24 MCQ on daily current affairs for social work students (13th December 2023)
Moody's Affirms Reliance Industries' Baa2 Credit Rating, Maintains Stable Outlook
1. What is the rating assigned by Moody's Investors Service to Reliance Industries Limited (RIL)? a. Aaa b. Baa2 c. Aa1 d. Ba1
Answer: b. Baa2
2. What is Moody's projection for RIL's consolidated EBITDA growth for the fiscal year ending March 31, 2024? a. 10% increase b. 14% increase c. 20% increase d. 27% increase
Answer: b. 14% increase
3. Which business sectors are expected to drive RIL's consolidated EBITDA growth according to Moody's? a. Manufacturing and construction b. Digital services, retail, and upstream oil and gas c. Agriculture and healthcare d. Technology and entertainment
Answer: b. Digital services, retail, and upstream oil and gas
4. What is the anticipated annual EBITDA growth for Reliance Jio's digital services segment over the next two years, according to Moody's? a. 5%-10% b. 10%-15% c. 15%-20% d. 20%-25%
Answer: c. 15%-20%
5. Why is the earnings from RIL's oil-to-chemicals segment expected to remain flat in fiscal 2024? a. Strong demand in the petrochemical industry b. Normalizing refining margins and subdued petrochemical spreads c. Robust growth in the retail sector d. Introduction of 5G services
Answer: b. Normalizing refining margins and subdued petrochemical spreads
6. What is Moody's expectation for RIL's leverage (adjusted net debt/EBITDA) over the next 12-18 months? a. 1.0x-1.2x b. 1.5x-1.6x c. 2.0x-2.2x d. 2.5x-2.8x
Answer: b. 1.5x-1.6x
7. Why is RIL's rating capped at no more than one notch above India's sovereign rating, according to Moody's? a. Weak credit metrics b. Exposure to global markets c. Increasing exposure to the domestic economy through consumer businesses d. Lack of diversified business segments
Answer: c. Increasing exposure to the domestic economy through consumer businesses
8. What does the stable outlook on RIL's ratings mirror, according to Moody's? a. Global economic conditions b. RIL's historical performance c. Indian sovereign rating's stable outlook d. Moody's financial projections
Answer: c. Indian sovereign rating's stable outlook
RBI Authorizes Bandhan Bank to Disburse Pensions to Retired Railway Employees
1. What recent authorization has Bandhan Bank received from the Reserve Bank of India (RBI)?
- a. Authorization to issue credit cards
- b. Authorization to facilitate pension disbursement through e-Pension Payment Orders (e-PPOs)
- c. Authorization to operate as a foreign bank
- d. Authorization to open international branches
Answer: b. Authorization to facilitate pension disbursement through e-Pension Payment Orders (e-PPOs)
2. Which government ministry is Bandhan Bank authorized to work with for pension disbursement?
- a. Ministry of Finance
- b. Ministry of Health
- c. Ministry of Railways
- d. Ministry of Education
Answer: c. Ministry of Railways
3. How many average Indian Railways retirees does Bandhan Bank aim to serve annually with its newfound authorization?
- a. Approximately 10,000
- b. Approximately 25,000
- c. Approximately 50,000
- d. Approximately 75,000
Answer: c. Approximately 50,000
4. What is the scope of Bandhan Bank's newfound authorization in terms of the Indian Railways workforce?
- a. Limited to a specific zone
- b. Covers all retired employees nationwide
- c. Restricted to production units only
- d. Applicable to new employees only
Answer: b. Covers all retired employees nationwide
5. Besides pension disbursement, what additional benefits does the authorization provide to Bandhan Bank's customers?
- a. Discounted travel packages
- b. Access to world-class healthcare services
- c. Competitive interest rates and senior citizen privileges
- d. Free insurance coverage
Answer: c. Competitive interest rates and senior citizen privileges
6. How many branches does Bandhan Bank have, as mentioned in the article?
- a. More than 1000 branches
- b. More than 1500 branches
- c. More than 1640 branches
- d. More than 2000 branches
Answer: c. More than 1640 branches
7. According to Debraj Saha, Head of Government Business at Bandhan Bank, what opportunities does the authorization provide for the bank?
- a. Opportunities for international expansion
- b. Opportunities to launch new products for youth
- c. Opportunities to serve retired railway employees with the best products and services
- d. Opportunities to collaborate with other banks
Answer: c. Opportunities to serve retired railway employees with the best products and services
8. Why is Indian Railways a key focus for Bandhan Bank's initiative, as mentioned in the context?
- a. Due to its focus on environmental sustainability
- b. Due to its large workforce and commitment to financial services for retirees
- c. Due to its recent technological advancements
- d. Due to its emphasis on international collaborations
Answer: b. Due to its large workforce and commitment to financial services for retirees
COP28 Makes History: Global Agreement to Transition Away from Fossil Fuels
1. What is the "UAE Consensus," and why is it considered a historic step in addressing the climate crisis?
- a. It is an agreement on financial commitments
- b. It is a groundbreaking decision to confront fossil fuels
- c. It is a resolution on climate justice principles
- d. It is an initiative for global temperature reduction
Answer: b. It is a groundbreaking decision to confront fossil fuels
2. Who was appointed as the COP28 President, and why did this appointment raise concerns among some participants?
- a. Sultan Al Jaber; concerns about lack of experience
- b. CEO of the Abu Dhabi National Oil Company; concerns about potential industry influence
- c. A representative from a developing nation; concerns about bias
- d. A climate scientist; concerns about a narrow focus on scientific aspects
Answer: b. CEO of the Abu Dhabi National Oil Company; concerns about potential industry influence
3. What was described as the "North Star" in the negotiations, and why was it emphasized during COP28?
- a. Global temperature rise to 2 degrees Celsius
- b. Ambitious language to limit global temperature rise to 1.5 degrees Celsius
- c. The role of financial commitments in climate action
- d. The need for developing nations to lead in climate funding
Answer: b. Ambitious language to limit global temperature rise to 1.5 degrees Celsius
4. Which developing countries expressed dissatisfaction with the final text on fossil fuels, and what were their main concerns?
- a. India, Brazil, Russia; concerns about climate justice
- b. Bolivia, Cuba, China; concerns about undermining equity and climate justice
- c. South Africa, Mexico, Indonesia; concerns about financial commitments
- d. Egypt, Nigeria, Saudi Arabia; concerns about conflicting figures
Answer: b. Bolivia, Cuba, China; concerns about undermining equity and climate justice
5. What was the central point of contention regarding financial commitments at COP28?
- a. Lack of financial commitments for fossil fuel exploration
- b. Transparency issues in tracking and measuring finance flows
- c. Overwhelming financial support from developed countries
- d. The launch of the Loss and Damage Fund
Answer: b. Transparency issues in tracking and measuring finance flows
6. What was the 2010 pledge made by developed countries, and why was it a source of disagreement at COP28?
- a. Pledge to reduce carbon emissions by 50%
- b. Pledge to mobilize $100 billion annually by 2020
- c. Pledge to phase out fossil fuels by 2030
- d. Pledge to achieve net-zero emissions by 2050
Answer: b. Pledge to mobilize $100 billion annually by 2020
7. What contradictory stance was identified regarding fossil fuels, especially in the case of the United States?
- a. The US advocated for increased fossil fuel production
- b. The US remained the top producer and consumer of crude oil globally
- c. The US reduced its reliance on fossil fuels
- d. The US opposed the UAE Consensus
Answer: b. The US remained the top producer and consumer of crude oil globally
8. What were the key points of negotiation regarding the New Collective Quantified Goal on Finance (NCQG) at COP28?
- a. Developing countries advocated for transparency; developed countries pushed for climate-friendly projects
- b. Developing countries sought a science-based approach; developed countries emphasized a narrow focus
- c. Developing countries emphasized financial commitments; developed countries pushed for fossil fuel projects
- d. Developing countries supported fossil fuel exploration; developed countries sought a new financial goal
Answer: a. Developing countries advocated for transparency; developed countries pushed for climate-friendly projects
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