Economy, Banking and Finance Current Affairs July 2025 Quiz (Part 3): MCQs from July 2025 covering development finance (NABARD), market regulations (SM-REIT, broker compliance portal), banking/asset quality, fintech/cards, cross-border payments, MSME trade finance, and inclusion metrics (FI-Index).

Economy, Banking & Finance Current Affairs July 2025 Quiz (Part 3): MCQ Summary

#	What happened (≤8 words)	Authority — Leader	Category	Key numbers	Why it matters (exam)
1	NABARD launches RuralTech & NIVARAN	NABARD — Shaji K V	Dev. finance / Innovation	24×7 grievance; est. 1982	New rural-tech + grievance stack
2	Aurum gets SM-REIT registration	SEBI; Aurum PropTech — Onkar Shetye	Markets / REITs	First listed firm with SM-REIT	New asset-class milestone
3	Pantomath unit gets MF licence	SEBI; The Wealth Company — Madhu Lunawat	Mutual funds / Regulation	AMC registration; brand “The Wealth Company MF”	New AMC entrant
4	JFSL–Allianz 50:50 reinsurance JV	Jio Financial; Allianz — Oliver Bäte	Insurance / Reinsurance	50:50 JV; explore Life/General JVs	Insurance market expansion
5	ADB funds Tripura industrial infra	ADB	Multilateral / Infra	₹975.26 cr (≈ $85.4m)	State industrial upgrade
6	NSDL Payments Bank becomes scheduled	RBI; NSDL Payments Bank	Banking / Status	Second Schedule; LAF, MSF access	Liquidity & interbank access
7	RBI fines Mandvi Nagrik Sahakari	RBI	Regulation / UCBs	Penalty ₹2,00,000	UCB advances oversight
8	Laraware launches Nxtbanking platform	Laraware — Anvesh Tiwari (CTO)	Fintech / Platforms	AI-driven, end-to-end stack	Bank/NBFC digitisation
9	NCLT clears ACL–Ambuja merger	NCLT (Ahmedabad Bench)	M&A / Cement	Appointed date 01-Apr-2024	Corporate consolidation
10	Currant Sea okayed for IDFC FIRST	RBI; IDFC FIRST Bank	Banking / Shareholding	Up to 9.99% stake	Foreign investor approval
11	RRBs reduced to 28 banks	GoI/DFS (One State–One RRB)	Banking / PSBs & RRBs	43→28 effective May-2025	Consolidation count to memorise
12	UP leads active GST taxpayers	SBI Research	Tax / Analytics	13.2% UP; Maha 12.1%; India 1.52 cr+	Top-state ranking
13	SEBI launches broker portal	SEBI; with NSE	Markets / Compliance tech	“Samuhik Prativedan Manch”	Single-window reporting
14	Equitas SFB launches NRI products	Equitas Small Finance Bank	Retail / NRI	FCNR(B) USD; Explorer NRE/NRO	NRI deposit & account
15	PhonePe–SBI Card tie-up	PhonePe; SBI Card — Salila Pande	Cards / UPI	Variants PURPLE, SELECT BLACK; RuPay/Visa	Co-brand + UPI tokenisation
16	PSB GNPA falls to 2.58%	GoI — MoS Finance	Banking / Asset quality	From 9.11% (FY21)	Asset-quality improvement
17	FI-Index at 67.0 (Mar-2025)	RBI	Financial inclusion	Up from 64.2 YoY	Inclusion progress
18	SEBI renews MCXCCL recognition	SEBI; MCXCCL	Markets / Clearing	Term 3 years	Clearing-corp continuity
19	KredX–Canara boost TReDS DTX	KredX; Canara Bank	MSME / Receivables	Gap ₹30 lakh cr target	MSME trade finance scale-up
20	PayPal World names NIPL partner	PayPal; NIPL (UPI)	Cross-border / Payments	Wallet interoperability push	Global payments linkage

Economy, Banking & Finance Current Affairs July 2025 Quiz (Part 3): MCQ Explanations

Q: In July 2025, which company became India’s first publicly listed firm to receive SEBI registration for a Small & Medium REIT (SM-REIT), registered as AMSA SM REIT Investment Trust?

SEBI** granted a ***certificate of registration*** for a *Small & Medium REIT (SM-REIT)* to ***AMSA SM REIT Investment Trust (AMSA).

Q: In July 2025, which payments bank was added to the *Second Schedule* of the RBI Act, conferring *Scheduled Bank* status?

NSDL Payments Bank Ltd.** in the *Second Schedule* to the **RBI Act, 1934**, granting ***Scheduled Bank*** status.

Q: In July 2025, which company launched India’s first fully AI-driven fintech platform called “Nxtbanking”?

Laraware** launched **Nxtbanking** as an *AI-driven end-to-end* fintech platform.

Q: In July 2025, which body approved the merger of Adani Cementation Limited into Ambuja Cements?

The *National Company Law Tribunal (Ahmedabad Bench)* sanctioned the amalgamation.

Economy, Banking & Finance Current Affairs July 2025 Quiz (Part 2)

Q1) As per a July 2025 government reply citing RBI data, what was the GNPA ratio of Public Sector Banks in FY25?

(a) 4.97%
(b) 3.47%
(c) 2.58%
(d) 7.28%

Explanation: The government told Rajya Sabha that PSB GNPAs fell from 9.11% (FY21) to 2.58% (FY25); the stock of bad loans declined from ₹6.16 lakh crore to ₹2.83 lakh crore. Source noted as RBI (provisional) and the reply was given by MoS Finance Pankaj Chaudhary.

Source: www.pib.gov.in

Q2) In July 2025, which multilateral lender sanctioned about ₹975.26 crore (≈ $85.4 million) to develop industrial infrastructure in Tripura?

(a) Asian Development Bank (ADB)
(b) World Bank
(c) Asian Infrastructure Investment Bank (AIIB)
(d) New Development Bank (NDB)

Explanation: News reports on 21 Jul 2025 stated that ADB approved about ₹975.26 crore to upgrade Tripura’s industrial ecosystem, including industrial sheds, power substations, underground electrical networks, fire stations, and 34 roads.

Source: www.business-standard.com

Q3) Which small finance bank launched FCNR(B) deposits and the Explorer Savings Account for NRIs and seafarers on 22 July 2025?

(a) Ujjivan Small Finance Bank
(b) Equitas Small Finance Bank (ESFB)
(c) Suryoday Small Finance Bank
(d) AU Small Finance Bank

Explanation: On 22-07-2025, Equitas SFB announced two offerings FCNR(B) Deposit (initially in USD, fully repatriable principal and interest) and the Equitas Explorer Savings Account for NRIs/PIOs working in shipping, merchant navy, and oil rigs. The Explorer account is available in NRE/NRO variants with global access features.

Source: nsearchives.nseindia.com

Q4) As per SBI Research’s GST@8 report (July 2025), which state has the largest share of active GST taxpayers in India?

(a) Gujarat
(b) Tamil Nadu
(c) Uttar Pradesh
(d) Maharashtra

Explanation: SBI Research finds Uttar Pradesh leads with a 13.2% share of active GST taxpayers, followed by Maharashtra 12.1%, Gujarat 8.4%, Tamil Nadu 7.7%, and Karnataka 6.9%—the top five together are ~50% of the total. India has 1.52 crore+ active GST registrations (as of 31 May 2025).

Source: sbi.co.in

Q5) On 22 July 2025, PhonePe partnered with which issuer to launch the co-branded credit cards PhonePe SBI Card PURPLE and PhonePe SBI Card SELECT BLACK?

(a) HDFC Bank
(b) Axis Bank
(c) ICICI Bank
(d) SBI Cards and Payment Services Ltd. (SBI Card)

Explanation: On 22 Jul 2025, PhonePe and SBI Card announced two variants PhonePe SBI Card PURPLE and PhonePe SBI Card SELECT BLACK. Both are issued on RuPay and VISA; RuPay cards can be linked to UPI and VISA cards can be tokenised on the PhonePe app. Salila Pande (MD & CEO, SBI Card) and Sameer Nigam (Co-founder & CEO, PhonePe).

Source: www.phonepe.com

Q6) In July 2025, which company (part of the Pantomath Group) received SEBI’s final approval to launch its mutual fund business, to operate as The Wealth Company Mutual Fund?

(a) Choice International Ltd.
(b) Unifi Capital
(c) Abakkus Asset Manager LLP
(d) The Wealth Company Asset Management Holdings Pvt. Ltd.

Explanation: On 18 July 2025, SEBI granted a Certificate of Registration to The Wealth Company Asset Management Holdings Pvt. Ltd., enabling it to operate as an Asset Management Company (AMC) and brand itself as The Wealth Company Mutual Fund. founder-leader Madhu Lunawat, HQ: Mumbai.

Source: www.moneycontrol.com

Q7) In July 2025, which payments bank was added to the *Second Schedule* of the RBI Act, conferring *Scheduled Bank* status?

(a) Fino Payments Bank
(b) NSDL Payments Bank
(c) Airtel Payments Bank
(d) India Post Payments Bank

Explanation: RBI’s notification and circular included NSDL Payments Bank Ltd. in the Second Schedule to the RBI Act, 1934, granting Scheduled Bank status. This lets the bank access liquidity tools like MSF borrowing and LAF operations, improving funding flexibility and interbank participation for day-to-day operations.

Source: www.pdicai.org

Q8) In July 2025, which investor received RBI approval to acquire up to 9.99% of IDFC FIRST Bank’s paid-up share capital?

(a) Currant Sea Investments B.V.
(b) GIC Private Limited
(c) Temasek Holdings
(d) Platinum Invictus B 2025 RSC Ltd. (ADIA)

Explanation: RBI approved Currant Sea Investments B.V. to invest up to 9.99% in IDFC FIRST Bank, as disclosed in the bank’s stock-exchange filing dated 19 Jul 2025.

Source: www.idfcfirstbank.com

Q9) According to RBI’s latest release (FY25), what was India’s Financial Inclusion Index (FI-Index) value in March 2025?

(a) 64.2
(b) 65.3
(c) 67.0
(d) 66.0

Explanation: RBI’s composite FI-Index for Mar 2025 stands at 67.0, up from 64.2 a year earlier.

Source: www.pib.gov.in

Q10) On 23 July 2025, PayPal announced a new cross-border platform called *PayPal World*. Which Indian payments body was named among its initial partners?

(a) NPCI International Payments Ltd. (NIPL)
(b) Paytm Payments Bank
(c) SWIFT India Domestic Services
(d) Worldline India

Explanation: PayPal said PayPal World will connect major wallets and systems, with launch partners including NIPL (operator of UPI), Mercado Pago (Latin America), Tenpay Global (China), and Venmo (U.S.). Aim: enable interoperable payments so users can pay abroad using their local wallets; announcement by PayPal (CEO Alex Chriss).

Source: newsroom.paypal-corp.com

Q11) On its 44th Foundation Day (July 2025) in Chennai, which pair of initiatives did NABARD launch?

(a) AgriStack Registry & e-RUPI 2.0
(b) e-NAM 3.0 & Kisan Credit Card Lite
(c) Krishi Udaan 2.0 & PM-WANI Rural
(d) RuralTech CoLab portal & “NIVARAN” grievance-redressal system

Explanation: On 12 July 2025, NABARD’s Chennai event announced two key launches: RuralTech CoLab (an open innovation platform to co-create and scale rural-centric tech) and NIVARAN (a 24×7 internal grievance redressal system for Rural Cooperative Banks). Shaji K V is the Chairman of NABARD; HQ: Mumbai; set up on 12 July 1982.

Source: www.pib.gov.in

Q12) In July 2025, which company became India’s first publicly listed firm to receive SEBI registration for a Small & Medium REIT (SM-REIT), registered as AMSA SM REIT Investment Trust?

(a) DLF Ltd.
(b) Aurum PropTech Limited
(c) Godrej Properties
(d) Macrotech Developers (Lodha)

Explanation: On 18 July 2025, SEBI granted a certificate of registration for a Small & Medium REIT (SM-REIT) to AMSA SM REIT Investment Trust (AMSA), managed by Aurum PropTech’s investment manager. This made Aurum PropTech the first publicly listed company in India with an SM-REIT approval, Onkar Shetye — Executive Director, Aurum PropTech.

Source: nsearchives.nseindia.com

Q13) In July 2025, which body approved the merger of Adani Cementation Limited into Ambuja Cements?

(a) NCLAT New Delhi
(b) SEBI
(c) NCLT Ahmedabad Bench
(d) NCLT Mumbai Bench

Explanation: The National Company Law Tribunal (Ahmedabad Bench) sanctioned the amalgamation on 18 Jul 2025 with the Appointed Date = 01 Apr 2024. The order states the scheme will be effective upon completion of the steps laid out, consolidating ACL into Ambuja Cements.

Source: www.adanienterprises.com

Q14) In July 2025, Jio Financial Services agreed to form a 50:50 domestic reinsurance JV in India with which global insurer?

(a) Munich Re
(b) Swiss Re
(c) Allianz Group
(d) AIG

Explanation: On 18 July 2025, Jio Financial Services (JFSL) and Allianz Group (via Allianz Europe B.V.) signed a binding pact to create a 50:50 reinsurance JV in India; they also signed a non-binding pact to explore equally owned JVs in general and life insurance. Aim: Insurance for All by 2047. Leadership: Oliver Bäte (Allianz CEO); Isha M. Ambani (JFSL Non-executive Director).

Source: www.allianz.com

Q15) In July 2025, the RBI imposed a monetary penalty of *₹2 lakh* on which bank for breaching directions on *Management of Advances – UCBs*?

(a) Mandvi Nagrik Sahakari Bank Ltd., Gujarat
(b) Sarvodaya Nagrik Sahakari Bank Ltd., Gujarat
(c) Laxmi Vishnu Sahakari Bank Ltd., Maharashtra
(d) Thane District Central Co-operative Bank, Maharashtra

Explanation: By an order dated 11 July 2025, RBI levied ₹2,00,000 on Mandvi Nagrik Sahakari Bank Ltd. for non-compliance with its directions on Management of Advances – UCBs. The action was taken under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Source: www.rbi.org.in

Q16) In July 2025, which company launched India’s first fully AI-driven fintech platform called “Nxtbanking”?

(a) Juspay
(b) Razorpay
(c) Laraware Pvt Ltd
(d) M2P Fintech

Explanation: Under the leadership of CTO Anvesh Tiwari, Laraware launched Nxtbanking as an AI-driven end-to-end fintech platform focused on rapid deployment, strong compliance, and scalable digital financial services for banks, NBFCs, and startups.

Source: economictimes.indiatimes.com

Q17) Under the Government’s Phase-IV RRB amalgamation effective May 2025, how many Regional Rural Banks are now operating in India?

(a) 28
(b) 30
(c) 26
(d) 27

Explanation: A PIB reply dated 21 Jul 2025 confirms the ‘One State–One RRB’ consolidation cut the count from 43 to 28 with effect from 01-05-2025.

Source: www.pib.gov.in

Q18) In July 2025, SEBI launched a centralised compliance reporting platform for stockbrokers in collaboration with NSE. What is the platform called?

(a) BrokerOne
(b) SEBI Suvidha Portal
(c) Samuhik Prativedan Manch
(d) Vyapari Compliance Setu

Explanation: SEBI’s press release announces Samuhik Prativedan Manch a unified reporting platform built with NSE to streamline broker compliance. It enables single-window submissions for members registered on multiple exchanges, reducing duplication, improving transparency, and cutting compliance costs*.

Source: www.sebi.gov.in

Q19) In July 2025, KredX announced a strategic partnership with which bank to scale MSME digital trade finance via its RBI-licensed TReDS platform *Domestic Trade Exchange (DTX)*?

(a) Canara Bank
(b) Bank of Baroda
(c) Union Bank of India
(d) Punjab National Bank

Explanation: On 22 Jul 2025, KredX said it partnered with Canara Bank to expand digital trade receivables discounting on its RBI-licensed TReDS platform DTX, targeting the ~₹30 lakh crore MSME credit gap, founder & CEO Manish Kumar.

Source: www.tribuneindia.com

Q20) In July 2025, SEBI renewed recognition of which entity as a clearing corporation for three years (from 31 Jul 2025 to 30 Jul 2028)?

(a) National Securities Clearing Corporation Ltd. (NSCCL)
(b) Indian Clearing Corporation Ltd. (ICCL)
(c) Clearing Corporation of India Ltd. (CCIL)
(d) Multi Commodity Exchange Clearing Corporation Ltd. (MCXCCL)

Explanation: SEBI issued a gazette notification renewing MCXCCL as a clearing corporation for a further three-year term

Source: www.sebi.gov.in

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