Business, Economy & Banking Current Affairs MCQs

This category comprises 50 random questions from the total 378 Multiple Choice Questions (MCQs) inBusiness, Economy & Banking Current Affairs category published in gktoday from 1 January, 2019 till July 4, 2020.

31. Insurance Australia General (IAG) has sold its entire 26% stake held in which Insurance company of India?

[A] SBI General Insurance
[B] HDFC Ergo
[C] ICICI Lombard
[D] Aditya Birla Life Insurance

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32. According to the Digidhan Dashboard, which was the most popular means of digital transaction in the Financial year 2019-20?

[A] BHIM UPI
[B] Debit cards
[C] Prepaid instruments
[D] Internet Banking

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33. 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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34. Which mutual fund house announced that it has shut down six of its schemes owing to market disruptions amid Covid-19?

[A] Nippon India Mutual Fund
[B] Aditya Birla Sun Life Mutual Fund
[C] Kotak Mahindra Mutual Fund
[D] Franklin Templeton Mutual Fund

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35. Which rating agency recently estimated that the total loss for India due to lock-down would be Rs 10 lakh crore or Rs 7,000 per person, in 2020-21?

[A] CRISIL
[B] Ind-Ra
[C] S&P
[D] Fitch Solutions

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36. Which official index of India recently declined sharply to 16.5% in the month of March, 2020?

[A] Consumer Price Index
[B] Index of Industrial Production
[C] Wholesale Price Index
[D] Net national Income

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37. As per the announcement of the Finance Minister, what is the limit of government procurement, up to which global tenders will be disallowed?

[A] ₹50 Crore
[B] ₹100 Crore
[C] ₹200 Crore
[D] ₹500 Crore

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38. As per the Status Paper on Government Debt, what is the amount of Central Government Debt as a per cent of GDP, at 2018-19 yearend?

[A] 67.1 %
[B] 57.1 %
[C] 45.7%
[D] 35.7%

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39. As per the recent change in the definition of MSMEs, what is the investment limit for an enterprise to be classified as a medium enterprise?

[A] Rs 20 crore
[B] Rs 25 crore
[C] Rs 50 crore
[D] Rs 75 crore

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40. The recent income-tax return (ITR) forms notified for AY 2020-21, captures information on cash deposits above which limit?

[A] Rs 10 lakh
[B] Rs 50 lakh
[C] Rs 1 crore
[D] Rs 2 crore

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