UPI User Base Touches 55.49 Crore as Annual Transactions Exceed Rs 314 Lakh Crore

1. Who has been appointed as the brand ambassador by Policybazaar to support IRDAI's vision of 'Insurance for all by 2047'?

Explanation: Policybazaar onboarded veteran actor Amitabh Bachchan to drive insurance awareness, aligning with IRDAI's vision of insurance coverage for all citizens by 2047.

2. Who among the following has assumed charge as the 59th Prime Minister of the United Kingdom?

Explanation: Andy Burnham took office as the 59th Prime Minister of the UK after being elected unopposed as the Labour Party leader following Sir Keir Starmer's resignation.

3. Who has been elected as the Chairman of the Economic Community of West African States (ECOWAS)?

Explanation: Senegal's President Bassirou Diomaye Faye was elected Chairman of ECOWAS, succeeding Sierra Leone's President Julius Maada Bio.

4. With reference to the Index of Core Industries (ICI) in 2026, consider the following statements: 1. The base year of the Index has been revised from 2011-12 to 2022-23. 2. Iron Ore was introduced as the 9th core industry. Which of the statements given above is/are correct?

Explanation: Both statements are correct. The base year was revised to 2022-23 from 2011-12, and Iron Ore was included as the 9th core industry.

5. What was the total value of UPI transactions recorded in India during Financial Year 2025-26?

Explanation: As per data shared in Parliament, UPI transaction value crossed ₹314.23 lakh crore in FY 2025-26 with over 24,161 crore transactions.