1. Which of the following is the nodal agency of Unstructured Supplementary Service Data (USSD) Service?

A. NPCI B. RBI C. SBI D. SEBI

Answer: Option A
Explanation: National Payments Corporation of India (NPCI) is the nodal agency of USSD USSD establishes a network between Banks and Telecom Service Providers (TSP).
2. The International Development Association (IDA) is an arm

A. IMF B. World Bank C. Organisation for Economic Co-operation and Development (OECD) D. Asian Development Bank

Answer: Option B
Explanation: The International Development Association (IDA) is an arm of the World Bank, that supports the world’s poorest countries. It was established in 1960, IDA aims to reduce poverty by providing loans (credits) and grants for programs that enrich economic growth, reduce inequalities, and improve people’s living standards.
3. SDR is calculated based on the basket of five international currencies. The five currencies include

A. US Dollar, Euro, Yen, Pound and Yuan B. US Dollar, Euro, Yen, Pound and Dinar C. US Dollar, Euro, Rubble, Pound and Yuan D. US Dollar, Euro, Yen, Pound and Australian Dollar

Answer: Option A
Explanation: US Dollar, Euro, Yen, Pound and Yuan.
4. Unstructured Supplementary Service Data (USSD) Serivce is a

A. Online banking service B. Digital India Service C. Credit Card Service D. Mobile Service

Answer: Option D
Explanation: Unstructured Supplementary Service Data (USSD) (*99#) is a mobile banking service that allows customers to access the financial and non-financial services of the banks.
5. How much FDI is allowed in e-commerce companies in India?

A. 100% B. 49% C. 51% D. 26%

Answer: Option A
Explanation: 100 % FDI is allowed in e-commerce.

1. Where is the headquarter of National Bank for Agriculture and Rural Development(NABARD)?

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

Answer: Option A
Explanation: NABARD's headquarter is in Mumbai, India.
2. What is 'first A' stands for in GAAR?

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

Answer: Option A
Explanation: General Anti-Avoidance Rule (GAAR) is an anti-tax avoidance regulation of India. It was introduced by then Finance Minister, Pranab Mukherjee, on 16 March 2012 during the Budget session.
3. Who is the Managing Director of EXIM Bank?

A. Shri Yaduvendra Mathur B. Shri David Rasquinha C. Ashok Lahiri D. Anand Mahindra

Answer: Option B
Explanation: Shri Yaduvendra Mathur, IAS, took charge as Chairman & Managing Director of the Bank for a tenure of three years, from February 2014 to February 2017. Shri David Rasquinha has taken additional charge of the post of Managing Director of Exim Bank from February 2017.
4. Recently, revised Prompt Corrective Action (PCA) is released by

A. Ministry of Employment B. SEBI C. Finance Ministry D. Reserve Bank of India

Answer: Option D
Explanation: The RBI on Thursday very categorically put forth a revised Prompt Corrective Action (PCA) framework on which the banks would be monitored. According to the latest Prompt Corrective Action (PCA), the banks will be monitored on three parameters viz. Capital, Asset Quality, Profitability.
5. Fiscal Deficit = ---

A. Total Expense – Total Receipt B. Total Expense – Revenue Receipt + Non –debt creating Capital Receipt C. Revenue Expense – Total Receipt D. Revenue Expense + Capital Expense

Answer: Option B
Explanation: A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings. Deficit differs from debt, which is an accumulation of yearly deficits.

1. What is the maturity period of Kisan Vikas Patra?

A. 150 months B. 50 months C. 100 months D. 200 months

Answer: Option C
Explanation: The maturity period is 100 months or eight years and four months.
2. What is the maximum amount that can be remitted through Nepal Remittance Scheme?

A. INR 25,000 B. INR 50,000 C. INR 75,000 D. INR 100,000

Answer: Option D
Explanation: Nepal Remittance Scheme is a cross-border one-way remittance facility scheme for remittance from India to Nepal. Maximum amount remittance is INR 50,000 and beneficiaries will receive in Nepalese Rupees.
3. What is 'first A' stands for in DTAA(a tax law)?

A. Avoidance B. Average C. Audit D. Asset

Answer: Option A
Explanation: The DTAA, or Double Taxation Avoidance Agreement is a tax treaty signed between India and another country ( or any two/multiple countries) so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country.
4. What is the minimum amount that can be invested in Kisan Vikas Patra?

A. Rs. 1000 B. Rs. 2000 C. Rs. 5000 D. Rs. 10000

Answer: Option A
Explanation: No cap on the maximum amount you want to invest. Minimum is Rs.1000.
5. Who is the Chairman of National Bank for Agriculture and Rural Development(NABARD)?

A. Mr. David Rasquinha B. Geetha Muralidhar C. T.S.Vijayan D. Dr. Harsh Kumar Bhanwala

Answer: Option D
Explanation: Dr. Harsh Kumar Bhanwala has been the Chairman of National Bank for Agriculture and Rural Development (NABARD) since December 18, 2013.