InterviewSolution
Saved Bookmarks
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.
| 201. |
What is the limit of personal loans offered by recently launched Mi Credit? |
| Answer» Chinese major Xiaomi on December 3 formally launched its lending platform Mi Credit in India, wherein individuals can avail up to Rs 1 lakh loan, and plans to introduce more financial products. Till now, the company has been operating Mi Credit platform on a pilot basis. Last year, it had announced to offer loans of up to Rs 1 lakh in partnership with KreditBee. The current lending partners for Mi Credit are primarily NBFCs or fintechs such as Aditya Birla Finance Ltd, Money View, EarlySalary, Zestmoney and CreditVidya. | |
| 202. |
According to a recent report by Ministry of Micro, Small and Medium Enterprises, how much percent MSME sector has contributed to GDP? |
| Answer» Ministry of Micro, Small and Medium Enterprises reported that Micro, Small and Medium Enterprises sector has contributed over 29% of Gross domestic product (GDP) and over 49% of Indian exports. The report was submitted by the Union MSME Minister Nitin Gadkari. The Indian government has taken many initiatives to enhance the competitiveness of MSMEs. | |
| 203. |
Canada's Brookfield Infrastructure has partnered to acquire telecom tower assets of which company? |
| Answer» Brookfield Infrastructure Partners, the Canadian asset management company, will invest Rs 25,215 crore ($3.55 billion) in the telecom tower assets of Mukesh Ambani's Reliance Industries in a deal that will help strengthen the balance sheet of Reliance JioInfocomm. Reliance Industrial Investments & Holdings Ltd., a wholly owned unit of Reliance Industries, has entered into binding agreements with Brookfield Infrastructure and its institutional partners, which will invest the amount in units to be issued by the Tower Infrastructure Trust, the Indian oil-to-retail conglomerate said in a notice to the stock exchanges on December 16. | |
| 204. |
What is the fixed uniform tax rate on both state and private lottery? |
| Answer» The Goods and Services Tax (GST) Council fixed a uniform tax rate of 28% on both state and private lottery. The 38th GST Council was chaired by the Union Finance Minister Nirmala Sitharaman in New Delhi. The new rate for the lottery will be effective from March 2020.The GST Council rationalized the tax rate on woven and non-woven bags to 18%. Exemptions have been given on long-term lease for industrial plots. It aims to facilitate the setting up of industrial parks. The panel reduced the levy of penalty for non-filing of GSTR-1 from July 2017. | |
| 205. |
What is the minimum unit size of Bharat Bond ETF issued by Edelweiss Asset Management Company? |
| Answer» Edelweiss Asset Management Company has issued the first Bharat Bond ETF, the corporate bond exchange-traded fund in the country. The bond issue will close on 20 December 2019. The investors can subscribe to the exchange-traded fund (ETF) with a minimum unit size of Rs.1,000.Through the ETF, Edelweiss Mutual Fund proposed to raise an initial amount of Rs.3,000 crore. It has a greenshoe option of Rs.2, 000 crore in the 3-year maturity period (2023) and Rs.4, 000 crore with a greenshoe option of Rs.6, 000 crore in the 10-year maturity bucket (2030). | |
| 206. |
Operation twist is a move of which bank to buy and sell government securities? |
| Answer» On December 23, 2019, the Reserve Bank of India will buy and sell government securities of Rs 10,000 crores under a special Open Market Operation. Such moves are implemented by the federal bank in order to bring down the interest rates of long-term securities. This time RBI has named its move as "Operation Twist". | |
| 207. |
Which bank became the third company in India to achieve $100 billion market capitalization? |
| Answer» HDFC Bank Ltd has crossed the $100 billion market capitalization (M-Cap) in intraday trading, thus becoming only the third company in India to achieve this milestone. However, it closed below $100 billion mark at $99.5 billion. HDFC is one of India's largest private-sector lenders. | |
| 208. |
Which market regulator has signed a bilateral memorandum of understanding (MoU) with Kazakhstan-based Astana Financial Services Authority (AFSA) for mutual co-operation and technical assistance? |
| Answer» Markets regulator SEBI (Securities and Exchange Board of India) has signed a bilateral memorandum of understanding (MoU) with Kazakhstan-based Astana Financial Services Authority (AFSA) for mutual co-operation and technical assistance. The MoU was signed by SEBI Chairman Ajay Tyagi and the acting chief executive officer (CEO) of AFSA Mukhtar Bubeyev. | |
| 209. |
What is the new reverse repo rate according to the Bi-monthly Monetary Policy Report? |
| Answer» In view of the COVID-19 pandemic, the Reserve Bank of India's Monetary Policy Committee (MPC) decided to advance the Bi-monthly Monetary Policy meet which was scheduled to be held on 31st March 2020 and the announcement was meant to be made on 3rd April. The key decisions are: The repo rate under the liquidity adjustment facility (LAF) has been reduced by 75 basis points to 4.40%. The reverse repo rate under the LAF has been reduced by 90 basis to 4.00%. The marginal standing facility (MSF) rate and the Bank Rate have been reduced to 4.65%. | |
| 210. |
The country's foreign exchange reserves declined by USD 902 million to how much dollars in the week to April 3 due to a fall in foreign currency assets? |
| Answer» The country's foreign exchange reserves declined by USD 902 million to USD 474.66 billion in the week to April 3 due to a fall in foreign currency assets, according to the latest data from the Reserve Bank of India. | |
| 211. |
What is India's growth rate in 2020 as per IMF? |
| Answer» IMF projects India's growth rate at 1.9% in 2020, 7.4% in 2021 | |
| 212. |
The Central Board of Direct Taxes (CBDT) stated that it has already issued over 10.2 lakh refunds totalling to how much money as of 14 April 2020? |
| Answer» The Central Board of Direct Taxes (CBDT) stated that it has already issued over 10.2 lakh refunds totalling to around Rs.4,250 crore as of 14 April 2020. The move is in pursuance to the Government of India's decision to issue pending income tax refunds up to Rs.5 lakh in order to help taxpayers in a COVID-19 pandemic situation, on 8 April. | |
| 213. |
What is India's GDP growth for 2020-21 (FY21) predicted by Japanese brokerage firm Nomura Holdings? |
| Answer» Japanese brokerage firm Nomura Holdings, Inc. has also lowered India's FY21 GDP growth forecast to -5.2% from -0.4% predicted earlier. | |
| 214. |
Who has been appointed as the Chairman of National Institute of Public Finance and Policy? |
| Answer» The former governor of Reserve Bank of India (RBI) Urjit Patel was appointed as the Chairman of National Institute of Public Finance and Policy (NIPFP). He will start his 4 year tenure on 22nd June 2020 succeeding Vijay Laxman Kelkar, former chairman of NIPFP. | |
| 215. |
The Fifteenth Finance Commission commission has recommended the grant of how much Rs. for the period FY 2020-21 for Rural Local Bodies? |
| Answer» The Fifteenth Finance Commission (XV FC) has submitted its interim report for the period FY 2020-21 and the Government of India has accepted its recommendations in respect of the Rural Local Bodies (RLBs). The commission has recommended the grant of Rs.60,750 cr for the period FY 2020-21 for RLBs which is the highest ever allocation made by the Finance Commission in any single year. | |
| 216. |
According to the Moody's Global Macro Outlook report for June 2020, there will be a contraction of how much percent in India's gross domestic product in 2020? |
| Answer» According to the Moody's Global Macro Outlook report for June 2020, there will be a contraction of 3.1 % in India's gross domestic product (GDP) in 2020 & expects a change in geographical conditions in Asia due to tensions at the border between India and China. The slight relief for India is that GDP will reach the level of 6.9% in 2021. Till then, there will be a slow recovery in the Indian economy. | |
| 217. |
According to SBI report per capita income will decline by how much percent during 2020-21? |
| Answer» According to SBI report per capita income will decline by 5.4% during 2020-21 to Rs 1.43 lakh. | |
| 218. |
In accordance with the India Ratings and Research, India's Gross domestic Product is likely to shrink by what percent in FY20-21? |
| Answer» In accordance with the India Ratings and Research (Ind-Ra), India's Gross domestic Product (GDP) is likely to shrink by 5.3% in FY20-21, the lowest GDP growth in the Indian history. It will contract in each quarter in FY21 (April 2020 to March 2021). For FY21-22, it is expected that GDP growth would bounce back in the range of 5-6%. | |
| 219. |
Who launched the Credit Guarantee Scheme for Sub-ordinate debt which is also called the "Distressed Assets Fund-Sub-ordinate Debt for MSMEs" to provide Rs 20000 crore guarantee cover to two lakh MSMEs? |
| Answer» Nitin Gadkari(Minister of Micro Small and Medium Enterprises) launched the Credit Guarantee Scheme for Sub-ordinate debt(CGSSD) which is also called the "Distressed Assets Fund-Sub-ordinate Debt for MSMEs" to provide Rs 20000 crore guarantee cover to two lakh MSMEs. | |
| 220. |
IMF in the June 2020 update "A Crisis Like No Other, An Uncertain Recovery" of its flagship World Economic Outlook, has predicted that the Indian economy will have how much percent contraction in 2020? |
| Answer» The International Monetary Fund (IMF) in the June 2020 update "A Crisis Like No Other, An Uncertain Recovery" of its flagship World Economic Outlook (WEO), has predicted that the Indian economy will have a big 4.5 % contraction in 2020 and it will come down to a historic low. This historical decline will be the lowest level since 1961 due to the Coronavirus (covid-19) epidemic, its prevention measures and slowdown of economic activity. | |
| 221. |
Government has notified the new Floating Rate Savings Bonds, 2020 Scheme in place of 7.75% Savings Bonds, 2018. What is the new intrest rate? |
| Answer» Government has notified the new Floating Rate Savings Bonds (FRSB), 2020 (Taxable) Scheme in place of 7.75% Savings (Taxable) Bonds, 2018, with effect from July 1, 2020. The 7.75% Savings (Taxable) Bonds, 2018 Scheme was ceased for subscription from the close of banking business on May 28, 2020. The Floating Rate Savings Bonds, 2020 (Taxable) Scheme is going to issue a floating rate, taxable savings bond for an initial coupon of 7.15%, payable on January 1, 2021. | |
| 222. |
RBI has decided to extend the enhanced borrowing facility provided to banks till which date to meet the liquidity shortage in the midst of the economic crisis caused by the coronavirus epidemic? |
| Answer» In exercise of power conferred under the Section 24 of the Banking Regulation Act, 1949, India's central bank, the Reserve Bank of India (RBI) has decided to extend the enhanced borrowing facility provided to banks till September 30, 2020 to meet the liquidity shortage in the midst of the economic crisis caused by the coronavirus (COVID-19) epidemic. | |
| 223. |
Fitch Ratings Inc. in its June 2020 update of Global Economic Outlook, has lowered India's growth forecast for FY 2021-22 to what percent from 9.5 % projected in may 2020? |
| Answer» Fitch Ratings Inc., an American credit rating agency in its June 2020 update of Global Economic Outlook (GEO), has lowered India's growth forecast for FY 2021-22 to 8% from 9.5 % projected in may 2020 due to the toughest lockdown imposed by the central government to prevent the outbreak of Coronavirus (COVID-19). However, Fitch has not made any change in its previous estimate of a - 5% in the economy during the current financial year (FY 2020-21). | |
| 224. |
RBI conducted the simultaneous purchase of Government Securities maturing between 2027 and 2033, and sale of 182 day and 364 day treasury bills under Open Market Operations for how much worth each? |
| Answer» Reserve Bank of India conducted the simultaneous purchase of Government Securities, maturing between 2027 and 2033, and sale of 182 day and 364 day treasury bills (DTBs) under Open Market Operations for Rs 10,000 crore each. This OMO is a part of "Operation Twist" to ease pressure evolving liquidity and market conditions. The main purpose of the OMO is to bring down the yields at the longer end. | |
| 225. |
CARE Ratings Limited in its report, 'Revised GDP growth projections for FY21' has projected hwo much contraction in India's GDP growth for the current financial year FY 21? |
| Answer» CARE Ratings Limited ( formerly Credit Analysis and Research Limited) in its report, 'Revised GDP growth projections for FY21' has projected a 6.4 % contraction (or -6.4%) in India's GDP (Gross Domestic Product) growth for the current financial year FY 21 (2020-21) due to the continuous lockdown imposed for prevention of coronavirus (COVID-19) epidemic. Earlier in May 2020, the agency had predicted a 1.5 to 1.6 % decline in GDP for 2020-21. | |
| 226. |
According to the report "Annual Marine Fish Landings in India for 2019" by Central Marine Fisheries Research Institute, India's marine fish production has increased marginally by how much percent in 2019? |
| Answer» In accordance with the report "Annual Marine Fish Landings in India for 2019" by Central Marine Fisheries Research Institute (CMFRI), India's marine fish production has increased marginally by 2.1% to 3.56 million tonnes (mt) in 2019 as compared to 3.49 mt in 2018. | |
| 227. |
According to the Reserve Bank of India data, what is India's external debt in March 2020? |
| Answer» In accordance with the Reserve Bank of India data, India's external debt stood at $558.5 billion in March 2020, an increase of $15.4 billion or 2.8% as compared to the March 2019. The largest component of the external debt is Commercial borrowings with a share of 39.4%, followed by non-resident deposits at 23.4% and short-term trade credit at 18.2%. | |
| 228. |
India's GDP will contract by how much percnet in FY21 because of the COVID-19 pandemic, according to BofA Securities? |
| Answer» BofA Securities, a foreign brokerage, stated that India's GDP will contract by 3% in FY21 because of the COVID-19 pandemic, assuming the economy is opened up fully from next month. The Indian GDP will contract this fiscal, with some estimates ranging up to 7% negative growth. | |
| 229. |
In accordance with the Dun and Bradstreet's Country Risk and Global Outlook Report the global economy is likely to contract by how much percent in 2020? |
| Answer» In accordance with the Dun and Bradstreet's (D&B) Country Risk and Global Outlook Report, which has covered 132 countries, the global economy is likely to contract by 5.2% in 2020. This is the biggest decline since the Second World War and a far stronger contraction than the 1.7% recorded in 2009 during the global financial crisis. As per report, the global economy will not reach pre-pandemic levels of activity again before 2022. | |
| 230. |
ICRA Limited projects India's Gross Domestic Product to contract by what percent in FY21? |
| Answer» ICRA Limited (formerly Investment Information and Credit Rating Agency) projects India's Gross Domestic Product(GDP) to contract by 9.5%(-9.5%) in FY21 from 5% earlier forecasted as ongoing lockdowns in some states have affected the recovery seen in May and June 2020. | |
| 231. |
ADB approves USD __________ million to India to fight against COVID-19 pandemic. |
| Answer» Multilateral funding agency Asian Development Bank (ADB) has approved a $3 million (about Rs.22 crore) grant to India from its Asia Pacific Disaster Response Fund. They further support the government's emergency response to the COVID-19 pandemic. The grant is financed by the Japanese government. The funds will be used to procure thermal scanners and essential commodities to strengthen India's COVID-19 response. | |
| 232. |
Barclays Slashes India's GDP growth to What percent in FY21? |
| Answer» Barclays has predicted India's GDP to contract by 6% in 2020-21 (FY21). Earlier it had estimated a contraction of 3.2%.The reason for this downward revision of GDP is India's rising coronavirus infection curve. For FY22, Barclays has predicted India's GDP at 7% as compared to 7.4% earlier. | |
| 233. |
RBI projected India's growth to what percent? |
| Answer» On August 25, 2020, Reserve Bank of India (RBI) released its Annual Report for 2019-20. It is Report of the Central Board of Directors on the working of the Reserve Bank of India (RBI) for the year ended June 30, 2020 submitted to the Central Government in terms of Section 53(2) of the Reserve Bank of India Act, 1934. In the report, RBI projected that India's growth at minus 4.5% for 2020-21. It will be (-) 3.7% in the single hit scenario and (-) 7.3% in the double hit scenario in FY2020-21. | |
| 234. |
Which organisation approved acquisition by Tau Investment, Lightstone Fund S.A and Carlyle Group's Comfort Investments II? |
| Answer» Under Section 31(1) of the Competition Act, 2002, CCI has approved the acquisition by Lightstone Fund S.A., for and on behalf of Lightstone Global Fund (LGT) of certain equity stakes. | |
| 235. |
Government has decided to sell how much stake in Hindustan Aeronautics (HAL)? |
| Answer» The central government has decided to sell up to 15 percent stake in Hindustan Aeronautics (HAL) through an offer for sale (OFS) on August 27-28, 2020. The floor price has been fixed at Rs 1,001 per share. | |
| 236. |
India's real GDP likely to contract by what percent in FY21? |
| Answer» The State Bank of India's (SBI) Ecowrap report estimated that the real Gross domestic Product(GDP) for FY21 is expected to shrink by around 10.9%(-10.9%), a decline of full year growth, against its earlier estimate of 6.8%. | |
| 237. |
India's GDP growth contract by what percent in April-June quarter? |
| Answer» In accordance with the official data released by the National Statistical Office (NSO), Union ministry of statistics and programme implementation (Mospi) on August 31, 2020, India's gross domestic product (GDP) contract by 23.9% (-23.9%) in April-June period quarter of 2020 due to downfall in businesses and livelihood amid COVID-19 pandemic induced nationwide lockdown restrictions. | |
| 238. |
How many sectors identified for loan restructuring? |
| Answer» On September 7, 2020, the five member committee under the leadership of the former chief of New Development Bank K V Kamath submitted its report to the Reserve Bank of India. The panel was formed to make recommendations on financial parameters to be considered for one-time restructuring of loans that were affected by COVID-19 pandemic. Kamath Committee identified 26 sectors for loan restructuring. | |
| 239. |
Fitch projected Indian economy to contract by what percent in the FY21? |
| Answer» Fitch Ratings on Tuesday slashed India's FY21 growth projection to (-) 10.5 per cent, from (-) 5 per cent estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity. | |
| 240. |
Which organsiation has modified the Multi-Cap Mutual Funds category? |
| Answer» The equity allocation in a mufti-cap mutual fund across companies with varying market capitalization will soon change. SEBI has already issued guidelines regarding categorization and rationalization of Mutual Fund Schemes but in order to diversify the underlying investments of Multi-Cap Funds across the large, mid and small-cap companies and be true to label, SEBI has decided to partially modify the scheme characteristics of Multi-Cap Fund. | |
| 241. |
Which organisation shortlisted Airtel, Wipro and others to revamp its communication system? |
| Answer» Securities and Exchange Board of India which is responsible for regulating the Indian market in order to revamp its IT infrastructure network and communication system shortlisted top companies which includes, Bharti Airtel and Wipro and others. | |
| 242. |
Suguna Foods Private Limited signed $15 million deal with which organisation? |
| Answer» The Asian Development Bank (ADB) has signed an agreement for $15 million of debt financing through the subscription of nonconvertible debentures for Suguna Foods Private Limited (Suguna). The deal will help in sustaining poultry farming operations, as well as rural livelihoods and food security in India during the COVID-19 pandemic. | |
| 243. |
United Nations Conference on Trade and Development (UNCTAD) has predicted that the GDP of India will contract by what percent? |
| Answer» United Nations Conference on Trade and Development (UNCTAD) has predicted that the GDP of India will contract by 5.9% in the year 2020. For the year 2021, UNCTAD projects the Indian economy to grow by 3.9%. The projection was made in its Trade and Development Report 2020. | |
| 244. |
Council of Scientific & Industrial Research (CSIR) signed MoU with whom to collaborate in the area of Carbon Capture, Utilisation & Storage? |
| Answer» Considering the importance of Carbon Capture, Utilisation & Storage (CCUS) in India's fight against Climate Change and Global Warming, meeting the growing energy demands and building a strong ecosystem to meet commitments under Paris Agreement, Tata Steel Limited and the Council of Scientific & Industrial Research (CSIR) have joined hands to work in the field of CCUS. | |
| 245. |
Which company launched Make Small Strong campaign? |
| Answer» Google India on September 30, 2020 announced the launch of its nationwide campaign "Make Small Strong" in order to help support small businesses and drive demand through customer support. | |
| 246. |
How much was the Ways and Means Advances (WMA) limit fixed by GoI for the 2 second half FY21? |
| Answer» The Reserve bank of India (RBI),in consultation with the Government of India (GOI)has fixed 1,25,000 crores as the Ways and Means Advances (WMA) limit for the 2nd half of the financial years (FY) 2020-21, i.e., October 2020 to March 2021. When GoI utilises 75% of the WMA limit, RBI may trigger fresh floatation of market loans. | |
| 247. |
The gross domestic product of India has contracted to what percent in the April-June period? |
| Answer» Finance Minister Nirmala Sitharaman is addressing the media on the economic issues facing the country. Her press conference comes at a time when the country's GDP or gross domestic product contracted a record 23.9 per cent in the April-June period as the quarter fully captured the damage caused by the coronavirus pandemic-related restrictions, and is expected to shrink an overall 9.5 per cent in the current financial year by the Reserve Bank of India. | |
| 248. |
Which company has introduced the Group Safeguard Health Insurance Scheme with FreePaycard? |
| Answer» ICICI Lombard, the largest private company in the non-life insurance sector of the country, has introduced the group's health insurance scheme, along with FreePayCard. This is an insurance scheme for members of FreePayCard Retail Private Limited. According to this insurance scheme, if the holder of the FreePayCard accident or had to be hospitalized for treatment, then they will get the insurance cover. | |
| 249. |
Which company inked INR 400 Crore 'Project Parivartan' contract with Hindustan Aeronautics Limited? |
| Answer» Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions announced that it has inked a contract of INR 400 crore for ERP (Enterprise Resource Planning) implementation 'Project Parivartan' by Hindustan Aeronautics Limited (HAL). | |
| 250. |
Which organisation has sanctioned Rs 85 crore RIDF loan to Goa government? |
| Answer» Although there are still five months for the year to end, NABARD- Goa said that it had completed its targeted loan sanction under the Rural Infrastructure Development Fund (RIDF) to the state for 2020-21. The development financial institution disclosed that loans worth Rs 85.04 crore were sanctioned during the year to the Goa government under RIDF for various social infrastructure projects. | |