Nov. 20 2017 quiz

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  • Question 1: What will be the deposit limit in payments banks ?What will be the deposit limit in payments banks ?
  • Explanation:It took RBI more than a year to finalise the 11 names fit to operate payments banks — niche players that can accept deposits of up to Rs 1 lakh but cannot lend. RBI's draft guidelines on Payments Banks came on July 17, 2014, and the list of 11 awardees were announced on August 19, 2015. Two entities has refused to set up these banks. The nine entities remaining now are Reliance-SBI combine, Aditya Birla Nuvo (Idea Cellular), Airtel, Vodafone, Department of Posts, FINO PayTech, Tech Mahindra, National Securities Depository, and Paytm (Vijay Shekhar Sharma). It took RBI more than a year to finalise the 11 names fit to operate payments banks — niche players that can accept deposits of up to Rs 1 lakh but cannot lend. RBI's draft guidelines on Payments Banks came on July 17, 2014, and the list of 11 awardees were announced on August 19, 2015. Two entities has refused to set up these banks. The nine entities remaining now are Reliance-SBI combine, Aditya Birla Nuvo (Idea Cellular), Airtel, Vodafone, Department of Posts, FINO PayTech, Tech Mahindra, National Securities Depository, and Paytm (Vijay Shekhar Sharma).
  • Question 2: Complete this economic term full form. MBA - multiple banking ___ Complete this economic term full form. MBA - multiple banking ___
  • Explanation: Multiple banking is an arrangement where a borrower avails of finance independently from more than one bank. Multiple banking is an arrangement where a borrower avails of finance independently from more than one bank.
  • Question 3: Akodara, India’s first Digital Village, is in...?Akodara, India’s first Digital Village, is in...?
  • Explanation:The village was adopted by ICICI Bank under its Digital Village Project in 2015 and made cashless by adopting digital technology. The village was adopted by ICICI Bank under its Digital Village Project in 2015 and made cashless by adopting digital technology.
  • Question 4: Centre has set up a 13 member committee on promotion of cashless society and digital economy. The committee headed by ... ?Centre has set up a 13 member committee on promotion of cashless society and digital economy. The committee headed by ... ?
  • Explanation:It will identify and outline measures for rapid expansion and adoption of the system of digital payments Debit and Credit cards, E-wallets and internet banking and will broadly indicate the road map to be implemented in one year. The panel will also evolve an action plan to reach out to the public at large to create awareness and help them understand the benefits of such a switchover to digital economy. It will identify and outline measures for rapid expansion and adoption of the system of digital payments Debit and Credit cards, E-wallets and internet banking and will broadly indicate the road map to be implemented in one year. The panel will also evolve an action plan to reach out to the public at large to create awareness and help them understand the benefits of such a switchover to digital economy.
  • Question 5: Recently, India has successfully test-fires BrahMos from ___ fighter aircraftहाल ही में, भारत ने ___ लड़ाकू विमानों से सफलतापूर्वक ब्रह्मोस का परीक्षण किया है
  • Explanation:The Brahmos supersonic cruise missile was today successfully test fired for the first time from the Indian Air Force's frontline Sukhoi-30 MKI combat jet, significantly bolstering the country's aerial prowess. ब्रह्मोस सुपरसोनिक क्रूज मिसाइल को आज सफलतापूर्वक भारतीय वायुसेना की अग्रिम लड़ाकू सुखोई -30 एमकेआई लड़ाकू जेट से सफलतापूर्वक परीक्षण किया गया, जिससे देश के हवाई कौशल को मजबूत किया जा सके।
  • Question 6: In the new framework for revival and rehabilitation applicable to MSMEs loan limits is up to __ crore. In the new framework for revival and rehabilitation applicable to MSMEs loan limits is up to __ crore.
  • Explanation:It includes accounts under consortium or multiple banking arrangement (MBA). What is consortium? An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.It includes accounts under consortium or multiple banking arrangement (MBA). What is consortium? An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.
  • Question 7: Where is Moirang ?
  • Explanation:President Ram Nath Kovind visited the Indian National Army Complex at Moirang in Bishnupur District of Manipur this morning. He paid floral tribute at the INA Memorial Site inside the complex.
  • Question 8: In November 2017 GST Council has reduced tax rates of __ items ?
  • Explanation:The GST Council, which held its 23rd meeting in Guwahati on Friday reduced the tax rate on 178 items from 28 per cent to 18 per cent. GSTCouncil also brought all AC and non-AC restaurants in the 5 per cent GST bracket without the input tax credit (ITC).
  • Question 9: Prasar Bharati was formed in...?
  • Explanation:Prasar Bharati has completed 20 years as a statutory autonomous body which was established under Prasar Bharati Act on 23rd November 1997. To mark the occasion, Chief Executive Officer of Prasar Bharati Shashi Sekhar Vempati planted a sapling at DTH centre in Todapur, New Delhi. Director General of All India Radio and Doordarshan, Engineers in Chief of the public broadcasters also planted saplings.