1. TDR is a method for controlling land use to complement land-use planning and zoning for more effective urban growth management and land conservation. Expand TDR

A. Transferable Development Rights B. Transaction Delayed Reserve C. Tax Deducted Review D. Terminal Development Resource E. None of these

Answer: Option A
Explanation: Transferable Development Rights (TDR) is a method for controlling land use to complement land-use planning and zoning for more effective urban growth management and land conservation
2. In which of the following fund transfer system, the transactions received up to a particular time are processed in batches?

A. RTGS B. IMPS C. NEFT D. All the above E. Only A and C

Answer: Option C
Explanation: National Electronic Funds Transfer (NEFT) is a nation-wide payment system. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme. NEFT transactions are settled in batches.
3. Which of the following is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers?

A. Unified Payments Interface B. Bharat Bill Payment System C. Immediate Payment Service D. National Common Mobility Card E. None of these

Answer: Option B
Explanation: Bharat Bill Payment System is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers
4. can be used for purchase of goods and from the current 30% to 40% to rule out any possibility of services and also permit cash withdrawal at ATMs, Merchant Local Locations, and automated business correspondents.

A. Closed System Payment Instruments B. Semi-closed System Payment Instruments C. Open System Payment Instruments D. Semi-Open System Payment Instruments E. None of these

Answer: Option C
Explanation: Open System Payment Instruments can be used for purchase of goods and services and also permit cash withdrawal at ATMs, Merchant Local Locations, and automated business correspondents.
5. Name the first central bank in the Asia-Pacific region to begin explicit interest rate easing cycle by cutting the policy rate?

A. Bank of Mexico B. Federal Reserve C. RBI D. Central Bank of the Russia E. None of these

Answer: Option C
Explanation: The Reserve Bank of India (RBI) is the first central bank in the Asia-Pacific region to have begun explicit interest rate easing cycle by cutting the policy rate back-to-back in the last two monetary policy reviews in 2019

1. The Central government has planned to raise the import duty on wheat from 30% to -----

A. 40% B. 35% C. 45% D. 50% E. 55%

Answer: Option A
Explanation: The government is likely to raise the import duty on wheat cheaper imports amid the harvesting of the new crop.
2. As per World Economic Forum (WEF) report, India is set to uplift households out of poverty and reduce the share of households below the poverty line from current 15 percent to 5 percent by which year?

A. 2025 B. 2035 C. 2050 D. 2030 E. 2040

Answer: Option D
Explanation: India will uplift around 25 million households out of poverty and reduce the share of households below the poverty line from 15 percent today to 5 percent by 2030, the World Economic Forum (WEF) said in a report
3. Pre-paid Payment Instruments (PPIs) facilitate the purchase of goods and services, including funds transfer, against the value stored on such instruments. Which of the following requirements a does company need to fulfill to issue PPIs in India?

A. The company should be incorporated in India B. The company should have a minimum paid-up capital of Rs. 5 crore C. The company should have a positive net worth of Rs. 1 crore at all the times D. Only A and B E. All A, B and C

Answer: Option E
Explanation: Pre-paid Payment Instruments (PPIs) are defined in the RBI Guidelines issued under the Payment and Settlements Systems Act, 2005 as payment instruments that facilitate the purchase of goods and services, including funds transfer, against the value stored on such instruments. The value stored on such instruments represents the value paid for by the holders by cash, by debit to a bank account, or by credit card. Only those companies incorporated in India and have a minimum paid-up capital of Rs. 5 crore and minimum positive net worth of Rs. 1 crore at all the times are permitted to issue PPIs in India.
4. SEBI has reduced the minimum subscriptionrequirement for InvITs from Rs ----- multiple

A. Rs 2 lakh B. Rs 5 lakh C. Rs 1 lakh D. Rs 4 lakh E. Rs 10 lakh

Answer: Option C
Explanation: Minimum subscription requirement for InvITs: Rs 1 lakh (and its multiple) [earlier its was Rs 10 lakhs]
5. The World Bank has approved Rs.6000 crore to Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation for which scheme?

A. PradhanMantriFasalBimaYojana B. AtalBhujalYojana C. Atal Pension Yojana D. PradhanMantriGaribKalyanYojana E. Atal Mission for Rejuvenation and Urban Transformation

Answer: Option B
Explanation: The World Bank has approved AtalBhujalYojana (ABHY), a Rs.6000 crore Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme is to be implemented over a period of five years from 2018-19 to 2022-23, with World Bank assistance. The scheme proposal has already been recommended by the Expenditure Finance Committee and the Ministry will be seeking Cabinet approval for the project shortly.

1. Which of these is the first Destination Bank to go live with Net Banking and Debit Card-based e-mandate authentication?

A. ICICI Bank B. Punjab National bank C. Kotak Mahindra Bank D. HDFC Bank E. Axis Bank

Answer: Option C
Explanation: Kotak Mahindra Bank is the first Destination Bank to go live with Net Banking and Debit Card-based e-mandate authentication
2. If a banking company fails to maintain the required amount of SLR, what interest is it liable to pay to RBI on the shortfall?

A. Rate of one percent per annum above the Reverse Repo Rate B. Rate of three percent per annum above the Repo Rate C. Rate of three percent per annum above the Bank Rate D. Rate of three percent per annum above the Reverse Repo Rate E. Rate of one percent per annum above the Bank Rate

Answer: Option C
Explanation: If a banking company fails to maintain the required amount of SLR, it shall be liable to pay to RBI in respect of that default, the penal interest for that day at the rate of three percent per annum above the Bank Rate on the shortfall and if the default continues on the next succeeding working day, the penal interest may be increased to a rate of five per cent per annum above the Bank Rate for the concerned days of default on the shortfall.
3. The mutual fund shall ensure that the repurchase price of the units of a close-ended scheme shall not be lower than of the Net Asset Value.

A. 95% B. 93% C. 107% D. 95% E. 92%

Answer: Option A
Explanation: While determining the prices of the units, the mutual fund shall ensure that the purchase price is not lower than 93% of the Net Asset Value and the sale price is not higher than 107% of the Net Asset Value. The repurchase price of the units of a close-ended scheme shall not be lower than 95% of the Net Asset Value.
4. In which year did SEBI provide regulatory notification on mutual funds?

A. 1989 B. 1999 C. 1993 D. 1975 E. 1985

Answer: Option C
Explanation: SEBI notified regulations for mutual funds in 1993. Thereafter, mutual funds sponsored by private sector entities were allowed to enter the capital market. The regulations were fully revised in 1996 and have been amended thereafter from time to time. As far as mutual funds are concerned, SEBI formulates policies, regulates and supervises mutual funds to protect the interest of the investors
5. Equitas Small Finance Bank is a ------ based financial institution.

A. Chennai B. Jalandhar C. Kolkata D. Nashik E. Guwahati

Answer: Option A
Explanation: Equitas Small Finance Bank is headquartered in Chennai city. It was launched in 2007 as a Microfinance institution with just 4 branches. It was started as a small finance bank in 2016.