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:

The Sixth Schedule of the Constitution of India pertains to the administration of tribal areas in which of the following States?

A) Assam, Meghalaya, Tripura and Mizoram	B) Meghalaya, Tripura, Manipur and Mizoram
C) Assam, Manipur, Meghalaya and Tripura	D) Manipur, Meghalaya, Tripura and Arunachal Pradesh

Answer & Explanation Answer: A) Assam, Meghalaya, Tripura and Mizoram

Explanation:

The Constitution of India makes special provisions for the administration of the tribal dominated areas in four states viz. Assam, Meghalaya, Tripura and Mizoram. As per article 244 and 6th Schedule, these areas are called “Tribal Areas“, which are technically different from the Scheduled Areas under fifth schedule.

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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

Explanation:

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Q:

In Lok Sabha the total number of members from states is

A) 630	B) 530
C) 430	D) 330

Answer & Explanation Answer: B) 530

Explanation:

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Q:

In August 2017, the Government of India decided to launch a new scheme named “AGEY”. This new scheme is a part of the Deen Dayal Antyodaya Yojna– National Rural Livelihood Mission (DAY-NRLM). What does ‘E’ stand for in ‘AGEY’?

A) Enterprise	B) Energy
C) Express	D) Engineering

Answer & Explanation Answer: C) Express

Explanation:

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Q:

BREXIT refers to the Great Britain leaving which one of the following?

A) International Monetary Fund	B) Common wealth
C) World Trade Organization	D) European Union

Answer & Explanation Answer: D) European Union

Explanation:

Brexit is the withdrawal of the United Kingdom from the European Union. In a referendum on 23 June 2016, 51.9% of the participating UK electorate voted to leave the EU, out of a turnout of 72.2%.

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Q:

What is the name of India’s fastest and first multi – petaflops super computer unveiled at Pune–based India Institute of Tropical Meteorology?

A) Param	B) Pratyush
C) Prashant	D) Paras

Answer & Explanation Answer: B) Pratyush

Explanation:

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Q:

Russian Sukhoi 24 (SU-24) flight was shot down in November 2015 by

A) Syria	B) North Korea
C) Afghanistan	D) Turkey

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