1. Recently, NITI Aayog has entered into an MoU with which Union Territory to support its administration?
[A] New Delhi
[B] Puducherry
[C] Ladakh
[D] Lakshadweep
Show Answer
Correct Answer: C [Ladakh]
Notes:
In key move to promote development and improve the key infrastructure of the newly constituted Union Territory of Ladakh, an MoU has been signed between NITI Aayog and the UT of Ladakh, recently. By this MoU, NITI Aayog would support the UT’s administration through its initiative named D3S-i (i.e) ‘Development Support Services to States for Infrastructure Projects’.
The MoU has a focus on identification of priority projects and to ensure their faster implementation. A team of professionals is expected to be stationed at Ladakh for identification and development of tourism and infrastructure projects in the UT.
2. Which major technology firm recently became the fourth US company to touch $1 trillion valuation?
[A] IBM
[B] Samsung
[C] Alphabet
[D] Facebook
Show Answer
Correct Answer: C [Alphabet]
Notes:
The parent company of Google, Alphabet led by Indian-American Sundar Pichai, touched the milestone of $1 trillion valuation and joined the elite US companies in the list, which includes Apple, Microsoft and Amazon. Apple was the first US company to touch the $1 trillion mark, when it achieved the feat in 2018.
During the month of December last year, the founders of Alphabet Larry Page and Sergey Brin stepped down from their leadership roles and announced the then CEO of Google Sundar Pichai as the CEO of both Google and Alphabet.
3. What is the name of India’s first e-commerce housing portal, launched by National Real Estate Development Council?
[A] OnepersonOnehouse.com
[B] HousingForAll.com
[C] IndiaHomes.com
[D] IndianRealEstate.com
Show Answer
Correct Answer: B [HousingForAll.com]
Notes:
The National Real Estate Development Council recently announced the launch of India’s first e-commerce housing portal called ‘HousingForAll.Com’. The portal was launched by the Secretary of Housing and Urban Affairs Ministry (MoHUA), Durga Shanker Mishra.
The e-Commerce portal, with nearly 1,000 listed properties, is to host a 45-day nationwide online home-buying campaign for ready-to-move-in homes. Hardeep Puri, Minister of State (IC), MoHUA announced the initiative of e-commerce housing portal, during the first National RERA Conclave held in Lucknow, in November 2019.
4. Which state recently launched a new initiative called ‘Direct CTO (Consent to Operate)’, for giving faster clearances to industries?
[A] Telangana
[B] Andhra Pradesh
[C] Tamil Nadu
[D] Odisha
Show Answer
Correct Answer: C [Tamil Nadu]
Notes:
The Chief Minister of Tamil Nadu, K Palaniswami recently announced a new initiative called ‘Direct CTO (Consent to Operate)’, which aims to provide faster clearance to companies which operate under ‘Green category industries’.
The companies are classified in red, orange, green and white categories based on the pollution index generated, according to Ministry of Environment. This scheme is expected to benefit micro, small and medium enterprises under ‘Green category’ to commence their operations with faster clearance from the government.
5. What is the projected growth rate of India, during the next financial year 2020-21, as per the recent Monetary policy of RBI?
[A] 5%
[B] 5.5%
[C] 6%
[D] 6.5%
Show Answer
Correct Answer: C [6%]
Notes:
The Reserve Bank of India (RBI) recently projected the economic growth of the country to grow by 6 per cent during the next financial year. This is the lower end of the growth projection as announced by the government in the economic survey, which estimated a rate of 6-6.5 per cent. RBI also stated that the Indian economy continues to be weak.
The first half of the year would grow in the range of 5.5-6.0 per cent and the third quarter at 6.2 per cent, as per the RBI. But this projection is higher than the GDP growth projection of 5%, made in the monetary policy statement of December 2019.
6. Which Indian payments bank recently crossed a mile-stone of two crore customers?
[A]
Airtel Payments Bank.
[B] India Post Payments Bank.
[C] Fino Payments Bank.
[D] Paytm Payments Bank.
Show Answer
Correct Answer: B [India Post Payments Bank.]
Notes:
India Post Payments Bank (IPPB) has recently achieved the milestone of two crore customers. IPPB was launched by the Indian Prime Minister on September 1, 2018, with the main objective of financial inclusion.
In September 2019, the payments bank launched the Aadhaar-enabled payment system (AePS) services. And then, it has become the single largest platform in the country to provide interoperable banking services to the customers of any bank.
7. Which is India’s fifth largest private sector bank, that is under crisis and for which the Reserve Bank of India is devising a revival plan?
[A] IndusInd Bank
[B] Yes Bank
[C] IDFC First Bank
[D] Bandhan Bank
Show Answer
Correct Answer: B [Yes Bank]
Notes:
The Reserve Bank of India recently unveiled a draft scheme of revival Yes Bank, which has been put under the control of RBI. RBI also announced that State Bank of India is to make investment in Yes Bank and participate in the reconstruction scheme.
The financial position of Yes Bank saw a gradual decline as it could not raise the required capital. RBI has imposed moratorium on the Bank and has capped withdrawals at Rs 50,000 per account. The existing Board was superseded and former SBI CFO Prashant Kumar was appointed as administrator for Yes Bank.
8. World Bank signed an $80 million loan agreement with which Indian state to increase agricultural productivity in its Gram Panchayats?
[A] Karnataka
[B] Odisha
[C] Himachal Pradesh
[D] Madhya Pradesh
Show Answer
Correct Answer: C [Himachal Pradesh]
Notes:
The Government of India, state government of Himachal Pradesh and the World Bank recently signed an $80 million loan agreement to improve water management practices and increase agricultural productivity in certain Gram Panchayats in Himachal Pradesh.
‘The Integrated project for source sustainability and climate resilient rain-Fed Agriculture’ project in Himachal Pradesh will be implemented in 428 Gram Panchayats, which is expected to benefit over 4 lakh smallholder farmers.
9. As per the recent notification of the Reserve Bank of India, what is the limit for Urban cooperative banks (UCBs), to lend to a single borrower?
[A] 10% of tier-I capital
[B] 15% of tier-I capital
[C] 20% of tier-I capital
[D] 25% of tier-I capital
Show Answer
Correct Answer: B [15% of tier-I capital ]
Notes:
The Reserve Bank of India (RBI) the single borrower and group exposure limit for Urban cooperative banks (UCBs) to 15% and 25% of tier I capital, respectively.
This reduction in limit is to mitigate concentration risks arising out of large loans. Existing norms allowed 15% for single borrowers and 40% to group exposures of a bank’s total capital (tier I and tier II capital). The banks will have to bring their existing exposures to the new limits by 31 March 2023.
10. The Reserve Bank of India issued guidelines for implementation of Ind AS by Non-banking financial companies (NBFCs) and Asset reconstruction companies (ARCs). What does Ind AS stand for?
[A] Indian Accounting Standards
[B] International Accounting Standards
[C] Indian Asset Standards
[D] International Asset Standards
Show Answer
Correct Answer: A [Indian Accounting Standards]
Notes:
The Reserve Bank on Friday issued regulatory guidelines for implementation of Indian Accounting Standards (Ind AS) by Non-banking financial companies (NBFCs) and Asset reconstruction companies (ARCs) when they prepare their financial results from FY20.
Indian Accounting Standards is the Accounting standard adopted by companies in India and they are issued under the supervision of Accounting Standards Board (ASB). The Ind AS have been formulated to converge our standards with International Financial Reporting Standards (IFRS)
