Daily Current Affair Quiz: 17th August 2020
1. Which of the following statements are true?
1. Development banks are financial institutions that provide long-term credit for capitalintensive investments spread over a long period.
2. Industrial Finance Corporation of India (IFCI) was the first development bank in India.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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Development banks are financial institutions that provide long-term credit for capitalintensive investments spread over a long period.
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These banks also extended useful services such as in-house technical expertise, underwriting new capital issuance and creating confidence in other lenders.
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Industrial Finance Corporation of India (IFCI) was the first development bank in India. It started in 1948 to provide finance to medium and large-scale industries in India.
2. MANI App was launched by?
(a) RBI
(b) Ministry of MSMEs
(c) SIDBI
(d) Ministry of Corporate Affairs
Ans: a
Justification:
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Mobile Aided Note Identifier (MANI) is a mobile application, launched by RBI, for aiding visually impaired persons to identify denomination of Indian banknotes.
3. Which of the following statement/s is/are true?
1. MDR is the cost paid by a merchant to a bank for accepting payment from their customers via digital means, which is usually recovered from the customer.
2. RuPay and UPI are products of National Payments Corporation of India (NPCI).
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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The merchant discount rate charges applicable on payment via RuPay and UPI have been removed. o MDR is the cost paid by a merchant to a bank for accepting payment from their customers via digital means, which is usually recovered from the customer.
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RuPay and UPI are products of National Payments Corporation of India (NPCI). ✓ RuPay is the first domestic Debit and Credit Card payment network of India. ✓ UPI is an immediate real-time payment system to instantly transfer funds between multiple bank accounts through a mobile platform.
4. Which of the following statement/s is/are true?
1. The NITI Aayog released the National Data and Analytical Platform (NDAP) vision document.
2. Its Mission is to standardize data across multiple Government sources, provide flexible analytics and make it easily accessible in formats conducive for research, innovation, policy making and public consumption.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
-
The first version of the platform is expected to be launched in 2021.
5. eBkray initiative is associated with?
(a) Banking Sector
(b) Import and Exports
(c) e- Governance
(d) Block chain
Ans: c
Justification:
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It is an e-auction platform which provides single-window access to information on properties up for eauction as well as facility for comparison of similar properties on all PSB e-auction sites.
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It was recently launched by Ministry of Finance.
