Civils Prelims 2020 Model Questions
Prepared
by :Praturi Potayya Sarma
Questions
based on BANKING / ECONOMY
1) Which of the following is correct ?
a) The NSFR is defined as the amount
of available stable funding relative to the amount of required stable funding.
b). “Available stable funding” (ASF)
is defined as the portion of capital and liabilities expected to be reliable
over the time horizon considered by the NSFR, which extends to one year.
c) The amount of stable funding
required ("Required stable funding") (RSF) of a specific institution
is a function of the liquidity characteristics and residual maturities of the
various assets held by that institution as well as those of its off-balance
sheet (OBS) exposures
d) All the above
Ans : d
2) In the abbreviation GIIPS, the letter
G stands for what ?
a) Greece (
GIIPS: Greece, Italy, Ireland, Portugal, and Spain )
b) Great
c)
Government
d)
Go
Ans : a
3) Special Drawing Right (SDR) is an
international reserve asset created by whom ? Give details.
a) IMF and allocated to its members
in proportion of the members’ quota at IMF.
b) SDRs are held by Government of
India/RBI and are shown as part of the Foreign Exchange Reserves.
c) Both (a) and (b)
d) UNO
Ans :c
4) What is ‘Less-Cash Economy’ ?
a) In this economy many of the
transactions are carried out through digital means
b) Every thing is done using more currency
c)
Every transaction with coins only
d) Every transaction with Rs.500/- note
only
Ans : a
5) SARFAESI Act allows
bankers to take which of the following ?
a) Possession of the assets charged to
the bank and auction these without intervention of the court
b) People can take more loans
c) Banks can collect more deposits
d) Banks
collect more capital
Ans :a
6) Government of India, in
consultation with the Reserve Bank of India, has decided to offer discount of
Rs. 50 per gram less than the nominal value to those investors applying online
and the payment against the application is made through digital mode. For such
investors, the issue price of Gold Bond will be Rs. 2921/- (Rupees Two Thousand
Nine Hundred and Twenty One only) per gram of gold. This facility is in which
scheme ?
a) MGNREGS
b) Sovereign Gold Bond Scheme (2017-18 Series - V)
c) PMGSY
d) PMJDY
Ans : b
7) who launched ‘Sampoorna Bima Gram
(SBG) Yojana’? Give details.
a) Manoj Sinha, Minister of State
(Independent Charge) Ministry of Communications
b) At least one village ( with minimum
100 households) will be identified in each of the revenue district of the
country
c) Coverage of all households is the
primary objective of this scheme
d) It is an initiative for expansion of
clientele base of Postal Life Insurance (PLI)
and All the above
Ans : d
8) According to the ‘Specified Bank
Notes (Cessation of liabilities) Ordinance 2016’ the specified bank notes have
ceased to be the liabilities of the RBI w.e.f._____ .
a) March 21, 2016
b) November 8, 2016
c) December 20, 2016
d) December 31, 2016
Ans : d
9) While there is a considerable
depreciation of Indian Rupee against US Dollar recently, the rate of
depreciation is substantially lower in terms of trade weighted NEER, because
other currencies have also depreciated against US Dollar. It is the
depreciation in NEER that affects headline inflation. As a result, its impact
on inflation is not likely to be very substantial. In the abbreviation NEER,
the letter N stands for what ?
a) Nominal ( NEER: Nominal
Effective Exchange Rate)
b)National
c) Not
d) Net
Ans : a
10) The International Labour
Organisation (ILO) has projected unemployment in India at 18.6 million in 2018,
higher than 18.3 million in 2017 in its report, Parliament was informed.
"The ILO released a report "World Employment and Social Outlook
Trends - 2018". Where is the headquarters of ILO ?
a) Geneva
b) Washington D.C.
c) London
d) Moscow
Ans : a
11) In which year Kisan Credit Card
(KCC) scheme was introduced for issue of
Kisan Credit Cards to farmers on the basis of their holdings for uniform
adoption by the banks so that farmers may use them to readily purchase
agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash
for their production needs ?
a)1968
b)1988
c)1998
d)2008
Ans : c
12) Which of the following are called as
‘Invisible Receipts’ in Foreign Exchange
?
a) Services (Transport, Insurance)
b) Primary Income Receipts (
Compensation of Employee)
c) Secondary Income Receipts (Official
transfer,Private transfer)
d) All the above
Ans :d
13) Retail inflation, is
measured by the year-on-year change in which of the following ?
a) Consumer Price Index (CPI)
b) WPI
c)IIP
d) Sensex
Ans :a
14) What is “Shell bank” ?
a)
It means a bank which is incorporated in a country where it has no
physical presence and is unaffiliated to any regulated financial group
b) Bank with sea shells and conch
c) Bank with Cash
d) Bank with diamonds
Ans :a
15) What is ASBA ?
a) Application
supported by Blocked Amount (ASBA) means
an application for subscription to an issue containing an authorization to
block the application money in a Bank account.
b) It is an additional mode of payment
for investment in shares. Without moving the funds out of your account, the
amount will now be simply blocked.
c) This means as long as the IPO shares
are not allotted, the funds stay in your account and you will also not lose
interest in your savings bank account.
d) The amount equivalent to allotted
shares will be debited from your account and the balance, if any, will be
unblocked in your account. All categories of investors are eligible to
apply for public issues using ASBA facility
and All the above
Ans : d
16) What is UPI? Give details
a) UPI is a channel that enables linking
of multiple bank accounts into a single
mobile app.
b)
UPI brings the awesome idea of “Virtual Payment Address” (ex. XXXX@andb),a
virtual identity like an email address, name, phone no etc.
c)
UPI facilitates ‘virtual address’ as a payment identifier for sending and
collecting money between any two parties without knowing the recipient’s name,
bank account number and IFSC code.
d) All the above
Ans :d
17) The
Fugitive Economic Offenders Ordinance, 2018, inter alia provides for which of
the following ?
a) making
an application before the Special Court for a declaration that an individual is
a fugitive economic offender;
b)
attachment of the property of a fugitive economic offender and proceeds
of crime;
c)
issue of a notice by the Special Court to the individual alleged to be a
fugitive economic offender;
d)
confiscation of the property of an individual declared as a fugitive economic
offender or even the proceeds of crime;
and All the above
Ans :d
18) In the default NPS scheme, the
contributed is allocated to which PFMs.?
a) SBI Pension Funds Private Ltd.
b) UTI Retirement Solutions Limited
c) LIC Pension Fund Limited
d) All the above ( in a predefined
proportion)
Ans : d
19) Each of the PFMs, (in New Pension Schme
) will invest the funds in the
proportion _______
a) upto 50 % in Government securities
and related investments
b) upto 45% in Debt instruments and
related investments
c) upto 5% in in Short term Debt
instruments and related instruments
d) All the above
Ans : d
20) What is ‘Electronic Cheque’ ?
a) It is
the exact mirror image of a paper cheque
b) It is generated and is written and
signed in a secured system ensuring the minimum safety standards
c) It will use digital signature (with
or without biometrics signatures and asymmetric crypto systems)
d) All the above
Ans : d
21) What are the sub-categories included under ‘Agriculture’ for bank financing
purpose ?
a) Farm credit
b) Agriculture infrastructure
c) Ancillary activities related to agriculture
d) All the above
Ans :d
22) What are Priority Sector Lending Certificates
(PSLCs)?
a) Priority Sector Lending Certificates (PSLCs) are a
mechanism to enable banks to achieve the priority sector lending target and
sub-targets by purchase of these instruments in the event of shortfall.
b) This also incentivizes surplus banks as it allows
them to sell their excess achievement over targets thereby enhancing lending to
the categories under priority sector.
c) Under the PSLC mechanism, the seller sells
fulfilment of priority sector obligation and the buyer buys the obligation with
no transfer of risk or loan assets.
d) All the above
Ans :d
23) What is Trade Receivables Discounting System
(TReDS)?
a) The objective of TReDS is to create Electronic
Bill Factoring Exchanges which could electronically accept and settle bills so
that MSMEs could encash their receivables without delay. This will not only
give them greater access to finance but will also put greater discipline on corporates
to pay their dues on time.
b) to encourage savings habit
c) to encourage expenditure
d) to make deposits in NPS
Ans :a
24) Vigilance is defined in dictionaries
as “action or state of keeping careful watch for possible danger or
difficulties.” Vigilance takes several
forms, which are often classified as how many types ?
a) Preventive vigilance, which is aimed
at reducing the occurrence of a lapse (violation of a law, a norm, or, broadly
speaking, a governance requirement);
b) Detective vigilance, which is aimed
at identifying and verifying the occurrence of a lapse; and, finally,
c) Punitive vigilance, which is aimed at
deterring the occurrence of a lapse.
d) All the above
Ans :d
25) What are the reasons for industrial
sickness in India ?
a) bad financial structure and/or
chronically inefficient use of factors of production
b) poor market position
c) locking up of scarce investible funds
in sub-optimal activities
d) amount of outstanding credit locked
up in sick industrial units
and All the above
Ans :d
26) As per IBBI, a Financial Institution
means, which of the following ?
a) A scheduled bank
b) a financial institution as defined in
Section 45 –I of the RBI Act, 1934
c) Such other institution as the Central
Government may be notification specify as a financial institution
d) All the above
Ans :d
27) Which sector had a majority share in total FDI at market
prices in India i.e., major recipients of FDI, as per the recent report ?
a) manufacturing sector
b) Information and Communication
Services
c) Financial and Insurance activities’
d) Sericulture
Ans : a
28) Empirical research on agricultural
debt waivers in India are mostly centred around the Agricultural Debt Waiver
and Debt Relief Scheme (ADWDRS) _______ of the Government of India (GoI), under
which Rs.525.16 billion of agricultural debt issued by commercial and
cooperative banks were waived.
a) 2008
b) 2017
c) 2014
d) 2015
Ans : a
29) The short-term loans, also known as
________, with a maturity period of less than 15 months, are issued by PACCS
for agricultural purposes depending on the crop cultivated.
a) crop loans
b) development loans
c) education loans
d) housing loans
Ans : a
30) The Government of India (GoI)
announced the ADWDRS, 2008 in the Union Budget for _______
a) 2008–09
b) 2014-15
c) 2015-16
d) 2016-17
Ans : a
31) The ADWDRS, 2008 scheme sought to mitigate the distress of the
farming community in general, and small and marginal farmers and for which
purposes ?
a) to de-clog institutional credit
channels
b) to catalyse flow of credit to
agriculture
c) to enhance agricultural production
and productivity
d) All the above
Ans : d
32) In the wake of greater fiscal
activism advocated globally to revive economies after the 2008 financial
crisis, it is examined
the efficacy of _________ in stimulating economic growth of 20 major
Emerging Market Economies (EMEs) using dynamic panel estimation for the period
2000–16 .
a) fiscal policy
b) trade policy
c) industrial policy
d) agricultural policy
Ans : a
33)Deposit insurance, in banks (at present) is available for which of the
following ?
a) Savings Banks Deposits
b) Time Deposits
c) Both (a) & (b)
d) Overdrafts
Ans :c
34) Insurance cover is available to the
extent of how much , in banks ?
a) Rs.1.0 lakh per depositor per bank
b) Rs.30,000 only
c) Rs.30,000 per account
d) Rs.10,000
Ans :a
35) Who have to adopt new accounting
standards ‘Ind-AS’ by Q1:2016-17 ?
a)Proprietorship firms
b) Listed companies having net worth
more than Rs. 5 billion were to adopt the new accounting standards ‘Ind-AS’ by
Q1:2016-17 and rest of the listed companies were also to adopt the same by
Q1:2017-18 as mandated by the Ministry of Corporate Affairs. The impact of
transition appears muted at the aggregate level in terms of the growth rates,
although the same may not hold for the ratios.
c) Partnership firms
d) Retail shops
Ans : b
36) In the abbreviation EBITDA, the
letter B stands for what ?
a) Before ( EBITDA: Earnings before
Interest Tax Depreciation and Amortisation )
b) Buy
c) Best
d) Big
Ans :a
37) Deposit insurance (in banks) is
available _________ .
a) if the depositor opts for it
b) if the depositor is bank’s old and
valued client
c) if the account is atleast six months
old
d) automatically
Ans :d
38) What is BHIM ? Give
details.
a) BHIM
(Bharat Interface for Money). It is a mobile app developed by NPCI,
based on the Unified Payment Interface (UPI)
b) It is intended to facilitate e-payments
directly through banks and as part of the drive towards cashless transactions.
c) BHIM allow users to send or receive money to other
UPI payment addresses or scanning QR code or account number with IFSC code or
MMID (Mobile Money Identifier) Code to users who do not have a UPI-based bank
account.
d) BHIM allows users to check current balance in
their bank accounts and to choose which bank account to use for conducting
transactions, although only one can be active at any time. Users can create
their own QR code for a fixed amount of money, which is helpful in merchant
transactions.
And All the above
Ans : d
39) As per Section 45ZI (1) and (2)
of the Reserve Bank of India Act, 1934, the Reserve Bank shall organize at
least _______ meetings of the Monetary Policy Committee in a year .
Accordingly, it has been decided that the Monetary Policy Committee (MPC) will
meet six times during 2019-20
a) 2
b) four
c) 3
d) 10
Ans : b
40) From a fiscal perspective, India’s federal
system has three important components. What are they?
a) Article 1 of the Constitution of India, states that India, that is Bharat, shall be a
union of states
b) ) the Seventh Schedule of the Constitution
allocates subjects to the Union and the States under different Lists, with
overlapping functions contained in a separate Concurrent List;
c) Article 280 of the Constitution mandates formation
of the Finance Commission every five years to recommend vertical and horizontal
devolution of net central taxes and various other grants.
d) All the above
Ans : d
41) State Finance Commissions are constituted every
______ years as per the mandate in
Article 243-I of the Constitution
a) one
b) 5
c) 2
d) 3
Ans : b
42) The Indian model of ______ preserves the essence
of Indian federalism.
a)
Sales Tax
b) GST
c) Octroi
d) Property Tax
Ans : b
43) “Co-operative federalism should not,
however, breed inertia. Alongside co-operative federalism, there has to be
competitive federalism.” In this context which of the following is correct ?
a) The ranking of states on the parameter of ‘ease of
doing business’ has generated very healthy competition among states.
b) Indices developed by the NITI Aayog on health,
water management, implementation of SDGs, etc. have the potential to generate
similar healthy competition.
c) The program of Aspirational Districts is another
such model for competition and development
d) All the above
Ans : d
44) An individual travelling from
India to Nepal or Bhutan may carry Reserve Bank of India currency notes in
Mahatma Gandhi (New) Series of denominations
Rs.200/- and/or Rs.500/- subject to a total limit of Rs . ________ Instructions regarding currency
notes of Government of India and Reserve Bank of India for any amount in
denominations up to Rs.100/- shall
continue as hitherto.
a) Rs.5000
b) Rs.1000
c) 25,000/-
d) Rs.6,000
Ans : c
45) What is Ind AS ?
a) It is a locker
b) Indian
Accounting Standards
c) It is an advertisement
d) sales office
Ans : b
46)
The recommendations under the NDC
Goal 5 were also discussed in the meetings . NDC Goal 5 relating to which of the
following ?
a) Climate Change [ The Finance
Commission considered the proposed formula for climate change ( NDC Goal 5
Grant) and the possibilities of climate change grant conditionality ]
b) Health for All
c) Housing for All
d) Food for All
Ans : a
47) Which country’s currency exchange value is more when converted into
Indian Rupees ?
a) Kuwaiti Dinar ( value of each Kuwaiti
Dinar is approximately Rs.235/-)
b) Bahraini Dinar
c) UAE
Dirham
d) Swiss
Franc
Ans : a
48)
Election Commission decided to engage the ________ in arriving at
mathematically sound, statistically robust and practically cogent solutions to
the issue of a number/percentage of VVPAT slip counts to done during the
elections.
a) Indian
Statistical Institute(ISI)
b)
IITM
c) IITBombay
d) IISc
Ans : a
49) The new tax exemption limit for firms in annual revenue
set by the GST council is Rs._______
Lakhs .
a) 10
b) 40
c) 5
d) 2
Ans : b
50) The number of regional rural banks
(RRBs) in the country after recent amalgamation in Bihar and Punjab is _______.
a) 20
b) 53
c)14
d) 6
Ans : b
51) David Malpass is nominated to which
of the following ?
a) World Bank ( as its Chief )
b) IMF
c) OECD
d) FAO
Ans : a
52) PC Mohanan resigned from which
organization ?
a) Finance Commission
b) National Statistical Commission (
Post: acting Chairman )
c) Planning Commission
d) UPSC
Ans : b
53) KUSUM is a scheme which provides _____________ to
farmers.
a) food
b) financial and water security
c) clothing
d) education
Ans : b
54) How much amount RBI has announced to
transfer, as an interim surplus to the Central Government for the half-year
ended 31.12.2018 ? ( Rs. in Crores) ?
a) 20,000
b) 28,000
c) 15,000
d) 10,000
Ans : b
55) What is USSD based transaction and
how to use it ? Give details.
a) USSD is abbreviated form of
“Unstructured Supplementary Service Data”.
b) USSD based Mobile Banking offers
basic Banking facilities like Money Transfer, Bill Payments, Balance Enquiries,
Merchant Payments etc. on a simple GSMbased Mobile Phone, without the need to
download application on a Phone as required at present in the Immediate Payment
Service (IMPS) based Mobile Banking
c) Transactions can be performed on
basic phone handsets. The user needs to approach his bank and get his mobile number
registered. The bank will issue an MPIN (Mobile PIN) to the user. The user
thereafter needs to dial *99# and the menu for using USSD opens. Thereafter
customer has to follow selections on the menu to complete the transaction.
d) Charges as applicable by the Telecom
Operator (not more than Rs.1.50 per transaction as mandated by TRAI) may be
applicable
and All the above
Ans : d
56) Banks have been permitted to engage
individuals / entities as Business Correspondent (Bank Mitrs). Who can be Bank
Mitr ?
a) Retired Bank Employees Retired
Teachers
b) Retired Govt. Employees;
Ex-Servicemen
c) Individual owners of kirana /
medical/ fair price shops, individual Public Call Office (PCO) operators,
Agents of Small Savings Scheme of Government of India / Insurance Companies
d)for ‘profit‟ companies registered
under the Indian Companies Act. Since 24.06.2014, RBI has permitted Non Deposit
taking NBFCs as BCs in addition to above.
And All the
above
Ans : d
57) What is ‘IPO Grading’?
a) IPO grading is the grade assigned by
a Credit Rating Agency (CRAs) registered with SEBI, to the initial public
offering (IPO) of equity shares or any other security which may be converted
into or exchanged with equity shares at a later date.
b) Sorting seeds
c) Sorting of cards
d) Marks allotment in school exams.
Ans : a
58) How to get registered as a Mutual
Fund?
a) An applicant proposing to sponsor a
mutual fund (MF) in India must submit an application in Form A [first schedule
of the SEBI (Mutual Funds) Regulations, 1996 ] along with a non-refundable fee
b) executing the trust deed and
investment management agreement, setting up a trustee company/board of trustees
comprising two-thirds independent trustees, incorporating the asset management
company (AMC), contributing to at least 40% of the net worth of the AMC and
appointing a custodian.
c) Upon satisfying these conditions, the
registration certificate is issued subject to the payment of registration fees
d) All the above
Ans : d
59) Who is a Portfolio Manager?
a) A portfolio manager is a body
corporate who, pursuant to a contract or arrangement with a client, advises or
directs or undertakes on behalf of the client (whether as a discretionary
portfolio manager or otherwise), the management or administration of a portfolio
of securities or the funds of the client.
b) It is a political appointment
c) Assistant to a Minister
d) Job allotter
Ans : a
60) What are Derivatives?
a) The term "Derivative"
indicates that it has no independent value, i.e. its value is entirely
"derived" from the value of the underlying asset. The underlying
asset can be securities, commodities, bullion, currency, live stock or anything
else.
b) Debentures
c) Bonds
d) Government Securities
Ans : a
61) The supreme test of ‘monetary policy’ lies where ?
a) in its ability to control the supply of money in
such a way that growth in prices is checked without retarding the growth in
production
b) lavish spending of money only
c) depositing money only
d)
purchasing of gold only
Ans : a
62) With effect from October 3, 2017,
Masala bonds will no longer form a part of the limit for FPI investments in
corporate bonds. They will form a part of which of the following ?
a) Bank deposits
b) ECBs and will be monitored
accordingly
c) Government bonds
d) Share certificates
Ans : b
63) Currently, the limit for
investment by Foreign Portfolio Investors (FPIs) in corporate bonds is Rs.
244,323 crore. This includes issuance of Rupee denominated bonds overseas by resident entities of Rs. 44,001 crore (including
pipeline). Rupee denominated bonds
(RDBs) overseas are also called as what ?
a) Masala Bonds
b) Garam Masala Bonds
c) Spice Bonds
d) Gold bonds
Ans : a
64) The Masala Bonds are presently
reckoned both under Combined Corporate Debt Limit (CCDL) for FPI and External
Commercial Borrowings (ECBs). In the abbreviation FPI, the letter F stands for
what ?
a)Foreign
b) Fish
c) Flood
d) Favourable
Ans : a
65) Which states account for about half of the total
agriculture credit (top five states) ?
a) Tamil Nadu (11.4 per cent),
b) UP (11.3 per cent), Maharashtra (9.0 per cent),
c) Karnataka (8.7 per cent) and
d) Andhra Pradesh (8.5 per cent)
and All the above
Ans : d
66)
‘Aam Admi Bima Yojana’ came into effect from 1.1.2013. In this, which
scheme merged ?
a) Janashree Bima Yojana (JBY)
b) PMJDY
c) PMSBY
d) PMJJBY
Ans : a
67) 'Zero Mile' Nagpur, traditionally
regarded the geographical centre of the India, has the potential to become the
centre of development of India as well. Zero Mile Nagpur is located in which
state ?
a) Karnataka
b)
Maharastra
c) Jarkhand
d) Chattisgarh
Ans : b
68) The central government announced that the benefit of interest
subsidy of about Rs.2.60 lakh on home loans under which scheme will now be
available for beneficiaries belonging to Middle Income Groups (MIG) for fifteen
more months beyond December this year ?
a) PMKSY
b) Pradhan Mantri Awas Yojana (Urban)
c) PMKVY
d) PMGSY
Ans : b
69) Who are entitled to get the UID
Numbers?
a)
all residents of India who satisfy the verification process that is in
place.
b)only foreigners
c) only NRIs
d) only PIOs
Ans : a
70) What is the information that the
UIDAI seeks from the resident?
a) Name, Date of Birth, Gender, Address
of the resident, Photograph, all ten fingerprints and both iris scan is
required.
b) In case of minors (children less than
5 years age), the name of the Mother/ Father/Guardian is also required
c) Bank account number
d) Both (a) & (b)
Ans : d
71) How will children can be captured in
the database (Aadhar)?
a) For children below 5 years, no
biometrics will be captured.
b) Their UID will be processed on the
basis of demographic information and facial photograph linked with the UID of
their parents/guardians..
c) These children will need to provide
their biometrics comprising ten fingers, iris and facial photograph, when they
turn 5
d) All the above
Ans : d
72) What are Cash Transfers? Give
details.
a) Cash Transfers are programs that
transfer cash directly, generally to poor households, with or without
conditions.
b) The purpose of a cash transfer could
be to provide a monetary benefit for a specific purpose or use - such as for
education through a scholarship, for healthcare through a medical assistance
program, etc.
c) Bullion transfer
d) Both (a) & (b)
Ans : d
73) Union Finance Minister extended the
tenure of Chief Economic Advisor Arvind Subramanian for another year. His term
was supposed to end in October, 2017. This extension will mean his term would
end in __________ .
a) 2019
b) 2021
c) October, 2018
d) 2020
Ans : c
74) What is ‘Korea Plus’ ?
a) It is a strategic initiative between
the Governments of India and South Korea ‘to promote, facilitate and retain
Korean investments in India:”
b) Testing of Missiles
c) Testing of Hydrogen Bomb
d) Supply of Uranium
Ans : a
75) ‘Bombay House’ is the office of
which of the following ?
a) Reliance
b) G.D.Birla
c) Tata Sons ( New name : Tata Sons Private
Limited, as approved in shareholders recent meeting)
d) L&T
Ans : c
76) What is NEFT?
a) National Electronic Funds Transfer (NEFT)
b) It is a nation-wide payment system facilitating
one-to-one funds transfer.
c) Under this Scheme, individuals, firms and
corporates can electronically transfer funds from any bank branch to any
individual, firm or corporate having an account with any other bank branch in
the country participating in the Scheme.
d) All the above
Ans : d
77) What is IFSC?
a) IFSC or Indian Financial System Code is an
alpha-numeric code that uniquely identifies a bank-branch participating in the
NEFT system.
b) . This is an 11 digit code with the first 4 alpha
characters representing the bank, and the last 6 characters representing the
branch.
c) The 5th character is 0 (zero). IFSC is used by the
NEFT system to identify the originating / destination banks / branches and also
to route the messages appropriately to the concerned banks / branches
d) All the above
Ans : d
78) What are the benefits of using NEFT?
a) The remitter need not send the physical cheque or
Demand Draft to the beneficiary.
b) The beneficiary need not visit his / her bank for
depositing the paper instruments.
c) The beneficiary need not be apprehensive of loss /
theft of physical instruments or the likelihood of fraudulent encashment
thereof.
d) Cost effective.
And All the above
Ans : d
79) The
RTGS service window for customer’s transactions is available to banks from 9.00
AM to 4.30 PM on weekdays and from 9.00 AM to 2 PM on Saturdays for settlement
at which of the following ?
a) SEBI
b) RBI
end
c) PFRDA
d) EPFO
Ans : b
80)Who are the parties to a Letter of
Credit ?
a) Buyer
b) Opening Bank/Branch
c )Seller
d)
Negotiating Bank / Branch
and All the above
Ans : d
81) What are the basic principles of
portfolio management ?
a) It is the portfolio that matters
b) Large portfolio returns come only
with a larger portfolio risk
c) the risk associated with a type of
security depends on when the investment is liquidated
d)diversification work
and All the above
Ans : d
82) Basel Committee on Banking
Supervision (BCBS) first came out in which year for capital accord for banks ?
a) 1988
b) 1968
c) 1978
d) 2018
Ans : a
83) Who started CIBIL with 40 % each
shareholding ?
a) SBI
b) HDFC
c) D& B
d) both (a) & (b)
Ans : d
84) Paul Romer, William Nordhaus are
winners of which prize ?
a) Nobel Memorial Prize in Economic
Sciences/Winners 2018
b) Abel Prize
c) Pulitzer Prize
d) Booker Prize
Ans : a
85) Central government in India signed US $ ____ mn loan agreement with World Bank for- POSHAN
Scheme.
a)
100
b) 200
c) 500
d) 1000
Ans : b
86) Top 5 states comprising 70%
exports ?
a) Maharashtra, Gujarat,
b) Haryana,
c) Tamil Nadu,
d) Karnataka
and All the above
Ans : d
87) Broadly, the ‘electronic banking
transactions’ can be divided into how many categories ?
a) Remote/ online payment
transactions (transactions that do not require physical payment instruments to
be presented at the point of transactions e.g. internet banking, mobile
banking, card not present (CNP) transactions), Pre-paid Payment Instruments (PPI)
b) Face-to-face/ proximity payment
transactions (transactions which require the physical payment instrument such
as card or mobile phone to be present at the point of transaction e.g. ATM,
POS, etc.)
c) Both (a) & (b)
d) Currency notes giving
Ans : c
88) The Insolvency and Bankruptcy
Board of India (IBBI) has registered National E-Governance Services Limited
(NeSL) as the first ______ under the IBBI (IUs) Regulations, 2017 on September
25, 2017.
a) IU
b) User
c) Customer
d) Staff
Ans :b
89) Insolvency and Bankruptcy
Board of India was set up on 1st October 2016 under which of the following ?
a) RBI Act
b) Insolvency and Bankruptcy
Code, 2016 (Code)
c) BR Act
d) SBI ACT
Ans :b
90) As per IBBI, a Financial Institution
means, which of the following ?
a) A scheduled bank
b) a financial institution as defined in
Section 45 –I of the RBI Act, 1934
c) Such other institution as the Central
Government may be notification specify as a financial institution
d) All the above
Ans :d
91)
‘Project Saksham’ relating to which of the following ?
a) Project launched by the Indian
Railways to upgrade the skill sets of its 13 lakh strong workforce in a time
bound manner
b) Unified payments
c) App development
d) Smart Cities
Ans :a
92) With ‘Asgardia ( a virtual nation)’,
what is started ?
a) Birth of a ‘space kingdom’
b) space travel
c) space station
d) space walk
Ans :a
93) What is the purpose of PCA
framework of RBI ?
a) PCA framework is one of such
supervisory tools, which involves monitoring of certain performance indicators
of the banks as an early warning exercise and is initiated once such thresholds
as relating to capital, asset quality etc. are breached
b). Its objective is to facilitate
the banks to take corrective measures including those prescribed by the Reserve
Bank, in a timely manner, in order to restore their financial health
c) The framework also provides an
opportunity to the Reserve Bank to pay focused attention on such banks by
engaging with the management more closely in those areas
d) All the above
Ans :d
94)
Which new scheme has been
initiated for the first time in India under which 18 Gokul Grams in 12
different States are being set up?
a) MGNREGS
b) “Rashtriya Gokul
Mission”
c) PMJDY
d) APY
Ans : b
95) Dairy Processing &
Infrastructure Development Fund (DIDF) for dairy cooperative sector has
been initiated with an outlay of how many crores of rupees ?
a) 1000
b) 10881
c) 100
d) 900
Ans : b
96) To boost the exports of garments and
made-ups from India, which steps are taken ?
a) post-GST RoSL rates for rebate of
state levies/taxes
b) DGFT has enhanced the rates under the
Merchandise Exports from India Scheme (MEIS) from 2% to 4% on readymade
garments and made ups w.e.f 1st November 2017 till 30th June 2018
c)
Both (a) & (b)
d) GST increased
Ans : c
97) Ordinance promulgated to amend the Insolvency and Bankruptcy Code,
2016 (the Code) aims at which of the following ?
a) at putting in place safeguards to
prevent unscrupulous, undesirable persons from misusing or vitiating the
provisions of the Code.
b)
aim to keep-out such persons who have wilfully defaulted, are associated
with non-performing assets, or are habitually non-compliant and, therefore, are
likely to be a risk to successful resolution of insolvency of a company.
c) Both (a) and (b)
d) Encourage NPAs
Ans : c
98) Indian Forest (Amendment)
Ordinance, 2017 to exempt ________ grown in non-forest areas from definition of
tree, thereby dispensing with the requirement of felling/transit permit for its
economic use. What is the reason for such exemption ? Give details.
a) bamboo
b) Bamboo, though, taxonomically a
grass, was legally defined as a tree under the Indian Forest Act, 1927.
c) Teak
d) Both (a) & (b) (To help forest
dwellers)
Ans : d
99) PRAGATI is multi-modal platform for Pro-Active
Governance and Timely Implementation. It is based on which of the following ?
a) ICT-based
b) Chemical based
c) Metal based
d) mechanical based
Ans : a
100) What is the minimum initial investment towards the
membership of EBRD ? ( This assumption
is based on India deciding to buy the minimum number of shares (100) required
for obtaining the membership. ) (in million Euros)
a)
approximately Euro1 (one) million
b)
2
c)3
d)4
Ans :a
