Table of Content

Start PIB Quiz of 11th – 12th August 2021

Q.1) Consider the following statements with regards to the second phase of the Pradhan Mantri Ujjwala Yojana launched in August 2021. (1) Under the II phase, migrants are not required any address proof or ration cards to avail the benefits of the scheme. (2) Hotplate also will be provided free of cost to the beneficiaries. (3) Free of cost refill facility will be provided until the pandemic COVID- 19 ends. Which provision is NOT CORRECT under this phase? Options:
Q.2) What is not correct about the fourth round of Global Youth Tobacco Survey (GYTS-4), India- 2019?
Q.3) What is NOT one of the findings of the fourth round of Global Youth Tobacco Survey (GYTS-4), India- 2019 which was released by MoHFW?
Q.4) MNRE launched the loan interest subvention scheme for demonstration of innovative industrial organic waste to energy bio- methanation projects and business models. Who are the associates of MNRE for this scheme? (1) The United Nations Industrial Development Organization (UNIDO) (2) Global Environment Facility (GEF) (3) UNESCO (4) World Bioenergy Association (WBA) Options:
Q.5) What is NOT CORRECT about the ‘Seekho Aur Kamao’ scheme?
Q.6) What is not correct about the Supplementary Nutrition (SNP) Under NFSA?

Start RBI Quiz of 11th – 12th August 2021

Q.1) RBI has come up with the Framework for Outsourcing of Payment and Settlement-related activities by Payment system operators. Identify the statements correctly related. 1.The objective behind the framework is to enable effective management of risks in outsourcing of such activities. 2.Outsourcing of any activity by the PSO reduces its obligations, and those of its board and senior management, for the outsourced activity. 3.A PSO must ensure that outsourcing does not impede or interfere with the ability of the PSO to effectively oversee and manage its activities; nor does it prevent RBI from carrying out its supervisory functions and objectives.
Q.2) In order to enable effective management of attendant risks in outsourcing of such activities, it was announced in the Statement on Developmental and Regulatory Policies released with the bi-monthly Monetary Policy Statement 2020-21 on February 05, 2021, that a framework for outsourcing of payment and settlement-related activities by PSOs, will be issued by the Reserve Bank of India. Accordingly, a framework for the same has now been issued. Which of the following functions as per this framework cannot be outsourced by Payment system operators? 1. Risk management 2. Internal audit 3. Compliance and decision-making functions
Q.3) The Taxation Laws (Amendment) Bill, 2021 that aims to end all retrospective taxation imposed on indirect transfer of Indian assets has been passed. Identify the statement which is correctly related to it.
Q.4) Which of the following benefits will The Taxation Laws (Amendment) Bill, 2021 offer? 1.The bill marks a step in the direction of addressing the long-pending demand of foreign investors seeking the removal of retrospective tax for the sake of better tax clarity. 2.This would help in establishing an investment-friendly business environment, which can increase economic activity 3.This could help restore India’s reputation and improve ease of doing business.
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About Anuj Jindal


Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.

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