Important Current Affairs Quiz for Bank Mains Exams 2021- 9th November

Q1.The government has recently enhanced the income limit of disabled dependents to be eligible for family pension for life from Ministry of Defence. What is the new limit?
(a) less than 20% of the last pay drawn
(b) less than 10% of the last pay drawn
(c) less than 30% of the last pay drawn
(d) less than 40% of the last pay drawn
(e) less than 50% of the last pay drawn

Q2.Which company has recently acquired 100% stake in digital lending startup CreditMate?
(a) Facebook
(b) ICICI Bank
(c) State Bank of India
(d) PhonePe
(e) Paytm

Q3.What was the Revenue collected from Goods and Services Tax (GST) in September?
(a) Rs 1.04 lakh crore
(b) Rs 1.17 lakh crore
(c) Rs 1.10 lakh crore
(d) Rs 1.05 lakh crore
(e) Rs 1.20 lakh crore

Q4.Tax Inspectors Without Borders (TIWB) program has been launched by which of the following nation in partnership with India?
(a) Maldives
(b) Mauritius
(c) Seychelles
(d) Srilanka
(e) Costa Rica

Q5.The Moody’s Investor Service has recently revised the sovereign rating outlook of India to _______.
(a) Stable
(b) Negative
(c) Neutral
(d) Prime
(e) Positive

Q6.Which fintech company has recently announced its entry into the ‘Buy Now Pay Later’ (BNPL) category with the launch of ‘postpe’?
(a) PhonePe
(b) BharatPe
(c) Paytm
(d) MobiKiwk
(e) Google Pay

Q7.Fitch Ratings has projected India’s economic growth at ______________ for FY22.
(a) 7.4%
(b) 8.7%
(c) 8.6%
(d) 7.5%
(e) 9.8%

Q8.The Reliance Industries Limited (RIL) has acquired what percent of stake in the Chinese-owned REC Group, through its subsidiary Reliance New Energy Solar Ltd (RNESL)?
(a) 80%
(b) 60%
(c) 70%
(d) 100%
(e) 50%

Q9. FICCI has projected India’s GDP growth for FY22 at ________________.
(a) 7.0%
(b) 7.5%
(c) 8.6%
(d) 9.1%
(e) 10.5%

Q10.India has recently agreed to provide a USD 200 million Line of Credit support for development projects of which of the following country?
(a) Kazakhstan
(b) Uzbekistan
(c) Tajikistan
(d) Kyrgyzstan
(e) Azerbaijan

Solutions

S1. Ans.(c)
Sol. The child/sibling will be eligible for family pension for life, if his/her overall income from sources other than family pension is less than 30% of the last pay drawn by the deceased government servant/pensioner concerned plus the dearness relief admissible thereon.

S2. Ans.(e)
Sol. Digital payment services provider Paytm has acquired 100% stake in Mumbai-based digital lending startup CreditMate. However, the transaction details of the deal have not been disclosed.

S3. Ans.(b)
Sol. The government has collected Rs 1,17,010 crore GST for the month of September which is 23% higher than the same period last year.

S4. Ans.(c)
Sol. Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with India.

S5. Ans.(a)
Sol. Rating agency Moody’s Investors Service has upgraded India’s sovereign rating outlook to ‘stable’ from ‘negative’, following an improvement in the financial sector and faster-than expected economic recovery across sectors.

S6. Ans.(b)
Sol. Fintech company BharatPe, announced its entry into the ‘Buy Now Pay Later’ (BNPL) category with the launch of ‘postpe’. The new platform provides credit to customers to buy now, but pay later from anywhere.

S7. Ans.(b)
Sol. Fitch Ratings has cut India’s economic growth forecast to 8.7 per cent for the current fiscal but raised GDP growth projection for FY23 to 10%, saying the second COVID-19 wave delayed rather than derail the economic recovery.

S8. Ans.(d)
Sol. Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has acquired 100 percent shareholding of REC Solar Holdings AS (REC Group), a Chinese state-owned solar power company.

S9. Ans.(d)
Sol. Ficci projects 9.1% GDP growth for FY22. India’s GDP is expected to grow at 9.1 per cent in 2021-22 as economic recovery, post the second wave of the pandemic, seems to be holding ground.

S10. Ans.(d)
Sol. India, Kyrgyz Republic agree on 200 million US Dollar Line of Credit to support development projects.