Introduction: Quiz on Economy and Business 2025
Are you preparing for competitive exams? Check this Quiz on Economy and Business 2025 to stay updated with the latest developments in R&D, banking, energy, and financial policies.
1. What was launched by the Principal Scientific Adviser (PSA) to boost innovation in R&D organizations?
The “Evaluation of Innovation Excellence Indicators of Public Funded R&D Organisations” report was launched to benchmark innovation performance.
2. Who unveiled the innovation evaluation report at the CII Global Innovation Summit 2025?
Prof. Ajay Kumar Sood, the Principal Scientific Adviser, unveiled the report.
3. What are the six key dimensions of the R&D innovation evaluation framework?
Research output, technology transfer, collaborations, IP generation, societal impact, and human resource development.
4. Which organizations partnered in the R&D innovation assessment study?
CII and CTIER (Centre for Technology, Innovation, and Economic Research) were knowledge partners.
5. Why did IndusInd Bank’s CEO Sumant Kathpalia resign?
He resigned due to derivatives accounting lapses that impacted the bank’s net worth.
6. What was the financial impact of IndusInd Bank’s incorrect accounting practices?
It led to a Rs 1,959.98 crore loss in the profit and loss account.
7. Which audit firm investigated IndusInd Bank’s derivatives discrepancies?
Grant Thornton Bharat conducted the forensic audit.
8. What change did Maharashtra’s electricity regulator introduce for commercial consumers?
kVAh billing replaced kWh billing to account for both active and reactive power.
9. How can consumers reduce electricity bills under kVAh billing?
By maintaining a high Power Factor (close to 1.0) using capacitor banks or APFC panels.
10. What is the benefit of kVAh billing for the power grid?
It reduces energy wastage, improves efficiency, and ensures better grid reliability.
11. What scheme did Union Minister Pralhad Joshi launch for green hydrogen?
The Green Hydrogen Certification Scheme to ensure transparency in production.
12. Why are MSMEs crucial for India’s green hydrogen mission?
They drive localised solutions and innovation in the green hydrogen ecosystem.
13. Which ministry is implementing the National Green Hydrogen Mission?
The Ministry of New and Renewable Energy (MNRE) is overseeing the mission.
14. What partnership did India Post establish for mutual fund investors?
It partnered with SBI Funds Management Limited (SBIFM) for doorstep KYC services.
15. How will India Post’s KYC service benefit rural investors?
It provides easy, secure KYC verification in remote areas, boosting financial inclusion.
16. What is the expected gold sales volume on Akshaya Tritiya 2025?
Around 12 tonnes of gold (worth Rs 12,000 crore) and 400 tonnes of silver (Rs 4,000 crore).
17. Why have gold prices surged in 2025?
Due to economic uncertainty, geopolitical tensions, and high crude oil prices.
18. What advice did CAIT give to gold buyers on Akshaya Tritiya?
Purchase BIS-hallmarked jewellery and obtain proper bills from trusted sellers.
19. What is the belief behind buying gold on Akshaya Tritiya?
It symbolizes prosperity and never loses value as per tradition.
20. How does the Green Hydrogen Certification Scheme promote sustainability?
By ensuring traceability and credibility in green hydrogen production.
21. What was RBI’s role in the IndusInd Bank derivatives issue?
It ordered a forensic audit and approved a committee to oversee CEO responsibilities.
22. What is the purpose of Automatic Power Factor Correction (APFC) systems?
They reduce reactive power consumption, lowering electricity bills under kVAh billing.
23. How does kVAh billing promote energy efficiency?
By penalizing low Power Factor, encouraging better energy usage.
24. What is the Jan Nivesh initiative linked to India Post’s KYC service?
It aims to increase financial inclusion by simplifying mutual fund investments.
25. What was the previous gold price in 2024 compared to 2025?
2024: ~Rs 73,500/10g; 2025: ~Rs 1,00,000/10g.
26. How does reactive power affect electricity consumption?
It doesn’t perform useful work but increases energy wastage.
27. What is the ideal Power Factor for efficient electricity usage?
Close to 1.0, indicating minimal reactive power wastage.
28. Why did RBI shorten IndusInd Bank CEO’s tenure earlier?
Due to governance and financial reporting concerns.
29. What are the key components of India’s green hydrogen ecosystem?
Electrolysers, biomass conversion, and MSME-driven R&D.
30. How does India Post’s network aid financial inclusion?
With 1.64 lakh post offices, it reaches remote areas for KYC and investment services.
Quiz on Economy and Business 2025: Conclusion
This Quiz on Economy and Business 2025 covers crucial updates on R&D, banking, energy policies, and financial reforms. Stay informed to ace your exams!
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