Business, Economy and Banking Current Affairs MCQ Quiz Quiz Questions

1. What is the Current Account Balance of India, in the second quarter ended September 2021?

A $ 9.6 billion surplus B $ 9.6 billion deficit C $ 0.6 billion surplus D $ 0.6 billion deficit

2. The Reserve Bank of India has recently revised the ‘Supervisory Action Framework’ of which category of banks?

A Public Sector Banks B Private Sector Banks C Foreign Banks D Urban Cooperative Banks

3. What is India’s GDP growth rate for the FY20, as estimated by the World Bank?

A 6% B 5.8% C 5.6% D 5.4%

4. What is the GDP growth rate of India in the 2020-21 fiscal, as estimated by the Moody’s Investors Service?

A 6.5% B 6.0% C 5.5% D 5.0%

5. ‘More Together’, a multi-lingual ad campaign is launched in India by which technological company?

A Google B Microsoft C Facebook D Amazon

6. What is the GDP growth rate of India in FY 20, as per the recent estimates (Feb ’20) of Fitch solutions?

A 5.2% B 5.1% C 5% D 4.9%

7. ‘KASH’ is a mutual fund platform of which smartphone manufacturer?

A Xiaomi B OPPO C Vivo D Realme

8. In context of the recent Cabinet approval on listing of Indian companies overseas, what does ‘GDR’ stand for?

A Government Deposit Receipts B Global Deposit Receipts C Global Depository Receipts D Government Depository Receipts

9. Who is the head of the proposed panel, which is set to review fiscal consolidation road map of Central and State Governments?

A Arvind Subramanian B N. K. Singh C Urjit Patel D Sajjid Chinoy

10. What is the current Cash Reserve Ratio, as per the recent announcement from the Reserve Bank of India?

A 4% B 3.75% C 3.5% D 3%

11. With which bank, Tata Motors has partnered with to offer car loan facilities?

A State Bank of India B Bank of Maharashtra C Bank of Baroda D ICICI Bank

12. Recently, which US bank has received a license from the IFSC Authority to set up its banking unit at India’s first International Financial Services Centre at GIFT City?

A Citibank B Bank of America C Chase Bank D Capital One

13. UAE, Uruguay and Bangladesh have been admitted to which global institution?

A New Development Bank (NDB) B International Monetary Fund C Asian Development Bank D African Development Bank

14. Which organization has partnered with the Assam government to provide project-specific loan for upgrading MSME clusters?

A NABARD B SIDBI C National Small Industries Corporation D State Bank of India

15. Where is the Organisation for Economic Co-operation and Development (OECD) headquartered?

A Dubai B Davos C Paris D Geneva

16. As per NSO First Advance Estimates, what is the GDP Growth forecasted for FY 2021-22?

A 8.5 % B 9.2 % C 10% D 11.5%

17. According to 2020 data, what is the rank of India in Millet Exports?

A First B Third C Fifth D Seventh

18. Which Indian company has formed a joint venture (JV) with Foxconn, to manufacture semiconductors in India?

A Vedanta B Tata C Hindalco D NALCO

19. What is the Repo rate after the Monetary Policy Committee (MPC) meeting held in April 2022?

A 4.50 % B 4.25 % C 4.00 % D 3.75 %

20. Where is the headquarters of the Fino Payment Bank located?

A Mumbai B Ahmedabad C Cochin D Chennai

21. Which group of companies has become 3rd in India to cross USD 100 billion in market capitalisation?

A Reliance B Tata C Microsoft D Adani

22. Who has been named the Chairperson of the re-constituted ‘Commodity Derivatives Advisory Committee’ of SEBI?

A Ashok Dalwani B M S Sahoo C Ajay Tyagi D N K Singh

23. Which financial institution is the regulator of housing finance companies (HFCs) after August 2019?

A National Housing Bank (NHB) B Reserve Bank of India (RBI) C Small Industries Development Bank of India (SIDBI) D Securities Exchange Board of India (SEBI)

24. The Finance Ministry has called for advisors for the process of Initial Public Offering (IPO) of which organisation?

A Air India B Bharat Petroleum Corporation Ltd C Life Insurance Corporation of India D Container Corporation of India

25. Which industry body through its Economic Outlook Survey projected India’s annual median GDP growth for 2020-21 at -4.5%?

A Federation of Indian Chambers of Commerce & Industry B Confederation of Indian Industry C NASSCOM D Associated Chambers of Commerce & Industry of India

26. Global Selling Programme (GSP) is an initiative of which E-Commerce company?

A Flipkart B Amazon C Snapdeal D Shopclues

27. What amount of refinance assistance will be provided by RBI to All India Financial Institutions (AIFIs)?

A Rs.5000 crore B Rs.50,000 crore C Rs.5 lakh crore D Rs. 50 lakh crores

28. Which type of institutions have been allowed to start functioning in Gujarat’s GIFT City?

A Payment Banks B NBFCs C AIFIs D Neo Banks

29. What is the estimated growth rate of India in FY 22, as per Oxford Economics?

A 8.5% B 10.2% C 12.5% D 14.2%

30. Which Indian airlines has recently rebranded itself as ‘Go First’?

A Indigo B Spice Jet C Go Air D 5 Air India

31. Which state-owned insurance company has been recommended by NITI Aayog for privatisation?

A NIA B NIICL C UIIC D GIC

32. As per Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, up to what amount the depositors of a stressed bank, put under moratorium, will be able to withdraw within 90 days?

A Rs 5 lakh B Rs 2 lakh C Rs 6 lakh D Rs 3 lakh

33. Recently, which public sector bank has been taken out of the Prompt Corrective Action (PCA) framework by the Reserve Bank of India?

A Union Bank of India B Punjab & Sind Bank C Bank of India D UCO Bank

34. What is the Consumer price inflation in India in September, as per the data released by NSO?

A 4.35 % B 4.8 % C 5.4 % D 6.2 %

35. What is the limit of Late Payment Surcharge, as advised by the Powers Ministry, to the Gencos and Trancos?

A 12% B 14% C 15% D 20%

36. Which business conglomerate is set to buy the retail business of Future Group?

A Reliance Industries Ltd B Tata Group C Adani Enterprises D Mahindra & Mahindra

37. What is the cap imposed by the government on the incentives under Merchandise Export from India Scheme (MEIS)?

A Rs.50 lakh B Rs.1 crore C Rs.2 crores D Rs.5 crores

38. The E Way Bill is implemented under the aegis of which body?

A Central Board of Direct Taxes B Central Board of Indirect Taxes and Customs C Enforcement Directorate D Finance Commission

39. Which bank has launched the country’s first comprehensive banking programme for millennials?

A HDFC Bank B Axis Bank C ICICI Bank D Yes Bank

40. Bombay Stock Exchange (BSE) partners with which bank, to empower Small and Medium Enterprises?

A Axis Bank B Yes Bank C Kotak Mahindra Bank D ICICI Bank

41. Which company becomes the second Indian firm to attain a market capitalisation of Rs 10 lakh crore?

A HDFC Bank B Tata Consultancy Services C Infosys D Future Group

42. Which Indian bank has launched a new mobile banking application for customers of all banks, named ‘iMobile Pay’?

A Yes Bank B ICICI Bank C HDFC Bank D Axis Bank

43. Which Indian Exchange has launched Futures trading in natural rubber?

A NCDEX B MCX C AGRIDEX D National Spot Exchange

44. The IRDAI is to introduce a standard insurance policy to cover the risk of fire and allied threats in which sector?

A Automobile B Housing C Health D Agriculture

45. What is the expansion of BNI, mentioned in the Economic Survey 2020-21?

A Broad Necessities Index B Bare Necessities Index C Base Necessities Indicator D Base National Indicators

46. As per the Insurance (Amendment) Bill, 2021, what is the new FDI limit in the insurance sector?

A 26 % B 49 % C 74 % D 100 %

47. Promoters of which company has been booked by CBI for fraud in PMAY scheme?

A Yes Bank B India Bulls C Lakshmi Vilas Bank D DHFL

48. As per the recent guidelines of the RBI, what is the maximum tenure of the MD & CEO or WTD (whole time director) of banks?

A 5 years B 10 years C 15 years D 20 years

49. Which is the first Small Finance Bank formed from a cooperative bank in India?

A Equitas Small Finance Bank B Jana Small Finance Bank C Bandhan Small Finance Bank D Shivalik Small Finance Bank