Model Questions
1. As per the monetary policy review of RBI, which of the following statement is wrong?
1) the policy repo rate unchanged at 4%
2) India's foreign exchange reserves increased to USD 534.6 billion by 31 July 2020
3) System of Online Dispute Resolution (ODR) mechanism for digital payments to be introduced
4) For the year 2020-21, as a whole, real GDP growth is expected to be negative
5) All of the above statements correct
2. LTV ratio for gold loans relaxed to 90% from 75% by RBI. In this context, LTV stands for..
1) Lien-To-Value 2) Loan-To-Value
3) Loan-To-Void 4) Link-To-Value
5) Loan-To-Valid
3. Who is the head of the Monetary Policy Committee of RBI?
1) Finance Minister
2) Prime Minister 3) RBI governor
4) President 5) SEBI chairman
4. On 7 August 2020, the RBI set up the expert committee to oversee the resolution of stressed assets created by COVID-19 under the chairmanship of…
1) UK Sinha 2) TN Manoharan
3) Nandan Nilekani
4) Suresh Mathur 5) KV Kamath
5. Which bank launched 'KCC (Kisan Credit Card) Review option' on its digital agricultural solution platform, YONO Krishi?
1) ICICI 2) IDBI 3) SBI
4) Union Bank of India 5) NABARD
6. Shaurya KGC Card launched by which bank to benefit armed forces personnel, which was issued on the lines of Kisan Credit Card?
1) YES Bank 2) Axis Bank
3) Punjab National Bank
4) HDFC Bank 5) Bank of India
7. The board of the RBI approved the transfer of ….... as surplus to the government for the accounting year 2019-20
1) Rs.27,125 crore
2) Rs.32,127 crore
3) Rs.47,728 crore
4) Rs.28,124 crore
5) Rs.57,128 crore
8. Sashidhar Jagdishan was appointed as the MD & CEO of which bank effective from 27 October 2020?
1) Yes Bank 2) Canara Bank
3) Central Bank of India
4) HDFC Bank 5) Bank of Baroda
9. Union Minister of State for Finance Anurag Thakur said that Prime Minister's vision of financial inclusion achieved a new milestone of ……… Pradhan Manhtri JanDhan Yozana bank accounts.
1) 40 crore 2) 15 crore
3) 25 crore 4) 10 crore 5) 35 crore
10. RBI announced additional special liquidity facility of Rs. 5,000 crore each for NABARD and
1) SBI 2) SEBI 3) NHB
4) UCO bank 5) India Bulls
11. RBI revised the guidelines applicable for Core Investment Companies (CICs) on the basis of the recommendations of the Working Group to review the Regulatory and Supervisory Framework for CICS. The working group was headed by ………
1) Bimal Jalan
2) Arvind Panagariya 3) Tapan Ray 4) Pradeep Kumar
5) Tarun Ramadorai
12. Which organization launched 'nth Rewards', business intelligence and analytics enabled omni-channel multi-branded loyalty platform?
1) National Housing Bank
2) Unit Trust of India
3) National Payment Corporation of India
4) Industrial Finance Corporation of India
5) Small Industries Development Bank of India
13. Which international monetary organization, the part of World Bank group planned to invest Rs.75 Crore ($ 10 million) in Endiya Partners Fund II?
1) International Monetary Fund
2) International Development Association
3) International Finance Corporation
4) MIGA
5) International Centre for Settlement of Investment Disputes
14. Which bank extended a Line of Credit (LoC) of $ 250 million to Mozambique to improve the power supply quality?
1) NHB 2) MUDRA Bank
3) EXIM Bank 4) NABARD
5) SBI
15. Prime Minister Narendra Modi launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund of ..
1) Rs. 1 Lakh Crore
2) Rs. 2 Lakh Crore
3) Rs. 3 Lakh Crore
4) Rs. 1.5 Lakh Crore
5) Rs. 1.75 Lakh Crore
16. India extended Line of Credit (LOC) of ……….. to the Government of Maldives for the expansion of fishing facilities at Maldives Industrial Fisheries Company (MIFCO).
1) $ 80 million 2) $ 10 million
3) $ 50 million 4) $ 18 million
5) $ 100 million
17. NITI Aayog's Atal Innovation Mission in collaboration with ……launched the second edition of Student Entrepreneurship Program (SEP 2.0) for young innovators of Atal Tinkering Labs (ATLs)
1) Infosys 2) HCL 3) Google
4) Dell Technologies
5) Tech Mahindra
18. ICAR's data recovery centre 'Krishi Megh' was set up at National Academy of Agricultural Research Management (NAARM) in.. ..
1) Pune 2) Chennai 3) Bangalore
4) Hyderabad 5) Cuttack
19. Who was appointed as the new chairman of Indian Council for Research on International Economic Relations (ICRIER)?
1) Rekha Sharma
2) Ram Shankar Katheria
3) Pramod Bhasin
4) Justice H L Dattu
5) K V Chowdary
20. As there are several complexities in calculations of the tax of goods consumed within the state, Gujarat became the first state took a bold decision to delink incentives from SGST. In this context, SGST stands for…
1) State Goods and Services Tax 2) Store Goods and Services Tax
3) State Government and Services Tax
4) State Goods and Social Tax
5) State Goods and Source Tax
21. Who heads the committee for determination of ceiling rates under Remission of Duties and Taxes on Exported Products scheme?
1) Amitabh Kant 2) Dr V K Paul
3) G.K. Pillai
4) Nirmala Sitharaman
5) N.K. Singh
22. To develop the international retail businesses in International Financial Services Centres, International Financial Services Centres Authority (IFSCA) appointed a committee headed by..
1) Aruna Sundararajan
2) Sanjay Mitra 3) M.P. Bezbaruah 4) Injeti Srinivas 5) Pradip Shah
23. In the FutureBrand Index 2020, which Indian company ranked as the Second Biggest Brand for its recognition associated with its growth, innovative products and customer service?
1) Indian Oil Corporation Ltd
2) TATA motors
3) Coal India Ltd
4) Reliance Industries Ltd 5) HPCL
24. What is the rank of Mukesh Ambani in world's richest person list as per Bloomberg Billionaires Index (August 2020)?
1) 8 2) 2 3) 4 4) 6 5) 10
25. At which place in Karnataka, the Railway Museum was opened by Union Minister of Railways Piyush Goyal?
1) Hubballi 2) Mysuru
3) Kalaburagi 4) Shivamogga
5) Bidar
26. First Kisan Special Parcel Train run between Devlali in Maharashtra to Danapur railway station in .......
1) Bihar 2) Haryana
3) Maharashtra 4) UP
5) Chhattisgarh
27. Mukhya Mantri Kisan Sahay Yojana to compensate farmers for crop loss introduced by ..
1) MP 2) Bihar 3) Gujarat
4) Jharkhand 5) West Bengal
28. World-Class Skill Development Institute will be set up by which state having tie up with National Skill Development Corporation (NSDC)?
1) Andhra Pradesh 2) Tamil Nadu
3) Goa 4) Manipur 5) Haryana
29. LIC unveiled 'Special Revival Campaign' to revive lapsed policies. Who is the chairman of LIC?
1) M S Sahoo 2) M R Kumar
3) Pankaj Kumar 4) S C Kuntia
5) R S Sharma
30. Unique identity card, the 'Parivar Pehchan Patras' launched by which state/ UT for effective and efficient delivery of central and state schemes for the people?
1) Haryana 2) Himachal Pradesh 3) Jammu and Kashmir
4) Goa 5) Rajasthan
31. Central Depository Services (India) Limited (CDSL) said it got the permission from UIDAI for e-KYC Aadhar authentication. Who is the present chairman of CDSL?
1) Sethurathnam Ravi
2) Dhirendra Swarup
3) Balakrishna V.Chaubal
4) Girish Chandra Chaturvedi
5) C Parthasarathy
32. 'mpay.me', a Unified Payment Interface (UPI) payment link service that allows users to send and receive money from any UPI payment app launched by ………
1) Paytm 2) Freecharge
3) MobiKwik 4) Gpay
5) Phonepay
33. National Bank of Bahrain (NBB) selected ……… to digitally transform its transaction banking business
1) Microsoft India
2) Tech Mahindra 3) HCL
4) Infosys Finacle 5) TCS
34. Airtel Payments Bank partnered with ………. to offer ''Smart Plan Shop Package Policy''
1) Bharti AXA General Insurance
2) ICICI Prudential 3) LIC
4) Aditya Birla Insurance
5) TATA AIG
35. RBI in its Statement on Development and Regulatory Policies announced that it will introduce a mechanism of 'Positive Pay for cheques' above .........
1) Rs. 10,000 2) Rs. 20,000
3) Rs. 50,000 4) Rs. 70,000
5) Rs. 40,000
36. NTPC Group achieved ….. of cumulative generation in the current financial year
1) 200 billion units
2) 10 billion units
3) 400 billion units
4) 100 billion units
5) 500 billion units
KEY: 1-5 2-2 3-3 4-5 5-3 6-4 7-5 8-4 9-1 10-3 11-3 12-3 13-3 14-3 15-1 16-4 17-4 18-4 19-3 20-1 21-3 22-5 23-4 24-3 25-1 26-1 27-3 28-3 29-2 30-1 31-3 32-3 33-4 34-1 35-3 36-4.
Writer: Amara Veeraswamy
19-8-2020
