Q1. A pan-Indian “Financial Literacy and Inclusion survey” conducted by the Reserve Bank of India (RBI). Which of the one is not part of three criteria used to base the poll?
(a) Financial Knowledge
(b) Attitude
(c) Financial Literacy
(d) Behavior
(e) None of the above
Q2. The National Payments Corporation of India has extended the deadline for payment aggregators to meet the guidelines on volumes of UPI (Unified Payments Interface) transactions till which period of time?
(a) December 31, 2024
(b) April 1, 2022
(c) March 31, 2027
(d) August 1, 2023
(e) None of the above
Q3. Which of the leading private general insurers of India has announced the launch of its unique health insurance rider ‘Respect Senior Care Rider’?
(a) HDFC Life
(b) Max Healthcare
(c) LIC
(d) Bajaj Allianz General Insurance
(e) None of the above
Q4. As per the Centre for Economics and Business Research (CEBR), India will become the third-largest economy by which of the year?
(a) 2040
(b) 2030
(c) 2027
(d) 2037
(e) None of the above
Q5. To enhance the insurance force in India, the Insurance Regulatory and Development Authority of India (IRDAI) will soon introduce ___________ in each gram panchayat.
(a) Bima Mitras
(b) Bima Agents
(c) Bima Vahaks
(d) Bima Adhikaris
(e) None of the above
Q6. World Bank upgrades India’s GDP growth forecast for 2022-23 to how much percent?
(a) 8.3%
(b) 7.2%
(c) 6.4%
(d) 6.9%
(e) None of the above
Q7. According to the data shared by finance ministry, Goods and Services Tax (GST) collections for the month of November 2022 registered at how much crore? (Approximately)
(a) Rs 1.69 crore
(b) Rs 1.34 crore
(c) Rs 1.21 crore
(d) Rs 1.45 crore
(e) None of the above
Q8. Which of the mutual fund has announced the launch of the fourth tranche of BHARAT Bond ETF – India’s first corporate bond ETF (exchange-traded fund)?
(a) Edelweiss Mutual Fund
(b) IDFC First Mutual Fund
(c) HDFC AMC
(d) SBI Mutual Fund
(e) None of the above
Q9. The Employees State Insurance Corporation (ESIC) can invest up to how much percent of its excess fund into equity after the Centre allowed the body?
(a) 15%
(b) 20%
(c) 5%
(d) 15%
(e) None of the above
Q10. As per the Reserve Bank of India (RBI), all leading banks should issue the locker agreement to its holders before which of the following date as the new locker rules will be implemented from that date?
(a) December 31, 2023
(b) January 1, 2023
(c) October 31, 2023
(d) July 1, 2023
(e) None of the above
Solutions
S1. Ans(c)
Sol. Three criteria—financial knowledge, attitude, and behavior—were used to base the poll. The average urban and rural scores on a scale of 1 to 21 were 11.7. Financial literacy is not part of the three criteria.
S2. Ans (a)
Sol. The National Payments Corporation of India has extended the deadline for payment aggregators to meet the guidelines on volumes of UPI (Unified Payments Interface) transactions by two years till December 31, 2024.
S3. Ans(d)
Sol. Bajaj Allianz General Insurance, one of the leading private general insurers of India, announced the launch of its unique health insurance rider ‘Respect Senior Care Rider’.
S4.Ans (d)
Sol. The Centre for Economics and Business Research (CEBR), which is a UK-based economics consultancy, predicted that India will become the third-largest economy by 2037.
S5. Ans(c)
Sol. To enhance the insurance force in India, the Insurance Regulatory and Development Authority of India (IRDAI) will soon introduce “Bima Vahaks” in each gram panchayat.
S6. Ans(d)
Sol. According to the World Bank, Indian economy is set to grow at 6.9 per cent in 2022-23, raising its forecast of 6.5 per cent growth made in October.
S7. Ans(d)
Sol. Goods and Services Tax (GST) collections for the month of November 2022 stood at Rs 1,45,867 crore, according to the data shared by finance ministry.
S8. Ans(a)
Sol. Edelweiss Mutual Fund has announced the launch of the fourth tranche of BHARAT Bond ETF – India’s first corporate bond ETF (exchange-traded fund).
S9. Ans(a)
Sol. The Employees State Insurance Corporation (ESIC) can now invest up to 15 per cent of its excess fund into equity after the Centre allowed the body to do so.
S10. Ans(b)
Sol. The Reserve Bank of India (RBI) recently said that all leading banks should issue the locker agreement to its holders before January 1, 2023, as the new locker rules will be implemented from that date.