Current Affairs and Economic Policies - April 2025

A set of flashcards covering current affairs and economic policies relevant for the April 2025 exam preparation.

What was the percentage increase in credit card defaults in CY 2024 according to RBI data?

28% increase to Rs. 6,742 crore.

What scheme did Bank of Baroda launch with up to 7.75% interest?

Square Drive FD Scheme.

What is the primary objective of the One State - One RRB policy?

To consolidate Regional Rural Banks for better operational efficiency.

When will the One State—One RRB policy take effect?

May 1, 2025.

Which two states are involved in the consolidation of RRBs according to the new policy?

Andhra Pradesh and Uttar Pradesh.

What is the authorized capital of an RRB as per the Regional Rural Banks (Amendment) Bill 2015?

Rs. 2,000 crore.

Who was the first Regional Rural Bank of India?

Prathama Bank.

What category of loans does the Pradhan Mantri Mudra Yojana provide?

Collateral-free loans up to Rs. 20 lakh.

What is the maximum loan amount under the Tarun Plus category of Mudra Loans?

Up to Rs. 20 lakh.

Which bank launched an In-App Authentication feature to combat digital fraud?

Axis Bank.

What significant facility will be established in Andhra Pradesh by 2026?

A new naval base for Nuclear Submarines and Warships.

What initiative aims to address skill gaps in the workforce in India?

India Skills Accelerator initiative.

Which financial instrument did SEBI suggest to enhance investor protection?

Use of the 1600 phone number series for service calls.

When is World Homoeopathy Day observed?

April 10 every year.

What initiative did the Union Cabinet approve for the Pradhan Mantri Krishi Sinchayee Yojana?

Modernisation of Command Area Development and Water Management sub-scheme.

Which country will host the 2035 Women's World Cup?

United Kingdom.

What is the name of the platform launched by RBI for regulatory applications?

PRAVAAH.

Which bank became India’s first unicorn of 2025?

Juspay.

What is the focus of the Electronics Component Manufacturing Scheme?

To strengthen India's electronics supply chain.

How much funding has been allocated for the Electronics Component Manufacturing Scheme?

Rs. 22,919 crore.

What type of chip will the Semiconductor plant in Chhattisgarh produce?

Gallium Nitride (GaN) Chips.

Who signed the contract for the H130 helicopter's fuselage assembly manufacturing?

Mahindra Aerostructures Private Ltd.

What new benefit does the Unified Pension Scheme (UPS) for government employees provide?

An assured pension equivalent to 50% of average basic pay.

What is the assured minimum pension under the Unified Pension Scheme?

Rs. 10,000 per month.

Who is the Governor of RBI as of April 2025?

Mr. Sanjay Malhotra.

What organization recognized the Reserve Bank of India for innovation?

Global Finance.

Which Indian airline became the world's most valuable airline with a $23 billion market capitalization?

IndiGo.

What is the theme of the International Day of Sport for Development and Peace 2025?

Levelling the Playing Field: Sport for Social Inclusion.

Which ministry launched the Digital Threat Report 2024?

Ministry of Electronics and Information Technology.

What significant infrastructure funding agreement was signed to accelerate sustainable development in India?

MoU between New Development Bank and National Bank for Financing Infrastructure and Development.

What penalty did SEBI impose on CDSL for technical glitches?

Rs. 3 crore financial disincentive.

Which scheme aims to provide financial assistance to small and micro entrepreneurs?

Pradhan Mantri Mudra Yojana.

What does PaRRVA stand for?

Past Risk and Return Verification Agency.

Which Indian bank launched the Elite Plus Savings Account?

Bandhan Bank.

What is the annual growth target for NTPC's capacity addition revised to for FY 2031-32?

30 GW.

What is the main focus of the India Skills Accelerator initiative?

Addressing skill gaps in the workforce.

When did Pradhan Mantri Mudra Yojana launch?

April 8, 2015.

What will be the maximum employment generated by Electronics Component Manufacturing Scheme?

91,600 persons.

What was the target set by the International Day of Sport for Development and Peace?

To recognize the power of sport in fostering positive change.

Which bank's MD & CEO is Amitabh Chaudhry?

Axis Bank.

What renewable energy project is powered by the joint venture of BPCL and Sembcorp Industries?

Green hydrogen production projects across India.

How many national teams will participate in the 2035 Women’s World Cup?

48 teams.

What does the Pradhan Mantri Mudra Yojana focus on?

Fostering financial inclusion.

Which area will benefit from the new naval base in Andhra Pradesh?

Maritime defense capabilities.

What was the objective of SEBI's new operational framework for PaRRVA?

To enhance transparency and accountability in financial markets.

What financial mechanism helps investors verify risk and return metrics of products?

PaRRVA.

Which initiative supports skill development and employment alignment with industry needs?

India Skills Accelerator.

What program recognises contributions of homoeopathy every year?

World Homoeopathy Day.

What framework did SEBI issue to improve the securities market?

Operational framework for PaRRVA.

How much has the RBI increased its contribution under the Unified Pension Scheme?

From 14% to 18.5%.

Which company signed a definitive agreement to acquire Ecom Express Limited?

Delhivery.

What is the focus of the Digital Threat Report 2024?

Cybersecurity in the BFSI sector.

What funding amount did SEBI direct entities to use for service calls?

1600 phone number series.

Who is the President of the Asian Development Bank?

Mr. Masato Kanda.

What initiative is aimed at ensuring the integrity of the securities market?

SEBI’s continuous efforts for PaRRVA.

What is the main theme of World Parkinson’s Day?

Awareness about Parkinson’s Disease.

What major agreement did SEBI update concerning service calls?

Use of the 1600 phone number series.

What is the partnership between MeitY and which organization related to manufacturing?

World Economic Forum.

Which key managerial role is held by Debasish Panda?

Chairman of IRDAI.

At what event will India's largest Homoeopathic symposium be hosted in 2025?

World Homoeopathy Day symposium in Gandhinagar, Gujarat.

What is the benefit of inflation indexation in the UPS for government employees?

Linking dearness relief to AICPI-IW.

What is the main aim of the Modernisation of Command Area Development sub-scheme?

Enhance agricultural productivity.

Which initiative aims for clean energy and infrastructure projects in India?

MoU between NDB and NaBFID.