1.Which among the following is a direct tax?

[A] Excise Duty

[B] Sales Tax
[C] VAT
[D] Income Tax
2.Which of the following sectors is regulated by IRDA ?
[A] Insurance
[B] Industry
[C] Finance
[D] Investment
3. Which among the following has never been an agenda of Financial Sector
Reforms in India?
[A] Providing easy credit to all citizens with subsidies guaranteed
[B] Deregulation of the interest rate regime
[C] Enabling regulatory framework for effective supervision
[D] Strengthening the Disclosure norms
4. Which of the following imaginary circumstances, the Reserve bank of India
will opt to sell Government securities in the open market?
[A] When the Foreign funds inflow is meek
[B] When there is enormous Foreign Funds Inflow in the Indian Economy
[C] When banks have low liquidity and need liquidity
[D] When Government of India asks the RBI to sell securities
5. Which among the following was not Stipulated in the Fiscal Responsibility
And Budget Management Act 2003?
[A] Elimination of revenue deficit
[B] Elimination of primay deficit
[C] Non-borrowing by the central government from RBI except in certain
situations
[D] Fixing government guarantees in any financial year as a percentage of GDP
6. Which among the following is NOT a money market instrument?
[A] Cash Management Bill
[B] Certificate of Deposit
[C] Commercial Paper
[D] Debenture
7. Which of the following is the biggest contributor to the Foreign Reserve of
India?
[A] Gold
[B] Foreign Assets
[C] SDR
[D] Reserve Tranche with IMF
8. The Mutual fund is constituted under the provisions of which of the
following acts?
[A] The Securities and Exchange Board Of India Act,1992
[B] RBI Act,1934
[C] Indian Trusts Act,1882
[D] Indian Registration Act,1908.
9. On which architecture is UPI built upon?
[A] IMPS
[B] NEFT
[C] RBI
[D] None of the above
10. Which of the following is the first Bank to introduce ATM ?
[A] HSBC
[B] ICICI Bank
[C] SBI
[D] Axis Bank
11. Which among the following is not an instrument of fiscal policy?
[A] Taxation
[B] Public expenditure
[C] Public debt
[D] Credit Rationing
12. Which one of the following institutions providing finance to the industrial
sector was the first to be set up?
[A] Industrial Reconstruction Corporation of India
[B] Industrial Finance Corporation of India
[C] Industrial Credit and Investment Corporation of India
[D] Industrial Development Bank of India

13. Which among the following continents account for nearly one-third of the total world route
length of railways?
[A] Asia
[B] North America
[C] Africa
[D] Europe
14. If exports equal imports, then which of the following relations will be true?
[A] GDP = GNP
[B] GDP > GNP
[C] GDP < GNP
[D] None of these
15. Which of the following is a tertiary activity?

[A] Farming
[B] Manufacturing
[C] Dairying
[D] Trading
16. Whenever the central bank offers securities in the open market, the credit creation capability of
the banking industry is expected to

A. Fall

B. Rise

C. No effect

D. May rise or may fall

17. What distinguishes a bank from other financial institutions?

A. Accepting time deposits as a courtesy

B. Accepting demand deposits

C. Lending

D. Accepting loans and borrowings

18. On which things were not included in the Supply of money measure?

A. inter-bank deposits

B. Demand deposits with financial institutions on a net basis

C. Currency and coins are available to the general population

D. Deposits with the Reserve Bank of India (RBI) in addition to the above

19. The term “Money Supply” relates to

A. Overall money held by the general public over a specified period of time

B. The total volume of money held by the public at a particular point in time

C. The total amount of money that the government possesses.

D. Both a) and b)

20. To help the country’s credit situation, the RBI may:

A. Repo Rates Should Be Reduced

B. Purchase stocks and bonds in the open market.
C. Reduce the cash reserve to debt ratio.
D. Sell securities in the open market

21. What happens when margin requirements are increased.

A. It decreases borrowing capacity and money supply

B. It increases borrowing capacity and money supply
C. It encourages people to borrow more, resulting in a rise in the money supply.
D. There is no change in the money supply

22. RBI has the powers to print currency notes of up to __________ denomination

(a) Rs. 2,000 (b) Rs. 5,000 (c) Rs. 10,000 (d) Rs. 20,000

23. Bank note which is misprinted by RBI is replaced by issuing a _________ note

(a) Sun series (b) Moon series (c) Planet series (d) Star series

24. Appeal against the award given by the Ombudsman can be made by the bank within
_________ days of date of _________

(a) 20 days, receipt of intimation from the customer (b) 30 days, receipt of acceptance from
the customer (c) 30 days, receipt of intimation from the customer (d) 30 days, receipt of
acceptance from the customer

25. NSC pledged with post office with nomination in favour of XYZ. Bank’s claim against
these NSCs _________

(a) Will have priority only after nominee (b) Will have priority (c) has to be decided in court
(d) None of the above

26. RBI injects liquidity through _________

(a) Repo (b) Reverse Repo (c) Either a or b (d) Both a or b

27. Nanjangud rasabale banana, recently seen in the news, is mainly cultivated in which
state?

[A] Karnataka
[B] Tamil Nadu
[C] Andhra Pradesh
[D] Odisha

28. Recently, China imposed export restrictions on which critical mineral in the name of
national security?

[A] Tellurium
[B] Fluorspar
[C] Antimony
[D] Scandium

29. What is the ‘Axis of Resistance’, recently highlighted in Middle Eastern conflicts?

[A] A military alliance led by Iran

[B] A peace treaty between Israel and Palestine
[C] A humanitarian organization in Gaza
[D] An economic coalition of Middle Eastern countries

30. Recently, which community became the 6th PVTG to get habitat rights over forests in
Odisha?

[A] Gadaba community

[B] Sora community
[C] Bhumia community
[D] Mankidia community

31. What is the name of India’s new scheme to promote local manufacturing of electric
vehicle components in India?

[A] PM E-DRIVE
[B] FAME
[C] Electric Mobility Promotion Scheme
[D] National Electric Vehicle Mission

32. What is the primary responsibility of the United Nations Security Council (UNSC),
recently in news?

[A] Environmental protection

[B] Economic development
[C] Maintenance of international peace and security
[D] None of the Above

33. Which organization recently released “India Development Update: India’s Trade
Opportunities in a Changing Global Context” report?
[A] World Bank
[B] International Monetary Fund
[C] United Nations Development Programme
[D] International Labour Organization

34. Recently, the Uttar Pradesh government has announced the construction of Vedic-3D
museum in which city?

[A] Kanpur
[B] Ayodhya
[C] Varanasi
[D] Lucknow

35. INDIAsize project”, recently seen in the news, is an initiative of which ministry?

[A] Ministry of Textiles

[B] Ministry of Defence
[C] Ministry of Science and Technology
[D] Ministry of Agriculture

36. Recently, which ministry has launched the ‘Vishvasya-Blockchain Technology Stack’?

[A] Ministry of Electronics and Information Technology

[B] Ministry of New and Renewable Energy
[C] Ministry of Urban Development
[D] Ministry of Defence

37. Recently, the Ministry of Commerce and Industry sets 500 million tonnes domestic steel
production target by which year?

[A] 2025
[B] 2028
[C] 2030
[D] 2035

38. BPaLM Regimen, recently seen in the news, is associated with which disease?

[A] Malaria
[B] Dengue
[C] Tuberculosis
[D] Typhoid

39. How many medals were won by India at the 2024 Paris Paralympics?

[A] 15
[B] 20
[C] 25
[D] 29
40. Gadgil Committee Report, recently seen in the news, is associated with which
geographical area?

[A] Linking of Rivers

[B] Protection of Western Ghats
[C] Protection of Eastern Ghats
[D] None of the Above

41. Aman Sehrawat, who recently won bronze medal at Paris Olympics 2024, is associated
with which sports?

[A] Boxing
[B] Wrestling
[C] Table Tennis
[D] Badminton

42.Prompt Corrective Action (PCA) framework, which was seen in the news, is associated
with which institution?

[A] RBI
[B] SEBI
[C] NITI Aayog
[D] Election Commission of India

43. Which automobile company has announced investment of ₹3,300 crore to set up a new
plant in Karnataka?

[A] Hyundai Motors

[B] Kia Motors
[C] Toyota Kirloskar Motors
[D] MG Motors

44. Rupee-denominated bonds that Indian entities issue outside of India are called_?

[A] Green bonds

[B] Masala bonds
[C] Panda bonds
[D] Maharaja bonds

45. At present (December 2023), which state accounts for highest share in total rooftop solar
installation capacity in India?

[A] Rajasthan
[B] Maharashtra
[C] Gujarat
[D] Tamil Nadu

46. Which one of the following best describes the term ‘Blue Economy 2.O’, recently seen in
the budget 2024?
[A] Sustainable development related to oceans, seas, and coasts
[B] Providing new agricultural practice methods
[C] Improving urban infrastructure
[D] Renewable energy sources