Current Affairs

GK MCQs Section

Topic: Foreign exchange

Pakistan receives $700 million from China

The foreign exchange reserves of Pakistan fell to 2.9 billion USD. It is now slowly rising to 4 billion USD. The cash injection was the need of the...

February 25, 2023

PhonePe launches cross-border transaction facility

The Phone Pe app was developed based on Unified Payments Interface. It is now owned by Flipkart (A subsidiary of a US Company called Walmart). The headquarters of...

February 8, 2023

T+1 Settlement Cycle

When an investor is buying or selling shares he uses Depository organizations. There are two depository organizations in India. They are NSDL and CDSL. The investors shall buy...

January 27, 2023

National Tourism Day: January 25

The Government of India is celebrating this year National Tourism Day at Pochampally of Telangana. In 2021, the United Nations World Tourism Organization selected the village as one...

January 25, 2023

SCO Meet: India invites Pakistan, China

The Shanghai Cooperation Meet is to be held in August 2023 under India’s chairmanship. 2023 is India’s year as the country is hosting two major international meets the...

January 25, 2023

RBI’s Digital Payment Index

The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021...

January 20, 2022

US Treasury report: India placed on currency watch list

The United States recently released its report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. The report reviewed currency practices of the...

April 17, 2021

Currency Manipulator

The United States has again included India in its monitoring list of countries. These countries are with potential of “Currency Manipulation” and “Questionable Foreign Exchange Policies”. What is...

December 19, 2020

First Time India’s Forex Reserves crosses USD 450 billion

India’s foreign exchange reserves have crossed the USD 450 billion mark for the first time on 3rd December 2019. The Reserve Bank of India Governor, Shaktikant Das in...

December 6, 2019

Short Note : E-Visa Scheme

The Union Government of India initiated the e-Visa scheme in 2014 to enable a prospective foreign tourist/visitor to apply for an Indian Visa from his/her home country online...

July 9, 2019

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