indian political, socio economic panorama & issues (national) MCQ section 3 MCQ Questions & Answers Detailed Explanation

Question : 1

Which of the following statements are correct?

1. Repo Rate (presently 8 percent) is the rate at which banks borrow funds from RBI.
2. Cash Reserve Ratio (Presently 4 percent) is the portion of total deposits of customers which the commercial banks have to hold as reserves with RBI.
3. Reverse Repo Rate is greater than Repo Rate.

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

Question : 2

Consider the following Statements:

1. Arun Jaitley is a member of the Board of Governors of the Asian Development Bank (ADB).
2. Asian Development Bank is based in Phillippines.

a) 2 Only

b) 1 and 2 Both

c) 1 Only

d) None

Question : 3

Which of the following Indian companies have achieved market capitalization of `5 lakh crore?

a) TCS

b) GAIL

c) ONGC

d) Reliance industries

Question : 4

‘Vanaj’ which was recently conducted in New Delhi was a

a) National Food Fair

b) National Youth Festival

c) National Handicraft Fair

d) National Tribal Festival

Question : 5

Which of the following statements are correct regarding Insurance Law (Amendment) Bill?

1. It seeks to increase the FDI cap in insurance to 49%.
2. Investment proposal beyond 26% to be approved by FIPB
3. Voting rights of foreign partner is capped at 49%.
4. The management control will be shared by the Indian and foreign investors.

a) 1 and 4 only

b) 2 and 3 only

c) 1 and 2 only

d) All of these

Question : 6

Which of the following statements is/are correct?

1. The Union Cabinet has given its approval to constitute the 21st Law Commission of India (LCI).
2. This will have a period of one year.
3. The Law Commission of India (LCI) is a statutory and constitutional body.

a) 1 and 3 only

b) 2 and 3 only

c) 1 only

d) All of these