Daily Current Affair Quiz: 11th August 2020
by
Mentors4ias
·
August 11, 2020
1. Which of the following statements are true?
1. Government Security is a tradable instrument issued by the Central Government or the State Governments.
2. G-Secs carry practically no risk of default.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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A G-Sec is a tradable instrument issued by the Central Government or the State Governments. It acknowledges the Government’s debt obligation.
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G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments. • Major players in the G-Secs market include commercial banks Primary Dealers, insurance companies, co-operative banks, regional rural banks, mutual funds, provident and pension funds.
2. OBICUS survey is launched by?
(a) SIDBI
(b) Meity
(c) RBI
(d) Niti Ayog
Ans: c
Justification:
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Recently, RBI launched latest round of Order Books, Inventories and Capacity Utilization Survey (OBICUS). It has been providing input of the manufacturing sector on a quarterly basis since 2008.
3. Which of the following statement/s is/are true?
1. PAi is an artificial intelligence (AI) based chatbot.
2. PAi intends to create awareness around National Payment Corporation of India’s products like FASTag, RuPay, UPI, AePS on a real time basis.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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PAi is an artificial intelligence (AI) based chatbot, to create awareness around National Payment Corporation of India’s products like FASTag, RuPay, UPI, AePS on a real time basis. It was developed by Bengaluru based startup CoRover Private Limited.
4. Which of the following statement/s is/are true?
1. Share swap ratios is an exchange ratio used in case of mergers and acquisitions.
2. It is the ratio in which the acquiring company offers its own shares in exchange for the target company’s shares
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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Following the footsteps of State Bank of India and Bank of Baroda, the boards of 10 publicsector banks approved mergers and issued share-swap ratios to create four large banks in the economy.
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Share swap ratios is an exchange ratio used in case of mergers and acquisitions. It is the ratio in which the acquiring company offers its own shares in exchange for the target company’s shares
5. Serious Fraud Investigation Office (SFIO) functions under?
(a) Ministry of Corporate Affairs
(b) Ministry of Finance
(c) Ministry of Electronics and Information Technology
(d) Ministry of Home Affairs
Ans: a
Justification:
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Government is set to more than double the manpower at the SFIO to nearly 350. SFIO is a statutory, multi-disciplinary organization under Ministry of Corporate Affairs for detecting and prosecuting or recommending for prosecution white collar crimes/frauds.
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White-collar crime refers to financially motivated, nonviolent crime committed by businesses and government professionals.
