336: With reference to digital payments, consider the following statements:
1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.
2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
337: The difference between a bank and a Non-Banking Financial Institution (NBFI) is that
(a) a bank interacts directly with customers while an NBFI interacts with banks and governments
(b) a bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is mainly concerned with the term loan needs of large enterprises
(c) a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies
(d) a bank's main interest is to help in business transactions and savings/ investment activities while an NBFI's main interest is in the stabilisation of the currency
338: With reference to the National Rehabilitation and Resettlement Policy, 2007, consider the following statements :
1. This policy is applicable only to the persons affected by the acquisition of land for projects and not to the involuntary displacement due to any other reason.
2. This policy has been formulated by the Ministry of Social Justice and Empowerment.
Which of the statements given above is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Explanation:
national Rehabilitation and Resettlement Policy of 2007 comes under the jurisdiction of the Ministry of Rural Development.
The objectives of the National Rehabillitation and Resettlement Policy are:to minimise displacement and to promote, 'as far as possible, non - displacing or least-displacing alternatives; to ensure adequate rehabilitation package and expeditious' implementation of the rehabilitation process with the active participation of the affected families; to ensure that special care is taken for protecting the rights of the weaker sections of society, especially members of the Scheduled Caste and Scheduled Tribes, and to create obligations on the State for their treatment with concern and sensitivity; to provide a better standard of living, making concerted efforts for providing sustainable income to the affected families; to integrate rehabilitation concerns into the development planning and implementation process; and where displacement is on account of land acquisition, to facilitate harmonious relationship between the requiring body and affected families through mutual cooperation.
339: Consider the following statements:
1. The number of post offices in India is in excess of 1.5 lakhs.
2. Bharat Sanchar Nigam Limited (BSNL) was formed in the year 1997.
3. Telecom Regulatory Authority of India (TRAI) was established in the year 2000.
Which of the statements given above is/are correct?
(a) 1 only
(b) 3 only
(c) 1 and 2
(d) 1, 2 and 3
Explanation:
- India has world's largest postal network with 1,55,837 post offices. A post office serves an area of 21.09 sq. km. and population of 6,602 approximately.
- In early 1997, the TRAI was established under the Telecom Regulatory of India Act, 1997 to regulate telecommunications services and for matters connected there with. BSNL came into existence on 1st October, 2000 with physical jurisdiction spread all over the country except Delhi and Mumbai. Its Cellular services are Excel (brand named) and Cell one.
340: The term Regional Comprehensive Economic Partnership often appears in the news in the context of the affairs of a group of countries known as
(a) G20
(b) ASEAN
(c) SCO
(d) SAARC