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GA Topper Series: 9th June 2022 Quiz

GA Topper Series: 9th June 2022 Quiz: Hello Students, all those students who have cleared their prelims exams in the banking sector must be prepared with every topic in the General Awareness Section for the mains examinations. Bankersadda team has brought you up a new series in which we will come up with 10 questions with the correct answer and the detailed solution to the question.

Q1. World bank slashed the growth rate of India to 7.5%, it was released in which of the following reports?

(a) Global Economic Prospects Report

(b) World Economic Outlook

(c) World Employment and Social Outlook

(d) World Investment Report

Q2. Which state government has launched Beach Vigil App?

(a) Gujarat

(b) Goa

(c) Karnataka

(d) Kerala

Q3. Alok Kumar Choudhary took charge as MD of SBI. Whom did he replace?

(a) Navneet Munot

(b) Ashwini Bhatia

(c) Usha Thorat

(d) Madhabi puri Buch

Q4. Which country hosted the multinational joint exercise Khaan Quest 2022?

(a) India

(b) UK

(c) Mongolia

(d) China

Q5. Which Edtech company collaborated with SBI to launch Upschool?

(a) Byjus

(b) Uncademy

(c) Adda 24/7

(d) Khan academy

Q6. Prime Minister Narendra Modi has launched a special series of coins that are also ‘visually impaired friendly’. The coins of what denomination were launched?

(a) Re 1, Rs 2,5 only

(b) Re, 1, Rs 10,20

(c)Re 1 only

(d) both a and b

Q7. What is the theme of World Food safety day 2022?

(a) Food safety is universal

(b) Food safety and beyond

(c) Food safety, everyone’s business

(d) none of these

Q(8-10). The following questions are in a relation

Q8. Recently RBI has differentiated NBFCs into different categories in its Scale Based Regulation (SBR), How many categories are there?

(a)2

(b) 3

(c) 4

(d)5

Q9. What activities are undertaken by NBFC in the base layer are included?

  1. NBFC-Peer to Peer Lending Platform (NBFC-P2P) 
  2. NBFC-Account Aggregator (NBFC-AA)
  3. Non-Operative Financial Holding Company (NOFHC) 
  4. NBFCs not availing public funds and not having any customer interface1

Choose the correct code

(a)1,2,3

(b)2,3,4

(c)1,3,4

(d),1,2,3,4

Q10. All the deposit-taking NBFCs irrespective of asset size are included in which category of NBFC?

(a) Base layer

(b) Middle layer

(c) Upper layer

(d) Top Layer

 

GA Topper Series: 9th June 2022 Quiz_50.1

Solutions

Ans.1.(a)

Why this question?

The World Bank has slashed its growth forecast for India for the current financial year to 7.5 percent, a hefty 1.2 percentage points down from its previous forecast of 8.7 percent. Writing in its latest Global Economic Prospects report released, the World Bank said it cut India’s GDP growth forecast due to headwinds from rising inflation, supply chain disruptions, and geopolitical tensions.

Other reports and their institution

World Economic Outlook: IMF

World Investment Report: UNCTAD

World Employment Social Outlook: ILO

Ans.2.(b)

Goa CM Launches ‘Beach Vigil App’ for Holistic Management of beaches

Ans.3(b)

Alok Kumar Choudhary has taken charge as the new Managing Director (MD) of the State Bank of India (SBI).

He replaces former MD Ashwini Bhatia who took charge as a whole-time member of the Securities and Exchange Board of India (SEBI).

Ans.4.(c)

Multinational Joint Exercise ‘Ex Khaan Quest 2022′ commenced in Mongolia; IA’s Contingent Ladakh Scouts Participates

Khaan Quest is a regularly scheduled exercise co-sponsored by the United States Indo-Pacific Command (USINDOPACOM) and hosted by the Mongolian Armed Forces

Ans.5.(d)

The SBI Foundation has launched UpSchool, a digital learning platform for students in classes 1 to 10, in partnership with Khan Academy, an educational non-profit organization in India. The initiation of this partnership took place in Punjab

Ans.6.(d)

Prime Minister Narendra Modi has launched a special series of coins that are also ‘visually impaired friendly’. The coins of Re 1, Rs 2, 5, 10, and 20 denominations will have the Azadi Ka Amrit Mahotsav (AKAM) design. They are not commemorative coins and will be part of the circulation. These new series of coins will remind people of the goal of Amrit Kal and motivate people to work towards the development of the country.

Ans.7.(c)

The United Nations(UN)’s World Food Safety Day is annually observed across the globe on the 7th June to create awareness about the importance of improving food safety.

The World Food Safety Day 2022 is observed under the slogan “Food safety, everyone’s business”

Ans.8.(c)

There are 4 categories-

  • NBFC Base Layer (NBFC-BL)
  • NBFC – Middle Layer (NBFC-ML
  • NBFC–Upper Layer (NBFC-UL)
  • NBFC– Top Layer (NBFC-TL)

Ans.9.(d)

NBFC Base Layer (NBFC-BL):  It is the lowest layer, and comprises (a) non-deposit taking NBFCs below the asset size of Rs 1000 crore and (b) NBFCs undertaking the following activities: 

  • NBFC-Peer to Peer Lending Platform (NBFC-P2P) 
  • NBFC-Account Aggregator (NBFC-AA)
  • Non-Operative Financial Holding Company (NOFHC) 
  • NBFCs not availing of public funds and do not have any customer interface1

Ans.10.(b)

Definitions of Middle upper and top layer. 

NBFC – Middle Layer (NBFC-ML): It is the middle layer and comprises of 

(a) all deposit-taking NBFCs (NBFCDs), irrespective of asset size, 

(b) non-deposit taking NBFCs with asset size of Rs 1000 crore and above and

(c) NBFCs undertaking the following activities: • Standalone Primary Dealers (SPDs) • Infrastructure Debt Fund – Non-Banking Financial Companies (IDF-NBFCs) • Core Investment Companies (CICs) • Housing Finance Companies (HFCs) • Infrastructure Finance Companies (NBFC-IFCs).

NBFC–Upper Layer (NBFC-UL): It comprises those NBFCs which are specifically identified by the RBI as warranting enhanced regulatory requirements. The top ten eligible NBFCs in terms of their asset size shall always reside in the upper layer, irrespective of any other factor. 

NBFC– Top Layer (NBFC-TL): It will ideally remain empty. It will be only filled if RBI opinions that there is a substantial increase in the potential systemic risk from specific NBFCs in the Upper Layer. Such NBFCs shall move to the Top Layer from the Upper Layer.

IBPS RRB Notification 2022

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