1. How much amount of fund was received by India from the Asian Development Bank (ADB) in terms of sovereign loans in the year 2018?

A. USD 4 billion B. USD 3 billion C. USD 2 billion D. USD 4.5 billion E. USD 3.5 billion

2. The government has infused how much crore Rupees in four public sector banks, including UCO Bank and Syndicate Bank recently?

A. Rs 10,882 crore B. Rs 12,775 crore C. Rs 08,225 crore D. Rs 05,666 crore E. None of these

3. In which bank the central government has infused Rs 3,076 crore of capital into it by way of preferential allotment recently?

A. Axis Bank B. UCO Bank C. Union Bank of India D. Central Bank of India E. None of these

4. The government has hiked the customs duty on wheat to _____ from_____ recently to curb imports and protect the domestic industry.

A. 30%, 20% B. 25%, 15% C. 20%, 15% D. 40%, 30% E. None of these

5. ______ and SBI Life Insurance signed a bancassurance pact aiming to offer a comprehensive financial planning solution to its customers.

A. ICICI Bank B. Axis Bank C. Syndicate Bank D. Canara Bank E. None of these

Answers and Explanations
1. Answer - Option B
Explanation -
India was the biggest recipient of funds from the Asian Development Bank (ADB) in the year 2018. The country received USD 3 billion in sovereign loans in 2018 from ADB.
2. Answer - Option A
Explanation -
The government has infused 10,882 crore Rupees in four public sector banks, including UCO Bank and Syndicate Bank. It is a part of 28,615 crore rupees capital infusion to be done in about half a dozen public sector lenders. UCO Bank has received 3,074 crore rupees in the equity by way of preferential allotment yesterday. Besides, Bank of Maharashtra got 4,498 crore rupees, Syndicate Bank 1,632 crore rupees and Central Bank of India 1,678 crore rupees.
3. Answer - Option B
Explanation -
State-run lender UCO Bank stated the central government has infused Rs 3,076 crore of capital into it by way of preferential allotment. The government “has conveyed its decision to invest Rs 3,074 crore in the equity of the Bank by way of preferential allotment and Bank has received the amount.
4. Answer - Option D
Explanation -
The government has hiked the customs duty on wheat to 40% from 30% to curb imports and protect the domestic industry.
5. Answer - Option C
Explanation -
Syndicate Bank and SBI Life Insurance signed a bancassurance pact aiming to offer a comprehensive financial planning solution to its customers. The pact was signed between Syndicate Bank MD & CEO, Mrutyunjay Mahapatra and MD and CEO of SBI Life, Sanjeev Nautiya

1. Reliance Nippon Life Asset Management (RNAM) has partnered recently (April 2019) with which company to enable the customers of Reliance Mutual Fund to carry out voice-based financial transaction?

A. Oracle B. Google C. Tata consultancy Services D. IBM E. Infosys

2. Which of the following organisation has approved USD 455 Million loan for the Andhra Pradesh Rural Roads Project recently (March 2019)?

A. Asian Development Bank B. World Bank C. International Monetary Fund (IMF) D. Asian Infrastructure Investment Bank (AIIB) E. New Development Bank (NDB)

3. 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

4. What will be the global economy growth in 2019 forecasted by the Organisation for Economic Co-Operation & Development recently in March?

A. 3.6% B. 3.4% C. 3.5% D. 3.2% E. 3.3%

5. Which of the following is NOT true regarding Commercial Paper (CP)?

A. CP was introduced in India in 1990. B. Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP. C. CP are unsecured money market instrument issued in the form of a promissory note. D. CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year. E. CP can be issued in denominations of Rs. 10 lakh or multiples thereof.

Answers and Explanations
1. Answer - Option B
Explanation -
Reliance Nippon Life Asset Management (RNAM) has partnered with Google, becomes the first Indian company to launch voice-based financial transactions.
2. Answer - Option D
Explanation -
A loan agreement of USD 455 million was signed between the Asian Infrastructure Investment Bank (AIIB) and the Government of India for financing the Andhra Pradesh Rural Roads Project.
3. 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.
4. Answer - Option E
Explanation -
The interim outlook report by OECD predicts the growth rate of 3.3% for 2019 and 3.4% for 2020, owing to trade disputes and uncertainty over Brexit that would largely affect the world commerce and business.
5. Answer - Option E
Explanation -
Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers to diversify their sources of short-term borrowings. Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP. CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue. CP can be issued in denominations of Rs.5 lakh or multiples thereof.

1. CFMS is a system operated by the RBI to enable operations on current accounts maintained at various offices. What does CFMS stand for?

A. Commodity Federal Marketing System B. Commercial Finance Merger System C. Centralised Funds Management System D. Currency Foreign Merchandising System E. Capital Forex Mortgage System

2. What is the Statutory Liquidity Ratio (SLR) as per ‘Second Bi-Monthly Monetary Policy 2019-20’ released recently?

A. 18.75% B. 19.0% C. 19.5% D. 19.25% E. 19.75%

3. Which multilateral financial institution has launched world’s first block chain public bond “Bond-I”?

A. International Monetary Fund B. Asian Development Bank C. New Development Bank D. World Bank E. European Bank for Reconstruction and Development

4. ‘BCBS’ is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. What is the full form of BCBS?

A. Bankers Committee of BRICS States B. Banking Committees of Backward States C. Basel Commission on Business Simplification D. BRICS Countries Business Subgroup E. Basel Committee on Banking Supervision

5. What is the price of Sovereign Gold Bonds (SGBs) for 2019-20 fixed recently (June 2019) by Government?

A. Rs 3,048 per gram B. Rs 3,124 per gram C. Rs 3,148 per gram D. Rs 3,196 per gram E. Rs 3,220 per gram

Answers and Explanations
1. Answer - Option C
Explanation -
The Centralised Funds Management System (CFMS), is a system set up, operated and maintained by the Reserve Bank of India (hereinafter referred to as the ‘Bank’) to enable operations on current accounts maintained at various offices of the Bank, through standard message formats in a secure manner.
2. Answer - Option B
Explanation -
In June 2019, Reserve Bank of India (RBI) released its second Bi-Monthly Monetary Policy. Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.75 per cent from 6.0 per cement. Consequently, the reverse repo rate under the LAF stands adjusted to 5.50 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.0 per cent RBI had reduced 0.25 basis points in the Policy Rates.
3. Answer - Option D
Explanation -
The World Bank has launched the world’s first public bond created and managed using only Block-Chain technology. It has been named: BONDI Bond, stands for Block-chain Operated New Debt Instrument. The Commonwealth Bank of Australia is the sole manager of the deal that has been priced by the World Bank at A$100 million ($73.16 million) with a two-year maturity.
4. Answer - Option E
Explanation -
The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974. The Committee’s Secretariat is located at the Bank for International Settlements (BIS) in Basel, Switzerland.
5. Answer - Option D
Explanation -
The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs 3,196 per gram.