Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
6. 

What is the new reverse repo rate according to the Bi-monthly Monetary Policy Report?

A. 5.20%
B. 4.40%
C. 4.00%
D. 4.65%

Answer: Option C

Explanation:

In view of the COVID-19 pandemic, the Reserve Bank of India's Monetary Policy Committee (MPC) decided to advance the Bi-monthly Monetary Policy meet which was scheduled to be held on 31st March 2020 and the announcement was meant to be made on 3rd April. The key decisions are: The repo rate under the liquidity adjustment facility (LAF) has been reduced by 75 basis points to 4.40%. The reverse repo rate under the LAF has been reduced by 90 basis to 4.00%. The marginal standing facility (MSF) rate and the Bank Rate have been reduced to 4.65%.

7. 

Which of the following will replace Yes Bank in the benchmark index Nifty 50 from March 27?

A. Ultratech Cement
B. Jk Cement
C. Shree Cement
D. Ambuja Cements

Answer: Option C

Explanation:

Shree Cement to replace YES Bank in Nifty50 from Mar 27; surges 6% Shares of Shree Cement surged 6 per cent to Rs 25,199.9 on the National Stock Exchange (NSE) on February 19 after the exchange announced its inclusion in the benchmark Nifty50 index with effect from March 27, 2020.

8. 

Which market regulator has signed a bilateral memorandum of understanding (MoU) with Kazakhstan-based Astana Financial Services Authority (AFSA) for mutual co-operation and technical assistance?

A. RBI
B. EXIM
C. SEBI
D. NABARD

Answer: Option C

Explanation:

Markets regulator SEBI (Securities and Exchange Board of India) has signed a bilateral memorandum of understanding (MoU) with Kazakhstan-based Astana Financial Services Authority (AFSA) for mutual co-operation and technical assistance. The MoU was signed by SEBI Chairman Ajay Tyagi and the acting chief executive officer (CEO) of AFSA Mukhtar Bubeyev.

9. 

Operation twist is a move of which bank to buy and sell government securities?

A. RBI
B. SBI
C. HDFC
D. BoB

Answer: Option A

Explanation:

On December 23, 2019, the Reserve Bank of India will buy and sell government securities of Rs 10,000 crores under a special Open Market Operation. Such moves are implemented by the federal bank in order to bring down the interest rates of long-term securities. This time RBI has named its move as "Operation Twist".

10. 

Which bank became the third company in India to achieve $100 billion market capitalization?

A. RBI
B. ICICI
C. HDFC
D. BoB

Answer: Option C

Explanation:

HDFC Bank Ltd has crossed the $100 billion market capitalization (M-Cap) in intraday trading, thus becoming only the third company in India to achieve this milestone. However, it closed below $100 billion mark at $99.5 billion. HDFC is one of India's largest private-sector lenders.