Post Views: 33
1. Which of the following types of accounts will RBI close under new guidelines from January 1, 2025?
[A] Dormant Accounts
[B] Inactive Accounts
[C] Zero Balance Accounts
[D] All of the above
Correct Answer: D [All of the above]
Notes:
The Reserve Bank of India (RBI) has announced new regulations that will result in the closure of dormant, inactive, and zero balance accounts effective January 1, 2025. Account holders must take steps to reactivate or maintain their accounts to avoid closure. Reactivate inactive accounts by making transactions and engaging with dormant accounts at the bank branch. This initiative aims to strengthen the security of banking systems, reduce occurrences of fraud, and improve the overall efficiency of banking operations.
2. Which state government has Signed MoU with SBI & UBI for Insurance Benefits?
[A] Assam
[B] Rajasthan
[C] Karnataka
[D] Andhra Pradesh
Correct Answer: A [Assam]
Notes:
On January 1 2025, the state government of Assam signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) and Union Bank of India (UBI) to offer insurance benefits to state government employees. The agreements aim to provide zero-premium insurance coverage and additional benefits to more than four lakh permanent state government employees. The decision was made in a cabinet meeting in North Lakhimpur, Assam. The State Finance Department was authorized to sign Memorandum of Understanding (MoU) with scheduled commercial banks (SCBs) to provide zero-premium insurance coverage to all permanent or regular employees of the state government, totaling over four lakh employees.
3. Which bank has launched the digital platform, FedOne, for corporate banking?
[A] Canara Bank
[B] ICICI Bank
[C] Federal Bank
[D] Axis Bank
Correct Answer: C [Federal Bank]
Notes:
Federal Bank launches new transaction banking platform FedOne with Nucleus Software. India-based private sector lender Federal Bank has selected software product company Nucleus Software to launch a new transaction banking platform, dubbed FedOne.
4. Which of the following has extended the market cap deadline for UPI apps till 2026?
[A] Reserve Bank of India
[B] National Payments Corporation of India
[C] Ministry of Finance
[D] Ministry of Corporation
Correct Answer: B [National Payments Corporation of India]
Notes:
Mumbai, Maharashta-based the National Payments Corporation of India (NPCI) has postponed the enforcement of 30% market share cap for Unified Payments Interface (UPI) transactions by two years. This market share cap, initially set to be effective by the end of 2024, will now be implemented at the end of December 31, 2026. This marks the third time the NPCI has extended the deadline for enforcing the market share cap.
5. Which of the following has revealed that drug-resistant infections increase treatment costs by an average of 33.1%?
[A] Indian Council of Medical Research (ICMR)
[B] All India Malaria Research Institute
[C] Institute of Ayurvedic Studies and Research
[D] Haffkine Institute
Correct Answer: A [Indian Council of Medical Research (ICMR)]
Notes:
Drug-resistant infections are a significant problem for healthcare systems. A recent study from the Indian Council of Medical Research (ICMR) shows that these infections lead to longer hospital stays and raise treatment costs by about 33.1%. This research highlights the financial strain on families and the healthcare system in India, especially in both public and private hospitals. The research showed that treating drug-resistant infections costs an average of $1,238, while treating infections that respond to treatment costs $827. In government hospitals, the costs were $199.2 for resistant infections and $108.5 for those that were treatable. Private hospitals had higher costs, charging $3,382 for resistant infections and $3,019 for treatable infections.
