1. A savings as well as current account should be treated as inactive if there are no transactions in the account for over a period of _____ months.

A. 24 months B. 30 months C. 12 months D. 06 months E. 36 months

Answer - Option C
Explanation - If you have a current or a savings bank account and have not done any transactions through it for more than 12 months, then it will be classified as an inactive account. And if you don’t do any transactions from a bank account for 24 months, then it will be classified as dormant.
2. CDR mechanism is a voluntary non-statutory mechanism under which financial institutions and banks come together to restructure the debt of companies facing financial difficulties due to internal or external factors, in order to provide timely support to such companies. What is the meaning of "R" in CDR?

A. Regulation B. Reserve C. Restructuring D. Ratio E. Reduce

Answer - Option C
Explanation - Corporate Debt Restructuring (CDR) mechanism is a voluntary non statutory mechanism under which financial institutions and banks come together to restructure the debt of companies facing financial difficulties due to internal or external factors, in order to provide timely support to such companies.
3. What is the minimum amount required to open a Fixed Deposit (FD)?

A. Rs. 1000 B. Rs. 100 C. Rs. 500 D. Rs. 300 E. No Limit

Answer - Option A
Explanation - The minimum deposit required to open an FD varies from banks to banks and ranges between Rs. 1,000 to Rs. 10,000. There is no upper limit. For instance, the minimum amount that can be deposited in State Bank of India is Rs. 1,000.
4. If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority to _______.

A. Governor of RBI B. Deputy Governor of the RBI C. Finance Secretary D. Finance Minister E. GM of the Concern Bank

Answer - Option B
Explanation - If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority against the Banking Ombudsmen's decision. Appellate Authority is vested with a Deputy Governor of the RBI.
5. Headquarters of National Investment and Infrastructure Fund (NIIF) is located at ________.

A. New Delhi B. Hyderabad C. Mumbai D. Kolkata E. Chennai

Answer - Option C
Explanation - National Investment and Infrastructure Fund Limited (NIIFL) is an investor-owned fund manager, anchored by the Government of India (GoI) in collaboration with leading global and domestic institutional investors. The headquarters of NIIF is in Mumbai.
6. MSME sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of ANBC. What is the full form of ANBC?

A. Adjusted Net Bank Core B. Adjusted Net Bank Credit C. Adjusted Net Bank Cash D. Adjusted Net Bank Common E. Adjusted Net Bank Current

Answer - Option B
Explanation - Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher, as per the extant guidelines on priority sector lending.
7. _______________ is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

A. Inflation B. Deflation C. Stagflation D. All of the above E. None of the above

Answer - Option C
Explanation - In economics, stagflation, or recession-inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment, and vice versa.
8. Which bank has become the first private sector bank to sell Indian gold coins?

A. Dhanlaxmi Bank B. Federal Bank C. ICICI Bank D. IndusInd Bank E. Karur Vysya Bank

Answer - Option B
Explanation - Kerala based private sector lender, Federal Bank has tied up with MMTC Ltd. for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.
9. Which of the following can invest in the commercial paper?

A. Corporate B. Primary Dealers C. All-India Financial Institutions D. Both (b) and (c) E. All of the Above

Answer - Option E
Explanation - Individuals, banking companies, other corporate bodies (registered or incorporated in India) and unincorporated bodies, non-resident Indians and foreign institutional investors etc can invest in CPs.
10. Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan is taken for higher education. Deduction under section 80E is available for _____

A. 2 years B. 4 years C. 8 years D. 10 years E. None of the given options is true

Answer - Option C
Explanation - The deduction on education can be claimed only when you start the repayment and is available up to eight years, or until the payment of interest in full, whichever is earlier. This means, if you repay the loan within, say, five years, you can claim deduction only till such period.

1. President Ram Nath Kovind has appointed 5 new governors recently. Who is appointed as new governor of Telangana?

A. Bhagat Singh Koshyari B. Dr Tamilisai Soundararajan C. Arif Mohammed Khan D. Bandaru Dattatreya E. Kalraj Mishra

Answer - Option B
Explanation - A total of five governors have been appointed by President Ram Nath Kovind, including the transfer and appointment of Kalraj Mishra. Tamil Nadu BJP president Dr. Tamilisai Soundararajan has been appointed as the Governor of Telangana, replacing ESL Narasimhan.
2. The entire month of September 2019 will be celebrated as the Rashtriya Poshan Maah. This year the theme is-?

A. Complementary Vitamin B. Complementary Economy C. Complementary Water D. Complementary Fooding E. Complementary Feeding

Answer - Option E
Explanation - The entire month of September 2019 will be celebrated as the Rashtriya Poshan Maah. This year the theme is Complementary Feeding. Prime Minister’s Overreaching Scheme for Holistic Nourishment- POSHAN Abhiyaan is a multi- ministerial convergence mission with the vision to address malnutrition with a targeted approach by 2022.
3. The amended provisions of the Motor Vehicle Act, which hike the penalty for traffic rules violation have come into force from-?

A. 01st April 2019 B. 01st July 2019 C. 01st September 2019 D. 01st August 2019 E. 01st June 2019

Answer - Option C
Explanation - The amended provisions of the Motor Vehicle Act, which hike the penalty for traffic rules violation have come into force from 01st September 2019. As many as 63 clauses of the Act, which correspond to an increase in the fine for traffic rule violation came into force.
4. Who is appointed as the new governor of Rajasthan recently?

A. Kalraj Mishra B. Bandaru Dattatreya C. Arif Mohammed Khan D. Dr Tamilisai Soundararajan E. Bhagat Singh Koshyari

Answer - Option A
Explanation - A total of five governors have been appointed by President Ram Nath Kovind, including the transfer and appointment of Kalraj Mishra. Kalraj Mishra, the Governor of Himachal Pradesh, was transferred and appointed as the Governor of Rajasthan. He will replace Kalyan Singh.
5. Prime Minister’s Overreaching Scheme for Holistic Nourishment- POSHAN Abhiyaan is a multi- ministerial convergence mission with the vision to address malnutrition with a targeted approach by-?

A. 2020 B. 2027 C. 2024 D. 2022 E. 2030

Answer - Option D
Explanation - Prime Minister’s Overreaching Scheme for Holistic Nourishment- POSHAN Abhiyaan is a multi- ministerial convergence mission with the vision to address malnutrition with a targeted approach by 2022.
6. The Election Commission has launched new mega EVP across the country. What is the full form of EVP?

A. Electors Verification Process B. Electors Verification Programme C. Electors Verification Publication D. Electors Vehicles Programme E. Easily Verification Programme

Answer - Option B
Explanation - The Election Commission launched new mega Electors Verification Programme (EVP) across the country. The programme, which seeks to electoral rolls through crowd sourcing, will go on till 15th of October. The EVP programme can be effected both online and offline.
7. President Ram Nath Kovind has appointed 5 new governors recently. Who is appointed as new governor of Kerala?

A. Kalraj Mishra B. Bhagat Singh Koshyari C. Dr Tamilisai Soundararajan D. Arif Mohammed Khan E. Bandaru Dattatreya

Answer - Option D
Explanation A total of five governors have been appointed by President Ram Nath Kovind, including the transfer and appointment of Kalraj Mishra. Arif Mohammed Khan has been appointed as the Kerala governor in place of P Sathasivam.
8. A convincing India U-15 team has thrashed Nepal 7-0 to lift the SAFF U-15 title at the Kalyani Stadium in-?

A. Kolkata B. Cuttack C. Kochin D. Patna E. Ranchi

Answer - Option A
Explanation - A convincing India U-15 team thrashed Nepal 7-0 to lift the SAFF U-15 title at the Kalyani Stadium in Kolkata. Striker Sridarth Nongmeikapam scored a hat-trick while Maheson Singh, Amandeep, Sibajit Singh and Himanshu Jangra scored one goal apiece.
9. Which of the following Bank will introduce two Repo Linked Products– Suvidha Plus Home Loan and Suvidha Plus Auto Loan from 10th September 2019?

A. Bank of Baroda B. ICICI Bank C. Canara Bank D. State Bank of India E. IDBI Bank

Answer - Option E
Explanation - IDBI Bank will introduce two Repo Linked Products–Suvidha Plus Home Loan and Suvidha Plus Auto Loan from September 10. The new Home Loan and Auto Loan products will be offered to new customers having good credit score and minimum income of Rs. 6 lakh per annum.
10. Who is appointed as the new governor of Himachal Pradesh recently?

A. Dr Tamilisai Soundararajan B. Arif Mohammed Khan C. Bandaru Dattatreya D. Kalraj Mishra E. Bhagat Singh Koshyari

Answer - Option C
Explanation - Kalraj Mishra, the Governor of Himachal Pradesh, was transferred and appointed as the Governor of Rajasthan. He will replace Kalyan Singh. Taking over Mishra’s role as Himachal governor is former Union minister Bandaru Dattatreya.