Q1. Malaviya Mission is associated with the:
(a) Teachers Training
(b) Police Training
(c) Research and Development
(d) Water Research
Ans: (a)
Explanation:
- Context: The Union Ministry for Education and Skill Development & Entrepreneurship launched the Malaviya Mission – Teachers Training Programme (under the University Grants Commission (UGC))
- It is proposed by restructuring existing schemes of capacity building of teachers under the Department of Higher Education.
Q2. Consider the following statements:
- Bharat Interface for Money (BHIM) is a payments application and wallet, which allows users to make instant bank transfers.
- National Payments Corporation of India (NPCI) charges users for transacting on BHIM.
- BHIM features can be availed without the internet on any mobile phone.
Which of the given above statements is/are not correct?
(a) 1 and 2 only
(b) 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Ans: (a)
Explanation:
- S1: BHIM is not a wallet. It is a payments application which allows users to make instant bank transfers.
- S2: NPCI does not charge any user for transacting on BHIM. Kindly get in touch with your bank to ask for their charges
- S3: Dial *99# to avail features of BHIM without internet on any mobile phone.
Q3. Which one of the following links all the ATMs in India?
(a) Indian Banks’ Association
(b) National Securities Depository Limit
(c) National Payments Corporation of India
(d) Reserve Bank of lndia
Ans: (c)
Explanation:
- National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India. It was designed, developed and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking.
- National Financial Switch (NFS) ATM network having 3.7 members and connecting about 50,000 ATMs was taken over by NPCI from Institute for Development and Research in Banking Technology (IDRBT) on December 14, 2009.
Q4. Consider the following countries:
- Gabon
- Republic of the Congo
- Democratic Republic of the Congo
- Uganda
- Kenya
- Somalia
How many of the nations above are traversed by the equator?
(a) Only two
(b) Only four
(c) Only five
(d) All six
Ans: (d)
Explanation:
- The Equator passes through 13 countries: Ecuador, Colombia, Brazil, Sao Tome & Principe, Gabon, Republic of the Congo, Democratic Republic of the Congo, Uganda, Kenya, Somalia, Maldives, Indonesia and Kiribati.
Q5. Which one of the following statements correctly describes the meaning of legal tender money?
(a) The money which is tendered in courts of law to defray the fee of legal cases
(b) The money which a creditor is under compulsion to accept in settlement of his claims
(c) The bank money in the form of cheques, drafts, bills of exchange, etc.
(d) The metallic money in circulation in a country
Ans: (b)
Explanation:
- Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation. The national currency is legal tender in practically every country. A creditor is obligated to accept legal tender toward repayment of a debt.
- Option C: Checques are not legal tenders since they can be refused as a mode of payment settlement by a party.
