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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Banking
NUCFDC – Digital Banking for Small UCBs
Proposal to RBI: allow smaller UCBs (net worth <₹50 crore) to offer internet banking, mobile banking, UPI via centralised cyber-secured infrastructure developed by NUCFDC. Expands financial inclusion while maintaining security.
Markets
SEBI Choti SIP Framework – ₹250 SIPs
Only first 3 Choti SIPs per investor (via PAN) get subsidised transaction costs. Payment: NACH or UPI AutoPay only. Not allowed in debt, sectoral/thematic, small-cap, mid-cap schemes. Boosts retail participation.
Governance
CBFC Multilingual Module – E-Cinepramaan
Single application for all language versions of a film. Eliminates repetitive submissions for dubbed versions. Streamlines certification process for multi-language releases; certification not bypassed or automated.
Digital India
Delhi University Post Office – Gen Z Focus
Modernised under India Post initiative. Features: free Wi-Fi, dedicated student service counters, parcel packing services, discounted Speed Post. Targets Gen Z student needs on campus.
Audit & Governance
CAG Centre of Excellence – Hyderabad
National hub for financial audit excellence. Integrates data analytics, AI, and ESG into audit methodologies. Adapts global best practices for India. Moves beyond traditional sample-based audits.
Trade & GI
Basmati GI – TRIPS Not Self-Executing
New Zealand and Kenya courts ruled TRIPS is not self-executing—doesn’t automatically override domestic law. Must be implemented through national legislation. GIs can be registered as certification/collective marks under local law.
Awards
Michelle Bachelet – Indira Gandhi Peace Prize 2024
Former President of Chile and UN High Commissioner for Human Rights. Recognised for human rights, gender equality, social justice. Achievements: Ministry of Women & Gender Equality, LGBT rights, human rights bodies.
Rankings
Kantar BrandZ 2025 – HDFC Bank #1
HDFC Bank regained top spot with brand value $44.9 billion. Growth: 377% since 2014. Overtook TCS. Driven by post-merger strength, digital innovation, and consumer trust.
Markets
NCDEX – 20% Stake in Sri Lanka’s CSEDEX
Rare instance of Indian commodity exchange taking direct equity in overseas derivatives exchange. CSEDEX promoted by Colombo Stock Exchange. Expands NCDEX’s international footprint in commodity markets.
Space
PSLV N1 – First Fully Industry-Built PSLV
First PSLV fully manufactured by Indian industry consortium (HAL & L&T). Will launch Oceansat satellite. Part of ISRO commercialisation initiative—frees ISRO for advanced R&D missions.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
How many Choti SIPs per investor get subsidised costs?
First 3 Only (via PAN)
₹250 SIPs; NACH/UPI AutoPay only
Tap to Reveal
What does CBFC’s Multilingual Module enable?
Single Application for All Language Versions
E-Cinepramaan portal; streamlined certification
Tap to Reveal
Where is CAG’s Centre of Excellence for Financial Audit?
Hyderabad
AI, data analytics, ESG integration
Tap to Reveal
Is WTO TRIPS self-executing according to NZ/Kenya courts?
No – Needs National Legislation
Basmati GI case; doesn’t override domestic law
Tap to Reveal
What stake is NCDEX acquiring in Sri Lanka’s CSEDEX?
20%
Rare overseas equity by Indian commodity exchange
Tap to Reveal
Which companies built PSLV N1?
HAL & L&T (Industry Consortium)
First fully industry-built PSLV; for Oceansat
Tap to Reveal
What is HDFC Bank’s brand value in 2025?
$44.9 Billion (#1 in India)
Kantar BrandZ; 377% growth since 2014
Tap to Reveal
What net worth limit for UCBs in NUCFDC digital proposal?
Below ₹50 Crore
For internet banking, mobile banking, UPI access
Think & Discuss
₹250 SIPs: Gateway to Financial Inclusion or Unsustainable Subsidy?
Context from today’s quiz: SEBI’s Choti SIP framework allows investments as low as ₹250 per month, with the first three SIPs per investor receiving subsidised transaction costs. Payment is restricted to NACH or UPI AutoPay, and the scheme excludes high-risk categories like small-cap, mid-cap, and sectoral funds. The goal is to bring first-time investors from smaller towns into mutual fund markets.
🤔 Your Perspective Matters
Micro-SIPs can democratize wealth creation by making mutual funds accessible to those who can only save small amounts. However, critics argue that ₹250/month may not meaningfully build wealth over time, the subsidy model isn’t sustainable at scale, and investors may not stay committed without proper financial education. AMCs and distributors also face challenges in servicing such small accounts profitably.
Are ₹250 SIPs an effective tool for financial inclusion, or do they create expectations that the mutual fund industry cannot sustainably deliver?
Are ₹250 SIPs an effective tool for financial inclusion, or do they create expectations that the mutual fund industry cannot sustainably deliver?
- Should the government or industry permanently subsidise transaction costs for small investors, or is this a short-term promotional measure?
- How can financial literacy be improved alongside micro-SIP access to ensure investors understand market risks?
- Would direct benefit transfers or tax incentives be more effective than subsidised SIPs for encouraging savings among lower-income groups?
We’d love to hear your thoughts! Share your perspective in the comments.
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