Current GKGeneral Awareness State Level Railways SSC

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Question1) 11.Singapore based GIC and TPG Capital have acquired stake in which Indian company?


[A] Byju’s

[B] Reliance Retail✅✅

[C] Shoppers Stop

[D] Future Retail



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [Reliance Retail]


Notes:

Singapore based sovereign wealth fund GIC and global private equity firm TPG Capital have invested a total of Rs. 7,350 crores in Reliance Retail.

Reliance Retail Ventures has attracted more than USD 2 billion in investments from global investors, over the past few months. GIC will invest for a 1.22 percent stake while TPG Capital Management 



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Question2) MSME Prerana’, that was seen in the news recently, is a programme launched by which bank?


[A] Indian Overseas Bank

[B] Indian Bank✅✅

[C] Bank of Maharashtra

[D] Union Bank of India



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [Indian Bank]


Notes:

Union Finance Minister Nirmala Sitharaman has recently launched ‘MSME Prerana’, an online business mentoring programme for MSMEs.

The programme is to implemented by Indian Bank and is aimed at empowering entrepreneurs through skill development and capacity building workshops. The mentoring programmes would be available in all local languages.



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Question3) 13.As per the RBI’s announcement, what is the quantum of funds to be provided to banks under on-tap TLTRO?


[A] Rs 1 billion

[B] Rs 1 trillion✅✅

[C] Rs 2 billion

[D] Rs 2 trillion



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [Rs 1 trillion]


Notes:

The Reserve Bank of India (RBI) will provide funds to banks totalling Rs 1 trillion under on-tap targeted long-term repo operations (TLTRO).

The on-tap funds will be deployed by the banks by providing leans to various sectors including real estate, and microfinance. The rate of interest for the funds will be fixed at a floating rate linked to the policy rate and will be available till March 31, 2021



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Question4) 14.What is the issue price of the 8th tranche of the Sovereign Gold Bond Scheme 2020-21?


[A] Rs.4900

[B] Rs.5000

[C] Rs.5177✅✅

[D] Rs.5400



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: C [Rs.5177]


Notes:

The eighth tranche of sovereign gold bonds scheme of current financial year 2020-21 will be open for subscription from 9th November to 13th November.

The issue price for the 8th series of the Sovereign gold bond scheme has been fixed at Rs.5,177 per gram of gold. The bond is issued by the Reserve Bank of India (RBI) on behalf of Government of India.



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Question5) Department of Investment and Public Asset Management’ has signed an agreement with which organisation, for advisory services?


[A] International Monetary Fund

[B] World Economic Forum

[C] World Bank✅✅

[D] Asian Development Bank



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: C [World Bank]


Notes:

Department of Investment and Public Asset Management (DIPAM) has signed an agreement with World Bank.

Under the agreement, World Bank will provide advisory services to DIPAM for asset monetization, as per the recent statement of Union Ministry of Finance. DIPAM handles the monetization of non-core assets of government CPSEs under strategic disinvestment of value of ₹100 crore and above.



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Question6) 16.Which financial institution has allocated USD 20 million to help developing countries in accessing Covid-19 vaccine?


[A] World Bank

[B] Asian Development Bank✅✅

[C] Reserve Bank of India

[D] BRICS Bank



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [Asian Development Bank]


Notes:

The Asian Development Bank (ADB) recently announced that it has allocated USD 20.3 million aid to its developing member countries to access coronavirus vaccine.

The funds include USD 20 million from ADB’s Technical Assistance Special Fund (TASF) and USD 300,000 from the High-Level Technology Fund financed by Japan. Earlier in April, ADB had approved USD 20 billion assistance package to help its developing members fight Covid-19.



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Question7) 17.Which private bank has been placed under moratorium with a cap in deposit withdrawals, by the Reserve Bank of India?


[A] Lakshmi Vilas Bank✅✅

[B] Karur Vysya Bank

[C] Ratnakar Bank

[D] Dhanlaxmi Bank



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: A [Lakshmi Vilas Bank]


Notes:

The Reserve Bank of India has placed Lakshmi Vilas Bank (LVB) under moratorium and has capped its deposit withdrawals.

The RBI has also proposed to amalgamate the bank with DBS Bank India. This decision followed the steep deterioration of the financial position of LVB over the past three years. Due to the rise in bad loans and provisions, the bank has been witnessing heavy loans.



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Question8) 18.Which regulating body has amended the regulations on transferring of assets by liquidator of a stressed firm?


[A] RBI

[B] SEBI

[C] IBBI✅✅

[D] NCLT



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: C [IBBI]