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Banking and Economy Current Affairs Quiz - July 2019

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1. PNB Subsidiary PNB Housing Finance Ltd has raised $100 million from World Bank Group Member International Finance Corporation. This is 1st ECB (_______________________) outlay made under RBI automatic route for current financial year (FY2019-20) (out of upto $750 million ECB allowed by RBI).

  1. RBI also relaxed  norms of funds raised through External Commercial Borrowings (ECB) for second time this year, to raise cheaper Offshore funds by Corporates and Non Banking Financial Companies (NBFC). Over last 10 months many corporates and NBFCs have faced liquidity shortage due to the collapse of Infrastructure Leasing and Financial Services (IL&FS) in September 2018.
External commercial borrowings
Economical commercial borrowings
External conversion borrowings
Economic conversion borrowings
None of These


2. 36th GST Council Meeting held in New Delhi, under chairmanship of Finance & Corporate Affairs Minister Nirmala Sitharaman. Key Highlights

  1. GST rate on all electric vehicles be reduced from ________________ to 5%.
  2. GST rate on charger or charging stations for Electric vehicles be reduced from 18% to 5%.
  3. Hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities be exempted from GST.
15 %
18 %
12 %
28 %
None of These


3. 7th Economic Census (EC), conducted by Ministry of Statistics and Programme Implementation (MoSPI) commenced from ________________________. It is held after a gap of 5 years. As per previous Economic Census conducted in 2013, there were 58.5 million establishments employing around 131 million workers.

  1. Implementing Agency is Common Services Centers (CSC) e-Governance Services India Limited, a Special Purpose Vehicle (SPV) under Ministry of Electronics and Information Technology (MeITY).
  2. Fieldwork will be completed by December and results at national level will be available by March 2020.
Assam
Mizoram
Meghalaya
Tripura
None of These


4. Atal Pension Yojana ((APY), launched in May ________________, has reached 1.68 crore subscribers so far. It aims at creating a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector.

2014
2018
2017
2016
2015


5. A Committee constituted by Reserve Bank of India (RBI) submitted its Report, recommending limit for collateral free lending to be increased to Rs.______________ lakh for MSMEs and Self-Help Groups (SHGs). Committee has also recommended revision of loan limit sanctioned under MUDRA to Rs.20 lakh from Rs.10 lakh.

25
15
20
30
None of These


6. According to Credit Rating Agency (ICRA), India’s Current Account Deficit (CAD) will remain steady at a range of 16-17 billion dollars or ___________________ % of GDP (Gross Domestic Product) in first quarter, despite recent slowdown in Merchandise exports and imports.

  1. CAD is expected to widen from 63 to 68 billion dollars in FY2020, from 57.2 billion dollars in FY2019, remaining steady at 2.1 % of GDP.
  2. Merchandise trade deficit is expected to widen about 193 billion to 198 billion dollars in FY20 from 180 billion dollars in FY18.
2.3
1.3
3.3
2.8
None of These


7. According to Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investment (FDI) inflow increased during last 6 years from $36.05 billion in 2013-14 to _______________________ billion in 2018-19, registering a growth of 79%.

$54.37
$64.37
$44.37
$74.37
None of These


8. According to RBI, ___________________ registered highest number of ATM frauds in FY 2018-19, followed by Delhi, Tamil Nadu, and Karnataka (Amounting over 1 lakh).

Maharashtra
Goa
Kerala
Gujarat
None of These


9. According to TransUnion CIBIL - SIDBI MSME Pulse Report -

  1. ___________________ is ranked first in terms of performance and credit growth potential for MSME Corporate Lending in India, maintained since past 4 years. It was followed by Andhra Pradesh, Haryana, Karnataka and Delhi.
  2. Andhra Pradesh was ranked highest in market growth in FY19.
  3. MSME corporate entities are borrowers with aggregate credit exposure of up to Rs 50 crore. Market size of this category is Rs 17.6 lakh crore as of March 2019.
Gujarat
Maharashtra
Goa
Odisha
None of These


10. Aditya Birla Idea Payments Bank (ABIPBL) will shut down its operations within 18 months of launch due to unanticipated developments in the business landscape that have made the economic model unviable.

  1. ABIPBL is a joint venture by Aditya Birla Nuvo Ltd (51% stake) and Idea Cellular (49%).
  2. It is first payments bank to close down after Payment banks were approved by RBI in ________________. Payment banks are struggling due to operational restrictions put by RBI related to operations.
  3. Also, Vodafone’s mobile phone-based banking service M-Pesa has been shut down in India. It has been done due to regulatory curbs and stress in phone-banking sector. M-Pesa services were launched in India in 2013.
2018
2017
2016
2015
None of These


11. An Internal Working Group of RBI on Comprehensive Review of Market Timings suggested calibrated extension of Currency Market (Foreign Exchange Market) hours, from 9 am to ____________ for both Over Counter (OTC) and Exchange Traded, from current closure time of 5 pm. Recommendations -

  1. Call Market's timings could be extended till 6 pm. As Real Time Gross Settlement (RTGS) system is operational till such time.
  2. Bond Market - On account of lack of demand from participants group recommended that the government bond market timing can be retained and the market be closed at 5 pm.
  3. G-Sec Trading - Currently there have been no requests from any market participants seeking extension of market hours for G-sec trading.
10 pm
8 pm
7 pm
9 pm
None of These


12. As per 2nd edition of payments solution company Razorpay digital transactions quarterly report - ‘The Era of Rising Fintech’ -

  1. ______________________ is at top in list of “most digitised cities”, accounting for highest card payments. It is followed by Hyderabad, Mumbai, Pune, and Delhi.
  2. Top five digitised states - Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh, and New Delhi.
Patna
Bengaluru
Guwahati
Kolkata
None of These


13. As per Agriculture and Farmers Welfare Ministry Data, average monthly income per agricultural household from all sources is INR __________________, based on Situation Assessment Survey of Agricultural Households conducted by National Sample Survey Office (NSSO).

5426
4426
7426
8426
6426


14. As per External Sector Report of International Monetary Fund (IMF), India’s current account (CA) balance deficit rose to _______________ in 2018-19 from $49 billion in 2017-18.

  1. India's Net International Investment Position improved with deficit coming down from $438 billion in 2017-18 to $431 billion in 2018-19. India's overall international reserves, stood at $411.9 billion at end of March 2019, down from March last year by $12.5 billion.
$68 billion
$168 billion
$58 billion
$98 billion
None of These


15. As per report Status of Unaccounted Income/Wealth Both Inside and Outside the Country – A Critical Analysisof Standing Committee on Finance headed by ____________________ -

  1. 3 separate studies which were conducted by 3 premier institutes- The National Institute of Public Policy and Finance (NIPFP), National Council of Applied Economic Research (NCAER) and the National Institute of Financial Management (NIFM) showed that the unaccounted wealth held by Indians was estimated in the range of $216.48 billion to $490 billion  between 1980 and 2010.
  2. NCAER study reported that unaccounted wealth accumulated outside India was estimated between $384 billion and $490 billion during the 1980-2010 period.
  3. NIFM reported illicit outflow at current value (including opportunity cost) from India in reform period (1990-2008) was $216.48 billion and illicit outflows from country was estimated on an average at 10% of estimated unaccounted income.
  4. NIPFP reported that during 1997-2009, illicit financial outflows were in the range of 0.2% to 7.4% of the Gross Domestic Product (GDP).
Sekhar Basu
Arvind Mayaram
Raghuram G Rajan
M Veerappa Moily
None of These


16. Asian Development Bank sanctioned INR 1925 crore rupees project for upgradation of power generation and distribution in _____________. It Includes upgrading capacity of 63 MW Rokhia Project to 120 MW and modernising Gumti Hydro Electric Project.

Assam
Meghalaya
Tripura
Mizoram
None of These


17. Asian Infrastructure Investment Bank (AIIB) will provide ______________________ loan to L&T (Larsen & Toubro) Infrastructure Finance Company(LTIF) for wind and solar infrastructure projectsl, as first AIIB Loan to a non-banking finance company(NBFC).

  1. This will help reduce carbon intensity by 30-35 % of 2005 levels by 2030, which is India’s commitment under Paris agreement.
$200-million
$100-million
$300-million
$400-million
None of These


18. Bombay Stock Exchange (BSE) signed agreement with ____________ government to encourage state's micro, small and medium enterprises (SMEs) to raise capital. It will facilitate SMEs in raise funds through BSE's dedicated platform for SMEs "BSE SME" where small companies can raise productive capital and gain visibility.

Punjab
Haryana
Rajasthan
Uttarakhand
None of These


19. Brand ‘Tata’ has been ranked as India’s most valuable brand in 2019, according to a report by London-based consultancy Brand Finance. Tata’s brand value rose to $19.6 billion (up 37% from last year), with _______________ ($7.3 billion) and Infosys ($6.5 billion) at next 2 Places.

HCL
Wipro
SBI
LIC
None of These


20. CARS24, online marketplace for buying and selling used cars received a license of a ____________________________ (NBFC) from RBI. It will now venture into consumer lending business as a separate entity within Cars24 group. Cars24 Financial Services will facilitate vehicle loans to customers as well as finance channel partners to help them expand their businesses.

Non-banking Finance Company
Nodal-banking Finance Company
Native-banking Finance Company
New-banking Finance Company
None of These


21. Cabinet approved several amendments to Insolvency and Bankruptcy Code ______________________, to speed up bankruptcy resolution process. Amendments -

  1. Resolution process must be completed within 330 days, up from 270 days currently.
  2. Cabinet clarified rights of financial as well as operational creditors who have not spoken in favour of a resolution. Amendment proposes that they will get a share of proceeds from the sale of the debtor company or its liquidation as per the hierarchy specified in IBC.
  3. Committee of Creditors (CoC) will have power to take commercial decisions on distribution of funds to various classes of creditors.
  4. Bankruptcy resolution or liquidation decided under bankruptcy framework is binding on central, state and local governments, to whom insolvent company owes dues. This will prevent state authorities including income tax officials from questioning a rescue plan adopted in a court-monitored process.
  5. Amendment will ensure that a majority vote from creditors such as homebuyers will be counted as a 100% vote from that class of creditors in favour of or against a resolution plan.
2016
2015
2017
2018
None of These


22. Digital Communications Commission (DCC) approved cumulative penalty of INR _________________________ crores that regulator TRAI had imposed on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio when it entered the market. DCC will send the recommendation to Department of Telecom for their decision.

2050
3050
4050
2550
None of These


23. Government eMarketplace and __________________________ signed MoU to set up GeM Organizational Transformation Team - Project Management Unit (GOTT-PMic. With this, _________ became first PSU to establish GOTT PMU for transforming their procurement landscape and increasing their footprint on GeM.

BEL
GAIL
BHEL
SAIL
None of These


24. Government extended facility of Kisan Credit Card (KCC) to fisheries and animal husbandry farmers to help them meet their working capital needs. It will help fisheries and animal husbandry farmers to meet their short term credit requirements of rearing of animals, poultry birds and other aquatic organisms and capture of fish.

  1. Under KCC, credit limit of ____________________ rupees is given to eligible beneficiaries, with interest subvention is at rate of 2 % per annum at disbursal and additional interest subvention of 3 % per annum in case of prompt repayment.
5 lakh
4 lakh
1 lakh
2 lakh
3 lakh


25. Government fixed price at Rs.3443 per gram for the new series of Sovereign Gold Bonds (SGBs) opening July 8.

  1. Government, in consultation with RBI, has formulated scheme for issuing Sovereign Gold Bonds every month from June - September 2019 as per Given calendar. Bonds will be sold through Scheduled Commercial banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges - NSE and BSE.
    1. S.No.

      Tranche

      Date of Subscription

      Date of Issuance

      1

      2019-20 Series I

      June 03-07, 2019

      June 11, 2019 (Issue price to be INR 3196 per gram)

      2

      2019-20 Series II

      July 08–12, 2019

      July 16, 2019 (Issue price to be INR 3443 per gram)

      3

      2019-20 Series III

      August 05-09, 2019

      August 14, 2019

      4

      2019-20 Series IV

      September 09-13, 2019

      September 17, 2019

    2. Features -
      1. Sl. No.

        Item

        Details

        Eligibility

        The Bonds will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.

        Denomination

        The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.

        Tenor

        The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the interest payment dates.

        Minimum size

        Minimum permissible investment will be 1 gram of gold.

        Maximum limit

        The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts.

        Joint holder

        In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.

        Issue price

        Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity. Issue price will be 50 per gram less for those who subscribe and Pay online. Cash Payment of Max INR 20000 will be accepted.

        Interest rate

        The investors will be compensated at a fixed rate of ____________________________ per cent per annum payable semi-annually on the nominal value.

        Commission

        Commission for distribution of the bond shall be paid at the rate of 1% of the total subscription received. Receiving offices shall share at least 50% of commission with agents.

1.50
2.00
2.50
3.50
None of These


26. Government infused INR Rs ___________________ lakh crore into public sector banks(PSB) in last 11 years up till 2018-19. Also, Govt. Banks have loans of worth INR 1.50 trillion as wilful defaults in 2018-19, with SBI at top with INR 461.58 billion.

3.15
2.15
4.15
5.15
None of These


27. Government reduced interest rate for _________________ (GPF) and other related schemes for Q2 of FY 2019-20 (July - Sep).

  1. GPF is provident fund account where only government employees are entitled to be a member, Unlike PPF (Public Provident Fund) which is open to all.
  2. GPF rules are applicable to those central government employees who are appointed on or before December 31, 2003.
Global Provident Fund
General Provident Fund
General Protction Fund
Global Protction Fund
None of These


28. Government waived off Basic Customs Duty (BCD) for the products which are imported for nuclear power plants, to reduce dependency on carbon-based fuel for electricity generation. India's Installed nuclear capacity is 6780 MW at present, aimed to reach 13480 MW by ________________.

2022
2024
2025
2030
None of These


29. Govt. Approved Merger of 3 PSU General Insurance Companies - National Insurance Company Limited, United India Assurance Company Limited and Oriental India Insurance Company Limited. It would be done by amending General Insurance Business (Nationalisation) Act ____________________, to enable merger of non-life insurance companies.

1992
1982
1952
1927
1972


30. Gujarat Finance Minister Nitin Patel presented State Budget 2019-20, sizing INR ________________ crores, largest ever for Gujarat.

  1. State government allotted INR 4500 crore for providing Tap water to every household by 2022.
  2. State plans to increase installed power generetaion capacity to 30,000 megawatts (Mw) by 2022, from 8885 MW at present.
  3. Sardar Sarovar Narmada Yojana To bring water to canal network to field the state, has been allotted 6595 crores.
  4. Vhali Dikri Yojana new scheme introduced to improve girl childbirth rate of state, to provide Financial assistance between 4000 - 1 Lakh to a girl child.
104815
254815
204815
304815
None of These


31. _______________ and Common Services Centres launched a co-branded ‘Small Business Money Back Credit Card’ for small traders and village-level entrepreneurs (VLEs). It will give users easy access to credit for their business expenses. ________ Also terminated and de-listed its 22 outstanding global depository receipts (GDRs) from Luxembourg Stock Exchange, due to low trading volume of GDRs.

Kotak Mahindra Bank
Axis Bank
ICICI Bank
HDFC Bank
None of These


32. __________ Bank Updates -

  1. Acquired 9.9 % stake in BSE subsidiary INX - located at GIFT City Gujarat - for nearly Rs 31 crores.
  2. Launched a new digital platform called ‘InstaBIZ’, targeted at MSMEs and self-employed customers, enabling them to undertake their business banking transactions digitally . It offers over 115 products and services online through mobile phone or internet banking platform.
    1. It is first digital platform allows instant payment of GST using challan number. MSMEs can instantly apply for a Point-of-Sale(Pos) machine and marine insurance policy.
  3. Tied up with NBFC IndoStar Capital for vehicle financing for small and medium fleet owners to buy new and old commercial vehicles.
Axis
ICICI
HDFC
IndusInd
None of These


33. India will be the first recipient of local currency financing by Asian Infrastructure and Investment Bank (AIIB), aimed at providing more options to borrowers. India is second-largest shareholder of AIIB with a ___________________________ stake, and has received $2-billion funding for various projects so far. China holds 20.06% and Russia holds 5.92%.

7.5%
8.5%
9.5%
10.5%
None of These


34. Indian GDP Growth Forecasts (Jul 2019) -

  1. International Monetary Fund lowered its annual growth forecast for India from 7.3% to 7% in financial year 2019-20.
  2. Asian Development Bank lowered India's GDP growth rate from 7.2% to ________________ for current fiscal (FY 2019-20).
  3. Singapore Based DBS Bank estimated Indian GDP to grow at 6.8% in FY 2020. Reasons for slow growth include poor monsoon and rural income & consumption will be pressured by persistent negative terms of trade in the agricultural sector.
4%
6.5%
5%
6%
7%


35. Inter-Ministerial Committee on legality of cryptocurrencies and blockchain submitted its report to Finance Ministry.

  1. Committee recommends All private cryptocurrencies, except any cryptocurrency issued by Govt. to be banned in India.
  2. It also drafted a law, ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’, which mandates fine upto ___________ Crores and imprisonment of up to 10 years for offences.
  3. Committee was set up under Chairmanship of Economic Affairs Secretary Subhash Chandra Garg in 2017.
100
25
125
50
None of These


36. _________ Investment Firm SoftBank invested around $250 million in India's Ola Electric Mobility, Making it a unicorn (1 Billion USD Valuation).

Japanese
Chinese
Russian
British
None of These


37. ______________________ launched web tool named ‘Vasool So-Ft’ (Vasool So-Fast) for digitizing the Non-Performing Asset (NPA) recovery process.

RBL Bank
KVB Bank
Nainital Bank
ICICI Bank
Karnataka Bank


38. Life Insurance Corporation of India has offered INR _________________ Line of Credit by 2024, to fund highway projects (25000 crore in a year). Borrowings will be in the form of bonds to be issued by National Highways Authority of India.

1.25 trillion
2.25 trillion
1.50 trillion
1.00 trillion
None of These


39. Madhya Pradesh government presented budget 2019-20 with expenditure INR ____________________ crores, after Congress Party Government led by Kamal Nath was sworn in -

  1. INR 132 crores were allocated for welfare of bovines and hiked grant to state Waqf Board and Haj committee. 3 fold hike in honorarium for priests working in registered temples is also proposed.
  2. Budgetary allocation of Rs 8,000 crore made to waive remaining loans of farmers.
114085
214085
274085
314085
None of These


40. Minister for Finance and Corporate Affairs __________________ Presented Union Budget 2019-20 in Parliament. It is First full Budget of newly elected NDA Government forming 17th Lok Sabha, led by PM Narendra Modi. Key Highlights can be seen here.

Smriti Irani
Arun Jaitley
Rajnath Singh
Amit Shah
Nirmala Sitharaman


41. Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled Economic Survey 2018-19 in Parliament. It is prepared under guidance of Chief Economic Adviser (Krishnamurthy Subramanian). Key Highlights -

  1. State of Economy in 2018-19 -
    • India still fastest growing major economy in 2018-19.
    • Growth of GDP moderated to ____________________________________ in 2018-19 from 7.2 % in 2017-18.
    • Inflation contained at 3.4 % in 2018-19.
    • Non-Performing Assets as percentage of Gross Advances reduced to 10.1 % at end December 2018 from 11.5 % at end March 2018.
    • Growth in fixed investment picked up from 8.3 % in 2016-17 to 9.3 % next year and further to 10.0 % in 2018-19.
    • Current account deficit manageable at 2.1 % of GDP.
    • Fiscal deficit of Central Government declined from 3.5 % of GDP in 2017-18 to 3.4 % in 2018-19.
    • Provisional Debt to GDP ratio is 44.5 %.
    • Survey estimates GDP growth of 7% for FY 2019-20.
    • The revised fiscal glide path envisages achieving fiscal deficit of 3 % of GDP by FY 2020-21 and Central Government debt to 40 % of GDP by 2024-25.
  2. Theme is about enabling a “shifting of gears" to sustained economic growth for objective of $5 trillion by 2024-25. GDP Growth has to stay above 8 % to become a $5 trillion by 2025. Private investment is key driver for demand, capacity, labor productivity, new technology, creative destruction and job creation.
  3. Using insights from behavioral economics to create an aspirational agenda for social change -
    • From ‘Beti Baco Beti Padhao’ to ‘BADLAV’ (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi).
    • From ‘Swachh Bharat’ to ‘Sundar Bharat’.
    • From ‘Give it up” for the LPG subsidy to ‘Think about the Subsidy’.
    • From ‘Tax evasion’ to ‘Tax compliance’.
  4. Unshackling MSMEs and enabling them to grow by -
    • Sunset clause of under 10 years, with necessary grand-fathering, for all size-based incentives.
    • Deregulating labor law restrictions to create significantly more jobs.
    • Re-calibrating Priority Sector Lending (PSL) guidelines for direct credit flow to young firms in high employment elastic sectors.
  5. Ending Matsyanyaya - Ramping up Capacity in Lower Judiciary -
    1. Delays in contract enforcement and disposal resolution are biggest hurdle to ease of doing business and higher GDP growth. Around 87.5 % of pending cases are in the District and Subordinate courts.
    2. 100 % clearance rate can be achieved by filling out 2279 vacancies in lower courts and 93 in High Courts.
  6. Survey proposes reduction in economic policy uncertainty by -
    • Consistency of actual policy with forward guidance.
    • Quality assurance certification of processes in Government departments.
  7. India's Demography at 2040 -
    • Sharp slowdown in population growth expected in next 2 decades.
    • Working age population to grow by 9.7mn per year during 2021-31 and 4.2mn per year during 2031-41.
    • Significant decline to be witnessed in elementary school-going children (5-14 age group) over next two decades.
  8. Analysis of the Swachh Bharat Mission
    • Traceable health benefits brought about by Swachh Bharat Mission (SBM).
    • 93.1% of the households have access to toilets.
  9. Enabling Inclusive Growth through Affordable, Reliable and Sustainable Energy -
    • 2.5 times increase in per capita energy consumption needed for India to increase its real per capita GDP by $5000 at 2010 prices, and enter upper-middle income group.
    • 4 times increase in per capita energy consumption needed for India to achieve 0.8 Human Development Index score.
    • India is 4th in wind power, 5th in solar power and 5th in renewable power installed capacity.
    • Share of renewable (excluding hydro above 25 MW) in total electricity generation increased from 6% in 2014-15 to 10% in 2018-19. Thermal power still dominant with 60% share.
    • Market share of electric cars only 0.06% in India while it is 2% in China and 39% in Norway.
  10. Survey proposes a well-designed minimum wage system for Inclusive Growth -
    • Present minimum wage system in India has 1,915 minimum wages for various scheduled job categories across states.
    • ‘National Floor Minimum Wage’ should be notified by the Central Government, varying across five geographical regions. Minimum wages by states should be fixed at levels not lower than ‘floor wage’.
    • ‘National level dashboard’ under Ministry of Labour & Employment for regular notifications on minimum wages, proposed by Survey.
  11. Money Management and Financial Intermediation -
    • Insolvency and Bankruptcy Code led to recovery of significant amount of distressed assets and improved business culture.
      • Till March 31, 2019, CIRP yielded resolution of 94 cases involving claims worth INR 1,73359 crores.
      • As on 28 Feb 2019, 6079 cases involving INR 2.84 lakh crores have been withdrawn.
      • INR 50000 crore received by banks from previously non-performing accounts.  Additional INR 50,000 crore "upgraded" from non-standard to standard assets.
    • Financial flows remained constrained because of decline in equity finance raised from capital markets and stress in NBFC sector -
      • Capital mobilized through public equity issuance declined by 81 % in 2018-19.
      • Credit growth rate y-o-y of NBFCs declined from 30 % in March 2018 to 9 % in March 2019.
  12. Prices and Inflation -
    • Headline inflation based on CPI-C continued declining for 5 year, remaining under 4 % in last 2 years.
    • Food inflation based on Consumer Food Price Index declined for 5th year and remained below 2.0 % for last 2 years.
  13. Sustainable Development and Climate Change -
    • India’s SDG Index Score ranges between 42 and 69 for States and between 57 and 68 for UTs:
      • Kerala and Himachal Pradesh are at top with score of 69 amongst states.
      • Chandigarh and Puducherry are at top in , Ts with a score of 68 and 65 respectively.
    • A comprehensive NCAP (National Clean Air Programme) launched in 2019 for - Prevention, control and abatement of air pollution.
  14. External Sector -
    • As per WTO, World trade growth slowed down to 3 % in 2018 from 4.6 % in 2017.
    • India’s External Debt was US$ 521.1 billion at end-December 2018, 1.6 % lower than its level at end-March 2018.
    • Total liabilities-to-GDP ratio, inclusive of both debt and non-debt components, declined from 43 % in 2015 to 38 % at end of 2018.
    • Exchange rate in 2018-19 has been more volatile than in previous year, mainly due to volatility in crude prices, but not much due to net portfolio flows.
    • India’s exports and import basket in 2018-19 -
      • Exports (including re-exports) INR 2307663 Crores
      • Imports: INR 3594373 Crores
    • Top export items were Petroleum products, precious stones, drug formulations, gold and other precious metals.
    • Top import items are Crude petroleum, pearl, precious, semi-precious stones and gold.
    • India’s main trading partners continue to be the US, China, Hong Kong, the UAE and Saudi Arabia.
    • India signed 28 bilateral / multilateral trade agreements with various country/group of countries.
  15. Agriculture and Food Management
    • Gross Value Added (GVA) in agriculture improved from a negative 0.2 % in 2014-15 to 6.3 % in 2016-17 but decelerated to 2.9 % in 2018-19.
    • Women’s participation in agriculture increased to 13.9 % in 2015-16 from 11.7 % in 2005-06 and their concentration is highest (28 %) among small and marginal farmers.
    • 89% of groundwater extracted is used for irrigation. Hence, focus should shift from land productivity to ‘irrigation water productivity’.
    • Policies should focus on -
      • Dairying as India is the largest producer of milk.
      • Livestock rearing particularly of small ruminants.
      • Fisheries sector, as India is the second largest producer.
  16. Industry and Infrastructure -
    • Overall Index of Eight Core Industries registered a growth rate of 4.3 % in 2018-19.
    • India’s ranking improved by 23 to 77th position in 2018 among 190 countries assessed by World Bank Doing Business (DB) Report 2019.
    • Road construction grew @ 30 km per day in 2018-19 compared to 12 km per day in 2014-15.
    • Rail freight and passenger traffic grew by 5.33 % and 0.64 % respectively in 2018-19 as compared to 2017-18.
    • The installed capacity of electricity has increased to 3, 56,100 MW in 2019 from 3, 44,002 MW in 2018.
  17. Services Sector
    • Services sector (excluding construction) has share of 54.3 % in India’s GVA and contributed over half of GVA growth in 2018-19.
    • IT-BPM industry grew by 8.4 % in 2017-18 to US$ 167 billion and will become US$ 181 billion in 2018-19.
    • The services sector growth declined marginally to 7.5 % in 2018-19 from 8.1 % in 2017-18.
      • Accelerated sub-sectors: Financial services, real estate and professional services.
      • Decelerated sub-sectors: Hotels, transport, communication and broadcasting services.
    • Services share in employment is 34 % in 2017.
    • 10.6 million foreign tourists received  in 2018-19 compared to 10.4 million in 2017-18. Forex earnings from tourism stood at US$ 27.7 billion in 2018-19.
  18. Social Infrastructure, Employment and Human Development -
    • Government expenditure (Centre plus States) as a percentage of GDP on -
      • Health - increased to 1.5 % in 2018-19 from 1.2 % in 2014-15. Government aims to raise health services expenditure to 2.5% of country’s GDP by 2025.
      • Education - increased from 2.8 % to 3 % during this period.
    • Net employment generation in formal sector was higher at 8.15 lakh in March 2019 as against 4.87 lakh in February 2018, as per EPFO.
    • About 1.54 crore houses completed under Pradhan Mantri Awas Yojana (PMAY) as against a target of 1 crore pucca houses with basic amenities by 31st March, 2019.
5.8 %
6.8 %
6.3 %
7 %
None of These


42. Newly Elected YSR Congress Government of Andhra Pradesh presented its maiden Budget, with outlay of INR ____________________ crores -

  1. Emphasis is on “Nava ratnalu”,9 promises made by YSR Congress Party in its election manifesto.
  2. Setting up of agriculture price stabilisation fund with INR 3,000 crore, natural calamity fund with 2000 crores, 8750 crore for YSR Rythu Bharosa (12,500 financial assistance for each farmer per annum), 100 crore for interest-free loans to farmers under YSR Sunna Vaddi scheme, 1,163 crore for YSR crop insurance scheme and 250 crore for the proposed Kadapa steel plant.
  3. For Amma Vodi scheme (giving grant of ₹ 15,000 per annum to each mother who sends her child to the school up to Intermediate level), 6,455 crores are set.
  4. For YSR Arogyasri medical insurance scheme, INR 1,740 crore was allocated in Budget.
127975
227975
297975
327975
None of These


43. ________________ acquired co-working venture Innov8., valued at aprox 200 crores.

OYO Hotels & Homes
Flipkart
Amazon
OLX
None of These


44. PSU Bank _________________ launched its AI (Artificial Intelligence) interactive assistant called ABHi, powered by AI startup Floatbot.ai.

BOB
Indian Bank
Dena Bank
Indian Overseas Bank
Andhra Bank


45. Parliament adopted a statutory resolution for levying _________________ duty on all goods exported from or originating in Pakistan. India had levied basic custom duty to _____________ on all goods exported from Pakistan with effect from 16 February 2019, after Pulwama Terror Attacks.

  1. Besides, statutory resolution related to increasing basic custom duty on lentils, boric acid and diagnostic and laboratory reagents. On lentils, duty increased from 40 to 50 %, on boric acid it is increased from 17.5 to 27.5 % and on diagnostic items from 20 to 30 %.
100%
200%
150%
300%
None of These


46. Private Bank ______________ Bank acquired a 9.47 % stake in dry cell battery maker, Eveready Industries India by invoking shares pledged by McLeod Russel. This came after Indian tea company, McLeod Russel defaulted on repayment of credit extended by Yes bank, amounting 1800 - 2000 crores.

YES
ICICI
HDFC
Axis
None of These


47. _______________ Bank has set up a centralised hub Cen-MARG (Centralised MSME & Retail Group), envisioned to ensure qualitative improvement in credit appraisal, improved turnaround time, uniform documentation, and efficient monitoring.

UCO
Dena
BOB
Allahabad
Punjab & Sind


48. _____________ Updates -

  1. Finalised Three Year Roadmap to improve supervision and regulation, named Utkarsh 2022. Its a road map for medium term objective to be achieved for improving regulation, supervision of RBI.
  2. Has put penalty of INR 7 crores on State Bank of India (SBI), for non-compliance on Income Recognition and Asset Classification norms, code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits, and fraud risk management and classification and reporting of frauds.
  3. Imposed Rs 10 lakh fine on Union Bank of India for non compliance with directions on cyber security framework in banks.
  4. Imposed penalties on four PSU Banks for violating Know Your Customer norms and anti-money laundering standards. Punjab National Bank, Allahabad Bank, and UCO Bank were fined Rs 50 lakh each while Corporation Bank was fined Rs 25 lakh.
RBI
SEBI
SBI
IRDAI
None of These


49. _______________ Govt. Presented budget for 2019-20 -

  1. Opening of Janata Clinics near the residential areas across the state and provide free medicines to the patients. CT (Computed Tomography) scan has been made free in all state-run medical centers.
  2. Free pilgrimage to Pashupati Nath temple in Nepal.
  3. Separate feeder at a cost of 5200 crore will be established to provide uninterrupted electricity supply to farmers.
  4. Scheme for promotion of small industries- ‘M-sand policy-2019’ for promotion of use of manufactured sand.
  5. Increase in honorarium of Anganwadi workers from 6000 to 7500, from 4500 to 5750 for mini Anganwadi workers and from 3500 to 4250 for Anganwadi sahayika.
Punjab
Rajasthan 
Haryana
Uttarakhand
None of These


50. ____________________ signed MOU with National Investment and Infrastructure Fund to boost availability of capital for infrastructure projects. Scope includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets.

PNB
IRDAI
RBI
SEBI
SBI


51. _____________________________ (SIDBI) introduced a web-based application for contribution from Fund of Funds for Startups (FFS), to improve turnaround time and increase transparency. SIDBI is implementing agency for FFS with a corpus of 10000 crores.

Small Industries Development Bank of India
Small Industries Deployment Bank of India
Safe Industries Development Bank of India
Ssfety Industries Deployment Bank of India
None of These


52. ________________ based conglomerate Samsung partnered with financial products marketplace Paisabazaar.com, to provide Samsung Pay users a one-stop solution to their financial requirements.

US
UK
South Korea
Russia
None of These


53. UK- based Standard Chartered will be first foreign bank to launch operations at __________________ International Finance Tec-city (GIFT city), after receiving in-principle regulatory approval for the same.

Maharashtra
Rajasthan
Goa
Gujarat
None of These


54. US Based Ebix acquired Indian travel portal Yatra Online for ___________________ million. Yatra will continue to serve customers under its brand, alongside EbixCash two other travel brands 'Via' and 'Mercury'.

$637.8
$537.8
$237.8
$137.8
$337.8


55. ______________ acqui-hired Indian Startups FloCare (health tech) and B2B wholesale trading platform BigTrade, to strengthen customer service. Acqui-hires are made for skills of the team, rather than for the products / services.

  1. Also, Online grocery delivery platform Milkbasket acquired Bengaluru-based e-grocery distributor PSR Supply Chain.
Flipkart
Amazon
Walmart Labs
Snapdeal
None of These




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