41.Fintech services provider PayU is set to acquire which Indian fintech company for $4.7 bn?
[A] Razorpay
[B] BillDesk
[C] Mobikwik
[D] Pine Labs
Hide Answer
Correct Answer: B [BillDesk]
Notes:- Fintech services provider PayU is set to acquire Indian digital payments provider- BillDesk for $4.7 billion.
- This is set to be one of the largest deals in the Indian fintech sector.
- After this, PayU, the payments and fintech business of Prosus which operates in more than 20 high-growth markets, will become one of the leading online payment providers globally
42.What is the name of the currency floated by the IMF, whose quota for India has been recently increased?
[A] Special Drawing Rights
[B] Specialty Drawing Rights
[C] Forex Currency Drawing Rights
[D] Special Currency Reserve
Hide Answer
Correct Answer: A [Special Drawing Rights]
Notes:- The Special Drawing Rights (SDR) is the alternate reserve currency floated by the International Monetary Fund (IMF).
- Using the SDR, the member countries can freely perform forex transactions among themselves.
- SDR forms a part of India’s total Forex reserves as at any particular time.
- Recently, the IMF has increased the SDR quota for India to 12.57 billion, whose value is nearly $17.86 billion.
43.With which organization, Davinta has partnered to provide credit facilities to MSMEs?
[A] State Bank of India
[B] Flipkart Wholesale
[C] Canara Bank
[D] Amazon
Hide Answer
Correct Answer: B [Flipkart Wholesale]
Notes:
Flipkart Group’s B2B digital marketplace Flipkart Wholesale has partnered with Davinta a SME lending platform to provide credit facilities for affiliated retailers. Both the organizations will provide MSME and Kiranas with a buy now pay later (BNPL) credit facility. Davinta is headquartered in Bangalore and was founded by former Flipkart CTO Ravi Garikipati and American entrepreneur Raj Vattikuti.
44.What is the theme for RBI’s fourth regulatory sandbox cohort?
[A] MSME Lending
[B] Retail Lensing
[C] International Banking
[D] Financial Frauds
Hide Answer
Correct Answer: D [Financial Frauds]
Notes:
The RBI Governor – Shri. Shaktikanta Das has announced that the fourth regulatory sandbox cohort of the Reserve Bank would be on “Financial Frauds”.
It has been stated that the main focus would be on “reduce the lag between the occurrence and detection of frauds” and to “strengthen the governance structure”.
45.Which bank/institution conducted a study titled “Prospects for Enhancing India Japan Trade Relations”?
[A] State Bank of India
[B] Reserve Bank of India
[C] Exim Bank
[D] NABARD
Hide Answer
Correct Answer: C [Exim Bank]
Notes:
India Exim Bank conducted a study titled “Prospects for Enhancing India Japan Trade Relations”. It has highlighted that over the past decade, India’s total trade with Japan has increased from 18 billion, with exports valued at US 13 billion in 2019.
It also noted that despite having a Comprehensive Economic Partnership Agreement (CEPA) with Japan, India is undergoing a persistent trade deficit with Japan, which has doubled during the decade, to almost US$ 8 billion in 2019.
46.As per the recent SBI Ecowrap report, what is the projected GDP growth of India in 2021-22?
[A] 7.3-7.6
[B] 9.3-9.6
[C] 11.3-11.6
[D] 13.3-13.6
Hide Answer
Correct Answer: B [9.3-9.6]
Notes:
According to an SBI research report- Ecowrap, India’s GDP growth is likely to be in the range of 9.3-9.6 per cent during 2021-22 (FY22), from its earlier estimate of 8.5-9 per cent
It also forecasted around 8.1 per cent growth in the second quarter of the current fiscal year. For the FY22, the RBI has estimated real GDP growth to be at 9.5 per cent.
47.Which institution released the publication titled ‘State Finances: A Study of Budgets of 2021-22’?
[A] NITI Aayog
[B] RBI
[C] Finance Ministry
[D] ADB
Hide Answer
Correct Answer: B [RBI]
Notes:
The Reserve Bank’s annual publication titled ‘State Finances: A Study of Budgets of 2021-22’ was released recently.
As per the report, the combined debt-to-GDP ratio of states is expected to remain at 31 per cent by end-March 2022 which is higher than the target of 20 per cent to be achieved by 2022-23 (FY23).
48.Which is the world’s most valuable edtech company,as of 2021?
[A] Duolingo
[B] Byju’s
[C] Tribal-learning
[D] Coursera
Hide Answer
Correct Answer: B [Byju’s]
Notes:
Bangalore-based Byju’s is an Indian multinational educational technology (ed-tech) company. It is the world’s most valuable ed-tech company with the m-cap of 100 million. GeoGebra is an interactive mathematics learning tool. This is also the ninth major acquisition of Byju’s.
49.The Legal Entity Identifier (LEI) is mandated for cross-border transactions of above which limit?
[A] Rs 20 crore
[B] Rs 50 crore
[C] Rs 100 crore
[D] Rs 250 crore
Hide Answer
Correct Answer: B [Rs 50 crore]
Notes:
The Reserve Bank of India (RBI) has made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account transactions of Rs 50 crore and above, from October 1 next year.
LEI is a 20-digit number used to identify parties to financial transactions worldwide to improve the accuracy of financial data systems. Banks should obtain LEI numbers from local companies undertaking capital or current account transactions of Rs 50 crore and above, for each transaction.
50.As of 2022, how many banks are classified as Systemically Important Banks (D-SIBs) in India?
Hide Answer
Correct Answer: B [3]
Notes:
The Reserve Bank of India announced that SBI, ICICI Bank and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs).
These banks are Too big to fail and they need to maintain an additional Common Equity Tier 1 (CET1) capital, in addition to the capital conservation buffer. The update is based on the data collected from banks as on March 31, 2021.