NABARD Economic and Social Issues MCQ’s (Set – 1)
Dear Aspirants,
Welcome
to Mentor for Bank Exams. NABARD Grade A Recruitment for 2018 is
announced and Prelims Exam is scheduled on 12th May 2018. As you know that exam
is approaching, you need to be very focused on practice more and more
questions to maximise your score. The Economic and Social Issues Section
carries 40 marks. For the clear idea of NABARD Prelims Exam, go through
this NABARD Economic and Social Issues MCQ’s daily.
1. The Bharat Sanchar
Nigam Limited (BSNL) and Vihaan Networks Limited (VNL) have signed MoU to
launch __________ service to provide disaster management in India.
a) “Relief
111”
b) “Relief
181”
c) “Relief
123”
d) “Relief
99”
e) “Relief
100”
Answer: C)
Explanation: Domestic
telecom equipment provider Vihaan Networks Limited (VNL) signed a Memorandum of
Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL) to launch
"Relief 123" service to provide disaster management in India.
2. Name the bank that
has recently launched ‘Project Nishchay’ in partnership with the Boston
Consulting Group (BCG) to accelerate its turnaround program and improve
financial performance.
a) Canara
Bank
b) IndusInd
Bank
c) PNB
d) ICICI
Bank
e) IDBI
Bank
Answer: E)
Explanation: IDBI Bank
has launched ‘Project Nishchay’ in partnership with The Boston Consulting Group
(BCG) to accelerate its turnaround programme and improve financial performance.
3. The Asian
Development Bank has announced to increase its annual lending to India to a
maximum of ______________ between 2018 and 2022 to help fasten inclusive
economic transformation.
a) $4.0
billion
b) $4.5
billion
c) $3.8
billion
d) $3.5
billion
e) $3.2
billion
Answer: A)
Explanation: The Asian
Development Bank will increase its annual lending to India to a maximum of $4billion
between 2018 and 2022 to help fasten inclusive economic transformation towards
upper middle income status.
4. The Insolvency and
Bankruptcy Board of India (IBBI) has registered National E-Governance Services
Limited (NeSL) as a/an ________________ under the IBBI Regulations, 2017.
a) Service
Provider
b)
Technical Assistance Unit
c) Internal
Utility Service
d) Artificial
Intelligence Unit
e)
Information Utility
Answer: E)
Explanation: For the first
time, the Insolvency and Bankruptcy Board of India (IBBI) registered National
e-Governance Services Limited (NeSL) as an information utility. This
registration is valid for five years from the date of registration, the
ministry of corporate affairs said in a statement.
5. The U.S. Federal
Reserve fined HSBC Holdings PLC _________ million for “unsafe and unsound
practices” in its foreign exchange trading business.
a) $175
million
b) $150
million
c) $100
million
d) $200
million
e) None of
these
Answer: A)
Explanation: The US
Federal Reserve has fined HSBC Holdings PLC and HSBC North America Holdings Inc
USD175 million for "unsafe and unsound practices" in its foreign
exchange trading business.
6. Name the lender
that has recently announced a new home loan scheme that oᠸers borrowers the benefit of 1%
cashback on every EMI, for the entire tenure of the loan.
a) State
Bank of India
b) HDFC
Bank
c) IndusInd
Bank
d) Oriental
Commerce Bank
e) ICICI
Bank
Answer: E)
Explanation: ICICI Bank
announced a new home loan scheme that oᠸers
borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the
loan. The oᠸer will be valid for home
loans with a minimum tenure of 15 years and maximum tenure of 30 years.
7. Name the state
government for which India and the World Bank signed a $200 million Loan Agreement
for the state's Agribusiness and Rural Transformation Project.
a) Tamil
Nadu
b)
Meghalaya
c) Assam
d) Tripura
e)
Karnataka
Answer: C)
Explanation: India signed a $200 million loan
agreement with the World Bank to promote agri businesses and climate-resilient
farming in the north-eastern state of Assam.
8. Name the lender
that has announced the sanction of credit facilities amounting to Rs.2,317 crore
to corporate for financing Grid Connected Rooftop Solar projects under the
bank's program with World Bank.
a) State
Bank of India
b) Reserve
Bank of India
c)
Syndicate Bank
d)
Allahabad Bank
e) Bank of
Baroda
Answer: A)
Explanation: State Bank
of India announced sanction of credit facilities amounting to Rs2,317 crore to
corporates for financing Grid Connected Rooftop Solar projects under an
SBI-World Bank program.
9. Which of the
following bank has signed an agreement with the government to provide Rs 1,000
crore financing for food processing projects?
a) SBI
b) Dena
Bank
c) Yes Bank
d) Axis
Bank
e) ICICI
Bank
Answer: C)
Explanation: Private
sector lender Yes Bank signed an agreement with the government to provide Rs
1,000 crore financing for food processing projects.
10. Central Board of
Direct Taxes (CBDT) clarified that farmers do not need to quote Permanent
Account Number (PAN) for cash sale of their produce up to Rs.____ lakh a day.
a) Rs 1
lakh
b) Rs 2
lakh
c) Rs 3
lakh
d) Rs 4
lakh
e) Rs 5
lakh
Answer: B)
Explanation: The revenue
department said that the farmers do not need to quote PAN for cash sale of
their produce up to Rs 2 lakh a day.
