1. Where is the headquarter of Asian Development Bank(ADB) which was established in 1966?

A. Dhaka, Bangladesh B. Beijing, China C. Mandaluyong, Philippines D. Bangkok, Thailand

Answer: Option C
Explanation: The headquarters of the bank is at 6 ADB Avenue, Mandaluyong, Metro Manila, Philippines, and it has 25 field offices in Asia and the Pacific and representative offices in Washington, Frankfurt, Tokyo and Sydney.
2. Uruguay Round negotiations resulted in the establishment of

A. OECD B. World Trade Organisation C. African Development Bank D. None is Correct

Answer: Option B
Explanation: The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties". The Round led to the creation of the World Trade Organization.
3. 'Fortaleza Declaration' is related to which of the following International Financial Organisation?

A. Asian Infrastructure Investment Bank (AIIB) B. European Bank for Reconstruction and Development (EBRD C. World Trade Organisation D. New Development Bank(NDB)

Answer: Option D
Explanation: The sixth summit of the BRICS countries met in Fortaleza, Brazil, on July 15, 2014. The theme of discussions was "Inclusive Growth: Sustainable Solutions" and the declaration detailed progress in establishing the BRICS's New Development Bank(NDB).
4. The Subscribed capital of BRICS Bank is

A. $ 50 Billion B. $ 100 Billion C. $ 150 Billion D. There is no Subscribed capital of BRICS Bank.

Answer: Option A
Explanation: The initial subscribed capital of the BRICS Bank is $50 bln divided into paid-in shares ($10 bln) and callable shares ($40 bln). The initial subscribed capital of the bank was equally distributed among the founding members.
5. Which of the following is not a member of Organisation for Economic Co-operation and Development(OECD)?

A. Brazil B. China C. India D. None of the Above

Answer: Option D
Explanation: India, China, Brazil are not members of OECD but have close relations with it.

1. Priority Sector Lendings include loans to

A. Agriculture B. Micro and Small enterprises C. Poor people for housing D. All of the Above

Answer: Option D
Explanation: Priority Sector Lending is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education, etc.
2. What Percentage of branches of a particular bank has to be opened in rural areas as mandated by RBI?

A. 25 percent B. 30 percent C. 35 percent D. 40 percent

Answer: Option A
Explanation: The main aim of RBI is to provide banking services to the last mile of the country .To full this initiative RBI has started financial inclusion program.In this RBI mandated all banks in India to open at least 25 percent branches in rural areas.
3. From Where was the Reserve Bank of India(RBI)Headquarter permanently moved to Mumbai in 1937?

A. Jaipur B. New Delhi C. Kolkata D. Bangalore

Answer: Option C
Explanation: RBI was initially established in Calcutta but was permanently moved to Mumbai in 1937.
4. The term of Insurance Regulatory And Development Authority(IRDA) chairman is

A. 3 years B. 5 years C. 7 years D. 2 years

Answer: Option B
Explanation: IRDA chairperson's tenure is for five years or until the age of 65 years.
5. What Percentage of loans by a particular bank has to be provided to Priority Sector as mandated by RBI?

A. 25 percent B. 30 percent C. 35 percent D. 40 percent

Answer: Option D
Explanation: RBI ensure that adequate credit is provided to rural areas by priority sector lending In this RBI has mandated all banks including foreign banks working in India to provide 40 percent of their loans to priority sector like agriculture, student loans etc .If any bank found violating RBI policy ,it has the power to take action against it.

1. When was RBI Nationalised in India?

A. 1949 B. 1935 C. 1969 D. 1950

Answer: Option A
Explanation: RBI was established on 1 April 1935 with the sole aim to work as banking sector regulator. RBI was nationalised in 1949.RBI regulate the banking sector (government and private banks) by banking regulation act 1949 and RBI act 1935 which entrusted responsibility on the RBI to work for the enhancement of banking sector in India.
2. The chairman of the Securities And Exchange Board Of India(SEBI) is appointed by

A. Government of India B. RBI C. President of India D. None is Correct

Answer: Option A
Explanation: The chairman of SEBI is appointed by the Appointments Committee of the Cabinet (ACC) of Government of India.
3. The Banking Regulation Act, 1949, empowers the National Bank For Agriculture And Rural Development(NABARD) to conduct inspection of

A. State Cooperative Banks (SCBs) B. Central Cooperative Banks (CCBs) C. Regional Rural Banks (RRBs) D. All of the Above

Answer: Option D
Explanation: The Banking Regulation Act, 1949, empowers NABARD to conduct an inspection of State Cooperative Banks (SCBs), Central Cooperative Banks (CCBs) and Regional Rural Banks (RRBs) and protect the interest of the present and future depositor and also provide short and medium term loan to those banks working in rural areas development.It provides his expertise in rural areas to RBI and GOI in making policies.
4. PFRDA is related to which of the following?

A. National Pension Scheme(NPS) B. EPFO C. Insurance D. Mutual Funds

Answer: Option A
Explanation: PFRDA is the regulatory body for all the pension funds in India.The Pension Fund Regulatory & Development Authority Act was passed on 19th September 2013.PFRDA regulate the pension sector and works for its development, formulate policies for pension sector.PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions/organisations & unorganised sectors.
5. Under the provisions of which act was the Securities And Exchange Board Of India(SEBI) established?

A. Securities and Exchange Board of India Act, 1988 B. Securities and Exchange Board of India Act, 1992 C. Securities and Exchange Board of India Act, 1996 D. Securities and Exchange Board of India Act, 2000

Answer: Option B
Explanation: SEBI was enacted on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. The main aim of SEBI is to protect the interest of investor in securities.