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 Q .
Which china mobile company evaded customs duty of Rs 653 crore in india?
A)
Vivo
B)
Oppo
C)
Xiaomi
D)
OnePlus

Correct Answer : Option (C) - Xiaomi

Note :

The Finance Ministry has said that gadget manufacturer Xiaomi Technology India Private Limited has evaded customs duty of 653 crore rupees. Xiaomi India sales products under the MI brand.
 
An investigation was initiated by the Directorate of Revenue Intelligence against Xiaomi India and its contract manufacturers. During the investigation, searches were conducted at the premises of Xiaomi India, which led to the recovery of incriminating documents indicating that Xiaomi India was remitting royalty and licence fee to Qualcomm USA and to Beijing Xiaomi Mobile Software Co. Ltd. under contractual obligation. After completion of the investigation, three show cause notices were issued to Xiaomi Technology India Private Limited for demand and recovery of duty amounting to 653 crore rupees.

Source : News On Air

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Published On : January 7, 2022
Category : Business and Economics
 Q .
Which country is ranked at the top of ICC World Test Championship Points Table 2021-23?
A)
India
B)
South Africa
C)
Australia
D)
New Zealand

Correct Answer : Option (C) - Australia

Note :

Australia have grabbed the top spot in ICC World Test Championship 2021-23 points table after winning the ongoing Ashes 2021-22 series. Australia, led by their new Test skipper Pat Cummins, have already won the opening three Tests of the series against England and captured the series win 3-0. With 3 wins in 3 games, they have a PCT of 100.0 %.
 
Sri Lanka follows Australia on the second spot in ICC World Test Championship 2021-22 points table. Sri Lanka have played 2 Tests so far and won both of them. Sri Lanka defeated West Indies in both games of a two-match Test series back in November 2021. With 2 victories in 2 games, Sri Lanka also have a PCT of 100% like that of Aussies.
 
On the 3rd and 4th spots in ICC WTC 2021-23 points table respectively, Pakistan and India have taken grip. Pakistan have played 4 matches across 2 Test series against West Indies and Bangladesh. Pakistan won 3 games and lost 1 out of it.
 
Australia (100), Sri Lanka (100), Pakistan (75.00), India (55.21), South Africa (50.00), Bangladesh (33.33) West Indies (25.00), New Zealand (11.11), England (07.14).

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Published On : January 7, 2022
Category : Sports
 Q .
ICC has decided to impose an in-match penalty for slow over-rate in which cricket format?
A)
T10
B)
T20
C)
ODI
D)
Test

Correct Answer : Option (B) - T20

Note : International Cricket Council (ICC) announced new playing conditions for T20I on January 7, 2022. Under the new playing conditions, the fielding team will have to suffer the in-match penalty for slow over rates. 

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Published On : January 7, 2022
Category : Sports
 Q .
Who will lead India in the ICC Women's World Cup 2022?
A)
Mithali Raj
B)
Deepti Sharma
C)
Smriti Mandhana
D)
Harmanpreet Kaur

Correct Answer : Option (A) - Mithali Raj

Note : Veteran cricketer Mithali Raj will lead India in the ICC Women's World Cup 2022, while all-rounder Harmanpreet Kaur will be the deputy skipper. Smriti Mandhana and Shafali Verma will open for India with Yastika Bhatiya as the third opener option. Jhulan Goswami will be leading India's pace attack along with Meghna Singh and Pooja Vastrakar.

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Published On : January 7, 2022
Category : Sports
 Q .
Who joins Quad partners, Japan and South Korea for Sea Dragon 2022 exercise?
A)
Iran
B)
Pakistan
C)
China
D)
India

Correct Answer : Option (D) - India

Note :

India and its partners in the Quadrilateral Security Dialogue or Quad along with Canada and South Korea are participating in the multinational exercise Sea Dragon at Guam in the Western Pacific.
 
The exercise, primarily focused on Anti-Submarine Warfare (ASW) training, will involve more than 270 hours of in-flight training and activities ranging from tracking simulated targets to tracking a US Navy submarine. Each event will be graded and the country scoring the highest points will receive the Dragon Belt award.
 
The wargame, being held at Andersen Air Force Base in Guam, includes contingents from the Indian Navy, the US Navy, Royal Australian Air Force, Royal Canadian Air Force, Japan’s Maritime Self-Defense Force and the South Korean Navy.

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Published On : January 7, 2022
Category : Oceans and Seas
 Q .
Who authored the new book "Mamata Beyond 2021"?
A)
Rajat Sharma
B)
Jayanta Ghosal
C)
Vikram Chandra
D)
Rajdeep Sardesai

Correct Answer : Option (B) - Jayanta Ghosal

Note : HarperCollins Publishers India is set to publish a new book titled “Mamata: Beyond 2021”, authored by political journalist Jayanta Ghosal and translated by Arunava Sinha. The announcement about the release of the book was made on 5th January 2022, the birthday of Mamata Banerjee, the Chief Minister (CM) of West Bengal and the leader of the Trinamool Congress (TMC) party. The book explores and examines why the Bharatiya Janata Party (BJP) lost the 2021 West Bengal Election.

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Published On : January 7, 2022
Category : Books and Authors
 Q .
Which Bank won UiPath Automation Excellence awards 2021?
A)
South Indian Bank
B)
City Union Bank
C)
Punjab National Bank
D)
State Bank of India

Correct Answer : Option (A) - South Indian Bank

Note :

The Kerala-based lender South Indian Bank has won the UiPath Automation Excellence Awards 2021 for Best Automation under Crisis for Business Continuity.
 
The award was bestowed upon the Bank for its exceptional use of Robotic Process Automation capabilities under difficult times for solving severe operational constraints, thereby ensuring business continuity.
 
The UiPath Automation Excellence Awards aim to recognise the change-makers of automation. In the 2021 Edition of the UiPath Automation Excellence Awards, the individuals and organisations across India and South Asia (Sri Lanka, Bangladesh and Nepal), who have solved some of the greatest challenges through transformative automation projects were recognised.
 
South Indian Bank has been at the forefront in adopting robotic process automation with a robust ecosystem in place, with a vision to automate complex and mundane processes.

Source : The Hindu BusinessLine

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Published On : January 7, 2022
Category : Banking
 Q .
Who was appointed as the Bank of Baroda Brand Endorser in Jan 2022?
A)
Mithali Raj
B)
Shafali Verma
C)
Smriti Mandhana
D)
Harmanpreet Kaur

Correct Answer : Option (B) - Shafali Verma

Note :

Bank of Baroda has signed cricketer Shafali Verma as its brand endorser. The Bank continuously supports the youth of the country through its various banking and non-banking initiatives and this announcement reflects the bank’s ethos of adding value to its customer experience by choosing youth-icons like Shafali to inspire them.”
 
In 2019, at the age of 15, Shafali became the youngest cricketer to play in a Women’s Twenty20 International match for India. Previously in 2021, Shafali Verma became the 1st Women Cricketer to Hit 3 Sixes in Test Match.

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Published On : January 7, 2022
Category : Banking
 Q .
Who cancelled authorisation certificates of Muthoot Vehicle Finance, Eko India?
A)
State Bank of India
B)
National Housing Bank
C)
Punjab National Bank
D)
Reserve Bank of India

Correct Answer : Option (D) - Reserve Bank of India

Note :

Reserve Bank of India (RBI) has cancelled the authorisation certificates of Muthoot Vehicle and Asset Finance Limited and Eko India Financial Services Private Limited for non-compliance with regulatory requirements.
 
Both the payment system operators (PSOs) had the authorisation for issuance and operation of prepaid payment instruments.
 
"Following the cancellation of the Certificate of Authorisation (CoA), these companies cannot transact the business of issuance and operation of prepaid payment instruments," RBI said.
 
However, customers or merchants having a valid claim, if any, on these companies as PSOs, can approach them for settlement of their claims within three years from the date of cancellation.
 
The CoA was cancelled on December 31, 2021, the central bank said.

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Published On : January 7, 2022
Category : Banking
 Q .
Which company invests $200 mn in Dunzo to acquire 25.8% stake?
A)
Reliance Retail Ventures Limited
B)
Spencer's Retail
C)
Aditya Birla Retail Limited
D)
Morning Stars Retail Private Limited

Correct Answer : Option (A) - Reliance Retail

Note :

Logistics startup, Dunzo has raised $240 million led by Reliance Retail Ventures Limited (Reliance Retail) at a time when the Mukesh Ambani-led conglomerate is building its e-commerce capabilities to take on the likes of Amazon, Flipkart. The investment was led by Reliance Retail Ventures Limited (Reliance Retail), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of $200 million, Reliance Retail will own 25.8 percent stake on a fully diluted basis.
 
According to an exchange filing by the Reliance Industries Limited, the capital will be used to further Dunzo’s vision to be the largest quick commerce business in the country, enabling instant delivery of essentials from a network of micro warehouses while also expanding its B2B business vertical to enable logistics for local merchants in Indian cities.

Source : Business Today

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Published On : January 7, 2022
Category : Business and Economics
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