Important Current Affairs Quiz for Bank Mains Exams 2022- 02nd March

Q1. What percent of India’s retail inflation measured by the consumer price index (CPI) for the month of January?
(a) 5.89%
(b) 6.01%
(c) 3.45%
(d) 4.07%
(e) None of the above

Q2. The Reserve Bank of India (RBI) emerged as the second-largest buyer of yellow metal among the world’s Central Banks in 2021. Which country’s central bank is the largest buyer of gold?
(a) Saudi Arabia
(b) USA
(c) Singapore
(d) Thailand
(e) None of the above

Q3. Ministry of statistics and programme implementation (MoSPI) has projected India’s gross domestic product (GDP) deflator for FY23 at_______.
(a) 3.5 to 4%
(b) 4 to 4.5%
(c) 3 to 3.5%
(d) 4.5 to 5%
(e) None of the above

Q4. The Government of India has done a conversion switch transaction of its securities with the Reserve Bank of India (RBI) for an amount of ___________.
(a) 1,79,901 crores
(b) 1,19,701 crores
(c) 1, 39,201 crores
(d) 1,69,102 crores
(e) None of the above

Q5. The Centre has reduced the agri-cess for Crude Palm Oil from _______ per cent to _______ per cent.
(a) 10 to 5
(b) 10 to 7.5
(c) 5 to 2.5
(d) 7.5 to 5
(e) None of the above

Q6. With increased investment limit of how much rupees, RBI reopens Voluntary Retention Route?
(a) Rs 4,50,000 cr
(b) Rs 3,50,000 cr
(c) Rs 2,50,000 cr
(d) Rs 1,50,000 cr
(e) None of the above

Q7. The union budget projected nominal GDP growth rate to be at what percent for FY23?
(a) 8.1%
(b) 11.1%
(c) 12.1%
(d) 9.1%
(e) None of the above

Q8. What is the India’s wholesale inflation in January?
(a) 12.96 %
(b) 13.56%
(c) 11.88%
(d) 14.78%
(e) None of the above

Q9. India has become the second country after __________to implement the T+1 stock settlement mechanism in a phased manner from 25 February.
(a) China
(b) Japan
(c) Hong Kong
(d) USA
(e) None of the above

Q10. What is the estimation made by Domestic rating agency CRISIL has estimated FY23 real GDP growth?
(a) 9.2%
(b) 8.3%
(c) 6.9%
(d) 7.8%
(e) None of the above

Solutions

S1.Ans(b)
Sol. India’s retail inflation, as measured by the consumer price index (CPI), accelerated to 6.01% in the month of January, breaching the Reserve Bank of India (RBI) tolerance band of 6%.

S2.Ans (d)
Sol. The largest buyer, the Central Bank of Thailand, bought 90 metric tonnes of gold while RBI bought 77.5 metric tonnes taking its total gold reserve.

S3.Ans(c)
Sol. Ministry of statistics and programme implementation (MoSPI) has projected India’s gross domestic product (GDP) deflator for FY23 at 3 to 3.5%.

S4.Ans (b)
Sol. The Government of India has done a conversion switch transaction of its securities with the Reserve Bank of India (RBI) for an amount of 1,19,701 crores (face value).

S5.Ans(d)
Sol. The Centre has reduced the agri-cess for Crude Palm Oil from 7.5 per cent to 5 per cent.

S6.Ans(c)
Sol. RBI reopens Voluntary Retention Route with investment limit of Rs 2,50,000 cr.

S7.Ans(b)
Sol. The Government’s own projection on real GDP growth for FY23 is at 7.6-8.1% and the union budget projected nominal GDP growth rate to be 11.1% for FY23.

S8.Ans(a)
Sol. India’s wholesale inflation has eased to 12.96 % in January from 13.56 % in the previous month.

S9.Ans(a)
Sol. India has become the second country after China to implement the T+1 stock settlement mechanism in a phased manner from 25 February.

S10.Ans(d)
Sol. Domestic rating agency CRISIL has estimated FY23 real GDP growth at 7.8 per cent as compared with the 8.5 per cent projected in the Economic Survey.