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- Question
Who released a report that RBI has Rs.3 lakh crore (43$ million) in excess reserves?
Options- A. UBS
- B. World Bank
- C. BofAML
- D. Bank of America
- Correct Answer
- BofAML
ExplanationBank of America Merrill Lynch (BofAML), the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product). This also includes the excess capital in contingency reserves and revaluation reserves. The Bimal Jalan committee on the appropriate capital reserves for RBI was likely to identify this excess buffer. The committee was set up in December-end with a 6-member panel headed by former RBI governor Jalan. Indranil Sen Gupta, chief India economist at BofAML notified that RBI maintains higher contingency reserves as a percentage of its total book compared to its peers in Brazil, Russia and South Africa, thus a lower cap will bring in more funds. The BofAML report stated that capping overall reserves at 20% from 25.5% will release Rs. 1.96 lakh crore and there is no specific hindrance which would deter RBI from transferring the money to government. - 1. The Union Cabinet recently approved an MoU signed in the field of Cyber Security. The MoU was signed with which of the following countries?
Options- A. The United States of America
- B. Britain
- C. Switzerland
- D. Germany Discuss
- 2. Rana Kanwar Pal was elected as the Speaker of the Legislative Assembly of
Options- A. Uttar Pradesh
- B. Punjab
- C. Goa
- D. Manipur Discuss
- 3. Abhishek Verma won the gold medal at __________ air pistol in the ISSF World Cup.
Options- A. 10m
- B. 20m
- C. 30m
- D. 50m Discuss
- 4. Noted agriculturalist Nel Jayaraman passed away recently. He belongs to which state?
Options- A. Karnataka
- B. Andra Pradesh
- C. Kerala
- D. Tamil Nadu Discuss
- 5. By what percent does the bank credit grows for the financial year 2018-19, as per the Reserve Bank of India(RBI)?
Options- A. 12.24%
- B. 12.54%
- C. 13.24%
- D. 13.54% Discuss
- 6. EV charging stations to be established in which Indian city?
Options- A. Bengaluru
- B. Kolkata
- C. Chennai
- D. Hyderabad Discuss
- 7. Union government launched the Blue Revolution programme at a total expenditure of what amount?
Options- A. Rs 48000 lakh
- B. Rs 52000 lakh
- C. Rs 55000 lakh
- D. Rs 62000 lakh Discuss
- 8. Union Minister for Urban development and housing M. Venkaiah Naidu launched which of the following app with MSEFC portal?
Options- A. MyMSME
- B. MKisan
- C. MEAIndia
- D. mKavach Discuss
- 9. Who has been appointed as the Member of the Commonwealth Secretariat Arbitral Tribunal of London?
Options- A. Anantkumar Surendraray Dave
- B. K. G. Balakrishnan
- C. K. S. Radhakrishna Panicker
- D. S. J. Mukhopadhaya Discuss
- 10. The Union government has launched a new comprehensive scheme to boost the development of which sector?
Options- A. Handloom
- B. Powerloom
- C. Tourism
- D. Education Discuss
More questions
Correct Answer: The United States of America
Correct Answer: Punjab
Correct Answer: 10m
Explanation:
Abhishek Verma won the 10m air pistol gold medal at the ISSF World Cup at Beijing, China. He clinched the top spot with a total score of 242.7. Russia's Artem Chernousov took silver. His brilliant performance in the Shooting World Cup Final also secured a fifth Olympic quota for India.
Correct Answer: Tamil Nadu
Explanation:
Noted agriculturalist Nel Jayaraman (54), who pioneered the protection and propagation of indigenous paddy varieties in Tamil Nadu, passed away in Chennai on December 6, 2018. Hailing from Thiruthuraipoondi, in the heart of Tamil Nadu's delta rice bowl, Jayaraman has been credited with documenting and protecting more than 170 paddy varieties.His diligent work in the field of protecting the gene prototypes of indigenous paddy varieties won him the National Award in 2015 and a state award in 2011.
Correct Answer: 13.24%
Explanation:
According to Reserve Bank of India data, the bank credit grew by 13.24 percent in financial year 2019 (FY19) to Rs 97.67 lakh crore as compared to 10.3 percent in FY18 and the deposits up by 10.03 percent in FY19 to Rs 125.72 lakh crore as compare to 6.7 percent in FY18. Additional Information According to the data available till February 2019, the credit growth in service sector was 23.7 percent and in retail sector it was 16.7 percent. Overall credit growth in the industry sector was 5.6%.
Correct Answer: Bengaluru
Explanation:
In order to reduce the burden for the electric vehicle users who hunt for charging stations in the city Electric Vehicles charging Stations has been planned to be established in Bengaluru, Karnataka. The 112 EV charging stations that have been proposed to provide the infrastructure needed to encourage the use of EVs will be readied by August-end.
Correct Answer: Rs 52000 lakh
Correct Answer: MyMSME
Explanation:
Union Minister for Urban development and housing M. Venkaiah Naidu launched Micro and small Enterprises Facilitation Council(MSEFC) Portal and My MSME app. It was launched as a part of digital India initiative from the perspective of the MSME sector in the country. The grievances field will be communicated through the email and sms instantly.
Correct Answer: K. S. Radhakrishna Panicker
Explanation:
Justice (Retired) KS Radhakrishnan, a former Supreme Court judge, was on May 8, 2019 appointed as the Member of the Commonwealth Secretariat Arbitral Tribunal of London. He will serve a 4-year term from June 1, 2019 to May 31, 2023 as a Member of the Tribunal. The Commonwealth Secretariat Arbitral Tribunal resolves disputes of the Commonwealth organisations, international or intergovernmental.
Correct Answer: Powerloom
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