1. What is India’s GDP growth rate for October- December 2018 quarter?

A. 7% B. 6.9% C. 6.7% D. 6.8% E. 6.6%

Answer: Option E
Explanation: India's GDP growth moderated to 6.6% in the Oct-Dec quarter of 2018-19, the lowest in five quarters, from 7% in the previous quarter. India is still the fastest-growing major economy. GDP growth forecast was revised for the current fiscal from 7.2 to 7%.
2. Total gross GST revenue collected in the month of February 2019 is ₹ ------- 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.
3. The Asian Development Bank (ADB) 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.
4. 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
5. Recently, the government approved a Rs. 14,000 crore special economic zone (SEZ) project of Adani Power in ------.

A. Uttar Pradesh B. Jharkhand C. Bihar D. Tamil Nadu E. Odisha

Answer: Option B
Explanation: The government approved a Rs. 14,000 crore special Government of India signed a $ Million Loan economic zone (SEZ) project of Adani Power in Jharkhand, which will export entire power generated to Bangladesh. It will be ready by the end of 2022.Exports from SEZs grew by about 15% to ₹5.52 trillion in 2017-18.

1. The term used for an economic condition, in which there are only two large buyers for a specific product or service is -----.

A. Duopoly B. Duodecimo C. Duopsony D. Duologues E. Duodenary

Answer: Option C
Explanation: An economic condition, in which there are only two large buyers for a specific product or service is termed as Duopsony. Members of a duopsony have great influence over sellers and can effectively lower market prices for their supplies
2. In which of the following years symbol of Indian rupee came into existence?

A. 2012 B. 2011 C. 2009 D. 2010 E. 2008

Answer: Option D
Explanation: The Indian rupee is the official currency of India. Designed by Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010. The new sign is a combination of the Devanagari letter "र" ("ra") and the Latin capital letter "R" without its vertical bar (like the R rotunda). The parallel lines at the top (with white space
3. Which of the following International financial institutions compiles the system of national accounts which aim at measuring GDP as per national Standards?

A. Asian Infrastructure Investment Bank B. Central American Bank for Economic Integration C. International Monetary Fund D. International Investment Bank E. World Bank

Answer: Option C
Explanation: The System of National Accounts (SNA) is compiled by International Monetary Fund, it is the internationally agreed standard set of recommendations on how to compile measures of economic activity Consequently, the national accounts are one of the building blocks of macroeconomic statistics forming a basis for economic analysis and policy formulation. Economic and financial data from member countries are used to compile annual (and sometimes quarterly) data on gross product, investment, capital transactions, government expenditure and foreign trade.
4. BPLR was introduced by the Reserve Bank of India in 2003. In BPLR, ‘P’ denotes –

A. Priority B. Prime C. Purchasing D. Personal E. Payment

Answer: Option B
Explanation: Benchmark Prime Lending Rate is an abbreviation of BPLR. It is the rate which banks charge to their customers with good credit history. Banks are free to set their prime lending rate.
5. What is the minimum amount of a Certificate of Deposit?

A. 10 lakhs B. 50 lakhs C. 1 lakh D. 20 Thousand E. 5 lakhs

Answer: Option C
Explanation: Minimum amount of a Certificate of Deposit (CD) should be Rs.1 lakh, i.e., the minimum deposit that could be accepted from a single subscriber should not be less than Rs.1 lakh, and in multiples of Rs. 1 lakh thereafter.

1. GST collections in February dropped to ₹ ------ in February from ₹1.02 lakh crore in the previous month.

A. 92,247 crore B. 96,247 crore C. 94,247 crore D. 97,247 crore E. 99,747 crore

Answer: Option E
Explanation: GST collections in February dropped to Rs.97,247 crore in February from Rs.1.02 lakh crore in the previous month. The number of sales return or GSTR-3B filed for the month of January up to February 28, 2019 was 73.48 lakh.
2. RBI recently, imposed penalties worth Rs. ----- crore on IDBI, Dena Bank.

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

Answer: Option B
Explanation: RBI has imposed a monetary penalty of Rs. 2 crore on Dena Bank. Rs 1 crore penalty was imposed on IDBI Bank for non-compliance of its regulatory directions on time-bound implementation and strengthening of SWIFT related operational controls.
3. Centre and Asian Development Bank (ADB) signed a ------- million-dollar loan agreement to operationalize two lines of the Mumbai Metro Rail System

A. 726 B. 826 C. 926 D. 1006 E. 786

Answer: Option C
Explanation: Centre and Asian Development Bank (ADB) signed a 926- million-dollar loan agreement to operationalize two lines of the Mumbai Metro Rail System. It is the single largest infrastructure project loan in ADB history.
4. ICICI Bank will acquire 9.9% stake in which of the following Non-Banking Finance Company?

A. IL&FS B. Indiabulls C. Kisan Finance D. Bajaj Finance E. Capital First

Answer: Option C
Explanation: ICICI Bank will acquire 9.9% stake in Non-Banking Finance Company (NBFC) Kisan Finance for nearly Rs.18 crore. Kisan Finance, which was incorporated in December 2017, had registered a net loss of Rs.48 lakh in 2017-18.
5. SBI to form Payment Joint venture with Hitachi Payment Services Pvt Ltd in which SBI’s stake would be ------ %.

A. 80 B. 75 C. 74 D. 50 E. 51

Answer: Option C
Explanation: State Bank of India (SBI) and Hitachi Payment Services Pvt Ltd, a wholly-owned subsidiary of Hitachi Ltd, launched their merchant-acquiring joint venture, SBI Payment Services Pvt Ltd (SBIPSPL) in Mumbai. SBI has a 74 per cent stake & 26% is with Hitachi.