1. The Reserve Bank of India has set up an Inter-disciplinary Standing Committee on Cyber Security. Who is the Chairperson of this committee?
a) Smt. Meena Hemchandra, Executive Director, RBI
b) Usha Anantha Subramnian
c) R.Gandhi
d) SS Mundra
e) None of these
2. Which type of deposits in banks constituted the highest share in aggregate deposits in all population groups? [except in rural areas where savings deposits (53.4 percent) recorded the major share]
a) Recurring Deposits
b) Term deposits
c) Current Account deposits
d) SukanyaSamruddhiYojana deposits
e) None of these
3. In which states/ UT, bank deposits and credit concentration is more?
a) Maharashtra,
b) National Capital Territory (NCT) of Delhi,
c) Tamil Nadu, Karnataka,
d) Uttar Pradesh, West Bengal and Gujarat
e) All the above
4. What are the benefits of the Insolvency and Bankruptcy Code, 2016 (IBC)?
a) It lays down a resolution process that is time bound and undertaken by professionals.
b) It creates an institutional mechanism for insolvency resolution process for businesses operated by companies, individuals or any other entities, either by coming up with a viable survival mechanism or by ensuring their prompt liquidation
c) Both (a) & (b)
d) It helps in amassing wealth
e) None
5. What is the advantage of the Financial Resolution and Deposit Insurance Bill, 2016?
a) Increases losses
b) The draft Bill on Financial Resolution and Deposit Insurance not only consolidates the resolution provisions presently scattered in different statutes, but also introduces new requirements like classification of financial service providers into various categories of risk to viability, submission of resolution / restoration plans, etc. and new methods for resolution, on the lines of prevalent international practices
c) Increases profits
d) Increases inflation
e) None of these
6. In the abbreviation DRTs, the letter D stands for what?
a)Debt (DRTs :Debt Recovery Tribunals)
b) Doubt
c) Deemed
d) Debenture
e) Development
7. The Benami Transaction (Prohibition) Amendment Act, 2016 aims which of the following?
a) To control inflation
b) To control the menace of black money and its by-product Benami transactions, with the new stringent law and its effective implementation.
c) To control unemployment
d) To control poverty
e) None of these
8. India continues to be among the top ten countries in terms of foreign direct investment (FDI) inflows globally and the fourth in developing Asia, as per which of the following?
a) World Investment Report 2016 by the United Nations Conference for Trade and Development (UNCTAD).
b) ILO
c) IAEA
d) ICJ
e) WHO
9. The inflows into India on account of foreign investment was how much in the financial year 2015-16? ( in US$ billions)
a) 36.485
b) 25
c) 30
d) 40
e) None
10. As on Dec 2016, which of the following outstanding deposits in India is correct?
a) FCNR (B) deposits : US$ 20.859 billion
b) NRE deposits : US$ 77.418 billion
c) NRO deposits : US$ 11.458 billion
d) All the above
e) None of these
11. Base Erosion and Profit Shifting (BEPS) have often been used as a tax avoidance strategy used by MNEs for shifting profits from high tax jurisdiction to low tax jurisdiction. In the abbreviation, MNEs, the letter M stands for what?
a) Million
b) Multinational (MNEs: Multinational Enterprises)
c) More
d) Many
e) Much
12. Resident individuals of India are ena bled to undertake outward FDI within LRS limit of how much? (in US$)
a) 250,000
b) 50,000
c) 20,000
d) 10,000
e) None of these
13. ODI from India provides an important gateway for domestic businesses to enter the global marketplace and in recent times, India has taken some significant steps to make its presence felt in the global arena. In the abbreviation ODI, the letter O stands for what?
a) Office
b) Overseas (ODI : Overseas Direct Investment)
c) Once
d) Only
e) None of these
14. FLCs are advised to conduct special camps for a period of one year beginning April 1, 2017 on “Going digital” through UPI and *99# (USSD)”. In the abbreviation FLCs, the F stands for what?
a) Financial (FLCs:Financial Literacy Centres)
b) Film
c) Free
d) Floating
e) None
15. Market Place Financing is also known as what? Give details?
a) ‘Crowd Funding’
b) It refers to a method of funding a project or venture through small amounts of money raised from a large number of people, typically through a portal acting as an intermediary.
c) Person to Person (P2P) lending is a form of crowd-funding used to raise loans which are paid back with interest.
d) Charitable donations that provide no financial returns; others, such as equity crowd funding would fall within the domain of financial markets
e) All the above
16. What is ‘Block Chain Technology’? Give details?
a) It is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
b) Blockchains are an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way
c) It is also another disruptive innovation
d) All the above
e) None of these
17. Payments by VCs are on a peer-to-peer basis. In the abbreviation VCs, the letter V stands for what?
a) Virtual (VCs: Virtual Currencies)
b) Very
c) Vast
d) Vote
e) None of these
18. What is “Non-Operative Financial Holding Company (NOFHC)”?
a) It is a non-deposit taking NBFC which holds the shares of a banking company and the shares of all other financial services companies in its group
b) BFC
c) Co-operative society
d) Urban Co-operative Bank
e) None of these
19. Export-Import Bank of India (Exim Bank) has entered into an agreement dated August 11, 2016 with the Government of the Republic of Sierra Leone for making available to the latter, a Government of India supported LOC. In the abbreviation LOC, the letter C stands for what?
a) Credit (LOC Line of Credit)
b) Cash
c) Care
d) Cure
e) None of these
20. In the abbreviation FIMMDA, the letter F stands for what?
a) Free
b) Fixed (FIMMDA:Fixed Income Money Market and Derivatives Association of India)
c) Fair
d) Fare
e) None of these
21. FIMMDA is a voluntary market body for which markets?
a) Bond
b) Money
c) Derivative
d) All the above
e) None of these
22. What is the difference between a ‘fixed income security’ and ‘equity’?
a) Lands and Cash
b) Holders of fixed-income securities are creditors of the issuer, not owners. Equity represents a share in the ownership of the issuer.
c) Buildings and Crops
d) Ships and Aeroplanes
e) None of these
23. What are ‘coupon payments’?
a) Coupon payments are the cash flows that are offered by a particular security at fixed intervals. The coupon expressed as a percentage of the face value of the security gives the coupon rate.
b) Cash payments
c) Credit payments
d) Loan payments
e) None of these
24. What are derivatives?
a) Derivative securities are those whose value depends on the value of another asset (called the underlying asset)
b) Cash only
c) Shares only
d) Debentures only
e) None of these
25. What are the different types of derivatives?
a)Forwards
b) Futures
c) Options
d) Swaps
e) All the above
26. What is Call Money Market?
a) The call money market is an integral part of the Indian Money Market, where the day-to-day surplus funds (mostly of banks) are traded
b) Share market
c) Stock market
d) Bullion market
e) None of these
27. What are G-Secs?
a) Gold straps
b) G-Secs or Government of India dated Securities are Rupees One hundred facevalue units/debt paper issued by Government of India in lieu of their borrowing from the market
c) Silver lines
d) Equities
e) None of these
