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:

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:

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:

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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Q:

Where are coins minted in India?

A) Delhi, Mumbai, Kolkata	B) Delhi, Kolkata, Hyderabad
C) Mumbai, Delhi, Bangalore	D) Mumbai, Kolkata, Hyderabad, NOIDA

Answer & Explanation Answer: D) Mumbai, Kolkata, Hyderabad, NOIDA

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Q:

Which among the following is NOT an event during the photosynthesis process?

A) Absorption of light energy by chlorophyll	B) Conversion of light energy to chemical energy
C) Splitting of water molecules into hydrogen and oxygen	D) Oxidation of carbon dioxide to carbohydrates

Answer & Explanation Answer: D) Oxidation of carbon dioxide to carbohydrates

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Q:

Preserved traces of living organisms retained in the form of impressions of the body parts in the soil are called ______.

A) specimen	B) fossils
C) antique	D) phylogeny

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