and non-transferable.
Mechanism: The eRUPI vouchers are meant to be purpose specific, prepaid digital vouchers which are not transferable so that the money is spent in the purpose of gifting.
7. Eurobank's Entry into India
Eurobank of Greece was given permission by the RBI to set its physical presence in India by opening a:
a) New Delhi full-service branch.
b) Mumbai representative office.
c) Subsidiary in Bengaluru.
d) Joint venture with an Indian state sector bank.
Response: b) Mumbai representative office.
Rationale: RBI has provided in-principle permission to open its first representative office in Mumbai by mid-December 2025 by Eurobank.
8. BOI Trade Easy Service
What is the major advantage of the 'BOI Trade Easy' platform introduced by bank of India in collaboration with Cashinvoice?
a) It provides free business consultancy services.
b) It gives loan approvals to MSMEs in less than 30 minutes.
c) It transforms the business loans to grants.
d) It permits foreign money transfers without any forex fee.
Answer: b) It grants loan approvals to MSMEs in less than 30 minutes.
Pitch: The primary advantage of the platform will be the use of automated digital assessment to shorten the process of approval of loans previously taking 15-30 days to 30 minutes only.
9. LIC's Bima Sakhi Yojana
The Bima Sakhi Yojana of the LIC, which is marketed in cooperation with the Ministry of Rural Development is directly targeted at:
a) Health insurance of aged citizens.
b) Women empowerment based on a performance based stipendiary agency career.
c) Providing crop insurance to the farmers.
d) The granting of life cover to the whole government employees.
Response: b) Empowering women with a performance based stipendiary agency career.
Pitch: The plan is a woman-focused one, which provides women with an LIC agent position with a performance-related stipend to promote financial autonomy.
10. Mahi Banswara Atomic power project.
Why is the Mahi Banswara Rajasthan Atomic power project a historic project?
a) It becomes the first nuclear station constructed in the desert of India.
b) It is the pioneer nuclear power project to be undertaken by joint venture of two CPSEs (NPCIL and NTPC).
c) It will buy French synthesized uranium.
d) It becomes the first fusion reactor project in India.
Answer: b) It is the maiden project of nuclear power done by a joint venture of two CPSEs (NPCIL and NTPC).
Rationale: The project is of historical relevance because it was the first nuclear power station in India to be established by a joint venture between two Central Public Sector Enterprises, NPCIL and NTPC, under the brand name ASHVINI.
11. JNPA's Electric Truck Fleet
What other supporting infrastructure was also ordered with the first fleet of electric heavy trucks in India at JNPA?
a) A solar power plant.
b) A battery replacement station that is heavy-duty.
c) A new container terminal.
d) A hydrogen fuel making unit.
Response: b) a battery swapping station of heavy-duty.
Rationale: In order to enable effective activities of the electric trucks with swappable batteries, a special heavy-duty battery swapping station was ordered.
12. The National Water Security Initiative.
According to the revised provisions of the MGNREGA, what is the percentage of allocation of funds to water-related works within the over-exploited blocks?
a) 30%
b) 40%
c) 65%
d) 75%
Answer: c) 65%
Explanation: In the over exploited blocks, 65 percent