Showing questions for July 09, 2025
- Total: 22 questions
Question 11 Jul 09, 2025
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Which Indian industry body has called for a national strategy on critical materials to secure electric vehicle production in India?
ACMAThe Automotive Component Manufacturers Association of India (ACMA) has raised concerns over the shortage of rare earth magnets, essential for electric vehicle manufacturing. ACMA President Shradha Suri Marwah emphasized that China's export restrictions on these materials have led to potential production losses in India. The association stressed the need for self-reliance and indigenous processing technologies to avoid future crises. India currently imports all its rare earth magnets from China, which controls over 90% of global processing capacity.
Question 12 Jul 09, 2025
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Which country has India started talks with to source rare earth minerals amid Chinese export restrictions?
AustraliaIndia is in discussions with Australia to explore opportunities for sourcing rare earth minerals, according to Australian Trade and Investment Commissioner Malini Dutt. This development comes as China restricts exports of rare earth elements and related magnets, affecting India’s auto and electronics sectors. Australia has significant reserves and processing capabilities in this domain, making it a strategic partner for India. Both private and public sector entities in India have shown interest in securing copper and rare earth blocks in Australia.
Question 13 Jul 09, 2025
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Which Indian regulatory authority found Jane Street guilty of market manipulation involving index trading and impounded over ₹4,843 crore?
SEBIThe Securities and Exchange Board of India (SEBI) found Jane Street, a New York-based hedge fund, guilty of manipulating indices through simultaneous trading in cash and derivatives markets. SEBI suspended the firm from accessing Indian markets and impounded over ₹4,843 crore in illicit gains. The regulator had been investigating the matter since April 2024, issuing cease-and-desist orders and policy interventions before concluding the probe. Former SEBI Chairperson Madhabi Puri Buch defended the regulator against allegations of failure in oversight.
Question 14 Jul 09, 2025
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Which Indian state recently introduced a regulatory framework for bike taxi drivers under the new aggregator guidelines?
MaharashtraMaharashtra became one of the first states to notify a regulatory framework for bike taxi drivers under the newly introduced Motor Vehicle Aggregator Guidelines (MVAG) 2025. These guidelines permit states to allow non-transport motorcycles to be used for passenger rides via aggregator platforms. Uber welcomed the move, calling it a win-win for riders, drivers, and cities due to improved last-mile connectivity and affordability. The central government issued MVAG 2025 to provide clarity to India’s shared mobility sector.
Question 15 Jul 09, 2025
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Which Indian stock index closed higher by 270 points on July 9, 2025, driven by late-day buying in banking and IT stocks?
SensexThe BSE Sensex closed higher by 270.01 points on July 9, 2025, settling at 83,712.51, supported by late buying in banking and select IT shares along with positive Asian market trends. Kotak Mahindra Bank, NTPC, and SBI were among the top gainers, while Titan and Axis Bank pulled back. Investors awaited progress on the India-US trade deal, which influenced market sentiment. The US extended tariffs suspension until August 1, providing some relief to investors.