eco

Question 1

The Reserve Bank of India (RBI) has recently issued updated guidelines specifically
targeting

Answer 1

Asset Reconstruction Companies (ARCs)

Question 2

The new guidelines mark a substantial increase in the minimum capital required for
ARCs from

Answer 2

m Rs 100 crore to Rs 300 crore.

Question 3

ARCs are crucial entities empowered by the SARFAESI Act to manage and
resolve distressed assets. They help in the recovery process by purchasing non-performing assets from
financial institutions under which act

Answer 3

Role under SARFAESI Act, 2002

Question 4

ARCs charge a management fee,
typically ranging

Answer 4

1.5% to 2% of the asset value annually

Question 5

Reserve Bank of India (RBI)
Established Date

Answer 5

April 1, 1935.

Question 6

Permanent Location

Answer 6

mumbai

Question 7

Appointment of rbi

Answer 7

Directors
appointed by the Government of
India as per the Reserve Bank of
India Act

Question 8

Term

Answer 8

Directors serve a term of
four years

Question 9

Current Governor of rbi

Answer 9

: Shri Shaktikanta Das

Question 10

How many members are there in the Monetary Policy
Committee (MPC) established under Section 45ZB of the
amended RBI Act, 1934?

Answer 10

6

Question 11

What has been established by banks to aggregate and
consolidate stressed assets for subsequent resolution?

Answer 11

National Asset Reconstruction Company Limited

Question 12

UN Secretary-General

Answer 12

António
Guterres

Question 13

Which ministry is responsible for overseeing the Centre
of Excellence for Critical Minerals (CECM)?

Answer 13

Ministry of Mines

Question 14

Which element is crucial in the production of
permanent magnets for motors?

Answer 14

Neodymium

Question 15

What global commitment made at COP28 is directly
linked to a significant increase in the supply of critical
minerals?

Answer 15

Tripling renewable energy capacity

Question 16

Which material is crucial for the anodes of lithium-ion
batteries and also valued for its lubricating properties?

Answer 16

graphite

Question 17

Which international organization was created under the
Treaty of Versailles in 1919

Answer 17

The International Labour Organization (ILO)
was created in 1919

Question 18

released the Regional Economic Outlook for Asia and Pacific in April 2024

Answer 18

IMF

Question 19

Economic Growth in Asia-Pacific
The region’s growth exceeded expectations in late 2023,
reachin

Answer 19

5.0%

Question 20

Growth is expected to slow slightly — in 2024

Answer 20

to 4.5% in 2024

Question 21

The IMF raised India’s growth forecast for 2024-25 from

Answer 21

to 6.8%,
up from 6.5%

Question 22

The growth forecast for 2025-26 remains steady at

Answer 22

6.5%

Question 23

China’s economy is projected to grow at— in 2024

Answer 23

4.6% in 2024, down
from 5.2% in 2023, and 4.1% in 2025.

Question 24

Essential for economic growth, requiring an estimated

Answer 24

USD 4.5 trillion by 2030

Question 25

when was imf establised

Answer 25

Established during the Bretton Woods Conference in July 1944

Question 26

How is Core Inflation calculated

Answer 26

Core Inflation = Headline Inflation / Food and Fuel Items

Question 27

When did India join the International Monetary Fund as a founding member

Answer 27

dec 1945

Question 28

What are CCUS technologies primarily designed to do?

Answer 28

Capture and utilize or store carbon dioxide

Question 29

The United Nations has released a new report indicating that ------ are required if the 17 Sustainable Development Goals (SDGs), agreed upon by all UN member states in 2015, are to be achieved by 2030

Answer 29

trillions of dollars

Question 30

What is India's rank in the United Nations SDG Index and Dashboards Report 2023?

Answer 30

112th

Question 31

In which year was the Bretton Woods Conference, which set up the international financial system, held

Answer 31

1944

Question 32

Under which treaty was the League of Nations established?

Answer 32

Treaty of Versailles

Question 33

The 5th United Nations Conference on the Least Developed Countries (LDC5) concluded with the adoption of which declaration by world leaders

Answer 33

Doha Political Declaration