1 As per RBI latest guidelines, What is the maturity period of the Floating Rate Bonds (FRBs)?
- A) Five years
- B) Seven years
- C) Ten years
- D) Twelve years
2 What significant change did the Securities and Exchange Board of India (SEBI) make to the investment norms for non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) on April 30, 2024?
- A) They are now allowed to own up to 50% in global funds set up at the Gujarat International Finance Tec-City (GIFT City)
- B) They are now allowed to own up to 100% in global funds set up at the Gujarat International Finance Tec-City (GIFT City)
- C) They are now allowed to own up to 75% in global funds set up at the Gujarat International Finance Tec-City (GIFT City)
- D) They are now allowed to own up to 25% in global funds set up at the Gujarat International Finance Tec-City (GIFT City)
3 Why did the Reserve Bank of India (RBI) cancel the license of Acemoney India Limited?
- A) Due to successful business practices
- B) Due to irregular lending practices and violation of RBI guidelines
- C) Due to a change in the company’s management
- D) Due to the company’s expansion into new markets
4 The Reserve Bank of India (RBI) recently released an updated Guidance Note on Operational Risk Management and Operational Resilience. What is the PRIMARY purpose of this update?
- A) To replace outdated information on credit risk management
- B) To introduce entirely new regulations for the banking sector
- C) To emphasize the importance of lenders recovering from disruptions
- D) To update information on managing a single type of operational risk
5 What is the aim of the partnership between NPCI International Payments Limited (NIPL) and Bank of Namibia (BoN)?
- A) To develop a cryptocurrency for Namibia
- B) To develop an instant payment system similar to India’s UPI for Namibia
- C) To establish a new bank in Namibia
- D) To introduce credit cards in Namibia
6 What is the purpose of the Integrated Pensioners’ Portal, also known as the Bhavishya Portal?
- A) To provide job opportunities for retired government employees.
- B) To streamline and simplify various pension-related services for retired government employees
- C) To provide health insurance for retired government employees.
- D) To provide financial advice for retired government employees
7 What is the purpose of the KAVACH system?
- A) To prevent train collisions and enhance safety
- B) To increase the speed of trains
- C) To improve the comfort of train journeys
- D) To reduce the cost of train tickets
8 What is the purpose of the recent amendments to the SEBI (Mutual Funds) Regulations, 1996?
- A) To increase the profits of Asset Management Companies (AMCs)
- B) To curb fraudulent practices in mutual funds
- C) To promote the sale of mutual funds
- D) To reduce the number of mutual funds in the market
9 According to the new rules, what is the maximum risk banks can take in the stock market in a day?
- A) 10%
- B) 30%
- C) 20%
- D) 40%
10 What tasks are delegated to Research Analysts and Investment Advisers Supervisory Bodies (RAASBs) and Investment Advisers Supervisory Bodies (IAASBs) under the new SEBI framework?
- A) Initial application scrutiny and supervision
- B) Registration and enforcement
- C) Market analysis and prediction
- D) Financial auditing
11 What was India’s rank in the World Press Freedom Index in 2024?
- A) 158
- B) 159
- C) 160
- D) 161
12 What is the purpose of REC Limited setting up a subsidiary in GIFT City?
- A) To diversify its portfolio and explore new growth avenues
- B) To provide financial services to rural areas
- C) To comply with a new regulation by the RBI
- D) To acquire another company
13 Which country is the Country Coordinator of India for ASEAN-India Dialogue Relations?
- A) Malaysia
- B) Indonesia
- C) Singapore
- D) Thailand
14 What is the name of the authority that permitted Foreign Portfolio Investors (FPIs) to issue derivative instruments with Indian securities?
- A) Securities and Exchange Board of India (SEBI)
- B) Reserve Bank of India (RBI)
- C) International Financial Services Centres Authority (IFSCA)
- D) Ministry of Finance, India
15 What tax benefits does the Promise4Growth plan offer?
- A) Tax benefits only on benefits received.
- B) Tax benefits only on premium paid.
- C) Tax benefits on premium paid and benefits received as per prevailing tax laws under Income Tax Act, 1961.
- D) No tax benefits.
16 Who is responsible for verifying merchant details for BHIM Aadhaar Pay according to the new guidelines issued by National Payments Corporation of India (NPCI)?
- A) The merchants themselves
- B) The Reserve Bank of India
- C) The acquiring member banks
- D) The National Payments Corporation of India
17 Which city tops the list in the World’s Wealthiest Cities Report 2024?
- A) London
- B) Tokyo
- C) New York City
- D) San Francisco
18 According to the World’s Wealthiest Cities Report 2024 by Henley & Partners, New York City tops the list.
- A) Within 7 working days from the end of the half-yearly period
- B) Within 15 days from the date of issuance of the circular by the supervisory body
- C) Within 30 days from the end of the half-yearly period
- D) Within 10 days from the date of issuance of the circular by the supervisory body
19 What is the Annual Investment Meeting (AIM) Congress?
- A) A global platform for discussing investment trends, challenges, and opportunities.
- B) A local event for discussing investment trends.
- C) A global platform for discussing only challenges in investment.
- D) A local event for discussing only opportunities in investment.
20 What is the global rank of India in terms of net gain in average annual forest area between 2010 and 2020?
- A) First
- B) Second
- C) Third
- D) Fourth
21 Who became India’s largest trading partner in the fiscal year 2023-24?
- A) United States
- B) Australia
- C) Japan
- D) China
22 Who has been appointed as the new Executive Director of the Reserve Bank of India (RBI) effective from May 10, 2024?
- A) Shri R. Lakshmi Kanth Rao
- B) Shri S. Venkataraman
- C) Shri P. Raghuram Rajan
- D) Shri K. C. Chakrabarty
23 What is the aim of the Drone Didi Yojana?
- A) To train 15,000 women to operate drones for agricultural purposes
- B) To train 15,000 women to operate drones for military purposes
- C) To train 15,000 women to operate drones for entertainment purposes
- D) To train 15,000 women to operate drones for transportation purposes
24 Which Indian company signed the deal with the Port & Maritime Organisation of Iran for the operations of the Chabahar Port?
- A) Reliance Ports
- B) Adani Ports
- C) Indian Ports Global Limited (IPGL)
- D) Essar Ports
25 Which bank became the first to join the India International Bullion Exchange (IIBX) as a Trading-cum-Clearing Member (TCM)?
- A) HDFC Bank
- B) ICICI Bank
- C) Punjab National Bank
- D) State Bank of India (SBI)
26 What is the new method for calculating the market capitalization of listed companies under the Listing Obligations and Disclosure Requirements (LODR) Regulations?
- A) Single day’s market cap
- B) Average Market Capitalization over a defined period
- C) Total assets of the company
- D) Total number of shares issued by the company
27 How many independent directors must be on the board of insurers according to the new IRDAI regulations?
- A) One
- B) Two
- C) Four
- D) Three
28 What is the name of the platform recently launched by the RBI to facilitate regulatory approvals for individuals and entities?
- A) PRAVAAH
- B) Retail Direct mobile app
- C) FinTech Repository
- D) G-sec app
29 Under the Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024, which of the following non-residents can open interest-bearing accounts in India?
- A) All non-resident individuals
- B) All non-resident individuals
- C) Non-resident individuals with a permitted derivative contract with an authorized dealer in India
- D) Non-resident corporations with investments in India
30 According to the RBI circular, which banks can issue Irrevocable Payment Commitments (IPCs)?
- A) Any commercial bank
- B) Only custodian banks
- C) Only custodian banks
- D) Both custodian and investment banks
31 What additional clause must be included in a client agreement before a custodian bank issues an IPC?
- A) A clause outlining the client's investment goals
- B) A clause specifying the interest rate on the IPC
- C) A clause granting the bank an inalienable right over received securities
- D) A clause detailing the repayment schedule for the IPC
32 How is the risk exposure from issuing IPCs categorized for custodian banks?
- A) As operational risk
- B) As credit risk
- C) As Capital Market Exposure (CME)
- D) Not categorized as a separate risk
33 What is the maximum intraday risk exposure allowed for Capital Market Exposure (CME) arising from issuing Irrevocable Payment Commitments (IPCs)?
- A) 10% of the settlement amount
- B) 20% of the settlement amount
- C) 30% of the settlement amount
- D) 40% of the settlement amount
34 How can a client further reduce the risk exposure for the custodian bank when issuing an Irrevocable Payment Commitments IPC?
- A) By increasing the interest rate on the IPC
- B) By providing a margin in the form of cash or permitted securities
- C) By shortening the settlement period for the IPC
- D) By providing a detailed investment strategy document
35 Effective from July 1, 2024, what is the minimum percentage of foreign currency notes that FFMCs/ADs Cat-II must sell to the public (for permitted purposes) on a quarterly basis compared to what they purchase from other FFMCs/ADs?
- A) 50%
- B) 75%
- C) 90%
- D) There is no minimum requirement.
36 What is the purpose of the ‘Bima Central’ platform?
- A) To provide car insurance
- B) To aggregate and manage insurance portfolios
- C) To offer banking services
- D) To sell insurance policies
37 What is the purpose of the MoU signed between The Federation of Indian Chambers of Commerce (FICCI) and the India Electronics and Semiconductor Association (IESA)?
- A) To promote innovation and support the semiconductor and electronics industry
- B) To strengthen supply chains and foster the development of the ecosystem in India with global impact
- C) Both A and B
- D) None of the above
38 What is the aim of the MoU signed between Agriculture Insurance Company of India Ltd (AIC) and CSC e-Governance Services India Ltd (CSC)?
- A) To provide health insurance to rural India
- B) To provide life insurance to rural India
- C) To expand the reach of AIC’s cattle insurance product, “Sampoorna Pashudhan Kawach”, across rural India
- D) Total of shares issued by the companumberny
39 What is India’s rank in the World Economic Forum’s Travel & Tourism Development Index (TTDI) 2024?
- A) 54th
- B) 26th
- C) 39th
- D) 18th
40 Which award did POWERGRID receive in 2024?
- A) ATD Best Award
- B) ATD Excellence Award
- C) ATD Innovation Award
- D) ATD Leadership Award
41 What is the target of headline retail inflation as per the RBI’s State of the Economy Report?
- A) 3%
- B) 4%
- C) 5%
- D) 6%
42 What is the main purpose of the PRAVAAH portal launched by the RBI?
- A) To provide a secure platform for online banking transactions
- B) To offer financial education and resources to the public
- C) To streamline the application process for RBI authorizations, licenses, and regulatory approvals
- D) To facilitate international trade and finance operations
43 What percentage was the Contingent Risk Buffer (CRB) increased to for FY 2023-24?
- A) 5.50%
- B) 6.00%
- C) 7.00%
- D) 6.50%
44 What is the purpose of the Indian Army’s initiative with the green hydrogen fuel cell bus?
- A) To promote diesel technology for heavy-duty e-mobility
- B) To promote hydrogen and fuel cell technology for heavy-duty e-mobility
- C) To promote solar power for heavy-duty e-mobility
- D) To promote wind energy for heavy-duty e-mobility
45 Which organizations are required to disclose their annual activities on the Social Stock Exchange (SSE) for FY24?
- A) Only for-profit social enterprises
- B) Only government organizations
- C) Not-for-profit organizations (NPOs) registered on the Social Stock Exchange (SSE)
- D) All publicly listed companies
46 What is the primary objective of the MoU signed between MEA, MeitY, and CSC e-Governance Services India Ltd?
- A) To provide financial assistance to migrant workers
- B) To facilitate eMigrate services through CSCs for blue-collar workers
- C) To offer free travel to ECR countries
- D) To create job opportunities in foreign countries
47 Which was the highest-ranked Indian institution in the THE Asia University Rankings 2024?
- A) Indian Institute of Technology, Delhi
- B) Indian Institute of Science, Bengaluru
- C) University of Delhi
- D) Jawaharlal Nehru University
48 What is the purpose of the issuance of subordinate units by privately placed Infrastructure Investment Trusts (InvITs) as notified by SEBI?
- A) To bridge the valuation gaps that may arise due to the difference in the valuation of an asset assessed by the Sponsor and the InvIT
- B) To increase the market capitalization of InvITs
- C) To raise funds through public issues
- D) To provide voting rights to the sponsor
49 Who is the target group for the Maha Krishi Samrudhi Yojana (MKSY)?
- A) Urban Real Estate Developers
- B) Retail Traders
- C) IT and Software Companies
- D) Food and Agro-Based industries & Agri Infrastructure Projects including Startups
50 What was the net income of the Reserve Bank of India (RBI) for the year 2023-24?
- A) 87,420 crore
- B) 1.87 lakh crore
- C) 2.11 lakh crore
- D) 70.48 lakh crore
