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BANKING & FINANCE Banking Affairs

CGA Launches Digital Dashboard and Operational Manual for Government Banking

T. C. A. Kalyani, the Controller General of Accounts (CGA), launched the 'Government Bank Dashboard' and 'Government Bank Manual' in New Delhi.
The dashboard is a real-time tracking tool that monitors transaction success rates, remittance timelines, and scroll compliance for banks handling government funds.
The newly released manual provides a standardized operational framework to ensure uniform reporting and reconciliation procedures across the banking sector.
The primary objective is to shift government oversight from a reactive correction model to proactive, data-driven monitoring.
Exam Perspective: These tools are part of broader public financial management reforms to improve governance, efficiency, and transparency in government transactions.

Key Facts / Static GK

CGA operates under: Department of Expenditure, Ministry of Finance
Current CGA: T. C. A. Kalyani

Q Practice Quiz — 7 March 2026

1. Which index will serve as the base for the new derivatives approved by SEBI for the Bombay Stock Exchange in March 2026?

A Nifty Midcap 50
B Sensex 50
C Sensex Next 30
D BSE 200
E Nifty Next 50

Explanation: SEBI has approved BSE to launch derivative contracts specifically on the Sensex Next 30 index, which tracks the next 30 largest and most liquid companies in the BSE 100 that are not in the Sensex 30.

2. Who has been appointed as the Brand Ambassador for SBI General Insurance's 'Chuniye Bharosa, Apno Sa' campaign?

A Amitabh Bachchan
B Pankaj Tripathi
C Ayushmann Khurrana
D Rajkummar Rao
E Manoj Bajpayee

Explanation: As part of the 'Chuniye Bharosa, Apno Sa' campaign, SBI General Insurance appointed actor Pankaj Tripathi as its Brand Ambassador to strengthen brand recall and trust.

3. Regarding the 'YES Essence Women’s Salary Account', which of the following statements is/are correct? I. It offers a ₹5 lakh top-up health cover. II. It provides 5% cashback on the Elegance Debit Card up to ₹10,000 annually. III. The minimum age for eligibility is 18 years.

A Only I
B Only I and II
C Only II and III
D Only I and III
E All I, II, and III

Explanation: Statements I and III are correct. Statement II is incorrect because the cashback limit is ₹6,000 annually, not ₹10,000.

4. From which date has IRDAI proposed the mandatory adoption of Indian Accounting Standards (Ind AS) for all insurers?

A April 1, 2025
B January 1, 2026
C April 1, 2026
D July 1, 2026
E October 1, 2026

Explanation: IRDAI has proposed that all categories of insurers in India adopt Indian Accounting Standards (Ind AS) effective from April 1, 2026.

5. What regulatory change by SEBI in December 2025 facilitated EPFO's investment in the Raajmarg Infra InvIT (RIIT) IPO?

A Reduction of corporate tax for InvITs
B Inclusion of Pension and Provident funds as strategic investors
C Mandatory 25% stake for government bodies
D Removal of the lock-in period for institutional buyers
E Allowing 100% FDI in road infrastructure

Explanation: In December 2025, SEBI expanded the definition of 'strategic investors' to include Pension funds and Provident funds, which enabled EPFO to participate as a strategic investor in the RIIT issue.

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