BRICS Bank Current Name
The financial institution established by the BRICS states (Brazil, Russia, India, China, and South Africa) is presently known as the New Development Bank.
This name reflects the bank's primary role in financing infrastructure and sustainable development projects.
Important Questions from Financial Organisations
In 2025, which Indian regulatory body launched the 'Digital India Financial Literacy Mission' to enhance awareness about digital finance and online fraud prevention?
- Which All-India Financial Institution coordinates financing of Micro, Small and Medium Enterprises (MSME) according to the Dept of Financial Services Annual Report 2024-25 published in March 2025?
Consider the following statements regarding the Corporate Debt Market Development Fund (CDMDF) :
1. It will be established as an Alternative Investment Fund.
2. Contribution to the fund shall be mandatory for specified debt-oriented Mutual Fund Schemes and Asset Management Companies.
3. Initially, it will be established for 5 years and can be extended as per SEBI's mandate.
How many of the statements given above are correct?
- Which significant new financial institution was launched in June 2025 to support India's maritime economy?
- In which year was the National Bank for Agriculture and Rural Development (NABARD) established?
