QOTD | General Awareness | Current Affairs

Question of The Day04-12-2019

The term FASTag has appeared in the news recently. What is FASTag?

Answer

Correct Answer : d ) A new way for digital payment of toll tax

Explanation :

FASTag is a new way for digital payment of toll tax. It can be purchased at zero cost for a period of five years. The government has recently decided to change deadline for getting FASTag from 1^st December to 15^th December. After 15^th December, toll payments on National Highways will be made through FASTag only, and vehicles entering FASTag lane without FASTag will be charged double user fee.

The government has earlier made mandatory for all vehicles sold in India after December 2017 to have FASTag. FASTag program was launched in 2014 on pilot basis.

It is being implemented by Indian Highways Management Company Limited (IHMCL) and National Payment Corporation of India (NPCI). FASTags use Radio-frequency identification (RFID) technology.

Hence, option (d) is correct.

Questions related to Current Affairs are asked in various exams like UPSC CSE, UPSC CDS, State PSC, SSC CGL, SSC CHSL, IBPS PO, IBPS SO, etc. Try and attempt free mock tests at PendulumEdu.

Ready Daily Current Affairs & GK, Banking and Financial Affairs and practice different types of questions by attempting QOTD.