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Question 61

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

In March 2025, a powerful 7.7 magnitude earthquake struck Myanmar, causing massive destruction and requiring urgent international humanitarian support. India responded swiftly with search and rescue teams, medical units, and relief supplies transported by air and sea as part of a coordinated Humanitarian Assistance and Disaster Relief (HADR) mission. What was the official name given to this Indian relief operation for Myanmar?

  1. AOption (a)

    Operation Sagar

  2. BOption (b)

    Operation Mitra

  3. COption (c)

    Operation Brahma

  4. DOption (d)

    Operation Maitri-II

  5. EOption (e)

    Operation Karuna

View answer & explanation

Correct answer

Answer: (c)C.

Operation Brahma

Why this answer is correct

The correct answer is Operation Brahma.

In News

  • India launched 'Operation Brahma' to assist Myanmar after the 7.7 magnitude earthquake in March 2025.

Key Points

  • A 7.7 magnitude earthquake struck Myanmar on 28 March 2025, causing extensive casualties and infrastructure damage.
  • Government of India launched dedicated HADR mission named Operation Brahma to support quake-hit areas.
  • National Disaster Response Force teams and Indian Army field hospital units deployed for rescue and medical support.
  • Indian Air Force C-130J and C-17 aircraft airlifted personnel, medical equipment, and relief material to Nay Pyi Taw and Yangon.
  • Specialized medical task forces delivered trauma care, emergency surgeries, and essential health services to civilians.
  • Indian Navy ships sailed with relief consignments, reinforcing India's Neighbourhood First and HADR commitment.
  • Ministry of External Affairs coordinated multi-agency response with Integrated Defence Staff, NDRF, Army, Air Force, and Navy.

Additional Information

  • HADR operations involve rapid deployment of military and civilian assets for humanitarian assistance and disaster relief.
  • India conducted previous HADR missions like Operation Maitri for Nepal earthquake 2015 and Operation Dost for Türkiye-Syria earthquake 2023.
  • MEA acts as nodal body coordinating with foreign governments during overseas disaster relief efforts.
  • Such operations deepen strategic and people-to-people ties with neighbouring countries beyond immediate relief.

Question 62

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

In 2024, BRICS created "partner countries" category to expand engagement with Global South nations from Asia, Africa, and Latin America without full membership. Which country is not among BRICS partner countries under this arrangement?

  1. AOption (a)

    Belarus

  2. BOption (b)

    Bolivia

  3. COption (c)

    Cuba

  4. DOption (d)

    Indonesia

  5. EOption (e)

    Venezuela

View answer & explanation

Correct answer

Answer: (e)E.

Venezuela

Why this answer is correct

The correct answer is Venezuela.

In News

  • BRICS identified new "partner countries" as part of expansion and Global South outreach strategy.

Key Points

  • BRICS leaders at Kazan summit approved partner countries: Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda, Uzbekistan from 1 January 2025.
  • Extended invitees included Algeria, Nigeria, Türkiye, and Vietnam for potential partner status consideration.
  • Venezuela did not feature in final partner country list despite interest, due to internal discussions and veto concerns.
  • Partner-country mechanism enables closer economic-political engagement without core membership expansion.
  • Partner countries significantly boost BRICS' global GDP, population, and commodity resources share.
  • Initiative underscores BRICS' role as major Global South voice in international governance forums.
  • Kazan Declaration formalised partner country concept and future engagement criteria.

Additional Information

  • BRICS originally comprised Brazil, Russia, India, China, South Africa; now includes additional full members.
  • Partner status serves as stepping stone toward deeper BRICS institutional-financial cooperation.
  • Expansion reflects geopolitical shifts as emerging economies seek alternatives to Western-led institutions.
  • BRICS mechanisms include New Development Bank and Contingent Reserve Arrangement.

Question 63

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

Production Linked Incentive schemes boosted India's electronics manufacturing significantly. Domestic production of electronic goods rose from Rs 1.90 lakh crore in FY 2014-15 to what level in FY 2023-24?

  1. AOption (a)

    Rs 4.50 lakh crore

  2. BOption (b)

    Rs 9.52 lakh crore

  3. COption (c)

    Rs 6.75 lakh crore

  4. DOption (d)

    Rs 8.20 lakh crore

  5. EOption (e)

    Rs 10.00 lakh crore

View answer & explanation

Correct answer

Answer: (b)B.

Rs 9.52 lakh crore

Why this answer is correct

The correct answer is Rs 9.52 lakh crore.

In News

  • Government reported sharp increase in domestic electronic goods production under PLI and electronics policies.

Key Points

  • Electronics Component Manufacturing Scheme expanded India's electronics manufacturing base significantly.
  • Domestic production grew from Rs 1.90 lakh crore in FY 2014-15 to Rs 9.52 lakh crore in FY 2023-24.
  • Growth reflects compound annual growth rate exceeding 17% over the period.
  • Electronic goods exports rose from Rs 0.38 lakh crore in FY 2014-15 to Rs 2.41 lakh crore in FY 2023-24.
  • Government targets enhanced value addition, reducing import dependence on PCBs, display modules, passive components.
  • New PLI incentives expected to attract investments and generate direct-indirect employment in electronics.
  • Industry projects combined domestic-export electronics market reaching USD 400 billion by 2030.

Additional Information

  • PLI schemes provide output-linked incentives for achieving production-investment thresholds.
  • Ministry of Electronics & IT (MeitY) nodal ministry for electronics manufacturing schemes.
  • India emerging major hub for mobile phone manufacturing within electronics value chain.
  • Component manufacturing critical for localisation and better high-tech trade balances.

Question 64

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

In March 2025, the Government of India established the Inter-Ministerial-Industry Committee on Fintech (IMICF) to address regulatory challenges, strategic roadmap, and global practices in fintech sector involving multiple ministries and stakeholders. Who was appointed to chair this important IMICF committee?

  1. AOption (a)

    Finance Secretary, Ministry of Finance

  2. BOption (b)

    Nagaraju Maddirala, Secretary DFS

  3. COption (c)

    Governor, Reserve Bank of India

  4. DOption (d)

    CEO, NITI Aayog

  5. EOption (e)

    Chairperson, SEBI

View answer & explanation

Correct answer

Answer: (b)B.

Nagaraju Maddirala, Secretary DFS

Why this answer is correct

The correct answer is Nagaraju Maddirala, Secretary DFS.

In News

  • The government set up the Inter-Ministerial-Industry Committee on Fintech chaired by Nagaraju Maddirala in March 2025.

Key Points

  • Nagaraju Maddirala, Secretary of the Department of Financial Services, was appointed as Chairman of IMICF to oversee the fintech regulatory framework.
  • The committee examines the impact of fintech innovations on banking, payments, lending, insurance, and capital markets comprehensively.
  • IMICF identifies regulatory gaps, data privacy concerns, cybersecurity risks, and consumer protection challenges in digital finance.
  • Mandate includes studying global best practices from jurisdictions like Singapore, UK, EU for balanced fintech regulation.
  • Composition features senior officials from RBI, SEBI, IRDAI, MeitY, and leading fintech industry representatives.
  • Committee develops long-term strategy promoting innovation while ensuring financial stability and customer safeguards.
  • Recommendations expected to shape India's Digital India, UPI ecosystem, and open banking architecture evolution.

Additional Information

  • Department of Financial Services oversees Public Sector Banks, Insurance Companies, and Pension Funds regulation.
  • The fintech ecosystem valuation exceeded USD 100 billion with 10,000+ registered entities in India.
  • IMICF addresses regulatory sandbox expansion, cross-border data flows, AI governance in finance.
  • Secretary DFS coordinates with the Financial Stability Development Council on systemic risk matters.

Question 65

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

In September 2024, India-US conducted the largest joint military drill at Mahajan Field Firing Ranges, Rajasthan to enhance interoperability, counter-terrorism under the UN mandate. Name this bilateral army exercise?

  1. AOption (a)

    Vajra Prahar

  2. BOption (b)

    Tiger Triumph

  3. COption (c)

    Yudh Abhyas

  4. DOption (d)

    Cope India

  5. EOption (e)

    Shatrujeet

View answer & explanation

Correct answer

Answer: (c)C.

Yudh Abhyas

Why this answer is correct

The correct answer is Yudh Abhyas.

In News

  • 20th edition India-US joint military exercise held in Rajasthan's Mahajan sector September 2024.

Key Points

  • Bilateral exercise was the 20th edition of Indo-US Army exercise "Yudh Abhyas" at Mahajan Field Firing Range, Bikaner.
  • 600 soldiers each participated, making it one of the largest joint drills between countries.
  • Focused improving interoperability in high-intensity operations, counter-terrorism, UN peacekeeping scenarios.
  • Advanced weapon systems showcased: US HIMARS rocket system, India's modern platforms.
  • Previous editions held in Alaska (2023), Auli Uttarakhand (2022), diverse terrains.
  • Exercise strengthened defence cooperation, strategic partnership amid evolving security challenges.
  • Mahajan range under South Western Command provides realistic live-fire manoeuvre training.

Additional Information

  • Yudh Abhyas annual army-to-army exercise alternately hosted by India-US.
  • Vajra Prahar focuses special forces; Yudh Abhyas involves larger conventional formations.
  • Field firing ranges provide realistic conditions for live-fire manoeuvre training.
  • Joint exercises standardise procedures, improve multinational operations response.

Question 66

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

In March 2025, Ministry of Health and Family Welfare launched Zoowin Portal to strengthen zoonotic disease surveillance, integrating human-animal health data for early warning systems. Which international organisation co-developed this important digital health platform with Indian government?

  1. AOption (a)

    WHO

  2. BOption (b)

    FAO

  3. COption (c)

    UNDP

  4. DOption (d)

    UNICEF

  5. EOption (e)

    World Bank

View answer & explanation

Correct answer

Answer: (c)C.

UNDP

Why this answer is correct

The correct answer is UNDP.

In News

  • Ministry of Health launched the Zoowin Portal co-developed with UNDP for zoonotic disease monitoring in March 2025.

Key Points

  • United Nations Development Programme (UNDP) partnered with the Ministry of Health and Family Welfare to co-develop the Zoowin Portal for integrated zoonoses surveillance.
  • Portal connects human health, animal health, and wildlife departments through a real-time data sharing platform.
  • Enables early detection of emerging zoonotic threats like avian influenza, Nipah virus, monkeypox outbreaks.
  • Features AI-driven analytics, geospatial mapping, risk prediction models for One Health approach implementation.
  • Supports National Centre for Disease Control, ICMR, Animal Husbandry departments with interoperable dashboards.
  • Strengthens India's preparedness following COVID-19 lessons on zoonotic spillover prevention.
  • Portal facilitates cross-sectoral coordination essential for antimicrobial resistance surveillance too.

Additional Information

  • One Health approach integrates human, animal, and environmental health for pandemic prevention.
  • Zoonotic diseases constitute 75% emerging infectious diseases including Ebola, SARS, COVID-19.
  • UNDP supports India's digital health transformation through various development partnerships.
  • National Action Plan for Prevention-Control Zoonoses guides India's multi-sectoral response.
  • UNDP
  • Established in - 1965
  • HQ - New York

Question 67

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

Consider the following statements regarding the SBI Research Report on 10 years of Pradhan Mantri Mudra Yojana (PMMY). Which of them are correct?

  1. Bihar has the highest number of PMMY women entrepreneurs, followed by Tamil Nadu and West Bengal.
  2. Maharashtra has the highest percentage of women MUDRA account holders.
  3. Out of the 52 crore MUDRA accounts opened, 20% fall under the Shishu category.
  1. AOption (a)

    1 only

  2. BOption (b)

    2 only

  3. COption (c)

    3 only

  4. DOption (d)

    1 and 3 only

  5. EOption (e)

    1 and 2 only

View answer & explanation

Correct answer

Answer: (e)E.

1 and 2 only

Why this answer is correct

The correct answer is 1 and 2 only.

In News

  • In April 2025, the State Bank of India (SBI) released a report titled “The PMMY: A Decade of Audacious Dreams: Bolder, Bigger and Indeed Beautiful” marking 10 years of Pradhan Mantri Mudra Yojana (PMMY).

Key Points

  • Bihar has the highest number of PMMY women entrepreneurs at 4.2 crore, followed by Tamil Nadu (4.0 crore) and West Bengal (3.7 crore).
  • Maharashtra has the largest share of women account holders (79%), followed by Jharkhand (75%) and West Bengal (73%).
  • Out of 52 crore MUDRA accounts opened over the past decade: 78% are Shishu, 20% are Kishor, and 2% are Tarun/Tarun Plus.
  • The share of MUDRA loans in Bihar, Uttar Pradesh, Odisha, and North-east has significantly increased, indicating improved financial inclusion.

Additional Information

  • Pradhan Mantri Mudra Yojana (PMMY)
  • Launched in 2015 to provide microfinance to non-corporate small businesses.
  • Offers three categories of loans: Shishu (up to ₹50,000), Kishor (₹50,001–₹5 lakh), and Tarun (₹5 lakh–₹10 lakh).
  • SBI Research Findings (2025)
  • Reported a shift towards more inclusive credit access across underbanked regions.
  • Highlighted the pivotal role of women entrepreneurs in PMMY’s success story.
  • Women in PMMY
  • Women make up a significant portion of MUDRA borrowers, especially in states like Bihar, Tamil Nadu, and West Bengal.

Question 68

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

During the Budget 2025-2026 presentation, the Finance Minister announced the Urban Challenge Fund to support "Cities as Growth Hubs", creative redevelopment, and water-sanitation projects. What total corpus was allocated for this transformative Urban Challenge Fund?

  1. AOption (a)

    Rs 25,000 crore

  2. BOption (b)

    Rs 50,000 crore

  3. COption (c)

    Rs 75,000 crore

  4. DOption (d)

    Rs 1 lakh crore

  5. EOption (e)

    Rs 1.5 lakh crore

View answer & explanation

Correct answer

Answer: (d)D.

Rs 1 lakh crore

Why this answer is correct

The correct answer is Rs 1 lakh crore.

In News

  • Budget 2025-26 announced the Rs 1 lakh crore Urban Challenge Fund for cities as growth hubs.

Key Points

  • Finance Minister proposed Rs 1 lakh crore Urban Challenge Fund financing up to 25% cost of eligible bankable city projects.
  • Fund supports "Cities as Growth Hubs", creative redevelopment initiatives, and water-sanitation infrastructure development.
  • Minimum 50% project cost raised through municipal bonds, bank loans, public-private partnerships ensuring market discipline.
  • Initial Rs 10,000 crore allocation made for FY 2025-26 to operationalise fund immediately.
  • Incentivises urban local bodies to undertake governance reforms, improve creditworthiness for market borrowings.
  • Strategy positions Indian cities as engines of economic growth, employment generation, innovation hubs.
  • Complements AMRUT, Smart Cities Mission focusing on sustainable urban transformation.

Additional Information

  • Urban Challenge Fund encourages competitive reform-oriented behaviour among cities.
  • Municipal bonds issued by creditworthy cities like Indore, Bhopal gaining investor confidence.
  • PPP models leverage private sector efficiency for urban infrastructure delivery.
  • Water-sanitation investments contribute directly to SDG 6 and urban livability.

Question 69

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

The Union Cabinet approved amendments to banking laws modernising the nomination framework for deposits and lockers effective November 2025. Under revised rules, what maximum number of nominees are permitted for Fixed Deposit account?

  1. AOption (a)

    1 nominee

  2. BOption (b)

    2 nominees

  3. COption (c)

    3 nominees

  4. DOption (d)

    4 nominees

  5. EOption (e)

    5 nominees

View answer & explanation

Correct answer

Answer: (d)D.

4 nominees

Why this answer is correct

The correct answer is 4 nominees.

In News

  • Banking Laws Amendment allows up to 4 nominees for deposit accounts from November 1, 2025.

Key Points

  • Amended provisions effective 1 November 2025 permit up to 4 nominees for bank deposits including fixed deposits, savings accounts.
  • Nominations are made simultaneously with specified percentage shares or successively with priority order.
  • Simultaneous nominations require total shares of all nominees equalling 100% claim amount precisely.
  • Successive nominations activate next nominee only if previous nominee unable or unwilling to claim.
  • Revised framework speeds claim settlement, reduces disputes through clearer succession arrangements.
  • Banks updating systems, forms capturing multiple nominees and respective percentage entitlements.
  • Applies uniformly to deposits, safe custody articles, safe deposit lockers uniformly.

Additional Information

  • Nomination simplifies settlement but doesn't override legal succession rights under personal laws.
  • Customers modify/cancel nominations submitting fresh forms during lifetime.
  • Multiple nominees reduce concentration risk, potential conflicts among legal heirs.
  • Clear nomination records enable faster claim processing without extensive documentation.

Question 70

SBI Probationary Officer (PO) 2025• General/ Economy/ Banking Awareness

RBI circular dated 28 March 2025 rationalised ATM cash withdrawal charges beyond free usage limits effective 1 May 2025. What maximum fee permitted per additional ATM transaction beyond the free limit?

  1. AOption (a)

    Rs 15

  2. BOption (b)

    Rs 18

  3. COption (c)

    Rs 20

  4. DOption (d)

    Rs 21

  5. EOption (e)

    Rs 23

View answer & explanation

Correct answer

Answer: (e)E.

Rs 23

Why this answer is correct

The correct answer is Rs 23.

In News

  • RBI capped ATM transaction fees at Rs 23 beyond free usage limits from May 1, 2025.

Key Points

  • RBI circular 28 March 2025 revised ceiling for ATM cash withdrawal charges beyond free transactions to Rs 23 plus taxes.
  • Cap applies uniformly to transactions at bank ATMs and white-label ATM operators nationwide.
  • Free usage framework maintained: minimum 5 own-bank ATM transactions, 3-5 other-bank ATMs monthly.
  • Banks free to charge lower fees based on customer relationships, pricing strategies flexibly.
  • RBI periodically reviews charges balancing operator cost recovery with customer protection imperatives.
  • Circular mandates transparent charge disclosure in statements, ATM screens for customer awareness.
  • Non-financial transactions like balance enquiry attract separate lower fee structure.

Additional Information

  • ATM regulations under RBI Payment Settlement Systems oversight framework.
  • White-label ATMs operated by non-bank entities authorised by RBI specifically.
  • Customer awareness prevents unexpected charges, reduces banking grievances effectively.
  • UPI transactions complement ATM ecosystem reducing physical cash dependency.
  • RBI
  • Established in - 1935
  • HQ - Mumbai
  • Governor - Sanjay Malhotra