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Current Affairs MCQs of 12th April 2021

Q.1 Which Fintech company has launched ‘Distributor to Retailer (D2R) Finance’?
a. PhonePe
b. BharatPe
c. G-Pay
d. Mi-Pay
Q.2 As per the recent report of the IUCN, what is the status of the smaller, lighter African forest elephant?
a. Near Threatened
b. Vulnerable
c. Endangered
d. Critically Endangered
Q.3 Who has been appointed as the CEO of Unique Identification Authority of India (UIDAI).?
a. Rajeev Kumar
b. Rajeev Sinha
c. Sanjay Agarwal
d. Saurabh Garg
Q.4 Who is the Principal Scientific Advisor (PSA) of India, whose term has been extended?
a. B P Kanungo
b. K Vijay Raghavan
c. N S Viswanathan
d. R Gandhi
Q.5 Eastern Economic Forum, sometimes seen in news is the initiative of
a. China
b. Japan
c. Russia
d. South Korea
Q.6 Faith for rights (F4R) movement, recently seen in news is associated with
a. Association for Democratic Reforms (ADR)
b. United Nations
c. World Economic Forum (WEF)
d. Oxfam International
Q.7 What is the trigger amount set by the government for the new Pre-Packs scheme of MSMEs?
a. Rs 15 lakh
b. Rs 10 lakh
c. Rs 25 lakh
d. Rs 20 lakh
Q.8 Which country hosted the BRICS Finance Ministers Meeting 2021?
a. India
b. Russia
c. China
d. South Africa
Q.9 Recently RBI extended which facilities to non bank payment system operators?
d. Both a and b
Q.10 Which payments bank launched Rewards123 Savings account facility?
a. Airtel Payments Bank
b. Fino Payments Bank
c. Paytm Payment Bank
d. Idea Payment Bank
Answers –
Q.1 b) Leading Fintech company BharatPe has recently launched a new lending product named Distributor to Retailer (D2R) Finance.The product would offer instant liquidity to distributors, wholesalers, traders and dealers. This specialised product would focus on small and medium enterprises. It would offer collateral-free loans of up to Rs 50 lakh for a period of seven days to 30 days, at lower interest rates.
Q.2 d)
Q.3 d)
Q.4 b)
Q.5 c) Eastern Economic Forum is an international forum held each year in Vladivostok, Russia, for the purpose of encouraging foreign investment in the Russian Far East.
Q.6 b) Faith for Rights, a UN-led movement which campaigns against incitement to national, racial or religious hatred, and exposes legislative patterns, judicial practices and government policies that undercut peaceful coexistence of different faiths.
Q.7 b) The Central government has set a payment default of Rs 10 lakh as the trigger for bankruptcy proceedings of small businesses under the new simplified scheme called pre-packs.
Q.8 a) Finance minister Nirmala Sitharaman emphasised the key role the BRICS group was playing in responding to the current global crisis through policy support and by enhancing international policy coordination.
Q.9 d) Reserve Bank of India (RBI) extended the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) facilities to non-bank payment system operators.
Q.10 a) Airtel Payments Bank announced its new savings account ”Rewards123” that offers benefits and value to customers when they transact digitally using the bank account.

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