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- Which of the following points are ‘Incorrect’ with respect to the recent (in Aug ‘22) data released by PGA Labs about Debit card & Credit card?
A) State Bank of India (SBI) remained the top player with 30% market share of debit cards as of June 2022 followed by Bank of Baroda (BoB).
B) HDFC Bank topped the credit card chart with 22% market share in June 2022 followed by SBI.
C) ICICI bank is the largest credit card issuer in India which added 386,487 in June 2022, followed by Axis Bank
1) Only A
2) Only B
3) Only C
4) Only A & B
5) Only B & CAnswer-3) Only C
Explanation:
According to the data collated by PGA Labs, State Bank of India (SBI) remained the top player with 30 percent market share of debit cards as of June 2022 followed by Bank of Baroda (BoB) with 8 percent market share.
HDFC Bank has topped the credit card chart with 22 percent market share followed by SBI (18%).
HDFC is the largest credit card issuer in India which added 386,487 in June 2022, followed by Kotak Mahindra Bank (262,942 cards). - Name the bank that recently (in Aug ‘22) launched two co-branded credit card variants along with the Tata Neu App.
1) Axis Bank
2) HDFC Bank
3) IndusInd Bank
4) ICICI Bank
5) YES BankAnswer- 2) HDFC Bank
Explanation:
Tata Neu, India’s first super app from Tata Group and HDFC Bank partnered to launch co-branded credit cards in two variants that includes Tata Neu Plus HDFC Bank Credit Card and Tata Neu Infinity HDFC Bank Credit Card.
i. Tata Neu customers can apply for credit cards on the Tata Neu app and each of its two variants will be available on both RuPay and Visa networks.
ii. The customers will earn rewards on all spending, both online and in-store in the form of NeuCoins (1 NeuCoin equals 1 Rupee). - Which company recently (in Aug ‘22) launched ‘Yoddha’, a co-branded RuPay credit card along with the Indian Army?
1) HDB Finance Services Limited
2) Aditya Birla Finance Limited
3) BOB Financial Solutions Limited
4) Bajaj Finance Limited
5) Tata Capital Financial Services LimitedAnswer- 3) BOB Financial Solutions Limited
Explanation:
BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda (BoB) and the Indian Army launched Yoddha, a co-branded RuPay credit card for the Indian Army personnel, in partnership with National Payments Corporation of India (NPCI).
i. It will be equipped with contactless features and will be offered on the RuPay Platform.
ii. Yoddha includes attractive welcome, activation and spend-based gifts along with complimentary domestic airport lounge access and golf games/lessons. - Name the personality who was recently (in Aug ‘22) appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Infrastructure Development Finance Company (IDFC) Limited.
1) Mahendra N Shah
2) Jaimini Bhagwati
3) Sunil Kakar
4) Ajay Sondhi
5) Deepak Shantilal ParekhAnswer- 1) Mahendra N Shah
Explanation:
The Board of Infrastructure Development Finance Company (IDFC) Limited appointed Mahendra N Shah, the Company secretary & Compliance Officer of IDFC FIRST Bank Limited, as the Managing Director (MD) and Chief Executive Officer (CEO) starting from October 1, 2022, till September 30, 2023.
i. Mahendra N Shah will replace Sunil Kakar whose tenure ends on September 30, 2022. - In August 2022, TVS Motor Company acquired ______ stake in Narain Karthikeyan’s Two-Wheeler Start-up DriveX for Rs.85 crores.
1) 74.19 %
2) 54.17 %
3) 64.78 %
4) 48.27 %
5) 36.26 %Answer- 4) 48.27 %
Explanation:
TVS Motor Company announced it will acquire 48.27 % stake in NKares Mobility Millennial Solutions Private Limited (NMMSPL) for Narain Karthikeyan’s pre-owned two-wheeler start-up ‘DriveX’ for a consideration of Rs. 85 crores.
i. NMMSPL operates under the brand ‘DriveX’ which was founded by Formula 1 driver Narain Karthikeyan. - Name the portal that was recently (in Aug ‘22) launched by the Union government for inviting nominations for all the awards of the various Ministries, Departments and agencies.
1) Rashtriya Puraskar Portal
2) Saphalata Puraskar
3) Upalabdhi Puraskar
4) India Puraskar
5) Bharatiya PuraskarAnswer-1) Rashtriya Puraskar Portal
Explanation:
The Union Government has launched Rashtriya Puraskar Portal (https://awards.gov.in) to bring together all the awards of the various Ministries, Departments and agencies of the government under one platform.
This has been launched to ensure transparency and public partnership.
i. It also facilitates every citizen or organisation to nominate individuals/organisations for various Awards instituted by the Government of India (GoI).
ii. Currently, nominations/recommendations for the following Awards are open:
Padma Awards, Sardar Patel National Unity Award, Tenzing Norgay National Adventure Award, Jeevan Raksha Padak series of Awards and Pandit Deendayal Upadhyaya Telecom Skill Excellence Award etc. - In August 2022, the Indian Cricket Team won Kajaria Cup 2022 by defeating _______ in the 3-match One Day International (ODI) series at Harare Sports Club, Harare.
1) West Indies
2) New Zealand
3) Namibia
4) Ireland
5) ZimbabweAnswer- 5) Zimbabwe
Explanation:
Indian Cricket Team has won the Kajaria Cup India Tour of Zimbabwe One Day International (ODI) Series 2022 (3-0) defeating Zimbabwe in the 3rd and final One Day International (ODI) at Harare Sports Club, Harare, Zimbabwe.
i. The ODI series formed part of the inaugural 2020–2023 ICC Cricket World Cup Super League.
ii. India registered a 13-run victory and clinched the ODI series by 3-0. - Sadananda Shetty, Chairman of the Soham Group of Companies, recently (in Aug ‘22) passed away. He is the former chairman of which of the following banks from 1983 to 1990?
1) United Bank of India
2) Syndicate Bank
3) Vijaya Bank
4) Dena Bank
5) Allahabad BankAnswer-3) Vijaya Bank
Explanation:
Sadananda Shetty, former Vijaya Bank chairman and founder and serving Chairman of Soham Group of Companies, passed away at the age of 85 years in Nice city, France.
i. He was the current President of Renewable Energy Developers Association of Karnataka.
ii. He served as the Chairman of Vijaya Bank, which has now merged with Bank of Baroda(BoB), from 1983 to 1990. - Who authored the book, “Lies Our Mothers Told Us: The Indian Woman’s Burden”?
1) Yashica Dutt
2) Nilanjana Bhowmick
3) Shireen Dalvi
4) Ismat Ara
5) Jeya RaniAnswer-2) Nilanjana Bhowmick
Explanation:
An Independent Journalist, Nilanjana Bhowmick’s book “Lies Our Mothers Told Us: The Indian Woman’s Burden” published by Rupa & Co; Aleph Book Company, on 5 July 2022.
i. This book takes a close look at gender inequality and the burdens they carried over from a very young age.
ii. Women who have fought for equal rights and won are: Savitribai Phule, Mahasweta Devi, Amrita Pritam, Medha Patkar, Kamla Bhasin, and countless others, since the 19th Century. - What is the theme of World Water Week 2022 that was observed across the globe on 23rd August to 1st September 2022?
1) Water, Ecosystems and Human Development
2) Water and Climate Change: Accelerating Action
3) Seeing the unseen: The value of water
4) Water for society – Including all
5) Building Resilience FasterAnswer- 3) Seeing the unseen: The value of water
Explanation:
World Water Week is annually observed across the globe in the last week of August to address the global water issues and related concerns of international development.
i. World Water Week 2022 takes place from 23 August to 1 September, 2022 with the theme of “Seeing the unseen: The value of water”.
ii. The World Water Week is an annual event organized by the Stockholm International Water Institute (SIWI).
- Which of the following points are ‘Incorrect’ with respect to the recent (in Aug ‘22) data released by PGA Labs about Debit card & Credit card?
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