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A Learning Portal from Recruitment India
A Learning Portal from Recruitment India
RBI, in June 2022, raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs ________ per transaction for e-mandates on cards, Prepaid Payment Instruments, and UPI for recurring transactions.
Madhya Pradesh
Telangana
Jharkhand
Gujarat
Answer with explanation
Answer: Option AExplanation
A team of Indian researchers, for the first time in the fossil history, has discovered an egg-in-egg or abnormal titanosaurid dinosaur egg from the Bagh area in Dhar District, Madhya Pradesh state (Central India).
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Which company has invested USD 5,00,000 (₹3.88 crores) in association with UN Women?
Amazon
Netflix
Answer with explanation
Answer: Option AExplanation
Professional network LinkedIn has inked a deal with UN Women, the United Nations entity dedicated to gender equality to upskill women and create employment opportunities. The pilot project would run in Maharashtra. LinkedIn is investing $5,00,000 (Rs 3.88 crore) in a three-year regional partnership with UN Women, according to a press statement.
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The Organisation for Economic Cooperation and Development (OECD) has forecast India’s GDP growth at _______ for Financial Year 2023.
7.1 percent
6.9 percent
5.9 percent
8.5 percent
Answer with explanation
Answer: Option BExplanation
India GDP Growth Rate: OECD slashes FY23 growth forecast for India to 6.9% – The Economic Times.
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What are the new annual premium rates of PMJJBY and PMSBY respectively, with effect from June 1, 2022?
Rs 350 and Rs 30
Rs 400 and Rs 40
Rs 436 and Rs 20
Rs 520 and Rs 40
Answer with explanation
Answer: Option CExplanation
The annual premium rate for PMJJBY has been increased to Rs 1.25 per day. This premium, which was earlier Rs 330 annually, will now increase to Rs 436. Apart from this, the annual premium for PMSBY has been increased from Rs 12 to Rs 20. These new premium rates will be effective from June 1, 2022
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As per the recent NSO Update (June 2022), what is the GDP growth estimate for India in 2021-22?
9.2 percent
8.9 percent
8.7 percent
8.5 percent
Answer with explanation
Answer: Option CExplanation
National Statistical Office (NSO) marginally slashed its year-on-year gross domestic product (GDP) growth forecast to 8.7 percent, down from 8.9 percent estimated in February.
In the fourth quarter (January-March period of 2021-22) GDP growth was recorded at 4.1 percent. The economy witnessed a 6.6 percent contraction in 2020-21. The latest GDP growth estimate is lower than the second advance estimate of 8.9 percent (released in February) and the first advance estimate of 9.2 percent (released in January).
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Cabinet Committee on Economic Affairs (CCEA) has approved the government’s ________% stake sale in Hindustan Zinc Ltd (HZL).
40.8%
14.6%
29.5%
35.2%
Answer with explanation
Answer: Option CExplanation
CCEA approves the sale of the government’s 29.5% stake in Hindustan Zinc. The government today approved a proposal to offload its 29.5% in Hindustan Zinc Limited (HZL), which is likely to fetch around Rs 38,000 crore to the exchequer, sources said
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Moody’s Investors Service slashed India’s economic growth projection to ______ for 2022 from 9.1 percent earlier.
8.8 percent
4.8 percent
5.8 percent
6.8 percent
Answer with explanation
Answer: Option AExplanation
Moody’s Investors Service on Thursday slashed India’s economic growth projection to 8.8 percent for 2022 from 9.1 per cent earlier, citing high inflation
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The Reserve Bank of India (RBI) has reduced the minimum net worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) from Rs 100 crore to?
Rs 50 crore
Rs 35 crore
Rs 25 crore
Rs 15 crore
Answer with explanation
Answer: Option CExplanation
Non-banking companies now need ₹25 crores minimum net worth to set up Bharat Bill Payment Operating Units (BBPOU), the Reserve Bank of India (RBI) informed on May 26. The minimum net-worth criterion for non-bank firms has been lowered from the earlier minimum net worth requirement of ₹100 crore
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Which company will acquire wealth management platforms Wealthdesk & OpenQ for about $75 million in total?
PhonePe
Paytm
Google Pay
BharatPe
Answer with explanation
Answer: Option AExplanation
PhonePe, an Indian payments business backed by Walmart Inc., is acquiring two wealth management firms for $75 million in total in which WealthDesk will cost roughly $50 million.
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World Economic Situation and Prospects (WESP) Mid-year Update 2022’ report has declined India’s GDP growth projections from 6.7% to _____ for 2022-23.
6.4%
6.3%
6.2%
6.1%
Answer with explanation
Answer: Option AExplanation
The United Nations Department of Economic and Social Affairs (UN-DESA) in its ‘World Economic Situation and Prospects (WESP) Mid-year Update 2022’ report has declined India’s GDP (Gross Domestic Product) growth projections from 6.7% to 6.4% for 2022-23.
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India has recorded the “highest ever” annual FDI (foreign direct investment) inflow of USD ________ billion in 2021-22.
89.42
86.91
83.57
81.23
Answer with explanation
Answer: Option CExplanation
“India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22,” it noted. FDI equity inflow in manufacturing sectors has increased by 76 percent in 2021-22 (USD 21.34 billion) compared to 2020-21 (USD 12.09 billion).
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As per the third advance estimate of production of major agricultural crops for 2021-22, what is the estimated production of food grains?
514.51 million tonnes
414.51 million tonnes
314.51 million tonnes
214.51 million tonnes
Answer with explanation
Answer: Option CExplanation
The third advance estimate of production of major agricultural crops for 2021-22 has been released by the Union Ministry of Agriculture and Farmers Welfare.
As per the estimate, the production of Food-grains in the country is estimated at a record 314.51 million tonnes which is higher by 3.77 million tonnes than the production of food-grain during 2020-21. The production during 2021-22 is higher by 23.80 million tonnes than the previous five years’ average production of food grains.
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Which of the following has entered into a share purchase agreement to acquire Chappuis Halder & Cie (Chappuis Halder)?
Atos
Infosys
Accenture
Capgemini
Answer with explanation
Answer: Option DExplanation
Capgemini announced today that it has entered into a share purchase agreement (SPA) to acquire Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm specializing in financial services industry.
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Which company has announced to acquire of Swiss cement major Holcim’s stake in Ambuja Cements and its subsidiary ACC for $10.5 Billions?
Adani group
Aditya Birla Group
Tata Group
Reliance Industries Ltd
Answer with explanation
Answer: Option AExplanation
On Sunday, Adani group announced a deal to acquire a controlling stake in Holcim Ltd’s businesses in India for $ 10.5 billion ( ₹81,300 crores approximately), marking the ports-to-energy conglomerate’s entry into the cement sector.
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Who has topped the list of Forbes Highest-Paid Athletes 2022 with a reported income of $130 million?
Neymar
Cristiano Ronaldo
LeBron James
Lionel Messi
Answer with explanation
Answer: Option DExplanation
Lionel Messi has topped the list of Forbes Highest-Paid Athletes 2022 with a reported income of $130 million, followed by Basketball player, Lebron James with $121.2 million while Cristiano Ronaldo was third with $115 million.
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India’s merchandise exports rose _____________ to $40.19 billion in April 2022 aided by growth in various sectors.
30.7 percent
23.7 percent
20.7 percent
10.7 percent
Answer with explanation
Answer: Option AExplanation
The correct answer is 30.7 percent. India’s merchandise exports rose 30.7% to $40.19 billion in April 2022 aided by growth in sectors like petroleum products, electronic goods, and chemicals.
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What is India’s retail inflation in April 2022, as it touched its highest point in eight years?
7.50 %
7.79 %
7. 85 %
8.01 %
Answer with explanation
Answer: Option BExplanation
India’s retail inflation in April 2022 surged to 7.79 percent in April, largely driven by rising fuel and food prices, touching its highest point in the last eight years.
The previous high was recorded at 8.33 percent in May 2014. 6.95 percent inflation is recorded in the month of March. Food inflation accounted for nearly half the consumer price index (CPI) basket, reaching a high in April. Reserve Bank of India’s (RBI’s) upper tolerance limit for retail inflation is 6 %.
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By selling a 3.5 percent stake in LIC, what is the total amount to be raised by the Government?
Rs 21000 Crore
Rs 36000 Crore
Rs 45000 Crore
Rs 64000 Crore
Answer with explanation
Answer: Option AExplanation
India’s biggest-ever initial public offering (IPO), by Life Insurance Corp (LIC), has been fully booked under all categories.
The portion set for policyholders was booked 6.11 times, employees by 4.39 times, retail investors by 1.99 times, non-institutional investors by 2.91 times, and qualified institutional buyers (QIB) by 2.83 times. The government will raise ₹ 21,000 crores from selling a 3.5 percent stake in the country’s top insurer. This is only a third of the original target fixed by the government.
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What is Indian Rupee’s all-time low record against US Dollar?
76.47
76.90
77.17
77.42
Answer with explanation
Answer: Option DExplanation
The rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and unabated foreign fund outflows
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To how many states, the union government has released a revenue deficit grant of ₹7,183 crores in May 2022?
10 states
14 states
24 states
4 states
Answer with explanation
Answer: Option BExplanation
The grant has been released as per the recommendations of the Fifteenth Finance Commission.
The Finance Ministry on Friday released the second monthly installment of the Post Devolution Revenue Deficit (PDRD) Grant of ₹7,183 crores to 14 states, according to an official statement.
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Which institution releases the ‘Report on Currency and Finance (RCF)’?
NITI Aayog
National Payment Corporation of India
Reserve Bank of India
Ministry of Finance
Answer with explanation
Answer: Option CExplanation
Reserve Bank of India’s (RBI) Report on Currency and Finance (RCF) Recently, the Reserve Bank of India released a Report on Currency and Finance (RCF).
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Who will acquire a 10.07% stake in Blupin Technologies Pvt Ltd for up to Rs 39.34 crore?
Godrej Consumer Products
Hindustan Unilever
ITC
Dabur
Answer with explanation
Answer: Option CExplanation
Diversified entity ITC on Thursday said it will acquire a 10.07 percent stake in Blupin Technologies, the company behind the direct-to-consumer(D2C) brand, Mylo for up to Rs 39.34 crore.
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International Monetary Fund (IMF) has slashed the gross domestic product (GDP) growth forecast for India in FY23 to _____.
7.2 percent
8.2 percent
9.2 percent
10.2 percent
Answer with explanation
Answer: Option BExplanation
The International Monetary Fund (IMF) has slashed the gross domestic product (GDP) growth forecast for India in FY23 to 8.2 percent.
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AS per IMF, what is the projected GDP Growth rate of India in FY23?
8.9%
7.5%
9%
8.2%
Answer with explanation
Answer: Option DExplanation
The International Monetary Fund (IMF) has slashed the gross domestic product (GDP) growth forecast for India in FY23 to 8.2 percent in its latest World Economic Outlook report, released on April 19, 2022.
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The International Monetary Fund (IMF) has slashed India’s growth forecast to ___________ for 2022-23 from 9% estimated in January 2022.
4.1 percent
8.2 percent
7.2 percent
9.8 percent
Answer with explanation
Answer: Option BExplanation
The International Monetary Fund on Tuesday slashed India’s economic growth forecast for the financial year 2022-’23 to 8.2% from its January estimate of 9%.
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In April 2022, India has been elected to how many United Nations Economic and Social Council (UN-ECOSOC) bodies?
6
3
5
4
Answer with explanation
Answer: Option DExplanation
India has been elected to four key United Nations Economic and Social Council (UN-ECOSOC) Bodies in April 2022. These bodies include: Commission for Social Development, Committee on NGOs, Commission on Science & Technology for Development and Ambassador Preeti Saran has been re-elected to Committee for Economic, Social and Cultural Rights.
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As per the World Bank report on the extreme poverty in India, the extreme poverty count in the country declined by what percentage between 2011 and 2019?
10.2%
12.3%
15.5%
11.6%
Answer with explanation
Answer: Option BExplanation
The extreme poverty rate in India fell from 22.5% in 2011 to 10.2% in 2019 as per World Bank Policy Research Working Paper. This represents a decline of 12.3 percentage points in extreme poverty count between 2011 to 2019 in the country.
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The Centre has completed asset monetization worth how many rupees during FY22?
1,00,000
96,000
85,000
78,000
Answer with explanation
Answer: Option BExplanation
The Centre has completed asset monetisation worth Rs 96,000 crore during FY22, surpassing the target of Rs 88,000 crore
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What amount has been announced by UNDP and the partners of the Adaptation Innovation Marketplace (AIM) as climate action grants for 22 local innovators across 19 countries, including India?
$2.2 million
$4 million
$3 million
$5 million
Answer with explanation
Answer: Option AExplanation
The United Nations Development Programme (UNDP) and the partners of the Adaptation Innovation Marketplace (AIM) have approved $2.2 million in climate action grants for 22 local innovators across 19 countries, including India.The funding will be done through Adaptation Fund Climate Innovation Accelerator (AFCIA) window.
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As per RBI Monetary Policy, 8th April 2022, RBI has projected India’s GDP Forecast for FY23 at _____
9.0%
8.5%
7.8%
7.2%
Answer with explanation
Answer: Option DExplanation
Real GDP Growth for the year 2022-23 is now projected at 7.2% with Q1 2022-23 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%, assuming crude oil that is Indian basket at USD 100 per barrel during the year 2022- 23, said RBI Governor Shaktikanta Das after the MPC review meeting.
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