September - Part 3

Turbo Series – September

Preface
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Turbo Series – September

Contents
(September – Part 3)

Multiple Choice Questions based on the following:

1. Pib
2. General awareness
3. Economics and social Issues
4. Financial Awareness
5. National reports
6. International reports
7. State Govt. Schemes
8. Central Govt. Schemes
9. Core Finance
10. Core Economics
11. RBI Notifications
12. SEBI Notifications
13. Bonus MCQ
14. Essay Extras

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MCQs - Phase 1 & Phase 2

1. World bank has released the Human Capital Index 2020. Singapore has topped the index. What is India’s
rank?

A. 118
B. 120
C. 115
D. 116

2. Who has been appointed as the executive director of the Asian Development Bank?

A. Sameer Kumar Khare

B. Rajesh Khullar
C. Nitish Chauhan
D. K V Kamath

3. Who has been appointed as the executive director of the World Bank?

A. Sameer Kumar Khare

B. Rajesh Khullar
C. Nitish Chauhan
D. K V Kamath

4. MCA has amended the Companies (Acceptance of deposit) Rules,2014 for start-ups. Which of the following
statement is correct?
A. Start-ups can raise funds through corporate bonds or other convertible instruments for 10 years as
against 5 years earlier
B. Start-ups can raise funds through corporate bonds or other convertible instruments for 15 years as
against 10 years earlier
C. Start-ups can raise funds through corporate bonds or other convertible instruments for 20 years as
against 15 years earlier
D. Start-ups can raise funds through corporate bonds or other convertible instruments for 25 years as
against 20 years earlier
E. None of the above

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5. Who signs pact with SBI for 5 crore rupees term loan?
A. NTPC
B. NTPL
C. BBNL
D. BBC
E. BSNL

6. What was India’s rank in terms of FDI recipient country globally in 2019?
A. 8th
B. 7th
C. 9th
D. 6th
E. 5th

7. Recently cabinet approves amendments of how many labour codes?

A. 4
B. 5
C. 6
D. 3
E. 7

8. Which of the following state cabinet has given urban job guarantee scheme?
A. Punjab
B. UP
C. MP
D. Bihar
E. Jharkhand

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9. What is the name of the scheme launched by Jharkhand state which provide a job guarantee for urban
workers for the period of 100 days of work?
A. Rojgar Yojana
B. Mukhyamantri Shramik Yojana
C. MGNERGA
D. Garib Kalyan Yojana
E. None of the above

10. As per Goldman Sachs estimates for FY21, GDP of Indian economy contracts to how much %?
A. 12%
B. 13%
C. 14.8%
D. 15%
E. None of the above

11. As per Fitch rating, the world economy is going to contact to?
A. 5%
B. 4.4%
C. 2%
D. 3%
E. 6%

12. As per NSO ‘Health in India’ report what is the % of children is not fully vaccinated?
A. 50
B. 60
C. 70
D. 40
E. 80

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13. Who has been appointed as brand ambassador of Toyota?

A. Shah Rukh Khan

B. Aamir Khan
C. Ayushman Khurana
D. Salman Khan

14. Who has won the Tuscan Grand Prix 2020?

A. Valterri Bottas
B. Lewis Hamilton
C. Sebastian Vettel
D. Felipe Massa

15. SBI has raised 4k crore via Basel 3-compliant AT-1 bonds at a coupon rate of 7.74%. Which of the following
statement is correct regarding AT-1 bonds?
A. A kind of perpetual bond with expiry date
B. A kind of perpetual bond without any expiry date
C. RBI is a regulator of AT-1 bond
D. Both B and C are correct
E. Only B is correct

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16. Doorstep Banking Services (DBS) is a part of EASE reforms for PSB’S. What is the full form of EASE?
A. Extra Access and Service Excellence
B. Easy Access and Service Excellence
C. Enhanced Access and Service Excellence
D. Enhanced Access and Service Expiry
E. None of the above

17. Who constructed Digital Payment Index (DPI) to capture the extent of digitalization?
A. RBI
B. SEBI
C. NPCI
D. Min. of Finance
E. Both A and C

18. Which of the following statement is correct regarding ‘Levels & Trends in Child Mortality’?
A. India’s child mortality rate fell between 1990 and 2019
B. India’s child mortality rate fell between 1999 and 2019
C. India’s child mortality rate raised between 1990 and 2019
D. India’s child mortality rate fell between 1999 and 2019
E. None of the above

19. Recently SEBI issued a circular for portfolio management services in IFSC. Which of the following statement
is correct regarding this circular?
A. Applicants need to have net worth of at least 65000 dollar rupees
B. Applicants need to have net worth of at least 75000 dollar rupees
C. Applicants need to have net worth of at least 85000 dollar rupees
D. Applicants need to have net worth of at least 95000 dollar rupees
E. None of the above

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20. SBI started Bharat Craft portal for which of the following of the services?
A. B2C
B. B2B
C. Both A and B
D. Neither A nor B
E. None of the above

21. Recently PM launched e-Gola App for comprehensive breed improvement market place for farmers under
which of the following scheme?
A. PMMMY
B. PMMT
C. PMVVY
D. PMAWS
E. None of the above

22. In which of the following state PM launched several initiatives in the fisheries and animal husbandry?
A. MP
B. UP
C. Maharashtra
D. Bihar
E. Kerala

23. What is the estimated investment and duration of PMMSY?

A. 20,050 crore and 2020-2023
B. 20,050 crore and 2020-2025
C. 20,050 crore and 2020-2025
D. 15,050 crore and 2020-2025
E. 10,050 crore and 2020-2025

24. PMMSY aims at enhancing fish production by additional 70 lakh tonne by?
A. 2023-24
B. 2024-25
C. 2024-25
D. 2025-26
E. 2021-22

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Bonus Question
The leading manufacturers in their field be Vayum Coolers, a subsidiary of Aamoday Group. They opted to
improve productivity of their staff. They have chalked out a strategy for this. They will hire operational
managers who will work on the lower management level. They've agreed to maintain eight managers over
one staff. So that's way, all those eight managers will have to report to each worker.

What scientific management strategy is practised here?

A. Mental Revolution
B. Functional Foremanship
C. Differential Piece Rate System
D. Science of Soldering
E. None of the above

Essay Extras
Raghuram Rajan, had some strong ideas for bringing the economy back on its feet.
It's worth reiterating some important points. The government needs to step up spending, both on relief and on
new investments, particularly on infrastructure. There's time to invest now, not later. Do not be threatened by
concerns about the fiscal deficit; resolve such concerns with a realistic programme, under the oversight of the
Fiscal Council, to lower the debt-to - GDP ratio over the medium term. Fill the coffers of the state government,
since they are big spenders. Prepare systemic frameworks for debt burden resolution that will emerge once the
moratorium is over. Recognize that reforms are often a type of stimulus.

Rajan also offers some imaginative moves. One is a variation of the income -tax credit received in some nations.
Refund companies a percentage of the overall tax they have paid in the past, with the percentage declining with
the scale of the company. The tax-compliant would benefit, and it would struggle to get a look-in from evaders
and fraudsters. Another is to allow Walmart, Amazon and Jio-Reliance to invest in the tiny companies from which
they come.

The government will have to clean up its policy mess to make this idea work: Reliance, unlike the two international
retailers, has no limits on its operations; Amazon has the right to sell f ood, but Flipkart-Walmart does not. Walmart
exports quite a bit from India, and Amazon is now using its website to showcase Indian goods to the world. They
can both be motivated to export even more from the small and medium sectors of India. Clever, creative use of
government funds is urged by Rajan. Ridding irrationality from public sector procurement will help divert current
outlays to Indian businesses.

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Turbo Series – September

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Answer Key
1D
2A
3B
4A
5A
6C BONUS
7D B
8E
9B
10 C
11 B
12 D
13 C
14 B
15 D
16 C
17 A
18 A
19 B
20 B
21 A
22 D
23 C
24 C

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