Current GKGeneral Awareness State Level Railways SSC

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Question1) 41.The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2 crore, for deficiencies in regulatory compliance?


[A] HDFC Bank

[B] SBI✅✅

[C] ICICI Bank

[D] PNB



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [SBI]


Notes:

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2 crore on State Bank of India (SBI) for contravention of certain provisions of Section 10 of the Banking Regulation (BR) Act, 1949.

As per the referred section of the BR Act, no banking company shall employ any person whose remuneration takes the form of commission.



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Question2) 42.Which organization releases the All-India Consumer Price Index?


[A] NITI Aayog

[B] National Statistical Office✅✅

[C] Centre for Agriculture costs and prices

[D] Ministry of Finance



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [National Statistical Office]


Notes:

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation releases the All-India Consumer Price Index Numbers.

In the recently released index for the months of February 2021, the All-India Consumer Price Index Numbers for Agricultural Labourers stood at 1037, while the same for Rural Labourers stood at 1044.



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Question3) 43.What is the amount raised by the Government from disinvestment of CPSEs in 2020-21?


[A] Rs 39000 crore

[B] Rs 32835 crore✅✅

[C] Rs 29000 crore

[D] Rs 22835 crore



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [Rs 32835 crore]


Notes:

The Government has raised Rs 32,835 crore from disinvestment of CPSEs through share sale and buybacks during the year 2020-21.

Thus, the disinvestment target set in the revised estimates (RE) for current fiscal -Rs 32000 crore. Initially, Rs 2.10 lakh crore originally budgeted as the target for this year, but was later reduced to Rs 32000 crore, on account of the Covid-19 pandemic.



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Question4) 44.The CCEA approved the strategic disinvestment of which bank, owned by the Government of India and LIC?


[A] Lakshmi Vilas Bank

[B] IDBI Bank✅✅

[C] UCO Bank

[D] Punjab and Maharashtra Coop Bank



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [IDBI Bank]


Notes:

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank.

However, the extent of shareholding to be divested by the Government of India and LIC shall be decided at the time of the transaction in consultation with Reserve Bank of India (RBI).



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Question5) 45.Which bank launched ‘Eva’ chatbot on CSCs Digital Seva Portal to support the Village Level Entrepreneurs (VLEs)?


[A] ICICI Bank

[B] HDFC Bank✅✅

[C] Axis Bank

[D] Yes Bank



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: B [HDFC Bank]


Notes:

HDFC Bank and Common Services Centres (CSCs) launched a chatbot ‘Eva’ on CSCs Digital Seva Portal to support the Village Level Entrepreneurs (VLEs).

The chatbot will provide banking services in rural areas. It is a 24×7 service that will allow VLEs to access information about various products, processes and solve the queries about HDFC Bank’s services.



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Question6) 46.Which institution has been granted powers to supervise the ‘Registered investment advisers (RIAs)’?


[A] BSE Administration and Supervision Ltd✅✅

[B] Reserve Bank of India

[C] IFSCA

[D] AMFI



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: A [BSE Administration and Supervision Ltd]


Notes:

BSE Administration and Supervision Ltd (BASL) is a subsidiary of BSE (Bombay Stock Exchange) Ltd

The Securities and Exchange Board of India (SEBI) has appointed BASL to grant recognition to registered

investment advisers (RIAs) and supervise them. At present, these functions are discharged directly by SEBI.



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Question7) 47.What is the turnover limit of small and medium companies (SMC), as per the definition issued by the Corporate Affairs Ministry?


[A] Rs 50 crore

[B] Rs 100 crore

[C] Rs 250 crore✅✅

[D] Rs 500 crore



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer: C [Rs 250 crore]


Notes:

The Union Ministry of Corporate Affairs has enlarged and expanded the definition of small and medium companies (SMC).

As per the new definition, small and medium companies are unlisted entities which are not banks, financial institutions or insurance firms. They should have a turnover of up to Rs 250 crore and borrowings up to Rs 50 crore in the immediately preceding accounting year.



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Question8) 48.With US$ 608.99 billion worth of Forex Reserves, what is India’s rank as largest forex reserves holder?


[A] 2

[B] 5✅✅

[C] 7

[D] 10



Option- ['True', 'False']

Answer: True

Explaination: Correct Answer