1. Consider the following statements regarding the National Asset Reconstruction Company Ltd. (NARCL):
- Public Sector Banks (PSBs) will maintain 49% ownership in NARCL.
- NARCL is an asset reconstruction company established to resolve stressed assets in the Indian banking sector.
Which of the statements given above is/are correct?
[A] Only 2
[B] Only 1
[C] Both 1 and 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: A [Only 2]
Notes:
Statement 1 is incorrect because PSBs will maintain a 51% ownership in NARCL, not 49%. Statement 2 is correct, as NARCL is an asset reconstruction company set up to acquire and resolve large stressed assets from banks under India’s new ‘bad bank’ structure.
2. Which of the following statements about Organization of Islamic Cooperation is/are correct?
- It has permanent delegations to the United Nations and the European Union.
- India has an observer status in the organization.
- Its permanent secretariat is in UAE.
Choose the correct answer using the codes given below:
[A] Only 1
[B] Only 3
[C] Only 1 & 2
[D] 1, 2 & 3
Show Answer
Correct Answer: A [Only 1]
Notes:- Organization of Islamic Cooperation is an international organization founded in 1969. It has 57 member states. Its permanent secretariat is in Jeddah, Saudi Arabia.
- It is the second largest inter-governmental organization after the United Nations.
- The organisation states that it is “the collective voice of the Muslim world” and works to “safeguard and protect the interests of the Muslim world in the spirit of promoting international peace and harmony “.
- The OIC has permanent delegations to the United Nations and the European Union.
3. In India, the first-ever EV scooter, the Vida V1, was introduced. Which of the following companies manufactures the Vida V1 scooter?
[A] TVS Motor Company
[B] Honda Motor Company
[C] Hero MotoCorp Company
[D] Bajaj Automobile Company
Show Answer
Correct Answer: C [Hero MotoCorp Company]
Notes:
Hero Motocorp, the biggest producer of two-wheelers in India, has entered the market for electric vehicles with the debut of a new two-wheeler called the Hero Vida V1, which bears the name of the company’s flagship product.
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