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Daily Current Affairs Questions: 18 March 2021

Question 1.What is a Universal Bank?

(a) A bank which has global reach

(b) A bank which provides every kind of services

(c)  A bank which provides  wholesale banking, retail banking and investment banking

(d) A bank which provides credit to the government only globally.

 

Question 2.Which of the following statements is/are correct with respect to the Development Finance Institutions?

  1. They provide a guarantee to banks on behalf of companies .
  2. DFIs do not accept deposits from people.
  3. They raise funds by borrowing funds from governments and by selling their bonds to the general public.

(a)  1& 2

(b) 2 & 3

(c) 1 & 3

(d) All

 

Question 3.The first Economic Survey in India was presented in the year-

(a) 1950-51

(b) 1951-52

(c)  1952-53

(d)  1953-54

 

Question 4.Regarding the Bare Necessities Index, find the correct statement

  1. The economic survey has come up with bare necessities index at rural and urban levels.
  2. It is based on 28 indicators and 4 dimensions.

(a) only 1

(b)  only 2

(c)  Both 1 & 2

(d)  None

 

Question 5What kind of economic recovery is India having as per the Economic Survey 2020-21?

  • U shaped
  • V-shaped
  • K shaped
  • Horizontal

 

Click here to see answers and Explanation

 

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