General Awareness Quiz For SEBI GRADE A Phase I 19th February

Q1. Which of the following compnay is set to acquire 100% stake in Allyis India and Green Investments?
(a) TCS
(b) Infosys
(c) CTS
(d) Wipro
(e) Tech Mahindra

Q2. What is the interest rate applicable on the Public Provident Fund Account (PPF)?
(a) 7.7%
(b) 7.5%
(c) 7.1%
(d) 7.3%
(e) 7.6%

Q3. What percent stake will be acquired by NTPC in Power Exchange of India Ltd (PXIL)?
(a) 3%
(b) 6%
(c) 4%
(d) 5%
(e) 7%

Q4. Name the world’s first company which has recently hit $3 trillion market cap.
(a) Apple
(b) Samsung
(c) Microsoft
(d) Amazon
(e) Intel

Q5. Reserve Bank of India has approved which Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS)?
(a) Paytm Payments Bank
(b) Airtel Payments Bank
(c) India Post Payments Bank
(d) Fino Payments Bank
(e) Jio Payments Bank

Q6. Which mutual fund has launched India’s first Auto Exchange Traded Fund (ETF)?
(a) ICICI Prudential Mutual Fund
(b) SBI Mutual Funds
(c) Axis Mutual Fund
(d) DSP Mutual Fund
(e) Nippon India Mutual Fund

Q7. Which of the following payments bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) recently?
(a) Jio Payments Bank
(b) India Post Payments Bank
(c) Fino Payments Bank
(d) Paytm Payments Bank
(e) Airtel Payments Bank

Q8. The Reserve Bank of India (RBI) has appointed _______ and Ajay Kumar Choudhary as new executive directors (ED) with effect from 03 January.
(a) Pradeep Sharma
(b) Deepak Kumar
(c) Vikram Singh
(d) Sonal Kumari
(e) Vijay Tripathi

Q9. How many buckets are used by RBI to classify banks as Domestic Systemically Important Banks (D-SIBs)?
(a) 1
(b) 2
(c) 3
(d) 4
(e) 5

Q10. Which Payments Bank has collaborated with Park+ to offer FASTag-based smart parking solutions?
(a) Paytm Payments Bank
(b) Airtel Payments Bank
(c) India Post Payments Bank
(d) Fino Payments Bank
(e) Jio Payments Bank

Q11. Who has been appointed as the Vice President of Asian Infrastructure Investment Bank (AIIB)?
(a) Raghuram Rajan
(b) Urjit Patel
(c) Viral Acharya
(d) Bimal Jalan
(e) Vikram Singh

Q12. As per the latest data by Finance Ministry, what is the approx amount deposited in bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme as on December 2021?
(a) Rs 2.0 lakh crore
(b) Rs 1.0 lakh crore
(c) Rs 2.5 lakh crore
(d) Rs 1.5 lakh crore
(e) Rs 3.0 lakh crore

Q13. Which Bank has announced a strategic collaboration with Google to fuel the Bank’s customer experience strategy?
(a) ICICI Bank
(b) RBL Bank
(c) State Bank of India
(d) Federal Bank
(e) Axis Bank

Q14. Who has been appointed as the head of the RBI’s department for “FinTech”?
(a) Ajay Kumar Choudhary
(b) Deepak Kumar
(c) Ajay Kumar
(d) T Rabi Sankar
(e) Jose J Kattoor

Q15. As per World Bank, what is the projected growth rate of Indian economy in current fiscal, FY22?
(a) 9.7%
(b) 8.0%
(c) 9.1%
(d) 8.3%
(e) 8.7%

Q16. Ind-Ra lowers India’s GDP growth forecast by 10 basis points to ______ in FY22.
(a) 9.3%
(b) 9.4%
(c) 9.5%
(d) 9.6%
(e) 9.7%

Q17. As per NSO’s first advance estimate, what is the estimated GDP growth rate of India in the fiscal 2021-22 (FY22)?
(a) 10.2%
(b) 8.2%
(c) 7.2%
(d) 9.2%
(e) 10.5%

Q18. Ministry of External Affairs (MEA) has appointed which company as the service provider for the second phase of the Passport Seva Programme (PSP-V2.0)?
(a) Tech Mahindra
(b) Tata Consultancy Services
(c) HCL Technologies
(d) ITC Limited
(e) Infosys

Q19. In the latest SBI Ecowrap report, what is the projected GDP growth rate of India in FY22?
(a) 9.7%
(b) 9.1%
(c) 9.5%
(d) 9.3%
(e) 9.8%

Q20. What is the latest value of foreign currency reserves of India as per the data by RBI?
(a) $621.581 billion
(b) $639.405 billion
(c) $642.453 billion
(d) $633.614 billion
(e) $654.616 billion

Solutions

S1. Ans.(e)
Sol. Tech Mahindra has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to USD 125 million.

S2. Ans.(c)
Sol. 7.1%. is the interest rate applicable on the Public Provident Fund Account (PPF) for 15-Year.

S3. Ans.(d)
Sol. State-owned power generation company NTPC Ltd. is set to acquire 5 percent equity stake in Power Exchange of India Ltd (PXIL).

S4. Ans.(a)
Sol. The stock market value of Apple Inc. hit $3 trillion (£2.2tn) briefly on January 03, 2022, becoming the world’s first company to do so.

S5. Ans.(d)
Sol. Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).

S6.Ans.(e)
Sol.Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF) launched a New Fund Offer (NFO) for Nippon India Nifty Auto Exchange Traded Fund (ETF).

S7. Ans.(e)
Sol. Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934.

S8. Ans.(b)
Sol. The Reserve Bank of India (RBI) has appointed Deepak Kumar and Ajay Kumar Choudhary as new executive directors (ED) with effect from 03 January.

S9. Ans.(e)
Sol. The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5. With Bucket 5 being the most important followed by rest in decreasing order.

S10. Ans.(b)
Sol. Airtel Payments Bank and Park+ have collaborated to offer FASTag-based smart parking solutions to marquee commercial and residential properties across India.

S11. Ans.(b)
Sol. Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as Vice President of the multilateral funding institution Asian Infrastructure Investment Bank (AIIB) for a period of three years.

S12. Ans.(d)
Sol. As per the latest data of finance ministry, the deposits in bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme have crossed Rs 1.5 lakh crore mark.

S13. Ans.(b)
Sol. RBL Bank and Google announced a strategic collaboration to fuel the Bank’s customer experience strategy.

S14. Ans.(a)
Sol. Reserve Bank of India (RBI) has set up a separate internal department for fintech (Financial technology) by subsuming the fintech division of DPSS (department of payment and settlement systems), Central Office (CO) to facilitate innovation, and help identify, address challenges and opportunities in the fintech sector.

S15. Ans.(d)
Sol. The World Bank retained its FY22 growth forecast for India at 8.3 per cent but upgraded it to 8.7 per cent for FY23.

S16. Ans.(a)
Sol. The rating agency India Ratings and Research (Ind-Ra) has downgraded the GDP of India for the current fiscal FY 2021-2022. Ind-Ra expects the GDP to clock a growth rate of 9.3% y-o-y in FY22. Earlier this estimate was 9.4%.

S17. Ans.(d)
Sol. The National Statistical Office (NSO) has estimated India’s GDP to grow at 9.2 percent in the current fiscal, 2021-22. NSO released its first advance estimates of economic output on January 07, 2022.

S18. Ans.(b)
Sol. The Ministry of External Affairs (MEA) has signed an agreement Tata Consultancy Services Limited (TCS) for the second phase of the Passport Seva Programme (PSP-V2.0).

S19. Ans.(c)
Sol. In the report, SBI researchers have revised upwards the real GDP of India to around 9.5 percent in 2021-22 (FY22) on a year-on-year (YoY).

S20. Ans.(d)
Sol. As per the latest Reserve Bank of India (RBI) data, the foreign currency reserves of India declined by $1.466 billion to $633.614 billion, in the last week of 2021, ended December 31, 2021.