1. An emerging market economy is highly classified with relatively- one in which the country is becoming a developed nation and is determined through many socio ------

A. Economic factors B. External factors C. Commercial factors D. GDP factors E. Growth factors

Answer: Option A
Explanation: An emerging market economy is highly classified with relatively - one in which the country is becoming a developed nation and is determined through many socio- economic factors.
2. RBI’s New Rules To Push Another Rs ------ Loans Into Insolvency stated Credit Issue.

A. Rs 1.5 lakh crore B. Rs 2.5 lakh crore C. Rs 3.5 lakh crore D. Rs 4.5 lakh crore E. Rs 5.5 lakh crore

Answer: Option A
Explanation: Another Rs 1.5 trillion (or Rs 1.5 lakh crore) of non- performing assets are now likely to be with the National Company Law Tribunal in the next six months,” according to a Credit Issue report on RBI’s new rules.
3. ------- is the value of all finished goods and services produced in a country in one year by its nationals.

A. BOP B. GDP C. CDS D. GNP E. NPA

Answer: Option D
Explanation: Gross national product (GNP) is a broad measure of a nation's total economic activity. GNP is the value of all finished goods and services produced in a country in one year by its nationals.
4. Odisha CM Naveen Patnaik announced a Rs10,000 crore scheme named KALIA for the overall development of farmers. KALIA stands for -------.

A. Krushak Accommodation for Livelihood and Income Agriculture B. Krushak Assistance for Livelihood and Income Augmentation C. Krushak Accommodation for Livelihood and Independent Agriculture D. Krushak Assistance for Livelihood and Independent Augmentation E. None of the given options is true

Answer: Option B
Explanation: Odisha CM Naveen Patnaik announced a Rs10,000 crore scheme for the overall development of farmers. Named Krushak Assistance for Livelihood and Income Augmentation (KALIA), the scheme will provide farmers with Rs10,000 a year at the rate of Rs5,000 each for Kharif and Rabi season. Ganeshi Lal is the Governor of Odisha.
5. According to data released by Insurance Regulatory and Development Authority of India (IRDAI), what percentage of life insurance policies bought by women in 2017-18?

A. 48% B. 42% C. 26% D. 32% E. 56%

Answer: Option D
Explanation: While women constitute nearly 48% of the country’s population, their contribution to the number of life policies bought in 2017-18 stood at 32% of the 2.82 crores policies sold. According to the IRDAI annual report, of the 90 lakhs policies bought by women in 2017-18, Maharashtra (12%), West Bengal (10.3%) and Uttar Pradesh (9.4%) accounted for a third of these

1. In India, an Asset Reconstruction Company is regulated by?

A. MUDRA B. SEBI C. NABARD D. EXIM E. RBI

Answer: Option E
Explanation: The leading problem in the country right now is alarming volume of Non-Performing Assets with the banking system. Several attempts were made to tackle NPAs. A serious such step was the creation of dedicated institutions called Asset Reconstruction Companies or ARCs that purchases bad assets or NPAs from banks at a negotiable price and helps banks to clean up their balance sheets (by removing the NPAs). RBI has got the power to regulate the ARCs.
2. Narrow Money is the term in monetary aggregates, which is represented by?

A. M1 B. M2 C. M3 D. M4 E. M5

Answer: Option A
Explanation: Different measures of money supply. Not all of them are widely used and the exact classifications depend on the country. M0 and M1, also called narrow money, normally include coins and notes in circulation and other money equivalents that are easily convertible into cash. M2 includes M1 plus short-term time deposits in banks and 24-hour money market funds. M3 includes M2 plus longer-term time deposits and money market funds with more than 24-hour maturity. The exact definitions of the three measures depend on the country. M4 includes M3 plus other deposits. The term broad money is used to describe M2, M3 or M4, depending on the local practice.
3. In context of banking, what does ‘BBB’ stands for?

A. Bank Board Bureau B. Bank Beneficiary Bureau C. Bank Bureau Board D. Bank Bureau Beneficiary E. None of the above

Answer: Option A
Explanation: Banks Board Bureau is an autonomous body of Union government of India tasked to improve the governance of Public sector banks, recommend a selection of chiefs of government-owned banks and financial institutions and to help banks in developing strategies and capital raising plans.
4. Which among the following commodity exchange has launched India’s first commodity options in gold?

A. National Spot Exchange Limited (NSEL) B. Indian Commodity Exchange Limited (ICEX) C. National Commodity & Derivatives Exchange Limited (NCDEX) D. Multi-Commodity Exchange of India Ltd (MCX) E. Securities and Exchange Board of India (SEBI)

Answer: Option D
Explanation: The Multi-Commodity Exchange of India Ltd (MCX) launched India’s first commodity options in gold, giving stakeholders a new set of financial instruments to hedge their price risks. Launched by Union Finance Minister Arun Jaitley in New Delhi on the auspicious day of Dhanteras, the gold options received an encouraging response on Day 1.
5. In Notice Money Market, the tenor of the transactions is from ------

A. 2-7 days B. 2-14 days C. 2-21 days D. 2-28 days E. 2-90 days

Answer: Option B
Explanation: In the money market, the amount that is lent for one day is known as “call money” and, if it exceeds one day or two days to 14 days is referred to as “notice money

1. Depositor Education and Awareness Fund (DEAF) is maintained by which of the following organisation?

A. NABARD B. RBI C. Public Provident Fund Authorities D. SIDBI E. IRDA

Answer: Option B
Explanation: Depositor Education and Awareness Fund (DEAF) Scheme was established in 2014 and was inserted in the Banking Regulation Act, 1949 empowering the central bank. All banks are required to transfer money lying in accounts that have been inoperative for at least 10 years to the DEAF according to specific guidelines.
2. Commercial Paper (CP) are issued by ------.

A. Government of India B. Corporate C. Primary dealers (PDs) D. Only A and B is correct E. Only B and C is correct

Answer: Option E
Explanation: Commercial Paper (CP) is an unsecured money market instrument introduced in 1990 which are issued in the form of a promissory note. Corporate, Primary Dealers and All India Financial Institutions are eligible to issue CP.
3. The type of inflation which does not consider the inflation in food and fuel is known as?

A. Headline Inflation B. Core Inflation C. Consumer Inflation D. Real Inflation E. Nominal Inflation

Answer: Option B
Explanation: Core inflation is also a term used to denote the extent of inflation in an economy. But Core inflation does not consider the inflation in food and fuel. This is a concept derived from headline inflation. There is no index for direct measurement of core inflation and now it is measured by excluding food and fuel items from Wholesale Price Index (WPI) or Consumer Price Index (CPI).
4. Which one among the following is not a part of priority sector lending?

A. Agriculture B. Education C. Renewable Energy D. Housing Loans E. Export Import Credit

Answer: Option E
Explanation: Priority Sector Lending is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections.. This is essentially meant for an all-round development of the economy as opposed to focusing only on the financial sector. Priority Sector includes the following categories:

(i) Agriculture (ii) Micro, Small and Medium Enterprises (iii) Export Credit (iv) Education (v) Housing (vi) Social Infrastructure (vii) Renewable Energy (viii) Others

5. Which of the following does not constitute an asset on the Balance sheet of a company?

A. Tools and Equipment B. Amounts receivable C. Capital Stock D. Cash E. All of these

Answer: Option C
Explanation: A balance sheet, also known as a “statement of financial position”, reveals a company’s assets, liabilities and owners equity (net worth). Assets are what a company uses to operate its business. While its liabilities and equity are two sources that support these assets. Cash, accounts receivable, tools and equipment, etc are categorized as assets, while liabilities, capital stock and retained earnings come under Liabilities and Owners Equity