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1 www.gradeup.co 1.In August 2021, the Reserve of India (RBI) 7.Asian Development Bank has approved an has imposed a penalty of Rs 1 crore on which bank? additional USD 300 million loan for rural roads in A. Co-operative U.A which state? B. Abhyudaya Cooperative Bank A. Gujarat C. Bharat Cooperative Bank B. Tamil Nadu D. Mapusa Urban Co-operative Bank of Goa Ltd C. Andhra Pradesh D. Maharashtra 2.Which bank became the first bank in India to achieve the milestone of issuing 1 crore FAS Tags? 8.Which bank has signed up with NSRCEL, the A. Airtel incubation arm of IIMB, for extending exclusive B. Payments Bank credit to startups? C. Fino Payments Bank A. D. Payments Bank Ltd B. C. 3.Partnering with which bank State Government of D. Punjab introduced online payment of water supply bills in villages? 9.By which year India’s nuclear power capacity is A. ICICI Bank expected to reach 22,480 Mega Watts from the B. HDFC Bank current 6,780 Mega Watts? C. A. 2024 D. B. 2026 C. 2028 4.Which bank has chosen Amazon Web Services D. 2031 (AWS), an Amazon.com company, as its preferred cloud provider? 10.Billionaire 's oil-to-telecom A. Yes Bank conglomerate Ltd ranked at B. HDFC Bank which place in the 2021 Fortune Global 500 list? C. RBL Bank A. 135th D. Axis Bank B. 145th C. 155th 5.Which developmental bank in partnership with D. 166th Foreign, Commonwealth & Development Office, UK (FCDO UK) has launched ‘Swavalamban Challenge 11.Which company ranked first in the 2021 Fortune Fund’ (SCF)? Global 500 list released recently? A. SIDBI A. Walmart B. NABARD B. State Grid C. IDBI C. Amazon D. ICICI D. China National Petroleum

6.Which became India’s first cryptocurrency 12.Which of the following companies are not unicorn after the exchange raised 6.70 billion included in the 2021 Fortune Global 500 list rupees ($90 million) from investors led by Facebook released recently? Inc? A. Reliance Industries Ltd (RIL) A. WazirX B. (SBI) B. CoinDCX C. Oil and Natural Gas Corporation (ONGC) C. Zebpay D. Limited (SAIL) D. CoinSwitch Kuber

2 www.gradeup.co 13.e-voucher-based digital payment solution, e- 19.Which of the following bank has selected Paisalo RUPI has been developed by which of the following Digital as its National Corporate Business that was launched by the prime minister Narendra Correspondent? Modi? A. ICICI Bank A. Indian Financial Technology and Allied Services B. PNB (IFTAS) C. Bank of Baroda B. National Payments Corporation of India (NPCI) D. SBI C. Reserve Bank Information Technology Private Limited (ReBIT) 20.Which financial institution has launched new D. Bharat Bill Payment System (BBPS) health insurance plan called Arogya Rakshak? A. SBI 14.The has imposed a B. SEBI monetary penalty of Rs 5 crore on which bank? C. LIC A. ICICI Bank D. IRDAI

B. Yes Bank 21.Among 17 SDG goals, which goal number is C. HDFC Bank named ‘Zero Hunger’? D. Axis Bank A. Goal 1 B. Goal 2 15.Payments need to open at least C. Goal 3 ______of their banking outlets in a year in D. Goal 4 unbanked rural centres. A. 10% 22.As on March 2021, which of the following is B. 25% India's largest IT stockholder company? C. 40% A. LIC D. 50% B. SBI Mutual Fund C. Tata Sons Private Limited 16.Who regulates financial system in India? D. Axis Mutual Fund Trustee Limited A. Central Government B. SEBI 23.Which bank emerged as the largest beneficiary C. RBI on the unified payments interface (UPI) platform? D. IRDAI A. Airtel Payment Bank B. Paytm Payment Bank 17.According to the International Monetary Fund C. Payment Bank (IMF) what will be the economic growth of India in D. the financial year 2021-22 (FY22)? A. 8.5 per cent 24.Which is a benchmark French stock market B. 9.0 per cent index? C. 9.5 per cent A. EuroNext 100 D. 10 per cent B. CAC 40 C. Next 150 18.What is the authorized capital of the recently D. SBF 120 incorporated National Asset Reconstruction Company (NARCL)? 25.In July 2021, the Reserve Bank of India (RBI) has A. 100 crore cancelled the license of which cooperative bank? B. 200 crore A. Shivajirao Patil Nilangekar Urban Co-operative C. 300 crore Bank D. 400 crore B. Vidarbha Konkan Gramin Bank C. Cosmos Co-operative Bank Ltd D. Bharati Sahakari Bank Limited

3 www.gradeup.co 26.BUSY, a business accounting software, partners 32.Which e-commerce company has launched with which bank for banking solutions? Shopsy, an app that will enable Indians to start their A. Yes Bank online businesses without any investment? B. HDFC Bank A. Amazon C. ICICI Bank B. Snapdeal D. Axis Bank C. Flipkart D. IndiaMART 27.NIIT Institute of Finance Banking and Insurance (NIIT IFBI) and which bank have launched a fintech 33.Which bank has partnered with Amazon Web professional programme to build future-ready Services (AWS) to accelerate its digital professionals for the private sector lender? transformation programme? A. Axis Bank A. Yes Bank B. IndusInd Bank B. C. ICICI Bank C. Axis Bank D. HDFC Bank D. IDFC First Bank

28.What is India’s position as Foreign Exchange 34.S&P Global Ratings cut India's growth forecast Reserve holder? for the current fiscal to what per cent from 11 per A. 3rd cent earlier? B. 4th A. 7 .5 per cent C. 5th B. 7 .8 per cent D. 6th C. 8.3 per cent D. 9.5 per cent 29.Which digital payments platform has partnered with Flipkart to launch contactless ‘Scan and Pay’ 35.The Afthonia Lab private Limited has announced feature for the e-commerce major’s pay-on- a strategic partnership with which bank to support delivery orders? the fintech companies in India? A. PhonePe A. Axis Bank B. B. IndusInd Bank C. Mobikwik C. ICICI Bank D. Paytm D. Yes Bank

30.Which bank has launched ‘Salute Doctors’, a 36.According to the Moody's Investors Service’s comprehensive banking solutions for doctors? revised estimate what will be the growth rate of A. ICIC Bank Indian GDP in FY 2021-22? B. HDFC Bank A. 7.6% C. Yes Bank B. 8.9% D. Axis Bank C. 9.6% D. 10.4% 31.What amount of funding in total has been announced by the World Bank for Covid-19 37.Which digital payment company has launched vaccines for developing countries? India’s first Wallet Auto Top-up feature using UPI e- A. $08 billion mandates for its customers? B. $10 billion A. Paytm C. $15 billion B. PhonePe D. $20 billion C. D. Google Pay

4 www.gradeup.co 38.Bharti Airtel has partnered with which industry 44.According to commerce ministry, during 2020- group for 'Made in India' 5G network solutions? 21, India's export of agricultural and allied products A. Tata Group grew by what percent? B. Aditya Birla Group A. 10.74 per cent C. Mahindra Group B. 11.54 per cent D. Bajaj Group C. 12.35 per cent D. 17.34 per cent 39.Which NBFCs has has acquired 54% stake in fintech startup Paymatrix by buying out existing 45.Which bank has been named by Forbes in their investors? list of World's Best Banks 2021 in India? A. Bajaj Finance Limited A. ICICI Bank B. Muthoot Fincorp B. HDFC Bank C. HDB Finance Services C. DBS Bank D. Tata Capitals D. HSBC Bank

40.Which power generator will acquire the 1,200 46.Which Public Sector Undertakings has become a MW Essar Power's Mahan Project located at signatory to the prestigious United Nations Global Singrauli district of Madhya Pradesh? Compact’s CEO Water Mandate? A. Tata Power Limited A. NTPC Ltd B. JSW Energy Limited B. Power Grid Corporation of India Limited C. Adani Power Limited C. ONGC D. Torrent Power Limited D. GAIL

41.Which financial Technology company has signed 47.Which bank has planned to become carbon ‘lead generation agreements’ with 12 financial neutral by 2031-32? institutions? A. ICICI Bank A. PayPal India B. HDFC Bank B. Google Pay C. Yes Bank C. PayPoint India D. Axis Bank D. ETMoney 48.According to the International Labour 42.According to ‘UNESCO Science Report 2021: The Organisation (ILO) what will be the global race against time for smarter development’, India’s unemployment rate in 2022? Gross Domestic Expenditure on Research & A. 3.7% Development (GERD) remained at _____. B. 4.1% A. 0.5% C. 4.8% B. 0.7% D. 5.7% C. 0.8% D. 1.2% 49.Which General insurance company has partnered with Microsoft to strengthen and 43.According to global consultancy BCG report, the automate the quality control processes? financial wealth in India grew by what percent in A. ICICI Lombard General Insurance 2020? B. Acko General Insurance A. 5 percent C. Aditya Birla General Insurance B. 7 percent D. HDFC ERGO General Insurance C. 10 percent D. 11 percent

5 www.gradeup.co 50.Which fertilizer manufacturing company has 57.Which department comes under Central Public introduced the world’s first Nano Urea Liquid for Sector Enterprises (CPSE)? farmers? A. Department of Public Enterprises A. Brahmaputra Valley Fertilizer Corporation Ltd B. Department of Revenue B. Chambal Fertilisers and Chemicals Ltd. C. Department of Border Management C. Hindalco Industries Ltd. D. Department of Consumer Affairs D. Indian Farmers Fertiliser Cooperative Ltd 58.Selling of government bonds come under 51.Which technology is used in paywave or “Tap ______. and Go “service? A. Revenue Department A. Radio Frequency Identification (RFID) B. RBI technology C. SEBI B. Near field Communication (NFC) D. NITI Aayog C. Straight Through Processing technology D. Host Card Emulation (HCE) technology 59.Which Payments Bank has launched “DigiGold”,

52.NAFIS survey conducted by which Organization? a digital platform for customers to make A. SIDBI investments in gold? B. SEBI A. C. RBI B. India Post Payments Bank D. NABARD C. Fino Payments Bank D. 53.What is the budget allocation for the 2021 Fiscal under ‘Project Cheetah’? 60.Japanese brokerage Nomura revised its GDP A. Rs 1,000 crore growth estimate for India for the current 2021-22 B. Rs 1,100 crore fiscal to how much percent? C. Rs 1,300 crore A. 10.2% D. Rs 1,400 crore B. 10.8% C. 10.5% 54.According to ministry of Commerce and Industry D. 11.5% which country is the top investor with 29 per cent share? 61.Which bank has launched the ‘Asia Pacific Tax A. Singapore Hub’ to enhance International Tax Cooperation? B. USA A. World Bank C. Japan B. Asian Infrastructure Investment Bank D. Mauritius C. New Development Bank 55.The Mahindra Rural Housing Finance (MRHFL) D. Asian Development Bank has partnered with which bank for a cash management solution? 62. Which entity in association with Mastercard A. Airtel Payments Bank has released a report titled ‘Connected Commerce: B. India Post Payments Bank (IPPB) Creating a Roadmap for a Digitally Inclusive C. Fino Payments Bank Bharat’? D. Jio Payments Bank A. RBI B. SEBI 56.Which organisation released the National C. NITI Aayog Strategy for Financial Education 2020-2025? D. Finance Ministry A. NITI Aayog B. SEBI C. RBI D. CSO

6 www.gradeup.co 63.Which of the following cards can be used for 69.Which e-commerce payment platform has withdrawing money, can do shopping, Pay toll tax, launched a new video-based wealth community as well as Pay bus charges? called Wealth Community? A. One Nation One Card A. Amazon Pay B. Co-Brand Airline Card B. Paytm C. PIONEER Banking Card C. Google Pay D. World Safari Card D. MobiKwik

64.According to UN Study, Online share of retail 70.According to Asian Development Outlook, 2021 sales jumps to how much percent amid lockdowns? released by the Asian Development Bank what will A. 19% be the growth rate of Indian Economy in the B. 20% current fiscal year (2021-22)? C. 21% A. 9 percent D. 22% B. 9.5 percent C. 10 percent 65.Which company owned the iconic Java bike in D. 11 percent 2018? A. Mahindra 71.In Partnership with which two banks the B. TATA Aceware FinTech Services launched Kerala’s first C. HERO neobank called Ace Money Neobank? D. Royal Enfield A. YES Bank and ICICI Bank B. HDFC Bank and 66.Which becomes the 3rd largest Indian IT C. Axis Bank and Kotak Mahindra Bank services company by market capitalization of Rs D. and IndusInd Bank 2.65 trillion? A. TCS 72.Which has been appointed as transaction B. Wipro advisor by the Port Trust (JNPT) C. HCL Technologies for the privatization of the J N Port Container D. Terminal (JNPCT)? A. PNB Investment Service Ltd 67.Which company has partnered with B. Baroda Global Shared Services Ltd Cryptocurrency exchange, Gemini & WebBank to C. BOI Shareholding Ltd launch a 1st of its kind, Cryptocurrency rewards D. SBI Capital Markets Ltd ? A. Rupay 73.Which tech giant has bought AI speech tech firm B. VISA Nuance for $19 .7 billion? C. Mastercard A. IBM D. American Express B. Adobe C. TCS 68.By which year the IT major Wipro has D. Microsoft announced its plan to achieve Net-Zero Greenhouse Gas (GHG) emissions? 74.Which e-commerce company announced to A. 2025 acquire 100% stake in Cleartrip, one of the oldest B. 2030 travel booking portals in India? C. 2032 A. Amazon D. 2040 B. Myntra C. Flipkart D. e-Bay

7 www.gradeup.co 75.Which financial institution will invest USD 100 81.Which investment fund has acquired a 74% million in J.C Flowers India Opportunities Fund to stake in Engie Group’s Solar Energy Assets in India? help Indian financial institutions in resolving A. Edelweiss Infrastructure Yield (EIYP) distressed assets? B. Capital Trust A. International Finance Corporation (IFC) C. North India Growth Fund Trust B. International Bank for Reconstruction and D. Aditya Birla Real Estate Debt Fund Development (IBRD) C. Asian Development Bank 82.Which bank has signed a Memorandum of D. Asian Infrastructure Investment Bank Understanding (MoU) with Our Food Pvt. Ltd., Visakhapatnam to help farmers set up cost 76.Which has partnered with effective processing units? fintech company, NIRA to strengthen its digital A. Pragathi Krishna Gramin Bank Karnataka footprint and onboard its customers for Personal B. Kaveri Grameena Bank Loans? C. Andhra Pragathi Grameena Bank A. A U Small Finance Bank D. Karnataka Vikas Grameena Bank B. Capital Small Finance Bank C. Ujjivan Small Finance Bank 83.Which intergovernmental bank has raised over D. Janalakshmi Small Finance Bank USD 307 Million from the first Panda bond issue in more than a decade? 77.The has announced A. Asian Development Bank mandatory hallmarking of gold artefacts and B. Asian Infrastructure Investment Bank jewellery from ______. C. World Bank A. 1st April 2021 D. New Development Bank B. 1st May 2021

C. 1st June 2021 84.According to UN Conference on Trade and D. 1st July 2021 Development (UNCTAD), Indian economy is 78.Which municipal corporation has issued estimated to contract by what per cent in FY 2020- country’s first green bonds? 21? A. Ghaziabad Municipal Corporation A. 4.9% B. Ayodhya Municipal Corporation B. 5.9% C. Agra Municipal Corporation C. 6.4% D. Aligarh Municipal Corporation D. 6.9%

79.Longi Green Energy Technology Co, the world’s 85.Which company has signed an initial pact with biggest solar energy company belong to which the National Productivity Council (NPC) to explore country that is entering in to the hydrogen market? the business opportunities in consultancy services? A. USA A. Power Finance Corporation B. Japan B. Power Trading Corporation of India Limited C. China C. Rural Electrification Corporation D. Russia D. Shipping Corporation of India

80.Which two banks have tied up to launch a New 86.Which of the following organisation launched Umbrella Entity (NUE) for retail payments along ‘UPI-Help’? with global e-commerce major Amazon and cards A. PhonePe major Visa as their partners? B. Google Pay A. HDFC and IndusInd Bank C. NPCI B. ICICI and Axis Bank D. Jio C. Bandhan Bank and IDFC Bank D. Kotak Mahindra Bank and Yes Bank

8 www.gradeup.co 87.Which country becomes India’s 2nd Biggest Oil 94.As per the ‘Brand Finance Global 500 2021 Supplier in February 2021? Ranking, which is India’s Most Valuable Brand? A. Saudi Arabia A. Reliance Industries B. USA B. TATA C. Iran C. State Bank of India D. Nigeria D. HDFC Bank

88.What per cent of the 4G telecom spectrum 95.According to the 10th Edition of Hurun Global auction was bagged by Reliance Jio? Rich List 2021 who emerged as the richest person A. More than 30% of the world? B. More than 40% A. Mukesh Ambani C. More than 50% B. Bill Gates D. More than 60% C. Jeff Bezos D. Elon Musk 89.Who is the regulator of ECGC? A. Ministry of Commerce and Industry 96.Which entity has launched an ‘AI B. Ministry of Finance Gamechangers’ program to promote artificial C. Ministry Social Justice and Empowerment intelligence (AI)-led innovation in the country? D. Ministry of Electronics and Information A. CII Technology B. FICCI C. NASSCOM 90.Which company will invest the highest in bitcoin D. NITI Aayog in 2021? A. Amazon 97.The Swedish automaker, Volvo has announced B. Microsoft that it will make only electric vehicles by ______. C. Berkshire Hathaway A. 2025 D. Tesla B. 2028 C. 2030 91.Hiranandani group has planned to invest Rs. D. 2032 10,000 crore in ____. A. West Bengal 98.Which institution is to provide Rs 100 crore to B. Assam Gurgaon-based hospital chain Medanta, to fight C. Tamil Nadu Covid-19 pandemic? D. Kerala A. Asian Development Bank B. World Bank 92.What percent stack owned by Adani group in C. Asian Infrastructure Investment Bank Airport recently? D. New Development Bank A. 23.5% B. 25 .5% 99.As per S&P global ratings, which county will be C. 32.5% the fastest growing emerging market economies D. 35 .5% with 10% growth in next fiscal? A. Germany 93.Jeff Bezos who has decided to step down as B. China chief executive of the e-commerce giant, he started C. India ‘Amazon.com’ as ______. D. Bangladesh A. Online Electronic Goods B. Online Apparel Store C. Online Gaming D. An online Bookstore

9 www.gradeup.co 100.Kishor Biyani is the CEO of which company on 106.What does CAPEX stand for in relation with which SEBI has imposed a penalty? CPSE (Central Public Sector Enterprises)? A. Hindalco Industries A. Capital Expenditure B. Reliance Pvt Ltd B. Capital Exchange C. Adani Groups C. Capital Exercise D. Future Retail Ltd D. CAPital EXPansion

101.Which country becomes the top trade partner 107.What is the name of the biggest LNG supplier of India in 2020 surpassing USA? Gulf country to India, with which it has set up a task A. Japan force to identify projects for investment? B. Saudi Arabia A. Oman C. China B. Qatar D. Germany C. Bahrain D. Kuwait 102.Uttar Pradesh is all set to export 20 tonees of Buddha Rice, popularly known as "Kala Namak" 108.Nepal has decided to award the contract for Rice to which country? construction of 679 megawatt Lower Arun A. Myanmar Hydropower Project to which Indian company? B. China A. National Hydroelectric Power Corporation C. Thailand (NHPC) D. Singapore B. Satluj Jal Vidyut Nigam (SJVN) C. NTPC Limited 103.What is the full form is OTT? D. Larsen & Toubro Limited A. Over-The-Top B. On-The-Top 109.What was the budget allocation in FY 2020-21 C. Over-The-Transformation for the Defence sector? D. On-The-Transition A. Rs 2,71,378 crore B. Rs 3,91,378 crore 104.Which becomes the first government financial C. Rs 4,21,378 crore institution to launch its own debit card? D. Rs 4,71,378 crore A. Kerala Financial Corporation B. Karnataka Financial Corporation 110.Which entity hold 51 percent share holdings in C. Tamil Nadu Financial Corporation LIC? D. Goa Financial Corporation A. IDBI Bank B. 105.The Headquarters of IFSCA (International C. Centres Authority) is in ______. D. A. Ahmedabad B. Gandhinagar C. Surat D. Baroda

10 www.gradeup.co ###ANSWERS### 1. Ans. A. • AWS helps RBL bank to strengthen its AI-powered • Reserve Bank of India (RBI) has imposed a penalty banking solutions and drive digital transformation of Rs 1 crore on Cooperatieve Rabobank U.A. for at the Bank, adding significant value to the Bank’s deficiencies in regulatory compliances. innovative offerings, saving costs, and tightening • The penalty has been imposed for contravention risk controls. of certain provisions of the Banking Regulation Act, 1949 and directions related to 'transfer to reserve 5. Ans. A. funds'. * Small Industries Development Bank of India • Examination of the risk assessment report (SIDBI), the principal financial institution engaged pertaining to the same, revealed contravention of in the promotion, financing and development of the provisions of the Banking Regulation Act and Micro, Small and Medium Enterprises (MSMEs), in the directions issued by RBI. partnership with Foreign, Commonwealth & Development Office, UK (FCDO UK) has launched 2. Ans. B. ‘Swavalamban Challenge Fund’ (SCF). • Ltd (PPBL) became the 1st * A challenge fund is a fund support mechanism to bank in India to achieve the milestone of issuing 1 allocate funds for specific purposes using crore FASTags. It has ~28 percent share as FASTag competition among organisations. issuer bank. * Suppose there is an idea which needs to be • As per the data of National Payments Corporation piloted or scaled up, but funds are an issue, of India (NPCI), around 3.47 crore FASTags were challenge fund provides solution platform to issued by all banks together till the end of June present the idea in prescribed theme, implement 2021. and validate it. • PPBL also exists as India’s largest acquirer of toll * Later the same can be scaled up by leveraging plazas under the National Electronic Toll Collection other donor / financier support. (NETC) program. As per PPBL data, out of the total 851 toll plazas across the national and state 6. Ans. B. highways 280 were using PPBL payment gateway to • CoinDCX became India’s first cryptocurrency collect toll charges digitally. unicorn after the exchange raised 6.70 billion rupees ($90 million) from investors led by Facebook 3. Ans. B. Inc. • The State Government of Punjab is all set to • The latest funding round values the firm at $1.1 introduce an online payment system for water billion. supply bills in all of its villages in a phased manner. • Other investors include existing partners • The information for the same was provided by Coinbase Ventures, Polychain Capital, Block.one, Punjab Water Supply and Sanitation Minister Razia and Jump Capital. Sultana who launched an online billing and revenue • The 30-year-old engineer from the elite Indian monitoring system (RMS) for online payment of Institute of Technology spent several hours daily water supply bills in the villages of district SAS- reading about blockchain and cryptocurrencies Sahibzada Ajit Singh Nagar (Mohali). before setting up CoinDCX in 2018. • This system is being implemented in collaboration with HDFC (Housing Development Finance 7. Ans. D. Corporation Ltd) bank which has provided a • Asian Development Bank has approved a USD 300 technological and banking platform million loan as additional financing for the ongoing Maharashtra Rural Connectivity Improvement 4. Ans. C. Project that is upgrading rural roads and • RBL Bank has chosen Amazon Web Services connecting remote areas with markets. (AWS), an Amazon.com company, as its preferred • The ongoing project, approved in August 2019, cloud provider. has been improving and maintaining the condition

11 www.gradeup.co and safety of 2,100 kilometres (km) of rural roads • Reliance took a beating on the rankings as across Maharashtra revenues dropped owing to the COVID-19 • The additional financing will improve an pandemic. additional 1,100 rural roads and 230 bridges for a • This is its lowest ranking since 2017. total length of 2,900 km in 34 districts, the • Walmart continues to top the Fortune list with a Multilateral funding agency added. revenue of USD 524 billion, followed by China's • The additional financing aims to help accelerate State Grid at USD 384 billion. With USD 280 billion Maharashtra’s economic recovery from Covid-19 revenue, Amazon came in at the third spot, devastation by generating rural employment and replacing Chinese giants. China National Petroleum transforming agriculture. was ranked fourth and Sinopec Group fifth.

8. Ans. C. 11. Ans. A. • Indian Bank has signed up with NSRCEL, the • Walmart continues to top the Fortune list with a incubation arm of IIMB, for extending exclusive revenue of USD 524 billion, followed by China's credit to startups. State Grid at USD 384 billion. With USD 280 billion • NSRCEL is known for bringing up start-ups, revenue, Amazon came in at the third spot, industry mentors and eminent academicians from replacing Chinese giants. the parent institution, IIM Bangalore and • China National Petroleum was ranked fourth and researchers who thrive on continuous interaction Sinopec Group fifth. of theory and practice. IIMB also nurtures • Billionaire Mukesh Ambani's oil-to-telecom technology and knowledge-based ventures. conglomerate Reliance Industries Ltd slipped 59 • Startups require funding to expand and grow. places to rank 155th on the 2021 Fortune Global One of the most common problems they face is 500 list. maintaining a positive cash flow. • Reliance took a beating on the rankings as • Under the MOU, NSRCEL will identify Start-ups revenues dropped owing to the COVID-19 and MSMEs based on their credentials and past pandemic. experience and will refer such members for • This is its lowest ranking since 2017. financial assistance from the Bank. • RIL, State Bank of India (SBI), (IOC), Oil and Natural Gas Corporation 9. Ans. D. (ONGC), Rajesh Exports, Tata Motors and Bharat • India’s nuclear power capacity is expected to Petroleum Corporation Ltd (BPCL) are seven Indian reach 22,480 MegaWatts from the current 6,780 companies are featured in the list. MegaWatts by 2031 • Share of nuclear power in the total electricity 12. Ans. D. generation in the country is about 3.1% in 2020-21. • Walmart continues to top the Fortune list with a • Govt has embarked on a large nuclear power revenue of USD 524 billion, followed by China's capacity addition program to increase the share of State Grid at USD 384 billion. With USD 280 billion nuclear power in electricity generation. revenue, Amazon came in at the third spot, • There are presently 22 reactors with a total replacing Chinese giants. capacity of six thousand 780 MW in operation. • China National Petroleum was ranked fourth and • Ten nuclear power reactors with eight thousand Sinopec Group fifth. MW capacity are under construction. • Billionaire Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries Ltd slipped 59 10. Ans. C. places to rank 155th on the 2021 Fortune Global • Billionaire Mukesh Ambani's oil-to-telecom 500 list. conglomerate Reliance Industries Ltd slipped 59 • Reliance took a beating on the rankings as places to rank 155th on the 2021 Fortune Global revenues dropped owing to the COVID-19 500 list. pandemic. • This is its lowest ranking since 2017.

12 www.gradeup.co • RIL, State Bank of India (SBI), Indian Oil 15. Ans. B. Corporation (IOC), Oil and Natural Gas Corporation • At least 25% of the total number of banking (ONGC), Rajesh Exports, Tata Motors and Bharat outlets opened during a financial year must be Petroleum Corporation Ltd (BPCL) are seven Indian opened in unbanked rural centres in Payment companies are featured in the list. Banks

13. Ans. B. 16. Ans. C. * PM Modi will launch e-RUPI, an e-voucher-based • RBI as an apex monetary institution that regulates digital payment solution. the banking and financial system of India. * The e-RUPI initiative will be one of the programmes launched over the years to limit touch 17. Ans. C. points between the government and the * The International Monetary Fund (IMF) has beneficiary and "ensure that the benefits reach its sharply cut India’s economic growth projection by intended beneficiaries in a targeted and leak-proof 300 basis points, from 12.5 per cent to 9.5 per manner". cent for the financial year 2021-22 (FY22). * e-RUPI is a cashless and contactless instrument * The downward revision in the GDP growth rate is for digital payments. due to a lack of access to vaccines and the * It acts as an e-voucher based on a QR Code or SMS possibility of renewed waves of coronavirus. string, which is delivered to the mobile phones of * For FY23 (2022-23), IMF has estimated the gross the beneficiaries. domestic product (GDP) of India at 8.5 per cent, * e-RUPI connects the sponsors of the services with which is 160 basis points higher than its earlier the beneficiaries and service providers in a digital projection of 6.9 per cent. manner without any physical interface. * In the case of the global economy, IMF has * It also ensures that the payment to the service projected 6.0 per cent growth in 2021 and 4.9 per provider is made only after the transaction is cent in 2022. completed. * The e-RUPI platform It has been developed by 18. Ans. A. National Payments Corporation of India (NPCI) on • The National Asset Reconstruction Company its UPI platform, in collaboration with the (NARCL) is a legal entity now and has been Department of Financial Services, Ministry of registered with the Registrar of Companies (RoC) Health and Family Welfare and National Health Mumbai. Authority. • According to data available with the Ministry of Corporate Affairs (MCA), NARCL was incorporated 14. Ans. D. on July 7 with an authorised capital of Rs 100 crore • RBI has imposed monetary penalty of Rs 5 crore and paid-up capital of Rs 74.6 crore. on Axis Bank for non-compliance with certain • The Indian Banks Association (IBA) is likely to provisions of the norms of . approach the Reserve Bank of India (RBI) this week • Penalty has been imposed for contravention of to seek an ARC (asset reconstruction company) certain provisions of directions issued by RBI on licence ‘Strengthening the Controls of Payment Ecosystem • Last month, the IBA had filed an application with between Sponsor Banks and SCBs/UCBs as a the MCA to incorporate NARCL and India Debt Corporate Customer’, ‘Cyber Security Framework Management Company (IDMCL) for managing bad in Banks’, ‘RBI (Financial Services provided by debt in the system. Banks) Directions, 2016’ ‘Financial Inclusion- Access • While NARCL is a registered company now, IDMCL to Banking Services; and ‘Frauds – Classification is yet to become a legal entity. and Reporting’.

13 www.gradeup.co 19. Ans. D. • RBI cancelled the license of the bank as the bank * SBI has selected Paisalo Digital as its National does not have adequate capital and earning Corporate Business Correspondent in order to prospects and does not comply with the provisions boost financial inclusion drive with the help of of section 11(1) and section 22 (3) of the Banking kiosk-based banking services. Regulation Act, 1949. * Paisalo Digital Limited is systemically important Non-Deposit taking NBFC registered with RBI. 26. Ans. C. • BUSY, a business accounting software, partners 20. Ans. C. with ICICI Bank for banking solutions. • Life Insurance Corporation (LIC) has launched • The integration will help BUSY users gain better new health insurance plan called ‘Arogya Rakshak’, accessibility in managing their banking, improving which is a non-linked, non-participating, regular their business efficiencies. premium and individual health insurance plan. • Under this partnership, ICICI Bank's current • It will provide fixed health insurance cover against account holders can securely connect their bank certain specified health risks and provides timely account to BUSY Accounting Software. support in case of medical emergencies. • This integration will allow BUSY users to reconcile their bank statements automatically, do 21. Ans. B. accounting, fetch bank details, make payments, * Sustainable Development Goal 2 aims to achieve etc. ‘zero hunger’. * It is one of the 17 Sustainable Development Goals 27. Ans. A. established by the United Nations in 2015. • NIIT Institute of Finance Banking and Insurance (NIIT IFBI) and Axis Bank have launched a fintech 22. Ans. C. professional programme to build future-ready * Tata Sons Private Limited is the biggest professionals for the private sector lender. shareholder with 2,669,125,829 shares. The • The programme offers graduates with zero to percentage of holding is 72.2% three years of experience an opportunity to join * It's also one of the country's most-valued Axis Bank as a deputy manager (IT). companies. • NIIT the programme is immersive in nature where the learners perform tasks of similar complexity as 23. Ans. B. they would face in their role. * Paytm Payments Bank has emerged as the largest beneficiary on the unified payments interface (UPI) 28. Ans. B. platform, with 430.04 million transactions in April, • India's foreign exchange reserves crossed $600 followed by SBI in the pecking order with 396.3 for the first time. million transactions. • As on June 4, 2021 the foreign exchange reserves stood at $605 billion, almost tying with Russia as 24. Ans. B. the fourth largest reserve holder in the world. * CAC 40 is the benchmark equity index for public • While India’s forex reserve was $605.008 billion, companies traded on the Euronext Paris. Russia’s was $605.2 billion. * The index is made up of the largest 40 companies • It took just about a year for the reserves to rise by listed in France screened by market capitalization, $100 billion. trading activity, size of balance sheet, and liquidity. • The reserves are invested in foreign assets, such 25. Ans. A. as US treasury bonds. • RBI has cancelled the license of Dr. Shivajirao Patil • India’s Forex Reserves include- Gold, Foreign Nilangekar Urban Co-operative Bank Limited, Currency Assets, Special Drawing Rights and Nilanga, Latur district, Maharashtra. Reserve position with International Monetary Fund • Bank ceases to carry on banking business with (IMF). effect from the close of business on July 14, 2021.

14 www.gradeup.co 29. Ans. A. • Users of Shopsy will be able to share catalogues • Digital payments platform PhonePe has of a wide selection of 15 crore products offered by partnered with Flipkart to launch contactless ‘Scan Flipkart sellers. and Pay’ feature for the e-commerce major’s pay- on-delivery orders. 33. Ans. C. • PhonePe’s QR code solution will now enable • Axis Bank has selected Amazon Web Services customers who earlier opted for cash on delivery to (AWS) to accelerate its digital transformation pay digitally through any UPI app at the time of programme. delivery. • Axis bank and AWS signed a multi-year • This is intended to help reduce personal contact agreement, under which the bank will use AWS to while ensuring safety, and drive contactless build a portfolio of new digital financial services payments for customers who are traditionally more and modernise core banking applications. comfortable with cash on delivery. • Axis Bank has deployed over 25 mission-critical applications on AWS, including a Buy Now Pay Later 30. Ans. A. product and a new loan management system to • ICICI Bank has announced the launch of support it, Account Aggregator, Video-Know Your comprehensive banking solutions for doctors, titled Customer, and WhatsApp banking. as ‘Salute Doctors’ • Axis Bank, India’s third-largest private sector • The solution will provide customized banking as bank. well as value-added services for every doctor, beginning from a medical student to a senior 34. Ans. D. medical consultant to an owner of a hospital or a • S&P Global Ratings cut India's growth forecast for clinic the current fiscal to 9.5 per cent, from 11 per cent • It consists of Salute Doctors , earlier. Salute Doctors Current Account, Home loans, • The agency lowered the growth outlook saying Medical equipment loan, Business Loan, Personal that a severe second COVID-19 outbreak in April Loan, Education Loan, etc. and May led to lockdowns imposed by states and sharp contraction in economic activity. 31. Ans. D. • It projected India's growth at 7.8 per cent in the • The World Bank has added $8 billion more for next fiscal ending March 31, 2023. Covid-19 vaccines, totalling $20 billion, for • Indian economy contracted by 7.3 per cent in developing countries. Earlier it had announced $12 fiscal 2020-21 as the country battled the first wave billion. of COVID, as against a 4 per cent growth in 2019- • The funding will be available through 2022 20. • The World Bank is expanding its financing • Earlier this month, RBI too cut India's growth available for Covid-19 vaccine financing to $20 forecast to 9.5 per cent for this fiscal, from 10.5 per billion over the next 18 months, adding $8 billion to cent estimated earlier. the previously announced $12 billion. • Further, the Bank also provided over $4 billion for 35. Ans. D. the purchase and deployment of Covid vaccines for • The Afthonia Lab private Limited has announced 51 developing countries, half of which are in Africa. a strategic partnership with the YES Bank to support the fintech companies in India. 32. Ans. C. • The partnership will also support the efforts to • Flipkart has launched Shopsy, an app that will innovate and inject new ideas to transform the enable Indians to start their online businesses financial sector of India. without any investment. • Under this partnership, the Afthonia Lab’s • Flipkart aims to enable over 25 million online portfolio startups will develop APIs in a sandbox entrepreneurs by 2023 with the help of Shopsy. environment, enabling the startups to experiment

15 www.gradeup.co with innovative ideas and test their solutions in real • Gold loan company Muthoot Fincorp has time. acquired 54% stake in fintech startup Paymatrix by • This will also provide a safe and secure buying out existing investors. environment for the Afthonia Lab entrepreneurs to • The takeover is as part of its added focus on test their ideas and provide an opportunity for Yes digital payments segment. Bank to transform the Indian Banking industry. • Paymatrix was set up in 2016 with a vision to • This collaboration will ensure that business has streamline property rent payments and rent access to mentors from both the global network of collections for tenants and landlords. Afthonia and Yes Bank. 40. Ans. C. 36. Ans. C. • Adani Power Limited (APL) will acquire the 1,200 • Moody's Investors Service slashed India's growth MW Essar Power's Mahan Project located at projection to 9.6% for 2021 calendar year, from its Singrauli district of Madhya Pradesh. earlier estimate of 13.9%. • Resolution Professional of the National Company • This prospect was published in the Law Tribunal (NCLT) issued a Letter of Intent to 'Macroeconomics India: Economic shocks from Adani Power. second COVID wave will not be as severe as last • Essar Power's Mahan power plant supplies power year's' report. through the Mahan-Sipat transmission line and is • Indian economy contracted by 7.3 per cent in also connected with a railway siding 18 km away fiscal 2020-21 as against a 4% growth in 2019-20. from the plant for the supply of coal and other raw materials. 37. Ans. B. • Adani Power will shell out close to Rs 3,000 crore • Digital payments company,PhonePe launched for the Mahan Project. India’s first Wallet Auto Top-up feature using UPI (Unified Payments Interface) e-mandates for its 41. Ans. C. customers. • PayPoint India, a technology-enabled distribution • The amount for Auto top-up ranges from Rs 1,000 network of financial services, signed ‘lead to Rs 5,000. generation agreements’ with 12 financial • Under this feature, when a customer will set up a institutions viz, Punjab , ICICI Bank, UPI e-mandate the PhonePe will automatically top , and Non-Banking Finance up the wallet balance when it drops below a Companies (NBFCs) such as Bajaj Housing, Piramal minimum level. Housing, and Hero Fincorp, among others. • This feature will save a lot of time and effort as • The aim of the deal is to assist with loans to the there is no need to manually top up wallet balance underserved using technology, and to generate for every transaction. leads for housing, personal and business loans 38. Ans. A. through the partnership with banks and NBFCs. • Bharti Airtel and Tata Group announced a • Under the agreement, PayPoint India will help the strategic partnership for implementing 5G network financial institutions to get access to the remote solutions for India. locations where they are unable to reach on their • The partnership with Tata Group allows telecom own, and provide capital. operator Airtel to take head-on, rival Jio's pitch on • As per RBI data, under the loan category of Rs 1- homegrown 5G solutions. 10 lakh, businesses have borrowed only around Rs • Tata Group has developed O-RAN (Open Radio 94,000 crore (low when compared with the Gross Access Network) based Radio and core elements Domestic Product (GDP) of India), hence PayPoint and integrated a totally indigenous telecom stack. India intends to address the gap. • While Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India, with a pilot beginning in January 2022. 39. Ans. B.

16 www.gradeup.co 42. Ans. B. 45. Ans. C. • The ‘UNESCO Science Report 2021: The race • DBS has been named by Forbes in their list of against time for smarter development’ released by World's Best Banks 2021. United Nations Educational, Scientific and Cultural • DBS was ranked #1 out of 30 domestic and Organization (UNESCO) states that India’s international banks in India for the second Investment in Research remains unsatisfactory. consecutive year. • India’s Gross Domestic Expenditure on Research • This is the third edition of the 'World's Best Banks' & Development (GERD) remained at 0.7% of the list by Forbes, conducted in partnership with GDP for several years. market research firm Statista. • India has one of the lowest GERD/GDP ratios • Recently, DBS Bank India was recognised as among the BRICS (Brazil, Russia, India, China, South 'India's Best International Bank 2021' by Africa) nations. Asiamoney. • DBS was named 'Safest Bank in Asia' for the 12th 43. Ans. D. consecutive year by New York-based trade • According to global consultancy BCG, the financial publication Global Finance in 2020. wealth in India grew 11 per cent to USD 3.4 trillion in 2020 despite the coronavirus pandemic. 46. Ans. A. • This growth was at par with the compounded • NTPC Ltd has become a signatory to the annual growth rate for the five years to 2020. prestigious United Nations Global Compact’s CEO • Financial wealth is defined as the total wealth Water Mandate. excluding real assets and liabilities held by adult • The CEO Water Mandate is a UN Global Compact individuals. initiative to demonstrate commitment and efforts • As per the report India is expected to lead the of companies to better their water and sanitation percentage growth of individuals with fortunes of agenda as part of long term Sustainable over USD 100 million till 2025. Development Goals. • The real assets are expected to grow by 8.2 per • It is designed to assist companies in the cent per annum to USD 18.5 trillion by 2025, the development, implementation, and disclosure of report estimated. • NTPC is India’s largest power utility under Ministry of Power. 44. Ans. D. • NTPC has already taken a series of measures • India's export of agricultural and allied products across its plant locations on sound water in 2020-21 grew by 17.34 per cent to USD 41.25 management. billion. • It has said that NTPC will further imbibe the 3 R’s • The largest markets for India's agricultural (Reduce, Reuse and Recycle) for water products are the US, China, Bangladesh, UAE, conservation and management while carrying out Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and its core business activity of power generation. Malaysia. • Further, as many as 18 states -- including 47. Ans. B. Maharashtra, Kerala, Nagaland, Tamil Nadu, • India’s largest private lender, HDFC Bank has Assam, Punjab, and Karnataka -- have finalised planned to become carbon neutral by 2031-32. their specific action plan to implement the Agri Bank is now looking to reduce its emissions, energy, export policy. and water consumption.The bank is working on a • As part of the policy, 46 unique product-district framework of issuing green bonds. clusters have been identified for export promotion • As part of this initiative, the bank is looking at and 29 cluster level committees have been formed. reducing its emissions, energy, and water consumption. • It will continue to incorporate and scale up the use of renewable energy in its operations.

17 www.gradeup.co 48. Ans. D. 51. Ans. B. * The International Labour Organisation, said the • Over the years, card payments in India have global unemployment rate will be 5.7% in 2022 become popular and contactless cards like Visa’s with estimated 205 million unemployed people payWave and Mastercard’s PayPass are also around the world, which will continue to be higher becoming mainstream. than the pre Covid numbers of 187 million in 2019. • These contactless cards today are gaining a lot of * Further, compared to 2019, an additional 108 traction. They are not only helping people make million workers worldwide are now categorized as small transactions quickly but are also doing away poor or extremely poor which means that the five with the need for PINs. years of progress towards the eradication of • Contactless cards are embedded with integrated working poverty have been undone rendering the circuits that can store and process data and achievement of the UN Sustainable Development communicate with a terminal using Near Field Goal of eradicating poverty by 2030 even more Communication (NFC) technology. elusive. • These cards also have an antenna and magnetic * The report projects the global crisis-induced ‘jobs strip embedded in the plastic that completes a gap’ to reach 75 million in 2021 before falling to 23 transaction. million in 2022. * The related gap in working-hours, which includes 52. Ans. D. the jobs gap and those on reduced hours, will NABARD All India Financial Inclusion Survey amount to the equivalent of 100 million full-time (NAFIS), conducted by National Bank for jobs in 2021 and 26 million full-time jobs in 2022. Agriculture and Rural Development (NABARD), revealed that farm households register higher 49. Ans. A. income than the families solely dependent on non- * India’s largest private sector general insurer ICICI farm livelihood activities in rural areas. Lombard has partnered with Microsoft to strengthen and automate the quality control 53. Ans. D. processes. • The Ministry of Environment, Forest and Climate * Everyday service calls made by customer support Change (MoEFCC) has approved a budget of INR 1, reps will be screened by ICICI Lombard with the 400 Lakh for the 2021 Fiscal under ‘Project help of Microsoft’s Azure Speech Providers and Cheetah’. Pure Language Processing (NLP). • National Tiger Conservation Authority (NTCA) will release money for the project to Madhya Pradesh 50. Ans. D. and the Dehradun-based Wildlife Institute of India • Indian Farmers Fertiliser Cooperative Limited (WII) in June, 2021. (IFFCO) has introduced the world’s first Nano Urea • The government of India has decided to brought Liquid for farmers during its 50th annual general 10 Cheetahs from South Africa & Namibia. body virtual meeting.The production of Nano Urea • India’s last Cheetah died in Chhattisgarh in 1947. Liquid will commence by June 2021. • Scientists have developed indigenous Nano Urea 54. Ans. A. Liquid at Nano Biotechnology Research Centre, • Foreign direct investments (FDI) into the country Kalol,Gujarat in line with ‘’ and grew 19 per cent to USD 59.64 billion during 2020- ‘Atmanirbhar Krishi’. 21 on account of measures taken by the • Nano Urea Liquid will be efficient for plant government on the fronts of policy reforms, nutrition which increases the production with investment facilitation and ease of doing business, improved nutritional quality. the commerce and industry ministry. • It will create a huge positive effect on the quality • Total FDI, including equity, re-invested earnings of underground water, very significant reduction in and capital, rose 10 per cent to the "highest ever" the global warming with an impact on climate of USD 81.72 billion during 2020-21 as against USD change and sustainable development. 74.39 billion in 2019-20.

18 www.gradeup.co • In terms of top investor countries, Singapore is at 58. Ans. B. the top with 29 per cent share. It was followed by * Government bonds are bonds issued by the the US (23 per cent) and Mauritius (9 per cent) central government and supervised by the Reserve during the last fiscal. Bank of India (RBI). * When the government is in need of finance for 55. Ans. B. any project which is for the welfare of the public, * Mahindra Rural Housing Finance (MRHFL), a the government will sell the bonds to the public to subsidiary of Mahindra and Mahindra Financial Ltd, raise the fund. and India Post Payments Bank (IPPB) made a * The government would pay the regular or fixed partnership for a cash management solution. interest rate to the investors who buy the bonds. * Under the partnership, IPPB will be offering cash The face value of the bonds will be paid to investors management and collection services to MRHFL on the maturity date. through its access points and postal service * Government bonds in India offer many benefits providers. to investors. Read more to know the benefits, and * IPPB’s large national network has facilitated the how to buy government bonds in India. deployment of cash management solutions to meet the requirements of MRHFL. 59. Ans. A. * Using the cash management service, MRHFL • Airtel Payments Bank has launched “DigiGold”, a customers could able to repay their monthly or digital platform for customers to make investments quarterly loan instalments at over 1.36 lakh post in gold. offices. • This has been rolled out in partnership with SafeGold, a provider of digital gold. 56. Ans. C. • With DigiGold, Airtel Payments Bank’s saving * The Reserve Bank of India (RBI) has released the account customers can invest in 24K gold using the National Strategy for Financial Education (NSFE) for Airtel Thanks app. Customers can also gift DigiGold the next five years (2020-2025). to their family and friends, who have a savings * Under this, the central bank has recommended a account with Airtel Payments Bank. '5-Core Actions' approach for dissemination of financial education in the country. The first such 60. Ans. B. strategy for implementation was released in the • Japanese brokerage Nomura cut its GDP growth year 2013. estimate for India for the current 2021-22 fiscal to * On June 18, 2020, as per RBI, the strategy has 10.8 per cent from the earlier 12.6 per cent, been approved by the FSDC-SC in its 24th meeting. blaming the impact of the second wave-induced However, the document was made public on lockdowns. August 20, 2020. • It said the activity levels have dropped further to 64.5 per cent of the pre-pandemic levels in the 57. Ans. A. week to May 9 as per a proprietary index, after a The Ministry of Heavy Industries and Public further 5 percentage points drop in the week. Enterprises is an executive agency of the • The activity levels, at present, are at par with Government of India that administers 48 central those seen in June 2020. public sector enterprises (PSEs) and assists them in their effort to improve capacity utilization and 61. Ans. D. increase profitability, generate resources and re- • The Asian Development Bank (ADB) has launched orient strategies to become more competitive. The the ‘Asia Pacific Tax Hub’ to enhance International ministry serves as an interface between PSEs and Tax Cooperation. other agencies for long-term policy formulation. • The Hub will create an open and inclusive The ministry also encourages the restructuring of platform for promoting strategic policy dialogue, PSEs to make their operations competitive and improving knowledge sharing & strengthening viable on a long-term and sustainable basis.

19 www.gradeup.co coordination on tax policy and administration the AFC System, Access Gate, Mobility Card and among ADB members and development partners. Card Reader /Validator. • It will maximise the regional and international resources to strengthen domestic resource 64. Ans. A. mobilisation and international tax cooperation • According to a study conducted by UN, the Online among ADB’s Developing Member Countries sales accounted for nearly a fifth of total retail (DMCs). turnover last year as lockdowns to combat the • The hub will support DMCs on 3 main building spread of the coronavirus pandemic fuelled a boom blocks – Preparation of Medium-Term Revenue in e-commerce. Strategies (MTRS), roadmaps for automation of tax • Online sales accounted for 19% of overall retail administration, and proactive participation in sales in 2020, up from 16% a year earlier, according International Tax Initiatives. to estimates from the UN Conference on Trade and • ADB will establish a Secretariat to operationalize Development (UNCTAD) based on national the hub. The hub will organise a first high-level statistical offices in major economies. conference by the end of 2021. • South Korea reported the highest share at 25.9%, up from 20.8% the year before. China had a 24.9% 62. Ans. C. share, Britain 23.3% and the United States 14.0%. * NITI Aayog and Mastercard released a report titled ‘Connected Commerce: Creating a Roadmap 65. Ans. A. for a Digitally Inclusive Bharat’. • Jawa, the iconic Czech motorcycle brand, has * The report identifies challenges in accelerating been reborn under the ownership of the Mahindra digital financial inclusion in India and provides group as the company launched the first range in recommendations for making digital services India. accessible to its 1.3 billion citizens. • The Jawa and Jawa Forty, two are the brand’s new * Based on five roundtable discussions held in torch bearers, bringing back the classic appeal of October and November 2020, the report highlights Jawa with modern fittings. key issues and opportunities,with inferences and • The bikes have an all-new 293cc, liquid cooled, recommendations on policy and capacity building single cylinder, DOHC engine nestled within a across agriculture, small business (MSMEs), urban double cradle chassis. mobility and cyber security. Experts from the government, banking sector, the financial 66. Ans. B. regulator, fintech enterprises, and various • Wipro regained its position as the 3rd largest ecosystem innovators participated in the Indian IT services company by market capitalization discussions led by NITI Aayog and supported by of Rs 2.65 trillion by suppressing HCL Technologies’ Mastercard. Rs 2.62 trillion market cap. * NITI Aayog was a knowledge partner in this • TCS remains at the top of the list with a market endeavour. The series of workshopsand the cap of Rs. 11.51 trillion followed by Infosys. outcome reportwere curated by business advisory • Wipro has also announced its commitment to firm FTI Consulting.The report reflects the achieving net-zero greenhouse gas (GHG) discussions held during the roundtables. emissions by 2040, in line with the objective of the Paris Agreement to cap temperature rise to 1.5 63. Ans. A. degree Celsius. * Government of India introduced ‘One Nation One • The country’s third-largest largest software Card’ for all types of digital transactions. services company has set an intermediate target of * Ministry of Housing & Urban Affairs (MoHUA) 55 per cent reduction in GHG emissions by 2030 in took the initiative for standardization and absolute emission levels compared to its base year indigenization of the complete ecosystem for the of 2016-17 (April-March). National Common Mobility Card (NCMC), covering

20 www.gradeup.co 67. Ans. C. • For FY2022, India’s GDP is expected to expand at • Mastercard in partnership with Cryptocurrency 7%. exchange, Gemini & WebBank, a leader in digital • Further, it said the gross domestic product (GDP) lending, and the bank issuing the credit card to of South Asia is expected to rebound to 9.5% this launch a 1st of its kind, Cryptocurrency rewards year, following a contraction of 6% in 2020, before credit card. moderating to 6.6% next year (2022). • Using this card, Clients will earn up to 3% in cryptocurrencies depending on their purchase. 71. Ans. A. • The rewards will be automatically deposited in • Aceware FinTech Services, a Kerala-based fintech the cardholder’s Gemini account in real time. services company, launched Kerala’s first neobank • There will be no annual fee for the card and there called Ace Money Neobank, in partnership with YES is a 24/7 live customer support Bank and ICICI Bank. • This is a small metal card with only the • Under Ace Money, the start-ups, merchants, and cardholder’s name on it. enterprise entities can open present accounts, in • The 16-digit card number can be accessed in line with the corporate Gemini web or mobile app and require two factor • Chqbook is India’s first Neobank for small authentications since it is not present in the card. business owners like kiranas, merchants, chemists, and others running proprietorships 68. Ans. D. • Wipro, the IT software major announced its plan 72. Ans. D. to achieve Net-Zero Greenhouse Gas (GHG) • Jawaharlal Nehru Port Trust (JNPT) has hired SBI emissions by 2040 and committed an intermediate Capital Markets Ltd. (SBI Caps), subsidiary of State target to achieve a 55 per cent reduction in GHG Bank of India (SBI) to act as transaction advisor for emissions by 2030 compared to its base year of the privatization of the J N Port Container Terminal 2016-17 (April-March). (JNPCT). • The targets fixed by the company are in • JNPT has planned to privatize the JNPCT through accordance with the Paris Agreement’s objective to the public-private-partnership (PPP) route in cap temperature rise to 1.5 degrees Celsius, and December 2020, and it was evaluated by the the globally accepted Science Based Targets standing finance committee(SFC) in the ministry of initiative (SBTi). ports, shipping, and waterways(MoPSW). • JNPT has appointed SBI Caps as the transaction 69. Ans. B. advisor for the PPP project which is estimated to • Home-grown digital financial services platform cost Rs 863.31 crores. Paytm has launched a new video-based wealth • It is one of the five container terminals at JNPT community called the Paytm Wealth Community. and it has handled 1.35 million twenty-foot • Paytm Wealth Community is an investing equivalent units (TEUs) a year (544,027 TEUs in community based on video, and “will enable users FY21 from 718,863 TEUs in FY20). to attend live sessions conducted by subject matter experts across an array of wealth topics like Stocks, 73. Ans. D. F&O, IPO, ETFs, Mutual Funds, Gold, Fixed Income, • Microsoft has made its second-biggest acquisition and Personal Finance. after LinkedIn. The tech giant has bought AI speech tech firm Nuance for $19.7 billion. 70. Ans. D. • The move will help Microsoft’s prowess in voice • The Indian economy is projected to grow at 11% recognition and will give it a boost in the health in the current financial year amid the “strong” care market. vaccine drive. • Nuance is known for its Dragon software which • However, the Asian Development Bank (ADB) helps to transcribe speech using deep learning. In cautioned that the surge in COVID-19 cases may 2016, Microsoft had purchased LinkedIn for $26 put the country’s economic recovery at risk. billion.

21 www.gradeup.co 74. Ans. C. be made mandatory across the country from 15 • Flipkart has officially announced its plan to January 2021. acquire a 100% stake in Cleartrip, one of the oldest • But the deadline was extended for four months travel booking portals in India, as the online retailer after the jewellers sought more time in the wake of looks to strengthen its overall offerings. the Covid-19 pandemic. • Cleartrip will continue to operate as a separate brand and will work closely with Flipkart to further 78. Ans. A. develop technology solutions. • The country's first green bonds, issued by • While the terms of the acquisition were not Ghaziabad Municipal Corporation, were listed on disclosed, the deal is expected to be a mix of cash BSE. and equity, likely valuing the online travel agent at • Ghaziabad Municipal Corporation, a civic body in around $40 million in what is considered to be a Uttar Pradesh, has raised Rs 150 crore through the distress sale. issuance of green bonds and the proceeds will be utilised for the tertiary water treatment plant to 75. Ans. A. benefit industries in Ghaziabad. • International Finance Corporation (IFC), member • The corporation also received Rs 19.5 crore of the World Bank Group announced to invest USD incentive from the Union government for raising 100 million in J.C. Flowers India Opportunities Fund funds through municipal bonds. to help Indian financial institutions in resolving • The bonds got oversubscribed with bids worth distressed assets. over Rs 401 crore, according to the corporation. • The investment is part of IFC’s Distressed Asset Recovery Program’s (DARP) work in India. 79. Ans. C. • Initially, IFC will invest USD 40 million. * China’s Longi Green Energy Technology Co., the • It will help the domestic lenders (Lenders in India) world’s biggest solar company, is entering the to resolve their distressed assets and free up the hydrogen market. capital for new lending. * This is mainly because hydrogen is a carbon-free • It will allow mid-sized firms to preserve jobs and fuel that can be produced by electrolysis of water avoid insolvency during the pandemic. and then stored and transported and used in every possible machinery such as cars to electrical 76. Ans. C. generators to steel mills. • Ujjivan Small Finance Bank (USFB), a wholly- * The firm, which manufactures wafers, cells and owned subsidiary of Ujjivan Financial Services panels, is the world’s largest solar company by Limited made a partnership with a fintech, NIRA to market capitalization, at about $52 billion. strengthen its digital footprint and onboard its customers for Personal Loans. 80. Ans. B. • This was USFB’s first Digital Lending Partnership. • ICICI Bank and Axis Bank have tied up with global • Salaried customers can apply for a personal loan e-commerce major Amazon and cards major Visa to by using the NIRA app, which will fund the low- launch a retail payments entity income salaried class. • It will be a rival to state-owned NPCI. • The aim of the it is to serve the unserved and • ICICI Bank and Axis Bank will be co-leading with underserved customers through personal loans. each having a 20% stake (40%) and the other partners including Amazon, Billdesk, and 77. Ans. C. Visa will be holding a stake of 15% each (60%) • The government is all set to implement • RBI allowed other organisations to set up mandatory hallmarking of gold jewellery and umbrella entities for payments systems to create artefacts from 1 June 2021. an alternate mechanism(rivalry) to the National • In November 2019, the govt had announced that Payments Corporation of India (NPCI) for speeding hallmarking of gold jewellery and artefacts would up the cashless payment.

22 www.gradeup.co • RBI has fixed March 31, 2021, as the deadline for 84. Ans. D. making application to form NUEs. • According to the report 'Out of the frying pan …Into the fire?' published by by UN Conference on 81. Ans. A. Trade and Development (UNCTAD) India’s • Edelweiss Infrastructure Yield Plus (EIYP), an economy, estimated to contract by 6.9 per cent in alternative investment fund managed by Edelweiss 2020 due to the coronavirus pandemic. Alternative Asset Advisors Limited (EAAA), along • However, it forecasted to record a "stronger with its investee company Sekura Energy, has recovery" in 2021 and grow by 5 per cent in FY acquired 74% stake in the solar portfolio of Engie in 2021-22. India. • The September 2020 report by UNCTAD had said • These assets will be developed by Engie and that India’s economy was forecast to contract by acquired by EIYP post-commissioning. Engie has 5.9 per cent in 2020 and recover to 3.9 per cent in 813 MW of operating capacity in the country. 2021. • The deal will give Edelweiss Infrastructure Yield Plus access to 2 GW of solar assets that Engie is 85. Ans. B. developing. * PTC India Limited, a leading provider of power trading solutions in India has signed an initial pact 82. Ans. D. with the National Productivity Council (NPC) to • In a bid to help farmers set up cost effective explore the business opportunities in consultancy processing units, the Karnataka Vikas Grameena services. Bank (KVGB) has signed a Memorandum of * Under this pact, both NPC and PTC have agreed Understanding (MoU) with Our Food Pvt. Ltd., to jointly explore and develop business Visakhapatnam. opportunities for consultancy/project • According to the MOU signed recently, the management services in the areas of energy vendor will ensure supply, delivery and installation efficiency, renewable energy, productivity of high quality, standardised and branded enhancements, quality assurances, optimization of equipment/machinery as per the requirement of technology, and others within India and overseas. the farmer/farmer franchisee, and also purchase of processed products. 86. Ans. C. • The vendors also ensure regular recovery towards * India’s digital payments umbrella entity called such loan accounts and also support the bank in National Payments Corporation of India (NPCI) has end utilisation of the loan. launched ‘UPI-Help’ on BHIM UPI. * The ‘UPI-Help’ will help in the grievance redressal 83. Ans. A. mechanism for BHIM app users. • Asian Development Bank (ADB) has raised over * With this application, users will be able to check USD 307 Million from the 1st Panda bond issue in the status of the pending transactions, raise more than a decade. This is ADB’s largest-ever complaints against transactions that are not borrowing in an Asian local currency. processed if the money has not reached the other • It is the first borrowing of ADB from a CNY10 end and raise complaints against merchant billion program approved by regulator National transactions. Association of Financial Market Institutional * The feature has gone live on the BHIM app by Investors in June 2020. NPCI for the customers of State Bank of India, AXIS • It will support ADB for its development project in Bank, HDFC Bank, and ICICI Bank. And soon it will china during its 5-year country partnership be extended to the customers of Paytm Payments strategy. Bank and TJSB Sahakari Bank as well.

23 www.gradeup.co 87. Ans. B. • Soon after Tesla’s announcement, the rate of * According to trade data released by Reuters, the bitcoin skyrocketed to an all-time high, breaching United States surpassed Saudi Arabia as India’s 2nd the $44,000-mark for the first time. Biggest Oil Supply in February 2021. Iraq continues • In its SEC filing, the company pointed out that last to be India’s Largest supplier despite a 23% decline month it updated its investment policy to be more in purchases to a five-month low of 867, 500 BPD flexible in further diversifying and maximising (Barrels Per Day). returns on its idle cash. * India’s imports from America increased to 48% to a record 545, 300 BPD in February, 2021 accounting 91. Ans. A. for 14% of India’s overall imports last month • The Mumbai-based diversified conglomerate, The * Saudi Arabia slipped to No.4 Position for the 1st Hiranandani Group, will set up a logistics and time since January 2006. Nigeria rose to 3rd hyperscale data centre park here in West Bengal at Position and UAE slipped to 5th Position. an expected investment of ₹10,000 crore. * Totally, India shipped 3.92 million BPD of Oil in • The group has signed an MoU to acquire a 100- February, 2021 (decline of 18% from January). acre land at Uttarpara. • Land will be acquired by Hiranandani Group 88. Ans. C. companies GreenBase and Yotta, respectively, • Reliance Jio has emerged the highest bidder in the from Hindustan Motors. 4G telecom spectrum auction beating incumbents Bharti Airtel and Vodafone Idea by a wide margin. 92. Ans. A. • The Centre would get Rs 77,815 crore from the • Adani Group has completed the purchase of 23.5 two-day auction — one of the shortest in a decade. per cent stake in Mumbai International Airport While the amount has exceeded the government (MIAL) from two South African entities, marking the expectation, the total mop-up is far below the Rs first step towards acquiring a majority control in 3.92 trillion worth of airwaves put up for sale. the country’s second-busiest airport. • Reliance Jio has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 93. Ans. D. 57,122.65 crore. Of the 855.6 megahertz of • Jeff Bezos, who founded Amazon as an online spectrum sold, Jio has got 488 megahertz. bookseller nearly three decades ago, will step down as the CEO of the USD 1.7 trillion global e- 89. Ans. A. commerce giant and will become the executive • The ECGC Limited (Formerly Export Credit chairman, a move he said would give him “time and Guarantee Corporation of India Ltd) is a company energy” to focus on his other ventures and wholly owned by the Government of India based in passions. Mumbai, Maharashtra. It provides export credit • Amazon.com was started as an online bookstore insurance support to Indian exporters and is by Jeff Bezos in 1994 from his garage, where he controlled by the Ministry of Commerce. along with a few employees started developing the software for the site. 90. Ans. D. • Electric car maker Tesla announced that it 94. Ans. B. invested $1.5 billion in bitcoin, making it the • As per Brand Finance Global 500 2021, the TATA biggest investment by a mainstream corporation retains title of India’s most valuable brand into the most popular cryptocurrency. consolidating its top 100 position, climbing 7 spots • In addition, the company also noted in a filing to 77th globally with a brand value of US$21.3 with the US Securities and Exchange Commission billion. (SEC) that going ahead, it plans to start accepting • As new technologies drive brand value across the digital currency as a payment option for its industries, Tesla leaves traditional auto marques products. behind with fastest brand value growth in ranking, up 158%.

24 www.gradeup.co 95. Ans. D. beds. It will also support staff training programmes • 10th Edition of Hurun Global Rich List 2021 has on infection prevention and control. been released that ranked 3228 billionaires from 2,402 companies and 68 countries 99. Ans. C. • Tesla chief Elon Musk bagged the top spot with • S&P Global Ratings has said that India will be one net worth $197 billion. of the fastest growing emerging market economies • Jeff Bezos ranked second with $189 billion net with a 10 per cent growth in the next fiscal. worth, followed by Bernard Arnault • S&P Director, Sovereign & International Public • Asia’s richest person and Reliance Industries Finance Ratings, Andrew Wood said this while chairman Mukesh Ambani is ranked 8th speaking in a webinar on India outlook for 2021. • Total wealth of all billionaires across the globe surged 32% ($3.5 trillion) in 2020. 100. Ans. D. • Markets regulator SEBI has barred Future Group 96. Ans. C. CEO Kishore Biyani and his brother Anil rom • NASSCOM is launching an ‘AI Gamechangers’ accessing securities market for a period of 1 year program to promote artificial intelligence (AI)-led due to alleged insider trading between March and innovation in the country. April 2017. • Microsoft is the innovation partner for the program, 101. Ans. C. • As part of the ‘AI for India’ mission, the program • China regained its position as India’s top trade seeks to recognize impactful and scalable AI-based partner in 2020, as New ’s reliance on innovation in the country. imported machines outweighed its efforts to curb • Nasscom and Microsoft will work closely to commerce with Beijing after a bloody border develop and promote the AI Gamechangers conflict. program, built on a shared commitment towards • Two-way trade between the longstanding accelerating the adoption of AI across key sectors. economic and strategic rivals stood at $77.7 billion • The program will recognize innovators for their last year, according to provisional data from India’s successful AI implementation at Nasscom’s commerce ministry. Xperience AI Summit, one of the largest AI summits • Although that was lower than the previous year’s in India. $85.5 billion total, it was enough to make China the largest commercial partner displacing the U.S. — 97. Ans. C. bilateral trade with whom came in at $75.9 billion • The Swedish automaker Volvo announced that it amid muted demand for goods in the middle of a will make only electric vehicles by 2030. pandemic. • The automaker phasing out the production of all cars with internal combustion engines — including 102. Ans. D. hybrids. • The state of Uttar Pradesh is all set to export a • Volvo’s announcement follows General Motors’ consignment of 20 tonnes of Kala Namak rice to pledge earlier this year to make only battery- Singapore. powered vehicles by 2035. • This move is a major boost to the farm exports from the state. 98. Ans. A. • ‘Kala Namak’ is one of the finest varieties of • The Asian Development Bank (ADB) will provide aromatic rice in India. ₹100 crore loan to hospital chain Medanta for • The consignment will be sent to Singapore from healthcare services and medical equipment to fight Siddharth Nagar by the end of March this year. the COVID-19 pandemic. • The export of the rice is being seen as a morale • The project will support the purchase of personal booster for farmers cultivating Buddha Rice in protective equipment, basic hygiene products, and Gorakhpur, Deoria, Kushinagar, Maharajganj, patient care equipment such as ventilators and Siddharth Nagar, Sant Kabeer Nagar, Bahraich,

25 www.gradeup.co Balrampur, Gonda, Shravasti, which according to • Nepal has decided to award the contract for the Geographical Indications (GI) share a similar construction of 679 megawatt Lower Arun climate. Hydropower Project to India's Satluj Jal Vidyut Nigam (SJVN). 103. Ans. A. • This was decided at a meeting of the Investment * Full form of OTT: Over-The-Top Board Nepal (IBN), chaired by Nepal Prime Minister * It refers to the delivery of content over the KP Sharma Oli. internet rather than through a traditional cable or • The project was awarded to the SJVN under the broadcast provider. Build, Own, Operate and Transfer (BOOT) delivery method. 104. Ans. A. • Similar to the Arun III hydel project, which will • Kerala Financial Corporation (KFC) announced provide 21 per cent free power to Nepal during the that it will introduce its own debit card. KFC concession period, the developer of the Lower becomes the 1st government financial institution in Arun hydel project should also prioritise providing Kerala to launch debit card. certain percent of power free of cost. • This 5 year Rupay platinum card will be co- • The developer will hand over the ownership of branded in association with public sector banks. the project to the government of Nepal after 20 • The card will be issued in accordance with the years of commercial operation. guidelines of Reserve Bank of India (RBI) • Introduction of Debit card is a step to facilitate 109. Ans. D. transition from currency transactions to a fully • In 2020-21, the Ministry of Defence has been digitalised system. allocated Rs 4,71,378 crore. 105. Ans. B. • This includes expenditure for salaries of armed forces and civilians, pensions, modernisation of 106. Ans. A. armed forces, production establishments, * Capital expenditures (CapEx) are funds used by maintenance and research and development a company to acquire, upgrade, and maintain organisations. physical assets such as property, plants, buildings, technology, or equipment. CapEx is often used to 110. Ans. A. undertake new projects or investments by a • IDBI Bank said that the insurance behemoth LIC company. has completed acquisition of 51 per cent controlling stake in the bank, making it the lender's 107. Ans. B. majority shareholder. * India and its biggest LNG supplier Qatar agreed to • Of the 21 state-owned banks, 11 are under the set up a task force to identify projects in India for PCA framework. These are Allahabad Bank, United investment by the gas-rich Gulf nation. Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, , , Oriental Bank of Commerce, and Bank of Maharashtra. 108. Ans. B.

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