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Prelims -Science and technology

Question:Which of the below is/are correct? -View

(a) Bharat 22 is aimed at helping speed up the government's disinvestment programme.

(b) The Bharat 22 Index will be rebalanced quarterly.

(c) Both a and b

(d) Neither a nor b

Check Answer:

Answer: Both a and b
Explanation

• The Union Finance Minister Shri Arun Jaitley announced a new Exchange Traded Fund (ETF) by the name BHARAT 22. • Bharat 22 consists of 22 stocks of CPSE's, PSB's & strategic holding of SUUTI . • Compared to energy heavy CPSE ETF, Bharat 22 is a well diversified portfolio with 6 sectors (Basic Materials, Energy, Finance, FMCG, Industrials & Utilities). • The Bharat 22 Index will be rebalanced annually. ICICI Prudential AMC will be the ETF Manager and Asia Index Private Limited (JV BSE and S& P Global) will be the Index Provider. • In the Budget Speech of 2017-18, the Finance Minister Shri Arun Jaitley had promised to use ETF as a vehicle for further disinvestment of shares. • The target for CPSE’s disinvestment in 2017-18 was set at INR 72,500 crore. During the current Financial Year 2017-18, the Government has realised approx INR 9,300 crore through nine disinvestment transactions so far. • http://www.thehindubusinessline.com/opinion/columns/all-you-wanted-to-know-about-bharat-22-etf/article9805925.ece

Question:The Bharat Bill Payment System is conceptualized by (a) Pay U Money (b) National Payments Corporation of India (c) SBI (d) RBI -View

(a) Pay U Money

(b) National Payments Corporation of India

(c) SBI

(d) RBI

Check Answer:

Answer: RBI
Explanation

• The Bharat Bill Payment System (BBPS) is an RBI conceptualized system driven by National Payments Corporation of India (NPCI). • BBPS is an integrated bill payment system offering inter operable and accessible bill payment service to customers through a network of agents, enabling multiple payment modes and providing instant confirmation of payment.