1. Which of the following is not a correct statement with respect to Masala Bonds?
[A] They allow Indian companies to raise overseas debts in Indian currency
[B] Interest Payment on Masala Bonds is in Indian Rupee
[C] Most popular market for Masala Bonds is New York currently
[D] All of the above are correct statements
Show Answer
Correct Answer: C [Most popular market for Masala Bonds is New York currently]
2. The GST council has decided a four tier structure of taxation to cover most goods and services. Which of the following is a correct group of these four tiers?
[A] 5%, 10%, 15% and 20%
[B] 5%, 12%, 18% and 22%
[C] 5%, 12%, 18% and 28%
[D] 5%, 13%, 18% and 32%
Show Answer
Correct Answer: C [ 5%, 12%, 18% and 28% ]
3. Which of the following is main objective of Aadhaar Pay?
[A] To enable peer-to-peer money transaction
[B] To enable merchants to receive digital payments using Aadhaar
[C] To integrate UPI with Aadhaar
[D] To link Jan-Dhan Accounts with Aadhaar number
Show Answer
Correct Answer: B [ To enable merchants to receive digital payments using Aadhaar ]
4. Currently, Aadhaar is NOT being used in India for which of the following purposes?
[A] Identification of beneficiaries under pension schemes and Jan-dhan Programme
[B] Taxation
[C] Identification of MGNREGA beneficiaries
[D] Identification of mid-day meal programme at schools
Show Answer
Correct Answer: A [ Identification of beneficiaries under pension schemes and Jan-dhan Programme ]
5. The term discovered small field (DSF), which was recently making news is related to which of the following ?
[A] Petroleum Sector
[B] Nuclear Minerals
[C] Quantum Science
[D] None of them
Show Answer
Correct Answer: A [ Petroleum Sector ]
6. Which of the following is the main objective of Insolvency Professional Entity?
[A] To implement bankruptcy law under The Insolvency and Bankruptcy Code, 2016
[B] To facilitate speedy recoveries of high value loan defaults
[C] To identify the insolvent individuals
[D] All of above
Show Answer
Correct Answer: B [ To facilitate speedy recoveries of high value loan defaults ]
7. Shankar-6 or Sankar-6 is a variety of which of the following commodities?
[A] Mustard
[B] Cotton
[C] Groundnut
[D] Soyabean
Show Answer
Correct Answer: B [ Cotton ]
8. What is the current Fund transaction limit under Unified Payments Interface (UPI)?
[A] Rs. 50,000
[B] Rs. 100,000
[C] Rs. 200,000
[D] Rs. 20,000
Show Answer
Correct Answer: B [ Rs. 100,000 ]
9. Approximately what fraction of India’s total edible oil demand is met through imports?
[A] 20%
[B] 30%
[C] 50%
[D] 60%
Show Answer
Correct Answer: D [ 60% ]
10. Who is the current chairman of Bank Board Bureau?
[A] Vinod Rai
[B] N. Gopalaswami
[C] Wajahat Habibullah
[D] Bhanu Pratap Sharma
Show Answer
Correct Answer: D [Bhanu Pratap Sharma]
