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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Q1. Which of the following statement(s)
is/are correct about The Multilateral
Investment?
Guarantee Agency (MIGA)?
1. The Multilateral Investment Guarantee
Agency (MIGA) is the second largest Inter-
governmental organization after United
Nations.
2. Its mandate is to promote cross-border
investment in developing countries by
providing guarantees (political risk insurance
and credit enhancement) to investors
and lenders.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q2. Which of the following statement(s)
is/are correct about the GSP (Generalized
System of Preference) which was in news
recently?
1. It is a trade preference
framework of the European
Union(EU) under which EU
provides preferential duty-
free entry to a large variety -
of products.
2. Recently, India was granted
designation as a beneficiary
developing nation under the
GSP (Generalized System of
Preference).
Select the correct answer using the
codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q3. The Nandan Nilekani Panel/Committee
which was in news recently was constituted
for which of the following purposes?
(a) To study feasibility of selling as many
small and marginal oil and gas fields
of state-owned ONGC and OIL to
private and foreign companies to
boost domestic output.
(b) To review Income-tax Act, 1961 and
to draft new direct tax law in
consonance with the economic
needs of the country.
(c) To submit a comprehensive report
holding consultations with all the
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major stakeholders to strengthen
the digital payments industry.
(d) To review competition regulations in
view of changing business
environment and suggest the
necessary changes to strengthen and
re-calibrate existing law to promote
best practices.
Q4. Which of the following curve advocates
a relationship between inflation and
unemployment in an economy?
(a) Philips Curve
(b) Laffer Curve
(c) Indifference Curve
(d) Lorrenz Curve
Q5. Which of the following statement(s)
is/are correct about the Leverage Ratio?
1. It is one of the several financial
measurements that look at how
much capital comes in the form of
debt (loans) or assesses the ability of
a company to meet its financial
obligations.
2. The Basel Committee on Banking
Supervision (BCBS) has set the
minimum requirement for leverage
ratio at 3%.
Select the correct answer using the
codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q6. Which of the following statement(s)
is/are correct about Housing Finance
Companies in India?
1. The housing finance companies are
part of the broader shadow banking
sector known as non-banking finance
companies (NBFCs).
2. The Housing Finance Companies in
India are regulated by the Reserve
bank of India(RBI).
Select the correct answer using the
codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q7. Which of the following statement(s)
is/are correct about the inter-creditor
Agreement (ICA) which was in news
recently?
(a) The inter-creditor agreement is
aimed at the resolution of loan
accounts with a size of 50 crores and
above that are under the control of a
group of lenders.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(b) It is part of the “Sashakt” plan
approved by the government to
address the problem of resolving bad
loans.
(c) The agreement is based on a
recommendation by the Sunil Mehta
committee that looked into
resolution of stressed assets.
(d) All the above.
Q8. A high level committee appointed to
review the economic capital framework of
the RBI failed to arrive at a consensus during
a meeting held recently, leading to a delay in
finalising its report. With reference to this
identify which of the following statement(s)
is/are correct?
1. The high-level committee is headed
by Bimal Jalan for examining the
Economic Capital Framework (ECF).
2. ECF refers to the policy which
determine the appropriate levels of
reserve the central bank should hold
and the surplus distribution to the
government.
Select the correct answer using the
codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q9. The 20th meeting of the Financial
Stability and Development Council(FSDC)
took place recently. With reference to this
identify which of the following statement(s)
is/are correct about the FSDC?
1. The FSDC is a Statutory Regulatory
body established in 2012.
2. The idea to create such a super
regulatory body was first mooted by
the Raghuram Rajan Committee in
2008.
3. The FSDC is chaired by the Governor
of the Reserve Bank of India (RBl).
Select the correct answer using the codes
given below:
(a) 2 only
(b) 2 and 3 only
(c) 1, 2 and 3 only
(d) None of the above
Q10. Which among the following
products/commodities have been awarded a
geographical indication (GI) tag in India?
1. Darjeeling Tea
2. Kacch Shawls
3. Mysore Silk
4. Kolhapuri Chappals
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q11. Consider the following statements
about the Cess:
1. A cess is levied on the tax payable
and not on the taxable income.
2. The proceeds of all cesses are not
credited in the Consolidated Fund of
India (CFI), an account of the
Government of India.
3. A cess can be levied only on direct
taxes.
4. A cess is levied to meet a specific
purpose and its proceeds cannot be
spent on any other kind of
government expenditure.
Which of the above statement(s) is/are
correct?
(a) 1 and 4 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 3 and 4 only
Q12. Which of the following statement(s)
is/are correct about the National Anti-
Profiteering Authority (NAA)?
1. NAA is a permanent statutory body
established under section 171 of the
Central Goods and Services Tax Act,
2017.
2. It is an institutional mechanism
under which aims to check the unfair
profit-making activities by the
trading community.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q13. Which of the following statement(s)
is/are correct about the recently launched
“Complaint Management System (CMS)” of
RBI?
1. It is a software application to
facilitate RBI’s grievance
redressal processes and public
can access the CMS portal at
RBI’s website to lodge their
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complaints against any of the
entities regulated by RBI.
2. The CMS also has facilities for
RBI officials handling the
complaints to track the progress
of redressal.
Select the correct answer using the
codes given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q14. Which of the following statement(s)
is/are correct with regard to the enactment
of budget in the Parliament?
1. No demand for a grant shall be made
except on the recommendation of
the President.
2. No money shall be withdrawn from
the Consolidated Fund of India
except under appropriation made by
law.
3. No money bill imposing tax shall be
introduced in the Parliament except
on the recommendation of the
President, and such a bill shall not be
introduced in the Rajya Sabha.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q15. Consider the following statement(s)
about the Rashtriya Vayoshri Yojana (RVY):
1. The scheme aims to provide financial
assistance to the elderly, widows
and persons with disabilities in the
form of social pensions.
2. This is a Central Sector Scheme, fully
funded by the Central Government.
3. The expenditure for implementation
of the scheme will be met from the
"Senior Citizens' Welfare Fund".
Which of the above statement(s) is/are
correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q16. An “Inverted duty structure” often seen
in news refers to which of the following?
(a) Imposing higher import duties to
counter dumping.
(b) A structure where duties imposed on
goods of one country are reversed
for the same goods of another
country
(c) A scenario where imported raw
material has higher duties than
imported finished goods.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(d) Cheaper goods becoming more
expensive due to higher duties
Q17. Which of the following statement(s)
is/are correct about the ‘Scheme for Trans-
Disciplinary Research for India’s Developing
Economy’ (STRIDE)?
1. It was launched by the Ministry of
Culture in Collaboration with the
World bank.
2. STRIDE will provide support to
research projects that are socially
relevant, locally need-based,
nationally important and globally
significant.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q18. Consider the following statements
about the Regulatory Consistency
Assessment Programme (RCAP):
1. RCAP was established by the Basel
Committee in 2011 which aims to
ensure that each member
jurisdiction adopts the Basel
Framework in a manner consistent
with the Framework’s letter and
spirit.
2. According to the latest assessment
conducted by the RCAP India's large
exposures regulations are not in
Compliance with the Basel
framework.
Which of the above statements is/are
correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q19. Which of the following is/are among
the differences between the Non-Banking
Financial Companies (NBFCs) and Scheduled
Commercial Banks?
1. NBFC can accept demand deposit
but not Time deposits.
2. NBFCs do not form part of the
payment and settlement system and
cannot issue cheques drawn on itself
3. Deposit insurance facility of Deposit
Insurance and Credit Guarantee
Corporation is not available to
depositors of NBFCs, unlike in case
of banks.
Which of the above statement(s) is/are
correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Q20. Recently, the Reserve Bank of India
(RBI) has constituted a working group to
review the regulatory guidelines and
supervisory framework applicable for core
investment companies (CIC), with reference
to this identify the Working Group is headed
by who among the following?
(a) Tapan ray
(b) Amarjeet Singh
(c) N S Venkatesh
(d) H K Jena
Q21. Recently, the government of India
announced its plans to raise a portion of its
gross borrowing from overseas markets
through Overseas Sovereign Bonds. With
reference to this identify which of the
following statement(s) is/are correct?
(a) Overseas Sovereign Bonds are
government debt securities issued in
overseas markets in foreign currency
denominations such as dollars, euros
and yen.
(b) Huge amount of government
borrowing from Overseas may lead
to the crowding out effect in an
economy.
(c) Both A and B
(d) Neither A nor B
Q22. Which of the following statement(s)
is/are correct about Minimum Support
Prices(MSPs)?
(a) Minimum Support Price (MSP) is a
form of market intervention by the
Government of India to insure
agricultural producers against any
sharp fall in farm prices
(b) The MSPs are announced by the
Government of India based on the
recommendations of Cabinet
Committee on Economic Affairs.
(c) Both A and B
(d) Neither A nor B
Q23. Which of the following statement(s)
is/are correct about the Code on Wages,
2019?
1. Under the code the central
government will make all kind of
wage-related decisions and fixes the
minimum wages for all kind of
employments.
2. The Code prohibits gender
discrimination in matters related to
wages and recruitment of employees
for the same work or work of similar
nature.
3. Under the code the central and state
governments will constitute advisory
boards which will advise the
respective governments on various.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(d) 1, 2 and 3
Q24. Recently, July 19, 2019 marked 50 years
of nationalization of 14 commercial banks in
India by the Indira Gandhi government. With
reference to this identify which of the
following statement(s) is/are correct?
1. The Nationalisation of 14
commercial banks in 1969 was the
first time nationalisation of banks
took place in India since
Independence.
2. In 1980, the government
nationalized 6 more banks.
3. Lack of financial inclusion was one of
the major reasons for the
Nationalization of banks
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q25. Which of the following committees
were set up to examine the Economic Capital
Framework or the ideal size of RBI’s reserves
in the past?
1. Bimal Jalan
2. V Subrahmanyam.
3. Usha Thorat
4. Y H Malegam
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q26. Which of the following is/are the
Money Market Instruments?
1. T-Bills
2. Commercial Paper
3. Equities
4. Debentures
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q27. Which of the following statement(s)
is/are correct about the Merchant Discount
Rate (MDR) which was in news recently?
1. It is a bill of exchange issued by a
commercial organization to raise
money for short-term needs.
2. It is also referred to as the
‘Transaction Discount Rate’ or TDR.
Select the correct answer using the codes
given below:
(a) 1 only
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(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q28. Which of the following statement(s)
is/are correct about the Merchant Discount
Rate (MDR) which was in news recently?
1. It is a bill of exchange issued by a
commercial organization to raise
money for short-term needs.
2. It is also referred to as the
‘Transaction Discount Rate’ or
TDR.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor
Q29. Which of the following statement(s)
is/are correct about Utkarsh 2022?
1. It is a three-year road map of RBI to
improve regulation, supervision and
other functions of the central bank.
2. This is a medium term strategy in
line with the global central banks.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q30. Which of the following statement(s)
is/are correct about Trade War?
1. A trade war happens when one
country retaliates against another by
raising import tariffs or placing other
restrictions on the opposing
country's imports.
2. Trade wars are a side effect of
protectionism, which are
government actions and policies that
restrict international trade
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q31. Which of the following statement(s)
is/are Incorrect about Development Banks?
1. Development banks are financial
institutions that provide long-term
credit for capital-intensive
investments spread over a long
period and yielding low rates of
return.
2. Development banks usually obtain
finances by issuing long-dated
securities in capital market,
subscribed by long-term savings
institutions such as pension and life
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
insurance funds and post office
deposits.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q32. Which of the following statement(s)
is/are correct about the Monetary Policy
Committee(MPC)?
1. It is a committee of the Reserve Bank
of India, headed by the Governor.
2. The MPC is entrusted with the task
of fixing the benchmark policy
interest rate (repo rate) to contain
inflation within the specified target
level.
3. The MPC takes decisions based on
majority vote (by those who are
present and voting).
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q33. Which of the following statement(s)
is/are correct about the Off-Budget
Financing?
1. It refers to the capital and planned
expenditure made out of Budget
every year.
2. Creation of a special purpose vehicle
(SPV) for financing construction
activities through borrowings by SPV
is an example of Off-Budget
Financing.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q34. Which of the following statement(s)
is/are correct about the Negative interest
rate policy?
1. A negative interest rate policy (NIRP)
is an unconventional monetary
policy tool employed by a central
bank whereby target interest rates
are set with a negative value.
2. Negative Interest rate policy are
majorly adapted by the central banks
to control inflation and reduce the
demand and consumption in the
domestic market.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(d) Neither 1 nor 2
Q35. Consider the following statements
about the Consumer Price Index (CPI):
1. CPI is an index that measures and
tracks the changes in the price of
goods in the stages before the retail
level.
2. It is calculated by taking price
changes for each item in the
predetermined basket of goods and
averaging them.
3. Changes in the CPI are used to assess
price changes associated with the
cost of living.
Which of the above statement(s) is/are
correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q36. Which of the following is/are can be
considered as the major reason(s) behind
the falling deposits rates in the past few
months?
1. RBI's has been reducing its monetary
policy rates in the recent months.
2. Many banks have now started to link
deposit rates to RBI’s repo rate.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q37. Which of the following statement(s)
is/are correct about the Parker Solar Probe?
1. It is a NASA’s robotic spacecraft, with
the mission of probing and making
observations on the outer corona of
the Sun.
2. It aims is to trace how energy and
heat move through the Sun’s corona
and to study the source of the solar
wind’s acceleration.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q38. Who among the following chairs the
Cabinet Committee on Economic Affairs?
(a) Minister of Finance
(b) Chief Economic Advisor
(c) Prime Minister
(d) Minister of State for Finance
Q39. Which of the following statement(s)
is/are correct about the Global Innovation
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Index (GII), 2019 which was released
recently?
(a) The GII is a global benchmark that
helps policy makers better
understand how to stimulate and
measure innovative activity, a main
driver of economic and social
development.
(b) The GII is published annually by the
World Economic Forum(WEF)
(c) According to the 2019 edition of the
GII Israel is the world’s most-
innovative country.
(d) All the above
Q40. Recently, the Securities and Exchange
Board of India (SEBI) has relaxed the
regulatory and compliance framework for
foreign portfolio investors (FPIs). With
reference to this identify which of the
following statement(s) is/are correct about
FPIs?
1. Foreign portfolio investment (FPI)
consists of securities and other
financial assets held by investors in
another country.
2. The FPIs provide the investor with
direct ownership of a company's
assets.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q41. The Union Cabinet recently decided to
further liberalize foreign direct investment
(FDI) rules in India. With reference to this
identify which of the following statement(s)
is/are correct?
1. The government approved 100%
foreign direct investment (FDI) under
automatic route in digital media.
2. To boost domestic manufacturing,
100% FDI in contract manufacturing
under automatic route has been
allowed.
3. On FDI in single brand retail trade
(SBRT), the Cabinet has expanded the
definition of mandatory 30%
domestic sourcing norm.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q42. Which of the following were the major
central taxes subsumed by the Goods and
Services Tax (GST)?
1. Service Tax
2. Additional Customs Duty commonly
known as Countervailing Duty
3. Entertainment Tax
4. Luxury tax
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q43. Which of the following statement(s)
is/are correct about the “Advisory Board for
Banking Frauds” (ABBF) which was recently
constituted?
1. The ABBF has been set up by the RBI
based on the recommendation of
the Urjit Patel Committee to conduct
investigations on banking fraud.
2. State-run banks will now need to
report all cases of large frauds to
ABBF.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q44. Recently, the US officially labelled China
a ‘currency manipulator ‘. With reference to
this identify which of the following
statement(s) is/are Incorrect?
1. Currency manipulator" is a
designation applied by the United
States Department of the Treasury, to
countries that engage in a certain
degree of currency intervention.
2. The label was given to China because
China has a long history of facilitating
an undervalued currency through
protracted, large-scale intervention
in the foreign exchange market
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q45. Recently, the Reserve Bank of India
shared the report of an Internal Working
Group (IWG), which examined the Economic
impact of farm loan waivers. With reference
to this identify which of the following
statement(s) is/are correct about Farm Loan
Waivers in India?
1. In the Indian Economy, Farm Loan
Waivers are a recent phenomenon,
occurring especially after
consecutive droughts since 2014-15.
2. A farm loan waiver by the
government implies that the
government settles the private debt
that a farmer owes to a bank.
3. The economic benefit of loan waiver
on households can only be realized if
credit allocation to beneficiary
households is not impacted.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q46. Which of the following statement(s)
is/are correct about the recent RBI decision
on Monetary Transmission?
1. The Reserve Bank of India (RBI) has
made it mandatory for banks to link
all floating personal or retail loans to
external benchmark from October 1.
2. External Benchmark of RBI refers to
the interest rate that banks usually
decides on loans given which
depends on various factors such as
fixed deposit rates, source of funds
and savings rate.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q47. Consider the following statements
about the recently issued ordinance by the
Government of India on Corporate Tax Cuts
and related initiatives:
1. The government has slashed the
corporate income tax rate from 40
percent to 30 percent for all
companies, including foreign
companies.
2. For companies who continue to avail
exemptions/incentives, the rate of
minimum alternate tax (MAT) has
been reduced from 18.5 percent to
15 percent.
3. A higher surcharge, announced in
the Budget in July, will now not be
applicable to capital gains on sale of
equity made by foreign portfolio
investors (FPIs) as well as individuals
and other classes of investors.
Which of the above statement(s) is/are
correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q48. According to the recent reports, the
GDP growth rate of the Indian economy has
slipped to 5 per cent in the first quarter of
FY20. With reference to this identify which
of the following are the major factor
contributing to India's Slowing Domestic
Demand?
1. Weak growth in rural and urban
income
2. The troubles in the auto segment
3. High Unemployment Rate
4. China's Currency Manipulation
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1, 2 and 3 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4
Q49. Which of the following statement(s)
is/are correct about the RBI Clampdown on
Punjab and Maharashtra Co-operative
(PMC)?
1. The RBI has imposed restrictions on
Punjab and Maharashtra
Cooperative Bank Limited, and
depositors will be not be allowed to
withdraw over 1,000 from the bank.
2. PMC also without prior approval in
writing from the RBI, will not be able
to grant or renew any loans and
advances.
3. The Directions were issued under
Section 35A of the Banking
Regulation Act, 1949 and shall
remain in force for a period of six
months.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q50. Which of the following statement(s)
is/are correct about the Secondary Market
for Corporate Loans in India?
1. The secondary market for loans can
be an important mechanism for
credit intermediaries to manage
credit risk and liquidity risk on their
balance-sheets, especially for
distressed assets.
2. The secondary loan market in India is
largely restricted to sale to asset
reconstruction companies and ad
hoc sale to other lenders including
banks.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q51. Recently, the Securities and Exchange
Board of India (SEBI) constituted a working
group on Social Stock Exchanges (SSE). With
reference to this identify which of the
following statement(s) is/are correct about
the Social Stock Exchanges (SSE)?
1. A social stock exchange, broadly, is
understood as a platform that allows
investors to buy shares in a Social
enterprise that has been vetted by
the exchange.
2. Currently the Social Stock Exchanges
in India are facing the regulatory
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
challenges and the government has
imposed a prohibition on them.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q52. Which of the following statement(s)
is/are correct about the Angel Tax which was
in news recently?
1. Angel Tax is levied on the companies
which avail exemptions and various
tax incentives.
2. The tax was introduced in the 2012
Union Budget by then finance
minister Pranab Mukherjee to arrest
laundering of funds.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q53. Which of the following statements
is/are correct about the Minimum Alternate
Tax or MAT?
1. MAT is a tax provision reintroduced
in 1997 in an attempt to bring zero-
tax-high-profits companies into the
income tax net
2. Recently, the Finance Minister
Scrapped the MAT for companies
which will be established after 2019,
with an aim to attract investment
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q54. Which of the following statement(s)
is/are correct about The Foreign
Contribution (Regulation) Act, 2010?
1. The Foreign Contribution
(Regulation) Act, 2010 and rules
framed under it (the "FCRA" or
"Act") regulate the receipt and usage
of foreign contribution by non-
governmental organisations
("NGOs") in India.
2. The Regulation of the act falls into
the purview of the Reserve Bank of
India (RBI) as it deals with the
financial legislation.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Q55. Recently, the Central Board of Direct
Taxes (CBDT) said it had entered into 26
advance pricing agreements (APAs) in the
first five months of the current financial
year. With reference to this identify which of
the following statement(s) is/are correct
about APAs?
1. An advance pricing agreement (APA)
is an ahead-of-time agreement
between a taxpayer and a tax
authority on an appropriate transfer
pricing methodology for a set of
transactions at issue over a fixed
period of time.
2. The progress of the APA scheme
strengthens the Government’s
resolve of fostering a non-adversarial
tax regime.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q56. Which of the following statement(s)
is/are correct about the Market Intervention
Price Scheme (MIS) which was in news
recently?
1. MIS is a price support mechanism
implemented on the request of State
Governments for procurement of
perishable and horticultural
commodities in the event of a fall in
market prices.
2. Market Intervention Scheme works
in a similar fashion to Minimum
Support Price based procurement
mechanism for food grains, but is an
adhoc mechanism.
3. Food Corporation of India(FCI) is the
Nodal Agency for the procurement
under the MIS
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q57. Recently, the Reserve Bank of India
(RBI) released the final ‘enabling framework
for regulatory sandbox,’. With reference to
this identify which of the following
statement(s) is/are correct?
1. The framework will likely be a
positive step for financial technology
start-ups and companies looking to
innovate in the fast changing and
highly regulated sector.
2. The regulatory sandbox allows live
testing of new products or services
in a controlled or test regulatory
environment.
3. The focus of the RS (regulatory
sandbox) initially would be narrow in
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
terms of areas of innovation, and
limited in terms of intake.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q58. Recently, a government-appointed task
force submitted its report on the new Direct
Tax Code, which seeks to replace the existing
Income Tax Act, the task was headed by
which of the following dignitary?
(a) Akhilesh Ranjan
(b) Urjit Patel
(c) M Sathiyavathy
(d) Kishore Tiwari
Q59. Which of the following statements
is/are correct about the Central Board of
Direct Taxes (CBDT)?
1. It is a constitutional authority
functioning under the Ministry of
Trade and Commerce.
2. CBDT provides essential inputs for
policy and planning of direct taxes in
India, at the same time it is also
responsible for administration of
direct tax laws through the Income
Tax Department.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q60. Which of the following statements
is/are Incorrect about a Bond?
(a) A bond is an instrument to borrow
money and a bond could be
floated/issued by a country’s
government or by a company to
raise funds.
(b) The government bonds come with
the sovereign’s guarantee and are
considered one of the safest
investments.
(c) The yield of a bond is the effective
rate of return that it earns and this
rate of return is not fixed, as it
changes with the price of the bond.
(d) None of the above
Q61. Which of the following statements
is/are correct about the Pricing policy for
sugarcane in India?
1. The pricing of sugarcane is governed
by the statutory provisions of the
Sugarcane (Control) Order, 1966
issued under the Essential
Commodities Act (ECA), 1955.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
2. Currently, the Central Government
fixes the Statutory Minimum Price
(SMP) of sugarcane and farmers are
entitled to share profits of a sugar
mill on 50:50 basis.
3. State governments also announce a
price called the State Advisory Price
(SAP) for Sugarcane.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q62. Recently, the Government removed
Debenture Redemption Reserve requirement
for Listed Companies, NBFCs and HFCs. With
reference to this identify which of the
following statement(s) is/are Incorrect?
A. The move will help in reducing the
cost of the capital raised by
companies through issue of
debentures and is expected to
significantly deepen the Bond
Market.
B. The rules, while retaining DRR
requirement for Unlisted Companies,
provide for reduction from a DRR of
25% to a DRR of 10% for such
companies, so as to safeguard
interests of investors.
C. Both A and B
D. Neither A nor B
Q63. Which of the following statements
is/are correct about Non-convertible
debentures (NCDs)?
1. Non-convertible debentures (NCDs)
are debt instruments that companies
issue to investors to raise money for
their capital requirements.
2. NCDs regularly pay interest at a fixed
rate for a fixed tenure till maturity.
3. Non-banking financial companies
(NBFC) and Housing finance
companies (HFCs) in India have been
the most frequent issuers of NCDs in
the market.
Select the correct answer using the codes
given below:
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3
Q64. Which of the following statement(S)
is/are correct about the Currency
Manipulation?
1. Currency manipulation is a policy
used by governments and central
banks to artificially lower the value
of their currency to gain an unfair
competitive advantage.
2. Currency manipulation can increase
exports and attract investments and
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
at the same time discourages
imports.
Select the correct answer using the codes
given below:
(e) 1 only
(f) 2 only
(g) Both 1 and 2
(h) Neither 1 nor 2
Q65. Which of the following statements
is/are correct about a cyclical slowdown of
an economy?
1. Cyclical slowdown of an economy is
a deep-rooted phenomenon that
occurs due to a one-off shift from an
existing paradigm.
2. Generally, interim fiscal and
monetary measures, temporary
recapitalization of credit markets,
and need-based regulatory changes
are required to revive the economy
out of Cyclical Slowdown.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q66. Which of the following statements
is/are correct about India Post Payments
Bank?
1. India Post Payments Bank (IPPB) has
been established under the
Department of Posts, Ministry of
Communication with 100% equity
owned by Government of India.
2. IPPB is the single largest platform in
the country for providing
interoperable banking services to the
customers of ANY BANK by
leveraging the last mile
unprecedented reach of the Postal
network.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q67. Which of the following statements
is/are correct about Equalization Levy?
1. It refers to the income tax payable
on capital raised by unlisted
companies via issue of shares where
the share price is seen in excess of
the fair market value of the shares
sold.
2. Equalisation Levy is a direct tax,
which is withheld at the time of
payment by the service recipient.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q68. Which of the following statements
is/are correct about Export Credit Guarantee
Corporation (ECGC)?
1. Export Credit Guarantee Corporation
of India (ECGC) is an Indian
enterprise which is administered by
the Government of India through the
Ministry of Commerce and Industry
2. It is the premier export finance
institution of the country that seeks
to build value by integrating foreign
trade and investment with the
economic rise of India.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q69. The Union government recently
launched the updated Credit linked Capital
Subsidy Scheme (CLCSS) to allow micro,
small and medium enterprises (MSMEs)
access to capital. With reference to this
identify which of the following statement(s)
is/are correct?
1. It is a demand-driven scheme
without any upper limit on overall
annual spending on the subsidy
disbursal.
2. It is a component of Credit Linked
Capital Subsidy and Technology Up-
gradation scheme (CLCS-TUS).
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q70. Which of the following statements
is/are correct about the Special Economic
Zones (Amendment) Bill, 2019?
1. The SEZ (Amendment) Bill 2019
replaced an ordinance of March
2019, which amended the SEZ Act of
2005.
2. The SEZ bill prohibits the trusts in
India to set up units in special
economic zones (SEZs).
3. The SEZs are major export hubs in
India as the government provides
several incentives and single-window
clearance system and these are
treated as foreign entities in terms
of customs rules.
Select the correct answer using the codes
given below:
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(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q71. Which of the following statements
is/are correct about the Financial Stability
and Development Council(FSDC)?
1. It is an apex-level body constituted
by the government of India
constituted deal with macro
prudential and financial regularities
in the entire financial sector of India.
2. FSDC is responsible for fixing the
benchmark interest rate in India.
3. The idea to create FSDC was first
mooted by the Raghuram Rajan
Committee in 2008.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q72. Which of the following are among the
major recommendations of Nandan Nilekani
Panel on Deepening digital payments?
1. The report has made policy
recommendations to all major
regulators such as RBI, SEBI, IRDAI
and DoT with the objective to reduce
cash based payments.
2. The Committee recommends the
government to set up special risk
mitigation and complaint registering
digital portals
3. The committee has RBI to set an
interchange rate for transaction
between customers and leave the
MDR on competitive market pricing
which would reduce the transaction
cost for customers.
4. The committee recommends the
operationalization of the FINCERT for
oversight, and monitoring security of
the digital payment systems.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q73. Which of the following statements
is/are correct about Exclusive Economic Zone
(EEZ)?
1. An exclusive economic zone (EEZ) is
a sea zone prescribed by the 1982
United Nations Convention on the
Law of the Sea(UNCLOS).
2. It stretches from the baseline of a
country out to 12 nautical miles
(nmi) from its coast.
3. EEZ confers full sovereignty to a
country over the waters and The
coastal state is free to set laws,
regulate use, and use any resource.
Select the correct answer using the codes
given below:
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(a) 1 only
(b) 1 and 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q74. Which of the following statements
is/are correct about Most Favored Nation
(MFN) status?
1. Every WTO member nation usually
grants MFN status to all other
members, in effect promising that
everyone will receive equitable
treatment from it.
2. The primary condition under MFN is
that a country must charge the same
tariff rate on imports irrespective of
their origin.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q75. Financial performance and operational
efficiency of banks is objectively reflected in
their annual financial statements. With
reference to this identify which of the
following measures are taken for effective
Performance Evaluation of PSBS?
1. Public Sector Banks (PSBs) are
required to have their annual
financial statements approved by
their respective Board of Directors.
2. Banks are required to transparently
disclose their annual financial
statements to stock exchanges
3. Banks have to furnish a copy of AFS
to the Reserve Bank of India (RBI).
4. Banks have to present these at the
annual general meeting of their
shareholders for approval and
adoption after discussion.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q76. As per the Reserve Bank of India (RBI)
data on global operations, aggregate gross
advances of Public Sector Banks (PSBs)
increased more than 25% from 2008 to
2014. As per RBI inputs, the primary reasons
for spurt in stressed assets have been
observed to be which of the following?
1. Wilful default / loan frauds /
corruption in some cases
2. Aggressive lending practices of banks
3. Economic Slowdown
4. CAR norms which mandates Indian
banks to maintain a CAR of 9% under
Basel Norms.
Select the correct answer using the codes
given below:
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q77. Which of the following measures have
been taken by the government of India to
expedite and enable resolution of NPAs of
PSBs?
(a) The Insolvency and Bankruptcy
Code, 2016 (IBC) has been enacted,
which has provided for the taking
over management of the affairs of
the corporate debtor at the outset of
the corporate insolvency resolution
process.
(b) SARFAESI Act has been amended to
make it more effective, with
provision for three months’
imprisonment in case the borrower
does not provide asset details and
for the lender to get possession of
mortgaged property within 30 days.
(c) Under the PSB Reforms Agenda,
PSBs have created Stressed Asset
Management Verticals to focus
attention on recovery, segregated
monitoring from sanctioning roles in
high-value loans, and entrusted
monitoring of loan accounts.
(d) All the above
Q78. Which of the following statement is/are
correct about Foreign Direct Investment?
(a) FDI is a major driver of economic
growth and a source of non-debt
finance for the economic
development of the country.
(b) India received the highest ever FDI
for any financial year in 2018-19.
(c) As per UNCTAD's World Investment
Report 2019, global foreign direct
investment (FDI) flows slid by 13% in
2018, to US $1.3 trillion from US $1.5
trillion the previous year.
(d) All the above
Q79. Which of the following statements
is/are correct about Priority Sector Lending?
1. Priority Sector Lending are targets
given by the government to the
Public Sector Banks for providing a
specified portion of the bank lending
to few specific sectors.
2. Bank credit to registered NBFCs for
on-lending is eligible for
classification as priority sector under
respective categories.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Q80. Which of the following statements
is/are correct about Regional Rural
Banks(RRBs)?
1. RRBs are Indian Scheduled
Commercial Banks operating at
regional level and created with a
view of serving primarily the rural
areas of India with basic banking and
financial services.
2. At present, the central government
and respective state governments
holds 50:50% stake in RRBs.
3. NABARD is responsible for regulating
and supervising the functions of
RRBs in India.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q81. The share of atomic energy in the total
electricity generation in India has remained
around 3% for many years and the major
reason for low share has been the low
installed capacity base. With reference to
this identify which of the following is/are
reasons for low capacity base?
1. Technology development and
international embargo regime that
persisted from 1974 to 2008.
2. Lack of availability of financial
resources in the first two decades as
India had to solely depend on
budgetary support.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q82. Which of the following statements
is/are correct about the current Foreign
Direct Investment policy of Government of
India on Defence Sector?
1. FDI is allowed under automatic route
up to 49% and beyond 49% through
Government route wherever it is
likely to result in access to modern
technology or for other reasons to
be recorded.
2. The FDI Policy provides that 30% of
value of Products and equipments
has to be procured from India if the
Defence entity has FDI more than
51%.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Q83. Which of the following statements
is/are correct about Dairy Industry in India?
1. Indian cattle and buffaloes have
among the lowest productivity in the
world.
2. As per Goods and Services Tax Act
2017, the dairy products are exempt
from current GST.
3. To improve low productivity of
indigenous bovine breeds,
government has been implementing
Rashtriya Gokul Mission with aim of
development and conservation of
indigenous bovine breeds.
Select the correct answer using the codes
given below:
(a) 3 only
(b) 1 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3
Q84. Which of the following statements
is/are correct about the Occupational Safety,
Health and Working Conditions Code, 2019?
1. The Code applies to all
establishments and apprentices
registered under the Factories Act.
2. The Code repeals and replaces 13
labour laws relating to safety, health
and working conditions.
3. The code proposes that the central
and state governments will set up
Occupational Safety and Health
Advisory Boards at the national and
state level, respectively.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q85. Which of the following are among the
various measures taken by the government
of India to stabilize the prices of essential
food items?
1. Implementing Price Stabilization
Fund (PSF) to help moderate the
volatility in prices of agri-
horticultural commodities like
pulses, onion, and potato.
2. Promulgation of appropriate
Minimum Support Prices to
incentivize farmers for increasing
production.
3. Utilizing Trade and fiscal policy
instruments like import duty and
export management through
instruments like Minimum Export
Price, export restrictions, etc. to
regulate domestic availability and
moderate prices
4. Imposition of stock limits and
advising States for effective action
against hoarders & black marketers
Select the correct answer using the codes
given below:
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q86. Which of the following statements
is/are correct about the Dispute Settlement
Mechanism of the World Trade
Organization(WTO)?
1. Settling disputes is the responsibility
of the Dispute Settlement Body (the
General Council in another guise),
which consists of all WTO members.
2. Under the WTO rules of Dispute
Settlement rulings could only be
adopted by consensus, meaning that
a single objection could block the
ruling.
3. The WTO dispute Settlement
mechanism is based on the
provisions which exists under the
General Agreement on Tariffs and
Trade(GATT).
Select the correct answer using the codes
given below:
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q87. Which of the following statements
is/are correct about Payments banks?
1. Payments banks is a new model of
banks conceptualised by the Reserve
Bank of India (RBI).
2. Payments banks can accept a
restricted deposit, which is currently
limited to 100,000 per customer and
may be increased further.
3. Payment banks can also issue loans
and credit cards upto to 100,000 per
customer.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q88. Which of the following statements
is/are correct about Capital Adequacy Ratio
(CAR)?
1. It is the amount that banks have to
maintain in the form of their own
funds to offset any loss that banks
incur if the account-holders fail to
repay dues.
2. CAR is decided by each individual
bank.
3. The capital adequacy ratio is
calculated by dividing a bank's
capital by its risk-weighted assets.
Select the correct answer using the codes
given below:
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q89. Which of the following statements
is/are correct about Price Stabilization Fund?
1. It was set up to help regulate the
price volatility of important agri-
horticultural commodities like onion,
potatoes and pulses were also added
subsequently.
2. The scheme provides for maintaining
a strategic buffer of agri-horticultural
commodities for subsequent
calibrated release to moderate price
volatility and discourage hoarding
and unscrupulous speculation.
3. Under PSF scheme Minimum
Support Prices are also fixed by
Government of India to protect the
producer - farmers - against
excessive fall in price during bumper
production years.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Q90. Which of the following components
forms a part of India’s Forex Reserves?
1. Foreign exchange assets (FCA)
2. Gold Reserves
3. SDRs (Special Drawing Rights with
the IMF)
4. Reserve position in IMF
Select the correct answer using the codes
given below:
(a) only
(b) 1 and 2 only
(c) 1, 2 and 3 only
(d) 1, 2, 3 and 4
Q91. Which of the following statements
is/are correct about Stagflation?
1. Stagflation is a situation in an
economy when inflation and
unemployment both are at higher
levels, contrary to conventional
belief.
2. Stagflation is basically a combination
of high inflation and low growth.
3. Stagflation excludes the inflation of
items such as vegetables whose
prices are too volatile.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Q92. Which of the following statements
is/are correct about the National Agriculture
Market (eNAM)?
1. It is a Pan-India electronic trading
portal which networks the existing
APMC mandis to create a unified
national market for agricultural
commodities.
2. Small Farmers Agribusiness
Consortium (SFAC) is the lead agency
for implementing eNAM under the
aegis of Ministry of Agriculture and
Farmers’ Welfare, Government of
India.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q93. There are multi-dimensional effects of
inflation on an economy both at the micro
and macro levels. With reference to this
identify which of the following statements
is/are correct?
1. Borrowers suffer and lenders benefit
out of inflation.
2. Inflation gives an economy the
advantage of lower imports and
import-substitution as foreign goods
become costlier.
3. Inflation increases employment in
the short-run, but becomes neutral
or even negative in the long run
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q94. Which of the following statements
is/are correct about the National
Infrastructure Pipeline (NIP)?
(a) It has been launched to augment the
government of India's aim of
achieving $5 trillion economy by
2024-25.
(b) The NIP solely aims at unlocking the
potential of waterways and the
coastline to minimize infrastructural
investments required to meet these
targets.
(c) Projects under the NIP will be
funded by the Asian Development
Bank's (ADB).
(d) All the above
Q95. With reference to the Merchant
Discount Rate, which of the following
statements is/are correct?
1. It is a fee charged from a merchant
by a bank for accepting payments
from customers through credit and
debit cards in their establishments.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
2. MDR charges are usually shared in
pre-agreed proportion between the
bank and a merchant and is
expressed in percentage of
transaction amount.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q96. Which of the following statement
correctly describes the Marginal Standing
Facility (MSF) rate?
(a) It refers to the rate at which the
scheduled banks can borrow funds
overnight from RBI against
government securities.
(b) It is the rate at which the RBI lends
funds to commercial banks and
other financial institutions for a
period less than a year.
(c) It refers to the official interest rate
at which RBI will provide long term
loans to the commercial banks and
other financial institutions in India
(d) It refers to the minimum lending rate
below which a bank is not permitted
to lend.
Q97. Which of the following statements
is/are correct about the Small Finance
Banks(SFBs)?
1. Small Finance Banks is a specific
segment of banking created by RBI
under the guidance of Government
of India with an objective of
furthering financial inclusion.
2. Small Finance Banks can indulge in
lending but cannot accept demand
deposits.
3. SFBs are subject to all prudential
norms and regulations of RBI as
applicable to existing commercial
banks like maintenance of Cash
Reserve Ratio (CRR) and Statutory
Liquidity Ratio (SLR).
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q98. With reference to the Operation Twist
conducted by the Reserve Bank of India(RBI)
recently, consider the following statements:
1. Under Operation Twist the RBI
conducted simultaneous purchase
and sale of government securities
under Open Market Operations
(OMO).
2. The tool essentially aims at changing
the shape of the yield curve through
simultaneous buying and selling of
long- and short-term government
bonds.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Which of the above statements is/are
correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2 only
(d) Neither 1 nor 2
Q99. Which of the following statements
is/are correct about the Mineral Laws
(Amendment) Ordinance 2020 which was
approved by the Union Cabinet recently?
1. It was promulgated to amend the
Coal Mines (Special Provisions) Act,
2015, as well as the Mines and
Minerals (Development and
Regulation) Act, 1957.
2. The ordinance allows only public
sector undertakings(PSUs) to bid and
develop coal blocks in India.
3. The ordinance puts an end to captive
coal block auctions in future.
Select the correct answer using the codes
given below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q100. The Mission PURVODAYA which was
launched recently by the Union Government,
is aimed at
(a) Accelerated development of eastern
India through integrated steel hub in
Kolkata, West Bengal.
(b) Social Infrastructure Development
relating to education and health
sectors in Eastern States.
(c) Bringing relevant technologies
developed by the academic,
scientific and research institutions to
the artisans and farmers especially
women in North eastern region.
(d) All the above
Q101. The Open Acreage Licensing Policy
(OALP) which sometimes appears in the
media is related to which of the following
sector?
(a) Hydrocarbon Exploration
(b) Telecom Sector
(c) Agriculture Sector
(d) Automobile Sector
Q102. In the context of Convertible
Debentures, consider the following
statements:
1. A convertible debenture is a type of
long-term debt issued by a company
that can be converted into stock
after a specified period.
2. Convertible debentures are usually
secured bonds with the underlying
collateral connected to the debt.
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Which of the above statements is/are
correct?
(e) 1 only
(f) 2 only
(g) Both 1 and 2
(h) Neither 1 nor 2
Q103. Consider the following statements
about the Foreign Portfolio Investment
(FPI):
1. It refers to the investment by non-
residents in Indian securities
including shares, government bonds,
corporate bonds, convertible
securities, infrastructure securities
etc.
2. FPIs are not allowed to invest in
unlisted shares and investment in
unlisted entities will be treated as
FDI.
Which of the above statements is/are
Incorrect?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q104. In the context of the 'Non Performing
Assets' in India, consider the following
statements:
1. A non-performing asset (NPA) is a
loan or advance for which the
principal or interest payment
remained overdue for a period of 90
days.
2. Banks are required to classify NPAs
further into Substandard, Doubtful
and Loss assets.
3. The Insolvency and Bankruptcy Code
(IBC) is one of the major reason
behind increasing number of NPAs in
India.
Which of the above statements is/are
correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q105. Which of the following statements
is/are correct about Internet intermediary
companies?
1. Internet intermediary refers to a
company that facilitates the use of
the Internet which include internet
service providers, search engines
and social media platforms.
2. In India, the Information Technology
Act of 2000 protects online
intermediaries from liability for
criminally defamatory content
published in them by third parties.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
Q106. Recently, the Ministry of Commerce
and Industry notified the setting up of the
first ever Special Economic Zone (SEZ) in
Tripura. With reference to this identify which
of the following statements is/are Incorrect?
1. Special economic zones (SEZs) in
India are areas that are established
under WTO's General Agreement on
Tariffs and Trade and offer
incentives to foreign business.
2. SEZs typically offer competitive
infrastructure, duty free exports, tax
incentives, and other measures
designed to make it easier to
conduct business
3. The SEZ in Tripura will be a Sector
Specific Economic Zone for Agro-
Based Food Processing.
Select the correct answer using the codes
given below:
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Q107. With reference to the National
Company Law Tribunal (NCLT), which of the
following statements is Incorrect?
(a) The National Company Law Tribunal
is a quasi-judicial body in India that
adjudicates issues relating to Indian
companies.
(b) The tribunal was established under
the Companies Act 2013 and is
based on the recommendation of
the Justice Jain committee.
(c) The NCLT is also the adjudicating
authority for insolvency resolution
process of companies and limited
liability partnerships under the
Insolvency and Bankruptcy Code,
2016.
(d) Decisions of the tribunal can only be
appealed to the Supreme Court of
India on a point of law.
Q108. With reference to the Fiscal Deficit,
which of the following statement is
Incorrect?
(a) It is the difference between all
receipts and expenses in both
revenue and capital account of the
government.
(b) It is calculated both in absolute
terms and also as a percentage of
the Gross Domestic Product (GDP) of
the country.
(c) It is an indication of the total
borrowings needed by the
government.
(d) All the above
Q109. The Ministry of Statistics and
Programme Implementation (MoSPI)
recently constituted a broad-based 28-
member “Standing Committee on Economic
Statistics” (SCES). With reference to this
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Chahal Academy - B-7, Lower Ground floor, Apsara Arcade Near Karol Bagh Metro Gate No.7, Karol Bagh, New Delhi. Contact Number- 9821553677. Website - www.chahalacademy.com Branches- New Delhi | Mumbai | Kolkata | Ahmedabad | Anand | Bhilai | Bhubaneswar | Chandigarh | Dehradun | Kanpur | Mehsana | Lucknow | Patna | Raipur | Ranchi | Rajkot | Surat | Vadodara.
identify, the SCES is headed by who among
the following?
(a) CP Chandrasekhar
(b) Hema Swaminathan
(c) Jeemol Unni
(d) Pronab Sen
Q110. With reference to the Controller
General of Accounts (CGA) in India, consider
the following statements:
1. It is the Principal Accounting Adviser
to Government of India and is
responsible for establishing and
maintaining a technically sound
Management Accounting System.
2. He is the guardian of the public
purse and controls the entire
financial system of the country at
both the levels—the Centre and the
state.
Which of the above statements is/are
correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q111. With reference to the Accessible India
campaign, consider the following
st