BANKING & FINANCE
Capital Markets
Carnelian Asset Management Obtains Regulatory Approval from SEBI for Mutual Fund Operations
Carnelian Asset Management & Advisors received official authorization from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business.
The approval enables the firm to introduce mutual fund schemes targeting both retail and institutional investors.
This step establishes Carnelian as an integrated wealth and asset management firm in India's expanding financial markets.
The approval enables the firm to introduce mutual fund schemes targeting both retail and institutional investors.
This step establishes Carnelian as an integrated wealth and asset management firm in India's expanding financial markets.
Key Facts / Static GK
Regulator: Securities and Exchange Board of India (SEBI)
SEBI Headquarters: Mumbai, Maharashtra
SEBI Headquarters: Mumbai, Maharashtra
Practice Quiz — 24 July 2026
Q1. Which state recently launched the 'Yuva Suyog' initiative to identify grassroots athletic talent and organize ward and Panchayat level competitions?
Answer: (C) Rajasthan — Chief Minister Bhajan Lal Sharma launched the 'Yuva Suyog' platform in Rajasthan to identify grassroots sports talent by conducting competitions at ward and Panchayat levels.
Q2. The Tamil Nadu government renamed the Chief Minister's Breakfast Scheme to honor which prominent former leader?
Answer: (B) K. Kamaraj — The Chief Minister's Breakfast Scheme in Tamil Nadu was renamed the 'Perunthalaivar Kamarajar Breakfast Scheme' to honor former Chief Minister K. Kamaraj.
Q3. Which scheme supports the newly approved Electronics Manufacturing Clusters (EMCs) at Manallur and Pillapaikkam in Tamil Nadu?
Answer: (B) Modified Electronics Manufacturing Clusters Scheme (EMC 2.0) — The two proposed EMCs in Tamil Nadu are funded under the Modified Electronics Manufacturing Clusters Scheme (EMC 2.0), which was notified by the government in April 2020.
Q4. According to official railway data, what percentage of Indian Railways' broad gauge network has been electrified?
Answer: (D) 99.6% — Indian Railways has successfully electrified 99.6% of its broad gauge network, making it the second most electrified major railway network in the world.
Q5. Which Maharashtra state enterprise signed an MoU with NABARD to promote green and sustainable infrastructure in rural India?
Answer: (C) MAHAPREIT — NABARD signed an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra enterprise, to finance green rural infrastructure.
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