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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.
| 151. |
What is the size of the budget in the year 2019-2020? |
| Answer» The size of 2019-2020 budget, is 13.21% of GDP. | |
| 152. |
The Union Budget 2019 targets what amount through the disinvestment of CPSEs including Air India? |
| Answer» Budget 2019-20 targets Rs 1,05,000 crore through the disinvestment receipts of the FY 2019-20. Government will re-initiate the process of strategic disinvestment of Air India, and other CPSEs for strategic participation by the private sector. | |
| 153. |
The Budget 2019 reduces tax rate for companies having annual turnover up to Rs 400 crore. It is upto; |
| Answer» The budget 2019 reduces Tax rate to 25% for companies with annual turnover up to Rs. 400 crore. The move will benefit over 99 percent Indian Companies. | |
| 154. |
The Asian Development Bank has reduced India's growth forecast for the current financial year to __________. |
| Answer» The Asian Development Bank (ADB) has reduced India's growth forecast for the current financial year to 7%. Earlier, it had announced a growth estimation of 7.2%. It reported in its Asian Development Outlook 2019. The Manila-based multilateral institution has lowered the country's forecast for for 2019-20 from 7.6% to 7.2% in April, 2019. It cited moderate global demand and shortfall in revenue on the domestic front. Now, India is expected to grow by 7% in 2019 and 7.2% in 2020, slightly slower than projected in April due to the less the fiscal 2018 outturn fell short. It also revised India's inflation forecast by 0.2% points to 4.1% in FY20 and 4.4% in FY21. | |
| 155. |
How much is allocated for drug de-addiction measures, which is provided to the National Drug Dependence Treatment Centre (NDDTC) for the year 2019-20? |
| Answer» Social Justice and Empowerment Minister Thawar Chand Gehlot informed that the budget for drug de-addiction measures was increased to Rs 135 crore from Rs 33 crore in 2014. It is provided to the National Drug Dependence Treatment Centre (NDDTC) for the year 2019-20.The punishment to drug peddlers include imprisonment of 6 months to 15 years and imposition of fines.The Government has prepared a National Action Plan for Drug Demand Reduction (NAPDDR) for the period 2018-2025 in which the ministry will undertake focused intervention programmes in 127 high-risk districts. | |
| 156. |
The government has fixed the price of the new series of Sovereign Gold Bonds, recently. It is; |
| Answer» The government fixed the price of the new series of Sovereign Gold Bonds (SGBs) at Rs 3,443 per gram opening July 8, 2019. In consultation with the Reserve Bank of India (RBI), the Centre decided to allow a discount of Rs 50 per gram from the issue price (Rs 3,393 per gram) to those investors who apply online and if the payment is made through digital mode. SGBs will be issued every month from June 2019 to September 2019. Under SGB scheme, launched in November 2015, bonds are denominated in units of one gram of gold and multiples thereof. Minimum Investment in bonds is 1 gram and a maximum limit of subscription of 500 gram/person/fiscal year (April-March). Maximum Limit of subscription is 4 kg for an individual and Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal. | |
| 157. |
What is the percentage of additional tax that the listed companies are liable to pay in the case of buyback of share? |
| Answer» 20% is the percentage of additional tax that the listed companies are liable to pay in the case of buyback of share? | |
| 158. |
overnment approved Phase-I of Bharatmala Pariyojana along Indo-Nepal Border areas with financial outlay of __________. |
| Answer» The Union Minister for Road Transport and Highways Shri Nitin J Gadkari in a written reply in Rajya Sabha mentioned that the Phase-I of Bharatmala Pariyojana received the approval with the financial outlay of Rs 5,35,000 crore to develop 24,800 km Highways along with 10,000 km residual National Highways Development Project (NHDP) stretches over a period of 5 years. Outlay of Rs 25,000 crore is approved for the development of Border & International Connectivity roads for a length of 2000 km. Along Indo-Nepal Border, the balance work of Piprakothi-Motihari-Raxaul on NH-28A of about 69 km length with civil cost of approximately Rs 334 crore was awarded in December, 2018. Commenced in February, 2019 it is expected to complete in 12 months. | |
| 159. |
'Golden Revolution' is related to? |
| Answer» Golden Revolution was the period between 1991-2003. Golden Revolution focuses on Honey and Horticulture production. | |
| 160. |
'Blue Revolution' is related to? |
| Answer» The term blue revolution refers to the remarkable emergence of aquaculture as an important and highly productive agricultural activity. | |
| 161. |
Who brought Green revolution in India? |
| Answer» The Green Revolution, or Third Agricultural Revolution, is a set of research technology transfer initiatives occurring between 1950 and the late 1960s, that increased agricultural production worldwide, particularly in the developing world. | |
| 162. |
Which imported product's basic customs duty (BCD) was waived off by government of India recently? |
| Answer» In order to reduce the dependency on carbon-based fuel for electricity generation, the Government of India (GoI) has waived off Basic Customs Duty (BCD) for the products which are imported for nuclear power plants. BCD of 7.5% for all goods for use in the generation of nuclear power & 2.5% for all forms of uranium ores and concentrates for the generation of nuclear power will now have no such duty. | |
| 163. |
How much did the Centre allocated for Pradhan Mantri Gram Sadak Yojana-lll (PMGSY-III)? |
| Answer» PM led-Cabinet Committee on Economic Affairs (CCEA) approved for the launch of Pradhan Mantri Gram Sadak Yojana-lll (PMGSY-III). It involves consolidation of through Routes and Major Rural Links connecting habitations to Gramin Agricultural Markets (GrAMs) to consolidate 125,000 Km road length in the states. The project will be implemented from 2019-20 to 2024-25. The states will have to sign a Memorandum of Understanding (MoU) before launching of PMGSY-III in the respective states. This agreement is for providing adequate funds for maintenance of roads constructed under PMGSY post 5-year construction maintenance period. The estimated cost of Rs.80,250 crore. The funds would be shared in the ratio of 60:40 between the Centre and state for all states except for eight north eastern and three Himalayan states. | |
| 164. |
How much amount is given as monthly pension under Pradhan Mantri Shram Yogi Maan-Dhan? |
| Answer» This scheme assures the minimum monthly pension of 3000 rupees to the beneficiaries after attaining the age of 60 years. In February 2019, Government of India (GoI) launched a voluntary and contributory pension scheme, the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) for the benefit of unorganized workers, as per the eligibility. | |
| 165. |
Which plan was agreed by the Group of Seven (G7) finance ministers during their meeting in France? |
| Answer» In the event of G7 finance ministers meeting in France, all fully supported two-pillar taxation for large tech companies to be adopted by 2020.Digital Taxes: They agreed on a plan for taxing digital companies such as Facebook, Google, and Amazon in the countries in which they make money, even without any physical presence in the country.They also agreed that a minimum level of effective taxation would contribute to ensuring that companies pay their fair share of tax.The plan would have to be further developed by the G20 group of top 20 economies and then implemented under the aegis of the Organisation for Economic Cooperation and Development (OECD). | |
| 166. |
Centre has approved a five year project Deep Ocean Mission (DOM) with the cost of; |
| Answer» Centre has approved the Union Ministry of Earth Sciences' Deep Ocean Mission (DOM). The project plans to explore the deepest recesses of the ocean. It is a five year project. The cost estimated for the project is Rs.8,000 crore. DOM will commence from October 31, 2019. A blueprint of the programme was unveiled by the Ministry last July. One of the proposals is offshore desalination plant that will work with tidal energy. The projects also proposes to develop a submersible vehicle that can go to a depth of at least 6,000 metres with three people on board. | |
| 167. |
The GST Council has decided to reduce GST Rate on Electrical Vehicles from 12% to __________. |
| Answer» In a bid to promote electric mobility, the GST Council has decided to reduce GST Rate on Electrical Vehicles from 12% to 5% and on charger or charging stations for Electric vehicles from 18% to 5%. The new rates will come into effect from the 1st of August 2019. The Council also approved an exemption from GST on the hiring of Electric Buses by local authorities. Finance Minister Nirmala Sitharaman held the meeting through video conferencing. This is the first GST Council meeting after the presentation of 2019 Union Budget in Parliament on 5th of July. | |
| 168. |
India's Current Account Deficit (CAD) is expected to remain at how much percent of GDP? |
| Answer» According to Investment Information and Credit Rating Agency (IICRA), despite recent slowdown in Merchandise exports and imports, India's Current Account Deficit (CAD) is expected to remain steady at a range of 16-17 billion dollars or 2.3 % of GDP (Gross Domestic Product) in the first quarter. | |
| 169. |
CRISIL cuts India's GDP growth to __________ for FY20 on weak monsoon rains, muted corporate results. |
| Answer» Credit rating agency CRISIL lowered Gross Domestic Product (GDP) growth forecast for India by 20 basis points to 6.9 percent for this fiscal citing weak monsoon and slowing global growth. The GDP data for the first quarter taken into account for powering India's growth estimates. The development came days after the International Monetary Fund (IMF) cut India's growth by 30 basis points for the calendar years 2019 and 2020 to 7 per cent and 7.2 per cent respectively. The global analytical firm, in its latest report on the outlook for India in the financial year 2019 titled 'Uphill trek', the slowdown would be pronounced in the first half. The agricultural terms of trade are also expected to improve with a pick-up in food inflation, adding that farmers would benefit from income transfer of Rs 6,000 per year announced by the Centre. The sops announced so far might not be enough to pitchfork growth in this fiscal to, or above, the past 14-year average of 7 percent per annum. | |
| 170. |
As per Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY), how much amount will be provided to eligible farmers on attaining the age of 60? |
| Answer» The Union Government has recently started registration for the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) with an aim to improve the life of Small and Marginal Farmers of the country. This scheme for farmers has been announced in the Union Budget 2019-20. The scheme is voluntary and contributory for farmers in the entry age group of 18 to 40 years and a monthly pension of Rs. 3000/- will be provided to them on attaining the age of 60 years. The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age of entry, in the Pension Fund till they reach the retirement date i.e. the age of 60 years. The Central Government will also make an equal contribution of the same amount in the pension fund. The spouse is also eligible to get a separate pension of Rs.3000/- upon making separate contributions to the Fund. | |
| 171. |
How much amount will be invested in Infrastructure building by the government of India? |
| Answer» Government to invest Rs 100 lakh cr in infrastructure building. One nation, one constitution spirit has become a reality after scrapping of provisions of Article 370. There is a 'huge' scope for improvement in the tourism sector and everyone should visit at least 15 tourist destinations within India by 2022. India can become a 5 trillion dollar economy in the next 5 years. | |
| 172. |
SEBI announces reward of __________ crore cash for the new 'Informant Mechanism' under its Prohibition of Insider Trading (PIT) Regulations. |
| Answer» The Securities and Exchange Board of India (SEBI) announced a new mechanism to reward informants with up to Rs 1 crore cash through a specially created hotline SEBI's board approved a detailed set of rules for the new 'Informant Mechanism' under its Prohibition of Insider Trading (PIT) Regulations. The benefits available to individuals and corporates, and professionals like auditors will not be able to use this route as they are duty-bound to report any wrongdoing. | |
| 173. |
What is the maximum limit of the entity, for whom the Corporate tax rate will be gradually cut to 25%? |
| Answer» Corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25% and the government will support wealth creators. | |
| 174. |
According to India Ratings and Research, what is the GDP growth of India for 2019-20? |
| Answer» India Ratings and Research has revised its projection of the India's GDP growth in financial year 2019-20 to 6.7%. It has reduced the GDP growth rate from 7.3% to 6.7%. It expects GDP growth to recover to 7.4% in the second half of financial year 2019-20. | |
| 175. |
How much Tax Deduction at Source(TDS) will be deducted on cash withdrawals of over Rs 1 crore from September 1, 2019? |
| Answer» The Department of Revenue notified that 2% tax deduction at source (TDS) on cash withdrawals of over Rs 1 crore will come into effect from September 1, 2019. The government had made this provision in the Union Budget 2019-20 with an aim to discourage cash transactions and move towards less cash economy. | |
| 176. |
What is the new Merchant Discount Rate(MDR) for transactions above Rs 2,000 in BHIM UPI (Unified Payment Interface) transactions? |
| Answer» National Payments Corporation of India (NPCI) has waived merchant fees for offline UPI transactions of up to Rs 100 made using QR(Quick Response) code scan-and-pay. For the large transactions, merchant fees have been capped at Rs 100. ii. For other transactions, the merchant discount rate (MDR) has been hiked to 0.30% (maximum Rs 100). Currently, it is 0.25% for transactions up to Rs 2,000. It will be 0.65% for transactions above Rs 2,000. The revised MDR rates will come into effect from October 1, 2019. | |
| 177. |
As per CRISIL, What is the Gross Domestic Product(GDP) growth of India for the FY20(Fiscal Year 2020)? |
| Answer» Indian credit rating agency CRISIL (formerly Credit Rating Information Services of India Limited) has reduced the India's GDP (Gross Domestic Product) growth to 6.3% for FY20 (Fiscal Year 2020) from its previous estimate of 6.9%. The lower GDP growth forecast states about the India's deep economic slowdown and is broad-based than suspected. | |
| 178. |
Finance minister sets a __________ member task force to implement Rs 100 lakh crore infrastructure projects, recently. |
| Answer» Finance minister sets up 6 member task force to implement Rs 100 lakh crore infrastructure projects. The task force will draw up plan for the 'national infrastructure pipeline' from 2019-20 to 2024-25. The announcement comes at a time when growth has slowed to a six-year low of 5% in April-June. | |
| 179. |
Name the new tax refund Scheme, which will replace Merchandise Exports from India Scheme (MEIS). |
| Answer» Scheme for Remission of Duties or Taxes on Export Product (RoDTEP) will replace Merchandise Exports from India Scheme (MEIS). It will come into effect from January 1, 2020.Existing dispensation in textiles of MEIS + old Rebate of State Levies (RoSL) will continue up to 31.12.2019. Textiles and all other sectors which currently enjoy incentives upto 2% over MEIS will transit into RODTEP from January 1, 2020.In effect, RODTEP will more than adequately incentivize exporters than existing schemes put together. | |
| 180. |
Government has approved __________ interest rate on deposits in Employees Provident Fund for 2018-19. |
| Answer» Government has approved 8.65% interest rate on deposits in Employees Provident Fund for 2018-19. Ministry of Labour and Employment has notified 8.65% rate of interest on EPF deposits for its over six crore subscribers. The EPFO has been settling EPF withdrawal claims at 8.55% interest rate, approved for 2017-18. Now, the EPFO will settle accounts on higher rate of 8.65% for 2018-19. | |
| 181. |
As per the recent report, What is the new income tax rate of the new domestic manufacturing companies? |
| Answer» The Union Finance Minister Nirmala Sitharaman announced that in order to attract more investment in manufacturing, a new provision has been inserted in the Income Tax Act that will allow any new domestic company incorporated on or after October 1, 2019 making fresh investment in manufacturing to pay income tax at a rate of 15 percent. | |
| 182. |
India has been ranked at which position in the 2019 Ease of Doing Business rankings? |
| Answer» India was ranked at the 63rd position in the 2019 Ease of Doing Business rankings. The rankings were released by the World Bank. | |
| 183. |
Who will head the Inter-Ministerial Co-ordination Committee (IMCC), which is formed to check money laundering activities? |
| Answer» The 19-member Inter-Ministerial Co-ordination Committee (IMCC) has been set up under Ajay Bhushan Pandey and law enforcement agencies to prevent money laundering activities. | |
| 184. |
What is the latest GDP growth estimate of India by India Ratings and Research for the fiscal 2019-20? |
| Answer» The latest GDP growth estimate of India by India Ratings and Research for the fiscal 2019-20 is 6.1%. | |
| 185. |
To boost digital payments in India, which player along with Master Card has launched 'Team Cashless India'? |
| Answer» MasterCard, M S Dhoni launched 'Team Cashless India' campaign to boost digital payments in India. | |
| 186. |
The printing of which currency notes have been stopped by RBI recently? |
| Answer» The Reserve Bank of India (RBI) has announced that it has stopped the printing of Rs.2, 000 currency notes. | |
| 187. |
What will be India's economic growth rate for the year 2019 and 2020 as per the recent report released by the IMF? |
| Answer» International Monetary Fund has recently released the World Economic Outlook report. The report specifies that India's economic growth rate will be 6.1% in 2019 and 7 in 2020. | |
| 188. |
Which among these is the first Indian firm to reach the Rs 9 lakh crore market valuation mark? |
| Answer» Oil-to-telecom major Reliance Industries (RIL) became the first company in India to hit the market capitalisation of Rs 9 lakh crore. | |
| 189. |
Which app has won the DigiDhan Mission Fin-tech Award 2018-2019? |
| Answer» BharatPe has won the DigiDhan Mission Fin-tech Award 2018-2019 for 'Innovation in Digital Payments through Emerging Technology' at the MeitY Start-up Summit 2019 held in Delhi. | |
| 190. |
The Central government has formed a panel to suggest measures to mitigate financial stress in the sector. Who is head of this panel? |
| Answer» The Central government has formed a panel headed by the Cabinet Secretary (Rajiv Gauba, IAS, since 30 august 2019) to suggest measures to mitigate financial stress in the sector. The move comes after the Supreme Court ordered telecom companies to pay Rs.1.42 trillion in past statutory dues. | |
| 191. |
How much GST was collected in the country for the month of October-2019? |
| Answer» GST collection rose to Rs 95,380 crore in October against Rs 91,916 crore in September, but it was still 5.29 per cent less in comparison to Rs 1 lakh crore collected in the same month last year. Tax Collection in October (Rs Crore) is as follows: CGST: 17,582 SGST: 23,674 IGST: 46,517 Cess: 7,607 | |
| 192. |
In which country Blockchain-based carbon trading exchange has been launched? |
| Answer» New technology, blockchain-based carbon trading exchange has been launched in Singapore. This will enable airlines and other corporate buyers to buy and sell tokens approved by the International Civil Aviation Organization and supported by carbon offset credits. | |
| 193. |
Which e-commerce company has launched 'MarQ TurboStream' streaming stick? |
| Answer» Flipkart has launched a streaming stick under its private brand 'MarQ' by Flipkart, foraying into a segment that is rapidly gaining traction with Indian consumers, starting at Rs. 3,499. | |
| 194. |
What is the estimated cost for the Census 2021? |
| Answer» The Expenditure Finance Committee (EFC) has estimated the cost for the Census 2021 to be around Rs.8,754 crore. The nationwide exercise will be conducted in 16 languages. Upon the suggestions of the Technical Advisory Committee, certain changes have been made in the questionnaire. The reference date for the census will be on 1 March 2021. | |
| 195. |
According to the Chit Funds (Amendment) Bill, 2019, what is the maximum commission for a person managing the fund? |
| Answer» The Chit Funds (Amendment) Bill, 2019 was passed by the Lok Sabha on November 20, 2019. The Bill raises the monetary limits for chit funds by three times. The maximum chit amount raised from Rs 1 lakh to Rs 3 lakh for those managed by individuals or less than four partners, and from Rs 6 lakh to Rs 18 lakh for firms with four or more partners. The maximum commission for the person managing the fund raised to 7% from the current 5%. | |
| 196. |
Which e-commerce platform will open pop-up store on China's Pinduoduo until year-end? |
| Answer» Amazon.com Inc will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas. | |
| 197. |
India's Q2 GDP growth dips to over 6-year low of how much? |
| Answer» India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs. India's GDP growth hit an over six-year low of 4.5 per cent in July-September 2019, dragged mainly by deceleration in manufacturing output and subdued farm sector activity, according to data released on November 29. | |
| 198. |
Which has become first financial services player to go NCLT for a possible debt resolution? |
| Answer» The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution. DHFL has a debt of Rrs.83,873 crore. | |
| 199. |
According to the Rating agency CRISIL, what is the GDP growth for 2019-20? |
| Answer» Rating agency Crisil on December 2 sharply cut its growth forecast for the current financial year to 5.1 percent from an earlier estimate of 6.3 per cent. Growth in the second half of 2019-20 will go up to 5.5 percent, up from the 4.75 percent in the first half. | |
| 200. |
Walmart India, in partnership with which bank has unveiled co-branded credit card for 'Best Price' members? |
| Answer» Walmart India, in partnership with HDFC Bank, on December 2 launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale "B2B Cash & Carry" stores, offering "free credit up to 50 days. The card was launched in Hyderabad at Best Price Store. Simultaneously, the card was launched at 26 other Best Price Modern Wholesale Store locations across the country. | |