PET Junior Associate 2021 General and Financial Awareness Set 4
S.N Question
1 Up to what value of default,
“pre packs” can be used a tool
for insolvency resolution for
MSMEs?
2 ‘Swavalamban Sashakt – Mega
Campaign’ has been launched
by Confederation of Women
Entrepreneurs of India (COWE)
and .............?
ChoiceA Choice B Choice C Choice D Choice E Ans Explanation
Rs.1 lakh Rs.10 lakh Rs. 5 crore Rs. 1 crore Rs. 10 D The Government of India has
crore promulgated an Ordinance that
allows the use of pre-packs as an
insolvency resolution mechanism for
micro, small and medium enterprises
(MSMEs). This is applicable for
defaults upto an amount of Rs. 1
crore. A pre-pack is an agreement for
the resolution of debt of a distressed
MSME through an agreement
between secured creditors and
investors instead of a public bidding
process.
DRDO SIDBI ECGC LIC RBI B Small Industries Development Bank
of India (SIDBI), in partnership with
the Confederation of Women
Entrepreneurs of India (COWE), has
launched the ‘Swavalamban Sashakt
– Mega Campaign’. Loan between
₹10 lakh and ₹1 crore to at
least 1 SC or ST borrower and at least
1 woman borrower is provided per
bank per branch, to set up a
new enterprise.
3 Which organisation regulates a Reserve Bank Ministry of Ministry of Securities Small C A Nidhi company is classified as
Nidhi company in its operational of India Finance Corporate Exchange Board Industries "Mutual Benefit Financial Company"
matters and deployment of Affairs of India Developm by the Reserve Bank of India. It is
funds? ent Bank regulated by the Department of
of India Corporate Affairs for its operational
matters and the deployment of
funds. RBI can issue directions to the
companies on its deposit taking
activities.

4 Which organisation is associated WHO UNICEF WTO FAO CDC C Several countries have approached
with waiving intellectual the World Trade Organization (WTO)
property protection for Covid-19 regarding the waiver of intellectual
vaccines? property (IP) protection for Covid-19
vaccines.
5 National Pension System (NPS) IRDAI PFRDA Finance RBI SEBI B The Pension Fund Regulatory and
is managed by which Ministry Development Authority (PFRDA)
organisation? manages NPS

6 Which Institution has launched
a new risk-based internal audit
(RBIA) system for non-banking
finance companies?
SEBI RBI Ministry of Bombay Stock National B The Reserve Bank of India (RBI) has
Finance Exchange Stock recently launched the risk-based
Exchange internal audit (RBIA) system for
some non-bank lenders and urban co-
operative banks. As per the
notification, all deposit-taking NBFCs
and NBFCs with an asset size of over
Rs 5,000 crore,
and urban co-operatives banks with
assets of over Rs 500 crore will have
to migrate to the new system.
7 ________ reclassified New India Canara Bank, Axis Bank, Canara Bank, Axis Bank, Canara B On April 28, 2021, The board of Axis
Assurance Co Ltd (NIACL) as SEBI SEBI RBI Ministry of Bank, Bank approved the reclassification of
Public Category investor from Corporate Ministry New India Assurance Co Ltd (NIACL)
Promoter as per the regulatory Affairs of from promoter category to public
guidelines of ________. Corporate category investor. NIACL owns 0.67
Affairs per cent of the total issued and paid-
up equity share capital of the Axis
bank.

8 The ‘COVID-19 Economic Piyush Goyal Harsh Nirmala Rajnath Singh Amit Shah C The task force is headed by Finance
Response Task Force’, unveiled Vardhan Sitharaman Minister Nirmala Sitharaman, to
by the Prime Minister of India, is measure the economic impact of the
headed by which Union pandemic and take appropriate steps
minister?

9 Pierre Cardin, who recently United States France Germany Italy Russia B The famous French designer Pierre
passed away, was a famous Cardin, who created an iconic brand
Designer of which country? in his name, recently passed away at
the age of 98.

10 As per CERT-In, what is the
number of cyber security
incidents related to digital
banking, were
reported in 2020?
29, 000 2.9 Lakh 67000 6.7 lakh 54000 B As per the information tracked by
Indian Computer Emergency
Response Team (CERT-In), as many as
2,90,445 cyber security incidents
related to digital banking, were
reported in 2020.
11 What is the name of the
mandatory standard individual
health insurance policy
launched by IRDAI?
12 What is ‘Atman AI’, which was
making news recently?
13 SEBI has banned the
Chairperson and promoters of
which company from the
Securities Market?
Arogya Arogya Arogya Arogya Setu Arogya E The Insurance Regulatory and
Raksha Samriddhi Suraksha Sanjeevan Development Authority of India
i (IRDAI) directed the health and
general insurance companies to offer
a standard individual health
insurance policy. The policy is named
as ‘Arogya Sanjeevani policy’.
Tool to book Tool to Tele-medicine Heath care Tool to B Defence Research and Development
vaccine slots detect Tool Robot treat Organisation (DRDO) and Centre for
Covid-19 Covid-19 Artificial Intelligence and Robotics
(CAIR) have created an artificial
intelligence (AI) algorithm to detect
Covid-19 from chest X-rays.
The diagnostic tool named Atman AI
is used for Chest X-ray screening and
has shown an accuracy rate of 96.73
per cent. It can be used to rapidly
diagnose and effectively treat COVID-
19 patients.
Reliance Future DHFL Lakshmi Vilas None of B Securities Exchange Board of India
Retail Bank these (SEBI) has banned the Future Retail’s
Chairman Kishore Biyani and other
promoters from the securities
market for one year. They have been
charged for indulging in insider
trading in the shares of the company.
14 The Reserve Bank of India (RBI) North East State Bank State Bank of State Bank of State B State Bank of Sikkim was established
has brought which bank covered Small Finance of Sikkim Manipur Assam Bank of in 1968, five years before Sikkim
under Article 371F, under its Bank Meghalay acceded to the Indian Union. The
regulatory purview? a state-owned bank provides treasury
operations for the state government
of Sikkim.Recently, the Reserve Bank
of India has brought the State Bank of
Sikkim under its regulatory purview.
Though the bank will be regulated on
par with other banks, the bank’s
ownership structure will not
change.

15 With reference to recent RBI
Guidelines on KYC, what does
“V” in V-CIP stand for?
VeryImportan Voluntary Vulnerable Video Visual D The Reserve Bank of India (RBI) has
t rationalized the know your customer
(KYC) compliance on May 5th 2021, in
the wake of COVID 19 second wave in
the country.

16 Which bank has partnered with Punjab State Bank Canara Bank ICICI Bank HDFC B India’s largest lender State Bank of
Japan’s JBIC to extend loans to National Bank of India Bank India (SBI) announced that it has
Japanese automobile signed a loan agreement of up to
manufacturers in India? USD 1 billion with Japan Bank for
International Cooperation (JBIC).
17 What is the new upper ceiling
for family pension, as per the
Ministry of Personnel, Public
Grievances and Pensions?
18 Under the Atmanirbhar Bharat’s NABARD
third stimulus package, Rs 3000
crore has been released to
which institution, under IDEAS
scheme?
19 Who has been appointed as
president of Asian Cricket
Council?
20 Who won the Australian Open
2021 women’s title recently?
Rs 50,000 Rs 75,000 Rs 1,00,000 Rs 1,25,000 Rs D Union Minister Jitendra Singh
1,50,000 announced that the upper ceiling has
been raised from Rs 45,000 to Rs
1.25 lakh per month.This increase is
in accordance with the increase of
salary as per the recommendations of
the seventh
pay commission. This step will ensure
that the family members of the
deceased employees get access
to adequate financial security.
SIDBI EXIM SEBI ECGC C Union Finance Minister Nirmala
Sitharaman unveiled the Atmanirbhar
Bharat’s third stimulus package.
Under the package, Rs 3,000 crore is
released to EXIM Bank for promotion
of ‘Project Exports’ through lines of
credits (LoC). This has been released
under Indian Development and
Economic Assistance Scheme (IDEAS)
Scheme.
Ehsan Mani Jay Shah Wasim Khan Nazmul Hassan Rahul B The Board of Control for Cricket in
Sharma India's (BCCI) Secretary Jay Shah was
appointed as the President of the
Asian Cricket Council (ACC) on
30.01.2021.
Naomi Osaka Serena Ashleigh Barty Simona Halep Jennifer A Naomi Osaka defeated Jennifer Brady
Williams Brady in the final, 6–4, 6–3 to win the
Women's Singles tennis title at the
2021 Australian Open.
21 Al-Aqsa Mosque, which was Israel
making news recently, is located
in which country?
22 European Investment Bank has Bank of
entered into a pact with which Baroda
Indian Bank, for climate
focussed equity financing?
23 As per the recent Union Budget, LIC
the Gig economy workers are to
be covered under which
organisation?
Italy Vatican City UAE Palestine A The Al-Aqsa Mosque, located in the
city of Jerusalem, Israel, is the third
holiest site in Islam. The mosque is
said to be built on top of the Temple
Mount.
Punjab State Bank of Small Industries Canara C The European Investment Bank has
National India Development Bank entered into a pact with State Bank
Bank Bank of India of India, for equity financing Indian
small businesses which are focusses
on climate change and sustainability.
The pact has been signed for a value
of Euro 100 million.
The two banks have created a new
fund named “NEEV FUND II” to
implement this pact.
ESIC EPFO PFRDA IRDAI B In the recent Union Budget, the
Finance Minister announced that all
social security benefits will be
extended to gig and platform
workers.
Minimum wages will be ensured to
all categories of workers. All those
workers will also be covered by
the Employees State Insurance
Corporation (ESIC).
24 What is the theme of the ‘World End TB All out Intensive Care Clock is Ticking Eradicate D Every year on 24th March, World
TB Day 2021’? Efforts to for TB TB Tuberculosis Day is observed. The
Eliminate TB theme for World TB day 2021 is
“’Clock is Ticking”, which conveys the
message that word needs to act
urgently to end TB.
Countries across the world including
India have aimed to end TB
completely by 2025.

25 In the ‘Saral Suraksha Bima’ Rs 25 lakhs Rs 50 lakhs Rs 75 lakhs Rs 40 lakhs Rs 1 crore E The insurance regulator IRDAI has
policy proposed by the IRDAI, proposed a standard personal
what is the maximum sum accident cover, named Saral Suraksha
assured? Bima.

26 Which banking company has Goldman JP Morgan Standard Bank of America Wells B JP Morgan has successfully tested the
successfully tested the world’s Sachs Chartered Bank Fargo world’s first blockchain transaction in
first blockchain transaction in space using the satellites
space? of the Danish space firm GomSpace.

27 Which Institution releases the World Bank Asian International United Nations New C “World Economic Outlook” is the
annual flagship report “World Developme Monetary Fund Development Developm annual flagship report released by
Economic Outlook”? nt Bank Program ent Bank the International Monetary Fund
(IMF)
28 What is the name of the Myoxia Hypoxia Hyperoxia Typoxia Mucermy B Hypoxia is a condition in which the
condition in which the human cosis human body is deprived of adequate
body is deprived of adequate oxygen supply at the tissue level. This
oxygen supply at the tissue condition gets repeated in a Covid-19
level? patient due to the virus infection.

29 According to the WHO, which China Pakistan India Indonesia Sri Lanka C According to the World Health
country has the highest number Organization (WHO), India has the
of new Leprosy cases in the highest number of new cases of
world annually? leprosy in the world annually.

30 What is the outlay made for the Rs 5900 Rs 8900 Rs 10900 Rs 15900 crores Rs 25000 C The Union Cabinet has recently
Production-linked incentive (PLI) crores crores crores Crores approved a Production-linked
scheme for the food processing incentive (PLI) scheme for the food
sector recently? processing sector, with an outlay of
Rs 10,900 crore.

31 What does “A” stand for, in “G- Acquisition Awareness Aid Across Assignme A In the first bi monthly monetary
SAP 1.0”, which was seen in the nt policy statement for the year 2021-
news recently? 22, RBI has stated that it would
conduct open market purchase of
government securities amounting
Rs.1 lakh crore, under its G-sec
Acquisition Programme (G-SAP 1.0).
32 What is the expansion of “OPC”, Over the Port One Person On Port On the go Other B As per the Union Budget 2020-21, the
which is seen in the Union Counter Company Company Private Private government would be incentivizing
Budget 2021-22? Company Companie the incorporation of One
s Person Companies (OPC) in order to
boost the ease of doing business.
The Government has reduced the
time limit for Indian citizen to start an
OPC from 182 days to 120 days.
This move allows NRIs to incorporate
OPCs in India.

33 Which tennis player has clinched Roger Rafael Novak Djokovic Andy Murray Daniil B Spanish Tennis veteran Rafael Nadal
the Italian Open tennis Federer Nadal Medvede beat ace player Novak Djokovic to
tournament? v clinch the Italian Open title, for a
record 10th time.

34 Which Asian Director has
become the first Asian woman
to win the Best Directors award
at Academy Awards 2021?
Chloe Zhao Anthony Frances Youn Yuh-jung Daniel A Chinese-born filmmaker Chloe Zhao,
Hopkins McDormand Kaluuya who told the story of financially
stretched van dwellers in the United
States in Nomadland has become the
first Asian woman and only the
second woman ever to win Best
Director at the Academy Awards. The
film Nomadland has also won the
Best Picture award at the Academy
Awards.
35 What is the name of the new Post Pay
digital payment application
launched by India Post
Payments Bank?
36 Which country received a USD Maldives
7.35 mn worth Line of Credit
(LOC) from Export-Import Bank
of India (Exim Bank) in February
2021?
37 What is the name of the Health Pradhan
reserve fund from the proceeds Mantri
of Health and Education Cess? Swasthya
Suraksha
Nidhi
Dak Pay IPPB Pay Dak Digital Post B The Department of Posts and India
Digital Post Payments Bank (IPPB) have
launched a new digital payment
application named ‘DakPay’.
Nicargua Seychelles Honduras Madagasc B On February 26, 2021 The Export-
ar Import Bank of India (Exim Bank), on
behalf of the Government of India,
extended 5 Line of Credit (LOC) with
total value of USD 7.35 million (about
54 crore) to the Government of the
Republic of Nicaragua. These LOCs
cover projects in the Power and
Healthcare sectors in Nicaragua.
Pradhan Pradhan Mantri Pradhan Mantri Pradhan A The Union Cabinet, chaired by the
Mantri Rashtriya Jan Arogya Nidhi Mantri Prime Minister, has approved the
Arogya Swasthya Nidhi Rashtriya Pradhan Mantri Swasthya
Nidhi Suraksha SurakshaNidhi (PMSSN). It is a single
Nidhi non-lapsable Health reserve fund
from the proceeds of Health and
Education Cess levied under Finance
Act, 2007.
38 ‘AIM-PRIME’ programme Promote Promote Promote AI & Develop Support A Atal Innovation Mission (AIM), NITI
launched by the NITI Aayog, is innovation Science- ML in schools healthcare student Aayog has launched AIM-PRIME
associated with which among based start- infrastructure entrepren (Program for Researchers on
objective? students ups eurs Innovations, Market-Readiness &
Entrepreneurship). It aims to
promote and support science-based
start-
ups & ventures across India.

39 The ‘BASIC’ countries have
expressed concern on ‘Carbon
Border Tax’, proposed by which
global association?
G-20 G-7 European OECD OPEC C The Ministers of the BASIC countries-
Union Brazil, South Africa, India and China
have announced that the European
Union’s plan to impose taxes on
carbon at its border are
discriminatory and unfair to
developing nations.
The EU had proposed to impose a
levy on carbon-intensive products
imported into the Union from
countries which do not have a price
on carbon.

40 What is the accuracy of
'National Atomic Timescale',
which was recently launched?
2.8 20.8 2.8 20.8 20.5 A Prime Minister Narendra Modi
nanoseconds nanosecond milliseconds milliseconds millisecon launched the 'National Atomic
s ds Timescale', during the inauguration of
the National Metrology Conclave.
With this move, the Indian Standard
Time is aligned with the International
Standard Time, only by less than 3
nano seconds.
41 Soma Mondal is the new SAIL ONGC PFC BEL GAIL A Soma Mondal has recently taken
Chairperson of which Public charge as the new Chairman of Steel
sector enterprise? Authority of India Limited (SAIL).

42 Consider the following
statements about Monetary
Policy Committee (MPC): 1. It
was established under the
Reserve Bank of India Act, 1934.
2. The Finance Secretary of India
is the chairman of the
committee. 3. The MPC is
responsible for determining the
Inflation Target. Which of the
statements given above is/are
correct?
1 only 1 and 2 only 2 and 3 only 3 only 1 , and 3 E Monetary Policy Committee (MPC)
only has been instituted by the Central
Government of India under Section
45ZB of the RBI Act that was
amended in 1934. The MPC is
entrusted with the responsibility of
deciding the different policy rates
including MSF, Repo Rate, Reverse
Repo Rate, and Liquidity Adjustment
Facility and the main objective of this
body is to maintain the price stability
and boosting up the growth rate of
the country’s economy.

43 Pradhan Mantri Kisan Sampada Ministry of Ministry of Ministry of Ministry of Ministry o A Pradhan Mantri Kisan Sampada
Yojana (PMKSY) is a scheme Food Agriculture Rural Fisheries, f Agricultu Yojana (PMKSY) is a flagship scheme
implemented under which Processing Development Animal re and being implemented by the Ministry of
Union Ministry? Industries Husbandry and Farmers Food Processing Industries.
Dairying Welfare

44 Motera stadium, the world’s Ahmedabad Gandhinaga Surat Vadodara Jamnagar A The world's largest cricket stadium,
biggest cricket stadium, is r Motera stadium situataed at
located in which city? Ahmendabad was rebuilt and
renovated.
45 What is the full form of FEMA? Fixed Entity Foreign Foreign Entity Fixed Exchange None of B Foreign Exchange Management Act
Management Exchange Management Management these
Act Manageme Act Act
nt Act

46 India’s first Centre for Wetland Cochin
Conservation and Management
has been set up in which Indian
city?
Chennai Vishakhapatna Guwahati Hyderaba B India’s first Centre for Wetland
m d Conservation and Management has
been set up in Chennai. It aims to
strengthen research for conservation
and management of the wetlands.

47 Who has been recently
appointed as the CEO of Unique
Identification Authority of India
(UIDAI).?
Rajeev Kumar Rajeev Sanjay Agarwal Saurabh Garg Nandan D Saurabh Garg – a senior bureaucrat
Sinha Nilekani and 1991 batch IAS officer of Odisha
cadre, has been appointed as
the Chief Officer (CEO) of Unique
Identification Authority of India
(UIDAI).

48 A bank mentioned in the Second Co-operative Payment Foreign Bank Scheduled Small D A bank mentioned in the Second
Schedule of the Reserve Bank of Bank Banks operating in Commercial Finance Schedule of the Reserve Bank of India
India Act is known as ? India Bank Bank Act is known as ‘Scheduled
Commercial Bank’.

49 What is the capital city of
Barbados, which recently
received Covid-19 vaccines from
India?
Bridgetown Churchtown Oistins Smalltown Bathsheb A Barbados is an island country located
a in the Caribbean region of North
America. It is an independent British
Commonwealth nation with
Bridgetown as its capital.

50 What is the currency of Iraq? Peso Cedi Dinar Shekel Rial C Dinar is the currency and Baghdad is
the capital of Iraq.