1205 + Mcqs in Business and Economy Page 17 McqOptions

801.	In January 2020, the RBI has cancelled the Certificate of Authorisation (CoA) of which of the following digital payment wallets?
A.	PayUMoney
B.	Vodafone m-pesa Limited
C.	Mobikwik
D.	Citrus
E.	ICICI Pockets
Answer» C. Mobikwik

Discussion

802.	According to data from IRDAI, Non-life insurance firms registered a rise of ________% in their collective premium income to Rs 1.70 lakh crore in March 2019.
A.	10
B.	13
C.	15
D.	17
E.	20
Answer» C. 15

Discussion

803.	In September 2020, Union Finance Ministry has granted permission to raise additional financial resources of Rs. 9,913 crore to how many states through Open Market Borrowings?
A.	2
B.	3
C.	4
D.	5
E.	6
Answer» E. 6

Discussion

804.	In May 2021, the Reserve Bank of India had imposed a penalty of Rs 1 lakh on which of the following Banks for violation of certain directions under the Supervisory Action Framework?
A.	Bapunagar Mahila Co-operative Bank
B.	Priyadarshini Mahila Nagari Sahakari Bank
C.	Jamnagar mahila Sahakari Bank
D.	Shree Laxmi Mahila Sahakari Bank
E.	Valsad Mahila Nagrik Sahakari Bank
Answer» C. Jamnagar mahila Sahakari Bank

Discussion

805.	Banks and financial institutions have sanctioned about how many rupees to over 28 crore beneficiaries under the Mudra scheme in the last six years?
A.	10 lakh crore
B.	12 lakh crore
C.	15 lakh crore
D.	18 lakh crore
E.	20 lakh crore
Answer» D. 18 lakh crore

Discussion

806.	IRDAI has issued a circular allowing health and general insurance companies to offer which Policy for a minimum sum insured of Rs 50,000 and maximum sum insured above Rs 5 lakh?
A.	Arogya Sanjeevani
B.	Aam Aadmi Bima Yojana
C.	Bhamashah Swasthya Bima Yojana
D.	Central Government Health Scheme
E.	Chief Minister's Comprehensive Insurance Scheme
Answer» B. Aam Aadmi Bima Yojana

Discussion

807.	In February 2020, Insurance cover on bank deposits has been increased to ________ lakh rupees from one lakh rupees.
A.	2
B.	3
C.	4
D.	5
E.	6
Answer» E. 6

Discussion

808.	Larsen & Toubro's power transmission and distribution business has won orders to design and construct two substations in which city in UAE?
A.	Abu Dhabi
B.	Dubai
C.	Ajman
D.	Sharjah
E.	Ras Al-Khaimah
Answer» C. Ajman

Discussion

809.	In December 2019, the Centre released the GST compensation of how many crores to States and Union Territories?
A.	31,868
B.	33,768
C.	35,298
D.	37,878
E.	39,846
Answer» D. 37,878

Discussion

810.	Ministry of Chemical and Fertilizers has accorded approvals to how many applicants under Production Linked Incentive Scheme?
A.	10
B.	12
C.	14
D.	16
E.	18
Answer» E. 18

Discussion

811.	Guidance, the nodal agency of the Tamil Nadu government for investment promotion, has inked an MoU with which of the following to work on a broad objective of economic recovery and growth monitoring?
A.	Indian School of Business
B.	IIM Kozhikode
C.	IMT Ghaziabad
D.	IIM Lucknow
E.	NMIMS Mumbai
Answer» B. IIM Kozhikode

Discussion

812.	‘An Enquiry into the Nature and Cause of the Wealth of Nations’ is an influential work by economist ______.
A.	Adam Smith
B.	Millicent Fawcett
C.	Alfred Marshall
D.	John Maynard Keynes
Answer» B. Millicent Fawcett

Discussion

813.	In July 2020, Reliance Industries has overtaken which of the following to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore?
A.	Chevron
B.	Occidental Petroleum
C.	Delta
D.	ExxonMobil
E.	Valero Energy
Answer» E. Valero Energy

Discussion

814.	In February 2021, which of the following has announced an investment in OneLife brand owner, OneLife Nutriscience?
A.	Fena Private Limited
B.	Marico Limited
C.	Wipro Consumer Care Ventures
D.	Hitech Grain Processing Pvt Ltd
E.	Unicharm India Private Limited
Answer» D. Hitech Grain Processing Pvt Ltd

Discussion

815.	Infra.Market has raised how many dollars (in million) in a growth round led by Tiger Global, valuing the procurement marketplace for construction materials at $1 billion?
A.	50
B.	80
C.	100
D.	120
E.	150
Answer» D. 120

Discussion

816.	By using ‘RuPay SoftPoS’, the merchant would be able to accept contactless payments of up to how many rupees?
A.	2,000
B.	3,000
C.	4,000
D.	5,000
E.	6,000
Answer» E. 6,000

Discussion

817.	In August 2019, which bank signed a corporate agency agreement with Cholamandalam MS General Insurance Company for distribution of its insurance products to bank customers?
A.	Canara Bank
B.	SBI
C.	Union Bank of India
D.	Indian Bank
E.	Bank of Baroda
Answer» E. Bank of Baroda

Discussion

818.	India’s processed food products exports have witnessed a growth of over how much per cent from April to February in the last financial year (2020-2021)?
A.	18
B.	22
C.	26
D.	30
E.	34
Answer» D. 30

Discussion

819.	In May 2020, Nirmala Sitharaman has announced an amendment to the Essential Commodities Act. The amendment will be largely towards de-regulating which of the following crops?
A.	Potatoes
B.	Cereals
C.	Onions
D.	Both 1 and 2
E.	All 1, 2 and 3
Answer» F.

Discussion

820.	In July 2020, the Ministry of Finance has released an amount of over 15,187 crore rupees as grants-in-aid to how many Rural Local Bodies (RLBs) spread in 28 States of the country?
A.	1.76 lakh
B.	2.15 lakh
C.	2.63 lakh
D.	3.12 lakh
E.	3.78 lakh
Answer» D. 3.12 lakh

Discussion

821.	In December 2020, France's data privacy watchdog has fined Google how many million euros for breaching the country's rules on advertising cookies?
A.	40
B.	60
C.	80
D.	100
E.	120
Answer» E. 120

Discussion

822.	In May 2021, which of the following banks has announced three types of loan schemes for healthcare credit, business, and personal loans for its customers to provide relief amid the coronavirus pandemic?
A.	Bank of Baroda
B.	Canara Bank
C.	Union Bank of India
D.	Syndicate Bank
E.	Corporation Bank
Answer» C. Union Bank of India

Discussion

823.	In August 2020, RBI has approved a dividend of ₹57,128 crores to the government. The Board decided to maintain the Contingency Risk Buffer at _________ percent?
A.	4.5
B.	5.0
C.	5.5
D.	6.0
E.	6.5
Answer» D. 6.0

Discussion

824.	Economic Survey 2019-20 has projected economic growth at what percent in the next fiscal?
A.	5 to 5.5
B.	5.5 to 6
C.	6 to 6.5
D.	6.5 to 7
E.	7 to 7.5
Answer» D. 6.5 to 7

Discussion

825.	Insurance regulator IRDAI has constituted a six-member working group to examine various aspects for allowing life insurance companies to offer index-linked products. Who will be the head of the working group?
A.	Prateek Nayak
B.	Dinesh Pant
C.	Rajneesh Singh
D.	Rajiv Kumar
E.	Prashant Dubey
Answer» C. Rajneesh Singh

Discussion

826.	MyHealthcare, a digital integrated healthcare ecosystem has raised ________ million from Sixth Sense Ventures.
A.	$5
B.	$3
C.	$4
D.	$6
E.	$7
Answer» C. $4

Discussion

827.	In January 2021, which of the following has set up a panel of experts to examine the availability of health insurance products in the country?
A.	RBI
B.	SEBI
C.	IRDAI
D.	SIDBI
E.	NABARD
Answer» D. SIDBI

Discussion

828.	Caladium Investments, an affiliate of Singapore’s GIC, has increased its stake in Bandhan Bank to how much per cent as on March 31, 2020?
A.	4.13
B.	4.49
C.	5.35
D.	5.91
E.	6.17
Answer» C. 5.35

Discussion

829.	Consider the following statements about the use of behavioral parameters by GSTN to enhance voluntary compliance with reference to GST (Goods and Service Tax)1. The GST rules provide for the electronic generation of e-way bill for transportation of goods above a certain threshold of value of the goods being transported.2. Return filing status of a GSTIN is visible in the public domain on the GST portal.Which of the statements given above is/are correct?
A.	1 only
B.	Both 1 and 2
C.	2 only
D.	Neither 1 nor 2
Answer» C. 2 only

Discussion

830.	In June 2021, the Central Board of Indirect Taxes and Customs (CBIC) has reduced tariff value for the import of edible oil by up to how many dollars per tonne?
A.	100
B.	108
C.	112
D.	122
E.	130
Answer» D. 122

Discussion

831.	AT&T Inc. has agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network. Who will lead the new entity?
A.	Jensen Huang
B.	David Zaslav
C.	Tim Cook
D.	Arvind Krishna
E.	Mike Bloomberg
Answer» C. Tim Cook

Discussion

832.	ICICI Bank has divested 18,000,000 equity shares of the face value of how many rupees each of ICICI Lombard General Insurance Company Ltd.?
A.	5
B.	10
C.	15
D.	20
E.	25
Answer» C. 15

Discussion

833.	In January 2019, the Finance Ministry asked the Public Sector banks to gradually reduce the Government's equity to _______ per cent.
A.	37
B.	45
C.	52
D.	63
Answer» D. 63

Discussion

834.	National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 795 crores for reconstructing infrastructure damaged by cyclone Amphan in which state?
A.	Odisha
B.	West Bengal
C.	Tamil Nadu
D.	Telangana
E.	Andhra Pradesh
Answer» C. Tamil Nadu

Discussion

835.	International Seminar on Climate Smart Farming Systems for BIMSTEC was held in which of the following cities in December 2019?
A.	Bengaluru
B.	Hyderabad
C.	Mumbai
D.	New Delhi
Answer» E.

Discussion

836.	In February 2021, which of the following has launched a Cisco Business Unit?
A.	ITC Limited
B.	Infosys
C.	Wipro
D.	HCL Technologies
E.	Deloitte
Answer» D. HCL Technologies

Discussion

837.	As per the Ministry of Finance, revenue from direct tax grew by ________% to Rs 7.43 lakh crore in the first nine months of the current financial year 2018-19 (April-March).
A.	11.4
B.	12.8
C.	13.6
D.	14.2
E.	15.6
Answer» D. 14.2

Discussion

838.	In March 2020, SBI Cards and Payment Services raised how many crore rupees from 74 anchor investors, ahead of its initial share sale?
A.	2,190
B.	2,457
C.	2,769
D.	2,939
E.	3,027
Answer» D. 2,939

Discussion

839.	Foreign investors pumped in over how many rupees (in crores) into the Indian capital markets by mid-November 2020?
A.	34,200
B.	34,900
C.	35,100
D.	35,800
E.	36,500
Answer» D. 35,800

Discussion

840.	If one more baker is hired the output of a bakery will increase from 1250 breads to 1400 breads per day, but then the bakery will have to reduce the price of the bread from Rs 15 to Rs 14 per unit to sell the additional output, the marginal revenue product of the last baker is ________.
A.	Rs 850
B.	Rs 150
C.	Rs 1960
D.	Rs 1875
Answer» B. Rs 150

Discussion

841.	As a special dispensation, the Centre has released in advance over how many crore rupees for State Disaster Response Fund (SDRF) to all the states?
A.	8230
B.	8564
C.	8873
D.	9023
E.	9209
Answer» D. 9023

Discussion

842.	In July 2020, which of the following has announced to launch an open-ended index exchange-traded fund tracking Nifty Alpha Low Volatility 30 Index?
A.	SBI Mutual Fund
B.	Canara Robeco Mutual Fund
C.	DSP Mutual Fund
D.	ICICI Prudential Mutual Fund
E.	HDFC Mutual Fund
Answer» E. HDFC Mutual Fund

Discussion

843.	In March 2020, the government has imposed a withdrawal limit of 50,000 rupees for depositors of which bank for one month?
A.	ICICI Bank
B.	HDFC Bank
C.	Yes Bank
D.	SBI
E.	PNB
Answer» D. SBI

Discussion

844.	India’s drug pricing regulator has allowed pharmaceutical companies to increase the ceiling price of essential medicine heparin by how much per cent until December 31, 2020?
A.	35
B.	40
C.	45
D.	50
E.	55
Answer» E. 55

Discussion

845.	India imports maximum gold from which country?
A.	Switzerland
B.	UAE
C.	South Africa
D.	Brazil
Answer» B. UAE

Discussion

846.	J&K Industries Limited has launched procurement of Cocoons in the ongoing Cocoon auction being conducted by the Sericulture Department in the Kashmir division. It would be procuring how much kg of cocoons worth Rs. 4 crores?
A.	30000
B.	35000
C.	40000
D.	50000
E.	45000
Answer» E. 45000

Discussion

847.	As per a statement released by the Government, insurance cover of how many lakhs will be provided for 3 months for COVID-19 warriors who are exposing themselves to the virus?
A.	20
B.	30
C.	40
D.	50
E.	60
Answer» E. 60

Discussion

848.	On 2 January 2018, Parliament passed NABARD (Amendment) Bill, 2017 which seeks to transfer share capital held by ______ to Union Government.
A.	SEBI
B.	RBI
C.	IRDAI
D.	TRAI
Answer» C. IRDAI

Discussion

849.	Delhi government will provide financial assistance worth Rs ________ each to all auto-rickshaw, Gramin-sewa, E-rickshaw and taxi drivers in wake of difficulties faced by them amid lockdown situations.
A.	2,000
B.	3,000
C.	4,000
D.	5,000
E.	6,000
Answer» E. 6,000

Discussion

850.	As per the latest trade agreement in Bali Ministerial Conference of WTO, India and other developing and underdeveloped countries can launch food security programmes:
A.	forever without any penalty under WTO rules
B.	till an alternative mechanism is developed
C.	for four calendar years
D.	only if subsidy component under such programmes is less than 10 per cent
Answer» C. for four calendar years

Discussion

Explore topic-wise MCQs in Current Affairs.

In January 2020, the RBI has cancelled the Certificate of Authorisation (CoA) of which of the following digital payment wallets?

According to data from IRDAI, Non-life insurance firms registered a rise of ________% in their collective premium income to Rs 1.70 lakh crore in March 2019.

In September 2020, Union Finance Ministry has granted permission to raise additional financial resources of Rs. 9,913 crore to how many states through Open Market Borrowings?

In May 2021, the Reserve Bank of India had imposed a penalty of Rs 1 lakh on which of the following Banks for violation of certain directions under the Supervisory Action Framework?

Banks and financial institutions have sanctioned about how many rupees to over 28 crore beneficiaries under the Mudra scheme in the last six years?

IRDAI has issued a circular allowing health and general insurance companies to offer which Policy for a minimum sum insured of Rs 50,000 and maximum sum insured above Rs 5 lakh?

In February 2020, Insurance cover on bank deposits has been increased to ________ lakh rupees from one lakh rupees.

Larsen & Toubro's power transmission and distribution business has won orders to design and construct two substations in which city in UAE?

In December 2019, the Centre released the GST compensation of how many crores to States and Union Territories?

Ministry of Chemical and Fertilizers has accorded approvals to how many applicants under Production Linked Incentive Scheme?

Guidance, the nodal agency of the Tamil Nadu government for investment promotion, has inked an MoU with which of the following to work on a broad objective of economic recovery and growth monitoring?

‘An Enquiry into the Nature and Cause of the Wealth of Nations’ is an influential work by economist ______.

In July 2020, Reliance Industries has overtaken which of the following to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore?

In February 2021, which of the following has announced an investment in OneLife brand owner, OneLife Nutriscience?

Infra.Market has raised how many dollars (in million) in a growth round led by Tiger Global, valuing the procurement marketplace for construction materials at $1 billion?

By using ‘RuPay SoftPoS’, the merchant would be able to accept contactless payments of up to how many rupees?

In August 2019, which bank signed a corporate agency agreement with Cholamandalam MS General Insurance Company for distribution of its insurance products to bank customers?

India’s processed food products exports have witnessed a growth of over how much per cent from April to February in the last financial year (2020-2021)?

In May 2020, Nirmala Sitharaman has announced an amendment to the Essential Commodities Act. The amendment will be largely towards de-regulating which of the following crops?

In July 2020, the Ministry of Finance has released an amount of over 15,187 crore rupees as grants-in-aid to how many Rural Local Bodies (RLBs) spread in 28 States of the country?

In December 2020, France's data privacy watchdog has fined Google how many million euros for breaching the country's rules on advertising cookies?

In May 2021, which of the following banks has announced three types of loan schemes for healthcare credit, business, and personal loans for its customers to provide relief amid the coronavirus pandemic?

In August 2020, RBI has approved a dividend of ₹57,128 crores to the government. The Board decided to maintain the Contingency Risk Buffer at _________ percent?

Economic Survey 2019-20 has projected economic growth at what percent in the next fiscal?

Insurance regulator IRDAI has constituted a six-member working group to examine various aspects for allowing life insurance companies to offer index-linked products. Who will be the head of the working group?

MyHealthcare, a digital integrated healthcare ecosystem has raised ________ million from Sixth Sense Ventures.

In January 2021, which of the following has set up a panel of experts to examine the availability of health insurance products in the country?

Caladium Investments, an affiliate of Singapore’s GIC, has increased its stake in Bandhan Bank to how much per cent as on March 31, 2020?

In June 2021, the Central Board of Indirect Taxes and Customs (CBIC) has reduced tariff value for the import of edible oil by up to how many dollars per tonne?

AT&T Inc. has agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network. Who will lead the new entity?

ICICI Bank has divested 18,000,000 equity shares of the face value of how many rupees each of ICICI Lombard General Insurance Company Ltd.?

In January 2019, the Finance Ministry asked the Public Sector banks to gradually reduce the Government's equity to _______ per cent.

National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 795 crores for reconstructing infrastructure damaged by cyclone Amphan in which state?

International Seminar on Climate Smart Farming Systems for BIMSTEC was held in which of the following cities in December 2019?

In February 2021, which of the following has launched a Cisco Business Unit?

As per the Ministry of Finance, revenue from direct tax grew by ________% to Rs 7.43 lakh crore in the first nine months of the current financial year 2018-19 (April-March).

In March 2020, SBI Cards and Payment Services raised how many crore rupees from 74 anchor investors, ahead of its initial share sale?

Foreign investors pumped in over how many rupees (in crores) into the Indian capital markets by mid-November 2020?

If one more baker is hired the output of a bakery will increase from 1250 breads to 1400 breads per day, but then the bakery will have to reduce the price of the bread from Rs 15 to Rs 14 per unit to sell the additional output, the marginal revenue product of the last baker is ________.

As a special dispensation, the Centre has released in advance over how many crore rupees for State Disaster Response Fund (SDRF) to all the states?

In July 2020, which of the following has announced to launch an open-ended index exchange-traded fund tracking Nifty Alpha Low Volatility 30 Index?

In March 2020, the government has imposed a withdrawal limit of 50,000 rupees for depositors of which bank for one month?

India’s drug pricing regulator has allowed pharmaceutical companies to increase the ceiling price of essential medicine heparin by how much per cent until December 31, 2020?

India imports maximum gold from which country?

J&K Industries Limited has launched procurement of Cocoons in the ongoing Cocoon auction being conducted by the Sericulture Department in the Kashmir division. It would be procuring how much kg of cocoons worth Rs. 4 crores?

As per a statement released by the Government, insurance cover of how many lakhs will be provided for 3 months for COVID-19 warriors who are exposing themselves to the virus?

On 2 January 2018, Parliament passed NABARD (Amendment) Bill, 2017 which seeks to transfer share capital held by ______ to Union Government.

Delhi government will provide financial assistance worth Rs ________ each to all auto-rickshaw, Gramin-sewa, E-rickshaw and taxi drivers in wake of difficulties faced by them amid lockdown situations.

As per the latest trade agreement in Bali Ministerial Conference of WTO, India and other developing and underdeveloped countries can launch food security programmes: