Current GKGeneral Awareness State Level Railways SSC

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Question1) 1.What is the limit of turnover, above which companies are mandated to submit E-invoicing?


[A] Rs 50 crore

[B] Rs 100 crore

[C] Rs 200 crore

[D] Rs 500 crore✅✅



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: D [Rs 500 crore]


Notes:

Large companies with turnover of over Rs 500 crore are mandated to submit sales invoices electronically.

This has been notified by the Government under the Goods and Services tax (GST) regime. As per the notification released, Units in special economic zones have been exempt from complying with e-invoicing. Earlier, the limit of turnover was Rs 100 crore.



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Question2) 2.Which Indian bank is set to launch an Artificial-Intelligence powered multilingual voice bot ‘AXAA’?


[A] HDFC Bank

[B] ICICI Bank

[C] Yes Bank

[D] Axis Bank✅✅



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: D [Axis Bank]


Notes:

India’s leading private sector bank Axis Bank is set to launch a an Artificial-Intelligence powered multilingual voice bot ‘AXAA’.

The bank has entered into a partnership with a Bengaluru start-up Vernacular.ai in this regard. The partnership aims to optimise AI-based voice solutions and automate customer interactions through human-like dialogues.



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Question3) 3.Which international financial organization has approved USD 1 billion loan for Delhi-Meerut regional rapid transit system?


[A] Asian Development Bank✅✅

[B] New Development Bank

[C] International Monetary Fund

[D] Asian Infrastructure Investment Bank



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: A [Asian Development Bank]


Notes:

USD 1 billion (equivalent to Rs 7,485 crore) financial support by way of loan has been approved by the Manila based-Asian Development Bank (ADB) for Delhi-Meerut regional rapid transit system.

The project is first of the three priority rail corridors in country. The financial assistance from ADB will be used for construction of railway tracks, station buildings, maintenance facilities and power supply



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Question4) Train the Trainer’ program, that was seen in in news recently, is associated with which technology company?


[A] Google

[B] Microsoft✅✅

[C] Amazon

[D] IBM



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [Microsoft]


Notes:

Technology major Microsoft has launched a new program to teach quantum computing skills to train around 900 faculty from across the country.

As a part of this initiative, Microsoft is organizing a ‘Train the Trainer’ program in association with Electronics and ICT Academies at Malaviya National Institute of Technology (MNIT), Jaipur and National Institute of Technology, Patna.



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Question5) 5.Which financial institution has introduced “Structured Finance and Partial Guarantee Programme” to NBFC-MFIs?


[A] State Bank of India

[B] NABARD✅✅

[C] RBI

[D] New Development Bank



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [NABARD]


Notes:

The National Bank for Agriculture and Rural Development (NABARD) has introduced a product Structured Finance and Partial Guarantee Programme to NBFC-MFIs.

This is intended to promote unhindered flow of credit in rural areas, which has been affected by COVID 19 pandemic. The product provides partial credit guarantee on pooled loans extended to small and mid-sized micro finance institutions (MFIs).



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Question6) 6.What would be the growth rate of India in 2020-21, as projected by the Reserve Bank of India in its annual report?


[A] 0.5%

[B] – 1.5 %

[C] – 4.5 %✅✅

[D] – 7.0 %



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: C [- 4.5 %]


Notes:

The Reserve Bank of India (RBI) has recently released its annual report 2019-20, in which it has estimated that India would have a negative growth of (-) 4.5 % for the year 2020-21.

The central bank has also projected the global growth rate between (-) 6.0 per cent and (-) 7.6 per cent. It also said that the supply of banknotes during 2019-20 was also lower by 23.3 % than that of the previous year.



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Question7) 7.Which organization has constituted a 6-member panel for index linked insurance products?


[A] RBI

[B] NICL

[C] IRDAI✅✅

[D] LIC



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: C [IRDAI]


Notes:

Insurance Regulatory Development Authority of India (IRDAI) has constituted a 6-member panel to examine feasibility of permitting life insurance companies to offer index linked insurance products.

The panel would be headed by the appointed actuary of LIC, Dinesh Pant. Presently Life Insurance companies are offering two types of products namely Unit linked insurance plans and traditional plans.



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Question8) 8.Which Technology company is set to acquire US-based product design firm, Kaleidoscope Innovation?


[A] Infosys✅✅

[B] Amazon

[C] Accenture

[D] Tata Consultancy Services



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: A [Infosys]