Important Financial(General Knowledge ) Questions and Answers

Question 1.

World Bicycle Day Day is being celebrated on which day?

  1.    June 03
  2.    June 01
  3.    June 04
  4.    June 02
Explanation:-
Answer: Option A. -> June 03
World Bicycle Day is being celebrated globally on June 3rd to encourage the use of bicycles among the people.
Question 2.

Which of the following organisation has introduced the flagship initiative Liberalised MSME AEO Package scheme?

  1.    CBIC
  2.    ONGC
  3.    Niti Aayog
  4.    Ministry of Planning
Explanation:-
Answer: Option A. -> CBIC
The CBIC has introduced the flagship Liberalised Authorised Economic Operator Package for MSMEs.
Question 3.

Government aims to gradually increase the public health expenditure to what percent of Gross Domestic Product by 2025?

  1.    1.5%
  2.    3.5%
  3.    4.5%
  4.    2.5%
Explanation:-
Answer: Option D. -> 2.5%
In a meeting with the 15th Finance Commission the Union Health Minister Harsh Vardhan highlighted that the government aims to gradually increase the public health expenditure to 2.5% of Gross Domestic Product by 2025.
Question 4.

The Finance Minister Nirmala Sitharaman has launched which app?

  1.    Pay Commission Mobile App
  2.    National Budget App
  3.    Union Budget Mobile App
  4.    Budget App
Explanation:-
Answer: Option C. -> Union Budget Mobile App
The Finance Minister Nirmala Sitharaman has launched "Union Budget Mobile App" In which all the information presenting the budget will be available on 1 February 2021.
Question 5.

The State Bank of India allocated how much amount towards the fight against Covid 19?

  1.    Rs.70 cr
  2.    Rs.92 cr
  3.    Rs.71 cr
  4.    Rs.60 cr
Explanation:-
Answer: Option C. -> Rs.71 cr
The country's largest lender SBI announced allocating Rs 71 crore towards the fight against COVID-19.
Question 6. What does CCSP stand for in the context of C-DOT?
  1.    C-DOT Common Service Platform
  2.    C-DOT Composite Service Platform
  3.    C-DOT Commonly Service Platform
  4.    C-DOT Commonality Service Platform
Explanation:-
Answer: Option A. -> C-DOT Common Service Platform




Question 7. As per reports, India received the Foreign Direct Investment (FDI) of what amount between April 2000 and September 2016?
  1.    150 billion US dollar
  2.    300 billion US dollar
  3.    640 billion US dollar
  4.    900 billion US dollar
Explanation:-
Answer: Option C. -> 640 billion US dollar


No Explanation.


Question 8. What amount of financial assistance will be granted to the pregnant women who undergo institutional delivery under Maternity Benefit Scheme as per Budget 2017?
  1.    Rs 2000
  2.    Rs 4000
  3.    Rs 6000
  4.    Rs 8000
Explanation:-
Answer: Option C. -> Rs 6000


No Explanation.


Question 9. The Cabinet Committee on Investments has been set-up to address which of the following___?
  1.    To submit a report on the hurdles creating bottle-necks on the economy
  2.    To boost big ticket investments and untangle red-tapism
  3.    To fast track disinvestment in PSUs
  4.    To attract foreign investment into India to attract foreign investment into India
Explanation:-
Answer: Option B. -> To boost big ticket investments and untangle red-tapism




Question 10. Recently US law makers and businesses have accused both the Indian policy makers as well as Courts stating "India is the international outlier when it comes to protecting intellectual property (IP) rights. Such accusations have been made in reference to which among the following sectors?
  1.    IT and Communications sector
  2.    Pharma sector
  3.    Education sector
  4.    Manufacturing sector
Explanation:-
Answer: Option B. -> Pharma sector




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