21. The Reserve Bank of India has directed to implement System Based Asset Classification to which type of financial institutions?
[A] Small Finance Banks
[B] Urban Cooperative Banks
[C] Regional Rural Banks
[D] Primary Dealers
Show Answer
Correct Answer: B [Urban Cooperative Banks]
Notes:
With an aim to improve the efficiency and transparency in asset classification process, the Reserve Bank of India issued a direction to implement “system-based asset classification” in Urban Co-operative Banks (UCBs).
Those UCBs having total assets of Rs.2000 crore or above as on 31st March 2020, should implement system-based asset classification from 30th June 2021. Those UCBs having total assets equal to or more than Rs.1000 crore but less than Rs.2000 crore shall implement it from 30th September 2021.
22. Which country has recently initiated a campaign named “Clean Plate Campaign 2.0” to reduce food wastage?
[A] USA
[B] China
[C] UAE
[D] Saudi Arabia
Show Answer
Correct Answer: B [China]
Notes:
China has initiated a new campaign to reduce food waste, called the “Clean Plate Campaign 2.0”.
The campaign has been implemented after the Chinese President Xi Jinping highlighted that Covid-19 had created an alarming situation on food waste. The first version of Clean Plate Campaign was launched in 2013 which aimed at restricting excessive official feasts and receptions.
23. Which Union Ministry implements Atal Mission for Rejuvenation and Urban Transformation (AMRUT)?
[A] Ministry of Home Affairs
[B] Ministry of Housing and Urban Affairs
[C] Ministry of Rural Development
[D] Ministry of Agriculture and Farmers welfare
Show Answer
Correct Answer: B [Ministry of Housing and Urban Affairs]
Notes:
Union Ministry of Housing and Urban Affairs implements the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
The scheme aims to provide basic infrastructure for water supply, sewage and seepage management in 500 Mission cities. Recently, the scheme was in news because the states across India have completed 2,854 projects worth ₹11,110 crore under the scheme. Tamil Nadu completed the highest number of works.
24. What is the name of the platform unveiled by the Prime Minister as a part of taxation reform?
[A] Honest Tax Payer Dashboard
[B] Transparent Taxation–Honoring the Honest
[C] Faceless assessment Yojana
[D] PM Transparency
Show Answer
Correct Answer: B [Transparent Taxation–Honoring the Honest]
Notes:
The Indian Prime Minister Narendra Modi has launched a new platform ‘Transparent Taxation – Honoring the Honest’.
The platform aims to ease the compliance and fast- track the refunds so that all honest taxpayers are benefitted. Three main features of the platform include faceless assessment, faceless appeal and tax payers’ charter.
25. Which Indian state is to launch a direct benefit transfer scheme named “Arunodoi (Orunodoi)”?
[A] Assam
[B] Sikkim
[C] Maharashtra
[D] Gujarat
Show Answer
Correct Answer: A [Assam]
Notes:
The state of Assam has proposed to launch a Direct Benefit Transfer (DBT) scheme named “Arunodoi”.
This scheme will be launched in lines with the flagship DBT scheme Jan Dhan Yojana. This is claimed as the largest DBT scheme of Assam till date. The scheme also called as Orunodoi, seeks to transfer Rs 830 per month to around 19.7 lakh families. The main beneficiaries of the scheme will be women.
26. Steel Ministry is to conduct a Webinar titled “Fostering Steel Usage in Housing & Building Construction and Aviation Sectors”, along with which organization?
[A] CII
[B] FICCI
[C] ASSOCHAM
[D] L&T
Show Answer
Correct Answer: A [CII]
Notes:
The Union Steel Ministry, in association with Confederation of Indian Industry (CII), has proposed to organise a webinar titled ‘Atmanirbhar Bharat: Fostering Steel Usage in Housing & Building Construction and Aviation Sectors’.
The webinar would be conducted with the Union Ministry of Housing and Urban Affairs, and Ministry of Civil Aviation. It would focus on promoting designs and construction in Building, Housing, and Airport Projects.
27. As per the Ministry of New and Renewable energy, all ongoing renewable energy projects are given time extension by how many months?
[A] 3 months
[B] 5 months
[C] 6 months
[D] 12 months
Show Answer
Correct Answer: B [5 months]
Notes:
A five-month time extension has been given by the Ministry of New and Renewable Energy (MNRE) from 25th March 2020 to 24th August 2020 to all the Renewable Energy Projects under implementation.
The implementing agencies have been directed to treat COVID 19 as a “Force Majeure”. This move is followed by the representation from various implementing agencies demanding extension of time due to COVID 19-imposed national lockdown.
28. Which organisation to establish a “Centre of excellence” in Uttar Pradesh Defence corridor?
[A] DRDO
[B] Indian Navy
[C] ONGC
[D] NHAI
Show Answer
Correct Answer: B [Indian Navy]
Notes:
Indian Navy has signed a deal with Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) for setting up a “Centre of excellence”. The Centre of excellence is to come up in the Defence corridor of Uttar Pradesh.
The centre of excellence would provide solutions to the problems and challenges of the Indian Navy. The centre is proposed to be established with the help of IIT, BHU and other prominent institutions of the country.
29. National Stock Exchange has developed Platform for Investor Education (PIE) along with which institution?
[A] Indian Institute of Technology – Bombay
[B] Indian Institute of Management – Bangalore
[C] Xavier Labour Research Institute
[D] National Institute of Industrial Engineering
Show Answer
Correct Answer: B [Indian Institute of Management – Bangalore]
Notes:
The Platform for Investor Education (PIE) has been launched by the IIM Bangalore and National Stock Exchange (NSE) – Investor Protection Fund Trust.
The platform would help in investor education through simple and easy-to-understand audio-visual format. It will reflect the current developments in financial markets through the research initiative by the faculty of IIM Bangalore.
30. Which country has approved a rapid saliva test to detect Covid-19 named ‘Saliva Direct’?
[A] China
[B] United States
[C] Russia
[D] United Kingdom
Show Answer
Correct Answer: B [United States]
Notes:
The United States Food and Drug Administration (FDA) has recently approved a new rapid saliva test to detect Covid-19 named ‘Saliva Direct’.
The new inexpensive test uses only saliva samples instead of the nasal and throat swabs to detect the coronavirus samples. As per the administration, the test also has higher sensitivity when compared to the usual methods of testing.