Following are important MCQs with explanations useful for competitive examinations such as IBPS Clerks, IBPS POs, SSC, Railway Exams like Technical and Non Technical streams. The model objective questions may also useful for DRDO Senior Technical Assistant Posts.
1. Which of the following company is not in the list of 7 companies that chosen from India as a Fortune 500 company?
(1) Oil and Natural Gas Corporation (ONGC)
(2) Rajesh Exports
(3) Indian Oil Corporation (IOC)
(4) Tata Consultancy Service (TCS)
(5) None of the above
2. Identify the incorrect statement regarding the Financial Resolution and Deposit Insurance (FRDI) Bill?
(1) The stakeholders including public have raised apprehensions relating to the provisions of the FRDI Bill, like the use of bail-in instrument to resolve a failing bank
(2) The FRDI Bill was introduced in the Lok Sabha on August 10, 2016
(3) The FRDI Bill was referred to a joint committee of Parliament for scrutiny
(4) The government has decided to withdraw FRDI Bill
(5) None of the above
3. In August 2018, while announcing the third bi-monthly Monetary Policy Statement for fiscal 2018-19, Reserve Bank of India has increased the repo rate by …….
(1) 6.5%
(2) 6.75%
(3) 6.0%
(4) 6.25%
(5) None of the above
4. Who among the following is not a member of the Monetary Policy Committee (MPC)?
(1) Urjit Patel
(2) Dr. Chetan Ghate
(3) Dr. Pami Dua
(4) Dr. Michael Debabrata Patra
(5) N.S.Vishwanathan
5. Recently RBI has approved the appointment of …………. as Chief Operating Officer (COO) if ICICI Bank.
(1) Chanda Kochhar
(2) Sandeep Bakhshi
(3) Girish Chandra Chaturvedi
(4) Anup Bagchi
(5) None of the above
6. Who is the head of the committee that was looking into the question of sub-categorisation of OBC quota?
(1) Js. G.Rohini
(2) Js. Sri Krishna
(3) Thaawarchand Gehlot
(4) Ramdas Athawale
(5) None of the above
7. Which state in India is adjudged as the most energy efficient state?
(1) Telangana
(2) Andhra Pradesh
(3) Gujarat
(4) Kerala
(5) None of the above
8. Nicolas Maduro is President of which country?
(1) Nigeria
(2) Eritrea
(3) Venezuela
(4) Vietnam
(5) None of the above
9. Who has won Badminton World Championships – Women’s Singles in 2018?
(1) P.V.Sindhu
(2) Carolina Marin
(3) Nozomi Okuhara
(4) Akane Yamaguchi
(5) None of the above
10. Who is the Prime Minister of Bangladesh?
(1) Khaleda Zia
(2) Fakhruddin Ahmed
(3) Abdul Hamid
(4) Sheikh Hasina
(5) None of the above
Answers and Explanations:
1. (4) Tata Consultancy Service (TCS)
The seven companies from India that feature in the list of Fortune 500 in 2018 are (1) Oil and Natural Gas Corporation (ONGC), (2) Rajesh Exports, (3) Indian Oil Corporation (IOC), (4) Reliance Industries Ltd (RIL), (5) Bharat Petroleum Corp Ltd (BPCL), (6) State Bank of India (SBI) & (7) Tata Motors
2. (2) The FRDI Bill was introduced in the Lok Sabha on August 10, 2016. The FRDI Bill was introduced in the Lok Sabha on August 10, 2017. The bill created lot of controversies as some experts felt that the ‘bail-in’ clause had the potential to harm deposits in savings bank accounts. The joint committee of Parliament was headed by Bhupender Yadav.
3. (5) None of the above.
RBI has increased the repo rate by 25 bps or 0.25%. Now, the new repo rate is 6.5%.
4. (5) N.S.Vishwanathan
The Monetary Policy Committee (MPC) consists of six members. They are Urjit Patel, Dr. Chetan Ghate, Dr. Pami Dua, Dr. Michael Debabrata Patra, Dr. Viral V. Acharya and Dr. Ravindra H. Dholakia. It is headed by Urjit Patel, Governor of RBI.
5. (2) Sandeep Bakhshi
Reserve Bank has approved the appointment of Sandeep Bakhshi as COO at ICICI Bank. MD & CEO of ICICI Chanda Kochhar will be on leave till completion of the external enquiry against her in the Videocon loan matter. Girish Chandra Chaturvedi is Non-Executive Chairman. Anup Bagchi is an Executive Director of ICICI.
6. (1) Js. G.Rohini
The Lok Sabha recently unanimously passed a constitutional amendment to give statutory status to the National Commission for Backward Classes (NCBC). Thaawarchand Gehlot is the Union Minister for Social Justice and Empowerment. Js. B.N.Srikrishna committee has submitted its report to IT Ministry on data protection. Ramdas Athawale is Minister of State for Social Justice and Empowerment.
7. (4) Kerala
The first edition of the State Energy Efficiency Preparedness Index is brought out jointly by the Bureau of Energy Efficiency (BEE) and NITI Aayog. Kerala, with 77 points is at the top followed by Rajasthan and Andhra Pradesh are at second and third positions respectively.
8. (3) Venezuela
Nicolas Maduro is the President of Venezuela since 2013. Capital of Venezuela is Caracas.
9. (2) Carolina Marin
Carolina Marin has defeated P.V.Sindhu in the final match. With this win Marin became the first woman shuttler to win the world championships thrice. She had won the title in 2014 and 2015.
10. (4) Sheikh Hasina
Sheikh Hasina is the Prime Minister of Bangladesh since 6 January 2009. Khaleda Zia & Fakhruddin are former Prime Ministers. Abdul Hamid is the President. Capital: Dhaka; Currency: Taka.