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  • 1.
    Reserve Bank of India has recently prohibited Indian entities from making direct investments in any entity located in ‘non co-operative countries and territories’, as identified by the inter-governmental body FATF. What does FATF stand for?
    A. Financial Action Task Force B. Financial Administered Task Force
    C. Financial Anti Task Force D. Financial Attached Task Force
    E. None of these
    Ans
    A
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  • 2.
    Reserve Bank of India (RBI) has recently extended the period of enhanced PPI limit of Rs 20,000 as part of efforts to promote digital payments. What does PPI stand for?
    A. Private Payment Instruments B. Public Payment Instruments
    C. Prepaid Payment Instruments D. Postpaid Payment Instruments
    E. None of these
    Ans
    C
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  • 3.
    Prime Minister Sri Narendra Modi has recently launched UPI based mobile payment app called ‘BHIM’. What does UPI stand for?
    A. Unified Payments Interface B. United Payments Interface
    C. Unified Payments Identification D. Unified Payments Interchanger
    E. None of these
    Ans
    A
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  • 4. General Anti-Avoidance Rule (GAAR) will come into effect from
    A. 1st April 2017 B. 1st March 2017
    C. 1st May 2017 D. 1st June 2017
    E. None of these
    Ans
    A
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  • 5.
    The Union Government has recently transferred the advising role of Department of Investment and Public Asset Management (DIPAM) on utilization of the proceeds from disinvestment to which of the following departments?
    A. Department of Industrial Policy and Promotion B. Department of Economic Affairs
    C. Department of Commerce D. Department of Science and Technology
    E. None of these
    Ans
    B
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