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Category: Economics

Current Affairs Economic News

PNB launched digital replica of physical credit card

January 6, 2021January 11, 2021 Shashank Raj Gupta

Question : Punjab National Bank has recently(24 December 2020) launched digital replica of physical credit card. What is actually this ?(a) an e-credit card(b) an e-debit card(c) Mix variant of both (a) and (b)(d) None […]

EconomicsEconomics

Centralised investment clearance cell

January 6, 2021January 6, 2021 Shashank Raj Gupta
Centralised investment clearance cell

Question : On December 31, 2020 ‘Department for Promotion of Industry & Internal Trade’ announced the deadline of the establishment of ‘Centralised investment clearance cell’. What is the deadline for it ?(a) by 15 April, […]

EconomicsEconomics

Acquisition of 9% stake in Paisalo Digital Ltd

January 6, 2021January 6, 2021 Shashank Raj Gupta
Acquisition of 9% stake in Paisalo Digital Ltd

Question : On December 24, 2020, SBI Life Insurance Company had purchased 3.8 million equity shares, representing 8.99 per cent equity of ‘Paisalo Digital Ltd’.In which sector this company belongs ?(a)Non-banking financial company(b)Agri commodities trading […]

EconomicsEconomics

Infinite India : ICICI Bank’s online platform for foreign companies

January 6, 2021January 6, 2021 Shashank Raj Gupta
Infinite India ICICI Bank's online platform for foreign companies

Question : When has a new online platform named ‘Infinite India’ launched by ICICI Bank ?(a)22 December 2020(b)20 December 2020(c)28 December 2020(d)2 January 2021Answer (a)Related facts ICICI Bank has recently(December 2020) launches an online platform(Infinite […]

EconomicsEconomics

Cancellation of license of Subhadra Bank

January 6, 2021January 6, 2021 Shashank Raj Gupta
Cancellation of license of Subhadra Bank

Question : RBI has recently(24 December 2020) canceled the Licence of the Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra. Under which act this cancellation has been done ?(a) Section 22 (4) of the Banking Regulation […]

EconomicsEconomics

NPCI data : UPI market share of different online payment service providers

December 22, 2020December 22, 2020 Shashank Raj Gupta
NPCI data : UPI market share of different online payment service providers

Question: Which companies have more than eighty two percent share of UPI market (in volume terms) in November 2020 ?(a) BHIM and WhatsApp(b) BHIM and Paytm(c) Amazon Pay and WhatsApp(d) None of the aboveAnswer- (d)Related […]

EconomicsEconomics

Contractionin India’s economy : ADB forecast (Asian Development Outlook Supplement)

December 22, 2020December 22, 2020 Shashank Raj Gupta
Contractionin India's economy : ADB forecast (Asian Development Outlook Supplement)

Question : How much contraction in India’s economy estimated in financial year 2021?(a) 8 percent(b) 7 percent(c) 9 percent(d) none of the aboveAnswer- (a)Related facts ADB (Asian Development Bank) has recently (December 2020) upgraded its […]

EconomicsEconomics

Draft guidelines on standard personal accident insurance policies

December 22, 2020December 22, 2020 Shashank Raj Gupta
Draft guidelines on standard personal accident insurance policies

Question : On which date draft guidelines on standard personal accident insurance policies issued?(a) 4 December 2020(b) 2 December2020(c) 29 November2020(d) None of the aboveAnswer : (d)Related facts IRDAI has recently (9December 2020) issued draft […]

EconomicsEconomics

Exim Bank to provide $ 448 million line of credit for Uzbekistan

December 16, 2020December 16, 2020 Shashank Raj Gupta

Question: Exim Bank of Which of the following country has recently signed a lone agreement of $ 448 million with Uzbekistan?a) Indiab) Chinac) USAd) JapanAnswer: (a)Related Facts:- On 12 December 2010; Exim Bank has extended […]

EconomicsEconomics

V shaped economy recovery

December 8, 2020December 8, 2020 Shashank Raj Gupta
V shaped economy recovery

Question: Which of the following statements are correct:i) V shaped economy recovery means deep recession followed by sharp rise back.ii) It is result of government’s easy money policy and economic stimulus.a) ib)iic)both i and iid) […]

EconomicsEconomics

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