CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which mobile wallet provider has tied up with MMTC-PAMP India to launch gold buying feature?

A	Google Pay
B	Paytm
C	MobiKwik
D	PhonePe

Explanation:

Detailed explanation-1: -You can digitally buy and sell gold on Google Pay through MMTC-PAMP India Pvt. Ltd.

Detailed explanation-2: -(b) “MMTC-PAMP PARTNER” refers to PhonePe which is the entity facilitating collection of payments for GAP as offered by MMTC-PAMP on the Platform.

Detailed explanation-3: -MMTC-PAMP. Incorporated in India on 18 January 2008, MMTC-PAMP India Pvt. Ltd. is a joint venture between PAMP SA, Switzerland and MMTC Limited, a Government of India Undertaking. MMTC Limited is India’s largest public sector trading organisation, engaged in the trading of several products including precious metals.

Detailed explanation-4: -A joint venture between Switzerland based bullion brand, PAMP SA, and MMTC Ltd, a Government of India Undertaking, MMTC-PAMP seamlessly marries Swiss excellence with Indian insights.

Detailed explanation-5: -MMTC-PAMP is India’s only refinery which bears international recognition - recognized by the London Bullion Market Association or LBMA.

There is 1 question to complete.