Daily Current Affairs Answer & Explanation : 18 March 2021

Question 1.

Answer- c

Explanation:

• A universal bankis a bank that combines the three main services of banking under one roof.
• The three services are wholesalebanking, retail banking, and investment banking.

 

Question 2.

Answer- d

Explanation:

• The prime objective of DFI is the economic development of the country
• These banks provide financial as well as the technical support to various sectors
• DFIs do not accept deposits from people
• They raise funds by borrowing funds from governments and by selling their bonds to the general public
• It also provides a guarantee to banks on behalf of companies and subscriptions to shares, debentures, etc.

  

Question 3.

Answer- a

Explanation:

• The first Economic Survey in India was presented in the year 1950-51.
• Up to 1964, it was presented along with the Union Budget.
• From 1964 onwards, it has been delinked from the Budget.

 

Question 4.

 Answer- a

 Explanation :

• The Economic Survey 2020-21 has constructed a Bare Necessities Index at rural, urban & all India level, with 26 indicators on 5 dimensions- sanitation, water, housing, micro-environment and many other facilities.

 

Question 5

Answer-b

Explanation:

• The cover of the Economic Survey 2020-21 shows a v-shaped recovery that has happened in the Indian economy during the last year.