Q:

What is Cash Reserve Ratio?

A) Deposits of banks in government securities	B) Rate at which banks borrow funds from the RBI
C) Deposits (as cash) which banks have to keep/maintainwith the RBI	D) Rate at which RBI borrows money from the banks

Answer & Explanation Answer: C) Deposits (as cash) which banks have to keep/maintainwith the RBI

Explanation:

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Q:

Recently, Prime Minister Narendra Modi has inaugurated the 60-megawatt Tuirial Hydroelectric power project. The project is being constructed in which of the following state?

A) Sikkim	B) Assam
C) Meghalaya	D) Mizoram

Answer & Explanation Answer: D) Mizoram

Explanation:

The 60-megawatt Tuirial Hydroelectric power project has been inaugurated by PM from Aizawal, Mizoram. Now Mizoram has become third power-surplus state in North-East after Sikkim and Tripura.Note: Tuirial Dam is an earth fill and gravity dam near Kolasib in the state of Mizoram in India.

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Q:

The BRICS New Development Bank (NDB) has been set up for

A) Funding infrastructure projects in emerging economics for sustainable development	B) Funding non-infrastructure projects in emerging economics for sustainable development
C) Funding infrastructural projects in developed countries	D) Funding infrastructural projects in BRICS countries only

Answer & Explanation Answer: A) Funding infrastructure projects in emerging economics for sustainable development

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Q:

Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD __________________ per Financial Year for any permitted current or capital account transaction or a combination of both.

A) USD 3,00,000	B) USD 3,50,000
C) USD 2,00,000	D) USD 2,50,000

Answer & Explanation Answer: D) USD 2,50,000

Explanation:

Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD 2,50,000 per Financial Year (April-March) for any permitted current or capital account transaction or a combination of both

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Q:

Which Indian Bank co-launched a Contactless debit card along with Japan's JCB International?

A) Punjab National Bank	B) State Bank of India
C) HDFC Bank	D) Axis Bank

Answer & Explanation Answer: B) State Bank of India

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Q:

What is the maximum number of Members of the Rajya Sabha?

A) 150	B) 200
C) 250	D) 300

Answer & Explanation Answer: C) 250

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Q:

Saina Nehwal is associated with which sport?

A) Tennis	B) Cricket
C) Badminton	D) Gymnastics

Answer & Explanation Answer: C) Badminton

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Q:

Name the character in Mahabharat who was blessed with the 'divine vision' to see the Mahabharata battle and explain it scene by scene to the blind king Dhritarashtra.

A) Sanjaya	B) Dussala
C) Vidura	D) Balarama

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