1. If Indian govt. decides the level of Rupee to be 57 from 55 against 1 dollar, it is called ----.

A. Depreciation B. Devaluation C. Appreciation D. Revaluation E. Demonetisation

Answer: Option B
Explanation: Depreciation refers to a fall in the value of a currency due to market changes while devaluation signifies the deliberate reduction undertaken by a countries government to its own currency.
2. When a bank removes bad loans from their balance sheets it is known as loans.

A. Overwriting B. Liability C. Underwriting D. Writing-off E. Writing-on

Answer: Option D
Explanation: When a bank removes bad loans from its balance sheets it is known as Bank Write-off. By writing off the loans, the bank can reduce its overall tax liability.
3. ------ (UPI PIN) digit pass code you create/set during first time registration with UPI App.

A. 3-5 B. 4-6 C. 4-5 D. 3-4 E. 5-6

Answer: Option B
Explanation: 4-6 (UPI PIN)digit pass code you create/set during first time registration with UPI App
4. According to the interim budget 2019, how many Jan Dhan bank accounts were opened in the last five years?

A. 30 crore B. 34 crore C. 29 crore D. 50 crore E. 19 crore

Answer: Option B
Explanation: According to the interim budget 2019, in the last five years, nearly 34 crore Jan Dhan bank accounts were opened. It is done to promote digital transactions and financial inclusion in India. Under the scheme, the government has allowed people to open bank accounts with no penalty on zero balance.
5. What was the deposits criteria of 14 banks nationalized on 19th July, 1969?

A. Over Rs. 1000 crores B. Over Rs. 500 crores C. Over Rs. 100 crores D. Over Rs. 50 crores E. Over Rs. 200 crores

Answer: Option D
Explanation: 14 major Indian Scheduled Commercial Banks with deposits of over Rs. 50 crores nationalised ' to serve better the needs of development of the economy in conformity with national policy objectives'.

1. Which of the following along with Bombay Stock Exchange has launched the 'eATM' facility on 3 December 2018?

A. HDFC Securities B. PNB Securities C. SBI Securities D. ICICI Securities E. Axis Securities

Answer: Option D
Explanation: ICICI Securities and Bombay Stock Exchange (BSE) has launched 'eATM' facility on 3 December 2018.Through 'eATM' facility, clients of the domestic brokerage entity will be able to receive the pay-out within 30 minutes of selling the shares.The new service would have a cap of Rs. 50,000 per client a day and would be applicable on about 600 stockslisted on the BSE.
2. The Defence Acquisition Council (DAC), chaired by Defence Minister SmtNirmalaSitharaman accorded approval for procurement for the Services amounting to approximately crores.

A. Rs. 52,000 crores B. Rs. 87,000 crores C. Rs. 50,000 crores D. Rs. 46,000 crores E. Rs. 10,000 crores

Answer: Option D
Explanation: The Defence Acquisition Council (DAC), chaired by Defence Minister SmtNirmalaSitharaman accorded approval for procurement for the Services amounting to approximately Rs. 46,000 crores. The DAC in a landmark decision approved procurement of 111 Utility Helicopters for the Indian Navy at a cost of over Rs. 21,000 crores. This is the first project under the MoD’s prestigious Strategic Partnership (SP) Model that aims at providing the significant fillip to the Government’s ‘Make in India’ programme.
3. The Asian Development Bank (ADB) and the Government of lndia signed a $346 million loan to finance improvement of over 400 kilometers of state highways that will enhance connectivity and access to economic centers across 12 districts in

A. Karnataka B. West Bengal C. Rajasthan D. Maharashtra E. Andhra Pradesh

Answer: Option A
Explanation: The Asian Development Bank (ADB) and the Government of India signed a $346 million loan to finance improvement of over 400 kilometers of state highways that will enhance connectivity and access to economic centers across 12 districts in Karnataka.
4.According to Finance Minister ArunJaitley, Indian economy grew by ---- in the first quarter (April-June) of the current fiscal, the highest in over two years.

A. 7.2% B. 7.8% C. 8.2% D. 8.6% E. 8.4%

Answer: Option D
Explanation: Indian economy grew by 8.2% in the first quarter (April- June) of the current fiscal, the highest in over two years. This announcement was made by Finance Minister, ArunJaitley. The manufacturing sector grew by 13.5% which signals very good turnaround in the sector.
5. The government of India has doubled the monetary limit to lakh rupees for filing loan recovery application in the DRT by banks and financial institutions.

A. 20 lakh rupees B. 40 lakh rupees C. 50 lakh rupees D. 10 lakh rupees E. 30 lakh rupees

Answer: Option A
Explanation: The government of India has doubled the monetary limit to 20 lakh rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions.

1. Which of the following statement is/are correct regarding the MCLR?

A. It is the minimum interest rate of a bank below which it cannot lend B. It is an internal benchmark or reference rate for the bank C. The MCLR methodology has replaced the base rate system D. The aim of MCLR is to improve the transmission of policy rates into the lending rates of banks E. All of the above

Answer: Option D
Explanation: The marginal cost of funds-based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. It is an internal benchmark or reference rate for the bank. MCLR actually describes the method by which the minimum interest rate for loans is determined by a bank. MCLR is decided on the basis of marginal cost or the additional or incremental cost of arranging one more rupee to the prospective borrower
2. When an unlisted company makes , it seeks to sell shares to the general public for the first time.

A. Follow-On Public Offering B. Initial Public Offering C. Offer for sale method D. Private placement of securities E. Tender Method

Answer: Option B
Explanation: Initial Public Offering (IPO) is made by a company for either the fresh issue of securities or sale of existing securities by an unlisted company. IPO is made by an unlisted company for the first time in its duration of existence. It is a method of raising funds by an unlisted company by offering securities to the general public.
3. The difference between the total receipts of the government and its total expenditure in a financial year is known as .

A. Budget Deficit B. Expenditure Deficit C. Revenue Deficit D. Receipts Deficit E. None of the above

Answer: Option A
Explanation: The budget deficit is defined as the difference between the total receipts of the government and its total expenditure in a financial year as mentioned in the annual financial statement of the government. If both are equal, there is said to be no budget deficit for that financial year. Here, earning includes both revenue receipts and borrowing whereas expenditure includes interest payments as well. 4. Which of the following are correct regarding the Mutual Funds? I). Custodian of the Mutual Funds should be registered with RBI II). Mutual Funds cannot invest in debt securities III). In India, the Mutual Fund Industry started in 1991

A. Only I and II are correct B. Only III is correct C. Only II is correct D. All are correct E. None are correct

Answer: Option E
Explanation: A trust that pools together the savings of many individuals and then invest in capital market instruments are referred to as Mutual Funds. Custodian of the Mutual Funds should be registered with SEBI. Mutual Funds can invest in debt securities and other securities depending on the financial requirements of the investors. In India, mutual Fund industry started in 1963, with the formation of Unit Trust of India as an initiative of the Government of India and the Reserve Bank of India.
5. IFSC is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. How many digits are present in IFSC code?

A. 11 B. 12 C. 13 D. 17 E. 10

Answer: Option A
Explanation: IFSC stands for Indian Financial System Code and is an 11 digit code. The first 4 alpha characters represent the bank, and the last 6 characters representing the branch. The 5th character is 0.