21. What is the expected repo rate by the end of 2023, according to the Fitch Report?
[A] 6.23%
[B] 6.15%
[C] 5.5%
[D] 7.21%
Show Answer
Correct Answer: B [6.15%]
Notes:
Fitch Ratings expects RBI to raise the policy repo rate further to 5.9% by December 2022 due to a deteriorating inflation outlook.
22. The term “Innovation Bank” has recently appeared in the news, and it refers to which of the following industries?
[A] Railways
[B] Road Transport
[C] Airways
[D] Ferry Services
Show Answer
Correct Answer: B [Road Transport]
Notes:
Minister for Road Transport and Highways Nitin Gadkari has proposed setting up of Innovation Bank for new ideas, research findings, and technologies to focus on ‘Quality’ in infrastructure development.
23. According to recent RBI data, the current account deficit has increased to what percentage of GDP in 2021-22?
[A] 3.2%
[B] 1.5%
[C] 1.2%
[D] 2.5%
Show Answer
Correct Answer: B [1.5%]
Notes:
As per RBI data India witnessed a current account deficit of 1.2% of GDP in 2021-22 compared to a surplus of 0.9% in FY2020-21 due to a wider trade deficit. From January-March 2022 the current account deficit decreased on to USD 13.4 billion or 1.5% of GDP compared to USD 22.2 billion.
24. Which company’s merger with INOX Leisure has been approved by the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)?
[A] PVR Cinemas
[B] Cinépolis
[C] BookMyShow
[D] Carnival Cinemas
Show Answer
Correct Answer: A [PVR Cinemas]
Notes:
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have approved the merger of multiplex chain PVR and Inox Leisure. According to their separate exchange filings, PVR and Inox Leisure received observation letters from the BSE on June 20 and 21 with “no unfavorable observations” and “no objection,” respectively.
25. Which of the following organizations introduced the Cyber VaultEdge insurance plan, a thorough cyber insurance policy for individuals?
[A] IFFCO Tokio General Insurance
[B] SBI General Insurance
[C] ICICI Lombard General Insurance
[D] Bajaj Allianz General Insurance
Show Answer
Correct Answer: B [SBI General Insurance]
Notes:
SBI General has launched the Cyber VaultEdge insurance plan,a comprehensive cyber insurance cover for individuals that provides protection against financial losses arising from cyber risks & attacks.
26. What percentage has Asian Development Bank (ADB) reduced India’s GDP growth forecast for FY23?
[A] 7.1 per cent
[B] 7.2 per cent
[C] 7.3 per cent
[D] 7.4 per cent
Show Answer
Correct Answer: B [7.2 per cent]
Notes:
The Asian Development Bank (ADB), has slashed India’s GDP growth forecast to 7.2 per cent for FY23. Earlier this was estimated at 7.5 per cent.
27. Who will inaugurate the Chandigarh conference on drug trafficking and national security?
[A] Narendra Modi
[B] Rajnath Singh
[C] S Jaishankar
[D] Amit Shah
Show Answer
Correct Answer: D [ Amit Shah]
Notes:
Union Home Minister Amit Shah will inaugurate a conference on drug trafficking and national security in Chandigarh.
28. The United Nations Conference on Trade and Development (UNCTAD) Report 2022 predicts that India’s economic growth would decrease to what percentage in 2022 from 8.2% in 2021.
[A] 7.7%
[B] 6.7%
[C] 5.7%
[D] 4.7%
Show Answer
Correct Answer: C [5.7%]
Notes:
According to the United Nations Conference on Trade and Development (UNCTAD) Report 2022, India’s economic growth is expected to decline to 5.7% in 2022 from 8.2% in 2021.
29. Who was selected to take on the role of national president of the Indian American Chambers of Commerce (IACC)?
[A] Rajesh Verma
[B] Vijay Jasuja
[C] Sanjay Khanna
[D] Lalit Bhasin
Show Answer
Correct Answer: D [Lalit Bhasin]
Notes:
Noted lawyer Lalit Bhasin has been appointed as the national president of Indian American Chambers of Commerce (IACC).
30. Fitch Ratings cut India’s FY23 GDP growth prediction to what percentage?
[A] 7
[B] 6
[C] 5
[D] 4
Show Answer
Correct Answer: A [7]
Notes:
Fitch Ratings slashed India’s GDP growth projection for FY23 to 7 per cent, saying the economy is expected to slow against the backdrop of the global economy, elevated inflation and high-interest rate.
