INTERNATIONAL
International Summits
Hyderabad Hosts 2nd BRICS Anti-Corruption Working Group Conference Under Indian Presidency
The Department of Personnel and Training (DoPT) hosted the 2nd Meeting of the BRICS Anti-Corruption Working Group (ACWG) and the BRICS Expert Network on Asset Recovery in Hyderabad, Telangana.
The meetings were held on August 4–5, 2026, aligned with India's overarching BRICS Presidency theme: 'Building for Resilience, Innovation, Cooperation and Sustainability'.
Delegates focused on international cooperation regarding international asset recovery, cross-border anti-corruption legal networks, and anti-bribery governance transparency.
This physical summit follows the 1st BRICS Anti-Corruption Working Group gathering held virtually in June 2026.
Exam Perspective: India's leadership in BRICS anti-corruption forums highlights national priorities regarding foreign asset trace procedures and combatting financial fugitives.
The meetings were held on August 4–5, 2026, aligned with India's overarching BRICS Presidency theme: 'Building for Resilience, Innovation, Cooperation and Sustainability'.
Delegates focused on international cooperation regarding international asset recovery, cross-border anti-corruption legal networks, and anti-bribery governance transparency.
This physical summit follows the 1st BRICS Anti-Corruption Working Group gathering held virtually in June 2026.
Exam Perspective: India's leadership in BRICS anti-corruption forums highlights national priorities regarding foreign asset trace procedures and combatting financial fugitives.
Key Facts / Static GK
BRICS Original Members: Brazil, Russia, India, China, South Africa
Nodal Department for Anti-Corruption in India: Department of Personnel and Training (DoPT)
Minister in Charge of DoPT: Prime Minister Narendra Modi / MoS Dr. Jitendra Singh
Nodal Department for Anti-Corruption in India: Department of Personnel and Training (DoPT)
Minister in Charge of DoPT: Prime Minister Narendra Modi / MoS Dr. Jitendra Singh
Practice Quiz — 5 August 2026
Q1. Which of the following statements regarding the RBI's updated Bulk Deposit Interest Rate Directions 2026 is/are correct?
Answer: (B) Both statements I and II are correct — Statement I: The framework allows differential rates on bulk deposits based on LCR run-off rates from October 1, 2026. Statement II: Commercial banks and SFBs share a bulk deposit threshold of ₹3 crore, while RRBs have a threshold of ₹1 crore.
Q2. Under the revised CGSMFI 2.0 guidelines, what is the mandatory minimum combined allocation percentage of guarantee cover reserved for small and medium MFIs?
Answer: (C) 15% — Banks must now allocate at least 15% of the total guarantee cover under CGSMFI 2.0 to small and medium-sized MFIs, replacing the previous segregated structure of 5% and 10%.
Q3. Which agency constructed the new Income Tax Department office complex 'Aayakar Sindhu' inaugurated in Mumbai?
Answer: (B) Central Public Works Department (CPWD) — The 'Aayakar Sindhu' office complex in Nariman Point, Mumbai, was constructed by the Central Public Works Department (CPWD).
Q4. Which Non-Banking Financial Company (NBFC) has partnered with Flipkart as the principal lending partner for 'Flipkart Pay Later'?
Answer: (B) PayU Finance — PayU Finance, the NBFC arm of PayU, serves as the primary licensed lender for the Flipkart Pay Later digital credit solution.
Q5. Which founding document led to the formal establishment of the Arctic Council in 1996?
Answer: (B) Ottawa Declaration — The Arctic Council was officially established in 1996 through the adoption of the Ottawa Declaration.
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