31. Which regulatory body has recently introduced framework for regulatory sandbox?
[A] RBI
[B] NABARD
[C] SEBI
[D] IFSCA
Show Answer
Correct Answer: D [IFSCA]
Notes:
A framework for regulatory sandbox has been introduced by International Financial Services Centres Authority (IFSCA).
Under this sandbox framework, companies operating in the capital market, banking, insurance and financial services can test their Fin Tech solutions in a live environment. The IFSCA was established on 27th April 2020 with head office in Gandhinagar.
32. Who is the head of the IRDAI working group that has proposed Surety Bonds?
[A] G Srinivasan
[B] Ashok Mehta
[C] Injeti Srinivas
[D] Uday Kotak
Show Answer
Correct Answer: A [G Srinivasan]
Notes:
Insurance Regulatory and Development Authority of India (IRDAI) has set up a working group headed by former New India Assurance Chairman G Srinivasan. The committee has been set up to study the suitability of offering surety bonds by Indian insurance industry.
Surety bonds protect the beneficiary against events that impair the underlying obligations of the principal. The committee has favoured the introduction of Surety Bonds in the insurance sector.
33. Which Union Ministry has launched ‘e-Dharti Geo portal’?
[A] Ministry of Housing and Urban Affairs
[B] Ministry of Agriculture
[C] Ministry of Environment
[D] Ministry of Home Affairs
Show Answer
Correct Answer: A [Ministry of Housing and Urban Affairs]
Notes:
Union Housing and Urban Affairs Minister Hardeep Singh Puri has recently launched the ‘e-Dharti Geo Portal’.
The portal aims to integrate legacy drawings such as maps and lease plans in the management information system named e-Dharti and make it a geographic information system (GIS)-enabled system.
34. Which country has given complete approval for using Antiviral Drug Remdesivir to treat COVID-19?
[A] India
[B] United States
[C] Japan
[D] New Zealand
Show Answer
Correct Answer: B [United States]
Notes:
The US Food and Drug Administration has recently granted full approval to the antiviral drug Remdesivir as a treatment for patients hospitalized with Covid-19.
The organisation had given conditional authorization in May. USFDA also announced that the drug, sold under the brand name Veklury, was the only specific treatment for Covid-19 approved so far.
35. What is the minimum Net Owned Fund (NOF) size for housing finance companies, as per the recent notification of the RBI?
[A] Rs 10 crore
[B] Rs 25 crore
[C] Rs 50 crore
[D] Rs 100 crore
Show Answer
Correct Answer: B [Rs 25 crore]
Notes:
The Reserve Bank of India (RBI) has fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore.
As per the RBI notification, the housing finance companies (HFCs) that hold a Certificate of Registration (CoR) and having an NOF of less than Rs 25 crore will be required to achieve NOF of Rs 15 crore by March 31, 2022 and Rs 25 crore by March 31, 2023.
36. What is the minimum Net Owned Fund (NOF) size for housing finance companies, as per the recent notification of the RBI?
[A] Rs 10 crore
[B] Rs 25 crore
[C] Rs 50 crore
[D] Rs 100 crore
Show Answer
Correct Answer: B [Rs 25 crore]
Notes:
The Reserve Bank of India (RBI) has fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore.
As per the RBI notification, the housing finance companies (HFCs) that hold a Certificate of Registration (CoR) and having an NOF of less than Rs 25 crore will be required to achieve NOF of Rs 15 crore by March 31, 2022 and Rs 25 crore by March 31, 2023.
37. Which country has launched its ‘Flash Flood Guidance’ system to provide forecasting services to South-Asian countries?
[A] Japan
[B] India
[C] China
[D] Singapore
Show Answer
Correct Answer: B [India]
Notes:
India has launched ‘Flash Flood Guidance’ services for itself and other South Asian countries including Bangladesh, Bhutan, Nepal, and Sri Lanka, to provide impact-based forecasting.
The Flash Flood Guidance system has been designed by the India Meteorological Department (IMD), to provide forecasting of flash floods which occur at short duration. The services are provided at watershed and city level.
38. What is the name of the vaccine candidate that is being developed by Bharat Biotech?
[A] CovD
[B] DCov
[C] Covaxin
[D] CovidD
Show Answer
Correct Answer: C [Covaxin]
Notes:
The Coronavirus vaccine being developed by Bharat Biotech named Covaxin has been recently cleared for third phase of clinical trials.
The vaccine is being developed in collaboration with Indian Council of Medical Research (ICMR). The approval for phase 3 trials has been given by Drugs Controller General of India (DCGI).
39. The Aditya Birla Fashion and Retail Ltd (ABFRL) has proposed to raise Rs.1500 crore from which company?
[A] Reliance India Limited
[B] Adani Group
[C] Flipkart Group
[D] Amazon India
Show Answer
Correct Answer: C [Flipkart Group]
Notes:
Aditya Birla Fashion and Retail Ltd (ABFRL) has proposed to raise a sum of Rs.1,500 crore from Flipkart Group. This fund rising would be by means of preferential issue of shares.
The capital would be raised at Rs.205 per share. With this capital infusion Flipkart Group will own 7.8% equity stake in ABFRL.
40. Which Public Sector Company has been granted permission to use drones for inspection activities?
[A] ONGC
[B] Indian Oil Corporation Limited
[C] Oil India Limited
[D] NTPC Limited
Show Answer
Correct Answer: D [NTPC Limited]
Notes:
NTPC Limited has been permitted to use Remotely Piloted Aircraft System (RPAS) or drones, for carrying out research and inspection activities. The permission has been granted by the Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA).
NTPC would use drones at Vindhyachal Super Thermal Power Station, Madhya Pradesh, Gadarwara Super Thermal Power Plant, Madhya Pradesh, and Sipat Super Thermal Power Project, Chhattisgarh.
