1. When was the first "Industrial Development Policy " declared? Answer: April 6, 1948
2. When was RBI established? Answer: 1935 with a capital of 5 crore rupees
3. On what date RBI was nationalized? Answer: January 1, 1949
4. Which was the first public sector unit? Answer: Vishveshwariya Iron & Steel Works Bhadravati
5. What was Plan Holiday? Answer: Period between 3rd and 4th plans. Three annual plans were implemented during this period.
6. Which 5 year plan was called Rolling Plan? Answer: [latex]{6}^{th}[/latex] plan 1974 -79 was dropped in 1980
7. In which plan "gadgil Formula" was placed? Answer: [latex]{4}^{th}[/latex] plan
8. Which article gives the president power to constitute Finance Commissions? Answer: Article 280
9. What was the reason of constituting "Chelliah Committee" in 1991? Answer: To suggest reforms in tax structure
10. What is Lakdawala Formula? Answer: Consumer Price Index for industrial & Ag. Laborers to estimate poverty

1. In which year "Jawahar Rojgar Yojna" was merged in "Sampoorna Gramin Rozgar Yojna"? Answer: 2001
2. Providing credit facilities by more than one banks for single party with formal agreement with each other. What is this concept called? Answer: Consortium
3. Rate at which RBI purchases or re discounts bills of exchange of commercial banks. What this rate is called? Answer: Bank Rate
4. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company. Answer: Indian Depository
5. An instrument that derives its value from a specified underlying [currency , Gold, stocks] etc. is called as ……..? Answer:Hedge Fund
6. What is derived from total expenditure less total receipts excluding borrowing? Answer: Fiscal Deficit
7. In the capital market , simultaneous purchase and sale of securities to reduce the loss on purchase is known as …..? Answer: Arbitrage
8. Injecting liquidity by the central bank of a country through purchase of Govt. securities. What do we call this? Answer: Reverse repo
9. What is used to manage cash flows in different currencies? Answer: Currency Swap
10. Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards. What do we call this? Answer: Sub Prime

1. In instrument (bond) issued in a country other than the country of the currency of the bond. What type of bond is this? Answer: Eurobond
2. What does Money Laundering includes? Answer: Placement, layering, integration of funds
3. Which organization is capital market regulator? Answer: SEBI
4. What term is used for Money borrowed or lent for a day or overnight ? Answer: Call Money
5. Which bank uses punch line "India's International Bank" Answer:Bank of Baroda
6. Which bank uses punch line " Trusted Family Bank"? Answer: Dena Bank
7. What is NSCCL? Answer: National Securities Clearing Corporation Ltd
8. In which year Bombay Stock Exchange was established? Answer: 1875
9. In which year NSE was established? Answer: 1994
10. Personal Finance is a part of Financial System in India. Is it true or false? Answer: False, includes agricultural, industrial, government, development finance