General Awareness Quiz for Bank Mains Exams 2023 -21th May

Q1. The London Stock Exchange Group (LSEG) has announced its plan to set up a technology centre of excellence in India which is expected to create about 1,000 jobs a year and boost the Banking, Financial Services, and Insurance (BFSI) sector. In which of the following Indian city technology centre of excellence will be set up?
(a) Noida
(b) Hyderabad
(c) Kolkata
(d) Gandhinagar
(e) None of the above

Q2. With which country India has agreed to explore the possibility of accepting each other’s payment cards, RuPay and Mir, for hassle-free payments between the two countries?
(a) Russia
(b) Singapore
(c) South Africa
(d) Canada
(e) None of the above

Q3. Which of the following one has reportedly taken over from BharatPe as the global sponsor of the International Cricket Council (ICC), a multinational financial services corporation based in the United States?
(a) Paytm
(b) Byju’s
(c) Mastercard
(d) Oppo
(e) None of the above

Q4. The Pension Fund Regulatory and Development Authority (PFRDA) has extended the deadline for linking Permanent Account Number (PAN) with Aadhaar to __________.
(a) 30 December 2023
(b) 30 June 2023
(c) 1 October 2023
(d) 1 April 2024
(e) None of the above

Q5. The National Payments Corporation of India’s “UPI Monthly Product Statistics” reported a decline in the volume and value of UPI transactions in April 2023, following a peak in the previous month. In which year NPCI was incorporated?
(a) 2016
(b) 2004
(c) 2008
(d) 2012
(e) None of the above

Q6. Which tech giant company has announced two new initiatives aimed at supporting India small and medium-sized businesses (SMBs) in their digital transformation journey?
(a) Google
(b) Infosys
(c) HCL Technologies
(d) Microsoft
(e) None of the above

Q7. With an estimated cost of Rs 500 crore, Hindustan Petroleum Corporation Limited (HPCL) has committed to setting up a state-of-the-art ethanol plant in which Indian state?
(a) Assam
(b) West Bengal
(c) Gujarat
(d) Himachal Pradesh
(e) None of the above

Q8. Food and grocery delivery company Zomato has announced its partnership with which bank to introduce its own unified payments interface (UPI) offering called Zomato UPI?
(a) ICICI Bank
(b) HDFC Bank
(c) Bank of Baroda
(d) Indian Bank
(e) None of the above

Q9. Which payments bank has collaborated with the National Payments Corporation of India (NPCI) to introduce face authentication for the Aadhaar-enabled Payment System (AePS) recently?
(a) Jio Payments Bank
(b) Airtel Payments Bank
(c) Post Payments Bank
(d) Fino Payments Bank
(e) None of the above

Q10. Amazon Web Services (AWS) has revealed plans to invest $12.7 billion into cloud infrastructure in India by which year, aiming to meet the increasing demand for cloud services in the country?
(a) 2035
(b) 2030
(c) 2040
(d) 2025
(e) None of the above

Solutions

S1. Ans(b)
Sol. The London Stock Exchange Group (LSEG) has announced its plan to set up a technology centre of excellence in Hyderabad, India. This move is expected to create about 1,000 jobs a year and boost the Banking, Financial Services, and Insurance (BFSI) sector in the city.

The announcement was made after Telangana IT and Industries Minister KT Rama Rao’s meeting with LSEG Group CIO Anthony McCarthy in London.

S2. Ans (a)
Sol. India and Russia have agreed to explore the possibility of accepting each other’s payment cards, RuPay and Mir, for hassle-free payments between the two countries.

The decision was made during the latest meeting of the Internal Governmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC), which was jointly chaired by External Affairs Minister of India S Jaishankar and Russia’s Deputy Prime Minister Denis Manturov.

S3. Ans(c)
Sol. Mastercard has reportedly taken over from BharatPe as the global sponsor of the International Cricket Council (ICC), a multinational financial services corporation based in the United States.

Over the past year, Mastercard has been actively seeking to secure lucrative sponsorship deals and has already secured the title sponsorship rights for the Board of Control for Cricket in India (BCCI) international and domestic home fixtures from Paytm.

S4.Ans (b)
Sol. The Pension Fund Regulatory and Development Authority (PFRDA) has extended the deadline for linking Permanent Account Number (PAN) with Aadhaar to 30 June 2023. The Central Board of Direct Taxes (CBDT) has also extended the date for PAN-Aadhaar linking till this date.
S5. Ans(c)
Sol. NPCI was incorporated in 2008.

The National Payments Corporation of India’s “UPI Monthly Product Statistics” reported a decline in the volume and value of UPI transactions in April 2023, following a peak in the previous month.

S6. Ans(d)
Sol. Microsoft India has announced two new initiatives aimed at supporting small and medium-sized businesses (SMBs) in their digital transformation journey.

The tech giant has launched a dedicated helpline and a comprehensive website, specifically designed to help Indian SMBs address their business challenges, improve operations, increase efficiency, and drive growth.

S7. Ans(d)
Sol. Chief Minister of Himachal Pradesh, Sukhvinder Singh Sukhu announced that Hindustan Petroleum Corporation Limited (HPCL) has committed to setting up a state-of-the-art ethanol plant in Jeetpur Baheri, Una district. With an estimated cost of Rs 500 crore, this project aims to bolster the production of ethanol in the region and create numerous employment opportunities for local communities.
S8. Ans(a)
Sol. Food and grocery delivery company Zomato has announced its partnership with ICICI Bank to introduce its own unified payments interface (UPI) offering called Zomato UPI.
With this new feature, Zomato aims to enhance the payment experience for its users by allowing them to complete orders and make payments seamlessly within the Zomato app, without the need to switch to a separate payment app.
S9. Ans(b)
Sol. Airtel Payments Bank has collaborated with the National Payments Corporation of India (NPCI) to introduce face authentication for the Aadhaar-enabled Payment System (AePS) at its five lakh banking points.

The move comes as one of the first initiatives of its kind in India, where four banks have partnered with NPCI to offer face authentication for AePS.

S10. Ans(b)
Sol. Amazon Web Services (AWS) has revealed plans to invest $12.7 billion into cloud infrastructure in India by 2030, aiming to meet the increasing demand for cloud services in the country.
With this latest commitment, AWS’s total investment in India will reach $16.4 billion by 2030. The company is focused on fostering positive social and economic impact in India, as demonstrated by its efforts in digital skills training and renewable energy projects.