Here is the last daily Quiz of 2016; Let the coming year be much more fruitful for UPSC Aspirants.

1.Recently ,“BHIM” mobile app is there in Newspaper. Which of the following statements are True?

1.BHIM app launched by Union Government to make digital payments easier.

2.BHIM stands for Buyers Interface for Money.

3.The Bhim app is named after Dr B R Ambedkar.

4.This Aadhaar-based mobile app has no daily transaction limit.

a) 1 and 2

b) 1 and 3

c) 1 and 4

d) 1, 2 and 3

ANS: C, Prime Minister Narendra Modi has recently launched an Aadhaar-based mobile app “Bharat Interface for Money (BHIM)” to promote easier digital payments and transactions at Digi Dhan Mela at talkatora stadium in New Delhi. The Bhim app is named after Dr B R Ambedkar. The application is developed by the National Payment Corporation of India (NPCI). The application allows users to check the bank balance directly from the app. There is a limit of Rs 10,000 per transaction and a 24-hour limit of Rs 20,000.

2.Consider following on ORDINANCE TO MAKE POSSESSION OF OLD NOTES PENAL OFFENCE.

T) The Cabinet has approved promulgation of an Ordinance to make possession of a large number of scrapped banknotes a penal offence making holding of old 1,000 and 500 rupee notes after March 31st 2017 beyond a threshold amount a criminal offence.

R) The possession will attract a monetary fine of 10,000 rupees or five times the cash held, whichever is higher.

a) T is true and R is correct explanation of T

b) T is false but R is True

c) T is True But R is false

d) Both are False

ANS: A …No need of further explanation.

3.Chashma-III is related to which of the following?

a) Joint military excercise

b) Nuclear power plant

c) Conference of parties

d) Research & Analysis centre

ANS: b- Near Mianwali in Punjab Province Pakistan PM Nawaz Sharif inaugurated Chashma-III nuclear power plant.The plant alleviates load shedding problems in Punjab Province and aids Pakistan in attaining the commitments under the Intended Nationally Determined Contributions.As per the INDCs submitted by Pakistan to the United Nations Framework Convention on Climate.Change, use of non-fossil fuel based energy sources will be encouraged in the country.The Chashma-III Nuclear power plant is also called the C-III nuclear power plant.

4.The Watal Committee submitted its report in Dec 2016. Its recommendations include ________.

1. Make payment regulation independent of the RBI
2. Update the Payments and Settlement Systems Act, 2007.
a) 1 is true but 2 is false.
b) 1 is false but 2 is true.
c) Both are true.
d)Both are false.

ANS: C-Committee on Digital Payments headed by Ratan P. Watal in Dec 2016 submitted its report to the Union Ministry of Finance.The committee was formed by the Union Government to suggest measures to increase digital financial transactions across the nation.It has said that regulation of payments should be independent from the RBI.The Payments and Settlement Systems Act 2007 was also updated.The committee stresses on promoting digital payments and receipts within the Government.The committee also created a fund proposed as DIPAYAN from savings generated from cashless transactions.

5. Where is India’s first fully digital tribal colony located?

a. Kerala
b. Karnataka
c. Tamil Nadu
d. None of the above

ANS: A-Nedumkayam colony in the Karulazhi panchayat in Malapuram District of Kerala became the first fully-digital tribal colony in the country.It is located about 400 kms from Kerala’s capital Thiruvananthapuram.Declaration was made after adequate training for the entire tribal people of the colony in digital literacy and cashless transaction.The training was completed with the support of National Service Scheme (NSS), volunteers of an Arts and Science College at Kondotty and Jan Sikshan Sansthan, of Malappuram district.The Adivasi colony at Nedumkayam has become the first tribal community in the country to go digital.

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