Current Affairs 2024 - Part 6 (50 Questions)

1

Question 1 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:

24% 15% 26% 20%

2

Question 2 of 50

Marks 2.0 Negative 0.25

Business reforms contribute to employment primarily by:

Discouraging investment Reducing manufacturing Encouraging enterprise growth Increasing import dependence

3

Question 3 of 50

Marks 2.0 Negative 0.25

Which sector benefits the most from simplified regulatory approvals?

Services Manufacturing MSMEs All of the above

4

Question 4 of 50

Marks 2.0 Negative 0.25

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

2023 2026 2024 2025

5

Question 5 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% 10% to 15% 2% to 5% 5% to 10%

6

Question 6 of 50

Marks 2.0 Negative 0.25

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

2025 2026 2024 2023

7

Question 7 of 50

Marks 2.0 Negative 0.25

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

Policy stability Regulatory simplification All of the above Digital governance

8

Question 8 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 Automatic government equity investment Simplified compliance procedures Tax incentives

9

Question 9 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A total of how many RBI circulars are being repealed under the simplification exercise?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 9,446 7,446

10

Question 10 of 50

Marks 2.0 Negative 0.25

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

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

11

Question 11 of 50

Marks 2.0 Negative 0.25

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

238 338 138 188

12

Question 12 of 50

Marks 2.0 Negative 0.25

Startup India was launched primarily to:

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

13

Question 13 of 50

Marks 2.0 Negative 0.25

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

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

14

Question 14 of 50

Marks 2.0 Negative 0.25

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

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

15

Question 15 of 50

Marks 2.0 Negative 0.25

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

High compliance burden Frequent policy changes Stable regulatory environment Complicated approvals

16

Question 16 of 50

Marks 2.0 Negative 0.25

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

Reducing transparency Improving investor confidence Increasing compliance burden Reducing exports

17

Question 17 of 50

Marks 2.0 Negative 0.25

Business reforms mainly aim to encourage:

Employment generation Entrepreneurship Innovation All of the above

18

Question 18 of 50

Marks 2.0 Negative 0.25

How many RBI circulars have been consolidated into Master Circulars?

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

19

Question 19 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 ₹5 lakh crore ₹3.2 lakh crore ₹4.5 lakh crore

20

Question 20 of 50

Marks 2.0 Negative 0.25

Which is a direct benefit of simplified compliance procedures?

Higher compliance costs Reduced compliance burden Reduced entrepreneurship Longer approval timelines

21

Question 21 of 50

Marks 2.0 Negative 0.25

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

Ministry of Finance IRDAI NABARD Reserve Bank of India

22

Question 22 of 50

Marks 2.0 Negative 0.25

The insurance sector FDI limit has been increased to:

74% 100% 49% 90%

23

Question 23 of 50

Marks 2.0 Negative 0.25

Which feature is essential for a competitive business ecosystem?

Frequent policy uncertainty Complex procedures High compliance costs Transparent regulations

24

Question 24 of 50

Marks 2.0 Negative 0.25

Which statement best summarizes India's business reform strategy?

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

25

Question 25 of 50

Marks 2.0 Negative 0.25

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

Paper records Digital platforms Offline licensing Manual verification

26

Question 26 of 50

Marks 2.0 Negative 0.25

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

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

27

Question 27 of 50

Marks 2.0 Negative 0.25

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

Two years Five years One year Three years

28

Question 28 of 50

Marks 2.0 Negative 0.25

A predictable policy environment mainly helps:

Reduce exports Increase inflation Improve investor confidence Increase uncertainty

29

Question 29 of 50

Marks 2.0 Negative 0.25

Business reforms ultimately aim to strengthen India's:

All of the above Investment climate Economic competitiveness Manufacturing ecosystem

30

Question 30 of 50

Marks 2.0 Negative 0.25

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

Blockchain technology Quantum computing Artificial Intelligence and advanced imaging Satellite communication

31

Question 31 of 50

Marks 2.0 Negative 0.25

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

Economic resilience Investment attractiveness All of the above Business competitiveness

32

Question 32 of 50

Marks 2.0 Negative 0.25

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

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

33

Question 33 of 50

Marks 2.0 Negative 0.25

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

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

34

Question 34 of 50

Marks 2.0 Negative 0.25

Which type of governance has significantly reduced paperwork for businesses?

Manual governance Digital governance Paper-based administration Offline approvals

35

Question 35 of 50

Marks 2.0 Negative 0.25

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

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

36

Question 36 of 50

Marks 2.0 Negative 0.25

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

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

37

Question 37 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 ₹10,000 crore ₹20,000 crore

38

Question 38 of 50

Marks 2.0 Negative 0.25

Which principle best reflects India's business reform strategy?

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

39

Question 39 of 50

Marks 2.0 Negative 0.25

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

Predictability Digital service delivery Transparency Excessive procedural delays

40

Question 40 of 50

Marks 2.0 Negative 0.25

India's reform approach focuses on balancing:

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

41

Question 41 of 50

Marks 2.0 Negative 0.25

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

SIDBI EXIM Bank NABARD SEBI

42

Question 42 of 50

Marks 2.0 Negative 0.25

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

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

43

Question 43 of 50

Marks 2.0 Negative 0.25

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

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

44

Question 44 of 50

Marks 2.0 Negative 0.25

One of the major outcomes of business reforms has been:

Reduced digital adoption Higher transaction costs Lower industrial productivity Greater transparency

45

Question 45 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 Every imported container at airports only Only hazardous cargo Every export consignment only

46

Question 46 of 50

Marks 2.0 Negative 0.25

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

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

47

Question 47 of 50

Marks 2.0 Negative 0.25

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

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

48

Question 48 of 50

Marks 2.0 Negative 0.25

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

PM Gati Shakti PM Vishwakarma Startup India Trade and Investment Facilitation

49

Question 49 of 50

Marks 2.0 Negative 0.25

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

1.25 lakh Over 3 lakh Over 2.16 lakh 1.75 lakh

50

Question 50 of 50

Marks 2.0 Negative 0.25

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

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

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