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Business and Economy Quiz
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Business and Economy Quiz

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Questions and Answers

What is the main objective of the Sagar Parikrama initiative?

  • To provide certificates of registration for medical devices
  • To promote financial inclusion among fishermen and fish farmers (correct)
  • To facilitate the import of medical devices
  • To streamline the manufacturing of electric scooters

    • What is the name of the unified portal launched by CDSCO to streamline the import of medical devices?

  • National Single Window System (NSWS) (correct)
  • cednoulineline
  • SUGAM
  • Medical Device Portal

    • Which company has secured eligibility for the government's Production-Linked Incentive (PLI) scheme?

  • Tata Consultancy Services (TCS)
  • CDSCO
  • Ola Electric (correct)
  • Sagar Parikrama

    • What is the purpose of the Kisan Credit Card (KCC) scheme?

    <p>To provide financial inclusion among fishermen and fish farmers</p> Signup and view all the answers

    When did the NSWS become operational?

    <p>January 1, 2022</p> Signup and view all the answers

    What is the range of potential financial benefits for Ola Electric under the PLI scheme?

    <p>INR 15,000 to 18,000 per unit</p> Signup and view all the answers

    Which of the following portals will be disabled by January 15?

    <p>cdscomdonline</p> Signup and view all the answers

    Which initiative has covered nine coastal states and Union Territories since its inception in March 2022?

    <p>Sagar Parikrama</p> Signup and view all the answers

    What is the estimated value of the fundraising round led by the Asian Infrastructure Investment Bank (AIIB) for the Sustainable Energy Infrastructure Investment Trust (InvIT)?

    <p>Rs 2,500 crore</p> Signup and view all the answers

    What was the year-on-year growth rate in UPI transactions in December?

    <p>42% increase</p> Signup and view all the answers

    What was the average daily transaction value of UPI in December?

    <p>40 crore</p> Signup and view all the answers

    What is the percentage of MSME loans that will be acquired by the Central Bank of India Limited (CBI) under the Co-Lending Partnership?

    <p>80%</p> Signup and view all the answers

    What is the new reduced shareholding percentage of Life Insurance Corporation of India (LIC) in Bharat Heavy Electricals Limited (BHEL)?

    <p>9.617%</p> Signup and view all the answers

    What is the percentage increase in Goods and Services Tax (GST) collections for December 2023 compared to the same month the previous year?

    <p>10.28%</p> Signup and view all the answers

    What is the new bulk deposit limit for large urban co-operative banks (UCBs) set by the Reserve Bank of India (RBI)?

    <p>₹1 crore and above</p> Signup and view all the answers

    What was the value of Goods and Services Tax (GST) collections in November 2023?

    <p>₹1,67,929 crore</p> Signup and view all the answers

    What is India's rank in international insurance penetration for the financial years 2021-22 and 2022-23?

    <p>25th</p> Signup and view all the answers

    Which country topped the list of international insurance penetration for the financial years 2021-22 and 2022-23?

    <p>USA</p> Signup and view all the answers

    What is the purpose of ICJS?

    <p>To enable the seamless transfer of data among different pillars of the criminal justice system</p> Signup and view all the answers

    What is the name of the NASA spacecraft that is being redirected to study asteroid Apophis?

    <p>OSIRIS-APEX</p> Signup and view all the answers

    In what year is asteroid Apophis expected to pass remarkably close to Earth?

    <p>2029</p> Signup and view all the answers

    Who won the girls' under-19 category at the 2023 Scottish Junior Open squash?

    <p>Anahat Singh</p> Signup and view all the answers

    What is the name of the asteroid that NASA's OSIRIS-APEX spacecraft is being sent to study?

    <p>Apophis</p> Signup and view all the answers

    What is the cost of the OSIRIS-APEX mission?

    <p>$200 million</p> Signup and view all the answers

    Which Indian cricketer won the Pubity Sport Men's Athlete of the Year 2023 Award?

    <p>Virat Kohli</p> Signup and view all the answers

    How many runs did David Warner amass in his ODI cricket career?

    <p>6,932 runs</p> Signup and view all the answers

    Who is the Russian chess player who won the top women's medal?

    <p>Anastasia Bodnaruk</p> Signup and view all the answers

    What was David Warner's personal best ODI score?

    <p>179 runs</p> Signup and view all the answers

    Who is the Norwegian chess player who won the top men's medal?

    <p>Magnus Carlsen</p> Signup and view all the answers

    How many centuries did David Warner score in his ODI career?

    <p>22 centuries</p> Signup and view all the answers

    Who is the Chinese chess player who won the third position in the women's category?

    <p>Lei Tingjie</p> Signup and view all the answers

    In what percentage of votes did Virat Kohli win the Pubity Sport Men's Athlete of the Year 2023 Award?

    <p>78 percent</p> Signup and view all the answers

    What was launched from the Sriharikota spaceport on January 1?

    <p>XPoSat and 10 other satellites</p> Signup and view all the answers

    Where was the first all-girl Sainik School inaugurated?

    <p>Vrindavan, Uttar Pradesh</p> Signup and view all the answers

    What is the objective of the initiative to establish 100 new Sainik Schools?

    <p>To increase educational opportunities for girls</p> Signup and view all the answers

    What is Reliance Industries Limited (RIL) the first Indian company to do?

    <p>Chemically recycle plastic waste-based pyrolysis oil</p> Signup and view all the answers

    What is ISCC-Plus certification valid for?

    <p>Producing Circular Polymers through chemical recycling</p> Signup and view all the answers

    What is the name of the Circular Polymers produced by RIL?

    <p>CircuRepol and CircuRelene</p> Signup and view all the answers

    When did the 10th phase of Sagar Parikrama take place?

    <p>January 1-6, 2024</p> Signup and view all the answers

    Where did the 10th phase of Sagar Parikrama take place?

    <p>Andhra Pradesh and Puducherry</p> Signup and view all the answers

    Study Notes

    Business and Economy

    • Asian Infrastructure Investment Bank (AIIB) is set to spearhead a fundraising round worth Rs 2,500 crore for the Sustainable Energy Infrastructure Investment Trust (InvIT) supported by the Mahindra Group.
    • In December, UPI transactions soared by an impressive 42% year-on-year, reaching an astounding value of Rs 18 lakh crore.
    • The Central Bank of India Limited (CBI) has entered into a Co-Lending Partnership with Bengaluru-based Kisetsu Saison Finance (India) Private Limited to offer Micro, Small & Medium Enterprise (MSME) Loans.
    • Goods and Services Tax (GST) collections for December 2023 reached ₹1,64,882 crore, marking a notable 10.28% surge compared to the ₹1,49,507 crore collected in the same month the previous year.
    • The Reserve Bank of India (RBI) has decided to substantially increase the bulk deposit limit for large urban co-operative banks (UCBs) to ₹1 crore and above.

    Science and Technology

    • ISRO successfully lifted off the XPoSat (X-ray Polarimeter Satellite) along with 10 other satellites from the Sriharikota spaceport, using the reliable PSLV-C58 rocket.
    • Reliance Industries Limited (RIL) became the 1st Indian company to chemically recycle plastic waste-based pyrolysis oil into International Sustainability & Carbon Certification (ISCC)-Plus certified Circular Polymers.
    • India's Central Drugs Standard Control Organisation (CDSCO) has launched the "National Single Window System (NSWS)" to streamline the import of medical devices.

    Government and Education

    • Defence Minister Rajnath Singh inaugurated the first all-girl Sainik School in Vrindavan, Mathura district, Uttar Pradesh.
    • The 10th phase of Sagar Parikrama, a government initiative focused on the welfare of fishing communities and coastal development, took place from January 1st to 6th, 2024.

    Sports

    • Anahat Singh secured victory in the girls' under-19 category at the 2023 Scottish Junior Open squash held in Edinburgh.
    • Australian cricket David Warner officially announced his retirement from ODI cricket.
    • Indian cricketer Virat Kohli won the Pubity Sport Men's Athlete of the Year 2023 Award.

    International News

    • NASA has redirected its OSIRIS-REx spacecraft from its recent mission to asteroid Bennu to study another celestial body: Apophis.
    • Top 3 Men Medalists at the Chess Championship: Magnus Carlsen (Norway), Vladimir Fedoseev (Slovenia), and Yu Yangyi (China).
    • Top 3 Women Medalists at the Chess Championship: Anastasia Bodnaruk (Russia), Koneru Humpy (India), and Lei Tingjie (China).

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    Test your knowledge of business and economy with this quiz about AIIB, UPI transactions, and more.

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