Q1. Foreign Institutional Investors must register with which of the following organizations in India to participate in the market?
A. NHB
B. RBI
C. SEBI
D. SIDBI
Answer: C
Q2. Atal Pension Yojana was introduced for which of the following sectors by the government?
A. Normal Sector
B. Informal Sector
C. Formal Sector
D. Unorganized sector
Answer: D
Q3. Which of the following type of risk is defined when a bank may not be able to undertake profitable business opportunities when it arises?
A. Funding Risk
B. Interest Risk
C. Time Risk
D. Call Risk
Answer: D
Q4. Which among the following is called as State Development Loans?
A. Promissory notes
B. Dated Securities
C. Treasury Bills
D. Bill of Exchange
Answer: B
Q5. Finance Minister N Sitharaman announced that all scheduled banks would hold gatherings in a total of how many districts for loan disbursement process?
A. 350
B. 200
C. 300
D. 400
Answer: D
Q6. __________ ,recently decided to link all the floating rate retail loans and loans to MSME to the RBI’s repo rate, with effect from October 1.
A. BOB
B. SBI
C. Union Bank of India
D. Dena Bank
Answer: B
Q7. Pine Labs, recently tied up with which of the following banks to offer debit card EMIs?
A. RBL Bank
B. Lakshmi Vilas Bank
C. Yes Bank
D. Federal Bank
Answer: D
Q8. NRIs with Indian Passport can now apply for Aadhaar on arrival without ________-day waiting period.
A. 167
B. 175
C. 182
D. 199
Answer: C
Q9. ___________ & Bharti AXA Life , recently tied up to offer pre-paid plan with term cover to its customers.
A. Vodafone
B. Reliance Jio
C. Airtel
D. BSNL
Answer: C
Q10. More than 10 banks from different countries have formed a group to fund for a risky Power plant development project. This type of banking is called as?
A. Credit Syndication
B. Credit Monitoring Arrangement
C. Consortium finance
D. Group cash delivery
Answer: C
Q11. Paisalo Digital Limited ,recently signed its co-origination loan agreement with the ______.
A. Bank of Maharashtra
B. Bank of Baroda
C. Central Bank of India
D. Allahabad Bank
Answer: A
Q12. What is called for insurance that is purchased by an insurance company, in which some part of its own insurance liabilities is passed on to another insurance company?
A. Co-insurance
B. Re-insurance
C. Trade credit insurance
D. Liability insurance
Answer: B
Q13. Which mobile manufacturer launched an offline digital lending platform with instant offers for their smartphones?
A. Samsung
B. Oppo
C. Motorola
D. Lenovo
Answer: A
Q14. Which bank recently launched its digital app in the UK at an event hosted in coordination with the UK India Business Council?
A. Union bank
B. Syndicate bank
C. State bank of India
D. Canara bank
Answer: C
Q15. SBI life insurance signed an agreement with which home finance company to offer its insurance products to home finance companies’ customers?
A. HDFC Housing Finance
B. Repco Home Finance
C. LIC Housing Finance
D. ICICI Home Finance
Answer: B
Q16. Which is the insurance policy best suited for an individual who owns many restaurants at different locations to cover all his stores under one policy?
A. Liability policy
B. General policy
C. Trade credit policy
D. Blanket policy
Answer: D
Q17. What is the net owned fund requirements for HFC in order to get registered with NHB?
A. Rs. 2 crore
B. Rs. 5 crore
C. Rs. 10 crore
D. Rs. 25 crore
Answer: C
Q18. If RBI raises CRR (Cash Reserve Ratio) what impact will it have on the economy?
a. Banks will have to increase interest rates on Loans.
b. This leads to an increase in cash flow in the economy.
c. Banks will have to give more funds to priority sector lending.
A. Only b
B. Only a
C. Both a & c
D. Both b & c
Answer: B
Q19. What is the maturity age of Whole life Insurance policy?
A. 50 years
B. 60 years
C. 75 years
D. 100 years
Answer: D
Q20. Preauthorization is needed in which type of insurance?
A. Motor Insurance
B. Travel Insurance
C. Home Insurance
D. Health Insurance
Answer: D
Q21. CVV code provides an additional layer of security when a card is used to make a purchase online or over the phone. What is the full form of CVV?
A. Customer Verification Value
B. Card Valuable Value
C. Card Validity Variable
D. Card Verification Value
Answer: D
Q22. Which of the following statements is NOT true in the context of Annuity?
A. An annuity is an investment that we make, either in a single lump sum or through installments paid over a certain number of years
B. An annuity provides life insurance cover
C. Typically annuities are bought to generate income during one’s retired life
D. All of these
Answer: D
Q23. Mswipe has tied up with which finance firm to launch a card for millennials to avail instant pre-approved credit of up to ₹1 lakh?
A. DMI Finance
B. Aditya Birla Capital
C. SBI Capital Markets
D. L& T Finance Holdings
Answer: A
Q24. Which is the most valued Indian brand according to the `WPP and Kantar Millward Brown's BrandZ 75 Most Valuable Indian Brands' ranking?
A. Life Insurance Corporation of India
B. Tata Consultancy Services
C. Maruti Suzuki
D. HDFC
Answer: D
Q25. What is an “insurance actuary” in the insurance sector means?
A. The premiums on all policies which a company has issued
B. A professional that analyses financial risk using various theories
C. Insurers that are created and wholly-owned by one or more non–insurers
D. Method of sharing insurance risk between several insurers
Answer: B
Q26. Hyundai Motor India Ltd (HMIL) has signed an agreement with which bank for its vehicle finance needs?
A. Central Bank of India
B. Bank of Baroda
C. United Bank of India
D. Indian Bank
Answer: B
Q27. Which among the following is the market where fixed income securities of various types and features are issued and traded?
A. Money Market
B. Debt Market
C. Capital Market
D. Futures Market
Answer: B
Q28. DICGC (Deposit Insurance and Credit Guarantee Corporation) is one of the wholly-owned subsidiaries of the Reserve bank of India (RBI). What is the maximum deposit amount insured by the DICGC?
A. Four Lakhs
B. One Lakh
C. Two Lakhs
D. Six Lakhs
Answer: B
Q29. Which bank launched a co-branded fuel card in partnership with Indian Oil Corporation (IOC)?
A. Axis
B. ICICI
C. HDFC
D. Yes Bank
Answer: C
Q30. The RTGS system is primarily meant for large value transactions. What is the minimum amount to be remitted through RTGS (Real Time Gross Settlement)?
A. Rs 1,00,000
B. Rs 2,00,000
C. Rs 3,00,000
D. Rs 4,00,000
Answer: B