1. What is the name of ICICI Prudential Life Insurance’s new insurance plan?
[A] ‘ICICI Pru Forward Return of Premium’
[B] ‘ICICI Pru weProtect Return of Premium’
[C] ‘ICICI Pru Life Protection Plan’
[D] ‘ICICI Pru iProtect Return of Premium’
Show Answer
Correct Answer: D [‘ICICI Pru iProtect Return of Premium’]
Notes:
It is the customer-centric plan which offers protection cover wherein the quantum of life cover is automatically adjusted based on the customer’s life stages.It offers the return of 105% of all premiums paid on survival
2. Which bank collaborated with MinkasuPay to implement biometric authentication solutions for net banking payments in merchant apps that use fingerprint or face IDs?
[A] Bandhan Bank
[B] ICICI Bank
[C] Kotak Mahindra Bank
[D] Axis Bank
Show Answer
Correct Answer: D [Axis Bank]
Notes:
Recently , Axis Bank has entered into a partnership with MinkasuPay.
They have partnered to grant biometric authentication solutions to perform net banking payments in merchant apps by using fingerprint or face IDs.
3. The Indian Naval Placement Agency (INPA) and have signed a memorandum of understanding (MOU) to investigate potential for the recruitment of naval veterans in the latter’s industry?
[A] HDFC Bank
[B] IIFL Home Finance Ltd (IIFL HFL)
[C] Muthoot Homefin (India) Limited (MHIL)
[D] ICICI Bank
Show Answer
Correct Answer: B [IIFL Home Finance Ltd (IIFL HFL)]
Notes:
The Indian Naval Placement Agency (INPA) has signed MoU with IIFL Home Finance Ltd (IIFL HFL).
4. Who was appointed as Chairman of IIFL Finance?
[A] Arun Kumar Purwar
[B] Anantha Nageshwaran
[C] Pushp Kumar Joshi
[D] Vinodanand Jha
Show Answer
Correct Answer: A [Arun Kumar Purwar ]
Notes:
Arun Kumar Purwar was appointed as Chairman of IIFL Finance.
5. Recently , __________Fund corpus triples to Rs 10,990.17 crore in FY 2020-21.
[A] PM CARES
[B] PM DEVELOPMENT
[C] PM EVALUTION
[D] PM GROWTH
Show Answer
Correct Answer: A [PM CARES]
Notes:
The total corpus under the PM CARES Funds in 2020-21 was Rs 10,990.17 crore.
6. Recently which mining company Indian has tied up with Taiwanese electronics manufacturing company, Hon Hai Technology ?
[A] Vedanta
[B] Hindustan Zinc
[C] Bharat Aluminium Company Ltd
[D] Talwandi Sabo Power Limited
Show Answer
Correct Answer: A [Vedanta ]
Notes:
The Indian mining major Vedanta has tied up with Taiwanese electronics manufacturing company, Hon Hai Technology Group (better known as Foxconn) to form a joint venture (JV) for manufacturing semiconductors in India. Anil Agarwal, the non-executive Chairman of Vedanta, will be the Chairman of the JV company.
7. At the 17th Annual Banking Technology Conference and Awards, which bank recently received three awards?
[A] Puduvai Bharthiar Grama Bank
[B] Karnataka Bank
[C] Punjab Gramin Bank
[D] Rajasthan Marudhara Gramin Bank
Show Answer
Correct Answer: B [Karnataka Bank ]
Notes:
Karnataka Bank has bagged three awards at the 17th Annual Banking Technology Conference and Awards: 2020-21 Next-Gen Banking, instituted by Indian Banks’ Association (IBA).
8. “The Founders: The Story of PayPal and the Entrepreneurs Who Shaped Silicon Valley” was written by who?
[A] Jimmy Soni
[B] Elon Musk
[C] Peter Thiel
[D] Reid Hoffma
Show Answer
Correct Answer: A [Jimmy Soni]
Notes:
A new book titled ‘’The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley ’’, authored by Jimmy Soni and published by Simon & Schuster released soon. It highlights the story of multinational digital-payments company PayPal and how it covered the journey of a start-up that turned into one of the most successful companies of all time, worth over USD 70 billion today. It also offers colourful anecdotes about famous people like Elon Musk, Peter Thiel, and Reid Hoffman
9. What was the name of the RBI booklet on the strategies used by financial fraudsters?
[A] “BE(A)LIVE”
[B] “BE(A)WAKE”
[C] “BE(A)WARE”
[D] “BE(C)ONSCIOUS”
Show Answer
Correct Answer: C [“BE(A)WARE”]
Notes:
Reserve Bank of India has launched a booklet named “BE(A)WARE” which features common modus operandi used by fraudsters and precautions to be taken while carrying out various financial transactions. The booklet aims to enhance public awareness about various types of financial frauds perpetrated on gullible customers while carrying out digital payments and other financial transactions.
10. What percentage has the Employees Provident Fund Organisation (EPFO) cut its interest rate on provident fund deposits for 2021-22?
[A] 8.4%
[B] 7.9%
[C] 8.1%
[D] 8.5%
Show Answer
Correct Answer: C [8.1%]
Notes:
The Employees Provident Fund Organization (EPFO) has reduced its interest rate on provident fund deposits to 8.1% for 2021-22 i.e. FY22. This reduction is 0.4% lower than the previous year. It was 8.5% in 2020-21 and 2019-20. However, this reduction in the interest rate on provident fund deposits is witnessed as is the lowest in more than four decades. In 1977-78, EPFO had credited 8.0% as the interest rate, and since then it has been either 8.25% or more. The 8.1% interest rate was recommended by the Central Board of Trustees (CBT) in a meeting which was held under the chairmanship of Union Labour and Employment Minister Bhupendra Yadav. The 8.1% annual rate of interest will be credited on EPF accumulations in accounts of members for the FY2021-22. After paying an 8.1% interest rate, EPFO will have a surplus of around Rs 450 crore.
These questions are part of Daily Current Affairs 20 MCQs Series in GKToday Android Application. This series can be subscribed in the app only for Rs. 999/- for entire year.