ESIC Deputy Director

Principles of Human Resource Management

Important MCQ
Q.1) Recently (January 2022), the Securities and Exchange Board of India
(SEBI) has started a review to define what constitutes a free float. Which of
the following statements is/are correct about Free float?
[1] Free float or floating shares indicate the number of shares available for
trading
[2] It includes shares of a company available in the market for public
investment
[3] SEBI prescribes a minimum threshold of 25% of public shareholding for
all listed companies
[4] All of the above
[5] None of the above

Answer: [4] All of the above

What is free float?
• Free float or floating shares indicate the number of shares
available for trading.
o And includes shares of a company available in the market for
public investment.
• SEBI prescribes a minimum threshold of 25% of public
shareholding for all listed companies.
Q.2) Recently (November 2021), Securities and Exchange Board of India
(SEBI) came out with simplified rules for processing investor's service
requests by registrar and share transfer agent (RTAs) to push ease of doing
business for investors in the securities market. These services requests
include ____.
[1] Change in or updation of PAN, nominee, signature, contact as well as bank
details
[2] Issue of duplicate securities certificate, consolidation of securities
certificate, change in status from minor to major and resident to NRI and vice
versa
[3] Services through depository participants for DEMAT
[4] All of the above
[5] None of the above

Answer: [4] All of the above

Q.3) Recently (January 2022), the Finance Ministry has notified which of
the following amended SEBI rules pertaining to the procedure for holding
an inquiry and imposing penalties?
[1] Depositories (Procedure for Holding Inquiry and Imposing Penalties)
(Amendment) Rules, 2021
[2] Securities Contracts (Regulation) (Procedure for Holding Inquiry and
Imposing Penalties) (Amendment) Rules, 2021
[3] Securities and Exchange Board of India (Substantial Acquisition of
Shares and Takeovers) (Third Amendment) Regulations, 2021
[4] Both 1 and 2
[5] Both 2 and 3

Answer: [4] Both 1 and 2

• The new rules are:
o Depositories (Procedure for Holding Inquiry and Imposing Penalties)
(Amendment) Rules, 2021.
o Securities Contracts (Regulation) (Procedure for Holding Inquiry and
Imposing Penalties) (Amendment) Rules, 2021.
o And Securities and Exchange Board of India (Procedure for Holding
Inquiry and Imposing Penalties) (Amendment) Rules, 2021.
Q.4) Recently (January 2022), ______ has provided a dedicated window
for bond houses known as primary dealers (PDs), by way of which they
will alternate illiquid securities acquired through the Retail Direct
platform with liquid papers.
[1] RBI
[2] SEBI
[3] SIDBI
[4] Both 1 and 3
[5] None of the above

Answer: [1] RBI

Q.5) Recently (January 2022), the Small Industries Development Bank of
India (SIDBI) has sanctioned financial assistance of ₹650 crore to which
of the following Small Finance Banks?
[1] AU Small Finance Bank
[2] Jana Small Finance Bank
[3] Ujjivan Small Finance Bank
[4] Both 1 and 2
[5] Both 1 and 3

Answer: [4] Both 1 and 2

Q.6) Recently (January 2022), as per the Reserve Bank of India (RBI), SBI
Bank, HDFC Bank and ICICI Bank will continue to be identified as Domestic
Systemically Important Banks (D-SIBs), under the same bucketing
structure as in the 2020 list of D-SIBs. Which among the following
statement is/are correct about D-SIBs?
[1] Banks whose assets exceed 2% of GDP are considered part of this group.
[2] Ministry of Finance discloses the names of banks designated as D-SIB.
[3] ICICI Bank and HDFC Bank are in bucket one while SBI falls in bucket
three.
[4] All of the above
[5] Only 1 and 3

Answer: [5] Only 1 and 3

Q.7) Recently (January 2022), RBI has released framework with an upper
limit of ____ for an offline payment transaction to enable small value
digital payments in offline mode using cards, wallets and mobile device.
[1] Rs. 500
[2] Rs. 1000
[3] Rs. 200
[4] Rs. 1500
[5] Rs. 800

Answer: [3] Rs. 200

Q8.) Recently (February 2022), Markets regulator Sebi has proposed the
framework to regulate ESG rating providers. Which among the following are
among the proposals of SEBI?
[1] Only Sebi accredited entities such as CRAs and Research analysts can
provide ESG ratings
[2] CRAs and Research Analysts with a minimum net worth of Rs 10 crore
would be eligible to be accredited as a ERP.
[3] ERPs should offer at least one of the ratings products
[4] ERPs should be mandated to follow a 'subscriber-pay' business model.
[5] All of the Above

Answer: [5] All of the Above

Q.9) Recently (January 2022), as per the newly constituted RBI’s digital
payment index (RBI-DPI); Digital payment transactions reported what
precent year on year jump as of September 2021?
[1] 32%
[2] 60%
[3] 65%
[4] 55%
[5] 40%

Answer: [5] 40%

Q.10) The RBI-DPI comprises of 5 broad parameters that enable
measurement of deepening and penetration of digital payments in the
country over different time periods. Which of the following parameters has
the highest weightage in the index?
[1] Payment Infrastructure – Demand-side factors
[2] Payment Infrastructure – Supply-side factors
[3] Payment Enablers
[4] Payment Performance
[5] Consumer Centricity

Answer: [4] Payment Performance

The RBI-DPI comprises of 5 broad parameters that enable measurement of
deepening and penetration of digital payments in the country over different
time periods.
These parameters are –
(i) Payment Enablers (weight 25%),
(ii) Payment Infrastructure – Demand-side factors (10%)
(iii) Payment Infrastructure – Supply-side factors (15%),
(iv) Payment Performance (45%)
(v) Consumer Centricity (5%).
Each of these parameters have sub-parameters which, in turn, consist of
various measurable indicators.
Q.11) Recently (January 2022), the NPCI Bill Pay Ltd. (NBBL) has
introduced which of the following unique functionality with an aim of
enriching and simplifying bill payments in India?
[1] Immediate Payment Service System
[2] Tokenization for RuPay system
[3] Adivasi Mahila Sashaktikaran Yojana
[4] Aadhaar Payment Bridge (APB) System
[5] All of the above

Answer: [4] Aadhaar Payment Bridge (APB) System

Q.12) Recently (January 2022), which of the following bank has executed
industry-first blockchain-enabled domestic trade transaction with Arcelor
Mittal Nippon Steel India, and Lalit Pipes & Pipes Ltd on Secured Logistics
Document Exchange (SLDE)?
[1] Punjab National Bank
[2] ICICI Bank
[3] HDFC Bank
[4] SBI Bank
[5] Axis Bank

Answer: [5] Axis Bank

Q.13) Recently (January 2022), SEBI introduced framework for
operationalising the gold exchange. Under the Structure of the
transactions: The entire transaction has been divided into following three
tranches. What is the main characteristic of Second Tranche?.
[1] Creation of EGR
[2] Conversion of EGR into Physical Gold
[3] Trading of EGR on stock exchange/s
[4] 1 and 2 only
[5] None of the above

Answer: [3] Trading of EGR on stock exchange/s

Q.14) Recently (January 2022), to strengthen the regulatory framework
for Collective Investment Schemes (CIS), what percent cap on cross-
shareholding in Collective investment management companies (CIMCs)
has been proposed by SEBI?
[1] 15%
[2] 10%
[3] 20%
[4] 17%
[5] 12%

Answer: [2] 10%

Q.15) Recently (December 2021), SEBI proposed regulatory framework for
algorithmic trading (algo trading) by retail investors. Under this proposal,
which of the following measures has been proposed by SEBI?
[1] All orders emanating from an API should be treated as an algo order and
be subject to control by stock broker
[2] The APIs to carry out algo trading should be tagged with the unique algo
ID provided by the stock exchange granting approval for the algo
[3] Stock brokers should be responsible for all algos emanating from its APIs
and redressal of any investor disputes
[4] The two-factor authentication should be built in every such system which
provides access to an investor for any API/algo trade.
[5] All of the above

Answer: [5] All of the above

Q.16) Recently, the financial sector has seen several banks have entered
into co-lending 'master agreements' with registered NBFCs. In which of
the following years, the RBI had announced “co-origination of loans” by
banks and NBFCs for lending to the priority sector?
[1] 2015
[2] 2020
[3] 2021
[4] 2018
[5] 2019

Answer: [4] 2018

Q.17) Recently (December 2021), the International Financial Services
Centres Authority (IFSCA) and GIFT city hosted the “Sprint04: Market-
Tech” Hackathon and in collaboration with which of the following?
[1] India International Exchange
[2] Bombay stock exchange Ltd
[3] National Stock Exchange of India Ltd
[4] Both 1 and 2
[5] Both 2 and 3

Answer: [3] National Stock Exchange of India Ltd

Q.18) Recently (December 2021), the Paytm Payments Bank Limited (PPBL)
has received Scheduled Bank status from Reserve Bank of India (RBI) and
included in which Schedule of Reserve Bank of India Act, 1934?
[1] Fourth
[2] First
[3] Second
[4] Third
[5] None of the above

Answer: [3] Second

Q.19) Recently (December 2021), the Reserve Bank of India (RBI) has
made Legal Entity Identifier (LEI) mandatory for cross-border
transactions. LEI has been mandatory for capital or current account
transactions of ____and above, from October 1 2022.
[1] Rs 100 crore
[2] Rs 50 crore
[3] Rs 150 crore
[4] Rs 25 crore
[5] All of the above

Answer: [2] Rs 50 crore

Q.20) Recently (December 2021), RBI has enforced the 20-digit Legal
Entity Identifier for cross border transactions. Which of the following
statement is\are not correct regarding the same?
[1] LEI is a number used to uniquely identify parties to financial
transactions worldwide.
[2] It is only for capital account transactions and not for current account
transactions.
[3] LEI is mainly enforced for cross-border deals above Rs 50 crore.
[4] All of the above
[5] None of the above

Answer: [2] It is only for capital account transactions and not for current
account transactions.
Q.21) Recently (January 2022), which of the following regulatory
bodies has launched the Saarthi mobile application to provide
information about security markets?
[1] FSDC
[2] RBI
[3] SIDBI
[4] SEBI
[5] All of the above

Answer: [4] SEBI

Q.22) Recently (December 2021), the Minister of State for Commerce and
Industry has shared information about the national single window
investment clearance system and facilities on that system in India. Which of
the following statements is/are true about National Single Window System
(NSWS)?
[1] Department for Promotion of Industry and Internal Trade (DPIIT) along
with Invest India initiated the process of developing the portal as a NSWS.
[2] It integrates the existing clearance systems of various Ministries/
Departments of Government of India and State Governments
[3] The Know Your Approvals (KYA) Module has gone live on NSWS
[4] Both 2 and 3
[5] All of the above

Answer: [5] All of the above

Q.23) Recently (December,2021), which of the following India’s start up is
considering a public market listing in the United States through a special
purpose acquisition company (SPAC)?
[1] OYO Rooms
[2] Nykaa
[3] Paytm
[4] Byju’s
[5] Dream11

Answer: [4] Byju’s

What is SPAC?
• It is a company that has no commercial operations and is formed strictly
to raise capital through an initial public offering (IPO).
o For the purpose of acquiring or merging with an existing company.
It is also known as "blank check companies”.
Q.24) Recently (December,2021), the Reserve Bank of India is trying to
figure out if large financial institutions may be interested in inflation-
Index linked bonds (IIBs). Which of the following statements is/are
correct about IIBs?
[1] IIBs have a fixed real coupon rate, but a nominal principal value that is
adjusted against inflation
[2] Inflation Index Bonds (IIBs) are being issued by auction method.
[3] These bonds are being issued for a tenor of 5 years
[4] Both 1 and 2
[5] Both 2 and 3

Answer: [4] Both 1 and 2

Q.25) Recently, The Reserve Bank of India is considering a proposal from
the Niti Aayog to categorise loans to purchase electric vehicles under the
priority sector lending (PSL) segment. What is the total priority sector
target for Domestic Commercial Banks excluding RRBs and SMFs.
[1] 40% of the Adjusted Net Bank Credit
[2] 75% of the Adjusted Net Bank Credit
[3] 50% of the Adjusted Net Bank Credit
[4] 35% of the Adjusted Net Bank Credit
[5] None of the Above

Answer: [1] 40% of the Adjusted Net Bank Credit

Q.26) Which among the following organization has recently (January 2022)
released “Annual Report of Ombudsman Scheme 2020-21”?
[1] Ministry of Finance
[2] National Statistical Office
[3] National Housing Bank
[4] Reserve Bank of India (RBI)
[5] NITI Aayog

Answer: [4] Reserve Bank of India (RBI)

Q.27) Recently (December 2021), the National Stock Exchange (NSE) has
launched a new corporate governance initiative, ‘NSE Prime’. Which of the
following statements is/are correct about this initiative?
[1] It is a framework that prescribes higher standards of corporate
governance for listed Companies than those required by regulations.
[2] It envisages additional disclosure requirements to provide for a higher
quality of public information and greater transparency.
[3] It enables investors to identify companies that have voluntarily signed up
for higher standards of corporate governance.
[4] Both 1 and 2
[5] All of the above

Answer: [5] All of the above

Q.28) Which of the following state Government in partnership with
crypto startup CoinSwitch Kuber and Lumos Labs have launched a block
chain accelerator recently (December 2021)?
[1] Tamil Nadu
[2] Karnataka
[3] Maharashtra
[4] Kerala
[5] Telangana

Answer: [5] Telangana

Q.29) Recently (December 2021), RBI had imposed a penalty on One
Mobikwik Systems Private Ltd. and Spice Money Ltd. for not complying with
the directions issued on net-worth requirement for Bharat Bill Payment
Operating Units. These were offences of the nature referred to _______.
[1] Payment and Settlement Systems Act, 2007
[2] Payment of Gratuity Act,1972
[3] The banning of Unregulated Deposit scheme Act, 2019
[4] The State Banks (Repeal and Amendment) Act,2018
[5] None of the above

Answer: [5] Payment and Settlement Systems Act, 2007

Q.30) Recently (December 2021), the Reserve Bank of India (RBI) has
extended the deadline to comply with new card storage rules by another six
months to June 2022. The new card storage rules involve replacement of
actual card details with a unique alternate code called the ____.
[1] Virtualcard
[2] Psuedocard
[3] Token
[4] Strings
[5] None of the above

Answer: [3] Token

Q.31) Recently (December 2021), which of the following become the first
Indian insurance company to sign United Nations-supported Principles for
Responsible Investment (UNPRI)?
[1] Edelweiss Tokio Life Insurance Co.
[2] Aegon Life Insurance Co.
[3] ICICI Prudential Life Insurance Co.
[4] Birla Sun Life Insurance Co.
[5] Bharti AXA Life Insurance Co.

Answer: [3] ICICI Prudential Life Insurance Co

Q.32) Recently (December 2021), the Ministry of corporate affairs (MCA)
has rolled out its new “intelligent" statutory filing system for corporations
and limited liability partnerships (LLPs) in early, 2022.Which of the following
is/are correct about this system?
[1] The new e-governance system is known as MCA21 version 4.0.
[2] It has module for the statutory filings of companies and LLPs, which is the
interface between businesses and the Registrar of Companies.
[3] The new filing system has been developed by L&T Infotech.
[4] Both 1 and 2
[5] Both 2 and 3

Answer: [5] Both 2 and 3

Q33.) Recently (December 2021), SEBI has updated operational guidelines
pertaining to the listing of commercial papers (CP) to bring uniformity in
requirements. Under these guidelines an issuer needs to submit which of
the following details of CP?
[1] Details of current tranche including ISIN
[2] Amount
[3] Date of issue
[4] Maturity
[5] all of the above

Answer: [5] all of the above

Q.34) Recently (December 2021), the Ministry of Corporate Affairs has
proposed to provide the National Company Law Tribunal (NCLT) a fixed
time period of ____ days for approval or rejection of a submitted corporate
plan.
[1] 30
[2] 15
[3] 45
[4] 60
[5] 90

Answer: [1] 30
Q.35) As per the investor charter released recently (December,2021) by
SEBI, the charter for MF investors includes ____.
[1] Rights to receive redemption proceeds in a timely manner
[2] Timely disclosure of daily net asset values
[3] Timely disclosure of performance of each scheme, including assets under
management, investment objective and expense ratios.
[4] All of the above
[5] None of the above

Answer: [4] All of the above

Q.36) According to the recently (December 2021) released “State
Finances: A Study of Budgets of 2021-22”, what is the combined debt to
GDP ratio of states by end of March 2022?
[1] 31%
[2] 32%
[3] 33%
[4] 34%
[5] 35%

Answer: [1] 31%

• “State Finances: A Study of Budgets of 2021-22”, is published by
Reserve Bank of India (RBI).
• The report states that combined debt-to-GDP (Gross Domestic
Product) ratio of states is expected to remain at 31% by end-March
2022.
• This is higher than the target of 20% which was to be achieved by
2022-23 (FY23).
Q.37) Recently, SEBI has constituted IT Projects Advisory Committee.
Which of the following statements is/are correct related to the
committee?
[1] It will provide guidance to upgrade existing Sebi's IT systems and
solutions with the latest IT practices, techniques, tools and technologies..
[2] It will be headed by D B Phatak.
[3] It will provide technical expertise to Sebi in various stages of IT solution
procurement as members of the Tender Evaluation Committee.
[4] Both 1 and 2
[5] Both 1 and 3

Answer: [5] Both 1 and 3

Q.38) Recently (December 2021), Banks have sanctioned credit worth Rs
63,574 crore to 1.38 million borrowers through credit outreach Program
between October 16-31. Which of the following statement is correct
about the program?
[1] It is an initiative of the Ministry of Finance.
[2] Under this banks have to reach out to every district of the country to
endow loans to eligible borrowers as per prudential norms
[3] This is a part of privatization of PSBs through disinvestment drive to
garner Rs 1.75 lakh crore.
[4] 1 and 2 only
[5] All of the above

Answer: [4] 1 and 2 only

Q.39) Recently (December 2021), Political parties have urged Central
government to withdraw the Banking Laws (Amendments) Bill, 2021.
Which among the following statement is/are incorrect about the Bill?
[1] The purpose of the Bill is to privatize two public sector banks.
[2] It will amend Banking Companies (Acquisition and Transfer of
Undertakings) Acts, 1970 and 1980.
[3] The Finance Minister had proposed this Bill in the Budget for FY 2021-
22.
[4] 1 and 2 only
[5] None of the above

Answer: [5] None of the above

Q.40) Recently (December 2021), the Reserve Bank of India (RBI) has
placed a draft scheme for amalgamation of the Punjab and Maharashtra
Cooperative (PMC) Bank with _____________________.
[1] Utkarsh Small Finance Bank
[2] Ujjivan Small Finance Bank
[3] Jana Small Finance Bank
[4] Unity Small Finance Bank Ltd.
[5] None of the above

Answer: [4] Unity Small Finance Bank Ltd.

Q.41) Recently (December 2021), Ministry of finance has come out with
how many tier structure for staff accountability in public sector banks
(PSBs) in to allay fears of bank employees to extend loans?
[1] Four
[2] Three
[3] Two
[4] Five
[5] None of the above

Answer: [1] Four

Q.42) Recently (December 2021), which of the following digital payment
firm has launched a tokenization solution named ‘SafeCard’?
[1] Google Pay
[2] Phonepe
[3] Paytm
[4] Amazon Pay
[5] None of the above

Answer: [2] Phonepe

Q.43) Recently (December 2021), It was informed by the RBI that the
sovereign gold bonds (SGB) can also be subscribed on the newly-
launched Reserve Bank of India (RBI) Retail Direct Portal. The Sovereign
gold bond scheme was launched in which year?
[1] 2018
[2] 2017
[3] 2016
[4] 2015
[5] 2019

Answer: [4] 2015

Q.44) Recently, Who among the following has been appointed chairman of
National Asset Reconstruction Company (NARCL)?
[1] Rabi Sankar
[2] Gita Gopinath
[3] Sanjay Jain
[4] Pradip Shah
[5] None of the above

Answer: [4] Pradip Shah

Q.45) Recently (October 2021), the Union Minister of State for Finance has
shared information about the cyber financial frauds in Scheduled
Commercial Banks (SCB’s). Which of the following bank faced highest
number of cyber financial fraud in FY 2020-21?
[1] Kotak Mahindra Bank
[2] Yes Bank
[3] State Bank of India
[4] ICICI Bank
[5] Axis Bank

Answer: [1] Kotak Mahindra Bank

Q.46) Recently (December 2021), The RBI in its bi-monthly monetary
policy review announced that it has enhanced the investment limit via
UPI in IPOs and RBI Retail Direct Scheme for G-Secs from Rs _______
to Rs _______.
[1] 2 Lakh to 5 Lakh
[2] 4 lakh to 6 Lakh
[3] 3 Lakh to 5 Lakh
[4] 2 Lakh to 6 Lakh
[5] None of the above

Answer: [1] 2 Lakh to 5 Lakh

Q.47) Recently (December 2021), the Prime Minister has inaugurated a
thought leadership forum on FinTech, ‘InFinity Forum’. Which country was
not among the partner countries in the 1st edition of the Forum?
[1] Indonesia
[2] UK
[3] South Africa
[4] Australia
[5] Both 1 and 2

Answer: [4] Australia

Q.48) Which among the following statement is/are correct about ‘InFinity
Forum’ launched recently (December 2021) by the Prime Minister?
[1] It focused on the theme of ‘Beyond.’
[2] It was hosted by RBI.
[3] The sub-themes includes: FinTech beyond boundaries, FinTech beyond
Finance and FinTech Beyond Next
[4] All of the above
[5] Both 1 and 3

Answer: [5] Both 1 and 3

Q.49) Which among the following organization has recently (January 2022)
released “Global Economic Prospects”?
[1] World Bank
[2] International Monetary Fund
[3] World Economic Forum
[4] Organisation for Economic and Development Cooperation
[5] None of the above

Answer: [1] World Bank

Q.60) Recently (November 2021), Securities and Exchange Board of India
(SEBI) came out with simplified rules for processing investor's service
requests by registrar and share transfer agent (RTAs) to push ease of doing
business for investors in the securities market. These services requests
include ____.
[1] Change in or updation of PAN, nominee, signature, contact as well as
bank details
[2] Issue of duplicate securities certificate, consolidation of securities
certificate, change in status from minor to major and resident to NRI and
vice versa
[3] Services through depository participants for DEMAT
[4] All of the above
[5] None of the above

Answer: [4] All of the above

Q.50) Recently (January 2022), SEBI has released disclosure requirements
for high-value debt-listed entities, in relation to related party transactions
(RPTs). High-value debt-listed entities are those entities that have listed
non-convertible debt securities and an outstanding value of such
securities are ____and above.
[1] ₹2500 crore
[2] ₹500 crore
[3] ₹1000 crore
[4] ₹1500 crore
[5] None of the above

Answer: [2] ₹500 crore

High-value debt-listed entities
• These are those entities that have listed non-convertible debt securities
and an outstanding value of such securities are ₹500 crore and above.
Q.51) Which of the following statements is/are correct about Regulations
Review Authority (RRA 2.0) of RBI?
[1] The terms of reference of RRA 2.0 is to review the regulatory instructions, by
removing redundancies and duplications and reducing the compliance burden on
regulated entities (REs)
[2] The RRA has constituted an Advisory Group representing the regulated entities
under the chairmanship of Swaminathan J
[3] RBI has withdrawn more than 100 redundant circulars following
recommendations made by the RRA 2.0.
[4] Both 1 and 2
[5] All of the Above

Answer: [5] All of the Above

Q.52) Recently (November 2021), RBI introduced an internal Ombudsman
mechanism for select NBFCs. As per this, Deposit-taking NBFCs with 10 or
more branches and non-deposit taking NBFCs with assets size of ____must
appoint an Internal Ombudsman (IO).
[1] ₹10,000 crore
[2] ₹5,000 crore
[3] ₹3,000 crore
[4] ₹2,000 crore
[5] None of the above

Answer: [2] ₹5,000 crore

Q.53) Recently (November 2021), Reserve Bank of India (RBI) has accepted
working group recommendation of raising cap on promoters’ stake from
the current levels of 15% to ___ of the paid-up voting equity share capital
of the bank.
[1] 30%
[2] 25%
[3] 26%
[4] 20%
[5] 33%

Answer: [3] 26 %
Q.54) Recently (November 2021), Securities Exchange Board of India has
launched the investor charter to empower investors. Which of the following
is/are incorrect about this investor Charter?
[1] The charter includes rights and responsibilities of investors
[2] It is also launched for Market intermediaries including stock exchanges,
mutual funds and listed firms in line with governance norms
[3] It will be treated have a legal binding to market intermediaries/investors
[4] All of the above
[5] Only 2 & 3

Answer: [5] Only 2 & 3

Q.55) Which of the following statements is/are correct about Government
Securities?
[1] Government securities are debt instruments of a sovereign government
[2] They sell products to finance day-to-day governmental operations and
provide funding for special infrastructure and military projects.
[3] Finance Ministry and SEBI have worked out most requirements for
overseas trading and settlement of Indian bonds, to prepare India’s entry into
global bond indices
[4] Both 1 and 2
[5] Both 2 and 3

Answer: [4] Both 1 and 2

Q.56) Recently (November 2021), SEBI has proposed that stockbrokers or
merchant bankers having an additional net worth of ___ over-and-above the
requirements of their respective Sebi’s rules should be permitted to act as
market makers for further deepening and strengthening the country’s
corporate bond market.
[1] Rs 18 crore
[2] Rs 12 crore
[3] Rs 10 crore
[4] Rs 20 crore
[5] Rs 15 crore

Answer: [3] Rs 10 crore

Q.57) According to the recently (December 2021) released “Report on Trend
and Progress of Banking in India 2020-21”, what is the percentage of growth
in deposits at end of September 2021?
[1] 8.7%
[2] 9.5%
[3] 10.1%
[4] 11.0%
[5] 12.3%

Answer: [3] 10.1%

Q.58) Recently (November 2021), Small Industries Development Bank of
India (SIDBI) has launched the second window of Swavalamban Challenge
Fund (SCF) with Green Bharat as prioritised theme. Which of the following
statements regarding the fund is correct?
[1] Under this fund, applications are invited in two categories: Pilot Category
and Scale-up Category.
[2] Total amount of up to Rs 20 lakh for the Scale-up Category.
[3]Total amount of up to Rs 35 lakh for the Pilot Category.
[4] All of the above
[5] None of the above

Answer: [1] Under this fund, applications are invited in two categories: Pilot
Category and Scale-up Category.
Q.59) According to the recently (December 2021) released “Financial
Stability Report (FSR)”, what is the Capital to Risk Weighted Assets Ratio
(CRAR) of SCBs in September 2021?
[1] 14.30%
[2] 15.60%
[3] 16.10%
[4] 16.60%
[5] None of the above

Answer: [4] 16.60%

Q.60) According to the recently (January 2022) released “Annual Report of
Ombudsman Scheme 2020-21”, what is the percentage of complaints
accounted by Banking Ombudsman Scheme of total complaints?
[1] 58.31%
[2] 69.24%
[3] 81.47%
[4] 90.13%
[5] None of the Above

Answer: [1] 90.13%

Q.61) Recently (November 2021), the Reserve Bank of India (RBI) issued a
revised Prompt Corrective Action (PCA) framework for banks to enable
supervisory intervention at “appropriate time” and act as a tool for effective
market discipline. Consider the following statements about the framework?
[1] The revised PCA framework will be effective from January 1, 2022.
[2] Objective of the framework is to enable supervisory intervention at an
appropriate time and require the supervised entity to initiate and implement
remedial measures in a timely manner, to restore its financial health.
[3] It is applicable only to Scheduled commercial banks (excluding Small
Finance Banks, Payment Banks, and Regional Rural Banks).
[4] All of the above
[5] None of the above

Answer: [4] All of the above

Q.62) Recently (November 2021), a Reserve Bank committee has come out
with a host of suggestions for streamlining the functioning of asset
reconstruction companies (ARCs). This committee is headed by _____.
[1] P.N. Prasad
[2] Sudarshan Sen
[3] Mahesh Kumar Jain
[4] R. Anand
[5] M.D. Patra

Answer: [2] Sudarshan Sen

Q.63) Recently (November 2021), International Financial Services Centres
Authority (IFSCA) has constituted an Insurance Committee under the
Chairmanship of _____ to identify key areas for the development of
insurance and reinsurance business from IFSC.
[1] Vishakha Mulye
[2] Sudarshan Sen
[3] Abizer Diwanji
[4] G.N. Bajpai
[5] R Anand

Answer: [4] G.N. Bajpai

Q.64) Recently (November 2021), a working group headed by former
Securities and Exchange Board of India (SEBI) chairman GN Bajpai has
suggested standard framework, time, cost data tracking to improve
Insolvency and Bankruptcy Board of India (IBBI). Which among the following
are the key recommendations of the committee?
[1] Setting up specialised National Company Law Tribunal benches to hear
only IBC matters
[2] Establishing professional code of conduct for committee of creditors
[3] Strengthening the role of resolution professionals
[4] Digitalising IBC platforms to make the resolution process faster and
maximise the realisable value of assets
[5] All of the above

Answer: [5] All of the above

Q.65) As per the statement of Minister of Cooperation, the management
and regulation of Cooperative Societies including Cooperative Banks is an
ongoing exercise and initiatives in this direction by the new Ministry of
Cooperation are taken as per the _________.
[1] Multi-State Cooperative Societies Act, 2000
[2] Government of India (Allocation of Business) Rules, 1961
[3] General Financial Rules,2017
[4] Both 1 & 2
[5] None of the above

Answer: [2] Government of India (Allocation of Business) Rules, 1961

Q.66) Recently (November 2021) which of the following banks have
surpassed the prescribed target of lending to the Small and Marginal
Farmers (SMFs) & Weaker Sections during the years 2018-2019 to 2020-21?
[1] Co-operative Banks
[2] Private sector banks
[3] Regional Rural Banks
[4] Public sector Banks
[5] None of the above

Answer: [3] Regional Rural Banks

Q.67) Recently (November 2021), which of the following has released a
Discussion Paper titled “Digital Banks: A Proposal for Licensing & Regulatory
Regime for India”?
[1] Ministry of Finance
[2] RBI
[3] NITI Aayog
[4] All of the above
[5] Both 2 & 3

Answer: [3] NITI Aayog

Q.68) Recently (November 2021), who has been appointed as the Chairman
of the National Bank for Financing Infrastructure and Development
(NaBFID)?
[1] Manohar J. Pherwani
[2] K.V. Kamath
[3] O. P. Rawat
[4] Ashok Lavasa
[5] ThangamThennarasu

Answer: [2] K.V. Kamath

Q.69) Recently (November 2021), which of the following state Government
has constituted a FinTech Governing Council to facilitate the establishment
of FinTech companies in the State?
[1] Maharashtra
[2] Tamil Nadu
[3] Karnataka
[4] Telangana
[5] Andhra Pradesh

Answer: [2] Tamil Nadu

Q.70) Recently (January 2021), Sebi has launched a mobile app Saa₹thi to
create awareness among the investors. In which languages is\are the app
available ?
[1] Hindi
[2] English
[3] Hindi and English
[4] Hindi, English and some regional languages
[5] None of the Above

Answer: [3] Hindi and English

Q.71) Recently (November 2021), which of the following entities has
supported the Network for Greening the Financial System declaration by
publishing the Statement of Commitment to Support Greening India’s
Financial System?
[1] SEBI
[2] RBI
[3] NABARD
[4] SIDBI
[5] Both 2 & 3

Answer: [2] RBI

Q.72) Who among the following is/are eligible under the Sovereign Gold
Bond Scheme?
[1] Individuals
[2] HUFs
[3] Trusts
[4] Universities
[5] All of the above

Answer: [5] All of the above

Q.73) As per the recent (November 2021) statement of Union Minister of
State for Corporate Affairs, through which of the following sections of the
Companies Act, 2013 (‘Act’), the Government provides the broad framework
for Corporate Social Responsibility (CSR)?
[1] Section 123
[2] Section 135
[3] Section 110
[4] Section 166
[5] Section 143

Answer: [2] Section 135

Q.74) Under the RBI Retail Direct Scheme, retail investors can invest a
minimum of __________ and in multiples thereof in Central Government
Securities, State Government Securities and Treasury Bills.
[1] Rs 8,000
[2] Rs 10,000
[3] Rs 15,000
[4] Rs 20,000
[5] None of the above

Answer: [2] Rs 10,000

Q.75) As per announcement made by Union Minister for Finance recently
(November 2021), Department of Economic Affairs has approved how much
amount for IFSCA FinTech Scheme?
[1] Rs 75.12 crore
[2] Rs 82.15 crore
[3] Rs 112.65 crore
[4] Rs 45.75 crore
[5] Rs 85.34 crore

Answer: [4] Rs 45.75 crore