Economy, Banking and Finance Current Affairs July 2025 Quiz (Part 5): Items from July 2025 across markets, energy storage, pensions, banking regulation, fintech, and inclusion. The table below keeps updates short and packs Facts.

Economy, Banking & Finance Current Affairs July 2025 Quiz (Part 5) — Economy, Banking and Finance Current Affairs July 2025 Quiz (Part 5)

Economy, Banking and Finance Current Affairs July 2025 Quiz (Part 5): Summary

#	Updates	Facts (Why it matters)	Authority / Leader
1	NSE starts monthly power futures	Markets/Derivatives • Trading from 14 Jul 2025 (SEBI nod 11 Jun) • Expands hedging for DISCOMs/industrials	NSE — Ashishkumar Chauhan
2	IndiGrid BESS at Sanand (GETCO)	Energy storage • 180MW/360MWh; IFC ₹460cr (~$55m) • India’s largest standalone BESS	IndiGrid — Harsh Shah; IFC — Imad N. Fakhoury
3	UPS gets NPS tax parity	Pensions/Tax • UPS = NPS benefits mutatis mutandis • Clarity for contributors	GoI; PFRDA
4	StanChart to settle USD at GIFT	Market infra • CCIL IFSC USD settlement bank • Real-time USD settlements for IBUs	Standard Chartered — P. D. Singh; CCIL IFSC — Hare Krishna Jena
5	RBI bars prepay fees (floating, non-biz)	Retail credit • No prepayment/foreclosure charges; eff. 1 Jan 2026 • Protects individual borrowers	RBI
6	#100DesiDeepTechs launched	Startup/Deep-tech • With Startup India (DPIIT), MeitY SH, IIT-M • Spotlights 100 deep-techs	Startup Policy Forum + partners
7	CareEdge Global IFSC permitted (Basel)	Banking/Risk weights • New ECAI for IFSC corporates • Wider rating options for banks	RBI; CareEdge Global IFSC
8	VCF Settlement Scheme: base ₹1L	SEBI/Scheme • Delay ≤1 yr = ₹1 lakh; slabs thereafter • Time-bound clean-up for migrated VCFs	SEBI — Madhabi Puri Buch
9	NSE 4th globally by IPO funds	Markets/IPO • $5.51bn = 8.9% of global $61.95bn (H1’25) • Venue ranking to memorise	S&P Global MI; NSE
10	KYC at 1.64L+ post offices	MF/KYC • Dept of Posts × AMFI MoU • Easier KYC for MF investors	Dept of Posts; AMFI — V. N. Chalasani
11	CPI June ’25 at 2.10%	Inflation/Macro • 2.10% (low since Jan ’19) • Below 4% target for months	NSO (MoSPI)
12	UP leads GST active taxpayers	GST/Analytics • UP 13.2% share; top-5 ≈ 50% • State-wise GST depth	SBI Research
13	NSDL Payments Bank scheduled	Banking/Status • Added to Second Schedule (Jul ’25) • LAF/MSF access, interbank ease	RBI; NSDL Payments Bank
14	Karwar UCB licence cancelled	UCB/Resolution • Bank ceased 23 Jul; DICGC ₹5L cover • Depositor safety cue	RBI; DICGC
15	MCXCCL recognition renewed	Clearing corp • Term 31 Jul 2025 → 30 Jul 2028 • Continuity for commodity clearing	SEBI; MCXCCL
16	BEML–HSL marine MoU	Defence/Shipbuilding • Co-develop next-gen marine systems • Indigenisation + lifecycle support	BEML — Shantanu Roy; HSL — Hemant Khatri
17	FI-Index Mar ’25 = 67.0	Inclusion • Up from 64.2 (Mar ’24) • Progress in access/usage/quality	RBI
18	Broker portal “Samuhik Prativedan”	Compliance tech • From 1 Aug 2025; 40 reports Phase-I • File once via single exchange	SEBI + Exchanges
19	Xflow gets PA-CB in-principle	Payments/Cross-border • PA-CB (E&I) IPA; FX AI Analyst tool • Scales regulated export/import flows	Xflow — Anand Balaji; RBI

Economy, Banking and Finance Current Affairs July 2025 Quiz (Part 5): Explanation

Q: Which bank signed on 1 July 2025 to act as the USD settlement bank for CCIL IFSC’s Foreign Currency Settlement System at GIFT City?

Standard Chartered Bank (IBU) agreed to serve as the *USD settlement bank* for CCIL IFSC Ltd (a CCIL subsidiary).

Q: What is the name of SEBI’s centralised compliance reporting platform—effective 1 Aug 2025—that lets brokers file once with a single exchange instead of multiple?

SEBI, with stock exchanges, rolled out *Samuhik Prativedan Manch*.

Economy, Banking and Finance Current Affairs July 2025 Quiz (Part 4)

Q1) As per S&P Global Market Intelligence (H1 CY2025), where did NSE rank globally by IPO fundraising?

(a) 5th
(b) 4th
(c) 4th
(d) 3rd

Explanation: NSE ranked 4th worldwide, raising USD 5.51 billion about 8.9% of the USD 61.95 billion global IPO proceeds in H1 2025. The top three venues were the Nasdaq Global Market, NYSE, and Nasdaq Global Select Market.

Q2) Which exchange began trading monthly electricity futures on 14 July 2025 after receiving SEBI approval in June 2025?

(a) Indian Energy Exchange (IEX)
(b) BSE (Bombay Stock Exchange)
(c) National Stock Exchange (NSE)
(d) MCX

Explanation: SEBI granted approval on 11 Jun 2025 and the NSE started trading monthly electricity futures on 14 Jul 2025. Cue: MCX also received a nod, but NSE’s launch date for trading was 14 July. Leadership: NSE MD & CEO Ashishkumar Chauhan.

Q3) India’s retail (CPI) inflation in June 2025 eased to what level, the lowest since January 2019?

(a) 2.10%
(b) 2.50%
(c) 2.82%
(d) 3.16%

Explanation: NSO data showed CPI inflation at 2.10% in June 2025, its lowest since Jan 2019 and the 5th straight month below RBI’s 4% medium-term target.

Source: www.reuters.com

Q4) In July 2025, what did the Government clarify about the Unified Pension Scheme (UPS) which is offered as an option under NPS?

(a) UPS withdrawals are fully tax-exempt regardless of limits
(b) Only employer contributions to UPS are tax-deductible
(c) UPS gets a separate new deduction under Section 80CCD(2P) only
(d) Tax benefits available under NPS shall apply mutatis mutandis to UPS

Explanation: The Government stated that the same tax treatment as NPS will apply to UPS (i.e., benefits mirror NPS mutatis mutandis). To operationalise UPS, PFRDA notified the Operationalisation of UPS under NPS Regulations, 2025 on 19 Mar 2025, and UPS has been introduced as an option under NPS from 01 Apr 2025.

Source: www.pib.gov.in

Q5) As per SBI Research (July 2025), which state had the highest share of active GST taxpayers?

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

Explanation: SBI’s analysis of India’s GST base shows that Uttar Pradesh leads with ~13.2% of all active GST taxpayers. The top five states — UP, Maharashtra, Gujarat, Tamil Nadu, Karnataka together account for ~50% of active taxpayers.

Source: sbi.co.in

Q6) Under RBI’s Pre-payment Charges on Loans Directions, 2025, what is the headline rule for floating-rate non-business loans to individuals?

(a) Only NBFCs barred from fees
(b) Up to 1% fee allowed
(c) Applies to all existing loans immediately
(d) No pre-payment charges on floating-rate loans to individuals for non-business purposes

Explanation: Effective Jan 1, 2026, the Directions apply to loans/advances sanctioned or renewed on/after that date and bar pre-payment/foreclosure charges on floating-rate non-business loans to individuals (irrespective of part/full prepayment, source of funds, or co-obligants). Covers all commercial banks (excl. payments banks), co-operative banks, NBFCs, and AIFIs, for business loans to individuals/MSEs, exemptions are specified by RE category and up to ₹50 lakh for SFBs/RRBs/NBFC-ML.

Source: www.fidcindia.org.in

Q7) Under SEBI’s ‘VCF Settlement Scheme 2025’, what is the base settlement amount for delay up to one year in winding up a scheme?

(a) ₹2 lakh
(b) ₹50,000
(c) ₹1 lakh
(d) ₹75,000

Explanation: The scheme runs July 21, 2025–January 19, 2026; the base amount is ₹1 lakh for up to one-year delay, with ₹50,000 extra for each subsequent year/part, a slab of ₹1–6 lakh also applies based on unliquidated corpus; application fee ₹25,000 + 18% GST. SEBI Chairperson Madhabi Puri Buch.

Source: www.moneycontrol.com

Q8) In July 2025, which fintech received RBI’s in-principle authorisation to operate as an online Payment Aggregator – Cross-Border (PA-CB) covering both export and import flows?

(a) Xflow
(b) PayU India
(c) Wise India
(d) Skydo

Explanation: Xflow got RBI’s IPA to run PA-CB and targets scaling from ~10,000 clients to 30,000 by year-end; it also introduced FX AI Analyst (AI forex tool). CEO Anand Balaji.

Source: www.ciol.com

Q9) What is the name of SEBI’s centralised compliance reporting platform effective 1 Aug 2025, that lets brokers file once with a single exchange instead of multiple?

(a) Samuhik Prativedan Manch
(b) Unified Broker Desk
(c) Saral Reporting Portal
(d) Compliance Connect

Explanation: SEBI, with stock exchanges, rolled out Samuhik Prativedan Manch from 1 Aug 2025; Phase-I covers 40 compliance reports and enables single-exchange submission for brokers registered on multiple exchanges.

Source: nsearchives.nseindia.com

Q10) In July 2025, which MoD CPSE signed an MoU with Hindustan Shipyard Limited to co-develop next-gen marine systems?

(a) Bharat Electronics Ltd
(b) Garden Reach Shipbuilders & Engineers
(c) Cochin Shipyard Ltd
(d) BEML Limited

Explanation: On 25 Jul 2025, BEML Ltd (Schedule ‘A’ CPSE, MoD) signed an MoU with Hindustan Shipyard Limited in New Delhi to co-create advanced marine systems covering innovation, indigenous design/manufacturing and end-to-end lifecycle support. Shantanu Roy (CMD, BEML) and Cmdre Hemant Khatri (Retd.) (CMD, HSL)**.

Source: www.business-standard.com

Q11) RBI’s Financial Inclusion Index (FI-Index) for March 2025 stands at ___ (vs March 2024).

(a) 67.0; 64.2
(b) 66.3; 63.3
(c) 67.5; 62.1
(d) 65.0; 63.2

Explanation: RBI reported the FI-Index (Financial Inclusion Index) at 67.0 for March 2025 (up from 64.2 in March 2024).

Source: www.business-standard.com

Q12) Regarding RBI’s action on The Karwar Urban Co-operative Bank Ltd., Karwar in July 2025, which statement is correct?

(a) Ceased banking, DICGC cover up to ₹3 lakh
(b) Ceased banking, DICGC cover up to ₹5 lakh
(c) Ceased banking, no DICGC insurance
(d) Ceased banking, DICGC cover up to ₹1 lakh

Explanation: RBI cancelled the The Karwar Urban Co-operative Bank Ltd.'s licence, and it ceased banking from close of business on 23 Jul 2025, Depositors are protected by DICGC insurance up to ₹5 lakh. RBI also cited weak capital/earnings and asked Karnataka’s Registrar of Co-operative Societies to wind up the bank and appoint a liquidator.

Source: m.economictimes.com

Q13) In July 2025, the Startup Policy Forum launched #100DesiDeepTechs. Which collaborator set named at launch is correct?

(a) NITI Aayog, CSIR & ISRO
(b) Startup India (DPIIT), MeitY Startup Hub & IIT Madras
(c) BIRAC, Atal Innovation Mission & DRDO
(d) Invest India, DSCI & IISc

Explanation: The programme was announced as a multi-stakeholder effort to identify and empower 100 top deep-tech startups, in collaboration with Startup India (DPIIT), MeitY Startup Hub, and IIT Madras partners.

Source: m.thewire.in

Q14) On 16 July 2025, SEBI renewed recognition for three years (effective 31 Jul 2025–30 Jul 2028) for which clearing corporation?

(a) NSCCL
(b) ICCL
(c) MCXCCL
(d) NICCL

Explanation: SEBI issued a Gazette notification renewing MCXCCL (Multi Commodity Exchange Clearing Corporation Ltd) to act as a clearing corporation for a three-year term 31 Jul 2025 → 30 Jul 2028. SEBI Chairperson Madhabi Puri Buch.

Source: www.sebi.gov.in

Q15) Under Basel III, which new External Credit Assessment Institution (ECAI) did RBI permit on 10 Jul 2025 for risk-weighting banks’ claims on non-resident corporates originating at IFSCs?

(a) CareEdge Global IFSC Limited
(b) ICRA Global Ratings IFSC
(c) Brickwork Ratings IFSC Ltd
(d) CRISIL Global IFSC Ltd

Explanation: RBI allowed all Scheduled Commercial Banks (excluding Local Area Banks, Payments Banks & RRBs) to use CareEdge Global IFSC Limited ratings for assigning Basel-III risk weights to claims on non-resident corporates from IFSCs, Earlier only Fitch, Moody’s, and S&P (3)were permitted.

Source: www.pdicai.org

Q16) IFC-backed IndiGrid will set up India’s largest standalone BESS (180 MW/360 MWh) at which site?

(a) Jamnagar refinery hub
(b) Sanand industrial area (GETCO substation, Charal), Gujarat
(c) Mundra SEZ, Kutch
(d) Vadodara (Makarpura)

Explanation: IFC has committed about ₹4.6 billion ($55 million) via listed NCDs to IndiGrid $38.5 m (IFC A-loan) + $16.5 m (Clean Technology Fund) for a 180 MW/360 MWh standalone BESS to be installed at the GETCO substation in the Sanand industrial area, Gujarat. The project SPV (GBPL) targets commissioning by Feb 2026.

Source: ewsdata.rightsindevelopment.org

Q17) Which bank signed on 1 July 2025 to act as the USD settlement bank for CCIL IFSC’s Foreign Currency Settlement System at GIFT City?

(a) Standard Chartered Bank
(b) JPMorgan Chase
(c) HSBC
(d) Deutsche Bank

Explanation: On 1 Jul 2025, Standard Chartered Bank agreed to serve as the USD settlement bank for CCIL IFSC Ltd (a CCIL subsidiary) at GIFT City, Gandhinagar, enabling real-time USD settlements for IBUs and improving fund-management efficiency. P. D. Singh CEO, India & South Asia, Standard Chartered; Hare Krishna Jena MD, CCIL.

Source: www.fortuneindia.com

Q18) Which payments bank received scheduled bank status from RBI in 2025 under Section 42(6)(a) of the RBI Act, 1934?

(a) Airtel Payments Bank
(b) Jio Payments Bank
(c) NSDL Payments Bank
(d) Paytm Payments Bank

Explanation: RBI included NSDL Payments Bank Ltd. in the Second Schedule via Notification issued on 19 Jun 2025 and published in the Gazette on 10 Jul 2025 thereby conferring scheduled bank status under Section 42(6)(a).

Source: www.pdicai.org

Q19) Which entities signed an MoU on 17 July 2025 to let mutual fund investors complete KYC verification at 1.64 lakh+ post offices?

(a) Department of Posts (Ministry of Communications) & AMFI
(b) RBI & Association of Investment Bankers of India
(c) Department of Financial Services & SEBI
(d) India Post Payments Bank & BSE

Explanation: The Government announced Department of Posts (Ministry of Communications) a MoU on 17-07-2025 enabling KYC verification and document collection via 1.64 lakh+ post offices; AMFI will help AMCs secure “KYC Validated” status in KRAs. AMFI Chief Executive Venkat Nageswar Chalasani.

Source: www.pib.gov.in

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