UPSC Prelims Practice Questions — CCI approves proposed acquisition of certain shareholding in RBL Bank Ltd. by Emirates NBD Bank (P.J.S.C.)

Question 1

Under the Competition Act, 2002, parties to a notified combination cannot give effect to it before an order is passed under Section 31 or until the expiry of how many days from the date of giving notice to the CCI, whichever is earlier?

Accepted Answer

210 days

Answer

150 days

Answer

180 days

Answer

270 days

Question 2

Under the Competition Act, 2002, which one of the following is the principal provision that requires prior approval of the CCI for combinations exceeding the prescribed thresholds?

Accepted Answer

Section 6

Answer

Section 3

Answer

Section 4

Answer

Section 5

Question 3

As part of the Emirates NBD–RBL Bank transaction cleared by the CCI, how many India branch operations of Emirates NBD are to be amalgamated into RBL Bank?

Accepted Answer

Three

Answer

Two

Answer

Four

Answer

Five

Question 4

The Competition Commission of India, which cleared the Emirates NBD–RBL Bank combination, functions under the administrative control of which one of the following ministries?

Accepted Answer

Ministry of Corporate Affairs

Answer

Ministry of Finance

Answer

Ministry of Commerce and Industry

Answer

Ministry of Law and Justice

Question 5

The mandatory open offer made by Emirates NBD to the public shareholders of RBL Bank was triggered under which provisions of the SEBI (SAST) Regulations, 2011?

Accepted Answer

Regulations 3(1) and 4

Answer

Regulations 7 and 8

Answer

Regulations 10 and 22

Answer

Regulations 5 and 6

Question 6

India–UAE bilateral merchandise trade is reported to have surpassed which of the following figures in FY 2024-25?

Accepted Answer

USD 100 billion

Answer

USD 50 billion

Answer

USD 83.7 billion

Answer

USD 200 billion

Question 7

Under the Banking Regulation Act, 1949, prior approval of the Reserve Bank of India is mandatory for acquiring shares or voting rights amounting to at least what percentage of the paid-up share capital of a banking company?

Accepted Answer

5%

Answer

1%

Answer

10%

Answer

26%

UPSC Prelims Practice Questions — CCI approves proposed acquisition of certain shareholding in RBL Bank Ltd. by Emirates NBD Bank (P.J.S.C.)

Q1. Under the Competition Act, 2002, parties to a notified combination cannot give effect to it before an order is passed under Section 31 or until the expiry of how many days from the date of giving notice to the CCI, whichever is earlier?

Q2. Under the Competition Act, 2002, which one of the following is the principal provision that requires prior approval of the CCI for combinations exceeding the prescribed thresholds?

Q3. As part of the Emirates NBD–RBL Bank transaction cleared by the CCI, how many India branch operations of Emirates NBD are to be amalgamated into RBL Bank?

Q4. The Competition Commission of India, which cleared the Emirates NBD–RBL Bank combination, functions under the administrative control of which one of the following ministries?

Q5. The mandatory open offer made by Emirates NBD to the public shareholders of RBL Bank was triggered under which provisions of the SEBI (SAST) Regulations, 2011?

Q6. India–UAE bilateral merchandise trade is reported to have surpassed which of the following figures in FY 2024-25?

Q7. Under the Banking Regulation Act, 1949, prior approval of the Reserve Bank of India is mandatory for acquiring shares or voting rights amounting to at least what percentage of the paid-up share capital of a banking company?