1. According to the UNCTAD Global Investment Trends Monitor, how much global FDI will flow in 2021?
[A] USD 1.54 trillion
[B] USD 1.52 trillion
[C] USD 1.65 trillion
[D] USD 1.58 trillion
Show Answer
Correct Answer: C [USD 1.65 trillion]
Notes:
According to the UN Conference on Trade and Development (UNCTAD) Investment Trends Monitor, foreign direct investment (FDI) flows to India declined by 26% in 2021 compared to 2020. FDI to India was valued at USD 64 billion in 2020. This was a 27% increase over the USD 51 billion in FDI in 2019.
2. The Government of India plans to establish the National Land Monetization Corporation (NLMC), with an initial authorized share capital of ?
[A] Rs 3000 crores
[B] Rs 7000 crores
[C] Rs 6000 crores
[D] Rs 5000 crores
Show Answer
Correct Answer: D [Rs 5000 crores]
Notes:
The Government of India will be setting up National Land Monetization Corporation (NLMC).The NLMC performs the monetization of the land and other non-core assets.
3. Who has been appointed to the additional position of Chairman and Managing Director (CMD) at Power System Operation Corporation Limited (POSOCO)?
[A] Elon Musk
[B] S. R. Narasimhan
[C] Shafali Verma
[D] Amitabh Bachchan
Show Answer
Correct Answer: B [S. R. Narasimhan]
Notes:
S. R. Narasimhan, Director (System Operation) has assumed the additional charge of the post of CMD in POSOCO.
4. What was the name of the international loan agency’s Vice President?
[A] Nitin Paranjpe
[B] Samiran Gupta
[C] TS Ramakrishnan
[D] Junaid Kamal Ahmad
Show Answer
Correct Answer: D [Junaid Kamal Ahmad]
Notes:
Junaid Kamal Ahmad was named as the Vice President of the international lending agency. He will lead the Multilateral Investment Guarantee Agency (MIGA) as Vice President, Operations. The MIGA is one of the five organizations under the World Bank Group. He is the country director for the World Bank in India since September 2016.
5. What place has the Government of India signed the Host Country Agreement (HCA) with the International Telecommunication Union (ITU) for the development of an ITU Area Office and Innovation Centre?
[A] Mumbai
[B] New Delhi
[C] Jaipur
[D] Kolkata
Show Answer
Correct Answer: B [New Delhi]
Notes:
The Government of India has signed the Host Country Agreement (HCA) with International Telecommunication Union (ITU) for the establishment of an Area Office & Innovation Centre of ITU in New Delhi. The Host Country Agreement provides the legal and financial framework for the establishment and operations of the Area Office. The Area Office and Innovation Centre of ITU at New Delhi will serve South Asian countries comprising of Afghanistan, Bangladesh, Bhutan, Iran, Maldives, Nepal, Sri Lanka and India.
6. Which institute has signed an MoU with the Bureau of Indian Standards (BIS) to create the ‘BIS Standardization Chair Professor’?
[A] IIT Roorkee
[B] IIT Bombay
[C] IIT Madras
[D] IIT Kharagpur
Show Answer
Correct Answer: A [ IIT Roorkee]
Notes:
The Bureau of Indian Standards (BIS) has signed an MoU with IIT Roorkee. The MoU was signed to establish ‘BIS Standardization Chair Professor’ at IIT Roorkee. This will be the first Standardization Chair of BIS which will be set up in an academic institution. It will also support financially to IIT Roorkee. It will be an R&D center and will grant training in Standardization and Conformity Assessment. It will establish standards on crucial areas like IIT’s BlockChain applications for e-governance. It will focus on standardization and conformity assessment, especially in civil, electrical, mechanical, chemical, and earthquake engineering.
7. What is the location of the International Telecommunication Union’s headquarters?
[A] Geneva
[B] London
[C] Berne
[D] Vienna
Show Answer
Correct Answer: A [Geneva]
Notes:
Indian official has been appointed as vice-chairperson in the Council Standing Committee on Administration and Management of (ITU) giving India a leadership position. ITU’s Council meeting was held in Geneva.
8. What would be India’s GDP growth rate in FY24, according to the Asian Development Bank?
[A] 7.5%
[B] 7.6%
[C] 8.0%
[D] 7.8%
Show Answer
Correct Answer: C [8.0%]
Notes:
Asian Development Bank in Asian Development Outlook 2022 has projected India’s GDP to grow at 7.5% in FY23 and 8% in FY24.
9. What is the revised forecast of GDP growth rate for FY23 for India in the Monetary Policy published in April?
[A] 7.8%
[B] 7.6%
[C] 7.4%
[D] 7.2%
Show Answer
Correct Answer: D [7.2%]
Notes:
The Reserve Bank of India’s Monetary Policy Committee (MPC) revised India’s real Gross Domestic Product (GDP) growth rate to 7.2 percent from February’s 7.8 percent for FY23 .
10. The Asian Development Bank (ADB), a Manila-based multilateral funding agency, projected the Indian economy’s GDP growth rate at what % in FY23?
[A] 7.5 percent
[B] 6.5 percent
[C] 5.5 percent
[D] 4.5 percent
Show Answer
Correct Answer: A [7.5 percent]
Notes:
India growing by 7.5 per cent in the current fiscal year before picking up to eight per cent the next year.
