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
Q1) 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?
Q2) In July 2025, which body approved the merger of Adani Cementation Limited into Ambuja Cements?
Q3) 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?
Q4) On 23 July 2025, PayPal announced a new cross-border platform called *PayPal World*. Which Indian payments body was named among its initial partners?
Q5) According to RBI’s latest release (FY25), what was India’s Financial Inclusion Index (FI-Index) value in March 2025?
Q6) As per a July 2025 government reply citing RBI data, what was the GNPA ratio of Public Sector Banks in FY25?
Q7) In July 2025, Jio Financial Services agreed to form a 50:50 domestic reinsurance JV in India with which global insurer?
Q8) On its 44th Foundation Day (July 2025) in Chennai, which pair of initiatives did NABARD launch?
Q9) In July 2025, the RBI imposed a monetary penalty of *₹2 lakh* on which bank for breaching directions on *Management of Advances – UCBs*?
Q10) In July 2025, which company launched India’s first fully AI-driven fintech platform called “Nxtbanking”?
Q11) Which small finance bank launched FCNR(B) deposits and the Explorer Savings Account for NRIs and seafarers on 22 July 2025?
Q12) In July 2025, SEBI launched a centralised compliance reporting platform for stockbrokers in collaboration with NSE. What is the platform called?
Q13) In July 2025, which multilateral lender sanctioned about ₹975.26 crore (≈ $85.4 million) to develop industrial infrastructure in Tripura?
Q14) As per SBI Research’s GST@8 report (July 2025), which state has the largest share of active GST taxpayers in India?
Q15) In July 2025, SEBI renewed recognition of which entity as a clearing corporation for three years (from 31 Jul 2025 to 30 Jul 2028)?
Q16) 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?
Q17) In July 2025, which payments bank was added to the *Second Schedule* of the RBI Act, conferring *Scheduled Bank* status?
Q18) In July 2025, which investor received RBI approval to acquire up to 9.99% of IDFC FIRST Bank’s paid-up share capital?
Q19) Under the Government’s Phase-IV RRB amalgamation effective May 2025, how many Regional Rural Banks are now operating in India?
Q20) 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)*?