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Q:

In October 2017, who launched India’s 3rd biggest ‘Initial Public Offering (IPO)’ of Rs 11,370 crore?

 

A) Reliance Industries Ltd B) GIC Re
C) Coal India Ltd D) Infosys
 
Answer & Explanation Answer: B) GIC Re

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Q:

What is MUDRA?

A) Development and Refinance Agency B) Scheme for Agricultural Insurance
C) New Planet Discovered D) Development and Regulatory Authority for Urban Township
 
Answer & Explanation Answer: A) Development and Refinance Agency

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Q:

From where was Mangalyan launched?

A) Chennai B) Sriharikota
C) Trombay D) Gopalpur, on sea
 
Answer & Explanation Answer: B) Sriharikota

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Q:

According to the Indian Constitution, who has the power to declare emergency ?

A) Prime Minister B) President
C) Chief Justice D) Parliament
 
Answer & Explanation Answer: B) President

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Q:

If any Fundamental Right of a citizen is breached, then under Article 32 of Indian Constitution he can directly go to the ______

A) Chief Minister of state   B) Prime Minister of India  
C) Supreme Court of India   D) Governor of state
 
Answer & Explanation Answer: C) Supreme Court of India  

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Q:

Who was the first President of the Indian National Congress?

A) Womesh Chunder Bonnerjee B) Bal Gangadhar Tilak
C) Allan Octavian Hume D) Dadabhai Naorji
 
Answer & Explanation Answer: A) Womesh Chunder Bonnerjee

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Q:

There are total _________ parliamentary seats (Rajya Sabha constituency) in Odisha.

A) 11 B) 19
C) 10 D) 1
 
Answer & Explanation Answer: C) 10

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Q:

The banks avail long-term loans from Reserve Bank of India (RBI) by putting no collateral securities. This loan is availed under which of the following lending rates?

A) Bank rate B) Repo rate
C) Reserve repo rate D) Marginal Standing Facily
 
Answer & Explanation Answer: A) Bank rate

Explanation:

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

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