Q1. Which of the following bank, in association with Universal Sompo General Insurance Co Limited has launched upgraded health care plus insurance policy?

A. Bank of Baroda B. Indian Overseas Bank C. State Bank of India D. ICICI Bank Answer: B

Q2. Government e-Marketplace (GeM) has signed MoU with Indian Bank and Canara Bank. The MoU will facilitate-?

A. cashless B. paperless C. transparent payment system D. All of the above Answer: D

Q3. MSTC Ltd has signed an agreement with ______________________ for the development of a dedicated e-Auction platform.

A. Allahabad Bank B. Bank of Baroda C. Punjab National Bank D. Union Bank of India Answer: A

Q4. Where is the headquarters of Indian Overseas Bank?

A. New Delhi B. Mumbai C. Hyderabad D. Chennai Answer: D

Q5. What is the tagline of Indian Bank?

A. A Premier Public Sector Bank B. Together we can C. Your Own Bank D. Trusted Family Bank Answer: C

Q6. Who is the present Chairman of Canara Bank?

A. PS Jayakumar B. PS Jayakumar C. Dinabandhu Mohapatra D. TN Manoharan Answer: D

Q7. Government e-Marketplace (GeM) signed MoU with Central Bank of India. Through this partnership, Central Bank of India will be able to offer an array of services including transfer of funds through GeM Pool Accounts (GPA), advising of electronic Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the portal. Central Bank of India based in-?

A. Kolkata B. New Delhi C. Bengaluru D. Mumbai Answer: D

Q8. Which Bank has signed a memorandum of understanding with Muthoot Microfinance to serve Micro, Small and Medium Enterprises (MSME)?

A. Punjab National Bank B. Punjab National Bank C. Indian Bank D. Union Bank of India Answer: C

Q9. Federation of Indian Chambers of Commerce and Industry (FICCI) signed a memorandum of understanding with Singapore Fintech Association (SFA) as part of the growing Singapore-India fintech ecosystems. Where is the headquarters of FICCI?

A. Bengaluru B. New Delhi C. Kolkata D. Chennai Answer: B

Q10. The Competition Commission of India (CCI) approves the merger of the BNP Paribas (BNPP) Mutual Fund and the Baroda (BOB) Mutual Fund, under Section 31 (1) of which act?

A. The Competition Act, 2002 B. SEBI Act, 1992 C. The Companies Act 2013 D. Banking Regulation Act, 1949 Answer: A

Q11. The Centre and Asian Development Bank (ADB) has signed an agreement to extend _______________ million US dollar loan to modernize the Vijayanagara Channel Irrigation Systems and prepare river basin management plans in the Krishna river basin.

A. 512 million US dollar B. 100 million US dollar C. 91 million US dollar D. 302 million US dollar Answer: C

Q12. Commercial vehicle manufacturer Ashok Leyland Ltd. (ALL) has entered into a two­ year memorandum of understanding (MoU) with ________________ to offer customised financial solutions to customers across India with a focus on semi­urban and rural geographies.

A. ICICI Bank B. HDFC Bank C. Axis Bank D. Kotak Mahindra Bank Answer: A

Q13. Which of the following General Insurance Company Limited has partnered with Fino Payments Bank to offer non-life insurance solutions to its customers?

A. Bharti Axa General Insurance B. Star Health and Allied Insurance C. Bajaj Allianz General Insurance D. ICICI Lombard Answer: D

Q14. ICICI Lombard General Insurance Company Limited is a general insurance company based in-

A. Chennai B. Mumbai C. Gurugram D. Pune Answer: B

Q15. Who is present Managing Director and Chief Executive Officer of Fino Payment Bank?

A. Ketan Merchant B. Mahendra Kumar Chouhan C. Abhijit Ghosh D. Rishi Gupta Answer: D

Q16. ‘Self Help Group’ is associated with which of the following Rural Development Programmes ?

A. Pradhan Mantri Gram SadakYojana B. TRYSEM C. Swarna Jayanti Gram Swarozgar Yojana D. None of these Answer: C

Q17. Call money is related to–

A. Share Market B. Government Securities C. Banks Deposit D. None of these Answer: A

Q18. What is the full form of NSDL?

A. National Source Depository Limited B. National Securities Depository Limited C. National Sample Depository Limited D. None of these Answer: B

Q19. NAMA word is related to which organisation ?

A. World Trade Organisation B. UNCTAD C. International Monetary Fund D. None of these Answer: A

Q20. Which of the following organisations releases “World Economic Outlook” Report ?

A. Asian Development Bank B. World Bank C. International Monetary Fund D. None of these Answer: C

Q21. What is the full form of REER?

A. Real Earning Emergent Ratio B. Real Effective Exchange Rate C. Real Elective Effective Ratio D. None of these Answer: B

Q22. Committee related with the merger of regional rural banks with their sponsor banks is_______________.

A. Khusro Committee B. Khan Committee C. Malegam Committee D. None of these Answer: A

Q23. What does PMLA stands for ?

A. Primary Money Launching Authority B. Promoting Money Laundering Act C. Preventing Money Launching Act D. None of these Answer: C

Q24. Where is the headquarters of CARE (Credit Analysis & Research Ltd.)?

A. Gurugram B. Mumbai C. Chennai D. None of these Answer: B

Q25. The cooperative movement in which of the following fields has achieved a great visible success in India?

A. Banking sector B. Textile sector C. Cotton production D. None of these Answer: B

Q26. In which year Punjab National Bank was established ?

A. 1880 B. 1887 C. 1894 D. None of these Answer: C

Q27. SDR, the currency of the IMF, is in the form of-

A. Paper Currency Gold B. Book Keeping entry only C. Silver and Gold both D. None of these Answer: B

Q28. In which year did second phase of nationalization of banks took place?

A. 1969 B. 1980 C. 1984 D. None of these Answer: B

Q29. What is the maturity period of Treasury Bills issued by Government of India?

A. 14 days and 84 days B. 18 days and 36 days C. 91, 182 & 364 days D. None of these Answer: C

Q30. Devaluation of currency results in ____.

A. Increased export and import B. Increased export and improvement in balance of payment C. Trade deficit D. None of these Answer: B

Q1. Bank of Baroda partnered with which state government to provide MSME loans?

A. Maharashtra B. Andhra Pradesh C. Telangana D. Rajasthan Answer: D

Q2. Who is appointed as an Additional Director of Dhanlaxmi Bank?

A. Girish Chandra Chaturvedi B. Rakesh Makhija C. Rajesh Puri D. V Viswanathan Answer: D

Q3. On which of the following banks the Reserve Bank of India has imposed a monetary penalty of Rs. 1.50 crore for non-compliance with certain provisions of directions issued by RBI?

A. Bank of Baroda B. Canara Bank C. Union Bank D. Corporation Bank Answer: D

Q4. Which of the following health insurance companies has partnered with MobiKwik to offer affordable health insurance schemes?

A Apollo Munich Health Insurance B. Aditya Birla Health Insurance Co. Limited C. HDFC ERGO General Insurance company Ltd D. ICICI Lombard General Insurance Company Limited Answer: B

Q5. Which of the following Regional Rural Banks (RRBs) signed an MoU with the Canara HSBC OBC Life Insurance Company Ltd for bancassurance?

A. Kaveri Grameena Bank B. Pragathi Krishna Grameena Bank C. Karnataka Vikas Grameen Bank D. Sapthagiri Grameena Bank Answer: C

Q6. As per the fifth bi-monthly monetary policy announced by the Reserve Bank of India (RBI) which of the following is repo rate and reverse repo rate under the liquidity adjustment facility?

A. 5.25%, 4.85% B. 5.45%, 4.15% C. 5.15%, 4.90% D. 5.35, 4.75% Answer: C

Q7. Walmart India, a wholly-owned subsidiary of Walmart Inc has joined hands with which bank to launch a co-branded credit card?

A. ICICI Bank B. HDFC Bank C. Yes Bank D. Axis Bank Answer: B

Q8. On November 26, 2019 India Ratings and Research, the Indian subsidiary of Fitch group, has revised the Gross Domestic Product (GDP) of India estimate for the financial year 2019-20 to ______.

A. 5.2% B. 5.6% C. 5.9% D. 6.2% Answer: B

Q9. Which company has decided to acquire 100 % stake in Madura Micro Finance Limited (MMFL) for Rs. 876 crores?

A. Aditya Birla Finance Limited B. Bajaj Finserv C. Credit Access Grameen Limited (CAGL) D. Aavas Financiers Answer: C

Q10. What was the increased authorized capital of Food Corporation of India (FCI)?

A. Rs. 10,000 crores B. Rs. 12,000 crores C. Rs. 15,000 crores D. Rs. 17,000 crores Answer: A

Q11. With which of the following countries India has signed Double Taxation Avoidance Agreement (DTAA) on November 27, 2019?

A. Germany B. Saudi Arabia C. Sri Lanka D. Chile Answer: D

Q12. Which of the following groups of regional rural banks (RRB) of Uttar Pradesh are to be merged into a single regional rural bank, Baroda UP Bank by 1st April 2020?

A. Prathama UP Gramin Bank, Baroda Uttar Pradesh Grameen Bank, Kashi Gomti Samyut Gramin Bank B. Baroda Uttar Pradesh Grameen Bank, Kashi Gomti Samyut Gramin Bank, and Purvanchal Bank C. Aryavart Bank, Kashi Gomti Samyut Gramin Bank, and Purvanchal Bank D. Aryavart Bank, Kashi Gomti Samyut Gramin Bank, and Prathama UP Gramin Bank Answer: B

Q13. What will be the Center’s fiscal deficit of India for the financial year 2019-20 as per the Moody’s estimation?

A. 3.3% B. 3.5% C. 3.7% D. 3.9 % Answer: C

Q14. Who is the Managing Director (MD) & Chief Executive Officer (CEO) of India First Life Insurance?

A. RM Vishakha B. Kalpana Morparia C. Mallika Srinivasan D. Neelam Dhawan Answer: A

Q15. The Reserve Bank of India has revised the currency swap arrangement framework of which of the following intergovernmental organizations?

A. South Asian Association for Regional Cooperation (SAARC) B. Shanghai Cooperation Organizations (SCO) C. Association of Southeast Asian Nations (ASEAN) D. Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Answer: A

Q16. Which group of two banks has signed a pact with Ashok Leyland (ALL) for commercial vehicle financing?

A. Yes Bank and HDFC Bank B. ICICI bank & Indian Bank C. Axis bank & ICICI bank D. Axis bank & HDFC Bank Answer: C

Q17. Which of the following became the first company to list its commercial papers on the stock exchanges?

A. Bajaj Finserv B. American Express Bank Ltd. India C. Aditya Birla Finance Ltd (ABFL) D. Edelweiss Securities Ltd. Answer: C

Q18. Which lending platform has entered into a co-origination agreement with the State Bank of India (SBI) to provide widened credit outreach and faster disbursal?

A. Early Salary Pvt Ltd B. Indiabulls Housing Finance Ltd C. Home credit India D. U GRO Capital Answer: D

Q19. Which company becomes the most valuable listed company in history?

A. Google B. Microsoft C. Ali Baba D. Saudi Armaco Answer: D

Q20. Export Import Bank of India has sanctioned $500 million Line of Credit (LoC) to which country for defence related procurement?

A. Mauritius B. Sri Lanka C. Bhutan D. Bangladesh Answer: D

Q21. Scheduled bank refers to a bank:

A. Authorised by the central government to transaction government business B. Registered with the ministry of finance, Govt. of India C. Which is included in the second schedule to the RBI act, 1934 D. Incorporated as a cooperative society Answer: C

Q22. What is ‘C’ in KYC?

A. Client B. Customer C. Call D. Celebrity Answer: B

Q23. How much quantity of coins to be minted decided by ______________.

A. RBI B. Union government C. SBI D. IRDA Answer: B

Q24. The minimum amount to be remitted through RTGS is _______.

A. 2 lakh B. 5 lakh C. 10 lakh D. 12 lakh Answer: A

Q25. Which of the following is not correct statement?

A. Bombay plan was started in 1944 B. JRD Tata and his associates started Bombay plan. C. Peoples plan was proposed by the M.N. Roy D. Sarvodaya plan was started by the Vinoba bhave Answer: D

Q26. First five year plan of India was based on which model?

A. Harrod Domar model B. Mahalanobis model C. Dada Bhai Nauroji model D. J.L. Nehru model Answer: A

Q27. When was the first industrial policy of India launched?

A. 1956 B. 1948 C. 1951 D. 1965 Answer: B

Q28. The World Bank was created at the 1944 Bretton Woods Conference along with the ______.

A. Imperial Bank B. International Bank of Settlement C. International Monetary Fund D. American Bank Answer: C

Q29. Which of the following is NOT classified as a commercial bank?

A. Public sector bank B. Foreign bank C. Private sector bank D. Urban cooperative bank Answer: D

Q30. Why the Securities and Exchange Board of India was set up? 1. Protect the interests of investors 2. To regulate the activities of brokers in the stock market 3. To ensure transparency in operation in the stock market 4. To encourage the healthy growth of the stock market

A. 1 and 2 B. 1, 2 and 4 C. 1, 2 and 3 D. All of these Answer: D

Q1. In which state of India, the 1st Pashu Kisan credit cards were distributed to animal farmers?

A. Haryana B. Punjab C. Uttar Pradesh D. Maharashtra Answer: A

Q2. As on November 1, 2019 what amount of loan has been sanctioned under the Pradhan Mantri MUDRA Yojana (PMMY)?

A. Rs. 8.25 lakh crores B. Rs. 9.44 lakh crores C. Rs. 10.24 lakh crores D. Rs. 10.84 lakh crores Answer: C

Q3. Vakrangee Finserve Limited has partnered with which of the following banks for 20,000 Banking Business Correspondent (BC) point for Nextgen Vakrangee Kendra?

A. United Bank of India B. Union Bank of India C. Canara Bank D. Punjab and Sindh Bank Answer: B

Q4. On December 11, 2019, Asian Development Bank (ADB) has lowered India’s Gross Domestic Product (GDP) growth forecast to _______ from 6.5% of previous estimate for the current nancial year-FY 2019-20.

A. 5.6 % B. 5.3 % C. 5.1% D. 5.8% Answer: C

Q5. Which of the following tech-based companies has partnered with Accelerated Growth of New India’s Innovations (AGNIi) to support the development of sustainable innovations and technologies across industries?

A. Matterport B. DuPont C. Siemens D. Knewton Answer: B

Q6. The United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019 has been topped by which country? A. The Netherlands

B. Finland C. Norway D. Sweden Answer: A

Q7. From December 16, 2019 NEFT transaction can be made 24×7. These transactions after the usual banking hours are set to be automated initiated using STP. What does ‘S’ stands for in STP?

A. Starting B. Straight C. Simulation D. Sophisticated Answer: B

Q8. To create awareness among investors and other stakeholders the Investor Education & Protection Fund Authority (IEPFA) signed a MoU with which Bank? A. Bank of India

B. Indian Bank C. Union Bank of India D. Bank of Baroda Answer: D

Q9. Which nancial service company has partnered with partnered with Thailand Tourism Authority (TAT) to tap more tourists from India & enable digital payments?

A. Mastercard B. Visa Inc C. RuPay Card D. American Express Answer: A

Q10. Which of the following health insurance companies has partnered with MobiKwik to offer affordable health insurance schemes?

A. Apollo Munich Health Insurance B. Aditya Birla Health Insurance Co. Limited C. HDFC ERGO General Insurance company Ltd D. ICICI Lombard General Insurance Company Limited Answer: B

Q11. What percent of the customer of the crisis-hit PMC bank has been allowed to withdraw their entire deposits, however, the ceiling of Rs 50,000 on withdrawal from deposits continues?

A. 60% B. 65% C. 75% D. 78% Answer: D

Q12. As per new norms of Telecom Regulatory Authority of India (TRAI), how many days were prescribed for porting facility in the service area?

A. 2 days B. 3 days C. 5 days D. 7 days Answer: B

Q13. Which of the following Regional Rural Banks (RRBs) signed an MoU with the Canara HSBC OBC Life Insurance Company Ltd for bancassurance?

A. Kaveri Grameena Bank B. Pragathi Krishna Grameena Bank C. Karnataka Vikas Grameen Bank D. Sapthagiri Grameena Bank Answer: C

Q14. Walmart India, a wholly-owned subsidiary of Walmart Inc has joined hands with which bank to launch a co-branded credit card?

A. ICICI Bank B. HDFC Bank C. Yes Bank D. Axis Bank Answer: B

Q15. Name the organization which has anchored an investment round of $ 200 million in Mahindra & Mahindra Financial Services Limited (MMFSL) to create a ‘pool’ specically for nancing micro, small and medium enterprises (MSMEs) in low-income states?

A. Asian Development Bank (ADB) B. International Finance Corporation (IFC) C. International Development Association (IDA) D. International Monetary Fund (IMF) Answer: B

Q16. Aditya Birla Health Insurance Co. Limited (ABHICL) has signed an agreement with which n-tech platform to offer affordable health insurance plans to mobile-rst middle-class Indian consumers?

A. Paytm B. Google Pay C. Mobikwik D. Amazon Pay Answer: C

Q17. On December 2, 2019, Asian Development Bank (ADB) has signed a $206 million loan agreement with the Government of India (GoI) to develop water supply, sewerage infrastructure in which state?

A. West Bengal B. Karnataka C. Maharashtra D. Tamil Nadu Answer: D

Q18. Which company has decided to acquire 100 % stake in Madura Micro Finance Limited (MMFL) for Rs. 876 crores?

A. Aditya Birla Finance Limited B. Bajaj Finserv C. Credit Access Grameen Limited (CAGL) D. Aavas Financiers Answer: C

Q19. On 28th November 2019 which of the following becomes the rst Indian company to cross Rs 10 lakh crore market capitalization (m-cap)?

A. State Bank of India (SBI) B. Tata Consultancy Services (TCS) C. Reliance Industries Ltd (RIL) D. HDFC Bank Answer: C

Q20. The Securities and Exchange Board of India (SEBI) has doubled the minimum investment limit for clients of Portfolio Management Services to _______.

A. Rs 40 lakh B. Rs 50 lakh C. Rs 80 lakh D. Rs 100 lakh Answer: B

Q21. Which of the following statements are correct about Finance Commission ?

a. It is a statutory body. b. It is constituted under article 280 of Indian constitution. c. Mr. K. C. Pant is the Chairman of 13 Finance Commission. A. Only a B. band c C. a and b D. None of these Answer: C

Q22. What is the full form of LERMS ?

A. Liberalised Exchange Rate Management System B. Long Elimination Reserve Management System C. Liberalised Extended Related Management Stock D. None of these Answer: A

Q23. SLR is maintained by banks on which of the following –

A. Net Demand and Time Deposits B. Demand and Time Liabilities C. Net Demand and Time Liabilities D. None of these Answer: C

Q24. What is the base year for new series of IIP (Index of Industrial Production) ?

A. 2003-2004 B. 2004-2005 C. 2011-2012 D. None of these Answer: C

Q25. Which of the following is not an objective of fiscal policy of Government of India ?

A. Full Employment B. Equal distribution of Income and Wealth C. Regulation of Inter State Trade D. None of these Answer: C

Q26. A banking system in which a big bank has a number of branches in different parts of the country is known as ___.

A. Unit Banking B. Branch Banking C. Mixed Banking D. None of these Answer: B

Q27. National Food Security Mission was launched in the year ___.

A. 2005 B. 2006 C. 2007 D. None of these Answer: C

Q28. What is the full form of FIMMDA?

A. Fined Income More Money Derivatives Authority B. Fixed Income Measuring Money Dumping Association C. Fixed Income Money Market and Derivatives Association D. None of these Answer: C

Q29. In which year Public Debt Act was passed ?

A. 1944 B. 1948 C. 1942 D. None of these Answer: A

Q30. What is the full form of ASBA?

A. Applicable Supported by Blocked Amount B. Already Supported by Blocked Amount C. Applications Supported by Blocked Amount D. None of these Answer: C

Q1. FIMMDA was incorporated as a Company under section 25 of the Companies Act, 1956. What is the meaning of “A” in FIMMDA?

A. Assets B. Amount C. Agency D. Association Answer: D

Q2. Which of the following remains at the top of organizational structure of RBI?

A. Governor B. Executive Directors C. Deputy Governors D. Chief General Manager Answer: A

Q3. In terms of Reserve Bank of India (RBI) guidelines, Banks in India must pay a minimum interest on the balances held in saving bank account at ________?

A. 4%.00 B. 3.50% C. 5%.00 D. 6%.00 Answer: A

Q4. Which of the following can be called as GDP?

A. The monetary value of all finished goods and services made within a country during a specific period B. The sustained increase in the general price level of goods and services C. Value of goods and services produced by a country during June to May D. All of the above Answer: A

Q5. FIMMDA‘s general principles and procedures are applicable to _________?

A. Fixed Income Markets B. Money Markets C. Derivatives Markets D. All of the above Answer: D

Q6. What is the full form of FIPB?

A. Foreign Investment Promotion Brochure B. Foreign Investment Production Board C. Foreign Investment Promotion Board D. Foreign Direct Investment Promotion Board Answer: C

Q7. By adopting Cheque Truncation System, the banks in India would be required to print security logo on the face of the cheque leaves as _________?

A. CTS 2012 B. CTS 2013 C. CTS 2010 D. CTS 2009 Answer: C

Q8. Who regulates chit funds in India?

A. Government of India B. State Governments C. Not regulated at all D. Concerned Districts Answer: B

Q9. A Co-Operative Bank operating in different States is regulated by _______?

A. State Co-Operative Societies Act B. Banking Regulation Act C. Multi-Unit Co-Operative Societies Act D. Banking Laws (applicable to Co-operative Societies) Answer: C

Q10. You might have heard about PMI data. What is PMI?

A. Prudential Managers Index B. Purchasing Managers Indian C. Purchasing Managers Index D. Prudential Managers Indian Answer: C

Q11. Hypothecation is applicable in the case of _____?

A. Movable goods B. Immovable property C. Book debts D. Corporate guarantee Answer: A

Q12. Banking sector comes under which sector?

A. Services sector B. Manufacturing sector C. Realty sector D. Industrial sector Answer: A

Q13. In respect of Regional Rural Banks, the share holding pattern is _______?

A. Central Government 50%, State Government 35%, Sponsoring Bank 15% B. Central Government 50%, State Government 15%, Sponsoring Bank 35% C. Central Government 15% State Government 35%, Sponsoring Bank 50% D. Central Government 35%, State Government 50%, Sponsoring Bank 15% Answer: B

Q14. Which of the followings can be used for Current Account Deficit financing?

A. FII only B. FDI only C. ECB only D. All FII, FDI and ECB Answer: D

Q15. A company which pools money from investors and invests in stocks, bonds, shares is called ____?

A. A bank B. An insurance company C. Bancassurance D. Mutual Fund Answer: D

Q16. The primary relationship between a banker and customer starts from the time

A. when customer visits that bank B. when customer opens an account C. when customer visits that bank to made queries D. All of the above Answer: B

Q17. Dishonour of cheque by a banker without any justifiable reason is called

A. Valid dishonour of cheques B. Unmindful dishonour of cheques C. Negligence dishonour of cheques D. Wrongful dishonour of cheques Answer: D

Q18. ______________ is the right of a person to retain the property of another person in his possession until the debt from that owner of that property is repaid

A. Lien B. Retainment C. Retrenchment D. Libel Answer: A

Q19. The idea behind the bankers right to set-off is to enable the banker to reduce the ______________ amount due to him from a customer

A. Gross B. Net C. Partial D. None of the above Answer: B

Q20. The ______________ rule is followed in appropriation of accounts if neither debtor nor creditors does not makes any specific appropriation

A. Pagets B. Kinlay C. Sheldon D. Claytons Answer: D

Q21. The right of set-off customers account can be exercised only by a.______?

A. Creditors B. Debtors C. Banker D. Customer Answer: C

Q22. How many sections are there in total in Banking Regulation Act 1949?

A. 48 B. 54 C. 47 D. 56 Answer: D

Q23. Which of the following section in the Banking Regulation Act 1949 defines the use of words “bank”, “banker”, “banking” or “banking company”?

A. Section 1 B. Section 7 C. Section 2 D. Section 3 Answer: B

Q24. Which section of Banking Regulation Act 1949 give Power to the Reserve Bank to give directions?

A. Section 42 B. Section 42A C. Section 47 D. Section 35A Answer: D

Q25. Which of the following falls under Section 11 of Banking Regulation Act 1949?

A. Restrictions on loans and advances. B. Restrictions as to payment of dividends. C. Cash Reserves D. Requirement as to minimum paid-up capital and reserves.I Answer: D

Q26. ESOP means –

A. Employee stock option play B. Employee shair object plan C. Employee stock ownership plan D. None of these Answer: C

Q27. A banking system where all operations are confined to a single office is known as _____.

A. Unit Banking B. Group Banking C. Chain Banking D. None of these Answer: A

Q28. Which of the following is not a Financial/Economic term?

A. Marginal Utility B. Break-Even Point C. Pipette D. None of these Answer: C

Q29. Indian company having FDI will be permitted to make downstream investment in LLPs. What is the full form of LLP ?

A. Limited Language Performance B. Limited Liability Partnership C. Linguistic Liability Participation D. None of these Answer: B

Q30. What is the Platinum Jubilee Year of the RBI ?

A. 2012-2013 B. 2014-2015 C. 2009-2010 D. None of these Answer: C

Q1. Private sector bank ___________________ and digital healthcare platform Practo have partnered to launch an industry-first co-branded health credit card.

A. HDFC Bank B. ICICI Bank C. Kotak Mahindra Bank D. RBL Bank Answer: D

Q2. Business-to-business payments startup _____________ has launched the country’s first corporate credit card called ‘Freedom Card’ for small and medium enterprises (SMEs).

A. EnKash B. Paytm C. FreeCharge D. Mobikwik Answer: A

Q3. The State Bank of India’s (SBI) Shanghai branch is now connected to CNAPS. What is the full form of CNAPS?

A. China’s National Advance Public System B. China’s Nominal Advance Payment Security C. China’s National Advance Payment Service D. China’s National Advance Payment System Answer: D

Q4. In its 3rd Bi-monthly Monetary Policy Committee meeting, the Reserve Bank of India has reduced the policy repo Advertisement rate by-?

A. 5 basis points B. 20 basis points C. 35 basis points D. 80 basis points Answer: C

Q5. What is the present repo rate?

A. 5.40% B. 5.50% C. 6.30% D. 7.60% Answer: A

Q6. The difference between the outflow and inflow of foreign currency is known as _____________.

A. Current Account Deficit B. Fiscal Deficit C. Foreign Exchange Reserves D. Balance of Payments Answer: C

Q7. The biggest international financial center in the world is___________.

A. Frankfurt B. Geneva C. London D. New York Answer: C

Q8. Which of the following Institutions extends maximum term loan to States?

A. NABARD B. LIC C. IDBI D. IFCI Answer: B

Q9. When the date of the cheque is later than the date on which it is presented for payment, the cheque is known as__________.

A. post-dated cheque B. invalid cheque C. ante-dated cheque D. Stale cheque Answer: A

Q10. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form____________.

A. Imperial Bank of India B. Reserve Bank of India C. Bank of India D. Union Bank of India Answer: A

Q11. Production and consumption takes Advertisement place at about the same time. This is a characteristic of_______________.

A. Manufacturing sector B. Agriculture sector C. Service sector D. All of the above Answer: C

Q12. FDR is________.

A. Fix Date Rate B. Fixed Deposit Receipt C. Full Date Rate D. All of the above Answer: B

Q13. NBA stands for__________.

A. Net Banking Assets B. Net Book Act C. National Banking Act D. National Banking Association Answer: A

Q14. What is the full form of ECB?

A. Extra Commercial Banking B. Extra Commercial Borrowings C. External Commercial Borrowings D. All of the above Answer: B

Q15. The web tool named ‘Vasool So-Ft’ has been launched by which bank?

A. Bank of India B. Jammu & Kashmir Bank C. Karnataka Bank D. State Bank of India Answer: C

Q16. Who is the present Chief Economic Adviser of India?

A. Krishnamurthy V. Subramanian B. Sudhir Bhargava C. Subhash Chandra Garg D. Bibek Debroy Answer: A

Q17. What is the full form of ICICI bank?

A. Industrial Credit and Investment Corporation of India B. Investment Credit and Industrial Corporation of India C. Industrial Corporation and Investment Credit of India D. Investment Corporation and Industrial Credit of India Answer: A

Q18. Which country ranks on top in terms of money parked in Swiss Bank?

A. Hong Kong B. United Kingdom C. China D. United States Answer: B

Q19. Who determines the Interest Rates on Small Savings Schemes?

A. Ministry of Finance B. RBI C. High-Level Committee formed by Finance Ministry D. Cabinet Committee Chaired by Prime Minister Answer: A

Q20. Which among the following portals have been launched by the Reserve Bank of India?

A. CISBI B. FLAIR C. Complaint Management System (CMS) D. All of the above Answer: D

Q21. The cash loading of Prepaid Instruments is limited to ________ per month.

A. Rs 10,000 B. Rs 50,000 C. Rs 25,000 D. Rs 30,000 Answer: B

Q22. Who is the Appellate Authority in case of Banking Ombudsman Scheme?

A. Governor of RBI B. Executive Director of RBI C. Deputy Governor of RBI D. CGM of RBI Answer: C

Q23. An enterprise where the investment in equipment does not exceed Rs. 10 Advertisement lakh is known as__________.

A. Small enterprise B. Medium enterprise C. Micro enterprise D. Mini enterprise Answer: C

Q24. What is an Indian Depository Receipt ?

A. A deposit account with a Public Sector Bank B. A depository account with any of Depositories in India C. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company D. None of these Answer: C

Q25. Which is included in Capital budget ?

A. Income received from public borrowings B. Income received from tax-sources C. Income received from non-tax sources D. All of the above Answer: A

Q26. Banking which involves mobilizing large part of the deposits in risk free assets such as government securities is called _______.

A. Overseas Banking B. Narrow Banking C. Offshore Banking D. None of these Answer: B

Q27. Which of the following in India formulates the fiscal policy?

A. Finance Commission B. RBI C. Ministry of Finance D. None of these Answer: C

Q28. Which of the following measures is not taken by government to control inflation ?

A. It increases the rate of taxes B. It increases cash reserve ratio C. It increases the imports D. None of these Answer: B

Q29. ’Growth with Stability’ was the aim of which of the following Five Year Plans ?

A. Second Plan B. Third Plan C. Fourth Plan D. None of these Answer: C

Q30. A banking system in which a big bank has a number of branches in different parts of the country is known as ___.

A. Branch Banking B. Unit Banking C. Mixed Banking D. None of these Answer: A

Q1. The Complaint Management System (CMS) is a software application launched by _________________ on its website.

A. RBI B. IRDAI C. SBI D. TRAI Answer: A

Q2. OLTAS is used to maintain the records of banks paid through banks through online upload of challan details. What is the acronym for OLTAS?

A. Online Text accounting Service B. Online Tax accounting Service C. Online Tax accounting System D. Online Tax activation System Answer: C

Q3. A _______ is a negotiable instrument similar to a bill of exchange that can be issued to a client, directing another bank or one of its own branches to pay a certain sum to the specified party.

A. Crossed Cheque B. Demand Draft C. Cheque D. Bill Answer: B

Q4. The Reserve Bank of India has advised all Scheduled Commercial Banks to adopt Education Loan Scheme, formulated by Indian Banks Association. In this scheme, the Collateral free loans upto Rs _______________ under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL)

A. Rs 10 Lakh B. Rs 7.5 Lakh C. Rs 15 Lakh D. Rs 20 Lakh Answer: B

Q5. The Reserve Bank of India has advised all Scheduled Commercial Banks to adopt Education Loan Scheme, formulated by Indian Banks Association. In this scheme, loan upto Rs ____________ lakh for study in India and uptoRs _____________ lakh for study abroad

A. Rs 40 lakh, Rs 60 lakh B. Rs 20 lakh, Rs 40 lakh C. Rs 50 lakh, Rs 70 lakh D. Rs 10 lakh, Rs 20 lakh Answer: D

Q6. CCI has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank recently. What is the full form of CCI?

A Competition Commission of International B Competition Commission of India C Competition Corporation of India D Central Commission of India Answer: B

Q7. NPCI aims to allow all Indian citizens to have unrestricted access to e-payment services. What is the acronym for C in NPCI?

A. Credit B. Company C. Cash D. Corporation Answer: D

Q8. The RBI is planning to introduce a dedicated IVR system to track the status of complaints. What is the full form of IVR?

A. International Voice Response B. Interactive Vehicles Response C. Interactive Voice Response D. Indian Voice Response Answer: C

Q9. The Reserve Bank relaxed the leverage ratio (LR) to _____________ for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks.

A. 4.00% B. 5.50% C. 4.50% D. 5.00% Answer: A

Q10. A savings as well as current account should be treated as inactive if there are no transactions in the account for over a period of _____ months.

A. 24 months B. 30 months C. 12 months D. 06 months Answer: A

Q11. CTS-2010 is related to which of the following banking instrument?

A. ATMs B. Credit Cards C. Cheques D. Drafts Answer: C

Q12. If any cheque issue by a holder to the payee for the upcoming withdrawn date, then that type of cheques are called____________.

A. Post Dated Cheques B. Anti Dated Cheques C. Stale Cheque D. Order Cheque Answer: A

Q13. What percentage of FDI is allowed in Insurance Sector in India?

A. 26% B. 94% C. 51% D. 49% Answer: D

Q14. What is ‘first I’ stand for in the FII ?

A. Index B. Institutional C. Investors D. Indirect Answer: B

Q15. How many member nations are there in the Bank for International Settlements (BIS)?

A. 60 B. 80 C. 100 D. All the members of World Bank Answer: A

Q16. When was the first Basel norm introduced Basel Committee on Banking Supervision (BCBS)?

A. 1988 B. 1991 C. 2000 D. 2005 Answer: A

Q17. Which of the following is the oldest stock exchange of Asia?

A. NSE B. Hang Seng Index C. Nikkei 225 D. BSE Answer: D

Q18. What is ‘B’ stand for in the FIPB which is a term related to FDI?

A Bank B Bureau C Board D Base Answer: C

Q19. What is the ceiling limit of FII of paid-up capital of an Indian company(excluding PSU Banks)?

A. 24% B. 20% C. 49% D. 30% Answer: A

Q20. Nikkei 225 is a famous stock exchange of which of the following country?

A. South Korea B. Japan C. Hong Kong D. China Answer: B

Q21. The Reserve Bank of India has imposed a collective penalty of Rs 12 crore on 8 public sector banks. Bank of Baroda, Bank of India, Indian Overseas Bank and United Bank of India have been imposed with a penalty of-?

A. Rs 5 crore B. Rs 50 crore C. Rs 20 crore D. Rs 1.5 crore Answer: D

Q22. The Reserve Bank of India will make available the NEFT system on a 24×7 basis from December 2019 as per the Payment System Vision 2021 document. What is the full form of NEFT?

A. National Electronic Funds Transaction B. National Electronic Funds Treaty C. National Electronic Funds Transfer D. National Electronic Financial Transfer Answer: C

Q23. Which card has announced the launch of Identity Check Express, a next-generation, mobile-first authentication solution that aims to redefine the e-commerce journey for Indian consumers?

A. RuPay B. Mastercard C. Visa D. Maestro Answer: B

Q24. In its 3rd Bi-monthly Monetary Policy Committee meeting, RBI has reduced the real GDP growth for 2019-20 from 7% to-?

A. 6.9% B. 6.7% C. 8.6% D. 9.8% Answer: A

Q25. United Bank of India is an Indian government-owned bank headquartered in-?

A. Chennai B. Kolkata C. Mumbai D. New Delhi Answer: B

Q26. If an organization is unable to pay debt then this condition is known as___________.

A Liquidation B Fraud C Bankruptcy D Depression Answer: C

Q27. _____rate is the main tool to Control Money Supply.

A. Repo Rate B. Bank Rate C. Reverse Repo D. MSF Answer: A

Q28. CTS stands for__________.

A. Cheque Traveller System B. Cheque Transfer System C. Cheque Truncation System D. Cheque Teminology System Answer: C

Q29. Regional Rural Banks were established in the year ______.

A. 1968 B. 1970 C. 1975 D. 1977 Answer: C

Q30. The credit-deposit ratio of __________is highest in the banking sector.

A. Foreign Banks B. Regional Rural Bank C. Public Sector Bank D. private sector Bank Answer: A

Q1. According to the data from BSE which of the following bank beat india’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country?

A. Axis Bank B. Yes Bank C. HDFC Bank D. Kotak Mahindra Bank Ltd Answer: D

Q2. _________ remained country’s most valuable bank with a market capitalisation of Rs5.04 trillion.

A. Yes Bank B. HDFC Bank C. Axis Bank D. Kotak Mahindra Bank Ltd Answer: B

Q3. Which of the following bank launched new products such as pre-approved credit card and UPI solution to mark its 124th foundation day?

A. ICICI Bank B. Yes Bank C. Axis Bank D. Punjab National Bank Answer: D

Q4. National E-Repository Limited (NERL), a group company of National Commodity and Derivatives Exchange Limited (NCDEX ), has brought in which of the following banks on board as the repository participants for pledge finance?

A. Axis Bank and Yes Bank B. ICICI Bank and Axis Bank C. Yes Bank and ICICI Bank D. ICICI Bank and HDFC Bank Answer: D

Q5. What is the abbreviation of D in WDRA?

A. Direction B. Deployment C. Development D. Derivatives Answer: C

Q6. The Reserve Bank of India tightened reporting norms for the LRS under which an individual can transfer up to USD 2,50,000 abroad in a year. What is the abbreviation of LRS?

A. Latent Rating Schedule B. Liberalised Remittance Scheme C. Liberalised Remittance Schedule D. Liberalised Rating Scheme Answer: C

Q7. The World Bank has approved ______ mn to expand the use of clean renewable energy in rural areas of Bangladesh where grid electricity cannot reach easily.

A. 55 B. 50 C. 53 D. 59 Answer: A

Q8. Who is the president of World Bank?

A. Jim Yong Kim B. Ashwani Kumar C. Lewis Preston D. Robert B. Zoellick Answer: A

Q9. Jammu and Kashmir Bank has launched a special financing scheme named ________ to help the state industry cope with the delay in reimbursement of GST under special tax relief?

A. ‘Add-out Weakened Capital GST' B. ‘Add-on Weakened Council GST' C. ‘Add-on Working Capital GST' D. ‘Add-on Working Council GST' Answer: C

Q10. Which of the following bank becomes the first foreign bank in the UK to ringfence its retail division from its wholesale business?

A. State Bank of India B. Syndicate Bank C. HSBC D. UCO Bank Answer: A

Q11. The State Bank of India will be investing a total of Rs ______ billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities.

A. 85 B. 80 C. 70 D. 79 Answer: B

Q12. Deutsche Bank AG named Christian Sewing as the Chief Executive officer of the Bank. He has replaced ________.

A. John Cryan B. Garth Ritchie C. Melwyn Rego D. Pawan Kumar Bajaj Answer: A

Q13. Where is the headquarters of Deutsche Bank ?

A. Berlin , Germany B. Munich , Germany C. Sydney , Australia D. Frankfurt, Germany Answer: D

Q14. Private sector lender IndusInd Bank has received RBI’s approval to buy the securities services arm of IL&FS.What is the abbrfeviation of IL & FS?

A. Infrastructure Leasing and Financial Services B. Infrastructure Lacting and Financial Services C. Infrastructure Leasing and Functional Services D. Infrastructure Laser and Functional Services Answer: A

Q15. Asian Development Bank is headquartered in _______.

A. Cebu , Philipines B. Berlin , Germany C. Manila , Philipines D. Canbera , Australia Answer: C

Q16. Who has the sole rights to appoint Banking Ombdusman?

A. Finance Secretary B. Bank’s MD and CEO C. Reserve Bank of India D. Government of India Answer: C

Q17. When a person avails loan from a bank, he will be given a repayment holiday, which is referred as

A. Discount B. Concession C. Moratorium D. Subsidy Answer: C

Q18. Who fixes the interest on Savings Deposit?

A. Reserve Bank of India B. Government of India C. Respective Banks D. Finance Minister Answer: C

Q19. The Holidays of the Banks are declared as per

A. Banking in India Act B. Reserve bank of India Act C. Negotiable Instruments Act D. Banking Regulations Act Answer: C

Q20. The RBI regulates the Commercial Banks in matters of

A. Mergers of Banks B. Branch Expansion C. Liquidity of assets D. All the above Answer: D

Q21. In India, the currency notes and coins of one rupee and lower denomination are issued by

A. Reserve Bank of India B. Ministry of Finance C. Indian Government D. None of the above Answer: B

Q22. In Indian Economy, which of the following is also called Narrow Money?

A. M1 B. M2 C. M3 D. M4 Answer: A

Q23. Brent Index is associated with which one of the following?

A. Inflation B. Crude Oil Price C. Gold Price D. Export Rate Index Answer: B

Q24. The custodian of FOREX Reserve of GOI is

A. IRDA B. SEBI C. RBI D. PFRDA Answer: C

Q25. The total amount of money available in an economy at a specific time is known as

A. Hard Money B. Soft Money C. Near Money D. Money Stock Answer: D

Q26. The validity of Stale Cheque is for _____months. If cheque is not presented within the _____months, it got expired and becomes the Stale Cheque.

A. 3.5 months B. 3 months C. 4 months D. 6 months Answer: B

Q27. Stale cheque is also known as_________.

A. Matured Cheque B. Outdated Cheque C. Old Cheque D. Sleepery Cheque Answer: B

Q28. ______are debt instruments which allow the companies or government to raise funds only by incurring debt and lender is guaranteed of a fixed repayment (Principle and Interest.

A. Bonds B. Debentures C. Shares D. All of The Above Answer: A

Q29. _______ATMs are owned and maintained by service provider whereas bank whose brand is used on ATM takes care of cash management and network connectivity.

A. White Label B. Brown Label C. Online ATM D. Stand Alone ATM Answer: B

Q30. Off – site ATMs could be installed in___________.

A. Shopping Malls and Shopping Markets Only B. Airports C. Hospitals and Business Areas Only D. All of The Above Answer: D

Q1. The Edelweiss Housing Finance Ltd (EHFL) announced a strategic agreement with which bank for co-lending of home loans to self-employed entrepreneurs and salaried customers?

A. Bank of Baroda B. IDBI Bank C. SBI D. Canara Bank Answer: A

Q2. Where is the HQ of Aditya Birla Finance Limited?

A. Kolkata B. Chennai C. New Delhi D. Mumbai Answer: D

Q3. India and Asian Development Bank signed how much amount of loan to strengthen power connectivity between southern and northern parts of Chennai-Kanyakumari Industrial Corridor (CKIC)?

A. $451 million B. $500 million C. $555 million D. $650 million Answer: A

Q4. Ashok Leyland signed agreement with which bank for vehicle financing?

A. ICICI Bank B. HDFC Bank C. PNB D. IDBI Bank Answer: A

Q5. Where is the HQ of ICICI Bank?

A. Chennai B. Delhi C. Mumbai D. Pune Answer: C

Q6. U GRO Capital, a tech-enabled lender to small businesses, has signed a loan co-origination partnership with which bank to offer credit at a competitive rate of interest?

A. SBI B. Indian Bank C. IDBI Bank D. Allahabad Bank Answer: A

Q7. At how much percent India GDP will grow in FY 20 according to India. Ratings and research?

A. 5.4% B. 5.6% C. 4.8% D. 4.6% Answer: B

Q8. As per the SBI report, India’s GDP likely to grow at how much percent for FY 2019-20?

A. 4.8% B. 6.6% C. 5% D. 5.3% Answer: C

Q9. Which bank has signed a loan agreement with KfW, the German development bank, for 277 million dollars (about Rs 1,958 crore) for establishing an energy-efficient housing program in India?

A. IOB B. PNB C. IDBI D. SBI Answer: D

Q10. Where is the HQ of kFW Development Bank?

A. Paris B. Frankfurt C. Stockholm D. New York Answer: B

Q11. Which company becomes the most valuable listed company in history?

A. Google B. Microsoft C. Ali Baba D. Saudi Armaco Answer: D

Q12. What edition of the Economic Census which is the first digital census was launched in New Delhi on December 13th, 2019?

A. 4th B. 5th C. 6th D. 7th Answer: D

Q13. Union Home Ministry has sanctioned a sum of rupees _________from Nirbhaya Fund for setting up and strengthening of Women Help Desks in Police Stations of States and Union Territories (UT).

A. 200 Crore B. 300 Crore C. 100 Crore D. 500 Crore Answer: C

Q14. National Thermal Power Corporation Limited (NTPC) has signed a term loan agreement for Rs. ________ with State Bank of India?

A. Rs 10000 Crore B. Rs 8000 Crore C. Rs 6000 Crore D. Rs 5000 Crore Answer: D

Q15. Union Home Ministry has sanctioned a sum of rupees___________ from Nirbhaya Fund for setting up and strengthening of Women Help Desks in Police Stations of States and Union Territories (UT).

A. 200 Crore B. 300 Crore C. 100 Crore D. 500 Crore Answer: C

Q16. Name the company which has won the awards for the 'Most Innovative Payment Start-up' and 'Most Innovative Fintech Product' for its neo-banking product.

A. Paytm B. Bharat Pay C. Google Pay D. RazorpayX Answer: D

Q17. What are the current foreign exchange (Forex) reserves of India?

A. $441.7 billion B. $431.7 billion C. $490.7 billion D. $451.7 billion Answer: D

Q18. Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) has committed to invest up to how much money in National Investment and Infrastructure Fund (NIIF)?

A. $600 million B. $300 million C. $600 million D. $6 billion Answer: A

Q19. Standard and Poor’s rating agency has reaffirmed the sovereign credit Rating of India at BBB, which shows India as a ______.

A. Negative outlook B. Stable outlook C. Unstable outlook D. Recession Answer: B

Q20. As per the National Statistical Office (NSO) survey the literacy rate in the age group of seven years and above was recorded at _______ during July 2017-June 2018 in India.

A. 71.5% B. 75.4% C. 77.7% D. 79.5% Answer: C

Q21. Which of the following organizations has approved the second tranche of a loan of $150 million for West Bengal to boost capital investment and infrastructure in the state?

A. World Bank B. International Monetary Fund (IMF) C. Asian Infrastructure Investment Bank (AIIB) D. Asian Development Bank (ADB) Answer: D

Q22. Who is appointed as an Additional Director of Dhanlaxmi Bank?

A. Girish Chandra Chaturvedi B. Rakesh Makhija C. Rajesh Puri D. V Viswanathan Answer: D

Q23. Which General Insurance Company has launched My: health Woman Suraksha policy?

A. ICICI Prudential B. Life Insurance Corporation C. HDFC ERGO D. SBI LIFE Answer: C

Q24. As per the new guidelines of the Reserve Bank of India for ‘on tap’ Licensing of Small Finance Banks (SFBs) in the Private Sector, what is the minimum paid-up capital for setting up an SFBs?

A. 100 crore B. 150 crore C. 200 crore D. 250 crore Answer: C

Q25. As per the fifth bi-monthly monetary policy announced by the Reserve Bank of India (RBI) which of the following is repo rate and reverse repo rate under the liquidity adjustment facility?

A. 5.25%, 4.85% B. 5.45%, 4.15% C. 5.15%, 4.90% D. 5.35, 4.75% Answer: C

Q26. On November 20, 2019, the Union Cabinet has approved the strategic disinvestment for how many Central Public Sector Enterprises?

A. Four B. Five C. Six D. Seven Answer: B

Q27. On 20th November 2019, the Reserve Bank of India (RBI) has superseded the board of which of the following housing finance companies as it "intends to shortly" initiate the process of insolvency?

A. Dewan Housing Finance Corporation Limited (DHFL) B. HDFC Housing Finance C. Indiabulls Housing Finance Limited D. L& T Housing Finance Limited Answer: A

Q28. The Reserve Bank of India has increased the household income limits for borrowers of Non-Banking Financial Companies (NBFCs) and microfinance institutions (MFIs) from 1 lakh to ____.

A. 1.25 lakh rupees. B. 1.50 lakh rupees. C. 1.75 lakh rupees. D. 2.00 lakh rupees. Answer: A

Q29. Which of the following insurance companies has launched ‘Farmitra’ mobile app?

A. New India Assurance Company Limited B. United India Insurance Company C. Life Insurance of India D. Bajaj Allianz General Insurance Answer: D

Q30. Name the product that has been allocated a separate Harmonized System (HS) code by the Union Government to give an impetus to the export of it?

A. Gems & Jewelry B. Cotton Fabrics C. Khadi D. Pharmaceuticals Answer: C

Q1. The Asian Development Bank (ADB) and the Government of India has signed a $490 million loan to upgrade about 1,600 km of state highways and major district roads in the state of-?

A. Sikkim B. Madhya Pradesh C. West Bengal D. Kerala Answer: B

Q2. Union Government informed that loans worth over ___________ crore rupees have been sanctioned till 1st November this year under the Pradhan Mantri Mudra Yojana.

A. Rs 25 lakh B. Rs 20 lakh C. Rs 50 lakh D. Rs 10 lakh Answer: D

Q3. The Reserve Bank of India (RBI) has waived NEFT, RTGS transfer charges for savings account holders. The new rule will be effective from-?

A. 01st January 2020 B. 01st April 2020 C. 01st July 2020 D. 01st October 2020 Answer: A

Q4. Which of the following bank has signed a loan agreement worth of $277 million (about Rs 1,958 crore) with Kreditanstalt für Wiederaufbau (KfW) development bank for establishing an energy-efficient housing programme in India?

A. Indian Bank B. United Bank of India C. Bank of Baroda D. State Bank of India Answer: D

Q5. The Indian Council of Agricultural Research (ICAR) and _________________ signed a Memorandum of Understanding (MoU) to promote sustainable agriculture and climate-resilient farming systems recently.

A. IRDAI B. SEBI C. NABARD D. TRAI Answer: C

Q6. Investor Education & Protection Fund Authority (IEPFA) works under the Ministry of Corporate Affairs has signed a Memorandum of Understanding (MOU) with _____________ to spread customer awareness and investor education and reaching out to investors and stakeholders.

A. State Bank of India B. Punjab National Bank C. United Bank of India D. Bank of Baroda Answer: D

Q7. National Thermal Power Corporation Limited has signed a term loan agreement for ________________ with State Bank of India recently.

A. Rs. 5,000 crore B. Rs. 10,000 crore C. Rs. 17,000 crore D. Rs. 1,000 crore Answer: A

Q8. Shaktikanta Das is the _____________ governor of the Reserve Bank of India.

A. 24th B. 23rd C. 25th D. 27th Answer: C

Q9. Harsh Kumar Bhanwala is the present Chairman of-?

A. TRAI B. SEBI C. RBI D. NABARD Answer: D

Q10. Where is the headquarters of KfW Bank?

A. New York, USA B. Frankfurt, Germany C. Rome, Italy D. London, UK Answer: B

Q11. State Bank of India was founded on-

A. 01st January 1955 B. 01st September 1955 C. 01st July 1955 D. 01st April 1955 Answer: C

Q12. The Online trucking platform ______________ has partnered with private lenders IDFC Bank and Yes Bank to provide FASTags to truck owners free of cost.

A. BSNL B. Paytm C. Bharti Airtel D. BlackBuck Answer: D

Q13. The National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) have agreed for CPPIB to invest up to _________ million through the NIIF Master Fund.

A. $600 million B. $400 million C. $100 million D. $800 million Answer: A

Q14. Name the bank which has partnered with the Walmart India to launch a co-branded credit card exclusively for members of its Best Price Modern Wholesale “B2B Cash & Carry” stores, offering “free credit up to 50 days.

A. Kotak Mahindra Bank B. ICICI Bank C. Bank of Baroda D. HDFC Bank Answer: D

Q15. Who is present non-executive Chairman of Bank of Baroda?

A. Rajnish Kumar B. Hasmukh Adhia C. PS Jayakumar D. Anshula Kant Answer: B

Q16. LEI India Limited is Wholly Owned Subsidiary of-

A. Clearing Corporation of India Limited B. Bharatiya Reserve Bank Note Mudran Private Limited C. Small Industries Development Bank of India D. Securities and Exchange Board of India Answer: A

Q17. What is the Full form of BIRD?

A. Bankers Institute of Rural Development B. Banking Institute of Rural Development C. Banker Institution of Regional Development D. The bank is the Institute of Regional Development Answer: A

Q18. Where first Agriculture University of India was established?

A. Delhi B. Pantnagar C. Kanpur D. Naini, Allahabad Answer: B

Q19. How many lending Nations formed the ‘Aid India Club’ to help India out of her foreign exchange difficulties?

A. 14 B. 12 C. 10 D. 88 Answer: B

Q20. The new MD and CEO of Credit Information Bureau India Ltd (CIBIL) is:

A. Rakesh Sharma B. Sathis Pillai C. Aditya Puri D. P.G. Jaya Kumar Answer: B

Q21. Financial regulation of RRBs seen after by ……………

A. RBI B. SEBI C. PFRDA D. NHB Answer: A

Q22. State government stake in the RRB is ………..

A. 50 B. 35 C. 15 D. 14 Answer: C

Q23. Who is the Managing Director of Exim Bank?

A. S. S. Mallikarjuna Rao B. Arundhati Bhattacharya. C. Hasmukh Adaia D. Sunil Mehta Answer: A

Q24. Where is the headquarters of BIRD?

A. Bangalore B. New Delhi C. Mumbai D. Lucknow Answer: D

Q25. Central government stake in the RRB is ………..

A. 50 B. 35 C. 15 D. 14 Answer: A

Q26. When RBI desires to encourage the banking system to create more credit in periods of depression, it

A. Allows market forces to decide the bank rate B. Raises the bank rate C. Reduces the bank rate D. All the above Answer: C

Q27. Which of these instruments are used to control the money flow in the economy?

A. Open Market Operations B. Bank Rate Policy C. Statutory Liquidity Ratio D. All of these Answer: D

Q28. The final authority to decide the design, form and material of the bank notes is vested with

A. RBI B. Central Government C. Note Issuing Authority of India D. Indian Banks Association Answer: B

Q29. _____________ is an indigenous bank aimed at catering banking needs of local, area specific requirement.

A. Local Area Banks B. Industrial Banks C. Small Finance Banks D. Lead Banks Answer: A

Q30. The Central Office of the Reserve Bank was permanently moved to Mumbai in which year?

A. 1940 B. 1937 C. 1942 D. 1939 Answer: B

Q1. Inflation is measured by which index in India?

A. Wholesale Price Index B. Consumer Price Index C. Index of Agricultural Production D. National Domestic Product Answer: B

Q2. Which of the following activity does not come under Para Banking Services?

A. Insurance B. Portfolio Management C. Mutual Fund Business D. Giving credit Answer: D

Q3. Who among the following has an option to open a Non-Resident Ordinary Rupee (NRO) account?

A. A non-resident of India (NRI) B. Person of Indian Origin (PIO) C. Overseas Citizen of India (OCI) D. All the above Answer: D

Q4. The loans taken from a lender and has to be repaid after a fixed interval of time are called:

A. Formal sector loans B. Informal sector loans C. General loans D. Commercial loans Answer: C

Q5. What is the highest rate of GST?

A. 15% B. 12% C. 30% D. 28% Answer: D

Q6. What is the maximum amount that can be transferred through the Aadhaar Enabled Payment System (AEPS) per account per day?

A. Rs. 25000 B. Rs. 20000 C. Rs. 15000 D. Rs. 50000 Answer: D

Q7. In banking parlance, CDS stands for ________.

A. Corporate Debt Swap B. Corporate Dilution Scheme C. Credit Default Swap D. Credit Delivery Scheme Answer: C

Q8. Which among the following determines the ability of any organization to meet the financial losses?

A. Liquidity Ratio B. Investment Ratio C. Leverage Ratio D. Transfer Ratio Answer: C

Q9. Who among the following is regarded as the ‘Father of Microfinance’?

A. Muhammad Yunus B. Raghuram Rajan C. Amartya Sen D. Paul Krugman Answer: A

Q10. PAN card totally consists of _______ characters.

A. 8 B. 7 C. 9 D. 10 Answer: D

Q11. Who is the current President of World Bank?

A. Raghuram Rajan B. David R. Malpass C. Kristian Georgieva D. Christine Lagarde Answer: B

Q12. Which of the following country is not a member of BRICS?

A. China B. South Africa C. India D. Srilanka Answer: D

Q13. What is the GST tax rate for Electric Vehicles?

A. 5% B. 10% C. 12% D. 18% Answer: A

Q14. How much loan has India secured from Germany to establish an energy-efficient housing programme in the country?

A. Rs. 1,500 crore B. Rs. 1,900 crore C. Rs. 1,400 crore D. Rs. 1,300 crore Answer: B

Q15. When the first Indian Economic Census was started?

A. 1975 B. 1970 C. 1980 D. 1977 Answer: D

Q16. Recently, State Bank of India has announced a reduced 1-year marginal cost-based lending rates (MCLR) by _________.

A. 5 bps B. 7.5 bps C. 10 bps D. 15 bps Answer: C

Q17. Recently, Reserve Bank has increased the household income limits for borrowers of Non-Banking Financial Companies (NBFCs) and microfinance institutions (MFIs) from 1 lakh to __________.

A. Rs. 1.20 lakh B. Rs. 1.25 lakh C. Rs. 1.50 lakh D. Rs. 1.75 lakh Answer: B

Q18. The best indicator of economic development of any country is:

A. Its agriculture B. Its transport C. Its gross production D. Its per capita income Answer: D

Q19. Recently, the Reserve Bank has imposed how much fine of on prepaid payment instrument Oxigen Services for non-compliance of regulatory guidelines?

A. Rs. 1.5 lakh B. Rs. 2 lakh C. Rs. 4 lakh D. Rs. 5 lakh Answer: D

Q20. Which of the following scheme was formulated by RBI?

A. Banking Ombudsman Scheme B. Jan Dhan Yojana C. MUDRA Bank Yojana D. Boutique Financing Scheme Answer: A

Q21. Cheques that are issued by a bank and function as cash but are protected against loss or theft are called-

A. Traveler’s Cheque B. Negotiable Cheque C. Crossed Cheque D. Special Cheque Answer: A

Q22. Which committee is related to the estimation of poverty in India?

A. Chandra Shekhar Committee B. Suresh Tendulkar Committee C. Abid Hussain Committee D. Ajit Kumar Committee Answer: B

Q23. Which committee is related to NPA?

A. Sunil Mehta Committee B. L. K Jha Committee C. Mahalanobis Committee D. Rao Committee Answer: A

Q24. From which year RBI has asked banks to comply with KYC guidelines?

A. 2000 B. 2002 C. 2005 D. 2007 Answer: B

Q25. Recently, India has announced India a line of credit of approx _________ as financial assistance to Sri Lanka.

A. Rs. 4,450 crore B. Rs. 3,230 crore C. Rs. 7,854 crore D. Rs. 800 crore Answer: B

Q26. How much loan the Asian Development Bank (ADB) will provide for the Chennai- Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu?

A. $238 million B. $451 million C. $672 million D. $800 million Answer: B

Q27. “Mukhya Mantri Kanya Sumangala Yojana” will provide Rs 15,000 to every family where a girl child is born. This scheme is launched by which state?

A. Uttarakhand B. Bihar C. Odisha D. Uttar Pradesh Answer: D

Q28. Which of the following organization has launched the ‘Green Bond’ fund for central banks to promote green finance?

A. International Monetary Fund (IMF) B. Bank of International Settlements (BIS) C. World Bank (WB) D. Asian Development Bank (ADB) Answer: B

Q29. Pradhan Mantri Shram Yogi Mandhan is a social welfare scheme. How much minimum assured pension the subscriber will receive after attaining the age of 60 years?

A. Rs. 4,000 B. Rs. 2,000 C. Rs. 3,000 D. Rs. 5,000 Answer: C

Q30. In which year the South Africa was invited to join BRIC?

A. 2008 B. 2009 C. 2010 D. 2011 Answer: C

Q1. The first attempt to calculate National Income of India was made by ______________ in 1867 -68.

A. Gopal Krishna Gokhale B. Justice Ranade C. Dadabhai Naroji D. P.C. Mahalanobis Answer: C

Q2. What does MIGS stands for?

A. Minimum Income Group Scheme B. Middle Income Group Scheme C. Middle Incentive Group Scheme D. Minimum Incentive Group Scheme Answer: B

Q3. In which state is the Chamera Hydro Electric Project located?

A. Punjab B. Maharashtra C. Gujarat D. Himachal Pradesh Answer: D

Q4. In which state is the Chamera Hydro Electric Project located?

A. Punjab B. Maharashtra C. Gujarat D. Himachal Pradesh Answer: B

Q5. The World Bank Group is an extended group of _____ international organizations.

A. Six B. Five C. Ten D. Nine Answer: B

Q6. Bank of the Republic is the central bank of which of the following country?

A. Nigeria B. Columbia C. America D.Fiji Answer: A

Q7. The New Development Bank (NDB) is also known as ____________.

A. BRICS Development Bank B. Asian Development Bank C. New Bank D. Asia-Pacific Bank Answer: A

Q8. Reverse Repo rate is decided by _______.

A. Reserve Bank of India B. State Bank of India C. Central Bank of India D. Finance Ministry Answer: A

Q9. Where is the headquarters of ICICI Prudential Mutual Fund located?

A. Mumbai B. New Delhi C. Kolkata D. Chennai Answer: D

Q10. Life insurance in India was completely nationalized on _________, through the Life Insurance Corporation Act.

A. 19 January 1955 B. 19 January 1957 C. 19 January 1958 D. 19 January 1956 Answer: D

Q11. As per SEBI, in how many days all listed companies will have to be disclosed any default of payments of interest or principal on loans taken from financial institutions, including banks?

A. 40 days B. 50 days C. 60 days D. 30 days Answer: D

Q12. What is the rank of India in 2019 Global Terrorism Index released by the Sydney-based Institute for Economics and Peace?

A. 10th B. 7th C. 5th D. 6th Answer: B

Q13. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is run by____________

A. RBI B. NABARD C. SEBI D. SIDBI Answer: D

Q14. Vijay Shekhar Sharma is the founder of which bank/organization?

A. Kotak Mahindra Bank B. Paytm C. Uber D. Airtel Payment Bank Answer: B

Q15. Where is the headquarters of Ujjivan Small Finance Bank Limited located?

A.Thrissur B. Ahmadabad C. Kolkata D. Bangalore Answer: D

Q16. Deutsche Bank AG is a _________ multinational investment bank and financial services company.

A. Japanese B. American C. Russian D. German Answer: D

Q17. Pradhan Mantri Shram Yogi Mandhan is a social welfare scheme. How much minimum assured pension the subscriber will receive after attaining the age of 60 years?

A. Rs. 4,000 B. Rs. 2,000 C. Rs. 3,000 D. Rs. 5,000 Answer: C

Q18. Which Bank has topped the RRBs in terms of achievement of Rupay Card transaction targets (POS and eCOM)?

A. Delhi Gramin Bank B. Assam Gramin Bank C. J&K Gramin Bank D. Manipur Gramin Bank Answer: C

Q19. Which of the following banks is not a nationalized bank?

A. Syndicate bank B. Axis Bank C. Central Bank of India D. Bank of Maharashtra Answer: B

Q20. What is an Open Market Operation?

A. It is the release of funds by RBI in Open Market B. It is a standby facility to banks by RBI for infusion of liquidity C. It is buying or selling of government bonds in the open market by Central Bank to inject or suck liquidity from the system D. All of the above Answer: C

Q21. Cheques that are issued by a bank and function as cash but are protected against loss or theft are called-

A. Traveler’s Cheque B. Negotiable Cheque C. Crossed Cheque D. Special Cheque Answer: A

Q22. How many shares will the Kerala-based private sector lender CSB Bank put up for sale?

A. 10 million shares B. 5 million shares C. 19 million shares D. 21 million shares Answer: D

Q23. Which of the following bank has reduced the interest rate on its savings account for balances below ₹1 lakh to 3.25% from 3.5% from November 1?

A. HDFC Bank B. Indian Bank C. Axis Bank D. State Bank of India Answer: D

Q24. Recently, which of the following state government has announced a relief package of 3,795 crore rupees for farmers who suffered crop loss due to unseasonal rains?

A. Gujarat B. Uttar Pradesh C. Andhra Pradesh D. Maharashtra Answer: A

Q25. Recently, India has announced India a line of credit of appx __________ as financial assistance to Sri Lanka.

A. Rs. 4,450 crore B. Rs. 3,230 crore C. Rs. 7,854 crore D. Rs. 800 crore Answer: B

Q26. With which Bank did BlackBuck partner to provide FASTags to truck owners free of cost?

A. PNB, ICICI Bank B. ICICI, Axis Bank C. IDFC Bank, Yes Bank D. HDFC Bank, Digibank Answer: C

Q27. What is the interest rate of five years Senior Citizen Savings Scheme (SCSS) as per the circulation of Union Ministry of Finance from 1st October 2019?

A. 8.6 % B. 8.5 % C. 7.9 % D. 8.2 % Answer: A

Q28. Which bank has appointed S. S. Mallikarjuna Rao as its Managing Director (MD) and Chief Executive Officer?

A. Bank of Baroda (BoB) B. State Bank of India (SBI) C. Canara Bank D. Punjab National Bank (PNB) Answer: D

Q29. Which of the following can be crossed? a. Cheque b. Demand draft c. Bill of exchange d. Promissory note

A. Only a B. Only b C. Only a and b D. Only a and d Answer: C

Q30. If a person is purchasing shares in the hope of the raising of the value of shares in the future market, this type of market is called:

A. High market B. Bull market C. Bear Market D. Dear Market Answer: C

Q1. To create awareness among investors and other stakeholders the Investor Education & Protection Fund Authority (IEPFA) signed a MoU with which Bank?

A. Bank of India B. Indian Bank C. Union Bank of India D. Bank of Baroda Answer: D

Q2. As per the new guidelines of the Reserve Bank of India for ‘on tap’ Licensing of Small Finance Banks (SFBs) in the Private Sector after how many years of operation a Payments Bank can apply for SFB license?

A. 5 years B. 7 years C. 8 years D. 10 years Answer: A

Q3. On December 04, 2019, Indian Prime Minister Mr. Narendra Modi Launched RuPay Card in which of the following countries via video conferencing?

A. Oman B. Maldives C. Sri Lanka D. Mauritius Answer: B

Q4. Which of the following health insurance companies has an innovative Cancer Protect Cover health insurance plan in partnership with MobiKwik?

A. Apollo Munich Health Insurance B. Aditya Birla Health Insurance Co. Limited C. HDFC ERGO General Insurance company Ltd D. ICICI Lombard General Insurance Company Limited Answer: B

Q5. On which of the following banks the Reserve Bank of India has imposed a monetary penalty of Rs. 1.50 crore for non-compliance with certain provisions of directions issued by RBI?

A. Bank of Baroda B. Canara Bank C. Union Bank D. Corporation Bank Answer: D

Q6. The RBI expanded the scope of SNRR account by permitting non-residents to open such accounts for rupee-denominated overseas borrowings, trade credit and trade invoicing for popularising cross-border transactions in the domestic currency. What does ‘S’ stand for in SNRR?

A. Special B. Sovereign C. Security D. Subsidy Answer: A

Q7. On November 26, 2019 India Ratings and Research, the Indian subsidiary of Fitch group, has revised the Gross Domestic Product (GDP) of India estimate for the financial year 2019-20 to ______.

A. 5.2% B. 5.6% C. 5.9% D. 6.2% Answer: B

Q8. With which of the following countries India has signed Double Taxation Avoidance Agreement (DTAA) on November 27, 2019?

A. Germany B. Saudi Arabia C. Sri Lanka D. Chile Answer: D

Q9. On November 23, 2019, India First Life Insurance, a leading life insurance company in India has partnered with which financial services provider, for distribution and marketing of ‘insurance khata’?

A. Spice Money B. Power Finance Corporation Limited C. Muthoot Finance Ltd D. HDB Finance Services Answer: A

Q10. Name the Non-Banking Finance Company (NBFC) which has acquired the Mutual Fund (MF) business worth Rs. 215 crores of IDBI Bank?

A. Muthoot Finance B. Bajaj Finserv Ltd. C. Mahindra & Mahindra Financial Services Limited. D. Power Finance Corp Answer: A

Q11. On November 20, 2019, the Union Cabinet has approved the strategic disinvestment for how many Central Public Sector Enterprises?

A. Four B. Five C. Six D. Seven Answer: B

Q12. On 20th November 2019, the Reserve Bank of India (RBI) has superseded the board of which of the following housing finance companies as it "intends to shortly" initiate the process of insolvency?

A. Dewan Housing Finance Corporation Limited (DHFL) B. HDFC Housing Finance C. Indiabulls Housing Finance Limited D. L&T Housing Finance Limited Answer: A

Q13. The Ministry of Statistics and Programme Implementation (MOSPI) is considering changing of base year for GDP calculation from 2011-12 to ______

A. 2014-15 B. 2015-16 C. 2016-17 D. 2017-18 Answer: D

Q14. With effect from November 18, 2019, Sundaram BNP Paribas Home Finance renamed as _______.

A. BNP Paribas Home Finance B. Sundaram BNP Home Finance C. Home Finance of Sundaram D. Sundaram Home Finance Answer: D

Q15. ICICI Lombard has been partnering with which Payments Bank to offer non-life insurance solutions to its customers?

A. Airtel Payments Bank B. India Post Payments Bank C. Fino Payments Bank D. Jio Payments Bank Answer: C

Q16. According to data from the Reserve Bank of India (RBI), Non-Performing Assets (NPAs) for unrated loans has increased to ______ in 2018.

A. 14% B. 18% C. 24 % D. 28% Answer: C

Q17. What is the tagline of the Ujjivan Small Finance Bank ?

A. Serving you is our belief B. Chalo Aage Badhein' C. It’s Fun Banking D. We believe in your belief Answer: D

Q18. Which of the following online transactions fee of savings bank account will be not charged by Banks from January 2020?

A. Automated Teller Machine B. Unified Payments Interface (UPI) C. National Electronic Fund Transfer (NEFT) D. Real-time gross settlement (RTGS) Answer: C

Q19. On November 11, 2019, India’s central bank, the Reserve of India (RBI) has decided to withdraw some exemptions granted to______.

A. Non-Banking Finance Companies (NBFCs) B. Commercial Banks C. Housing Finance Companies (HFCs) D. Cooperative Banks (CBs) Answer: C

Q20. Which of the following insurance companies has launched ‘Farmitra’ mobile app??

A. New India Assurance Company Limited B. United India Insurance Company C. Life Insurance of India D. Bajaj Allianz General Insurance Answer: D

Q21. The Reserve Bank of India has relaxed the leverage ratio (LR) to _____________ for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks.

A. 4.75% B. 5.50% C. 4.50% D. 4.00% Answer: D

Q22. The Reserve Bank of India has advised all Scheduled Commercial Banks to adopt Education Loan Scheme, formulated by Indian Banks Association. In this scheme, the Collateral free loans uptoRs _______________ under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL).

A. Rs 10 Lakh B. Rs 7.5 Lakh C. Rs 15 Lakh D. Rs 20 Lakh Answer: B

Q23. CCI has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank recently. What is the full form of CCI?

A. Competition Commission of International B. Competition Commission of India C. Competition Corporation of India D. Central Commission of India Answer: B

Q24. In Union Budget 2018-19, the Government has made a commitment to the welfare of farmers and doubling farmers income by which year?

A. 2024 B. 2020 C. 2022 D. 2028 Answer: C

Q25. Three Public Sector Insurance companies will be merged into a single insurance entity. Which of the following is not them?

A. Oriental India insurance Co. Ltd B. United India Assurance Co. Ltd C. National Insurance Co. Ltd D. General Insurance Corporation of India Answer: D

Q26. Which section of the RBI allows the RBI to provide loans to banks and state financial corporations?

A. 17 B. 18 C. 19 D. 20 Answer: A

Q27. _____remained country’s most valuable bank with a market capitalisation of Rs 5.04 trillion.

A. Yes Bank B. HDFC Bank C. Axis Bank D. Kotak Mahindra Bank Ltd Answer: D

Q28. Who is the Managing Director of Exim Bank?

A. Robert B. Zoellick B. John Cryan. C. Lewis Preston D. Mr. David Rasquinha Answer: D

Q29. Where is the headquarters of Bandhan Bank?

A. Bangalore B. New Delhi C. Mumbai D. Kolkata Answer: D

Q30. How many sections are there in RBI Act 1934?

A. 61 B. 50 C. 51 D. 41 Answer: A

Q1. Which Bank has opened its Melbourne office and becoming the first Indian bank to have a branch in the Australian state of Victoria?

A. Union Bank of India B. State Bank of India C. Bank of Baroda D. Indian Bank Answer: B

Q2. Which of the following bank has launched the ‘Express FD’, a digital fixed deposit (FD) product that allows a customer to open an FD account in 3 minutes through the digital mode without opening a savings account with the bank?

A. HDFC Bank B. Yes Bank C. Kotak Mahindra Bank D. Axis Bank Answer: D

Q3. Which Bank has launched three new digital products called, UCash, Digilocker and an app in Kolkata?

A. UCO Bank B. Allahabad Bank C. United Bank of India D. Canara Bank Answer: A

Q4. ___________________ has given the go-ahead to the Kerala government to amalgamate 13 district cooperative banks (DCBs) with the Kerala State Cooperative Bank to form the proposed “Kerala Bank”.

A. SEBI B. NABARD C. Finance Ministry D. RBI Answer: D

Q5. Who is present Chairperson of State Bank of India?

A. Harsh Kumar Bhanwala B. Urjit Patel C. Rajnish Kumar D. Arundhati Bhattacharya Answer: C

Q6. Amitabh Chaudhry is the Managing Director (MD) and Chief Executive Officer of which bank?

A. HDFC Bank B. Yes Bank C. Kotak Mahindra Bank D. Axis Bank Answer: D

Q7. Reliance Mutual Fund has been renamed as “Nippon India Mutual Fund“. The organization was renamed following the purchase of ________________ stake in Reliance Nippon Life Asset Management by Nippon Life Insurance.

A. 26% B. 10% C. 99% D. 75% Answer: D

Q8. Which company has been selected as the main supplier to deliver Volvo Cars’ digital transformation services for its enterprise digital commercial operations applications and products?

A. RIL B. Tech Mahindra C. Infosys D. TCS Answer: C

Q9. The Reserve Bank of India has rejected the merger proposal of Indiabulls Housing Finance and Lakshmi Vilas Bank. Where is the registered office of Indiabulls Housing Finance?

A. Bengaluru B. Gurugram C. Kolkata D. Mumbai Answer: B

Q10. Which of the following International Organisation will provide a $451 million (about Rs 3,200 crore) loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu?

A. Asian Development Bank B. International Monetary Fund C. Asian Infrastructure Investment Bank D. World Bank Answer: A

Q11. The Export-Import (Exim) Bank has provided a USD 30 million (about Rs 210 crore) line of credit to _______________ for a potable water project in the country.

A. Uganda B. Peru C. Angola D. Ghana Answer: D

Q12. Muthoot Finance Ltd, the largest gold loan non-banking finance company in the country, entered into a definitive agreement to acquire IDBI Asset Management Ltd and IDBI Mutual Fund Trustee Company Ltd. Muthoot Finance Ltd based in-?

A. Kochi B. Bengaluru C. Chennai D. Hyderabad Answer: A

Q13. Which company is the first Indian company to cross Rs.10 lakh crore in market capitalization (m-cap)?

A. Infosys B. Tech Mahindra C. RIL D. TCS Answer: C

Q14. Non-bank lender ___________________ became the first company to list its commercial papers borrowing of Rs 100 crore on the bourses.

A. Capital First Ltd B. Bajaj Finserv Ltd C. Muthoot Financial D. Aditya Birla Finance Answer: D

Q15. Export–Import Bank of India is a finance institution in India, established in _________________ under Export-Import Bank of India Act 1981.

A. 1956 B. 1982 C. 1988 D. 1990 Answer: B

Q16. The International Finance Corporation (IFC), a unit of the World Bank Group has anchored an investment round of _________________ in Mahindra & Mahindra Financial Services Limited (MMFSL).

A. $100 million B. $500 million C. $200 million D. $1500 million Answer: C

Q17. Which of the following general insurance company has launched “my: health Woman Suraksha policy”, a comprehensive medical insurance scheme specially designed for women?

A. IFFCO Tokio General Insurance Company Limited B. ICICI Lombard General Insurance Company Limited C. Bajaj Allianz General Insurance D. HDFC ERGO general insurance Answer: D

Q18. National Stock Exchange has launched interest rate options on ___________ year government bonds.

A. 10 year B. 05 year C. 20 year D. 25 year Answer: A

Q19. Who is present President of World Bank group?

A. Antonio Guterres B. Kristalina Georgieva C. Jim Yong Kim D. David Malpass Answer: D

Q20. Where is the headquarters of HDFC ERGO General Insurance Company?

A. Chennai B. Mumbai C. Kolkata D. New Delhi Answer: B

Q21. Who is the Managing Director and Chief Executive Officer (CEO) of National Stock Exchange?

A. Ashish Chauhan B. Rajiv Lall C. V Vaidyanathan D. Vikram Limaye Answer: D

Q22. __________________ Nirmala Sitharaman has unveiled two new IT Initiatives ICEDASH and ATITHI for improved monitoring and pace of customs clearance of imported goods and facilitating arriving international passengers.

A. Minister of Railways of India B. Minister of Electronics and Information Technology C. Minister for Road Transport & Highways of India D. Finance Minister Answer: D

Q23. The National Council of Applied Economic Research (NCAER) has pegged India’s gross domestic product (GDP) growth for 2019-20 at ____________ as against 6.8 % in 2018 (or FY-19).

A. 4.50% B. 4.70% C. 4.90% D. 4.30% Answer: C

Q24. The Asian Development Bank has approved the 2nd tranche of USD 150 million (about Rs 1,065 crore) for _________________ to boost capital investment and infrastructure in the state.

A. Odisha B. West Bengal C. Kerala D. Maharashtra Answer: B

Q25. Global rating agency Moody’s expects the Centre’s fiscal deficit to touch 3.7% of the GDP recently. Where is the headquarters of Moody’s?

A. New York B. Geneva C. Vienna D. London Answer: A

Q26. Which company has decided to launch the Indian life insurance industry’s first joint mass media campaign with the slogan ‘Sabse Pehle Life Insurance’?

A. The New India Assurance Co. Ltd B. Life Insurance Council C. National Insurance Company Limited D. General Insurance Corporation of India Answer: B

Q27. Which Bank has launched a fixed deposit scheme called FD Health that comes with an in-built critical insurance policy?

A. Kotak Mahindra Bank B. Axis Bank C. Bank of Baroda D. ICICI Bank Answer: D

Q28. Which of the following payments banks has launched mobile banking for its savings account customers recently?

A. India Post Payments Bank B. Fino Payments Bank C. Jio Payments Bank D. Paytm Payments Bank Answer: C

Q29. SBI Card announced the launch of ‘SBI Card Pay’, a feature which allows contactless payment using mobile phones at PoS terminals. SBI Cards & Payments Services Ltd based in-

A. Pune B. Nagpur C. Gurugram D. Rajkot Answer: C

Q30. Who is present Managing Director and CEO of ICICI Bank Limited?

A. Deepak Parekh B. Amitabh Chaudhry C. Chandra Shekhar Ghosh D. Sandeep Bakhshi Answer: D

Q1. Mortgage Guarantee Company(MGC) has a minimum Net Owned Funds of _______

A. 100 Crore B. 150 Crore C. 250 Crore D. 300 Crore Answer: A

Q2. _______is financial institution through which promoter / promoter groups will be permitted to set up a new bank.

A. Investment Company(IC) B. Loan Company(LC) C. Infrastructure Finance Company(IFC) D. Non-Operative Financial Holding Company (NOFHC) Answer: D

Q3. Infrastructure Finance Company (IFC) has a minimum Net Owned Funds of _______

A. 100 Crore B. 150 Crore C. 250 Crore D. 300 Crore Answer: D

Q4. Where is the headquarters of SIDBI?

A. Bangalore B. New Delhi C. Mumbai D. Lucknow Answer: D

Q5. _______is an NBFC which deploys at least 75 percent of its total assets in infrastructure loans.

A. Investment Company (IC) B. Loan Company (LC) C. Infrastructure Finance Company (IFC) D. Asset Finance Company (AFC) Answer: C

Q6. In which year the Banking Regulation Act 1949 was amended to make it applicable to cooperative banks?

A. 1962 B. 1965 C. 1964 D. 1940 Answer: B

Q7. Which section was added in the Banking regulation Act to include the Cooperative Banks under its purview?

A. Section 60 B. Section 63 C. Section 56 D. Section 78 Answer: C

Q8. The Banking Regulation Act was initially passed by what name?

A. Banking Regulation Act 1949 B. Banking Companies Act 1949 C. Banking Units Act D. None of the Above Answer: B

Q9. What is Section 7 of the RBI Act 1934?

A. It allows RBI to issue new notes. B. It allows the RBI to recruit new staff. C. It allows RBI to buy and sell securities. D. It empowers the government to give directions to RBI. Answer: D

Q10. As per Section 31 of the RBI, who can issue and accept promissory notes that are payable on demand in India?

A. RBI B. Central Government C. Both A and B D. None of these Answer: C

Q11. Which section of the RBI allows the RBI to provide loans to banks and state financial corporations?

A. 17 B. 18 C. 19 D. 20 Answer: A

Q12. Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?

A. 88 B. 45 C. 55 D. 22 Answer: D

Q13. Which section of the RBI Act allows the RBI to form rules regarding the exchange of damaged and imperfect notes?

A. 25 B. 29 C. 42 D. 28 Answer: D

Q14. Where is the headquarters of Bank Of Baroda?

A. Bangalore B. New Delhi C. Mumbai D. Vadodara Answer: D

Q15. Which section of the RBI decribes the legal tender character to Indian Bank notes?

A. 18 B. 42 C. 22 D. 56 Answer: A

Q16. The Government of India has issued fresh rules under the IBC to govern the rescue of non-bank lenders. What is the full form of IBC?

A. Insolvency and Bankruptcy Common B. Insolvency and Bankruptcy Core C. Insolvency and Bankruptcy Code D. Insolvency and Bankruptcy Centre Answer: C

Q17. The Reserve Bank of India superseded the board of debt-laden Dewan Housing Finance Corporation Limited (DHFL) as it intends to shortly initiate the process of resolution of the company under the insolvency and bankruptcy rules. Dewan Housing Finance Corporation Limited based in-?

A. Mumbai B. Chennai C. Kolkata D. New Delhi Answer: A

Q18. The RBI expanded the scope of SNRR account by permitting non-residents to open such accounts for rupee-denominated overseas borrowings, trade credit and trade invoicing for popularising cross-border transactions in the domestic currency. SNRR stands for-?

A. Service Non-Resident Rupee Accounts B. Special Non-Resident Rupee Amounts C. Special Non-Resident Rate Accounts D. Special Non-Resident Rupee Accounts Answer: D

Q19. Markets regulator SEBI imposed a total fine of Rs 40.5 lakh on _____________ companies for indulging in fraudulent trading in the illiquid stock options segment on the BSE.

A. 15 B. 7 C. 20 D. 10 Answer: B

Q20. The Insolvency and Bankruptcy Board of India was established on _______________ under the Insolvency and Bankruptcy Code, 2016 (Code).

A. 1st December 2013 B. 1st April 2015 C. 1st July 2017 D. 1st October 2016 Answer: D

Q21. The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. Who is the present Chairman of SEBI?

A. Harsh Kumar Bhanwala B. Ajay Tyagi C. Shaktikanta Das D. Ram Sewak Sharma Answer: B

Q22. The Reserve Bank of India (RBI) has expressed concern over rising bad loans from Pradhan Mantri MUDRA Yojana (PMMY). The percentage of MUDRA loans were at 2.52% in 2017-18, It has now raised to ______________ in 2018-19.

A. 10.76% B. 8.46% C. 5.27% D. 2.89% Answer: D

Q23. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1.50 crore on __________________________ for non-compliance with certain provisions of directions issued by RBI.

A. Vijaya Bank B. UCO Bank C. Corporation Bank D. Dena Bank Answer: C

Q24. Which of the following Grameen Bank and Canara Bank, HSBC, Oriental Bank of Commerce, Life Insurance Company has signed an MoU for bancassurance (for selling life insurance products through the branches of KVGB)?

A. Karnataka Vikas Grameena Bank B. Maharashtra Gramin Bank C. Kerala Gramin Bank D. Sarva Haryana Gramin Bank Answer: A

Q25. Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on-

A. 08th April 2015 B. 08th April 2014 C. 08th April 2017 D. 08th April 2015 Answer: D

Q26. Who is Managing Director (MD) and Chief Executive Officer (CEO) of Corporation Bank?

A. Rakesh Sharma B. PV Bharathi C. SS Mallikarjuna Rao D. PS Jayakumar Answer: B

Q27. In its 5th Bi-monthly Monetary Policy Committee meeting, the Reserve Bank of India has decided to keep the policy repo rate unchanged to-?

A. 5.20% B. 5.10% C. 5.25% D. 5.15% Answer: D

Q28. Oriental Bank of Commerce is an Indian public sector bank. Where is the headquarters of Oriental Bank of Commerce?

A. Gurugram B. Mumbai C. Bengaluru D. Kolkata Answer: A

Q29. RBI has also reduced the real GDP growth for 2019-20 from 6.10% to ____________ in its 5th Bi-monthly Monetary Policy Committee meeting.

A. 6.00% B. 5.50% C. 5.60% D. 5.00% Answer: D

Q30. Edelweiss Asset Management Company (AMC) has launched India’s 1st Corporate Bond ETF (exchange trade fund) called the ___________ Bond ETF.

A. Bank B. Aryavarta C. Bharat D. India Answer: C

Q1. As per SEBI, in how many days all listed companies will have to be disclosed any default of payments of interest or principal on loans taken from financial institutions, including banks?

A. 40 days B. 50 days C. 60 days D. 30 days Answer: D

Q2. What is the rank of India in 2019 Global Terrorism Index released by the Sydney-based Institute for Economics and Peace?

A. 10th B. 7th C. 5th D. 6th Answer: B

Q3. How many shares will the Kerala-based private sector lender CSB Bank put up for sale?

A. 10 million shares B. 5 million shares C. 19 million shares D. 21 million shares Answer: D

Q4. Vijay Shekhar Sharma is the founder of which bank/organization?

A. Kotak Mahindra Bank B. Paytm C. Uber D. Airtel Payment Bank Answer: B

Q5. Where is the headquarters of Ujjivan Small Finance Bank Limited located?

A. Thrissur B. Ahmadabad C. Kolkata D. Bangalore Answer: D

Q6. Deutsche Bank AG is a _________ multinational investment bank and financial services company.

A. Japanese B. American C. Russian D. German Answer: D

Q7. Pradhan Mantri Shram Yogi Mandhan is a social welfare scheme. How much minimum assured pension the subscriber will receive after attaining the age of 60 years?

A. Rs. 4,000 B. Rs. 2,000 C. Rs. 3,000 D. Rs. 5,000 Answer: C

Q8. Which Bank has topped the RRBs in terms of achievement of Rupay Card transaction targets (POS and eCOM)?

A. Delhi Gramin Bank B. Assam Gramin Bank C. J & K Gramin Bank D. Manipur Gramin Bank Answer: C

Q9. Which of the following banks is not a nationalized bank?

A. Syndicate bank B. Axis Bank C. Central Bank of India D. Bank of Maharashtra Answer: B

Q10. What is an Open Market Operation?

A. It is release of funds by RBI in Open Market B. It is standby facility to banks by RBI for infusion of liquidity C. It is buying or selling of government bonds in the open market by Central Bank to inject or suck liquidity from the system D. All of the above Answer: C

Q11. India’s foreign exchange reserves crossed the $450-billion mark for the first time ever on the back of strong inflows which enabled ______________ to buy dollars from the market.

A. Finance Ministry B. EXIM Bank C. RBI D. SBI Answer: C

Q12. Which of the following company/bank has provided $500 million (Rs 3561 crore) Line of Credit (LoC) to Bangladesh for defense-related procurement in the neighbouring country?

A. EXIM Bank B. RBI C. RIL D. SBI Answer: A

Q13. The Asian Development Bank (ADB) has lowered its forecast for India’s economic growth in fiscal year 2019-20 to-?

A. 5.9% B. 5.3% C. 5.5% D. 5.1% Answer: D

Q14. India’s GDP growth hit an over six-year low of ______________ percent in July-September 2019, dragged mainly by the deceleration in manufacturing output and subdued farm sector activity.

A. 2.5 percent B. 4.5 percent C. 5.5 percent D. 3.5 percent Answer: B

Q15. Who is the Managing Director and Chief Executive Officer of the Export-Import Bank of India?

A. Ajay Tyagi B. Sriram Kalyanaraman C. Harsh Kumar Bhanwala D. David Rasquinha Answer: D

Q16. The Asian Development Bank is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In which of the following year Asian Development Bank was established?

A. 1956 B. 1966 C. 1982 D. 1992 Answer: B

Q17. Vreedhi Financial Services (VFS) has secured a non-banking finance company licence from the Reserve Bank of India recently. Vreedhi Financial Services based in-

A. Thiruvananthapuram B. Chennai C. Mumbai D. Hyderabad Answer: D

Q18. The Reserve Bank has imposed a penalty of ________________ on Tamilnad Mercantile Bank for violating norms on fraud classification and notification.

A. Rs 35 lakh B. Rs 20 lakh C. Rs 65 lakh D. Rs 10 lakh Answer: A

Q19. Which of the following bank has launched an instant digital savings account (SA) along with Fixed Deposit (FD) and Privilege Savings Account to offer distinctive banking and digital services to its customers?

A. Bandhan Bank B. IDFC First Bank C. Equitas Small Finance Bank D. RBL Bank Answer: A

Q20. Bajaj Allianz General Insurance has launched a new mobile app called ____________ for the ease of farmers.

A. Farbetter B. Farsakhi C. Farmitra D. Farbandhu Answer: C

Q21. Who is the Managing Director and Chief Executive Officer of Ujjivan Small Finance Bank Limited?

A. Rajiv Lall B. Ittira Davis C. Aditya Puri D. Shyam Srinivasan Answer: B

Q22. Bajaj Allianz General Insurance is a private general insurance company in India. Where is the headquarters of Bajaj Allianz General Insurance?

A. Varanasi B. Jaipur C. Kochi D. Pune Answer: D

Q23. From January 2020, banks can no longer charge savings bank account holders for online transactions in the ___________ system.

A. NEFT B. IMPS C. SWIFT D. CBS Answer: D

Q24. The Karnataka Gramin Bank (KGB) has launched ‘mobile ATMs’ in Kalaburagi, among several other districts in the Karnataka. Karnataka Gramin Bank based in-

A. Bengaluru B. Mysuru C. Belgaum D. Dharwad Answer: D

Q25. The economic research team from the State Bank of India (SBI) has revised India’s Gross Domestic Product (GDP) to _____________ from its earlier estimate of 6.1% for the Fiscal Year 2020 (FY20).

A. 6.50% B. 5.90% C. 5.00% D. 5.20% Answer: C

Q26. Which of the following Condition(s) is/are satisfied by Systematically Important Core Investment Company(CIC-ND-SI)?

A. It does not accept Public Funds B. It is a NBFC with asset size of Rs.100 and above C. It holds less than 90% of its net assets in the form of investment in equity shares, bonds. D. All of the Above Answer: B

Q27. Systematically Important Core Investment Company(CIC-ND-SI)/ CICs can not accept ________

A. Public Fund B. Deposit C. Public Deposit D. Both B and C Answer: D

Q28. CICs having asset size of _________are exempted from registration and regulation from the RBI

A. Below Rs 100 crore B. Above Rs 100 crore C. Below Rs 50 crore D. Above Rs 50 crore Answer: B

Q29. CICs are permitted to invest Liquid Fund Schemes (Mutual Funds) with maturity of less than ____ days.

A. 51 B. 71 C. 61 D. 91 Answer: D

Q30. CICs/CIC-ND-SI holds not less than 90% of its net assets in the form of investment in _________

A. equity shares B. bonds C. debentures D. All of the Above Answer: D

Q1. Kisan Credit Card (KCC) was prepared by NABARD on the recommendations of which committee?

A. R.V GUPTA B. MALCOM C. NACHET MORE D. NARASIMMAN Answer: A

Q2. KCC (Kisan Credit Card) was launched in which year ?

A. 1989 B. 1998 C. 1999 D. 1982 Answer: B

Q3. A holder of KCC (Kisan Credit Card) is also covered with a personal accident cover of ___________ amount

A. 50 K B. 20 K C. 1 Lakh D. 2 Lakhs Answer: A

Q4. KCC (Kisan Credit Card) are provided upto the age of

A. 60 B. 65 C. 70 D. 80 Answer: C

Q5. Kisan Credit Card (KCC) has been extended to which of the following groups

A. Fisherman B. Cattle C. Small Business D. Both A & B Answer: D

Q6. When was the PMMY (Pradhan Mantri Mudra Yojana (PMMY)) launched ?

A. 8th March 2015 B. 8th April 2015 C. 10th May 2015 D. 15th April 2015 Answer: B

Q7. What is the maximum loan amount under PMMY Kishor account scheme?

A. 50 K B. 5 Lakhs C. 10 Lakhs D. 20 Lakhs Answer: B

Q8. SIDBI was formed to promote ________

A. Agriculture sector B. Housing sector C. MSME sector D. Banking sector Answer: C

Q9. Where is the headquarters of SIDBI?

A. Bangalore B. New Delhi C. Mumbai D. Lucknow Answer: D

Q10. When SIDBI was established?

A. April 5, 1993 B. April 9, 1992 C. April 2, 1990 D. April 8, 1991 Answer: C

Q11. Who among the following has been appointed as the Chief Executive Officer (CEO) and Managing Director (MD) of the public sector bank, Indian Overseas Bank (IOB)?

A. RA Sankara Narayanan B. Padmaja Chunduru C. Karnam Sekar D. T.C.A. Ranganathan Answer: C

Q12. Which of the following entities has received a license from the Reserve Bank of India (RBI ) to set up a non-banking financial company (NBFC) in Bengaluru?

A. UAE Exchange India B. Credit Saison India C. Suryamani Financing Co Ltd D. Smart Global Ventures Answer: B

Q13. From which of the following banks India has got the first set of account details of its nationals under a new a new Automatic Exchange of Information (AEOI) framework, a major milestone in the government's fight against black money stashed abroad?

A. UBS Group B. Swiss Bank C. Royal Bank of Scotland D. Zurich Cantonal Bank Answer: B

Q14. Which of the following banks has launched the “Debit Card EMI facility” for its existing customers for period ranging from 6 months to 18 months?

A. State Bank of India B. Bank of Baroda C. Punjab National Bank D. Uco Bank Answer: A

Q15. As per the data released by Reserve Bank of India (RBI) on India’s balance of payments (BoP) for the first quarter 2019-20 how much percentage of the Gross Domestic Product (GDP) of India is contributed by Current Account Deficit (CAD)?

A. 2.0% B. 2.5% C. 3.0% D. 3.5% Answer: A

Q16. As per the announcement made by the Union Finance Minister Nirmala Sitharaman, regarding merging of public sector banks, Syndicate Bank will merge with which of the following banks?

A. Punjab National Bank B. Canara Bank C. Union Bank of India D. Indian Bank Answer: B

Q17. On October 3, 2019, Himachal Pradesh Chief Minister Jai Ram Thakur flagged off a one-month program ‘Pragati Rath’ of which of the following banks in Shimla to make people aware of financial and digital literacy?

A. ICICI Bank B. Yes Bank C. HDFC Bank D. Axis Bank Answer: C

Q18. On October 7, 20-19, U GRO Capital, a technology-enabled lender to small businesses has signed its first co-origination of loan agreement with which of the following public sector banks?

A. Punjab National Bank B. Bank of Baroda C. Bank of India D. Canara Bank Answer: B

Q19. The Reserve Bank of India in its 4th bi-monthly monetary policy review reduced the real GDP growth for 2019-20 from 6.9% to ______.

A. 6.7% B. 6.4% C. 6.5% D. 6.1% Answer: D

Q20. Which of the following has becomes the first Indian bank to have a branch in the Australian state of Victoria?

A. Punjab National Bank B. Indian Bank C. Canara Bank D. State Bank of India Answer: D

Q21. State Bank of India (SBI) has launched its digital banking app YONO in which country which marked its global launch?

A. China B. United Kingdom C. United Arab Emirate D. United State of America Answer: B

Q22. Which bank has inked a bancassurance agreement with Max Bupa Health Insurance to offer health insurance?

A. Bank of India B. Punjab National Bank C. State Bank of India D. Indian Bank Answer: D

Q23. As per the recent announcement by Nirmala Sitharaman, the effective tax rate for domestic companies has been reduced to _______ inclusive of all surcharges and cess.

A. 25.17% B. 22% C. 17.19% D. 15% Answer: A

Q24. The Reserve Bank of India has made mandatory for banks to link retail and MSME loans to an external benchmark rate. This new norm will be effective from_____.

A. 1st September, 2019 B. 1st October, 2019 C. 1st November, 2019 D. 1st December, 2019 Answer: B

Q25. On the recommendation of which of the following committees the RBI has made it mandatory for banks to link retail and MSME loans to external benchmark interest rate?

A. Harsh Vardhan committee B. T.N. Manoharan committee C. Ramesh Chand committee D. V G Kannan committee Answer: B

Q26. Which of the following public sector bank has launched a digital platform for farmers to provide solutions for all major agricultural requirements?

A. Punjab National Bank B. Union Bank of India C. United Bank of India D. Bank of Baroda Answer: D

Q27. Airtel Payment Bank has launched “Bharosa” savings account services by which customers can get personal accident insurance up to Rs. ______ even with the minimum balance of Rs.______.

A. 5 Lakhs, Rs 300 B. 1 Lakhs, Rs 200 C. 5 Lakhs, Rs 500 D. 2 lakhs, Rs 500 Answer: C

Q28. Reserve Bank of India comes out with draft norms for ‘on-tap’ licensing of Small Finance Banks (SFBs). In the draft guidelines, the RBI has proposed the minimum paid-up equity capital of ________ for the SFBs.

A. ₹100 crore B. ₹200 crore C. ₹300 crore D. ₹400 crore Answer: B

Q29. Which of the following banks has launched DigiSmart credit card?

A. Standard Chartered Bank B. ABN Amro Bank C. Deutsche Bank D. HSBC Bank Answer: A

Q30. How much capital is to be infused in the public sector banks in order to boost the economy as announced by the Finance Minister?

A. Rs 55250 crore B. Rs 85500 crore C. Rs 75250 crore D. Rs 70,000 crore Answer:

Q1. Foreign Exchange Regulation Act (FERA) of 1947, was subsequently replaced by Foreign Exchange Regulation Act, __________.

A. 1978 B. 1950 C. 1984 D. 1973 Answer: D

Q2. Which country is the world’s largest consumer of Almonds?

A. China B. Spain C. United State D. Answer: C

Q3. “Pure Banking Nothing Else” is a tagline of which Bank?

A. ICICI Bank B. Bank C. Bank D. Bank Answer: C

Q4. Disinvestment means-

A. To reduce the government share in the private sector. B. To reduce government share in the FDI. C. To reduce government share in Market. D. reduce the government share in the public sector. Answer: D

Q5. Economic planning is an important feature of _________.

A. Mixed Economy B. Socialist Economy C. Dual Economy D. Capitalist Economy Answer: B

Q6. The first attempt to calculate National Income of India was made by ______________ in 1867 -68.

A. Gopal Krishna Gokhale B. Justice Ranade C. Dadabhai Naroji D. P.C. Mahalanobis Answer: C

Q7. The NOTA option first used in the election of which year?

A. 2006 B. 2008 C. 2012 D. 2013 Answer: D

Q8. What does MIGS stands for?

A. Minimum Income Group Scheme B. Middle Income Group Scheme C. Middle Incentive Group Scheme D. Minimum Incentive Group Scheme Answer: B

Q9. What is an Open Market Operation?

A. It is release of funds by RBI in Open Market B. It is standby facility to banks by RBI for infusion of liquidity C. It is buying or selling of government bonds in the open market by Central Bank to inject or suck liquidity from the system D. All of the above Answer: C

Q10. What is the full form of SECC?

A. Socio Economic Class Survey B. Socio Economic Caste Service C. Social Earning Class Survey D. Socio Economic Caste Census Answer: D

Q11. Basel Norms are associated with -

A. Share Market B. Banking C. Insurance D. Medical Answer: B

Q12. How Many Countries are the member of World Bank?

A. 164 B. 189 C. 193 D. 194 Answer: B

Q13. If there is a lack of money supply in comparison to the supply of goods and services, then the possible consequence would be ______________.

A. Inflation B. Deflation C. Devaluation D. Hyperinflation Answer: B

Q14. Marginal cost is dependent upon________.

A. Only fixed cost B. Only variable cost C. Both fixed cost and variable cost D. All the above Answer: B

Q15. The best indicator of economic development of any country is __________.

A. Its agriculture B. Its transport C. Its gross production D. Its per capital income Answer: D

Q16. The holidays for the banks are declared according to which Act?

A. Reserve Bank Act B. Companies Act C. Banking Regulation Act D. Negotiable Instrument Act Answer: D

Q17. What do you mean by a Non-Performing Asset?

A. An asset that ceases to generate income B. Money at call and short notice C. Cash balance with other banks D. Cash balance with RBI Answer: A

Q18. What is Minimum Capital Requirement to open Small Finance Banks?

A. 200 Crore B. 500 Crore C. 300 Crore D. 100 Crore Answer: D

Q19. RBI has imposed banking restrictions on PMC bank in September. What is the full form of PMC?

A. Punjab and Madhya Pradesh Co-operative Bank B. Pune and Mumbai Co-operative Bank C. Pune and Madhya Pradesh Co-operative Bank D. Punjab and Maharashtra Co-operative Bank Answer: C

Q20. How much additional installment of Dearness Allowance and Dearness Relief has approved by the Union Cabinet?

A. 6 % B. 7 % C. 5 % D. 4 % Answer: D

Q21. What is the upper limit of RTGS transactions?

A. Rs. 2 Lakh B. Rs. 5 Lakh C. Rs. 50 Lakh D. There is no upper limit Answer: A

Q22. When was the India Post Payments Bank incorporated?

A. 17 August 2016 B. 1 July 2016 C. 1 April 2016 D. 7 January 2016 Answer: A

Q23. When did the regional rural banks start functioning in India?

A. 1975 B. 1947 C. 1953 D. 1960 Answer: A

Q24. The main food grain of India is _____.

A. Rice B. Wheat C. Sugarcane D. Maize Answer: A

Q25. The ownership right of a company remains ____________.

A. with company directors B. with equity shareholders C. with debenture holders D. with the government Answer: B

Q26. What is needed for creating demand?

A. Production B. Price C. Income D. Import Answer: C

Q27. ‘PIN’ in Smart Card is called _________:

A. Permanent Index Number B. Personal Identification Number C. Personal Index Number D. Permanent Identification Number Answer: B

Q28. The Securitization Act does not covers ________:

A. Private Sector Banks B. Consortium of Banks C. Private Financial Institutions D. Chit Fund Companies Answer: D

Q29. Who among the following has resigned as deputy governor of the Reserve Bank of India six months before the end of his term for “personal reasons”?

A. M. K. Jain B. Viral V. Acharya C. B.P. Kanungo D. N. S. Vishwanathan Answer: B

Q30. In which of the following year NEFT was introduced in India?

A. 2002 B. 2003 C. 2004 D. 2005 Answer: D

Q1. The International Finance Corporation (IFC), a unit of the World Bank Group has anchored an investment round of _____ in Mahindra & Mahindra Financial Services Limited (MMFSL).

A. $100 million B. $500 million C. $200 million D. $1500 million Answer: C

Q2. Which of the following general insurance company has launched “my: health Woman Suraksha policy”, a comprehensive medical insurance scheme specially designed for women?

A. IFFCO Tokio General Insurance Company Limited B. ICICI Lombard General Insurance Company Limited C. Bajaj Allianz General Insurance D. HDFC ERGO general insurance Answer: D

Q3. National Stock Exchange has launched interest rate options on ___ year government bonds.

A. 10 year B. 05 year C. 20 year D. 25 year Answer: A

Q4. Who is present President of World Bank group?

A. Antonio Guterres B. Kristalina Georgieva C. Jim Yong Kim D. David Malpass Answer: D

Q5. Where is the headquarters of HDFC ERGO General Insurance Company?

A. Chennai B. Mumbai C. Kolkata D. New Delhi Answer: B

Q6. Who is the Managing Director and Chief Executive Officer (CEO) of National Stock Exchange?

A. Ashish Chauhan B. Rajiv Lall C. V Vaidyanathan D. Vikram Limaye Answer: D

Q7. _____ Nirmala Sitharaman has unveiled two new IT Initiatives ICEDASH and ATITHI for improved monitoring and pace of customs clearance of imported goods and facilitating arriving international passengers.

A. Minister of Railways of India B. Minister of Electronics and Information Technology C. Minister for Road Transport & Highways of India D. Finance Minister Answer: D

Q8. The National Council of Applied Economic Research (NCAER) has pegged India’s gross domestic product (GDP) growth for 2019-20 at ____________ as against 6.8 % in 2018 (or FY-19).

A. 4.50% B. 4.70% C. 4.90% D. 4.30% Answer: D

Q9. The Asian Development Bank has approved the 2nd tranche of USD 150 million (about Rs 1,065 crore) for _________________ to boost capital investment and infrastructure in the state.

A. Odisha B. West Bengal C. Kerala D. Maharashtra Answer: B

Q10. Global rating agency Moody’s expects the Centre’s fiscal deficit to touch 3.7% of the GDP recently. Where is the headquarters of Moody’s?

A. New York B. Geneva C. Vienna D. London Answer: A

Q11. Which company has decided to launch the Indian life insurance industry’s first joint mass media campaign with the slogan ‘Sabse Pehle Life Insurance’?

A. The New India Assurance Co. Ltd B. Life Insurance Council C. National Insurance Company Limited D. General Insurance Corporation of India Answer: B

Q12. Which Bank has launched a fixed deposit scheme called FD Health that comes with an in-built critical insurance policy?

A. Kotak Mahindra Bank B. Axis Bank C. Bank of Baroda D. ICICI Bank Answer: D

Q13. Which of the following payments banks have launched mobile banking for its savings account customers recently?

A. India Post Payments Bank B. Fino Payments Bank C. Jio Payments Bank D. Paytm Payments Bank Answer: C

Q14. SBI Card announced the launch of ‘SBI Card Pay’, a feature which allows contactless payment using mobile phones at PoS terminals. SBI Cards & Payments Services Ltd based in-

A. Pune B. Nagpur C. Gurugram D. Rajkot Answer: C

Q15. Who is present Managing Director and CEO of ICICI Bank Limited?

A. Amitabh Chaudhry B. Chandra Shekhar Ghosh C. Aditya Puri D. Sandeep Bakhshi Answer: D

Q16. Which Bank has opened its Melbourne office and becoming the first Indian bank to have a branch in the Australian state of Victoria?

A. Union Bank of India B. State Bank of India C. Bank of Baroda D. Indian Bank Answer: B

Q17. Which of the following bank has launched the ‘Express FD’, a digital fixed deposit (FD) product that allows a customer to open an FD account in 3 minutes through the digital mode without opening a savings account with the bank?

A. Yes Bank B. Kotak Mahindra Bank C. ICICI Bank D. Axis Bank Answer: D

Q18. Which Bank has launched three new digital products called, UCash, Digilocker and an app in Kolkata?

A. UCO Bank B. Allahabad Bank C. United Bank of India D. Canara Bank Answer: A

Q19. _ has given the go-ahead to the Kerala government to amalgamate 13 district cooperative banks (DCBs) with the Kerala State Cooperative Bank to form the proposed “Kerala Bank”.

A. SEBI B. NABARD C. Finance Ministry D. RBI Answer: D

Q20. Who is present Chairperson of State Bank of India?

A. Harsh Kumar Bhanwala B. Urjit Patel C. Rajnish Kumar D. Arundhati Bhattacharya Answer: C

Q21. Amitabh Chaudhry is the Managing Director (MD) and Chief Executive Officer of which bank?

A. HDFC Bank B. Yes Bank C. Kotak Mahindra Bank D. Axis Bank Answer: D

Q22. Reliance Mutual Fund has been renamed as “Nippon India Mutual Fund“. The organization was renamed following the purchase of ________________ stake in Reliance Nippon Life Asset Management by Nippon Life Insurance.

A. 26% B. 10% C. 99% D. 75% Answer: D

Q23. Which company has been selected as the main supplier to deliver Volvo Cars’ digital transformation services for its enterprise digital commercial operations applications and products?

A. RIL B. Tech Mahindra C. Infosys D. TCS Answer: C

Q24. The Reserve Bank of India has rejected the merger proposal of Indiabulls Housing Finance and Lakshmi Vilas Bank. Where is the registered office of Indiabulls Housing Finance?

A. Bengaluru B. Gurugram C. Kolkata D. Mumbai Answer: B

Q25. Which of the following International Organisation will provide a $451 million (about Rs 3,200 crore) loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu?

A. Asian Development Bank B. International Monetary Fund C. Asian Infrastructure Investment Bank D. World Bank Answer: A

Q26. The Export-Import (Exim) Bank has provided a USD 30 million (about Rs 210 crore) line of credit to _______________ for a potable water project in the country.

A. Uganda B. Peru C. Angola D. Ghana Answer: D

Q27. Muthoot Finance Ltd, the largest gold loan non-banking finance company in the country, entered into a definitive agreement to acquire IDBI Asset Management Ltd and IDBI Mutual Fund Trustee Company Ltd. Muthoot Finance Ltd based in-?

A. Kochi B. Bengaluru C. Chennai D. Hyderabad Answer: A

Q28. Which company is the first Indian company to cross Rs.10 lakh crore in market capitalization (m-cap)?

A. Infosys B. Tech Mahindra C. RIL D. TCS Answer: C

Q29. Non-bank lender ___________________ became the first company to list its commercial papers borrowing of Rs 100 crore on the bourses.

A. Capital First Ltd B. Bajaj Finserv Ltd C. Muthoot Financial D. Aditya Birla Finance Answer: D

Q30. Export–Import Bank of India is a finance institution in India, established in _________________ under Export-Import Bank of India Act 1981.

A. 1956 B. 1982 C. 1988 D. 1990 Answer: B

Q1. MUDRA Bank will deliver loan through _________

A. NBFCs B. MFIs C. Rural Banks D. All of the Above Answer: D

Q2. Government has decided to provide an additional fund of ________ which will be allocated to Shishu, Kishore and Tarun schemes.

A. Rs 1 trillion B. Rs 1 million C. Rs 1 billion D. Rs 10 billion Answer: A

Q3. IFS Code is 11 alpha numeric code. What is the fifth character?

A. An alphabet B. Check digit C. 0 (Zero) D. None of these Answer: C

Q4. Legal Entity Identifier(LEI) is a ____________ alpha numeric code.

A. 10 B. 11 C. 20 D. 9 Answer: C

Q5. Banking Ombudsman Scheme is applicable to the business of_______.

A. All scheduled commercial banks excluding RRBs B. All scheduled commercial banks including RRBs C. Only Public Sector Banks D. Only Private Sector Banks Answer: B

Q6. Cash drawings under kisan cards can be permitted at:

A. designated branches B. at issuing branches C. all branches D. none of these Answer: B

Q7. Banking Industry has been declared as public utility service for purpose of

A. Negotiable Instruments Act, 1881 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Industrial Disputes Act Answer: D

Q8. Which of the following currency is not on the set of Internationally acclaimed ‘Hard Currencies’?

A. Yuan B. Yen C. Dollar D. Pound Answer: A

Q9. What is the Tagline of Bank Of India?

A. A tradition of trust B. For all your needs C. Banking for All D. Relationship beyond Banking Answer: D

Q10. CASHe, a loan giving app has partnered with

A. Reliance B. Paytech. C. Paytm D. Finoteche Answer: C

Q11. Human Library event was held in _______.

A. Mumbai B. Delhi C. Kochi D. Mysuru Answer: D

Q12. Three day-long North East Food show was held in ______.

A. Assam B. Mizoram C. Sikkim D. Meghalya Answer: D

Q13. The Global Migration Film Festival (GMFF) was held in _______.

A. Colombo, Srilanka B. Dhaka, Bangladesh C. Kathmandu, Nepal D. Bangkok, Thailand Answer: B

Q14. Which of the following countries hosted the Ocean Dance Festival-2019?

A. Bangladesh B. India C. Japan D. Srilanka Answer: A

Q15. What is the theme of the 39th edition of India International Trade Fair (IITF) 2019?

A. Indian Domestic Enterprises B. Startups and Make in India C. Ease of Doing Business D. Free Market is Future of Business Answer: C

Q16. The design of Qutub Minar is based on the Minaret of Jam which is situated in _________.

A. Iran B. Iraq C. Afghanistan D. Taiwan Answer: C

Q17. India's second-largest artificial lake, Dhebar Lake, was created on which river?

A. Ganga river B. Sutlej river C. Gomati river D. Kaveri river Answer: C

Q18. Which among the following lakes forms the National Waterway 3 in India?

A. Kaliveli Lake B. Kutch Salt Marsh C. Kerala Backwaters D. Kolleru Lake Answer: C

Q19. Which of the following state has Dabolim airport?

A. Goa B. Tripura C. Meghalaya D. Manipur Answer: A

Q20. Simhadri Super Thermal Power Plant is located in which of the following states?

A. Andhra Pradesh B. Telangana C. Maharashtra D. Madhya Pradesh Answer: A

Q21. Kumarakom Bird Sanctuary is situated in _____.

A. Tamil Nadu B. West Bengal C. Kerala D. Assam Answer: C

Q22. Lucknow is situated on the bank of which river?

A. Yamuna B. Ganga C. Gomti D. Son Answer: C

Q23. On the banks of which of the following rivers is Bengaluru situated?

A. Kaveri B. Krishna C. Godavari D. Vrishabhavathi Answer: D

Q24. On which date, International day for preventing the environment from war and armed conflicts is observed annually?

A. 4th thNovember B. 5th November C. 6th November D. 7th November Answer: C

Q25. What is the theme of the World Diabetes Day (WDD) 2019?

A. Women and diabetes - Our right to a healthy future B. Eyes on Diabetes C. Family and Diabetes D. Healthy Living and Diabetes Answer: C

Q26. What is the theme of the 2019 World Science Day for Peace & Development?

A. Science for Everyone, no one excluded B. Science for sustainable Development C. Open science, leaving no one behind D. Open Science for sustainable Development Answer: C

Q27. The World Tsunami Awareness Day (WTAD) is being observed across the world on which date annually?

A. 1st November B. 2nd November C. 3rd November D. 5th November Answer: D

Q28. What is the capital of Oman?

A. Muscat B. Doha C. Tirana D. Baku Answer: A

Q29. What is the currency of 'Estonia'?

A. Kyat B. Krone C. Euro D. Dollar Answer: C

Q30. Which of the following is the capital of Myanmar?

A. Yerevan B. Naypyidaw C. Nouakchott D. None of these Answer: B

Q1. The Rupay card launch has made Saudi Arabia the third nation in West Asia to initiate India’s digital payment system. Which was the first foreign nation to launch the RuPay card?

A. Maldives B. Bhutan C. Pakistan D. Sri Lanka Answer: A

Q2. Recently, on which bank the Reserve Bank of India (RBI) imposed a penalty of Rs. 1 crore for not bringing down the promoter shareholding to 40 percent?

A. YES Bank B. ICICI Bank C. Kotak Mahindra Bank D. Bandhan Bank Answer: D

Q3. Where is the headquarters of BIMSTEC located?

A. Bangladesh B. Nepal C. India D. Indonesia Answer: A

Q4. As per section 17 of Banking Regulation Act 1949, every banking company incorporated in India is required to transfer to statutory reserve at least:

A. 50% of profit after dividend B. 20% of profit before dividend C. 15% of total profits D. 20% of total profits Answer: B

Q5. Which of the following act gives legal status to a digital signature?

A. Income Tax Act 1961 B. Right to Information Act 2005 C. RBI Act 1934 D. Information Technology Act 2000 Answer: D

Q6. What is the minimum paid-up equity capital for small finance banks?

A. Rs 100 crore B. Rs 500 crore C. Rs 10 crore D. Rs 200 crore Answer: A

Q7. Which of the following payment technology company, has signed up the world badminton champion Pusarla Venkata Sindhu as its brand ambassador for two years?

A. Master Card B. Rupay Card C. Visa Card D. Maestro Card Answer: C

Q8. SBI Card launched ‘SBI Card Pay’. It is based on which technology?

A. Hide Card Emulation B. Host Credit Emulation C. Hide Credit EEmulatio D. Host Card Emulation Answer: D

Q9. What is the full form of FATF?

A. Financial Action Task Force B. Freedom Action Task Force C. Financial Act Task Force D. Freedom Act Task Force Answer: A

Q10. RBI has recently expanded the scope of SNRR Account by permitting a person resident outside India to open such an account. What does SNRR Account denote?

A. Secure Non-Resident Rupee Account B. Social Non-Resident Rupee Account C. Standard Non-Resident Rupee Account D. Special Non-Resident Rupee Account Answer: D

Q11. Standard and Poor’s rating agency has reaffirmed the sovereign credit Rating of India at BBB, which shows India as a ______.

A. Negative outlook B. Stable outlook C. Unstable outlook D. Recession Answer: B

Q12. As per the National Statistical Office (NSO) survey the literacy rate in the age group of seven years and above was recorded at _______ during July 2017-June 2018 in India.

A. 71.5% B. 75.4% C. 77.7% D. 79.5% Answer: C

Q13. Which of the following organizations has approved the second tranche of the loan of $150 million for West Bengal to boost capital investment and infrastructure in the state?

A. World Bank B. International Monetary Fund (IMF) C. Asian Infrastructure Investment Bank (AIIB) D. Asian Development Bank(ADB) Answer: D

Q14. On November 27th, 2019 the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved to increase the authorized capital of which company?

A. Food Corporation of India (FCI) B. Central Warehousing Corporation (CWC) C. Airports Authority of India (AAI) D. Bharat Sanchar Nigam Limited (BSNL) Answer: A

Q15. The government reduced the Rate of ESI Contribution from 6.5% to ___.

A. 6. Per cent B. 5 per cent C. 4.5 per cent D. 4 percent Answer: D

Q16. Which of the following health insurance companies has partnered with MobiKwik to offer affordable health insurance schemes?

A. Apollo Munich Health Insurance B. Aditya Birla Health Insurance Co. Limited C. HDFC ERGO General Insurance company Ltd D. ICICI Lombard General Insurance Company Limited Answer: B

Q17. What percent of the customer of the crisis-hit PMC bank has been allowed to withdraw their entire deposits, however, the ceiling of Rs 50,000 on withdrawal from deposits continues?

A. 60% B. 65% C. 75% D. 78% Answer: D

Q18. Which of the following Regional Rural Banks (RRBs) signed an MoU with the Canara HSBC OBC Life Insurance Company Ltd for bancassurance?

A. Kaveri Grameena Bank B. Pragathi Krishna Grameena Bank C. Karnataka Vikas Grameen Bank D. Sapthagiri Grameena Bank Answer: C

Q19. As per new norms of Telecom Regulatory Authority of India (TRAI), how many days were prescribed for porting facility in the service area?

A. 2 days B. 3 days C. 5 days D. 7 days Answer: B

Q20. On November 26, 2019 India Ratings and Research, the Indian subsidiary of Fitch group, has revised the Gross Domestic Product (GDP) of India estimate for the financial year 2019-20 to ______.

A. 5.2% B. 5.6% C. 5.9% D. 6.2% Answer: B

Q21. What was the increased authorized capital of Food Corporation of India (FCI)?

A. Rs. 10,000 crores B. RS. 12,000 crores C. Rs. 15,000 crores D. Rs. 17,000 crores Answer: A

Q22. Which company has decided to acquire 100 % stake in Madura Micro Finance Limited (MMFL) for Rs. 876 crores?

A. Aditya Birla Finance Limited B. Bajaj Finserv C. Credit Access Grameen Limited (CAGL) D. Avas Financiers Answer: C

Q23. With which of the following countries India has signed Double Taxation Avoidance Agreement (DTAA) on November 27, 2019?

A. Germany B. Saudi Arabia C. Sri Lanka D. Chile Answer: D

Q24. Which of the following groups of regional rural banks (RRB) of Uttar Pradesh are to be merged into a single regional rural bank, Baroda UP Bank by 1st April 2020?

A. Prathama UP Gramin Bank, Baroda Uttar Pradesh Grameen Bank, Kashi Gomti Samyut Gramin Bank B. Baroda Uttar Pradesh Grameen Bank, Kashi Gomti Samyut Gramin Bank, and Purvanchal Bank C. Aryavart Bank, Kashi Gomti Samyut Gramin Bank, and Purvanchal Bank D. Aryavart Bank, Kashi Gomti Samyut Gramin Bank, and Prathama UP Gramin Bank Answer: B

Q25. On 28th November 2019 which of the following becomes the first Indian company to cross Rs 10 lakh crore market capitalization (m-cap)?

A. State Bank of India (SBI) B. Tata Consultancy Services (TCS) C. Reliance Industries Ltd (RIL) D. HDFC Bank Answer: C

Q26. Which group of two banks has signed a pact with Ashok Leyland (ALL) for commercial vehicle financing?

A. Yes Bank and HDFC Bank B. ICICI Bank & Indian Bank C. Axis bank & ICICI bank D. Axis Bank & HDFC Bank Answer: C

Q27. Which of the following became the first company to list its commercial papers on the stock exchanges?

A. Bajaj Finserv B. American Express Bank Ltd. India C. Aditya Birla Finance Ltd (ABFL) D. Edelweiss Securities Ltd. Answer: C

Q28. Which lending platform has entered into a co-origination agreement with the State Bank of India (SBI) to provide widened credit outreach and faster disbursal?

A. Early Salary Pvt Ltd B. Indiabulls Housing Finance Ltd C. Home credit India D. U GRO Capital Answer: D

Q29. According to the latest Economic Outlook 2019 released by Organisation for Economic Co-operation and Development (OECD), what is the World GDP growth for the year 2020?

A. 2.1% B. 2.9% C. 4.6% D. 4.9% Answer: B

Q30. The Securities and Exchange Board of India (SEBI) has doubled the minimum investment limit for clients of Portfolio Management Services to _______.

A. Rs 40 lakh B. Rs 50 lakh C. Rs 80 lakh D. Rs 100 lakh Answer: B

Q1. Recently, India has announced India a line of credit of approx __________ as financial assistance to Sri Lanka.

A. Rs. 4,450 crore B. Rs. 3,230 crore C. Rs. 7,854 crore D. Rs. 800 crore Answer: B

Q2. With which Bank did BlackBuck partner to provide FASTags to truck owners free of cost?

A. PNB, ICICI Bank B. ICICI, Axis Bank C. IDFC Bank, Yes Bank D. HDFC Bank, Digibank Answer: C

Q3. How much loan the Asian Development Bank (ADB) will provide for the Chennai- Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu?

A. $238 million B. $451 million C. $672 million D. $800 million Answer: B

Q4. PCA was in news recently, what does ‘C’ stands for ____________.

A. C – Cumulative B. C – Corruption C. C – Capital D. C – Corrective Answer: D

Q5. Which bank was placed under the Prompt Corrective Action (PCA) Framework by Reserve Bank of India (RBI) due to reasons like high net NPA (Non-Performing Assets)?

A. Yes Bank B. Dhanlaxmi Bank C. Lakshmi Vilas Bank (LVB) D. City Union Bank (CUB) Answer: C

Q6. Which of the following organization has launched the ‘Green Bond’ fund for central banks to promote green finance?

A. International Monetary Fund (IMF) B. Bank of International Settlements (BIS) C. World Bank (WB) D. Asian Development Bank (ADB) Answer: B

Q7. Vaijinath M. Gavarshetty is appointed as the new Chief Executive Officer (CEO) and key managerial personnel to which entity?

A. HDFC Bank B. Dewan Housing Finance Corporation Limited. C. Shriram Housing Finance Company Limited. D. Mahindra & Mahindra Financial Services Limited. Answer: B

Q8. First five-year plan in India was from ___________.

A. 1947 - 1952 B. 1949 - 1954 C. 1950 - 1955 D. 1951 – 1956 Answer: D

Q9. National Development Council was constituted on:

A. 2 August 1952 B. 6 August 1952 C. 8 August 1952 D. 12 August 1952 Answer: B

Q10. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in ___________.

A. 1938 B. 1937 C. 1936 D. 1939 Answer: B

Q11. Recently FIFA banned how many officials for life for corruption?

A. 3 B. 2 C. 8 D. 6 Answer: A

Q12. The BRICS Young Scientist forum’s conclave held in which country?

A. Russia B. South Africa C. India D. Brazil Answer: D

Q13. Gotabaya Rajapaksa was sworn in as president of which country?

A. Bhutan B. Nepal C. Sri Lanka D. Afghanistan Answer: C

Q14. Where is the HQ of the Association of Southeast Asian Nations?

A. Jakarta B. Beijing C. Tokyo D. New Delhi Answer: A

Q15. How much amount India gets from Green Climate Fund to boost climate resilience in 3 coastal states?

A. USD 43 million B. USD 22 million C. USD 32 million D. USD 44 million Answer: A

Q16. Where is the HQ of Central Bureau of Investigation?

A. New Delhi B. Mumbai C. Chennai D. Pune Answer: A

Q17. On which day,the 550 th birth anniversary of Guru Nanak Dev was celebrated?

A. Nov 12 B. Nov 10 C. Nov 13 D. Nov 15 Answer: A

Q18. Where is the HQ of FIFA?

A. Beijing B. Zurich C. Bangkok D. Amsterdam Answer: B

Q19. Which state government launched ‘Mukhyamantri Septic Tank Safai Yojana’?

A. Delhi B. Uttar Pradesh C. Assam D. Bihar Answer: A

Q20. Which state government launches ‘Sishu Suraksha App’?

A. Sikkim B. Nagaland C. Assam D. Odisha Answer: C

Q21. Which state police bags 3rd prize for response to emergency among 500 forces?

A. Bihar B. Karnataka C. Tamil Nadu D. Uttar Pradesh Answer: D

Q22. Which state government launched e-Ganna app, web portal?

A. Uttar Pradesh B. Himachal Pradesh C. Odisha D. Punjab Answer: A

Q23. The 2nd edition of South Asia Safety Summit held in which city?

A. New Delhi B. Chennai C. Mumbai D. Lucknow Answer: A

Q24. Which state government approved formation of integrated safety scheme to deal with natural calamities?

A. Uttarakhand B. Uttar Pradesh C. Assam D. Sikkim Answer: A

Q25. In which city, North India’s first sugar mill which will produce ethanol direct from sugarcane was established?

A. Kanpur B. Gorakhpur C. Lucknow D. Noida Answer: B

Q26. The 27th Conference of Central and State Statistical Organizations (COCSSO) held in which city?

A. New Delhi B. Mumbai C. Chennai D. Kolkata Answer: D

Q27. The 14-day India International Trade Fair began in which city?

A. Guwahati B. New Delhi C. Gurugram D. Mumbai Answer: B

Q28. The Directorate of School Education (DSEJ) has launched a special enrollment drive under the banner ‘Aao School Chalein’ in which city?

A. Jammu B. Ladakh C. Ludhiana D. Gangtok Answer: A

Q29. The India-ASEAN Business Summit 2019 held in which city?

A. Mumbai B. Chennai C. New Delhi D. Lucknow Answer: C

Q30. Recently, Azad Yusuf passed away.He was related to which field?

A. Actor B. Film Director C. Singer D. Social Activist Answer: C

Q1. The Rupay card lunch has made Suadi Arabia the third nation in West Asia to initiate India’s digital payment system. Which was the first other nation except India to launch the RuPay card?

A. Maldives B. Bhutan C. Pakistan D. Srilanka Answer: A

Q2. Which of the following bank has reduced the interest rate on its savings account for balances below ₹1 lakh to 3.25% from 3.5% from November 1?

A. HDFC Bank B. Indian Bank C. Axis Bank D. State Bank of India Answer: D

Q3. Recently, on which bank the Reserve Bank of India (RBI) imposed a penalty of Rs. 1 crore for not bringing down the promoter shareholding to 40 per cent?

A. YES Bank B. ICICI Bank C. Kotak Mahindra Bank D. Bandhan Bank Answer: D

Q4. Where is the headquarters of BIMSTEC located?

A. Bangladesh B. Nepal C. India D. Indonesia Answer: A

Q5. Which of the following private bank has alone reported a profit of ₹971.8 crore in July-September of FY20 which is much higher than the aggregate profit of ₹466.4 crore of public-sector banks?

A. HDFC Bank B. YES Bank C. Bandhan Bank D. Kotak Mahindra Bank Answer: C

Q6. Which of the following has introduced ‘Project Zero’ in India?

A. Flip kart B. Myntra C. Snap deal D. Amazon Answer: D

Q7. As per section 17 of Banking Regulation Act 1949, every banking company incorporated in India is required to transfer to statutory reserve at least:

A. 50% of profit after dividend B. 20% of profit before dividend C. 15% of total profits D. 20% of total profits Answer: B

Q8. The minimum balance in the savings account is prescribed by:

A. IBA B. RBI C. Banks themselves D. BIS Answer: C

Q9. Which of the following act gives legal status to a digital signature?

A. Income Tax Act 1961 B. Right to Information Act 2005 C. RBI Act 1934 D. Information Technology Act 2000 Answer: D

Q10. Asian Infrastructure Investment Bank (AIIB) is to lend a ________ loan to develop a suburban rail network in Mumbai.

A. $200 million B. $500 million C. $600 million D. $400 million Answer: B

Q11. Where is the HQ of Madura Micro Finance?

A. Kolkata B. Chennai C. Kochi D. Mangalore Answer: B

Q12. The day-long festival ‘Global Migration Film Festival (GMFF)’ was organised in which city?

A. Dhaka B. Bangkok C. New Delhi D. Kathmandu Answer: A

Q13. As per Moody,India’s Fiscal deficit will be at how much percent in FY 20?

A. 3.8% B. 3.5% C. 3.6% D. 3.7% Answer: D

Q14. India and which other country hold first ‘two-plus-two’ dialogue in New Delhi?

A. Bhutan B. China C. Russia D. Japan Answer: D

Q15. Where is the HQ of International Finance Corporation?

A. Rome B. New York C. Washington DC D. Paris Answer: C

Q16. The third edition of Khelo India Youth Games 2020 Logo was launched in which city?

A. Pune B. Guwahati C. New Delhi D. Kochi Answer: B

Q17. What is the rank of India in a global think tank’s list of countries most affected by terrorism?

A. 2nd B. 4th C. 7th D. 6th Answer: C

Q18. How much amount has been invested by International Finance Corporation (IFC) in Mahindra Finance to boost MSME lending?

A. 300 million dollars B. 100 million dollars C. 200 million dollars D. 150 million dollars Answer: C

Q19. The 21st Asian Archery Championships is being held in which city?

A. Bangkok B. Amsterdam C. Paris D. Gangtok Answer: A

Q20. Recently ISRO has transferred its indigenous technology to produce space-grade Li-Ion cells to which organisation?

A. CNRC B. Space X C. BHEL D. BEL Answer: C

Q21. Where will be the HQ of newly formed Baroda UP Bank?

A. Gorakhpur B. Lucknow C. Kanpur D. Varanasi Answer: A

Q22. India’s net revenue decreased by how much percent from Rs 4,913.00 crore in 2016-17 to Rs 1,665.61 crore in 2017-18, according to Comptroller and Auditor General of India (CAG)?

A. 55.10% B. 64.10% C. 65.89% D. 66.10% Answer: D

Q23. Recently Yasuhiro Nakasone has passed away.He was the former PM of which country?

A. China B. South Korea C. Spain D. Japan Answer: D

Q24. In which state, Indigenous Faith Day was celebrated on December 1?

A. Bihar B. Sikkim C. Assam D. Arunachal Pradesh Answer: D

Q25. Recently the government has notified amalgamation of how many RRBs into a single regional rural bank Baroda UP Bank?

A. 2 B. 5 C. 3 D. 4 Answer: C

Q26. Basel III capital regulations are based on 3 mutually reinforcing pillar. These pillars are:
I. Minimum Capital Standards
II. Supervisory Review of Capital Adequacy
III. Risk Management

A. Only I & II B. Only I & III C. Only II & III D. All are correct Answer: A

Q27. The Senior Wrestling National Championships is being held in which city?

A. Jalandhar B. New Delhi C. Kochi D. Gangtok Answer: A

Q28. When is National Pollution Control Day observed?

A. December 1 B. December 3 C. December 2 D. December 4 Answer: C

Q29. The two-day Regional Conference on ‘Ek Bharat Shreshta Bharat’ concluded in which city?

A. Lucknow B. Dehradun C. Jammu D. Shimla Answer: C

Q30. Recently Sudhir Dar passed away,He was associated with which profession?

A. Cricket B. Journalist C. Social Activist D. Cartoonist Answer: D

Q1. Inflation is measured by which index in India?

A. Wholesale Price Index B. Consumer Price Index C. Index of Agricultural Production D. National Domestic Product Answer: B

Q2. Which of the following activity does not come under Para Banking Services?

A. Insurance B. Portfolio Management C. Mutual Fund Business D. Giving credit Answer: D

Q3. Who among the following has an option to open a Non-Resident Ordinary Rupee (NRO) account?

A. Non-Resident of India (NRI) B. Person of Indian Origin (PIO) C. Overseas Citizen of India (OCI) D. All the above Answer: D

Q4. What are the loans taken from a lender and has to be repaid after a fixed interval of time are called?

A. Formal sector loans B. Informal sector loans C. General loans D. Commercial loans Answer: C

Q5. As per the data released by NPCI, the number of transactions over the Unified Payments Interface in August hit a record _________ with a total worth of ________.

A. 918 million, 1.54 lakh crore B. 1000 million, 10 lakh crore C. 1000 million, 7 lakh crore D. 918 million, 3.0 lakh crore Answer: A

Q6. What is the maximum amount that can be transferred through the Aadhaar Enabled Payment System (AEPS) per account per day?

A. Rs 25000 B. Rs 20000 C. Rs 15000 D. Rs 50000 Answer: D

Q7. In banking parlance, CDS stands for ________.

A. Corporate Debt Swap B. Corporate Dilution Scheme C. Credit Default Swap D. Credit Delivery Scheme Answer: C

Q8. In FINO PayTech, ‘I’ stands for ________.

A. International B. Initiative C. Institution D. Inclusion Answer: D

Q9. What does ‘N’ stand for in the important banking abbreviation NDTL?

A. National B. Net C. Numeric D. Nominal Answer: B

Q10. Which among the following determines the ability of any organization to meet the financial losses?

A. Liquidity Ratio B. Investment Ratio C. Leverage Ratio D. Transfer Ratio Answer: C

Q11. The 5th edition of the 2019 Global Exhibition on Services was held in which city

A. New Delhi, Delhi B. Pune, Maharashtra C. Bengaluru, Karnataka D. Hyderabad, Telangana Answer: C

Q12. Who among the following elected as the President of Mauritius?

A. Ammenah Gurib-Fakim B. Pravind Jugnauth C. Prithiviraj Singh Roopun D Kailash Purryag Answer: C

Q13. Who among the following created history by becoming the rst woman pilot of the Indian Navy?

A. Shivangi B. Avani Chaturvedi C. Mohana Singh D. Vaaruni Answer: A

Q14. Name the authors who won the 12th ‘Shakti Bhatt First Book Prize’ for his book, “Early Indians: The Story of Our Ancestors and Where We Came From“?

A. Tony Joseph B. Ruskin Bond C. Gregory David Roberts D. Taslima Nasrin Answer: A

Q15. Who was awarded 2019 Karmaveer Chakra by iCONGO and United Nations?

A. Anurag Dikshit B. Rahul Adhikari C. Aman Desai D. Sachin Tanwar Answer: B

Q16. Who among the following has been appointed as the speaker of the Maharashtra Legislative Assembly?

A. Dilip Walse Patil B. Nana Patole C. Kisan Kathore D. Vijayrao Bhaskarrao Auti Answer: D

Q17. Name the wrestler who won the gold medal in the senior national wrestling championships in the 77-kilogram category?

A. Harpreet Singh B. Sunil Kumar C. Gurpreet Singh D. Prabhal Answer: C

Q18. Name the senior women wrestler who won the gold medal in the senior national wrestling championships in the 55-kilogram category?

A Sakshi Malik B Anita C Gursharan Kaur D Vinesh Phogat Answer: D

Q19. The 24th session of the Conference of the States Parties to the Chemical Weapons Convention (CWC) was held in which place from 25th to 29th November, 2019?

A. Vienna, Austria B. Geneva, Switzerland C. The Hague, Netherlands D. Berlin, Germany Answer: C

Q20. In which place the Indian Army has successfully test-fired two Spike long-range anti-tank missiles?

A. Jodhpur, Rajasthan B. Pokhran, Rajasthan C. Mhow, Madhya Pradesh D. Pune, Maharashtra Answer: C

Q21. As per the Union Consumer Affairs Minister Ram Vilas Paswan by which date Hallmarking for Gold jewellery and artefacts will be mandatory?

A. 15th January 2020 B. 1st April 2020 C. 1st October D. 15th January 2021 Answer: D

Q22. Who will be honoured with the Billboard’s 2019 Woman of the Year award?

A. Billie Eilish B. Taylor Swift C. Rihanna D. Lady Gaga Answer: A

Q23. On November 26, 2019, the Indian Space Research Organisation (ISRO) has launched which satellite from Sriharikota in Andhra Pradesh by Polar Satellite Launching Vehicle C47?

A. EMISAT B. CARTOSAT 3 C. GSAT-31 D. Microsat-R Answer: B

Q24. Media mogul Subhash Chandra has resigned as Chairman of which media group?

A. India Today Group B. Zee Entertainment Enterprises C. Television Eighteen India D. Sony Entertainment Television Answer: B

Q25. Which state acquired the top position in NITI Aayog's Health Index?

A. Tamil Nadu B. Kerala C. Gujarat D. Karnataka Answer: B

Q26. The government reduced the Rate of ESI Contribution from 6.5% to ___.

A. 6. Per cent B. 5 per cent C. 4.5 per cent D. 4 percent Answer: D

Q27. Who has been appointed as the Administrator of Dewan Housing Finance Limited (DHFL) by Reserve Bank of India (RBI)?

A. R Subramaniakumar B. Kapil Wadhawan C. N S Kannan D. N S Venkatesh Answer: A

Q28. The Reserve Bank of India (RBI) has formed a ______ member Advisory Committee to assist Dewan Housing Finance Limited (DHFL) Administrator?

A. three B. four C. five D. six Answer: A

Q29. Under which act, Reserve Bank of India (RBI) has disclosed list of 30 major wilful defaulters of India?

A. Banking Regulation Act, 1949 B. Right to Information Act, 2005 C. Reserve Bank of India Act, 1934 D. Prevention of Money Laundering Act, 2002 Answer: B

Q30. According to the latest Economic Outlook 2019 released by Organisation for Economic Co-operation and Development (OECD), what is the World GDP growth for the year 2020?

A. 2.1% B. 3.2% C. 4.6% D. 4.9% Answer: B

Q1. "Refund Banker Scheme" has been launched by which of the following?

A. IBA B. RBI C. SEBI D. Income Tax Department Answer: D

Q2. A Business Entity entered into two or more business entities, known as______.

A. Mergers B. Amalgamation C. Joint Venture D. Partnership Answer: C

Q3. As per the statement of Finance Minister, nearly how many percents of depositors of PNB & Maharashtra Co-operative Bank has been allowed to withdraw their entire deposits?

A. 54% B. 65% C. 85% D. 78% Answer: D

Q4. Who has been appointed as the first chairman of the steering committee of the Code for Responsible Lending in micro-credit.?

A. H. R. Khan B. Sonia Krishnakutty C. K. R. Khan D. P. Satish Answer: A

Q5. Recently, Walmart launched a co-branded credit card in partnership with which bank?

A. HDFC Bank B. ICICI Bank C. Citi Bank D. Axis Bank Answer: A

Q6. International Finance Corporation has invested how much amount in Mahindra and Mahindra financial services to create a dedicated pool of financing for MSMEs in low-income states.

A. USD 600 million B. USD 100 million C. USD 250 million D. USD 200 million Answer: D

Q7. In "RTA" what does 'T' refers to which of the following?

A. Term B. Transfer C. Trade D. Tax Answer: B

Q8. What is India's rank in Global Diplomacy Index 2019?

A. 15 B. 14 C. 61 D. 12 Answer: D

Q9. The act of putting a lapsed policy back into force, after the grace period has expired is known as which of the following?

A. Installment B. Mitigation C. Reinstatement D. Indemnity Answer: C

Q10. The ‘World Development Report’ is released by which institute?

A. World Bank B. Asian Development Bank C. International Monetary Fund D. International Labor Organization Answer: C

Q11. Checks that are issued by a bank and function as cash but are protected against loss or theft are called-

A. Traveler's check B. Negotiable check C. Crossed check D. Special check Answer: A

Q12. Exchange control was introduced in India under the Defense of India Rules on _________.

A. 11-Sep-1939 B. 21-Sep-1939 C. 13-Sep-1939 D. 3-Sep-1939 Answer: D

Q13. External Affairs Minister S. Jaishankar embarked his first bilateral visit to ______.

A. Bangladesh B. Bhutan C. Nepal D. Indonesia Answer: B

Q14. In which city G-20 Finance Ministers and Central Bank Governors 2019 annual spring meeting was held?

A. Washington, DC., US B. Seoul, South Korea C. Brasília, Brazil D. Moscow, Russia Answer: A

Q15. The Global Hunger Index (GHI) is jointly published by Concern worldwide and Welthungerhilfe. What is the rank of India among 117 countries?

A. 100th B. 101st C. 102nd D. 103rd Answer: C

Q16. In which year Liberalized Exchange Rate Management System (LERMS) was instituted?

A. Mar-90 B. Mar-91 C. Mar-92 D. Mar-93 Answer: C

Q17. Micro credit in India comes under _________.

A. Private Banking B. NBFC C. Rural Banking D. Cooperative Banking Answer: B

Q18. State Bank of India was earlier known as:

A. Bank of Hindustan B. Imperial Bank of India C. Bank of Calcutta D. Bank of Maharashtra Answer: B

Q19. The concept of mutual funds was found in which country?

A. China B. Japan C. India D. Belgium Answer: D

Q20. The Industrial Development Bank of India was set up as a wholly owned subsidiary of ____________.

A. RBI B. SBI C. SEBI D. IRDA Answer: A

Q21. What is the minimum paid-up equity capital for small finance banks?

A. Rs 100 crore B. Rs 500 crore C. Rs 10 crore D. Rs 200 crore Answer: A

Q22. Which sector contributes most to India's economy?

A. Construction sector B. Agricultural sector C. Small industry D. Service sector Answer: D

Q23. Which of the following institute provide loan for long term development of a country?

A. International monetary fund (IMF) B. The International Development Association (IDA), C. The International Finance Corporation (IFC), D. The Multilateral Investment Guarantee Agency (MIGA) Answer: B

Q24. Which of the following payment technology company, has signed up the world badminton champion Pusarla Venkata Sindhu as its brand ambassador for two years?

A. Master Card B. Rupay Card C. Visa Card D. Maestro Card Answer: C

Q25. SBI Card launched ‘SBI Card Pay’. It is based on which technology?

A. Hide Card Emulation B. Host Credit Emulation C. Hide Credit Emulation D. Host Card Emulation Answer: D

Q26. What is the full form of FATF?

A. Financial Action Task Force B. Freedom Action Task Force C. Financial Act Task Force D. Freedom Act Task Force Answer: A

Q27. Which of the following councils announced the establishment of aerospace and defense industry group?

A. UK Greek Business Council B. India Greek Business Council C. China India Business Council D. UK India Business Council Answer: D

Q28. ‘The Vault of Vishnu’ book written by which of the following?

A. Amish Tripathi B. Devdutt Pattanaik C. Sunil Dalal D. Ashwin Sanghi Answer: D

Q29. The 135th birth anniversary of which Indian President was celebrated on 3 December 2019?

A. Dr. A. P. J. Abdul Kalam B. Dr. Rajendra Prasad C. Sarvepalli Radhakrishnan D. Zakir hussain Answer: B

Q30. Which of the following has become the first country to completely digitalize the Haj process?

A. Pakistan B. India C. Israel D. Iraq Answer: B

Q1. CERSAI has been set up under which Act.

A. SARFAESI-act B. CGTMSE act C. Transfer property act D. Registration act Answer: A

Q2. Maximum amount of claim that can be filed in Lok Adalat.

A. 20 lakh B. 10 lakh C. 05 lakh D 12 lakh Answer: A

Q3. If Garnishee Order is received without description of amount-

A. Full amount to be attached B. Ask clarification immediately from court regarding amount C. Issue a notice to customer about the order & amount if any notice is received by him D. Account not be attached till clarity about the amount Answer: A

Q4. CGTSME has been set up by.

A. Govt. of India B. SIDBI C. RBI D. A & B jointly Answer: D

Q5. Expand MUDRA bank.

A. Micro units’ development & reconstruction account B. Major units’ development & Refinance Agency C. Micro Units Development and Refinance Agency D. Managing units for development and reconstruction Agency Answer: C

Q6. Pari-passu charge is.

A. Fixed charge B. Floating charge C. Charge due to GOVT dues D. Charge in favor of many creditors on equal footing. Answer: D

Q7. Safe custody of Articles is covered under which Act.

A. Indian Contract Act B. India safety act C. Transfer property act D. NI act Answer: A

Q8. Final date for implementation of Basel III in India?

A. 01.01.2019 B. 31.03.2019 C. 31.03.2018 D. 01.01.2018 Answer: B

Q9. Target for Weaker section loan are ___ % of ANBC.

A. 10 B. 5 C. 15 D. 12 Answer: A

Q10. Maximum period of FCNR (B) deposit.

A. 3 years B. 5 years C. 2 years D. 10 years Answer: B

Q11. The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes?

A. 5 B. 6 C. 9 D. 11 Answer: D

Q12. The bank or financial institution that invests equity capital directly in businesses and often provides those businesses with advisory services is known as

A. Scheduled Bank B. Commercial bank C. Merchant Bank D. RRB Answer: C

Q13. What is the 'First Life Insurance Company' in India established in 1818?

A. New India Assurance Company Limited B. Life insurance Corporation C. Oriental Life Insurance Company D. United India Insurance company limited Answer: C

Q14. The Reserve Bank of India (RBI) has issued the final guidelines suggesting on ‘NSFR’ to ensure that banks have sufficient stable sources of funding to finance their activities over the long term. What does ‘S’ stands in NSFR?

A. Standing B. Statutory C. Simplified D. Stable Answer: D

Q15. The Integrated Grievance Management System (IGMS) is an online consumer complaints registration system which is created by:

A. RBI B. IRDAI C. SEBI D. LIC Answer: B

Q16. The investments made by banks in non-SLR bonds held in the held-to-maturity category or credit equivalent amount of off-balance-sheet exposure, whichever is higher is called ANBC. What does ‘C’ stand in 'ANBC’?

A. Credit B. Code C. Capital D. Corporate Answer: A

Q17. Bharat QR is a QR based payment solution which represents a new channel of initiating and accepting payments between buyers and sellers using a mobile phone. What does the letter ‘R’ represent in ‘QR’ code?

A. Readable B. Result C. Response D. Requiring Answer: C

Q18. In 2014, Reserve Bank of India (RBI) established a fund ‘DEAF’, which comprises of unclaimed funds of depositors. What is the expand form of “DEAF”?

A. Depository Electronic and Account Fund B. Depositor Exchange and Account Fund C. Data Exchange and Amount Facility D. Depositor Education and Awareness Fund Answer: D

Q19. What does "U" stand for in 'AMRUT'?

A. Union B. Urban C. United D. Universal Answer: B

Q20. What does letter ‘M’ denote in the banking term MCLR?

A. Money B. Marginal C. Maximum D. Mobile Answer: B

Q21. The nodal Department of Financial Services has approved the ₹12,000 crore capital infusion plan in the three state-run general insurance companies as their financial conditions are very weak. Which of the following insurance company is not the part of this?

A. National Insurance Company Ltd. B. Oriental insurance Company Ltd. C. GIC D. United India insurance Company Ltd. Answer: C

Q22. Which of the following Payment Banks has launched ‘Bharosa’ savings account services, designed for deepening the financial inclusion in the country that would offer Rs 5 lakh personal accident insurance on maintaining the balance of Rs 500 along with one debit transaction per month?

A. India Post Payments Bank B. Jio Payments Bank C. Fino Payments Bank D. Airtel Payments Bank Answer: D

Q23. In its new draft guidelines, Reserve Bank of India has revised the promotors shareholding in Small Finance Banks (SFBs) and the promoter’s stake should be lowered to 15 percent in how many years?

A. 5 years B. 8 years C. 10 years D. 15 years Answer: D

Q24. Ministry of Labour and Employment recently notified what rate of interest on Provident Fund deposits?

A. 8.55% B. 8.6% C. 8.45% D. 8.65% Answer: D

Q25. Which of the public sector banks along with State Bank of India has limited the cash withdrawals of customers using micro-ATMs of other banks to 4 times in a month?

A. Bank of India B. Bank of Baroda C. Indian Bank D. Punjab National Bank Answer: B

Q26. Aditya Birla Health Insurance Co. Limited (ABHICL) has signed an agreement with which fin-tech platform to offer affordable health insurance plans to mobile-first middle-class Indian consumers?

A. Paytm B. Google Pay C. Mobikwik D. Amazon Pay Answer: C

Q27. Which company has decided to acquire 100 % stake in Madura Micro Finance Limited (MMFL) for Rs. 876 crores?

A. Aditya Birla Finance Limited B. Bajaj Finserv C. Credit Access Grameen Limited (CAGL) D. Aavas Financiers Answer: C

Q28. Who is the Managing Director (MD) & Chief Executive Officer (CEO) of India First Life Insurance?

A. RM Vishakha B. Kalpana Morparia C. Mallika Srinivasan D. Neelam Dhawan Answer: A

Q29. According to the latest Economic Outlook 2019 released by Organisation for Economic Co-operation and Development (OECD), what is the World GDP growth for the year 2020?

A. 2.1% B. 3.2% C. 4.6% D. 4.9% Answer: B

Q30. For which state’s Integrated and Sustainable Water Resources Management Investment Program the Government of India has signed USD 91 million loans with Asian Development Bank (ADB)?

A. Haryana B. Karnataka C. Tamil Nadu D. Gujarat Answer: B

Q1. Which major market segments are under the regulatory ambit of the Reserve Bank of India?

A. Interest rate markets B. Government Securities market C. Money markets D. All of these Answer: D

Q2. ____________ refers to economic condition where economic growth is very slow and prices are rising.

A. Inflation B. Deflation C. Stagflation D. Hyperinflation Answer: C

Q3. Which of the following operation cannot be done by Small Finance Banks?

A. Sell Forex B. Sell MF C. Can convert to full-fledge bank D. Grant Large Loans Answer: D

Q4. Which of the following statement is/are true about NABARD?

A. It was established on the recommendations of B.Sivaramman Committee B. Its Headquarter is located in Mumbai C. Harsh Kumar Banwala is tha Chairman of NABARD D. All of the Above Answer: D

Q5. What is the tagline of IndusInd Bank?

A. Your Perfect Banking Partner B. We Make You Feel Richer C. Prosperity for All D. Together we can Answer: B

Q6. NASDAQ is a stock exchange of which of the following country?

A. China B. United States C. Japan D. United Kingdom Answer: B

Q7. If Reserve Bank of India reduces the Bank Rate, what will be its impact?

A. Liquidity decrease B. Liquidity increase C. No change in liquidity D. All of these Answer: B

Q8. Current Bank rate_____.

A. 4.50 B. 5.25 C. 5.40 D. 6.00 Answer: C

Q9. In which year the financial market reforms begin with Sukhamoy Chakravarty and Vaghul Committee?

A. 1980 B. 1982 C. 1987 D. 1985 Answer: D

Q10. Which was the first Indian RRB that achieved Core Banking Solution (CBS) in 2011?

A. Pallavan Bank B. Rushikulya Gramya Bank C. Allahabad UP Gramin Bank D. Bangiya gramin Vikash Bank Answer: B

Q11. Unified Payments Interface (UPI) has built on the __________________ platforms.

A. Initial Payment Service B. Immediate Paid Scheme C. Income Payment Service D. Immediate Payment Service Answer: D

Q12. The letter ‘Tola’ is popularly used to measure

A. Silver B. Bronze C. Diamond D. Gold Answer: D

Q13. Where is Grand Canyon located?

A. South Australia B. Antarctica C. Spain D. Arizona Answer: D

Q14. In which of the following states is the Kundankulam Nuclear Power Plant located?

A. Tamilnadu B. Karnataka C. Kerala D. Andhra Pradesh Answer: A

Q15. The annual festival of worship of 14 Gods, popularly known as Kharchi Puja was celebrated in ___.

A. Andhra Pradesh B. Tamil Nadu C. Tripura D. Assam Answer: C

Q16. Keibul Lamjao, world's only floating national park is located in which of the following states?

A. Assam B. Tripura C. Manipur D. Arunachal Pradesh Answer: C

Q17. The headquarters of the World Economic Forum (WEF) is located in _____________.

A. Washington D.C. B. New York C. Geneva D. Vienna Answer: C

Q18. The Indira Gandhi Krishi Vishwavidyalaya (IGKV) is located in which state of India?

A. Chhattisgarh B. Uttar Pradesh C. Madhya Pradesh D. Rajasthan Answer: A

Q19. In which state, Dachigam Wildlife Sanctuary is located?

A. Kerala B. Madhya Pradesh C. Jammu and Kashmir D. Haryana Answer: C

Q20. Indira Gandhi Wildlife Sanctuary and National Park located in which state or Union territory?

A. Karnataka B. Tamilnadu C. Andaman and Nicobar Island D. Andhra Pradesh Answer: B

Q21. Mahadayi river originates in which state?

A. Goa B. Maharashtra C. Karnataka D. Madhya Pradesh Answer: C

Q22. Guru Ghasidas National Park is located in which state which is set to become the state’s 4th ‘tiger reserve’?

A. Uttar Pradesh B. Haryana C. Madhya Pradesh D. Chhattisgarh Answer: D

Q23. Dr. Shyama Prasad Mukherjee Indoor Stadium is located at which city?

A. Sri Nagar, Jammu & Kashmir B. Punji, Goa C. Mumbai, Maharashtra D. Pune, Maharashtra Answer: B

Q24. In Which state is the Sardar Patel Zoological Park located?

A. Gujarat B. Maharashtra C. Madhya Pradesh D. Rajasthan Answer: A

Q25. Chandaka Dampara Wildlife Sanctuary is located in which state?

A. Arunachal Pradesh B. Meghalaya C. Assam D. Odisha Answer: D

Q26. Maharaj Maharaj Bir Bikram Airport is located in which city?

A. Guwahati B. Dispur C. Imphal D. Agartala Answer: D

Q27. Which of the following country has been accorded the ‘Partner Country’ of the 39th edition of India International Trade Fair (IITF) 2019?

A. South Korea B. Afghanistan C. Uzbekistan D. Ukraine Answer: B

Q28. The 5th edition Indian International Science Festival (IISF) will be organized in which place from 5th to 8th November 2019?

A. Bengaluru B. Hyderabad C. Bhopal D. Kolkata Answer: D

Q29. Nuakhai Juhar, a harvest festival welcoming the newly harvest crop of the season is celebrated in which state annually?

A. Odisha B. West Bengal C. Tripura D. Assam Answer: A

Q30. The 4th International Cherry Blossom Festival 2019 was celebrated in which state?

A. Manipur B. Sikkim C. Meghalaya D. Assam Answer: C

Q1. "A closed economy" is an economy in which ____________ .

A. The money supply is fully controlled B. Deficit financing takes place C. Only exports take place D. Neither exports nor imports take place Answer: D

Q2. "The name you can bank upon” is the Tagline of which bank?

A. Punjab National Bank B. State Bank of India C. Bank of Baroda D. Bank of India Answer: A

Q3. An Increase in Cash Reserve Ratio (CRR) by Reserve Bank of India leads to -----------

A. Decrease in deposit B. Increase in deposit C. The decrease in lendable resources D. Increase in lendable resources Answer: C

Q4. UPI is launched by the NPCI (National payment corporation of India), what is the full form of UPI?

A. Unified Payment Interface B. Universal Payment Interface C. Unified Payment Interpreter D. Universal Prime Interface. Answer: A

Q5. Loans of very small amounts given to low income groups is called _________.

A. Cash Credit B. Microcredit C. Simple overdraft D. No frills loans Answer: B

Q6. Union Budget is always presented in front of -

A. Meeting of the Union Cabinet B. State Assemblies C. Joint Session of the Parliament D. Lok Sabha Answer: D

Q7. What is the maximum period for accepting the domestic term deposits by banks in our country?

A. 3 years B. 5 years C. 7 years D. 10 years Answer: D

Q8. Where is the headquarter of Indian Overseas Bank?

A. Lucknow B. Kolkata C. New Delhi D. Chennai Answer: D

Q9. Which of the following is not a source of funds of a commercial bank?

A. Capital B. Borrowings from RBI C. Call money borrowings D. Deposits Answer: A

Q10. What is the Executive capital of South Africa?

A. Pretoria B. Bloemfontein C. Cape Town D. Moscow Answer: A

Q11. Who has been appointed as the Administrator of Dewan Housing Finance Limited (DHFL) by Reserve Bank of India (RBI)?

A. R Subramaniakumar B. Kapil Wadhawan C. N S Kannan D. N S Venkatesh Answer: A

Q12. Which of the following became the first company to list its commercial papers on the stock exchanges?

A. Bajaj Finserv B. American Express Bank Ltd. India C Aditya Birla Finance Ltd (ABFL D. Edelweiss Securities Ltd. Answer: C

Q13. The Securities and Exchange Board of India (SEBI) has doubled the minimum investment limit for clients of Portfolio Management Services to _______.

A. Rs 40 lakh B. Rs 50 lakh C. Rs 80 lakh D. Rs 100 lakh Answer: B

Q14. On 20th November 2020, the Reserve Bank of India (RBI) has superseded the board of which of the following housing finance companies as it "intends to shortly" initiate the process of insolvency?

A. Dewan Housing Finance Corporation Limited (DHFL) B. HDFC Housing Finance C. Indiabulls Housing Finance Limited D. L&T Housing Finance Limited Answer: A

Q15. Which of the following states has received the approval from Reserve Bank of India for setting up its own Bank, by amalgamating 13 district co-operative banks (DCBs) with its State Co-operative Bank?

A. Maharashtra B. Rajasthan C. Utter Pradesh D. Kerala Answer: D

Q16. Which of the following banks signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund (NIIF) to provide a boost to infrastructure financing?

A. Punjab National Bank B. Bank of India C. State Bank of India D. Bank of Baroda Answer: C

Q17. Who has authored the book titled “The First Sikh: The Life and Legacy of Guru Nanak” which describes the majestic and magisterial portrait of the life and legacy of Guru Nanak?

A. Nayantara Sahgal B. Nikky-Guninder Kaur Singh C. Jerry Pinto D. Preeti Shenoy Answer: B

Q18. Who is the author of the Man Booker Prize-shortlisted novel ‘Suncatcher’ set to release in November 2019?

A. Salman Rushdie B. Romesh Gunesekera C. Margaret Atwood D. Bernardine Evaristo Answer: B

Q19. Who is the author of the book titled “The Unquiet River: A biography of the Brahmaputra”?

A. Arupjyoti Saikia B. Himanjali Sankar C. Homen Borgohain D. Mamoni Raisom Goswami Answer: A

Q20. Vyas Samman is given for excellence in the field of _____.

A. Film B. Literature C. Dance D. Music Answer: B

Q21. Who will be honoured with the Billboard’s 2019 Woman of the Year award?

A. Billie Eilish B. Taylor Swift C. Rihanna D. Lady Gaga Answer: A

Q22. Which of the following Indian companies was conferred with the ‘Golden Peacock Award for Sustainability’ 2019 for its efforts in providing cleaner and green energy, in order to minimize environmental impact?

A. NTPC Ltd. B. NHPC Ltd. C. Power Grid Corporation India Ltd. D. Tata Power Company Ltd. Answer: A

Q23. Which of the following becomes the first country to make the entire Haj process digital?

A. Indonesia B. India C. Bangladesh D. Pakistan Answer: B

Q24. Name the wrestler who won the gold medal in the senior national wrestling championships in the 87-kilogram category?

A. Harpreet Singh B. Sunil Kumar C. Gurpreet Singh D. Prabhal Answer: B

Q25. In which place the Indian Army has successfully test-fired two Spike long-range anti-tank missiles?

A. Jodhpur, Rajasthan B. Pokhran, Rajasthan C. Mhow, Madhya Pradesh D. Pune, Maharashtra Answer: C

Q26. For the first time ‘Mine Countermeasure Exercise (MINEX) 2019’ was conducted between India and which country?

A. USA B. Singapore C. Japan D. Malaysia Answer: C

Q27. On November 26, 2019, the Indian Space Research Organisation (ISRO) has launched which satellite from Sriharikota in Andhra Pradesh by Polar Satellite Launching Vehicle C47?

A. EMISAT B. CARTOSAT 3 C. GSAT-31 D. Microsat-R Answer: B

Q28. Which country’s floating school project has won the Aga Khan Architecture Award 2019?

A. Sri Lanka B. India C. Indonesia D. Bangladesh Answer: D

Q29. Two-day Air Force Commanders' Conference was held in which city?

A. Bhopal B. Pune C. New Delhi D. Dehradun Answer: C

Q30. Which scheme was launched by the Assam government for the registered newly married couples, under which an amount of 30 thousand rupees will be given to the bride to purchase gold?

A. Kanyadan Swarn Yojna B. Shubh Lagan Gold Scheme C. Kanya Samman Gold Scheme D. Arundhati Gold Scheme Answer: D

Q1. The RBI regulates the Commercial Banks in matters of

A. Mergers of Banks B. Branch Expansion C. Liquidity of assets D. All the above Answer: D

Q2. Extreme forms of markets are?

A. Oligopoly: Monopoly B. Perfect Competition: Monopoly C. Perfect Competition: Monopolistic Competition D. Perfect Competition: Oligopoly Answer: B

Q3. In Indian Economy, which of the following is also called Narrow Money?

A. M1 B. M2 C. M3 D. M4 Answer: A

Q4. Variation in Cash Reserve Ratio and Open Market Operations are instruments of?

A. Budgetary Policy B. Trade Policy C. Monetary Policy D. Fiscal Policy Answer: C

Q5. Goods which are meant either for Consumption or Investment are called as?

A. Final Goods B. Giffen Goods C. Inferior Goods D. Intermediate Goods Answer: A

Q6. The famous three P’s of Environmental Awareness are?

A. People, Poverty and Politics. B. Power, Production and Pollution. C. Population, Politics and Price. D. Population, Povert and Pollution. Answer: C

Q7. Brent Index is associated with which one of the following?

A. Inflation B. Crude Oil Price C. Gold Price D. Export Rate Index Answer: B

Q8. The non expenditure cost which arises when the producing firm itself owns and supplies certains factors of production are?

A. Replacement Costs B. Explicit Costs C. Original Costs D. Implicit Costs Answer: D

Q9. A part of National Debt known as External Debt is the amount?

A. Lent by its Citizens to Foreign Government. B. Amount borrowed by its citizens from abroad. C. Lent by its Government to the foreign Government. D. Borrowed by its Government from abroad. Answer: D

Q10. Which one of the following is not the method for Computing GNP?

A. Expenditure Approach B. Income Approach C. Suppliers’ Preferences D. Consumer Preferences Answer: B

Q11. The Reserve Bank of India has revised the currency swap arrangement framework of which of the following intergovernmental organizations?

A. South Asian Association for Regional Cooperation (SAARC) B. Shanghai Cooperation Organizations (SCO) C. Association of Southeast Asian Nations (ASEAN) D. Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Answer: A

Q12. Which group of two banks has signed a pact with Ashok Leyland (ALL) for commercial vehicle nancing?

A. Yes Bank and HDFC Bank B. ICICI bank & Indian Bank C. Axis bank & ICICI bank D. Axis bank & HDFC Bank Answer: C

Q13. Which of the following becomes the rst Indian company to cross Rs 9.5 lakh crore in market capitalization (m-cap)?

A. Tata Consultancy Services (TCS) B. Hindustan Unilever C. HDFC Bank D. Reliance Industries Limited (RIL) Answer: D

Q14. Who has been appointed as the Administrator of Dewan Housing Finance Limited (DHFL) by Reserve Bank of India (RBI)?

A. R Subramaniakumar B. Kapil Wadhawan C. N S Kannan D. N S Venkatesh Answer: A

Q15. The Reserve Bank of India (RBI) has formed a ______ member Advisory Committee to assist Dewan Housing Finance Limited (DHFL) Administrator?

A. three B. four C. five D. six Answer: A

Q16. With which of the following organizations the Singapore Fintech Association (SFA) signed a Memorandum of Understanding (MoU) for cooperation for development of ntech technology in both the nation?

A. Associated Chambers of Commerce & Industry of India (ASSOCHAM) B. Confederation of Indian Industry (CII) C. Federation of Indian Chambers of Commerce & Industry (FICCI) D. Federation of Indian Export Organizations Answer: C

Q17. In which of the following countries a soft launch of the acceptance of BHIM-UPI QR based payments was scheduled thus the BHIM app has gone international for the rst time?

A. United Arab Amirate B. Singapore C. Hong Kong D. Japan Answer: B

Q18. From which date the savings bank account customers will not be charged for online transactions in the NEFT or National Electronic Funds Transfer system?

A. December 2019 B. January 2020 C. March 2020 D. April 2020 Answer: B

Q19. As per the Sample Registration System (SRS) Bulletin-2016, released on November 07, 2019, the Maternal Mortality Ratio (MMR) in India has decreased by _____ since 2013

A. 21. 5% B. 23.8% C. 26.9 % D. 29.9% Answer: C

Q20. The Reserve Bank of India has increased the household income limits for borrowers of Non-Banking Financial Companies (NBFCs) and micronance institutions (MFIs) from 1 lakh to ____.

A. 1.25 lakh rupees. B. 1.50 lakh rupees. C. 1.75 lakh rupees. D. 2.00 lakh rupees Answer: A

Q21. Name the product that has been allocated a separate Harmonized System (HS) code by the Union Government to give an impetus to the export of it?

A. Gems & Jewelry B. Cotton Fabrics C. Khadi D. Pharmaceuticals Answer: C

Q22. Which of the following Small Finance Banks has launched an instant digital savings account (SA) along with Fixed Deposit (FD) and Privilege Savings Account to offer distinctive banking and digital services to its customers?

A. Janalakshmi Small Finance Bank B. Equitas Small Finance Bank C. A U Small Finance Bank D. Ujjivan Small Finance Bank Answer: D

Q23. Name the Application unveiled by the Finance Minister Nirmala Sitharaman that will facilitate hassle-free and faster clearance by Customs at the airports and enhance the experience of international tourists and other visitors at the airports?

A. ICEDASH B. ATITHI C. AGANTUK D. AGAMAN Answer: B

Q24. According to the Organization for Economic Co-operation and Development (OECD), what would be India’s Gross Domestic Product (GDP) growth rate in the years 2020-24?

A. 6.0% B. 6.3% C. 6.6% D. 6.8% Answer: C

Q25. Name the insurance rm which has received the in-principle approval from insurance regulator IRDAI to act as a direct insurance broker?

A. Aditya Birla Sun Life Insurance Co. Ltd. B. Religare Health Insurance Company Limited C. Acko General Insurance D. BSE-Ebix Insurance Broking Pvt Ltd Answer: D

Q26. As per the 17th edition of the World Bank’s “Doing Business 2020-Comparing Business Regulation in 190 Economies”, what is India's rank?

A. 87th B. 81st C. 75th D. 63rd Answer: D

Q27. The Insurance Regulatory and Development Authority of India (IRDAI) has imposed penalties of Rs 1.01 crore on which general insurance company?

A. Bajaj Allianz General Insurance B. DHFL General Insurance C. Edelweiss General Insurance D. Cholamandalam MS General Insurance Company Ltd. Answer: D

Q28. What is the repo rate as per the 4th Bi-Monthly Monetary Policy statement for FY 20 ?

A. 4.90% B. 5.15% C. 5.25% D. 5.35% Answer: B

Q29. Who among the following has been appointed as the whole-time member of Insolvency and Bankruptcy Board of India (IBBI) for a period of 5 years?

A. Rajiv Gauba B. J. P. S. Chawla C. Sudhaker Shukla D. K Subramaniam Answer: C

Q30. Which of the following life insurance companies has launched a rst-of-its-kind video calling service within the life insurance industry called i-SERV to enhance the customer experience and provide resolutions to the queries of its customers?

A. Life Insurance Corporation of India B. Bajaj Allianz Life Insurance C. ICICI Prudential Life Insurance Co. Ltd. D. SBI Life Insurance Co. Ltd. Answer: B

Q1. The Complaint Management System (CMS) is a software application launched by _________________ on its website.

A. RBI B. IRDAI C. SBI D. TRAI Answer: A

Q2. CCI has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank recently. What is the full form of CCI?

A. Competition Commission of International B. Competition Commission of India C. Competition Corporation of India D. Central Commission of India Answer: B

Q3. OLTAS is used to maintain the records of banks paid through banks through online upload of challan details. What is the acronym for OLTAS?

A. Online Text accounting Service B. Online Tax accounting Service C. Online Tax accounting System D. Online Tax activation System Answer: C

Q4. NPCI aims to allow all Indian citizens to have unrestricted access to e-payment services. What is the acronym for C in NPCI?

A. Credit B. Company C. Cash D. Corporation Answer: D

Q5. A _______ is a negotiable instrument similar to a bill of exchange that can be issued to a client, directing another bank or one of its own branches to pay a certain sum to the specified party.

A. Crossed Cheque B. Demand Draft C. Cheque D. Bill Answer: B

Q6. The RBI is planning to introduce a dedicated IVR system to track the status of complaints. What is the full form of IVR?

A International Voice Response B Interactive Vehicles Response C Interactive Voice Response D Indian Voice Response Answer: C

Q7. The Reserve Bank of India has advised all Scheduled Commercial Banks to adopt Education Loan Scheme, formulated by Indian Banks Association. In this scheme, the Collateral free loans upto Rs _______________ under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL)

A. Rs 10 Lakh B. Rs 7.5 Lakh C. Rs 15 Lakh D. Rs 20 Lakh Answer: B

Q8. The Reserve Bank relaxed the leverage ratio (LR) to _____________ for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks.

A. 4.00% B. 5.50% C. 4.50% D. 5.00% Answer: A

Q9. The Reserve Bank of India has advised all Scheduled Commercial Banks to adopt Education Loan Scheme, formulated by Indian Banks Association. In this scheme, loan upto Rs ____________ lakh for study in India and uptoRs _____________ lakh for study abroad

A. Rs 40 lakh, Rs 60 lakh B. Rs 20 lakh, Rs 40 lakh C. Rs 50 lakh, Rs 70 lakh D. Rs 10 lakh, Rs 20 lakh Answer: D

Q10. A savings as well as current account should be treated as inactive if there are no transactions in the account for over a period of _____ months.

A. 24 months B. 30 months C. 12 months D. 06 months Answer: A

Q11. Which state has inked a Letter of Understanding (LoU) on “drink from tap mission” with the United Nations Children’s Fund (UNICEF)?

A. Maharashtra B. Uttarakhand C. Odisha D. Madhya Pradesh Answer: C

Q12. Recently PS Krishnan passed away.He was related to which field?

A. Actor B. Singer C. Author D. Politics Answer: D

Q13. Dal lake to be declared as an eco-sensitive zone (ESZ).It is situated in which state?

A. Assam B. Sikkim C. Odisha D. Jammu and Kashmir Answer: D

Q14. Who has become the 1st Indian man to win a gold medal at the Wushu World Championships?

A. Sanjay Chaturvedi B. Triloknath Awasthi C. Madhav Singh D. Praveen Kumar Answer: D

Q15. How many medical device parks approval was given by the central government?

A. 4 B. 2 C. 5 D. 6 Answer: A

Q16. Recently Tom Sole,Abiodun Abioye and Selladore Kumar were banned from which sports?

A. Basketball B. Football C. Tennis D. Cricket Answer: D

Q17. Where is the HQ of Vijaya Bank?

A. Kolkata B. Pune C. Mumbai D. Bengaluru Answer: D

Q18. Which state celebrated Boat festival on Kartik Purnima?

A. West Bengal B. Odisha C. Andhra Pradesh D. Karnataka Answer: B

Q19. What is the rank of India in the latest FIFA rankings?

A. 100 B. 102 C. 106 D. 104 Answer: C

Q20. According to report by Ookla, Broadband download speeds in India rose by how much percent during Q2-Q3 2019?

A. 11.5% B. 14.8% C. 15.5% D. 16.5% Answer: D

Q21. Recently Abhishek Nayar announced his retirement from which sports?

A. Baseball B. Football C. Tennis D. Cricket Answer: D

Q22. Which country became the first South Asian nation to criminalise several offences related to match-fixing?

A. Zimbabwe B. India C. Pakistan D. Sri Lanka Answer: D

Q23. Where is the HQ of Federal Bank?

A. New Delhi B. Mumbai C. Kochi D. Chennai Answer: C

Q24. What is the rank of India in the World Bank’s Ease of Doing Business 2020 survey?

A. 71 B. 83 C. 63 D. 92 Answer: C

Q25. After whose name,a Newly discovered spider species was named in Kerala ?

A. MS Dhoni B. Virat Kohli C. Sachin Tendulkar D. Saurav Ganguly Answer: C

Q26. The Global Bio-India 2019 will be held in which city?

A. New Delhi B. Mumbai C. Chennai D. Lucknow Answer: A

Q27. The promoter of which company has bagged Udyog Rattan Award from the Government recently?

A. Infosys B. TCS C. Intel D. Marg ERP Answer: D

Q28. Where is the HQ of FIFA?

A. Geneva B. Rome C. Madrid D. Zurich Answer: D

Q29. Recently the Central Government, Odisha government and the World Bank signed a loan agreement worth how much amount to support smallholder farmers in the state?

A. $165 million B. $150 million C. $200 million D. $145 million Answer: A

Q30. Where is the HQ of Bharat Electronics Limited?

A. Mumbai B. Bengaluru C. New Delhi D. Chennai Answer: B

Q1. In India, the first bank of limited liability, manages by Indians and founded in 1881 was-

A. Punjab National Bank B. State Bank of India C. State Bank of Bengal D. Oudh Commercial Bank Answer: D

Q2. Insurance cover for bank deposits in our country is provided by __________.

A. SBI B. DICGC C. GIC D. LIC Answer: B

Q3. Under whose chairmanship the Planning Commission was set up?

A. M.N. Roy B. P.K. Narayan C. J.L. Nehru D. S. Narayan Answer: C

Q4. Where is the headquarter of EXIM Bank located?

A. Mumbai B. Lucknow C. Hyderabad D. Pune Answer: A

Q5. Where is the Headquarters of New Development Bank (NDB)?

A. Brasília, Brazil B. Moscow, Russia C. New Delhi, India D. Shanghai, China Answer: D

Q6. Good People to grow with” is a Tagline of which Bank?

A. ICICI Bank B. Union Bank of India C. Allahabad Bank D. Indian Overseas Bank Answer: D

Q7. ASBA means __________.

A. Allotment Supported by Blocked Amount B. Application Supported by Blocked Amount C. Application Supported by Bank Account D. Allotment Supported by Bank Account Answer: B

Q8. 'The Doing Business Report' is prepared by which of the following organisations every year?

A. Asian Development Bank B. World Bank C. International Monetary Fund D. World Trade Organisation Answer: B

Q9. Who is the MD & CEO of Punjab National Bank?

A. Sunil Mehta B. Rajnish Kumar C. S. S. Mallikarjuna Rao D. Ms. Padmaja Chunduru Answer: C

Q10. A/An ______ cheque cannot be paid before its due date.

A. Anti-dated B. Dated C. Post-dated D. Crossed cheque Answer: C

Q11. NACO and Department of Social Justice and Empowerment (DoSJE) has signed a MoU to enhance outreach on AIDS prevention, address the risk of HIV transmission among all substance users and empower the discriminated and vulnerable groups such as victims of HIV/AIDS, drug abuse and female sex workers. What does letter ‘C’ stands for in NACO?

A. Center B. Care C Control D. Carrier Answer: C

Q12. The Integrated Grievance Management System (IGMS) is an online consumer complaints registration system which is created by:

A. RBI B. IRDAI C. SEBI D. LIC Answer: B

Q13. The investments made by banks in non-SLR bonds held in the held-to-maturity category or credit equivalent amount of off-balance-sheet exposure, whichever is higher is called ANBC. What does ‘C’ stand in 'ANBC’?

A. Credit B. Code C. Capital D. Corporate Answer: A

Q14. What does the letter 'N' stands for in 'NSFR' guidelines issued by RBI?

A. National B. Nominal C. Non D. Net Answer: D

Q15. Which of the following insurance companies has launched ‘Farmitra’ mobile app?

A. New India Assurance Company Limited B. United India Insurance Company C. Life Insurance of India D. Bajaj Allianz General Insurance Answer: D

Q16. Which of the following rating agencies has lowered the outlook on the government of India's ratings to ‘negative’ from ‘stable’?

A. Moody’s Investors Service B. Standard & Poor's C. Fitch Ratings D. CRISIL Answer: A

Q17. The Reserve Bank of India (RBI) has imposed a ne of Rs 5 lakh on which prepaid payment instrument?

A. Paytm B. Mobikwik C. Oxigen Services D. Vodafone M-Pesa Limited Answer: C

Q18. What is the repo rate as per the 4th Bi-Monthly Monetary Policy statement for FY 20 ?

A. 4.90% B. 5.15% C. 5.25% D. 5.35% Answer: B

Q19. Which of the following banks has tied up with Common Service Centre (CSC) e-Governance Services India Limited to expand its reach to villages and remote towns as banking correspondents?

A. HDFC Bank B. State Bank of India C. Axis Bank D. ICICI Bank Answer: D

Q20. The new version of Bharat Interface for Money app, BHIM 2.0 will now support how many additional languages with existing 13 languages?

A. 3 B. 4 C. 5 D. 6 Answer: A

Q21. On October 18, 2019, The Ministry of Finance notied that banks will not levy charges or merchant discount rate (MDR) on digital payments to the customers or merchants of the businesses with an annual turnover of more than __________ from 1 November 2019?

A. Rs. 25 crores B. Rs 50 crore C. Rs 75 crore D. Rs 100 crore Answer: B

Q22. The India arm of Netherlands-based Home Credit Group has tied up with which bank for joint lending to tap the large unbanked customer base across the country?

A. Yes Bank B. ICICI Bank C. Axis Bank D. Karur Vysya Bank Answer: D

Q23. Name the payment technology company which tied up with Indian Cricketer M.S. Dhoni to launch a nationwide initiative ‘Team Cashless India‘ to accelerate the acceptance and adoption of digital payments in India?

A. VISA B. Mastercard C. Rupay D. Paypa Answer: B

Q24. Who is the brand ambassador of payment technology major Mastercard which has launched campaign- ‘Team Cashless India’ to bring more merchants and customers on board with an aim to boost digital payments in India?

A. Sachin Tendulkar B. Virat Kohli C. Mahendra Singh Dhoni D. Rohit Sharma Answer: C

Q25. The International Monetary Fund (IMF) in its World Economic Outlook reduced the GDP growth rate of India for the nancial year 2019-20 to ________ from 7.3% as announced on July 2019.

A. 6.5% B. 6.3% C. 6.1% D. 6.0% Answer: C

Q26. Which of the following banks has announced to launch a new Fixed Deposit (FD) scheme ‘FD Health’ that will offer the dual benet of a xed deposit along with free critical illness coverage with a sum assured of Rs 1 lakh?

A. HDFC Bank B. Yes Bank C. Axis Bank D. ICICI Bank Answer: D

Q27. On October 12, 2019, The Asian Development Bank (ADB) and the Government of India (GoI) have signed the Tranche 2 loan agreement worth ______ to upgrade 754 kilometers of Rajasthan state highways and major district roads (MDRs) to two-lane or intermediate-lane standards.

A. $190 million B. $200 million C $220 million D. $250 million Answer: A

Q28. On October 12, 2019, the Asian Development Bank (ADB) and the Government of India (GoI) have signed a loan agreement worth $190 million to upgrade 754 kilometers of roads and highways in which state?

A. Maharashtra B. Rajasthan C. Madhya Pradesh D. Odisha Answer: B

Q29. With which of the following organizations the Government of India (GoI) has signed the Tranche 2 loan agreement worth $190 million to upgrade 754 kilometers of Rajasthan state highways and major district roads (MDRs)?

A. World Bank B. Asian Infrastructure Investment Bank C. International Monetary Fund D. Asian Development Bank Answer: D

Q30. Name the Prepaid Payment Instrument (PPI) issuer on which the Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 12.88 lakh for non-compliance with regulatory guidelines?

A. Smart Payment Solutions Pvt. Ltd. B. Citrus Payment Solutions Pvt Ltd. C. Vodafone M-Pesa Limited D. Balancehero India Private Limited Answer: D

Q1. What is the full form of ESCAP?

A. Ecological and Social Commission for Atlantic and Pacific B. Economical and Social Commission for Armenia and Portugal C. Economic and Social Committee for Australia and Panama D. Economic and Social Commission for Asia and Pacific Answer: D

Q2. C.D. Deshmukh was the first Indian Governor of RBI to have presented the Budget for which year?

A. 1947-48 B. 1948-49 C. 1950-51 D. 1951-52 Answer: D

Q3. ____________ refers to economic condition where economic growth is very slow and prices are rising.

A. Inflation B. Deflation C. Stagflation D. Hyperinflation Answer: C

Q4. Which of the following is also a bill of exchange?

A. Commercial Bills B. Promissory notes C. Share D. Fixed Deposit Answer: A

Q5. Where is the headquarters of General Insurance Company?

A. Mumbai B. Chennai C. New Delhi D. Gurugram Answer: A

Q6. Who is the Chairman and Managing Director of Small Industries Development Bank of India (SIDBI)?

A. Urjit Patel B. Upendra Kumar Sinha C. Mohammad Mustafa D. Ajay Tyagi Answer: C

Q7. How many digits are contained in IFSC?

A. 9 B. 10 C. 12 D. 14 Answer: D

Q8. Which of the following operation cannot be done by Small Finance Banks?

A. Sell Forex B. Sell MF C. Can convert to full-fledge bank D. Grant Large Loans Answer: D

Q9. The best indicator of economic development of any country is____.

A. Its agriculture B. Its transport C. Its gross production D. Its per capita income Answer: D

Q10. Which scheme is related to Rural Infrastructure?

A. PMSBY B. PMJJBY C. Standup India D. PMGSY Answer: D

Q11. Which of the following is related to financial inclusion?

A. Basic savings bank deposit account B. Personal Loans C. Investments D. Bio- Metric Test Answer: A

Q12. In MMID, “I” stands for_____.

A. Interest B. Infrastructure C. Information Answer: D

Q13. Discounting of bills of exchange is function of commercial banks.

A. Lending B. Borrowing C. Investment D. Agency Answer: A

Q14. Where is the Headquarters of MOODY’S?

A. Geneva, Switzerland B. New York, US C. London, UK D. Rome, Italy Answer: B

Q15. The Reserve bank of India was set up under the recommendation of which of the following commissions?

A. Phillip Commission B. Simon Commission C. Hunter Commission D. Hilton Young Commission Answer: D

Q16. Who is the chairman of Indian Bank’s Association?

A. Sunil Mehta B. Rajnish Kumar C. Rakesh Kumar D. Anshula Kant Answer: B

Q17. The National Company Law Appellate Tribunal (NCLAT) is a _____.

A. Statutory body B. Quasi-Judicial body C. Regulatory body D. Apex Body Answer: B

Q18. On the Rs.200 denomination has a Motif of ______ on the reverse.

A. Tajmahal B. Hampi with Chariot C. Sanchi Stupa D. Red Fort Answer: C

Q19. What is a Repo Rate?

A. It is a rate at which RBI sell government securities to banks B. It is a rate at which banks borrow rupees from RBI C. It is a rate at which RBI allows small loans in the market D. It is a rate which is offered by Banks to their most valued customers or prime customers Answer: B

Q20. Which country will host the annual G20 summit in 2022?

A. Japan B. China C. India D. Italy Answer: C

Q21. “Pure Banking Nothing Else” is a tagline of which Bank?

A. ICICI Bank B. UTI Bank C. SBI Bank D. HDFC Bank Answer: C

Q22. Banks in our country normally publicise that additional interest rates will be allowed on retail domestic term deposits of

A. Minors B. Married women C. Senior citizens D. Govt. Employees Answer: C

Q23. Exchange markets and over the counter markets are the types of which market?

A. Secondary market B. Riskier market C. Floating market D. Primary market Answer: A

Q24. In which of the following year USD has become the intervention currency for INR?

A. 1992 B. 1993 C. 1995 D. 1999 Answer: A

Q25. Lead Bank scheme was introduced in the year____.

A. 1975 B. 1966 C. 1969 D. 1977 Answer: C

Q26. Parliament enjoys the exclusive right to legislate on the subject contained in -

A. The Union list B. The Concurrent list C. The State list D. Both 1 and 2 Answer: A

Q27. What does MIGS stands for?

A. Minimum Income Group Scheme B. Middle Income Group Scheme C. Middle Incentive Group Scheme D. Minimum Incentive Group Scheme Answer: B

Q28. What is the upper limit of RTGS transactions?

A. Rs. 1 Lakh B. Rs. 2 Lakh C. Rs. 5 Lakh D. There is no upper limit Answer: D

Q29. Which of the following is/are associated with the fiscal policy?

A. Marginal Standing Facility B. Open Market Operation C. Devaluation of Currency 1. Only A and B 2. Only C 3. Only B and C 4. Only B Answer: B

Q30. Expand IFSC-

A. Indian Financial Statistical Committee B. Indian Financial System Code C. International Financial Statistical Committee D. International Financial System Code Answer: B