GA Revision for Banking and Other Exams – 1071

1. Which company has now acquired a 100% stake in Urja Money Pvt. Ltd., which provides a loan management system through its proprietary solution, CreditMate?
   A) Mobikwik
   B) Cred
   C) Paytm
   D) PayPal
   
   
   

   
   Option C
   Explanation: Digital payments major, Paytm, has now acquired a 100% stake in Urja Money Pvt. Ltd., which provides a loan management system through its proprietary solution, CreditMate.

   
   
2. Government of Manipur have signed a Memorandum of Agreement (MoA) with which company to establish first of its kind center for Invention, Innovation, Incubation & Training (CIIIT) on Industrial Experiential Learning & Development at Manipur?
   A) Tata Tech
   B) Oswal Tech
   C) HCL
   D) TCS
   
   
   

   
   Option A
   Explanation: Tata Technologies and the Government of Manipur have signed a Memorandum of Agreement (MoA) to establish first of its kind center for Invention, Innovation, Incubation & Training (CIIIT) on Industrial Experiential Learning & Development at Manipur.

   
   
3. What is the limit of fund transfer using UPI?
   A) Rs 20,000
   B) Rs 10,000
   C) Rs 50,000
   D) Rs 1 Lakh
   
   
   

   
   Option D
   Explanation: At present, the UPI transfer limit per UPI transaction is ₹1 Lakh. This limit is enabled as UPI is based on IMPS technology. In most of the cases, the maximum number of UPI transactions is limited to 20. Although the transaction limit per UPI transaction is ₹1 lakh, the upper limit depends on bank-to-bank.

   
   
4. Who headed the committee to suggest ways for GST rate rationalisation, eliminate inverted duty structure?
   A) Ajit Pawar
   B) Basavaraj S Bommai
   C) Yogi Adityanath
   D) Nirmala Sitharaman
   
   
   

   
   Option B
   Explanation: After four years of implementation, the Centre and States have initiated an exercise to rework the rates slab under the Goods and Services Tax (GST), with the formation of a Group of Ministers (GoM).

   
   
5. Who clinched the gold medal in the women’s 25-metre air pistol event of the ISSF Junior World Championship in Lima, Peru?
   A) Manu Bhaker
   B) Avantika Chaudhary
   C) Naamya Kapoor
   D) Akanksha Chaturvedi
   
   
   

   
   Option C
   Explanation: India’s 14-year-old shooter Naamya Kapoor clinched the gold medal in the women’s 25-metre air pistol event of the ISSF Junior World Championship in Lima, Peru.

   
   
6. NTPC Renewable Energy Ltd (NTPC REL) has signed the first green term loan agreement of Rs 500 crore with which bank?
   A) Bank of India
   B) IDBI Bank
   C) SBI
   D) PNB
   
   
   

   
   Option A
   Explanation: State-run power giant NTPC said its arm NTPC Renewable Energy Ltd (NTPC REL) has signed the first green term loan agreement of Rs 500 crore with Bank of India.

   
   
7. Where is the HQ of National Hydroelectric Power Generation Corporation of India?
   A) Mumbai
   B) Gwalior
   C) Nagpur
   D) Faridabad
   
   
   

   
   Option D
   Explanation: NHPC Limited (National Hydroelectric Power Corporation) is an Indian government hydropower board under the ownership of Ministry of Power, Government of India that was incorporated in the year 1975 with an authorised capital of ₹2,000 million and with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects.

   
   
8. Which organisation has signed an MoU with the Natural History Museum (NHM) London to work together to collect, study and conserve faunal specimens for science and to create and exchange associated data and images?
   A) The Cultural Art Institute
   B) Zoological Survey of India
   C) Botanical Survey of India
   D) International Science institute
   
   
   

   
   Option B
   Explanation: The Zoological Survey of India (ZSI) has signed an MoU with the Natural History Museum (NHM) London to work together to collect, study and conserve faunal specimens for science and to create and exchange associated data and images.The MoU will be for five years.

   
   
9. Who has taken charge as Managing Director of Life Insurance Corporation of India?
   A) BC Patnaik
   B) Manju Sharma
   C) Ravi Mishra
   D) Mahesh Sharma
   
   
   

   
   Option A
   Explanation: BC Patnaik has taken charge as Managing Director of Life Insurance Corporation of India.

   
   
10. Which became the first local credit rating company to be associated with the Principles for Responsible Investment (PRI), a United Nations-backed initiative that deals with ESG (Environment Social Governance) credit risk?
    A) Cred
    B) Stankey
    C) Crisil
    D) Acute Ratings and Research
    
    
    

    
    Option D
    Explanation: Acuité Ratings & Research became the first local credit rating company to be associated with the Principles for Responsible Investment (PRI), a United Nations-backed initiative that deals with ESG (Environment Social Governance) credit risk.

    
    
11. Which of the following was introduced to increase ease of bill payments in the country?
    A) BQR
    B) ABPS
    C) BBPS
    D) NACH
    
    
    

    
    Option C
    Explanation: Bharat Bill Payment System (BBPS) is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered member as Agent Institutions, enabling multiple payment modes, and providing instant confirmation of payment.

    
    
12. In September 2021, Prime Minister Narendra Modi launched the Ayushman Bharat Digital Mission.It is being implemented in pilot phases in how many UTs?
    A) 6
    B) 4
    C) 8
    D) 2
    
    
    

    
    Option A
    Explanation: Prime Minister Narendra Modi launched the Ayushman Bharat Digital Mission, saying it had the potential to bring “revolutionary changes in our health facilities”.The mission is currently being implemented in the pilot phase in six Union Territories.

    
    
13. Who has been named Tunisia’s first female prime minister?
    A) Namma Bouden
    B) Tunis Femisia
    C) Jacimdia Arden
    D) Najla Bouden Romdhane
    
    
    

    
    Option D
    Explanation: Najla Bouden Romdhane has been named Tunisia’s first female prime minister, two months after President Kais Saied assumed executive authority, sacked the prime minister and suspended parliament.

    
    
14. Where is the “Kalighat Mandir” situated?
    A) Madhya Pradesh
    B) Maharashtra
    C) West Bengal
    D) Andhra Pradesh
    
    
    

    
    Option C
    Explanation: Kalighat Kali Temple is a Hindu temple in Kalighat, Kolkata, West Bengal, India dedicated to the Hindu goddess Kali. It is one of the 51 Shakti Peethas. There are four main Adi Shakti Peethas where one of the body parts of Goddess Sati fell in each of the temples.

    
    
15. How much amount of loan was approved by Asian Infrastructure Investment Bank for expansion of Chennai Metro Rail System?
    A) USD 100 million
    B) USD 345 million
    C) USD 400 million
    D) USD 356 million
    
    
    

    
    Option D
    Explanation: The Asian Infrastructure Investment Bank (AIIB) has approved a USD356.67 million loan to the Government of India to support the expansion of the Chennai metro rail system.