General Awareness Quiz for Bank Mains Exams 2023-22nd March

Q1. CRISIL expects India’s gross domestic product (GDP) growth to touch what percentage in fiscal 2024?
(a) 7%
(b) 5.3%
(c) 4.8%
(d) 6%
(e) None of the above

Q2. As per the Ministry of Commerce and Industry, India’s Wholesale price index (WPI)-based inflation registered at how much percent in February?
(a) 3.85%
(b) 4.73%
(c) 2.51%
(d) 5.22%
(e) None of the above

Q3. As per the Ministry of Statistics and Programme Implementation, India’s gross domestic product (GDP) growth rate slows to how much percent for the second straight quarter in the October-December period?
(a) 6.3%
(b) 4.4%
(c) 3.2%
(d) 7.8%
(e) None of the above

Q4. Joblessness as measured by the CMIE All India unemployment rate remained elevated in February 2023 and rose to how much percent?
(a) 8.30%
(b) 6.72%
(c) 9.56%
(d) 7.45%
(e) None of the above

Q5. India’s Unified Payments Interface (UPI) is shortly to be connected to comparable networks in Indonesia, Mauritius, and the United Arab Emirates (UAE). In which year UPI was introduced in India?
(a) 2018
(b) 2016
(c) 2012
(d) 2019
(e) None of the above

Q6. Name the Indo-American woman judge who has been named as the first justice of a district court in USA state of Massachusetts recently.
(a) Hiral Shah
(b) Shivani Seth
(c) Tejal Mehta
(d) Aparajita Singh
(e) None of the above

Q7. How much crore of the gross goods and service tax (GST) revenue has been collected in the month of February 2023?
(a) Rs 1.68 lakh crore
(b) Rs 1.49 lakh crore
(c) Rs 1.34 lakh crore
(d) Rs. 1.18 lakh crore
(e) None of the above

Q8. The Organisation for Economic Cooperation and Development (OECD) has increased its growth projection for India to what percent for the fiscal year 2024?
(a) 5.9%
(b) 6.9%
(c) 7.9%
(d) 8.9%
(e) None of the above

Q9. Who has been appointed as the first Indian American judge of the Manhattan Federal District Court in New York?
(a) Arun Subramanian
(b) Manpreet Singh
(c) Sri Srinivasan
(d) Surendran Pattel
(e) None of the above

Q10. According to data published by the Ministry of Statistics and Programme Implementation, India’s retail inflation for February slows down to how much percent?
(a) 3.59%
(b) 5.72%
(c) 4.80%
(d) 6.44%
(e) None of the above

Solutions

S1. Ans(d)
Sol. CRISIL expects India’s gross domestic product (GDP) growth to touch 6% in fiscal 2024, compared with 7% estimated by the National Statistics Office (NSO) for fiscal 2023.
S2. Ans (a)
Sol. India’s Wholesale price index (WPI)-based inflation eased below the 4 per cent-mark in February and was recorded at 3.85 per cent, data released by the Ministry of Commerce and Industry showed.
S3. Ans(b)
Sol. India’s gross domestic product (GDP) growth rate fell for the second straight quarter in the October-December period, coming in at 4.4 percent.
S4.Ans (d)
Sol. Joblessness as measured by the CMIE All India unemployment rate remained elevated in February 2023 and rose to 7.45% from 7.14% in the previous month.
S5. Ans(b)
Sol. India’s Unified Payments Interface (UPI) is shortly to be connected to comparable networks in Indonesia, Mauritius, and the United Arab Emirates (UAE). UPI was introduced in 2016.
S6. Ans(c)
Sol. Tejal Mehta, an Indian-American woman judge who promised to make a real impact to the community and treat people with compassion, has taken oath as the first Justice of a district court in the US state of Massachusetts.
S7. Ans(b)
Sol. The gross goods and service tax (GST) revenue collection in the month of February 2023 stood at Rs 1,49,577 crore, up around 12% on an annual basis.
S8. Ans(a)
Sol. The Organisation for Economic Cooperation and Development (OECD) has increased its growth projection for India by 20 basis points to 5.9% for the fiscal year 2024, according to its latest interim outlook report titled “Fragile Recovery.”
S9. Ans(a)
Sol. Arun Subramanian, an attorney, has been appointed as the first Indian American judge of the Manhattan Federal District Court in New York.
S10. Ans(d)
Sol. India’s retail inflation for February slows down to 6.44 percent as against 6.52 percent in January 2023, according to data published by the Ministry of Statistics and Programme Implementation.