Current Affairs 2024 - Part 6 (50 Questions)

1

Question 1 of 50

Marks 2.0 Negative 0.25

The Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Act was enacted in:

2026 2025 2024 2023

2

Question 2 of 50

Marks 2.0 Negative 0.25

Which principle best reflects India's business reform strategy?

Import substitution alone Maximum regulation Minimum government, maximum governance Complete privatization

3

Question 3 of 50

Marks 2.0 Negative 0.25

RBI identified __ circulars as obsolete during its regulatory simplification exercise.

4,673 6,173 5,173 5,673

4

Question 4 of 50

Marks 2.0 Negative 0.25

India's reform approach focuses on balancing:

Innovation and regulation Growth and governance Investment and transparency All of the above

5

Question 5 of 50

Marks 2.0 Negative 0.25

Which statement best summarizes India's business reform strategy?

Restrict private investment. Discourage foreign investment. Promote transparent, technology-driven and investment-friendly governance. Increase regulations for all businesses.

6

Question 6 of 50

Marks 2.0 Negative 0.25

RBI has consolidated more than __ circulars and guidelines into Master Directions.

9,000 7,000 5,000 12,000

7

Question 7 of 50

Marks 2.0 Negative 0.25

Which of the following is most likely to attract Foreign Direct Investment (FDI)?

High compliance burden Stable regulatory environment Complicated approvals Frequent policy changes

8

Question 8 of 50

Marks 2.0 Negative 0.25

Which factor has been identified as a major driver of India's improved business ecosystem?

All of the above Digital governance Policy stability Regulatory simplification

9

Question 9 of 50

Marks 2.0 Negative 0.25

The Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) provides credit support up to:

₹15 crore ₹10 crore ₹5 crore ₹20 crore

10

Question 10 of 50

Marks 2.0 Negative 0.25

The Credit Guarantee Scheme for Exporters (CGSE) provides additional collateral-free credit support of up to:

₹5,000 crore ₹15,000 crore ₹20,000 crore ₹10,000 crore

11

Question 11 of 50

Marks 2.0 Negative 0.25

RBI simplified instructions for Regional Rural Banks and Cooperative Banks in coordination with:

SEBI SIDBI NABARD EXIM Bank

12

Question 12 of 50

Marks 2.0 Negative 0.25

The primary objective of business environment reforms in India has been to:

Promote ease of doing business and investment Restrict private sector participation Increase import dependence Reduce industrial production

13

Question 13 of 50

Marks 2.0 Negative 0.25

Which sector benefits the most from simplified regulatory approvals?

Manufacturing All of the above MSMEs Services

14

Question 14 of 50

Marks 2.0 Negative 0.25

Which reform contributes most to reducing physical interaction between businesses and government?

Manual verification Digital platforms Paper records Offline licensing

15

Question 15 of 50

Marks 2.0 Negative 0.25

Business reforms mainly aim to encourage:

Innovation All of the above Entrepreneurship Employment generation

16

Question 16 of 50

Marks 2.0 Negative 0.25

Regulatory reforms aimed at enhancing Ease of Doing Business have focused on:

Trust-based governance All of the above Capacity-building Regulatory coherence

17

Question 17 of 50

Marks 2.0 Negative 0.25

Policy reforms are expected to improve India's position in:

All of the above Investment attractiveness Economic resilience Business competitiveness

18

Question 18 of 50

Marks 2.0 Negative 0.25

Under the phased customs modernisation plan, the Government aims to scan:

Every container across all major ports Only hazardous cargo Every export consignment only Every imported container at airports only

19

Question 19 of 50

Marks 2.0 Negative 0.25

During the same period, loans sanctioned under CAM amounted to more than:

₹31.5 thousand crore ₹51.5 thousand crore ₹41.5 thousand crore ₹21.5 thousand crore

20

Question 20 of 50

Marks 2.0 Negative 0.25

Startup India was launched primarily to:

Privatise public sector enterprises Increase customs duty Increase import substitution Build a robust startup ecosystem promoting innovation and employment

21

Question 21 of 50

Marks 2.0 Negative 0.25

Between 1 April and 30 November 2025, MSME loan applications processed under CAM exceeded:

₹2 lakh crore ₹3.2 lakh crore ₹5 lakh crore ₹4.5 lakh crore

22

Question 22 of 50

Marks 2.0 Negative 0.25

Under the Startup India initiative, startup recognition is granted by which department?

Department for Promotion of Industry and Internal Trade (DPIIT) Department of Revenue Ministry of MSME NITI Aayog

23

Question 23 of 50

Marks 2.0 Negative 0.25

Under the revised framework, the maximum guarantee coverage under CGTMSE has been enhanced to:

₹25 crore ₹10 crore ₹15 crore ₹20 crore

24

Question 24 of 50

Marks 2.0 Negative 0.25

Under the Portfolio Investment Scheme (PIS), the investment limit for an individual Person Resident Outside India (PROI) has been proposed to increase from:

15% to 20% 5% to 10% 2% to 5% 10% to 15%

25

Question 25 of 50

Marks 2.0 Negative 0.25

Under the new customs system, goods without compliance requirements will be cleared:

After Cabinet approval After seven working days Immediately after online registration and duty payment After physical inspection

26

Question 26 of 50

Marks 2.0 Negative 0.25

RBI consolidated its regulatory framework into how many function-specific Master Directions?

188 138 238 338

27

Question 27 of 50

Marks 2.0 Negative 0.25

Which of the following is NOT a benefit available to DPIIT-recognised startups?

Fast-tracked Intellectual Property Rights (IPR) processing Tax incentives Automatic government equity investment Simplified compliance procedures

28

Question 28 of 50

Marks 2.0 Negative 0.25

The Net Owned Fund requirement for foreign reinsurers has been reduced from:

₹6,000 crore to ₹2,000 crore ₹5,000 crore to ₹1,000 crore ₹3,000 crore to ₹1,000 crore ₹4,000 crore to ₹2,000 crore

29

Question 29 of 50

Marks 2.0 Negative 0.25

Which category of enterprises has received special attention in India's reform agenda?

Only multinational corporations Only large industries Only public sector undertakings MSMEs and startups

30

Question 30 of 50

Marks 2.0 Negative 0.25

Which of the following is a major objective of regulatory reforms?

Improving investor confidence Reducing transparency Reducing exports Increasing compliance burden

31

Question 31 of 50

Marks 2.0 Negative 0.25

Which initiative provides a single interconnected digital window for cargo clearance approvals?

Startup India PM Gati Shakti Trade and Investment Facilitation PM Vishwakarma

32

Question 32 of 50

Marks 2.0 Negative 0.25

A predictable policy environment mainly helps:

Improve investor confidence Reduce exports Increase inflation Increase uncertainty

33

Question 33 of 50

Marks 2.0 Negative 0.25

Which is a direct benefit of simplified compliance procedures?

Reduced entrepreneurship Longer approval timelines Higher compliance costs Reduced compliance burden

34

Question 34 of 50

Marks 2.0 Negative 0.25

SEBI aligned the guidelines for issuance and listing of securitised debt instruments with the norms of:

NABARD IRDAI Reserve Bank of India Ministry of Finance

35

Question 35 of 50

Marks 2.0 Negative 0.25

The expanded use of non-intrusive scanning in customs will primarily rely on:

Satellite communication Blockchain technology Artificial Intelligence and advanced imaging Quantum computing

36

Question 36 of 50

Marks 2.0 Negative 0.25

The insurance sector FDI limit has been increased to:

100% 49% 90% 74%

37

Question 37 of 50

Marks 2.0 Negative 0.25

Which feature is essential for a competitive business ecosystem?

High compliance costs Frequent policy uncertainty Transparent regulations Complex procedures

38

Question 38 of 50

Marks 2.0 Negative 0.25

A total of how many RBI circulars are being repealed under the simplification exercise?

10,446 8,446 7,446 9,446

39

Question 39 of 50

Marks 2.0 Negative 0.25

One of the major outcomes of business reforms has been:

Reduced digital adoption Greater transparency Higher transaction costs Lower industrial productivity

40

Question 40 of 50

Marks 2.0 Negative 0.25

The Credit Assessment Model (CAM) for MSMEs was launched in:

2024 2026 2023 2025

41

Question 41 of 50

Marks 2.0 Negative 0.25

Which type of governance has significantly reduced paperwork for businesses?

Manual governance Offline approvals Paper-based administration Digital governance

42

Question 42 of 50

Marks 2.0 Negative 0.25

The overall investment limit for Individual Persons Resident Outside India (PROIs) under the PIS has been proposed to increase to:

26% 24% 15% 20%

43

Question 43 of 50

Marks 2.0 Negative 0.25

Business reforms ultimately aim to strengthen India's:

All of the above Manufacturing ecosystem Economic competitiveness Investment climate

44

Question 44 of 50

Marks 2.0 Negative 0.25

How many RBI circulars have been consolidated into Master Circulars?

4,809 5,809 2,809 3,809

45

Question 45 of 50

Marks 2.0 Negative 0.25

Business reforms contribute to employment primarily by:

Reducing manufacturing Encouraging enterprise growth Increasing import dependence Discouraging investment

46

Question 46 of 50

Marks 2.0 Negative 0.25

The Customs Integrated System (CIS) is proposed to be rolled out within:

One year Two years Three years Five years

47

Question 47 of 50

Marks 2.0 Negative 0.25

Which among the following is NOT a characteristic of an efficient business environment?

Digital service delivery Transparency Predictability Excessive procedural delays

48

Question 48 of 50

Marks 2.0 Negative 0.25

The IRDAI approval threshold for share transfers has been increased from:

5% to 10% 1% to 5% 15% to 20% 10% to 15%

49

Question 49 of 50

Marks 2.0 Negative 0.25

As of February 2026, India had approximately how many DPIIT-recognised startups?

Over 3 lakh Over 2.16 lakh 1.75 lakh 1.25 lakh

50

Question 50 of 50

Marks 2.0 Negative 0.25

The Credit Assessment Model (CAM) introduced by Public Sector Banks is mainly based on:

Credit card transactions only Manual field inspections Income tax raids Digital footprints of MSMEs

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