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Banking & FinanceEasy

Which attraction has become the first in the United Arab Emirates to accept UPI for e-commerce bookings?

  1. A.Museum of the Future
  2. B.At the Top, Burj Khalifa
  3. C.Dubai Frame
  4. D.Ferrari World Abu Dhabi

Correct answer

B. At the Top, Burj Khalifa

Explanation

The correct answer is At the Top, Burj Khalifa, the observation experience at the tower in Dubai. NPCI International Payments Limited enabled UPI there in partnership with NEOPAY and Emaar Entertainment, and this is the first attraction anywhere in the Emirates to take UPI for online commerce rather than only for scanning a merchant code. Option A, the Museum of the Future, option C, the Dubai Frame, and option D, Ferrari World Abu Dhabi, are well known destinations in the country, but none of them was named in the announcement as having switched on UPI acceptance. Candidates should connect this fact with its companion in the same announcement: in Singapore, acceptance was extended to Resorts World Sentosa with the payment institution FOMO Pay as partner, covering Universal Studios Singapore, the Singapore Oceanarium and Adventure Cove Waterpark.

Read the full article: UPI Enabled for Bookings at Burj Khalifa and Sentosa

Q3.Banking & FinanceMedium

Besides the Priority Sector Lending framework, which scheme has the committee been asked to review?

  1. A.Lead Bank Scheme
  2. B.Pradhan Mantri Jan Dhan Yojana
  3. C.Pradhan Mantri Mudra Yojana
  4. D.Stand Up India Scheme
Show answer
Correct answer: A. Lead Bank Scheme

One head of the terms of reference asks the committee to review the Priority Sector Lending framework together with the Lead Bank Scheme, and to judge how relevant, effective and well coordinated the two remain in promoting inclusive, balanced and data-driven credit delivery in line with changing economic priorities and…

Q4.Banking & FinanceEasy

Who has been appointed Chairman of the High Level Committee on Banking for Viksit Bharat?

  1. A.Shirish Chandra Murmu
  2. B.Suresh N. Patel
  3. C.Padmaja Chunduru
  4. D.N. S. Vishwanathan
Show answer
Correct answer: B. Suresh N. Patel

He is a former Central Vigilance Commissioner, and the Government has named him Chairman of the newly constituted High Level Committee on Banking for Viksit Bharat, the panel that will recommend structural, institutional, regulatory and legislative reform of the banking sector.