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Category: Economics

Current Affairs Economic News

RBI : Strategy for financial education

August 25, 2020August 25, 2020 Shashank Raj Gupta
RBI : Strategy for financial education

Question : RBI has recently(August 2020) released strategy for financial education and recommended adoption of _ approach.(a)’5 c’ approach(b)’5 a’ approach(c)’5 b’ approach(d)none of the aboveAnswer (a)Related facts To achieve the vision of creating a […]

EconomicsEconomics

‘Positive Pay’ mechanism introduced by RBI will make cheque payments safer

August 24, 2020August 24, 2020 Devendra Yadav

Question:Consider the following with respect to Positive Pay mechanism?(1) Positive Pay is a fraud detection tool adopted by banks to protect customers against forged, altered or counterfeit cheques.(2) It cross verifies all details of the […]

EconomicsCurrent Affairs Economics News

Norms for core investment companies

August 17, 2020August 17, 2020 Shashank Raj Gupta
Norms for core investment companies

Question : On which date RBI tightened the norms for core investment companies (CICs) ?(a)12 August 2020(b)11 August 2020(c)10 August 2020(d)None of the aboveAnswer : (d)Related facts The Reserve Bank of India (RBI) on Thursday(13 […]

EconomicsEconomics

RBI :System-based asset classification for UCBs

August 14, 2020August 14, 2020 Shashank Raj Gupta

Question : Which one of the following statement is true regarding System-based asset classification ?(a)It refers to asset classification (downgrading as well as upgrading) carried out by computerized systems of a bank in an automated […]

EconomicsEconomics

PM Narendra Modi launches platform for “Transparent Taxation – Honouring the Honest”

August 14, 2020August 14, 2020 Shashank Raj Gupta

Question: Consider the following statements:(1) Prime Minister Narendra Modi launched Transparent Taxation – Honoring the Honest’ platform.(2) The platform has major reforms like Faceless Assessment, Faceless Appeal and Taxpayers Charter.Of the above correct statement/s is/are:(a) […]

EconomicsEconomics

Exim Bank extends USD 250 million line of credit to Mozambique

August 13, 2020August 13, 2020 Shashank Raj Gupta
Exim Bank extends USD 250 million line of credit to Mozambique

Question : Which of the following is a financial products of Exim Bank ?(a)BUYER’S credit(b)corporate banking & lines of credit(c)overseas investment finance & project exports(d)all aboveAnswer : (d)Related facts Export-Import Bank of India (Exim Bank) […]

EconomicsEconomics

Aditya Birla Health Insurance : New services & Products for Covid-19

August 7, 2020August 7, 2020 Shashank Raj Gupta
Aditya Birla Health Insurance

Question : ABHICL(Aditya Birla Health Insurance) is planning to reduce the Initial waiting period from 30 to — for all the policyholders for COVID-19 related Inpatient Hospitalization claims. This offering will be launched for policyholders […]

EconomicsEconomics

Consumer Protection (E-Commerce) Rules, 2020

July 30, 2020July 30, 2020 Devendra Yadav
Government notifies new rules & regulations for e-commerce companies

QuestionConsider the following statements with respect to Consumer Protection (E-Commerce) Rules, 2020:(1) The rules will be applicable to all electronic retailers registered in India only and offering goods and services to Indian consumers.(2) E-commerce companies […]

EconomicsCurrent Affairs Economics News

SPECIAL WINDOW FOR AFFORDABLE AND MID INCOME HOUSING (SWAMIH)

July 30, 2020July 30, 2020 Devendra Yadav

Question:With reference to the Special Window for Affordable and Mid Income Housing (SWAMIH), consider the following statements:(1) It has formed to complete construction of stalled, RERA-registered affordable and mid-income category housing projects.(2) The Sponsor of […]

EconomicsCurrent Affairs Economics News

India Ideas Summit

July 30, 2020July 30, 2020 Devendra Yadav
India Ideas Summit

Question: Consider the following statement and choose the correct statement in relation to India Idea summit:(1) This summit was organised by the US-India Business Council (USIBC).(2) The theme for the summit was “Building a better […]

EconomicsCurrent Affairs Economics News

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