1. Where is the headquarter of Insurance Regulatory And Development Authority(IRDA)?

A Mumbai B Hyderabad C New Delhi D Kolkata

Answer: Option B
Explanation: Headquarter - Hyderabad
2. RBI regulates the banking sector (government and private banks) by

A banking regulation act 1935 B banking regulation act 1949 C banking regulation act 1951 D banking regulation act 1969

Answer: Option B
Explanation: RBI regulates the banking sector (government and private banks) by the banking regulation act 1949 and RBI act 1935 which entrusted responsibility on the RBI to work for the enhancement of the banking sector in India.RBI is the sole authority to issue banking licenses to entities who want to open a bank in India, and if any bank wants to open a new branch it has to be taken prior approval from RBI.
3. What is the term of RBI governor?

A 3 year B 5 year C 6 year D None of the above

Answer: Option A
Explanation: The term RBI governor is for three years and appointed by GOI.
4.BASEL norms are related to BIS. What is 'I' Stands for in the BIS?

A Investment B Innovative C International D India

Answer: Option C
Explanation: Basel is a city in Switzerland that is also the headquarters of the Bureau of International Settlement (BIS). 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 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.
5. Which of the following is not an International Stock Exchange?

A. Tepix B. Nikkei 225 C. FTSE indices D. MCX-SX-40

Answer: Option D
Explanation: MCX-SX-40 was founded in 2008. It is the youngest exchange with its Head Quarter in Mumbai.

1. How many transactions can be made through Money Transfer Service Scheme(MTSS) per calendar year?

A. 20 B. 30 C. 40 D. 50

Answer: Option B
Explanation: In MTSS, maximum of Rs.50,000 can be remitted inwards as per the money value and a maximum of 30 transactions per calendar year.
2. How many stocks are there in Bombay stock exchange (BSE)?

A. 10 B. 20 C. 30 D. 40

Answer: Option C
Explanation: Sensex is is an index of top 30 stocks in Bombay stock exchange (BSE).
3. CAMEL is the international model of rating the banks. What is 'M' stands for in the CAMEL?

A. Money B. Management C. Monitor D. Marking

Answer: Option B
Explanation: C – Capital Adequacy, A – Assets, M – Management, E – Earning Profit, L – Liquidity
4. How many stocks are there in National stock exchange (NSE)?

A. 20 B. 30 C. 40 D. 50

Answer: Option D
Explanation: Nifty is an index of top 50 stocks in National stock exchange (NSE).
5. Where is the headquarter of Pension Fund Regulatory And Development Authority(PFRDA)?

A. Mumbai B. Hyderabad C. Banglore D. New Delhi

Answer: Option D
Explanation: Headquarter - New Delhi

1. Adjusting expenses for intangible assets over a long span of time is called

A. Amortization B. Balloon Payment C. Call Money D. CAMEL

Answer: Option A
Explanation: Amortization refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.
2. What is the minimum amount of Certificate of Deposit(CD)?

A. Rs. 50000 B. Rs. 2 lakh C. Rs. 25000 D. Rs. 1 lakh

Answer: Option D
Explanation: CD- Certificate of Deposit CD is issued by the bank Minimum amount of CD is 1 lakh Valid for minimum – 7 days Valid for maximum – 365 days
3. When a company launch the share after IPO(Initial Public Offer), then it is known as

A. FPO B. MSF C. NFO D. PLR

Answer: Option A
Explanation: FPO (Follow on Public Offer)
4. What is the maximum limit of SLR (Statutory Liquidity Ratio)?

A. 30% B. 40% C. 50% D. 60%

Answer: Option B
Explanation: Bank has to maintain some part of their deposits in itself in the form of cash/foreign exchange, mutual fund. This is called SLR. Its maximum limit can be 40% and there is no minimum limit.
5. Which of the following organization is known as the Banter to The Government?

A. World Bank B. IMF C. RBI D. SEBI

Answer: Option C
Explanation: RBI works as an agent of the central and state governments. On behalf of government it makes payments, taxes, and deposits, etc. It also represents the government at the international level also. It maintains government accounts and provides financial advice to the government. It also manages government public debts and maintains foreign exchange reserves on behalf of the government. RBI also provides overdraft facility to the government in case of financial shortage