1. What do you understand by term ‘Venture Capital’?

A. A short-term capital provided to industries B. A long-term start-up capital provided to new entrepreneurs C. Funds provided to industries at times of incurring losses D. Funds provided for replacement and renovation of industries E. None of these

Answer: Option B
Explanation: Venture capital is financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.
2. REER is the weighted average of nominal exchange rates, adjusted for inflation. What REER reflects?

A. Value of Indian Currency in International Market B. Degree of External Competitiveness of Indian Products C. Degree of Domestic Competitiveness of Indian Products D. Depreciation Rate of Indian Currency E. Inflation Rate of Indian Market

Answer: Option B
Explanation: Real Effective Exchange Rate (REER) is the weighted average of nominal exchange rates, adjusted for inflation. REER is calculated on the basis of NEER (Nominal Effective Exchange Rate). REER captures inflation differentials between India and its major trading partners and reflects the degree of external competitiveness of Indian products.
3. A foreign company can access Indian securities market only by issuing IDRs. What “D” denotes in IDR?

A. Direct B. Discount C. Dividend D. Day Trading E. Depository

Answer: Option E
Explanation: A foreign company desirous of accessing Indian securities market for the purpose of raising funds is not permitted to directly list its equity shares on an Indian stock exchange. It can only do it by issuing Indian Depository Receipts (IDRs).
4. Which article of the Indian Constitution envisages ‘Annual Financial Statement’ generally known as ‘Budget’?

A. Article 282 B. Article 110 C. Article 360 D. Article 105 E. Article 112

Answer: Option E
Explanation: Article 112 of the Indian Constitution envisages the Annual Financial Statement of the government. This annual statement displays the revenue and expenditure of the last year and estimates of revenue and expenditure for the coming financial year.
5. ------ is short term international capital movements, motivated by interest rate differential or revaluation hopes/devaluation fears.

A. Cheap Money B. Dear Money C. Hot Money D. Broad Money E. Narrow Money

Answer: Option C
Explanation: Hot Money is short term international capital movements, motivated by interest rate differential or revaluation hopes/devaluation fears.

1. “Ayushman Bharat scheme” will provide free insurance upto ------ per family per year at any government or private hospitals of all over India.

A. Rs. 5 lakhs B. Rs. 3 lakhs C. Rs. 2 lakhs D. Rs. 1 lakhs E. Rs. 8 lakhs

Answer: Option A
Explanation: The government-sponsored health insurance scheme will provide free coverage of upto Rs 5 lakh per family per year at any government or even empanelled private hospitals all over India.
2. What amount of loan agreement was recently signed between Indian government and ‘Asian Development Bank’ to improve state highways in Bihar?

A. $100 million B. $150 million C. $225 million D. $200 million E. $250 million

Answer: Option D
Explanation: In November, 2018, the Asian Development Bank (ADB) and the Government of India signed a $200 million loan in New Delhi to fund upgradation of 230 kilometers State Highways in Bihar under ‘Bihar State Highways III Project (BSHP-III)’.
3. The Reserve Bank of India (RBI) has announced to transfer Rs. 28,000 crores as interim dividend to the Government of India in the current Financial Year (FY) 2018-19. What was the total amount earned by ‘Union Government’ as dividend from RBI in fiscal year 2018- 19?

A. Rs. 28,000 crores B. Rs. 36,000 crores C. Rs. 82,000 crores D. Rs. 75,000 crores E. Rs. 68,000 crores

Answer: Option E
Explanation: The Reserve Bank of India (RBI) has announced to transfer Rs. 28,000 crores as interim dividend to the Government of India in the current Financial Year (FY) 2018-19, in order to enable the union government to meet its revised fiscal deficit target of 3.4% of the GDP for FY19. In August 2018, it transferred Rs. 40,000 crore taking the total to Rs. 68,000 crores as dividend for the 2018-19 fiscal. The RBI Act, 1934 requires RBI to pay the Government its surplus after making provisions for bad and doubtful debts, depreciation in assets and contribution to staff and superannuation.
4. Which organization has signed USD 100 million agreement with ‘Green Climate Fund’ to boost solar power projects in India?

A. SIDBI B. NABARD C. RBI D. IRDAI E. NITI Aayog

Answer: Option B
Explanation: In December, 2018, the National Bank for Agriculture and Rural Development (NABARD) signed a loan agreement worth USD 100 million with Green Climate Fund (GCF) to boost rooftop solar power capacity projects through the private sector participation. NABARD is the NIE (National Implementation Entity) for ‘Adaptation Fund’ of UNFCC and National Adaption Fund for Climate Change (NAFCC).
5. According to Reserve Bank of India, bank credit rose to ------ percent for the fortnight to March 29?

A. 13.24% B. 11.42% C. 12.31% D. 14.21% E. None of these

Answer: Option A
Explanation: According to the data of Reserve Bank of India, which was released on 11th April, 2019, bank credit rose 13.24% to Rs 97.67 lakh crore for the fortnight to March 29.This is the second consecutive robust credit growth after the same had declined to 4.54 percent in FY17 at Rs 78.41 lakh crore, which was the lowest since 5 decades.Deposits have grown by 10.03 percent to Rs 125.72 lakh crore during the same period.

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. 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.
3. 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.
4. The interest rates on banks’ contribution to Rural Infrastructure Development Fund should be fixed by ------.

A. Ministry of Finance B. National Bank for Agriculture and Rural Development C. Ministry of Rural Development D. Reserve Bank of India E. Individual Banks

Answer: Option D
Explanation: The interest rates on banks’ contribution to RIDF, other Funds, the tenure of deposits should be fixed by Reserve Bank of India from time to time. The Scheduled Commercial Banks having any shortfall in lending to priority sector shall be allocated amounts for contribution to the Rural Infrastructure Development Fund (RIDF) established with NABARD by RBI. Also, the contribution amount to the other Funds with NABARD/NHB/SIDBI/ MUDRA Ltd. Are also decided by the Reserve Bank from time to time.
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