1. How much is the new limit decided by RBI for Bulk Deposits inorder to enhance operational freedom of Banks?

A. 2 Crore B. 1 Crore C. 50 thousand D. 1 Lakh E. None of these

Answer: Option A
Explanation: Reserve Bank of India decided to treat deposits to over Rs.2 crore as ‘bulk’ as they doubled the limit for the same from the earlier Rs.1crore. This move will enhance the operational freedom of Banks. RBI also proposed banks would maintain their bulk deposits interest rate cards in the core banking system for supervisory review. National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB) has suggested this proposal. The decision in a proposal for setting up an Umbrella Organization (UO) for urban cooperative banks in pending with RBI.
2. Under the Short-Term Training (STT) of the PMKVY,25.25 lakh candidates have been trained.PMKVY Stands for?

A. PradhanMantriKshetraVikasYojna B. Pradhan Mudra KhanijVikasYojna C. PradhanMantriKaushalVikasYojna D. Pradhan Mudra KaushalVikasYojna E. None of these

Answer: Option C
Explanation: 25.25 lakh candidates, out of the 37.32 lakh (approx.), have been trained under the Short-Term Training (STT)of the PradhanMantriKaushalVikasYojna (PMKVY). Similarly, 11.27 lakhunder Recognition of Prior Learning (RPL) and 0.8 lakh under Special Project in various sectors across India.‘Skill Loan Mission’ has been launched by the Government to support youth by providing loan facility to individuals who wish to enroll for the skill development courses, as per the Skill Loan eligibility criteria.
3. What is the new National Minimum Wage (NMW) per month for a worker, recently revised by an expert committee appointed by Government of India?

A. Rs.8750 per month B. Rs.9750 per month C. Rs.7550 per month D. Rs.8550 per month E. None of these

Answer: Option B
Explanation: An expert committee appointed by the government suggested Rs. 9,750 per month or Rs. 375 per day as National Minimum Wage (NMW) for a worker. The Present NMW is Rs. 4,576. National minimum wage gas been proposed at the various regional levels in the range of Rs.8,892 to Rs. 11,622 per month, with a supplementary house rent allowance of Rs. 1,430 per month for urban workers.
4. Government of India, Himachal Pradesh Government and World Bank had signed an agreement worth,how much million for supplying water to the citizens of Greater Shimla?

A. USD 20 Million B. USD 40 Million C. USD 50 Million D. USD 60 Million E. None of these

Answer: Option B
Explanation: A loan agreement of $40 million (4 crore INR) was signed between the Government of India, Himachal Pradesh Government and World Bank, to help bring clean and reliable drinking water to the citizens of Greater Shimla area, who have been facing severe shortages of water and water-borne epidemics in the last few years. Shimla Water Supply and Sewage Service Delivery Reform Programmatic Development Policy Loan is expected to improve Water Supply & Sanitation (WSS) services in and around Shimla.
5. Name the new micro insurance plan that will provide coverage of up to 2 lakhs by the Life Insurance Corporation (LIC) of India?

A. Micro Debit B. Micro Bachat C. Micro Loan D. Micro Fund E. None of these

Answer: Option B
Explanation: A new micro insurance plan ‘Micro Bachat’ was launched by the Life Insurance Corporation (LIC) of India. It provides a coverage of up to 2 lakhs and is the first micro-insurance plan to do so.It provides both protection and savings and is a regular premium, non-linked, participating endowment micro insurance plan.

1. Which of the following is not a feature of gilt edged securities?

A. Issued by non-governmental service organization B. Issued by government entities C. Repayment of both principal and interest is secured D. They have zero default risk E. All of them

Answer: Option A
Explanation: These securities are usually referred to as ‘gilt-edged’ securities as repayments of principal as well as interest are totally secured, being the first charge on the nation’s purse. Hence the Central Government securities are considered as safest claims
2. Which risk cannot be eliminated by diversification?

A. Portfolio risk B. Systematic risk C. Unsystematic risk D. Business risk E. Financial risk

Answer: Option B
Explanation: Non-diversifiable risk is that part of total risk (which stems from various sources like interest rate risk, inflation risk, financial risk, etc) which is related to the general economy or the stock market as a whole and hence cannot be eliminated through diversification. Non-diversifiable risk is also referred to as market risk or systematic risk.
3. Market risk premium in CAPM is defined as

A. Difference between market return and risk free rate B. Difference between stock return and risk free rate C. Difference between market return and stock return D. Beta times the risk free rate E. Beta times the market return

Answer: Option A
Explanation: The market risk premium is the difference between the expected return on a market portfolio and the risk-free rate.
4. What can be a reason for the firm to have a high operating leverage

A. Low fixed costs relative to variable costs B. High fixed costs relative to variable costs C. High selling price per unit relative to others D. Low selling price per unit relative to others E. High total costs relative to selling price per unit

Answer: Option B
Explanation: Operating leverage is a measurement of the degree to which a firm or project incurs a combination of fixed and variable costs. High operating leverage. A large proportion of the company’s costs are fixed costs. In this case, the firm earns a large profit on each incremental sale, but must attain sufficient sales volume to cover its substantial fixed costs. If it can do so, then the entity will earn a major profit on all sales after it has paid for its fixed costs
5. A firm with a high financial leverage is characterized by

A. High operating risk B. High debt to equity C. High Earning per share D. High Sales E. High EBIT

Answer: Option B
Explanation: The Financial Leverage ratio equals total assets divided by total equity. The financial leverage ratio is a measure of how much assets a company holds relative to its equity. A high financial leverage ratio means that the company is using debt and other liabilities to finance its assets -- and, everything else being equal, is more riskier than a company with lower leverage.

1. How much amount of swap facility as offered to banks by RBI to aid liquidity before the end of the financial year?

A. 8 billion B. 4 billion C. 5 billion D. 10 billion E. 20 billion

Answer: Option C
Explanation: RBI offered a 5 billion swap facility to banks to aid liquidity before the end of the financial year. The auction will happen on March 26 and the buy/sell swap will run up to March 28, 2022, or for a three year duration.
2. As per UIDAI, business organizations using Aadhar services will now have to pay how much amount for each customer?

A. Rs 15 B. Rs 5 C. Rs 20 D. Rs 10 E. Rs 25

Answer: Option C
Explanation: Business organizations using Aadhar services will now have to pay Rs 20 for each customer and 50 paise for authentication of each transaction carried out by the entities, the UIDAI said.
3. How much amount of additional loan financing was signed by the World Bank,the Indian government and representatives of 5 states of Government of India for the Dam Rehabilitation and Improvement Project?

A. 135 million B. 137 million C. 140 million D. 145 million E. 147 million

Answer: Option B
Explanation: The World Bank, the Indian government and representatives of 5 states of Government of India and Implementing Agencies signed in New Delhi the Loan Agreement for Additional Financing of $137 million for the Dam Rehabilitation and Improvement Project.
4. According to labour Ministry, the income tax exemption limit has been doubled to how much amount?

A. Rs 25 lakh B. Rs 15 lakh C. Rs 20 lakh D. Rs 10 lakh E. Rs 8 lakh

Answer: Option C
Explanation: The labour Ministry said that the income tax exemption limit has been doubled to Rs 20 lakh .from the existing Rs 10 lakh, a move that will benefit employees who are not covered by the Payment of Gratuity Act, 1972.
5. India granted how much loan assistance million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage?

A. USD 250 million B. USD 225 million C. USD 200 million D. USD 100 million E. USD 350 million

Answer: Option A
Explanation: India has extended a grant assistance of up to USD 250 million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage that was destroyed during the devastating April 2015 earthquake which saw the death of over 9,000 people