1. Which organization has launched its $1 billion masala bond programme in the US and Europe recently?

A. International Centre for Settlement of Investment Disputes B. International Bank for Reconstruction and Development C. International Finance Corporation D. Multilateral Investment Guarantee Agency E. International Development Association

Answer: Option C
Explanation: IFC or International Finance Corporation, the World Bank’s lending arm, has launched its $1 billion masala bond programme in the US and Europe. These bonds are aimed at funding the rapidly expanding investment activities of IFC in India.
2. The World Bank has approved Rs.6000 crore to Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation for which scheme?

A. Pradhan Mantri Fasal Bima Yojana B. Atal Bhujal Yojana C. Atal Pension Yojana D. Pradhan Mantri Garib Kalyan Yojana E. Atal Mission for Rejuvenation and Urban Transformation

Answer: Option B
Explanation: The World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6000 crore Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme is to be implemented over a period of five years from 2018-19 to 2022-23, with World Bank assistance. The scheme proposal has already been recommended by the Expenditure Finance Committee and the Ministry will be seeking Cabinet approval for the project shortly.
3. According to SEBI, investors will be permitted to purchase mutual funds worth up to Rs ------ through digital wallets.

A. Rs 1,50,000 B. Rs 1,00,000 C. Rs 50,000 D. Rs 5,000 E. Rs 25,000

Answer: Option C
Explanation: Investors will be permitted to purchase mutual funds worth up to Rs 50,000 through digital wallets, the market regulator, Sebi said in a release. "Investments up to Rs 50,000 per mutual fund per financial year can be made using e-wallets," the regulator said while redemptions of such investments can be made only to the bank account of a unit holder.
4. The Union Government, Rajasthan and the World funding the rapidly expanding investment activities of IFC in Bank signed a ------ million India. Development Policy Loan (DPL) to support Rajasthan in improving the performance of its Electricity Distribution Sector under the State’s ‘24x7 Power for All’ program.

A. USD 1200 million B. USD 725 million C. USD 500 million D. USD 250 million E. USD 400 million

Answer: Option D
Explanation: The Union Government, Rajasthan and the World Bank signed a USD 250 million Development Policy Loan (DPL) to support Rajasthan in improving the performance of its Electricity Distribution Sector under the State’s ‘24x7 Power for All’ program.
5. The government of India has doubled the monetary

A. Revenue deficit B. Primary deficit C. Capital Account deficit D. Budget deficit E. Current Account Deficit

Answer: Option B
Explanation: Primary deficit refers to difference between fiscal deficit of the current year and interest payments on the previous limit to rupees for filing loan borrowings. Primary Deficit = Fiscal Deficit – Interest

1. “ELSS” is often called as the best tax-saving option available under Section 80C. ELSS stands for which of the following?

A. Equity Linked Saving schemes B. Economic Listed Saving Schemes C. Exchange Liberalised Saving System D. Engel’s Law Saving Scheme E. Equity Linked Service Scheme

Answer: Option A
Explanation: ELSS (Equity Linked Saving schemes) is one of the best tax- saving options as it has the shortest lock-in period among the tax-saving options available under Section 80C.
2. refers to difference between fiscal deficit of the current year and interest payments on the previous borrowings. Payments ------ recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions.

A. 20 lakh rupees B. 30 lakh rupees C. 10 lakh rupees D. 60 lakh rupees E. 50 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. As per the Finance Ministry, the move is aimed at helping reduce pendency of cases in DRTs.
3. Which institution presents cross country data on various aspects of financial inclusion known as Global Findex data?

A. IMF B. World Bank C. European Central Bank D. Boston Consulting Group (BCG) E. Standard and Poor’s (S&P)

Answer: Option B
Explanation: The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risks. The data is presented by WORLD BANK. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals.
4. The Government has decided to make the PMJDY an open-ended scheme and added more incentives to encourage people to open bank accounts. The Finance Minister Arun Jaitley stated that the overdraft facility has been doubled from Rs. 5,000 to under the Yojana.

A. Rs. 10,000 B. Rs. 15,000 C. Rs. 7,000 D. Rs. 20,000 E. Rs. 8,000

Answer: Option A
Explanation: The Government has decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. The Finance Minister Arun Jaitley stated that the overdraft facility has been doubled from Rs. 5,000 to Rs. 10,000 under the Yojana.
5. Which organisation presents supply-side dataset on financial services aimed to measure and monitor financial inclusion?

A. International Monetary Fund B. Reserve Bank of India C. World Bank D. Asian Development Bank E. Swiss National Bank

Answer: Option A
Explanation: IMF’s Financial Access Survey (FAS) provides data on access to and use of basic financial services by individuals and firms.

1. IDBI Bank has been categorized as ‘Private Sector Lender’ by RBI. What percentage of stake has been acquired by Life Insurance Corporation of India (LIC) in the bank recently?

A. 49% B. 26% C. 65% D. 76% E. 51%

Answer: Option E
Explanation: In March 2019, The Reserve Bank of India categorized IDBI Bank as a Private Sector Bank with effect from January 21, 2019 following Life Insurance Corporation of India (LIC) has acquired 51 per cent of the total paid-up equity share capital of the bank.
2. What percentage of stake has been acquired by Asian Development Bank in micro-financier company ‘Annapurna Finance’ recently?

A. 24% B. 14% C. 49% D. 76% E. 51%

Answer: Option B
Explanation: In February, 2019, Asian Development Bank (ADB) bought 14% stake in micro-financier Annapurna Finance for Rs. 137 crores. ADB Bank bought this stake with a motive of attracting long -term funds from global lenders and investors.
3. Which state government has launched ‘Pravasi Dividend Pension Scheme’ to provide regular pension to non-resident?

A. Manipur B. Uttar Pradesh C. Maharashtra D. Gujarat E. Kerala

Answer: Option E
Explanation: Kerala state government has launched a ‘Pravasi Dividend Pension Scheme’ to provide regular pension to non-resident Keralites on a one-time payment of Rs.5 Lakhs.
4. What is the limit of Ways and Means Advances (WMA) set by Reserve Bank of India for the period of “April 2019 - September 2019”?

A. Rs. 70,000 Crores B. Rs. 72,000 Crores C. Rs. 73,000 Crores D. Rs. 74,000 Crores E. Rs. 75,000 Crores

Answer: Option E
Explanation: The Reserve Bank of India, in consultation with the Government of India, has decided that the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) to be Rs 75000 crores. The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75% of the WMA limit.
5. Assam has announced which scheme to provide gold to the brides of Economically Weaker Section of the society at the time of marriage?

A. Mukhyamantri Kanyadaan Scheme B. Ladli Laxmi Yojana C. Arundhati Scheme D. Janani Suraksha Yojana (JSY) E. Kalyani Yojana

Answer: Option C
Explanation: Under ‘Arundhati” scheme, the government of Assam will provide 1 Tola Gold to brides belonging to all such communities of Assam where it is customary to provide gold at the time of the wedding. The government has set aside Rs 300 crores for the implementation of the Arundhati Scheme. The scheme is limited for the families whose annual income is less than Rs 5 lakh.