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