1. As per the latest meeting of RBI MPC, what is the policy repo rate?
[A] 4.4%
[B] 3.4%
[C] 4%
[D] 4.6%
Show Answer
Correct Answer: C [4%]
Notes:
So Recently , The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting was held and the committee decided to keep the repo rate unchanged for the 9th consecutive time in order to maintain an accommodative stance.
2. Which state has signed a Memorandum of Understanding with Ather Energy to create 1000 charging stations for two-wheeler electric vehicles?
[A] Punjab
[B] Karnataka
[C] Maharashtra
[D] Jharkhand
Show Answer
Correct Answer: B [Karnataka]
Notes:
The government of Karnataka has signed an MoU with Ather Energy and Electric Supply Companies (ESCOMs).
3. Which country agreed to buy 420 wide gauge wagons from Hindustan Engineering and Industries Limited (HEIL) in India?
[A] Bangladesh
[B] Nepal
[C] Bhutan
[D] Sri Lanka
Show Answer
Correct Answer: A [Bangladesh]
Notes:
The Bangladesh Railway has signed an agreement with Hindustan Engineering and Industries Limited (HEIL).
4. The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept Repo Rate unchanged at _____ per cent ?
[A] 4.2
[B] 4.1
[C] 4.0
[D] 4.4
Show Answer
Correct Answer: C [4.0]
Notes:
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das kept the repo rate unchanged at 4 per cent for the 10th consecutive time while maintaining an ‘accommodative stance’ as long as necessary.
5. As per Moody’s, India’s GDP to be at ____ for FY22?
[A] 7.5%
[B] 9.5%
[C] 8.5%
[D] 10.5%
Show Answer
Correct Answer: B [9.5%]
Notes:
As per Moody’s Rating Agency, India’s GDP growth is estimated to be 9.5% for FY22.
6. In the International Intellectual Property Index 2022, where does India rank?
[A] 57th
[B] 43rd
[C] 28th
[D] 72nd
Show Answer
Correct Answer: B [43rd]
Notes:
The International Intellectual Property Index 2022 was released by the Global Innovation Policy Center of the U.S. Chamber of Commerce.
7. Which bank signed a Memorandum of Understanding with SELCO Solar Light Private Limited to provide energy access to the underserved?
[A] Indian Bank
[B] Karur Vysya Bank
[C] Bank of Baroda
[D] Karnataka Bank
Show Answer
Correct Answer: D [Karnataka Bank]
Notes:
The Karnataka Bank has signed MoU with SELCO Solar Light Private Limited with an aim to offer energy access in the underserved sector. The financial support via loans at affordable interest rates to install SELCO based solar energy products will be granted by the bank.
8. Who has recently been appointed as SoftBank’s Managing Partner?
[A] Urjit Patel
[B] Subhash Kumar
[C] Munish Varma
[D] None
Show Answer
Correct Answer: C [Munish Varma]
Notes:
Munish Varma has recently resigned from the board of One97 Communications, the parent firm of Paytm, and became Managing Partner at SoftBank. He was a non-executive and non-independent director on the board of the company which owns the Paytm app. Recently SoftBank is holding 17.4% of the stake at Paytm.
9. Sri Lanka has received a how much billion dollar line of credit from the Indian government to help with food, medical supplies, and other essentials?
[A] USD 1
[B] USD 2
[C] USD 3
[D] USD 4
Show Answer
Correct Answer: A [USD 1]
Notes:
The Indian government has issued a USD 1 billion line of credit (LoC) for Sri Lanka to aid in the import of food, necessary products, and medication. On March 15, 2022, Sri Lankan Finance Minister Basil Rajapaksa will visit India to finalize the agreement. Sri Lanka is currently experiencing a serious economic crisis. India is extending the Line of Control as part of its efforts to aid its neighboring country in combating the COVID-19 pandemic and mitigating its negative impact on its development aspirations.
10. To solve India’s water concerns, which organization is developing a new multidisciplinary water management and policy centre called as ‘AquaMAP’?
[A] Indian Institute of Technology (IIT) Mumbai
[B] Indian Institute of Technology (IIT) Madras
[C] Indian Institute of Technology (IIT) Kolkata
[D] Indian Institute of Technology (IIT) Jodhpur
Show Answer
Correct Answer: B [Indian Institute of Technology (IIT) Madras]
Notes:
The Indian Institute of Technology (IIT) Madras builds a new interdisciplinary water management and policy centre known as ‘AquaMAP’ to address India’s water issues. The centre will build scalable models employing novel technology to provide smart solutions for water concerns. As proof of concept, these models will be installed in various areas across the country.
