SBI Clerk Mains Memory Based Paper (Held On: 25 Feb 2024 Shift 1) - Italian MCQ

The correct answer is 68%.

In News

• UN released a population of India report.

Key Points

• The UNFPA’s ‘The State of World Population Report, 2023’, titled ‘8 Billion Lives, Infinite Possibilities: The Case for Rights and Choices’ released India’s population is projected to be 1,428.6 billion while that of China’s 1,425.7 billion, a difference of 2.9 million.
• The latest figures were given under the category of ‘Demographic Indicators’ in the report.
• It was the first time that India’s population would overtake China’s since 1950 when the UN began to collect and release population data.
• The UNFPA report states that 25% of India’s population is in the age group of 0-14, 18% in 10-19, 26% in 10-24, 68% in 15-64, and 7% above 65.
• The corresponding figures for China are 17%, 12%, 18%, 69%, and 14%, which means the country has nearly 200 million above the age of 65.

Additional Information

• United Nations
  • It is an International organization whose stated purposes are to maintain international peace and security, develop friendly relations among nations, and achieve international cooperation.
  • Established in - 1945
  • HQ - New York City
  • President - Dennis Francis

The correct answer is Special Additional Excise Duty.

In News

• Government slashes windfall tax on crude petroleum.

Key Points

• The government has cut the windfall tax on domestically-produced crude oil to ₹1,700 per tonne from ₹2,300 per tonne with effect from January 16 2024.
• The tax is levied in the form of a Special Additional Excise Duty (SAED). According to an official notification, SAED on the export of diesel, petrol and jet fuel or ATF has been retained at nil.
• India first imposed windfall profit taxes on July 1, 2022, joining a growing number of nations that tax supernormal profits of energy companies.
• The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks.

Additional Information

• Windfall tax​
  • ​A windfall tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry.
  • Windfall taxes are designed to tax the profits a company derives from an external, sometimes unprecedented event for instance, the energy price rise as a result of the Russia-Ukraine conflict.

The correct answer is All of the above.

In News

• The presence of Indian banks via subsidiaries increased to 417 in FY23

Key Points

• Indian banks increased their overseas presence through the subsidiaries route to 417 during 2022-23, from 399 at the end of the preceding fiscal, as per Reserve Bank data.
• Their employee strength, too, rose 0.5 percent and 6.2 percent for foreign branches and subsidiaries, respectively, during 2022-23, the Reserve Bank of India (RBI) survey on International Trade in Banking Services 2022-23 showed.
• The survey covers 14 Indian banks having overseas branches or subsidiaries and 44 foreign banks having branches or subsidiaries in India.
• On the other hand, the number of branches and employees of foreign banks in India contracted during 2022-23 to 774 from 858 in 2021-22.
• The bank has a commercial presence in the territory of the service-importing country and the service is delivered therein.
• The commercial presence can be through various investment vehicles like representative offices, branches, subsidiaries, associates and correspondents.

Additional Information

• Reserve Bank of India
  • Established in 1935
  • HQ - Mumbai
  • Governor - ShaktiKanta Das

The correct answer is 5 crore.

In News

• MOSPI launches new eSakshi app to track MPLADS process.

Key Points

• The Ministry of Statistics and Programme Implementation launched a new app to track the fund flow under the Member of Parliament Local Area Development Scheme-2023.
• The new eSakshi app will provide an interface to capture the “entire MPLAD scheme cycle, providing convenience and accessibility like never before.
• The annual MPLADS fund entitlement per Member of Parliament (MP) constituency is Rs.5 crore, released in two instalments of Rs.2.5 crore each, subject to the fulfilment of conditions as per the MPLADS Guidelines.
• The Ministry will release MPLADS funds at the rate of Rs. 2 crore per Member of Parliament for the remaining period of FY 2021-22 in one instalment and the rate of Rs. 5.00 crore per annum per Member of Parliament during FY 2022-23 to FY 2025-26 in two instalments of Rs.2.5 crore each.
• Since the inception of the Scheme, a total of 19,86,206 works/projects have been completed with the financial implication of Rs. 54171.09 crore.

Additional Information

• MPLADS
  • The MPLADS is a Central Sector Scheme fully funded by the Government of India.
  • The objective of the scheme is to enable MPs to recommend works of a developmental nature with emphasis on the creation of durable community assets in the areas of drinking water, primary education, public health, sanitation and roads, etc. primarily in their Constituencies.

The correct answer is New Delhi.

In News

• Regional Rural Banks

Key Points

• RRBs are sponsored by Public Sector Banks (PSBs).
• There are currently 43 RRBs supported by 12 public sector banks with 21,856 branches across 26 states and 3 Union Territories - Puducherry, Jammu Kashmir, and Ladakh.
• Each RRB is operated within a certain limit only.
• RRBs provide 75% of their total credit as Priority Sector Lending to fulfill the criterion applicable to commercial banks.

Additional Information

• Jammu & Kashmir
  • J&K Grameen Bank
• Ladakh
  • Ellaquai Dehati Bank
• Puducherry
  • Puduvai Bharathiar Grama Bank

The correct answer is Local Area Bank - 3.

In News

• No of Banks

Key Points

• Banks are financial institutions that perform deposit and lending functions.
• There are various types of banks in India and each is responsible for performing different functions.
• The Reserve Bank of India is the central bank of our country. Each country has a central bank that regulates all the other banks in that particular country.
• In India, there are currently 12 PSBs including the State Bank of India (SBI), Bank of Baroda, etc, 21 private sector banks like Axis, and ICICI, 12 Small Finance Banks, 6 Payment Banks,  43 Regional Rural Banks, and 45 Foreign Banks. 
• Local Area Bank - 2

The correct answer is 30.

Key Points

• As per the RBI's guidelines on Responsible Lending Conduct, the Regulated Entities (REs) shall release all the original movable/immovable property documents and remove charges registered with any registry within a period of 30 days after full repayment/ settlement of the loan account.
  • The borrower shall be given the option of collecting the original movable/immovable property documents either from the banking outlet/branch where the loan account was serviced or any other office of the RE where the documents are available, as per her / his preference.
  • In case of delay in releasing of original movable/immovable property documents or failure to file charge satisfaction form with the relevant registry beyond 30 days after full repayment/ settlement of the loan, the RE shall communicate to the borrower the reasons for such delay.
  • In the case where the delay is attributable to the RE, it shall compensate the borrower at the rate of ₹5,000/- for each day of delay.

The correct answer is All A, B, and C.

In News

• State Bank of India raises Rs 3,101 crore through AT1 bond at 8.1%.

Key Points

• The country’s largest lender, State Bank of India (SBI), has raised Rs 3,101 crore capital via additional tier I bonds (AT1) at a coupon of 8.1 percent. 
• This is 15 basis points lower than the pricing for its previous AT1 bond issued at 8.25 percent in March.
• The base issue size for AT1 bonds was Rs 3,000 crore, with a green shoe of Rs 7,000 crore. Rating agency CRISIL has assigned an "AA+" rating to AT1 bonds (Under Basel III regulations).
• Out of the total Rs 50,000 crore bond issuance plan for FY24, Rs 20,000 crore will be from AT1 bonds, including this week’s proposed offering. It also has plans to issue tier-II bonds worth Rs 10,000 crore and the balance would be through infrastructure bonds in 2023-24.

Additional Information

• State Bank of India
  • ​Founded in - 1955
  • HQ - Mumbai
  • Chairman - Dinesh Kumar Khara​

The correct answer is 11 lakh crore.

In News

• The total corpus under pension funds crosses Rs 11 trillion.

Key Points

• The Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty announced the total corpus under the National Pension System and Atal Pension Yojana has crossed Rs 11 lakh crore.
• The milestone of Rs 11 lakh crore asset under management (AUM) was achieved on January 10, 2024.
• The AUM has increased from Rs 10 lakh crore to Rs 11 lakh crore in 4 months and 18 days (August 24, 2023 to January 10, 2024).
• The authority in September revised the AUM target of Rs 12 lakh crore for the current fiscal.
• The pension authority is working on a minimum assured pension plan, and it could become a reality in the next financial year if the guarantee issued is resolved.
• The pension fund regulatory body was considering raising the current return of Rs 1,000-5,000 to Rs 2,500-7,500.

Additional Information

• PFRDA
  • It is the regulatory body for the overall supervision and regulation of pensions in India.
  • It operates under the jurisdiction of the Ministry of Finance in the Government of India.
  • Established in 2003

The correct answer is 5 years.

In News

• Govt reconstitutes the central board of trustees of EPFO

Key Points

• In a revamp of the retirement fund body Employees’ Provident Fund Organisation (EPFO), the government has reconstituted the body’s Central Board of Trustees (CBT) after the completion of its five-year term.
• The CBT, EPFO is a tripartite, statutory body constituted by the central government under the provisions of section 5A of the Employees’ Provident Funds and Miscellaneous Provisions Act,1952, and has representatives of employees, employers, and government.
• The tenure of the Board is five years.
• In 2017, the clause was inserted in Section 5 of the EPF Scheme, 1952, under which “an outgoing trustee or member shall be eligible for re-appointment as member of the central board or the regional committee, as the case may be, for a maximum of not more than two terms”. 

Additional Information

• EPFO
  • ​Established in - 1952
  • HQ - New Delhi
  • Commissioner - Neelam Shami Rao

The correct answer is CCIL.

In News

• Securities and Exchange Board of India

Key Points

• Securities and Exchange Board of India is an autonomous organization that works under the overall administrative supervision of the Union Finance Ministry and is accountable to the Parliament. 
• The Securities and Exchange Board of India owned by the Government of India was established on 12th April 1992 under the Securities and Exchange Board of India Act, 1992 to protect the interests of the investors in securities along with promoting and regulating the securities market.
• It is empowered to frame rules, regulations, guidelines direction, etc. in respect of both primary and secondary securities markets. 
• The Securities and Exchange Board of India (SEBI) regulates several entities, including:
  • Merchant Bankers
  • NSDL
  • CRISIL
  • Stockbrokers
  • Bankers to issues
  • Debenture trustees
  • Portfolio managers
• CCIL is regulated by the RBI.

Additional Information

• SEBI
  • Established in 1988
  • HQ - Mumbai
  • Chairman - Madhabi Puri Buch

The correct answer is ₹1 lakh.

In News

• Ministry of Education issues guidelines for coaching centres; prohibits intake of students below 16 years.

In News

• Coaching institutes across India have welcomed the latest guidelines issued by the Ministry of Education to regulate private coaching centres. 
• The Centre has also suggested that coaching centres be penalised up to Rs 1 lakh or their registration be cancelled for charging exorbitant fees that cause undue stress, leading students to commit suicide, or for other malpractices.
• To ensure proper monitoring of the coaching institutes, the government has proposed registration of new and existing centres within three months of the guidelines coming into effect.
• Certain regulations may pose challenges for both coaching centres and students.
• The state government will be responsible for monitoring the activities of the coaching centre and scrutinising the registration eligibility and activities of the coaching centre.

Additional Information

• Ministry of Education
  • It is a ministry of the Government of India, responsible for the implementation of the National Policy on Education.
  • Current Minister - Dharmendra Pradhan

The correct answer is Both Zepto and InCred Finance.

In News

• Only two unicorn companies were created in 2023 compared to 21 in 2022.

Key Points

• Out of the total number of unicorns, 46 unicorns with a total valuation of $ 102.30 Bn were born in 2021 and 22 unicorns with a total valuation of $ 29.20 Bn were born in 2022.
• Mumbai-based InCred Holdings, the holding company of InCred Financial Services, has raised Rs 500 crore in its latest round of Series D funding.
• The latest funding round values the company at nearly $1.05 billion.
• InCred Finance is the second to become a unicorn this year, following Zepto's entry into the $1-billion club in August.
• InCred Finance plans to deploy the capital across business verticals such as consumer loans, student loans, and MSME lending. 
• In 2023, Zepto became India's first unicorn after raising $200 million in a Series E round of funding.

Additional Information

• Zepto 
  • It is an online grocery company offering doorstep grocery delivery.
  • HQ - Mumbai
• InCred Finance
  • It is a leading non-banking financial company (NBFC) in India and is dedicated to providing innovative and customer-centric financial solutions.
• Krutrim
  • Krutrim is the AI startup founded by serial entrepreneur Bhavish Aggarwal

The correct answer is four.

Key Points

• The Central Board of Directors of the Reserve Bank of India is appointed for a term of four years.
• The overall direction of the RBI lies with the 21-member central board of directors, composed of:
  • The governor,
  • Four deputy governors,
  • Two finance ministry representatives,
  • Ten government-nominated directors,
  • Four directors who represent local boards for Mumbai, Kolkata, Chennai, and Delhi.
• The Government of India appoints the directors for a four-year term.
• The Central Board of Directors of the RBI recommended aligning the accounting year of RBI with the financial year of the government (April-March), from 2020-21.
• The Reserve Bank's affairs are governed by a central board of directors. 
• The board is appointed by the Government of India in keeping with the Reserve Bank of India Act.​

Additional Information

• RBI (Reserve Bank of India):
  • The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
  • This central banking institution was established based on the suggestions of the “Royal Commission on Indian Currency & Finance” in 1926.
  • The Reserve Bank of India (RBI) is India's central bank and regulatory body.
  • It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system.
  • It also manages the country's main payment systems and works to promote its economic development.
  • Governor: Shaktikanta Das
  • Headquarters: Mumbai, Maharashtra

The correct answer is HSBC Holdings plc.

In News

• HSBC ranked first for India offshore loans in 2023 helped by Reliance deals.

Key Points

• HSBC Holdings Plc ranked first among arrangers for Indian offshore loans last year, toppling Japanese lenders from the top spot they’d held since 2020.   
• Data compiled by Bloomberg show the British bank was the bookrunner on roughly $4 billion of US-currency transactions in 2023.
• Borrowing by billionaire Mukesh Ambani’s Reliance Group contributed to HSBC’s business. Reliance took out a total of $6.4 billion last year via multiple banks.
• As one of the world’s fastest-growing major economies with an urgent need for infrastructure spending, India attracted international debt investors. 
• HSBC won business from state-backed banks, including a $1 billion term loan facility from the State Bank of India.
• HSBC Holdings plc
  • ​It is a multinational financial services holding company.

Additional Information

• Muthoot Finance
  • It is an Indian financial corporation and the largest gold loan NBFC in the country.
  • HQ - Kochi, Kerala
• Bajaj Finance
  • It is an Indian non-banking financial company.
  • HQ - Pune
• Mahindra & Mahindra Financial Services
  • ​It is an Indian rural non-banking financial company.
  • HQ - Mumbai.

The correct answer is All A, B & C.

In News

• RBI releases a list of 15 NBFCs in ‘Upper Layer’.

Key Points

• In the year 2023-24, RBI released the names of 15 NBFCs that fall under the Upper Layers (UL)/NBFC-UL of the SBR.
• NBFC-BL (Base Layer): It primarily consists of non-deposit-taking NBFCs with assets below Rs 1000 crore.
• NBFC-ML (Middle Layer): It comprises all deposit-taking NBFCs and non-deposit-taking NBFCs with assets exceeding Rs1000 crore.
• NBFC-UL (Upper Layer): The upper layer includes NBFCs specifically identified by the RBI as warranting enhanced regulatory requirements based on a set of parameters and scoring methodology.
• The top 10 eligible in terms of asset size will always reside in the upper layer, regardless of other factors.
• NBFC-TL (Top Layer): NBFC-UL will be moved to Top Layer if RBI recognizes a substantial increase in the potential systemic risk.
• TMF Business Services Limited, formerly Tata Motors Finance Limited, qualifies as an NBFC-UL based on scoring methodology.

Additional Information

• RBI 
  • Established in - 1935
  • HQ - Mumbai
  • Governor- Shaktikanta Das

The correct answer is HDFC Bank.

In News

• HDFC seeks a Singapore bank licence to open its 1st branch in the country.

Key Points

• HDFC Bank Ltd, India’s biggest private sector lender, is seeking to open its first branch in Singapore, signalling its overseas ambitions after sewing up a landmark merger with mortgage financier Housing Development Finance Corp. last year.  
• The bank has applied to the Monetary Authority of Singapore for a banking licence and is awaiting approval, according to sources familiar with the matter.
• It is not clear what kind of banking licence HDFC Bank is seeking in Singapore.
• The banking giant is seeking a bigger presence abroad to tap the Indian diaspora for savings and term deposits, as well as to cross-sell more products, including mortgages.
• At home, HDFC has been focusing on deepening its reach in the world’s most populous country through loans to retail customers. 
• Singapore, with a population of almost 6 million people, houses a large Indian diaspora. 

Additional Information

• HDFC Bank
  • ​Established in - 1994
  • HQ - Mumbai
  • CEO - Sashidhar Jagdishan

The correct answer is All of the above.

In News

• LIC, GIC Re, and New India remain Domestic Systemically Important Insurers, as announced by IRDAI.

Key Points

• Regulator Irdai announced Life Insurance Corporation of India, General Insurance Corporation of India, and New India Assurance Co. continue to remain as Domestic Systemically Important Insurers (D-SIIs) and are perceived as "too big or too important to fail".
• Domestic Systemically Important Insurers (D-SIIs) refer to insurers of such size, market importance, and domestic and global interconnectedness, whose distress or failure would cause a significant dislocation in the domestic financial system.
• "LIC, GIC Re., and New India continue to be identified as Domestic Systemically Important Insurers (D-SIIs), as in the 2021-22 list of D-SIIs.

Additional Information

• LIC
  • Established in 1956
  • HQ - Mumbai
  • CEO - Siddhartha Mohanty
• GIC
  • Established in 1972
  • HQ - Mumbai
  • CMD - Ramaswamy Narayanan
• New India Assurance Co
  • ​Established in - 1919
  • HQ - Mumbai
  • CEO - Pardeep Kharoud

The correct answer is Indian Overseas Bank

In News

•  Indian Renewable Energy Development Agency (IREDA) and Indian Overseas Bank join hands in co-lending for Renewable Energy Projects.

Key Points

• Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a MoU with the Indian Overseas Bank, setting the stage for collaborative efforts in co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation
• The MoU includes co-lending and co-origination support provisions for all Renewable Energy projects.
• The partnership aims to streamline loan syndication and underwriting processes and manage Trust and Retention Accounts (TRA) for IREDA borrowers.
•  The partnership also works towards fixed interest rates over a 3–4-year period for IREDA borrowings.
• Indian Overseas Bank
  • ​Established in 1937
  • HQ - Chennai
  • CEO - Ajay Kumar Srivastava

Additional Information 

• State Bank of India
  • ​Established in - 1955
  • HQ - Mumbai
  • Chairman - Dinesh Kumar Khara
• Bank of India
  • Established in - 1906
  • HQ - Mumbai
  • CEO - Rajneesh Karnatak
• Union Bank of India
  • ​Established in - 1919
  • HQ - Mumbai
  • CEO - A. Manimekhalai​
• Bank of Baroda
  • Established in - 1908
  • HQ - Vadodara
  • CEO - Devdutt Chand

The correct answer is Sportsperson.

In News

• States’ Startup Ranking 2022.

Key Points

• The Startup India initiative of the Government of India envisages building a robust Startup ecosystem in the country for nurturing innovations and providing opportunities to budding entrepreneurs.
• The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has been conducting the States Start-up Ranking Exercise since 2018.
• The exercise plays a crucial role in easing the business environment for start-ups in the country.
• States and Union Territories are classified into 5 Categories:
  • Best Performers
  • Top Performers
  • Leaders
  • Aspiring Leaders
  • Emerging Start-up Ecosystems

Additional Information

• Karnataka, Kerala, and Tamil Nadu lead the State Startup Ranking 2022 as Best Performers, the top category in the ranking.
• The ranking was released by the Union Ministry of Commerce and Industry.
• Gujarat has retained its position as the Best Performer start-up state in the country.

• The Government of India has set up a 21 member high-level technical committee in order to guide the people in preventive and control activities of pandemic COVID-19. 
• V K Paul would head this high-level committee. He is a NITI Aayog member.
• This committee would be co-chaired by  Preeti Sudan, Union Health Secretary and  Balram Bhargava, Director General Indian Council of Medical Research.
• Randeep Guleria, Sujeet Singh, Sanjay Pujari, Rajan Khobragade are the members of this committee.

The correct answer is Union Bank of India.

In News

• DLabs At ISB Launches `Build For Billions’ Jointly With RBI Innovation Hub, UBI.

Key Points

• DLabs at the Indian School of Business (ISB) has announced the initiation of ‘Build for Billions’, a startup accelerator program centred around financial inclusion for the informal economy.
• This innovative program has been launched in partnership with the Reserve Bank Innovation Hub (RBIH) and Union Bank of India.
• The primary theme of ‘Build for Billions’ is to foster financial inclusion within the informal economy.
• It aims to address livelihood issues for gig workers, migrant workers, domestic workers, street vendors, carpenters, plumbers, electricians, and construction laborers who represent the informal economy.

Additional Information

• Union Bank of India
  • ​Established in - 1919
  • HQ - Mumbai
  • CEO - A. Manimekhalai
• RBI Innovation Hub
  • ​It has been set up as a Section 8 company under the Companies Act, 2013 with an initial capital contribution of Rs 100 crore.
  • It is a wholly-owned subsidiary of the RBI.
  • RBIH aims to create an ecosystem that focuses on promoting access to financial services and products for the low-income population in the country.

The correct answer is 6.

Key Points

• NASA has conducted 6 manned missions on the moon.
• NASA did a total of six moon landings under its Apollo programme that ran from 1961 to 1972.
  • Apollo 11 (Neil Armstrong and Edwin Buzz Aldrin)
  • Apollo 12 (Charles Conrad and Alan Bean)
  • Apollo 14 (Aland Shepard and Edgar Mitchell)
  • Apollo 15 (David Scott and James Irvin)
  • Apollo 16 (John Young and Charles Duke)
  • Apollo 17 (Eugene Cernan and Harrison Schmitt)

The correct answer is 'Argentina'.

Key Points

• Ministry of Mines, Government of India has achieved a significant milestone with the signing of an agreement between Khanij Bidesh India Limited (KABIL) and the state-owned enterprise of Catamarca province of Argentina CATAMARCA MINERA Y ENERGÉTICA SOCIEDAD DEL ESTADO (CAMYEN SE) at Catamarca, Argentina on 15th January, 2024.

The correct answer is All of the Above.

Key Points

• The Reserve Bank of India has allowed participants on the Trade Receivables Discounting System (TReDS) platform to improve access to funds for micro, small, and medium enterprises (MSMEs).
• In June 2023, insurance companies were permitted as the “fourth participant” in TReDS, besides MSME sellers, buyers, and financiers.
• The insurance facility is likely to encourage discounting of payables of buyers irrespective of their credit ratings.

Additional Information

• TReDS is an online platform set up to facilitate MSMEs to unlock working capital by converting their receivables into cash.
• TReDS gives capital access to credit-starved small businesses in India.

The correct answer is the Ministry of Electronics & Information Technology (MeitY).

In News

• Ministry of Electronics & Information Technology (MeitY) Secretary Shri S Krishnan launched ERNET India’s newly developed integrated web portal for educational institutes in the country, at its head office.
• The portal will offer domain registration, DNS, and value-added services viz.  Website as a Service (WaaS) and Learning Management as a Service (LMaaS).
• The users can select from the variety of available templates for schools, colleges, and universities as per their requirements and create their website and Learning Management System.
• The user can publish the website and LMS by customizing the template with a single click.
• This web portal has been developed utilizing open-source software and emerging technologies such as AI/ML.
• The ERNET India is a not-for-profit scientific society under MeitY.
• Ministry of Electronics & Information Technology (MeitY)
  • ​It is an executive agency of the Union Government of the Republic of India.

Additional Information

• Ministry of Communications and Information Technology
  • ​It is an Indian government ministry.
  • It was bifurcated into the Ministry of Communications and the Ministry of Electronics and Information Technology in July 2016.
• Ministry of Science and Technology
  • ​It is the Indian government ministry charged with the formulation and administration of the rules regulations and laws relating to science and technology in India.
  • Current Minister - Jitendra Singh
• Ministry of Education
  • ​It is a ministry of the Government of India, responsible for the implementation of the National Policy on education.

The correct answer is Dharmendra Pradhan.

Key Points

• At an international summit meeting, a Sherpa is a personal envoy of the head of a member nation.
• G20 Sherpas:
  • Shaktikanta Das (2018)
  • Suresh Prabhu (2019)
  • Piyush Goel (2021)
  • Amitabh Kant (2023)

The correct answer is 5000.

Key Points

• State Bank of India (SBI) raised 5000 crore through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34%. 
  • The tenor of these bonds is perpetual with a call option after 10 years and every anniversary thereafter.
  • The Bonds were rated AA+ with a stable outlook by CRISIL and ICRA.