Finance - Current Affairs

1. Which of the following banks has signed a MoU with Indian Army for (1 point)
customized services?
◯ Indian bank
⚫ Bank of Baroda
◯ Canara Bank
◯ State Bank of India

Explanation:

Bank of Baroda has signed a MoU with the Indian Army under which the bank would offer
customized services along with a host of facilities to account holders.

2. The government has notified amalgamation of 3 regional rural public sector (1 point)
banks into a single regional rural bank, Baroda UP Bank. Which of the
following is not included in this amalgamation?

◯ Baroda Uttar Pradesh Grameen Bank

◯ Kashi Gomti Samyut Gramin Bank
◯ Purvanchal Bank
⚫ Andhra Pragathi Grameena Bank

3. Shapoorji Pallonji Group kick-starts sale process for (1 point)

⚫ Eureka Forbes
◯ SP Real Estate
◯ Sterling and Wilson
◯ Forbes & Co.

4. What do we call a strong economy -- a bull or bear market? (1 point)

⚫ bull
◯ bear
5. When was the Securities and Exchange Board of India (SEBI) founded? (1 point)
⚫ 12 April 1988
◯ 30 Jan 1992
◯ 26 Jan 1992
◯ 30 Mar 1992

Explanation:

Securities and exchange Board of India (SEBI) was first established in the year 1988 as a
non-statutory body for regulating the securities market. It became an autonomous body by
The Government of India on 12 May 1992 and given statutory powers in 1992 with SEBI Act
1992 being passed by the Indian Parliament.

6. What does the M in M-banking stands for? (1 point)

◯ money
◯ marginal
⚫ mobile
◯ message

7. A loan to pay for a home, business or other real estate over a period of time is a (1 point)
◯ Credit
◯ Deposit
◯ Bankruptcy
⚫ Mortgage

8. Which of the below is not a tech merger that took place in 2019? (1 point)
◯ Salesforce And Tableau
◯ Accenture Buys Droga5
◯ Insight Acquires PCM
⚫ Apple Buys Luxoft

9. Upper Limit on Kisan Vikas Patra (KVP) is (1 point)

 ◯ 5,000
◯ 10,000
◯ 1,00,000
⚫ No Upper Limit

Explanation:

KVP certificates are available in denominations of Rs. 1,000, Rs. 5,000, Rs. 10,000 and
Rs.50,000. The minimum amount that can be invested is Rs. 1,000. However there is no
upper limit on investment. KVP is a saving certificate scheme which was first launched in
1988 by India Post.

10. Which of the following is an example of a defensive stock? (1 point)

◯ a weapons manufacturer
⚫ a utility company
◯ an auto manufacturer

Explanation:

A defensive stock is so named because its value doesn't fluctuate much. So a good example
of defensive stock would be utility stocks.

11. Which of the following is the best definition for a "junk bond?" (1 point)
⚫ A bond that is rated as "below investment-grade" by rating agencies
◯ A bond that has declined dramatically in value
◯ A bond that has defaulted
◯ A bond that is not regulated

12. When was Bitcoin first created? (1 point)

◯ 2008
⚫ 2009
◯ 2010
◯ 2011
13. Which of the following share will be removed from the SENSEX on (1 point)
December 23rd?
◯ Tata Motors DVR
◯ Yes bank
◯ Vedanta
⚫ All of the above

14. (1 point)
Which of the following best describes the balance sheet?
◯ It includes a listing of assets at their market values.
⚫ It includes a listing of assets, liabilities, and stockholders' equity at their market
values.
◯ It provides information pertaining to a company's assets and the claims against
sources of financing for those assets.
◯ It provides information pertaining to a company's liabilities for a period of time.

Explanation:

Balance Sheet includes a listing of assets, liabilities, and stockholders' equity at their market
values.

15. Which of the following share will be added to the SENSEX on December (1 point)
23rd?
⚫ Nestle India
◯ Dr. Reddy's Laboratories
◯ Reliance Infra
◯ Tata Power

16. Which of the following are functions of foreign bank? (1 point)

◯ remitting money from one country to another.
◯ discounting of foreign bills
◯ buying and selling of metals.
⚫ All the above

17. World investment report is published by? (1 point)

 ◯ UNDP
◯ World bank
⚫ UNCTAD
◯ IMF
◯ The World Investment Report has been published annually since 1991. Each year´s
Report covers the latest trends in foreign direct investment around the World and
analyses in depth one selected topic related to foreign direct investment and
development.

18. What's the largest stock exchange in the world, in terms of market (1 point)
capitalization (basically, the total value of all listed companies)?
◯ Bombay Stock Exchange
⚫ New York Stock Exchange
◯ London Stock Exchange
◯ Hong Kong Stock Exchange

19. The National Stock Exchange of India Ltd (NSE) on 2nd December suspended (1 point)
which broking firm's trading licence for all segments due to non-compliance
with exchange and Securities and Exchange Board of India (Sebi) norms?

Karvy Stock Broking Ltd

20. Where's the oldest stock exchange in the world? (1 point)

◯ Hamburg, Germany
◯ Toulouse, France
⚫ Antwerp, Belgium
◯ Geneva, Switzerland