Business,Economy & Banking Current Affairs QUIZ 1 / 30 Where does the rupee go the most and where does the rupee mostly come from, as per the Budget 2024-2025? Goes to Defense, Comes from Income Tax Goes to Subsidies, Comes from Corporation Tax Goes to States' share of Taxes and Duties, Comes from Borrowing and Other Liabilities Goes to Central Sector Scheme, Comes from GST & other taxes The correct answer is Goes to States' share of Taxes and Duties, Comes from Borrowing and Other Liabilities. 2 / 30 Which insurance plan launched by LIC provides financial protection to the insured's family in case of death and is available exclusively online? Jeevan Anand Jeevan Labh Digi Term Insurance Plan Yuva Insurance Plan The correct answer is LIC's Digi Term Insurance Plan. 3 / 30 Which bank has launched the ultra-premium 'Primus' credit card for high-net-worth individuals? HDFC Bank ICICI Bank State Bank of India Axis Bank The correct answer is Axis Bank. 4 / 30 Which Indian bank is the first to introduce real-time tracking for international transfers through Swift GPI? IDFC FIRST Bank HDFC Bank State Bank of India Paytm Payments Bank The correct answer is IDFC FIRST Bank.• IDFC FIRST Bank has become the first Indian bank to offer real-time tracking for cross-border payments. 5 / 30 For which purpose has the UPI transaction limit been increased to Rs 5 lakh per transaction? Online shopping Tax payments Utility bill payments Travel bookings The correct answer is Tax payments. 6 / 30 What is the new limit for collateral-free agricultural loans set by the RBI? Rs 1 lakh Rs 1.6 lakh Rs 2 lakh Rs 2.5 lakh The correct answer is Rs 2 lakh.• RBI has increased the collateral-free agricultural loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025. 7 / 30 Which organization has awarded the "Risk Manager of the Year Award 2024" to the Reserve Bank of India (RBI)? International Monetary Fund (IMF) World Bank Central Banking Financial Times The correct answer is Central Banking. 8 / 30 Which two organizations partnered to launch the UPI-focused payments platform 'UPISetu'? Paytm and Setu Google Pay and ICICI Bank Setu and Axis Bank Pine Labs and Setu The correct answer is Setu and Axis Bank.• UPISetu is a UPI-focused payments platform developed by Setu, a Pine Labs-owned company. 9 / 30 Consider the following statement regarding Bima Sugam Portal:1. Bima Sugam is like an e-commerce platform where insurance companies can sell their products.2. It will act as a single interface for customers, intermediaries, and agents.Which of the statements given above is/are correct? 1 Only 2 Only Both 1 and 2 Neither 1 nor 2 The correct answer is option 3. 10 / 30 Which bank has become the first trading and clearing member of the India International Bullion Exchange (IIBX)? HDFC Bank Axis Bank ICICI Bank State Bank of India The correct answer is State Bank of India (SBI).• The State Bank of India (SBI) announced it has become the first bank to be a trading-cum-clearing member at the India International Bullion Exchange (IIBX) in GIFT City, Gandhinagar. 11 / 30 Which bank has launched the UPI-enabled RuPay Wave Credit Card? HDFC Bank ICICI Bank Federal Bank Axis Bank The correct answer is Federal Bank. 12 / 30 What is the new transaction limit for UPI 123Pay after the RBI increase? Rs 5,000 Rs 10,000 Rs 15,000 Rs 20,000 The correct answer is Rs 10,000. 13 / 30 What is the name of the Al-powered facial recognition tool introduced by Airtel Payments Bank? Face Guard Secure Face Face Match Face ID The correct answer is Face Match.• Airtel Payments Bank introduces Al-powered facial recognition to bolster security. 14 / 30 To which agency has SEBI recognised as the supervisory body for research analysts and investment advisers? NABARD BSE Ltd NSDL CDSL The correct answer is BSE Ltd. 15 / 30 What is the name of the new UPI payment app launched by Bank of Baroda? BoB World Pay Baroda mDigiNext bobईPay BoB World Wave Smart The correct answer is option 3. 16 / 30 Which fintech company launched India's first multi-brand co-branded credit card in partnership with RuPay and Yes Bank? PhonePe Super Money POP Amazon Pay The correct answer is POP. 17 / 30 Which of the following statements are correct based on the Economic Survey 2023-2024?1. The female Labour Force Participation Rate (LFPR) rose to 37% in 2022-2023 from 23.3% in 2017-2018.2. 55.6% of the PM Jan Dhan Yojana accounts are held by women as of May 2024.3. 77.7% of the loans sanctioned under PM Mudra Yojana are to women.4. More than 53% of the Prime Minister's Rural Digital Literacy Campaign (PMGDISHA) beneficiaries are women as of July 2023. Only statements 1 and 2 are correct Only statements 1, 2, and 3 are correct Only statements 1, 2, and 4 are correct All statements are correct The correct answer is Only statements 1, 2, and 4 are correct. 18 / 30 What is the name of the credit education program launched by Women Entrepreneurship Platform and TransUnion CIBIL to enhance financial literacy among women entrepreneurs? SEHER UDAAN PRAGATI SHAKTI The correct answer is SEHER. 19 / 30 What is the purpose of the Foreign Portfolio Investor (FPI) outreach cell launched by SEBI? To regulate stock prices occurred due foreign stock manipulation To enhance the experience of foreign investors in the Indian securities market To provide loans to foreign investors interested in organic farming To monitor domestic investments from abroad in organic farming sector The correct answer is To enhance the experience of foreign investors in the Indian securities market.• Sebi has launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to simplify and enhance the experience of foreign investors in the Indian securities market. 20 / 30 What is India's Long-Term Foreign-Currency Issuer Default Rating (IDR) maintained by Fitch Ratings? BBB+ BB+ BBB- A- The correct answer is BBB-.• Fitch Ratings has maintained India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. 21 / 30 Which mutual fund company launched India's first oil & gas Exchange-Traded Funds? HDFC Mutual Fund ICICI Prudential Mutual Fund SBI Mutual Fund Axis Mutual Fund The correct answer is ICICI Prudential Mutual Fund. 22 / 30 As per NITI Aayog member Arvind Virmani, what is the estimated growth rate of the Indian economy for the fiscal year 2024-25? 6% 6.5% 7% 7.5% The correct answer is 7%. 23 / 30 Consider the following statements regarding the Economic Railway corridor announced programme in Budget 2024-25:1. Energy, mineral, and cement corridor, also being referred to as Energy Economic Corridor.2. Port connectivity corridor also known as Rail Sagar.3. High traffic density corridors also known as Amrit Chaturbhuj.Which of the following is/are correct? 1 and 2 2 and 3 1 and 3 1, 2 and 3 The correct answer is Option 4. 24 / 30 What is the theme of the Economic Survey 2023-24 as stated by the Chief Economic Advisor (CEA)? Recovery Complete: India's Medium-term Growth Outlook With Optimism and Hope Hope Never Shatters Saving Lives and Livelihoods All Hands on Table The correct answer is All Hands on Table. 25 / 30 Consider the following statements regarding the SCORES online system launched by SEBI:1. SCORES stands for SEBI Complaint Redress System.2. The SCORES 2.0 system aims for efficient complaint redressal within 24 hours.Which of the above statements is/are CORRECT? One only Two only Both of the above None of the above The correct statement is One only.⚫ SEBI has launched SCORES 2.0 aiming for efficient complaint redressal in 21 days. 26 / 30 Which of the following banks has launched India's first Corporate Credit Card on RuPay network? Canara Bank ICICI Bank IndusInd Bank State Bank of India (SBI) The correct answer is IndusInd Bank.• 'eSvarna': IndusInd Bank introduces UPI-enabled credit card on the RuPay network. 27 / 30 Which bank has become the first private bank to open a branch in Lakshadweep? Indian Overseas Bank HDFC Bank ICICI Bank Axis Bank The correct answer is HDFC Bank.• HDFC Bank has opened a branch in Kavaratti Island in Lakshadweep. 28 / 30 What is the name of the initiative launched by LIC of India aimed at transforming the agency ecosystem? Jeevan Saathi Jeevan Rakshak Jeevan Samarth Jeevan Suraksha The correct answer is Jeevan Samarth. 29 / 30 Who became India's largest trading partner in FY24? China USA Russia UAE The Correct Answer is China.⚫ China largest trading partner of India in FY24 with $118.4 bn; US second with $118.3 bn. 30 / 30 According to the FM Smt. Nirmala Sitharaman, the Union Budget 2024-25 have__________priority areas to ensure the overall development of the nation. 5 9 12 15 The correct answer is 9. Your score isThe average score is 0% 0% Restart quiz