1. Which among the following has become the first small finance bank to introduce personal loan scheme for salaried employees?

A. Ujjivan Small Finance Bank B. Jana Small Finance Bank C. Equitas Small Finance Bank D. Fincare Small Finance Bank E. None of the above

Answer: Option A
Explanation: Ujjivan Small Finance Bank, a wholly owned subsidiary of Ujjivan Financial Services Limited, launched personal loan facility for salaried professionals making it the first small finance bank in India to offer this scheme. The personal loan will be available for salaried professionals who are earning a monthly salary above Rs 15, 000. Individuals can avail loans starting from Rs 50,000 up to Rs 15 lakhs.
2. What is the present refinance limit for housing finance companies?

A. Rs. 30000 Crore B. Rs. 24000 Crore C. Rs. 36000 Crore D. Rs. 28000 Crore E. Rs. 32000 Crore

Answer: Option A
Explanation: The National Housing Bank (NHB) has set the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector. It helps alleviate the liquidity crunch that the sector is facing following series of defaults by group companies of IL&FS Ltd.
3. Under the Credit Risk Guarantee Fund Scheme, Individual borrowers can get guarantee cover for housing loans up to ----.

A. Rs. 2 Lakh B. Rs. Lakh C. Rs. 10 Lakh D. Rs. 3 Lakh E. Rs. 1 Lakh

Answer: Option B
Explanation: Credit Risk Guarantee Fund Scheme for Low Income Housing (CRGFS) was formulated by the Ministry of Housing and Urban Poverty Alleviation. The objective of the scheme is to provide credit guarantee support to Collateral free/third-party guarantee free housing loans up to Rs.5 lakhs extended by eligible lending institutions for Low Income Housing in urban areas. National Housing Board has been mandated to manage the Fund Trust under the scheme.
4. NBFC- Infrastructure Finance company should have a minimum Capital to Risk (Weighted) Assets Ratio of ------.

A. 19% B. 15% C. 18% D. 22% E. 20%

Answer: Option B
Explanation: Infrastructure Finance Company is a non-banking finance company which deploys at least 75% of its total assets in infrastructure loans.It should have a minimum Net Owned Funds of Rs. 300 crore and a Capital to Risk (Weighted) Assets Ratio (CRAR) of 15%.NBFCs lend and make investments and hence their activities are like banks. But they cannot accept demand deposits, they do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
5. India has extended Line of Credit (LoC) of $200 million to which country through Exim Bank for infrastructure and housing projects.

A. Nepal B. Afghanistan C. Uzbekistan D. Jordan E. Egypt

Answer: Option C
Explanation: India has extended Line of Credit (LoC) $200 million to Uzbekistan through Exim Bank which entered into an agreement with Uzbekistan to facilitate credit line to finance housing and social infrastructure projects.

1. IIFL Home Finance signed anMoU with which state government for building houses under PradhanMantriAwasYojana.

A. Uttar Pradesh B. Maharashtra C. Gujarat D. Telangana E. Tamil Nadu

Answer: Option B
Explanation: IIFL Home Finance signed a Memorandum of Understanding (MoU) with the Maharashtra government for capacity building for affordable housing through credit-linked subsidy scheme (CLSS) under PradhanMantriAwasYojana (PMAY). IIFL Chairman- Nirmal Jain
2. India has signed $950 million contracts with a limit on investments by Foreign Portfolio Investors in corporate bonds of an entity.

A. France B. Russia C. Argentina D. USA E. UAE

Answer: Option B
Explanation: India has signed a $950 million contract with Russia for 2 upgraded Krivak III-class stealth frigates. They are built by Yantar Shipyard of Russia and will be powered by Ukrainian gas turbine engines. They are expected to be delivered by the end of 2022.
3. Swift India has partnered with fin-tech company ------ to create block chain platform to prevent frauds and to ensure the safety of transactions.

A. Incred B. CCAvenue C. PineLabs D. Aye Finance E. MonetaGo

Answer: Option E
Explanation: The banking sector is set to create a block chain platform with SWIFT India to prevent frauds and ensure transparency and security of real-time transactions. SWIFT India has partnered with fin-tech company Monet Ago for a pilot project.
4. Reserve Bank of India disbursed $ ------ million loan amounts to Sri Lanka to boost its reserves.

A. 400 B. 200 C. 250 D. 300 E. 100

Answer: Option A
Explanation: Reserve Bank of India (RBI) disbursed $400 million to the Central Bank of Sri Lanka (CBSL) under the SAARC swap facility. Sri Lanka's reserves dipped from $7991 million to $6985 million due to the political crisis. to buy two stealth frigates.
5. Recently, SEBI withdrew ----- percentage limit on investments by Foreign Portfolio Investors in corporate bonds of an entity.

A. 15% B. 10% C. 20% D. 25% E. 12%

Answer: Option C
Explanation: Securities and Exchange Board of India (SEBI) withdrew the 20% limit on investments by Foreign Portfolio Investors in corporate bonds of an entity. The regulator said the restriction is being withdrawn in accordance with a circular issued by the Reserve Bank of India.

1. A Saving account or Current account is classified as ‘Inoperative’ or ‘Dormant’ if there are no transactions in the account for over a period of years.

A. 9 months B. 1 year C. 1.5 years D. 2 years E. 2.5 years

Answer: Option D
Explanation: RBI has stipulated that a saving/current account will be classified as an inoperative/dormant if there is no operation in the account for over a period of two years. Interest credited by the bank on the balance in the account and any charges debited by the bank is not considered as transaction for this purpose.
2. Which type of money market instrument is a short term debt instrument issued by Government of India and are presently issued in three tenors?

A. Commercial Paper B. Call Money C. Notice Money D. Treasury Bills E. None of these

Answer: Option D
Explanation: Treasury Bills are short term (up to one year) borrowing instruments of the Government of India which enable investors to park their short term surplus funds while reducing their market risk. They are auctioned by Reserve Bank of India at regular intervals and issued at a discount to face value. Treasury bills are presently issued in three maturities, 91 day / 182 day / 364 day.
3. Collateralized Borrowings & Lending Obligation (CBLO) is a type of money market instrument operated by which of the following?

A. RBI B. NPCI C. CCIL D. INFINET E. SEBI

Answer: Option C
Explanation: The Collateralized Borrowing & Lending Obligation (CBLO) market is a money market segment operated by the Clearing Corporation of India Ltd. (CCIL)
4. Treasury bills are sold in India which of the following –

A. Government of India B. Commercial Banks C. Reserve Bank of India D. The Securities and Exchange Board of India E. Both A and C

Answer: Option C
Explanation: Treasury bills are issued by Government of India and sold by Reserve Bank of India to banks.
5. In 2010, Government of India, in consultation with RBI introduced a new short term instrument to meet the temporary mismatch in cash flow of the Government of India. The name of this money market instrument is

A. Cash Management Bills (CMB) B. Bankers acceptance C. Municipal notes D. Federal funds E. None of the above

Answer: Option A
Explanation: In 2010, Government of India, in consultation with RBI introduced a new short term instrument to meet the temporary mismatch in cash flow of the Government of India called Cash Management Bills (CMB).