1. Planning for Retirement Saving is a type of

A. Banking Option B. Stock Market Option C. Branding D. Financial Planning

Answer - Option D
Explanation - Planning for Retirement Saving is a type of Financial Planning.
2. Which of the following component of external sector comes under Current Account in India?

A. FDI B. Interest payments received by government C. External Commercial Borrowings D. FII

Answer - Option B
Explanation - The Balance of payments for a country is calculated by the difference of Capital Account and Current account. Both the accounts have different components included in it
Current Account: Components – Net Import-Export (Import minus Export); Incomes (Profits, Interests, Dividend); Transfers (Donations, Gifts. etc.)
Capital Account: Components – Investment (FDI, FII); Loan (Government Borrowings, External commercial borrowings); Bank account transfers by NRIs, etc.
3. Demand draft is a negotiable instrument issued by a certain bank that directs the other bank or one of its own branches to pay a certain sum of money to the payee. A demand draft in which the payment is made only after the specified period is known as ____.

A. Post Dated Demand Draft B.Term Draft C. Time Draft D. Ante Dated Demand Draft

Answer - Option C
Explanation - Time Draft – The type of demand draft in which the payment is made only after a specified period.
Demand draft is a negotiable instrument issued by a certain bank that directs the other bank or one of its own branches to pay a certain sum of money to the payee.
4. RBI is the lender of the last resort. It means _________.

A. RBI advances money to Government whenever there is any emergency B. Commercial banks has to keep their funds with the RBI C. It comes to help banks in times of crisis D. All of the above

Answer - Option C
Explanation - A lender of last resort is an institution, usually a country’s central bank that offers loans to banks or other eligible institutions against eligible securities that are experiencing financial difficulty or are considered highly risky or near collapse.
5. What is the maximum limit for a loan under the Tarun scheme of Mudra Bank loan Yojana?

A. Rs. 20 Lakhs B. Rs. 5 Lakhs C. Rs. 10 Lakhs D. Rs. 15 Lakh

Answer - Option C
Explanation - Maximum limit of tarun under mudra bank loan yojana is 10 Lakhs.
The scheme is further classified into three categories namely Shishu, Kishor and Tarun.
Shishu scheme- This is the category that is required by most startups. This category is suitable for those who are about to start their business and they require a financial support. They can avail a loan of up to Rs. 50,000.
Kishor scheme- This is meant for those who have already started their business, but they require the money for getting established. Such units can avail a loan of Rs. 50,000 up to Rs. 5 lakhs.
Tarun scheme- Those businesses which are already established and they are completely set up, but they require some financial support so that they can continue their business as it is. These business units can avail a loan of up to Rs. 10 lakh.

1. Which of the following banks has extended the Rs 4,100 crore loan for Visakhapatnam (VIZAG) Metro Rail project in Andhra Pradesh?

A. ICICI Bank B. HDFC Bank C. Korea Exim Bank D. Central Bank of India

Answer - Option C
Explanation - Korea Exim Bank has extended a Rs 4,100 crore loan for Visakhapatnam (VIZAG) Metro Rail project. Vizag Metro is a planned rapid transit system in the Indian city of Visakhapatnam, Andhra Pradesh.
2. As per the Interim Budget 2019-20, how much amount has already been recovered in favour of banks and creditors?

A. Close to Rs. 1 lakh crore B. Close to Rs. 2 lakh crore C. Close to Rs. 3 lakh crore D. Close to Rs. 4 lakh crore

Answer - Option C
Explanation - As per the Interim Budget 2019-20, an amount of close to Rs. 3 lakh crore has already been recovered in favour of banks and creditors. To restore the health of public sector banks, recapitalisation has been done with an investment of Rs. 2.6 lakh crore. Amalgamation of banks has also been done to reap the benefits of economies of scale, improved access to capital and to cover a larger geographical spread.
3. Which app launched for mutual fund investments, SIPs begin at Rs 100?

A. Paytm Money app B. FINO Money app C. Airtel Money App D. JIO Money App

Answer - Option A
Explanation - Paytm Money app launched for mutual fund investments, SIPs begin at Rs 100.
4. The Reserve Bank of India (RBI) has put into circulation which denomination banknotes signed by its Governor Shaktikanta Das?

A. 2000 Rupees B. 500 Rupees C. 100 Rupees D. 50 Rupees

Answer - Option D
Explanation - The Reserve Bank of India (RBI) has put into circulation 50 rupees denomination banknotes signed by its Governor Shaktikanta Das.
All banknotes in the denomination of 50 issued by the Reserve Bank in the past will continue to be legal tender.
5. Which of the following banks has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs)?

A. Bank of Baroda B. Bank of India C. Corporation Bank D. Punjab National Bank

Answer - Option D
Explanation - Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs).
It has sanctioned it through the ‘psbloansin59minutes.com’ portal as part of its effort to promote such industries.
Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs till February 14, 2019.

1. Economic units whose consumption and planned investments are less than their income is known as?

A. Deficit Spending Economic Unit B. Surplus Spending Economic Unit C. Neutral Spending Economic Unit D. Forced Spending Economic Unit

Answer - Option B
Explanation - Surplus Spending Economic Unit – Economic units whose consumption and planned investments are less than their income
Deficit Spending Economic Unit – units whose consumption and planned investments exceeds income
2. Flow of Funds (FoF) accounting in India is done by?

A. Ministry of Finance B. Central Statistics Office C. Reserve Bank of India D. State Bank of India

Answer - Option C
Explanation - Flow of funds accounts are used to track the flow of money to and from various sectors of a national economy. Flow of funds (FOF) accounts are collected and analyzed by a country’s central bank.
3. Reserve Bank of India deals in call money market via ____

A. Repo Auction B. CRR C. SLR D. T-Bills

Answer - Option A
Explanation - Call money market are tools for very short term funds like one day to fortnight. Repo auction is done by RBI for this short duration.
4. New Issues Market is also known as?

A. econdary Market B. Primary Market C. Tertiary Market D. Call Market

Answer - Option B
Explanation - The primary market is a market for new issues and is also called the new issues market.
5. Application Supported by Blocked Amount (ASBA) is developed by ?

A. RBI B. IRDAI C. SEBI D. NHB

Answer - Option C
Explanation - ASBA (Applications Supported by Blocked Amount) is a process developed by the India’s Stock Market Regulator SEBI for applying to IPO.