1. The GST Council allowed the filing of GST returns with an annual turnover of up to Rs. 5 crores-------.

A. Yearly B. Half- Yearly C. Quarterly D. Monthly E. None of the above

Answer: Option C
Explanation: The GST Council allowed the filing of GST returns with an annual turnover of up to Rs. 5 crore is Quarterly.
2. Which of the following financial institution has sanctioned Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to West Bengal?

A. National Housing Bank B. Unit Trust of India C. EXIM Bank D. NABARD E. General Insurance Corporation (GIC)

Answer: Option A
Explanation: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to West Bengal. The fund would be used for 158 minor irrigation projects and 23 flood protection projects.
3. Which of the following bank has proposed to sell its stake in PNB Metlife India to private equity player Oman India Joint Investment Fund II for Rs 185 crore?

A. Bank of Baroda B. Bank of India C. Corporation Bank D. Jammu & Kashmir Bank E. ICICI Bank

Answer: Option D
Explanation: Jammu and Kashmir Bank has proposed to sell its stake in PNB Metlife India to private equity player Oman India Joint Investment Fund II for Rs185 crore.
4. Which Mutual Funds company had surpassed ICICI Prudential MF to gain top position?

A. Kotak Mahindra Mutual Funds B. Birla Sun Life Mutual Funds C. HDFC Mutual Funds D. Indiabulls Mutual Funds E. None of the above

Answer: Option C
Explanation: HDFC Mutual Fund has surpassed ICICI Prudential MF to gain top position. According to AMFI data, HDFC MF has assets worth Rs 3.35 lakh crore while ICICI Prudential MF manages only Rs 3.08 lakh crore. A mutual fund is a professionally managed investment pool from various investors that is used to buy securities.
5. Which of the following bank has designed and developed PaiSA portal for quicker processing of loans under the DeendayalAntyodayaYojana?

A. Punjab National Bank B. Vijaya Bank C. Dena Bank D. Allahabad Bank E. None of these

Answer: Option D
Explanation: The Union Ministry of Housing and Urban Affairs has launched the ‘PAiSA’ - Portal for Affordable Credit and Interest Subvention Access, a centralised electronic platform for quicker processing of loans under the DeendayalAntyodayaYojana - National Urban Livelihoods Mission (DAY-NULM). The web platform was designed and developed by Allahabad Bank.

1. The credit rating agencies (CRAs) operating in India is regulated by which of the following institutions?

A. RBI B. SEBI C. IRDAI D. NABARD E. SIDBI

Answer: Option B
Explanation: A credit rating agency (CRA, also called a rating service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely interest payments and the likelihood of default. An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, and in some cases, of the services of the underlying debt, but not of individual consumers. The debt instruments rated by CRAs include government bonds, corporate bonds, CDs, municipal bonds, preferred stock, and collateralized securities, such as mortgage-backed securities and collateralized debt obligations. The credit rating agencies (CRAs) operating in India are regulated by SEBI.
2. A fund that tracks an index but can be traded like a stock is known as

A. Exchange Traded Funds (ETF) B. Mutual Funds C. Energy Funds D. Investment Fund E. None of these

Answer: Option A
Explanation: An ETF (Exchange Traded Fund) is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.
3. We often read about EBITDA margin of companies. What does the letter ‘E’ denote in the term EBITDA?

A. Earnings B. Estimates C. Exchange D. Expansion E. Establishment

Answer: Option A
Explanation: The EBITDA margin measures a company's earnings before tax, depreciation and amortization as a percentage of the company's total revenue. Because EBITDA is calculated before any interest, taxes, depreciation and amortization, the EBITDA margin measures how much cash profit a company made in a given year.Fullform of EBITDA is Earnings before interest, tax, depreciation and amortization .
4. What does the letter ‘T’ denote in the term TReDS as used in banking/finance?

A. Transaction B. Transfer C. Taxation D. Termination E. Trade

Answer: Option E
Explanation: A number of private sector companies and a dozen state-run firms and public sector banks have registered themselves on the Trade Receivables Electronic Discounting System (TReDS) platform, paving way for faster payments to micro, small and medium enterprises (MSMEs).TReDS is an online mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers. It also enables discounting of invoices of MSME sellers raised against large corporate, allowing them to reduce working capital needs.
5. “AePS” is a bank-led model for transactions at micro-ATMs. Here, A stands for -------

A. Actual B. Arbitrary C. Approved D. Aadhaar E. Association

Answer: Option D
Explanation: Aadhaar Enabled Payment System (AEPS) is a type of payment system which allows Aadhaar card holders to seamlessly make financial transactions through Aadhaar- based authentication. Objective: To empower a bank customer to use Aadhaar as his/her identity to access his/her respective Aadhaar enabled bank account and perform basic banking transactions.

1. ‘KisanSuvidha loan’ was launched by which among the following small finance banks?

A. ESAF Small Finance Bank B. Ujjivan Small Finance Bank C. Jana Small Finance Bank D. Equitas Small Finance Bank E. AU Small Finance Bank

Answer: Option B
Explanation: Ujjivan SFB announced the launch of KisanSuvidha loan to offer collateral-free loans for both agriculture &allied activities to small & marginal farmers. The product provides hassle-free loans to individuals with the amount ranging from Rs. 60000 – Rs. 2 Lakh.
2. Recently, The Navy has finalized Rs.700 Crorecontract with for establishing an FM PiyushGoyal has exhorted state-run banks to step up upgraded Naval Airfield Integrated Security System.

A. Bharat Heavy Electricals Limited B. Bharat Electronics Limited C. Reliance Industries D. Hindustan Aeronautics Limited E. Bharat Dynamics Limited

Answer: Option B
Explanation: The Navy finalized a Rs.700 crore contract with Bharat Electronics Limited for establishing an upgraded Naval Airfield Integrated Security System. It will strengthen the perimeter security of its air stations. Its implementation would be completed in 2020.
3. Recently, the government has proposed to launch 'PradhanMantriShram-Yogi Maandhan' for the unorganised workers with monthly income up to.

A. Rs. 15000 B. Rs. 20000 C. Rs. 10000 D. Rs. 30000 E. Rs. 25000

Answer: Option A
Explanation: Government has proposed to launch 'PradhanMantriShram- Yogi Maandhan' for the unorganised sector workers with monthly income up to Rs. 15000. The scheme will provide an assured monthly pension of Rs. 3000 from the age of 60 years. The project outlay of the scheme is Rs.500 Crore.
4. The Insolvency and Bankruptcy Code has helped the Public Sector Banks recover over crore in the 3 quarters of the current fiscal.

A. Rs. 50000 Crore B. Rs. 25000 Crore C. Rs. 10000 Crore D. Rs.75000 Crore E. Rs. 1 Lakh

Answer: Option E
Explanation: lending to micro, small & medium enterprises, agriculture and housing sectors. The Insolvency and Bankruptcy Code has helped the PSBs recover over Rs.1 Lakh Cr in the 3 quarters of the current fiscal.
5. RBI recently mandated banks to treat ----- and more as bulk deposits.

A. Rs. 2 crore B. Rs. 1 crore C. Rs. 1.5 crore D. Rs. 2.5 crore E. Rs. 3 crore

Answer: Option A
Explanation: RBI doubled the limit for banks to consider Rs. 2 crore and more as bulk deposits from the earlier Rs. 1 crore with an aim to enhance operational freedom of banks. Banks generally offer different rates of interest only on bulk deposits of Rs. 1 crore and more.