Current Affairs For (4 February, 2022)

1. As per CRISIL rating agency, what is the estimated GDP growth rate projection of India for the fiscal 2021-22?

Correct! Wrong!

Answers With Explanation : (B) Domestic rating agency CRISIL has estimated FY23 real GDP growth at 7.8 per cent as compared with the 8.5 per cent projected in the Economic Survey. Estimating the growth to slow to 7.8 per cent in FY23 from the 9.2 per cent in FY22.

2. What is the global rank of the Life Insurance Corporation (LIC) in the Brand Finance most valuable insurance brand in 2022?

Correct! Wrong!

Answers With Explanation : (C) As per a brand valuation report released by Brand Finance, Life Insurance Corporation has been ranked at 10th in the list of insurance brands globally.

3. Torgya Festival of the Monpa tribal community is celebrated in which of the following state?

Correct! Wrong!

Answers With Explanation : (A) The three days long Torgya Festival of the Monpa tribal community of Arunachal Pradesh celebrated at Tawang Monastery, Arunachal Pradesh.

4. A Global Center of Excellence in Affordable and Clean Energy has been launched at which of the following IIT?

Correct! Wrong!

Answers With Explanation : (B) A Global Center of Excellence in Affordable and Clean Energy has been launched at the IIT Dharwad, Karnataka.

5. THE JET ZeroEmission announced the launch of the World’s first hydrogen powered flying boat ‘THE JET’ in _________.

Correct! Wrong!

Answers With Explanation : (D) THE JET ZeroEmission announced the launch of the World’s first hydrogen powered flying boat ‘THE JET’ in Dubai, United Arab Emirates.

6. According to National Statistical Office (NSO)’s for the financial year 2020-21, Indian economy has contracted by _______________ in 2020-21.

Correct! Wrong!

Answers With Explanation : (B) NSO First Revised GDP estimates FY21: Indian economy contracts by 6.6% in 2020-21.

7. The government is setting up the National Land Monetisation Corporation (NLMC). Initial authorized share capital of NLMC will be _____________ crores.

Correct! Wrong!

Answers With Explanation : (D) Initial authorized share capital of NLMC will be ?5000 crores and subscribed share capital of Rs 150 crores.

8. In the Phase I, Banks will transfer 15 NPA accounts (stressed assets) worth ________________ to National Asset Reconstruction Company Ltd (NARCL) in FY22.

Correct! Wrong!

Answers With Explanation : (D) Banks will transfer 15 NPA accounts worth Rs 50,000 crores to NARCL in FY22.

9. Vedanta Ltd has tied up a facility of Rs 8,000 crores (replacement facility) with which Bank?

Correct! Wrong!

Answers With Explanation : (C) Vedanta Ltd has tied up a facility of Rs 8,000 crores (replacement facility) with Union Bank of India at 7.75% to take over majority of the syndicated facility after discussions with lenders.

10. Who is the author of India’s 1st-ever season style book titled ‘The Class of 2006: Sneak Peek into the Misadventures of the Great Indian Engineering Life’?

Correct! Wrong!

Answers With Explanation : (D) India’s 1st-ever season style book titled ‘The Class of 2006: Sneak Peek into the Misadventures of the Great Indian Engineering Life’, written by Akash Kansal.

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