Business, Economy & Banking Current Affairs MCQs

11. The Insolvency and Bankruptcy Code came into force in which year?

[A] 2014
[B] 2016
[C] 2018
[D] 2020

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12. The validity of authorization issued to which company was extended by the Reserve Bank of India till 31 March 2021, to setup, own and operate the White Label ATMs?

[A] Hitachi
[B] State ATM
[C] Tata Communications Payment Solutions
[D] Vakrangee

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13. Which Indian private sector bank has recently rolled out banking services on WhatsApp amidst the nation-wide lock-down?

[A] HDFC Bank
[B] ICICI Bank
[C] Axis Bank
[D] Yes Bank

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14. As per the recent notification of the Reserve Bank of India, what is the new deadline for exporters to realise their export proceeds for exports made up to July 31?

[A] 9 months
[B] 12 months
[C] 15 months
[D] 18 months

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15. National Pension System (NPS) subscribers are to be allowed partial withdrawal for covering expenses for COVID-19 treatment. Which organisation manages NPS?

[A] Insurance Regulatory and Development Authority (IRDAI)
[B] Pension Fund Regulatory and Development Authority of India (PFRDA)
[C] Life Insurance Corporation of India (LIC)
[D] Securities and Exchange Board of India (SEBI)

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16. The Central Bank of which country has become one of the investors with more than one per cent stake in Housing Development Finance Corporation Ltd (HDFC)?

[A] Japan
[B] Singapore
[C] China
[D] Malaysia

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17. Business confidence index is released in a quarterly survey conducted by which Indian institution?

[A] NITI Aayog
[B] National Council for Applied Economic Research
[C] Observer Research Foundation
[D] Centre for Public Policy Research

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18. What is the amount of financial assistance approved by the Union Cabinet, for ‘India COVID-19 Emergency Response and Health System Preparedness Package’?

[A] Rs. 10000 Cr
[B] Rs. 15000 Cr
[C] Rs. 20000 Cr
[D] Rs. 30000 Cr

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19. What is the modified borrowing limit of states as a percentage of Gross state domestic product (GSDP) for the year 2020-21?

[A] 3.5%
[B] 4%
[C] 5%
[D] 7.5%

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20. Which bank has launched an overdraft (OD) facility named ‘Insta FlexiCash’, for its salaried account customers?

[A] State Bank of India
[B] IndusInd Bank
[C] ICICI Bank
[D] HDFC Bank

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