1. ’Growth with Stability’ was the aim of which of the following Five Year Plans ?

A. Second Plan B. Third Plan C. Fourth Plan D. None of these

2. A banking system in which a big bank has a number of branches in different parts of the country is known as ___.

A. Branch Banking B. Unit Banking C. Mixed Banking D. None of these

3. ESOP means –

A. Employee stock option play B. Employee shair object plan C. Employee stock ownership plan D. None of these

4. A banking system where all operations are confined to a single office is known as _____.

A. Unit Banking B. Group Banking C. Chain Banking D. None of these

5. Which of the following is not a Financial/Economic term?

A. Marginal Utility B. Break Even Point C. Pipette D. None of these

Answers and Explanations
1. Answer - Option C
Explanation -
The period of fourth plan was 1969 to 1974.There were two principal objectives of this plan – ‘Growth with Stability’ and ‘Progressive Achievement of Self-Reliance’. It aimed at a 5.5 percent average growth rate of the national income and also the provision of the national minimum for the weaker sections of the society (called ‘Garibi Hatao’ or ‘Growth with Justice’). However, another Indo-Pak war in 1971-72 created a financial crunch for the plan.
2. Answer - Option A
Explanation -
Branch Banking
3. Answer - Option C
Explanation -
An employee stock ownership plan (ESOP) gives workers ownership interest in the company, at times with upfront costs. ESOPs are qualified in the sense that the sponsoring company, the selling shareholder and participants receive various tax benefits.
4. Answer - Option A
Explanation -
Unit banking refers to a single bank which tender services and operates with out any branches anywhere.
5. Answer - Option C
Explanation -
Pipette is related to chemistry.

1. Indian company having FDI will be permitted to make downstream investment in LLPs. What is the full form of LLP ?

A. Limited Language Performance B. Limited Liability Partnership C. Linguistic Liability Participation D. None of these

2. What is the Platinum Jubilee Year of the RBI ?

A. 2012-2013 B. 2014-2015 C. 2009-2010 D. None of these

3. Which of the following statements are correct about Finance Commission ? (A) It is a statutory body. (B) It is constituted under article 280 of Indian constitution. (C) Mr. K. C. Pant is the Chairman of 13 Finance Commission.

A. Only A B. B and C C. A and B D. None of these

4. What is the full form of LERMS ?

A. Liberalised Exchange Rate Management System B. Long Elimination Reserve Management System C. Liberalised Extended Related Management Stock D. None of these

5. SLR is maintained by banks on which of the following –

A. Net Demand and Time Deposits B. Demand and Time Liabilities C. Net Demand and Time Liabilities D. None of these

Answers and Explanations
1. Answer - Option B
Explanation -
FDI in LLPs is permitted, subject to the following conditions:. An Indian company or an LLP, having foreign investment, will be permitted to make downstream investment in another company or LLP engaged in sectors in which 100% FDI is allowed under the automatic route and there are no FDI linked performance conditions.
2. Answer - Option C
Explanation -
Reserve Bank of India, RBI, completes 75 Years, Platinum Jubilee Year, Monetary & Credit Policies: Banknet India. The Reserve Bank of India, established on April 1, 1934 celebrates the year 2009-2010 as its Platinum Jubilee Year.
3. Answer - Option C
Explanation -
Dr.Vijay Kelkar is the chairman of 13th Finance commission.
4. Answer - Option A
Explanation -
LERMS liberalized exchange rate management system. 2. Introduction O In view of the continuing pace of liberalization policy, the Liberalized Exchange Rate Management System (LERMS) has assumed a special significance in the arena of international financial management.
5. Answer - Option C
Explanation -
Statutory liquidity ratio (SLR) is the Indian government term for the reserve requirement that the commercial banks in India are required to maintain in the form of cash, gold reserves, RBI approved securities before providing credit to the customers.

1. What is the base year for new series of IIP (Index of Industrial Production) ?

A. 2003-2004 B. 2004-2005 C. 2011-2012 D. None of these

2. Which of the following is not an objective of fiscal policy of Government of India ?

A. Full Employment B. Equal distribution of Income and Wealth C. Regulation of Inter State Trade D. None of these

3. National Food Security Mission was launched in the year ___.

A. 2005 B. 2006 C. 2007 D. None of these

4. What is the full form of FIMMDA?

A. Fined Income More Money Derivatives Authority B. Fixed Income Measuring Money Dumping Association C. Fixed Income Money Market and Derivatives Association D. None of these

5. In which year Public Debt Act was passed ?

A. 1944 B. 1948 C. 1942 D. None of these

Answers and Explanations
1. Answer - Option C
Explanation -
The Central Statistics Office (CSO) revised the base year of the all-India Index of Industrial Production (IIP) from 2004-05 to 2011-12 on 12 May 2017.
2. Answer - Option C
Explanation -
Regulation of Inter State Trade
3. Answer - Option C
Explanation -
Accordingly, a Centrally Sponsored Scheme, ‘National Food Security Mission’ (NFSM), was launched in October 2007. The Mission met with an overwhelming success and achieved the targeted additional production of rice, wheat and pulses.
4. Answer - Option C
Explanation -
Fixed Income Money Market and Derivatives Association of India (FIMMDA) is an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies. FIMMDA is a voluntary market body for the bond, money and derivatives markets.
5. Answer - Option A
Explanation -
The Act applies to Government securities created and issued, whether before or after the commencement of the Act, by the Central or a State Government. Accordingly, the Public Debt Act, 1944 will cease to apply to the Government securities. The Indian Securities Act, 1920 has been repealed.