1. Which state government has been given the green nod for its Rs. 13,384.80 crore Sita Rama Lift Irrigation Project?

A. Andhra Pradesh B. Telangana C. Kerala D. Manipur E. None of these

Answer: Option B
Explanation: Telangana government has been given the green nod for its Rs 13,384.80 crore Sita Rama Lift Irrigation Project that aims to divert Godavari river water to irrigate 2.72 lakh hectare in three districts, a senior central government official said. The project, which is expected to be completed in three years, would lead to submergence of about 1,930-hectare area and 157 villages consisting of 9,696 families are likely to be affected, the official added.
2. The government has recently allocated an additional Rs. ---- at RE stage to MGNREGA.

A. 2467 crore B. 3826 crore C. 4618 crore D. 6084 crore E. None of these

Answer: Option D
Explanation: The Government of India has allocated an additional Rs. 6,084 crore at RE stage to MGNREGA. This brings the total allocation to the scheme to Rs. 61,084 crore in 2018-19, making it the highest ever allocation. Governance reforms and thrust on sustainable livelihoods through durable assets has ensured better lives for the poor through wages, incomes and durable assets. MGNREGA is a flagship program of the Ministry which addresses poverty in a holistic manner by overcoming social inequalities and creating a base for sustainable & long term development.
3. The government decided to recapitalize state-owned Exim Bank to the tune of Rs ----- .

A. 5000 crore B. 6000 crore C. 7000 crore D. 8000 crore E. None of these

Answer: Option B
Explanation: The government Wednesday decided to recapitalise state- owned Exim Bank to the tune of Rs. 6,000 crore and double its authorised capital to Rs. 20,000 crore. The equity will be infused in two tranches — Rs. 4,500 crore in 2018-19 and Rs. 1,500 crore in 2019-20.
4. The CCEA has given its approval to the proposal of the Department of Commerce for including merchant exporters under the Interest Equalisation Scheme (IES) for Pre and Post Shipment Rupee Export Credit by allowing them interest equalization rate of -----.

A. 2% B. 3% C. 4% D. 5% E. None of these

Answer: Option B
Explanation: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Department of Commerce for including merchant exporters under the Interest Equalisation Scheme (IES) for Pre and Post Shipment Rupee Export Credit by allowing them interest equalization rate of 3% on such credit for export of products covered under 416 tariff lines identified under the scheme.
5. RBI has recently flagged that bad loans under PMMY have risen to Rs. ------- crore.

A. 7,000 B. 9,000 C. 11,000 D. 17,000 E. None of these

Answer: Option C
Explanation: The Reserve Bank of India (RBI) has raised a red-flag on the spike in non-performing assets (NPAs) under the government’s flagship scheme to support micro-enterprises in the country — the Pradhan Mantri Mudra Yojana. According to Finance Ministry sources, RBI has cautioned the ministry that the scheme might turn-out to be the next big source of NPAs, which have plagued the banking system. The central bank has flagged that bad loans under PMMY have risen to Rs. 11,000 crore.

1 What is the duration(years) after which a savings account will be treated as inoperative/dormant if there are no transactions in the account?

A. One B. Two C. Three D. Four E. Five

Answer: Option B
Explanation: If a savings or current account has not had any transactions/activity for over one year, the account is rendered inactive by the bank. Once this inactivity exceeds two years, banks declare such an account as dormant or inoperative.
2. The European Central Bank has launched a new system aimed at letting banks settle payments instantly across Europe. What is the name of that system?

A. SWIFT B. TIPS C. NEFT D. MPIJ E. RTGS

Answer: Option B
Explanation: The European Central Bank launched a new system aimed at letting banks settle payments instantly across Europe, helping them to compete with PayPal and other global tech giants. The ECB’s TARGET Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other within seconds.
3. The web platform PAiSA has been designed and developed by which of the following banks?

A. Allahabad Bank B. UCO Bank C. ICICI D. HDFC E. State Bank of India

Answer: Option A
Explanation: The PAiSA - Portal for Affordable Credit and Interest Subvention Access web platform has been designed and developed by Allahabad Bank which is the Nodal bank.
4. ----- is the flow of funds (or capital) from one country to another in order to earn a short-term profit.

A. Soft Currency B. Hard Currency C. Hot Money D. Cheap Money E. None of these

Answer: Option C
Explanation: Hot Money is the flow of funds (or capital) from one country to another in order to earn a short-term profit.
5. ----- is a type of charge that gives a bank automatic claim over a borrower’s property or assets.

A. Pledge B. Hypothecation C. Mortgage D. Lien E. All of these

Answer: Option D
Explanation: Lien is a type of charge that gives a bank automatic claim over a borrower’s property or assets.

1. India’s GDP would grow at what percent in 2018-19, as per the first advance estimates of National Income at Constant (2011-12) and Current Prices, for the financial year 2018-2019, released by Central Statistics Office (CSO)?

A. 7.6 % B. 7.2 % C. 7.4 % D. 7.7 % E. None of these

Answer: Option B
Explanation: The Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation has released the first advance estimates of National Income at Constant (2011-12) and Current Prices, for the financial year 2018- 2019. India’s GDP would grow at 7.2% in 2018-19, showing acceleration from 6.7% growth in 2017-18 because of push from agriculture and manufacturing sectors.
2. World Bank has projected India’s Gross domestic product (GDP) to grow at what percent in the fiscal year 2018-19, and 7.5% in the following two years?

A. 7.3 % B. 7.2 % C. 7.6 % D. 7.7 % E. None of these

Answer: Option A
Explanation: World Bank projected India’s GDP to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years. The Bank said India will continue to be the fastest-growing major economy in the world. In India, the growth has accelerated, driven by an upswing in consumption, and investment growth has firmed as the effects of temporary factors wane, the World Bank said in its latest report.
3. GST Council approved doubling of exemption threshold under Goods and Services Tax (GST) regime to Rs 40 lakh along with raising the turnover limit under composition scheme to ----- with effect from April 1, 2019?

A. Rs. 1.5 crore B. Rs. 2 crore C. Rs. 2.5 crore D. Rs. 3 crore E. None of these

Answer: Option A
Explanation: Finance Minister ArunJaitley raised the annual turnover for availing composition scheme to Rs. 1.5 crore from Rs. 1 crore effective from April 1, 2019 to provide relief to small businesses under Goods and Services (GST) regime. The Goods and Services (GST) exemption limit has been doubled to Rs. 40 lakh annual turnover and Rs 20 lakh for northeastern states.
4 Which will be the first Indian state to roll out Universal Basic Income (UBI) and implement the scheme by 2022?

A. Telangana B. Gujarat C. Sikkim D. Arunachal Pradesh E. None of these

Answer: Option C
Explanation: Sikkim, though being the smallest state has set an initiative to introduce UBI in the entire nation. Sikkim’s long-lasting chief minister and head of Sikkim's ruling party(Sikkim democratic front) Pawankumarchamling, quoted that if everything goes right then Sikkim would be the first state to implement Universal Basic Income (UBI) system and execute it by 2022. This scheme is also regarded as an alternative to social welfare programs with the benefits of reducing poverty.
5. Prime Minister Narendra Modi released commemorative coin of ------ rupees on Guru Govind a Singh ji in New Delhi on his 352nd birth anniversary, on 13th January 2019?

A. Rs. 250 B. Rs. 150 C. Rs. 350 D. Rs. 200 E. None of these

Answer: Option C
Explanation: The 352nd birth anniversary of the 10th Sikh Guru, Guru Govind Singh Ji, was celebrated as Prakashutsav at Patna Sahib, in Bihar, the birthplace of Guruji. On January 13, 2019, Prime Minister Narendra Modi released a commemorative coin of 350 rupees on Guru Govind Singh Ji in New Delhi on the eve of 352nd birth anniversary of the 10th Sikh Guru.