Q1. The Pension Fund Regulatory and Development Authority (PFRDA) have increased the entry age for the National Pension System (NPS) from______ year to_____ years.
(a) 50, 60
(b) 65, 70
(c) 60, 65
(d) 60, 70
(e) None of the above
Q2. According to Moody’s Investors service the GDP growth forecast for calendar year 2022 is retained at how much percent?
(a) 10%
(b) 9%
(c) 8%
(d) 7%
(e) None of the above
Q3. What was the retail inflation of July?
(a) 4.15 %
(b) 6.73%
(c) 5.59%
(d) 3.96%
(e) None of the above
Q4. In the pandemic-hit financial year of 2020-21, the number of billionaires in India dropped from 141 in FY20 to 136 in FY21. This statement was said by which of the following in the Rajya Sabha?
(a) Anurag Singh Thakur
(b) Nirmala Sitharaman
(c) M.Venkaiah Naidu
(d) Piyush Goyal
(e) None of the above
Q5. The Reserve Bank of India has increased the limit of fund transfer under the Indo-Nepal Remittance Facility Scheme from Rs 50,000 per transaction to Rs _______ per transaction.
(a) 2 lakh
(b) 1 lakh
(c) 4 lakh
(d) 3 lakh
(e) None of the above
Q6. Central Government has approved the Indian Banks’ Association’s (IBA) proposal to increase the family pension to how much percent of the last salary drawn?
(a) 20%
(b) 25%
(c) 30%
(d) 40%
(e) None of the above
Q7. India Ratings (Ind-Ra) has projected the GDP growth rate for India for FY22 at _______.
(a) 9.3%
(b) 9.6%
(c) 9.1%
(d) 9.4%
(e) None of the above
Q8. The Finance Ministry has informed Rajya Sabha that over 5.82 crore Jan Dhan (PMJDY) accounts are inoperative. In which of the year Jan Dhan Yojana was launched?
(a) 2014
(b) 2015
(c) 2016
(d) 2018
(e) None of the above
Q9. The government has set the loans disbursement target under the PM Mudra Yojana (PMMY) at Rs_____ for 2021-22 (FY22).
(a) 5 billion
(b) 3 trillion
(c) 5 trillion
(d) 3 billion
(e) None of the above
Q10. What is the Goods and Services Tax (GST) collections for July 2021?
(a) ₹ 92,849 crore
(b) ₹ 1.16 lakh crore
(c) ₹ 99, 198 crore
(d) ₹ 1.05 lakh crore
(e) None of the above
Q11. Which of the bank has launched an all-in-one Point-of-Sales (POS) swiping machine dubbed as ‘WisePOSGo’, for its merchant customers to process business payments?
(a) ICICI Bank
(b) Bandhan Bank
(c) Karnataka Bank
(d) Kotak Mahindra Bank
(e) None of the above
Q12. Life Insurance Corporation of India (LIC) has bought 3.9 per cent of which bank through open market acquisition in September 2021?
(a) Bank of India
(b) Punjab National Bank
(c) Indian Bank
(d) Bank of Baroda
(e) None of the above
Q13. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs ______ lakh on Axis Bank for violating certain provisions of know your customer (KYC) norms.
(a) 80
(b) 75
(c) 50
(d) 25
(e) None of the above
Q14. Which bank has opened a floating ATM on a Houseboat at Dal Lake in Jammu and Kashmir’s Srinagar for the convenience of locals and tourists?
(a) HDFC Bank
(b) State Bank of India
(c) ICICI Bank
(d) Jammu & Kashmir Bank
(e) None of the above
Q15. Which of the following has partnered with Fiserv Inc. to launch the plug-and-play RuPay credit card stack, ‘nFiNi’?
(a) NPCI
(b) RBI
(c) NABARD
(d) SBI Card
(e) None of the above
Q16. The Reserve Bank of India (RBl) imposed a monetary penalty of Rs 1 lakh on Jila Sahakari Kendriya Bank Maryadit. In which state Jila Shakari Kendriya Bank Maryadit?
(a) Uttar Pradesh
(b) Bihar
(c) Madhya Pradesh
(d) Jharkhand
(e) None of the above
Q17. Government of India has signed a USD 112 million loan with which of the following institution to develop water supply infrastructure in the state of Jharkhand?
(a) NDB
(b) AIIB
(c) World Bank
(d) ADB
(e) None of the above
Q18. Which bank has launched real-time online tracking for cross-border payments for its corporate clients, in partnership with SWIFT Global Payments Innovation (GPI)?
(a) DBS Bank
(b) Federal Bank
(c) Canara Bank
(d) Bank of America
(e) None of the above
Q19. Reserve Bank of India has taken which public sector lender out of the Prompt Corrective Action (PCA) framework on improvement in financial and credit profile?
(a) Punjab and Sindh Bank
(b) Indian Bank
(c) UCO Bank
(d) Indian Overseas Bank
(e) None of the above
Q20. The Reserve Bank of India has increased the limit of fund transfer under the Indo-Nepal Remittance Facility Scheme from Rs 50,000 per transaction to Rs ________per transaction.
(a) 75,000
(b) 1.50
(c) 1 lakh
(d) 2 lakh
(e) None of the above
Solutions
S1.Ans(b)
Sol. The Pension Fund Regulatory and Development Authority (PFRDA) have increased the entry age for the National Pension System (NPS) from 65 years to 70 years.
S2.Ans(d)
Sol. Moody’s Investors Service’s august update to ‘Global Macro Outlook 2021-22’ report. The GDP growth forecast for calendar year 2022 is retained at 7 percent.
S3.Ans(c)
Sol. Retail inflation eased to 5.59% in July mainly due to softening of food prices. The Consumer Price Index (CPI)-based inflation was 6.26% in June and 6.73% in July 2020.
S4.Ans(b)
Sol. In the pandemic-hit financial year of 2020-21, the number of billionaires in India dropped from 141 in FY20 to 136 in FY21, as per a statement issued by Finance Minister Nirmala Sitharaman in the Rajya Sabha.
S5.Ans(a)
Sol. The Reserve Bank of India has increased the limit of fund transfer under the Indo-Nepal Remittance Facility Scheme from Rs 50,000 per transaction to Rs 2 lakh per transaction.
S6.Ans(c)
Sol. Central Government has approved the Indian Banks’ Association’s (IBA) proposal to increase the family pension to 30% of the last salary drawn.
S7.Ans(d)
Sol. India Ratings (Ind-Ra) has projected the GDP growth rate for India for FY22 at 9.4%
S8.Ans(a)
Sol. The Finance Ministry has informed Rajya Sabha that over 5.82 crore Jan Dhan (PMJDY) accounts are inoperative. The scheme was launched in the year of 2014.
S9.Ans(b)
Sol. The government has set the loans disbursement target under the PM Mudra Yojana (PMMY) at Rs 3 trillion for 2021-22 (FY22).
S10.Ans(b)
Sol. Goods and Services Tax (GST) collections for July 2021 were ₹ 1.16 lakh crore, 33 per cent more than the corresponding period of last year.
S11.Ans(c)
Sol. The Karnataka Bank has launched an all-in-one Point-of-Sales (POS) swiping machine dubbed as ‘WisePOSGo’, for its merchant customers to process business payments
S12.Ans(a)
Sol. Life Insurance Corporation of India (LIC) has bought 3.9 per cent (15,90,07,791 shares) of the Bank of India through open market acquisition.
S13.Ans(d)
Sol. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh on Axis Bank for violating certain provisions of know your customer (KYC) norms.
S14.Ans(b)
Sol. State Bank of India has opened a floating ATM on a Houseboat at Dal Lake in Jammu and Kashmir’s Srinagar for the convenience of locals and tourists.
S15.Ans(a)
Sol. National Payments Corporation of India (NPCI) in partnership with Fiserv Inc. to launch the plug-and-play RuPay credit card stack, ‘nFiNi’.
S16.Ans(c)
Sol. The Reserve Bank of India (RBl) imposed a monetary penalty of Rs 1 lakh on Jila Sahakari Kendriya Bank Maryadit of Madhya Pradesh.
S17.Ans(d)
Sol. Asian Development Bank (ADB) and the Government of India have signed a USD 112 million loan to develop water supply infrastructure and strengthen capacities of urban local bodies (ULBs) for improved service delivery in four towns in the state of Jharkhand.
S18.Ans(a)
Sol. DBS Bank has launched real-time online tracking for cross-border payments for its corporate clients, in partnership with SWIFT Global Payments Innovation (GPI).
S19.Ans(c)
Sol. Reserve Bank of India has taken public sector lender UCO Bank out of the Prompt Corrective Action (PCA) framework on improvement in financial and credit profile.
S20.Ans(d)
Sol. The Reserve Bank of India has increased the limit of fund transfer under the Indo-Nepal Remittance Facility Scheme from Rs 50,000 per transaction to Rs 2 lakh per transaction.
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