INTERNATIONAL
Bilateral Relations
India-Israel Bilateral Investment Agreement Formally Comes into Effect
The Bilateral Investment Agreement (BIA) signed between India and Israel in September 2025 has officially entered into force.
Designed to establish a robust framework, the agreement seeks to protect and stimulate reciprocal investments and bolster economic ties between the two nations.
Understanding bilateral treaties is key for public sector exams, as they directly influence international trade and FDI policies.
Designed to establish a robust framework, the agreement seeks to protect and stimulate reciprocal investments and bolster economic ties between the two nations.
Understanding bilateral treaties is key for public sector exams, as they directly influence international trade and FDI policies.
Key Facts / Static GK
Capital of Israel: Jerusalem
Currency of Israel: New Shekel
Currency of Israel: New Shekel
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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