extreme poverty, a key global objective set for achievement by 2030.
Notes: India has successfully reduced extreme poverty, with under 3% of its population living below the poverty line, in accordance with the UN’s Sustainable Development Goal. Recent data from the World Poverty Clock, supported by organizations such as IFAD and Germany’s Federal Ministry for Economic Cooperation and Development, highlights India’s significant strides towards ending extreme poverty, a key global objective set for achievement by 2030.
Q 3.Presently, which country has emerged as the world’s second-largest producer of mobile phones?
Answer: Correct Answer:A [India]
Notes: By 2024, India has become the world’s second-largest mobile phone producer, shifting from 78% import-dependency in 2014 to 97% self-sufficiency. A mere 3% of total mobile phones sold are now imported, marking a significant transformation in the sector. This achievement underscores India’s remarkable growth in the electronics manufacturing ecosystem over the past decade.
Notes: By 2024, India has become the world’s second-largest mobile phone producer, shifting from 78% import-dependency in 2014 to 97% self-sufficiency. A mere 3% of total mobile phones sold are now imported, marking a significant transformation in the sector. This achievement underscores India’s remarkable growth in the electronics manufacturing ecosystem over the past decade.
Q 4.Which institute recently developed a method to extract valuable components from bauxite residue, promoting sustainability and circular economy?
Answer: Correct Answer:A [IIT Madras]
Notes: Researchers at IIT Madras devised a method utilizing phosphoric acid to treat bauxite residue, commonly known as Red Mud. This process extracts valuable materials, including ceramics with notable dielectric and optical properties, suitable for electronic components and energy storage. Red Mud, a byproduct of aluminum production, harbors toxic heavy metals like arsenic, lead, and mercury. Its corrosive nature and high alkalinity pose significant threats to soil and ecosystems.
Notes: Researchers at IIT Madras devised a method utilizing phosphoric acid to treat bauxite residue, commonly known as Red Mud. This process extracts valuable materials, including ceramics with notable dielectric and optical properties, suitable for electronic components and energy storage. Red Mud, a byproduct of aluminum production, harbors toxic heavy metals like arsenic, lead, and mercury. Its corrosive nature and high alkalinity pose significant threats to soil and ecosystems.
Q 5.What is ‘KKL(R) 3’, recently seen in the news?
Answer: Correct Answer:A [Salt tolerant paddy variety ]
Notes: Pandit Jawaharlal Nehru College of Agriculture and Research Institute (PAJANCOA & RI) introduces KKL(R)3, its third paddy variety. Developed to address water scarcity during the kuruvai season, KKL(R)3 is salt tolerant, crucial for delta regions facing saline water issues. It matures in 110-115 days, tailored for the coastal delta region. Yielding 3,435-3,500 kg/ha in salt-affected areas and 6,420 kg/ha under normal conditions, it offers a solution to farmers’ challenges.
Notes: Pandit Jawaharlal Nehru College of Agriculture and Research Institute (PAJANCOA & RI) introduces KKL(R)3, its third paddy variety. Developed to address water scarcity during the kuruvai season, KKL(R)3 is salt tolerant, crucial for delta regions facing saline water issues. It matures in 110-115 days, tailored for the coastal delta region. Yielding 3,435-3,500 kg/ha in salt-affected areas and 6,420 kg/ha under normal conditions, it offers a solution to farmers’ challenges.
Q 6.According to the Brand Finance 2024 report, which is the world’s strongest insurance brand?
Answer: Correct Answer:B [Life Insurance Corporation of India]
Notes: In the 2024 Brand Finance Insurance 100 report, Life Insurance Corporation of India (LIC) maintains its global dominance, solidifying its position as the strongest insurance brand with a stable brand value of Rs 816 billion. Cathay Life Insurance follows closely. Meanwhile, Chinese insurers like Ping An, China Life Insurance, and CPIC assert their dominance, with Ping An leading the pack with a significant increase in brand value to Rs 2799 billion, showcasing China’s influence on the international insurance landscape.
Notes: In the 2024 Brand Finance Insurance 100 report, Life Insurance Corporation of India (LIC) maintains its global dominance, solidifying its position as the strongest insurance brand with a stable brand value of Rs 816 billion. Cathay Life Insurance follows closely. Meanwhile, Chinese insurers like Ping An, China Life Insurance, and CPIC assert their dominance, with Ping An leading the pack with a significant increase in brand value to Rs 2799 billion, showcasing China’s influence on the international insurance landscape.
Q 7.Tantalum, a rare metal, was recently discovered in which river?
Answer: Correct Answer:B [Sutlej]
Notes: Traces of tantalum, a rare metal crucial in electronics, were found in the Sutlej river by Indian Institute of Technology, Punjab researchers. Tantalum is vital for capacitors and resistors in devices like smartphones and laptops. Its discovery hints at untapped mineral wealth beneath the riverbed, sparking interest in further exploration. Tantalum’s unique properties make it valuable, potentially impacting various industries and the local economy. Further surveys are needed to assess the extent of the deposits.
Notes: Traces of tantalum, a rare metal crucial in electronics, were found in the Sutlej river by Indian Institute of Technology, Punjab researchers. Tantalum is vital for capacitors and resistors in devices like smartphones and laptops. Its discovery hints at untapped mineral wealth beneath the riverbed, sparking interest in further exploration. Tantalum’s unique properties make it valuable, potentially impacting various industries and the local economy. Further surveys are needed to assess the extent of the deposits.
Q 8.Which organization has recently released the 2023-24 lists of Domestic Systemically Important Insurers (D-Slls)?
Answer: Correct Answer:D [Insurance Regulatory and Development Authority of India ]
Notes: The Insurance Regulatory and Development Authority of India (IRDAI) has released the 2023-24 list of Domestic Systemically Important Insurers (D-SIIs), including Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance Company. D-SIIs are vital insurers with potential to cause significant financial system disruption if they fail, often perceived as “too big to fail”. IRDAI oversees the insurance sector, aiming to mitigate systemic risks and moral hazards.
Notes: The Insurance Regulatory and Development Authority of India (IRDAI) has released the 2023-24 list of Domestic Systemically Important Insurers (D-SIIs), including Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance Company. D-SIIs are vital insurers with potential to cause significant financial system disruption if they fail, often perceived as “too big to fail”. IRDAI oversees the insurance sector, aiming to mitigate systemic risks and moral hazards.
Q 9.Recently, which institution established the Digital India Trust Agency (DIGITA) as a new tool to combat cybercrime?
Answer: Correct Answer:A [RBI]
Notes: The Reserve Bank of India (RBI) plans to establish the Digital India Trust Agency (DIGITA) to counter cybercrime, focusing on legal app approval and curbing illegal loan apps. DIGITA aims to centralize verification of digital lending apps, ensuring compliance with RBI regulations. Unverified apps may face penalties and law enforcement action. Maintaining a public list of approved apps, DIGITA enhances consumer protection and aids in combating financial crimes in the digital lending sector.
Notes: The Reserve Bank of India (RBI) plans to establish the Digital India Trust Agency (DIGITA) to counter cybercrime, focusing on legal app approval and curbing illegal loan apps. DIGITA aims to centralize verification of digital lending apps, ensuring compliance with RBI regulations. Unverified apps may face penalties and law enforcement action. Maintaining a public list of approved apps, DIGITA enhances consumer protection and aids in combating financial crimes in the digital lending sector.
Q 10.Recently, what target has the India set for the export of marine products in 2023-24?
Answer: Correct Answer:A [$9.1 billion]
Notes: India aims to boost marine product exports to $12 billion in two years through increased processing capacity and higher-value products. In 2022-23, exports totaled $8.09 billion. However, from April to February 2023-24, exports dipped 7.5% to $6.8 billion, largely due to decreased exports to the US and Europe. The government targets $9.1 billion in exports for 2023-24. India ranks third in fish production globally and second in aquaculture.
Notes: India aims to boost marine product exports to $12 billion in two years through increased processing capacity and higher-value products. In 2022-23, exports totaled $8.09 billion. However, from April to February 2023-24, exports dipped 7.5% to $6.8 billion, largely due to decreased exports to the US and Europe. The government targets $9.1 billion in exports for 2023-24. India ranks third in fish production globally and second in aquaculture.
Q 11.What is the primary objective of Smart Meter National Programme (SMNP), recently seen in the news?
Answer: Correct Answer:A [To replace India’s 25 crore conventional meters with smart meters]
Notes: Kerala’s decision to opt for an alternative approach to smart electricity meters undermines government’s Rs 3 lakh crore smart meters project. Smart meters record electricity usage and voltage levels, aiming to enhance billing and collection efficiencies for distribution companies. The Smart Meter National Programme (SMNP) seeks to replace 25 crore conventional meters with smart ones across India. Energy Efficiency Services Limited (EESL), a joint venture under the Ministry of Power, leads the implementation.
Notes: Kerala’s decision to opt for an alternative approach to smart electricity meters undermines government’s Rs 3 lakh crore smart meters project. Smart meters record electricity usage and voltage levels, aiming to enhance billing and collection efficiencies for distribution companies. The Smart Meter National Programme (SMNP) seeks to replace 25 crore conventional meters with smart ones across India. Energy Efficiency Services Limited (EESL), a joint venture under the Ministry of Power, leads the implementation.
Q 12.NHPC, India’s largest hydropower utility, recently secured a loan from which country for renewable projects in Bikaner, Rajasthan?
Answer: Correct Answer:A [Japan]
Notes: NHPC Limited, India’s largest hydropower utility, secured a JPY 20.00 billion loan from Japan Bank for International Cooperation (JBIC) for renewable energy projects. This includes a 300 MW solar project in Bikaner under the CPSU 1000 MW Scheme. JBIC’s GREEN Operations program supports environmental preservation. The loan, facilitated by MUFG Bank Ltd Japan and Bank of Yokohama Ltd Japan, marks NHPC’s first foray into JBIC financing for renewables. The Bikaner Solar Project aligns with India’s aim for Net Zero emissions by 2070.
Notes: NHPC Limited, India’s largest hydropower utility, secured a JPY 20.00 billion loan from Japan Bank for International Cooperation (JBIC) for renewable energy projects. This includes a 300 MW solar project in Bikaner under the CPSU 1000 MW Scheme. JBIC’s GREEN Operations program supports environmental preservation. The loan, facilitated by MUFG Bank Ltd Japan and Bank of Yokohama Ltd Japan, marks NHPC’s first foray into JBIC financing for renewables. The Bikaner Solar Project aligns with India’s aim for Net Zero emissions by 2070.
Q 13.Which organization has recently released the 2023-24 lists of Domestic Systemically Important Insurers (D-Slls)?
Answer: Correct Answer:D [Insurance Regulatory and Development Authority of India ]
Notes: The Insurance Regulatory and Development Authority of India (IRDAI) has released the 2023-24 list of Domestic Systemically Important Insurers (D-SIIs), including Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance Company. D-SIIs are vital insurers with potential to cause significant financial system disruption if they fail, often perceived as “too big to fail”. IRDAI oversees the insurance sector, aiming to mitigate systemic risks and moral hazards.
Notes: The Insurance Regulatory and Development Authority of India (IRDAI) has released the 2023-24 list of Domestic Systemically Important Insurers (D-SIIs), including Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance Company. D-SIIs are vital insurers with potential to cause significant financial system disruption if they fail, often perceived as “too big to fail”. IRDAI oversees the insurance sector, aiming to mitigate systemic risks and moral hazards.
Q 14.What is the rank of India’s ‘GeM portal’ as an e-commerce platform in the world?
Answer: Correct Answer:C [Third]
Notes: India’s Government e-Market (GeM) portal ranks as the world’s third-largest e-commerce platform for public procurement. GeM’s CEO PK Singh reported a gross merchandise value (GMV) exceeding Rs 4 lakh crore, doubling from the previous fiscal year. Launched in 2016, GeM facilitates transactions between government institutions and vendors, driving digital inclusion. The platform recorded Rs 2.01 lakh crore in orders for the last fiscal year, showcasing its significant growth trajectory.
Notes: India’s Government e-Market (GeM) portal ranks as the world’s third-largest e-commerce platform for public procurement. GeM’s CEO PK Singh reported a gross merchandise value (GMV) exceeding Rs 4 lakh crore, doubling from the previous fiscal year. Launched in 2016, GeM facilitates transactions between government institutions and vendors, driving digital inclusion. The platform recorded Rs 2.01 lakh crore in orders for the last fiscal year, showcasing its significant growth trajectory.
Q 15.Recently, SJVN Limited has recently signed an agreement with which institute to improve performance of tunneling projects?
Answer: Correct Answer:A [IIT Patna]
Notes: SJVN Limited has partnered with IIT Patna to enhance tunnelling projects using advanced geological models. The agreement, signed in New Delhi on April 2, 2024, aims to develop predictive analytics algorithms for early risk detection, reducing time and cost. The priority lies in integrating diverse geotechnical data sources and evaluating overburden-deformation relationships. This strategic collaboration underscores both entities’ commitment to sustainable development and technological innovation in infrastructure projects.
Notes: SJVN Limited has partnered with IIT Patna to enhance tunnelling projects using advanced geological models. The agreement, signed in New Delhi on April 2, 2024, aims to develop predictive analytics algorithms for early risk detection, reducing time and cost. The priority lies in integrating diverse geotechnical data sources and evaluating overburden-deformation relationships. This strategic collaboration underscores both entities’ commitment to sustainable development and technological innovation in infrastructure projects.
Q 16.India is planning to create its first privately managed Strategic Petroleum Reserve (SPR) by which year?
Answer: Correct Answer:D [2029-30]
Notes: India aims to establish its inaugural privately managed Strategic Petroleum Reserve (SPR) by 2029-30, allowing trading rights to the operator. As the world’s third-largest oil importer and consumer, India prioritizes stable petroleum supply. Presently, it has three operational SPRs with a combined capacity of 5.33 MMT. To bolster energy security, India plans two new facilities in Karnataka and Odisha, with private companies permitted to trade 100% of stored oil in a public-private partnership model, enhancing SPR capacity and financing.
Notes: India aims to establish its inaugural privately managed Strategic Petroleum Reserve (SPR) by 2029-30, allowing trading rights to the operator. As the world’s third-largest oil importer and consumer, India prioritizes stable petroleum supply. Presently, it has three operational SPRs with a combined capacity of 5.33 MMT. To bolster energy security, India plans two new facilities in Karnataka and Odisha, with private companies permitted to trade 100% of stored oil in a public-private partnership model, enhancing SPR capacity and financing.
Q 17.Recently, which country has overtaken India as the primary importer of Russian crude oil through sea routes?
Answer: Correct Answer:A [China]
Notes: According to a report from energy cargo tracker Vortexa, China has overtaken India as the primary importer of Russian crude oil through sea routes, importing 1.82 million barrels per day (bpd) in March 2024, compared to India’s 1.36 million bpd. This shift is attributed to India’s slowdown in imports due to sanctions and rising prices. Before the Ukraine conflict, Russian oil accounted for only 2% of India’s total oil imports in fiscal year 2021-22. However, post-invasion, Russia climbed to the top, driven by substantial discounts on oil prices.
Notes: According to a report from energy cargo tracker Vortexa, China has overtaken India as the primary importer of Russian crude oil through sea routes, importing 1.82 million barrels per day (bpd) in March 2024, compared to India’s 1.36 million bpd. This shift is attributed to India’s slowdown in imports due to sanctions and rising prices. Before the Ukraine conflict, Russian oil accounted for only 2% of India’s total oil imports in fiscal year 2021-22. However, post-invasion, Russia climbed to the top, driven by substantial discounts on oil prices.
Q 18.Recently, India has signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA) with which country?
Answer: Correct Answer:D [Mauritius]
Notes: India and Mauritius recently amended their Double Taxation Avoidance Agreement (DTAA) to combat tax evasion and avoidance. The revision covers all incomes including capital gains and dividends. It introduces the Principal Purpose Test (PPT) to prevent misuse of treaty benefits like reduced withholding taxes. The preamble now emphasizes eliminating double taxation without enabling tax evasion. The amendment impacts cross-border investments via Mauritius, requiring consideration of BEPS MLI implications. However, it doesn’t address the status of past investments.
Notes: India and Mauritius recently amended their Double Taxation Avoidance Agreement (DTAA) to combat tax evasion and avoidance. The revision covers all incomes including capital gains and dividends. It introduces the Principal Purpose Test (PPT) to prevent misuse of treaty benefits like reduced withholding taxes. The preamble now emphasizes eliminating double taxation without enabling tax evasion. The amendment impacts cross-border investments via Mauritius, requiring consideration of BEPS MLI implications. However, it doesn’t address the status of past investments.
Q 19.According to UNCTAD report, what is the estimated growth rate of India’s economy in 2024?
Answer: Correct Answer:C [6.5%]
Notes: The United Nations Conference on Trade and Development (UNCTAD) forecasts India’s economy to grow at 6.5% in 2024, following a 6.7% growth in 2023. India maintains its status as the world’s fastest-growing major economy. Multinational companies are expanding manufacturing operations in India to diversify supply chains, aiming to boost exports. Growth in 2023 was driven by public capital investment and service sector expansion, as per the UNCTAD report.
Notes: The United Nations Conference on Trade and Development (UNCTAD) forecasts India’s economy to grow at 6.5% in 2024, following a 6.7% growth in 2023. India maintains its status as the world’s fastest-growing major economy. Multinational companies are expanding manufacturing operations in India to diversify supply chains, aiming to boost exports. Growth in 2023 was driven by public capital investment and service sector expansion, as per the UNCTAD report.
Q 20.Khanij Bidesh India Limited (KABIL) recently signed an MoU with which institution for advancing geophysical investigations in critical and strategic minerals sector?
Answer: Correct Answer:A [CSIR-NGRI]
Notes: Khanij Bidesh India Limited (KABIL) partnered with the Council of Scientific and Industrial Research – National Geophysical Research Institute to enhance geophysical investigations for its strategic mineral projects. Established in 2019 by NALCO, HCL, and MECL, KABIL aims to identify and utilize critical minerals like Lithium and Cobalt. It collaborates with mineral-rich nations like Australia to secure resources for India’s industrial needs, under the oversight of the Ministry of Mines.
Notes: Khanij Bidesh India Limited (KABIL) partnered with the Council of Scientific and Industrial Research – National Geophysical Research Institute to enhance geophysical investigations for its strategic mineral projects. Established in 2019 by NALCO, HCL, and MECL, KABIL aims to identify and utilize critical minerals like Lithium and Cobalt. It collaborates with mineral-rich nations like Australia to secure resources for India’s industrial needs, under the oversight of the Ministry of Mines.
Q 21.Recently, which country has become India’s largest trading partner, surpassing the US in FY24?
Answer: Correct Answer:B [China]
Notes: According to the Global Trade Research Initiative (GTRI) report, China overtakes the US as India’s primary trading partner, reaching $118.4 billion in bilateral trade in FY 24. India’s reliance on China is evident, particularly in critical sectors like telecom, smartphones, and pharmaceuticals. Telecom and smartphone parts constitute 44% of imports, with China supplying 75% of lithium-ion batteries for EVs. This shift highlights China’s increasing economic influence on India and underscores the need for diversified trade strategies.
Notes: According to the Global Trade Research Initiative (GTRI) report, China overtakes the US as India’s primary trading partner, reaching $118.4 billion in bilateral trade in FY 24. India’s reliance on China is evident, particularly in critical sectors like telecom, smartphones, and pharmaceuticals. Telecom and smartphone parts constitute 44% of imports, with China supplying 75% of lithium-ion batteries for EVs. This shift highlights China’s increasing economic influence on India and underscores the need for diversified trade strategies.
Q 22.According to data released by Tea Board of India (TBI), tea production across the tea estates of Assam and Bengal may fall by what percent?
Answer: Correct Answer:B [50%]
Notes: Tea production in Assam and West Bengal could drop by 50% per TBI data. The Tea Board of India (TBI), established in 1954 under the Tea Act, 1953, operates under the Ministry of Commerce with headquarters in Kolkata. It boasts overseas offices in London, Dubai, and Moscow. With 31 members, including the Chairman, it’s reconstituted every three years. Major tea-growing regions include Assam, West Bengal, Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Tripura, and Himachal Pradesh.
Notes: Tea production in Assam and West Bengal could drop by 50% per TBI data. The Tea Board of India (TBI), established in 1954 under the Tea Act, 1953, operates under the Ministry of Commerce with headquarters in Kolkata. It boasts overseas offices in London, Dubai, and Moscow. With 31 members, including the Chairman, it’s reconstituted every three years. Major tea-growing regions include Assam, West Bengal, Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Tripura, and Himachal Pradesh.
Q 23.Business Responsibility and Sustainability Reporting (BRSR) initiative, recently seen in the news, has been introduced by which organization?
Answer: Correct Answer:A [SEBI]
Notes: Delhi- based think tank Centre for Science and Environment (CSE) praised SEBI’s Business Responsibility and Sustainability Reporting (BRSR) initiative. Introduced in May 2021, BRSR mandates the top 1000 listed companies to disclose their performance on environmental, social, and governance (ESG) aspects. This aims to showcase their commitment to responsible business practices and provides policymakers and investors with crucial data for informed decision-making.
Notes: Delhi- based think tank Centre for Science and Environment (CSE) praised SEBI’s Business Responsibility and Sustainability Reporting (BRSR) initiative. Introduced in May 2021, BRSR mandates the top 1000 listed companies to disclose their performance on environmental, social, and governance (ESG) aspects. This aims to showcase their commitment to responsible business practices and provides policymakers and investors with crucial data for informed decision-making.
Q 24.Pravaah Portal, recently seen in the news, is launched by which institution?
Answer: Correct Answer:A [RBI]
Notes: RBI Governor unveiled three major initiatives: Pravaah portal, Retail Direct Mobile App, and a FinTech Repository. Pravaah is a secure web-based portal for seeking authorizations, licenses, and regulatory approvals from the RBI. Key features include online application submission, status tracking, query responses, and timely decisions. It enhances the efficiency of regulatory processes, with 60 application forms available, including a general-purpose form for various requests.
Notes: RBI Governor unveiled three major initiatives: Pravaah portal, Retail Direct Mobile App, and a FinTech Repository. Pravaah is a secure web-based portal for seeking authorizations, licenses, and regulatory approvals from the RBI. Key features include online application submission, status tracking, query responses, and timely decisions. It enhances the efficiency of regulatory processes, with 60 application forms available, including a general-purpose form for various requests.
Q 25.How much sovereign loan has been sanctioned by the Asian Development Bank (ADB) to India in the year 2023?
Answer: Correct Answer:B [$2.6 billion]
Notes: The Asian Development Bank (ADB) sanctioned $2.6 billion in sovereign lending to India in 2023. The loan will fund urban development, power sector promotion, industrial corridor development, horticulture support, connectivity enhancement, and climate resilience building. Sovereign loans are given to the Indian government for various projects across states. ADB aims to drive India’s structural transformation, job creation, infrastructure development, green growth, and social inclusiveness, including funding for the Visakhapatnam–Chennai Industrial Corridor.
Notes: The Asian Development Bank (ADB) sanctioned $2.6 billion in sovereign lending to India in 2023. The loan will fund urban development, power sector promotion, industrial corridor development, horticulture support, connectivity enhancement, and climate resilience building. Sovereign loans are given to the Indian government for various projects across states. ADB aims to drive India’s structural transformation, job creation, infrastructure development, green growth, and social inclusiveness, including funding for the Visakhapatnam–Chennai Industrial Corridor.
Q 26.According to the provisional estimate of the National Statistical Organisation (NSO), what was the growth rate of Indian economy in 2023-24?
Answer: Correct Answer:B [8.2%]
Notes: According to the National Statistical Organisation (NSO), India’s GDP grew by 8.2% in FY 2023-24, surpassing the Reserve Bank of India’s estimate of 7.6%. This marks the ninth time since 1960-61 that GDP growth exceeded 8%. The high growth rate was driven by a strong performance in Q4 (January-March 2024), with a 7.8% increase compared to the same period in 2023.
Notes: According to the National Statistical Organisation (NSO), India’s GDP grew by 8.2% in FY 2023-24, surpassing the Reserve Bank of India’s estimate of 7.6%. This marks the ninth time since 1960-61 that GDP growth exceeded 8%. The high growth rate was driven by a strong performance in Q4 (January-March 2024), with a 7.8% increase compared to the same period in 2023.
Q 27.Recently, which organization has launched the ‘Bank Clinic’ initiative to assist bank customers with grievance redressal?
Answer: Correct Answer:A [All India Bank Employees’ Association (AIBEA)]
Notes: The All India Bank Employees’ Association (AIBEA) has launched “Bank Clinic” to aid bank customers with grievance redressal. This advisory platform guides customers on remedies per RBI guidelines, serving as an additional channel alongside the Banking Ombudsman process. It aims to support customers amid rapid technological expansion and evolving RBI guidelines on retail banking.
Notes: The All India Bank Employees’ Association (AIBEA) has launched “Bank Clinic” to aid bank customers with grievance redressal. This advisory platform guides customers on remedies per RBI guidelines, serving as an additional channel alongside the Banking Ombudsman process. It aims to support customers amid rapid technological expansion and evolving RBI guidelines on retail banking.
Q 28.Recently, which two organizations have jointly developed a “Unified India Organic” logo to replace the India Organic and Jaivik Bharat logos?
Answer: Correct Answer:B [FSSAI and APEDA]
Notes: FSSAI and APEDA collaborated to create the Unified India Organic logo, replacing India Organic and Jaivik Bharat logos. India Organic denotes NPOP compliance, while Jaivik Bharat was for FSSAI-certified organics. The new logo aims for uniformity in organic product regulations. It distinguishes organic from non-organic, signifying adherence to National Standards for Organic Production, enhancing consumer trust and market clarity in India’s organic sector.
Notes: FSSAI and APEDA collaborated to create the Unified India Organic logo, replacing India Organic and Jaivik Bharat logos. India Organic denotes NPOP compliance, while Jaivik Bharat was for FSSAI-certified organics. The new logo aims for uniformity in organic product regulations. It distinguishes organic from non-organic, signifying adherence to National Standards for Organic Production, enhancing consumer trust and market clarity in India’s organic sector.
Q 29.Recently, which organization introduced the ‘New Framework for Unaffected Price’?
Answer: Correct Answer:C [SEBI]
Notes: SEBI introduced a framework based on the “unaffected price” to mitigate the impact of market rumours on stock prices. The framework, implemented in phases starting June 1 for the top 100 entities and December 1 for the top 250, aims to maintain a fair price by excluding undue influence from rumours. This enhances market integrity, transparency, and investor confidence while reducing speculative activity.
Notes: SEBI introduced a framework based on the “unaffected price” to mitigate the impact of market rumours on stock prices. The framework, implemented in phases starting June 1 for the top 100 entities and December 1 for the top 250, aims to maintain a fair price by excluding undue influence from rumours. This enhances market integrity, transparency, and investor confidence while reducing speculative activity.
Q 30.Which organization recently released ‘Global Economic Prospects’ report?
Answer: Correct Answer:A [World Bank]
Notes: The World Bank’s June 2024 Global Economic Prospects report revised India’s GDP growth forecast for 2024-25 to 6.6%, up from 6.4% in January. India is projected to remain the fastest-growing major economy in 2024-25. For 2025-26, the forecast increased to 6.7% from 6.5%. India’s economy grew by 8.2% in 2023-24, per the NSO. The Reserve Bank of India raised its 2024-25 forecast to 7.2%.
Notes: The World Bank’s June 2024 Global Economic Prospects report revised India’s GDP growth forecast for 2024-25 to 6.6%, up from 6.4% in January. India is projected to remain the fastest-growing major economy in 2024-25. For 2025-26, the forecast increased to 6.7% from 6.5%. India’s economy grew by 8.2% in 2023-24, per the NSO. The Reserve Bank of India raised its 2024-25 forecast to 7.2%.
Q 31.What is “sticky inflation”, recently seen in news?
Answer: Correct Answer:C [A phenomenon where prices do not adjust quickly to changes in supply and demand]
Notes: In its recent review, the RBI maintained the repo rate unchanged for the eighth consecutive time, citing concerns over sticky inflation. Sticky inflation describes prices that don’t adjust promptly to supply and demand shifts, resulting in persistent inflation. Factors like rising wages and consumer prices drive this phenomenon, prompting monetary authorities to consider tightening policy and increasing interest rates to address it.
Notes: In its recent review, the RBI maintained the repo rate unchanged for the eighth consecutive time, citing concerns over sticky inflation. Sticky inflation describes prices that don’t adjust promptly to supply and demand shifts, resulting in persistent inflation. Factors like rising wages and consumer prices drive this phenomenon, prompting monetary authorities to consider tightening policy and increasing interest rates to address it.
Q 32.Which organization recently released ‘Global Economic Prospects’ report?
Answer: Correct Answer:A [World Bank]
Notes: The World Bank’s June 2024 Global Economic Prospects report revised India’s GDP growth forecast for 2024-25 to 6.6%, up from 6.4% in January. India is projected to remain the fastest-growing major economy in 2024-25. For 2025-26, the forecast increased to 6.7% from 6.5%. India’s economy grew by 8.2% in 2023-24, per the NSO. The Reserve Bank of India raised its 2024-25 forecast to 7.2%.
Notes: The World Bank’s June 2024 Global Economic Prospects report revised India’s GDP growth forecast for 2024-25 to 6.6%, up from 6.4% in January. India is projected to remain the fastest-growing major economy in 2024-25. For 2025-26, the forecast increased to 6.7% from 6.5%. India’s economy grew by 8.2% in 2023-24, per the NSO. The Reserve Bank of India raised its 2024-25 forecast to 7.2%.
Q 33.What is the primary objective of the National Green Hydrogen Mission, recently seen in news?
Answer: Correct Answer:B [To make India a global hub for producing, utilising, and exporting Green Hydrogen and its derivatives]
Notes: The Ministry of New and Renewable Energy issued guidelines for funding under the National Green Hydrogen Mission, approved by the Union Cabinet on January 4, 2023. The mission aims to make India a global hub for producing, utilizing, and exporting green hydrogen. Key components include financial incentives for domestic electrolyser manufacturing and green hydrogen production, pilot projects, development of Green Hydrogen Hubs, the Strategic Hydrogen Innovation Partnership (SHIP) for R&D, and a coordinated skill development program.
Notes: The Ministry of New and Renewable Energy issued guidelines for funding under the National Green Hydrogen Mission, approved by the Union Cabinet on January 4, 2023. The mission aims to make India a global hub for producing, utilizing, and exporting green hydrogen. Key components include financial incentives for domestic electrolyser manufacturing and green hydrogen production, pilot projects, development of Green Hydrogen Hubs, the Strategic Hydrogen Innovation Partnership (SHIP) for R&D, and a coordinated skill development program.
Q 34.Gevra and Kusmunda coal mines, recently seen in the news, are located in which state?
Answer: Correct Answer:B [Chhattisgarh ]
Notes: The Gevra and Kusmunda blocks of South Eastern Coalfields Ltd (SECL) in Chhattisgarh rank second and fourth globally in coal production, as per WorldAtlas.com. These open-cast mines produce over 100 million tonnes annually, about 10% of India’s total coal output. Gevra produced 59 MT in 2023-24, while Kusmunda produced over 50 MT. SECL’s Chairman, Prem Sagar Mishra, highlighted this achievement. US and China mines also feature in the top five.
Notes: The Gevra and Kusmunda blocks of South Eastern Coalfields Ltd (SECL) in Chhattisgarh rank second and fourth globally in coal production, as per WorldAtlas.com. These open-cast mines produce over 100 million tonnes annually, about 10% of India’s total coal output. Gevra produced 59 MT in 2023-24, while Kusmunda produced over 50 MT. SECL’s Chairman, Prem Sagar Mishra, highlighted this achievement. US and China mines also feature in the top five.
Q 35.What is the ‘MV Sea Change’, recently seen in news?
Answer: Correct Answer:B [The world’s first commercial passenger ferry powered by 100% hydrogen fuel]
Notes: The MV Sea Change, the world’s first commercial passenger ferry powered by 100% hydrogen fuel, launched at the San Francisco Ferry Building. Built by All American Marine Shipyard for SWITCH Maritime and designed by Incat Crowther, it carries 75 passengers and operates for 16 hours, covering 300 nautical miles per refueling. Emitting only heat and water vapor, it reaches speeds up to 20 knots and features drinkable water emissions.
Notes: The MV Sea Change, the world’s first commercial passenger ferry powered by 100% hydrogen fuel, launched at the San Francisco Ferry Building. Built by All American Marine Shipyard for SWITCH Maritime and designed by Incat Crowther, it carries 75 passengers and operates for 16 hours, covering 300 nautical miles per refueling. Emitting only heat and water vapor, it reaches speeds up to 20 knots and features drinkable water emissions.
Q 36.Emergency Credit Line Guarantee Scheme (ECLGS), recently seen in the news, is under the operational domain of which ministry?
Answer: Correct Answer:C [Ministry of Finance]
Notes: Recently, officials reported a 6% Non Performing Assets (NPA) rate under the Emergency Credit Line Guarantee Scheme (ECLGS), launched by India in 2020 to aid businesses hit by Covid-19. The scheme, managed by the Ministry of Finance’s Department of Financial Services and National Credit Guarantee Trustee Company Ltd (NCGTC), provides 100% guaranteed coverage to lenders. Phases ECLGS 1.0 to 4.0 expanded its scope across sectors. Sanctions are based on borrower assessments, with no collateral or fees.
Notes: Recently, officials reported a 6% Non Performing Assets (NPA) rate under the Emergency Credit Line Guarantee Scheme (ECLGS), launched by India in 2020 to aid businesses hit by Covid-19. The scheme, managed by the Ministry of Finance’s Department of Financial Services and National Credit Guarantee Trustee Company Ltd (NCGTC), provides 100% guaranteed coverage to lenders. Phases ECLGS 1.0 to 4.0 expanded its scope across sectors. Sanctions are based on borrower assessments, with no collateral or fees.
Q 37.Which organization recently signed a deal in Goa with the GRSE for constructing Indigenous Ocean Research Vessel to unravel deep oceans?
Answer: Correct Answer:A [National Centre for Polar and Ocean Research (NCPOR)]
Notes: The National Centre for Polar and Ocean Research (NCPOR) signed a contract with a Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) to construct an Indigenous Ocean Research Vessel for deep ocean exploration. Established in 1998 in Goa, NCPOR is an autonomous R&D institution under the Ministry of Earth Sciences. Its 13-member Governing Body is chaired by the Secretary of the Ministry. NCPOR facilitates scientific research in Antarctica, the Arctic, and the Indian Ocean, managing bases like “Maitri,” “Bharati,” and “Himadri.”
Notes: The National Centre for Polar and Ocean Research (NCPOR) signed a contract with a Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) to construct an Indigenous Ocean Research Vessel for deep ocean exploration. Established in 1998 in Goa, NCPOR is an autonomous R&D institution under the Ministry of Earth Sciences. Its 13-member Governing Body is chaired by the Secretary of the Ministry. NCPOR facilitates scientific research in Antarctica, the Arctic, and the Indian Ocean, managing bases like “Maitri,” “Bharati,” and “Himadri.”
Q 38.Modified Interest Subvention Scheme (MISS), recently seen in the news, is implemented by which two organizations?
Answer: Correct Answer:A [NABARD and RBI]
Notes: The Union Government plans to raise the upper limit of short-term crop loans under the Modified Interest Subvention Scheme (MISS) from Rs 3 lakh to Rs 5 lakh. Implemented from Kharif 2006-07, MISS offers subsidized short-term credit to farmers and is active from 2022-23 to 2024-25. Interest subvention is available to various banks, and the scheme is managed by NABARD and RBI. Eligible recipients include owner cultivators, tenant farmers, and SHGs.
Notes: The Union Government plans to raise the upper limit of short-term crop loans under the Modified Interest Subvention Scheme (MISS) from Rs 3 lakh to Rs 5 lakh. Implemented from Kharif 2006-07, MISS offers subsidized short-term credit to farmers and is active from 2022-23 to 2024-25. Interest subvention is available to various banks, and the scheme is managed by NABARD and RBI. Eligible recipients include owner cultivators, tenant farmers, and SHGs.
Q 39.According to the Union Budget 2024-25, how much financial allocation has the Ministry of Railways received for the fiscal year 2024-25?
Answer: Correct Answer:B [Rs 2.55 lakh crore]
Notes: For the fiscal year 2024-25, the Union Budget allocated a record ₹2.55 lakh crore to the Ministry of Railways, marking a 5.85% increase from the previous year’s ₹2.41 lakh crore. Despite this significant funding boost, the Economic Survey 2023-24 highlights limited progress on key safety initiatives, including the deployment of the automatic train protection system Kavach and the overhaul of signaling systems at railway stations.
Notes: For the fiscal year 2024-25, the Union Budget allocated a record ₹2.55 lakh crore to the Ministry of Railways, marking a 5.85% increase from the previous year’s ₹2.41 lakh crore. Despite this significant funding boost, the Economic Survey 2023-24 highlights limited progress on key safety initiatives, including the deployment of the automatic train protection system Kavach and the overhaul of signaling systems at railway stations.
Q 40.How much funding has been allocated for the IndiaAI Mission for 2024-25 by the Ministry of Electronics and IT?
Answer: Correct Answer:A [Rs 551 crore]
Notes: In the Union Budget 2024, the Ministry of Electronics and IT received ₹551 crore for the IndiaAI Mission for 2024-25. Launched by the Government of India, the IndiaAI Mission focuses on leveraging Artificial Intelligence (AI) to boost economic growth, enhance governance, and improve citizens’ quality of life. The mission aims to establish India as a global leader in AI innovation and adoption by developing advanced AI infrastructure, promoting AI applications, and supporting AI education and startups.
Notes: In the Union Budget 2024, the Ministry of Electronics and IT received ₹551 crore for the IndiaAI Mission for 2024-25. Launched by the Government of India, the IndiaAI Mission focuses on leveraging Artificial Intelligence (AI) to boost economic growth, enhance governance, and improve citizens’ quality of life. The mission aims to establish India as a global leader in AI innovation and adoption by developing advanced AI infrastructure, promoting AI applications, and supporting AI education and startups.
Q 41.Which ministry recently launched “Version 4.0 of Price Monitoring System (PMS) Mobile app”?
Answer: Correct Answer:A [Ministry of Consumer Affairs, Food and Public Distribution]
Notes: The Union Minister of Consumer Affairs launched Version 4.0 of the Price Monitoring System (PMS) Mobile app, developed to enhance price data quality for 38 essential commodities, up from 22. The app, initially launched in 2021, receives daily retail and wholesale prices from 550 centers. This data aids government and analysts in policy decisions regarding CPI inflation, covering items like rice, wheat, oils, milk, and newly added produce like brinjal and banana.
Notes: The Union Minister of Consumer Affairs launched Version 4.0 of the Price Monitoring System (PMS) Mobile app, developed to enhance price data quality for 38 essential commodities, up from 22. The app, initially launched in 2021, receives daily retail and wholesale prices from 550 centers. This data aids government and analysts in policy decisions regarding CPI inflation, covering items like rice, wheat, oils, milk, and newly added produce like brinjal and banana.
Q 42.Recently, SJVN Limited has successfully commissioned the 90 MW ‘Omkareshwar Floating Solar Project’ in which state?
Answer: Correct Answer:C [Madhya Pradesh]
Notes: SJVN Limited (Mini Ratna Schedule ‘A’ CPSU under Ministry of Power) has successfully commissioned the 90 MW Omkareshwar Floating Solar Project in Khandwa, Madhya Pradesh. This project involves placing solar panels on floating structures in water bodies like lakes and reservoirs. India has a potential capacity of 280-300 GW for floating solar power, according to the World Bank.
Notes: SJVN Limited (Mini Ratna Schedule ‘A’ CPSU under Ministry of Power) has successfully commissioned the 90 MW Omkareshwar Floating Solar Project in Khandwa, Madhya Pradesh. This project involves placing solar panels on floating structures in water bodies like lakes and reservoirs. India has a potential capacity of 280-300 GW for floating solar power, according to the World Bank.
Q 43.What is ‘Tantalum’, recently seen in news?
Answer: Correct Answer:B [Rare metal]
Notes: The Central Government recently classified 24 minerals, including Tantalum, as Critical and Strategic under the MMDR Act, 1957. Tantalum is a rare metal with the symbol Ta and atomic number 73. It is usually found in the ore columbite-tantalite (coltan) and major producers include the Democratic Republic of the Congo, Rwanda, Brazil, and Nigeria. Tantalum is a shiny, silvery metal, soft when pure, and highly resistant to corrosion and chemical attack below 150°C. It belongs to refractory metals, known for their high resistance to heat and wear, and has an extremely high melting point.
Notes: The Central Government recently classified 24 minerals, including Tantalum, as Critical and Strategic under the MMDR Act, 1957. Tantalum is a rare metal with the symbol Ta and atomic number 73. It is usually found in the ore columbite-tantalite (coltan) and major producers include the Democratic Republic of the Congo, Rwanda, Brazil, and Nigeria. Tantalum is a shiny, silvery metal, soft when pure, and highly resistant to corrosion and chemical attack below 150°C. It belongs to refractory metals, known for their high resistance to heat and wear, and has an extremely high melting point.
Q 44.Karowe Diamond Mine, recently seen in the news, is located in which country?
Answer: Correct Answer:C [Botswana]
Notes: A 2,492-carat diamond, the second-largest ever found, was discovered in the Karowe Diamond Mine in Botswana by Lucara Diamond. This diamond is second only to the 3,106-carat Cullinan Diamond found in South Africa over a century ago. Botswana is a major diamond producer, with the industry contributing 30% of its GDP and 80% of its exports. Advanced X-ray transmission technology was used to unearth the diamond, preserving its size and quality. The diamond still needs to be fully assessed to determine its quality and potential for high-value gems.
Notes: A 2,492-carat diamond, the second-largest ever found, was discovered in the Karowe Diamond Mine in Botswana by Lucara Diamond. This diamond is second only to the 3,106-carat Cullinan Diamond found in South Africa over a century ago. Botswana is a major diamond producer, with the industry contributing 30% of its GDP and 80% of its exports. Advanced X-ray transmission technology was used to unearth the diamond, preserving its size and quality. The diamond still needs to be fully assessed to determine its quality and potential for high-value gems.
Q 45.What is the primary objective of the Agricultural Infrastructure Fund (AIF), recently seen in the news?
Answer: Correct Answer:B [To strengthen post-harvest infrastructure]
Notes: The Union Cabinet recently expanded the Agricultural Infrastructure Fund (AIF). It was launched in 2020. AIF aims to strengthen post-harvest infrastructure, crucial for the agricultural supply chain. The fund focuses on developing facilities that improve productivity, sustainability, and efficiency in agriculture.
Notes: The Union Cabinet recently expanded the Agricultural Infrastructure Fund (AIF). It was launched in 2020. AIF aims to strengthen post-harvest infrastructure, crucial for the agricultural supply chain. The fund focuses on developing facilities that improve productivity, sustainability, and efficiency in agriculture.
Q 46.Recently, which ministry of India has recommended imposing an anti-dumping duty on aluminium foil imported from China?
Answer: Correct Answer:D [Ministry of Commerce and Industry]
Notes: The Union Ministry of Commerce and Industry recommended an anti-dumping duty on aluminium foil imported from China. Anti-dumping duty is a tariff imposed on foreign imports priced below fair market value. Dumping occurs when a product is exported at a price lower than in its domestic market. The duty matches the price difference between the import price and market value in the exporting or other similar markets. It aims to protect local businesses from unfair competition by foreign imports. The World Trade Organization (WTO) allows anti-dumping measures to ensure fair competition. Legal action requires evidence of genuine harm to domestic industries.
Notes: The Union Ministry of Commerce and Industry recommended an anti-dumping duty on aluminium foil imported from China. Anti-dumping duty is a tariff imposed on foreign imports priced below fair market value. Dumping occurs when a product is exported at a price lower than in its domestic market. The duty matches the price difference between the import price and market value in the exporting or other similar markets. It aims to protect local businesses from unfair competition by foreign imports. The World Trade Organization (WTO) allows anti-dumping measures to ensure fair competition. Legal action requires evidence of genuine harm to domestic industries.
Q 47.Goods Trade Barometer, recently seen in the news, is developed by which organization?
Answer: Correct Answer:C [World Trade Organization]
Notes: Indian merchandise exports may improve in the second half of the year due to an upturn in global trade, as indicated by the WTO Goods Trade Barometer. The Goods Trade Barometer, formerly known as the World Trade Outlook Indicator, is developed by the World Trade Organization. It provides real-time insights into world trade trends and predicts changes in trade growth 2-3 months ahead. The Barometer combines various trade indices into a composite index, signaling turning points in global trade. A reading of 100 shows trade growth in line with trends; above 100 indicates growth, while below 100 suggests a slowdown.
Notes: Indian merchandise exports may improve in the second half of the year due to an upturn in global trade, as indicated by the WTO Goods Trade Barometer. The Goods Trade Barometer, formerly known as the World Trade Outlook Indicator, is developed by the World Trade Organization. It provides real-time insights into world trade trends and predicts changes in trade growth 2-3 months ahead. The Barometer combines various trade indices into a composite index, signaling turning points in global trade. A reading of 100 shows trade growth in line with trends; above 100 indicates growth, while below 100 suggests a slowdown.
Q 48.Recently, the government has designated which research institute as a Centre of Excellence for seaweed cultivation?
Answer: Correct Answer:C [ICAR-Central Marine Fisheries Research Institute]
Notes: The Department of Fisheries, under the Ministry of Fisheries, Animal Husbandry and Dairying, has designated the ICAR-Central Marine Fisheries Research Institute as a Centre of Excellence for seaweed cultivation. Seaweed refers to various species of marine plants and algae that grow in oceans, rivers, and lakes. Seaweed is classified into green (Chlorophyta), brown (Phaeophyta), and red (Rhodophyta). Nutritionally, seaweed provides minerals like calcium, sodium, and potassium, and vitamins A, B12, C, D, and E. It offers health benefits such as anti-inflammatory and antimicrobial properties and is used in cancer treatment. Seaweed is also used in manufacturing as a binding agent in toothpaste and cosmetics, and enhances agricultural productivity.
Notes: The Department of Fisheries, under the Ministry of Fisheries, Animal Husbandry and Dairying, has designated the ICAR-Central Marine Fisheries Research Institute as a Centre of Excellence for seaweed cultivation. Seaweed refers to various species of marine plants and algae that grow in oceans, rivers, and lakes. Seaweed is classified into green (Chlorophyta), brown (Phaeophyta), and red (Rhodophyta). Nutritionally, seaweed provides minerals like calcium, sodium, and potassium, and vitamins A, B12, C, D, and E. It offers health benefits such as anti-inflammatory and antimicrobial properties and is used in cancer treatment. Seaweed is also used in manufacturing as a binding agent in toothpaste and cosmetics, and enhances agricultural productivity.
Q 49.Debt Recovery Tribunals (DRTs), recently seen in the news, are specialized bodies in India established under which act?
Answer: Correct Answer:B [Recovery of Debts Due to Banks and Financial Institutions Act]
Notes: The Finance Ministry urged banks to implement better monitoring for pending cases in Debt Recovery Tribunals (DRTs).DRTs are specialized bodies established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. They help enforce creditor rights and speed up debt recovery in India. DRTs handle disputes related to loans over Rs 20 lakh from banks and financial institutions.
Notes: The Finance Ministry urged banks to implement better monitoring for pending cases in Debt Recovery Tribunals (DRTs).DRTs are specialized bodies established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. They help enforce creditor rights and speed up debt recovery in India. DRTs handle disputes related to loans over Rs 20 lakh from banks and financial institutions.
Q 50.Recently, where was the India’s first CO2-to-methanol pilot plant launched?
Answer: Correct Answer:C [Pune]
Notes: India’s first CO2-to-Methanol pilot plant with 1.4 TPD capacity launched in Pune. The project is supported by the Department of Science and Technology (DST), Government of India. It is a collaboration between IIT Delhi and Thermax Limited under a Public-Private Partnership (PPP). The plant aims to advance Carbon Capture and Utilisation (CCU) technologies, aligning with India’s climate goals from COP 26. NITI Aayog and the Ministry of Petroleum are working on a policy to introduce 15% methanol-blended diesel, reducing crude oil imports. The project cost is approximately Rs. 31 crore.
Notes: India’s first CO2-to-Methanol pilot plant with 1.4 TPD capacity launched in Pune. The project is supported by the Department of Science and Technology (DST), Government of India. It is a collaboration between IIT Delhi and Thermax Limited under a Public-Private Partnership (PPP). The plant aims to advance Carbon Capture and Utilisation (CCU) technologies, aligning with India’s climate goals from COP 26. NITI Aayog and the Ministry of Petroleum are working on a policy to introduce 15% methanol-blended diesel, reducing crude oil imports. The project cost is approximately Rs. 31 crore.
Q 51.Recently, which bank has introduced the third edition of its flagship ‘Asha Scholarship programme’?
Answer: Correct Answer:C [State Bank of India ]
Notes: The SBI Foundation launched the third edition of its Asha Scholarship Program. It aimed to provide financial support to 10,000 talented students from underprivileged backgrounds. The scholarship offered amounts between Rs 15,000 and Rs 20 lakh. It helped students from Class 6 to postgraduate levels pursue their educational goals. This initiative showed SBI’s commitment to supporting educational opportunities for disadvantaged students across India.
Notes: The SBI Foundation launched the third edition of its Asha Scholarship Program. It aimed to provide financial support to 10,000 talented students from underprivileged backgrounds. The scholarship offered amounts between Rs 15,000 and Rs 20 lakh. It helped students from Class 6 to postgraduate levels pursue their educational goals. This initiative showed SBI’s commitment to supporting educational opportunities for disadvantaged students across India.
Q 52.Operation Flood, recently seen in the news, is an initiative that transformed which sector in India?
Answer: Correct Answer:B [Dairy]
Notes: Operation Flood, launched in 1970, was pivotal in establishing India’s dairy sector, leading to the White Revolution. This initiative aimed to increase milk production and improve rural livelihoods through cooperative societies. As a result, India became the world’s largest milk producer, with a daily procurement target set to rise significantly by 2028-29. The government is now focusing on “White Revolution 2.0” to enhance cooperative coverage and empower dairy farmers, particularly women, while generating employment in the sector.
Notes: Operation Flood, launched in 1970, was pivotal in establishing India’s dairy sector, leading to the White Revolution. This initiative aimed to increase milk production and improve rural livelihoods through cooperative societies. As a result, India became the world’s largest milk producer, with a daily procurement target set to rise significantly by 2028-29. The government is now focusing on “White Revolution 2.0” to enhance cooperative coverage and empower dairy farmers, particularly women, while generating employment in the sector.
Q 53.Which coalfield in Jharkhand has been identified as having high potential for coal bed methane generation?
Answer: Correct Answer:B [South Karanpura coalfield]
Notes: A study by scientists from the Birbal Sahni Institute of Palaeosciences in Lucknow found significant potential for hydrocarbon generation in the eastern South Karanpura coalfield in Jharkhand. The research used microscopic palynomorph analysis and geochemical assessments, showing the eastern Sirka coalfield has more hydrocarbon potential than the Giddi coalfield. The South Karanpura coalfield has 28 major coal blocks and is vital for India’s energy sector. There is growing interest in exploring unconventional hydrocarbon resources like coal bed methane and shale gas due to increasing energy demands and the shift toward green energy.
Notes: A study by scientists from the Birbal Sahni Institute of Palaeosciences in Lucknow found significant potential for hydrocarbon generation in the eastern South Karanpura coalfield in Jharkhand. The research used microscopic palynomorph analysis and geochemical assessments, showing the eastern Sirka coalfield has more hydrocarbon potential than the Giddi coalfield. The South Karanpura coalfield has 28 major coal blocks and is vital for India’s energy sector. There is growing interest in exploring unconventional hydrocarbon resources like coal bed methane and shale gas due to increasing energy demands and the shift toward green energy.
Q 54.What is the name of the mission initiated by Anusandhan National Research Foundation (ANRF) to advance Electric Vehicle technology?
Answer: Correct Answer:A [MAHA-EV Mission]
Notes: The Anusandhan National Research Foundation (ANRF) launched the MAHA-EV Mission to advance electric vehicle (EV) technology. It aims to reduce import dependency, boost domestic innovation, and make India a global leader in the EV sector. The mission is part of ANRF’s program to tackle critical scientific challenges through collaboration. Focus areas include Tropical EV Batteries, Power Electronics, Machines and Drives (PEMD), and EV Charging Infrastructure. It will enhance India’s capability in EV component design and development. The mission supports global competitiveness, innovation, and promotes a greener, sustainable future with electric mobility.
Notes: The Anusandhan National Research Foundation (ANRF) launched the MAHA-EV Mission to advance electric vehicle (EV) technology. It aims to reduce import dependency, boost domestic innovation, and make India a global leader in the EV sector. The mission is part of ANRF’s program to tackle critical scientific challenges through collaboration. Focus areas include Tropical EV Batteries, Power Electronics, Machines and Drives (PEMD), and EV Charging Infrastructure. It will enhance India’s capability in EV component design and development. The mission supports global competitiveness, innovation, and promotes a greener, sustainable future with electric mobility.
Q 55.Which coal company became the first to open four AMRIT Pharmacies for affordable and accessible healthcare?
Answer: Correct Answer:B [South Eastern Coalfields Limited (SECL)]
Notes: South Eastern Coalfields Limited (SECL), a subsidiary of Coal India, inaugurated India’s 216th AMRIT Pharmacy in Bilaspur, Chhattisgarh. SECL is now the first coal company to operate four AMRIT pharmacies. AMRIT Pharmacies provide generic and life-saving branded drugs, implants, and surgical consumables at subsidized rates. Launched by the Ministry of Health and Family Welfare in 2015, AMRIT supports universal healthcare goals. It complements schemes like Ayushman Bharat to ensure affordable healthcare access.
Notes: South Eastern Coalfields Limited (SECL), a subsidiary of Coal India, inaugurated India’s 216th AMRIT Pharmacy in Bilaspur, Chhattisgarh. SECL is now the first coal company to operate four AMRIT pharmacies. AMRIT Pharmacies provide generic and life-saving branded drugs, implants, and surgical consumables at subsidized rates. Launched by the Ministry of Health and Family Welfare in 2015, AMRIT supports universal healthcare goals. It complements schemes like Ayushman Bharat to ensure affordable healthcare access.
Q 56.Which ministry recently released the Standard Veterinary Treatment Guidelines (SVTG)?
Answer: Correct Answer:B [Ministry of Animal Husbandry]
Notes: The Union Ministry of Animal Husbandry released the Standard Veterinary Treatment Guidelines (SVTG), the first comprehensive guidelines for animal and bird diseases. The guidelines aim to reduce antibiotic, hormone, and drug residues in animal-source foods, improving food safety and soil health. The guidelines include dosages, treatment durations, withdrawal periods, and potential side effects. They integrate Ayurvedic and ethnoveterinary practices for cost-effective treatments, particularly benefiting small-scale farmers. SVTG is expected to lower treatment costs and enhance health management in livestock and poultry, reducing antimicrobial resistance (AMR) risks.
Notes: The Union Ministry of Animal Husbandry released the Standard Veterinary Treatment Guidelines (SVTG), the first comprehensive guidelines for animal and bird diseases. The guidelines aim to reduce antibiotic, hormone, and drug residues in animal-source foods, improving food safety and soil health. The guidelines include dosages, treatment durations, withdrawal periods, and potential side effects. They integrate Ayurvedic and ethnoveterinary practices for cost-effective treatments, particularly benefiting small-scale farmers. SVTG is expected to lower treatment costs and enhance health management in livestock and poultry, reducing antimicrobial resistance (AMR) risks.
Q 57.Which telecom operator has launched the country’s first direct-to-device satellite internet service?
Answer: Correct Answer:A [BSNL]
Notes: BSNL launched India’s first direct-to-device satellite internet service, aiming to bridge the digital divide in remote areas. The service provides high-speed internet without the need for traditional infrastructure, using advanced satellite technology. The launch allows users to make emergency calls, send SOS messages, and make UPI payments when there’s no cellular or Wi-Fi network. The satellite service offers wide coverage, reliable connectivity, and is designed to function in all weather conditions.
Notes: BSNL launched India’s first direct-to-device satellite internet service, aiming to bridge the digital divide in remote areas. The service provides high-speed internet without the need for traditional infrastructure, using advanced satellite technology. The launch allows users to make emergency calls, send SOS messages, and make UPI payments when there’s no cellular or Wi-Fi network. The satellite service offers wide coverage, reliable connectivity, and is designed to function in all weather conditions.
Q 58.According to recent report, which countries emerged as the top three fastest growing economy among the G20 countries?
Answer: Correct Answer:B [India, Indonesia and China]
Notes: India is projected to lead the G20 in 2024 with a 7% GDP growth rate, reflecting its robust and fast-growing economy. Indonesia ranks second with 5%, followed by China at 4.8%. Russia (3.6%) and Brazil (3%) rank fourth and fifth, with the African region also at 3%. The US is at 2.8%, while Canada (1.3%) and Australia (1.2%) show slower growth. France, the EU, and the UK are at 1.1%, Italy at 0.7%, and Japan at 0.3%. Germany has zero growth, the lowest among advanced countries. The G20 Summit in Brazil focuses on hunger, poverty, inequality, sustainable development, and governance reforms.
Notes: India is projected to lead the G20 in 2024 with a 7% GDP growth rate, reflecting its robust and fast-growing economy. Indonesia ranks second with 5%, followed by China at 4.8%. Russia (3.6%) and Brazil (3%) rank fourth and fifth, with the African region also at 3%. The US is at 2.8%, while Canada (1.3%) and Australia (1.2%) show slower growth. France, the EU, and the UK are at 1.1%, Italy at 0.7%, and Japan at 0.3%. Germany has zero growth, the lowest among advanced countries. The G20 Summit in Brazil focuses on hunger, poverty, inequality, sustainable development, and governance reforms.
Q 59.Department of Investment and Capital Asset Management (DIPAM) comes under which ministry?
Answer: Correct Answer:A [Ministry of Finance]
Notes: Department of Investment and Capital Asset Management (DIPAM) has issued revised capital restructuring norms for Central Public Sector Enterprises (CPSEs). Financial sector CPSEs like NBFCs must pay a minimum annual dividend of 30% of net profit or 4% of net worth, whichever is higher. These guidelines do not apply to public sector banks, insurance companies, or body corporates. DIPAM operates under the Ministry of Finance and manages Central Government investments in CPSEs. Its key functions include strategic disinvestment, privatisation, minority stake sales, and matters related to capital restructuring, bonuses, and dividends.
Notes: Department of Investment and Capital Asset Management (DIPAM) has issued revised capital restructuring norms for Central Public Sector Enterprises (CPSEs). Financial sector CPSEs like NBFCs must pay a minimum annual dividend of 30% of net profit or 4% of net worth, whichever is higher. These guidelines do not apply to public sector banks, insurance companies, or body corporates. DIPAM operates under the Ministry of Finance and manages Central Government investments in CPSEs. Its key functions include strategic disinvestment, privatisation, minority stake sales, and matters related to capital restructuring, bonuses, and dividends.
Q 60.Who has been elected as the 11th President of Asian Development Bank (ADB)?
Answer: Correct Answer:A [Masato Kanda]
Notes: Masato Kanda was unanimously elected as ADB’s 11th president and will take office on February 24 next year. Kanda, 59, has 40 years of experience in international finance and policy. He is currently Special Advisor to Japan’s Prime Minister and Minister of Finance. He previously held roles such as Deputy Vice-Minister for Policy Planning and Vice-Minister of Finance for International Affairs. Kanda holds a Bachelor of Laws from the University of Tokyo and an M.Phil in Economics from Oxford University. His leadership in global forums like G7 and G20 highlights his focus on multilateral cooperation and addressing global challenges.
Notes: Masato Kanda was unanimously elected as ADB’s 11th president and will take office on February 24 next year. Kanda, 59, has 40 years of experience in international finance and policy. He is currently Special Advisor to Japan’s Prime Minister and Minister of Finance. He previously held roles such as Deputy Vice-Minister for Policy Planning and Vice-Minister of Finance for International Affairs. Kanda holds a Bachelor of Laws from the University of Tokyo and an M.Phil in Economics from Oxford University. His leadership in global forums like G7 and G20 highlights his focus on multilateral cooperation and addressing global challenges.
Q 61.Which ministry recently launched the National MSME Cluster Outreach Programme?
Answer: Correct Answer:B [Ministry of Finance]
Notes: Union Finance Minister Nirmala Sitharaman launched the National MSME Cluster Outreach Programme. The program is a joint effort by the Department of Financial Services and SIDBI. It aims to support Micro, Small, and Medium Enterprises (MSMEs) across India. The initiative will enhance financial access and resources for MSMEs, fostering their growth. The program also seeks to strengthen MSME clusters and address their specific needs.
Notes: Union Finance Minister Nirmala Sitharaman launched the National MSME Cluster Outreach Programme. The program is a joint effort by the Department of Financial Services and SIDBI. It aims to support Micro, Small, and Medium Enterprises (MSMEs) across India. The initiative will enhance financial access and resources for MSMEs, fostering their growth. The program also seeks to strengthen MSME clusters and address their specific needs.
Q 62.The Advertising Standards Council of India (ASCI) was established in which year?
Answer: Correct Answer:A [1985]
Notes: The Advertising Standards Council of India (ASCI) released its Half-Yearly Complaints Report for 2024-25, highlighting a significant number of misleading ads, especially in real estate and offshore betting. ASCI, established in 1985, is a non-profit, voluntary self-regulatory body that ensures ads follow its Code for Self-Regulation, promoting legal, decent, honest, and truthful advertisements. ASCI investigates complaints across various media including TV, print, and online. It is mandatory for new TV ads in India to comply with ASCI codes starting June 18, 2024. ASCI is recognized by the Ministry of Information and Broadcasting and is part of the International Council on Ad Self-Regulation (ICAS).
Notes: The Advertising Standards Council of India (ASCI) released its Half-Yearly Complaints Report for 2024-25, highlighting a significant number of misleading ads, especially in real estate and offshore betting. ASCI, established in 1985, is a non-profit, voluntary self-regulatory body that ensures ads follow its Code for Self-Regulation, promoting legal, decent, honest, and truthful advertisements. ASCI investigates complaints across various media including TV, print, and online. It is mandatory for new TV ads in India to comply with ASCI codes starting June 18, 2024. ASCI is recognized by the Ministry of Information and Broadcasting and is part of the International Council on Ad Self-Regulation (ICAS).
Q 63.Which institution has been granted its first industrial design patent in India for a solar-powered water hyacinth harvester?
Answer: Correct Answer:A [International Crops Research Institute for Semi-Arid Tropics (ICRISAT)]
Notes: International Crops Research Institute for Semi-Arid Tropics (ICRISAT) has received its first Indian industrial design patent for a solar-powered water hyacinth harvester. The harvester is an affordable, eco-friendly solution priced under ₹2 lakh, designed for rural farming communities. It efficiently clears water hyacinth, a fast-spreading aquatic weed threatening ecosystems, fisheries, and waterways. The harvester can clear a 3-acre pond in 2-3 days, compared to 18-20 days of manual labor by 10-20 workers. It is user-friendly, requiring only semi-skilled or unskilled operators. The project empowers local communities, especially women, creating livelihoods and boosting the rural economy. It is supported by the Odisha Government’s Department of Agriculture and Farmers’ Empowerment.
Notes: International Crops Research Institute for Semi-Arid Tropics (ICRISAT) has received its first Indian industrial design patent for a solar-powered water hyacinth harvester. The harvester is an affordable, eco-friendly solution priced under ₹2 lakh, designed for rural farming communities. It efficiently clears water hyacinth, a fast-spreading aquatic weed threatening ecosystems, fisheries, and waterways. The harvester can clear a 3-acre pond in 2-3 days, compared to 18-20 days of manual labor by 10-20 workers. It is user-friendly, requiring only semi-skilled or unskilled operators. The project empowers local communities, especially women, creating livelihoods and boosting the rural economy. It is supported by the Odisha Government’s Department of Agriculture and Farmers’ Empowerment.
Q 64.Where was Gujarat’s first Outsourced Semiconductor Assembly and Testing (OSAT) plant inaugurated?
Answer: Correct Answer:B [Surat]
Notes: A Gujarat-based semiconductor company Suchi Semicon inaugurated Gujarat’s first OSAT (Outsourced Semiconductor Assembly and Testing) plant in Surat. The 30,000-square-foot facility provides assembly, testing, and packaging services for semiconductor components. It supports industries like automotive, consumer electronics, and industrial applications. The plant was inaugurated by Union Minister C.R. Patil and Gujarat’s Home Minister Harsh Sanghavi. This step strengthens India’s position in the global semiconductor supply chain and makes Gujarat a hub for high-tech manufacturing and innovation.
Notes: A Gujarat-based semiconductor company Suchi Semicon inaugurated Gujarat’s first OSAT (Outsourced Semiconductor Assembly and Testing) plant in Surat. The 30,000-square-foot facility provides assembly, testing, and packaging services for semiconductor components. It supports industries like automotive, consumer electronics, and industrial applications. The plant was inaugurated by Union Minister C.R. Patil and Gujarat’s Home Minister Harsh Sanghavi. This step strengthens India’s position in the global semiconductor supply chain and makes Gujarat a hub for high-tech manufacturing and innovation.
Q 65.Which is the nodal ministry for the Directorate General of Commercial Intelligence and Statistics (DGCIS)?
Answer: Correct Answer:A [Ministry of Commerce and Industry]
Notes: India’s gold imports surged threefold in November to a record $14.8 billion, prompting a “detailed examination” by the Directorate General of Commercial Intelligence and Statistics (DGCIS). DGCIS, under the Ministry of Commerce & Industry, collects, compiles, and disseminates trade statistics and commercial data for policymakers, traders, and researchers. Established in 1862, it is India’s oldest large-scale data processing organization and is headquartered in Kolkata. Sir William W. Hunter was its first Director General in 1871. DGCIS also publishes inland trade statistics on inter-state goods movement via rail, river, and air.
Notes: India’s gold imports surged threefold in November to a record $14.8 billion, prompting a “detailed examination” by the Directorate General of Commercial Intelligence and Statistics (DGCIS). DGCIS, under the Ministry of Commerce & Industry, collects, compiles, and disseminates trade statistics and commercial data for policymakers, traders, and researchers. Established in 1862, it is India’s oldest large-scale data processing organization and is headquartered in Kolkata. Sir William W. Hunter was its first Director General in 1871. DGCIS also publishes inland trade statistics on inter-state goods movement via rail, river, and air.
Q 66.What is the primary objective of the SMILE Programme in context of economy?
Answer: Correct Answer:C [To strengthen institutional and policy frameworks for multimodal logistics]
Notes: India and ADB signed a $350 million policy-based loan under the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. SMILE aims to implement wide-ranging reforms in India’s logistics sector. The programme adopts a two-phase approach to boost manufacturing and strengthen supply chain resilience. It involves collaboration with the Department of Economic Affairs (DEA), the Department for Promotion of Industry and Internal Trade (DPIIT), and ADB. The initiative seeks to modernise logistics, promote multimodal infrastructure, and enhance India’s trade and industrial growth.
Notes: India and ADB signed a $350 million policy-based loan under the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. SMILE aims to implement wide-ranging reforms in India’s logistics sector. The programme adopts a two-phase approach to boost manufacturing and strengthen supply chain resilience. It involves collaboration with the Department of Economic Affairs (DEA), the Department for Promotion of Industry and Internal Trade (DPIIT), and ADB. The initiative seeks to modernise logistics, promote multimodal infrastructure, and enhance India’s trade and industrial growth.
Q 67.Which institution has formed a “Free AI committee” to develop AI framework in financial sector?
Answer: Correct Answer:B [Reserve Bank of India (RBI)]
Notes: The RBI formed a committee named FREE-AI to establish a framework for responsible and ethical AI use in the financial sector. The committee is led by Pushpak Bhattacharyya, a professor at IIT Bombay. The committee will propose frameworks for AI governance, risk mitigation, and ethical adoption for banks, NBFCs, FinTechs, and PSOs. It will also address broader AI-related matters in the Indian financial sector. The committee will submit its report within six months of its first meeting.
Notes: The RBI formed a committee named FREE-AI to establish a framework for responsible and ethical AI use in the financial sector. The committee is led by Pushpak Bhattacharyya, a professor at IIT Bombay. The committee will propose frameworks for AI governance, risk mitigation, and ethical adoption for banks, NBFCs, FinTechs, and PSOs. It will also address broader AI-related matters in the Indian financial sector. The committee will submit its report within six months of its first meeting.
Q 68.Which ministry conducted the Household Consumption Expenditure Survey (HCES) in India?
Answer: Correct Answer:C [Ministry of Statistics and Programme Implementation]
Notes: The Ministry of Statistics and Programme Implementation (MoSPI) conducted two consecutive Household Consumption Expenditure Surveys (HCES) after the Covid-19 pandemic. The first survey spanned August 2022 to July 2023, with summary results released in February 2024 and a detailed report in June 2024. The second survey covered August 2023 to July 2024, with its summary results published as a factsheet on the MoSPI website. The latest Household Consumption Expenditure Survey (HCES) indicates that the average Monthly Per Capita Consumption Expenditure (MPCE) gap between urban and rural areas decreased to 69.7% in 2023-24 from 71.2% in the previous year. This decline reflects improved consumption growth in rural regions, influenced by government support and post-COVID recovery. The survey covered 261,953 households and provides critical data for understanding poverty and inequality in India.
Notes: The Ministry of Statistics and Programme Implementation (MoSPI) conducted two consecutive Household Consumption Expenditure Surveys (HCES) after the Covid-19 pandemic. The first survey spanned August 2022 to July 2023, with summary results released in February 2024 and a detailed report in June 2024. The second survey covered August 2023 to July 2024, with its summary results published as a factsheet on the MoSPI website. The latest Household Consumption Expenditure Survey (HCES) indicates that the average Monthly Per Capita Consumption Expenditure (MPCE) gap between urban and rural areas decreased to 69.7% in 2023-24 from 71.2% in the previous year. This decline reflects improved consumption growth in rural regions, influenced by government support and post-COVID recovery. The survey covered 261,953 households and provides critical data for understanding poverty and inequality in India.
Q 69.According to the recent RBI report, what is the estimated GDP Growth of India in 2024-25?
Answer: Correct Answer:C [6.6%]
Notes: India’s GDP is projected to grow at 6.6% in 2024-25, signaling economic resilience. Growth is driven by rural consumption revival, increased government spending, and strong services exports. The RBI’s Financial Stability Report (FSR) highlights the strength of India’s financial system and stability.
Notes: India’s GDP is projected to grow at 6.6% in 2024-25, signaling economic resilience. Growth is driven by rural consumption revival, increased government spending, and strong services exports. The RBI’s Financial Stability Report (FSR) highlights the strength of India’s financial system and stability.
Q 70.What is the rank of India in tobacco industry?
Answer: Correct Answer:B [Second]
Notes: The Tobacco Board has initiated several strategic activities to ensure the sustainability and growth of the tobacco industry. The Tobacco Board of India was established on January 1, 1976, under the Tobacco Board Act, 1975. It is headed by a chairperson and works towards the development of the tobacco industry. Its main functions include promoting tobacco exports, regulating FCV tobacco production and distribution, and supporting domestic and international tobacco trade. India is the second-largest producer of tobacco globally, after China. India is also the second-largest exporter of unmanufactured tobacco, after Brazil.
Notes: The Tobacco Board has initiated several strategic activities to ensure the sustainability and growth of the tobacco industry. The Tobacco Board of India was established on January 1, 1976, under the Tobacco Board Act, 1975. It is headed by a chairperson and works towards the development of the tobacco industry. Its main functions include promoting tobacco exports, regulating FCV tobacco production and distribution, and supporting domestic and international tobacco trade. India is the second-largest producer of tobacco globally, after China. India is also the second-largest exporter of unmanufactured tobacco, after Brazil.
Q 71.Which organization plays a vital role in promoting Farmer Producer Organisations (FPOs) acros India?
Answer: Correct Answer:A [Small Farmers’ Agribusiness Consortium (SFAC)]
Notes: The Indian Council for Research on International Economic Relations (ICRIER) studied challenges faced by India’s Farmer Producer Organisations (FPOs) and suggested reforms. FPOs are organisations formed, owned, and operated by farmers to represent producers of goods like agriculture, non-farm items, and artisan products. These organisations can be structured as producer companies, cooperatives, or other entities that ensure shared profits and benefits. The Small Farmers’ Agribusiness Consortium (SFAC) promotes FPOs across India. FPOs operate on principles of shared decision-making and ownership to benefit their farmer members.
Notes: The Indian Council for Research on International Economic Relations (ICRIER) studied challenges faced by India’s Farmer Producer Organisations (FPOs) and suggested reforms. FPOs are organisations formed, owned, and operated by farmers to represent producers of goods like agriculture, non-farm items, and artisan products. These organisations can be structured as producer companies, cooperatives, or other entities that ensure shared profits and benefits. The Small Farmers’ Agribusiness Consortium (SFAC) promotes FPOs across India. FPOs operate on principles of shared decision-making and ownership to benefit their farmer members.
Q 72.What is India’s projected GDP growth rate for the financial year 2024-25?
Answer: Correct Answer:A [6.4%]
Notes: India’s GDP is projected to grow by 6.4% in FY 2024-25, a decline from 8.2% in FY 2023-24. This marks the lowest growth rate in four years, indicating a slowdown in economic performance. The Ministry of Statistics & Programme Implementation (MoSPI) provides these estimates, which also highlight a marginal increase in nominal GDP to 9.7%. The decline in growth reflects challenges in various sectors, including agriculture, construction, and services, impacting overall economic health.
Notes: India’s GDP is projected to grow by 6.4% in FY 2024-25, a decline from 8.2% in FY 2023-24. This marks the lowest growth rate in four years, indicating a slowdown in economic performance. The Ministry of Statistics & Programme Implementation (MoSPI) provides these estimates, which also highlight a marginal increase in nominal GDP to 9.7%. The decline in growth reflects challenges in various sectors, including agriculture, construction, and services, impacting overall economic health.
Q 73.Which ministry launched the 8th edition of National Programme for Organic Production (NPOP)?
Answer: Correct Answer:C [Ministry of Commerce and Industry ]
Notes: The Ministry of Commerce & Industry launched the 8th edition of the National Programme for Organic Production (NPOP) to promote ease of operations and transparency for stakeholders, including farmers. Agricultural and Processed Food Products Export Development Authority (APEDA) implements NPOP to strengthen India’s organic certification system. The event unveiled key portals, including NPOP, Organic Promotion Portal, TraceNet 2.0, revamped APEDA, and AgriXchange, for improving operations, traceability, and market access.
Notes: The Ministry of Commerce & Industry launched the 8th edition of the National Programme for Organic Production (NPOP) to promote ease of operations and transparency for stakeholders, including farmers. Agricultural and Processed Food Products Export Development Authority (APEDA) implements NPOP to strengthen India’s organic certification system. The event unveiled key portals, including NPOP, Organic Promotion Portal, TraceNet 2.0, revamped APEDA, and AgriXchange, for improving operations, traceability, and market access.
Q 74.What is the growth forecast of India by the International Monetary Fund (IMF) for FY26 and FY27?
Answer: Correct Answer:B [6.5%]
Notes: The International Monetary Fund (IMF) retained India’s growth projection at 6.5% for FY26 and FY27, citing it as “in line with potential.” Growth in India slowed due to an unexpected deceleration in industrial activity, with 5.4% growth reported for the September quarter. The World Bank maintained its higher growth projection for India at 6.7% for FY26 and FY27, predicting it to remain the fastest-growing major economy. The World Bank highlighted growth driven by the services sector, strengthened manufacturing, improved logistics, and tax reforms. NSO’s First Advance Estimates project FY25 growth to slow to 6.4%, below RBI’s 6.6% forecast for FY25.
Notes: The International Monetary Fund (IMF) retained India’s growth projection at 6.5% for FY26 and FY27, citing it as “in line with potential.” Growth in India slowed due to an unexpected deceleration in industrial activity, with 5.4% growth reported for the September quarter. The World Bank maintained its higher growth projection for India at 6.7% for FY26 and FY27, predicting it to remain the fastest-growing major economy. The World Bank highlighted growth driven by the services sector, strengthened manufacturing, improved logistics, and tax reforms. NSO’s First Advance Estimates project FY25 growth to slow to 6.4%, below RBI’s 6.6% forecast for FY25.
Q 75.Transitioning Industrial Clusters Initiative is associated with which organization?
Answer: Correct Answer:B [World Economic Forum (WEF)]
Notes: India has added 5 new industrial clusters to the Transitioning Industrial Clusters initiative (TICI): Gopalpur Industrial Park, Kakinada Cluster, Kerala Green Hydrogen Valley, Mundra Cluster, and Mumbai Green Hydrogen Cluster. Industrial clusters are hubs where industries, companies, and institutions collaborate for economic growth. A WEF report highlights their role in economies of scale, shared risk, and demand optimization. The Transitioning Industrial Clusters initiative (TICI) is a World Economic Forum initiative launched at the UNFCCC’s COP26 in Glasgow in 2021. It currently includes 33 industrial clusters across 16 countries and five continents.
Notes: India has added 5 new industrial clusters to the Transitioning Industrial Clusters initiative (TICI): Gopalpur Industrial Park, Kakinada Cluster, Kerala Green Hydrogen Valley, Mundra Cluster, and Mumbai Green Hydrogen Cluster. Industrial clusters are hubs where industries, companies, and institutions collaborate for economic growth. A WEF report highlights their role in economies of scale, shared risk, and demand optimization. The Transitioning Industrial Clusters initiative (TICI) is a World Economic Forum initiative launched at the UNFCCC’s COP26 in Glasgow in 2021. It currently includes 33 industrial clusters across 16 countries and five continents.
Q 76.Which ministry has launched the “MSME TEAM initiative” to empower small businesses in adopting digital commerce?
Answer: Correct Answer:D [Ministry of Micro, Small, and Medium Enterprises ]
Notes: The Ministry of Micro, Small, and Medium Enterprises (MSME) has launched the MSME Trade Enablement and Marketing (TEAM) initiative to help small businesses adopt digital commerce. It has a budget of ₹277.35 crore for three years and aims to onboard 5 lakh MSMEs onto Open Network for Digital Commerce (ONDC). The initiative focuses on inclusivity, targeting 50% women-led enterprises. MSMEs will get digital storefronts, payment solutions, and logistics support via ONDC. More than 150 workshops will educate MSMEs, especially women-led and SC/ST-led businesses. A dedicated portal will offer training, financial aid, and grievance support. The initiative aligns with India’s digital transformation goals and complements schemes like PM Vishwakarma and Digital MSME.
Notes: The Ministry of Micro, Small, and Medium Enterprises (MSME) has launched the MSME Trade Enablement and Marketing (TEAM) initiative to help small businesses adopt digital commerce. It has a budget of ₹277.35 crore for three years and aims to onboard 5 lakh MSMEs onto Open Network for Digital Commerce (ONDC). The initiative focuses on inclusivity, targeting 50% women-led enterprises. MSMEs will get digital storefronts, payment solutions, and logistics support via ONDC. More than 150 workshops will educate MSMEs, especially women-led and SC/ST-led businesses. A dedicated portal will offer training, financial aid, and grievance support. The initiative aligns with India’s digital transformation goals and complements schemes like PM Vishwakarma and Digital MSME.
Q 77.Which institution has launched blockchain-based currency named BIMCOIN?
Answer: Correct Answer:B [Birla Institute of Management Technology (BIMTECH), Greater Noida]
Notes: Birla Institute of Management Technology (BIMTECH), Greater Noida has launched BIMCOIN, a blockchain-powered digital currency for campus transactions. It is the first business school in India to introduce such technology, following IIT Madras. BIMCOIN aims to provide students with real-world fintech experience and promote blockchain learning. It operates on a permissioned blockchain, ensuring secure, transparent, and decentralized transactions. Unlike traditional banking, BIMCOIN minimizes fraud and errors by securely recording transactions on the blockchain. This initiative sets a new trend for integrating digital currency in academic institutions.
Notes: Birla Institute of Management Technology (BIMTECH), Greater Noida has launched BIMCOIN, a blockchain-powered digital currency for campus transactions. It is the first business school in India to introduce such technology, following IIT Madras. BIMCOIN aims to provide students with real-world fintech experience and promote blockchain learning. It operates on a permissioned blockchain, ensuring secure, transparent, and decentralized transactions. Unlike traditional banking, BIMCOIN minimizes fraud and errors by securely recording transactions on the blockchain. This initiative sets a new trend for integrating digital currency in academic institutions.
Q 78.Which institution has introduced a new digital platform called MITRA?
Answer: Correct Answer:D [Securities and Exchange Board of India (SEBI)]
Notes: SEBI has introduced the digital platform MITRA (Mutual Fund Investment Tracing and Retrieval Assistant). MITRA helps investors track and reclaim inactive or unclaimed mutual fund folios. It addresses issues like lost investments due to outdated contact details or unawareness. Investors can identify overlooked investments and update KYC details. It is developed by Registrar and Transfer Agents (RTAs), it provides a searchable database at the industry level. SEBI has revised the Unit Holder Protection Committee (UHPC) mandate to review inactive folios, unclaimed dividends, and redemptions.
Notes: SEBI has introduced the digital platform MITRA (Mutual Fund Investment Tracing and Retrieval Assistant). MITRA helps investors track and reclaim inactive or unclaimed mutual fund folios. It addresses issues like lost investments due to outdated contact details or unawareness. Investors can identify overlooked investments and update KYC details. It is developed by Registrar and Transfer Agents (RTAs), it provides a searchable database at the industry level. SEBI has revised the Unit Holder Protection Committee (UHPC) mandate to review inactive folios, unclaimed dividends, and redemptions.
Q 79.Which bank became the first Indian bank to implement compliance for the Digital Personal Data Protection Act 2023?
Answer: Correct Answer:A [Axis Bank]
Notes: Axis Bank became the first Indian bank to implement compliance for the Digital Personal Data Protection Act (DPDP Act) 2023 in partnership with Privy by IDfy. The DPDP Act 2023 sets new standards for data protection and accountability. It requires privacy notices in 22 languages, maintaining consent records, obtaining parental consent for minors, and reporting privacy breaches. The initiative reflects Axis Bank’s commitment to customer privacy, ethics, and transparency.
Notes: Axis Bank became the first Indian bank to implement compliance for the Digital Personal Data Protection Act (DPDP Act) 2023 in partnership with Privy by IDfy. The DPDP Act 2023 sets new standards for data protection and accountability. It requires privacy notices in 22 languages, maintaining consent records, obtaining parental consent for minors, and reporting privacy breaches. The initiative reflects Axis Bank’s commitment to customer privacy, ethics, and transparency.
Q 80.Who has been appointed Principal Secretary-2 to Prime Minister Narendra Modi?
Answer: Correct Answer:A [Shaktikanta Das]
Notes: Former RBI Governor Shaktikanta Das has been appointed Principal Secretary-2 to Prime Minister Narendra Modi. His selection was approved by the Appointments Committee of the Cabinet. He is a 1980-batch IAS officer from the Tamil Nadu cadre. His tenure will last until the Prime Minister’s term ends or until further orders.
Notes: Former RBI Governor Shaktikanta Das has been appointed Principal Secretary-2 to Prime Minister Narendra Modi. His selection was approved by the Appointments Committee of the Cabinet. He is a 1980-batch IAS officer from the Tamil Nadu cadre. His tenure will last until the Prime Minister’s term ends or until further orders.
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