Business, Economy & Banking
Which institution has operationalized the Urban Infrastructure Development Fund (UIDF)?
  • Rs 5000 crore
  • Rs 10000 crore
  • Rs 15000 crore
  • Rs 20000 crore
Explanation:

The National Housing Bank (NHB) has launched the Urban Infrastructure Development Fund (UIDF) with an initial corpus of Rs 10,000 crore. Announced in this year's Budget, the UIDF aims to enhance urban infrastructure in tier-2 and tier-3 cities, providing stable financing to support state governments' efforts in these areas.

‘Secondary Towns Development Sector Project’ is associated with which state/UT?
  • Rajasthan
  • Gujarat
  • Manipur
  • Karnataka
Explanation: The 'Secondary Towns Development Sector Project' is associated with [A] Rajasthan. The recent agreement with the Asian Development Bank (ADB) involves a USD 200 million loan to enhance water supply, sanitation, urban resilience, and heritage preservation in secondary towns in Rajasthan.
As per a recent RBI study, which state topped the list of states that attracted investment funds from banks and financial institutions in 2022-23?
  • Karnataka
  • Uttar Pradesh
  • Andhra Pradesh
  • Odisha
Explanation: In 2022-23, Uttar Pradesh led in attracting investment funds from banks and financial institutions, accounting for 16.2% of the total project cost sanctioned. This was followed by Gujarat, Odisha, Maharashtra, and Karnataka.
What is India’s Gross Domestic Product (GDP) percent in the April-June quarter of the current fiscal (2023-2024)?
  • 5.8 per cent
  • 6.8 per cent
  • 7.8 per cent
  • 8.8 per cent
Explanation: The data indicates that India’s GDP growth for FY 2023-24 has risen to 8.2%, with the GDP growth for the April-June quarter (Q1) moderating to 7.8%. This shows a robust overall growth rate for the fiscal year, with a slight moderation in the initial quarter.
Which bank launched the ‘Nation First Transit Card’ to facilitate seamless customer commuting experience?
  • State Bank of India
  • Punjab National Bank
  • Canara Bank
  • Axis Bank
Explanation: The State Bank of India (SBI) launched the 'Nation First Transit Card' to facilitate seamless and convenient digital fare payments for customers.
Which company has been roped in as the title sponsor for MotoGP Bharat?
  • Byjus
  • Indian Oil
  • Sahara
  • India Cements
Explanation: IndianOil is the title sponsor for MotoGP Bharat, which will be held at the Buddh International Circuit in Greater Noida from September 22 to 24. The event is organized by Fairstreet Sports.
Which organisation released guidelines on ‘Bima Vahaks’?
  • RBI
    • Explanation: The Insurance Regulatory and Development Authority of India (IRDAI) introduced the 'Bima Vahak' guidelines to enhance insurance inclusion through a women-centric distribution channel. These guidelines, effective from the launch of Bima Vistaar, aim to deploy Bima Vahaks in every gram panchayat by December 31, 2024, to boost insurance awareness and accessibility.