1. Which state has announced a hike of Rs 200 per month in the social security pension under 'Madhu Babu Pension Yojana', on 19 January 2019?

A. West Bengal B. Uttar Pradesh C. Odisha D. Maharashtra E. Gujarat

Answer: Option C
Explanation: On 19 January 2019, the Odisha government announced a hike of Rs 200 per month in the social security pension under 'Madhu Babu Pension Yojana'. About 48 lakh elderly, widows and destitute women will be benefited from the scheme. The pension holders will get a revised pension of Rs 500 per month against Rs 300 while people aged over 80 years will get Rs 700 per month instead of Rs 500.
2. Under the Pradhan Mantri Kisan Samman Nidhi (KISAN) scheme, vulnerable farmers with 2 hectares of land will get direct income support of Rs. per year.

A. 4,000 B. 5,000 C. 6,000 D. 7,000 E. 8,000

Answer: Option C
Explanation: Union Interim Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on Feb 1, 2019. Govt. has introduced the Pradhan Mantri Kisan Samman Nidhi (KISAN) scheme to provide assured income to small and marginal farmers. Under the scheme, vulnerable farmers with 2 hectares of land will get direct income support of Rs. 6000 per year. It is expected to benefit 12 crore farmer families.
3. Govt. announced that individual taxpayers with annual income up to Rs. lakh will not have to pay any Income Tax.

A 3 B.. 4 C. 5 D. 6 E. 7

Answer: Option C
Explanation: The government announced that individual taxpayers with annual income up to Rs..5 lakh will not have to pay any Income Tax. Those with gross income of up to Rs.6.5 lakh also won't have to pay any tax if they make investments in prescribed methods. This will give Rs..18,500 cr tax benefit to 3 cr middle-class people. He also said that Income Tax returns will be processed in 24 hours and refund initiated.
4. What is premium of Pradhan Mantri Jeevan Jyoti Bima Yojana?

A. 330 B. 260 C. 350 D. 250 E. 450

Answer: Option A
Explanation: Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age with bank accounts. The premium of Pradhan Mantri Jeevan Jyoti Bima Yojana is Rs 330.
5. According to the Finance Minister, Piyush Goyal, the fiscal deficit will be at per cent of GDP in 2019.

A. 2.8 B. 3.1 C. 3.4 D. 3.5 E. 3.8

Answer: Option C
Explanation: Finance Minister Piyush Goyal said the fiscal deficit will be at 3.4 per cent of GDP in 2019 while presenting the interim budget on Feb 1, 2019. He also said that current account deficit is likely to be 2.5 per cent of GDP this year. He added that capital expenditure is pegged at 3.36,292 lakh crore.

1. The IFAD is an international financial institution and a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries. IFAD stands for-

A. International Fund for Agricultural Derivative B. International Fund for Association Development C. Indian Fund for Agricultural Development D. International Fund for Agricultural Development E. International Financial for Agricultural Development

Answer: Option D
Explanation: The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.
2. What is an Indian depository receipt?

A. A deposit account with a public-sector bank B. A depository account with any of the depositories in India C. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company D. An instrument in the form of deposit receipt issued by Indian depositories E. None of the given options is true

Answer: Option C
Explanation: Indian depository receipt is an instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company.
3. When an agent asks a customer to invest in a mutual fund product without telling him/her about the risks involved in the investment, the process is termed as-

A. Mis-selling B. Undertaking C. Misappropriation of funds D. cross-selling E. None of the given options is true

Answer: Option A
Explanation: Misselling is a significant problem in financial services industry and for financial industry regulators. Brokers, financial advisors, bank representatives or other salespeople of financial products or services who are compensated based on commissions may have significant incentives to sell investments or investment products based on how much they can earn rather than what is suitable or what is needed by a customer. Misselling may occur with insurance products, annuities, investments, mortgages and a variety of other financial products. A financial loss is not necessarily required to meet the definition of misselling; the sale of an unsuitable product is enough.
4. The stock market index of London, stock market is referred as-

A. Sensex B. Footsie C. Nifty D. Bullish E. None of the given options is true

Answer: Option B
Explanation: The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie", is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization.
5. The availability or cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as-?

A. Cash crunch B. Liquidity C. Credit D. Marketability E. None of the given options is true

Answer: Option B
Explanation: The availability or cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as is liquidity.

1. Fitch Solutions has projected the government's fiscal deficit to slip to ---- % of GDP in 2019-2020 fiscal.

A. 3.2 B. 3.4 C. 3.6 D. 3.8 E. 4.0

Answer: Option C
Explanation: Fitch Solutions, an arm of the Fitch group has projected the government's fiscal deficit to slip to 3.6% of GDP in 2019- 2020 fiscal. It said that 2019-20 Budget will show a strong populist bent in the run-up to the General election due by May 2019. The central government is planning to spend a total of Rs 27.8 lakh crore in fiscal 2019-20.
2. In December 2018, RBI limited total outstanding External Commercial Borrowings(ECB) to how much percent of GDP?

A. 6.2 percent B. 7.0 percent C. 6.8 percent D. 6.5 percent

E 5.7 percent
Answer: Option D
Explanation: RBI announced a cap on the outstanding stock of external commercial borrowings at 6.5 percent of GDP at current market prices
3. The GST on affordable housing properties without input tax credit(ITC) has been reduced to how much percent?

A. 2% B. 3% C. 1% D. 4% E. 5%

Answer: Option C The GST on affordable housing properties without input tax credit(ITC) has been reduced to 1 percent, while effective GST of 5 per cent shall be applicable without ITC on residential properties outside affordable segment, as was decided by the GST Council at its 33rd meeting.
4. The Affordable Housing is one where the value of the residential house/flat should be uptoRs. ------- in both metropolitan and non- metropolitan cities

A. Rs. 15 lakh B. Rs. 25 lakh C. Rs. 45 lakh D. Rs. 65 lakh E. Rs. 72 lakh

Answer: Option C
Explanation: A residential house/flat of carpet area of upto 90 sqm in non- metropolitan cities/towns and 60 sqm in metropolitan cities having value upto Rs.45 lacs (both for metropolitan and non- metropolitan cities).
5. The monthly income of the beneficiaries under the PradhanMantriShram Yogi Maandhan (PMSYM) ----- Yojana should not exceed

A. Rs. 15000 B. Rs. 20000 C. Rs. 25000 D. Rs. 18000 E. Rs. 16000

Answer: Option A
Explanation: The monthly income of the beneficiaries under the PradhanMantriShram Yogi Maandhan (PMSYM) Yojana should not exceed by Rs. 15000. This Scheme shall be open only to the unorganised worker for joiningwhose monthly income is not exceeding fifteen thousand rupees, who has a savings bank account in his name and, has Aadhar number and Age should be between 18 years to 40 years