Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI

All RBI News SEBI News NPCI News in November, 2024

Banking/ Financial / Economy News

1. Recently as per report Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in April-September (H1FY25).
The quantity of the precious metals stored in local safes stood at _________ metric tonnes as of September 30, up from over 408 metric tonnes as of
March 31, 2024.
A. 510.5 metric tonnes
B. 614.5 metric tonnes
C. 546.5 metric tonnes
D. 854.5 metric tonnes
E. 342.5 metric tonnes

 The Reserve Bank of India (RBI) on the auspicious occasion of Dhanteras (29 October)
announced that it has transported an additional 102 tonnes of gold from the Bank of
England's vaults in London to secure storage facilities within India.
 As per RBI’s latest report on foreign exchange reserves, as of the end of September,
the central bank holds 854.73 tonnes of gold, with 510.46 tonnes now stored
domestically.
 Since September 2022, a total of 214 tonnes has been relocated to India as the RBI
and the government prioritise safeguarding their assets amid escalating global
geopolitical tensions.
 India has been gradually moving gold reserves to local vaults—said to be located in
the financial capital and Nagpur—over the past few years.
 The shift to domestic storage follows a significant move in May, when approximately
100 tonnes were transferred from the Bank of England.
 The RBI continues to retain 324.01 tonnes of its gold reserves under the protection of
the Bank of England and the Bank for International Settlements, which collectively
hold a substantial portion of India's gold abroad and 20.26 metric tonnes were held
as gold deposits.
 In value terms, the share of gold in the total foreign exchange reserves increased from 8.15 per cent as
of March 2024 to about 9.32 per cent as of September 2024 due to an increase in tonnage and the surge
in prices.
 News Link - Dhanteras special: RBI brings home 102 tonnes of gold; here's why | Banking - Business
StandardRBI's secret mission this Dhanteras brings back another 102 tonnes of gold from England - The
Economic TimesRBI raises domestically-held gold by 102 metric tonnes in H1FY25; reserves volume swells
to 854 MT | Mint

2. In November as per report Reserve Bank of India (RBI) issued a directive regarding the deployment of
Note Sorting Machines (NSMs) by banks in India.
In collaboration with the Bureau of Indian Standards (BIS) and other stakeholders, the RBI has
established new standards for Note Sorting Machines, documented in IS 18663: 2024.
These standards aim to enhance the banknote sorting infrastructure nationwide.
The RBI has mandated that, starting __________banks must only utilize NSM models that comply with
these new Indian Standards and have been certified by BIS.
A. 1st April, 2025
B. 1st January, 2025
C. 1st November, 2024
D. 1st December, 2024
E. 1st May, 2025

 Reserve Bank of India (RBI) issued a directive regarding the deployment of Note Sorting Machines
(NSMs) by banks in India.
 This follows the previous circular from July 1, 2022, which set guidelines on authentication and sorting parameters for Note Sorting Machines .

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 In collaboration with the Bureau of Indian Standards (BIS) and other stakeholders, the RBI has established new standards for NSMs, documented in IS
18663: 2024, which was published in the Gazette of India on March 19, 2024.
 These standards aim to enhance the banknote sorting infrastructure nationwide.
 The RBI has mandated that, starting May 1, 2025, banks must only utilize NSM models that comply with these new Indian Standards and have been
certified by BIS.
 This initiative is part of the RBI’s broader efforts to ensure the integrity and efficiency of banknote processing in the country.
 The note sorting machines are used for counting, sorting and bundling of banknotes. These are primarily used in banks handling currency.
 Reserve Bank of India - Notifications RBI Mandates Certified Note Sorting Machines Note Sorting Machine – Classic Labs

3. Reserve Bank of India (RBI) had issued a new framework on Domestic Money Transfer (DMT) in July 2024 for regulated enterprises, requiring stronger
Know Your Customer (KYC) record standards and focusing on banking services and payment systems.
The new guidelines are effective from November 1, 2024.
According to the RBI, based on the review, remitting bank shall obtain and keep a record of the name and address of the beneficiary.
Cash pay-out refers to transferring funds from bank accounts to beneficiaries who do not have a bank account.
According to the RBI circular on Cash pay-out banks are permitted to provide services which facilitate transfer of funds from the accounts of their
customers for delivery in cash to the recipients not having bank accounts at an ATM or through an agent appointed as Business Correspondent.
It has been decided to raise the ceiling on the value of such transfers from Rs. 5,000 to __________ per transaction subject to the cap of Rs. 25,000 per
month.
A. Rs. 20,000 per transaction
B. Rs. 10,000 per transaction
C. Rs. 15,000 per transaction
D. Rs. 25,000 per transaction
E. Rs. 50,000 per transaction

 The Reserve Bank of India (RBI) had issued a new framework on Domestic Money Transfer (DMT) in July 2024 for regulated enterprises, requiring stronger
Know Your Customer (KYC) record standards and focusing on banking services and payment systems.
 The new guidelines are effective from November 1, 2024, as per the RBI’s July 24, 2024 circular.
 The revised regulations are intended to improve the security of domestic money transfers and ensure compliance with current financial laws.
 According to the RBI, based on the review, the following changes are being made:
 Cash Pay-out Service - The remitting bank shall obtain and keep a record of the name and address of the beneficiary.
 Cash Pay-in Service - Remitting banks / Business Correspondents (BCs) shall register the remitter based on a verified cell phone number and a self-certified
‘Officially Valid Document (OVD)’ as per the Master Direction – Know Your Customer Direction 2016, as amended from time to time.
 Every transaction by a remitter shall be validated by an Additional Factor of Authentication (AFA).
 Cash pay-out refers to transferring funds from bank accounts to beneficiaries who do not have a bank account.
 According to the RBI circular dated October 5, 2011, “banks are permitted to provide services which facilitate transfer of funds from the accounts of their
customers for delivery in cash to the recipients not having bank accounts at an ATM or through an agent appointed as Business Correspondent.
 It has been decided to raise the ceiling on the value of such transfers from Rs. 5,000 to Rs. 10,000 per transaction subject to the cap of Rs. 25,000 per
month.
 It has been further decided to permit banks to facilitate such fund transfers through any other authorized payment channels as well. The remitting bank
shall obtain full details of the name and address of the beneficiary.”
 According to the RBI circular dated October 5, 2011, “a walk-in customer at a bank branch can remit funds up to Rs. 50,000 to the bank account of a
beneficiary through NEFT.
 Besides, banks are also permitted to allow such customers to transfer funds to a Bank account of a beneficiary through BCs, ATMs, etc. up to a maximum
amount of Rs.5,000 per transaction with a monthly cap of Rs. 25,000.
 Such a walk-in customer needs to provide minimum details like his name and complete address to the remitting bank.”
 [Link]
check-details/114971402

4. In November as per report Reserve Bank has decided to expand the reporting requirement of forex transactions and include foreign exchange spot deals to
ensure completeness of transaction data in the trade repository (TR) of the Clearing Corporation of India.
Authorised dealers have been asked to report all inter-bank foreign exchange contracts undertaken by them to the TR of CCIL with effect from
__________, as per defined timelines.
A. 25th December, 2024
B. 1st January, 2025

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

C. 10th February, 2025

D. 20th November, 2024
E. 15th December, 2024

 The Reserve Bank has decided to expand the reporting requirement of forex transactions and include foreign
exchange spot deals to ensure completeness of transaction data in the trade repository (TR) of the Clearing
Corporation of India.
 Currently, authorised dealers report all over-the-counter (OTC) foreign exchange derivative contracts and foreign
currency interest rate derivative contracts undertaken by them directly or through their overseas entities to the TR
of Clearing Corporation of India Limited (CCIL).
 Accordingly, transactions in foreign exchange cash; foreign exchange tom; and foreign exchange spot, involving the
rupee or otherwise shall now be reported to the TR.
 However, money-changing transactions are not in the scope of the latest directions.
 Authorised dealers have been asked to report all inter-bank foreign exchange contracts undertaken by them to the
TR of CCIL with effect from February 10, 2025, as per defined timelines.
 The RBI also said there would be no requirement to match transactions with overseas counterparties and client
transactions in the TR as the overseas counterparties and clients are not required to report/confirm the transaction
details.
 Authorised Dealer shall report all FX contracts executed with clients to the TR of CCIL in a phased manner. The
following FX contracts executed with clients shall be mandatorily reported as per the following timelines:
 FX contracts with the value equal to or exceeding the threshold limit of USD 1 million and equivalent thereof in
other currencies with effect from May 12, 2025.
 FX contracts with the value equal to or exceeding the threshold limit of USD 50,000 and equivalent thereof in other currencies with effect from November
10, 2025.
 Reserve Bank of India - Notifications RBI Forex Reporting Requirements: RBI includes spot deals to expand forex reporting requirements, ET LegalWorld

5. In November as per report Reserve Bank of India (RBI) has expanded the list of specified Government securities that non-residents
can invest in under the Fully Accessible Route (FAR) by including __________year Sovereign Green Bonds (SGrBs).
A. 20 year Sovereign Green Bonds
B. 10 year Sovereign Green Bonds
C. 30 year Sovereign Green Bonds
D. 15 year Sovereign Green Bonds
E. 7 year Sovereign Green Bonds

 The Reserve Bank of India (RBI) has expanded the list of specified Government securities that non-residents can invest in under the
Fully Accessible Route (FAR) by including 10-year Sovereign Green Bonds (SGrBs).
 The central bank has decided to designate SGrBs of 10-year tenor to be issued by the Government in the second half of the fiscal
year 2024-25 as ‘specified securities’ under the FAR.
 This comes in the wake of Indian Government Securities (G-Secs) being included in JPMorgan Chase’s benchmark Emerging
Markets Bond Index Global Diversified (GBI-EM GD) index starting June 28, 2024.
 Further, the G-Secs will be included in the Bloomberg EM Local Currency Government indices, starting January 2025. Also, FTSE
Russell will add G-Secs to the FTSE Emerging Markets Government Bond Index (EMGBI), with the inclusion starting in September
2025.
 The RBI, in consultation with the Government, had introduced a separate channel – FAR -- in 2020 to enable non-residents to invest
in specified Government of India dated securities.
 Eligible investors can invest in specified Government securities without being subject to any investment ceilings.
 These investors include Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and other
entities permitted to invest in Government Securities under the Debt Regulations.
 As per the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrB), for the second
half of the fiscal year 2024-25 (October 01, 2024 to March 31, 2025), the Government will raise ₹6.61 lakh crore.
 Out of this, the Government will mop up ₹20,000 crore via four SGrB issuances (two of 10-years tenor and two of 30-years tenor) of Rs 5,000 crore each.
 The RBI has issued a total of ₹36,000 crore in green bonds since 2022-23.
 Reserve Bank of India - NotificationsRBI designates 10-year Sovereign Green Bonds under FAR for investment by non-residents - The Hindu BusinessLine

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

6. Recently as per report Reserve Bank of India (RBI) said State Bank of India (SBI), HDFC Bank and ICICI Bank will continue to be identified as Domestic
Systemically Important Banks (D-SIBs).
Consider the following statement Domestic Systemically Important Banks. Which of the following statement is incorrect?
1. D-SIB designated banks have to maintain additional Common Equity Tier 1 (CET1) in addition to the capital conservation buffer.
2. Central bank has prescribed higher additional Common Equity Tier (CET) 1 requirement for SBI at 0.80 and HDFC Bank at 0.60 to their Risk Weighted
Assets (RWAs).
3. The higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 01, 2025. Hence, up to March 31, 2025, the D-SIB surcharge applicable to
SBI and HDFC Bank will be 0.60% and 0.20% respectively.
4. In order to be listed as a D-SIB, a bank needs to have assets that exceed 5% of the national GDP.
5. Banks are classified into five buckets under Domestic Systemically Important Banks.

7. Which of the following are broad indicators by RBI for D-

SIB identification methodology?
1. Size
2. Interconnectedness
3. Substitutability
4. Complexity
5. Cross jurisdictional activity

Select the correct source code:

A. Only 1,2 and 3
B. Only 2,3 and 5
C. Only 1,4 and5
D. Only 1,2,3 and 4
E. All of the above

 The Reserve Bank of India (RBI) said State Bank of India (SBI), HDFC Bank and ICICI Bank will
continue to be identified as Domestic Systemically Important Banks (D-SIBs).
 The D-SIB designated banks have to maintain additional Common Equity Tier 1 (CET1) in addition
to the capital conservation buffer.
 In order to be listed as a D-SIB, a bank needs to have assets that exceed 2% of the national GDP.
Banks are classified into five buckets under Domestic Systemically Important Banks (D-SIBs).
 The central bank, which released the 2024 list of D-SIBs, has prescribed additional CET 1
requirement of 0.80 per cent for SBI, 0.40 per cent for HDFC Bank, and 0.20 per cent for ICICI Bank,
as a percentage of their Risk Weighted Assets (RWAs).
 RBI said the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 01, 2025.
Hence, up to March 31, 2025, the D-SIB surcharge applicable to SBI and HDFC Bank will be 0.60 per
cent and 0.20 per cent, respectively.
 Within the CRAR (capital to risk-weighted assets ratio) of 11.5 per cent for banks, the CET-1 is at
5.5 per cent.
 So, beginning FY26, if SBI wants to make a loan, it will have to back it up with 12.3 per cent of the
loan amount as capital against 12.1 per cent now, going by the D-SIB prescription.
 If HDFC Bank wants to make a loan, it will have to back it up with 11.9 per cent of the loan amount
as capital against 11.7 per cent now, going by the D-SIB prescription.
 The Reserve Bank had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016 while HDFC Bank was classified as D-SIB in 2017 along with SBI and ICICI
Bank.
 The current update is based on the data collected from banks as on March 31, 2024.
 The indicators used for identifying a Bank as a D-SIB are: size, interconnectedness, substitutability (including total value and volume of payments made in
Rupees) and complexity.
 Size will be given a weight of 40% and other three indicators will be given a weight of 20% each.
 Reserve Bank of India - Press ReleasesSBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks: RBI - The Hindu
BusinessLine

8. In November as per report Reserve Bank of India (RBI) has given banks and ATM operators some wiggle room for implementing the cassette swap
mechanism for cash replenishment in ATMs.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

RBI has told banks to implement the roadmap for cassette swap implementation by 31 March 2025.
In 2018, the banks were asked by RBI to implement the cassette swap mechanisms in a phased manner.
Under the cassette swap mechanism, lockable cassettes filled with banknotes are used in ATMs that are swapped at the time of cash replenishment.
As per estimates, each ATM will require how many cassettes for implementing the cassette swap mechanism in ATMs.
A. 3
B. 4
C. 7
D. 2
E. 8

 The Reserve Bank of India (RBI) has given banks and ATM operators some wiggle room for implementing the cassette swap mechanism for cash
replenishment in ATMs.
 The banking regulator has exempted cash recycler machines (CRMs) from the cassette swap requirement for cash replenishment.
 Additionally, this exemption applies when banks don’t engage outsourced agencies for cash replenishment in ATMs.
 In 2018, the RBI had asked banks to implement the cassette swap mechanism in a phased manner, covering at least one-third of ATMs operated by them
each year so that all ATMs would achieve cassette swap by March 31, 2021. However, the implementation has been tardy.
 Now, the RBI has asked banks to expeditiously implement the roadmap for cassette swap implementation by March 31, 2025.
 Under the cassette swap mechanism, lockable cassettes filled with banknotes are used in ATMs that are swapped at the time of cash replenishment.
 This move to exclude the cash recyclers from the cassette swap process is, in fact, a step back and needs further discussion and debate.
 As per estimates, each ATM will require three sets of five cassettes — one set in the ATM, one in transit, and another at the branch/cash-in-transit (CIT)
company (ready for loading the next day).
 The cost of each cassette is in the range of ₹15,000 to ₹20,000. As of August 2024, there were 2.55 lakh ATMs in the country. Of these, 2.20 lakh were
bank-owned ATMs, and 35,000 were owned by White Label ATM Operators.
 RBI grants banks, ATM operators more time for cassette swap mechanism - The Hindu BusinessLine

9. In November as per report Reserve Bank of India (RBI) has introduced a framework to allow foreign portfolio investors to convert their investments to
foreign direct investment (FDI).
As per report FPI can be converted into equity holdings in Indian companies after
the ___________% investment limit.
A. 15%
B. 20%
C. 30%
D. 10%
E. 50%

 The Reserve Bank of India issued an operational framework for reclassification of

investment made by a foreign portfolio investor to foreign direct investment (FDI) if
the entity breaches the prescribed limit.
 This is aimed at further enhancing the ease of doing business in India and
attracting foreign investments.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 Currently, an investment made by foreign portfolio investor along with its

investor group (FPI) should be less than 10 per cent of the total paid-up equity
capital on a fully diluted basis.
 Any FPI investing in breach of the prescribed limit has the option of divesting
their holdings or reclassifying such holdings as FDI subject to the conditions
specified by the RBI and Sebi within five trading days from the date of settlement
of the trades causing the breach.
 As per the framework, the FPI concerned will have to take necessary approvals
from the government and concurrence of the Indian investee company
concerned.
 For reclassification, the entire investment held by such FPI should be reported
within the timelines as specified under the Foreign Exchange Management
(Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019.
 Under current regulations, FPIs can hold a maximum of 10% of an Indian
company’s total paid-up equity capital. Exceeding this cap previously left FPIs
with two choices: divesting the surplus shares or reclassifying them as FDI.
 News Link - RBI issues framework for reclassification of FPI to FDI - The Economic
Times

10. The 'Report on Municipal Finances' released by the Reserve Bank on noted that the demand for high-quality public services in urban areas is growing
rapidly with a rising urban population.
The RBI said municipal revenue receipts, which were subdued during 2020-21, grew by _________per cent in 2021-22 mainly due to rise in non-tax
revenues.
A. 27.2 per cent
B. 18.2 per cent
C. 22.5 per cent
D. 12.6 per cent
E. 33.4 per cent

 The Reserve Bank of India (RBI) released the Report on Municipal Finances.
 The Report with the theme “Own Sources of Revenue Generation in Municipal Corporations:
Opportunities and Challenges” presents an analysis of the budgetary data for 232 municipal
corporations (MCs), which covers more than 90 per cent of total MCs in the country.
 The analysis in this Report has been widened to cover more MCs and strengthened with findings
from a primary survey of MCs on property taxes, a significant revenue source for the corporations.
 The ‘Report on Municipal Finances’ noted that borrowings by such corporations from financial institutions increased to Rs 13,364 crore in 2023-24 from Rs
2,886 crore in 2019-20.
 Property taxes are a major source of own tax revenue of the MCs in India, constituting more than 16 per cent of revenue receipts and more than 60 per
cent of their own tax revenue.
 The RBI said municipal revenue receipts, which were subdued during 2020-21, grew by 22.5 per cent in 2021-22 mainly due to rise in non-tax revenues.
 As of March 2024, the total municipal bonds outstanding at Rs 4,204 crore was just 0.09 per cent of the total corporate bonds outstanding.
 The total grants from the Central government and the State governments to the MCs increased by 24.9 per cent and 20.4 per cent, respectively, in 2022-
23
 Borrowings by the MCs from the financial institutions (secured and unsecured) in India increased from ₹2,886 crore during 2019-20 to ₹13,364 crore
during 2023-24. Borrowings from financial institutions accounted for 5.2 per cent of total municipal receipts.
 Bengaluru was the first to issue a municipal bond worth ₹125 crore in 1997.
 In India, municipal green bond issuance started in 2021, when Ghaziabad Nagar Nigam raised bonds worth ₹150 crore for setting up a tertiary water
treatment plant.
 This was followed by Indore in 2023 and Ahmedabad and Vadodara in 2024.
 Municipal green bonds worth ₹694 crore have been raised in 4 years for different green projects.
 [Link] Bank of India - Press ReleasesMunicipal corporations need to enhance
own sources of revenue: RBI report, ET BFSI

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

11. According to a RBI report on ‘Municipal Finances’ total municipal bonds outstanding was ________crore which is just 0.09 per cent of the total corporate
bonds outstanding as of March-end 2024.
A. ₹4,845crore
B. ₹4,698 crore
C. ₹4,204 crore
D. ₹4,987crore
E. ₹4,945 crore

 A recent RBI report has urged municipal corporations to

boost their own sources of revenue through tax reforms,
rationalised user charges, and better collection
mechanisms.
 The Indian municipal bond market remains in a nascent
stage, with the total municipal bonds outstanding at
₹4,204 crore being just 0.09 per cent of the total
corporate bonds outstanding as of March-end 2024.
 The Reserve Bank of India (RBI) report analysed finances
of 232 municipal corporations (MC) — that’s 90% of the
MCs in the country — from 2019-20 to 2023-24, finds
that while the consolidated budgets of the municipalities
indicate a surplus on the revenue.
 While the surplus fell to Rs 1,034 crore in the pandemic year 2020-21 it was budgeted higher at Rs 20,819 crore in 2023-24.
 The total expenditure of the MCs increased slightly from 1.2% of GDP in 2019-20 to 1.3% of GDP in 2023-24 (budget estimates).
 The issuance of municipal green bonds began in the United States in 2014, followed by similar initiatives by cities and municipalities in Europe.
 In India, municipal green bond issuance started in 2021, when Ghaziabad Nagar Nigam raised bonds worth ₹150 crore for setting up a tertiary water
treatment plant.
 This was followed by Indore in 2023 and Ahmedabad and Vadodara in 2024. Municipal green bonds worth ₹694 crore have been raised in 4 years for
different green projects.
 Municipal Bonds: Improvement in the financial performance and credit ratings of municipal corporations critical, says RBI report - The Hindu BusinessLine

12. Recently as per analysis of data from RBI report on municipal finances __________ registered the top 3 highest CAGR of 26 per cent, 23 per cent and 23
per cent in this tax revenue.
1. West Bengal
2. Gujarat
3. Delhi
4. Rajasthan
5. Tamil Nadu

Select the correct source code:

A. Only 2,3 and 5
B. Only 1,2 and 3
C. Only 3,4 and 5
D. Only 1,3 and 5
E. All of the above

 As urban economic activity increases and

digital assessments grow, municipal
corporations (MCs) of some States have
leveraged property taxes more than others
to drive overall revenue of the urban local
bodies (ULBs).
 As per analysis of data from RBI report on municipal finances, between FY19 and FY24, the MCs of the top States by GSDP (and UT Delhi) recorded a CAGR
ranging between 3 and 26 per cent.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 Among these, Delhi, Rajasthan and Tamil Nadu registered the highest CAGR of 26 per cent, 23 per cent and 23 per cent in this tax revenue. West Bengal
saw the lowest CAGR at 3 per cent.
 Property taxes are a major source of own tax revenue for municipal corporations.
 On an all-India basis, this tax makes up for more than 16 per cent of total revenue receipts of the MCs and around 70 per cent of their own tax revenue.
 For FY24 (BE), five out of the top 10 States received more than 25 per cent of their total revenue receipts from property taxes.
 The other tax revenues of MCs include water tax, electricity tax, education tax, and others.
 Delhi, Rajasthan and Tamil Nadu record highest 5-year growth in property taxes - The Hindu BusinessLine

13. In November as per report Reserve Bank of India (RBI) devolved the auction of the new Sovereign Green Bond (SGrB) on primary dealers (PDs) as investors
bid for these bonds at a lower price, reflecting lack of interest in these bonds due to their relatively illiquid nature.
The RBI accepted bids for Rs 1,502.01 crore at 6.79%, while___________ crore of the 10-year bonds devolved on primary dealers.
A. Rs 2,123.99 crore
B. Rs 4,456.99 crore
C. Rs 5,123.99 crore
D. Rs 3,497.99 crore
E. Rs 6,124.99 crore

 The Reserve Bank of India (RBI) devolved the auction of the new Sovereign
Green Bond (SGrB) on primary dealers (PDs) as investors bid for these bonds at
a lower price, reflecting lack of interest in these bonds due to their relatively
illiquid nature.
 At Friday’s auction of SGrBs, against the notified amount of ₹5,000 crore, the
RBI received 73 competitive bids aggregating ₹9,630 crore and four non-
competitive bids aggregating ₹2 crore.
 While the central bank accepted all the non-competitive bids, it accepted only
nine competitive bids aggregating ₹1,500 crore, devolving ₹3,497 crore on PDs.
The cut-off yield at the auction was 6.79 per cent.
 PDs are financial intermediaries that function as a link between the debt
manager and investor, and provide liquidity in the secondary market.
 RBI devolves ₹3,497 crore of green bond auction on PDs due to limited investor
interest - The Hindu BusinessLine

14. Recently as per report Star India will make a web series on the Reserve Bank of India's 90-year-long journey to help
people have a better understanding about the central bank's vital role in the country's fast-growing economy.
The Reserve Bank of India (RBI), which was set up in 1935, completed 90 years in April this year.
As per the RFP document, the RBI had desired the creation of a web series of ____________ episodes of approximately
25-30 minutes each, which can be aired on national TV channels and/or OTT platforms, commemorating 90 years
journey of the RBI.
A. 2
B. 7
C. 3
D. 5
E. 9

 Star India will make a web series on the Reserve Bank of India's 90-year-long journey to help people have a better
understanding about the central bank's vital role in the country's fast-growing economy.
 The Reserve Bank of India (RBI), which was set up in 1935, completed 90 years in April this year.
 Star India Private Limited, Viacom 18, Zee Entertainment Network Limited and Discovery Communications India were
in the fray for "Production and distribution of Web Series Commemorating 90 years of RBI" after the central bank
floated a Request for Proposal (RFP) in July.
 While Zee Entertainment Network and Discovery Communications India did not qualify beyond the technical
evaluation round, Star India Pvt Ltd and Viacom 18 made it to the final round.
 According to the RBI, Star India has been awarded the tender for Rs 6.5 crore to make the web series.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 As per the RFP document, the RBI had desired the creation of a web series of five episodes of approximately 25-30 minutes each, which can be aired on
national TV channels and/or OTT platforms, commemorating 90 years journey of the RBI.
 The five-episode series will serve as a valuable resource for enhancing public understanding of the central bank's vital role in the economy, fostering
greater engagement, and building trust and confidence in its operations and policies.
 [Link]
bank/115198227?utm_source=top_news&utm_medium=sectionListing

15. In November as per report Reserve Bank of India (RBI) and the ______________have signed a Memorandum of Understanding (MoU) to establish a
framework for promoting the use of local currencies for cross-border transactions.
A. Australia Monetary Authority
B. Japan Monetary Authority
C. Egypt Monetary Authority
D. Maldives Monetary Authority
E. Israel Monetary Authority

 The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU)
today in Mumbai for establishing a framework to promote the use of local currencies viz., the Indian Rupee (INR) and the
Maldivian Rufiyaa (MVR) for cross-border transactions.
 The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Maldives Monetary
Authority, Mr. Ahmed Munawar.
 The MoU encourages the use of INR and MVR in current account transactions, permissible capital account transactions and any
other economic and financial transactions as agreed upon by both countries.
 Last year, the RBI signed a similar agreement with the Central Bank of the UAE in Abu Dhabi.
 Reserve Bank of India - Press ReleasesIndia, Maldives ink pact for cross-border transactions in local currencies | Economy & Policy News - Business Standard

16. In November as per report Reserve Bank of India (RBI)’s Committee on MIBOR Benchmark, suggested that the Financial Benchmarks India Limited (FBIL)
may develop and publish a benchmark based on the secured money market, referred to as the Secured Overnight Rupee Rate (SORR).
Who is the head of the Reserve Bank of India's (RBI) Committee on MIBOR Benchmark?
A. Rajiv Joshi
B. Ajay Mathur
C. R. Subramanian
D. N. S. Vishwanathan
E. M. D. Patra

 The Reserve Bank of India (RBI)’s Committee on MIBOR Benchmark, in its report published,
suggested that the Financial Benchmarks India Limited (FBIL) may develop and publish a
benchmark based on the secured money market, referred to as the Secured Overnight Rupee
Rate (SORR).
 This rate will be calculated from trades executed during the first three hours in the basket repo
and TREP (Tri Party Repo) segments.
 The Committee was set up to review rupee interest rate benchmarks in India, with a focus on
evaluating the usage of the Mumbai Interbank Outright Rate (MIBOR) and assessing the need
for transitioning to new benchmarks.
 The Mumbai Interbank Outright Rate (MIBOR) based overnight indexed swap (OIS) contracts are
the most widely used interest rate derivatives (IRDs) in the onshore market.
 It is computed and published by Financial Benchmarks India Pvt. Ltd. (FBIL) on a daily basis.
 Globally, term-based Interest Rate Swaps (IRS) are preferred for predictability and ease of
financial management.
 While the new alternatives to LIBOR (London Interbank Offered Rate), such as SOFR (Secured Overnight Financing Rate) and SONIA (Sterling Overnight
Index Average), are overnight rates, efforts are being made to develop reliable term rates.
 Ramanathan Subramanian is the chairperson of the Reserve Bank of India's (RBI) Committee on MIBOR Benchmark. The committee's recommendations
are expected to help develop the rupee interest rate derivatives market in India.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 The Mumbai Interbank Offer Rate (MIBOR) is a benchmark for the call money market. The Indian National Stock Exchange (NSE) Committee for the
Development of the Debt Market launched the MIBOR on June 15, 1998.
 [Link] RBI's Mibor committee backs benchmark based on secured money market | Banking -
Business Standard

17. Recently as per data from the Reserve Bank of India (RBI), ATM numbers dropped from 219,000 in September 2023 to __________ in September 2024.
A. 218,000
B. 220,000
C. 215,000
D. 225,000
E. 230,000

 Amid record-high cash circulation, banks in India are reportedly reducing the number of Automated Teller Machines
and cash recyclers.
 This is due to the growing adoption of digital payments, especially through UPI, alongside a strategic shift towards
digital banking.
 According to data from the Reserve Bank of India (RBI), ATM numbers dropped from 219,000 in September 2023 to
215,000 in September 2024, with a significant decline in off-site ATMs — from 97,072 in September 2022 to 87,638 by
September 2024.
 Automated Teller Machines have revolutionised banking in India, with their introduction marking a milestone in
financial accessibility.
 Cash in circulation accounted for 12% of India's gross domestic product in FY22. But ATM penetration in India remains
low with only 15 such machines available for 100,000 people, as per a 2022 RBI report.
 The first ATM was installed by the Hong Kong and Shanghai Banking Corporation (HSBC) in Mumbai on June 27, 1987.
 This allowed customers to withdraw cash without needing to visit a bank branch, transforming how people interacted
with their finances.
 The concept of ATMs originated from John Shepherd-Barron, who, inspired by chocolate vending machines, developed the first operational ATM in
London in 1967.
 Fewer ATMs, more UPI: India's banking sector shifts to digital payments | Finance News - Business Standard

18. In November as per report Reserve Bank of India (RBI) has imposed a monetary penalty of __________lakh on the South Indian Bank
Limited for non-compliance with certain directions on ‘Interest Rate on Deposits’ and ‘Customer Service in Banks’.
A. Rs 78.20 lakh
B. Rs 45.20 lakh
C. Rs 21.20 lakh
D. Rs 56.20 lakh
E. Rs 59.20 lakh

 The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 59.20 lakh on the South Indian Bank Limited for non-
compliance with certain directions on ‘Interest Rate on Deposits’ and ‘Customer Service in Banks’.
 This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A (1) (c) read with Section 46
(4) (i) of BR Act.
 The South Indian Bank Limited is a major private-sector bank headquartered at Thrissur in Kerala, India.
 CEO: P. R. Seshadri.
 RBI imposes monetary penalty on South Indian Bank over non-compliance, ET BFSI

19. Recently as per report generative artificial intelligence (AI) could add between ___________ billion to India’s GDP by 2029-30.
A. 645 billion
B. 541 billion
C. 324 billion
D. 438 billion

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

E. 496 billion

 Generative artificial intelligence (GenAI) could boost global gross domestic product (GDP) by $7 trillion-$10 trillion
over the next three years and add $359 billion-$438 billion to India's GDP by 2029-30.
 It is estimated that the digital economy currently accounts for a tenth of India's GDP; going by growth rates
observed over the past decade, it is poised to constitute a fifth of GDP by 2026.
 Indian firms' integration of AI into production processes has increased from 8 percent in 2023 to 25 percent in
2024.
 Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra | Banking - Business Standard

20. In November as per report Reserve Bank of India has extended the supersession on _____________for another
year till November 24, 2025 and asked Satya Prakash Pathak to continue as the administrator of the bank.
A. Shamrao Vithal Cooperative Bank
B. Cosmos Cooperative Bank
C. Abhyudaya Cooperative Bank
D. Saraswat Cooperative Bank
E. Bharat Cooperative Bank

 Reserve Bank of India (RBI), in exercise of its powers under Section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies), has
extended the period of supersession for a further period of 12 months, effective from November 24, 2024.
 Shri Satya Prakash Pathak will continue as the Administrator of the bank, assisted by the Committee of Advisors comprising Shri Venkatesh Hegde, Shri
Devendra Kumar, and Shri Suhas Gokhale.
 Earlier, the regulator superseded the board on November 24, 2023 for a year due to material concerns arising from poor governance standards observed
within the bank.
 However, RBI has not placed any business restrictions and the bank is allowed to continue to carry on normal banking activities under the guidance of the
administrator.
 Reserve Bank of India - Press ReleasesRBI extends supersession on Abhyudaya Coop Bank board for another year, ET BFSI

21. In November as per report Reserve Bank of India has launched a ‘Scheme for writing books originally in Hindi on Economics/Banking/Financial subjects.
Under this scheme, working/retired Professors (Including Assistant and Associate Professor etc.) of Indian Universities (UGC recognized) are awarded
three prizes of _________ each for writing books originally in Hindi on Economics/Banking/Financial subjects.
A. ₹1,15,000
B. ₹1,50,000
C. ₹1,25,000
D. ₹1,75,000
E. ₹1,00,000

 Reserve Bank of India has launched a ‘Scheme for writing books originally in Hindi on Economics/Banking/Financial subjects. Under this scheme,
working/retired Professors (Including Assistant and Associate Professor etc.) of Indian Universities (UGC recognized) are awarded three prizes of
₹1,25,000.00 (One lakh twenty-five thousand) each for writing books originally in Hindi on Economics/Banking/Financial subjects.
 Professors of Economics/Banking/Financial Sector will examine the contents of the books and professor of Hindi Literature/Linguistics will examine the
language and style.
 Weightage for contents will be 60% and weightage for language and style will be 40%.
 Number of awards: Maximum three (3). The author awarded for 2 consecutive years will be in the cooling period for the third year. In the fourth year, he
will be again eligible to participate in the scheme.
 Working/Retired Professors (including Assistant and Associate etc.) of Indian Universities (UGC recognized), who have written at least one book of
minimum 200 pages originally in Hindi on Economic/Banking/Finance subject, will be eligible for this scheme.
 Reserve Bank of India - Press ReleasesANNEX_21112024.pdf

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

22. In November as per report Newgen Software Technologies Ltd has received a purchase order worth about _____________ crore from the Reserve Bank of
India (RBI) for the implementation and maintenance of the Regulatory Application Management System (RAMS).
A. ₹42 crore
B. ₹78 crore
C. ₹18 crore
D. ₹32 crore
E. ₹12 crore

 Newgen Software Technologies Ltd has received a purchase order worth about ₹32 crore from the Reserve Bank of India (RBI) for the implementation and
maintenance of the Regulatory Application Management System (RAMS).
 The aggregate value of the aforesaid purchase order is ₹32.44 crore (inclusive of 18 per cent GST), per the company’s regulatory filing. The order is to be
executed in seven years.
 This purchase order is subject to Newgen's acceptance of all terms and conditions outlined in the Request for Proposal (RFP) and the purchase order.
 Newgen Software Technologies receives ₹32 crore order from RBI for implementing Regulatory Application Management System - The Hindu BusinessLine

23. Recently as per report RBI has enhanced the Priority Sector Lending (PSL) limit for e-NWRs from Rs 50 Lakh to Rs ___________.
A. Rs 100 Lakh
B. Rs 80 Lakh
C. Rs 200 Lakh
D. Rs 90 Lakh
E. Rs 75 Lakh

 Warehousing regulator WDRA will pursue with the RBI again for getting preferential treatment to Electronic Negotiable Warehouse Receipt (eNWR).
eNWR is a digital warehousing receipt issued by registered warehouses regulated and governed by WDRA.
 eNWR is used as a three-in-one instrument for financing, trading, and settlement.
 Warehousing Development and Regulatory Authority (WDRA) has approached RBI several times to make eNWR mandatory for pledge financing, or at
least give preferential treatment to eNWR-based loans.
 RBI has enhanced the Priority Sector Lending (PSL) limit for e-NWRs from Rs 50 Lakh to Rs 75 Lakh.
 The negotiable warehouse receipt (NWR) system was launched in 2011 allowing the transfer of ownership of a commodity stored in a warehouse without
having to deliver it physically.
 WDRA to approach RBI again for getting preferential treatment eNWRs: Par report, ET BFSI

24. In November as per report Reserve Bank of India (RBI) decided to lift restrictions placed on _________with
immediate effect as rbi in october has ceased and desist sanction and disbursal of loans, effective from close of
business of October 21, 2024 on the company.
A. Asirvad Micro Finance Limited
B. Arohan Financial Services Limited
C. DMI Finance Private Limited
D. Baaj Finance Limited
E. Navi Finserv Limited

 Reserve Bank of India announced decision to remove its supervisory restrictions on Sachin Bansal's Navi Finserv
Limited following several rounds of interaction with the company for rectification of deficiencies.
 The central bank on October 17, 2024 had issued directions to Navi Finserv Limited, Bengaluru (and three other
NBFCs), to cease and desist from sanction and disbursal of loans, effective from close of business of October 21,
2024.
 Besides Navi, the central bank had put similar restrictions on three other NBFCs -- New Delhi-based DMI Finance
Private Limited, Kolkata-based Arohan Financial Services Limited, and Chennai-based Asirvad Micro Finance
Limited.
 Navi Finserv Limited: RBI lifts ban on Sachin Bansal’s Navi Finserv, ET BFSI

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

25. In November as per report Reserve Bank released its quarterly house price index (HPI)1 for Q2:2024-25, based on transaction-level data received from the
registration authorities in ten major cities.
All-India HPI increased by __________per cent (y-o-y) in Q2:2024-25 as compared to 3.3 per cent growth in the previous quarter and 3.5 per cent growth a
year ago
A. 2.1%
B. 5.6%
C. 3.2%
D. 4.3%
E. 6.1%

 All-India House Price Index (HPI) increased 4.3 per cent annually in the second
quarter of the 2024-25 fiscal year as compared to 3.3 per cent growth in the
previous quarter and 3.5 per cent growth a year ago.
 The RBI released its quarterly house price index for the September quarter of
2024-25, based on transaction-level data received from the registration
authorities in ten major cities.
 The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi,
Kolkata, Lucknow, and Mumbai.
 The RBI said the annual HPI growth varied widely across the cities -- ranging
from a high growth of 8.8 per cent (Bengaluru) to a decline of (-) 2 per cent
(Kanpur).
 On a sequential (quarter-on-quarter) basis, all-India HPI decreased 0.1 per cent
in the July-September period.
 Ahmedabad, Lucknow, Kolkata and Chennai recorded a sequential rise in house prices during the latest quarter.
 Reserve Bank of India - Press Releases

SEBI in News November Month

26. In November as per report Sebi proposed raising the maximum investment limit by an angel fund in a startup to ________ crore, a move that can provide
a boost to the new-age technology companies.
A. Rs 10 crore
B. Rs 15 crore
C. Rs 20 crore
D. Rs 25 crore
E. Rs 50 crore

 The Securities and Exchange Board of India (Sebi) is likely to ease regulations for investments
in angel funds, among other measures, to boost startup funding.
 Sebi had proposed raising the maximum investment limit by an angel fund in a startup to Rs
25 crore.
 Angel funds, a type of Category I Alternative Investment Fund’s - Venture Capital Funds,
provide capital to start-ups from angel investors.
 Now, along with the said proposal, investors may soon be allowed to include Hindu undivided
families (HUFs), family trusts, and sole proprietorships which will expand the scope for angel
funds.
 Sebi had proposed that the minimum investment limit should be reduced to Rs 10 lakh from
the present Rs 25 lakh, and that the maximum investment limit be increased to Rs 25 crore
from the current Rs 10 crore.
 The regulator might also remove the minimum corpus requirement of Rs 5 crore, if five accredited investors are onboarded before angel funds start
investing. For such funds, the 25% diversification limit will be removed.
 As of March 31, 2024, there were 82 angel funds registered with Sebi with a total of Rs 7,053 crore in commitments and Rs 3,343 crore in investments.
 At present, angel investor is defined as any person who proposes to invest in an angel fund and satisfies one of the following conditions -- individual
investor with net tangible assets of at least Rs 2 crore, excluding value of his principal residence and who has early-stage investment experience; or has
experience as a serial entrepreneur; or is a senior management professional with at least 10 years of experience.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 Sebi: Sebi set to ease angel fund norms, boost startup funding - The Economic TimesSebi mulls raising maximum investment limit by angel fund in startup to
Rs 25 crore - The Economic TimesSebi mulls raising investment limit by angel fund in startup to Rs 25 cr | News on Markets - Business Standard

27. Consider the following statement regarding SEBI New Rules on Index F & O. Which of the following statement is incorrect?
1. Sebi had revised the minimum contract value to Rs 15 lakh as against Rs 5 - Rs 10 lakh at present.
2. On the day of review, the lot size of these contracts has to be in the range of Rs15 lakhs - Rs20 lakhs.
3. To undertake this, the NSE Nifty 50 lot size will be increased from 25 to 75, while the BSE Sensex lot size will rise from 10 to 20.
4. As per Sebi new F&O rules, clients can henceforth hold only up to 5 per cent of the total number of all derivative contract of any particular underlying. In
case of a broker, the cap stands at 15 per cent.
5. All of the above are correct.

 Last month, markets regulator Securities and Exchange Board of India (Sebi) released a set
of six measures to strengthen the equity index derivatives, also known as equity futures &
options (F&O), framework.
 Of those, three measures – recalibration of contract size for equity derivatives,
rationalisation of weekly index derivatives products, and increase in tail risk coverage on
the day of options expiry will come into effect from November 20.
 The other three measures will be effective next year.
 Contract size for index derivatives - On October 1, the markets regulator had announced it
will recalibrate the minimum contract size for index futures to Rs 15 lakh at the time of its
introduction in the market from the existing stipulation which says that contracts should
have a value between Rs 5 lakh and Rs 10 lakh.
 The contract size, should be fixed in such a manner that the contract value of the derivative
on the day of review is between Rs 15 lakh and Rs 20 lakh.
 To meet this criteria, NSE and BSE will revise the lot sizes for all new index F&O contracts
introduced from November 21, 2024, onwards.
 To undertake this, the NSE Nifty 50 lot size will be increased from 25 to 75, while the BSE
Sensex lot size will rise from 10 to 20. Nifty Bank and BSE Bankex's lot size will increase to
30 (up 2 times).
 As per Sebi new F&O rules, clients can henceforth hold only up to 5 per cent of the total
number of all derivative contract of any particular underlying. In case of a broker, the cap
stands at 15 per cent.
 Here’s what changes for retail investors from Wednesday as Sebi’s new F&O rules kick in |
Business News - The Indian Express SEBI New Rules on Index F & O: How it Can Change the
Game for Traders?

28. In November as per report Sebi abolished the

requirement of a mandatory security deposit with the
exchanges before a public issue in a bid to facilitate
ease of doing business for issuer companies.
Earlier, companies planning to launch public equity
share issues were required to deposit __________per
cent of the total issue size with stock exchanges,
which was later refunded post-issue.
A. 1 %
B. 2%
C. 3%
D. 5%
E. 10%

 The Securities and Exchange Board of India (Sebi) issued a

circular scraping the mandatory security deposit
requirement with exchanges for public issues effective
immediately.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 The market regulator said that this will help companies to streamline business operations for companies.
 Earlier, companies planning to launch public equity share issues were required to deposit 1 per cent of the total issue size with stock exchanges, which
was later refunded post-issue.
 Sebi abolishes 1% mandatory security deposit requirements in public issues | IPO News - Business Standard

29. Consider the following statement regarding SME IPO rules. Which of the following statement is incorrect?
1. Introduction of a minimum IPO size of ₹10 crore, replacing the current scenario where no minimum is mandated.
2. Increase in the minimum IPO application size to ₹4 lakh, from the current ₹1 lakh.
3. Limit the sale of promoter shares to 20% of the issue size during the IPO.
4. SMEs must show a minimum operating profit of ₹3 crore in two out of the three years prior to filing IPO papers.
5. IPO offer documents must be made public for at least 21 days before listing.

 The Securities and Exchange Board of India (SEBI) has proposed

several changes to the SME (small and medium enterprises) IPO
process, including:
 Minimum IPO size: Increasing the minimum IPO size from ₹1
crore to ₹10 crore
 Profitability Requirement: SMEs must show a minimum
operating profit of ₹3 crore in two out of the three years prior to
filing IPO papers.
 Minimum application size: Increasing the minimum application
size from ₹1 lakh to ₹4 lakh
 Promoters' offer for sale: Limiting promoters' offers for sale to
20% of the issue size
 Compliance monitoring agency: Establishing a compliance
monitoring agency for listed SMEs
 SEBI Plans to make IPO offer documents public for at least 21 days, as opposed to the current practice of making them public closer to the IPO opening.
 An initial public offering (IPO) is when a private company sells its shares to the public for the first time on a stock exchange. The transition from private to
public ownership is also known as "going public."
 An IPO allows a company to raise capital from the market, which can be used for growth or debt repayment. It also allows early investors to profitably
sell their stakes.
 Small and medium enterprises (SMEs) in India are businesses that are categorized as small-scale industrial (SSI) or medium-scale industrial units.
 Micro Enterprises: Investment up to ₹1 crore and turnover up to ₹5 crore.
 Small Enterprises: Investment up to ₹10 crore and turnover up to ₹50 crore.
 Medium Enterprises: Investment up to ₹50 crore and turnover up to ₹250 crore.
 News Link - Sebi plans tighter IPO rules for SMEs, higher investment amount - The Economic Times

30. In November as per report SEBI has allowed mutual funds (MFs) to invest in overseas funds or unit trusts that invest a specific portion of their assets in
Indian securities.
As per guidelines at the time of making investments (both fresh and subsequent), Indian MF schemes will have to ensure that the overseas MF/UTs do not
have over __________ per cent exposure to Indian securities.
A. 20%
B. 30%
C. 25%
D. 15%
E. 50%

 SEBI has allowed mutual funds (MFs) to invest in overseas funds or unit trusts that invest a specific portion of their assets in Indian securities.
 SEBI said at the time of making investments (both fresh and subsequent), Indian MF schemes will have to ensure that the overseas MF/UTs do not have
over 25 per cent exposure to Indian securities.
 The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency, and enabling MFs to diversify their overseas
investments.
 Overseas MF should be managed by an independent fund manager who is actively involved in making all investment decisions for the fund.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 SEBI allows mutual funds to invest in foreign funds with 25% exposure to India - The Hindu BusinessLine

Other Key News November Month

31. Consider the following statement regarding UPI 123Pay. Which of the following statement is incorrect?
1. UPI 123Pay is a Suite of solutions developed for Non Smart phone, feature phone users to use the UPI without internet connectivity.
2. There are no charges for transactions under UPI 123PAY.
3. The RBI had decided to raise the single transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000.
4. RBI has suggested to all live 123Pay members to comply before January 1, 2025.
5. All of the above are correct

 UPI 123Pay is a Suite of solutions developed for Non Smart phone, feature phone users to use the UPI without internet connectivity. There are no charges
for transactions under UPI 123PAY.
 UPI 123Pay allows smart phone and feature phone users to complete a variety of transactions digitally using four methods:
 Voice payment via IVR number, Proximity sound-based payments, Missed call-based payment strategy, andApp-based scan and pay on feature phone.
 The RBI had decided to raise the single transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000.
 RBI has suggested to all live 123Pay members to comply before January 1, 2025.
 [Link]
features/115076001?utm_source=top_news&utm_medium=sectionListing

32. Recently National Payments Corporation of India (NPCI) has introduced an auto top-up feature and increased transaction limits for UPI Lite, effective
November 1, 2024, to streamline small-value digital payments.
Under these new guidelines, users can now make transactions up to Rs ___________ without entering a PIN.
The maximum wallet balance limit has also been increased from Rs 2,000 to ____________.
A. Rs 2,000, Rs 5,000
B. Rs 3,000, Rs 5,000
C. Rs 4,000, Rs 3,000
D. Rs 5,000, Rs 10,000
E. Rs 1,000, Rs 5,000

 The National Payments Corporation of India (NPCI) has introduced an auto top-up feature and increased transaction limits for UPI Lite, effective
November 1, 2024, to streamline small-value digital payments.
 Under these new guidelines, users can now make transactions up to Rs 1,000 without entering a PIN, doubled from the previous limit of Rs 500.
 The maximum wallet balance limit has also been increased from Rs 2,000 to Rs 5,000. However, the daily transaction cap is still Rs 4,000.
 The auto top-up feature automatically recharges a user's UPI Lite account when the balance falls below a predetermined threshold. Users can set their
preferred top-up amount through their UPI app, with a limit of five automatic recharges per day.
 [Link]
take-note/114933100?utm_source=category_listing&utm_medium=sectionListing

33. Consider the following statement regarding UPI Circle. Which of the following statement is incorrect?
1. UPI Circle is a delegated payment feature that allows a primary UPI user to link with trusted secondary users.
2. The secondary user can initiate transactions, and does not require primary user authentication and finalise for the payment using their UPI PIN.
3. Primary user can delegate up to 5 secondary users.
4. Maximum monthly limit of ₹15,000 per delegation and a maximum per transaction limit of ₹5,000 for full delegation is provided under upi cirlce.
5. Cooling period of 24 hours with a daily transaction limit of ₹5,000 has been prescribed under upi circle.

 National Payments Corporation of India (NPCI) has introduced a new feature called ‘UPI Circle’ on its Unified Payments Interface (UPI) platform. This
feature allows primary UPI account holders to securely delegate payment responsibilities to trusted secondary users.
 UPI Circle-Delegate Payments is a feature where a UPI user acts as a primary link with their trusted secondary users on their UPI App for either partial or
full delegation.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 The Reserve Bank of India introduced this facility during its August MPC meeting. “Delegated Payments” would allow an individual (primary user) to set a
UPI transaction limit for another individual (secondary user) on the primary user’s bank account.
 Delegated payments through UPI will help consumers in many ways. For one, it can help consumers manage payments for their dependents. For example,
a parent can pay on behalf of their children.
 The primary user authorises the secondary user to initiate and complete transactions within predefined spending limits, without requiring further
approval.
 The secondary user can initiate transactions, but the primary user must authenticate and finalise the payment using their UPI PIN.
 UPI apps shall ensure app passcode/biometrics (finger/face) is mandatory for all secondary users.
 A primary user can delegate up to 5 secondary users and a secondary user can accept delegation from only one primary user. Members shall ensure that
the primary authorises the secondary user on either full or partial delegation.
 Members shall ensure limited control is available for the primary to set usage controls over their secondary users. For full delegation, members shall
ensure a maximum monthly limit of ~15,000 per delegation and a maximum per transaction limit of ~5000.
 Existing UPI limits shall be applicable in case of partial delegation. Members shall ensure that during the cooling period - first 24 hours, a daily
transaction limit of ~5000 shall be prescribed after successful linking of primary and secondary users for both full and partial delegation.
 [Link]
circle/115164929?utm_source=top_news&utm_medium=sectionListing

34. Recently as per report finance ministry has proposed amending various provisions of the Insurance Act of 1938, including raising foreign direct investment
(FDI) in the insurance sector to 100 per cent, reducing paid-up capital, and providing for composite licences.
As per the proposal, the FDI limit in Indian insurance companies will be raised from 74 per cent to 100 per cent.
The government has invited comments on the proposed amendments to the ____________.
1. General Insurance Business (Nationalisation) Act, 1972
2. Insurance Act, 1912
3. Life Insurance Corporation Act, 1956
4. Insurance Act, 1938
5. Insurance Regulatory and Development Authority Act, 1999

Select the correct source code:

A. Only 1,4 and 5
B. Only 1,3 and 5
C. Only 2 and 5
D. Only 3,4 and 5
E. All of the above

 The Union Finance Ministry released a consultation paper proposing to raise the Foreign Direct Investment (FDI) limit in the insurance sector from 74 per
cent to 100 per cent.
 The government has invited comments on the proposed amendments to the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and Insurance
Regulatory and Development Authority Act, 1999.
 The FDI limit in the insurance sector was previously increased from 49 per cent to 74 per cent in February 2021.
 The proposal further mentioned that the requirement of Net Owned Funds for foreign reinsurers is also proposed to be reduced from Rs 5,000 crore to Rs
1,000 crore.
 Additionally, IRDAI is being empowered to specify lower entry capital (not less than Rs 50 crore) for underserved or unserved segments on a special-case
basis.
 According to the IRDAI Chairman, the insurance sector needs to infuse approximately ₹50,000 crore annually to double insurance penetration in the
country.
 Insurance penetration refers to the ratio of insurance premiums written in a particular year to the gross domestic product (GDP).
 As per the Economic Survey 2023-24, overall insurance penetration in the country moderated slightly to 4 per cent in FY23, from 4.2 per cent in FY22.
 During the same period, insurance penetration in the life insurance segment declined from 3.2 per cent in FY22 to 3 per cent in FY23, while it remained
flat at 1 per cent for the non-life insurance segment.
 At present, there are 26 life insurance companies, including the state-run Life Insurance Corporation of India (LIC), and 27 general insurers, 7 health
insurers in the country.
 Insurance sector regulator Insurance Regulatory and Development Authority (IRDAI) has committed to achieving "Insurance for All" by 2047.
 Union govt proposes increase in FDI limit in insurance sector to 100% | Business News - The Indian Express India plans to raise FDI limit to 100% in insurance,
amend key provisions of 1938 Act - The Hindu BusinessLine Govt proposes to raise FDI limit in insurance sector to 100%, seeks public comments - The
Economic Times

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

35. In November as per report Microfinance Industry Network (MFIN), a Reserve Bank of India (RBI) recognised self-
regulatory organisation (SRO), has further tightened loan underwriting standards as stress in the micro loan sector
rises.
The SRO has said that any micro loan customer can take loans from only ____________ MFIs now as against four
MFIs earlier.
The total indebtedness or outstanding loan amount of a microfinance client to be ________.
A. 5, ₹1 lakh
B. 3, ₹2 lakh
C. 2, ₹5 lakh
D. 7, ₹1 lakh
E. 9, ₹5 lakh

 The Microfinance Industry Network (MFIN), a Reserve Bank of India (RBI) recognised self-regulatory organisation
(SRO), has further tightened loan underwriting standards as stress in the micro loan sector rises.
 The SRO has said that any micro loan customer can take loans from only three MFIs now as against four MFIs
earlier.
 The total indebtedness or outstanding loan amount of a microfinance client to be ₹2 lakh. However, it will include
both microfinance loans and unsecured retail loans.
 According to the existing industry norm, MFIs cannot lend to non-performing asset (NPA) borrower who has taken
a loan of over ₹3,000 and not repaid dues for over 90 days.
 MFIN has now further tightened the guideline, saying borrowers whose repayment are
overdue for over 60 days will not be extended a fresh loan.
 The SRO body also said that MFI loans interest rates must be closely reviewed by the board
of member organisations to ensure that efficiency gains are passed on to clients.
 MFIN further tightens underwriting norms as sector stress rises - The Hindu BusinessLine

36. Recently as per report Ministry of Statistics and Programme Implementation (MoSPI) plans to
release a new series for both the Gross Domestic Product (GDP) and Consumer Price Inflation
(CPI) index by February 2026.
The revised series will include an updated base year, with the GDP calculations expected to
shift from the current 2011-12 base year to 2022-23.
Who is the head of the 26-member Advisory Committee on National Accounts Statistics
(ACNAS), to complete the exercise by early 2026?
A. Sourabh Mishra
B. Ajay Mathur
C. Vishwajeet Verma
D. Biswanath Goldar
E. Rajiv Joshi

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 The Ministry of Statistics and Programme Implementation (MoSPI) plans to release a new series for both the Gross Domestic Product (GDP) and Consumer
Price Inflation (CPI) index by February 2026.
 The revised series will include an updated base year, with the GDP calculations expected to shift from the current 2011-12 base year to 2022-23.
 A similar base year revision from 2012 to 2024 is anticipated for the CPI index.
 The 26-member Advisory Committee on National Accounts Statistics (ACNAS), which was constituted under Biswanath Goldar’s chairmanship, is expected
to complete the exercise by early 2026.
 The present base year, 2011-12, does not adequately capture the significant transformations in India’s economy over the past decade.
 Meanwhile, MOSPI will also, from January 2025, produce monthly estimates of the Periodic Labour Force Survey (PLFS).
 India to shift GDP and CPI base years to reflect economic changes by early 2026 - The Hindu BusinessLine

37. Recently as per government report India’s growth in the July-September quarter (Q2 of FY25) slowed to __________ per cent, down sharply from 8.1 per
cent in the same period last year and 6.7 per cent in the April-June quarter (Q1 FY25).
A. 6.2%
B. 7.1%
C. 4.3%
D. 5.4%
E. 6.9%

 India’s Gross Domestic Product (GDP) grew by 5.4% in the

July-September 2024 quarter, down from 6.7% in the
previous quarter. This is below the 6.5% projected by
analysts.
 It is the the lowest level since Q3FY23.
 According to the NSO, gross value added (GVA), a critical
indicator of economic activity was at 5.6 per cent in Q2,
down from 6.8 per cent in the preceding quarter.
 Manufacturing, which accounts for over 17 per cent of the
total Gross Value Added (GVA) output, grew by just 2.2 per
cent in July-September as against 7 per cent growth in April-
June.
 The Reserve Bank of India (RBI) has projected a much higher
GDP growth rate of 7.2 per cent for 2024-25 and 7.1 per cent
for FY26.
 Among the primary sectors, agriculture grew 3.5 per cent in
July-September as against 2 per cent in the previous quarter.
 Construction sector recorded a “high single digit” growth of
7.7 per cent in Q2. It had grown at a much higher rate of
10.5 per cent in Q1.
 Services sector grew slower than expected at 7.1 per cent in Q2 as against 7.2 per cent in Q1.
 The combined debt-to-GDP ratio of India stands at 83.1 per cent in 2024; it was hovering around 69 per cent until 2018.
 GDP growth hits 7-quarter low of 5.4% in Q2 as manufacturing slows - The Hindu BusinessLine

38. In November as per report Ministry of Statistics and Programme Implementation (MoSPI) has changed the release time of retail inflation (CPI) and factory
output (IIP) data from 5:30 pm to 4 pm on the __________ of each month.
A. 15th
B. 10th
C. 30th
D. 20th
E. 12th

 The Ministry of Statistics and Programme Implementation (MoSPI) has changed the release time of retail inflation (CPI) and factory output (IIP) data from
5:30 pm to 4 pm on the 12th of each month.
 This adjustment aims to give more time for data analysis on the release day and aligns with the closing hours of India’s major financial markets.

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram
 Weekly Optimum Current Q & A PDF – Based On Recent Exam Trends All RBI News SEBI News NPCI News in November, 2024

 CPI is a metric that measures retail inflation by collecting data on the prices of goods and services that are
consumed by the retail population of the country.
 The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation releases CPI.
 Currently, CPI is calculated using 2012 as a base year.
 The IIP number measures the industrial production for the period under review, usually a month, as against
the reference period.
 Press Release:Press Information Bureau
 The Ministry of Statistics and Programme Implementation (MoSPI) has advanced the release of
macroeconomic data Gross Domestic Product (GDP) estimates by about 90 mins to 4pm.
 As per the current practice, the press releases of GDP are scheduled at 5.30 pm on the specified release
dates.
 The new release time aligns with the closing hours of major financial markets in India, ensuring that GDP
data dissemination does not interfere with active trading.
 The next press release of GDP estimates for the second quarter (July–September) of financial year 2024-25
will thus be available on November 29, 2024, at 4 pm on the website of Press Information Bureau and
Ministry's official website ([Link]
 The National Statistical Office (NSO), MoSPI releases annual and quarterly estimates of GDP in accordance
with the pre-specified releases/publication schedule laid down in advance release calendar of various
macroeconomic indicators.
 Press Release: Press Information Bureau

39. Recently as per finance ministry public sector banks (PSBs) have shown robust performance in the first half of
the current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-
performing assets (NPAs).
The aggregate business of 12 public sector banks (PSBs), including State Bank of India and Punjab National
Bank, stood at __________ lakh crore during the April-September period, registering an 11 per cent year-on-
year (YoY) growth.
A. Rs 254.04 lakh crore
B. Rs 196.04 lakh crore
C. Rs 210.04 lakh crore
D. Rs 224.04 lakh crore
E. Rs 236.04 lakh crore

 The finance ministry said public sector banks (PSBs) have shown robust performance in the first half of the
current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-performing
assets (NPAs).
 The aggregate business of 12 public sector banks (PSBs), including State Bank of India and Punjab National
Bank, stood at Rs 236.04 lakh crore during the April-September period, registering an 11 per cent year-on-
year (YoY) growth.
 During the first six months of FY25, credit and deposit portfolio grew 12.9 per cent and 9.5
per cent YoY, and stood at Rs 102.29 lakh crore and Rs 133.75 lakh crore, respectively.
 The operating and net profit during the period was Rs 1,50,023 crore (14.4 per cent YoY
growth) and Rs 85,520 crore (25.6 per cent YoY growth).
 The gross and net NPA stood at 3.12 per cent and 0.63 per cent, respectively, in September
2024, declining 108 bps and 34 bps YoY).
 As on now, there are 12 public sector banks and these include State Bank of India, Punjab
National Bank, Bank of Baroda, Canara Bank, Indian Bank, Indian Overseas Bank, Bank of
India, Union Bank, UCO Bank, Central Bank, Bank of Maharashtra and Punjab & Sind Bank.
 Press Release: Press Information BureauPSBs show robust performance in H1, business
grows 11 pc: FinMin - The Economic Times

Click Here For Ultimate Bundle PDF Course 2022| Click Here to Subscribe Our Yearly Mock Test Package Follow Us- Telegram. Facebook , Twitter ,Instagram