1. In a company, the use of price-sensitive corporate information by the company people to make gains or cover losses is known as -

A. Insider trading B. Future trading C. Foreign trading D. Stock trading E. None of the given options is true

Answer: Option A
Explanation: Insider trading is the trading of a public company's stock or other securities by individuals with access to nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal.
2. Many a times, we read a term ‘SEPA’ in financial newspapers. What is the full form of the SEPA?

A. Single Exchange Processing Agency B. Single Euro Payments Area C. Single Electronic Processing Agency D. Super Electronic Purchase Agency E. None of these

Answer: Option B
Explanation: The Single Euro Payments Area (SEPA) is a payment- integration initiative of the European Union for simplification of bank transfers denominated in euro.
3. ---- is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds.

A. Development bonds B. Insurance policies C. Mutual funds D. Sovereign wealth funds E. None of the given options is true

Answer: Option D
Explanation: A sovereign wealth fund (SWF) or sovereign investment fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally.
4. The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden. In financial sector, this type of phenomenon is known as-

A. Probability risk B. Market risk C. Inflation risk D. Credit risk E. None of the given options is true

Answer: Option B
Explanation: Market risk is the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets in which he or she is involved. Market risk, also called "systematic risk," cannot be eliminated through diversification, though it can be hedged against.
5. ETFs are mutual funds listed and traded on stock exchanges like shares. ETFs stands for -------

A. Electronic Traded Funds B. Exchange Time Funds C. Exchange Traded Finance D. Exchange Traded Flows E. Exchange Traded Funds

Answer: Option E
Explanation: Exchange Traded Funds (ETFs) are mutual funds listed and traded on stock exchanges like shares.

1. To help boost liquidity particularly among small and marginal farmers in the farming sectors RBI has announced to increase the limit on collateral-free agriculture loans to what amount from Rs.1 lakh?

A. Rs.1.8 lakh B. Rs.1.6 lakh C. Rs.2.4 lakh D. Rs.2.8 lakh E. Rs.2.2 lakh

Answer: Option B To help boost liquidity particularly among small and marginal farmers in the farming sectors RBI has announced to increase the limit on collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh.
2. Reserve Bank of India has increased the limit of ‘bulk’ amount to what to enhance operational freedom of Banks?

A. Rs. 1 crore B. Rs. 2 crores C. Rs. 3 crores D. Rs. 5 crores E. Rs. 1.5 crores

Answer: Option B
Explanation: Reserve Bank of India has increased the limit of Rs. 1 crore deposits over Rs. 2 crores as ‘bulk’ as they doubled the limit for the same from the earlier Rs.1crore. This move will enhance operational freedom of Banks.
3. Which payments platform acquired the Noida-based last-minute hotel booking app, Night Stay?

A. Paytm B. Mobikwik C. PhonePe D. GooglePay E. AmazonPay

Answer: Option A
Explanation: Paytm acquired the Noida-based last-minute hotel booking app, Night Stay.
4. Which Indian company has signed a partnership agreement with the French company Be-Bound to offer data connectivity through SMS in areas where there is no Internet connectivity?

A. MTNL B. Airtel C. Jio D. BSNL E. Idea

Answer: Option D
Explanation: BSNL has signed a partnership agreement with the French company Be-Bound to offer data connectivity through SMS in areas where there is no Internet connectivity.
5. Which Indian bank recommended Unconditional Cash Transfer to farmers to alleviate the agrarian distress instead of Universal Basic Income (UBI) scheme in its Ecowrap report?

A. Punjab National Bank B. ICICI Bank C. Bank of Baroda D. State Bank of India E. Allahabad Bank

Answer: Option D
Explanation: State Bank of India recommended Unconditional Cash Transfer to farmers to alleviate the agrarian distress instead of Universal Basic Income (UBI) scheme in its Ecowrap report.

1. EFTPOS (electronic funds transfer at point of sale) is based on ------

A. SMS Alerts B. Debit Cards C. Credit Cards D. Both A and B E. Both B and C

Answer: Option E
Explanation: EFTPOS - electronic funds transfer at point of sale- is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale.
2. The transaction in which a bank guarantees the payment in case of any damage or financial loss and accepts financial risk & liability is known as

A. Collateral B. Underwriting C. Letter of Credit D. Bank guarantee E. Other than the given option

Answer: Option B
Explanation: The transaction in which bank guarantees the payment in case of damage or financial loss and accepts financial risk & liability is known as Underwriting.
3. Which term is used to describe a situation where an Inflation rate is high, the economic growth rates slow down and unemployment remains steadily high?

A. Recession B. Depreciation C. Stagflation D. Depression E. None of these

Answer: Option C
Explanation: The term stagflation is used in economies to describe a situation where an inflation rate is high,the economics rate slow down and unemployment remains steadily high.
4. The term CBS network is often associated with Banking Operations. What does the letter ‘C’ stand for in ‘CBS’?

A. Central B. Critical C. Commercial D. Core E. Capital

Answer: Option D
Explanation: CBS stands for - Core Banking Solution.
5. 'Cheque' and Demand Draft' come under the purview of which of the following Acts ?

A. Banking Regulation Act, 1949 B. The Banking Companies Act–1949 C. Chit Fund Act–1982 D. Negotiable Instrument Act, 1881 E. Other than the given options

Answer: Option D
Explanation: Cheque and Demand Draft comes under Negotiable Instruments Act, 1881. A Negotiable Instrument means a promissory note, bill of exchange, demand draft or cheque payable either to order or to bearer.