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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
As per an estimate of the IMF, the projected global economic growth for 2017 is |
| Answer» The global economy is forecast to grow 3.1% in 2016 compared with 3.2% estimated in the April WEO, with Brexit responsible for the reduction. The 2017 growth estimate has also been trimmed by 0.1 percentage point, to 3.4%. | |
| 2. |
Rupee weakens ______ paise against dollar at 64.65. |
| Answer» The rupee weakened by 9 paise to 64.65 against the dollar in early trade at the Inter- bank Foreign Exchange market on increased demand for the American currency from importers and banks. | |
| 3. |
What is the India's GDP forecast for 2017, as per latest UN report "The Economic and Social Survey of Asia and the Pacific 2017"? |
| Answer» The UN Economic and Social Commission for Asia and the Pacific (ESCAP) released the report "The Economic and Social Survey of Asia and the Pacific 2017". As per the report where the economic growth for India is projected 7.1% and stated that India's growth would edge up to 7.5% in 2018 by higher private and public consumption and increased infrastructure spending. | |
| 4. |
What is the rate of India's GDP in 2017-18 as per FICCI survey? |
| Answer» The Federation of Indian Chambers of Commerce and Industry (FICCI) predicted India's gross domestic product (GDP) growth will be around 7.4% for fiscal 2017-18. The industrial and services sector are expected to grow by 6.9% and 8.4% respectively and the agriculture sector is estimated to reach 3.5 per cent growth and improvement in 2017-18. | |
| 5. |
What is the GST rate for Capital goods and industrial intermediaries? |
| Answer» The goods and services tax rate structure for all capital goods and all industrial intermediaries would attract 18% tax. The Capital goods and industrial intermediaries- 28% with small petrol cars attracting a cess of 1% and small diesel cars 3%. | |
| 6. |
Which country retained as the world's top most greenfield FDI investment destination? |
| Answer» India retained its numero uno position being the world's top most greenfield FDI investment destination for the second consecutive year, attracting USD 62.3 billion in 2016. India has remained ahead of China and the US as far as FDI inflows were concerned in the last year, said the fDi Report 2017 compiled by fDi Intelligence, a division of The Financial Times Ltd. FDI by capital investment saw an increase of 2 per cent to USD 62.3 billion in 809 projects during 2016 in India. | |
| 7. |
Which bill is being cleared by the Union Minister Arun Jaitley and to be implemented at July? |
| Answer» The Goods and Service Tax (GST) Council cleared the pending rules, including transition provisions and returns, with all the States agreeing to the July 1 rollout of the tax. The Union Finance Minister Arun Jaitley chaired the 15th meeting of the GST Council, which is scheduled to decide on the tax rate of six items, including gold, textiles, footwear. | |
| 8. |
India's GDP growth rate in 2018, as per latest World Bank's Global Economic Prospects (GEP) report is? |
| Answer» As per the report of World Bank's Global Economic Prospects (GEP) India's GDP growth rate is 7.5% in 2018 and 7.7% in 2019. The World Bank has projected a strong 7.2 per cent growth rate for India this year against 6.8 per cent growth in 2016. | |
| 9. |
For how many items, GST Council reduce the Tax rate? |
| Answer» The GST Council lowered tax rates on 66 items such as pickles, incense sticks, some movie tickets and printers after industries and states complained that the goods will become too expensive when the new indirect taxation system kicks in from July 1. | |
| 10. |
The GST tax rate on gold jewellery is reduced to? |
| Answer» Goods and Service Tax (GST) Council reduced the applicable rate on making charges from 18 percent to just 5 percent. | |
| 11. |
What is the growth rate of India according to the BMI Research report? |
| Answer» According to BMI Research, a Fitch group company, India is expected to register a growth of 6.9% in this financial year. The report has observed that the Real GDP growth has slowed to 6.1 % year-on-year in the fourth quarter of 2016-17. BMI Research was founded in 1984 by Business Monitor International and later in 2014, it was acquired by Fitch Group | |
| 12. |
Gifts from employers to employees worth up to __________ will not attract the Goods and Services Tax. |
| Answer» Gifts from employers to employees worth up to Rs. 50,000 will not attract the Goods and Services Tax, nor will perquisites enjoyed by employees as part of the employment contract. This means that GST will have to paid only in exceptional situations where gifts are given on voluntary basis, such as Diwali gifts to employees and that too if the value is more than Rs. 50,000. | |
| 13. |
What is the India's projected growth rate for 2017, as per supplement of Asian Development Bank (ADB) Outlook 2017? |
| Answer» According to the supplement of Asian Development Bank (ADB) Outlook 2017, India is expected to achieve the projected growth rate of 7.4% in 2017 and 7.6% in 2018 on strong consumption demand. According to the report, South Asia will be the fastest growing of all sub-regions in Asia and the Pacific, with growth on track to meet original projections of 7% in 2017 and 7.2% in 2018. | |
| 14. |
According to the report of centre _______ lakh GSTIN registration have been done till 18th of this month. |
| Answer» According to the report of centre over 77.55 lakh GSTIN registration have been done till 18th of this month. In GST registration, the supplier is allotted a 15-digit GST identification number called GSTIN. Registration of any business entity under the GST Law requires obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government. | |
| 15. |
How many percentage of GST applicable on selling of space for advertisement in Print Media? |
| Answer» Union Government clarified that five percent Goods and Service Tax (GST) is applicable on selling of space for advertisement in print media if an agency buys space from the newspaper and sells the same to clients on its own account. The GST rate will be 18 percent of the sale commission, if the agency works as an agent of the newspaper on a commission basis. | |
| 16. |
The income limit defining 'creamy layer' for OBC reservation has been raised to |
| Answer» The income limit defining 'creamy layer' for OBC reservation has been raised by Rs 2 lakh per annum even as the Union cabinet approved setting up of a panel for sub-categorization within the other backward classes for even distribution of reservation benefits. The ministry of social justice and empowerment had proposed that OBC families which earn more than Rs 8 lakh per year should be classified as 'creamy layer' -- the ceiling which bars members of the other backward classes from availing reservations in employment. | |
| 17. |
According to DBS India's GDP growth likely to slip below how much % this financial year? |
| Answer» India's GDP growth is likely to reduce below 7 % this financial year. According to DBS, two main reasons for the downfall are demonetisation in November 2016 and GST implementation in July 2017. These added to the already slow growth in manufacturing and investment sectors. | |
| 18. |
Which GST committee on exports has been constituted by the Union Finance Ministry? |
| Answer» The Union government has constituted a GST Committee on Exports headed by revenue secretary Dr Hasmukh Adhia to look into issues of export sector and to recommend suitable strategy for helping the export sector in the post-GST scenario to the GST Council. On September 19, the Adhia - headed panel is meeting in New Delhi to deliberate on the issues faced by the industry under the Goods and Services Tax (GST) and holding discussion with representatives from 8 export promotion associations the difficulties faced by the exporters. Commerce Secretary Rita Teaotia is also attending the meet. The panel is mandated to recommend to the GST Council a suitable strategy for helping the export sector in the post-GST set-up. | |
| 19. |
What is the India's GDP forecast for FY18 by the World Bank (WB) in its South Asia Economic Focus (Fall 2017) report? |
| Answer» The World Bank (WB), in its biannual economic update "South Asia Economic Focus (Fall 2017)", has reduced India's GDP growth forecast to 7.0% for 2017-18 from 7.2% estimated earlier. As per report, the unexpected slowdown in India's growth story is because of the delayed consequence of demonetization, sharp decline in the growth rate of public expenditures and uncertainty created by the introduction of Goods and Services Tax (GST). Apart from WB, Both the Asian Development Bank (ADB) as well as the Organisation for Economic Cooperation and Development (OECD) have also cut their growth projections for India to 7% and 6.7%, respectively, for fiscal 2017-18. | |
| 20. |
India has signed how much amount of loan agreement with the World Bank (WB) for Odisha Higher Education Programme for Excellence and Equity (OHEPEE) Project? |
| Answer» India has signed $119 million of financial agreement with the World Bank (WB) for Odisha Higher Education Programme for Excellence and Equity (OHEPEE) project. The purpose of the project is to improve the quality of 'students' equitable access to selected institutions and enhance governance of the higher education system in Odisha. The closing date for the project is 30th November, 2022. | |
| 21. |
Which committee has been constituted by the Central Government to probe into NTPC's Unchahar Thermal Power Plant incident? |
| Answer» The Union Power Ministry has constituted a 4-member committee headed by PD Siwal to investigate into the causes of the recent accident that occurred on 1st November 2017 at NTPC's Unchahar Thermal Power Plant in Uttar Pradesh's Rae Bareli district. | |
| 22. |
Which Indian organization has developed sub-sonic cruise missile 'Nirbhay', which is successfully test fired recently? |
| Answer» The Defence Research and Development Organisation (DRDO) has successfully conducted a flight test of its indigenously designed and developed long-range sub-sonic cruise missile 'Nirbhay', which can carry warheads of up to 300 kg. The state-of-the-art missile was successfully test-fired from the Integrated Test Range (ITR) in Chandipur, Odisha. The missile has the capability to cruise at the speed of 0.7 Mach and loiter at altitudes as low as 100 m. | |
| 23. |
This country submits document to oppose e-commerce talks at WTO recently.. |
| Answer» India has for the first time submitted a formal document opposing any talks on e-commerce at the World Trade Organisation (WTO). The submission comes ahead of the key ministerial conference of the WTO, where India is likely to face pressure from many countries to begin talks to open cross-border digital trade. | |
| 24. |
IMF has approved __________ to support Madagascar's economic recovery recently. |
| Answer» International Monetary Fund (IMF) has announced that it has approved $44.5 million credit to support Madagascar's economic recovery. This credit facility extended to Madagascar by IMF is in addition to $86 million credit that was approved in June 2017. It is to be noted that IMF and other international financial organisations had stopped giving support to Madagascar after a coup in 2009. However, after a peaceful presidential vote in late 2013, IMF resumed its support. | |
| 25. |
How many millions go missing in largest cryptocurrency hack ever? |
| Answer» Japanese cryptocurrency exchange Coincheck has confirmed it lost about $524 million after suffering a hack which stole 500 million NEM tokens It is the biggest cryptocurrency hack ever. NEM, the 10th-largest cryptocurrency by market value, fell 11% over a 24-hour period following the hack. The previous largest theft was pegged at $450 million in 2014 from a Tokyo-based exchange. | |
| 26. |
What is the GDP rate of India in 2016-17 from 8.2% in 2015-16? |
| Answer» According to the CSO's revised estimates of national income released on January 31, 2018, gross domestic product (GDP) growth rate for 2015-16 stood at 8.2% from the earlier estimates of 8% while for 2016-17, revised GDP growth remained unchanged at 7.1%. For 2015-16, this is the second revised estimate, while for 2016-17, this is the first revised estimate. Revised estimates are arrived at by taking into consideration a wider range of numbers, including employment data. | |
| 27. |
What is the India's GDP growth rate forecast for year 2018, as per latest report by Moody's Investors Service? |
| Answer» Moody's Investors Service has recently estimated India's GDP growth forecast for year 2018 & 2019. In it, it has kept the GDP growth forecast for India in the calendar year 2018 unchanged at 7.6 % and for 2019 at 7.5 %, amid signs of economic recovery from the negative impact of demonetisation and disruption caused by GST roll out. In its global growth forecasts for 2018 and 2019, Moody's said the Budget for fiscal year beginning April 1 (2018-19) includes some measures to stabilize rural economy that was disproportionately hit by scrapping of high denomination 500 and 1000 rupee notes. | |
| 28. |
How many crores did Union government Sanctioned Under Swadesh Darshan Scheme And Rs. 687.92 Crore Under PRASHAD Scheme? |
| Answer» A total amount of Rs. 5638.87 crore was sanctioned with the release of Rs. 2148.17 crore since 2014-15 till date under the Swadesh Darshan Scheme of Ministry of Tourism. Under the Swadesh Darshan scheme, thirteen thematic circuits have been identified for development. Meanwhile, under the PRASHAD scheme, 23 projects have been sanctioned to 15 States for a total amount of Rs.687.92 crore with the release of Rs.241.28 crore since 2015-16 till date. The main objective of the 'National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) is of holistic development of identified pilgrimage and heritage destination. | |
| 29. |
Union Government makes passport mandatory for bank loans of __________ and above. |
| Answer» The government has made providing passport details mandatory for taking loans of 50 crore rupees and above to ensure a swift action in case of fraud and prevent fraudsters from fleeing the country. Financial Services Secretary, Rajiv Kumar in a tweet for all existing loans of over 50 crore rupees, banks have been asked to collect passport details of borrowers within 45 days. The Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country. Last week, the Cabinet has approved the Fugitive Economic Offenders Bill to impound and sell assets of escapees with a view to quickly recover dues. The proposed law will also apply to defaulters who have an outstanding of Rs 100 crore or more and have escaped from the country. Several big defaulters like Nirav Modi, Mehul Choksi, Vijay Mallya and Jatin Mehta have fled the country putting the recovery mechanism in quandary. | |
| 30. |
What is the India's growth rate for 2020, as per latest World Bank's "South Asia Economic Focus report"? |
| Answer» The World Bank has projected India's growth rate at 7.3% for 2019 and 7.5% for 2020. The bank also noted that Indian economy has recovered from the effects of demonetisation and the Goods and Services Tax (GST). The World Bank in its twice-a-year South Asia Economic Focus report in Washington stated that growth is expected to accelerate from 6.7% in 2017 to 7.3% in 2018 and to subsequently stabilise supported by a sustained recovery in private investment and private consumption. India should strive to accelerate investments and exports to take advantage of the recovery in global growth. World Bank acknowledged that disruptions from demonetisation and events surrounding the implementation of the GST led to a setback in economic activity and a potentially larger negative effect on the poor and vulnerable. | |
| 31. |
Union Government raises NABARD's authorised capital to ____________ Billion to increase its lending to the rural economy. |
| Answer» As part of the drive to double the income of farmers by 2022, the government has raised the authorized capital of NABARD by six times from 50 billion to Rs 300 billion to help it increase its lending to the rural economy. A bill in this regard was approved by Parliament earlier this year. The increase in authorized capital will enable Nabard to respond to commitments it has undertaken particularly in respect of the Long Term Irrigation Fund and on-lending to cooperative banks. | |
| 32. |
What is the position of India for the automobile market in the world? |
| Answer» India overtaken Germany to become the fourth largest automobile market in the world, According to the latest global data. Automobile sales, including passenger and commercial vehicles, in Asia's third-largest economy, grew 9.5%. It is the fastest among major global markets, last year to more than 4 million units, outpacing Germany's 3.8-million vehicle sales, which rose by a modest 2.8% in the same period. The top 5 countries on the list are- 1. China 2. USA 3. Japan 4. India 5. Germany. | |
| 33. |
Indian Government imposed a ____ % duty on import of key smartphone components with a view to boost domestic manufacturing. |
| Answer» Indian Government imposed a 10% duty on import of key smartphone components with a view to boost domestic manufacturing. Components on which 10 per cent import duty has been imposed are printed circuit board assembly, loaded or stuffed printed circuit boards (for telephones as well as mobile phones), camera module and connectors of cellular mobile phones. So far, these three components were exempted from basic customs duty (BCD). Indian Government has already imposed 15 per cent import duty on chargers, battery, speaker, microphone, headset, keypad etc. under phased manufacturing programme (PMP) aimed at boosting indigenous production of mobile phones, by providing tax relief and other incentives on components and accessories used for the devices. In context of these news, it is important to note that India has replaced Vietnam to become the second largest producer of mobile phones in 2017. | |
| 34. |
Which countries will reach the top position among the world's fastest-growing major economies in 2018? |
| Answer» According to a Reuters poll of economists, India will reach the top position among the world's fastest-growing major economies in 2018, but increasing trade tensions between the United States and China might hinder that growth. The recent tit-for-tat import tariffs introduced by the US and China have created concerns about a global trade war. Otherwise a strong world economy could be developed. The recent poll was taken on 11th to 18th April 2018. It has predicted that India's economy will expand 7.4 % in the fiscal year that began in April 2018. Increased government spending prior to national elections next year is expected to be inflationary. Inflation is forecast to average 4.7 % in the fiscal year ending in March 2019, and 4.9 % the following year, according to the poll. The Reserve Bank of India has been forecast to keep rates on hold until the second half of next year, according to the poll. But economists expect a repo rate increase to the quarter ending September next year from a move in the first three months of 2019. | |
| 35. |
The Cabinet Committee on Economic Affairs (CCEA) approved upgradation and expansion of airport infrastructure for how many airports in India? |
| Answer» The Cabinet Committee on Economic Affairs (CCEA) approved upgradation and expansion of airport infrastructure at Lucknow, Chennai and Guwahati airports with a total cost of over Rs 5,000 crore. Union commerce and industry minister, Suresh Prabhu reportes as the Chennai Airport's new terminal building will have a capacity of 35 million passengers per year. It will be constructed at a cost of Rs 2467 crore. The new terminal building of Guwahati Airport will have a capacity of 9 million passengers per year. It will be built at a cost of Rs 1383 Crore. And the new terminal building of Lucknow Airport will have a capacity of 13.6 million passengers per year. It will be constructed at a cost of Rs 1232 Crore. | |
| 36. |
Monetary Policy Committee (MPC) of Reserve Bank of India has increased the policy Repo Rate under the liquidity adjustment facility (LAF) by __________ basis points in the Second Bi-monthly Policy Statement (2018-19). |
| Answer» Monetary Policy Committee (MPC) of Reserve Bank of India has increased the policy Repo Rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25 percent in the Second Bi-monthly Monetary Policy Statement (2018-19). Consequently, the reverse repo rate under the LAF stands adjusted to 6.0 percent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.50 percent. | |
| 37. |
This country tops in the the list of the fastest growing economies in the world for the coming decade, According to a Harvard University report. |
| Answer» According to a Harvard University report, India topped the list of the fastest growing economies in the world for the coming decade. According to the report, India is projected to grow at 7.9% annually, ahead of China & US. The researchers also found India to be the best on Complexity Opportunity Index, which measures how easy it is to redeploy existing knowhow to enter new complex products. | |
| 38. |
POWERGRID has set Capex target for the year 2018-19 as _____. |
| Answer» Power Grid Corporation of India Limited (POWERGRID) has signed a MoU for the year 2018-19 with Ministry of Power. The MoU was signed by Ajay Kumar Bhalla, Secretary, Ministry of Power and I. S. Jha, Chairman and Managing Director, POWERGRID. The MoU specifies several targets for POWERGRID to be achieved by during FY 2018-19. Capex target for 2018-19 has been fixed at Rs. 25,000 crore. Other targets mentioned in the MoU are parameters related to human resources, project management, R&D and innovation and other efficiency and operational performance parameters. | |
| 39. |
This government economy has emerged as the world's fifth largest, as per new federal data revealed on 4th May 2018. |
| Answer» California's economy has surpassed the economy of United Kingdom. California's gross domestic product increased by $127 billion from 2016 to 2017. California's economy is concentrated in coastal regions around San Francisco, San Jose, Los Angeles and San Diego. California's economy is now only behind the economy of the United States, China, Japan and Germany. | |
| 40. |
As per the economic data of Asian Development Bank the growth rate of India for 2018-19 is; |
| Answer» The Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with 7.3% growth in 2018-19, and 7.6% in 2019-20. ADB Chief Economist Yasuyuki Sawada has stated that India should not worry about not achieving 8% growth but focus on increasing domestic demand by reducing the income inequality. He said growth is driven more by domestic consumption than exports. Mr Sawada further said inequality and poverty reduction would play a very important role in achieving higher growth because consumption can stimulate more production and that can create more employment. | |
| 41. |
India ranks __________ position in the business optimism index for the first quarter of 2018. |
| Answer» India has slipped to the 6th position globally in the business optimism index for the first quarter of 2018 as per Grant Thornton's quarterly global business survey. Business Optimism Index rankings are based on a quarterly global business survey of 2500 businesses in 37 economies conducted by professional services network Grant Thornton. Grant Thornton outlined that business sentiment in India has been the weakest since 2014. Weakening Indian rupee and a surge in oil prices have been identified as prime factors that led to deterioration in confidence since the third quarter of 2017. The survey findings also revealed that Indian businesses consider red tape, availability of skilled workforce, lack of information communication and technology (ICT) infrastructure and shortage of finance as biggest constraints to growth. | |
| 42. |
Delhi Jal Board (DJB) approves how much amount budget for 2018-19? |
| Answer» Delhi Jal Board (DJB) approved its Rs 5137-crore annual budget, focusing on expansion of sewage and water supply networks in the uncovered areas. Out of Rs. 5137 crore, Rs 2350 crore is for plan and Rs 2787.6 crore is for non-plan expenditures for 2018-19. In addition to new sewage lines, old sewer lines will also be replaced in certain areas including south Delhi's Panchsheel Park and Saket. Besides, a fund of Rs 102.23 crore has been set aside for repairing peripheral sewers in Uttam Nagar, Moti Nagar and adjoining areas in northwest and west Delhi. For better water supply, DJB has approved proposals for laying feeder mains and various sizes of distribution mains for underground reservoirs and booster pumping stations in certain areas. For replacement of peripheral sewer lines, Indian Institute of Technology (IIT) - Delhi has been appointed as the monitoring agency and will be paid Rs 4.71 crore as the consultancy fees. | |
| 43. |
Who introduces 'managed co-location services' recently? |
| Answer» In order to facilitate small and medium-sized trading members, NSE introduced a facility of 'managed co-location service'. In this facility, space will be provided to vendors along with provision for receiving market data. This facility enables the co-located entities to access the trade/order related data before other non-co-located entities. | |
| 44. |
The Union Government notifies ___________ interest on PF for 2017-18. |
| Answer» Employees' Provident Fund Organisation (EPFO) asked its field offices to credit 8.55% rate of interest for 2017-18 into the Provident Fund accounts of around 5 crore subscribers. According to an order issued by the EPFO, the Labour Ministry conveyed approval to credit 8.55% rate of interest for last fiscal. The finance ministry had ratified 8.55%rate of interest on EPF for the last fiscal, but it could not be implemented because of model code of conduct for Karnataka elections. | |
| 45. |
Which became first Indian exchange to be designated as Designated Offshore Securities Market (DOSM) by United States Securities and Exchange Commission (US-SEC)? |
| Answer» BSE Ltd became first Indian exchange to be designated as Designated Offshore Securities Market (DOSM) by United States Securities and Exchange Commission (US-SEC). DOSM status will allow the sale of securities to US investors through the trading venue of BSE without registration of such securities with US SEC. This will ease trades by US investors in India and also enhance the attractiveness of Indian Depository Receipts (IDRs) amongst US investors. | |
| 46. |
15th Finance Commission constitutes panel for which sector? |
| Answer» The Fifteenth Finance Commission has constituted a High-Level Group consisting of eminent experts from across the country to examine the strengths and weaknesses for enabling balanced expansion of Health Sector. High-Level Group on Health Sector will have Convenor by Dr. Randeep Guleria, Director, AIIMS (New Delhi). IThe Fifteenth Finance Commission has constituted a High-Level Group consisting of eminent experts from across the country to examine the strengths and weaknesses for enabling balanced expansion of Health Sector. High-Level Group on Health Sector will have Convenor by Dr. Randeep Guleria, Director, AIIMS (New Delhi). | |
| 47. |
EPFO cuts administrative charges decided to cut the administrative charges to ___________ of total wage paid by employers. |
| Answer» Employees' Provident Fund Organisation's trustees had decided to cut the administrative charges to 0.50% from 0.65% of total wage paid by employers in its meeting this year. EPFO decided to cut the administrative charges in view of its expanding business and high recovery of such fees. According to EPFO estimates, the employers would save in total around Rs.900 crore annually after this move. | |
| 48. |
SEBI amended its 'Takeover Code' under which law? |
| Answer» SEBI amended its 'Takeover Code' to remove capital infusion hurdles in companies with approved resolution plans under the Insolvency and Bankruptcy Code (IBC). The SEBI move is expected to smoothen the implementation of successful resolution plans. The 'Takeover Code' barred acquirers of shares in a company from entering into any transaction. | |
| 49. |
Which stock exchange launched a 'Tri-party Repo Market Platform' for repurchase of corporate debt security? |
| Answer» NSE launched a 'Tri-party Repo Market Platform' for repurchase of corporate debt security. It is a repo contract where a third entity, apart from the borrower and lender, called tri-party agent acts as an intermediary to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction. It provides opportunity to borrow against the securities and provides short-term liquidity to participants. | |
| 50. |
SoftBank Group Corp has decided to invest __________ billion for a solar power project in India. |
| Answer» SoftBank Group Corp has decided to invest $60 billion-$100 billion in a solar power project in India. The company is expected to make the investment through a fund backed by Saudi Arabia's government. SoftBank through its Vision Fund would invest in creating the world's biggest solar power project in Saudi Arabia. | |