July –August 2019 MCQs

Q 1. Who is the Prime Minister of Bhutan?

(a) LotayTshering
Q2 How much financial assistance is India going to give to Bhutan for implementation of
Bhutan’s 12th five year plan?

(a) Rs 4500 Crore

Q3 Who is the President of Maldives?

(a) Ibrahim Mohamed Solih

Q4 What is the full name of Chahabar sea Port

(a) The Shaheed Behesti port

Q5 Which Indian Company is going to Operate Sea Port at Chahabar?

(a) Sea Port Authority of India

(b) Magazone Port Trust
(c) India Ports Global Limited Company
(d) Bombay Harbour Company

Q6 NASA Space craft recently has survived humanity’s most distance exploration of another
world. It has accomplished the most distant flyby. What is the name of this Spacecraft?

(a) New Horizons spacecraft

Q7 What is full form of MSME ?

(a) Micro Small and Medium Enterprise

Q8 Dena Bank and Vijya Bank are getting merged with______________________________

Bank.

(a) Bank of Baroda

Q9 The name of the Chinese space craft that landed on the moon is____________

(a) Chang’e 4
Q10 Who is Governor of RBI?

(a) Shaktikanta Das

Q11 What is full form of NCLT?

(a) National Company Law Tribunal

Q12 The 140 year old, a World Heritage Site, has prompted UNESCO to take steps to assess the
state of railway system and see whether the property is worth the global heritage tag. Which is
this famous site in India?

(a) Darjeeling Himalayan Railway

Q13 In which country was last 2019 G-20 Summit held?

(a) Japan
Q14 Who won the Wimbledon Ladies Final this year?

(a) Simona Halep

Q14 Which company has committed yet another fraud of Rs 1774 crore on another state – owned
Allahabad Bank?

(a) Bhushan Power & Steel

Q15 How much is the penalty levied by US regulators on Facebook to settle a probe into social
network’s privacy and data protection lapses?

(a) $ Five Billion

Q16What isFull form of DGCA?

(a) Directorate General Civil Aviation

Q17 Recently the former Chairman of Jet Airways was asked by Delhi High Court to give Rs
18K crore Bank Guarantee if he wanted to travel abroad and leave India? Who is this former
Chairman?

(a) Naresh Goyal

Q18 Who is the CEO and MD OF Tata Consultancy Sevices?

(a) Rajesh Gopinathan

Q19 The Budget Proposal to impose a higher surcharge on super rich, also applicable on capital
gains made by FPIs so long as they use the preferred trust. What is the full form of FPI?
 (a) Foreign Portfolio Investors
Q20 In which country is Malaysian Government owned Tenaga National Berhadexploring to
setup renewable energy platform?

(a) India
Q21 Who is CEO of Star Sports?

(a) Vijay Shankar

(b) Vikram Sen
(c) Arun Rawat
(d) Vikram Seth
Q22 Which business is being wrapped up by Walmart India?

(a) Fresh Food business

Q23 Who has been named to head their EV BIZ by Hero Motocorp?

(a) Rajat Bhargava

Q24 How many times has the Cricket World Cup Final been played at Lords Cricket Ground?

(a) Five times

Q25 The Japanese conglomerate, SoftBank Group Corp wanted to invest another $1.1 billion in
which well-established Strat Up in India?

(a) Ola
Q26 In which business would Britain’s biggest car maker JLR be investing millions of pounds
into?

(a) EV
27. The first phase of globalization started around 1870 and ended with
a. The World War I

28. IBRD (International Bank for Reconstruction and Development) also known as
b. World Bank

29. Ultimately ………………was replaced by the …………….on 1st Jan 1995

c. GATT, WTO

30. Which is the right sequence of a stage of Internationalization

b. Domestic, International, Multinational, Global, Transnational
31 ……………is the application of knowledge which redefines the boundaries of global business
c. Technology

32 . Capitalistic, communistic and mixed are the types of

a. Economic System

33. Which is not an Indian Multinational Company?

a. Unilever

34. Globalization refers to:

d) A more integrated and interdependent world

35. Select example of Indian Multinational Company

b. Videocon

36. …………………corporation produces in home country or in a single country and focuses on

marketing these products globally or vice a versa.
a. Global

37. —————-company produces, markets, invests and operates across the world
c. Transnational

38. ….. is only a legal agreement and it is not an institution, but ….. is a permanent institution.
a. GATT, WTO

39. The WTO was established to implement the final act of Uruguay Round agreement of ……
b. GATT

40. WTO stands for

c. World trade organization
41. NAFTA stands for
b. North American free trade agreement

42. IPR stands for

a. Intellectual property rights

43. The main promoter of trade liberalization was

a. GATT

44. MNC Stands for

b. Multi-National Corporation

45. _______ is the first step in the internationalization process.

a. License

46. SMEs stand for:

c. Small and Medium-sized Enterprises.

47. The OECD stands for:

a. Organization for Economic Co-operation and Development

Q 48 . ‘Communications Compatibility and Security Agreement (COMCASA)’, recently seen in

news relates to:

1. a) USA
2. b) European Union
3. c) SAARC
4. d) ASEAN

Q 49. With reference to ‘BIMSTEC’, consider the following:

1. It is a regional organization comprising seven Member States lying in the littoral and
adjacent areas of the Bay of Bengal constituting a contiguous regional unity.
2. It constitutes seven Member States: five deriving from South Asia, including Bangladesh,
Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and
Indonesia.
3. Recently its 4th summit was held in Nepal.

Which of the above statements is/are correct?

 1. a) 1 only
2. b) 1 and 3 only
3. c) 1 and 2 only
4. d) All of the above

Q 50. With reference to ‘Financial Action Task Force (FATF)’, which of the following
statements is/are correct?

1. India is not a full member of FATF but it has partial membership status of this organization.
2. All permanent members of the Security Council except China are members of FATF.

Select the correct answer using the codes given below.

1. a) 1 only
2. b) 2 only
3. c) Both 1 and 2
4. d) Neither 1 nor 2

51 What is the merchant fee on digital payments?

a) 0 %
52 Payments Council of India is

a) Quasi government body

53 Which platform is testing payment service in beta mode?

a) WhatsApp
54 Who has issued data localization guidelines in India?

a) RBI
55 WhatsApp user base in India is nearly

a) 400 crores
56. Twitter user base in India is nearly

a) 4 crores
57. IAMAI stands for

a) Internet and Mobile Association of India

58. Libra is a cryptocurrency initiative of

 a) Facebook

59. Who is the Founder of PayTM payments bank?

a) Vijay Shekhar Sharma

60. What was the original name of WeChat messaging service?

a) Weixin
61. When two individuals interact to buy or sell goods and services directly with each other,
without an intermediary third-party, or without the use of a company of business it is called

a) P2P
62. Which company has been asked by US Federal Trade Commission to pay 5 million dollars as
fine for privacy violations?

a) Facebook
63. Vine is a short video sharing service of

a) Twitter

64. GOAL program of girl empowerment stands for

a) Going Online as Leaders

65. Which country has the largest Facebook users in the world?

a) India

66. Under which act, it is mandatory for companies to create a ring-fenced escrow account for
corporate social responsibility expenditure

a) Companies Act 2013

67. Which fund has been created to transfer unused funds of CSR?
a) National CSR Fund

68. What is the full form of CCEA?

a) Cabinet Commission on Economic Affairs

69. What does MICE stand for?
a) Meetings, Incentives, Conferences and Exhibitions

70. What is NTAC?

a) National Tourism Advisory Council

71. From India’s perspective, an Indian visiting USA is example of
a) Inbound Travel
b) Outbound Travel
c) Both Inbound and Outbound
d) None of the above

72. Twitteratti means

a) Twitter users

73. First Bullet Train in India will connect Mumbai with

a) Ahmedabad

74. Hackathon means

a) Collaborative computer programming event

75. NCDEx stands

a) National Commodities and Derivatives Exchange

76. Chandrayan -2 works onRocket Launcher

(a) GSLV Mark III

77. Demand in Indian Auto-industry in 2019

(a) Slowed down

78. Foreign Exchange Reserve of India in July 2019 rose to

(a) 2.25 Billion USD
(b) 2.23 Billion USD
(c) 2.10 Billion USD
(d) 2.50 Billion USD

79. The present Dalai Lama now in India is

(a) 14thDalai lama
80. NRC to control immigration in Assam stands for

(a) National Register of Citizens

81. Highest judicial court International Court of Justice is at

(a) Hague
82. The Vidhan Sabha in Karnataka is known as
(a) Vidhan Soudha

83. NCLP strive for to ensure childrens’

(a) Mainstreaming in formal education

84. The latest Total Fertility Rate (TFR) in India

(a) 2.2

85. US Regulator imposed $ 5 billion penalty for data protection lapses on

(a) Facebook

86. Thomas Kurian of Oracle recently joined

(a) Google Cloud

87. Apollo Hospital after dismal performance in 2017-18 has now

(a) Doubled its net profit

88. To safeguard investors interest, recently enacted IBC stands for

(a) Insolvency & Bankruptcy Code

89. The ancient city Varanasi is often compared with

(a) Kyoto (Japan)

90. Amazon India’s matrimonial site

(a) Jeevansathee

91. Internet users in India estimated to be

(a) 627

92. Number of India’s operational airports

(a) 215
(b) 95
(c) 145
(d) 190
93. The President of Turkey
(a) Recep Tayyip Erdogan

94. NEET for admission in medical courses stands for

(a) National Eligibility cum Entrance Test

 95. Rohinya community belong to

(a) Myanmar

96. Which of the following statement is correct about Budget?

I. It is a statement of financial position for a future period, setting out proposed expenditure and
means of financing it.

II. Article 111 of the Constitution requires the government to present to Parliament a statement
of estimated receipts and expenditure in respect of every financial year.

Select correct one:

A. Only I

B. Only II

C. Both I & II

D. Neither I nor II

97. Select the incorrect phase of budget process in India.

A. Budget formulation: the preparation of estimates of expenditure and receipts for the ensuing
financial year;

B. Budget enactment: approval of the proposed Budget by the Legislature through the enactment
of Finance Bill and Appropriation Bill
C. Budget execution: enforcement of the provisions in the Finance Act and Appropriation Act by
the government—collection of receipts and making disbursements for various services as
approved by the Legislature.

D. Judicial review of budget implementation: audits of government’s financial operations on

behalf of the Legislature.

98. Select the correct component of Components of the Union (Central) Budget of India?

D. Revenue and capital

99. Find out the correct definition of Capital payments?

A. It refers to capital expenditures on construction of capital projects and acquisition of assets
like land, buildings machinery and equipment.

B. It refers to capital revenue collected from the construction of capital projects and acquisition
of assets like land, buildings machinery and equipment.

C. It is the expenditure incurred on the day-to-day running of the Government and its various
departments, and for services that it provides.

D. None of the above

100. Which of the following is not the objective of Indian Budget?

I. To managed and proper distribution of resources

II. To reduce inequalities in income and wealth

III. To achieve social stability

Code:

A. Only I

B. Only II

C. Only III

D. I, II & III