GA Revision for All Banking And Other Exams – 976

1. The Competition Commission of India (CCI) approved 7.8% minority stake in Aditya Birla Fashion and Retail Ltd in which company?
   A) Shopclues
   B) Reliance
   C) Pepperfry
   D) Flipkart
   
   
   

   
   Option D
   Explanation: The Competition Commission of India (CCI) has approved the ₹1,500-crore Flipkart-Aditya Birla Fashion deal, which was announced in October last year. Commission approved acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd.

   
   
2. When is the World Day of Social Justice held?
   A) March 10
   B) April 15
   C) February 20
   D) May 18
   
   
   

   
   Option C
   

   
   
3. The Securities and Exchange Board of India (Sebi) has given its approval for the takeover deal between Reliance Retail and which of the following?
   A) Future Group
   B) DMart Group
   C) Shoppers Stop
   D) Aditya Birla Group
   
   
   

   
   Option A
   Explanation: The Securities and Exchange Board of India (Sebi) has given its approval for the takeover deal between Kishore Biyani’s Future Group and Reliance Retail, part of Reliance Industries Limited (RIL).

   
   
4. What is the study of economy wide phenomena, including inflation, unemployment, and economic growth called?
   A) Macroeconomics
   B) Welfare Economics
   C) Microeconomics
   D) Market Economy
   
   
   

   
   Option A
   Explanation: Macroeconomics studies large-scale economic decisions. For example, a whole country’s economy (or, its economic output) is summarised by the GDP (gross domestic product). Many governments use macroeconomic ideas to decide how much tax to collect and what interest rates should be.

   
   
5. Which country hosted a workshop on COVID-19 Management: Experience, Good Practices and Way Forward’?
   A) SriLanka
   B) China
   C) Nepal
   D) India
   
   
   

   
   Option D
   Explanation: India hosted a Workshop on ‘COVID-19 Management: Experience, Good Practices and Way Forward’.

   
   
6. The government has decided to set up a NFPC to have an unbiased and transparent digital faceless mechanism for imposing penalties on tax defaulters. What does C stand for in NFPC?
   A) Control
   B) Central
   C) Centre
   D) Coordination
   
   
   

   
   Option C
   Explanation: After implementing faceless assessment and faceless appeal systems on income tax matters, the government has decided to set up a National Faceless Penalty Centre (NFPC) to have an unbiased and transparent digital faceless mechanism for imposing penalties on tax defaulters.

   
   
7. India signed a MoU with which country for reconstruction of six secondary schools in Himalayan region?
   A) Nepal
   B) China
   C) Bhutan
   D) Myanmar
   
   
   

   
   Option A
   Explanation: India and Nepal signed a Memorandum of Understanding (MoU) for the reconstruction of six secondary schools in the Himalayan nation.

   
   
8. What does M stands for in QSAM with respect to Aadhar based payments?
   A) Manager
   B) Merge
   C) Mapper
   D) Maintain
   
   
   

   
   Option C
   Explanation: Query Service on Aadhaar Mapper (QSAM).

   
   
9. Which payments bank has become the first in the country to launch the multi-partner FD service where an account holder can select the partnered bank as per their preference in partnership with Suryoday Small Finance Bank?
   A) Jio Payments Bank
   B) NSDL Payments Bank
   C) Airtel Payments Bank
   D) Paytm Payments Bank
   
   
   

   
   Option D
   Explanation: Paytm Payments Bank Ltd (PPBL), in partnership with Suryoday Small Finance Bank, is going to facilitate fixed-deposit services to its account holders. With this new partnership, PPBL has become the first payments bank in the country to launch the multi-partner FD service where an account holder can select the partnered bank as per their preference.

   
   
10. What is the capital of Lithuania?
    A) Skopje
    B) Vilnius
    C) Majuro
    D) Abuja
    
    
    

    
    Option B
    Explanation: Currency – Euro, President - Gitanas Nausėda