1. Who is the President of New Development Bank (NDB) of the BRICS countries?

A. Jin Liqun B. Takehiko Nakao C. KV Kamath D. None is Correct

Answer: Option C
Explanation: Kamath, is the chief of the New Development Bank of BRICS countries, he has served as the Chairman of Infosys Limited, the second-largest Indian IT services company, and as the Non-Executive Chairman of ICICI Bank, India's largest private bank.
2. Current Banking Ombudsman Scheme was introduced in

A. 2002 B. 2004 C. 2006 D. 2008

Answer: Option C
Explanation: Current Banking Ombudsman Scheme introduced in 2006.
3. What is 'I' stand for in the IPO which is a term often seen in the banking sector news

A. Investment B. Initial C. India D. Index

Answer: Option B
Explanation: An initial public offering, or IPO, is the very first sale of stock issued by a company to the public.
4. When was Commercial Paper (CP) introduced in India for the first time?

A. 1990 B. 1995 C. 2000 D. 2005

Answer: Option A
Explanation: CP was introduced in India in 1990 with a view to enabling highly rated corporate borrowers to diversify their sources of short-term borrowings and to provide an additional instrument to investors. Subsequently, primary dealers and all-India financial institutions were also permitted to issue CP to enable them to meet their short-term funding requirements for their operations.
5. If any cheque issued by a holder does not get withdrawn from the bank till three months, then it is called

A. Crossed Cheques B. Stale Cheque C. Post Dated Cheque D. Anti Dated Cheque

Answer: Option B
Explanation: If any cheque issued by a holder does not get withdrawn from the bank till three months, then that type of cheques are called stale cheque

1. CTS-2010 (often seen in news) is related to which of the following banking instrument?

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

Answer: Option C
Explanation: CTS-2010 is a standard benchmark recommended by RBI for the standardisation of: cheque forms (leaves) in terms of size, MICR band, quality of paper, having protection against alteration, should be sensitive to acid/alkali/bleach etc. and should not glow under UV light – CTS -2010 paper is UV- dull! watermark, all cheques to carry a standardized watermark, ‘CTS INDIA’ – should be oval and 2.6 to 3 cms in diameter, mandating colour schemes in pastels to ensure clarity of image etc.
2. If any cheque issue by a holder to the payee for the upcoming withdrawn date, then that type of cheques are called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: Option A
Explanation: In banking, post-dated cheque is a cheque written by the drawer (payer) for a date in the future.
3. What percentage of FDI is allowed in Insurance Sector in India?

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

Answer: Option D
Explanation: Earlier, it was 26%.
4. What is 'first I' stand for in the FII often seen in news?

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

Answer: Option B
Explanation: Foreign Institutional Investors (FIIs) are persons or companies incorporated outside India(companies can be Mutual funds, Pension funds, investment companies, foreign banks etc.), investing in shares of a company – where their investment is very less.
5. 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: Option A
Explanation: The Bank for International Settlements (BIS) established on 17 May 1930, is the world's oldest international financial organization. There are two representative offices in the Hong Kong and in Mexico City. In total BIS has 60 member countries from all over the world and covers approx 95% of the world GDP.

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

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

Answer: Option A
Explanation: In 1988,The Basel Committee on Banking Supervision (BCBS) introduced capital measurement system called Basel capital accord, also called as Basel 1. . It focused almost entirely on credit risk, It defined capital and structure of risk weights for banks.
2. Which of the following is the oldest stock exchange of Asia?

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

Answer: Option D
Explanation: BSE is India’s and Asia’s oldest stock exchange, established in 1878.
3. What is 'B' stand for in the FIPB which is a term related to FDI (often seen in news)?

A. Bank B. Bureau C. Board D. Base

Answer: Option C
Explanation: The Foreign Investment Promotion Board (FIPB) is a national agency of Government of India, with the remit to consider and recommend foreign direct investment (FDI) which does not come under the automatic route.
4. 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: Option A
Explanation: There is a ceiling limit of 24% FII of paid-up capital of an Indian company, and 20% in case of PSU banks.
5. Nikkei 225 is a famous stock exchange of which of the following country?

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

Answer: Option B
Explanation: Nikkei 225 is from Japan.