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MOU & COLLABORATIONS Domestic Collaborations

Bajaj General Insurance Partners with Swiss Re Corporate Solutions for Commercial Insurance Growth

A Memorandum of Understanding (MoU) has been executed between Bajaj General Insurance and Swiss Re Corporate Solutions.
The alliance aims to build comprehensive commercial insurance solutions tailored for corporate clients in the Indian market.
Risk protection categories targeted under the partnership include property damage, business interruption, machinery failure, cyber risks, and marine liabilities.
Exam Perspective: Institutional partnerships involving leading international reinsurers like Swiss Re showcase key structural trends in commercial insurance.

Key Facts / Static GK

Partner Entities: Bajaj General Insurance & Swiss Re Corporate Solutions
Sector: Commercial Property and Casualty Insurance

Q Practice Quiz — 7 August 2026

1. What was the total transaction value processed by UPI in July 2026?

A ₹28.92 lakh crore
B ₹29.03 lakh crore
C ₹29.53 lakh crore
D ₹29.88 lakh crore
E ₹29.90 lakh crore

Explanation: In July 2026, UPI set a monthly record by processing 23.66 billion transactions worth ₹29.88 lakh crore.

2. What is the mandatory Compressed Biogas (CBG) blending target for City Gas Distribution entities for FY 2026–27 under the GOBARdhan scheme?

A 1%
B 2%
C 3%
D 4%
E 5%

Explanation: Under the CBG Blending Obligation (CBO), City Gas Distribution entities must achieve blending targets of 3% in FY 2026–27, 4% in FY 2027–28, and 5% from FY 2028–29 onwards.

3. Which division within NITI Aayog formulated the report titled 'Reimagining Care: Strategies for Empowering Caregivers in Viksit Bharat@2047'?

A Human Resources Division
B Social Justice and Empowerment Division
C Health and Family Welfare Division
D Economic and Financial Inclusion Division
E Rural Development Division

Explanation: The report was formulated by the Social Justice and Empowerment Division of NITI Aayog through extensive stakeholder consultations and field studies.

4. How much Central Assistance was released to Uttar Pradesh between FY 2019-20 and FY 2025-26 under the SC/ST atrocity prevention scheme?

A ₹520.50 crore
B ₹610.25 crore
C ₹747.17 crore
D ₹830.40 crore
E ₹950.00 crore

Explanation: A total Central Assistance of ₹747.17 crore was released to Uttar Pradesh during the 2019-20 to 2025-26 period to strengthen enforcement mechanisms and provide victim relief.

5. Which of the following statements regarding the Global Biofuel Champion Fellowship (GBCF) is correct?

A Each selected fellow receives a grant of $50,000.
B The fellowship duration is five years.
C It includes two Indian researchers, Ruchi Agrawal and Abhisek Sahoo.
D The alliance was launched during the COP28 Summit in Dubai.
E The fellowship is limited only to researchers from G7 nations.

Explanation: The inaugural GBCF cohort selected 15 researchers globally including two Indian scholars: Ruchi Agrawal (TERI) and Abhisek Sahoo (IIT Delhi). Each fellow gets a $15,000 grant for a 2-year tenure.

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