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Total Questions : 398 | Page 34 of 40 pages
Question 331. The policy of Special Economic Zone (SEZ) in India was implemented with effect from
  1.    Nov. 2000
  2.    Nov. 1998
  3.    Feb. 2002
  4.    Dec. 1999
 Discuss Question
Answer: Option A. -> Nov. 2000
Answer: (a)In Nov. 2000, the policy of Special Economic Zone (SEZ) in India was implemented with a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and with a view to attract larger foreign investment in India.
Question 332. Consider the following statements :

  1. MMTC limited is India’s largest international trading organisation.

  2. Neelanchal Ispat Nigam Limited has been set up by MMTC jointly with the government of Odisha.


Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option B. -> Both 1 and 2
Answer: (b)
MMTC Ltd., Metals and Minerals Trading Corporation of India, is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body.
Neelachal Ispat Nigam Limited (NINL), is a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL).
Question 333. The term ‘bilateral netting’ is related to which of the following?
  1.    Power sector contracts
  2.    Inter-government contracts
  3.    Financial contracts
  4.    Tax avoidance related contracts
 Discuss Question
Answer: Option C. -> Financial contracts
Answer: (c)
A bilateral netting agreement enables two counterparties in a financial contract to offset claims against each other to determine a single net payment obligation due from one counterparty to the other.
As of now, bilateral netting for financial contracts is not allowed in India and the government is planning to introduce a bill. (No need to go into detail)
Question 334. Consider the following statements :

  1. MMTC limited is India’s largest international trading organisation.

  2. Neelanchal Ispat Nigam Limited has been set up by MMTC jointly with the government of Odisha.


Which of the statements given above is/are correct?
  1.    Both 1 and 2
  2.    2 only
  3.    1 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option A. -> Both 1 and 2
Answer: (a)
MMTC Ltd., Metals and Minerals Trading Corporation of India, is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body.
Neelanchal Ispat Nigam Limited (NINL), is a company promoted by MMTC Ltd, Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL).
Question 335. Consider the following statements :

  1. Small Industry Development Bank of India (SIDBI) was set up as a whole owned subsidiary of the RBI.

  2. SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.


Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option A. -> 2 only
Answer: (a)
Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises.
It was incorporated initially as a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI has taken over the responsibility of administering small industry development funds managed by the IDBI.
Question 336. Sunrise industries are industries :
  1.    Which improve exports performance of the country.
  2.    Which are small scale industries
  3.    Which are well developed and have ample scope for future development.
  4.    Which have high growth potential and meet future requirements of the economy.
 Discuss Question
Answer: Option D. -> Which have high growth potential and meet future requirements of the economy.
Answer: (d)Sunrise industries are industries which have high growth potential and meet future requirements of the economy.
Question 337. Who among the following is elected as a chairman of IBA consecutively for second term in June 2013?
  1.    Alok Mishra
  2.    K.R. Kamath
  3.    R.M. Mallya
  4.    G. Srinivasan
 Discuss Question
Answer: Option B. -> K.R. Kamath
Answer: (b)
Indian Banks’ Association (IBA), formed on 26 September 1946 as a representative body of management of banking in India.
K.R. Kamath was elected as a chairman of IBA consecutively for the second term in June 2013. He has been working since 1/10/2012 after chairman Alok K Misra, CMD of Bank of India.
Other notable chairmen include M. D. Mallya of Bank of Baroda, V. P. Shetty, M. V. Nair, Rashid Jilani and O P Bhatt.
Question 338. On which date is the establishment of State Bank of India celebrated?
  1.    1st July
  2.    1st January
  3.    15th October
  4.    19th June
 Discuss Question
Answer: Option A. -> 1st July
Answer: (a)
1st July is celebrated as the establishment date of the State Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India.
SBI is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai.
It has assets of US$388 billion and 16,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.
Question 339. Consider the following factors:
  1. High Investment in industries
  2. Expanding market for product
  3. Dynamic entrepreneurship
Which of the above are required for accelerated growth of an economy ?
  1.    1, 2 & 3
  2.    1 & 2
  3.    Only 1
  4.    2 & 3
 Discuss Question
Answer: Option A. -> 1, 2 & 3
Answer: (a)
Question 340. Which is not included in 8 core sectors in India?
  1.    Electricity
  2.    Coal
  3.    Fertiliser
  4.    Chemical
 Discuss Question
Answer: Option D. -> Chemical
Answer: (d)Eight Core sectors in India include Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. Chemical is not included in this Sector.

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