General Awareness Test - 4 - Bank Exams MCQ

The Correct Answer is Development Bank.
Key Points
Development Banks

• They provide medium and long-term finance to the industrial and agricultural sectors
• They provide finance to both the private and public sectors.
• They do term lending, investment in securities, and other activities.
• They even promote saving and investment habits in the public.

Export-Import Bank of India (EXIM Bank):

• Currently headed by Harsha Bangari. (HQ- Mumbai.)
• It is a specialized financial institution, wholly owned by the Government of India, set up in 1982, for financing, facilitating, and promoting foreign trade of India.
• It is a public sector financial institution created by an Act of Parliament, the Export-import Bank of India Act, 1981.
• The business of Exim Bank is to finance Indian exports that lead to continuity of foreign exchange for India.
• The Exim Bank extends term loans for foreign trade.
• The Bank facilitates two-way technology transfer by financing import of technology into India, and investment abroad by Indian companies for setting up joint ventures, subsidiaries or undertaking overseas acquisitions

• At WWDC 2024, Apple announced the introduction of its new AI framework called Apple Intelligence.

• This system focuses on enhancing personalised interactions across Apple devices.
• Apple Intelligence leverages generative models designed with privacy in mind.
• It supports features such as prioritising notifications, summarising content, and generating images using photos from the library.
• The system is integrated with Apple Silicon, particularly from the A17 Pro chip and onwards.
• A key component is its capability to offer personalised actions across apps using on-device intelligence.
• For specialised processing needs that require cloud support, it utilises Private Cloud Compute.
• This framework is positioned to work seamlessly within the Apple ecosystem, enhancing user experience with advanced AI capabilities.

The correct answer is ​Leave No One Behind, Count Everyone

In News

• World Population Day is observed annually on July 11 to raise awareness about global population growth and its impact on development and sustainability.
• The theme for World Population Day 2024 is "Leave No One Behind, Count Everyone," focusing on the importance of counting everyone for sustainable development.

Key Points

• The UN Secretary-General's message highlights the ICPD Programme of Action and the need to address remaining inequalities in women's health and rights.
• The current global population, according to Worldometer, is 8,120,886,060 and rising, reflecting a rapid growth that poses significant challenges.
• The population reached the 7 billion mark in 2011, illustrating a major shift and rapid growth in recent centuries.
• World Population Day originated from the "Day of Five Billion" on July 11, 1987, when the global population reached an estimated five billion people.
• In 1989, the United Nations Development Programme (UNDP) established World Population Day to focus attention on population issues, with the first celebration in 1990 across more than 90 countries.

The correct answer is Gujarat.
In News

• The Asian Development Bank (ADB) has signed a long-term loan agreement with ENGIE group to finance a 400MW solar PV power plant in Surendranagar District, Gujarat, India.

Key Points

• ADB acted as the mandated lead arranger for the loan, amounting to 14.6 billion Indian rupees (approximately $175.9 million).
• The project will be executed by Enren Energy Private Limited, a special-purpose vehicle owned by ENGIE, utilizing locally produced bifacial PV modules.
• Gujarat Urja Vikas Nigam Limited, a state-owned electricity distribution company, will be the sole offtaker of the power generated by the plant.
• The solar plant is projected to generate an average of 805GWh annually over a period of 25 years, contributing significantly to India's clean energy goals.
• ENGIE India CEO Amit Jain highlighted the project's role in advancing India's clean energy journey, promoting local job creation, and supporting the country's transition to nonfossil fuel energy sources.
• This initiative aligns with the Government of India's ambitious target of achieving 500GW of nonfossil fuel energy capacity by 2030, furthering the nation's commitment to sustainable development and climate action.

The correct answer is Only 1.

In News

• The FC is constituted every five years and is exclusively constituted by the Union Government.

Key Points

• The FC consists of a chairman and four other members who are appointed by the President.
• The 16th Finance Commission, under the chairmanship of Dr. Arvind Panagariya, focuses on devolution to local bodies, highlighting challenges in urban fiscal devolution in India.
• The Union government has notified the constitution of the 16th Finance Commission under the chairmanship of Dr. Arvind Panagariya for making its recommendations for the period of 2026-31.
• The FC is constituted every five years and consists of a chairman and four other members who are appointed by the President.

The correct answer is ​Justice H N Kotiswar Singh and Justice R Mahadevan

In News

• The Centre has notified the appointment of Justices H N Kotishwar Singh and R Mahadevan as judges of the Supreme Court.

Key Points

• Justice Singh is currently the Chief Justice of Jammu and Kashmir and Ladakh High Court, having taken office on February 15, 2023.
• He is the first Supreme Court judge from Manipur, with his name recommended by the Collegium led by Chief Justice DY Chandrachud on July 12.
• Born on March 1, 1963, in Imphal, Justice Singh has a notable legal background, including serving as a senior advocate and additional judge in the Gauhati High Court.
• Justice R Mahadevan is the acting Chief Justice of the Madras High Court, having been appointed a judge there in 2013.
• Mahadevan has a law degree from Madras Law College and has over 25 years of experience specializing in civil, criminal, and tax-related cases.
• With these appointments, Manipur gains representation in the Supreme Court for the first time since gaining statehood over 50 years ago.

The correct answer is Malta.
In News

• Roberta Metsola, a Maltese lawmaker, secured a second term as president of the European Parliament.

Key Points

• Metsola is the first woman to win a second term as head of the EU assembly.
• She is only the second president, after Germany’s Martin Schulz, to win another term since the EU Parliament became a directly elected institution in 1979.
• Metsola was reappointed with broad backing, securing 562 votes out of 623.
• She is a member of the centre-right European People’s Party.

Additional Information

• Roberta Metsola
  • Roberta Metsola is from Malta, the EU’s smallest country.
  • She became an EU lawmaker in 2013 and rose through the ranks to become the youngest ever president of the EU Parliament.
  • Metsola has been recognized for her support of Ukraine and efforts to repair the Parliament’s reputation.
  • She has faced criticism over her stance on abortion but committed to representing the EU assembly’s position on women's rights.

The correct answer is Mastercard.
Key Points

• CERT-In has partnered with Mastercard to enhance cyber-resilience in the financial sector.
• The collaboration aims to promote cooperation and information sharing in cybersecurity incident response, capacity building, and threat intelligence.
• Both entities will conduct training programs and workshops to enhance the cybersecurity of financial sector organizations.
• The partnership will involve sharing relevant cyber threat trends, technical information, threat intelligence, and vulnerability reports.

Important Points

• Cybersecurity is a key focus for the Indian government, with Prime Minister Modi's administration committed to ensuring digital platform security.
• Mastercard's comprehensive approach to security includes the use of the latest AI technology to protect systems and enhance adaptability and resilience.
• CERT-In operates a 24x7 incident response Help Desk to provide timely responses to reported cybersecurity incidents.

Additional Information

• CERT-In: The Indian Computer Emergency Response Team, a government organization under the Ministry of Electronics and Information Technology, designated as the national agency for incident response.
• Mastercard: A global technology company in the payments industry, committed to making transactions safe, simple, smart, and accessible.
• Cyber Threat Intelligence: Information that CERT-In and Mastercard will share to enhance cybersecurity measures in the financial sector.

The correct answer is 58.9%
In News

• According to the Economic Survey 2023-24, a 58.9% women participation rate was in MGNREGS in 2023-24.

Key Points

• The Economic Survey 2023-24 highlights a significant increase in female Labour Force Participation Rate (LFPR), which rose to 37% in 2022-2023 from 23.3% in 2017-2018, driven largely by rural areas.
• Women hold 55.6% of the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, with a total of 52.3 crore bank accounts opened as of May 2024.
• The Deendayal Antyodaya Yojana-NRLM has created 8.3 million Self-Help Groups (SHGs) covering 89 million women, leading to improved empowerment, self-esteem, education, and access to government schemes.
• Under the Pradhan Mantri Mudra Yojana (PMMY), 68% of the loans have been sanctioned to women entrepreneurs.
• Stand-Up India has 77.7% women beneficiaries, reflecting the program's impact on supporting female entrepreneurship.
• Over 53% of beneficiaries of the Prime Minister’s Rural Digital Literacy Campaign (PMGDISHA) are women, showcasing the progress in digital literacy.
• The survey emphasizes the importance of asset ownership for women, advocating for female ownership of houses under the PM AWAS Yojana to promote gender equity.

The correct answer is To implement Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses.
Key Points

• The Green Climate Fund (GCF) approved a USD 215.6 million loan facility for SIDBI.
• The purpose of the funding is to implement Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses.
• This initiative supports Indian MSMEs in adopting low-emission and climate-resilient technologies.
• The project contributes to India's net-zero targets.

Additional Information

• Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India.
• It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country.
• The SIDBI was established on April 2, 1990, by Government of India, as a wholly owned subsidiary of IDBI Bank .
• It was delinked from IDBI w.e.f. March 27, 2000.

The correct answer is Dark Oxygen

In News

• Scientists have discovered 'dark oxygen' in the Pacific Ocean’s Clarion-Clipperton Zone (CCZ) at a depth of 13,000 feet.

Key Points

• The study, published in Nature Geoscience, reveals oxygen emitted from polymetallic nodules without photosynthesis.
• These nodules, rich in manganese and iron, produce oxygen in the dark, challenging the notion that photosynthesis is the sole oxygen source.
• This discovery suggests an additional oxygen source existed, possibly supporting aerobic life before photosynthesis.
• The research, led by Andrew Sweetman of SAMS, implies life on Earth might have had alternative oxygen sources.
• The discovery raises the possibility of similar processes occurring on other planets.
• The breakthrough follows a decade of research, initially aiming to measure oxygen consumption by CCZ seafloor organisms.

• The Ministry of Earth Sciences, Government of India, through the National Centre for Polar and Ocean Research, will host the 46th Antarctic Treaty Consultative Meeting and the 26th Meeting of the Committee for Environmental Protection from May 20 to 30, 2024, in Kochi, Kerala.

Key Points

• The purpose is to discuss ongoing challenges faced by Antarctica and promote cooperation in environmental protection and research.
• These meetings align with India's commitment to protecting the fragile ecosystem of Antarctica and promoting scientific research in the region.
• India, as a Consultative Party to the Antarctic Treaty since 1983, actively participates in the decision-making process alongside other member countries.
• India currently operates two year-round research stations, Maitri and Bharati, which facilitate Indian Scientific Expeditions to Antarctica.

The correct answer is China.

In News

• China's Chang'e-6 lunar probe successfully returned to Earth with samples from the Moon's far side, landing in Inner Mongolia on June 25, 2024.

Key Points

• Launched from Hainan on May 3, the mission collected approximately 2 kilograms of lunar samples.
• The samples were specifically gathered from the Apollo Crater within the South Pole-Aitken basin, known for its unique geological features.
• This region is of particular scientific interest due to its differences from the near side of the Moon.
• Chang'e-6 utilized a drill and robotic arm to gather soil and rock samples, which were transported back to Earth via a return rocket.
• Scientists anticipate that studying these samples will provide valuable insights into the Moon's geological history and its formation billions of years ago.
• China's success with Chang'e-6 underscores its advancing capabilities in lunar exploration, following achievements like the first far side landing and rover deployment.
• The mission is part of China's ambitious space program, aiming to land taikonauts on the Moon by 2030.
• Overall, Chang'e-6's return marks a significant milestone in lunar exploration, contributing to humanity's understanding of celestial bodies beyond Earth.

The correct answer is College of Defence Management

In News

• Major General Harsh Chhibber took over as the Commandant of the College of Defence Management, Secunderabad on 31 May 2024, succeeding Rear Admiral Sanjay Datt.

Key Points

• He is an alumnus of the National Defence Academy and was commissioned into the Army Service Corps in December 1988.
• Maj Gen Harsh Chhibber holds a Doctor of Philosophy (PhD) in Public Policy.
• He also possesses two M.Phil degrees, one in Business Management and another in Public Administration.
• His professional education includes the Technical Staff Officers Course (TSOC), the Higher Defence Management Course (HDMC), and the Advanced Professional Programme in Public Administration (APPPA).
• His military career includes various important assignments in the Eastern, Northern, and Western Sectors.
• He has commanded the Para ASC company, an ASC Battalion, and the ASC Training Centre.
• He served as Brigadier General Staff (Information System) in the Eastern Sector and Major General (Operational Logistics) in the Northern Sector.
• He has experience as an instructor at the Army Service Corps Centre and College.
• He served as the Directing Staff and Head of the Financial Management Department at the College of Defence Management.
• He developed and implemented software applications that are in use by a large number of units.

The correct answer is Andrei Belousou.
In News

• Andrei Belousou has been appointed as the new Defense Minister of Russia, indicating a significant change in the country's defense leadership amidst the ongoing Russia-Ukraine military conflict.

Key Points

• Presidential Decision: This decision was made by Russian President Vladimir Putin, signaling a reshuffling in the top administrative positions within the Russian government. Replacing Sergei Shoigu, who had held the position since 2012, highlights the strategic considerations behind these changes.
• From Deputy Prime Minister to Defense Minister: Prior to this appointment, Andrei Belousou held the role of Deputy Prime Minister of Russia. His broad experience in government roles, including as Assistant to President Putin on Economic Issues and Minister of Economic Development of the Russian Federation, underscores the trust and confidence placed in him for this critical role.
• Shoigu’s New Role: Sergei Shoigu, the outgoing Defense Minister and a long-time ally of President Putin, has been reassigned to replace Nikolai Patrushev as Secretary of Russia's powerful Security Council and to take charge of the military-industrial complex, which illustrates the strategic shuffle within the high echelons of Russian politics and defense.
• Continuity in Other Positions: The confirmation that Chief of the General Staff Valery Gerasimov and Foreign Minister Sergei Lavrov will retain their positions emphasizes a balance between change and continuity within the Russian leadership structure.

The correct answer is Tripura.

Key Points

• Tripura does not share an international boundary with Myanmar.
• Following Indian states share an international boundary with Myanmar-
  • ​Arunachal Pradesh
  • Nagaland
  • Manipur
  • Mizoram

​

• Myanmar shares a long land border of over 1600 Km with India as well as a maritime boundary in the Bay of Bengal.
• Myanmar is geopolitically significant to our country as it stands at the centre of the India-Southeast Asia geography.
  • It is the only Southeast Asian country that shares a land border with northeastern India.
  • As part of India’s SAGAR Vision, India developed the Sittwe port in Myanmar’s Rakhine state.

The correct answer is 1-C, 2-D, 3-A, 4-B
In News

• President Droupadi Murmu has appointed new Governors for nine states and a Lieutenant Governor for Puducherry.

Key Points

• Haribhau Kisanrao Bagde is the new Governor of Rajasthan, replacing the previous officeholder.
• Jishnu Dev Varma, former Deputy Chief Minister of Tripura, has been appointed Governor of Telangana.
• Om Prakash Mathur, a former Rajya Sabha MP, is now the Governor of Sikkim.
• Santosh Kumar Gangwar, a former Union Minister, is the new Governor of Jharkhand.
• Ramen Deka, a former Lok Sabha MP from Assam, has been appointed Governor of Chhattisgarh.
• CH Vijayashankar, a former Karnataka Minister, is the new Governor of Meghalaya.
• CP Radhakrishnan, currently Governor of Jharkhand, will now also serve as Governor of Maharashtra.
• Gulab Chand Kataria, the Governor of Assam, has been appointed Governor of Punjab and Administrator of Chandigarh.
• Lakshman Prasad Acharya, Governor of Sikkim, is now also the Governor of Assam and has additional charge of Manipur.
• K Kailashnathan, a former IAS officer, has been appointed Lieutenant Governor of Puducherry.

The Correct Answer is 30 May

In News

• UN’s celebrates 1st-Ever International Day of Potato on 30 May 2024.

Key Points

• On 8th December 2023, the UN General Assembly adopted the resolution proclaiming 30th May as the International Day of Potato.
• Theme: “Harvesting diversity, feeding hope”.
• Earlier, 2008 celebrates as the International Year of the Potato.
• The potato originated in the South American Andes region.
• FAO celebrated the 1st International Day of Potato in Brussels, Belgium, co-hosted by Peru.

The correct answer is Rs 2 lakh crore
Key Points

• Rs 2 lakh crore has been allocated specifically for the creation of employment for about 4.1 crore youth over the next five years.
• This initiative aims to support the generation of job opportunities for a significant portion of the youth population.
• The allocation reflects the government's commitment to tackling unemployment and promoting economic growth.
• This is part of a broader strategy to enhance employment, skilling, and support for MSMEs and the middle class in this Budget.

Additional Information

• Rs 1.48 crore: Allocated for skilling 20 lakh youth over a five-year period to generate job opportunities.
• Internship Opportunities: The government will launch internship opportunities in 500 companies for one crore youth over five years, providing an allowance of Rs 5000 per month.
• One-time Wage Incentive: Proposed for all first-time employees in all sectors, provided through Direct Benefit Transfer (DBT).
• Focus Areas: Employment, skilling, MSMEs, and the middle class are key focus areas of this Budget, as emphasized by Finance Minister Nirmala Sitharaman.

The correct answer is Mohammad Mokhber

In News

• President of Iran Ebrahim Raisi and others were traveling back from a visit to Iran's border with Azerbaijan when their helicopter crashed in a mountainous region.

Key Points

• ​Iranian President Ebrahim Raisi, considered a hardliner and potential successor to Supreme Leader Ayatollah Ali Khamenei, died in a helicopter crash due to poor weather near the Azerbaijan border, according to officials and state media.
• The helicopter, which crashed on Sunday, was carrying Raisi, Foreign Minister Hossein Amirabdollahian, and six others. The charred wreckage was discovered after a search in blizzard conditions.
• Supreme Leader Khamenei, who has the ultimate authority on foreign policy and Iran’s nuclear program, announced that First Vice President Mohammad Mokhber would serve as the interim president.
• Khamenei declared five days of public mourning and extended his condolences to the Iranian people, noting that Mokhber is closely aligned with him, similar to Raisi.
• Location of the Incident: The crash occurred in a mountainous area, specifically noted as near the Iran-Azerbaijan border.
• Context of Travel: Understanding the purpose and origin of the travel provides insight into the nature of the trip and the involved risks.
• Challenges in Mountainous Terrain: The terrain where the crash occurred suggests the inherent risks associated with flying in such areas, especially under adverse weather conditions.
• Significance of the Border Visit: Visits to border areas are often significant in terms of security and diplomatic relations, indicating the importance of the trip.
• Impact of the Incident: The loss of a nation's president and other senior officials in such an incident has profound implications for national security and governance.
• Emergency Response: The details about the emergency response and rescue operations shed light on the challenges faced by rescue teams in such complex environments.

The correct answer is option A, i.e. 100%

• The government has permitted 20% of Foreign Direct Investment in Banking-public Sector.
• Foreign investment involves investments of funds abroad in exchange for financial return. Foreign investment can be of two types: direct and portfolio investments.
• A Foreign Direct Investment takes place when a company directly invests in properties such as plant and machinery in foreign countries with a view to undertaking production and marketing of goods and services in those countries.
• A Foreign Portfolio Investment, on the other hand, is an investment that a company makes into another company by the way of acquiring shares or providing loans to the latter and earns income by way of dividends or interest on loans.

The correct answer is Amul.

In News

• Amul is the world's strongest food brand with a BSI score of 91 out of 100 in Brand Finance’s Global Food & Drinks Report 2024.

Key Points

• Amul has seen an 11% increase in brand value, reaching $3.3 billion in 2024.
• The brand received an AAA+ rating in terms of strength, shared with Hershey’s.
• Amul's familiarity, consideration, and recommendation metrics have significantly contributed to its success.

Additional Information

• Brand Finance: It is a global leader in brand valuation, providing comprehensive brand rankings.
• Nestlé: Retained the title of the most valuable food brand globally, valued at $20.8 billion.

The correct answer is Ministry of Labour and Employment.

In News

• The Ministry of Labour and Employment launched the BoCW Management Information System portal to register construction workers.

Key Points

• The BoCW portal aims to centralize data and facilitate the distribution of benefits.
• States and UTs were asked to register on the portal and update their details.
• It tracks the fund utilization of the BoCW welfare boards of various states.
• The portal will help analyze data to better serve construction workers.

Additional Information

• BoCW Act: The Building and Other Construction Workers (BoCW) Act is aimed at regulating the employment and service conditions of building workers.
• Labour Welfare Schemes: Numerous schemes exist for workers to access financial support and benefits.
• Welfare Boards: State-level welfare boards are responsible for implementing construction worker benefits.
• Worker Registrations: The portal simplifies the registration process for millions of construction workers.

The correct answer is All 1, 2, and 3 are correct.
In News

• India has approved an additional 251 MW of electricity exports from Nepal.

Key Points

• Nepal will now export 941 MW of electricity from 28 hydropower projects to India.
• This is part of a long-term agreement to export up to 10,000 MW of power to India over the next decade.
• Nepal has significantly expanded its electricity exports since 2021.
• The additional exports contribute to both Nepal’s economy and India's growing energy needs.

Additional Information

• Nepal’s Hydropower Projects
  • Nepal has vast potential for hydropower generation due to its mountainous terrain and rivers.
  • Hydropower is Nepal’s major source of electricity exports.
• India-Nepal Energy Cooperation
  • India and Nepal have had longstanding cooperation in energy trade.
  • This cooperation is critical for regional energy security.

The correct answer is UCO Bank.

In News

• UCO Bank was fined ₹2.68 crore by the Reserve Bank of India for non-compliance with KYC regulations and fraud classification rules.

Key Points

• The RBI imposed the fine for violations in the opening of current accounts and KYC regulations.
• UCO Bank is one of the oldest banks in India, established in 1943.
• The RBI frequently monitors banks for adherence to regulations to prevent fraud.
• The penalty reflects RBI's commitment to enforcing strict KYC norms to maintain the integrity of the banking system.

Additional Information

• ICICI Bank is a leading private sector bank in India with extensive retail and corporate banking operations.
• HDFC Bank is known for its technology-driven banking services and large customer base.
• Axis Bank offers a wide range of financial products and services, including retail and wholesale banking.
• Yes Bank has recovered from a crisis and is focusing on restructuring and growth.

In News
Thiruvananthapuram International Airport Limited (TIAL) was awarded the "Pollution Control Waste Recycling Excellence Award" by the Greentech Foundation.
Key Points

• TIAL was recognized for its excellence in implementing a 'zero waste to landfill' approach.
• The airport employs the ‘5R’ strategy: ‘Reduce’, ‘Reuse’, ‘Recycle’, ‘Reprocess’, and ‘Recover’ to achieve a landfill diversion rate of 99.5%.
• The award highlights TIAL's leadership in effective waste management and sustainability practices within the aviation sector.
• The award was presented at a function held in Guwahati, Assam.

Additional Information

• Thiruvananthapuram International Airport Limited (TIAL)
  • TIAL is managed by Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, the flagship company of the Adani Group.
  • The airport's waste management practices are based on the cradle-to-cradle concept, emphasizing sustainability.
• Greentech Foundation
  • The Greentech Foundation is an organization that recognizes and rewards best practices in environmental management and sustainability across various industries.

• Nominal Effective Exchange Rate (NEER) refers to the weighted average of exchange rate of rupee against the different currencies.
• When this is adjusted with the inflation, Real Effective Exchange Rate (REER) is obtained.

The correct answer is Eielson Air Force Base, Alaska
In News
The Indian Air Force (IAF) contingent arrived at the United States Air Force's Eielson AF Base in Alaska for 'Red Flag 24', a multinational air combat exercise.
Key Points

• 'Red Flag 24' is a two-week advanced training program focused on honing skills and tactics required in aerial combat scenarios.
• The IAF Rafale fighter jets undertook a transatlantic flight with staging halts at Greece and Portugal, showcasing the capability and reach of the Indian Air Force.
• The Indo-US joint working group, under the Defense Technology and Trade Initiative (DTTI), recently held a crucial meeting in New Delhi to strengthen defense collaboration between India and the United States.
• Air Marshal Ashutosh Dixit from the IAF and Brig Gen Joel W Safranek from the United States co-chaired the meeting, focusing on enhancing defense cooperation and co-production between the two nations.
• High-ranking officials, including Brig Gen Joel W Safranek and Air Vice Marshal George Thomas, discussed strategic plans aimed at strengthening bilateral defense relations.
• The emphasis was on tackling challenges collaboratively through partnership and joint research efforts, aligning with the goals established by the DTTI mechanism since 2012.

The correct answer is RBL Bank.
In News
RBL Bank became the first private sector bank in India to integrate UPI and NCMC features in its RuPay credit cards.
Key Points

1. The integration brings UPI's secure payment features with NCMC's travel convenience.
2. RuPay is the domestic card network in India.
3. This move enhances financial convenience and flexibility for users.

Additional Information
RBL Bank

• Founded in 1943.
• Headquartered in Mumbai, Maharashtra.
• Known for innovations in digital payments.

In News
The Maharashtra government signed an MoU with Toyota Kirloskar Motor (TKM) to establish a Rs 20,000 crore greenfield manufacturing facility at Auric City in Chhatrapati Sambhaji Nagar, previously known as Aurangabad.
Key Points

• This facility will focus on producing electric and hybrid cars with an expected annual production capacity of 4,00,000 vehicles.
• Around 16,000 jobs are expected to be generated by the project, including 8,000 direct jobs and 8,000 indirect jobs.
• Toyota Kirloskar Motor (TKM) is headquartered in Bidadi, Karnataka, and currently operates two manufacturing units with an annual capacity of 3.42 lakh vehicles.
• The partnership reflects Maharashtra's commitment to advancing the electric vehicle industry and promoting sustainable transportation solutions.

Additional Information

• The greenfield manufacturing facility in Auric City, Chhatrapati Sambhaji Nagar, is part of Toyota Kirloskar Motor's broader strategy to expand its footprint in India's electric and hybrid vehicle market.
• The project aligns with India's goals of increasing the adoption of electric vehicles and reducing carbon emissions in the transportation sector.
• Toyota Kirloskar Motor, a subsidiary of Toyota Motor Corporation, is a key player in the Indian automotive industry, known for its commitment to quality and innovation.
• The collaboration with the Maharashtra government is expected to strengthen the state's position as a hub for automotive manufacturing and technology development.