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Ques : Jharkhand government inked a contract with which bank related to
employee salaries ?
झारखंड सरकार ने कर्मचाररयों के वेतन से संबंधित ककस बैंक के साथ अनब
ु ंि पर
हस्ताक्षर ककए?

(a) UCO Bank / यक

ू ो बैंक
(b) Axis Bank / एक्सिि बैंक
(c) State Bank of India / स्टे ट बैंक ऑफ इंडिया
(d) J&K Bank / जम्मू और कश्मीर बैंक
(e) Bank of Baroda / बैंक ऑफ बड़ौदा

Answer: Option C

Explanation :

 SBI and the Jharkhand government inked a contract related to employee

salaries.
 In the presence of CM Hemant Soren, the bank and the finance
department signed the Memorandum of Understanding (MoU).
 According to the deal, state government employees with pay accounts
with SBI will receive a number of advantages, such as health insurance,
life insurance, and accidental insurance coverage of up to Rs 1 crore, at
no additional cost.
 In Jharkhand, SBI runs about 2,600 Customer Service Points (CSPs), 1,260
ATMs, and 580 branches.

Ques: What is the name of India's first index fund offering exposure to the
BSE Internet Economy Index, launched by Edelweiss Mutual Fund in 2025?
2025 र्ें एडेलवाइस म्यूचअ
ु ल फंड द्वारा लॉन्च ककए गए बीएसई इंटरनेट इकोनॉर्ी
इंडक्
े स र्ें ननवेश का अवसर प्रदान करने वाले भारत के पहले इंडक्
े स फंड का नार् क्या है ?

(a) Edelweiss Digital Innovation Fund / एिेलवाइि डिक्जटल इनोवेशन फंि

(b) Edelweiss BSE Internet Economy Index Fund / एिेलवाइि बीएिई इंटरनेट
इकोनॉमी इंिस
े ि फंि
(c) Edelweiss New Age Technology Fund / एिेलवाइि न्यू एज टे सनोलॉजी फंि
(d) Edelweiss Internet Leaders Fund / एिेलवाइि इंटरनेट लीििस फंि
(e) Edelweiss Tech Growth Fund / एिेलवाइि टे क ग्रोथ फंि

Answer: Option B

Explanation:

• Edelweiss Mutual Fund launched the Edelweiss BSE Internet Economy Index
Fund, India’s first index fund focusing on the BSE Internet Economy Index.
• Investors can invest a minimum of Rs.100 and in multiples of Rs.1 thereafter.
• Bhavesh Jain and Bharat Lohoti are the fund managers.
• The new fund offer or NFO of the scheme will open for subscription between
April 25 and May 9.
• The fund covers 11 sub-industries like e-retail, fintech, e-learning, and digital
entertainment.

About Edelweiss Mutual Fund :

 Established : 1995
 HQ : Mumbai, Maharashtra
 Chairman & CEO : Rashesh Shah

Ques: Which co-operative bank had its license revoked by the Reserve Bank
of India in 2025 due to insufficient capital and growth potential?
2025 र्ें पंज
ू ी और ववकास की संभावनाएं अपयामप्त होने के कारण भारतीय ररजवम बैंक
द्वारा ककस सहकारी बैंक का लाइसेंस रद्द ककया गया?

(a) Ajantha Urban Co-operative Bank / अजन्ता अबसन को-ऑपरे टटव बैंक
(b) Imperial Urban Co-operative Bank / इम्पीररयल अबसन को-ऑपरे टटव बैंक
(c) Punjab & Maharashtra Co-operative Bank / पंजाब एंि महाराष्ट्र को-ऑपरे टटव
बैंक
(d) Saraswat Co-operative Bank / िारस्वत को-ऑपरे टटव बैंक
(e) Abhyudaya Co-operative Bank / अभ्यद
ु य को-ऑपरे टटव बैंक

Answer: Option B

Explanation:

• The Reserve Bank of India (RBI) revoked the license of Imperial Urban Co-
operative Bank, located in Jalandhar, in 2025.
• The bank failed to comply with Sections 11(1), 22(3)(d), and 56 of the
Banking Regulation Act, 1949 due to insufficient capital and poor earnings
potential.
• 97.79% of depositors are eligible to receive their full deposit amount from
DICGC (Deposit Insurance and Credit Guarantee Corporation).

Ques : Which company topped the list of CSR spenders among listed firms in
FY 2023-24?
ववत्त वर्म 2023-24 र्ें सच
ू ीबद्ध कंपननयों र्ें सबसे अधिक CSR खचम करने वाली कंपनी
कौन थी?

A) Reliance Industries
B) ONGC
C) HDFC Bank
D) TCS
E) ICICI Bank

Answer : Option C

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Explanation :

• As per data from PRIME Database, listed companies in India spent a total of
Rs.17,967 crore on Corporate Social Responsibility (CSR) in FY 2023-24,
marking a 16% increase over the previous year’s figure of Rs.15,524 crore.
• The rise is attributed to an 18% increase in average net profits of these
companies, which directly affects their mandatory CSR allocations.
• HDFC Bank led the CSR spending with Rs.945.31 crore, followed by Reliance
Industries (Rs.900 Cr) and TCS (Rs.827 Cr).
• The top sectors receiving CSR funds were Education (Rs.1,104 Cr) and
Healthcare (Rs.720 Cr), along with areas like skill development, national
heritage, armed forces welfare, and environmental conservation.
• This reflects how profit growth in corporate India is translating into greater
social investment, in line with the CSR mandate under the Companies Act,
2013.

Ques : According to FM Sitharaman, what is the target number of daily UPI

transactions NPCI must achieve in the next 2–3 years?
ववत्त र्ंत्री ननर्मला सीतारर्ण के अनस
ु ार, NPCI को अगले 2–3 वर्ों र्ें प्रनतददन ककतने
UPI लेनदे न का लक्ष्य रखना चादहए?

A. 50 crore
B. 125 crore
C. 150 crore
D. 75 crore
E. 100 crore

Answer : Option E

Explanation :

• Finance Minister Nirmala Sitharaman has asked NPCI to set a goal of 100
crore UPI transactions per day in the next 2–3 years.
• This is nearly double the current daily average of 53–63 crore.
• The goal supports internationalisation, better scalability, security, and user
confidence in the UPI system.
FY25 Stats at a Glance :

 Total Value : Rs.261 lakh crore

 Users : ~45 crore
 Growth Rate : 30% in value, 42% in volume YoY

Ques: What was the gross GST collection recorded in April 2025, marking a
12.6% YoY growth?
अप्रैल 2025 र्ें सकल जीएसटी संग्रह क्या रहा, जजसर्ें 12.6% की वावर्मक ववृ द्ध दजम की
गई?

A) Rs.2.1 lakh crore

B) Rs.2.29 lakh crore
C) Rs.2.37 lakh crore
D) Rs.1.94 lakh crore
E) Rs.1.68 lakh crore

Answer: Option C

Explanation :

• April 2025 witnessed record GST collections of Rs.2.37 lakh crore, showing
12.6% year-on-year growth, making it the highest ever monthly collection.
• Factors behind the surge include strong domestic demand, increased
imports, year-end compliance, and 20.2% rise in e-way bill generation.
• Domestic GST: Rs.1.94 lakh crore; Import GST: Rs.46,913 crore
• Refunds up 48% and average monthly gross GST for FY25 rose to Rs.1.92 lakh
crore, compared to Rs.1.68 lakh crore in FY24.
• Central GST: Rs.48,634 crore, State GST: Rs.59,372 crore, IGST: Rs.1.15 lakh
crore and Cess: Rs.13,451 crore

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Ques : Which of the following RBI surveys focuses on rural and semi-urban
households' perceptions of the economy?
ननम्नललखखत र्ें से कौन सा आरबीआई सवेक्षण ग्रार्ीण और अिम-शहरी पररवारों की
अथमव्यवस्था की िारणा पर केंदित है ?

A. IESH
B. UCCS
C. RCCS
D. CMIE Survey
E. PMI Index

Answer : Option C

Explanation :

• RBI has launched three important surveys in May 2025 to collect inputs for
future monetary policy decisions.
• These include the Inflation Expectations Survey of Households (IESH), Urban
Consumer Confidence Survey (UCCS), and Rural Consumer Confidence Survey
(RCCS).
• RCCS specifically focuses on rural and semi-urban households, covering 31
states/UTs, and collects data on employment, income, inflation perception,
and spending habits.
• These surveys provide qualitative insights that help the RBI assess public
sentiment and set interest rates and other monetary policy measures
accordingly.

Ques : Which financial services company partnered with NPCI to launch the
National Common Mobility Cards (NCMC) enabled Rupay cards ?
ककस ववत्तीय सेवा कंपनी ने नेशनल कॉर्न र्ोबबललटी कार्डमस (एनसीएर्सी) सक्षर् रुपे
काडम लॉन्च करने के ललए एनपीसीआई के साथ साझेदारी की?

(a) Airtel Payments Bank / एयरटे ल पेमेंट्ि बैंक

(b) Jio Financial Services / क्जयो फाइनेंशशयल िर्वसिेज
(c) FINO Payments Bank / फफनो पेमेंट्ि बैंक
(d) Paytm Payments Bank / पेटीएम पेमेंट्ि बैंक
(e) Jio Payments Bank / क्जयो पेमेंट्ि बैंक

Answer : Option A

Explanation :

 The National Payments Corporation of India (NPCI) and Airtel Payments

Bank, a division of Bharti Airtel, have teamed together to introduce
Rupay cards that are compatible with National Common Mobility Cards
NCMC).
 The "One Nation, One Card" concept of the Government of India (GoI),
which seeks to offer smooth and compatible digital payments
throughout India, is supported by this effort.

About Airtel Payments Bank :

 Established : 23 November 2016

 HQ : New Delhi
 MD & CEO : Anubrata Biswas

Ques: Which subsidiary of Mobikwik received RBI's approval to operate as an

Online Payment Aggregator?
RBI ने Mobikwik की ककस सहायक कंपनी को ऑनलाइन पेर्ेंट एग्रीगेटर के रूप र्ें
संचालन की अनर्
ु नत दी?

(a) PayZapp
(b) Zaak ePayment Services
(c) BharatPay
(d) PhoneZaak
(e) eZaak Solutions

Answer: Option B
Explanation:

 Zaak ePayment Services, a wholly owned subsidiary of Mobikwik,

received final approval from the Reserve Bank of India (RBI) to operate
as an Online Payment Aggregator.
 This approval is granted under the Payment Aggregator framework that
RBI has implemented for securing and regulating digital payments.
 The move will help in promoting merchant payment services and offer a
faster, more secure payment experience for users.

Ques: What is Bandhan 2.0, launched by Axis Max Life Insurance Limited in
2025?
बंिन 2.0 क्या है , जजसे 2025 र्ें एजक्सस र्ैक्स लाइफ इंश्योरें स लललर्टे ड द्वारा लॉन्च
ककया गया?

A. A digital claims settlement tool / एक डिक्जटल सलेम ननपटान उपकरण

B. A customer chatbot for insurance queries / बीमा प्रश्नों के शलए ग्राहक चैटबॉट
C. An AI-enabled AR platform for onboarding / नए कमसचाररयों के शलए एआई-
िक्षम एआर प्लेटफॉमस
D. A policy comparison mobile app / पॉशलिी तुलना मोबाइल ऐप
E. A financial literacy portal for rural India / ग्रामीण भारत के शलए र्वत्तीय
िाक्षरता पोटस ल

Answer: Option C

Explanation:

• Bandhan 2.0 is an AI-enabled Augmented Reality (AR) platform launched by

Axis Max Life Insurance Limited in 2025.
• It is designed to transform the onboarding process for new hires through
immersive storytelling, interactive gamification, and real-time leadership
engagement.
• The platform is available in English and Hindi and can be accessed via both
mobile and desktop devices.
• It aims to enhance employee experience and integration into the company
culture from day one.

About Axis Max Life Insurance :

 Established : 2001
 HQ : New Delhi
 Chairman : Rajiv Anand

Ques: From which date has the RBI mandated the use of the PRAVAAH portal
for all applications for regulatory authorisations, licences, and approvals?
भारतीय ररज़वम बैंक (RBI) ने ककस नतधथ से सभी ववननयार्क प्राधिकरणों, लाइसेंसों और
अनर्
ु ोदनों के ललए केवल PRAVAAH पोटम ल के उपयोग को अननवायम ककया है ?

(a) 1 March 2025

(b) 1 April 2025
(c) 1 May 2025
(d) 1 June 2025
(e) 1 July 2025

Answer: Option C

Explanation:

 The Reserve Bank of India (RBI) has announced that starting 1st May
2025, all banks, financial companies, and regulated entities must use the
PRAVAAH portal for submitting applications related to regulatory
authorisations, licences, and approvals.
 PRAVAAH stands for Platform for Regulatory Application, Validation And
AutHorisation.
 It is a centralised, secure web-based portal launched in May 2024 to
streamline and digitise communication with the RBI.
 So far, the portal has handled nearly 4,000 applications/requests,
reflecting its early adoption and effectiveness.
Ques : Why did RBI impose a monetary penalty of Rs.29.60 lakh on Axis Bank
Limited in April 2025?
अप्रैल 2025 र्ें RBI ने एजक्सस बैंक लललर्टे ड पर Rs.29.60 लाख का जर्
ु ामना क्यों
लगाया?

A) Delay in credit card statement dispatch / क्रेडिट कािस स्टे टमें ट भेजने में दे री
B) Violation of priority sector lending norms / प्राथशमकता क्षेत्र ऋण मानदं िों का
उल्लंघन
C) Unauthorised operation of internal/office accounts / आंतररक/कायासलय खातों
का अनधिकृत िंचालन
D) Improper KYC verification / अनधु चत केवाईिी ित्यापन
E) Non-reporting of cyber frauds / िाइबर िोखािडी की ररपोटस न करना

Answer : Option C

Explanation :

• RBI imposed a monetary penalty of Rs.29.60 lakh on Axis Bank Limited on

April 29, 2025, for violating regulatory guidelines under the Banking Regulation
Act, 1949.
• The penalty was imposed due to unauthorised operations and unrelated
entries in internal/office accounts.
• The action was based on findings from an inspection of the bank’s financial
position as of March 31, 2024 (ISE 2024).
• Relevant legal provisions invoked: Section 47A(1)(c) and 46(4)(i) of the
Banking Regulation Act, 1949.
• RBI clarified that the penalty pertains solely to regulatory compliance issues
and does not question the validity of customer transactions or agreements.

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Ques : As per the RBI update on May 2, 2025, what percentage of Rs.2000
banknotes issued as of May 19, 2023, have been returned to the banking
system?
2 र्ई 2025 को आरबीआई द्वारा दी गई जानकारी के अनस ु ार, 19 र्ई 2023 तक जारी
ककए गए Rs.2000 के ककतने प्रनतशत नोट बैंककंग प्रणाली र्ें वापस आ चक
ु े हैं?

A) 74.12%
B) 88.10%
C) 91.76%
D) 98.24%
E) 100%

Answer : Option D

Explanation :

• RBI announced the withdrawal of Rs.2000 denomination banknotes on May

19, 2023, with the last date for depositing or exchanging them at banks being
October 07, 2023.
• As of April 30, 2025, Rs.6,266 crore worth of Rs.2000 notes remain in
circulation, which is about 8.24% of the total value originally issued.
• 91.76% of the Rs.2000 notes have been returned to the banking system.
• The Rs.2000 banknotes continue to be legal tender, and their withdrawal
process remains in place.
• The exchange of Rs.2000 notes is still available through 19 RBI Issue Offices
and India Post.

Ques: Who resigned as the MD & CEO of IndusInd Bank following internal
investigation findings?
इंडसइंड बैंक र्ें आंतररक जांच के ननष्कर्ों के बाद एर्डी और सीईओ के पद से ककसने
इस्तीफा ददया?

(a) Uday Kotak / उदय कोटक

(b) Sandeep Bakhshi / िंदीप बख्शी
(c) Sumant Kathpalia / िम
ु ंत कथपाशलया
(d) Amitabh Chaudhry / अशमताभ च़ौिरी
(e) Shyam Srinivasan / श्याम श्रीननवािन

Answer: Option C

Explanation:

 Sumant Kathpalia has resigned as the Managing Director and Chief

Executive Officer (MD & CEO) of IndusInd Bank.
 The resignation followed findings from an internal investigation and an
external audit by Grant Thornton, revealing discrepancies in the
derivatives portfolio.
 These lapses resulted in a cumulative loss of nearly Rs.1979 crore to the
bank.

About IndusInd Bank :

 Established : 1994
 HQ : Pune
 Tagline : We Make You Feel Richer

Ques : Why did RBI impose a monetary penalty of Rs.31.80 lakh on IDBI Bank
Limited in April 2025?
अप्रैल 2025 र्ें RBI ने आईडीबीआई बैंक लललर्टे ड पर Rs.31.80 लाख का जर्
ु ामना क्यों
लगाया?

A) Charging excess interest in KCC accounts / केिीिी खातों में अधिक ब्याज
विल
ू ना
B) Delayed reporting of NPA / एनपीए की दे री िे ररपोटटिं ग
C) KYC norms violation / केवाईिी मानदं िों का उल्लंघन
D) Non-submission of audit reports / ऑडिट ररपोटस जमा न करना
E) Misuse of digital lending apps / डिक्जटल ऋण दे ने वाले ऐप्ि का दरु
ु पयोग

Answer : Option A
Explanation :

• RBI imposed a monetary penalty of Rs.31.80 lakh on IDBI Bank Limited on

April 30, 2025, for non-compliance with regulatory directions.
• The penalty was levied for charging excess interest on short-term agricultural
loans under the Kisan Credit Card (KCC) Interest Subvention Scheme.
• Findings were based on the bank’s financial position as of March 31, 2023,
during the Statutory Inspection for Supervisory Evaluation.
• Relevant legal provisions: Section 47A(1)(c) and 46(4)(i) of the Banking
Regulation Act, 1949.

Ques : What is the minimum amount required to start a Digital Gold SIP
weekly as per Aditya Birla Capital Digital’s latest launch?
आददत्य बबड़ला कैवपटल डडजजटल की नवीनतर् पेशकश के अनस ु ार, साप्तादहक
डडजजटल गोल्ड SIP शरू
ु करने के ललए न्यन
ू तर् रालश क्या है ?

A) Rs.10
B) Rs.50
C) Rs.100
D) Rs.500
E) Rs.1000

Answer : Option B

Explanation :

• Aditya Birla Capital Digital Limited (ABCDL) launched a Digital Gold SIP facility
on its ABCD mobile app in May 2025.
• Investors can start weekly SIPs from Rs.50 and monthly SIPs from Rs.100,
making it highly accessible.
• The initiative enables systematic investment in digital gold, promoting
disciplined savings among users through a trusted fintech platform.
• This launch aligns with the broader trend of digitizing gold investments and
integrating them with retail financial services.
Ques : Why did RBI impose a penalty of ₹31.80 lakh on Bank of Maharashtra
in April 2025?
अप्रैल 2025 र्ें RBI ने बैंक ऑफ र्हाराष्र पर ₹31.80 लाख का जर्
ु ामना क्यों लगाया?

A) Delay in crediting interest / ब्याज जमा करने में दे री

B) Violation of Priority Sector Lending norms / प्राथशमकता क्षेत्र ऋण मानदं िों का
उल्लंघन
C) Non-compliance with KYC guidelines / केवाईिी टदशाननदे शों का अनप
ु ालन न
करना
D) Providing incentives for insurance sales / बीमा बबक्री के शलए प्रोत्िाहन प्रदान
करना
E) Misreporting of financial statements / र्वत्तीय र्ववरणों की गलत ररपोटटिं ग

Answer : Option C

Explanation :

• RBI imposed a monetary penalty of Rs.31.80 lakh on Bank of Maharashtra on

April 30, 2025, for non-compliance with regulatory KYC norms.
• The bank opened several deposit accounts using Aadhaar OTP-based e-KYC
without face-to-face verification, violating RBI’s prescribed customer
identification procedures.
• Findings were based on the bank’s financial position as of March 31, 2024,
under the ISE 2024 (Inspection for Supervisory Evaluation).
• Legal provisions invoked: Sections 47A(1)(c), 46(4)(i), and 51(1) of the
Banking Regulation Act, 1949.

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Ques : Who has been appointed as the new Deputy Governor of the Reserve
Bank of India in April 2025?
अप्रैल 2025 र्ें भारतीय ररज़वम बैंक के नए डडप्टी गवनमर के रूप र्ें ककसे ननयक्
ु त ककया
गया है ?

A) Dr. Urjit Patel / िॉ. उक्जसत पटे ल

B) Dr. Poonam Gupta / िॉ. पन
ू म गुप्ता
C) Dr. Viral Acharya / िॉ. र्वरल आचायस
D) Dr. Shaktikanta Das / िॉ. शक्सतकांत दाि
E) Dr. Nirmala Banerjee / िॉ. ननमसला बनजी

Answer : Option B

Explanation :

• Dr. Poonam Gupta has been appointed as the Deputy Governor of the
Reserve Bank of India (RBI) on April 2, 2025.
• Her tenure will be for 3 years or until further orders, whichever comes first.
• Dr. Gupta previously served as the Director General of the National Council
of Applied Economic Research (NCAER).
• Her career also includes associations with prestigious institutions like the
International Monetary Fund (IMF), World Bank, University of Maryland, Indian
Statistical Institute (ISI), Delhi, and the National Institute of Public Finance and
Policy (NIPFP).
• She is also the co-editor of the book “Emerging Giants: China and India in the
World Economy” and has authored several research papers.

Ques : Which of the following was NOT a reason for RBI's penalty on ICICI
Bank in April 2025?
ननम्न र्ें से कौन सा कारण अप्रैल 2025 र्ें ICICI बैंक पर लगाए गए RBI जुर्ामने के ललए
उत्तरदायी नहीं था?

A) Failure to report cyber incident timely / िाइबर घटना की िमय पर ररपोटस न

करना
B) Not implementing KYC norms / केवाईिी मानदं िों को लागू न करना
C) No alert software for certain accounts / कुछ खातों के शलए कोई अलटस
िॉफ्टवेयर नहीं
D) Charging late fees without sending credit card bills / क्रेडिट कािस बबल भेजे बबना
र्वलंब शल्
ु क लगाना
E) Excess interest charged on KCC accounts / केिीिी खातों पर अनतररसत ब्याज
विल
ू ना

Answer : Option E

Explanation :

• RBI imposed a monetary penalty of Rs.97.80 lakh on ICICI Bank Ltd. on April
29, 2025, for non-compliance with regulatory directions.
• The violations included failure to report a cybersecurity incident in time, lack
of proper alert systems for certain accounts, and charging late fees without
sending credit card statements.
• Relevant provisions invoked: Section 47A(1)(c) and 46(4)(i) of the Banking
Regulation Act, 1949.
• The findings were based on an inspection of ICICI Bank's operations as of
March 31, 2023 (ISE 2023).
• RBI clarified that the penalty is strictly for regulatory compliance failures and
does not impact the validity of customer transactions or agreements with the
bank.

Ques : How much monetary penalty did RBI impose on Bank of Baroda in
April 2025?
अप्रैल 2025 र्ें RBI ने बैंक ऑफ बड़ौदा पर ककतने रुपये का र्ौदिक जर्
ु ामना लगाया?

A) Rs.51.50 lakh
B) Rs.75.00 lakh
C) Rs.45.20 lakh
D) Rs.61.40 lakh
E) Rs.69.90 lakh
Answer : Option D

Explanation :

• RBI imposed a monetary penalty of Rs.61.40 lakh on Bank of Baroda on April

29, 2025, for non-compliance with directions related to financial services,
customer service, and deposit interest rates.
• The bank failed to ensure that its employees did not receive non-cash
incentives from an insurance company and did not credit interest on
inactive/suspended savings accounts at regular intervals.
• Findings were based on the bank’s financial position as of March 31, 2023,
under ISE 2023 (Inspection for Supervisory Evaluation).
• Legal provisions invoked: Sections 47A(1)(c), 46(4)(i), and 51(1) of the
Banking Regulation Act, 1949.

Ques: State Bank of India (SBI) signed an MoU with which authority to
enhance banking services at 26 land ports along India's borders?
भारतीय स्टे ट बैंक (SBI) ने भारत की सीर्ाओं पर 26 लैंड पोर्टमस पर बैंककंग सेवाएं बढाने
के ललए ककस प्राधिकरण के साथ सर्झौता ज्ञापन (MoU) पर हस्ताक्षर ककए?

(a) National Highway Authority of India (NHAI) / राष्ट्रीय राजमागस प्राधिकरण

(b) Border Security Force (BSF) / िीमा िरु क्षा बल
(c) Land Ports Authority of India (LPAI) / भूशम पत्तन प्राधिकरण
(d) Ministry of External Affairs / र्वदे श मंत्रालय
(e) Shipping Corporation of India / शशर्पंग कॉपोरे शन ऑफ इंडिया

Answer: Option C

Explanation:

 SBI signed an MoU with Land Ports Authority of India (LPAI) to boost
banking infrastructure at 26 land ports across borders with Nepal,
Bangladesh, Bhutan, and Myanmar.
  SBI will offer Forex services, LC/BG facilities, bulk cargo insurance, and
digital banking solutions.
 1,900 LPAI employees will benefit from enhanced salary packages and
financial services.
 The partnership aims to grow border trade from Rs.80,000 crore to Rs.2
trillion by 2030.

About Land Ports Authority of India (LPAI) :

 Established : 2012
 HQ : New Delhi
 Chairman : Aditya Mishra

Ques : Where is the 58th Annual Meeting of the ADB being held in 2025?
2025 र्ें ADB की 58वीं वावर्मक बैठक कहां आयोजजत हो रही है ?

A. Manila / मनीला
B. Tokyo / टोसयो
C. Milan / शमलान
D. Bangkok / बैंकॉक
E. New Delhi / नई टदल्ली

Answer : Option C

Explanation :

• Finance Minister Nirmala Sitharaman is leading the Indian delegation to the

58th Annual Meeting of the Asian Development Bank (ADB) Board of
Governors, held in Milan, Italy from May 4–7, 2025.
• The meeting focuses on regional economic challenges, sustainable
development, and financial cooperation among member countries.
• The event offers opportunities for global investment visibility and alignment
with regional development initiatives.
• The ADB Board of Governors includes finance ministers from all member
nations and serves as its highest decision-making body.
Ques: Which MakeMyTrip Group entity launched the ‘Global Forex Card’
offering zero currency conversion charges for international travelers?
अंतरराष्रीय याबत्रयों के ललए शन्
ू य र्ि
ु ा रूपांतरण शल्
ु क वाली 'ग्लोबल फॉरे क्स काडम'
ककस र्ेक र्ाय दरप सर्ह
ू की इकाई द्वारा लॉन्च की गई है ?

(a) Thomas Cook

(b) BookMyForex
(c) ForexMart
(d) Paytm Forex
(e) Western Union

Answer: Option b

Explanation:

 BookMyForex, part of the MakeMyTrip Group, introduced the ‘Global

Forex Card’, a USD-denominated prepaid card.
 It allows users to transact in over 180 currencies with no currency
conversion fees.
 No issuance, reload, or maintenance charges.
 Comes with ATM withdrawal benefits (though local ATM providers may
charge).
 Offers up to Rs.7,500 cashback under its Crazy Cashback Sale, and is
especially beneficial for students paying tuition fees abroad.

Ques : Which bank sign an MoU with Sa-Dhan, a Self-Regulatory Organisation

(SRO) to enhance financial access for small, micro, and women-led
enterprises ?
ककस बैंक ने लघ,ु सक्ष्
ू र् और र्दहला-नेतत्ृ व वाले उद्यर्ों के ललए ववत्तीय पहुंच बढाने के
ललए स्व-ननयार्क संगठन (एसआरओ) सा-िन के साथ एक सर्झौता ज्ञापन पर
हस्ताक्षर ककए हैं?

(a) UCO Bank / यक

ू ो बैंक
(b) Axis Bank / एक्सिि बैंक
(c) Bank of India / बैंक ऑफ इंडिया
(d) J&K Bank / जम्मू और कश्मीर बैंक
(e) Bank of Baroda / बैंक ऑफ बड़ौदा

Answer: Option C

Explanation :

 In order to improve financial access for small, micro, and women-led

businesses, particularly in rural and semi-urban areas of India, Sa-Dhan,
a Self-Regulatory Organization (SRO) designated by the RBI for
microfinance, signed MoU with Bank of India (BoI).
 The two organisations will collaborate to achieve key National Financial
Inclusion and Sustainable Development Goals (SDGs).
 Enterprise Finance for SHGs and Non-SHG Members, Climate-Resilient
Technologies and Green Financing, WASH (Water, Sanitation, and
Hygiene) Financing, Co-lending to MFIs, Digital Transformation and
Adoption of Technologies, and—above all—Financial Literacy and
Awareness about Government Schemes are just a few of the important
areas of collaboration that will be covered by the non-commercial
agreement.

About Bank of India :

 Established : 7 September 1906

 HQ : Mumbai, Maharashtra
 MD & CEO : Rajneesh Karnatak
 Tagline : Relationship Beyond Banking

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Ques : Which general insurance company launched ‘ClimateSafe’ , a first-of-
its-kind parametric climate risk insurance product in India ?
ककस सार्ान्य बीर्ा कंपनी ने भारत र्ें अपनी तरह का पहला पैरार्ीदरक जलवायु
जोखखर् बीर्ा उत्पाद ‘क्लाइर्ेटसेफ’ लॉन्च ककया है ?

(a) Bajaj Allianz General Insurance / बजाज आशलयांज जनरल इंश्योरें ि

(b) ICICI Prudential Life Insurance / आईिीआईिीआई प्रि
ू ेंशशयल लाइफ इंश्योरें ि
(c) Kotak Mahindra Life Insurance / कोटक मटहंद्रा लाइफ इंश्योरें ि
(d) Shriram General Insurance Company / श्रीराम जनरल इंश्योरें ि कंपनी
(e) PNB MetLife India Insurance / पीएनबी मेटलाइफ इंडिया इंश्योरें ि

Answer : Option A

Explanation :

 A first-of-its-kind parametric climate risk insurance product called

"ClimateSafe" was introduced in India by Bajaj Allianz General Insurance
Company Limited and Germany-based Allianz SE.
 The product is intended to provide immediate financial assistance to
people impacted by weather events linked to climate change, such as
intense heat, freezing temperatures, or heavy precipitation.
 If the daily Air Quality Index rises beyond 400 after two strikes, it would
offer financial assistance of up to Rs 6,000 per employee.
 When the AQI surpasses 400 for three or more of the preceding five
days, it is considered a strike.
 Covers additional costs (such as increased electricity bills and
transportation expenses) and lost income (such as daily wage workers
and gig workers).
 Protects against supply chain delays, event cancellations, and damage to
household items due to floods/heatwaves

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Ques: What recent step has the Reserve Bank of India (RBI) taken to boost
rupee-denominated trade using vostro accounts?
भारतीय ररज़वम बैंक (RBI) ने रुपया-र्ल्
ू यवधगमत व्यापार को बढावा दे ने के ललए वोस्रो
खातों के उपयोग को लेकर हाल ही र्ें क्या कदर् उठाया है ?

A. Introduced a new digital currency linked to vostro accounts / वोस्रो खातों िे

जुडी नई डिक्जटल करें िी शरू
ु की
B. Requested government approval to remove the 30% cap on buying short-
term sovereign debt / अल्पकाशलक िरकारी ऋण खरीदने पर 30% िीमा हटाने की
अनम
ु नत मांगी
C. Banned the use of vostro accounts for treasury bills / वोस्रो खातों का रे जरी
बबलों में उपयोग प्रनतबंधित फकया
D. Allowed foreign banks to withdraw funds from vostro accounts in cash /
र्वदे शी बैंकों को वोस्रो खातों िे नकद ननकािी की अनम
ु नत दी
E. Limited vostro account usage to trade in commodities only / वोस्रो खातों का
उपयोग केवल वस्तुओं के व्यापार तक िीशमत फकया

Answer: Option B

Explanation:

• The Reserve Bank of India (RBI) has sought the government’s approval to
remove the 30% cap on foreign banks using vostro accounts to purchase short-
term sovereign debt, including treasury bills.
• Vostro accounts allow foreign banks to hold rupee-denominated balances
with Indian banks, facilitating trade in Indian currency.
• In 2022, the RBI allowed foreign banks to open Special Vostro Rupee
Accounts (SVRAs) to promote rupee-based trade settlements, as part of a
broader push to internationalise the Indian rupee.
• The existing rule capped the use of vostro balances for buying securities with
less than one year maturity to 30%, which the RBI now wants to lift to enhance
rupee trade flows.
• As of December 2024, 156 SRVAs were being opened with 26 Indian banks by
123 correspondent banks from 30 other nations.
• All vostro accounts, including SRVAs, had a total balance of 134.55 billion
rupees, or around $1.60 billion.
Ques: How much gold did the Reserve Bank of India (RBI) purchase during the
fiscal year 2024–25?
ववत्त वर्म 2024–25 के दौरान भारतीय ररज़वम बैंक (RBI) ने ककतना सोना खरीदा?

A. 27.5 tonnes / 27.5 टन

B. 50.1 tonnes / 50.1 टन
C. 57.5 tonnes / 57.5 टन
D. 62.3 tonnes / 62.3 टन
E. 45.8 tonnes / 45.8 टन

Answer: Option C

Explanation:

• The Reserve Bank of India (RBI) purchased 57.5 tonnes of gold during the
fiscal year 2024–25, making it the second-highest annual purchase since it
began accumulating gold in December 2017.
• With this addition, RBI’s total gold reserves reached 879.6 tonnes as of
March 2025, compared to 822.1 tonnes in March 2024.
• In 2023–24, the RBI had added 27.47 tonnes to its gold reserves.
• The increase aligns with a global trend, as central banks worldwide have
been boosting gold reserves due to the continued weakness of the US dollar
amid global economic uncertainties.

Ques: Which company has launched India’s first AI-powered Gold-Melting

ATM, revolutionizing gold transactions?
भारत का पहला एआई-सक्षर् गोल्ड-र्ेजल्टं ग एटीएर् लॉन्च करने वाली कंपनी कौन सी
है , जो सोने के लेन-दे न र्ें क्ांनत ला रही है ?

A. MMTC-PAMP / एमएमटीिी-पीएएमपी
B. Titan Gold Ltd. / टाइटन गोल्ि शलशमटे ि
C. Goldsikka / गोल्िशिसका
D. Kalyan Jewellers / कल्याण ज्वैलिस
E. Tanishq Digital / तननष्ट्क डिक्जटल

Answer: Option C

Explanation:

• Hyderabad-based Goldsikka has unveiled India’s first AI-powered Gold-

Melting ATM, setting a new benchmark in automated gold transactions.
• The machine allows users to buy, sell, exchange, lease, digitise, and monetise
gold through an automated process.
• Goldsikka had earlier launched India's first real-time Gold ATM in 2022.
• The upgraded version now includes AI-based verification, including
photograph capture, Aadhaar and ID validation, and automated bank credit—
all within approximately 30 minutes.

Ques: Who has been appointed as the Chairman-cum-Managing Director

(CMD) of Oriental Insurance Company Limited (OICL) in 2025?
2025 र्ें ओररएंटल इंश्योरें स कंपनी लललर्टे ड (OICL) के अध्यक्ष-सह-प्रबंि ननदे शक
(CMD) के रूप र्ें ककसे ननयक्
ु त ककया गया है ?

A. R.R. Singh / आर.आर. शिंह

B. Amit Misra / अशमत शमश्रा
C. Sanjay Joshi / िंजय जोशी
D. Tapan Singhel / तपन शिंघेल
E. G. Srinivasan / जी. श्रीननवािन

Answer: Option C

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Explanation:

• Sanjay Joshi, who was serving as General Manager in United India Insurance
Company Limited (UIICL), has been appointed as the Chairman-cum-Managing
Director (CMD) of Oriental Insurance Company Limited (OICL).
• He replaced R.R. Singh.
• Prior to Joshi’s appointment, Amit Misra, the Executive Director of OICL,
served as acting CMD for a three-month term starting March 1, 2025.
• The Financial Services Institutions Bureau will select the chiefs of public
sector banks and insurance companies. Bhanu Pratap Sharma is the Chairman,
of Financial Services Institutions Bureau.

Ques: What financial milestone did M. Nagaraju, Secretary of the

Department of Financial Services, mark by ringing the ceremonial bell at NSE
in 2025?
ववत्तीय सेवा ववभाग के सधचव एर्. नागराजू ने 2025 र्ें एनएसई पर घंटी बजाकर ककस
ववत्तीय र्ील के पत्थर की शरु
ु आत की?

A. Launch of India’s first Green Bond / भारत का पहला ग्रीन बॉन्ि लॉन्च
B. Listing of India’s first mortgage-backed Pass Through Certificates (PTCs) /
भारत के पहले बंिक-िमधथसत पाि थ्रू िटटस फफकेट्ि (PTCs) की शलक्स्टं ग
C. Introduction of Digital Rupee / डिक्जटल रुपया की शरु
ु आत
D. Launch of Sovereign Gold Bonds / िॉवरे न गोल्ि बॉन््ि की शरु
ु आत
E. Debut of Infrastructure Investment Trust (InvIT) / इंफ्रास्रसचर इन्वेस्टमें ट रस्ट
(InvIT) की शरु
ु आत

Answer: Option B

Explanation:

• M. Nagaraju, Secretary, Department of Financial Services, rang the

ceremonial bell at the National Stock Exchange (NSE) to mark the listing of
India’s first mortgage-backed Pass Through Certificates (PTCs).
• The PTCs were structured by RMBS Development Company Limited and were
fully subscribed at Rs.1,000 crore.
• They are backed by housing loans originated by LIC Housing Finance Limited,
carry a 7.26% annual coupon, and have a 20-year maturity.
• The instruments were rated AAA(SO) by CRISIL and CARE Ratings and are
issued in dematerialized form for trading in the secondary market.

Ques: Who has been appointed as the Interim Executive Director to

represent India, Bangladesh, Bhutan, and Sri Lanka at the IMF in 2025?
2025 र्ें भारत, बांग्लादे श, भट
ू ान और ीलंका का आईएर्एफ र्ें अंतररर् कायमकारी
ननदे शक ककसे ननयक्
ु त ककया गया है ?

A. Raghuram Rajan / रघरु ाम राजन

B. Krishnamurthy V. Subramanian / कृष्ट्णमनू तस वी. िु म यम
C. Parameswaran Iyer / परमेश्वरन अ यर
D. V. Anantha Nageswaran / वी. अनंता नागेश्वरन
E. Arvind Subramanian / अरर्वंद िु म णयन

Answer: Option C

Explanation:

• Parameswaran Iyer, who was serving as the Executive Director for India at
the World Bank, has been appointed as the Interim Executive Director (ED) to
represent India, Bangladesh, Bhutan, and Sri Lanka at the International
Monetary Fund (IMF).
• He replaced K.V. Subramanian, who previously served as India’s 17th Chief
Economic Advisor (CEA) from 2018 to 2021, and was the youngest to hold the
position.
• The executive board of the IMF is composed of 25 directors (executive
directors or EDs) elected by the member countries or groups of countries.
• India is in a four-country constituency, along with Bangladesh, Sri Lanka and
Bhutan as members
• The government's decision assumes significance as the IMF Executive Board
will meet on May 9, to take a call on a new USD 1.3 billion loan under a climate
resilience loan programme, along with the first review of the ongoing USD 7
billion bailout package for Pakistan.

About International Monetary Fund :

 Established : 1944
 HQ : Washington DC, the United States of America
 Member : 191
 Managing Director : Kristalina Georgieva

Ques: How much dividend per share has SBI declared for FY25, the highest in
the last 12 years?
FY25 के ललए SBI ने प्रनत शेयर ककतना डडववडेंड घोवर्त ककया है , जो वपछले 12 वर्ों र्ें
सबसे अधिक है ?

A. Rs.10.50
B. Rs.12.00
C. Rs.20.00
D. Rs.18.20
E. Rs.15.90

Answer: Option E

Explanation:

• The State Bank of India (SBI) has announced a final dividend of Rs.15.90 per
equity share for the financial year ending March 31, 2025.
• This is the highest dividend declared by SBI in the last 12 years.
• SBI also reported a 10% YoY drop in Q4FY25 net profit to Rs.18,642.59 crore,
while Net Interest Income (NII) rose by 2.7% YoY to Rs.42,774.55 crore.
• For FY26, SBI plans to raise up to Rs.25,000 crore via QIP or FPO to
strengthen its capital base.

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Ques : In what form has FIMMDA been recognized by RBI?
FIMMDA को RBI ने ककस रूप र्ें र्ान्यता दी है ?

A. Rating Agency / रे टटंग एजेंिी

B. Primary Dealer / प्राथशमक िीलर
C. Self-Regulatory Organisation (SRO) / स्व-ननयामक िंगठन (एिआरओ)
D. Financial Institution / र्वत्तीय िंस्थान
E. Market Intermediary / बाजार मध्यस्थ

Answer : Option C

Explanation :

 The Reserve Bank of India (RBI) has officially recognised the Fixed
Income Money Market and Derivatives Association of India (FIMMDA) as
a Self-Regulatory Organisation (SRO) for financial markets.
 This move is aimed at enhancing professional standards, transparency,
and governance across money and bond markets.
 FIMMDA is a not-for-profit Section 8 company established in 1998, with
members including banks, primary dealers, insurance companies, and
financial institutions.
 RBI had earlier released a framework for recognising SROs in August
2023.

Eligibility for SRO status includes:

 Section 8 registration
 Minimum net worth of Rs.10 crore
 Diversified shareholding – no entity can hold 10% or more
 Adequate infrastructure to discharge regulatory duties

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Ques : What restrictions did the RBI withdraw to ease FPI investments in
corporate debt securities?
RBI ने कॉरपोरे ट डेट लसक्योररटीज़ र्ें FPI ननवेश को आसान बनाने के ललए कौन से
प्रनतबंि हटाए?

A. Minimum capital and reporting limit | न्यन

ू तम पंज
ू ी और ररपोटटिं ग िीमा
B. Short-term investment limit and concentration limit | शॉटस -टमस ननवेश िीमा
और कंिंरेशन शलशमट
C. Tax-related disclosures | कर िंबंधित प्रकटीकरण
D. Exchange rate cap | र्वननमय दर िीमा
E. Lock-in period and exit norms | लॉक-इन अवधि और ननकािी ननयम

Answer : Option B

Explanation :

• The Reserve Bank of India (RBI) has eased investment norms for Foreign
Portfolio Investors (FPIs) in corporate debt securities via the general route.
• Two key restrictions have been withdrawn : Short-term investment limit,
which capped FPI holdings in short-term instruments. And Concentration limit,
which restricted the FPI exposure to a single corporate issuer.
• These changes aim to simplify the investment process and boost FPI
participation in India’s corporate bond market.
• However, FPIs must still comply with overall investment ceilings and
macroprudential regulations under the General Route 1 framework.

Ques: Why did the RBI approve the formation of a “Committee of Executives”
at IndusInd Bank?
भारतीय ररजवम बैंक (RBI) ने इंडसइंड बैंक र्ें "कायमकारी सलर्नत" के गठन की र्ंजरू ी
क्यों दी?

A. To expand rural operations / ग्रामीण पररचालन का र्वस्तार करने के शलए

B. Due to RBI inspection findings / RBI के ननरीक्षण ननष्ट्कर्षों के कारण
C. To implement digital banking reforms / डिक्जटल बैंफकंग िि
ु ारों को लागू करने के
शलए
D. For launching a new product line / एक नई उत्पाद लाइन शरू
ु करने के शलए
E. Following resignation of the CEO / िीईओ के इस्तीफे के बाद

Answer : Option E

Explanation :

 The Reserve Bank of India (RBI) approved the formation of an interim

“Committee of Executives” to oversee IndusInd Bank’s operations.
 This step was taken after the resignation of the bank’s Managing
Director and CEO, Sumant Kathpalia.
 The committee includes Soumitra Sen (Head of Consumer Banking) and
Anil Rao (Chief Administrative Officer), and will function for up to three
months or until a new CEO is appointed.
 The committee will report to the Oversight Committee of the Board,
chaired by Sunil Mehta, the Chairman of IndusInd Bank.

Ques: According to SBI's report, what is the expected range of India’s CPI
inflation for Q1 FY26 (April–June 2025)?
SBI की ररपोटम के अनस
ु ार, ववत्त वर्म 2025–26 की पहली नतर्ाही (अप्रैल–जून 2025) के
ललए भारत की खुदरा र्हं गाई (CPI) ककस सीर्ा र्ें रहने की संभावना है ?

A. Above 6%
B. Between 4% and 5%
C. Below 3%
D. Between 3% and 4%
E. Between 5% and 6%

Answer : Option C

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Explanation :

 According to the State Bank of India (SBI), India's retail inflation,

measured by the Consumer Price Index (CPI), is expected to remain
below 3% in Q1 FY26 (April to June 2025).
 This optimistic projection follows a drop in CPI inflation to 3.34% in
March 2025, which was a 67-month low, driven by a notable decline in
food prices.
 Additionally, SBI forecasts nominal GDP growth for FY26 to be between
9% and 9.5%, slightly below the Union Budget estimate of 10%.

Ques: Which company has launched India’s first Model Context Protocol
(MCP) server for a payment gateway?
भारत के पहले पेर्ेंट गेटवे र्ॉडल कॉन्टे क्स्ट प्रोटोकॉल (MCP) सवमर को ककस कंपनी ने
लॉन्च ककया है ?

A. Paytm
B. Razorpay
C. PhonePe
D. CCAvenue
E. Google Pay

Answer : Option B

Explanation :

 Razorpay Software Private Limited has launched India’s first Model

Context Protocol (MCP) server for a payment gateway.
 The MCP server, developed by Anthropic, enables AI systems (like AI
Assistants) to Create payment links, Initiate refunds and Manage
transactions
 These tasks can now be carried out without traditional dashboards or
APIs, offering seamless AI-driven financial operations.
 This marks a major leap from earlier methods where businesses used the
Razorpay dashboard for initiating and authorizing payments.
Ques : As per SEBI's proposal, what is the minimum outstanding debt value
for an entity to be classified as a High Value Debt Listed Entity (HVDLE)?
SEBI के प्रस्ताव के अनस
ु ार, ककसी संस्था को HVDLE के रूप र्ें वगीकृत करने के ललए
न्यन
ू तर् सच
ू ीबद्ध ऋण र्ल्
ू य ककतना होना चादहए?

A. Rs.500 crore
B. Rs.750 crore
C. Rs.1,000 crore
D. Rs.1,500 crore
E. Rs.2,000 crore

Answer : Option C

Explanation :

 The Securities and Exchange Board of India (SEBI) released a

consultation paper in May 2025 proposing enhanced disclosure norms
for High Value Debt Listed Entities (HVDLE).
 Entities with listed non-convertible debt securities of ₹1,000 crore or
more fall under the HVDLE category.

Key proposals include:

 Secretarial Compliance Report to be filed within 60 days of financial

year-end.
 Periodic Compliance Report with all material Related Party Transactions
(RPTs) to be submitted within 21 days of each half-year.
 Audit Committee review and approval of all long-term and recurring
RPTs.
 Debenture Trustees must issue a No Objection Certificate (NOC) for
RPTs.

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Ques: What is the name of the large-scale employee engagement and skill
development initiative launched by the State Bank of India (SBI)?
भारतीय स्टे ट बैंक (SBI) द्वारा शरू
ु की गई बड़े पैर्ाने की कर्मचारी संलग्नता और
कौशल ववकास पहल का नार् क्या है ?

A. SBI Udaan and Skill India / एिबीआई उडान और क्स्कल इंडिया

B. Digital Banker 2.0 / डिक्जटल बैंकर 2.0
C. FutureSBI and SkillNext / फ्यच
ू रएिबीआई और क्स्कलनेसस्ट
D. Next LEAP and SuPer SBI / नेसस्ट लीप और िप
ु र एिबीआई
E. SBI Shakti and GrowthX / एिबीआई शक्सत और ग्रोथएसि

Answer: Option D

Explanation :

• The State Bank of India (SBI) has launched two major initiatives—‘Next LEAP’
and ‘SuPer SBI: Great to Greater’—aimed at employee engagement and skill
development.
• This is the largest such programme in India’s banking sector, designed to
train 2.3 lakh employees with future-ready skills.
• The initiative also seeks to boost organizational pride and align staff
capabilities with evolving banking needs.

Ques: How much penalty did the Reserve Bank of India (RBI) impose on State
Bank of India (SBI) in May 2025?
र्ई 2025 र्ें RBI ने स्टे ट बैंक ऑफ इंडडया (SBI) पर ककतना जुर्ामना लगाया?

A. Rs.2 crore
B. Rs.1 crore
C. Rs.1.72 crore
D. Rs.75 lakh
E. Rs.50 lakh

Answer : Option C
Explanation :

 In May 2025, the Reserve Bank of India (RBI) penalised State Bank of
India (SBI) and Jana Small Finance Bank for non-compliance with
regulatory norms.
 SBI was fined Rs.1.72 crore for failing to comply with certain RBI
directions.
 Jana Small Finance Bank was fined Rs.1 crore for contravening provisions
of the Banking Regulation Act, 1949.
 These penalties highlight RBI’s strict enforcement of regulatory
frameworks in India’s banking system.

Ques: Which two foreign banks reported the highest net additions of credit
cards in FY25, reflecting growth in India’s digital economy?
FY25 र्ें भारत की डडजजटल अथमव्यवस्था र्ें ववृ द्ध को दशामते हुए ककन दो ववदे शी बैंकों ने
क्ेडडट काडम की सबसे अधिक शद्ध
ु ववृ द्ध दजम की?

A. Citi Bank and Barclays / शिटी बैंक और बाकसलेज

B. HSBC and American Express / एचएिबीिी और अमेररकन एसिप्रेि
C. Standard Chartered and DBS / स्टैंििस चाटस िस और िीबीएि
D. HSBC and Standard Chartered / एचएिबीिी और स्टैंििस चाटस िस
E. American Express and Citi Bank / अमेररकन एसिप्रेि और शिटी बैंक

Answer: Option B.

Explanation:

• The Reserve Bank of India (RBI) recently revealed data showing that
American Express and HSBC were the top foreign banks with notable gains.
• HSBC added 216,997 credit cards in FY25, recovering strongly from a net
decline of 38,693 cards in the previous fiscal year.
• American Express also showed a sharp increase, adding 107,086 cards in
FY25, compared to just 11,450 in FY24.
• This growth highlights rising consumer credit demand amid India's expanding
digital economy.
• On the other hand, Standard Chartered experienced a net loss of 158,322
cards in FY25.

Ques : Which Japanese bank has agreed to acquire 20% stake in YES Bank in a
deal worth Rs.13,483 crore?
ककस जापानी बैंक ने Rs.13,483 करोड़ के सौदे र्ें YES बैंक र्ें 20% दहस्सेदारी खरीदने पर
सहर्नत जताई है ?

A. Mizuho Bank / शमजुहो बैंक

ु बैंफकंग कॉपोरे शन
B. Sumitomo Mitsui Banking Corporation / िशु मतोमो शमत्िई
C. Bank of Japan / बैंक ऑफ जापान
D. Nomura Holdings / नोमरु ा होक्ल्िंग्ि
E. Mitsubishi UFJ Financial Group / शमत्िबु बशी यए
ू फजे फाइनेंशशयल ग्रप
ु

Answer : Option B

Explanation :

 Sumitomo Mitsui Banking Corporation (SMBC), the second-largest

banking group in Japan, has agreed to acquire a 20% stake in YES Bank.
 The acquisition includes 13.19% stake from State Bank of India (SBI) for
Rs.8,889 crore at Rs 21.50 per share and 6.81% from other banks like
ICICI, HDFC, Axis, Kotak, Bandhan, etc.
 Total deal value: Rs 13,483 crore
 Post-transaction, SBI will retain over 10% stake, down from 23.97% (as
of March 2025).
 The deal requires approval from the Reserve Bank of India (RBI) and the
Competition Commission of India (CCI).
 SMBC's Indian operations include SMFG India Credit, and it has total
assets of $2 trillion (as of December 2024).
Ques : Recently which Bank launched the Solitaire Credit Card ?
हाल ही र्ें ककस बैंक ने सॉललटे यर क्ेडडट काडम लॉन्च ककया है ?

(a) ICICI Bank / आईिीआईिीआई बैंक

(b) State Bank of India / भारतीय स्टे ट बैंक
(c) Kotak Mahindra Bank / कोटक मटहंद्रा बैंक
(d) HDFC Bank / एचिीएफिी बैंक
(e) Axis Bank / एक्सिि बैंक

Answer: Option C

Explanation :

 Kotak Solitaire Credit Card Launched by Kotak Mahindra Bank Limited

 The target is High-Net-Worth Individuals (HNIs) under its Solitaire
Program
 It is available exclusively to Solitaire Program customers with a Total
Relationship Value (TRV) of Rs. 75 lakh (savings accounts) or Rs. 1 crore
(current accounts)
 Annual fee charge is Rs. 25,000 + taxes (waived for Solitaire Program
customers) and no joining fee

About Kotak Mahindra Bank :

 Established : 2003
 HQ : Mumbai
 MD & CEO : Ashok Vaswani

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Ques: By what percentage did UPI QR codes grow in FY 2024–25, according to
RBI data?
RBI डेटा के अनस
ु ार, ववत्त वर्म 2024–25 र्ें UPI QR कोर्डस र्ें ककतने प्रनतशत की ववृ द्ध
हुई?

(a) 75.2%
(b) 81.3%
(c) 91.5%
(d) 87.9%
(e) 95.0%

Answer: Option C

Explanation :

 As per RBI's latest data, UPI QR codes recorded the fastest growth in
digital payment infrastructure in FY 2024–25.
 The number of UPI QR codes jumped by 91.5% over the previous year to
reach 657.9 million.
 In contrast, credit card transactions grew by only 7.94%, and debit card
additions saw a 2.7% growth to 991 million.
 The total number of banks live on UPI reached 668 as of April 2025,
showing continued adoption of the platform.

Ques: Which credit rating agency recently upgraded India’s Long-Term

Foreign and Local Currency – Issuer Ratings to BBB with a stable trend?
ककस क्ेडडट रे दटंग एजेंसी ने हाल ही र्ें भारत की दीघमकाललक ववदे शी और स्थानीय र्ि
ु ा
– जारीकताम रे दटंग को BBB (जस्थर प्रवजृ त्त के साथ) र्ें अपग्रेड ककया है ?

(a) S&P Global Ratings / एिएंिपी ग्लोबल रे टटंग्ि

(b) Fitch Ratings / फफच रे टटंग्ि
(c) Moody’s Investors Service / मि
ू ीज इन्वेस्टिस िर्वसि
(d) Morningstar DBRS / मॉननिंगस्टार िीबीआरएि
(e) CARE Ratings / केयर रे टटंग्ि

Answer: Option D

Explanation :

 Morningstar DBRS, a global credit rating agency, upgraded India's Long-

Term Foreign and Local Currency – Issuer Ratings from BBB (low) to BBB,
with a stable outlook.
 The Short-Term Ratings were also upgraded to R-2 (high).
 The upgrade reflects adequate credit quality and India's ability to meet
obligations despite high public debt, which was 80.2% of GDP in FY25.
 The central government’s debt ratio is expected to reduce from 57.5% in
FY24 to 56.1% by FY26.

Ques: What was the total cumulative net profit reported by Public Sector
Banks (PSBs) in FY25?
ववत्त वर्म 2024–25 र्ें सावमजननक क्षेत्र के बैंकों (PSBs) द्वारा ररपोटम ककया गया कुल शद्ध
ु
लाभ ककतना था?

(a) Rs.1.41 lakh crore

(b) Rs.1.62 lakh crore
(c) Rs.1.78 lakh crore
(d) Rs.1.59 lakh crore
(e) Rs.1.69 lakh crore

Answer: Option C

Explanation :

 Public Sector Banks (PSBs) recorded a cumulative net profit of Rs.1.78

lakh crore in FY25, registering a 26% increase over the previous year.
 In FY24, the total profit was Rs.1.41 lakh crore, so the profit jumped by
approximately Rs.37,100 crore.
  State Bank of India (SBI) contributed over 40% of this, with a standalone
net profit of Rs.70,901 crore in FY25, which is 16% more than FY24.
 Punjab National Bank reported the highest percentage growth of 102%,
while Punjab & Sind Bank saw a 71% rise.
 Between FY17 and FY21, the government had infused Rs.3.11 lakh crore
into PSBs as part of its recapitalisation strategy.

Ques: Which co-operative bank is being amalgamated with TJSB Sahakari

Bank Ltd., as per RBI’s May 2025 approval?
RBI की र्ई 2025 की र्ंजूरी के अनस
ु ार, ककस सहकारी बैंक का टीजेएसबी सहकारी बैंक
लललर्टे ड र्ें ववलय ककया गया है ?

(a) Kolhapur Urban Co-operative Bank / कोल्हापरु अबसन को-ऑपरे टटव बैंक
(b) Sawantwadi Urban Co-operative Bank / िावंतवाडी अबसन को-ऑपरे टटव बैंक
(c) Nashik District Co-operative Bank / नाशिक क्जला को-ऑपरे टटव बैंक
(d) Mumbai Urban Co-operative Bank / मंब
ु ई अबसन को-ऑपरे टटव बैंक
(e) Nagpur Nagarik Sahakari Bank / नागपरु नागररक िहकारी बैंक

Answer: Option B

Explanation :

 On May 9, 2025, the Reserve Bank of India (RBI) approved the voluntary
amalgamation of Sawantwadi Urban Co-operative Bank Ltd.,
Maharashtra, with TJSB Sahakari Bank Ltd., Maharashtra.
 The merger becomes effective from May 13, 2025.
 This action was taken under Section 44A(4) read with Section 56 of the
Banking Regulation Act, 1949.
 Following the merger, all branches of Sawantwadi Urban Co-operative
Bank will operate as TJSB Sahakari Bank branches from the effective
date.

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Ques: Which logistics platform became India’s 3rd unicorn of 2025 after
raising $200 million in Series F funding?
ककस लॉजजजस्टक्स प्लेटफॉर्म ने 200 लर्ललयन डॉलर की सीरीज F फंडडंग जट
ु ाकर 2025
का भारत का तीसरा यनू नकॉनम दजम ककया?

(a) Delhivery / िेल्हीवरी

(b) Rivigo / ररर्वगो
(c) Shadowfax / शैिोफैसि
(d) Porter / पोटस र
(e) Shiprocket / शशपरॉकेट

Answer: Option D

Explanation:

 Porter, an on-demand logistics platform, became India's 3rd unicorn of

2025 after raising USD 200 million (approx. Rs.1700 crore) in a Series F
funding round.
 The funding round was led by Kedaara Capital Investment Managers
Limited and Wellington Management Company.
 The funding was a mix of primary and secondary investments, and it
valued Porter at USD 1.1–1.2 billion, surpassing the $1 billion threshold
to become a unicorn.
 This followed unicorn declarations of Netradyne and Juspay earlier in
2025.

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Ques: What new digital service has LIC launched for policyholders in 2025?
एलआईसी ने 2025 र्ें पॉललसीिारकों के ललए कौन सी नई डडजजटल सेवा शरू ु की है ?

(a) AI-based insurance advisory service / एआई-आिाररत बीमा िलाहकार िेवा

(b) WhatsApp-based premium payment facility / व्हाट्िएप-आिाररत प्रीशमयम
भग
ु तान िर्ु विा
(c) QR code-based branch entry system / सयआ
ू र कोि-आिाररत शाखा प्रवेश
प्रणाली
(d) Voice assistant for customer support / ग्राहक िहायता के शलए वॉयि अशिस्टें ट
(e) Online loan disbursement platform / ऑनलाइन ऋण िंर्वतरण मंच

Answer: Option B

Explanation :

 In 2025, Life Insurance Corporation of India (LIC) introduced a

WhatsApp-based premium payment facility.
 Policyholders can now check policy details and pay premiums directly via
WhatsApp bot using the number 8976862090.
 The facility supports UPI, Net banking, and Card payments.
 It was officially launched by LIC CEO and MD Siddhartha Mohanty along
with other senior officials.

About Life Insurance Corporation (LIC) :

 Established : 1 September 1956

 HQ : Mumbai, Maharashtra
 MD & CEO : Siddhartha Mohanty

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Ques : Which company’s stake has PNB agreed to sell for Rs.34 crore?
PNB ने Rs.34 करोड़ र्ें ककस कंपनी की दहस्सेदारी बेचने का ननणमय ललया है ?

A. ARCIL / एआरिीआईएल
B. Edelweiss ARC / एिलवाइि एआरिी
C. Reliance ARC / ररलायंि एआरिी
D. Phoenix ARC / फीननसि एआर
E. ISARC / आईएिएआरिी

Answer : Option E

Explanation :

 Punjab National Bank (PNB) has signed an agreement to sell its entire
stake in India SME Asset Reconstruction Company (ISARC).
 The deal is valued at rs.34.04 crore and was announced on May 14,
2025.
 After this divestment, PNB will exit completely from ISARC, as part of its
strategy to optimize capital and exit non-core investments.

Ques: How has India extended financial support to the Maldives in 2025?
भारत ने 2025 र्ें र्ालदीव को ककस प्रकार ववत्तीय सहायता प्रदान की है ?

(a) By granting a development loan of $500 million / 500 शमशलयन िॉलर का

र्वकाि ऋण दे कर
(b) By donating medical equipment and supplies / धचफकत्िा उपकरण और आपनू तस
दान करके
(c) Through the rollover of a $50 million Treasury Bill / 50 शमशलयन िॉलर के
रे जरी बबल के रोलओवर के माध्यम िे
(d) By funding a housing project in Malé / माले में एक आवाि पररयोजना को
र्वत्तपोर्र्षत करके
(e) By offering a currency swap arrangement / मद्र
ु ा र्वननमय व्यवस्था की पेशकश
करके

Answer: Option C

Explanation :

 In 2025, India extended financial support to the Maldives by rolling over

a $50 million Treasury Bill for another year.
 The support was provided interest-free and is part of India's ongoing
assistance since March 2019 under a Government-to-Government
arrangement.
 The State Bank of India (SBI) subscribed to the Treasury Bill at the
request of the Maldivian government.
 This move aims to support Maldives’ fiscal reform efforts and enhance
economic resilience.
 Treasury Bill are short-term (up to a year) borrowing instruments issued
by the Indian government or a central authority in any other nation that
allow investors to park their excess short-term cash while lowering their
exposure to market risk.
 They are Auctioned by Reserve Bank of India. At present, the active T-
Bills are 91-days T-Bills, 182-day T-Bills and 364-days T-Bills

Ques : Which company recently received final approval from RBI to operate
as an online payment aggregator?
ककस कंपनी को हाल ही र्ें ऑनलाइन पेर्ेंट एग्रीगेटर के रूप र्ें संचालन के ललए
आरबीआई से अंनतर् र्ंजूरी लर्ली है ?

(a) Infibeam Avenues Ltd / इन्फीबीम एवेन्यज

ू शलशमटे ि
(b) BillDesk / बबलिेस्क
(c) Paytm / पेटीएम
(d) PayU / पेयू
(e) Razorpay / रे जरपे
Answer : Option D

Explanation :

 PayU, backed by Prosus, received final approval from the Reserve Bank
of India (RBI) to operate as an Online Payment Aggregator.
 The company was earlier asked to reapply in January 2023 due to a
complex corporate structure.
 It received in-principle approval in April 2024, and now joins other RBI-
approved aggregators such as Razorpay, CCAvenue, Cashfree, and
BillDesk.
 With this approval, PayU can now legally onboard new merchants and
offer digital payment solutions in India.

Ques: What was India’s retail inflation rate based on the Consumer Price
Index (CPI) in April 2025?
भारत की खुदरा र्िु ास्फीनत दर (सीपीआई आिाररत) अप्रैल 2025 र्ें ककतनी रही?

(a) 3.34%
(b) 3.15%
(c) 3.50%
(d) 3.16%
(e) 3.25%

Answer: Option D

Explanation :

 As per the Ministry of Statistics & Programme Implementation, India's

retail inflation in April 2025 was 3.16%, a decline from 3.34% in March
2025.
 This is the lowest year-on-year inflation rate since July 2019, when it
stood at 3.15%.
 It marks a 69-month low in CPI-based retail inflation.
Month-wise list of retail inflation :

 November 2024 : 5.48%

 December 2024 : 5.22%
 January 2025 : 4.31%
 February 2025 : 3.61%
 March 2025 : 3.34%

Ques: As of May 9, 2025, what is LIC's total stake in Bank of India?

9 र्ई 2025 तक, LIC की बैंक ऑफ इंडडया र्ें कुल दहस्सेदारी ककतनी हो गई है ?

A. 6.35%
B. 10.00%
C. 8.38%
D. 7.25%
E. 9.02%

Answer: Option C

Explanation :

 Life Insurance Corporation of India (LIC) has increased its stake in Bank
of India (BoI) to 8.38% as of May 9, 2025.
 The previous stake held by LIC was 6.35% as of September 2, 2021.
 LIC acquired an additional 2.026% stake during this period.
 Bank of India disclosed this information to the stock exchange on May 9,
2025.
 This increase reflects growing institutional confidence in the public
sector bank and may boost market sentiment.

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Ques: Which bank launched the 'Union Wellness Deposit' scheme that
combines fixed deposit benefits with health insurance and lifestyle perks?
ककस बैंक ने 'Union Wellness Deposit' योजना शरू
ु की है , जो कफक्स्ड डडपॉजजट के
लाभों को स्वास््य बीर्ा और लाइफस्टाइल सवु विाओं के साथ जोड़ती है ?

A. Bank of India / बैंक ऑफ इंडिया

B. Union Bank of India / यनू नयन बैंक ऑफ इंडिया
C. Indian Overseas Bank / इंडियन ओवरिीज़ बैंक
D. Canara Bank / केनरा बैंक
E. Punjab & Sind Bank / पंजाब एंि शिंि बैंक

Answer: Option B

Explanation:

• Union Bank of India (UBI) launched the ‘Union Wellness Deposit’, an

innovative retail term deposit scheme.
• It targets individuals aged 18 to 75 years, either individually or jointly.
• The scheme aims to promote wealth creation and health protection by
combining fixed deposit benefits with health insurance and lifestyle perks.
• The deposit has a fixed tenure of 375 days and offers an interest rate of
6.75% per annum, with an additional 0.50% for senior citizens.
• Investment limits: Minimum Rs.10 lakh and maximum Rs.3 crore.

About Union Bank of India :

 Established : 1919
 HQ : Mumbai
 MD & CEO : A. Manimekhalai
 Tagline : Good People to Bank with

Ques: As per the 2025 SIDBI report, how many MSMEs were registered on
the Udyam Registration Portal by March 2025?
SIDBI की 2025 की ररपोटम के अनस
ु ार, र्ाचम 2025 तक उद्यर् पंजीकरण पोटम ल (URP)
पर ककतने एर्एसएर्ई पंजीकृत हुए?
A. 3.5 crore
B. 4.8 crore
C. 5.6 crore
D. 6.2 crore
E. 7.1 crore

Answer: Option D

Explanation:

• The Small Industries Development Bank of India (SIDBI) released a report

titled ‘Understanding the Indian MSME Sector: Progress, and Challenges’.
• The report is based on a survey of 2,097 MSMEs across 19 sectors including
manufacturing, services, and trading.
• The number of registrations on the Udyam Registration Portal (URP) rose
significantly to over 6.2 crore by March 2025, up from 2.5 crore in March 2024,
reflecting a rapid formalization of the MSME sector.
• MSMEs contribute nearly 30% to India’s GDP and provide employment to
over 11 crore people, making the sector essential for sustainable and long-
term economic growth.

Highlights of the report :

 MSMEs contribution to India’s total exports has steadily grown, reaching

43.59% in Financial Year 2022-23 (FY23), 45.73% in FY24, and 45.79% in
FY25
 MSMEs contribution to India’s total exports has steadily grown, reaching
43.59% in Financial Year 2022-23 (FY23), 45.73% in FY24, and 45.79% in
FY25
 Female owned proprietary establishments increased from 22.9% in
2022-23 to 26.2% in 2023-24
 Due to limited credit access, 12% of micro enterprises turned to informal
borrowing, compared to 3% of small and 2% of medium enterprises
 Despite credit supply to MSMEs increasing, the sector has a broad
addressable credit gap of Rs. 30 lakh crore

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Ques: Which bank recently launched the specialized account suite ‘TruEdge’
with the tagline “Grow with trust, lead with edge”?
हाल ही र्ें ककस बैंक ने ‘TruEdge' नार्क ववशेर् खाता सवु विा लॉन्च की है , जजसका
टै गलाइन है “Grow with trust, lead with edge”?

A. Punjab National Bank / पंजाब नेशनल बैंक

B. Bank of Baroda / बैंक ऑफ बड़ौदा
C. Union Bank of India / यनू नयन बैंक ऑफ इंडिया
D. Canara Bank / केनरा बैंक
E. Indian Bank / इंडियन बैंक

Answer: Option D

Explanation:

• Canara Bank has launched ‘CANARA TruEdge’, a specialized and feature-rich

suite of Current and Savings Accounts.
• The product comes with the tagline “Grow with trust, lead with edge.”
• One of the key features is a zero initial deposit requirement, enabling smooth
and easy onboarding for customers.
• The account suite is designed to meet the evolving needs of retail and
business customers, combining innovation with trust.

Ques: What is the purpose of the newly launched ‘Niveshak Shivir’ initiative
by SEBI and the Ministry of Corporate Affairs?
SEBI और कॉपोरे ट कायम र्ंत्रालय द्वारा शरू
ु की गई 'ननवेशक लशववर' पहल का उद्देश्य
क्या है ?

A. To increase FDI in India / भारत में प्रत्यक्ष र्वदे शी ननवेश बढाना

B. To promote digital banking / डिक्जटल बैंफकंग को बढावा दे ना
C. To assist investors in reclaiming unclaimed dividends and shares / ननवेशकों
को अप्रमा णत लाभांश और शेयरों की वापिी में िहायता दे ना
D. To regulate stock market investments / शेयर बाजार ननवेश को र्वननयशमत
करना
E. To monitor insider trading / इनिाइिर रे डिंग की ननगरानी करना

Answer: Option C

Explanation:

 SEBI and the Ministry of Corporate Affairs, through IEPFA, launched

‘Niveshak Shivir’, a nationwide investor assistance program.
 The initiative aims to educate and assist investors in reclaiming
unclaimed dividends and shares.
 IEPFA is a statutory body under Section 125 of the Companies Act, 2013,
focusing on investor protection, financial literacy, and refund of
unclaimed amounts.

Ques: Which Indian public sector bank entered the list of the world’s top 100
most profitable companies in FY 2024–25?
ववत्त वर्म 2024–25 र्ें ववश्व की शीर्म 100 सबसे अधिक लाभ कर्ाने वाली कंपननयों की
सच
ू ी र्ें ककस भारतीय सावमजननक क्षेत्र के बैंक ने प्रवेश ककया?

A. Bank of Baroda / बैंक ऑफ बड़ौदा

B. Canara Bank / केनरा बैंक
C. Punjab National Bank / पंजाब नेशनल बैंक
D. State Bank of India / भारतीय स्टे ट बैंक
E. Union Bank of India / यनू नयन बैंक ऑफ इंडिया

Answer: Option D

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Explanation:

 State Bank of India (SBI) reported a net profit of USD 9.2 billion
(Rs.77,561 crore) in FY 2024–25.
 With this, SBI ranked 98th globally in terms of annual earnings, as per
Bloomberg data.
 SBI is now the third Indian company to join the world’s top 100 most
profitable companies, after ONGC (2009) and Reliance Industries (2021).
 The bank's strong position is attributed to a 31% CAGR in net profit over
the last five years.
 Alphabet, the parent company of Google, tops the list with a profit of
USD 111 billion, showing the strong earnings power of tech companies.
 Saudi Aramco comes next with USD 105 billion, proving that the energy
sector continues to be very profitable
 With 43 companies, the United States of America (USA) tops the list,
followed by China (19 companies) and Germany (5 companies).

Ques: What was India’s Wholesale Price Index (WPI) inflation in April 2025,
marking a 13-month low?
अप्रैल 2025 र्ें भारत की थोक र्ल्
ू य सच
ू कांक (WPI) र्ि
ु ास्फीनत ककतनी रही, जो 13
र्हीने का न्यन
ू तर् स्तर है ?

A. 1.25%
B. 2.05%
C. 0.85%
D. 3.16%
E. 1.75%

Answer: Option C

Explanation:

 India’s WPI inflation eased to 0.85% in April 2025, down from 2.05% in
March, marking the lowest level in 13 months.
 The fall is attributed to a broad-based decline in prices across
commodities.
  Additionally, retail inflation also eased to 3.16% in April, the lowest since
July 2019.

Recent WPI-based Retail inflation in India :

 March 2025 : 2.05%

 February 2025 : 2.38%
 January 2025 : 2.31%
 December 2024 : 2.37%
 November 2024 : 1.89%

Ques: What are the two new Fixed Deposit schemes launched by Indian Bank
effective from May 8, 2025?
इंडडयन बैंक ने 8 र्ई, 2025 से कौन सी दो नई कफक्स्ड डडपॉजजट योजनाएं शरू
ु की हैं?

A. IND GOLD & IND GREEN / इंि गोल्ि और इंि ग्रीन

B. IND SECURE & IND GREEN / इंि शिसयोर और इंि ग्रीन
C. IND SUPER & IND PRIME / इंि िप
ु र और इंि प्राइम
D. IND GROW & IND SAVE / इंि ग्रो और इंि िेव
E. IND PRIME & IND FUTURE / इंि प्राइम और इंि फ्यच
ू र

Answer: Option B

Explanation:

• Indian Bank launched two new fixed deposit (FD) schemes — IND SECURE
(444 days) and IND GREEN (555 days) — with effect from May 8, 2025.
• These schemes offer attractive interest rates:
IND SECURE: Up to 7.90% p.a. for super senior citizens.
IND GREEN: Designed to promote sustainable development, with rates up to
7.55% p.a.
• Investment range: Rs.1,000 to less than Rs.3 crore.
• Validity: Both schemes are open for investment till September 30, 2025.
• They are available in the form of FD or money multiplier deposit with callable
options.
• These new schemes replace the discontinued IND SUPER (400 Days) and IND
SUPREME (300 Days).

Ques: What is the reason RBI imposed a penalty of rs.29.60 lakh on Yes Bank
in May 2025?
र्ई 2025 र्ें RBI ने Yes Bank पर Rs.29.60 लाख का जुर्ामना क्यों लगाया?

A. Fraud in loan disbursal / ऋण र्वतरण में िोखािडी

B. Violation of KYC norms / केवाईिी मानदं िों का उल्लंघन
C. Incorrect reporting of customer complaints / ग्राहक शशकायतों की गलत
ररपोटटिं ग
D. Delay in CRR submission / िीआरआर जमा करने में दे री
E. Misuse of funds / ननधियों का दरु
ु पयोग

Answer: Option C

Explanation:

• The Reserve Bank of India (RBI) imposed a penalty of Rs.29.60 lakh on Yes
Bank Limited on May 16, 2025.
• The penalty was due to non-compliance with RBI’s guidelines on ‘Financial
Statements Presentation and Disclosures’.
• Specifically, Yes Bank failed to disclose accurate and complete information on
customer complaints in its Annual Financial Statements for FY 2023–24.
• This violation was identified during ISE 2024, based on the bank’s financials
as of March 31, 2024.
• The penalty was imposed under Section 47A(1)(c) read with Section 46(4)(i)
of the Banking Regulation Act, 1949.
• RBI clarified that the penalty relates to regulatory non-compliance and does
not affect the validity of transactions with customers.

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Ques: As per the May 2025 RBI circular, to which country has Exim Bank of
India extended a USD 700 million Line of Credit for a crude oil refinery
project?
र्ई 2025 के RBI सकुमलर के अनस
ु ार, भारत के एक्सपोटम -इम्पोटम बैंक ने कच्चा तेल
ररफाइनरी पररयोजना के ललए ककस दे श को 700 लर्ललयन अर्ेररकी डॉलर की ऋण
सीर्ा प्रदान की है ?

A. Kazakhstan / कजाखस्तान
B. Bangladesh / बांग्लादे श
C. Russia / रूि
D. Mongolia / मंगोशलया
E. Uzbekistan / उज़्बेफकस्तान

Answer: Option D

Explanation:

• Exim Bank of India signed an agreement on January 16, 2025, with the
Government of Mongolia to provide a USD 700 million Line of Credit (LoC) for
financing the construction of a crude oil refinery plant in Mongolia.
• The LoC became effective from May 6, 2025, with a disbursement period
extending up to 48 months after project completion.
• The funding is aimed at promoting infrastructure development in Mongolia
under the Reserve Bank of India’s circular no. A.P. (DIR Series) Circular No.
05/2025-26 dated May 16, 2025.
• Only eligible Indian goods and services can be exported under this LoC, with
mandatory filing of shipping bills and no agency commission payable under the
scheme.
• The project is part of India’s efforts to strengthen bilateral cooperation and
export financing through Exim Bank.

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Ques: What is the estimated amount RBI may transfer as surplus to the
government for FY 2024-25?
प्रश्न: आरबीआई ववत्त वर्म 2024-25 के ललए सरकार को अनर्
ु ाननत रूप से ककतना
अधिशेर् रांसफर कर सकता है ?

A. Rs.1 lakh crore

B. Rs.2 lakh crore
C. Rs.3 lakh crore
D. Rs.4 lakh crore
E. Rs.50,000 crore

Answer: Option C

Explanation:

• The Reserve Bank of India (RBI), based on the Economic Capital Framework
(ECF), may transfer a record surplus ranging from Rs.2.5 lakh crore to Rs.3 lakh
crore to the government for the financial year 2024-25.
• The previous highest surplus transfer was Rs.2.11 lakh crore in FY 2023-24.
• RBI sets aside a Contingency Risk Buffer (CRB) as a reserve fund for financial
stability crises before transferring the surplus.
• The Economic Capital Framework was recommended by an expert committee
led by Bimal Jalan in 2018 and is reviewed every five years. The next review is
scheduled for August 2024.
• RBI’s surplus earnings for FY 2023-24 were mainly driven by foreign exchange
sales, gold revaluation, and investments.

Ques: Which company has SBI Card partnered with to launch a health and
wellness-focused co-branded credit card in May 2025?
प्रश्न: र्ई 2025 र्ें हे ल्थ और वेलनेस पर केंदित को-ब्ांडड
े क्ेडडट काडम लॉन्च करने के
ललए एसबीआई काडम ने ककस कंपनी के साथ साझेदारी की है ?

A. Fortis HealthCare / फोटटस ि हे ल्थकेयर

B. Max Life / मैसि लाइफ
C. MedPlus / मेिप्लि
D. Apollo HealthCo / अपोलो हे ल्थको
E. AIIMS Wellness / एम्ि वेलनेि

Answer: Option D

Explanation:

• SBI Card has collaborated with Apollo HealthCo, the operator of Apollo
Pharmacy, to launch a co-branded credit card in May 2025.
• The card is named Apollo SBI Card SELECT and is focused on health and
wellness spending.
• Cardholders will earn rewards on purchases made at Apollo Pharmacy stores,
health check-up packages, blood tests, and other services offered through the
Apollo 24×7 app.
• This partnership aims to enhance financial access to healthcare while
promoting preventive wellness through rewards-driven incentives.

Q. Who among the following has been appointed as new Managing Directors
of LIC from June 2025?
जनू 2025 से ननम्नललखखत र्ें से ककसे LIC का नया प्रबंि ननदे शक ननयक्
ु त ककया गया
है ?

A. Siddhartha Mohanty and Ratnakar Patnaik / शिद्धाथस मोहं ती और रत्नाकर

पटनायक
B. Dinesh Pant and Ratnakar Patnaik / टदनेश पंत और रत्नाकर पटनायक
C. Rakesh Sharma and Dinesh Pant / राकेश शमास और टदनेश पंत
D. Ratnakar Patnaik and Mukesh Kumar / रत्नाकर पटनायक और मक
ु े श कुमार
E. Vivek Joshi and Dinesh Pant / र्ववेक जोशी और टदनेश पंत

Answer: Option B

Explanation:
  The Government of India has approved the appointment of Dinesh Pant
and Ratnakar Patnaik as Managing Directors (MDs) of Life Insurance
Corporation of India (LIC) effective from June 1, 2025.
 Dinesh Pant’s tenure is till May 31, 2027, and Ratnakar Patnaik’s tenure
is till March 31, 2028, or until further orders.
 Their backgrounds include actuarial, investment, and executive
management roles, expected to strengthen LIC’s leadership.

Ques: Why did RBI impose a monetary penalty of Rs.50 lakh on Deutsche
Bank AG, India in May 2025?
र्ई 2025 र्ें RBI ने Deutsche Bank AG, India पर Rs.50 लाख का जर्
ु ामना क्यों
लगाया?

A. Misuse of customer funds / ग्राहक ननधियों का दरु

ु पयोग
B. Non-compliance with KYC norms / केवाईिी ननयमों का उल्लंघन
C. Incorrect financial disclosures / गलत र्वत्तीय प्रकटीकरण
D. Failure to report credit information to CRILC / CRILC को क्रेडिट जानकारी ररपोटस
न करने पर
E. Delay in income recognition / आय की पहचान में दे री

Answer: Option D

Explanation:

• The Reserve Bank of India (RBI) imposed a rs.50 lakh penalty on Deutsche
Bank AG, India on May 13, 2025.
• The reason: Non-compliance with RBI’s directions related to reporting of
credit information to the Central Repository of Information on Large Credits
(CRILC).
• The violation was found during ISE 2024 based on the bank’s financials as of
March 31, 2024.
• The bank failed to report credit data of certain borrowers to CRILC, leading to
regulatory action.
• The penalty was levied under Section 47A(1)(c) read with Section 46(4)(i) of
the Banking Regulation Act, 1949.
• RBI clarified that the action pertains solely to regulatory non-compliance and
does not question the validity of any customer transactions.

Ques: What is the name of the newly launched current account offering by
HDFC Bank aimed at businesses?
एचडीएफसी बैंक द्वारा व्यवसायों के ललए हाल ही र्ें लॉन्च की गई करें ट अकाउं ट सेवा
का नार् क्या है ?

A. SmartBiz Account / स्माटस बबज़ अकाउं ट

B. EasyTrade Account / ईज़ीरे ि अकाउं ट
C. Biz+ Current Account / बबज़+ करें ट अकाउं ट
D. BusinessPro Account / बबजनेिप्रो अकाउं ट
E. EliteBiz Account / एलीटबबज़ अकाउं ट

Answer: Option C

Explanation:

• HDFC Bank has launched Biz+ Current Accounts, a reimagined suite of current
account products tailored for Indian businesses.
• The offering is designed to simplify banking services and enhance operational
efficiency through modern solutions.
• The product caters to business customers and enterprises, addressing their
evolving financial needs.
• With Biz+, HDFC aims to deliver a streamlined, business-friendly banking
experience to help enterprises grow and manage their operations more
efficiently.

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Ques: What percentage of total MF AUM is held by individual investors as of
March 2025?
र्ाचम 2025 तक कुल म्यच
ु अ
ु ल फंड AUM का ककतने प्रनतशत दहस्सा व्यजक्तगत
ननवेशकों के पास है ?

A. 52.52%
B. 27%
C. 63.4%
D. 48.22%
E. 36.6%

Answer: Option C

Explanation :

• According to AMFI data, individual investors held 63.4% of total mutual fund
assets under management (AUM) as of March 2025.
• The top five cities — Mumbai, New Delhi, Bengaluru, Pune, and Kolkata —
account for over 52% of total MF AUM.
• Total AUM was Rs.65.74 lakh crore with 5.34 crore unique investors,
including 25.91% women investors.
• Individual investors prefer equity (65%), hybrid (18%), and debt (9%) funds.
• There is a rising trend of women participation and young investors prefer
equity while older ones prefer debt funds.

Ques: Under the new TN govt pact, what is the accidental death insurance
cover provided to employees?
तलर्लनाडु सरकार के नए सर्झौते के तहत कर्मचाररयों को ककतनी रालश का दघु ट
म नावश
र्त्ृ यु बीर्ा कवर लर्लेगा?

A. Rs.50 lakh
B. Rs.1 crore
C. Rs.10 lakh
D. Rs.5 lakh
E. Rs.25 lakh
Answer: Option B

Explanation :

• The Tamil Nadu government signed agreements with 7 banks including

Indian Bank, SBI, Axis Bank, and others to provide insurance and loan benefits
to government employees.
• The key insurance provision includes Rs.1 crore cover for accidental death or
permanent disability.
• Additionally, there is Rs.5 lakh marriage assistance for daughters of deceased
employees and Rs.10 lakh higher education assistance for up to two daughters.
• Concessional personal, housing, and education loans are also part of the
benefits under this pact.

Ques: According to RBI’s new draft norms, what is the maximum collective
investment allowed by all lenders in a single AIF scheme?
RBI के नए ड्राफ्ट ननयर्ों के अनस
ु ार, एक AIF स्कीर् र्ें सभी उिारदाताओं द्वारा कुल
अधिकतर् ननवेश ककतना हो सकता है ?

A. 5%
B. 10%
C. 12%
D. 15%
E. 25%

Answer: Option C

Explanation :

• RBI’s draft circular proposes that all lenders together can invest up to 15% in
a single AIF scheme.
• A single lender’s investment cap is 10% of the AIF corpus.
• Registered Entities (RE) can invest up to 5% without restrictions.
• 100% provisioning is required if downstream debt is made to the RE’s
borrower (excluding equity shares).
• Some AIFs may get strategic exemptions in consultation with the
government.
• These proposed norms aim to boost capital inflow from RBI-regulated
lenders while aligning with SEBI rules and preventing misuse.

Ques: Which foreign bank has recently received in-principle approval from
RBI to set up a wholly owned subsidiary in India?
ककस ववदे शी बैंक को हाल ही र्ें भारत र्ें पण
ू म स्वालर्त्व वाली सहायक कंपनी स्थावपत
करने के ललए RBI से सैद्धांनतक र्ंजरू ी लर्ली है ?

A. DBS Bank / िीबीएि बैंक

B. HSBC Bank / एचएिबीिी बैंक
C. Emirates NBD Bank PJSC / एशमरे ट्ि एनबीिी बैंक पीजेएििी
D. SBM Bank / एिबीएम बैंक
E. Barclays Bank / बाकसलेज बैंक

Answer: Option C

Explanation :

• The Reserve Bank of India (RBI) has granted in-principle approval to Emirates
NBD Bank PJSC to establish a wholly owned subsidiary (WOS) in India.
• Emirates NBD will be the third foreign bank to enter India via the WOS route
after DBS Bank and SBM Bank.
• Currently, Emirates NBD operates in India through branches in Chennai,
Gurugram, and Mumbai.
• The minimum startup capital requirement for the WOS is Rs.300 crore with a
minimum capital adequacy ratio of 10%.

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Ques: As per SEBI’s new norms, who is barred from being part of the audit
committee of MIIs?
सेबी के नए ननयर्ों के अनस
ु ार, MIIs की ऑडडट सलर्नत का दहस्सा बनने से ककसे रोका
गया है ?

A. Key Managerial Personnel / प्रमख

ु प्रबंिकीय काशमसक
B. Compliance Officers / अनप
ु ालन अधिकारी
C. Managing Directors / प्रबंि ननदे शक
D. Independent Directors / स्वतंत्र ननदे शक
E. Chief Financial Officers / मख्
ु य र्वत्तीय अधिकारी

Answer: Option C

Explanation :

• SEBI has barred the Managing Directors (MDs) of Market Infrastructure

Institutions (MIIs) from being members of their audit committees to ensure
independence and transparency in audits.
• Key Managerial Personnel (KMPs) may attend audit committee meetings only
with the chairperson’s approval but do not have voting rights.
• The new internal audit norms for MIIs aim to strengthen governance and
audit mechanisms, covering functions like operations, regulatory compliance,
risk management, investor grievances, and business development.
• Internal auditors must report only to the audit committee, and institutions
may consult the Industry Standards Forum to define the audit scope.
• These norms will become effective after three months from their notification,
following findings of gaps in audit practices during inspections.

Ques: Who is the newly appointed RBI Governor whose signature will appear
on the new Rs.20 banknotes?
नए Rs.20 के बैंकनोट पर ककस नव ननयक्
ु त RBI गवनमर के हस्ताक्षर होंगे?

A. Shaktikanta Das
B. Urjit Patel
C. Sanjay Malhotra
D. Raghuram Rajan
E. N.S. Vishwanathan

Answer: Option C

Explanation:

 Sanjay Malhotra has been appointed as the new Governor of the

Reserve Bank of India, effective from December 11, 2024, for a tenure of
three years.
 The Reserve Bank of India will soon issue Rs.20 denomination banknotes
in the Mahatma Gandhi (New) Series bearing his signature.
 RBI also clarified that all existing Rs.20 banknotes will remain legal
tender.
 Four currency presses are used to print bank notes: two are owned by
the Government of India through Security Printing and Minting
Corporation of India Ltd (SPMCIL), a corporation, and two are owned by
the Reserve Bank through Bharatiya Reserve Bank Note Mudran Private
Ltd. (BRBNMPL), a wholly owned subsidiary.
 The SPMCIL currency presses are located in Dewas, Central India, and
Nasik, Western India. The two BRBNMPL presses are located in Salboni,
Eastern India, and Mysore, Southern India.
 Coins are produced at four SPMCIL-owned mints. The mints may be
found in NOIDA, Hyderabad, Kolkata, and Mumbai.
 According to Section 38 of the RBI Act, the coins can only be circulated
by the Reserve Bank.

Ques: Which Indian company recently secured the largest offshore dual-
currency loan worth $2.9 billion?
हाल ही र्ें ककस भारतीय कंपनी ने $2.9 बबललयन की सबसे बड़ी ऑफशोर डुअल-करें सी
लोन रालश सरु क्षक्षत की है ?

A. Tata Steel / टाटा स्टील

B. Reliance Industries / ररलायंि इंिस्रीज
C. Adani Group / अिानी िमह
ू
D. Infosys / इन्फोशिि
E. Larsen & Toubro / लािसन एंि टु ो

Answer: Option B

Explanation :

 Sources claim that Reliance Industries (RIL) has obtained a $2.9 billion
dual-currency loan. In more than a year, this is the biggest offshore loan
that an Indian company has raised.
 With 55 banks expected to participate in the loan arrangement, which
was signed last week, it will be the largest bank group in Asia to execute
a syndicated loan this year.
 The loan is divided into two installments: a $2.4 billion US dollar tranche
and a 67.7 billion Japanese yen ($462 million) Japanese yen tranche.
 Due to this transaction, Indian companies have raised foreign currency
loan volumes to approximately $10.4 billion so far in 2025, which is the
fastest pace in at least ten years.

Ques: TCS has partnered with which Mongolian bank to modernise its core
digital banking platform using the TCS BaNCS solution?
TCS ने TCS BaNCS सर्ािान के र्ाध्यर् से अपने डडजजटल बैंककंग प्लेटफॉर्म को
आिनु नक बनाने के ललए र्ंगोललया के ककस बैंक के साथ साझेदारी की है ?

A. Trade and Development Bank / व्यापार और र्वकाि बैंक

B. Khan Bank / खान बैंक
C. Golomt Bank / गोलोमट बैंक
D. State Bank of Mongolia / स्टे ट बैंक ऑफ मंगोशलया
E. Ulaanbaatar Bank / उलानबटार बैंक

Answer: Option B

Explanation:
  Tata Consultancy Services (TCS) announced a strategic partnership with
Khan Bank, a leading commercial bank in Mongolia, to modernise its
digital banking platform.
 The transformation will be powered by TCS BaNCS, a Global Banking
Platform that supports ISO 20022, SWIFT GPI, and SWIFT Go for
international payments.
 This marks a significant step in their 25-year relationship, which began in
2001, enhancing both high and low-value international payment
capabilities.

About Khan Bank :

 Established : 1991
 HQ : Ulaanbaatar, Mongolia
 CEO : Munkhtuya Rentsenbat

Ques: The Department of Economic Affairs under the Ministry of Finance

recently amended Rule 8 of which regulatory framework to improve the ease
of doing business for brokers?
ववत्त र्ंत्रालय के आधथमक र्ार्लों के ववभाग ने हाल ही र्ें दलालों के ललए व्यापार करने
र्ें आसानी बढाने के ललए ककस ननयार्क ढांचे के ननयर् 8 र्ें संशोिन ककया है ?

A. Companies Act, 2013 / कंपननयााँ अधिननयम, 2013

B. Securities Contracts (Regulation) Rules, 1957 / प्रनतभनू त अनब
ु ि
ं (र्वननयमन)
ननयम, 1957
C. SEBI Act, 1992 / िेबी अधिननयम, 1992
D. Banking Regulation Act, 1949 / बैंफकंग र्वननयमन अधिननयम, 1949
E. Indian Contract Act, 1872 / भारतीय अनब
ु ंि अधिननयम, 1872

Answer: Option B

Explanation:
  The Department of Economic Affairs, Ministry of Finance, amended Rule
8 of the Securities Contracts (Regulation) Rules (SCRR), 1957.
 This amendment provides regulatory clarity and promotes ease of doing
business for stockbrokers.
 In the past, a stockbroker's investment may occasionally be viewed as a
component of their regular business operations, such as purchasing or
disposing of shares as a corporation.
 But now, An investment made by a broker with their own funds will not
be considered a business; but, if the broker uses client funds or
securities, or if the investment results in a financial liability (such as a
loan or borrowing), it will be considered a business.

Ques: Why did IRDAI impose a Rs.1 crore penalty on Acko General Insurance?
IRDAI ने एको जनरल इंश्योरें स पर Rs.1 करोड़ का जुर्ामना क्यों लगाया?

A. Delay in claim settlements / दावा ननपटान में दे री

B. Non-compliance with investment norms / ननवेश मानदं िों का उल्लंघन
C. Violation of outsourcing and commission payment regulations / आउटिोशििंग
और कमीशन भग
ु तान ननयमों का उल्लंघन
D. False advertising / भ्रामक र्वज्ञापन
E. Misuse of customer data / ग्राहक िेटा का दरु
ु पयोग

Answer: Option C

Explanation:

• The Insurance Regulatory and Development Authority of India (IRDAI)

imposed a Rs.1 crore penalty on Acko General Insurance.
• The action was taken due to violations involving outsourcing activities and
improper commission/reward payments to insurance agents and
intermediaries.
• IRDAI has instructed Acko to present the order in the next board meeting and
submit the minutes of discussion.
• Additionally, Acko is required to submit an action-taken report within 90 days
from the date of the order.

Ques: Which bank has sanctioned Rs.1500 crore to MMRDA for slum
redevelopment along the Eastern Express Highway in Ghatkopar, Mumbai?
र्ंब
ु ई के घाटकोपर र्ें ईस्टनम एक्सप्रेस हाईवे के साथ झग्ु गी पन
ु ववमकास के ललए ककस बैंक
ने MMRDA को Rs.1500 करोड़ की रालश स्वीकृत की है ?

(a) HDFC Bank / एचिीएफिी बैंक

(b) Karnataka Bank / कनासटक बैंक
(c) Bank of baroda / बैंक ऑफ बड़ौदा
(d) Canara Bank / केनरा बैंक
(e) Bank of Maharashtra / बैंक ऑफ महाराष्ट्र

Answer : Option E

Explanation:

 Bank of Maharashtra has sanctioned Rs.1500 crore to the Mumbai

Metropolitan Region Development Authority (MMRDA).
 The amount is for the redevelopment of slum areas along the Eastern
Express Highway in Ghatkopar, Mumbai.
 This is part of the first phase of the Slum Rehabilitation Authority (SRA)
project, which has a total cost of Rs.8,498 crore.
 The project funding structure includes 46% through institutional
financing, 39% from MMRDA’s internal revenue, and 15% from
alternative sources.
 The loan tenure is 15 years.
 The MMRDA’s first initiative in slum development aims to rehabilitate
about 17,000 slum dwellers with free 1 Bedroom, Hall, and Kitchen
(BHK) houses of 300 square feet (Sq ft).

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Ques: Why did the Reserve Bank of India cancel the licence of HCBL Co-
operative Bank?
भारतीय ररज़वम बैंक ने एचसीबीएल को-ऑपरे दटव बैंक का लाइसेंस क्यों रद्द कर ददया?

A. For engaging in money laundering activities / मनी लॉक्न्रंग गनतर्वधियों में

िंशलप्तता के कारण
B. Due to non-compliance with RBI audit timelines / आरबीआई ऑडिट
िमयिीमा का पालन न करने के कारण
C. Due to inadequate capital and earning prospects / अपयासप्त पज
ंू ी और आय की
िंभावनाओं के कारण
D. For merger with another cooperative bank / फकिी अन्य िहकारी बैंक के िाथ
र्वलय के कारण
E. For operating without DICGC insurance / िीआईिीजीिी बीमा के बबना िंचालन
के कारण

Answer: Option C

Explanation:

• The Reserve Bank of India (RBI) cancelled the banking licence of HCBL Co-
operative Bank, based in Lucknow, effective May 19, as the bank did not have
adequate capital or earning prospects.
• The bank also failed to comply with multiple provisions of the Banking
Regulation Act, 1949 [Sections 22(3)(a) to 22(3)(e) read with Section 56].
• After liquidation, depositors are entitled to receive up to Rs.5 lakh from the
Deposit Insurance and Credit Guarantee Corporation (DICGC) on their deposits.

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Ques: How much foreign currency did the RBI sell on a gross basis in FY25?
RBI ने FY25 र्ें सकल आिार पर ककतनी ववदे शी र्ि
ु ा बेची?

A. $153.03 billion
B. $212.57 billion
C. $291.03 billion
D. $398.71 billion
E. $625 billion

Answer: Option D

Explanation:

• The Reserve Bank of India (RBI) sold a record $398.71 billion of foreign
currency on a gross basis during FY25 to defend the Indian rupee amid global
financial volatility.
• This figure is significantly higher than the foreign currency sales in FY24
($153.03 billion) and FY23 ($212.57 billion).
• Despite some purchases, the net sale was $34.51 billion, the second highest
since FY2008-09.
• December 2024 marked the peak intervention month, with $69.05 billion
sold in just one month.
• The intervention was triggered by the rupee touching an all-time low of
Rs.87.95 per dollar in February 2025, due to global uncertainty and changes in
U.S. policy.
• Between September 2024 and June 2025, India’s forex reserves fell by $80
billion.

Ques: With which organization has India Post Payments Bank (IPPB)
partnered to expand credit access across Bharat?
भारत र्ें ऋण पहुंच को बढाने के ललए इंडडया पोस्ट पेर्ेंर्टस बैंक (IPPB) ने ककस संस्था के
साथ साझेदारी की है ?

A. HDFC Bank / एचिीएफिी बैंक

B. Bajaj Finance / बजाज फाइनेंि
C. Aditya Birla Capital Limited / आटदत्य बबडला कैर्पटल शलशमटे ि
D. LIC Housing Finance / एलआईिी हाउशिंग फाइनेंि
E. SBI Cards / एिबीआई का्सि

Answer: Option C

Explanation:

• India Post Payments Bank (IPPB) has entered into a strategic partnership with
Aditya Birla Capital Limited (ABCL) to expand access to digital credit solutions
across India.
• The partnership combines IPPB’s vast postal network and digital
infrastructure with ABCL’s diversified loan offerings like personal loans,
business loans, and loans against property.
• The initiative focuses on financial inclusion, especially targeting underserved
and rural populations.
• IPPB will act as a referral partner only, without taking credit risk; ABCL will
retain full control over credit decisions.
• The service will utilize AI and data analytics to provide personalized and
seamless loan experiences.
• IPPB operates under the Ministry of Communications, and serves over 11
crore customers across 5.57 lakh villages and towns using India Stack
technologies for paperless, cashless banking.

Ques: What is the new name of North East Small Finance Bank Limited after
its merger with fintech company slice?
कफनटे क कंपनी स्लाइस के साथ ववलय के बाद नॉथम ईस्ट स्र्ॉल फाइनेंस बैंक लललर्टे ड
का नया नार् क्या है ?

A. NESFB Finance Bank / एनईएिएफबी फाइनेंि बैंक

B. Slice Bank of India / स्लाइि बैंक ऑफ इंडिया
C. Slice Small Finance Bank Limited / स्लाइि स्मॉल फाइनेंि बैंक शलशमटे ि
D. Northeast Slice Bank / नॉथसईस्ट स्लाइि बैंक
E. Slice Finance Corporation / स्लाइि फाइनेंि कॉपोरे शन

Answer: Option C
Explanation:

• The name of “North East Small Finance Bank Limited” has been changed to
“slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank
of India Act, 1934.
• This change follows a strategic merger between Bengaluru-based fintech
company slice and the Guwahati-based NESFB.
• The merger was completed in October 2024.

Ques: What is the main objective of the newly notified 'Payments Regulatory
Board Regulations, 2025'?
'पेर्ेंर्टस रे गल
ु ेटरी बोडम रे गल
ु ेशंस, 2025' का र्ख्
ु य उद्देश्य क्या है ?

A. To privatize the payment systems / भग

ु तान प्रणाशलयों का ननजीकरण करना
B. To regulate NBFCs independently / एनबीएफिी का स्वतंत्र रूप िे र्वननयमन
करना
C. To replace BPSS with PRB having government representation / िरकार के
प्रनतननधित्व वाले PRB के िाथ BPSS को प्रनतस्थार्पत करना
D. To merge RBI and SEBI / आरबीआई और िेबी का र्वलय करना
E. To create a new cryptocurrency board / एक नया फक्रप्टोकरें िी बोिस बनाना

Answer: Option C

Explanation:

• The Payments Regulatory Board (PRB) is being formed to replace the existing
BPSS (Board for Regulation and Supervision of Payment and Settlement
Systems), which currently operates under the RBI.
• PRB will include government representation for the first time—3 members
nominated by the government and 3 by the RBI.
• The RBI Governor will serve as the Chairperson and hold the casting vote in
case of a tie.
• This change is implemented under the Payments Regulatory Board
Regulations, 2025, as notified by the Central Government.
• PRB will be assisted by RBI’s Department of Payment and Settlement Systems
(DPSS).
• The structure is governed by Section 3 of the PSS Act, 2007.
• It was earlier opposed by the RBI in 2018, arguing that payment system
regulation should remain with the central bank due to its monetary policy
implications.
• PRB members must be below 70 years of age, have no conflict of interest,
and cannot be MPs or MLAs.
• The board will meet at least twice a year and may invite domain experts as
permanent or ad hoc invitees.

Ques : Which bank has signed MoU with Indian Institute of Banking &
Finance (IIBF) for a customized Electronic (e) – Learning and certification
program on MSMEs ?
ककस बैंक ने एर्एसएर्ई पर अनक ु ू ललत इलेक्रॉननक (ई) - लननिंग और प्रर्ाणन
कायमक्र् के ललए भारतीय बैंककंग और ववत्त संस्थान (IIBF) के साथ सर्झौता ज्ञापन पर
हस्ताक्षर ककए हैं?

A. Bank of India / बैंक ऑफ इंडिया

B. Union Bank of India / यनू नयन बैंक ऑफ इंडिया
C. Indian Overseas Bank / इंडियन ओवरिीज़ बैंक
D. Canara Bank / केनरा बैंक
E. Punjab & Sind Bank / पंजाब एंि शिंि बैंक

Answer: Option C

Explanation :

 The Indian Institute of Banking & Finance (IIBF) and Indian Overseas
Bank (IOB) have inked a MoU for a tailored Electronic (e)-Learning and
certification program on Micro, Small, and Medium-Sized Businesses
(MSMEs).
 Increasing staff awareness of MSMEs and promptly and effectively
 meeting their credit needs are the goals of the Memorandum of
Understanding.

About Indian Overseas Bank (IOB) :

 Founded : 1937
 HQ : Chennai
 MD & CEO : Ajay Kumar Srivastava
 Tagline : Good people to grow with

Ques: Which institution has signed an MoU with Bank of India to host a
FinTech & Cybersecurity Hackathon in 2025?
कफनटे क और साइबर सरु क्षा है कथॉन 2025 के आयोजन के ललए बैंक ऑफ इंडडया ने
ककस संस्था के साथ सर्झौता ज्ञापन (MoU) पर हस्ताक्षर ककए हैं?

A. IIM Ahmedabad / आईआईएम अहमदाबाद

B. IIT Delhi / आईआईटी टदल्ली
C. NIT Trichy / एनआईटी बत्रची
D. IIT Hyderabad / आईआईटी है दराबाद
E. IISc Bangalore / आईआईएििी बेंगलरु
ु

Answer: Option D

Explanation:

• Bank of India (BOI) has signed a Memorandum of Understanding (MoU) with

IIT Hyderabad.
• The purpose of the MoU is to organize a FinTech & Cybersecurity Hackathon
in September 2025.
• The hackathon will be hosted at IIT Hyderabad with IDRBT (Institute for
Development and Research in Banking Technology) acting as the knowledge
partner.
• This initiative is supported by the Department of Financial Services,
Government of India.
• The objective is to promote innovation in the fields of Financial Technology
(FinTech) and Cybersecurity through industry-academic collaboration.

Ques: What was the reason RBI imposed a penalty of Rs.63.6 lakh on Union
Bank of India?
RBI ने Union Bank of India पर Rs.63.6 लाख का जर्
ु ामना क्यों लगाया?

A. Fraudulent loan sanction / िोखािडी ऋण स्वीकृनत

B. Violation of KYC norms / केवाईिी ननयमों का उल्लंघन
C. Non-compliance with agricultural credit norms / कृर्र्ष ऋण टदशाननदे शों का
उल्लंघन
D. Delay in financial reporting / र्वत्तीय ररपोटटिं ग में दे री
E. ATM fraud cases / एटीएम िोखािडी मामले

Answer: Option C

Explanation :

 The Reserve Bank of India (RBI) imposed a penalty of Rs.63.6 lakh on

Union Bank of India for violating provisions of the Banking Regulation
Act, 1949 and failing to comply with guidelines related to credit flow to
agriculture, particularly in providing collateral-free agricultural loans.
 A separate penalty of Rs.40 lakh was also imposed on Transactree
Technologies for non-compliance with norms under the NBFC – Peer to
Peer Lending Platform Directions, 2017.
Ques: By what percentage did India’s net FDI decline in 2024–25 compared to
2023–24, as per RBI data?
RBI के अनस
ु ार 2024–25 र्ें भारत का शद्ध
ु प्रत्यक्ष ववदे शी ननवेश (FDI) 2023–24 की
तुलना र्ें ककतने प्रनतशत घट गया?

A. 86.2%
B. 90.1%
C. 96.5%
D. 98.3%
E. 99.7%

Answer: Option C

Explanation :

According to the Reserve Bank of India (RBI):

 Net FDI in 2024–25 stood at $353 million, showing a 96.5% decline

compared to 2023–24.
 Gross FDI inflows in 2024–25 were $81.043 billion, a 13.7% increase over
the $71.279 billion recorded in 2023–24.
 Profit repatriation and disinvestment by foreign investors amounted to
$51.489 billion.
 Outward FDI by Indian companies was $29.201 billion.
 Over 60% of the gross FDI inflows were directed towards manufacturing,
financial services, electricity & energy, and communication services.
 Top FDI source countries included Singapore, Mauritius, UAE,
Netherlands, and the USA, collectively accounting for more than 75% of
total inflows.

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Ques: On which date did LIC set the Guinness World Record for most life
insurance policies sold in 24 hours?
LIC ने 24 घंटे र्ें सबसे अधिक बीर्ा पॉललसी बेचने का Guinness World Record ककस
ददन बनाया?

A. January 10, 2025

B. February 1, 2025
C. January 20, 2025
D. March 15, 2025
E. December 31, 2024

Answer: Option C

Explanation :

 Life Insurance Corporation of India (LIC) set a Guinness World Record on

January 20, 2025, by issuing 5,88,107 life insurance policies within 24
hours.
 This achievement was made possible by the efforts of 4,52,839 LIC
agents across India.
 The record has been officially recognized by Guinness World Records.
 LIC described this as a historic milestone reflecting the strength of India’s
insurance sector.
 It showcases the trust of customers and the commitment of LIC’s
dedicated agency network.

Ques: How much surplus will the RBI transfer to the Government of India for
FY25?
भारतीय ररज़वम बैंक ववत्त वर्म 2025 के ललए भारत सरकार को ककतना अधिशेर्
स्थानांतररत करे गा?

A. Rs.2.10 lakh crore

B. Rs.2.30 lakh crore
C. Rs.2.68 lakh crore
D. Rs.2.50 lakh crore
E. Rs.3.00 lakh crore
Answer: Option C

Explanation :

 The Reserve Bank of India (RBI) will transfer a record surplus of

Rs.2,68,590 crore to the Government of India for FY25, reflecting a 27%
increase from the Rs.2,10,874 crore transferred in FY24.
 This surplus was determined under the Economic Capital Framework
(ECF) adopted in 2019, following the recommendations of the Bimal
Jalan Committee.
 The Contingent Risk Buffer (CRB) range was revised to 7.50%–4.50% of
the RBI’s balance sheet from the previous 6.50%–5.50%.
 The surplus will provide the government fiscal space to boost capital
expenditure and manage the fiscal deficit more effectively.

Ques: Which fintech platform based in New Delhi received in-principle

approval from RBI for a Payment Aggregator license under the Payment and
Settlement Systems Act, 2007?
नई ददल्ली जस्थत ककस कफनटे क प्लेटफॉर्म को भग
ु तान और ननपटान प्रणाली
अधिननयर्, 2007 के तहत RBI से इन-वप्रंलसपल र्ंजरू ी लर्ली है ?

A. PayU
B. QuickPay
C. Getepay
D. Razorpay
E. Cashfree

Answer: Option B

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Explanation :

 QuickPay, a fintech platform based in New Delhi, has received in-

principle approval from the Reserve Bank of India (RBI) to operate as a
Payment Aggregator (PA) under the Payment and Settlement Systems
Act, 2007.
 Getepay, a Jaipur-based digital payments company, received final
authorisation from RBI to operate as an online Payment Aggregator.

Ques: Which country was recently admitted as a new member of the New
Development Bank (NDB) established by BRICS nations?
BRICS दे शों द्वारा स्थावपत न्यू डेवलपर्ें ट बैंक (NDB) र्ें हाल ही र्ें ककस दे श को नए
सदस्य के रूप र्ें शालर्ल ककया गया है ?

A. Nigeria / नाइजीररया
B. Algeria / अल्जीररया
C. Sri Lanka / श्रीलंका
D. Iran / ईरान
E. Turkey / तुकी

Answer: Option B

Explanation :

 The New Development Bank (NDB) was established by the BRICS

nations: Brazil, Russia, India, China, and South Africa.
 Algeria has been officially admitted as a new member of the NDB, as
announced by NDB President Dilma Rousseff.
 Other NDB members include Bangladesh, UAE, Egypt, and Indonesia,
with Uruguay as a prospective member.
 The Indian Regional Office of the NDB was recently launched at GIFT
City, Gandhinagar, Gujarat.
 The bank was established with an initial authorized capital of USD 100
billion.
 The first president of the NDB was K.V. Kamath from India (2015–2020).
Ques : Which bank signed MOU with Atal Incubation Centre (AIC) Software
Technology Parks of India Next (STPINEXT) to provide essential financial
solutions and structural support to early-stage startups ?
ककस बैंक ने शरु
ु आती चरण के स्टाटम अप्स को आवश्यक ववत्तीय सर्ािान और
संरचनात्र्क सहायता प्रदान करने के ललए अटल इनक्यब
ू ेशन सेंटर (एआईसी)
सॉफ्टवेयर टे क्नोलॉजी पाक्सम ऑफ इंडडया नेक्स्ट (एसटीपीआईनेक्स्ट) के साथ
सर्झौता ज्ञापन पर हस्ताक्षर ककए?

(a) Federal Bank / फेिरल बैंक

(b) Axis Bank / एक्सिि बैंक
(c) IndusInd Bank / इंििइंि बैंक
(d) HDFC Bank / एचिीएफिी बैंक
(e) Kotak Mahindra Bank / कोटक मटहंद्रा बैंक

Answer : Option C

Explanation :

 A MoU was signed by IndusInd Bank Limited and Atal Incubation Centre
(AIC) Software Technology Parks of India Next (STPINEXT) to offer crucial
financial solutions and structural support to Micro, Small, and Medium-
Sized Enterprises (MSMEs) and early-stage startups throughout India.
 By providing startups and MSMEs seeded by AIC STPINEXT with
operational tools, financial literacy, and tailored banking services, the
alliance seeks to foster innovation and entrepreneurship.

About IndusInd Bank :

 Established : 1994
 HQ : Pune
 CEO & MD : Sumant Kathpalia
 Tagline : We Make You Feel Richer

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Ques: Which cryptocurrency exchange became the first to be included in the
S&P 500 Index?
कौन सा कक्प्टोकरें सी एक्सचें ज S&P 500 सच
ू कांक र्ें शालर्ल होने वाला पहला बन गया
है ?

A. Binance / बायनेंि
B. Kraken / क्रैकेन
C. Coinbase / कॉइनबेि
D. Bitfinex / बबटफफनेसि
E. Gemini / जेशमनी

Answer: Option C

Explanation :

 Coinbase Global Inc. (COIN) became the first cryptocurrency exchange to

be included in the S&P 500 Index, a major U.S. stock market index.
 It replaced Discover Financial Services (DFS) after DFS was acquired by
Capital One Financial Corporation.
 The S&P 500 Index includes 500 leading U.S. companies and represents
around 90% of the U.S. equity market capitalization.

Ques: As per the RBI data released in May 2025, what was the total outward
remittance under the Liberalised Remittance Scheme (LRS) for FY 2024-25?
र्ई 2025 र्ें जारी RBI डेटा के अनस
ु ार, ववत्त वर्म 2024-25 र्ें ललबरलाइज्ड रे लर्टें स
स्कीर् (LRS) के तहत कुल बाहरी प्रेर्ण ककतना था?

A. USD 31.24 billion

B. USD 27.89 billion
C. USD 29.56 billion
D. USD 26.42 billion
E. USD 32.10 billion
Answer: Option C

Explanation:

 Outward remittances under RBI’s Liberalised Remittance Scheme (LRS)

for FY 2024–25 declined by 6.85% to USD 29.56 billion.
 Remittances in March 2025 rose 10.65% YoY to USD 2.55 billion.
 Major contributor to the overall decline was a 16% drop in remittances
for foreign education, from USD 3.48 billion (FY24) to USD 2.92 billion
(FY25).
 International travel remittances fell marginally by 0.25% to USD 16.96
billion.
 Investment in overseas equity and debt increased by 12.51% to USD
1.699 billion.

About LRS Scheme :

 Launched : 2004
 Allowing all resident individuals to remit up to $250,000 per financial
year outside India for any permissible current or capital account
transaction, or a combination of both, free of charge
 Initial limit : $25,000

Ques: Which company recently received final SEBI approval to launch a

mutual fund business as a 50:50 joint venture between Jio Financial Services
and BlackRock?
जजयो फाइनेंलशयल सववमसेज और ब्लैकरॉक के बीच 50:50 संयक्
ु त उद्यर् के रूप र्ें
ककस कंपनी को हाल ही र्ें म्यच
ू अ
ु ल फंड व्यवसाय शरू
ु करने के ललए सेबी से अंनतर्
र्ंजरू ी लर्ली?

A. Reliance BlackRock AMC / ररलायंि ब्लैकरॉक एएमिी

B. Jio BlackRock AMC / क्जयो ब्लैकरॉक एएमिी
C. BlackRock JFS AMC / ब्लैकरॉक जेएफएि एएमिी
D. Jio Mutual AMC / क्जयो म्यच
ू अ
ु ल एएमिी
E. Reliance Financial AMC / ररलायंि फाइनेंशशयल एएमिी

Answer: Option B

Explanation:

 Jio BlackRock Asset Management (AMC) has received final approval from
the Securities and Exchange Board of India (SEBI) to start its mutual fund
business.
 It is a 50:50 joint venture between Jio Financial Services (JFS) and
BlackRock.
 With this, the total number of players in India’s ₹70-trillion mutual fund
industry rises to 48.
 The company had earlier received in-principle approval from SEBI on 4
October 2024.
 Sid Swaminathan has been appointed as the Managing Director and CEO
of the joint venture.

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