Table of Content

Start PIB Quiz of 06th – 08th August 2021

Q.1) Centrally Sponsored Scheme for Fast Track Special Courts has been extended for further 2 years. Which is not one of the objectives of these fast- track courts?
Q.2) Under which project, the Border Roads Organisation (BRO) has constructed and completed black topping the world’s highest motorable road at Umling La pass in Eastern Ladakh?
Q.3) What is one of the amendments under ‘The Limited Liability Partnership (Amendment) Bill 2021’?
Q.4) Essential Defence Services Bill-2021, passed in Lok Sabha on August 3, 2021. The following are the provisions under the bill, EXCEPT:
Q.5) Ministry of Science has developed an indigenous climate model- IITM-ESM, for what purpose?

Start RBI Quiz of 06th – 08th August 2021

Q.1) Parliament has passed the General Insurance Business (Nationalisation) Amendment Bill, 2021. Identify the statements correctly related to it. 1.The Bill will amend the General Insurance Business (Nationalisation) Act, 1972. 2.The Bill seeks to provide for a greater private sector participation in the public sector insurance companies regulated under the Act. 3. The bill removes the provision that shareholding of the central government in the specified insurers must be at least 49%.
Q.2) RBI has recently extended the timeline for the implementation of the circular on the opening of current accounts by banks that came last year. The central bank has given banks time until October end to implement the new rules on current accounts issued in 2020. Which of the following are correctly related to this rule? 1.Only public sector banks can open current accounts for customers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system. 2.In the case of borrowers who have not availed of the CC/OD facility from any bank, there is no restriction on the opening of current accounts by any bank if exposure of the banking system to such borrowers is less than ₹5 crores. 3.RBI, by bringing this move, wants to prevent the misuse of funds as companies used to borrow money from one bank and divert money to accounts in other banks.
Q.3) SEBI has reduced the minimum application value of REITs and InvITs, and revised trading lot for these emerging investment instruments to make them attractive for retail investors. New Requirement ranges between Rs 10,000-15,000. What was the existing minimum application value?
Q.4) Yes Bank and Indiabulls Housing Finance entered into a strategic agreement to offer home loans to homebuyers at competitive interest rates. Which of the following is incorrectly related to it? 1.It is an example of the co-lending framework laid down by Reserve Bank of India 2.The risks and rewards of such framework as followed by this agreement are usually shared among the borrowers to the extent of their individual exposures and NBFCs shall be required to retain a minimum of 20 per cent share of the individual loans on their books. 3.The basic idea behind the deal is that banks have the money and lower cost of funds while NBFCs have greater reach on the ground thus collaboration makes sense.
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About Anuj Jindal


Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.