1. Who has IDFC FIRST Bank collaborated with for the “FIRST SWYP” credit card?
Answer: Mastercard.
2. What is the current level of India’s foreign exchange reserves as of December 1, 2023?
Answer: $604 billion.
3. Why did India’s foreign exchange reserves face a depletion in recent months?
Answer: Central bank intervention to defend the rupee.
4. What is the primary purpose of the Interest Equalisation Scheme recently approved by the Union Cabinet?
Answer: Facilitating export credit for identified sectors and MSMEs.
5. Which Indian state reported the highest urban youth unemployment rate in July-September 2023?
Answer: Himachal Pradesh.
6. According to the recent decision, what is the interest equalisation rate for MSME exporters?
Answer: 3%.
7. Why did India permit duty-free imports of yellow peas until March 2024?
Answer: To stabilize pulse prices and boost domestic supply.
8. What is the projected percentage increase in capital expenditure for India’s 18 largest states in FY24, as per the Crisil report?
Answer: 18-20%.
9. What is the average monthly GST collection in FY 2023-24?
Answer: Rs 1.66 trillion.
10. Which countries are major importers of non-basmati rice from India?
Answer: Benin, UAE, Nepal.
