Economy, Banking And Finance Current Affairs July 2025 Quiz (part 4)

Q: Which company launched India’s first UPI-powered bank branch in July 2025 alongside a RuPay-based UPI credit card?

slice unveiled a *UPI-powered physical bank branch* in *Koramangala, Bengaluru*.

Economy, Banking and Finance Current Affairs July 2025 Quiz (Part 4): covers July 2025 developments across banking regulation, macro forecasts, digital payments, investor milestones, energy storage, and inclusion. read the MCQs and attempt the Quiz below.

Economy, Banking & Finance Current Affairs July 2025: Summary

#	Updates	Facts (Why it matters)	Authority / Leader
1	NUCFDC–IIA India MoU for UCBs	Governance & Audit • Globally benchmarked frameworks • Strengthens UCB audit/risk	NUCFDC — Prabhat Chaturvedi; IIA India — K. V. Mukundan
2	ADB trims India FY25 GDP	Macro Forecast • 6.5% FY25; FY26 6.7% • Updated growth baseline	ADB
3	Ind-Ra cuts FY26 GDP	Macro Forecast • 6.3% FY26 (-30 bps) • Alt view vs ADB/CRISIL	India Ratings & Research — Devendra K. Pant
4	Federal Bank biometric checkout	Payments/Cards • OTP-less; 3–4 sec flow • First e-com biometric auth	Federal Bank — KVS Manian
5	India 3rd in fintech funding (H1)	Startup/Fintech • $889m H1-2025 • Global rank signal	Tracxn
6	FRSB 2020(T) coupon unchanged	Small Savings • 8.05% (Jul–Dec ’25) • Semiannual reset recall	RBI
7	RBI withdraws CAP on RFL	NBFC Supervision • CAP closed • Compliance & mgmt change done	RBI; Religare Finvest Ltd.
8	IndiGrid standalone BESS in Gujarat	Energy Storage • 180 MW/360 MWh • Largest standalone BESS; grid stability	IndiGrid — Harsh Shah; IFC — Imad N. Fakhoury
9	Gujarat crosses 1 crore investors	Markets/Retail • 1+ cr investors; India ~11.5 cr • State penetration milestone	NSE — Ashishkumar Chauhan
10	Global Findex: India account ownership	Financial Inclusion • 89% (2024) • Inclusion headline metric	World Bank
11	LIC–DoRD MoU: Bima Sakhi	Insurance/Inclusion • Stipend ₹7k→₹6k→₹5k • Rural women agency push	LIC; DoRD (MoRD)
12	Instifi gets online PA licence	Payments/Reg • RBI final authorisation • Only Goa-based PA	RBI; Instifi — Prakash Ravindran
13	Call money hours extended	Money Market • 09:00–19:00 from 1 Jul ’25 • Liquidity/trading window wider	RBI
14	INDIE for Business launched	MSME/Digital • Unified payments/loans/insights • MSME enablement	IndusInd Bank
15	slice opens UPI-powered branch	Cards/UPI • UPI ATM; ₹0 fees credit card • First UPI branch concept	slice — Rajan Bajaj; Federal Bank
16	FRSB next interest payout	Small Savings • 8.05%; payout 1 Jan ’26 • Date to memorise	RBI
17	MobiKwik broking + clearing licence	Markets/Brokerage • SEBI CoR effective 1 Jul ’25 • Fintech market entry	MSBPL — Bipin Preet Singh; SEBI — Madhabi Puri Buch
18	SBI rooftop target announced	Banking/Green • 4 million homes by FY27 • Big retail solar push	SBI — C. S. Setty
19	KVB–Kshema launch Kisan Sathi	Bancassurance/Rural • Crop + personal accident • Dual-benefit cover for farmers	Karur Vysya Bank — Ramesh Babu; Kshema GI — Natraj Nukala

Economy, Banking & Finance Current Affairs July 2025: explanation

Economy, Banking And Finance Current Affairs July 2025 Quiz part 3

Q1) Which pair launched the rural-focused dual-benefit insurance product “Kshema Kisan Sathi” under a July 2025 bancassurance alliance?

(a) Karur Vysya Bank & Kshema General Insurance
(b) Equitas SFB & Edelweiss Life Insurance
(c) Federal Bank & Scapia
(d) SBM Bank India & ICICI Prudential Life

Explanation: On 1–3 July 2025, Karur Vysya Bank tied up with Kshema General Insurance to roll out Kshema Kisan Sathi a rural product that combines crop insurance + personal accident cover for farmers and agri-entrepreneurs. KVB MD & CEO — Ramesh Babu; Kshema GI Chair — Natraj Nukala.

Source: www.ndtvprofit.com

Q2) As per ADB’s Asian Development Outlook (ADO) July 2025, what is India’s FY25 GDP growth forecast?

(a) 6.3%
(b) 6.7%
(c) 6.5%
(d) 7.0%

Explanation: ADB’s ADO July 2025: “Slower growth amid tariffs and uncertainty” trims India’s FY25 outlook to 6.5% (from 6.7% in April) citing a worsening external environment; FY26 is projected at 6.7%.

Source: www.adb.org

Q3) Which entity received SEBI’s Certificate of Registration (effective 1 July 2025) to operate as both stockbroker and clearing member?

(a) Paytm Money Markets Ltd
(b) Razorpay Securities Pvt Ltd
(c) PhonePe Wealth Broking Pvt Ltd
(d) MobiKwik Securities Broking Pvt Ltd

Explanation: SEBI issued a Certificate of Registration to MobiKwik Securities Broking Pvt Ltd (MSBPL)—a wholly owned subsidiary of One MobiKwik Systems Ltd. The licence permits MSBPL to buy, sell, and deal in securities and clear/settle trades under the Stock Brokers Regulations, 1992. MobiKwik CEO — Bipin Preet Singh; SEBI Chairperson — Madhabi Puri Buch.

Source: nsearchives.nseindia.com

Q4) In July 2025, which pair signed an MoU to strengthen internal audit and governance standards in India’s Urban Cooperative Banks (UCBs)?

(a) NUCFDC & IIA India
(b) SIDBI & IRDAI
(c) NAFSCOB & RBI
(d) NABARD & ICAI

Explanation: NUCFDC (National Urban Cooperative Finance & Development Corporation) and IIA India (Institute of Internal Auditors India) inked an MoU in Mumbai in July 2025 to roll out globally benchmarked audit and risk frameworks for UCBs, The pact was signed by CEOs Prabhat Chaturvedi (NUCFDC) and K. V. Mukundan (IIA India).

Source: bfsi.economictimes.indiatimes.com

Q5) In July 2025, India Ratings & Research (Ind-Ra) revised India’s FY26 GDP growth forecast to what level?

(a) 6.5%
(b) 6.3%
(c) 6.0%
(d) 6.8%

Explanation: India Ratings & Research (Ind-Ra)’s mid-year outlook on 23 Jul 2025 cut the FY26 GDP growth projection by 30 bps to 6.3% (from 6.6% earlier). The note cites that “headwinds are greater than tailwinds,” and projects average inflation near 3% in FY26, Ind-Ra Chief Economist Devendra Kumar Pant.

Source: www.moneycontrol.com

Q6) As per Tracxn’s Geo Semi-Annual India FinTech Report (H1 2025), what was India’s global rank in fintech startup funding?

(a) 4th
(b) 2nd
(c) 1st
(d) 3rd

Explanation: India placed 3rd globally in H1-2025 fintech funding behind the US and UK—raising $889 million (a 26% drop vs H2-2024 and 5% YoY); early-stage funding was $361 million.

Source: w.tracxn.com

Q7) RBI withdrew the Corrective Action Plan (CAP) from which NBFC after noting compliance with CAP conditions and a change in management/directors?

(a) Shriram Finance
(b) Bajaj Finance
(c) Tata Capital Financial Services
(d) Religare Finvest Limited (RFL)

Explanation: RBI removed CAP on Religare Finvest Limited (RFL) after noting compliance with CAP conditions and changes in management/directors

Source: nsearchives.nseindia.com

Q8) Which Goa-based fintech received RBI’s final authorisation in June 2025 to operate as an online Payment Aggregator?

(a) PayG
(b) Xflow
(c) Getepay
(d) Instifi

Explanation: On 27 June 2025, Instifi received RBI’s final authorisation to operate as a licensed online Payment Aggregator, it is the only Goa-based company with this approval. CEO — Prakash Ravindran; Co-founder — Mohit Aggarwal.

Q9) On SBI’s 70th anniversary (1 July 2025), what target did it set under its Solar Rooftop Programme?

(a) Solarise 5 million homes by FY27
(b) Solarise 3 million homes by FY27
(c) Solarise 4 million homes by FY27
(d) Solarise 2 million homes by FY27

Explanation: SBI announced a Solar Rooftop Programme to solarise 4 million homes by FY27. As part of the same roadmap, SBI also announced a mission to plant 9 lakh trees in the Cauvery basin. Leadership cue: SBI Chairman — C. S. Setty.

Source: www.ndtvprofit.com

Q10) For July–December 2025, at what rate did RBI keep the coupon on its *Floating Rate Savings Bonds, 2020 (Taxable)*?

(a) 7.85%
(b) 7.70%
(c) 8.05%
(d) 8.35%

Explanation: RBI kept the coupon on FRSB 2020 (T) unchanged at 8.05% for the period Jul 01–Dec 31, 2025, payable on Jan 01, 2026; the rate equals NSC 7.70% + 0.35%.

Source: docs.publicnow.com

Q11) For July–December 2025, what is the coupon on the RBI’s Floating Rate Savings Bonds, 2020 (Taxable) [FRSB 2020 (T)], and when is the next interest payout?

(a) 7.70%; 1 Jan 2026
(b) 8.15%; 1 Jul 2025
(c) 8.05%; 1 Jul 2026
(d) 8.05%; 1 Jan 2026

Explanation: The Floating Rate Savings Bonds(FRSB) 2020 (T) coupon is 8.05% for Jul–Dec 2025, with the next payout on 1 Jan 2026. The rate is NSC + 0.35%, it resets every six months, and interest is paid Jan 1 and Jul 1 (tenor 7 years; early exit only for specified senior-citizen cases). RBI Governor — Shaktikanta Das.

Q12) On 24 July 2025, which bank launched India’s first-ever **biometric authentication** for e-commerce card transactions (with partners *M2P* and *MinkasuPay*)?

(a) Federal Bank
(b) Axis Bank
(c) HDFC Bank
(d) IndusInd Bank

Explanation: Federal Bank rolled out biometric checkout for online card payments, letting customers use fingerprint/Face ID instead of OTPs; it’s RBI 2FA–compliant and trims checkout to about 3–4 seconds. MD & CEO KVS Manian.

Source: www.federalbank.co.in

Q13) From when did RBI extend interbank call money market trading hours to 7:00 PM, and what are the new hours?

(a) 01 Aug 2025; 10:00 AM–7:00 PM
(b) 01 Jul 2025; 9:00 AM–7:00 PM
(c) 15 Jul 2025; 9:30 AM–7:30 PM
(d) 01 Jun 2025; 8:00 AM–6:00 PM

Explanation: RBI extended call money trading by 2 hours to 9:00 AM–7:00 PM effective 1 July 2025; additionally, market repo and tri-party repo (TREPS) will close at 4:00 PM from 1 August 2025. Governor: Shaktikanta Das.

Source: www.reuters.com

Q14) Which company launched India’s first UPI-powered bank branch in July 2025 alongside a RuPay-based UPI credit card?

(a) Airtel Payments Bank
(b) slice
(c) Scapia (with Federal Bank)
(d) PhonePe

Explanation: On 1 July 2025, slice unveiled a UPI-powered physical bank branch in Koramangala, Bengaluru and introduced its UPI credit card with zero joining/annual fee. The branch features a UPI ATM for deposits and withdrawals. MD & CEO — Satish Kumar Kalra; Founder & Executive Director — Rajan Bajaj.

Source: www.prnewswire.com

Q15) Which bank launched the digital platform “INDIE for Business” on 1 July 2025 to empower MSMEs with unified banking?

(a) Axis Bank
(b) IndusInd Bank
(c) Kotak Mahindra Bank
(d) HDFC Bank

Explanation: On 1 July 2025, IndusInd Bank unveiled INDIE for Business, a digital-first MSME platform that brings payments, loans, collections, and account insights into one interface aimed at India’s 60+ million MSMEs. MD & CEO (Aug 2025) Rajiv Anand.

Q16) On 21 July 2025, which body did LIC sign an MoU with to promote the Bima Sakhi Yojana in rural areas?

(a) Department of Financial Services, Ministry of Finance
(b) Department of Rural Development, Ministry of Rural Development (DoRD, MoRD)
(c) NABARD
(d) NITI Aayog

Explanation: LIC signed the MoU with Department of Rural Development, Ministry of Rural Development (DoRD, MoRD) at the Anubhuti National Conclave on Financial Inclusion in Goa. The Bima Sakhi Yojana is a performance-oriented stipendiary agency pathway for women in which monthly stipends are ₹7,000 in year 1, ₹6,000 in year 2, and ₹5,000 in year 3, subject to conditions. The initiative aligns with DAY-NRLM goals and aims to strengthen women’s participation in insurance while supporting rural household incomes.

Source: licindia.in

Q17) As per the World Bank’s Global Findex 2025, what was India’s financial account ownership in 2024?

(a) 89%
(b) 95%
(c) 83%
(d) 76%

Explanation: The Global Findex 2025 notes India’s adult account ownership at 89% in 2024, reflecting sustained gains in financial inclusion. The report is the World Bank’s flagship survey on access and use of financial services, and India’s improvement aligns with ongoing inclusion initiatives that aim to boost active use as well.

Source: www.worldbank.org

Q18) In July 2025, which option correctly states location of India’s largest standalone BESS with IndiGrid?

(a) Maharashtra
(b) Rajasthan
(c) Tamil Nadu
(d) Gujarat

Explanation: IFC committed Rs 460 crore (~USD 55 million) to IndiGrid via long-term financing to build a 180 MW/360 MWh standalone BESS in Gujarat. The deal includes $38.5m from IFC’s own account + $16.5m from the Clean Technology Fund and targets grid stability and peak-demand support. Harsh Shah Managing Director, IndiGrid, and Imad N Fakhoury IFC Regional Director for South Asia.

Source: www.ifc.org

Q19) As per NSE data (July 2025), which state became the 3rd in India to cross 1 crore registered stock market investors?

(a) Karnataka
(b) Tamil Nadu
(c) Gujarat
(d) West Bengal

Explanation: NSE data confirms that Gujarat crossed 1 crore registered investors, after Maharashtra and Uttar Pradesh. Together these three states account for 36% of India’s total investor base, with India at about 11.5 crore registered investors as of May 2025. NSE MD & CEO — Ashishkumar Chauhan.

Source: ddnews.gov.in

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