Question 1

The Department of Telecom (DoT) approved for the merger of Tata Teleservices (TTSL) with which network?

Accepted Answer

The Department of Telecom (DoT) approved for the merger of Tata Teleservices (TTSL) with Bharti Airtel, subject to the condition that the Sunil Bharti Mittal-led firm furnishes Rs.7,200 crore worth bank guarantee. Both the companies are expected to submit an undertaking on matters related to court cases before the merger is taken on record. The merger will be taken on record after Airtel submits the bank guarantee of about Rs.6,000 crore for one-time spectrum charges and another Rs.1,200 crore for the spectrum that would be acquired from TTSL.

Question 2

With which company, Indraprastha Gas Limited (IGL) signed a MoU to set up integrated customer services and optimize value for customers.

Accepted Answer

Tata Power and Indraprastha Gas Limited (IGL) signed a memorandum of understanding to set up integrated customer services and optimize value for customers. The pact will also cover common safeguard activities of underground assets (pipes and cables) including the right of way for activities like maintenance and laying of pipes and cables, routine patrolling of under and above ground assets.

Question 3

Who introduced the first Indian Platform for Wholesale Cryptocurrency Trading?

Accepted Answer

BuyUcoin, second oldest Cryptocurrency Exchange company in India introduced a new and unique platform for wholesale cryptocurrency trading. This platform works on 'free trading model' which means it charges zero free on any trade. This wholesale platform also known as OTC (Over-the-counter) Desk allows users to trade on a large scale with low price fluctuations. This new platform will help to improve the problem of liquidity of cryptocurrency in Indian market.

Question 4

Bhushan Patil, President of which e-commerce payment system and digital wallet entity has resigned recently?

Accepted Answer

Bhushan Patil, President of India's mobile payment and commerce platform, Paytm has quit the company. In March 2016, he had joined Paytm after serving five years at Alibaba.com. Recently, Paytm and Paytm Mall together could raise anywhere between $1-2 billion from investors.eBay, American multinational e-commerce corporation is preparing to make an investment in Paytm Mall.

Question 5

Name of the Airline which operated world's first zero-waste flight.

Accepted Answer

Australian flight carrier, Qantas operated the world's first zero-waste commercial flight named QF739 from Sydney to Adelaide which disposed of all waste through compost, reuse or recycles. This airline has substituted over 1000 single-use plastic items with more environment-friendly items which have helped the airline to achieve zero-waste during a commercial flight. The Australian airline Qantas has planned to eliminate 100 million single-use plastics by the end of 2020 and also to reduce 75% of airline's waste by the end of 2021.

Question 6

Name the organisation which plans to add 3 million tech jobs by 2023.

Accepted Answer

Indian Staffing Federation (ISF), the apex body for the flexi working industry said that the Indian tech industry will add another three million new jobs in the next five years. With the additions, the size of the country's tech army will be 7 million by 2023. It also said that the new jobs would come up in digital technology areas such as artificial intelligence (AI), machine learning, Internet of things (IOT), data science, analytics, big data, blockchain and augmented reality. Jobs would also be created in newer technology areas that are presently unknown but are expected to emerge and evolve in the next few years.

Question 7

Which is the first non-life insurance company to sell 2-wheeler policies via WhatsApp, by partnering with Wishfin?

Accepted Answer

Bharti AXA General Insurance, the first company in the domestic non-life insurance industry has collaborated with web aggregator, Wishfin Insurance to sell 2-wheeler policies via social media messaging platform, WhatsApp. Bharti AXA General Insurance is a joint partnership between Bharti Enterprises and AXA, global insurance firm. It will sell the policies on Wishfin's insurance arm, Wishpolicy's website. Wishfin has launched 'Buy Two-Wheeler Insurance on WhatsApp' (that is available on Wishpolicy's website) through Wishfin Insurance. This policy is an instant, effortless and additional customer service option avaiable for the policyholders. Customers and policyholders can buy the 2-wheeler insurance on WhatsApp by giving a missed call to 8527844822.

Question 8

Tata Trust and ____________ signed MoU to support handloom weaving community.

Accepted Answer

Tata Trusts and Microsoft India have signed a Memorandum of Understanding (MoU) to jointly rejuvenate the handloom clusters in the eastern and north-eastern parts of the country. Microsoft's Project ReWeave will help preserve traditional weaving forms by upskilling workers, designing and marketing merchandise, and creating sustainable livelihood options. Microsoft will also enable digital training through Project Sangam, a Microsoft Azure-based Learning Management System, which provides necessary training and tools to weaving communities to help them realise their full potential.

Question 9

Which IT service management company has launched the real-time voice banking platform to provide customers with personalized banking interactions?

Accepted Answer

Financial Software Services (FSS) has launched FSS Voice Commerce which is a real-time voice banking platform to provide customers with personalized banking interactions. It uses machine-learning language processing techniques for analysis and synthesis of language and speech to deliver the service.This platform interfaces with any retail banking system to provide real-time information of accounts and balances.

Question 10

Vipin Anand has taken charge as Managing Director of which of the following company?

Accepted Answer

Vipin Anand has taken charge as Managing Director of Life Insurance Corporation of India. Prior to this, he was in charge of LIC's Western Zone, headquartered at Mumbai. During his service of more than 35 years with the organisation, Anand has handled several assignments in various capacities and departments across different locations in India.

Question 11

Who has signed a contract agreement with Nepal's Department of Railways to supply two 1600 HP DEMU train sets?

Accepted Answer

Konkan Railways Corporation Ltd has signed a contract agreement with Nepal's Department of Railways to supply two 1600 HP DEMU train sets. These trains will be used to operationalise railway link between Jayanagar in India and Kurtha in Nepal. The train sets will be manufactured by the Integrated Coach Factory, Chennai. The agreement was signed in Kathmandu in the presence of Indian Ambassador Manjeev Puri and Nepal's Secretary, Ministry of Physical Infrastructure and Transport Madhusudan Adhikari. Each train set will comprise of one driving power car, three trailer cars with one air-conditioned, one driving trailer car with standard accessories.

Question 12

With whom Hughes Communication India have agreed to merge their broadband satellite business to improve operational efficiencies?

Accepted Answer

Bharti Airtel and Hughes Communication India have agreed to merge their broadband satellite or VSAT (very small aperture terminal) business to improve operational efficiencies and target new customers in areas such as in-flight connectivity. After a merger, Hughes Communication will own 67% share of new entity and the remaining 33% will own by Bharti Airtel. If we talk about current market share, the Hughes Communication has 36% share of the market and Airtel Business - the enterprise and VSAT arm of Bharti Airtel has 27% share of the market.

Question 13

Who sets up 5G Lab for Banking, Financial Sector?

Accepted Answer

The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India, has launched a 5G Use Cases Lab for banking and financial sector. The 5G technology, along with blockchain, will be progressively adopted by banks. Department Of Telecommunications had already launched test beds for 5G use in the academia in Hyderabad, Chennai and Bangalore to develop 5G for Indian use.

Question 14

Which of the following company has planned to acquire a Philippines-based personal care company Splash Corporation?

Accepted Answer

Wipro Consumer Care has signed an agreement to acquire Splash Corporation, a Philippines-based personal care company. The transaction strengthens Wipro's consumer care portfolio in personal care and completes its South-East Asian footprint. This is Wipro's 11th acquisition in the consumer line business and the 9th acquisition in the personal care segment overall.

Question 15

Name the company which launched Mosquito Disease Protection Policy which will cover people against common mosquito-borne diseases.

Accepted Answer

India's 3rd-largest non-life insurance provider in the private sector, HDFC ERGO General Insurance Company launched a scheme termed 'Mosquito Disease Protection Policy' which will cover a person against common mosquito-borne diseases, namely, Dengue Fever, Malaria, Chikungunya, Japanese Encephalitis, Kala-azar, Lymphatic Filariasis and Zika Virus. These mosquito-borne diseases leads to financial burden due to hospitalisation or affects the No Claim Bonus of any conventional Health Insurance. The policy by HDFC ERGO will cover hospitalisation expenses. The policyholder may opt for a huge amount to be paid as a policy benefit on offering the proof of hospitalisation. The policy will also pay the beneficiary the sum insured, if in case of the policyholder dies due to the disease.

Question 16

Name the company which has Unveils its Own Blockchain-Based Service.

Accepted Answer

Microsoft has unveiled fully-managed Azure Blockchain Service that would simplify the formation, management, and governance so that businesses can focus on workflow logic and application development. Instead of supporting cryptocurrency transactions, Azure Blockchain Service will let businesses develop their applications on its Cloud-based platform. Microsoft has also announced a partnership with J.P. Morgan to make "Quorum", the first ledger available in Azure Blockchain Service.

Question 17

Who plans to close down its retail operations in China?

Accepted Answer

Amazon plans to close down online retail operations in China, admitting defeat to local e-commerce rivals such as Alibaba and JD.com. They will continue other operations in China such as Amazon Web Services (AWS). Kindle e-books and teams that help ship goods from Chinese merchants to customers abroad. Amazon entered China in 2004, when it acquired a local online book seller for USD 75 million. They launched its Prime membership programme in China in 2016 with aim to lure customers with high-quality Western goods and perks like free international deliveries.

Question 18

Which of the following comapny palns to acquired British toy retailer Hamleys?

Accepted Answer

Reliance Industries Ltd. (RIL) acquired British toy retailer Hamleys in a all cash deal on May 09, 2019. As per the RIL announcement they have acquired Hamleys in 67.96 million pounds (about Rs. 620 cr). With this announcement Reliance will get hold of hundred percent shares of Hamleys Global Holdings Limited (HGHL). Hamley was owned by Chinese fashion conglomerate C Banner International since 2015.

Question 19

Who get an approval from CCI to acquire up to 66.15% stake in Mindtree?

Accepted Answer

The Competition Commission of India (CCI) approved engineering and construction major Larsen & Toubro's (L&T's) proposal to acquire up to 66.15% stake in Mindtree. With this nod, L&T has overcome the first major regulatory hurdle in its bid for 'hostile' takeover of the Bengaluru-headquartered IT services firm.

Question 20

Which among the following tops in the list of Association of Mutual Funds in India (Amfi)?

Accepted Answer

India's asset management companies (AMCs) own assets under management (AUM) worth Rs24.46 trillion, according to data released by the Association of Mutual Funds in India (Amfi). HDFC Asset Management Co. Ltd has claimed the top spot with an average AUM of Rs3.42 trillion, overtaking ICICI Prudential Asset Management Co. Ltd with an average AUM of at Rs3.20 trillion. Out of the total industry assets, a huge 82.7% is owned by the top 10 AMCs, who have owned around 80% of the industry assets over at least three years now.

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