Banking Current Affairs

Answer: Sheikh Hasina resigned and fled to India

Bangladesh PM Sheikh Hasina resigned amid mass protests in August 2024 and took refuge in India. An interim government led by Muhammad Yunus took charge, creating diplomatic challenges for India.

Answer: 25%

Make in India aims to increase the manufacturing sector's contribution to India's GDP to 25% and create 100 million additional jobs in manufacturing by 2022 (target extended).

Answer: Rs 10,372 crore

The IndiaAI Mission was approved in March 2024 with a total outlay of Rs 10,371 crore over 5 years to build AI computing infrastructure, datasets, and applications.

Answer: NDA (National Democratic Alliance)

The NDA led by BJP won the 2024 Lok Sabha elections securing 293 seats (BJP: 240), forming the government with PM Narendra Modi for a third consecutive term.

Answer: 4,992

India's mangrove cover is approximately 4,992 sq km as per the State of Forest Report 2023. The Sundarbans (West Bengal) has the largest mangrove cover in India.

Answer: India Stack

India Stack refers to India's open API-based Digital Public Infrastructure comprising Aadhaar (identity), UPI (payments), DigiLocker (documents), and other interoperable systems.

Answer: Ministry of Ports, Shipping and Waterways

The Indian Coast Guard is under the administrative control of the Ministry of Ports, Shipping and Waterways (not the Ministry of Defence), though it works closely with the Navy.

Answer: 2022

India-UAE CEPA was signed in February 2022 and came into force in May 2022 — India's first CEPA with a Gulf country, targeting bilateral trade of $100 billion.

Answer: NIFTY 50

NIFTY 50 is the benchmark index of the National Stock Exchange (NSE) of India comprising 50 major stocks. SENSEX is BSE's benchmark index with 30 stocks.

Answer: 2015

NITI (National Institution for Transforming India) Aayog was established on January 1, 2015, replacing the Planning Commission which had existed since 1950.

Answer: True

India aims to increase nuclear power capacity from ~7 GW to 22 GW by 2031-32 as part of its clean energy mix, with new reactors at Gorakhpur, Jaitapur, and Kovvada.

Answer: False

BrahMos is a joint venture between India (DRDO) and Russia (NPO Mashinostroyeniya), not Israel. It is named after the Brahmaputra and Moskva rivers.

Answer: True

Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) provides health insurance coverage of Rs 5 lakh per family per year for secondary and tertiary hospitalisation.

Answer: True

India held the SCO Chairmanship in 2022-23 and hosted the SCO Summit virtually in July 2023. The in-person foreign ministers' meeting was held in Goa.

Answer: False

India is structurally a current account deficit country due to high import bills (crude oil, gold, electronics). India occasionally posts surpluses during COVID-era import compression.

Answer: True

Cheetahs had become extinct in India by 1952. They were reintroduced on September 17, 2022 at Kuno NP, Madhya Pradesh — 8 from Namibia initially.

Answer: True

Tata Electronics received government approval for India's first semiconductor fab plant in Dholera Special Investment Region (DSIR), Gujarat.

Answer: Human, animal, and environmental health

'One Health' is an integrated approach recognising that human health, animal health, and ecosystem health are interconnected and interdependent.

Answer: Philippines

The Philippines was the first country to receive the BrahMos supersonic cruise missile from India under a USD 375 million deal signed in 2022, marking a landmark defence export.

Answer: 2016

The IBC 2016 consolidated the insolvency framework in India, providing time-bound resolution of insolvency for companies, partnerships, and individuals.