1. A 'Legal Entity Identifier' is a ------ character identifier that identifies distinct legal entities that engage in financial transactions.

A. 20 B. 10 C. 15 D. 7 E. 5

Answer: Option A
Explanation: The Legal Entity Identifier (LEI) code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial
2. Under 'Non-Performing Assets (NPA) recognition process', an asset would be classified as ------- if it has remained in the substandard category for a period of 12 months.

A. Non-Performing B. Restructured C. Doubtful D. Loss E. Active

Answer: Option C
Explanation: A restructured account is one where the bank, grants to the borrower concessions that the bank would not otherwise consider. It is a mechanism to nurture an otherwise viable unit, which has been adversely impacted, back to health.A substandard asset would be one, which has remained NPA for a period less than or equal to 12 months.An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months.
3. The payments bank should have a leverage ratio of not less than ------.

A. 2% B. 3% C. 4% D. 5% E. 6%

Answer: Option B
Explanation: A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt (loans) or assesses the ability of a company to meet its financial obligations.The minimum paid-up equity capital for payments banks shall be Rs. 100 crore.The payments bank should have a leverage ratio of not less than 3 per cent, i.e., its outside liabilities should not exceed 33.33 times its net worth (paid-up capital and reserves). Crisis.LEI is a 20-digit unique code to identify parties to
4. is not included under 'Weaker financial transactions worldwide. Sections category' eligible for 'Priority sector loans' given by the banks.

A. Persons with disabilities B. Minority Communities C. Scheduled Casts and Scheduled Tribes D. Distressed persons other than farmers E. Other Backward Classes

Answer: Option E
Explanation: Other Backward Classes is not included under 'Weaker Sections category' eligible for 'Priority sector loans' given by the banks.
5. A crossed cheque is any cheque that is generally crossed with ------ parallel line(s).

A. One B. Five C. Seven D. Zero E. Two

Answer: Option E
Explanation: A crossed cheque is any cheque that is crossed with two parallel lines, either across the whole cheque or through the top left-hand corner of the cheque.This symbol means that the cheque can only be deposited directly into a bank account and cannot be immediately cashed by a bank or any other credit institution.If a cheque is crossed, there is no way for the payee to uncross the cheque.

1. Total gross GST revenue collected in the month of February 2019 is Rs. ----- crores.

A. 90,928 B. 75,937 C. 86,610 D. 97,247 E. 1,00,273

Answer: Option D
Explanation: Total gross GST revenue collected in the month of February 2019 is Rs. 97,247 crore of which CGST is Rs. 17,626 crore, SGST is Rs. 24,192 crore, IGST is Rs. 46,953 crore& cess is Rs 8,476 crore. Revenue in February 2018 was Rs. 85,962 crore.
2. The Asian Development Bank (ADB) Government of India signed a $ -----Million Loan and the Agreement today to operationalize two lines for the Mumbai Metro Rail System.

A. 900 B. 845 C. 926 D. 876 E. 918

Answer: Option C
Explanation: The Asian Development Bank (ADB) and the Government of India signed a $926 Million Loan Agreement today to operationalize two lines for the Mumbai Metro Rail System. The Project also marks ADB’s first co-financing with NDB, which will provide $260 million. ADB President- TakehikoNakao Headquarters- Mandaluyong, Philippines.
3. As per Moody’s report, Indian economy is expected to grow at ----- in calendar year 2019 and 2020

A. 7.8% B. 6.7% C. 8.1% D. 7.3% E. 7.0%

Answer: Option D
Explanation: As per Moody’s report, Indian economy is expected to grow at 7.3 per cent in calendar year 2019 and 2020. In 2018-19 fiscal Indian economy is estimated to have grown 7%, lower than 7.2% in 2017-18
4. SEBI has lifted the restriction on limit of investments by FPIs in corporate bonds of an entity. Earlier this limit was capped at ------ percent

A. 20% B. 30% C. 10% D. 40% E. 25%

Answer: Option A
Explanation: Securities and Exchange Board of India (SEBI) has lifted the restriction on FPI which stated that no FPI shall have an exposure of more than 20% of its corporate bond portfolio to a single corporate.
5. How many banks in India has been classified as Domestic Systemically Important Banks (D-SIBs) by RBI?

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

Answer: Option D
Explanation: The Reserve Bank of India has released the list of Domestic Systemically Important Banks (D-SIBs). State Bank of India is in Bucket 3, while HDFC and ICICI Bank both are in Bucket 1. Rest all buckets are empty. These three banks are in the D-SIBs list since Sep 04, 2017. No new bank has been added after the revised list is released on March 14, 2019.

1. In National Financial Switch service, the limit per transaction is restricted to less than ------.

A. Rs. 20000 B. Rs. 25000 C. Rs. 50000 D. Rs.10000 E. Rs. 40000

Answer: Option C
Explanation: In National Financial Switch service, the limit per transaction is restricted to less than Rs. 50000. National Financial Switch (NFS) is the largest interconnected network of automated teller machines (ATMs) in India. It was taken over by NPCI from Institute for Development and Research in Banking Technology (IDRBT) in 2009.
2. What is the dimension of the new 50 rupee note?

A. 63 mm * 123 mm B. 66 mm * 142 mm C. 66 mm * 150 mm D. 66 mm * 146 mm E. 66 mm * 135 mm

Answer: Option E
Explanation: The dimension of the new 50-rupee note is 66 mm * 135 mm. The colour of the note is Fluorescent blue and motif is Hampi with Chariot. Rupee Note Dimension 10-rupee note 63 mm * 123 mm 100-rupee note 66 mm * 142 mm 500-rupee note 66 mm * 150 mm 200-rupee note 66 mm * 146 mm
3. Which among the following is authorized by RBI to store rupee notes and coins?

A. Currency Bag B.. Currency Block C. Currency Chest D. Currency Reserve E. None of these

Answer: Option C
Explanation: Currency chests are branches of selected banks authorized by the RBI to stock rupee notes and coins. The main function of currency chests is to facilitate note supply. The cash reserve ratios of the commercial banks are also kept at currency chests. Currency chests are usually located at authorized select branches of the scheduled bank.
4. If the credit balance in a savings account has not been operated for ten years, the amount should be transferred to which fund?

A. Unpaid Contract Fund B. Cash Reserve Fund C. Unclaimed Bank Deposit Fund D. Inactive Deposit Fund E. Depositor Education and Awareness Fund

Answer: Option E
Explanation: As per the Reserve Bank of India, the bank deposit which has not been claimed for 10 years or more would be transferred to Depositor Education and Awareness Fund Scheme. Reserve Bank of India established a Fund under the Section 26A of the Banking Regulation Act, 1949.The amounts to be credited to the Fund by banks shall be deposited in the specified account maintained with the RBI.
5. To use the services of which of the following, you do not need to have your KYC done with the services?

A. Amazon Pay B. Mobikwik C. ICICI salary account D. Paytm e-wallet E. None of the above

Answer: Option E
Explanation: Know Your Customer commonly known as KYC, enables a bank/financial institution to validate the identity of its servicing customers. In order to open a bank account, one needs to submit Aadhaar/enrolment number and PAN as ‘proof of identity and proof of address’ For using the e-wallet services like Amazon Pay & Mobikwik, one needs to have their KYC done by providing any one of the identity proof as applicable