1. When were the Basel III guidelines released?

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

Answer: Option C
Explanation: In 2010, Basel III guidelines were released. These guidelines were introduced in response to the financial crisis of 2008.
2. Which of the following is the apex decision-making body for Employees' Provident Fund Organisation(EPFO)?

A. Central Board of Trustees(CBT) B. EPFO is an independent organization. C. Reserve Bank of India D. Central Board of Employees'

Answer: Option A
Explanation: EPFO is an organization whose function is to assist the Central Board of Trustees(CBT) which is the apex decision-making body for EPFO.
3. Term Money has a maturity period beyond

A. 7 days B. 14 days C. 21 days D. 1 month

Answer: Option B
Explanation: Deposits with maturity period beyond 14 days is referred as the term money. The entry restrictions are the same as that of Call/Notice Money, the specified entities not allowed to lend beyond 14 days.
4. Which of the following statement is incorrect in context with the Demand Draft(DD)?

A. A Demand Draft is an order of payment by a bank to another bank. B. A Demand Draft cannot be returned because it is a pre-paid instrument. C. A Demand Draft is always payable to a specified party. D. Demand Draft(DD) is defined in the Negotiable Instrument Act, 1881.

Answer: Option D
Explanation: Demand Draft(DD) is not defined in the N.I. Act, 1881.
5. Universal Account Number(UAN) of Employees' Provident Fund is a ----

A. 10 digit number B. 12 digit number C. 14 digit number D. 16 digit number

Answer: Option B
Explanation: UAN is a 12-digit number allotted to an employee(by EPFO) who is investing in his/her EPF. It does not change with the change in jobs. The UAN is an umbrella for the multiple Member Ids allotted to an individual by different establishments and it also remains same through the lifetime of an employee.

1. Public Debt Management Agency(PDMA) is set up by

A. Finance Ministry B. Reserve Bank of India C. EPFO D. Monetary Policy Committee (MPC)

Answer: Option A
Explanation: PDMA is an interim organization set up by Ministry of Finance & will be elevated to a statutory Public Debt Management Agency (PDMA) in about two years. Its core purpose is to permit separation of debt management functions from RBI to PDMA in a steady & seamless manner, without causing market disruptions.
2. The Reserve Bank of India has extended the timeline for full implementation of the Basel III capital regulations to

A. March 31, 2019 B. March 31, 2018 C. March 31, 2020 D. March 31, 2021

Answer: Option A
Explanation: Earlier, the timeline was in 2018.
3. Buying and selling government securities and bonds by RBI in order to manage liquidity in the economy

A. Market operations by Government B. Constraint market operations C. Closed market operations D. Open market operations

Answer: Option D
Explanation: The term ‘open market operations’ stands for the purchase and sale of government securities by the RBI from/to the public and banks on its own account.
4. Very Rapid Inflation which is almost impossible to reduce is known as?

A. Galloping Inflation B. Creeping Inflation C. Hyper Inflation D. Suppressed Inflation

Answer: Option A
Explanation: When prices of goods and services rise at a double, triple digit rate per annum, that situation is known as galloping inflation. It is a serious problem for an economy and causes various economic distortions and disturbances.
5. What is the tagline of Bank of Baroda?

A. India’s International Bank B. Where India banks C. The name you can bank upon D. None is Correct

Answer: Option A

1. Union Government of India has renamed the Department of Divestment to DIPAM. What is 'A' stand for in DIPAM?

A. Asset B. Account C. Audit D. Amount

Answer: Option A
Explanation: Union Government of India renamed the Department of Divestment to DIPAM (Department of Investment and Public Asset Management) on April 20, 2016. This was formally announced in the Union budget 2016 - 2017 by Finance Minister Mr. Arun Jaitley.
2. NEFT(National Electronic Fund Transfer) is applicable to

A. Account holders B. Non-Account holders C. DEMAT Account holders D. Both A and B

Answer: Option D
Explanation: NEFT is applicable to both Account holders and Non-Account holders
3. What is the maximum amount that can be transfer through Immediate Payment Services(IMPS)?

A. Rs. 1,00,000 B. Rs. 2,00,000 C. Rs. 3,00,000 D. Rs. 4,00,000

Answer: Option B
Explanation: For transferring of funds under the IMPS the Minimum & Maximum amount is to be Rs.1 and Rs.2,00,000.
4. Which of the following is the nodal agency to provide licenses to e-commerce companies(including foreign)?

A. Reserve Bank of India(RBI) B. Foreign Investment Promotion Board (FIPB) C. Department of Industrial Policy and Promotion (DIPP) D. SEBI

Answer: Option C
Explanation: Department of Industrial Policy and Promotion (DIPP) is the nodal agency to provide licenses to e-commerce companies. DIPP works under ministry of commerce and industry.
5. National Investment and Infrastructure Fund(NIIF) is established under the regulations of

A. Department of Industrial Policy and Promotion (DIPP) B. SEBI C. World Bank D. IMF

Answer: Option B
Explanation: NIIF is established under SEBI regulations. It will be financed by GOI with 49% equity. The rest of the funds will be done through foreign and domestic partners. Initial corpus amount of NIIF is 40000 crore rupees.