Question 1

BNP Paribas Cardif has sold 5 crore shares of which life insurance company for Rs 2,889 crore?

Accepted Answer

The foreign partner of SBI Life Insurance, BNP Paribas Cardif has sold 5 crore shares of the company for Rs 2,889 crore to increase its public shareholding to 25% of its paid-up equity share capital on or before October 2, 2020. This sale has not undertaken as per the methods prescribed by SEBI for achieving the minimum public shareholding (MPS) Threshold.The average price of equity share during the sale was Rs 577.93 per equity share.On the other hand, Canada Pension Plan Investment Board has bought 2 crore shares at an average price of Rs 577.50 per shares.

Question 2

Who launched UPI Bahi Khata for merchants for seamless networking and business expansion?

Accepted Answer

India's first Fintech (Financial technology) start-up enabling payments via interoperable UPI(Unified Payments Interface) QR (Quick Response) codes, BharatPe notified its venture into merchant services by launching a new app UPI Bahi Khata that allows merchants to keep a track of their cash/credit (Udhar) sales customer wise, to request the accounts receivable from customers through SMS (Short Message Service) payment links or through WhatsApp and to record accounts that are payable to suppliers. The newly launched app also helps the merchants to network and collaborate with other BharatQR merchants near them to expand their businesses. The major features on BharatPe app for merchants are: UPI Khata (Ledger), Managing Supplier Bills, Cashback, Settlements and Refer and Earn.

Question 3

Who acquired secondhand Goods Marketplace Zefo?

Accepted Answer

Quikr has acquired Bengaluru-based secondhand goods marketplace Zefo, for INR 200 Crore to strengthen the sales of its pre-owned goods business. With this pre-owned product's market in India will reach USD 12-15 billion in the year 2020. Normally a pre-owned product's price can be as low as 30-60 percent of a new one. Zefo is an online marketplace for selling refurbished TVs, mobile phones and furniture.

Question 4

Name the education technology startup which won the Next Billion Edtech Prize.

Accepted Answer

India's education technology startup 'Dost Education' has bagged a $25,000 Next Billion Edtech Prize 2019. Two other startups, Ubongo (Tanzania) and PraxiLabs (Egypt), also won the award. Dost Education was awarded for its ability to empower parents to take charge of their child's early education by creating short, friendly audio content that is sent to them via their mobile phones. Because of this app low-income families need no longer send their children to primary school behind and without a chance to catch up.

Question 5

Which airways signed MoU share partnership with Gulf carrier Emirates?

Accepted Answer

Budget carrier Spicejet announced the signing of an initial pact for code share partnership with Gulf carrier Emirates on 22 April 2019. The partnership will allow the opening of new routes and destinations for passengers of the two airlines. Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence.

Question 6

Name the software company which becomes World's Third Company with the one trillion dollars.

Accepted Answer

Microsoft has reached a valuation of one trillion dollars for the first time after posting an increase in profits. It makes the software giant only the third publicly-traded company in history to reach the threshold after Apple and Amazon passed it in 2018. Microsoft's current valuation also means that it has again taken over Apple as the world's most valuable company.

Question 7

Who has signed an MoU with Petroleum Conservation Research Association to aid conservation of resources?

Accepted Answer

Tractor-manufacturer Tractors and Farm Equipment (TAFE) Ltd has signed an MoU with Petroleum Conservation Research Association (PCRA) to aid conservation of resources. Under the MoU, the association plans to jointly conduct agricultural workshops by involving TAFE's dealership network. The workshop would help spread awareness on the advantages of better maintenance and upkeep of the tractors, resulting in lesser fuel consumption and maximising productivity, among others.

Question 8

Which Automotive company has developed the 'largest power storage system in Asia' installed in Osaka train station in Japan?

Accepted Answer

Tesla has developed its 'largest power storage system in Asia' at Osaka train station in Japan to reduce energy demand and provide emergency backup power to trains in Japan. It was Launched in partnership with Kintetsu, a railway operator in Japan's Osaka. Tesla has installed 42 Powerpacks units at Osaka train station in Japan which will provide enough amount of energy to safely move a train and its passengers for up to 30 minutes to the nearest station if any power failure happens. This 7 megawatt-hours (MWh) system is not only the largest energy storage project in Asia, but also the fourth largest in the greater Asia-Pacific (APAC) region.

Question 9

Name the digital payments platform, that became the first company to launch a special keyboard that will allow users to do transactions easily and securely using Android Mobile Phone.

Accepted Answer

Flipkart-owned PhonePe, digital payments platform having over 150 million users in India is the first company to launch a special keyboard that will allow users to do transactions easily and securely while using their Android phone. The transactions include sending and requesting money, checking account balance and inviting friends and family to explore the PhonePe platform and use cases on any phone where a keyboard is required. PhonePe's keyboard aids in money transfer as well as offers the full functionality of a keyboard. The PhonePe's keyboard can be set up in 3 steps: Open the profile section on the PhonePe app and navigate to the User profile menu. User Profile menu lies in the top left corner of the PhonePe app. The user needs to scroll down to find a new option named 'Setup PhonePe Keyboard'. click on 'Setup PhonePe Keyboard', then select and enable the PhonePe keyboard. the user then needs to click on the PhonePe logo displayed on the keyboard to begin the transactions.

Question 10

Name the world's largest oil company who talks to buy 25 percent stake in Reliance Industries' oil refineries and petrochemical complex.

Accepted Answer

Saudi Aramco, a Saudi Arabian national petroleum and natural gas company, is in talks to acquire 25 percent stake in Reliance Industries' refining and petrochemicals businesses. However, both Aramco and Reliance declined to comment on the issue. Saudi Aramco also looks forward to invest in "West Coast Refinery and Petrochemical Project", India's largest oil refinery on the west coast in Maharashtra. The refinery project will be developed by three domestic oil marketing companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum. The project is estimated to cost USD 44 billion.

Question 11

Who launched a cyber defence insurance to protect businesses from financial and reputational losses due to cyber attacks?

Accepted Answer

SBI General Insurance launched its new product - cyber defence insurance to protect businesses from financial and reputational losses due to cyber attacks. The main focus on SMEs and mid-market businesses to larger businesses. This offers protection against the growing threat of cyber breaches like hacking attacks, identity theft, disclosure of sensitive information and business interruption. It provides IT forensic investigations, legal advice, reputational and PR management.

Question 12

Who has inked an MoU with the IIT Delhi to collaborate in the field of standardisation and conformity assessment?

Accepted Answer

The Bureau of Indian Standards (BIS) has inked an MoU with the Indian Institute of Technology, Delhi (IIT-D) to collaborate in the field of standardisation and conformity assessment. The MoU was signed by IIT Delhi Director Professor V Ramgopal Rao and Director General of BIS Surina Rajan. According to the MoU, IIT Delhi will provide infrastructure support for research and development projects of relevance to standardisation and BIS will provide financial support to IIT Delhi for projects.

Question 13

Who gets an approval from the Securities and Exchange Board of India (SEBI) for Stock Broking?

Accepted Answer

One97 Communications-owned Paytm Money, the wealth management arm of Paytm got approval from the Securities and Exchange Board of India (SEBI) to start offering a stock broking service such as the ability to trade in equities and cash segments, derivatives, and exchange-traded funds (ETFs) among other exchange-traded products.

Question 14

Which has became India's first retail company to cross Rs.1 lakh crore annual revenue milestones?

Accepted Answer

The retail arm of the Mukesh Ambani-led Reliance Industries became India's first retail company to cross the Rs.1 lakh crore annual revenue.The revenue for 2018-19 is Rs. 1.3 lakh crore, which is 89% more from the previous fiscal.The company added 2,829 stores during the financial year, taking the total to 10,415 stores and the profit of pre-tax business jumped 77.1 percent to record Rs 1,923 crore.

Question 15

Name the company which will commemorate the 6th day of each month as 'Protection Day'.

Accepted Answer

Max Life Insurance Co Ltd has notified that it will commemorate the 6th day of each month as 'Protection Day'. The main objective of this initiative was to raise awareness on financial protection. The decision came with the Company's launch of Max Life India Protection Quotient survey conducted in collaboration with Kantar IMRB. It denoted that the extent to which the Indians feel protected from financial uncertainties is extremely low, and that level was as 35.

Question 16

Who launched 'Bharat fibre' for high speed broadband Internet service with local channel partner in Pulwama?

Accepted Answer

'Bharat Fibre', the state-owned telecom firm, BSNL (Bharat Sanchar Nigam Limited) became the 1st operator to start optical fibre-based high-speed broadband service in Pulwama. The Bharat Fibre services with reliable and high-speed internet are provided on the optical fibre by FTTH (fibre-to-the-home) service up to the customer premises. The service was launched by BSNL Chief General Manager of Jammu and Kashmir Circle, Rana Ashok Kumar Singh, in the presence of Srinagar General Manager Telecom District Zafar Iqbal and BSNL's channel partner, Mir Nazir. The Internet services generally remain unaffected even during the vagaries of weather.

Question 17

Who is the sponsor of Afghanistan team in 2019 World Cup?

Accepted Answer

Amul has announced to sponsor Afghanistan team in upcoming World Cup 2019 which will be held in England and Wales from May 30, 2019. Amul's logo will be visible on the leading arm of jerseys of the Afghanistan players in international match and also in training kit throughout the world cup.

Question 18

Which company has bagged the Global Slag Company of the Year at the 14th Global Slag Conference and Exhibition 2019?

Accepted Answer

Tata Steel bagged the 'Global Slag Company of the Year' award at the 14th Global Slag Conference and Exhibition 2019, for its innovative practices in the development of new applications for Steel by-products (Slag). The conference was held recently in Aachen, Germany, and is one of the largest global annual slag events, attended by major steelmakers, steel mill service providers & associated companies.

Question 19

Who received a letter of intent to acquire Korba West Power Company Ltd?

Accepted Answer

Adani Power received a letter of intent (LoI) to acquire debt-laden Korba West Power Company Ltd. (KWPCL). The committee of creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power. KWPCL owns and operates a 600 megawatt thermal power plant in Raigarh district in Chhattisgarh.

Question 20

With whom Indian Army signed an MoU to build tunnels on China, Pakistan borders?

Accepted Answer

Recently, Indian Army signed a Memorandum of Understanding (MOU) with National Hydroelectric Power Corporation (NHPC) Limited, to build four underground tunnels along China and Pakistan borders for storage of ammunition and other war-related equipment. Three tunnels will be built along Chinese border and one tunnel will be build along the Pakistan border. The tunnel can store 175-200 metric tonnes of ammunition and the cost of this pilot project is around Rs 15 crore.

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