1. The Union Cabinet approved the Credit Guarantee Scheme for Exporters (CGSE) to support which of the following?
A) Only MSME exporters
B) Only large exporters
C) Both MSMEs and non-MSMEs
D) Only public sector exporters
Answer: C) Both MSMEs and non-MSMEs
Explanation: CGSE aims to enhance export credit availability for all eligible exporters — including MSMEs and non-MSMEs.
2. RBI imposed a monetary penalty of ₹3.10 lakh on which company for regulatory non-compliance?
A) Paytm Payments Bank
B) Mannakrishna Investments Pvt Ltd
C) Cholamandalam Finance
D) Bajaj Capital
Answer: B) Mannakrishna Investments Pvt Ltd
Explanation: RBI penalised Mannakrishna Investments for violating NBFC regulations.
3. RBI’s All-India House Price Index (HPI) growth for Q2 FY26 stood at:
A) 7%
B) 5.4%
C) 2.2%
D) 9%
Answer: C) 2.2%
Explanation: This is significantly lower than the 7% growth recorded the previous year.
4. Tata Realty & Infrastructure Ltd signed a ₹1,280 crore green loan with which bank?
A) SBI
B) HDFC Bank
C) DBS Bank India
D) Standard Chartered
Answer: C) DBS Bank India
Explanation: The loan will develop Intellion Park in Gurugram.
5. NBBL launched “Banking Connect” to simplify which service?
A) Export financing
B) Online merchant net banking payments
C) UPI Lite
D) Credit card onboarding
Answer: B) Online merchant net banking payments
Explanation: The interoperable platform enables biometric login and real-time RBI monitoring.
6. ADB approved USD 475.8 million for which region of India?
A) Western Region
B) Northeast India
C) Central India
D) Southern Region
Answer: B) Northeast India
Explanation: The loan supports healthcare, ecotourism, and livelihood development.
7. IMF graded India’s national accounts statistics as:
A) A
B) B
C) C
D) D
Answer: C) C
Explanation: ‘C’ is the second-lowest grade, indicating methodological gaps.
8. Indian banks implemented SWIFT ISO 20022 standards before which deadline?
A) 1 January 2026
B) 22 November 2025
C) 31 December 2025
D) 30 September 2025
Answer: B) 22 November 2025
Explanation: India achieved full compliance ahead of the global deadline.
9. Cyclone Ditwah formed in which water body?
A) Arabian Sea
B) Bay of Bengal
C) Indian Ocean
D) South China Sea
Month: Current Affairs - December 02, 2025
Category: