Chronicle Hindi Book 2022

Current Affairs Questions

Economy Watch:

Insolvency And Bankruptcy Board Of India

Consider the following statements with reference to the Insolvency and Bankruptcy Board of India

  1. It was established on 2nd October, 2015 under the Insolvency and Bankruptcy Code, 2015.
  2. It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information.
  3. It has also been designated as the ‘Authority’ under the Companies (Registered Valuers and Valuation Rules), 2017 for regulation and development of the profession of valuers in the country.

Choose the incorrect statement(s) from the options given below:


Monetary Policy Framework Agreement

With reference to the Monetary Policy Framework Agreement of the Reserve Bank of India, consider the following statements:

  1. The Government of India and Reserve Bank of India signed a Monetary Policy Framework Agreement in 2014.
  2. The objective of monetary policy framework is to primarily maintain price stability, while keeping in mind the objective of growth.
  3. As per the agreement, RBI would set the policy interest rates and would aim to bring inflation below 6 per cent by January 2016 and within 4 percent with a band of (+/-) 2 per cent for 2016-17 and all subsequent years.

Choose the incorrect statement(s) from the options given below:


Types Of Steel

Consider the statements with reference to the different types of steel:

  1. Stainless steels contain a minimum of 10% chromium and are more resistant to corrosion than normal steels.
  2. Electrical steel, also known as silicon steel, it is specialty steel made from the alloying of silicon with iron.
  3. Tool steels are wear-resistant, ferrous alloys based on iron and carbon with high levels of alloying (hardenability and property modifying) elements such as chromium, molybdenum, tungsten, and vanadium.

Which of the statement(s) given above is/are correct?


Urea And DAP/MOP DAP

Consider the following statements with reference to the government interventions in Urea and DAP/MOP DAP (di-ammonium phosphate) MOP (muriate of potash):

  1. Government sets a controlled Maximum Retail Price (MRP) at which urea must be sold to farmers.
  2. Government involvement in DAP and MOP is limited to paying producers and importers a fixed nutrient based subsidy which works out to be roughly 35 per cent of the cost of production.
  3. DAP and MOP producers and importers receive a Nutrient Based Subsidy (NBS) based on a formula that determines the amount of N, P and K in a given amount of fertiliser.
  4. In case of Urea, imports are canalised—only selected agencies are allowed to import urea into India.

Choose the correct statement(s) from the codes given below:


Post Devolution Revenue Deficit

Consider the given statements with reference to the Post Devolution Revenue Deficit:

  1. It is provided to the States under Article 276 of the Constitution.
  2. The grants are released as per the recommendations of the Finance Commission in monthly installments to meet the gap in revenue accounts of the States post-devolution.

Choose the correct statement(s) from the options below:


National Project (NP) Status

Recently, which of the following irrigation projects was denied inclusion under the National Project (NP) status in the absence of investment clearance?


Zero Coupon Bond

Which of the following statement(s) is/are incorrect about Zero Coupon Bond:

  1. It is a debt security that does not pay interest.
  2. The difference between a regular bond and a zero-coupon bond is the payment of interest, otherwise known as coupons.
  3. Zero-coupon bondholders do not receive the face value of the bond when it reaches maturity.

Choose the correct answer from the codes given below:


Landlord Port

Recently, which of the following became the first major port in India to become a 100% Landlord Port having all berths being operated on PPP model?


Surety Bonds

Which of the following statement(s) is /are correct about Surety Bonds:

  1. A surety bond is a promise to be liable for the debt, default, or failure of another.
  2. Surety bonds that are written for construction projects are called contract surety bonds.
  3. Commercial surety bonds cover a very broad range of surety bonds that guarantee performance by the principal of the obligation or undertaking described in the bond.

Choose the correct statement(s) from the options below:


Miscellaneous

Consider the given statements:

  1. A windfall tax is a one-off tax levied on an unforeseen or unexpectedly large profit, especially unfairly obtained by any company.
  2. Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across sectors due to the discovery of natural resources, especially large oil reserves.

Choose the correct statement(s) from the options below:


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