Correct Answer : Option (D) - SBI Life Insurance

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SBI Life Insurance has inaugurated IdeationX, a groundbreaking initiative aimed at fostering life insurance innovation. This initiative encourages future leaders from top B-Schools to devise unconventional solutions that cater to evolving consumer needs in the insurance sector.

Engaging B-Schools for Innovation :

IdeationX targets students from prestigious B-Schools nationwide, urging them to think creatively and present innovative life insurance solutions.

Inaugural Edition Success :

The inaugural edition witnessed participation from over 1000 students representing renowned B-Schools such as NIA, NIRMA, SIES, KJ Somaiya, IMI, BML Munjal, IMT, and XIME. Following rigorous screening, 320 students advanced to the final round, comprising eight teams of five.

XIME-Bangalore Emerges Victorious :

The triumphant team from XIME-Bangalore clinched the esteemed title of SBI Life IdeationX winner, showcasing exceptional creativity and problem-solving skills.

Correct Answer : Option (A) - 6.8%

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The International Monetary Fund (IMF) on Tuesday (16th April 2024) raised India’s GDP growth projection for 2024-25 by 30 basis points to 6.8 per cent in its update to the World Economic Outlook (WEO), citing buoyant domestic demand. However, the fund’s estimate is below the 7 per cent growth projection by the government.

“Growth in India is projected to remain strong at 6.8 per cent in 2024 (FY25) and 6.5 per cent in 2025 (FY26), with the robustness reflecting continuing strength in domestic demand and a rising working-age population,” the IMF said in its report. For India, according to the report, data and forecasts are presented on a financial year basis.

For FY24, the IMF raised India’s GDP growth projection to 7.8 per cent, compared to 6.7 per cent in its January report. For FY26, the IMF expects the country’s economic growth to slow down slightly to 6.5 per cent -- the same as projected in its January update.

According to the second advance estimates by the National Statistical Office, the growth rate of GDP during 2023-24 was estimated at 7.6 per cent, compared to a growth rate of 7 per cent in 2022-23.

Correct Answer : Option (D) - Horticulture

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The CDP-SURAKSHA initiative by the Indian government is aimed at revolutionizing horticulture subsidies, and streamlining their distribution through digital integration and secure payment mechanisms.

This initiative is a significant step towards supporting horticulture farmers and promoting growth in the horticulture sector.