RBI relaxes norms for foreign investment in startups
- The Reserve Bank of India (RBI) has said that Foreign Venture Capital Investors (FVCIs) can invest in Indian startups irrespective of the sector in which the startup is engaged without prior permission of the apex bank.
- Sebi-registered FVCIs have also been permitted to invest in unlisted firms in sectors like biotechnology, nano technology and dairy without prior permission of the RBI.
- The extant regulatory provisions have been reviewed and amended in order to further liberalize and rationalize the investment regime for FVCIs and to give a fillip to foreign investment in the startups.
- FVCIs can also open a foreign currency account and/or a rupee account for the purpose of making transactions.
1. The researchers from which University have developed a protein-enriched rice variety?
a) Acharya NG Ranga Agricultural University, Bapatla
b) Chaudhary Sarwan Kumar Himachal Pradesh Krishi Vishvavidyalaya, Palampur
c) Birsa Agricultural University, Ranchi
d) Indira Gandhi Krishi Vishwavidyalay (IGKV) in Raipur
2. Union Government and World Bank signed a million dollar loan agreement for Eastern Dedicated Freight Corridor-III (EDFC-III) Project. What is the sum that will be granted to India for development of the project?
a) 500-million US dollar
b) 550-million US dollar
c) 650-million US dollar
d) 700-million US dollar
3. What is the length of the Eastern Corridor that is being developed by Indian Railways?
a) 1256 kilometre
b) 1537 kilometre
c) 1839 kilometre
d) 1900 kilometre
4. Union Government unveiled a Regional air connectivity scheme. Provide its abbreviated name?
a) UDNA
b) UDAN
c) UDO
d) URJA
5. Regional air connectivity scheme that was unveiled recently by Aviation Ministry will be rolled out by
a) December 2016
b) January 2017
c) March 2017
d) April 2017
6. Name the country that formally announced its separation from the United States recently.
a) Philippines
b) Vietnam
c) Pakistan
d) Nepal
7. The Giant Metre-wave Radio Telescope (GMRT) that tracked the landing of a European Space Agency’s spacecraft on a Mars mission is located in
a) Pune, India
b) San Basilio, Italy
c) Mount Aragats, Armenia
d) Johannesburg, South Africa
8. Name the country that formally begun the process of withdrawing from the International Criminal Court (ICC).
a) South Africa
b) Pakistan
c) China
d) Japan
9. TRAI recommended to imposition of penalty on Bharti Airtel, Vodafone and Idea cellular for allegedly denying interconnectivity to newcomer Reliance Jio. What is the sum that will be slapped on these cellular companies?
a) 1200 crore rupees
b) 2000 crore rupees
c) 2575 crore rupees
d) 3050 crore rupees
10. Name the Indian IT company that agreed to acquire U.S. based engineering and design services firm Butler America Aerospace, LLC (Butler Aerospace)?
a) Wipro Limited
b) HCL Technologies
c) Tata Consultancy Services
d) Tech Mahindra
11. Name the state who’s High Court ordered dissolution of the State Other Backward Classes (OBC) Commission.
a) Rajasthan
b) Uttar Pradesh
c) Delhi
d) Maharashtra
12. Who of the following is the author of the book All the Kremlin’s Men: Inside the Court of Vladimir Putin?
a) Henry Hardy
b) David Satter
c) Mikhail Zygar
d) Arkady Ostrovsky
13. Name the Sikh-American actor after whom a day was named in New York.
a) Babaji Singh
b) Dharma Singh Khalsa
c) Waris Ahluwalia
d) Vikram Kaur Khalsa
14. Name the second Indian city that received FIFA nod for hosting the U-17 World Cup in 2017.
a) Navi Mumbai
b) Kochi
c) Kolkata
d) Hyderabad
15. Name the company that received one product patent each from Europe and Israel corresponding to the new chemical entities for the treatment of disorders associated with neurodegenerative diseases.
a) Dr. Reddy’s Laboratories
b) Lupin Ltd
c) Sun Pharmaceutical
d) Suven Life Sciences Ltd.
Answer
1. (d) Indira Gandhi Krishi Vishwavidyalay (IGKV) in Raipur
2. (c) 650-million US dollar
3. (c) 1839 kilometre
4. (b) UDAN
5. (b) January 2017
6. (a) Philippines
7. (a) Pune, India
8. (a) South Africa
9.(d) 3050 crore rupees
10. (b) HCL Technologies
11. (a) Rajasthan
12. (c) Mikhail Zygar
13. (c) Waris Ahluwalia
14. (a) Navi Mumbai
15. (d) Suven Life Sciences Ltd.