Rishi Gupta, Former MD & CEO of Fino Payments Bank, Arrested Under GST Act

Rishi Gupta, the former Managing Director and CEO of Fino Payments Bank, has been arrested in connection with alleged violations of the Goods and Services Tax (GST) Act.
The arrest follows investigations into financial irregularities and potential tax evasion associated with the bank's previous operations.
Regulatory bodies are intensifying scrutiny on the fintech and payments bank sector to ensure compliance with national taxation and banking laws.
This development serves as a critical case study for aspirants on corporate governance and legal accountability in the banking industry.

Q Practice Quiz — 3 March 2026

1. Which former tennis star has been appointed as the brand ambassador for the suncare category of 'The Derma Co'?

A PV Sindhu

B Sania Mirza

C Rohan Bopanna

D Mahesh Bhupathi

E Saina Nehwal

Explanation: Former tennis star Sania Mirza has been appointed as the brand ambassador for the suncare category of The Derma Co, specifically for their 1% Hyaluronic Sunscreen Aqua Gel campaign.

2. Consider the following statements regarding the 11th Raisina Dialogue 2026: 1. It is hosted in Mumbai. 2. The theme is 'Samskāra: Assertion, Accommodation, Advancement'. 3. The President of Finland is the Chief Guest. Which of the above is/are correct?

A Only 1

B Only 2

C 2 and 3 only

D 1 and 2 only

E All 1, 2, and 3

Explanation: The 11th Raisina Dialogue is hosted in New Delhi (not Mumbai). The theme is 'Samskāra: Assertion, Accommodation, Advancement' and the Chief Guest is Dr. Alexander Stubb, President of Finland.

3. Which agricultural product from Assam, recently exported to London for the first time, holds a Geographical Indication (GI) tag?

A Tezpur Litchi

B Karbi Anglong Ginger

C Joha Rice

D Kaji Nemu

E Bokachol Rice

Explanation: GI-tagged Karbi Anglong Ginger from Assam was exported to London for the first time. It is known for its high quality and is grown in the hilly Karbi Anglong region.

4. In which location has Tamil Nadu inaugurated its first-ever Dark Sky Park?

A Nilgiri Hills

B Kolli Hills

C Anaimalai Hills

D Palani Hills

E Cardamom Hills

Explanation: Tamil Nadu inaugurated its first Dark Sky Park at Ariyur Shola Reserve Forest in the Kolli Hills, Namakkal district.

5. Which agency has partnered with NITI Aayog for Phase-II of the 'Japan-India Cooperative Actions Towards SDGs' project?

A World Bank

B ADB

C JICA

D USAID

E IMF

Explanation: The Japan International Cooperation Agency (JICA) signed the agreement with NITI Aayog to strengthen India-Japan cooperation for Sustainable Development Goals.

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