21. The Cabinet Committee on Economic Affairs has recently permitted a relaxation to which financial institutions, to inject liquidity into Discoms?
[A] RBI and NABARD
[B] PFC and REC
[C] NTPC and NHPC
[D] ONGC and GAIL
Show Answer
Correct Answer: B [PFC and REC]
Notes:
The Cabinet Committee on Economic Affairs (CCEA) has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans to state-owned electricity distribution companies (Discoms).
This measure has been made by the Government to inject liquidity into Discoms, as a part of the Atma Nirbhar Bharat Scheme. As per the existing guidelines, Discoms can avail working capital loans equal to 25% of last year’s revenues, under UDAY scheme from PFC and REC.
22. ‘Rules of origin’, that was seen in news recently, is associated with which Ministry?
[A] Ministry of Commerce
[B] Ministry of Finance
[C] Ministry of Agriculture
[D] Ministry of MSME
Show Answer
Correct Answer: B [Ministry of Finance]
Notes:
The Department of Revenue, Ministry of Finance has notified the ‘Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020’.
The norms for enforcing the ‘rules of origin’ provisions has been released by the Government recently. These rules will come into effect from September 21, 2020 and will apply where preferential rate of duty is claimed by importer. The ”Rules of origin” provision mandates minimal processing in the FTA country.
23. Which public sector unit is set to invest Rs.1.22 lakh crore by 2023-24, to achieve 1 billion tonnes of fuel output?
[A] Coal India
[B] ONGC
[C] NHPC
[D] NTPC
Show Answer
Correct Answer: A [Coal India]
Notes:
State-owned Public sector undertaking Coal India announced that it is set to invest over Rs 1.22 lakh crore on various projects to achieve 1 billion tonnes of fuel output.
Out of the total 500 projects to be funded, CIL will invest a major part in projects related to coal evacuation, mine infrastructure and project development by 2023-24. Coal India also posted a 7.1 per cent year-on-year growth in coal output.
24. Gem and Jewellery Export Promotion Council of India (GJEPC) organised first ever virtual Buyer and Seller Meet for which precious stone/ jewellery?
[A] Loose Diamonds
[B] Coloured Gemstone
[C] Gold Jewellery
[D] Silver Jewellery
Show Answer
Correct Answer: A [Loose Diamonds]
Notes:
The apex body for promotion of Gems and Jewellery Exports, ‘Gem and Jewellery Export Promotion Council of India (GJEPC)’ has organised first Virtual Buyer and Seller Meet for loose diamonds.
The Joint Secretary of Ministry of Commerce & Industry inaugurated the first ever meeting. The two-day event will connect buyers and sellers and after the online matching, they would schedule a meeting and discuss their business.
25. Which regulating entity has released revised Priority Sector Lending guidelines recently?
[A] Ministry of Finance
[B] SIDBI
[C] RBI
[D] NABARD
Show Answer
Correct Answer: C [RBI]
Notes:
The Reserve Bank of India has released revised guidelines for Priority sector lending (PSL). This has been done to achieve better credit penetration in the country.
The new guidelines have mechanism to enhance flow of credit to credit deficient areas. Also, under the new prevision bank finance to start-ups up to Rs.50 crore can be considered as Priority Sector Advance.
26. What is the name of the new brand identity of Vodafone Idea?
[A] Id-fone
[B] Voidea
[C] VI
[D] Mi
Show Answer
Correct Answer: C [VI]
Notes:
The Vodafone Idea Limited has revealed its new integrated brand identity “VI” (read as ‘We’), using just the initials of both Vodafone and Idea.
The new brand name has been launched after 2 years since the merger of Vodafone and Idea took place. The company has also revealed a reward programme named ‘Happy Surprises’. The Supreme Court has given telecom companies 10 years to pay adjusted gross revenue dues (AGR) dues.
27. Which rating agency estimated that that the annual GDP growth of India would contract by 10.5 per cent?
[A] Fitch Ratings
[B] S & P
[C] CRISIL
[D] ICRA
Show Answer
Correct Answer: A [Fitch Ratings]
Notes:
As per the recent statement of the Fitch Ratings, the annual GDP growth of India is projected to contract more than 10.5 per cent.
Earlier, it had estimated that the GDP Growth would contract by 5 per cent in its June Global Economic Outlook (GEO). In its recent GEO, it has also highlighted that the Global Economy is projected to fall less than projected level.
28. SEBI has approved which organisation to undertake e-KYC Aadhaar authentication?
[A] BSE
[B] NSE
[C] NABARD
[D] NHB
Show Answer
Correct Answer: B [NSE]
Notes:
Markets regulator SEBI has added National Stock Exchange (NSE) to the list of entities that can carry out e-KYC Aadhaar authentication.
Earlier in May 2020, SEBI had rolled out a list of 8 entities that permitted to undertake e-KYC (Electronic-Know Your Customer) Aadhaar authentication. SEBI has stated that NSE can undertake Aadhaar authentication service of the UIDAI subject to compliance certain terms and conditions.
29. Which Indian bank has launched a programme for start-ups named ‘iStartup 2.0’?
[A] State Bank of India
[B] ICICI Bank
[C] HDFC Bank
[D] Axis Bank
Show Answer
Correct Answer: B [ICICI Bank]
Notes:
Leading Private sector bank of India, ICICI Bank has launched an exclusive programme for start-ups named ‘iStartup2.0’.
Under this programme, a Current Account can be created for new businesses that are up to ten years old seamlessly. The Bank has integrated its APIs with the website of the Ministry of Corporate Affairs (MCA) and the account number is obtained at the time of incorporation.
30. Which financial institution has issued guidelines for Product labelling in Mutual Funds?
[A] RBI
[B] SEBI
[C] IRDAI
[D] PFRDA
Show Answer
Correct Answer: B [SEBI]
Notes:
The Securities and Exchange Board of India (SEBI) has announced detailed guidelines for product labelling in mutual funds.
Earlier, there were five categories to measure the level of risks in mutual fund schemes. Now SEBI, which is the regulator, has introduced one more category known as ‘very high risk’. These new guidelines shall be in force with effect from January 1, 2021.
