1. As per the RBI’s Financial Stability Report, what is the average time taken for resolution of corporate insolvency?
[A] 330 days
[B] 300 days
[C] 400 days
[D] 433 days
Hide Answer
Correct Answer: D [433 days]
Notes:
The Reserve Bank of India had recently released its Financial Stability Report. The report states that, as of September 2020, it took an average of 433 days for resolution of corporate insolvency, under the IBC.
As per Insolvency and Bankruptcy Code (IBC) launched in 2019, the maximum time within which insolvency has to be resolved is 330 days.
2.The CCEA approved hike in Minimum Support Price of Copra, in line with whose recommendation?
[A] K Santhanam
[B] M S Swaminathan
[C] Varghese Kurian
[D] Saran Singh
Hide Answer
Correct Answer: B [M S Swaminathan]
Notes:
The Cabinet Committee on Economic Affairs (CCEA) approved the Minimum Support Prices (MSPs) for milling copra and ball copra.
As per M S Swaminathan recommendations, the increase in MSP has been approved. The MSP of copra was raised by Rs 375 from the previous year, 2020 to Rs 10,335 per quintal. Farmers of 12 coastal states are likely to impact by the price hike.
3.Which global digital payment company has announced to shut down its payment operations in India?
[A] Pay Pal
[B] Capital One
[C] American Express
[D] Aeropay
Hide Answer
Correct Answer: A [Pay Pal]
Notes:
American digital payments major, PayPal Inc. announced that it will shut down its payment operations in the country.
PayPal, which was offering its payment gateway to Indian brands and online merchants, will shut down its domestic payment services in India, from April 1. It was also providing international remittance services for small and medium enterprises.
4.The ‘NPCI PayAuth Challenge’ global hackathon, is supported by which international platform?
[A] APIX
[B] SoFi
[C] Coinbase
[D] Stripe
Hide Answer
Correct Answer: A [APIX]
Notes:
National Payments Corporation of India (NPCI) is set to launch ‘NPCI PayAuth Challenge’, a global-level hackathon.
The hackathon is supported by the world’s first open architecture API marketplace, APIX. It is a cross-border sandbox platform. The hackathon aims to get alternatives for the authentication of Unified Payments Interface (UPI) transactions.
5.Which institution is to provide Rs 100 crore to Gurgaon-based hospital chain Medanta, to fight Covid-19 pandemic?
[A] AIIB
[B] ADB
[C] World Bank
[D] IMF
Hide Answer
Correct Answer: B [ADB]
Notes:
The Asian Development Bank (ADB) announced that it will provide Rs 100 crore loan to Gurgaon-based hospital chain Medanta.
The financial assistance would aid the multi-speciality hospital chain in enhancing healthcare services and medical equipment to fight the COVID-19 pandemic. It also includes staff training programmes on infection control.
6.The resolution plan for DHFL submitted by which company has been approved by RBI?
[A] Tata Group
[B] Adani Group
[C] State Bank of India
[D] Piramal Capital and Housing Finance
Hide Answer
Correct Answer: D [Piramal Capital and Housing Finance]
Notes:
The resolution plan for the dent ridden Dewan Housing Finance Ltd (DHFL), submitted by Piramal Capital and Housing Finance has been recently approved by the Reserve Bank of India.
In 2019, RBI referred the case of DHFL to National Companies Law Tribunal (NCLT). The committee of creditors (CoC) had earlier in January approved the plan submitted by Piramal Capital.
7.Which bank has launched a dedicated app to provide low-cost digital payments infrastructure to merchants?
[A] Bank of Baroda
[B] Indian Bank
[C] Indian Overseas Bank
[D] State Bank of India
Hide Answer
Correct Answer: D [State Bank of India]
Notes:
The country’s largest lender – The State Bank of India has recently launched a dedicated app named YONO MERCHANT to provide low-cost digital payments infrastructure to merchants. The app has been launched by the Bank’s subsidiary SBI Payments.
This is a part of SBI’s plan to employ low-cost digital payments infrastructure to 20 million merchants in the country for next 2 year.
8.What is the outlay of the Production Linked Incentive (PLI) Scheme approved for the pharmaceuticals and IT hardware sector?
[A] Rs 15000 crore, Rs 7350 crore
[B] Rs 12000 crore, Rs 5750 crore
[C] Rs 10000 crore, Rs 2340 crore
[D] Rs 8000 crore, Rs 1250 crore
Hide Answer
Correct Answer: A [Rs 15000 crore, Rs 7350 crore]
Notes:
The Union Cabinet has recently approved the Production Linked Incentive (PLI) Scheme for the pharmaceuticals and IT hardware sectors.
The PLI scheme for pharmaceuticals with an outlay of Rs 15000 crore, has a duration of nine years, till 2028-29. The Cabinet also approved the PLI Scheme for IT hardware such as laptops, tablets, all-in-one PCs and servers with an outlay of Rs 7350 crore.
9.As per the Finance Ministry, which type of banks are allowed to participate in government related business?
[A] Regional Rural Banks
[B] Private sector banks
[C] Cooperative Banks
[D] Foreign Banks
Hide Answer
Correct Answer: B [Private sector banks]
Notes:
As per a Finance ministry communication, all private sector banks are allowed to participate in government-related business.
At present, only a select few large private sector are allowed to conduct government-related business, like collection of taxes, pension payments and small savings schemes. The Government has also conveyed its decision to RBI.
10.Which Indian bank launched a dedicated programme for women called ‘SmartUp Unnati programme’?
[A] ICICI Bank
[B] HDFC Bank
[C] Axis Bank
[D] Yes Bank
Hide Answer
Correct Answer: B [HDFC Bank]
Notes:
Leading private sector bank HDFC Bank has announced the launch of a dedicated programme on the occasion of International Women’ Day.
Called as the ‘SmartUp Unnati programme’, it aims to mentor women entrepreneurs by senior women leaders at the bank, over the next one year.