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Important Current Affairs Quiz for Bank Mains Exams 2021- 26th July

Q1. Which company has acquired around 64% stake in Supermarket Grocery Supplies that owns Big Basket?
(a) Reliance Retail
(b) Tata Digital
(c) Patanjali
(d) Hindustan Unilever
(e) None of these

Q2. Which of the Indian renewable energy company, would buy Soft-Bank Group Corp-backed SB Energy Holdings Limited for an enterprise value of $3.5 billion?
(a) Tata Power
(b) GE renewable & power
(c) Adani Green Energy Ltd
(d) Torrent Power co.ltd.
(e) None of these

Q3. LIC-controlled IDBI Bank turned profitable in the fiscal ended in March 2021 after five years, posting a net profit of Rs 1,359 crore for the year. Where is the headquarter of IDBI?
(a) Mumbai
(b) New Delhi
(c) Mangalore
(d) Kolkata
(e) None of these

Q4. Alphabet Inc’s Google has launched international money transfer partnerships with remittances firms Wise and Western Union Co for users of its U.S. payments app. Google Pay users in the United States can now transfer money to app customers in which of the two countries?
(a) Sri-Lanka and India
(b) Canada and India
(c) Indian and China
(d) India and Singapore
(e)None of these

Q5. The National Payments Corp. of India (NPCI) has partnered with Turkey’s global payment solutions company __________as one of the certified partners for RuPay SoftPOS.
(a) PaySure
(b) PayCore
(c) PayForU
(d) PayPos
(e) None of the above

Q6. Name the banking technology startup which has raised $250 million from Japanese investment major SoftBank at a valuation of $1.45 billion.
(a) Bancore
(b) BanZeta
(c) Zeta
(d) BZeta
(e) None of the above

Q7. India’s GDP is likely to have grown at 1.3% in the fourth quarter of 2020-21 and may have contracted by about 7.3% for the full financial year, according to a research report ‘Ecowrap’. Which of the following organisation released the research report ‘Ecowrap’?
(a) World Bank
(b) Barclays India
(c) Moody’s
(d) State Bank of India
(e) None of these

Q8. Gross revenues from the Goods and Services Tax hit a record high of ________lakh crore in April 2021?
(a) ₹1.21
(b) ₹1.31
(c) ₹1.41
(d) ₹1.51
(e)None of these

Q9. The Department for Promotion of Industry and Internal Trade recently released Wholesale Price in India for the month of April 2021. What is the annual rate of inflation for the month of April 2021?
(a) 10.49%
(b) 11.48%
(c) 12.32%
(d) 11.38
(e) None of these

Q10. Which company is going to join the likes of Paytm and Amazon in the prepaid payment segment with the Reserve Bank of India (RBI) approving the non-bank lender’s foray with perpetual validity?
(a) Mannapuram Finance
(b) Capital First
(c) HDFC Card
(d) Bajaj Finance
(e) None of the above

Solutions

S1.Ans(b)
Sol. Tata Digital has acquired a majority stake in online grocery BigBasket, a deal that pits the country’s largest conglomerate against entrenched e-commerce players.

S2.Ans(c)
Sol. Indian renewable energy company, Adani Green Energy Ltd (ADNA.NS) would buy SoftBank Group Corp-backed (9984.T) SB Energy Holdings Limited for an enterprise value of $3.5 billion.

S3.Ans(a)
Sol. LIC-controlled IDBI Bank turned profitable in the fiscal ended in March 2021 after five years. IDBI HQ- Mumbai.

S4.Ans(d)
Sol. Alphabet Inc’s Google has launched international money transfer partnerships with remittances firms Wise and Western Union Co for users of its U.S. payments app. Google Pay users in the United States can now transfer money to app customers in India and Singapore.

S5.Ans(b)
Sol. The National Payments Corp. of India (NPCI) has partnered with Turkey’s global payment solutions company PayCore as one of the certified partners for RuPay SoftPOS to drive cashless payments across the country.

S6.Ans(c)
Sol. Banking technology startup, Zeta has raised $250 million from Japanese investment major SoftBank at a valuation of $1.45 billion. Zeta has become the 14th Indian startup to cross the valuation of $1 billion in 2021.

S7.Ans(d)
Sol. SBI releases its research report ‘Ecowrap’.

S8.Ans(c)
Sol. Gross revenues from the Goods and Services Tax hit a record high of ₹1.41 lakh crore in April 2021 in India.

S9.Ans(a)
Sol. The Department for Promotion of Industry and Internal Trade recently released Wholesale Price in India for the month of April 2021. The annual rate of inflation for the month of April 2021 was 10.49%.

S10.Ans(d)
Sol. Bajaj Finance is all set to join the likes of Paytm and Amazon in the prepaid payment segment with the Reserve Bank of India (RBI) approving the nonbank lender’s foray with perpetual validity.

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