Recent FDI Reforms

1) Which of the following statements is correct with respect to FDI in Aviation Sector?

a) 100% FDI is permitted under automatic route.
b) FDI under automatic route is permitted in greenfield airports only.
c) Both a and b
d) Neither a nor b

2) Which of the following statements is correct with respect to FDI in single brand retail segment?

a) 100% FDI is permitted under this segment of retail.
b) Companies with more than 51% foreign ownership must source 30% of the value of goods in India, preferably from MSME.
c) Both a and b
d) Neither a nor b

3) In which of the following sectors, FDI continues to be prohibited?

i) Lottery and gambling
ii) Atomic energy
iii) Multi brand retail
iv) Real Estate Investment Trusts (REITs)
v) Railway operation

a) All of the above
b) i, ii, iv and v only
c) i, iii, iv and v only
d) i, iii and v only

4) What are the caps and terms for FDI in Pharma sector?

a) 74% FDI is permitted under automatic route in brownfield projects.
b) FDI beyond 74% is permitted through government approval route.
c) Both a and b
d) Neither a nor b

5) Which of the following statements is incorrect with respect to FDI in Indian Defence Sector?

a) 49% FDI is permitted under automatic route.
b) FDI beyond 49% is permitted through government approval route.
c) Technology norms have been relaxed.
d) None of the above.

Answers

1) a, FDI under automatic route is permitted in brownfield airports (where funds are pumped into an existing airport).

2) c, Local sourcing norms have been relaxed for 3 years and a relaxed sourcing regime introduced for 5 years.

3) b

4) c

5) d

FDI in Retail

1) Which of the following statements is correct with respect to FDI in single brand retail segment?

a) 100% FDI is permitted under this segment of retail.
b) Companies with more than 51% foreign ownership must source 30% of the value of goods in India, preferably from MSME.
c) Both a and b
d) Neither a nor b

2) Which of the following exemptions has/have been provided from the domestic sourcing norms with respect to FDI in single brand retail segment?

a)Products having state-of-the-art and cutting-edge technology
b) Where local sourcing is not possible.
c) Both a and b
d) Neither a nor b

Answers

1) c
2) c

Reference : The Hindu

Current Affairs Based Objective Questions

1) The SAARC nations led technical meeting & 4th ministerial meeting of South Asian Initiative to end Violence against Children (SAIEVAC) was held at :

a) Islamabad
b) Kabul
c) New Delhi
d) Dhaka

2) Which of the following initiatives taken by the Government of India for the protection of children has been correctly matched?

a) TrackChild -  the online system of tracking missing children in India 
b) Khoya Paaya - a citizen portal for reporting missing and found children.
c) CHILDLINE 1098- a child helpline number
d) All of the above are correct.

3) Which of the following options is/are the impacts of Climate Change?

i) Alteration in earth's wobble around its polar axis.
ii) Coral bleaching.
iii) Ocean acidification.

a) i, ii and iii
b) ii and iii
c) ii only
d) i and ii only

4) According to the recent study by NASA, the earth's spin around its polar axis is drifting east at the rate of 7inches per year. What reasons have been stated for this phenomenon?

a) Melting of ice in Greenland.
b) Gain of ice mass in eastern Antarctica.
c) Recent dry spell across Eurasia.
d) All of the above

5) Recently, India has signed the protocol amending the Double Taxation Avoidance Agreement (DTAA) with which of the following countries in order to impose capital gains tax on selling or transfer of shares of Indian companies?

a) Singapore
b) Mauritius
c) Malaysia
d) Netherland

6) Arrange the following countries in ascending order of their share in FDI equity inflow to India in last 5 years?

i) Mauritius
ii) Singapore
iii) United Kingdom
iv) Japan
v) UAE

a) i, ii, iii, iv, v
b) ii, i, iii, iv, v
c) i, ii, v, iv, iii
d) ii, i, v, iv, iii

Answers

1) c, Reference : PIB Link
2) d
3) a
4) d
5) b, The tax will be applicable from March 31,2017
6) a

Current Affairs Based Objective Questions

1) Operation 'Spirit of Freedom' is related to which of the following options?

a) Rescue and rehabilitation of animals.
b) Release of Indian fishermen by Sri Lankan authorities.
c) Rehabilitation of Syrian refugees by United Nation (UN).
d) Freedom of trade across LoC.

2) Recently, the Food and Drug Administration, U.S. has made rules to regulate electronic cigarettes. Which of the following statements is correct in context of e-cigarette?

a) It is a battery operated device.
b) It vaporizes liquid that contains nicotine.
c) No combustion is involved in the process.
d) All of the above

3) Which of the following 'city squares' and the country in which they are located is not correctly matched?

a) Tahrir Square - Cairo,Egypt
b) Tiananmen Square - Beijing, China
c) Azadi Square -  Pakistan
d) Firdos Square - Baghdad, Iraq

4) Which of the following states is set to become India's first state to make all its urban areas 'Open Defecation Free' by October 2016?

a) Kerala
b) Gujarat
c) Andhra Pradesh
d) Haryana

5) Which of the following countries has replaced China as the top Foreign Direct Investment (FDI) destination as per the latest FDI Intelligence Report?

a) U.S.
b) Mauritius
c) Singapore
d) India

6) Which of the following will be the India's first online interactive heritage portal?

a) Saarthi
b) Sahapedia
c) Dharohar
d) None of the above

7) ' Twitter Seva' is related to which of the following schemes of Government of India?

a) Start Up India, Stand Up India
b) PAHAL
c) Jan Dhan Yojana
d) Namami Ganga

Answers:

1) a, Under this operation, Animal Defenders International (ADI) organized the rescue of 33 lions and some other animals from circuses in Peru and Columbia and airlifted them to Emoya Big Cat Sanctuary in South Africa.
2) d
3) c, Azadi Square is located in Tehran.
4) c
5) d
6) b
7) a