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Financial Awareness Quiz 24

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Financial Awareness Quiz 24

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What is meant by Financial Awareness? Financial awareness foundation is financial literacy, which is defined as The ability to use knowledge and skills to effectively manage financial resources efficiently at a personal level and through the life cycle.
Financial Awareness Quiz 24 presents multiple choice Q & A for basics of financial awareness related topics. Financial Awareness Quiz 24 article, is exceedingly important for candidates preparing for RRB ALP/Technical Exams/Junior Engineer Recruitment, SSC CGL, UPSC (Civil services exam including IAS) Exams and etc. In this article Financial Awareness Quiz 24, candidates can find different types of questions with solution related to the Financial Awareness section. The article Financial Awareness Quiz 24, will assist the students understanding of the type of questions expected from the Financial Awareness section.

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1. In partnership with States, the Ministry of Rural Development has completed how many Rural Homes since April 2014?
    A. 1.45 crore B. 1.32 crore C. 1.85 crore D. 1.37 crore E. 1.83 crore

Answer: Option D
Explanation: In partnership with States, the Ministry of Rural Development has completed 1.37 crore Rural homes since April 2014.
2. According to the International Monetary Fund’s (IMF) World Economic Outlook Update, India to grow at how much percent in 2019-20?
    A. 7.5% B. 7.0% C. 7.7% D. 7.8% E. 7.9%

Answer: Option A
Explanation: The International Monetary Fund’s (IMF) World Economic Outlook Update released by chief economist Gita Gopinath recently said that India’s economy is expected to grow by 7.5 percent in the 2019-20 fiscal year, keeping an upward trajectory as the rest of the world slumps.
3. How much amount was approved by the cabinet in EXIM Bank through recapitalization bonds to boost the bank’s capacity in export financing?
    A. Rs. 6000 crore B. Rs. 6500 crore C. Rs. 7000 crore D. Rs. 7500 crore E. Rs. 8000 crore

Answer: Option A
Explanation: The Union Cabinet approved capital infusion of Rs. 6000 crore in EXIM Bank through recapitalisation bonds to boost the bank’s capacity in export financing.
4. Which denomination coins were released to mark the 102nd birth anniversary of late Tamil Nadu chief minister and ruling AIADMK founder MG Ramachandran?
    A. Rs 50 and Rs 100 B. Rs 100 and Rs 5 C. Rs 350 and Rs 100 D. Rs 10 and Rs 350 E. Rs 10 and Rs 100

Answer: Option B
Explanation: Two commemorative coins in the denomination of Rs 100 and Rs 5 were released to mark the 102nd birth anniversary of late Tamil Nadu chief minister and ruling AIADMK founder MG Ramachandran which was celebrated across the state.
5. According to the World Economic Survey, which country has emerged as the biggest supporters of international aid?
    A. India B. USA C. China D. Russia E. Germany

Answer: Option A
Explanation: Indians have emerged as the biggest supporters of international aid, with a global public opinion survey putting India on the top when it comes to people expecting their nation to help other countries.
1. Which of the following is not considered as a means of foreign capital inflow into the country?
    A. FDI B. FCNR accounts C. FII D. No frills account E. None of these

Answer: Option D
Explanation: No frills accounts is not considered as a means of foreign capital inflow into the country.
2. Which of the following is not a term associated with the stock markets directly?
    A. Bear hug B. Dividend C. Insider trading D. Interest rate E. Sensex

Answer: Option D
Explanation: Interest Rate is not a term associated with the stock markets directly.
3. When Indian companies raise funds overseas what is the process known is as?
    A. Participatory notes B. Foreign currency non-resident accounts C. Foreign currency convertible bonds D. Nostro accounts E. None of these

Answer: Option C
Explanation: A foreign currency convertible bond (FCCB) is a type of convertible bond issued in a currency different than the issuer's domestic currency. In other words, the money being raised by the issuing company is in the form of foreign currency. A convertible bond is a mix between a debt and equity instrument.
4. What is the duration of the Public Provident Fund (PPF) account?
    A. 3 years B. 5 years C. 9 years D. 15 years E. 18 year

Answer: Option D
Explanation: A PPF account matures in 15 years, but you can extend the tenure in blocks of five years after maturity. The balance continues to earn interest at the normal rate. The minimum investment of Rs 500 has to be maintained even for accounts extended beyond 15 years.
5. The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as
    A. Cash crunch B. Liquidity C. Credit D. Marketability E. None of these

Answer: Option B
Explanation: Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
1. The Reserve Bank of India raised the limit of collateral-free agricultural loans to Rs. 1.6 lakh from the current ------ marginal farmers.
    A. Rs. 1.5 lakh B. Rs. 1.0 lakh C. Rs. 1.3 lakh D. Rs. 1.4 lakh E. Rs. 1.2 lakh

Answer: Option B
Explanation: with a view to helping small and The Reserve Bank of India raised the limit of collateral-free agricultural loans to Rs. 1.6 lakh from the current Rs. 1 lakh with a view to helping small and marginal farmers. The central bank also decided to set up an internal working group (IWG) to review agricultural credit and arrive at a workable policy solution.
2. The Ministry of Environment launched a three-year Asiatic Lion Conservation Project in collaboration with the state of Gujarat. What amount the ministry has allocated for the project?
    A. Rs. 79 crores B. Rs. 59 crores C. Rs. 90 crores D. Rs. 110 crores E. Rs. 45 crores

Answer: Option B
Explanation: The Ministry of Environment, Forests and Climate Change (MoEFCC) allocated Rs. 59 crores, Gujarat government also implemented Rs. 80 crore for the project.
3. Reserve Bank of India decided to treat deposits to over as ‘bulk’ as they increased the limit for the same from the earlier.
    A. Rs.1 crore, Rs.50 lakhs B. Rs.2 crore, Rs.1.5 crore C. Rs.2 crore, Rs.1 crore D. Rs.1.5 crore, Rs.75 lakhs E. Rs.5 crore, Rs.2.5 crore

Answer: Option C
Explanation: Reserve Bank of India decided to treat deposits to over Rs.2 crore as ‘bulk’ as they doubled the limit for the same from the earlier Rs.1crore.
4. Which company got the top spot in the `WPP and Kantar Millward Brown's BrandZ 75 Most Valuable Indian Brands' ranking?
    A. Life Insurance Company B. TCS C. HDFC D. Flipkart E. Paytm

Answer: Option C
Explanation: HDFC Bank retained its top spot in the `WPP and Kantar Millward Brown's BrandZ 75 Most Valuable Indian Brands' ranking, with a rise of 21 percent in its brand value to USD 21.7 billion. The new 2018 ranking has grown from 50 to 75 brands to reflect the strength of India's growing economy and a marketplace in which more local brands are emerging to present consumers with increased choice. Insurance brand LIC comes in at the second spot ($19.8 billion), while Tata Consultancy Services ranked third ($15 billion).
5. The Andhra Pradesh Government has launched which mobile platform, to enable small-scale farmers to market their produce at reasonable prices?
    A. e-Bandhan B. e-Suraksha C. e-Rythu D. e-Friendly E. e-Agri

Answer: Option C
Explanation: The Andhra Pradesh chief minister N. Chandrababu Naidu has launched a mobile platform, e-Rythu (e-farmer in Telugu) to enable small-scale farmers to market their produce at reasonable prices. The objective of the ‘E-Rythu’ is to digitize agriculture marketplaces, payments, workflows, and provide farmers with an easy and secure way to buy, sell & receive payments for agricultural products.

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