The purpose of the Daily Current Affairs 25 December 2023 MCQ and Quiz on BestHai.in is to provide a valuable resource for competitive exam preparation. It offers questions based on the most recent national and international events, helping you stay updated and practice for exams like UPSC, SSC, Banking, and Placement exams.
Daily Current Affairs 25 December 2023
| 1. | What is the focus of the recent RBI norms for Regulated Entities (REs)? |
|---|
A. Encouraging evergreening of loans
B. Strengthening investments in AIFs
C. Preventing evergreening of loans through AIF investments
D. Increasing direct loan exposure
View Answer Discuss Work SpaceAnswer: option c
Explanation:
The RBI has implemented stricter norms for Regulated Entities, focusing on preventing the evergreening of loans through investments in Alternative Investment Funds (AIFs).
| 2. | What does the RBI circular require if an AIF scheme, in which an RE is an investor, makes a downstream investment in a debtor company? |
|---|
A. Mandatory liquidation within 30 days
B. Extension of investment period
C. Automatic rollover of investments
D. No action required
View Answer Discuss Work SpaceAnswer: option a
Explanation:
The circular mandates that if an AIF scheme, in which an RE is already an investor, makes a downstream investment in a debtor company, the RE is required to liquidate its investment in the scheme within 30 days from the date of such downstream investment.
| 3. | What is the consequence of non-compliance with the RBI circular's liquidation timeframe? |
|---|
A. No consequences
B. 50% provision on investments
C. 100% provision on investments
D. Warning from RBI
View Answer Discuss Work SpaceAnswer: option c
Explanation:
In instances where REs are unable to liquidate their investments within the specified timeframe, the circular mandates a 100% provision on such investments.
| 4. | When did the Ministry of Mines organize a roadshow for the first tranche of the auction of Critical and Strategic Minerals? |
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A. December 19, 2023
B. November 30, 2023
C. January 5, 2024
D. October 15, 2023
View Answer Discuss Work SpaceAnswer: option a
Explanation:
The Ministry of Mines organized a roadshow on December 19, 2023, for the first tranche of the auction of Critical and Strategic Minerals.
| 5. | How many critical and strategic mineral blocks will be auctioned in the first tranche, according to the Ministry of Mines? |
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A. 15
B. 25
C. 20
D. 30
View Answer Discuss Work SpaceAnswer: option c
Explanation:
A total of 20 critical and strategic mineral blocks will be auctioned in the first tranche, including minerals like Graphite, Glauconite, Lithium, REE, Molybdenum, Nickel, and Potash.
Daily Current Affairs 25 December 2023 FAQ
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