1. In Notice Money Market, the tenor of the transactions is from ________

A. 2-7 days B. 2-14 days C. 2-21 days D. 2-28 days E. 2-90 days

2. ________ is a voluntary market body for the bond, money and derivatives markets.

A. RBI B. SEBI C. IRDAI D. FIMMDA E. UIDAI

3. If the claim is exceeding _________ claims can be settled by legal evidence that is by probate of will or succession certificate in Post Office Saving Schemes?

A. three lakh B. four lakh C. one lakh D. six lakh E. nine lakh

4. ‘Shishu’, ‘Kishore’ and ‘Tarun’ are associated with

A. SBI B. RESERVE BANK C. IDBI D. MUDRA BANK E. NABARD

5. National Income Estimate is prepared by _________

A. Department of Economics and affairs B. CSO (Central Statistical Organization) C. RBI D. Finance ministry E. SEBI

Answers and Explanations
1. Answer - Option B
Explanation -
In money market, the amount that is lent for one day is known as “call money” and, if it exceeds one day or two days to 14 days is referred to as “notice money.”
2. Answer - Option D
Explanation -
The Fixed Income Money Market and Derivatives Association of India (FIMMDA), an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies was incorporated as a Company under section 25 of the Companies Act,1956 on June 3rd, 1998. FIMMDA is a voluntary market body for the bond, money and derivatives markets. FIMMDA has members representing all major institutional segments of the market. The membership includes Nationalized Banks such as State Bank of India, its associate banks and other nationalized banks; Private sector banks such as ICICI Bank, HDFC Bank, IDBI Bank; Foreign Banks such as Bank of America, ABN Amro, Citibank, Financial institutions such as IDFC, EXIM Bank, NABARD, Insurance Companies like Life Insurance Corporation of India (LIC), ICICI Prudential Life Insurance Company, Birla Sun Life Insurance Company and all Primary Dealers.
3. Answer - Option C
Explanation -
If the claim is exceeding one lakh claims can be settled by legal evidence that is by probate of will or succession certificate in Post Office Saving Schemes.
4. Answer - Option D
Explanation -
The initial products and schemes (MUDRA) under this umbrella have already been created and the interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth/development and funding needs of the beneficiary micro unit /entrepreneur as also provide a reference point for the next phase of graduation / growth for the entrepreneur to aspire for:
Shishu: covering loans upto Rs. 50,000/-
Kishor: covering loans above Rs. 50,000/- and upto Rs. 5 lakh
Tarun: covering loans above Rs. 5 lakh and upto Rs. 10 lakh
5. Answer - Option B
Explanation -
The Government of India appointed National Income Committee in 1949. The committee was chaired by Prof. P.C. Mahalanobis and had Prof D.R. Gadgil and Dr. V.K.R.V. Rao as members . The first report of the committee was presented in 1951. According to the first report, the National Income of India for 1948-49 was Rs. 8,710 crore and the per capita income was Rs. 225. Since 1955 the national income estimates are being prepared by Central Statistical Organisation.

1. What is the Bank Rate, according to first Bi-monthly Monetary Policy statement for 2019-20?

A. 5.75% B. 6.00% C. 6.25% D. 6.50% E. None of these

2. The farmers pursuing the activities of animal husbandry and fisheries availing long through Kisan Credit Card will be provided with the benefit of ___ interest subvention.

A. 1% B. 1.6% C. 1.8% D. 2% E. 2.8%

3. Which district court has become the first in India to accept e-payments?

A. Pune B. Bhopal C. Delhi D. Lucknow E. Kolkata

4. In the event of death of a labourer during service, the amount to be paid by EPFO has been enhanced from Rs. 2.5 lakh to Rs. ____.

A. Rs 3 lakh B. Rs 6 lakh C. Rs 7 lakh D. Rs 9 lakh E. Rs 4 lakh

5. Under the PradhanMantriShram Yogi Maan-Dhan scheme, Workers of the unorganized sector will receive how much Rupees pensions after attaining the age of 60 years?

A. Rs 3000 B. Rs 1000 C. Rs 6000 D. Rs 1200 E. None of these

Answers and Explanations
1. Answer - Option C
Explanation -
As per RBI’s first Bi-monthly Monetary Policy statement for 2019-20, The marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.
Bank Rate is the rate at which the Reserve Bank is ready to buy or re-discount bills of exchange or other commercial papers for the long term.
2. Answer - Option D
Explanation -
The farmers pursuing the activities of animal husbandry and fisheries availing long through Kisan Credit Card will be provided with the benefit of 2% interest subvention.
3. Answer - Option A
Explanation -
Pune court is first in India to get the facility of e-payment.“The Pune district and sessions court are the first in India to launch the e-payment system.
There will be no extra charges for transactions till Rs 2,000; over and above that, charges will be levied.
4. Answer - Option B
Explanation -
The ceiling of ESI’s eligibility cover has been increased from Rs. 15,000 pm to Rs. 21,000 pm. Minimum pension for every labourer has been fixed at Rs. 1,000 per month. In the event of death of a labourer during service, the amount to be paid by EPFO has been enhanced from Rs. 2.5 lakh to Rs. 6 lakh.
Under Anganwadi and AshaYojana honorarium has been enhanced by about 50% for all categories of workers.
5. Answer - Option A
Explanation -
Under the PradhanMantriShram Yogi Maan-Dhan scheme, workers of the unorganized sector will receive a minimum assured pension of three thousand rupees per month after attaining the age of 60 years.The workers whose monthly income is 15 thousand rupees per month or less and belong to the entry age group of 18 to 40 years are eligible for the scheme.

1. What is the Paid-up Share Capital of Agriculture Insurance Company of India?

A. Rs. 200 crores B. Rs. 500 crores C. Rs. 750 crores D. Rs. 100 crores E. Rs. 600 crores

2. Which of the following statements in context of Treasury bills (T- Bills) is not correct?

A. T-bills offer short-term investment opportunities, generally up to one year B. T-bills are available for a minimum amount of Rs.25,000 C. T-bills auctions are held at the SEBI headquarter. D. Both A and B E. All of the above are true

3. Which of the following not a function of Reserve Bank of India?

A. Formulates, implements and monitors the monetary policy. B. Manages the Foreign Exchange Management Act (FEMA), 1999. C. Approving rules and laws pertaining to the stock exchanges. D. Maintains banking accounts of all scheduled banks. E. All of the above

4. In which of the following years Forward Markets Commission (FMC) merged with the capital markets watchdog SEBI?

A. 2015 B. 2010 C. 2012 D. 2014 E. 2008

5.Which of the following terms is used to define rise in the price of a security or in the value of one currency in terms of another?

A. Appreciation B. Accreting C. Accrued Interest D. Arbitrage E. None of the above

Answers and Explanations
1. Answer - Option A
Explanation -
The paid- up share capital of Agriculture Insurance Company of India is Rs. 200 crores, while the Authorized Share Capital – Rs. 1500 Crores. It was incorporated in 20th December 2002 and commenced operations on 1st April 2003.
2. Answer - Option C
Explanation -
T-bills auctions are held at the Reserve Bank of India, Mumbai. Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are useful in managing short-term liquidity. At present, the Government of India issues four types of treasury bills, namely, 14-day, 91-day, 182-day and 364-day.
3. Answer - Option C
Explanation -
SEBI approves rules and laws pertaining to the stock exchanges.To protect the rights of investors and ensuring safety to their investment. To prevent fraudulent and malpractices by having balance between self-regulation of business and its statutory regulations.To regulate and develop a code of conduct for intermediaries such as brokers, underwriters, etc.
4. Answer - Option A
Explanation -
In the year 2015, Forward Markets Commission (FMC) merged with the capital markets watchdog SEBI. The merger was precipitated with the National Spot Exchange Ltd. scam, which involved a payment crisis of more than Rs. 5000 crore. This was considered a regulatory failure by the FMC.
5. Answer - Option A
Explanation -
Appreciation is a rise in the price of a security or in the value of one currency in terms of another. It is Increase in the value of an asset which is in excess of the asset’s depreciable cost and is due to economic and other factors (such as scarcity or inflation) and not due to additions or improvements made to it.