BANKING & FINANCE
UPI / NPCI
Dilip Asbe Inducted into SWIFT Global Supervisory Board
Dilip Asbe, the current Managing Director and CEO of the National Payments Corporation of India (NPCI), has been appointed to the Global Supervisory Board of SWIFT.
This appointment represents India's inaugural direct representation on the premier oversight and supervisory body of SWIFT.
SWIFT operates strictly as a highly secure messaging network to transmit transaction instructions internationally; it does not hold deposits or transfer funds directly.
This historic integration reflects India's growing influence in global financial architecture and payment systems.
This appointment represents India's inaugural direct representation on the premier oversight and supervisory body of SWIFT.
SWIFT operates strictly as a highly secure messaging network to transmit transaction instructions internationally; it does not hold deposits or transfer funds directly.
This historic integration reflects India's growing influence in global financial architecture and payment systems.
Key Facts / Static GK
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication
Established in 1973
Headquartered in La Hulpe, Belgium
SWIFT Code has 8 or 11 characters: First 4 represent Bank Code, Next 2 represent Country Code, Next 2 represent Location Code, and Last 3 (Optional) represent Branch Code
Established in 1973
Headquartered in La Hulpe, Belgium
SWIFT Code has 8 or 11 characters: First 4 represent Bank Code, Next 2 represent Country Code, Next 2 represent Location Code, and Last 3 (Optional) represent Branch Code
Practice Quiz — 6 July 2026
Q1. Who was recently declared as the President-elect of Peru?
Answer: (B) Keiko Fujimori — Keiko Fujimori was officially declared as the winner and the President-elect of Peru.
Q2. Which of the following statements is/are correct regarding the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and Dilip Asbe's recent appointment?
Answer: (D) SWIFT was established in 1973 and is headquartered in La Hulpe, Belgium. — SWIFT was established in 1973 and is headquartered in La Hulpe, Belgium. Dilip Asbe's appointment is India's first direct representation. SWIFT does not transfer or hold money. The code has 8 or 11 characters (the last 3 are optional).
Q3. Which of the following Indian business leaders has NOT been inducted into the AI for Good Global Commission?
Answer: (D) Gautam Adani — Mukesh Ambani, Sunil Bharti Mittal, and Lakshmi Mittal are the three Indian members inducted. Gautam Adani is not among them.
Q4. Who will represent the Indian delegation at the inaugural United Nations Global Dialogue on AI Governance in Geneva?
Answer: (B) Kirti Vardhan Singh — Minister of State for External Affairs Kirti Vardhan Singh will represent India at the inaugural UN Global Dialogue on AI Governance in Geneva, Switzerland.
Q5. Which of the following statements is INCORRECT regarding the newly launched Viksit UDAN Scheme?
Answer: (C) Viability Gap Funding (VGF) of 10,043 crore rupees will be provided for a duration of 5 years. — The Viability Gap Funding (VGF) has a duration of 10 years, not 5 years. All other statements are correct.
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