1. Paisabazaar.com in partnership with ___ launched a pre-qualified program for unsecured loans on its platform?
[A] HDFC Bank
[B] Bandhan Bank
[C] Axis Bank
[D] J&K Bank
Show Answer
Correct Answer: C [Axis Bank]
Notes:
Recently , Paisabazaar.com in partnership with Axis Bank launched a pre-qualified program for unsecured loans on its platform. The pre-qualified program is based on deep technology and performs deep analytics in partnership with banks and non-bank financiers.
2. Which company collaborated with Hughes Communications India Private Limited (HCIPL) to provide satellite broadband services in India?
[A] Tata Sky
[B] Bharti Airtel
[C] Vi
[D] Reliance Jio Infocomm Limited
Show Answer
Correct Answer: B [Bharti Airtel]
Notes:
Bharti Airtel Limited has partnered with Hughes Communications India Private Limited (HCIPL).
3. Which insurance firm recently created an AI-powered voice bot to automate the process of filing automobile claims?
[A] Agriculture Insurance Company of India Ltd
[B] Aditya Birla Health Insurance Co. Ltd
[C] Edelweiss General Insurance
[D] Agriculture Insurance Company of India Ltd
Show Answer
Correct Answer: C [Edelweiss General Insurance ]
Notes:
Edelweiss General Insurance has launched an AI-based voice bot that will automate the registration process of motor claims.
4. SIDBI has signed a Memorandum of Understanding with which firm to collaborate in the areas of cyber security, AI/ML, and blockchain in India’s banking sector?
[A] NABARD
[B] Atal Innovation Mission
[C] CDAC
[D] IIT Delhi
Show Answer
Correct Answer: C [CDAC]
Notes:
The Small Industries Development Bank of India (SIDBI) signed MoU with the Centre for Development of Advanced Computing (C-DAC).
5. Which Payments Bank has recently joined with ICICI Lombard General Insurance to offer cyber insurance?
[A] NSDL Payment Bank
[B] Fino, Paytm Payment Bank
[C] Airtel Payment Bank
[D] India Post Payment Bank
Show Answer
Correct Answer: C [Airtel Payment Bank]
Notes:
ICICI Lombard General Insurance has partnered with Airtel Payments Bank to offer cyber insurance to customers of the bank.
6. Which corporation recently expanded into Southeast Asia by acquiring a majority share in Curlec, a Malaysian fintech firm?
[A] Stripe
[B] Easebuzz
[C] Razorpay
[D] SecurionPay
Show Answer
Correct Answer: C [Razorpay ]
Notes:
Razorpay has expanded into South-East Asia with the acquisition of a majority stake in a Malaysian fintech firm Curlec.
7. Which Indian enterprise teamed with SES, a Luxembourg-based organization, to provide India with next-generation affordable and scalable broadband services?
[A] Bharti Airtel
[B] Reliance Jio
[C] Vodafone Idea Limited
[D] Tata Docomo
Show Answer
Correct Answer: B [Reliance Jio]
Notes:
Reliance Jio has announced its partnership with Luxembourg-based firm SES.
8. Who was recently appointed to the Reserve Bank of India’s (RBI) Central Board of Directors?
[A] NR Narayana Murthy
[B] Manika Batra
[C] Sanjay Malhotra
[D] K.N. Raghavan
Show Answer
Correct Answer: D [K.N. Raghavan]
Notes:
The Centre government has nominated Sanjay Malhotra, Secretary, Department of Financial Services (DFS), Ministry of Finance, as a Director on the Central Board of Reserve Bank of India (RBI).
9. Which bank’s license was recently canceled by the Reserve Bank of India because it had inadequate capital and earning prospects?
[A] Citizen Credit Co-Operative Bank Ltd
[B] Sarjeraodada Naik Shirala Sahakari Bank
[C] The Shamrao Vithal Co-Operative Bank Ltd
[D] The Kapol Co Operative Bank Ltd
Show Answer
Correct Answer: B [Sarjeraodada Naik Shirala Sahakari Bank]
Notes:
Reserve Bank of India has cancelled the license of Sarjeraodada Naik Shirala Sahakari Bank, Sangli, Maharashtra, as it did not have adequate capital and earning prospects. With the cancellation of the licence, Sarjeraodada Naik Shirala Sahakari Bank Ltd has ceased to carry on banking business with effect from the close of business hours on 2 March. The bank is not complying with various sections of the Banking Regulation Act, 1949.
10. Jammu and Kashmir Infrastructure Development Finance Corporation Ltd (JKIDFC) has received a loan of Rs 1000 crore from which bank?
[A] Indian Overseas Bank
[B] Union Bank of India
[C] Punjab National Bank
[D] Bank of Baroda
Show Answer
Correct Answer: A [Indian Overseas Bank]
Notes:
The Indian Overseas Bank (IOB) has granted a loan of Rs 1000 crore to Jammu and Kashmir Infrastructure Development Finance Corporation Ltd (JKIDFC). Out of these funds, Rs 500 crore are already disbursed by the IOB. It will help to enhance credit growth and fund the various infrastructure development programs in the region.
