Showing questions for July 08, 2025
- Total: 31 questions
Question 21 Jul 08, 2025
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What action did SEBI take against the hedge fund Jane Street for manipulating indices in India’s financial markets?
Suspended access and impounded over ₹4,843 croreSEBI found Jane Street, a New York-based hedge fund, guilty of manipulating indices by simultaneously betting in the cash, futures, and options markets for significant gains. As a result, SEBI suspended the hedge fund from accessing the Indian financial markets and impounded over ₹4,843 crore in illicit gains. The investigation revealed that Jane Street made a net profit of ₹36,671 crore between January 2023 and May 2025 through these manipulative practices.
Question 22 Jul 08, 2025
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Who is the current Chairman of SEBI who stated that no other risks like Jane Street’s manipulation were currently visible in the market?
Tuhin Kanta PandeyTuhin Kanta Pandey, the current Chairman of SEBI, stated that there are no other major risks similar to the manipulation conducted by Jane Street currently visible in the financial markets. He emphasized that the issue with Jane Street was primarily a surveillance matter and that SEBI is upgrading its monitoring systems to prevent such future violations. Pandey also mentioned that regulatory improvements in surveillance and enforcement will help address any wrongdoing effectively.
Question 23 Jul 08, 2025
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Which country raised oil prices for Asian deliveries despite increasing output in August 2025, contributing to pressure on the Indian rupee?
Saudi ArabiaSaudi Arabia increased oil prices for Asian deliveries in August 2025, even as it boosted production levels. This move contributed to pressure on the Indian rupee, along with rising global crude prices and concerns about potential U.S. tariffs. Forex traders noted that continuous buying by oil companies and importers exacerbated the rupee’s decline, which fell to 85.87 against the U.S. dollar.
Question 24 Jul 08, 2025
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What did Vedanta Group Chairman Anil Agarwal advocate for nationwide adoption to protect infrastructure from corrosion during monsoon seasons?
Zinc galvanizationAnil Agarwal, Vedanta Group Chairman, urged nationwide adoption of zinc galvanization to protect iron and steel infrastructure from rusting caused by moisture and wet weather during monsoons. He highlighted that corrosion costs India around 5% of GDP annually and is avoidable with proper protective measures. Hindustan Zinc Limited, part of Vedanta, promotes galvanization as a cost-effective solution to enhance durability and reduce maintenance costs.
Question 25 Jul 08, 2025
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Which U.S. political figure threatened to impose an additional 10% tariff on countries aligning with BRICS' policies?
Donald TrumpU.S. President Donald Trump threatened to impose an additional 10% tariff on any country that aligns itself with what he described as “the Anti-American policies of BRICS.” His comments came via social media following the 17th BRICS Summit in Brazil, where trade and economic cooperation among member nations was discussed. This announcement added to market volatility and concerns over global trade tensions.