IMPORTANT MCQ SESSION!

2021 BUSINESS AWARENESS-7

TISS-MAT, JBIMS MHRD, XAT, TISS-NET, CMAT, SSC, IIFT, BANKS

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Which of the following companies launched ‘Postpaid Mini’ - small ticket instant

loans to its users?

A. PhonePe

B. Amazon Pay

C. GPay

D. Paytm

Points to Know (PTN):

With the launch of Postpaid Mini, the company will offer access to loans ranging

from ₹250 to ₹1000. This will help users pay for their monthly expenses, including

mobile & DTH recharges, gas cylinder booking, electricity & water bills, etc.

Which of the following payment gateway service provider partnered with

Mastercard to launch ‘MandateHQ’ - a payment interface that will help card-issuing

banks to enable recurring payments for its customers?

A. PayU

B. JusPay

C. Razorpay

D. None of these

PTN:

In addition to the Mastercard partnership, Razorpay has also collaborated with three

banks and is in talks with over 20 banks to help integrate this technology into their

existing payment infrastructure in the next few weeks.

Recently, the Intellectual Property Appellate Board of which country accorded

trademark status to India’s homegrown dairy giant Amul?

A. USA

B. UK

C. Mexico

D. Canada

PTN:

Amul will also be awarded damages to the tune of Canadian dollar (CAD) 32,733

after it won a trademark violation case filed in the Federal Court of Canada against

Amul Canada - the group had blatantly copied the trademark ‘Amul’ and the logo of

‘Amul-The Taste of India.

Which of these social media giants has recently appointed Vinay Prakash as the new

Resident Grievance officer?

A. Facebook

B. Twitter

C. Instagram

D. Koo

PTN:

After months of back and forth, Twitter has finally appointed an India-based

grievance officer, which is mandatory for all social media companies under the new

Information Technology (IT) Rules of the country.

Axis Bank has partnered with which of the following cloud service providers for its

digital transformation?

A. Amazon Web Services

B. Azure

C. Google Cloud Platform

D. None of these

PTN:

Axis Bank, India’s third-largest private bank, will be using AWS services, including

cloud containers, database, and compute to improve its services and unveil new

digital financial services.

Which of these banks was imposed a penalty of Rs. 25 lakhs for non-compliance to

RBI’s Cyber security framework?

A. IndusInd Bank

B. Union Bank of India

C. ICICI Bank

D. Punjab & Sind Bank

PTN:

After considering the bank’s reply to the show-cause notice, oral submissions made

during the personal hearing and examination of further clarifications/documents

furnished by the bank, RBI came to the conclusion that to the extent the charges of

non-compliance with RBI directions were substantiated.

Name the digital payment service provider that partnered with Flipkart to launch a

contactless ‘Scan and Pay’ feature for Flipkart’s Cash-on-delivery orders?

A. Paytm

B. Amazon Pay

C. BHIM

D. PhonePe

PTN:

Using PhonePe’s QR code solution, the Flipkart customers who earlier opted for

cash on delivery can pay digitally through any UPI app at the time of delivery.

Which of the following aviation company was recently named the 2021 Airline of

the Year?

A. Vistara

B. Qatar Airways

C. Korean Air

D. Qantas

PTN:

Reason: Korean Air’s excellent leadership, its ability to remain operationally

profitable every quarter in 2020 through the industry’s worst-ever crisis, a strong

commitment to health safety, the environment and community support endeavors.

Which of the following banks launched “Salaam-Dil-Sey” initiative to show gratitude

to doctors for their significant service during the pandemic?

A. HDFC Bank

B. ICICI Bank

C. Axis Bank

D. SBI

PTN:

As part of this initiative, the bank has created a web platform www.salaamdilsey.com

wherein the general public can log in to the microsite and share the thank you

message for doctors which can be immediately shared via e-mail, social media, and

WhatsApp.

Which IT company partnered with ‘StaTwig’ to implement the global vaccine tracker

platform “VaccineLedger”?

A. Infosys

B. Google India

C. Mphasis

D. Tech Mahindra

PTN:

The partnership aims to roll-out blockchain-based traceability solution for global

vaccine supply chain transparency, predict and prevent failures in supply chains,

including problems related to expired vaccines, stock out and counterfeiting.

Name the bank that signed an MoU with the Indian Army offering a defense service

salary package under its 'Power Salute' initiative?

A. ICICI Bank

B. Bank of Baroda

C. Axis Bank

D. Union Bank of India

PTN:

Through this exclusive Defense service salary package, Axis Bank will offer

numerous benefits to all ranks of army officers like Personal Accidental cover of up

to Rs. 56 lakhs to all army personnel, Additional up to 08 Lakhs Education Grant,

Total Permanent Disability Cover benefit up to Rs. 46 Lakhs etc.

Which company was appointed by Coal India Ltd as a consultant to digitize three of

its subsidiaries?

A. Infosys

B. Accenture

C. TCS

D. Tech Mahindra

PTN:

Coal India Ltd(CIL), appointed Accenture as a consultant to enhance their

performance through digitization of 3 mines of South Eastern Coalfields

Limited(SECL) and 4 mines of Northern Coalfields Limited(NCL), subsidiaries of

CIL.

National Skill Development Corporation (NSDC) has collaborated with which of

these companies for digital upskilling of Indian workforce?

A. Cisco

B. Microsoft

C. Infosys

D. Google

PTN:

The partnership will offer access to the Cisco Networking Academy courses

through NSDC’s eSkill India platform, to provide comprehensive digital skills critical

for the digital-first world.

Which of these tech giants has partnered with Bangalore International Airport

Limited (BIAL) to transform travel experience through “Airport in a Box” platform?

A. Microsoft

B. Google

C. IBM

D. Capgemini

PTN:

It will be a 10 year partnership to create a new “Airport in a Box” platform that will

support transforming the end-to-end travel experience for passengers at BLR

Airport.

Name the PSU bank (PSB) which topped the list of PSBs writing off NPAs in

FY2021?

A. State Bank of India

B. Bank of Baroda

C. Union Bank of India

D. Apex Bank

PTN:

A loan write-off is a tool used by banks to clean up their bad loans (NPAs) from

their balance-sheets. Even after written-off loans, the borrowers are liable for

repayment (no waiver), hence the write-off does not benefit the borrower. It will

benefit the banks by means of a clean balance-sheet.

Which country is building World’s first waterless nuclear reactor using thorium?

A. Japan

B. USA

C. India

D. China

PTN:

The molten-salt nuclear reactor, which runs on liquid thorium rather than uranium,

is expected to be safer than traditional reactors because the molten salt cools and

solidifies quickly when exposed to the air, insulating the thorium, so that any

potential leak would spill much less radiation into the surrounding environment

compared with leaks from traditional reactors.

Which of the following companies will set up India’s first green hydrogen fueling

station in Ladakh?

A. NTPC

B. BHEL

C. ONGC

D. IOCL

PTN:

National Thermal Power Corporation Renewable Energy Ltd (NTPC REL), NTPC's

wholly owned subsidiary has invited a domestic tender to set up India's first green

hydrogen fuelling station in Leh, Ladakh.

Assignment!

1. Which company became the 1st to partner with Google Pay for digital lending to

Small and medium-sized enterprises (SMEs)?

2. Which insurance company partnered with SVAAS Wellness to launch a 1st of its

kind cashless outpatient health insurance policy?

3. Which bank partnered with LIC Cards Services to launch 2 Credit Cards –

‘Lumine’ Platinum Credit Card & ‘Eclat’ Select Credit Card?

👍 🌏 📌

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