Economy, Banking & Finance Current Affairs July 2025 MCQs (Part 1): Quiz for Bank, SSC & Railway

Economy, Banking & Finance Current Affairs July 2025 MCQs (Part 1): Exam-oriented MCQs with precise answers and crisp explanations sourced from RBI, government releases, and company announcements.

Economy, Banking & Finance Current Affairs July 2025 MCQs (Part 1): Quiz
Economy, Banking & Finance Current Affairs July 2025 MCQs (Part 1): Quiz

Economy, Banking & Finance Current Affairs July 2025 MCQs (Part 1) Quiz: Summary

#What happened (≤8 words)Authority — LeaderCategoryKey numbersWhy it matters (exam)
1*Reserve assets* drove rise in overseas assetsRBI — Shaktikanta DasExternal sector (IIP)*>54%* share; *>72%* from 3 itemsMemorise IIP asset drivers
2AePS *ATO due-diligence* norms notifiedRBI — Shaktikanta DasPayments / Regulation*KYC*, re-KYC after 3 monthsAePS KYC rules for ATOs
3Jumbotail raises *$120 mn* Series DSC Ventures; Jumbotail — S. K. VenkateswaranStartup / VC*$120 mn*; total *$263 mn*Who led Jumbotail round
4External debt at *$736.3 bn*MoF (GoI)Macro / External debtDebt/GDP *19.1%*; Res/ Debt *90.8%*External debt figure & ratios
5SatSure–Dhruva *EOaaS* allianceSatSure; Dhruva SpaceSpace-tech / EOName EOaaS partners
6Reliance–*CMI* defence MRO JVReliance Defence; Coastal Mechanics Inc.Defence / MROMarket ~*₹20,000 cr*US partner for MRO JV
7SBI to solarise *4 million homes*SBI — C. S. SettyBanking / Green*4 million* by *FY27*SBI rooftop target
8AU SFB–*LIC* bancassurance pactAU SFB; LIC — Sat Pal BhanooBancassuranceBank–insurer pairing
9IndusInd *INDIE for Business* for MSMEsIndusInd BankMSME / Fintech>*2 mn* target; ~*100k* onboardedName MSME platform
10*GIC* arm okayed for Groww parentCCI; GIC (Singapore)M&A / RegulatoryStake *2.143%*SWF & % stake
11*AIIB* invests ₹*1,301 cr* in ABCLAIIB — Jin Liqun; ABCLMultilateral / FinanceTenor *3 years*Amount & purpose (RE/EV)
12*ORIX* to sell 17.5% to AM GreenORIX; AM GreenEnergy / Deal*17.5%*; post-hold ~*25%*Seller, buyer & stake
13RBI *FSR* is half-yearlyRBIPublication*2×/year*FSR frequency
14*CRISIL* pegs FY26 GDP *6.5%*CRISIL — Amish MehtaForecast*6.5%*FY26 growth baseline
15*GCF* okays *$200 mn* for IGFFGCF; ADBClimate finance*$187m* loan + *$13m* grantFund, amount & split
16*MobiKwik* broking clears SEBISEBI; MSBPLFintech / MarketsAuthorization type
17*NCDEX–IMD* to build weather derivativesNCDEX; IMDDerivatives / AgriFirst weather derivatives
18*LIC* launches Nav Jeevan Shree plansLIC — Sat Pal BhanooInsurance / ProductsPlan *911*, *912*Plan names & type
19*Standard Chartered* for CCIL IFSC FCSSCCIL IFSC; StanChartMarket infra / IFSC*USD* real-time settlementsSettlement bank name
20*Cochin Shipyard–HD KSOE* MoUCSL; HD KSOEShipbuildingMoU partner to memorise

Q1) In FY 2024–25, which component contributed the largest share to the rise in India’s overseas financial assets, accounting for over 54%, as per RBI IIP data?

Explanation: RBI’s International Investment Position shows that over 72% of the rise in India’s overseas financial assets came from three items reserve assets, currency & deposits, and overseas direct investment with reserve assets alone contributing over 54%, making it the single biggest driver. RBI Governor Shaktikanta Das, RBI HQ: Mumbai.

Q2) From which date do RBI’s “AePS Touchpoint Operators – Due Diligence” Directions come into force?

Explanation: RBI issued the final Directions on 27 June 2025 under the PSS Act, 2007, They take effect from 1 January 2026. Banks (acquirers) must apply full KYC due diligence (per RBI’s Master Direction – KYC, 2016), perform periodic KYC updates, and re-KYC an ATO after 3 months of inactivity before reactivation. AePS is operated by NPCI (MD & CEO: Dilip Asbe) and RBI’s Governor: Shaktikanta Das.
Source: rbi.org.in

Q3) In July 2025, Cochin Shipyard signed an MoU with which South Korean company to boost long-term shipbuilding cooperation?

Explanation: On 04 Jul 2025, Cochin Shipyard Limited (CSL) signed a comprehensive MoU with HD Korea Shipbuilding & Offshore Engineering (KSOE) in Kochi to build long-term cooperation in shipbuilding—covering joint exploration of newbuild projects in India & abroad. Focus = long-term shipbuilding cooperation.

Q4) In June 2025, Reliance Defence Limited partnered with which US firm to set up a defence MRO hub in Maharashtra?

Explanation: In June 2025, Reliance Defence Limited (subsidiary of Reliance Infrastructure Ltd.) and Coastal Mechanics Inc. (CMI), a U.S. DoD-authorised contractor, agreed to establish a JV MRO and upgrade facility at MIHAN, Nagpur (Maharashtra) targeting India’s ~₹20,000-crore defence MRO market. Scope includes lifecycle support and upgrades for major IAF platforms such as Jaguars, MiG-29s and Apaches.

Q5) In July 2025, which multilateral bank invested ₹1,301 crore in Aditya Birla Capital via NCDs for renewable energy and EV projects?

Explanation: In July 2025, the Asian Infrastructure Investment Bank (AIIB), headquartered in Beijing and led by President Jin Liqun, subscribed to ₹1,301.25 crore of Non-Convertible Debentures (NCDs) issued by Aditya Birla Capital Limited (ABCL), a Mumbai-based NBFC. The 3-year investment will boost financing in renewable energy, electric mobility, hydrogen, and charging infrastructure.

Q6) Which insurer launched the two plans “Nav Jeevan Shree” and “Nav Jeevan Shree – Single Premium” on 04 July 2025?

Explanation: On 04-07-2025, Life Insurance Corporation of India (LIC) introduced two non-linked, non-participating individual plans Nav Jeevan Shree (Plan 912) and Nav Jeevan Shree Single Premium (Plan 911). The launch was announced by Sat Pal Bhanoo (CEO & MD-in-Charge, LIC).

Q7) RBI’s Financial Stability Report (FSR) is published how often?

Explanation: RBI’s communication policy states that the Financial Stability Report is a half-yearly publication. It provides a system-wide view of risks and resilience in India’s financial system for policymakers and exam takers to track. Useful context: issuer = RBI publication = Financial Stability Report (FSR) typical cadence = twice a year.
Source: rbi.org.in

Q8) In July 2025, which fund approved USD 200 million for the ADB-led India Green Finance Facility (IGFF) to boost clean-energy investment in India?

Explanation: On 03 Jul 2025, the Green Climate Fund (GCF) Board (B.42) approved $200 million for ADB’s India Green Finance Facility (IGFF). The package is USD 187 million loan + USD 13 million grant, with ADB as the Accredited Entity; the program channels concessional credit and a risk-sharing facility to Indian DFIs to scale clean-energy projects.

Q9) At end-March 2025, India’s external debt stood at about how much?

Explanation: Government data confirms India’s external debt was USD 736.3 billion at end-March 2025, up 10.1% from a year earlier. The external-debt-to-GDP ratio was 19.1%, and the forex-reserves-to-debt ratio was 90.8%.
Source: sansad.in

Q10) In June 2025, AU Small Finance Bank tied up with which insurer for a pan-India bancassurance partnership?

Explanation: In June 2025, AU Small Finance Bank (AU SFB) announced a nationwide bancassurance partnership with Life Insurance Corporation of India (LIC), enabling AU SFB to distribute LIC’s life-insurance portfolio (term, endowment, whole-life, pension/annuity, child plans) through its branch network; the tie-up supports the vision of “Insurance for All by 2047.”

Q11) Who led the USD 120 million Series D funding round for Jumbotail in June 2025?

Explanation: On 30 June 2025, Bengaluru-based B2B food-and-grocery platform Jumbotail announced a USD 120 million Series D led by SC (Standard Chartered) Ventures, the innovation and investment arm of Standard Chartered; existing investor Artal Asia also participated, taking total capital raised to USD 263 million. S. Karthik Venkateswaran (Co-founder & CEO) and Ashish Jhina (Co-founder).

Q12) Which pair signed an MoU in June 2025 to deliver end-to-end Earth Observation-as-a-Service (EOaaS) solutions?

Explanation: In June 2025, SatSure (Bengaluru, CEO: Prateep Basu) and Dhruva Space (Hyderabad, CEO: Sanjay Nekkanti) announced a strategic alliance to provide end-to-end Earth Observation-as-a-Service (EOaaS) covering satellite development.

Q13) In July 2025, which sovereign wealth fund’s arm Viggo Investment Pte Ltd received CCI approval to acquire a stake in Billionbrains Garage Ventures (parent of Groww)?

Explanation: On 1 July 2025, the Competition Commission of India (CCI) approved Viggo Investment Pte Ltd, a subsidiary of Singapore’s sovereign wealth fund GIC, to acquire 2.143% stake in Billionbrains Garage Ventures, parent of Bengaluru-based investment platform Groww. The deal is part of a larger USD 250–300 million funding round.

Q14) In July 2025, which bank was appointed settlement bank for CCIL IFSC’s Foreign Currency Settlement System (FCSS) at GIFT City?

Explanation: In July 2025, Standard Chartered Bank signed an agreement with CCIL IFSC Ltd. (a subsidiary of The Clearing Corporation of India Ltd.) for its IBU at GIFT City, Gandhinagar to act as the settlement bank for the FCSS, enabling real-time USD settlements and faster foreign-currency clearing for IFSC banking units; the signing involved Hare Krishna Jena (MD, CCIL) and P. D. Singh (CEO, India & South Asia, Standard Chartered).
Source: av.sc.com

Q15) In June 2025, which company agreed to sell a 17.5% stake in Greenko Energy Holdings to AM Green?

Explanation: In June 2025, AM Green (AMG) signed definitive documents to acquire 17.5% of Greenko Energy Holdings from ORIX Corporation via AMG’s wholly owned unit AM Green Power BV; ORIX also planned an investment in AM Green (Luxembourg) convertible notes. Post-closing, AMG and the promoter group aimed to hold about 25% in Greenko.

Q16) As per CRISIL’s latest outlook for FY26, India’s real GDP growth is projected at what rate?

Explanation: CRISIL projects 6.5% real GDP growth for FY26. Key supports cited include easing monetary policy and continued public capex, while external risks persist. Facts: Amish Mehta is CRISIL’s MD & CEO; registered office: Mumbai.

Q17) In July 2025, IndusInd Bank launched which digital banking platform to serve MSMEs?

Explanation: On July 1, 2025, IndusInd Bank introduced INDIE for Business, a digital platform for MSMEs that unifies payments, loans, collections, and account insights on one interface; the bank aims to double MSME revenue in three years and expects over 2 million clients to join soon with about 100,000 already onboarded.

Q18) Under SBI’s Solar Rooftop Programme announced at its 70th anniversary, how many homes does SBI aim to solarise by FY27?

Explanation: State Bank of India announced a Solar Rooftop Programme targeting the solarisation of 4 million homes by FY2027, aligning with India’s Net Zero-2070 goals and marking SBI’s 70th year. Additional facts: Chairman — C. S. Setty, HQ — Mumbai.

Q19) In June 2025, which exchange signed an MoU with IMD to develop India’s first weather derivatives?

Explanation: On 26 June 2025, NCDEX and IMD signed an MoU to build rainfall-based and other weather-indexed derivative products using IMD’s historical and real-time datasets, enabling seasonal and location-specific contracts that help hedge climate risks in agriculture and allied sectors. Leadership facts: Arun Raste (MD & CEO, NCDEX), Dr. Mrutyunjay Mohapatra (DG, IMD).

Q20) From which date is MobiKwik’s subsidiary MobiKwik Securities Broking Pvt Ltd (MSBPL) authorised by SEBI to operate as a stockbroker and clearing member?

Explanation: On 01 July 2025, MobiKwik Securities Broking Pvt Ltd (MSBPL) received a Certificate of Registration from SEBI to operate as a stockbroker and clearing member, enabling activities like buying, selling, dealing, clearing and settlement of equity trades; the certificate carries indefinite validity.

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