41. Which feature has been added by the National Payments Corporation of India (NCPI) in Unified Payments Interface (UPI)?
[A] Autopay
[B] Near Field Communication
[C] Mutual Fund Investment
[D] NPS investment
Show Answer
Correct Answer: A [Autopay]
Notes:
National Payments Corporation of India (NCPI) has recently added the ‘UPI Autopay’ feature in its Unified Payments Interface (UPI).
This solution has been launched during the virtual event of Global Fintech Fest. The e-mandate can be used in recurring payments and for multiple payment scenarios including booking train tickets, paying DTH subscriptions among others.
42. What is the modified deadline for filing income tax returns, as announced by the Union Government after July 31?
[A] August 31
[B] September 30
[C] October 31
[D] December 31
Show Answer
Correct Answer: B [September 30]
Notes:
The Union Government has extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30.
The reason for the extension is constraints due to the Covid-19 induced lockdown. The Central Board of Direct Taxes has extended the deadline for the third time to September 30. Earlier it was postponed from March 31 to June 30 and then to July 31.
43. Which fin-tech company has launched Stock Trading services on its platform?
[A] Paytm
[B] Freecharge
[C] PhonePe
[D] Google Pay
Show Answer
Correct Answer: A [Paytm]
Notes:
Paytm Money, a leading Indian e-commerce payment system and financial technology company has launched Stock Trading services on its platform.
It has launched the service in its beta version of Paytm Money App initially. The cash delivery trades are free on the application with minimal charge for intraday charges. It also permits a fully digital KYC and paperless accounting process.
44. Technology major Facebook has proposed to expand which feature to Indian users in the near future?
[A] Facebook Chat
[B] Facebook Money
[C] Facebook News
[D] Facebook Feed
Show Answer
Correct Answer: C [Facebook News]
Notes:
Social Media major Facebook had launched “Face Book News” in the USA. It has decided to expand this feature in India, UK, Germany, France and Brazil.
The company has also stated that it would pay for the content given to the company by news publishers. Facebook has proposed to associate closely with the popular news agencies and publishers in India to deliver better experience for its users.
45. Which organization is to procure 250 electric vehicles from Tata Motors and Hyundai Motors?
[A] BEE
[B] EESL
[C] NTPC
[D] ONGC
Show Answer
Correct Answer: B [EESL]
Notes:
The Ministry of Power’s Energy Efficiency Services Limited (EESL) is set to procure 250 electric vehicles from Tata Motors and Hyundai Motors.
The government’s electric vehicles procurement arm, will procure 150 units of Tata Nexon EV and 100 units of Hyundai Kona EV. The companies were selected by way of an international competitive bidding.
46. India has signed a USD 500 million loan agreement with which financial institution, for Delhi-Meerut RRTS corridor?
[A] World Bank
[B] ADB
[C] AIIB
[D] NDB
Show Answer
Correct Answer: B [ADB]
Notes:
India has signed a 500-million-dollar loan agreement with Asian Development Bank (ADB) recently.
This is the first tranche of one-billion-dollar credit facility offered by ADB to build high-speed Delhi-Meerut regional rapid transit system (RRTS) corridor. The RRTS is 82 km long and is aimed to improve the connectivity and mobility in the national capital region.
47. Which is the first Indian company to surpass USD 200 billion in market capitalisation mark?
[A] TCS
[B] RIL
[C] IOCL
[D] NTPC
Show Answer
Correct Answer: B [RIL]
Notes:
Reliance Industries Limited (RIL) has become the first Indian company to surpass USD 200 billion in market capitalisation. The RIL had market capitalisation of Rs.15.3 trillion (USD 208 billion).
RIL is followed by Tata Consultancy Services (TCS) with market capitalization of Rs 8.75 trillion (USD 119 billion). RIL is the 40th most valuable firm globally.
48. Which body has issued guidelines to Banks regarding the appointment of Chief Compliance Officer (CCO)?
[A] Finance Ministry
[B] SEBI
[C] CVC
[D] RBI
Show Answer
Correct Answer: D [RBI]
Notes:
The Reserve Bank of India (RBI) has issued guidelines regarding Compliance Functions in Banks and Role of Chief Compliance Officer (CCO).
The guidelines direct that all banks should have a board approved Compliance Policy and Appointment of CCO. The CCO shall be a senior executive of the bank, preferably in the rank of a General Manager.
49. Which institution has estimated that Asia’s economy will contract for the first time since 1962?
[A] World Bank
[B] Asian Development Bank
[C] BRICS Bank
[D] International Monetary Fund
Show Answer
Correct Answer: B [Asian Development Bank]
Notes:
According to the Asian Development Bank, Asia’s economy will contract for the first time since the early 1960s.
The bank had earlier projected that the GDP would grow by 0.1 per cent. Now, it is estimated that Asia’s GDP would decline by 0.7 per cent in 2020 and would increase to 7.7 per cent in 2021. It also highlighted that the GD in India would contract by 9% this year.
50. Which country has recently amended its Procurement rules focussing on Reciprocal Participation?
[A] China
[B] USA
[C] India
[D] Russia
Show Answer
Correct Answer: C [India]
Notes:
India has recently amended its public procurement rules. Under the amended rules, entities of countries which do not allow Indian companies to participate in their government procurement will not be allowed to participate in government procurement in India.
This amendment been notified by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce.
