MOU & COLLABORATIONS
MoUs
PNB and Andhra Pradesh Partner to Launch Country's First Bank-Led Quantum Finance Hub
Punjab National Bank has signed an agreement with the Andhra Pradesh government to establish the PNB Quantum Finance Hub.
Situated in the Amaravati Quantum Valley, the center represents India's pioneer bank-led quantum finance facility created in tandem with a state government.
The research center will analyze applications of Artificial Intelligence and Quantum Computing to address complex financial tasks.
This strategic tie-up marks a key leap in modernizing banking infrastructure through next-gen computing tools.
Situated in the Amaravati Quantum Valley, the center represents India's pioneer bank-led quantum finance facility created in tandem with a state government.
The research center will analyze applications of Artificial Intelligence and Quantum Computing to address complex financial tasks.
This strategic tie-up marks a key leap in modernizing banking infrastructure through next-gen computing tools.
Key Facts / Static GK
PNB Headquarters: New Delhi
Hub Location: Amaravati Quantum Valley, Andhra Pradesh
Hub Location: Amaravati Quantum Valley, Andhra Pradesh
Practice Quiz — 25 July 2026
Q1. Who has recently assumed charge as the Interim President of the International Chess Federation (FIDE)?
Answer: (C) Viswanathan Anand — Five-time World Chess Champion Viswanathan Anand has officially taken charge as the Interim President of FIDE following sanction measures against Arkady Dvorkovich.
Q2. What is the maximum central grant allocated per park under the newly approved BHAVYA–Rasayan Scheme?
Answer: (D) ₹1,000 crore — Under the BHAVYA–Rasayan scheme, the Central Government will provide a grant of up to ₹1,000 crore per chemical park, while requiring a minimum state contribution of ₹500 crore per park.
Q3. Which of the following provisions is proposed in the amended draft of the Public Examinations (Prevention of Unfair Means) Act?
Answer: (B) Minimum imprisonment of 5 years for paper leakage — The proposed amendments mandate a minimum of 5 years imprisonment (up to 10 years) and maximum fines of up to ₹10 crore for individuals implicated in paper leaks.
Q4. Which research institute developed the 'DeepDATA' application for digital documentation of deep-sea fish diversity?
Answer: (B) ICAR-Central Marine Fisheries Research Institute (CMFRI) — ICAR-CMFRI based in Kochi developed the 'DeepDATA' app under the Deep Ocean Mission supported by the Ministry of Earth Sciences.
Q5. Which existing institution in Bhimavaram will be upgraded to establish Andhra Pradesh's first private women's university?
Answer: (A) Sri Vishnu Engineering College for Women — Andhra Pradesh approved the establishment of Vishnu Women's University by upgrading Sri Vishnu Engineering College for Women in Bhimavaram.
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