1. Which institution releases the annual flagship report “World Economic Outlook”?
[A] World Bank
[B] Asian Development Bank
[C] International Monetary Fund
[D] United Nations Development Program
Show Answer
Correct Answer: C [International Monetary Fund]
Notes:
“World Economic Outlook” is the annual flagship report released by the International Monetary Fund (IMF).
This year, the report is to be released on April 6. The International Monetary Fund has announced that India’s economy is on the path of gradual recovery. It highlighted the return to positive territory in fourth quarter of 2020.
2. Which Indian legendary singer won the Maharashtra Bhushan award, the state’s highest honour?
[A] S P Bala Subramaniam
[B] Asha Bhosle
[C] Lata Mangeshkar
[D] Mukesh Chand
Show Answer
Correct Answer: B [Asha Bhosle]
Notes:
The Maharashtra government announced that legendary singer Asha Bhosle has been selected for the Maharashtra Bhushan award for the year 2020, the State government’s highest honour.
A committee chaired by Chief Minister Uddhav Thackeray made the decision. The award was instituted in 1996 by the State government to recognise outstanding achievements of eminent persons from the state.
3. The Indian Prime Minister launched the ‘Swarna Jayanti’ scholarships for the youth of which country?
[A] Sri Lanka
[B] Bangladesh
[C] Nepal
[D] Myanmar
Show Answer
Correct Answer: B [Bangladesh]
Notes:
The Prime Minister of India Narendra Modi is on a 2-day official visit to Bangladesh as a part of National Day celebrations in Bangladesh.
He has announced the ‘Swarna Jayanti’ scholarships for the youth of Bangladesh to mark half a century ling ties between the two countries. PM has invited 50 entrepreneurs of Bangladesh to visit India and to join India’s start-up and innovation ecosystem.
4. India has inked 5 MoUs in the fields of trade, IT and setting up of sports facilities with which country recently?
[A] China
[B] Japan
[C] Bangladesh
[D] United Kingdom
Show Answer
Correct Answer: C [Bangladesh]
Notes:
India has signed 5 MoUs in the fields of trade, IT and setting up of sports facilities with Bangladesh. This event took place during the concluding sessions of Indian Prime Minister’s 2-day visit to Bangladesh.
During the visit, both national leaders discussed progress achieved on various parameters like health, trade, connectivity etc.
5. Which country has approved a grant of ₹265 crore for improving the power supply of Andaman & Nicobar Islands?
[A] China
[B] USA
[C] Russia
[D] Japan
Show Answer
Correct Answer: D [Japan]
Notes:
The Government of Japan has approved a grant of ¥4.02 billion, or ₹265 crore under the official development assistance (ODA) project for Andaman and Nicobar Islands. The grant is aimed to improve the power supply in the islands.
Additionally, Japan has also extended financial assistance for execution of 4 projects pertaining to Delhi Metro’s Phase 4 and Bengaluru Metro’s Phase 2 expansion. An agreement in these regards have been signed by JICA and Government of India.
6. Which institution in its report “South Asia Vaccinates”, estimates India’s GDP growth in FY 22 would be in the range from 7.5% to 12.5%?
[A] IMF
[B] World Bank
[C] ADB
[D] S&P
Show Answer
Correct Answer: B [World Bank]
Notes:
World Bank has recently released a report titled “South Asia Vaccinates”. It highlighted that private consumption and public investment will make the Indian economy grow by 10.1% in 2021-22 (FY22).
It also estimated that on account of uncertainty caused by the Covid-19 pandemic, it said India’s economic growth in FY22 will be in the range from 7.5% to 12.5%. It also forecasts that the Indian economy to contract by 8.5% in FY21.
7. The 51st Dadasaheb Phalke Award is conferred on which Indian personality?
[A] Ilaya Raja
[B] Rajinikanth
[C] Kamal Hassan
[D] Nawazuddin Siddique
Show Answer
Correct Answer: B [Rajinikanth]
Notes:
Indian veteran actor Rajinikanth has been recently conferred with 51st Dadasaheb Phalke Award for the year 2020 recently. This is the top most honour in Indian cinema.
This award is presented every year for outstanding contribution to the growth and development of Indian cinema. This award was first instituted the year 1969.
8. As per the report by FIS (leading provider of financial technology solutions), what quantum of real-time financial transactions are made in India?
[A] 10 million per day
[B] 41 million per day
[C] 50 million per day
[D] 100 million per day
Show Answer
Correct Answer: B [41 million per day]
Notes:
As per a recent release by FIS (leading provider of financial technology solutions to banks and merchants), the number of real-time financial transactions in India has grown to 41 million transactions per day. This number is more than double that of the last year.
In terms of growth rate of real time financial transactions, the list is topped by Bahrain with 657% growth.
9. Which University has secured the 1st place among Indian Universities in Academic Ranking of World Universities (ARWU) 2020?
[A] Anna University
[B] JNU
[C] JNTU
[D] Calcutta University
Show Answer
Correct Answer: D [Calcutta University]
Notes:
The Academic Ranking of World Universities (ARWU) 2020, also known as the Shanghai Ranking has been released recently.
As per the ranking, Calcutta University has been ranked 1st among the Indian Universities and 3rd among higher educational institutions in the country. 15 India Universities have made it into the ARWU 2020 list.
10. Up to what value of default, “pre packs” can be used a tool for insolvency resolution for MSMEs?
[A] Rs.1 lakh
[B] Rs.10 lakh
[C] Rs. 1 crore
[D] Rs. 10 crore
Show Answer
Correct Answer: C [Rs. 1 crore]
Notes:
The Government of India has promulgated an Ordinance that allows the use of pre-packs as an insolvency resolution mechanism for micro, small and medium enterprises (MSMEs). This is applicable for defaults upto an amount of Rs. 1 crore.
A pre-pack is an agreement for the resolution of debt of a distressed MSME through an agreement between secured creditors and investors instead of a public bidding process.