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1. Which bank roped in Olympic Gold medalist A. Infosys
Neeraj Chopra for its public awareness campaign B. Hindustan Unilever
to warn people against digital banking frauds? C. ICICI Bank
D. Bajaj Finance
A. State Bank of India
B. Bank of Baroda 7. Which bank has partnered with the Paytm to
C. Reserve Bank of India share their network and provide digital lending
D. Canara Bank and payment solutions for consumers and
merchants across India?
2. Which oil company is going to build India’s
first green hydrogen plant? A. ICICI Bank
B. HDFC Bank
A. Oil India Ltd C. Axis Bank
B. Indian Oil Corporation D. Kotak Mahindra Bank
C. Hindustan Petroleum Corporation
D. Gas Authority of India 8. Which Intergovernmental bank has launched a
new ‘Cybersecurity Multi-Donor Trust Fund’, to
3. Which state government has partners with better roll out cybersecurity development agenda
Google to Give Real-time Info about Buses to in a systematic manner?
Commuters?
A. Asian Development Bank
A. Maharashtra B. World Bank
B. Uttar Pradesh C. New Development Bank
C. Karnataka D. Asian Infrastructure Investment Bank
D. Delhi
9. Which regulatory body has constituted the Task
4. Which state will be the first Indian state to issue Force on Offshore Rupee Markets?
educational documents using blockchain
technology? A. RBI
B. SEBI
A. Maharashtra C. SIDBI
B. Madhya Pradesh D. IRDAI
C. Karnataka
D. Tamil Nadu 10. According to the India Ratings (Ind-Ra) what
will be the growth rate of Indian GDP for FY22?
5.The N S Viswanathan Committee, appointed by
the Reserve bank of India suggested a _______ A. 9.1%
structure for the urban cooperative banks (UCBs) B. 9.2%
depending upon the deposits and prescribed C. 9.3%
different capital adequacy and regulatory norms D. 9.4%
for them based on their sizes.
11. Which bank has launched green and
A. one-tier sustainable deposits programme for retail clients
B. two-tier to safeguard the environment from climate
C. three-tier change?
D. four-tier
A. ICICI Bank
6. Which becomes the 4th Indian company to B. Yes Bank
touch a market capitalization (m-cap) of USD 100 C. HDFC Bank
billion? D. Axis Bank

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12. Which became India’s first cryptocurrency
unicorn after the exchange raised 6.70 billion
rupees ($90 million) from investors led by
Facebook Inc.?
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17. According to data released by the Reserve
Bank of India (RBI) what percent of growth in
digital payments in India have been recorded
during the financial year 2020-21?

A. WazirX A. 20.25%
B. CoinDCX B. 25.59%
C. Zebpay C. 30.19%
D. CoinSwitch Kuber D. 33.76%

13. According to the bi-monthly monetary policy 18. Who regulates financial system in India?
released by the RBI in August 2021 what is the
GDP growth forecast for FY22? A. Central Government
B. SEBI
A. 12.5% C. RBI
B. 11 .5% D. IRDAI
C. 11%
D. 9 .5% 19. Which financial institution has launched new
health insurance plan called Arogya Rakshak?
14. Billionaire Mukesh Ambani's oil-to-telecom
conglomerate Reliance Industries Ltd ranked at A. SBI
which place in the 2021 Fortune Global 500 list? B. SEBI
C. LIC
A. 135th D. IRDAI
B. 145th
C. 155th 20. International Financial Services Centres
D. 166th Authority (IFSCA) has issued framework for
Setting up and operating International Trade
15. Which company ranked first in the 2021 Finance Services Platform (ITFS). The IFSCA is
Fortune Global 500 list released recently? situated in which city of India?

A. Walmart A. Gandhinagar
B. State Grid B. Ahmedabad
C. Amazon C. Surat
D. China National Petroleum D. Baroda

16. e-voucher-based digital payment solution, e- 21. What is India’s position as Foreign Exchange
RUPI has been developed by which of the Reserve holder?
following that was launched by the Prime Minister
Narendra Modi? A. 3rd
B. 4th
A. Indian Financial Technology and Allied C. 5th
Services (IFTAS) D. 6th
B. National Payments Corporation of India
(NPCI)
C. Reserve Bank Information Technology Private 22. Which digital payments platform has
Limited (ReBIT) partnered with Flipkart to launch contactless ‘Scan
D. Bharat Bill Payment System (BBPS) and Pay’ feature for the e-commerce major’s pay-
on-delivery orders?

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A. PhonePe C. Amazon Pay
B. Google Pay D. Google Pay
C. Mobikwik
D. Paytm 28. Which state has recently held first
ever elections of Balika Panchayat that will take
23. NABARD has sanctioned Rs 388 crore under up issues pertaining to adolescent girls and
the Rural Infrastructure Development Fund women in the village?
(RIDF) for four drinking water and 20 rural road
projects in which state? A. Maharashtra
B. Punjab
A. Jharkhand C. Gujarat
B. Madhya Pradesh D. Haryana
C. Odisha
D. Chhattisgarh 29. All housing finance companies with what asset
size has now allowed by the Finance Ministry to
24. Which company has been declared as the use SARFAESI law to recover dues?
World’s most valuable company with USD 2,443
billion according to the Hurun Global 500 Most A. Rs 100 crore
Valuable Companies list 2021? B. Rs 200 crore
C. Rs 300 crore
A. Apple D. Rs 400 crore
B. Microsoft
C. SpaceX 30. Which becomes the first Indian bank to list its
D. Amazon $1 billion foreign currency additional tier-I (AI-1)
bonds?
25. According to provisional statistics of 2020-21
released by the coal ministry, in FY 2020-21, A. ICICI Bank
which state registered highest coal production? B. HDFC Bank
C. Axis Bank
A. Jharkhand D. Yes Bank
B. Odisha
C. Madhya Pradesh 31. NTPC Ltd has commissioned the largest
D. Chhattisgarh floating solar PV project of 25MW on the
reservoir of its Simhadri thermal power station in
26. What amount of funding in total has been ______.
announced by the World Bank for Covid-19
vaccines for developing countries? A. Hyderabad
B. Visakhapatnam
A. $08 billion C. Bhopal
B. $10 billion D. Bengaluru
C. $15 billion
D. $20 billion 32. What is the threshold for bulk deposit, which
has been revised by RBI?
27. Which digital payment company has launched
India’s first Wallet Auto Top-up feature using UPI A. Rs 2 crore and above
e-mandates for its customers? B. Rs 3 crore and above
C. Rs 4 crore and above
A. Paytm D. Rs 5 crore and above
B. PhonePe

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33. Which bank became the first bank in India to 38. What is India’s position as Foreign Exchange
achieve the milestone of issuing 1 crore Reserve holder?
FASTags?
A. 3rd
A. Airtel Payments Bank B. 4th
B. India Post Payments Bank C. 5th
C. Fino Payments Bank D. 6th
D. Paytm Payments Bank Ltd
39. Which digital payments platform has
34. The Reserve Bank of India (RBI) has decided partnered with Flipkart to launch contactless ‘Scan
to levy monetary charges of what amount on and Pay’ feature for the e-commerce major’s pay-
ATMs that run out of cash, starting 1 October, on-delivery orders?
2021?
A. PhonePe
A. Rs 2000 B. Google Pay
B. Rs 5000 C. Mobikwik
C. Rs 10000 D. Paytm
D. Rs 15000
40. NABARD has sanctioned Rs 388 crore under
35. Which petroleum company has launched an the Rural Infrastructure Development Fund
AI-enabled chatbot, named as ‘URJA’ to provide (RIDF) for four drinking water and 20 rural road
a platform for seamless self-service experience projects in which state?
and faster resolution of queries/issues to its
customers? A. Jharkhand
B. Madhya Pradesh
A. Indian Oil Corporation C. Odisha
B. Bharat Petroleum Corporation D. Chhattisgarh
C. ONGC
D. Hindustan Petroleum Corporation

36. Which financial institution has launched new

health insurance plan called Arogya Rakshak?

A. SBI
B. SEBI
C. LIC
D. IRDAI

37. International Financial Services Centres

Authority (IFSCA) has issued framework for
Setting up and operating International Trade
Finance Services Platform (ITFS). The IFSCA is
situated in which city of India?

A. Gandhinagar
B. Ahmedabad
C. Surat
D. Baroda

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###ANSWERS###
1. Ans. C.
* A public awareness campaign is being run by
the Reserve Bank of India to warn people of
digital banking frauds.
* The RBI has roped in Neeraj Chopra, Olympic
gold medallist for this campaign.
2. Ans. B.
* Indian Oil Corporation Ltd. plans to expand
more into hydrogen technologies and
develop India's first green hydrogen plant.
* This project at Mathura Refinery will be
pioneering the introduction of green Hydrogen in
India.
* This will be in addition to expanding existing
crude oil refining capacity by 25 million
tonnes/year and more biofuel production plants.
3. Ans. D.
• The Delhi government joined hands with tech
giant Google to provide real-time information
about buses to commuters and make public
transport in the national capital more user friendly.
• With this partnership with Google Maps, Delhi
joins the league of global cities that provide
seamless, real-time information about public
transport.
4. Ans. A.
* Maharashtra will be the first state in India to
issue educational documents using blockchain
technology.
* Currently only Singapore, Malta and Bahrain are
the only other countries using this technology.
* For this, Maharashtra government has partnered
with LegitDoc and Each student will receive a
“certficate_LegitDoc.zip” digital file containing
the original PDF diploma certificate
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5. Ans. D.
* A Reserve Bank-appointed committee has
suggested a four-tier structure for the urban
cooperative banks (UCBs) depending upon the
deposits and prescribed different capital adequacy
and regulatory norms for them based on their
sizes.
* The RBI committee said that UCBs can be split
into four categories -- Tier-1 with deposits up to
Rs 100 crore; Tier-2 with deposits between Rs
100-Rs 1,000 crore, Tier-3 with deposits between
Rs 1,000 crore to Rs 10,000 and Tier-4 with
deposits of over Rs 10,000 crore.
* It has suggested that the minimum Capital to
Risk-Weighted Assets Ratio (CRAR) for them
could vary from 9 per cent to 15 per cent and for
Tier-4 UCBs the Basel III prescribed norms.
* In February, the RBI had the constitution of the
Expert Committee on Primary (Urban) Co-
operative Banks under the chairmanship of N S
Viswanathan, former RBI Deputy Governor.
6. Ans. A.
* Infosys became the 4th Indian company to touch
a market capitalization (m-cap) of USD 100
billion.
* Prior to Infosys, TCS, Reliance Industries and
HDFC Bank are the first three companies to cross
the market capitalization of USD 100 billion.
* According to the latest m-cap data, RIL is the
most-valued firm at Rs 13.7 trillion, followed by
TCS at Rs 13.4 trillion and HDFC Bank at Rs
8.42 trillion.
* Infosys hit 52-week high of Rs. 1,755.6 (US$
23.67), bringing market capitalization to Rs. 74.77
lakh crore (US$ 100.78 billion).
7. Ans. B.
* HDFC Bank Ltd, India’s largest private bank,
and Paytm, made a partnership to share their
network and provide digital lending and payment
solutions for consumers and merchants across
India.
6

* Under the partnership, HDFC Bank will act as
the payment partner, while Paytm will be the
distribution and software partner.
* A co-branded point of sale (POS) product in the
retail segment was jointly launched by Paytm and
HDFC Bank. The product would be offered by
Paytm to its customer base.
* They will provide the payment gateway and
POS solutions for Indian merchant partners such
as Paytm Postpaid (a Buy Now Pay Later (BNPL)
solution), Eazy EMI, and Flexi Pay.
* Through the tie-up, Paytm will offer its existing
range of Android POS devices to the merchants
who are in partnership with HDFC Bank. HDFC
Bank will also sell Paytm’s payment solutions.
* Enhanced SmartHub solution will be delivered
through the partnership.
8. Ans. B.
* The World Bank has launched a new
‘Cybersecurity Multi-Donor Trust Fund’, to better
roll out cybersecurity development agenda in a
systematic manner.
* The new fund has been developed as an
associated trust fund under the broader Digital
Development Partnership (DDP) umbrella
program.
* World Bank has partnered with four countries,
namely Estonia, Japan, Germany, and the
Netherlands, to launch the fund.
* The main aim of this new fund is to enhance
cyber and digital security capability and capacity
in World Bank member countries, with the
development of global knowledge, country
assessments, technical assistance, capacity
building and training, along with necessary
investments in infrastructure and technology.
9. Ans. A.
• Reserve Bank of India (RBI) has constituted a
task force on offshore rupee market to move non-
resident Indian to the domestic market and
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improve liquidity to promote onshore hedging
activity.
10. Ans. D.
• India Ratings (Ind-Ra) has projected the GDP
growth rate for India for FY22 at 9.4%. Earlier
Indi-Ra had projected the rate at between 9.1-
9.6%.
• It would be 15.3 per cent in the first quarter, 8.3
per cent in the second quarter and 7.8 per cent in
each of the remaining two quarters of the year.
• The agency’s estimate suggests that 5.2 million
daily doses would have to be administered from
now on to fully vaccinate more than 88 per cent of
the adult population as well as to administer single
doses to the rest by March in the current financial
year.
11. Ans. C.
* HDFC bank has launched green and sustainable
deposits programme for retail clients to safeguard
the environment from climate change.
* Funds from these fixed deposits will be used for
financing of green and sustainable housing credit
solutions and services.
* Interest Rates: 6.55%
* Maturity period: 3-10 years
* Senior Citizens will get an additional interest
rate of 0.25% per annum on their deposits of up to
Rs 2 crore.
* Additional interest rate of 0.1% per annum will
be applicable on these deposits up to Rs 50 lakh if
made through the online platform of the bank.
12. Ans. B.
• CoinDCX became India’s first cryptocurrency
unicorn after the exchange raised 6.70 billion
rupees ($90 million) from investors led by
Facebook Inc.
• The latest funding round values the firm at $1.1
billion.
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• Other investors include existing partners
Coinbase Ventures, Polychain Capital, Block.one,
and Jump Capital.
• The 30-year-old engineer from the elite Indian
Institute of Technology spent several hours daily
reading about blockchain and cryptocurrencies
before setting up CoinDCX in 2018.
13. Ans. D.
• The Reserve Bank of India (RBI) has announced
its bi-monthly monetary policy. This is the
seventh time in a row that the Monetary Policy
Committee (MPC) headed by RBI
Governor Shaktikanta Das has maintained the
status quo.
• RBI keeps the GDP growth forecast for FY22
unchanged at 9.5%.
• RBI to conduct two more auctions of ₹25,000
crores each on August 12 and August 26 under the
G-sec Acquisition Programme (GSAP).
• CPI inflation is projected at 5.7 % during 2021-
22 – this consists of 5.9% in Q2, 5.3% in Q3 and
5.8% in Q4 of 2021-22 with risks broadly
balanced. CPI inflation for the first quarter of
2022-23 is projected at 5.1%.
14. Ans. C.
• Billionaire Mukesh Ambani's oil-to-telecom
conglomerate Reliance Industries Ltd slipped 59
places to rank 155th on the 2021 Fortune Global
500 list.
• Reliance took a beating on the rankings as
revenues dropped owing to the COVID-19
pandemic.
• This is its lowest ranking since 2017.
• Walmart continues to top the Fortune list with a
revenue of USD 524 billion, followed by China's
State Grid at USD 384 billion. With USD 280
billion revenue, Amazon came in at the third spot,
replacing Chinese giants. China National
Petroleum was ranked fourth and Sinopec Group
fifth.
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15. Ans. A.
• Walmart continues to top the Fortune list with a
revenue of USD 524 billion, followed by China's
State Grid at USD 384 billion. With USD 280
billion revenue, Amazon came in at the third spot,
replacing Chinese giants.
• China National Petroleum was ranked fourth and
Sinopec Group fifth.
• Billionaire Mukesh Ambani's oil-to-telecom
conglomerate Reliance Industries Ltd slipped 59
places to rank 155th on the 2021 Fortune Global
500 list.
• Reliance took a beating on the rankings as
revenues dropped owing to the COVID-19
pandemic.
• This is its lowest ranking since 2017.
• RIL, State Bank of India (SBI), Indian Oil
Corporation (IOC), Oil and Natural Gas
Corporation (ONGC), Rajesh Exports, Tata
Motors and Bharat Petroleum Corporation Ltd
(BPCL) are seven Indian companies are featured
in the list.
16. Ans. B.
* PM Modi will launch e-RUPI, an e-voucher-
based digital payment solution.
* The e-RUPI initiative will be one of the
programmes launched over the years to limit
touch points between the government and the
beneficiary and "ensure that the benefits reach its
intended beneficiaries in a targeted and leak-proof
manner".
* e-RUPI is a cashless and contactless instrument
for digital payments.
* It acts as an e-voucher based on a QR Code or
SMS string, which is delivered to the mobile
phones of the beneficiaries.
* e-RUPI connects the sponsors of the services
with the beneficiaries and service providers in a
digital manner without any physical interface.
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* It also ensures that the payment to the service
provider is made only after the transaction is
completed.
* The e-RUPI platform It has been developed by
National Payments Corporation of India (NPCI)
on its UPI platform, in collaboration with the
Department of Financial Services, Ministry of
Health and Family Welfare and National Health
Authority.
17. Ans. C.
• RBI data has showed that digital payments in
India have recorded a growth of 30.19% during
the financial year which ended on March 2021.
• The newly constituted Digital Payments Index
(RBI-DPI) in its report said that at the end of
March 2021, the index rose to 270.59 from 207.84
the previous year.
• The RBI-DPI index has shown the significant
growth in its index represents the rapid deepening
and adoption of digital payments across India in
the recent few years.
18. Ans. C.
• RBI as an apex monetary institution that
regulates the banking and financial system of
India.
19. Ans. C.
• Life Insurance Corporation (LIC) has launched
new health insurance plan called ‘Arogya
Rakshak’, which is a non-linked, non-
participating, regular premium and individual
health insurance plan.
• It will provide fixed health insurance cover
against certain specified health risks and provides
timely support in case of medical emergencies.
20. Ans. A.
• International Financial Services Centres
Authority (IFSCA) has issued framework for
Setting up and operating International Trade
Finance Services Platform (ITFS).
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• It will enable Exporters and Importers to avail
various types of trade finance facilities at
competitive terms for their international trade
transactions through a dedicated electronic
platform.
• This will help in their ability to convert their
trade receivables into liquid funds and to obtain
short-term funding.
• ITFS will provide Trade Finance Services at
IFSC
• The central government has established
International Financial Services Centres Authority
to regulate all financial services in International
Financial Services Centres (IFSCs) with
headquarters in Gandhinagar (Gujarat).
21. Ans. B.
• India's foreign exchange reserves crossed $600
for the first time.
• As on June 4, 2021 the foreign exchange
reserves stood at $605 billion, almost tying with
Russia as the fourth largest reserve holder in the
world.
• While India’s forex reserve was $605.008
billion, Russia’s was $605.2 billion.
• It took just about a year for the reserves to rise
by $100 billion.
• The reserves are invested in foreign assets, such
as US treasury bonds.
• India’s Forex Reserves include- Gold, Foreign
Currency Assets, Special Drawing Rights and
Reserve position with International Monetary
Fund (IMF).
22. Ans. A.
• Digital payments platform PhonePe has
partnered with Flipkart to launch contactless ‘Scan
and Pay’ feature for the e-commerce major’s pay-
on-delivery orders.
• PhonePe’s QR code solution will now enable
customers who earlier opted for cash on delivery
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to pay digitally through any UPI app at the time of
delivery.
• This is intended to help reduce personal contact
while ensuring safety, and drive contactless
payments for customers who are traditionally
more comfortable with cash on delivery.
23. Ans. C.
• NABARD has sanctioned Rs 388 crore under the
Rural Infrastructure Development Fund (RIDF)
for four drinking water and 20 rural road projects
in the State.
• The RIDF assistance is for setting up of four
mega piped drinking water supply projects, one
each in Boipariguda block of Koraput district,
Nilgiri block of Balasore district and two in
Malkangiri district.
• The water supply projects are intended to
provide 70 litre per capita per day safe and
portable drinking water at the consumer-end
through functional household tap connection.
• On completion, these projects are expected to
provide clean and safe drinking water for eight
hours to 2.57 lakh rural people in 467 villages.
• Though the Centre has set a target to provide tap
water to all households of the country by 2022, the
State will achieve the goal by 2024.
• Construction and upgradation of 20 village roads
across 15 districts of the State will be taken up
under this sanction. The road projects are expected
to improve the livelihood of 1.52 lakh people in
162 villages.
24. Ans. A.
* Apple has been declared as the World’s most
valuable company with USD 2,443 billion
according to the Hurun Global 500 Most Valuable
Companies list 2021.
* Apple is followed by Microsoft and Amazon.
* India: Reliance Industries (USD 188 billion) is
ranked at 57 and is the top Indian company in the
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list. There are total 12 Indian companies in this list
with WIPRO, HCL and Asian Paints.
* Most number of companies in the list: USA with
243 companies while India is ranked 9th.
25. Ans. D.
• The coal ministry has released provisional
statistics of 2020-21.
• According to the data released, India’s total coal
production registered a marginal decline of 2.02%
to 716.084 million tonnes during the last fiscal
year.
• The country had produced 730.874 million
tonnes (MT) of coal in FY’20.
• Of the total production of 716.084 MT, 671.297
MT was non-coking coal and the remaining
44.787 MT was coking coal, it said.
• Of the total output, a chunk of 685.951 MT was
produced by the public sector, and the remaining
production of 30.133 MT was from the private
sector.
• In FY 2020-21, Chhattisgarh registered highest
coal production of 158.409 MT, followed by
Odisha 154.150 MT, Madhya Pradesh 132.531
MT, and Jharkhand 119.296 MT.
• Like previous years, in FY’21, Jharkhand was
the top producer of coking coal with an output of
44.387 MT, which was 99.11% of total coking
coal production of 44.787 MT.
26. Ans. D.
• The World Bank has added $8 billion more for
Covid-19 vaccines, totalling $20 billion, for
developing countries. Earlier it had announced
$12 billion.
• The funding will be available through 2022
• The World Bank is expanding its financing
available for Covid-19 vaccine financing to $20
billion over the next 18 months, adding $8 billion
to the previously announced $12 billion.
10

• Further, the Bank also provided over $4 billion
for the purchase and deployment of Covid
vaccines for 51 developing countries, half of
which are in Africa.
27. Ans. B.
• Digital payments company,PhonePe launched
India’s first Wallet Auto Top-up feature using UPI
(Unified Payments Interface) e-mandates for its
customers.
• The amount for Auto top-up ranges from Rs
1,000 to Rs 5,000.
• Under this feature, when a customer will set up a
UPI e-mandate the PhonePe will automatically top
up the wallet balance when it drops below a
minimum level.
• This feature will save a lot of time and effort as
there is no need to manually top up wallet balance
for every transaction.
28. Ans. C.
* First-ever elections of this Balika Panchayat has
been successfully held at Kunariya village of
Kutch district, Gujarat that will take up issues
pertaining to adolescent girls and women in the
village.
* Young females aged between 10 to 21 years
contested elections for this unique Panchayat.
* This Panchayat will be run by the girls and for
the girls.
29. Ans. A.
• The Finance Ministry has now allowed all
housing finance companies with asset size of over
₹100 crore to use SARFAESI law to recover
dues.
• SARFAESI law, enacted in 2002, empowers
lenders to attach the pledged assets of the
borrowers in the event of non-payment of dues.
• Till now, HFCs with assets over ₹500 crore and
notified by the Finance Ministry, were allowed to
use SARFAESI law to recover dues.
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• Currently, there are nearly 100 HFCs that are
registered with NHB.
• The top-10 HFCs account for 70-80 per cent of
the assets of the housing finance industry.
30. Ans. B.
* HDFC Bank became the first Indian lender to
list its $1 billion foreign currency additional tier-I
(AI-1) bonds, priced at 3.7%, on the International
Financial Services Centre (IFSC) of the Gujarat
International Finance Tec-City (GIFT).
* Global Securities Market, the primary market
platform of India INX, has received significant
interest since it was established in 2018 and has
over $55 billion medium term notes and over $28
billion of bond listings till date.
* India INX, BSE’s international arm, began
trading activity on 16 January 2017 and is India’s
first international exchange set up at the GIFT
IFSC.
31. Ans. B.
* NTPC Ltd has commissioned the largest floating
solar PV project of 25MW on the reservoir of its
Simhadri thermal power station in
Visakhapatnam.
* This is also the first solar project to be set up
under the Flexibilisation Scheme, notified by the
Government of India in 2018.
* The floating solar installation has a unique
anchoring design and is spread over 75 acres of
reservoir.
* This floating solar project has the potential to
generate electricity from more than 1 lakh solar
PV modules.
* This wwill help light around 7,000 households,
and ensure that at least 46,000 tons of CO2e are
kept at arm’s length every year during the lifespan
of this project.
11

32. Ans. A.
• Threshold for bulk deposit has been revised by
RBI as single deposits of Rs 2 crore and above.
The banks are also asked to maintain their bulk
deposit card rates in the core banking system for
supervisory review.
33. Ans. D.
• Paytm Payments Bank Ltd (PPBL) became the
1st bank in India to achieve the milestone of
issuing 1 crore FASTags. It has ~28 percent share
as FASTag issuer bank.
• As per the data of National Payments
Corporation of India (NPCI), around 3.47 crore
FASTags were issued by all banks together till the
end of June 2021.
• PPBL also exists as India’s largest acquirer of
toll plazas under the National Electronic Toll
Collection (NETC) program. As per PPBL data,
out of the total 851 toll plazas across the national
and state highways 280 were using PPBL payment
gateway to collect toll charges digitally.
34. Ans. C.
* In what comes as a big relief to consumers in
need of cash from ATMs, the Reserve Bank of
India (RBI) decided to levy monetary charges on
ATMs that run out of cash, starting 1 October,
2021.
* Therefore, been decided that the banks/ White
Label ATM Operators (WLAOs) shall strengthen
their systems/ mechanisms to monitor availability
of cash in ATMs and ensure timely replenishment
to avoid cash-outs. Any non-compliance in this
regard shall be viewed seriously and shall attract
monetary penalty.
* Launching the 'Scheme of Penalty for non-
replenishment of ATMs', the central bank said that
a penalty of ₹10,000 per ATM will be levied in
the event of a cash-out situation for more than 10
hours in a month.
* In case of WLAOs, RBI stated that the banks
which are meeting their cash requirement shall
furnish a separate statement on behalf of WLAOs
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on cash-out of such ATMs due to non-
replenishment of cash.
* Such statements shall be submitted for every
month within five days of the following month.
35. Ans. B.
* Bharat Petroleum Corporation Ltd (BPCL) has
launched an AI-enabled chatbot, named as
‘URJA’ to provide a platform for seamless self-
service experience and faster resolution of
queries/issues to its customers
* About URJA:
* It is the first AI chatbot in oil and gas industry in
India.
* It has been launched under Project Anubhav of
BPCL and currently supports 13 languages
* It was first launched as 6 month pilot project on
WhatsApp for enabling LPG bookings
36. Ans. C.
• Life Insurance Corporation (LIC) has launched
new health insurance plan called ‘Arogya
Rakshak’, which is a non-linked, non-
participating, regular premium and individual
health insurance plan.
• It will provide fixed health insurance cover
against certain specified health risks and provides
timely support in case of medical emergencies.
37. Ans. A.
• International Financial Services Centres
Authority (IFSCA) has issued framework for
Setting up and operating International Trade
Finance Services Platform (ITFS).
• It will enable Exporters and Importers to avail
various types of trade finance facilities at
competitive terms for their international trade
transactions through a dedicated electronic
platform.
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• This will help in their ability to convert their
trade receivables into liquid funds and to obtain
short-term funding.
• ITFS will provide Trade Finance Services at
IFSC
• The central government has established
International Financial Services Centres Authority
to regulate all financial services in International
Financial Services Centres (IFSCs) with
headquarters in Gandhinagar (Gujarat).
38. Ans. B.
• India's foreign exchange reserves crossed $600
for the first time.
• As on June 4, 2021 the foreign exchange
reserves stood at $605 billion, almost tying with
Russia as the fourth largest reserve holder in the
world.
• While India’s forex reserve was $605.008
billion, Russia’s was $605.2 billion.
• It took just about a year for the reserves to rise
by $100 billion.
• The reserves are invested in foreign assets, such
as US treasury bonds.
• India’s Forex Reserves include- Gold, Foreign
Currency Assets, Special Drawing Rights and
Reserve position with International Monetary
Fund (IMF).
39. Ans. A.
• Digital payments platform PhonePe has
partnered with Flipkart to launch contactless ‘Scan
and Pay’ feature for the e-commerce major’s pay-
on-delivery orders.
• PhonePe’s QR code solution will now enable
customers who earlier opted for cash on delivery
to pay digitally through any UPI app at the time of
delivery.
• This is intended to help reduce personal contact
while ensuring safety, and drive contactless
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payments for customers who are traditionally
more comfortable with cash on delivery.
40. Ans. C.
• Nabard has sanctioned Rs 388 crore under the
Rural Infrastructure Development Fund (RIDF)
for four drinking water and 20 rural road projects
in the State.
• The RIDF assistance is for setting up of four
mega piped drinking water supply projects, one
each in Boipariguda block of Koraput district,
Nilgiri block of Balasore district and two in
Malkangiri district.
• The water supply projects are intended to
provide 70 litre per capita per day safe and
portable drinking water at the consumer-end
through functional household tap connection.
• On completion, these projects are expected to
provide clean and safe drinking water for eight
hours to 2.57 lakh rural people in 467 villages.
• Though the Centre has set a target to provide tap
water to all households of the country by 2022, the
State will achieve the goal by 2024.
• Construction and upgradation of 20 village roads
across 15 districts of the State will be taken up
under this sanction. The road projects are expected
to improve the livelihood of 1.52 lakh people in
162 villages.
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