IBPS PO General Awareness: Economy and Banking Awareness questions with solutions

Q1. What was the previously allowed percentage of FDI for single-brand retail in a company before the amendment in January 2018?

1. 25%
2. 33%
3. 49%
4. 67%

Answer: 49%

Before the January 2018 amendment, the FDI limit for single-brand retail was 49%. The amendment later liberalized the policy further. Hence, the previously allowed percentage was 49%.

Q2. The Union Budget 2021–22 proposed developing five major fishing harbours as hubs of economic activity. Which among the following is one of them?

1. Daman
2. Kochi
3. Mumbai
4. Kolkata

Answer: Kochi

The Union Budget 2021–22 proposed developing five major fishing harbours as hubs of economic activity, and Kochi was one of them. This was part of the government’s push to strengthen the fisheries sector and related infrastructure.

Q3. Name the mission that was recently launched by the Government in December 2020 to promote the quality of products being manufactured in the country.

1. Make in India
2. Brand India
3. Quality India
4. Mission Brand

Answer: Brand India

The mission referred to is Brand India, launched to promote the quality and image of products manufactured in the country. It focuses on strengthening trust and recognition for Indian products.