1. SEBI is a

A. Statutory Body B. Advisory Body C. Constitutional Body D. Only II and IV follow E. None of these

Answer: Option A
Explanation: SEBI is a statutory body created by a special act of parliament. It contains guidelines for security market.
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.
2. The abbreviation ‘SEBI’ stands for

A. Savings and exchanged Bank of India B. Securities and Exchange Bank of India C. Survey of essential business in India D. Securities and Exchange Board of India E. None of these

Answer: Option D
Explanation: SEBI’ stands for ‘Securities and Exchange Board of India’.
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992.
3. Currently, who is the chairman of SEBI

A. Ajay Tyagi B. Ashok Chawla C. RK Kanoria D. SK Sharma E. UK Sinha

Answer: Option C
Explanation: Currently Ajay Tyagi is a chairman of SEBI.
4. The headquarter of Insurance Regulatory and Development Authority of India (IRDAI) is located in ___.

A. New Delhi B. Mumbai C. Chennai D. Bengaluru E. Hyderabad

Answer: Option E
Explanation: The Insurance Regulatory and Development Authority of India is an autonomous, statutory agency tasked with regulating and promoting the insurance and reinsurance industries in India.
It was constituted as per provisions of the Insurance Regulatory and Development Authority Act, 1999.
Headquarters: Hyderabad, Telangana.
Structure and Composition: It is 10 members body consisting of: Chairman, 5 full-time members, 4 part-time members. All members are appointed by Union Government.
5. Who is the current Chairman of the Insurance Regulatory and Development Authority of India (IRDAI)

A. Ajay Tyagi B. Prafful Patel C. Subhash Chandra Khuntia D. Devesh Gupta E. M K Singh

Answer: Option C
Explanation: Subhash Chandra Khuntia is a current chairman of Insurance Regulatory and Development Authority of India (IRDAI) for three years.
He is a former Karnataka Chief Secretary and 1981-batch IAS officer of Karnataka cadre.
He replaced TS Vijayan’s whose tenure ended on 21st February this year.
6. Recently IRDAI made some document mandatory for insurance policies. Which of the following is/are one of them

A. PAN Card B. Aadhar C. Birth Certificate D. Option A and B E. Option A and C

Answer: Option D
Explanation: Recently IRDAI made mandatory for all life, general and standalone health insurance companies to link existing policies with Aadhaar and Permanent Account Number (PAN) or Form 60.
7. NABARD is a

A. Commercial Bank B. Lead Bank C. Apex development financial institution D. Cooperative Bank E. None of the above

Answer: Option C
Explanation: National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with branches all over India.
8. What is the major function of NABARD

A. Deal in government securities B. Accepts deposits from public and lend it to the rural sectors C. Provide loans to the public in rural areas D. Provide loans to the Commercial banks and Regional Rural Banks for the development of rural sector. E. Act as a regulator to Scheduled Commercial Banks.

Answer: Option D
9. Small Industries Development Bank of India (SIDBI) was established in _____.

A. 1986 B. 1987 C. 1988 D. 1990 E. None of these

Answer: Option D
Explanation: Small Industries Development Bank of India(SIDBI) was established in 1990. Its main function is to provide assistance to small scale industries through state finance corporations, state industrial development corporations, commercial banks etc.
10. Where is the headquarter of EXIM Bank located

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

Answer: Option C
Explanation: Export-Import Bank of India was set up under the Export-Import Bank of India Act 1981. Headquarters of EXIM Bank is at Mumbai.

1. Balance of Trade is the difference between ?

A. Country's Income and Expense B. Country's Exports and Imports C. Country's Tax Revenue and Expense D. Country's capital inflow and outflow

Answer: Option B
Explanation: The name ‘Hindustan’ combines Sindhu and Hindu and thus refers to the Land of Hindus. The Aryan worshippers referred to the river India as the Sindhu. The Persian invaders converted it into Hindu.

• According to the Shastras, Bharatavarsha and Jambudwipa are two of the earliest names by which our country was known.


• It is also called Aryavart.

2. Which of the following is included in balance of trade ?

A. Goods B. Services C. Transaction of Payment D. All of the above

Answer: Option D
3. Which of the following deficits is not mentioned in the budget statement ?

A. Primary Deficit B. Revenue Deficit C. Budeget Deficit D. Secondary Deficit

Answer: Option D
4. In the Union Budget, what does the term 'primary deficit' mean ?

A. Revenue DEficit - Interest Payment B. Fiscal Deficit - Interest Payment C. Revenue Expenditure - Revenue Receipts D. Total Expenditure - Total Borrowing

Answer: Option B
5. Which of the following deficits is not mentioned in the budget statement ?

A. Primary deficit B. Revenue deficit C. Budget deficit D. Secondary deficit

Answer: Option A
6. Increase in cash reserve ratio leads to ?

A. increase in bank credit B. decrease in bank credit C. constant bank credit D. excess bank bank credit

Answer: Option B
7. The type of inflation which does not consider the inflation in food and fuel is known as ?

A. Headline Inflation B. Core Inflation C. ConsumerInflation D. Real Inflation

Answer: Option B
8. Per capita income ?

A. Gross National Product/Net National Product B. Total Population/National Income C. Net National Product/Total Population D. Gross National Income/Total Popullation

Answer: Option D
9. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are deposited respectively in which of the following forms ?

A. Liquidity & Cash B. Cash & Liquidity C. Assets& Cash D. Assets & Liquidity

Answer: Option B
10. "Choose the correct division of the Budget. ?

A. Revenue Budget B. Capital Budget C. Expenditure Budget D. Only A and B

Answer: Option D

1. Currently, in India, Wholesale Price Index (WPI) is released on ____.

A. Fortnightly basis B. Monthly basis C. Yearly basis D. Half Yearly basis

Answer: Option B
2. Which base year is taken for calculating inflation at wholesale price index (WPI) in India

A. 2004-05 B. 2008-09 C. 2010-11 D. 2011-12

Answer: Option D
3. Which of the following groups has the maximum weightage in the Wholesale Price Index (WPI)

A. Primary articles B. Fuel C. Manufactured items D. Equal weightage

Answer: Option C
4. Inflation rate based on consumer price index increases if

A. Bank rate is decreased B. Reverse repo rate is decreased C. Statutory Liquidity ratio is increased D. Repo rate is increased

Answer: Option A
5. Which of the following brings out the 'Consumer Price Index Number for Industrial Workers

A. The Reserve Bank of India B. The Department of Economic Affairs C. The Labour Bureau D. The Department of Personnel and Training

Answer: Option C
6. Which of the following is correct about new the CPI (Consumer Price Indices)

A. The base year for this index is 2004-2005 B. The CPI (combined) is computed by combining the Rural and Urban Index. C. The highest weight is accorded to Housing commodity group in CPI combined D. Food and Beverages commodity group has less than 25 percentage weight

Answer: Option B
7. Which of the following indices measures the average change in prices of goods and services at a place of production or at production process

A. Consumer Price Index B. Wholesale Price Index C. Index of Industrial production D. Producer Price index

Answer: Option C
8. Wholesale Price Index (WPI) is published by which of the following ministries

A. Ministry of Consumer Affairs, Food, and A Public Distribution B. Ministry of Corporate Affairs C. Ministry of Commerce and Industry D. Ministry of Food Processing Industries

Answer: Option C
Consider the following statements:
1). Wholesale Price Index is calculated by the Department of Industrial Policy and Promotion. 2). Consumer Price Index is calculated by the Central Statistics Office (CSO). 3). The Index of Industrial Production (IIP) is an abstract number that measures the general level of Industrial activity in the country. Index of Industrial production (IIP) is calculated by the Central Statistics Office (CSO)
9. Which of the above options are correct:

A. 1 only B. 1 and 2 only C. All of the above D. None

Answer: Option C
10. Which of the following provides correct definition of GDP deflator

A. The ratio of GDP at current prices to GDP A at constant prices. B. GDP at constant prices divided by the Wholesale Price Index. C. The ratio of GDP at constant prices to the GDP at current prices. D. Whole price Index divided by consumer price index

Answer: Option A