41. As per a recent survey conducted by CII and Ernst & Young, which country is the top destination of investors?
[A] China
[B] India
[C] United States
[D] Mauritius
Show Answer
Correct Answer: B [India]
Notes:
As per a recent survey conducted by Confederation of Indian Industries (CII) and Ernst & Young, Multi-national Companies regard India as their first option, in terms of investments across the globe.
Out of the total key decision makers of those MNCs, 82 per cent of them said that they have plans to expand their business in the next 2 to 3 years. After India, the second most favourable place is North America followed by the rest of Asia-Pacific.
42. Which insurance company is set to be merged with ICICI Lombard General Insurance Company?
[A] Max Life Insurance
[B] Bharti AXA General Insurance
[C] IFFCO Tokyo Insurance
[D] Sundaram Insurance
Show Answer
Correct Answer: B [Bharti AXA General Insurance]
Notes:
The insurance sector regulator – Insurance Regulatory and Development Authority of India (IRDAI) has accorded “in principle” approval for merger of Bharti AXA General Insurance with ICICI Lombard General Insurance Company.
On successful merger, the consolidated entity would have a market share of 8.7% in non-life business. Bharti Enterprises own 51% share in Bharti AXA General Insurance and the remaining 49% is owned by French insurer AXA.
43. Which North Indian city has recently got its bonds listed on Bombay Stock Exchange?
[A] Kanpur
[B] Surat
[C] Gandhinagar
[D] Lucknow
Show Answer
Correct Answer: D [Lucknow]
Notes:
The Municipal Bonds issued by Lucknow Municipal Corporation has been listed in the Bombay Stock Exchange (BSE).
The bonds amount to Rs.200 crore and offer 8.5 per cent interest per annum with a tenure of 10 years. Lucknow joins the 8 other smart cities whose Municipal Bonds have been listed in stock exchanges.
44. CBIC has mandated HSN Code while issuing GST invoice. What does HSN stand for?
[A] Harmonised System of Notification
[B] Harmonised System of Nomenclature
[C] Horizontal System of Notification
[D] Horizontal System of Nomenclature
Show Answer
Correct Answer: B [Harmonised System of Nomenclature]
Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has mandated to mention the 8- digit HSN code or tariff code for 49 chemical-based products.
The HSN (Harmonised System of Nomenclature) code should be mentioned while issuing the Goods and Services Tax (GST) invoice. At present, businesses mention up to 4-digit tariff code, while issuing invoice. This new direction is expected to curb tax evasion.
45. Which Indian Bank has partnered with Defence Forces for providing customised banking services?
[A] State Bank of India
[B] Bank of Baroda
[C] Punjab National Bank
[D] Canara Bank
Show Answer
Correct Answer: B [Bank of Baroda]
Notes:
Leading Public sector lender Bank of Baroda (BoB) has signed a memorandum of understanding (MoU) with Indian Navy and Indian Coast Guard.
Under the MoU, the bank is to offer customised services along with a several facilities to the account holders. The bank has also renewed its MoU with the Indian Army to offer customised banking services through ‘Baroda Military Salary Package’.
46. As per the recent RBI paper, maintaining what per cent of inflation is appropriate for India?
[A] 3 per cent
[B] 4 per cent
[C] 5 per cent
[D] 6 per cent
Show Answer
Correct Answer: B [4 per cent]
Notes:
As per a research paper authored by RBI Deputy Governor Michael Debabrata Patra and another official, maintaining 4 per cent inflation is appropriate for India.
The paper highlights that targeting a lower rate could create a deflationary stand to the monetary policy. At present, RBI has been mandated to maintain retail inflation at 4 per cent +/- 2 per cent. The inflation target is to be reviewed by March 2021.
47. As per the recent statement of the NITI Aayog, which country is the biggest gainer after the pandemic economic situation?
[A] India
[B] China
[C] United States
[D] Russia
Show Answer
Correct Answer: B [China]
Notes:
As per the Experts of the NITI Aayog, China is the biggest gainer in the post-pandemic economic situation globally.
The experts also opined that the economic recovery for India is likely to be slow. They told the standing committee of finance that several manufacturing units should move out of China and shift to India in the upcoming years.
48. How many citizen-centric reforms are stipulated by the Finance Ministry, which are linked to the borrowing limits of the states?
[A] Two
[B] Four
[C] Six
[D] Eight
Show Answer
Correct Answer: B [Four]
Notes:
As per the Finance Ministry, the States get permission to raise additional funds equivalent to 0.25 percent of GSDP on completion of citizen-centric reforms in four sectors.
The four areas are Implementation of One Nation One Ration Card System, Ease of doing business reform, Urban Local body reforms and Power Sector reforms. Recently Telangana became the third state to complete Urban Local Body reforms.
49. Sweden’s Autoliv Inc. has proposed to establish its manufacturing unit in which state?
[A] Maharashtra
[B] Andhra Pradesh
[C] Gujarat
[D] Tamil Nadu
Show Answer
Correct Answer: D [Tamil Nadu]
Notes:
The fortune 500 company Autoliv Inc., headquartered in Sweden has proposed to establish its manufacturing facility in Tamil Nadu.
The company is to invest a sum of Rs.100 crore for its plant and is expected to create 400 job opportunities. The company is involved in design, manufacturing and marketing of air-bags, seat belts and steering wheels.
50. When will India’s New Foreign Trade Policy will come into effect?
[A] February 1, 2021
[B] March 1, 2021
[C] April 1, 2021
[D] September 1, 2021
Show Answer
Correct Answer: C [April 1, 2021]
Notes:
The new Foreign Trade Policy of India, is set to take effect from 1st April 2021. The policy will be in effect for 5 years from 2021 to 2026.
It aims to make India a leader in international trade. It is also known that the District Export Hubs initiative will form an important component of the new Foreign Trade Policy.
