Current Affairs Questions

National Project (NP) Status

Recently, which of the following irrigation projects was denied inclusion under the National Project (NP) status in the absence of investment clearance?

Zero Coupon Bond

Which of the following statement(s) is/are incorrect about Zero Coupon Bond:

1. It is a debt security that does not pay interest.
2. The difference between a regular bond and a zero-coupon bond is the payment of interest, otherwise known as coupons.
3. Zero-coupon bondholders do not receive the face value of the bond when it reaches maturity.

Choose the correct answer from the codes given below:

Landlord Port

Recently, which of the following became the first major port in India to become a 100% Landlord Port having all berths being operated on PPP model?

Surety Bonds

Which of the following statement(s) is /are correct about Surety Bonds:

1. A surety bond is a promise to be liable for the debt, default, or failure of another.
2. Surety bonds that are written for construction projects are called contract surety bonds.
3. Commercial surety bonds cover a very broad range of surety bonds that guarantee performance by the principal of the obligation or undertaking described in the bond.

Choose the correct statement(s) from the options below:

Miscellaneous

Consider the given statements:

1. A windfall tax is a one-off tax levied on an unforeseen or unexpectedly large profit, especially unfairly obtained by any company.
2. Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across sectors due to the discovery of natural resources, especially large oil reserves.

Choose the correct statement(s) from the options below:

Banks Board Bureau

Consider the following statements with reference to the Banks Board Bureau (BBB):

1. It was set up in February 2016 as an autonomous body, based on the recommendations of the RBI-appointed Nayak Committee.
2. It was part of the Indradhanush Plan.

Choose the correct statement(s) from the options below:

Real Estate Investment Trusts

Consider the following statements in context to the Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs):

1. InvITs invest in infrastructure projects such as roads or highways.
2. REITs are an investment vehicle that owns and manages investment grade and income-producing real estate properties such as offices, malls, industrial parks, warehouses, hospitality and healthcare centres.
3. While InvITs can be publicy listed, private listed or private unlisted, REITs must be publicly listed.

Which of the above statement(s) is/are correct?

Reserve Bank Of India

Which of the following committee has been constituted by the Reserve Bank of India to evaluate the efficacy, adequacy and quality of customer service in regulated entities (REs) vis-a-vis the existing RBI guidelines on customer service?

Coal Gasification And Coal Liquefaction

With reference to the Coal Gasification and Coal Liquefaction, consider the following statements:

1. Coal Gasification is a process in which coal is partially oxidised with air, oxygen, steam or carbon dioxide to form a fuel gas.
2. Coal Gasification produces Syngas which is a mixture consisting primarily of methane (CH4), carbon monoxide (CO), hydrogen (H2), carbon dioxide (CO2) and water vapour (H2O).
3. Coal Liquefaction is an alternative route to produce diesel and gasoline and makes economic sense only in a world of high crude oil prices.
4. Coal Liquefaction involves gasification of coal, which in turn will produce synthetic gas (a mix of CO+H2). The synthetic gas can be liquefied to its fuel equivalent in presence of cobalt/iron-based catalysts at higher pressure and temperature.

Which of the statements given above is/are correct?

Marginal Cost Of Funds Based Lending Rates (MCLR)

Consider the following statements with reference to the Marginal Cost of Funds based Lending Rates (MCLR):

1. MCLR, which came into effect from April 1, 2016, is the minimum rate below which banks are not permitted to lend.
2. MCLR is calculated on the basis of Cash Reserve Ratio, marginal cost of funds, tenor premiums and operational cost of the bank.
3. If the cost of funds goes up, the MCLR increases, and the loans linked to any MCLR tenor get more expensive.

Which of the statements given above is/are correct?