Current Affairs Progress Test – Set 101

1. RBI has relaxed the norms for external commercial borrowings (ECBs) by reducing the mandatory hedging provision to 70 percent. Earlier this limit was__________ percent
   75%
   100%
   80%
   90%
   85%
   Option B
   The Reserve Bank of India (RBI) has relaxed the norms for external commercial borrowings (ECBs) by reducing the mandatory hedging provision to 70 per cent from the current 100 per cent. The relaxed norms will apply to the ECBs with a maturity period between 3 and 5 years

    

2. The RBI has decided to extend the deadline for meeting the Basel III norms to ___________ from March 2019.
   August 2020
   July 2020
   December 2020
   April 2020
   March 2020
   Option E
   The RBI on November 19 decided to extend the deadline for meeting the Basel III norms to March 2020 from March 2019. Under RBI-mandated norms, banks are supposed to maintain the capital adequacy ratio of 9%. Rating agency Crisil said that the relaxation of the deadline will increase the lending capacity of banks by Rs 35,000 crore.

    

3. Recently CARE Ratings released a report showing the list of states with highest share of development projects under implementation. As per the report, the state to top the list is________________
   Tamil Nadu
   Uttar Pradesh
   Maharashtra
   Odisha
   Andhra Pradesh
   Option C
   With 129 development projects under implementation, Maharashtra has topped the list among all states, a report has shown. Of the total 1,361 projects under implementation across different sectors, Maharastra has 129 projects being implemented at a total original cost of Rs 1.72 lakh crore, a report by Care Rating has shown.

    

4. RBI conducts auction of G-sec and T-bills on a __________ basis where 5 percent of the notified amount is allotted for eligible investors under the scheme for non-competitive bidding facility.
   Weekly
   Monthly
   Daily
   Fortnightly
   Bi-Monthly
   Option A
   RBI conducts auction of G-sec and T-bills on a weekly basis where 5 percent of the notified amount is allotted for eligible investors under the scheme for non-competitive bidding facility.

    

5. A report by SBI research pointed out that due subdued GST mop-up and excise duty cut on petroleum products, indirect tax collections are likely to fall by Rs _________ crore in the current fiscal.
   Rs 85,000 crore
   Rs 75,000 crore
   Rs 1,00,000 crore
   Rs 90,000 crore
   Rs 80,000 crore
   Option D
   

    

6. SBI Research report says that following decline in oil prices, India’s current account deficit (CAD) is expected to touch ___________ per cent of GDP in the current fiscal against an earlier expectation of 2.8 per cent
   2.0%
   2.6%
   2.2%
   2.4%
   3.0%
   Option B
   

    

7. The Central Government is committed to bring down India’s fiscal deficit to ________ percent of GDP at the end of the current fiscal.
   2.5%
   4%
   3.3%
   3.5%
   4.2%
   Option C
   Finance minister Arun Jaitley has set the fiscal deficit target for 2018-19 at 3.3% of the gross domestic product (GDP) to accommodate higher demand for expenditure against the earlier target of 3%.

    

8. The finance minister of which state has recently said that the state holds the potential to become a logistics hub of the east and attract investments of around Rs 5,000 crore by 2020?
   West Bengal
   Bihar
   Odisha
   Jharkhand
   Chhattisgarh
   Option A
   

    

9. As per the new rules of SEBI regarding re-classification of a promoter as a public investor, an outgoing promoter will not be allowed to hold over _______ percent stake in the listed firm.
   25%
   20%
   15%
   10%
   12%
   Option D
   Markets regulator Sebi has come out with new rules for re-classification of a promoter as a public investor, wherein an outgoing promoter will have to relinquish special rights as well as control over the affairs of the listed firm and not be allowed to hold over 10 per cent stake.

    

10. Which among the following has recently received SEBI’s approval to launch weekly Dollar-Rupee derivatives contracts
    National Stock Exchange
    Bombay Stock Exchange
    Multi Commodity Exchange of India Ltd
    National Commodity & Derivatives Exchange Limited
    Metropolitan Stock Exchange
    Option A
    The National Stock Exchange (NSE) has received Sebi’s approval to introduce weekly derivatives contracts on USD-INR which it will launch from December 3. The weekly derivatives contracts will help participants limit time-related premium costs, thereby offering effective protection for their foreign exchange exposures,

     

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