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Question 1

LIC hikes/ increases its stake in which 2 banks?
from to?
no. of shares
over a period
through

Answer 1

BOB
* from 5.03% to 7.05%
* by acquiring 10.45 crore shares
* over a period of 1.5yrs
BOM
* from 4.05% to 7.10%
* through a Qualified Institutional Placement (QIP)

Question 2

India’s First Foundational Large Language Model (LLM)
* Under which mission
 * Selected company? Place?
 * How long will it take to develop?
 * Where will it be developed and what data will it use?
 * Capabilities of the model?
 * Size
* Match which models?
 * Government support?
 * which companies?

Answer 2

• IndiaAI Mission
   * Sarvam AI , bglr. Out of 67 applications
  
  • 6 months
     * Built in India; use vast data of Indian languages and cultures
     * Handle voice-based tasks in Indian languages and excel in advanced reasoning
     * 70 billion parameters; becomes equal to
    ○ OpenAI’s GPT-3/GPT-4
    ○ Meta’s LLaMA
     * Government to provide 4,000 high-end GPUs for 6 months, supplied by
    ○ Yotta Data Services
    ○ Tata Communications
    ○ E2E Networks

Question 3

MoU to enhance banking services at India’s land ports.
 * MoU btw who?
 * How many land ports will this cover?
* Trarget yr?

Answer 3

SBI + MoU + Land Ports Authority of India (LPAI)
  Across 26 land ports bordering neighbouring countries
 * by 2030
₹80,000 crore to ₹2 trillion

Question 4

PRAVAAH Portal
* PRAVAAH full form
* Who launched it?
* When was it launched?
 * From when is it mandatory to use this portal?
 * Purpose of the portal?
 * How many application forms can be submitted online for 1 entity?
 * Additional features for applicants?

Answer 4

Platform for Regulatory Application, VAlidation and AutHorisation
* RBI
 * 28 May, 2024
 * May 1, 2025
 * To apply for authorisation, license, or regulatory approval from RBI
 * 60
 * Applicants can track applications, monitor status, and receive RBI decisions in a time-bound manner

Question 5

ADB loan for Healthcare education and infrastructure 2024
 * How much funding was pledged in loans and grants?
 * How much cofinancing was included?

Answer 5

$5 billion in loans and grants
 * $2.2 billion in cofinancing
* Why?

Question 6

Streamline KYC Verification Services for MF investors across India
which entity MoU?

Answer 6

DoPosts + MoU + SBI Mutual Fund (SBI Funds Management Limited (SBIFM))

Question 7

To promote financial literacy and investor protection across India
 * who is doing this?
 * How will the bank contribute to this initiative?
 * What channels will be used for outreach?

Answer 7

Kotak Mahindra Bank + MoU + Investor Education and Protection Fund Authority (IEPFA)
  digital investor education through awareness initiatives and outreach campaigns
 * Utilizing ATMs, mobile apps, websites, and social media

Question 8

“Niveshak(Investor) Shivir(Camps)” Initiative
 * Jointly launched by which two institutions?
 * What is the purpose of this initiative?
 * When and where will the camps begin?
 * What services will be provided to investors?

Answer 8

Investor Education and Protection Fund Authority (IEPFA) + Securities and Exchange Board of India (SEBI)
  To boost digital investor awareness
simplify reclaiming unclaimed dividends and shares
strengthen financial literacy
 * May 2025
in Mumbai and Ahmedabad
 * One-stop kiosks will assist investors with
KYC updates
claim verification
grievance redressal
fraud prevention

Question 9

Turbo UPI Plugin Initiative
* Launched by?
* Launched when?
* Built on which platform?
* Purpose / Benefit?

Answer 9

*Razorpay + NPCI BHIM Services Limited + Axis Bank
* 9 April, 2025
* BHIM Vega platform
*complete UPI payments directly within an app, eliminating
the need for redirection to third-party apps

Question 10

2025 Innovators List
* When?
* Awarded by?
* Most Innovative Financial Institution 2025 Awarded to?
* 1st central bank to receive this honor
* Recognized for which initiative?
* What does the initiative do?
* Why is it significant?

Answer 10

• 8 Apr, 2025
• Global Finance
  
  • RBI
  • RBI
• Unified Lending Interface (ULI) initiative
  *ULI improves lender access to borrowers’ financial data, streamlining and enhancing transparency in the lending process.
  This innovation supports financial inclusion, making credit more accessible, especially to underserved communities.

Question 11

India’s Steel Imports FY25
 * Major contributing countries?
 * Total imports and exports, trade deficit in FY25?
 * Reason for the trade deficit?
 * Measure recommended to address the issue?
* Who recommended?
* top 5 countries crude steel production

Answer 11

China and Vietnam
* Imports: 9.5 million tonnes;
○ Exports: 5 million tonnes
○ Deficit: 4.5 mn T (10yr high)
  cheaper imports from China and Vietnam
 * 12% safeguard duty on imports
* Directorate General of Trade Remedies
* China, IN, japan, US, RUS

Question 12

for Infrastructure Financing in IN
 * who is doing it?

Answer 12

New Development Bank (NDB) +MoU+ National Bank for Financing Infrastructure and Development (NaBFID)

Question 13

New Dairy Brand Mascot
 * Which organization launched the mascot
* Diary brand name?
* Mascot name?

Answer 13

Milkfed (Punjab State Cooperative Milk Producers Federation)
* verka
* Veera

Question 14

ADB Loan for Industrial Infrastructure
* Which state is receiving?
*which estates?
* How much loan?

Answer 14

*Tripura
* Nine industrial estates:
Bodhjungnagar
Kumarghat
R.K. Nagar
Dharmanagar
Dhajanagar
Dukli
Deewanpasma
Nagicherra
Sarasima
* $85.4 million

Question 15

PaRRVA Registration
Full form?
CRA full form?
who introed it?
Question 2: Purpose?
Question 3: eligibility criteria to register?
Question 4: What is the purpose of the pilot phase for PaRRVA? how long pilot phase?
Question 5: What are the mandatory disclosure rules under PaRRVA?

Answer 15

Past Risk and Return Verification Agency
credit rating agency
SEBI
Answer 2: Ensures transparency and prevents misleading claims about financial product returns and risks
Answer 3: only CRAs
Minimum 15 years of experience
net worth of at least ₹100 crore
Answer 4: Testing verification services based on historical risk and return metrics
2 month
Answer 5: Disclaimers

Question 16

RRB Amalgamation
started when? by whom?
based on the recommendation of? on?
Phases
Question 3: What is the target for priority sector lending as percentage of ANBC or CEOBE for RRBs? fullform?
Question 4: What is the authorised capital of each RRB as per the 2014 amendment?

Answer 16

*2005 - 06, GoI
*Dr V S Vyas committee (2004)
on “Flow of Credit to Agriculture and Related Activities from the Banking System”
Phases Year RRB no. comment
1st 2005-06 196 to 82 RRBs promoted by sponsor banks within a state were amalgamated
2nd 2012-15 82 to 56 RRBs were amalgamated across the Sponsor banks within a State
3rd 2018-21 56 to 43 ‘One state - One RRB’, in smaller states and reduction in
number of RRBs in larger states
4th 2025 43 to 28 continuation
Answer 3: 75%
* Average Net Bank Credit
* Capital, Earnings, and Other Bank Equity
Answer 4: Rs 2000 crore

Question 17

RRB
PSL, CRAR, ANBC, CEOBE full form?
set up on the recommendation of? on?
How many set up that yr and when?
1st bank? sponsor?
what act?
ownership structure?
requirements?
Changes made by RRB amendment act 2015?
no RRB in the state of?
How many banks are sponsors of RRB?
Pvt SB name?
only public sector bank which has not sponsored any RRB?
second highest number of branches?
least number of branches?

Answer 17

*priority sector lending
Capital to Risk-Weighted Assets Ratio
Adjusted Net Bank Credit
Credit Equivalent of Off - Balance Sheet Exposure
*Narasimham Committee
on Rural Credit 1975
* 5 RRB on 2 oct 1975
*Prathama Bank,
Moradabad (U.P.)
sponsored by Syndicate Bank
* RRB act 1976
*Government of India – 50%
State Government – 15%
Sponsor Bank – 35%
*CRAR - 9%
ANBC / CEOBE (whichever is higher) - 75% to PSL
authorized capital - Rs 5 cr - 5 lakh shares of Rs 100 each
* authorized capital - Rs 5 cr to Rs 2000 cr - divided into Rs 200 crore of fully paid share of Rs 10 each
minimum issued capital - Rs 25 L to Rs 1 cr
combined shareholding GoI and the sponsoring banks !< 51% in any case
* 11 PSB, 1 Pvt SB
*Jammu and Kashmir bank
* Punjab and Sindh Bank
* MP
* Nagaland

Question 18

Finance Act 2025
presidential assent on?
eff from?
Question 1: What is the revised rebate limit under Section 87A for the new tax regime? no tax liability for incomes up to ? saving taxpayers up to ?
Question 3: What are the key changes in the new tax regime under Section 115BAC?
Question 4: What is the revision related to the equalisation levy on digital advertisements?
Question 5: Deemed Let-Out Property Relaxation?
Question 6: Which sections related to higher TDS/TCS requirements for non-filers have been omitted?
Question 7: What is the extended deadline for updated ITR (ITR-U) filing?
Question 8: How are ULIP proceeds taxed as per the Finance Act 2025?
Question 9: What is the new deduction under NPS Vatsalya for parents’ contributions for minors?Section 80CCD

Answer 18

• 29 mar 2025
• 1 Apr 2025
  Answer 1: Rs25000 to ₹60,000
  ₹12 lakh
  ₹80,000 annually
  Answer 3: Revised slab rates to increase disposable income; new regime is default unless old regime is opted for
  Answer 4: Eliminated as of April 1, 2025 (6% levy discontinued)
  Answer 5: Up to two house properties
  Answer 6: Sections 206AB and 206CCA
  Answer 7: 48 months (until March 31, 2030, for AY 2026-27)
  Answer 8: Taxed as capital gains: 20% STCG or 12.5% LTCG if exceeding premium thresholds
  Answer 9: ₹50,000 deduction

Question 19

HIL Ltd Rebranding
Question 1: What is the new name of HIL Ltd as of April 3, 2025?
Question 2: part of which group?

Answer 19

Answer 1: BirlaNu Ltd
Answer 2: CK Birla group

Question 20

RBI FPI Investment Limits FY 2025-26
Question 1: % limits unchanged?
Question 4: Rupee-Denominated Limits? 2025 - 26 half financial yr?
Question 6: Under which route are all eligible FPI investments in specified securities reckoned?
Question 7: How is the incremental change in G-Sec limit allocated?

Answer 20

Answer 1: Government Securities (G-Secs): 6%
State Government Securities (SGSs): 2%
Corporate Bonds: 15%
Answer 4: Government Bonds:
April - Sept 2025 : ₹2.79 trillion
Oct 2025 - Mar 2026 : ₹2.89 trillion
Corporate Bonds:
April - Sept 2025 : ₹8.22 trillion
Oct 2025 - Mar 2026 : ₹8.8 trillion
Answer 6: Fully Accessible Route (FAR)
Answer 7: 50:50 between ‘General’ and ‘Long-term’ sub-categories

Question 21

PFRDA Chairperson Appointment
full form
when?
by whom?
Question 1: Who was appointed as the Chairperson of PFRDA on April 1, 2025?
Question 2: What is the tenure of the PFRDA Chairperson?

Answer 21

Pension Fund Regulatory and Development Authority
April 1, 2025
Appointments Committee of the Cabinet (ACC)
Answer 1: Sivasubramanian Ramann
Answer 2: Five years

Question 22

Aditya Birla Capital Ltd (ABCL) Amalgamation
*with which company?
Question 1: When ?
Question 2: What was the result of the amalgamation?
Question 3: Which authority approved the amalgamation?
*approve when?
*Transition from what to what?

Answer 22

*Aditya Birla Finance
Answer 1: April 1, 2025
Answer 2: NBFC
Answer 3: National Company Law Tribunal (NCLT), Ahmedabad Bench
*March 24, 2025
*Core Investment Company to an operating NBFC

Question 23

EPFO Executive Committee meeting
Full form?
which edi?
Question 1: What is the new auto-settlement limit for advance claims approved?
Question 3: For what purposes can EPF members use auto-settlement for claims?
Question 4: What digital feature did EPFO introduce to improve ease of access?

Answer 23

Employees’ Provident Fund
113th
Answer 1: ₹1 lakh to ₹5 lakh
Answer 3: Medical treatment, education, marriage, and housing
Answer 4: UPI withdrawal integration

Question 24

Which is the first bank in India to install an ATM on a Indian Railway train?
ATM full form?
Which train? What is it?
Who shared this info ? How?
Train managed by ?
covers the distance in time?

Answer 24

• BOM
  
  • automated teller machine (ATM)
  • Mumbai-Manmad Panchavati Express.
    ○ It is an intercity train that connects Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT) to Manmad in Nashik district.
  • Union Railway Minister Ashwini Vaishnaw on his social media
  • Central Zone of the Indian Railway
    4.5 hrs

Question 25

2025 Global/ World's top 100 banks list by total assets By? IN banks in the list? Ranks? Rise / fall by? What ranking name? Released on? Which country dominated? 1st rank?

Answer 25

S&P Global SBI (43)(4 rise) & HDFC (73) (1 rise) 2025 S&P Global Market Intelligence ranking on April 16, 2025 Chinese banks, Industrial and Commercial Bank of China (ICBC)

Question 26

Trade Data of 2024-25 Indian total exports ( merchandise and services)? Growth rate? Indian total imports ( merchandise and services) ? trade deficit? Trade Data of March 2025. same

Answer 26

437 | 720 || 41 | 63 383 | 194 || 31 | 14 * Export Merchandise – $437.42 billion ($437.07 billion) growth 5.5% Service – $383.51 billion ($341.06 billion) Total – $820.93 billion ($778.13 billion) * Import Merchandise – $720.24 billion ($678.21 billion) Service – $194.95 billion ($178.31 billion) Total – $915.19 billion ($856.52 billion) * Deficit (–)/Surplus (+) Merchandise – $282.82 billion (–$241.14 billion) Service +$188.56 billion (+$162.75 billion) Total –$94.26 billion (–$78.39 billion) *March 2025 * Export Merchandise – $41.97 billion Service – $ 31.64 billion Total – $ 73.61 billion * Import Merchandise – -$63.51 billion Total –$ 77.23 billion * Deficit (–)/Surplus (+) Total – $3.62 billion

Question 27

Which company recently changed its parent entity name ? IPO full form? Parent company? To what? Why?

Answer 27

Zepto Initial Public Offering Kiranakart Technologies Private Limited to Zepto Private Limited. to align with its brand ahead of a potential IPO

Question 28

Who has been appointed Vice-President of the Asian Infrastructure Investment Bank (AIIB)?

Answer 28

Ajay Bhushan Pandey

Question 29

'Grahak (Customer/ Client) Mitras' initiative What is it? Launched by? How?

Answer 29

* help walk-in customers navigate self-service and alternate banking options * SBI * by deploying trained personnel from SBI’s subsidiary, SBOSS, across nearly 4,500 branches

Question 30

Simplified rules and regulations for opening and operating minor bank accounts By? Date? Act? Banks Covered

Answer 30

RBI 21 April 2025 under sections 35a and 56 of the Banking Regulation Act 1949. * Commercial banks * Urban (Primary) Co-operative Banks * State Co-operative Banks District Central Co-operative Banks

Question 31

Which coal PSU is set to become the first in India to adopt paste-fill technology for coal mining?

Answer 31

South Eastern Coalfields Limited (SECL)

Question 32

crossed the ₹15-trillion (LCr) market capitalisation mark Firms? And their valuation? When? Which bank for the first time?

Answer 32

1. Reliance (₹17.5 lakh crore) 2. TCS (February 2024) 3. HDFC bank

Question 33

'AI Careers for Women' initiative Launched by? Why? For whom? What are they going to do?

Answer 33

* Ministry of Skill Development and Entrepreneurship (MSDE) + Microsoft * to address gender disparity in the tech sector. * 20,000 women from Tier-II and Tier-III towns across 6 states * offering them a 240-hour AI-focused curriculum developed in alignment with industry Standard

Question 34

State of the Economy report When? Net FDI ? Gross FDI ? Sector-wise FDI Source Countries?

Answer 34

April 2025 April 2024–February 2025 $1.5 billion (-) April 2023–February 2024 $11.5 billion April 2024–February 2025 $75.1 billion (+15.2%) April 2023–February 2024 $65.2 billion 1. Manufacturing – 24.1% of total 2. Financial services 3. Electricity 1. Singapore – 29.8% of total 2. Mauritius 3. United States

Question 35

Bank.in domain is a website primarily associated with? why? who wants all banks to move to this? launched when? by when? who is exclusive registrar for this domain or Who will facilitate? who authorises?

Answer 35

A) Information on Indian banking and financial services. >enhance cybersecurity, prevent fraud, and make digital banking safer >RBI >7 Feb 2025 > 31 oct 2025 > Institute for Development and Research in Banking Technology (IDRBT) >National Internet Exchange of India (NIXI), under MeitY

Question 36

National Steel Policy and Status of India largest producer of crude steel in the world ranks? India's crude steel production? Targets? largest iron ore-producing country in the world? largest producer of Sponge iron in the world.

Answer 36

Crude steel 1st - China 2nd - IN 3rd - JP 4th - USA 5th - RUS April -December 2024- 110.99 million tonnes Target yr-2030 Steel production capacity - 300 million tonnes of steel per year Per capita steel consumption - 160 Kgs per year (+) Iron ore 1st- Australia 2nd- Brazil 3rd- China 4th- India Sponge iron 1st - IN

Question 37

Who has been re-appointed as the Deputy Governor of the RBI in april? * new term start? * How many extensions has he had? Any other positions he holds?

Answer 37

* T. Rabi Sankar * May 3, 2025,1yr term * This is his second extension since initial appointment in May 2021 Appointed as a part-time Member of the 16th Finance Commission (XVIFC) by president

Question 38

RBI Revised Liquidity Coverage Ratio (LCR) Norms * When will the new LCR norms come into effect? * What is the revised run-off rate for retail and small business deposits with internet and mobile banking (IMB) for digital deposits? * HQLA * non callable * Funding from non-financial entities? *What is the estimated impact of these changes on banks’ LCR? * RBI estimate based on date

Answer 38

* Effective April 1, 2026 * stable IMB deposits 5% → 7.5% Less stable deposits 10% → 12.5% (2.5% additional) *(High Quality Liquid Assets) govt sec at market value minus haircuts (dicounts) based on LAF (Liquidity Adjustment Facility)/MSF (Marginal Standing Facility). *becomes callable *trusts, partnerships, LLPs) now has a reduced run-off rate of 100% → 40% (-) * improve banks’ LCR by ~6 percentage points, with all banks comfortably meeting the minimum 100% requirement * 31 dec 2024

Question 39

Gold Recycling ATMs * Which company developed the Gold Recycling ATMs? * Introduced where? * How long does it take to receive the cash? What are the minimum requirements for gold items?

Answer 39

* Kinghood Group * Shanghai, China * to the user's bank account within 30 minutes Minimum weight of 3 grams and at least 50% purity

Question 40

Extension of Automated Trading Window Framework * By? * why? How is it Implemented?

Answer 40

* SEBI * To include immediate relatives of designated persons in listed companies. To curb inside trading. * Phase 1: Applies to the top 500 listed companies starting July 1, 2025. Phase 2: Expands to all listed companies by October 1, 2025.

Question 41

RBI Monetary Penalty on Indian Overseas Bank (IOB) – April 2025 * How much penalty? * RBI norms * Why was the penalty imposed?

Answer 41

* Rs 63.60 lakh * violating RBI norms ○ Agricultural loans up to Rs 2 lakh (since January 1, 2025, Rs 1.60 lakh → Rs 2 lakh) ○ MSME loans up to Rs 10 lakh are collateral-free * IOB obtained collateral security for ○ agricultural loans up to Rs 1.60 lakh ○ MSE loans up to Rs 10 lakh

Question 42

RBI Monetary Penalty on Mahindra & Mahindra Financial Services Limited – April 2025 * penalty? * Why was the penalty imposed?

Answer 42

* Rs 71.30 lakh For non-compliance with RBI directives identified during regulatory audit

Question 43

India’s New Nuclear Power Sector Policy * Launched by? * Allows foreign companies to acquire up to what % in India’s nuclear power sector? * why was this change introduced? Target yr?

Answer 43

* GoI * 49% ownership * Aims to attract foreign investment and scale up nuclear energy as part of India’s clean energy transition. * Target yr: 2047 ○ Expand nuclear capacity 8 GW →100 GW (x12)

Question 44

Liberalised Remittance Scheme (LRS)  * Report released by?  * Total outward remittances amount (current vs previous year)?  * Which category contributed the most?  * Which categories declined the most?  * Which category increased?

Answer 44

* RBI * Total outward remittances amount Apr 2024 – Feb 2025 $27.02 billion (-8.2%) Apr 2023 – Feb 2024 $29.43 billion * largest contributor International Travel — $15.84 billion(-1%) * Most Declined ○ Education abroad- $2.76 billion (-16%) ○ Maintenance of relatives- $3.3 billion(-22%) * increased Immovable property purchases - $277.7 million(+28.32%)