Given below are two statements, one labelled as the Assertion (A) and other as Reason (R).Assertion (A): Under Operation Twist, RBI simultaneously sells short term securities and buy long term securities.Reason (R) : The main objective of this operation is to promote long term investment.Select the correct answer from the codes given below.Codes:

Both (A) and (R) are true and (R) is not the correct explanation of (A)

Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true and (R) is not the correct explanation of (A)

In January 2020, which of the following committees met in New Delhi and recommended that Budget session to be convened in two phases?

Cabinet Committee on Employment and Skill Development

Cabinet Committee on Economic Affairs

Cabinet Committee on Political Affairs

Cabinet Committee on Investment and Growth

Cabinet Committee on Parliamentary Affairs

Cabinet Committee on Employment and Skill Development

1205 + Mcqs in Business and Economy in Current Affairs Page 21 McqOptions

1001.	In Nov 2020, in which state Kalyan Developers, a division of Kalyan Jewellers has launched 3 luxury apartment projects?
A.	Tamil Nadu
B.	Karnataka
C.	Kerala
D.	Andhra Pradesh
E.	Telangana
Answer» D. Andhra Pradesh

Discussion

1002.	On 5 March 2017, who launched an artiﬁcial intelligence – driven chatbot named ‘EVA (Electronic Virtual Assistant)’ for customer services?
A.	ICICI Bank
B.	State Bank of India
C.	HDFC Bank
D.	Bank of Baroda
Answer» D. Bank of Baroda

Discussion

1003.	India aims for 100 million tonnes (MT) coal gasification by which year with investments worth over Rs. 4 lakh crores?
A.	2025
B.	2027
C.	2030
D.	2035
E.	2040
Answer» D. 2035

Discussion

1004.	India's power consumption grew at a three-month high rate of how much per cent at 111.43 billion units (BU) in January 2021?
A.	8.6
B.	9.0
C.	9.8
D.	10.2
E.	10.8
Answer» E. 10.8

Discussion

1005.	India's top gas importer Petronet LNG will invest how many billion rupees over five years to expand infrastructure as well as business?
A.	158
B.	162
C.	174
D.	187
E.	195
Answer» E. 195

Discussion

1006.	In March 2021, the Reserve Bank of India will purchase how many government securities of different maturity dates aggregating to Rs 20,000 crore?
A.	2
B.	3
C.	4
D.	5
E.	6
Answer» D. 5

Discussion

1007.	In May 2020, Prime Minister Narendra Modi has announced a special economic package worth ________ lakh crore rupees for a self-reliant India.
A.	5
B.	10
C.	15
D.	20
E.	25
Answer» E. 25

Discussion

1008.	In May 2021, Life Insurance Corporation of India's shareholding has risen by over 5 per cent in which bank with the acquisition of nearly 2 per cent additional stake in the bank?
A.	Bank of Baroda
B.	Union Bank of India
C.	Andhra Bank
D.	IDBI Bank
E.	IndusInd Bank
Answer» C. Andhra Bank

Discussion

1009.	In June 2020, the Ministry of DoNER has decided to sanction how many rupees (in crores) for augmentation of the healthcare facility in the eight North Eastern States?
A.	170
B.	190
C.	230
D.	250
E.	270
Answer» C. 230

Discussion

1010.	In February 2020, which of the following has become the top company in Asia to raise the largest syndicated Japanese yen loan worth USD 750 million (around Rs. 5,367 crore)?
A.	ONGC
B.	GAIL
C.	SAIL
D.	NTPC
E.	Coal India
Answer» E. Coal India

Discussion

1011.	In Nov 2020, a bid of how many crores has been approved by NCLT to acquire debt-ridden NIIL Infrastructures?
A.	Rs 100 cr
B.	Rs 105 cr
C.	Rs 150 cr
D.	Rs 103 cr
E.	Rs 110 cr
Answer» E. Rs 110 cr

Discussion

1012.	In March 2020, Bank of India has reduced the lending rate linked to external benchmark by 75 basis points, to how much per cent, effective Apr 1, 2020?
A.	6.75
B.	7.00
C.	7.25
D.	7.50
E.	7.75
Answer» D. 7.50

Discussion

1013.	How many NBFCs, including Reliance Net and Nischaya Finvest Private Limited, have surrendered their certificate of registration, in May 2020?
A.	6
B.	7
C.	8
D.	9
E.	10
Answer» E. 10

Discussion

1014.	In June 2021, Edelweiss Retail Finance Ltd announced the strengthening of its co-lending partnership with which bank for priority sector lending to micro, small and medium enterprises (MSMEs)?
A.	Central Bank of India
B.	Union Bank of India
C.	Punjab National Bank
D.	Indian Bank
E.	United Bank of India
Answer» B. Union Bank of India

Discussion

1015.	Infrastructure investment trust IndiGrid's unitholders have approved induction of global investment firm KKR's associate Esoteric II as a sponsor. Who is the CEO of KKR India?
A.	Mohammad Yousef
B.	Sanjay Nayar
C.	C. P. Gurnani
D.	Sunil Nayyer
E.	Vijay Shekhar Sharma
Answer» C. C. P. Gurnani

Discussion

1016.	Hewlett-Packard (HP) has manufactured which of the following laptops using ocean-bound plastics?
A.	Pavillion 13
B.	Pavilion 14
C.	Pavilion 15
D.	Both 1 and 2
E.	All 1, 2 and 3
Answer» F.

Discussion

1017.	In December 2020, which of the following has divested one-third of its holdings for about $10 million in Boston-based startup Whoop Inc?
A.	Wipro
B.	HCL Technologies
C.	Infosys Ltd
D.	Accenture
E.	Reliance Industries
Answer» D. Accenture

Discussion

1018.	In January 2021, the Department of Expenditure of the Ministry of Finance has released an amount of over Rs 12,351 crores to how many States for providing grants to the Rural Local Bodies?
A.	12
B.	14
C.	16
D.	18
E.	20
Answer» E. 20

Discussion

1019.	In October 2020, RBI fined which bank Rs 4.50 crore for non-compliance with predestined provisions relating to exposure norms, prudential norms on income recognition, asset classification and provisioning about advances?
A.	Kotak Mahindra Bank
B.	IndusInd Bank
C.	IDFC FIRST Bank
D.	Punjab National Bank
E.	Bank of India
Answer» C. IDFC FIRST Bank

Discussion

1020.	Bajaj Allianz General Insurance has launched a Criti-Care critical illness policy. People of 18 to how many years are eligible for the policy?
A.	50
B.	55
C.	60
D.	65
E.	70
Answer» E. 70

Discussion

1021.	In November 2020, the RBI has announced the names of how many startups that have been selected as a part of its regulatory sandbox programme?
A.	2
B.	3
C.	4
D.	5
E.	6
Answer» B. 3

Discussion

1022.	According to the first revised estimates of GDP, the Indian economy grew at 7.2% in 2017-18, as compared to earlier estimates of ________%.
A.	6.3
B.	6.5
C.	6.7
D.	6.9
E.	7.1
Answer» D. 6.9

Discussion

1023.	For ease of taxpayers, now the system will auto-populate GSTR-3B (monthly) on the basis of details filed in GSTR-1 and auto-drafted ITC statement GSTR-2B from which month tax period onwards?
A.	October 2020
B.	November 2020
C.	December 2020
D.	January 2020
E.	February 2020
Answer» C. December 2020

Discussion

1024.	In April 2020, which of the following has agreed to buy 5 solar assets of 317 MW from the cash strapped Shapoorji Pallonji Group for $200 million?
A.	BlackRock
B.	Fidelity
C.	UBS Group
D.	KKR
E.	JPMorgan Chase
Answer» E. JPMorgan Chase

Discussion

1025.	O2 Power is acquiring how much per cent stake in Hero Future Energies Pvt. Ltd’s special purpose vehicle (SPV)--Clean Solar Power Bhainsada, which is setting up a 250 megawatt (MW) solar capacity in Rajasthan?
A.	37
B.	41
C.	44
D.	49
E.	53
Answer» E. 53

Discussion

1026.	In June 2020, which bank has relaunched its Aadhaar-based instant digital savings account facility for customers who want to open an online account using the Yono platform?
A.	HDFC
B.	SBI
C.	Yes Bank
D.	ICICI Bank
E.	PNB
Answer» C. Yes Bank

Discussion

1027.	Given below are two statements, one labelled as the Assertion (A) and other as Reason (R).Assertion (A): Under Operation Twist, RBI simultaneously sells short term securities and buy long term securities.Reason (R) : The main objective of this operation is to promote long term investment.Select the correct answer from the codes given below.Codes:
A.	Both (A) and (R) are true and (R) is the correct explanation of (A)
B.	Both (A) and (R) are true and (R) is not the correct explanation of (A)
C.	(A) is true but (R) is false
D.	(A) is false but (R) is true
Answer» B. Both (A) and (R) are true and (R) is not the correct explanation of (A)

Discussion

1028.	L&T Technology Services, the engineering services arm of Larsen and Toubro Group. informed that it will acquire a 100 % stake in which Texas-based company?
A.	PCL Construction
B.	Bechtel Group Inc
C.	Orchestra Technology
D.	Turner Construction
Answer» D. Turner Construction

Discussion

1029.	In September 2020, which of the following has reviewed the Priority Sector Lending (PSL) Guidelines?
A.	RBI
B.	NABARD
C.	SEBI
D.	IRDAI
E.	NHB
Answer» B. NABARD

Discussion

1030.	In June 2021, which of the following IT firms touched the ₹3 lakh crore mark in market capitalisation (market cap) for the first time in its history?
A.	HCL Technologies
B.	Wipro
C.	Accenture
D.	Tech Mahindra
E.	Cognizant
Answer» C. Accenture

Discussion

1031.	In October 2020, which bank has shut down operations in Sri Lanka after getting approval from the Sri Lankan monetary authority?
A.	PNB
B.	Yes Bank
C.	SBI
D.	ICICI Bank
E.	HDFC Bank
Answer» E. HDFC Bank

Discussion

1032.	Larsen & Toubro (L&T) Construction has secured a deal from Oilfields Supply Company Saudi owned by the Dubai-based Oilfields Supply Center in which city of Saudi Arabia?
A.	Riyadh
B.	Dammam
C.	Jeddah
D.	Mecca
E.	Tabuk
Answer» C. Jeddah

Discussion

1033.	Caplin Steriles signs an agreement with JAMP Pharma Group for how many injectable products in Canada?
A.	4
B.	5
C.	6
D.	7
E.	8
Answer» D. 7

Discussion

1034.	Bangladesh's Beximco Pharmaceuticals is investing in which of the following to ensure Dhaka gets priority access to COVID-19 vaccines being developed by the Indian drug manufacturer?
A.	Bharat Biotech
B.	Serum Institute of India
C.	Shantha Biotechnics
D.	Lupin Limited
E.	Jubilant Life Sciences
Answer» C. Shantha Biotechnics

Discussion

1035.	Adani Enterprises has won a ₹1169.10 crore highway project in which state from the National Highways Authority of India (NHAI)?
A.	Chhattisgarh
B.	Odisha
C.	West Bengal
D.	Assam
E.	Jharkhand
Answer» C. West Bengal

Discussion

1036.	In January 2020, which of the following committees met in New Delhi and recommended that Budget session to be convened in two phases?
A.	Cabinet Committee on Economic Affairs
B.	Cabinet Committee on Political Affairs
C.	Cabinet Committee on Investment and Growth
D.	Cabinet Committee on Parliamentary Affairs
E.	Cabinet Committee on Employment and Skill Development
Answer» E. Cabinet Committee on Employment and Skill Development

Discussion

1037.	In December 2020, which bank has successfully raised ₹2,000 cr equity capital by issuing over 19 crores shares to eligible investors?
A.	HDFC Bank
B.	Bank of Baroda
C.	Canara Bank
D.	Bank of India
E.	Corporation Bank
Answer» D. Bank of India

Discussion

1038.	In June 2020, Export-Import Bank of India has extended a line of credit (LOC) of USD 20.10 million to which country for the reconstruction of Aldo Chavarria Hospital?
A.	Guatemala
B.	Nicaragua
C.	El Salvador
D.	Honduras
E.	Costa Rica
Answer» C. El Salvador

Discussion

1039.	Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by ________.
A.	February 29, 2020
B.	March 15, 2020
C.	March 31, 2020
D.	April 15, 2020
E.	April 31, 2020
Answer» D. April 15, 2020

Discussion

1040.	Infosys has reported much much per cent, year-on-year, rise in consolidated net profit at Rs 5,215 crore, for the third quarter of this fiscal?
A.	15.2
B.	15.6
C.	16.2
D.	16.8
E.	17.6
Answer» E. 17.6

Discussion

1041.	Exports during April-February of the FY 2020-21 dipped by how much per cent to 292.91 billion dollars?
A.	1.0
B.	1.3
C.	1.5
D.	1.8
E.	2.0
Answer» D. 1.8

Discussion

1042.	In June 2021, which of the following has issued the guidelines for calculating mandatory liquid holdings in debt mutual funds?
A.	RBI
B.	SIDBI
C.	SEBI
D.	NABARD
E.	IRDAI
Answer» D. NABARD

Discussion

1043.	In May 2020, with which bank did Maruti Suzuki India (MSI) join hands to offer retail financing schemes to its customers?
A.	PNB
B.	Axis Bank
C.	SBI
D.	ICICI Bank
E.	HDFC Bank
Answer» E. HDFC Bank

Discussion

1044.	In June 2021, which of the following has expanded its vehicle subscription services to 4 more cities - Jaipur, Indore, Mangalore, and Mysore, taking the total number to 19 cities?
A.	Maruti Suzuki
B.	Tata Motors
C.	Mahindra & Mahindra
D.	Hyundai Motor India Limited
E.	Ford India Private Limited
Answer» B. Tata Motors

Discussion

1045.	Jio Platforms will raise Rs 4,546.80 crore from which of the following against 0.93% stake sale to the private equity giant?
A.	LGP
B.	TPG
C.	KKR
D.	Blackstone Group
E.	General Atlantic
Answer» C. KKR

Discussion

1046.	According to NASSCOM, the Indian IT industry revenues are set to grow by how much percent to USD 194 billion in FY2020-21?
A.	2.1
B.	2.3
C.	2.5
D.	2.7
E.	2.9
Answer» C. 2.5

Discussion

1047.	On which bank has the Reserve Bank imposed a penalty of ₹50 lakh in August 2019 for non-compliance relating to reporting of frauds?
A.	Yes Bank
B.	SBI
C.	HDFC
D.	ICICI
E.	Axis Bank
Answer» C. HDFC

Discussion

1048.	Consider the following statements with reference to indirect taxes in Budget 2020.1. Custom duty was raised on footwear from 25% to 35% and on furniture goods from 20% to 25%.2. Basic customs duty on imports of newsprint and light-weighted coated paper was reduced from 10% to 5%.Which of these statements given above is/are correct?
A.	Only 2
B.	Only 1
C.	Neither 1 nor 2
D.	Both 1 and 2
Answer» E.

Discussion

1049.	In July 2019, Unicorn India Ventures has launched a ₹________ crore fund, its third venture capital fund, to back companies at the pre-Series A and Series A stage.
A.	100
B.	200
C.	300
D.	400
E.	500
Answer» E. 500

Discussion

1050.	Kotak Mahindra Bank will handle the salary account of the Indian Army personnel. Where is Kotak Mahindra Bank headquartered?
A.	Pune
B.	Chennai
C.	Mumbai
D.	Delhi
E.	Kolkata
Answer» D. Delhi

Discussion

Explore topic-wise MCQs in Current Affairs.

In Nov 2020, in which state Kalyan Developers, a division of Kalyan Jewellers has launched 3 luxury apartment projects?

On 5 March 2017, who launched an artiﬁcial intelligence – driven chatbot named ‘EVA (Electronic Virtual Assistant)’ for customer services?

India aims for 100 million tonnes (MT) coal gasification by which year with investments worth over Rs. 4 lakh crores?

India's power consumption grew at a three-month high rate of how much per cent at 111.43 billion units (BU) in January 2021?

India's top gas importer Petronet LNG will invest how many billion rupees over five years to expand infrastructure as well as business?

In March 2021, the Reserve Bank of India will purchase how many government securities of different maturity dates aggregating to Rs 20,000 crore?

In May 2020, Prime Minister Narendra Modi has announced a special economic package worth ________ lakh crore rupees for a self-reliant India.

In May 2021, Life Insurance Corporation of India's shareholding has risen by over 5 per cent in which bank with the acquisition of nearly 2 per cent additional stake in the bank?

In June 2020, the Ministry of DoNER has decided to sanction how many rupees (in crores) for augmentation of the healthcare facility in the eight North Eastern States?

In February 2020, which of the following has become the top company in Asia to raise the largest syndicated Japanese yen loan worth USD 750 million (around Rs. 5,367 crore)?

In Nov 2020, a bid of how many crores has been approved by NCLT to acquire debt-ridden NIIL Infrastructures?

In March 2020, Bank of India has reduced the lending rate linked to external benchmark by 75 basis points, to how much per cent, effective Apr 1, 2020?

How many NBFCs, including Reliance Net and Nischaya Finvest Private Limited, have surrendered their certificate of registration, in May 2020?

In June 2021, Edelweiss Retail Finance Ltd announced the strengthening of its co-lending partnership with which bank for priority sector lending to micro, small and medium enterprises (MSMEs)?

Infrastructure investment trust IndiGrid's unitholders have approved induction of global investment firm KKR's associate Esoteric II as a sponsor. Who is the CEO of KKR India?

Hewlett-Packard (HP) has manufactured which of the following laptops using ocean-bound plastics?

In December 2020, which of the following has divested one-third of its holdings for about $10 million in Boston-based startup Whoop Inc?

In January 2021, the Department of Expenditure of the Ministry of Finance has released an amount of over Rs 12,351 crores to how many States for providing grants to the Rural Local Bodies?

In October 2020, RBI fined which bank Rs 4.50 crore for non-compliance with predestined provisions relating to exposure norms, prudential norms on income recognition, asset classification and provisioning about advances?

Bajaj Allianz General Insurance has launched a Criti-Care critical illness policy. People of 18 to how many years are eligible for the policy?

In November 2020, the RBI has announced the names of how many startups that have been selected as a part of its regulatory sandbox programme?

According to the first revised estimates of GDP, the Indian economy grew at 7.2% in 2017-18, as compared to earlier estimates of ________%.

For ease of taxpayers, now the system will auto-populate GSTR-3B (monthly) on the basis of details filed in GSTR-1 and auto-drafted ITC statement GSTR-2B from which month tax period onwards?

In April 2020, which of the following has agreed to buy 5 solar assets of 317 MW from the cash strapped Shapoorji Pallonji Group for $200 million?

O2 Power is acquiring how much per cent stake in Hero Future Energies Pvt. Ltd’s special purpose vehicle (SPV)--Clean Solar Power Bhainsada, which is setting up a 250 megawatt (MW) solar capacity in Rajasthan?

In June 2020, which bank has relaunched its Aadhaar-based instant digital savings account facility for customers who want to open an online account using the Yono platform?

L&T Technology Services, the engineering services arm of Larsen and Toubro Group. informed that it will acquire a 100 % stake in which Texas-based company?

In September 2020, which of the following has reviewed the Priority Sector Lending (PSL) Guidelines?

In June 2021, which of the following IT firms touched the ₹3 lakh crore mark in market capitalisation (market cap) for the first time in its history?

In October 2020, which bank has shut down operations in Sri Lanka after getting approval from the Sri Lankan monetary authority?

Larsen & Toubro (L&T) Construction has secured a deal from Oilfields Supply Company Saudi owned by the Dubai-based Oilfields Supply Center in which city of Saudi Arabia?

Caplin Steriles signs an agreement with JAMP Pharma Group for how many injectable products in Canada?

Bangladesh's Beximco Pharmaceuticals is investing in which of the following to ensure Dhaka gets priority access to COVID-19 vaccines being developed by the Indian drug manufacturer?

Adani Enterprises has won a ₹1169.10 crore highway project in which state from the National Highways Authority of India (NHAI)?

In January 2020, which of the following committees met in New Delhi and recommended that Budget session to be convened in two phases?

In December 2020, which bank has successfully raised ₹2,000 cr equity capital by issuing over 19 crores shares to eligible investors?

In June 2020, Export-Import Bank of India has extended a line of credit (LOC) of USD 20.10 million to which country for the reconstruction of Aldo Chavarria Hospital?

Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by ________.

Infosys has reported much much per cent, year-on-year, rise in consolidated net profit at Rs 5,215 crore, for the third quarter of this fiscal?

Exports during April-February of the FY 2020-21 dipped by how much per cent to 292.91 billion dollars?

In June 2021, which of the following has issued the guidelines for calculating mandatory liquid holdings in debt mutual funds?

In May 2020, with which bank did Maruti Suzuki India (MSI) join hands to offer retail financing schemes to its customers?

In June 2021, which of the following has expanded its vehicle subscription services to 4 more cities - Jaipur, Indore, Mangalore, and Mysore, taking the total number to 19 cities?

Jio Platforms will raise Rs 4,546.80 crore from which of the following against 0.93% stake sale to the private equity giant?

According to NASSCOM, the Indian IT industry revenues are set to grow by how much percent to USD 194 billion in FY2020-21?

On which bank has the Reserve Bank imposed a penalty of ₹50 lakh in August 2019 for non-compliance relating to reporting of frauds?

In July 2019, Unicorn India Ventures has launched a ₹________ crore fund, its third venture capital fund, to back companies at the pre-Series A and Series A stage.

Kotak Mahindra Bank will handle the salary account of the Indian Army personnel. Where is Kotak Mahindra Bank headquartered?