General Awareness Quiz for RBI Grade-B 2023-13th February

Q1. Food Corporation of India will off load__________ wheat from the Central pool stock to the market through various routes under the Open Market Sale Scheme (Domestic) to address the rising price of wheat and atta in the country-
(a) 30 lakhs metric tonne (LMT)
(b) 40 lakhs metric tonne (LMT)
(c) 50 lakhs metric tonne (LMT)
(d) 60 lakhs metric tonne (LMT)
(e) 70 lakhs metric tonne (LMT)
Q2. PepsiCo Foundation, the philanthropic arm of PepsiCo and CARE, launched a program in India to strengthen the role of small-scale women producers through sustainable training and economic support. What is the name of this program?
(a) She Deeds the World
(b) She Needs the World
(c) She Leads the World
(d) She Feeds the World
(e) None of the above
Q3.The volume of Unified Payments Interface (UPI) transactions touched a record 7.82 billion in December 2022, amounting to ______.
(a) Rs. 12.82 trillion
(b) Rs. 10.82 trillion
(c) Rs. 11.82 trillion
(d) Rs. 13.82 trillion
(e) Rs. 14.82 trillion
Q4.Coffee shipments from India, Asia’s third-largest producer and exporter, rose 1.66 percent to _____________in 2022 on rise in instant coffee exports and re-exports.
(a) 4 lakh tonne
(b) 2 lakh tonne
(c) 6 Lakh tonne
(d) 7 Lakh tonne
(e) 3 Lakh tonne
Q5. According to the Public Enterprises Survey 2021-22, the net profit of operating public sector enterprises jumped 50.87 percent to ₹ 2.49 lakh crore during 2021-22. Which organization emerged as the top performer?
(a) ONGC
(b) Indian Oil Corporation
(c) Power Grid
(d) NTPC
(e) SAIL

Q6.What was the GST collection of India in December 2023?
(a) 1.49 Lakh Crore
(b) 1.39 Lakh Crore
(c) 1.29 Lakh Crore
(d) 1.19 Lakh Crore
(e) 1.59 Lakh Crore
Q7. Siemens has signed a 3-billioneuro ($3.25 billion) contract to supply and service freight trains in India. The company is based in which of the following country?
(a) New Zealand
(b) Switzerland
(c) Germany
(d) Brazil
(e) Britain
Q8. Which company has invested around $300 million in Anthropic, an artificial intelligence startup whose technology is said to rival OpenAI, the company behind ChatGPT?
(a) Microsoft
(b) Google
(c) Apple
(d) Samsung
(e) Intel

Q9. Under the Annual Bilateral Agreement with Saudi Arabia for the Haj pilgrimage this year restored the original Haj quota which stands at ____.
(a) One Lakh
(b) One Lakh Twenty Thousand
(c) One Lakh Fifty Thousand
(d) One Lakh Twenty-Eight Thousand
(e) One Lakh Seventy Five Thousand Twenty-Five
Q10. IMF said growth in India is set to decline from ________ in 2022 to 6.1 per cent in 2023.
(a) 6.4 per cent
(b) 6.5 per cent
(c) 6.6 per cent
(d) 6.7 per cent
(e) 6.8 per cent

Solutions

S1. Ans. (a)
Sol. Food Corporation of India will off load 30 lakhs metric tonne (LMT) wheat from the Central pool stock to the market through various routes under the Open Market Sale Scheme (Domestic).
Additional Info-
• To address the rising price of wheat and atta in the country.
• Approval in this regard was given by Committee of Ministers (CoM) chaired by Union Home Minister Amit Shah.
• Duration: The offloading of wheat stock will be for January to March 2023.
Three Routes for offloading wheat Stock:
• 25 LMT Wheat will be offered to flour millers, bulk buyers etc through e-auction. It will be for a maximum quantity of 3000 MT per buyer, per auction, from a FCI Region.
• 2 LMT Wheat will be offered to State Governments/UTs for their schemes without e-auction.
• 3 LMT Wheat will be offered at a concessional rate of Rs.2350/Quintal to Government PSUs/cooperatives/federations, Kendriya Bhandar/NCCF/NAFED etc. without e-auction.
• Sale Price Cap under this scheme: The buyer buying wheat will convert it into atta and offer it to public at Maximum Retail Price of Rs.29.50 per Kg.
• Buyers willing to purchase wheat stocks may get empanelled themselves with FCI’s e-auction Service Provider “m-Junction Services Limited.

S2. Ans. (d)
Sol. PepsiCo Foundation, the philanthropic arm of PepsiCo and CARE, have launched ‘She Feeds the World’ program in India to strengthen the role of small-scale women producers through sustainable training.
S3. Ans.(a)
Sol.In December 2022, UPI has crossed 7.82 billion transactionsworth Rs 12.82 trillion.
Details:
 UPI was initially used mostly for P2P(Person-to-person) transactions, but has seen a significant shift towards P2M(Person-to-merchant) transactions in recent years.
 It is now the most popular payment method for P2M transactions in terms of volume.
S4. Ans.(a)
Sol.Coffee shipments from India, Asia’s third-largest producer and exporter, rose 1.66 percent to 4 lakh tonne in 2022 on the rise in instant coffee exports and re-exports. Exports stood at 3.93 lakh tonne in 2021.
Details:
 In value terms, coffee export was higher at Rs 8,762.47 crore in 2022 as against Rs 6,984.67 crore in the previous year. India ships both Robusta and Arabica varieties, besides instant coffee.
 Italy, Germany and Russia are the major export destinations for the Indian coffee.
S5. Ans. (a)
Sol. Oil and Natural Gas Corporation (ONGC) has emerged as the top performer.
Details:
 The net profit of operating public sector enterprises jumped 50.87 percent to ₹ 2.49 lakh crore during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers.
 The net profit of operating central public sector enterprises (CPSEs) stood at ₹ 1.65 lakh crore in the previous fiscal.
 The Public Enterprises Survey 2021-22 also revealed that the net loss of loss-making CPSEs narrowed to ₹ 0.15 lakh crore in FY 2021-22 from ₹ 0.23 lakh crore in FY 2020-21, showing a decrease of 37.82 percent.
 Major loss-making CPSEs include Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telecom Nigam Ltd (MTNL), Air India Assets Holding Ltd, Eastern Coalfields Ltd and Alliance Air Aviation Ltd.
S6. Ans.(a)
Sol.According to a government announcement, India’s goods and services tax receipts increased 15% year over year in December to Rs 1.49 lakh crore ($18.07 billion), suggesting robust economic activity throughout the holiday season.
In November, revenue from goods and services taxes totaledRs. 1.46 lakh crore.
S7. Ans. (c)
Sol. Siemens (the German engineering company) has signed a 3-billioneuro ($3.25 billion) contract to supply and service freight trains in India.
Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its biggest ever in India.
S8. Ans.(b)
Sol. Google has invested around $300 million in Anthropic, an artificial intelligence startup whose technology is said to rival OpenAI, the company behind ChatGPT.
S9. Ans.(e)
Sol. Under the Annual Bilateral Agreement with Saudi Arabia for the Haj pilgrimage this year has restored the original Haj quota which stands at one lakh 75 thousand 25.
S10. Ans.(e)
Sol. IMF said growth in India is set to decline from 6.8 per cent in 2022 to 6.1 per cent in 2023 before picking up to 6.8 per cent in 2024, with resilient domestic demand despite external headwinds.