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Detailed Questions with Solution asked in
RBI Grade B 2019 Phase 2 (FM)
57 Questions out of 65 from EduTap’s Course (87 out of 100 Marks)

Area of Syllabus: Motivation


Q.1) Which theory says that in an organization, employees compare themselves on the basis of
input and output of their colleagues?
a. Valence Theory
b. Equity Theory
c. Theory X & Y
d. Self-efficacy Theory
Answer: Equity Theory

Coverage in the EduTap Course (Source): Chapter – Motivation Part 2

It could have been answered directly from the course

Screenshot from our Course: Given below

Area of Syllabus: GST


Q.2) A council which governs all the issues related to GST is headed by?
a. Prime Minister
b. Finance Minister
c. Finance Secretary
d. Revenue Secretary
Answer: Finance Minister

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Coverage in the EduTap Course (Source): Chapter – GST

It could have been answered directly from the course

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Area of Syllabus: Fiscal Policy


Q.3) In India, Fiscal Policy is implemented through a budget. Which government body is
responsible for it?
a. RBI
b. Finance Ministry
c. PMO
d. RBI & Finance Ministry
Answer: Finance Ministry

Coverage in the EduTap Course (Source): Chapter – Fiscal Policy

It could have been answered directly from the course

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Area of Syllabus: Risk Management in Banking Sector
Q.4) Geneva based, Basel committee on Banking supervision has come up with Basel Norms, which
have been formed to address which issues?
a. Market risk
b. Political risk
c. Bank risk
d. Systemic risk
Answer: Bank Risk

Coverage in the EduTap Course (Source): Chapter – Risk Management

It could have been answered directly from the course

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Area of Syllabus: Basics of Derivatives
Q.5) Derivatives are financial instruments to hedge risk. It derives its value from which of the
following?
a. Exchange determined
b. Fixed by SEBI
c. Underlying
d. Market determined
Answer: Underlying

Coverage in the EduTap Course (Source):

Chapter – Derivatives – Futures. Forwards and Swaps

It could have been answered directly from the course

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Area of Syllabus: Risk management in Banking Sector
Q.6) Which of the following risk can be eliminated by derivatives?
a. Market risk
b. Systemic risk
c. Systemic risk
d. Interest rate risk
Answer: Interest Rate risk

Coverage in the EduTap Course (Source): Chapter – Derivatives – Futures. Forwards and Swaps

It could have been answered directly from the course

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Area of Syllabus: Financial instruments
Q.7) Treasury Bills is a financial instrument, which is a:
a. Corporate issued securities
b. RBI securities
c. Government securities issued by RBI for managing short term funding requirements
d. Security issued and managed by government

Answer: a government security issued by RBI for managing short term funding requirements

Coverage in the EduTap Course (Source): Chapter – Primary and Secondary Market- Debt Market

It could have been answered directly from the course

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Area of Syllabus: Financial instruments
Q.8) Commercial papers are issued for what purpose?
a. By banks for managing liquidity requirement
b. By government for managing short term requirements
c. By companies for short term
d. By local government bodies
Answer: By companies for short term
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Coverage in the EduTap Course (Source): Chapter – Primary and Secondary Market- Debt Market

It could have been answered directly from the course

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Area of Syllabus: Management Process


Q.9) Who gave the management principle of ‘MBO’?
a. Philip Kotler
b. Michael Porter
c. Henri Fayol
d. Peter Ducker
Answer: Peter Ducker

Coverage in the EduTap Course (Source): Chapter – General Management- Part 1

It could have been answered directly from the course

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Area of Syllabus: Motivation
Q.10) Alderfer has condensed 5 needs of Maslow’s theory into 3 categories of human needs in
which theory?
a. Expectancy Theory
b. Hygiene Theory
c. Reduction Theory
d. ERG Theory
Answer: ERG Theory

Coverage in the EduTap Course (Source): Chapter – Motivation Part 1

It could have been answered directly from the course

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Area of Syllabus: Financial Inclusion by use of technology


Q.11) Recently, AI robot named ‘Lakshmi’ has been deployed by which bank in its Mumbai branch?
a. ICICI Bank
b. HDFC Bank
c. City Union Bank
d. SBI Bank
Answer: City Union Bank

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Coverage in the EduTap Course (Source): This is not covered in EduTap’s Course.

Area of Syllabus: Performance Appraisal


Q.12) For the first time, which of the following companies formally practiced the 360-degree
feedback appraisal?
a. ESSO- Exxon Mobil
b. General Electric
c. Tech Mahindra
d. Infosys
Answer: General Electric

Coverage in the EduTap Course (Source): Chapter – HRD Part 1

It could have been answered directly from the course. Some people thought that ESSO is the
answer but that is not right because ESSO was the first organization to use surveys for feedback
which was not exactly the same as 360 degree feedback

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Area of Syllabus: HRD


Q.13) A person moves through various organizational roles through his career in an organization.
This process as _________
a. Career travel
b. Career Path
c. Career Hierarchy
d. Career Progress
Answer: Career Path

Coverage in the EduTap Course (Source): Chapter – HRD Part 2


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It could have been answered directly from the course.

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Area of Syllabus: Corporate Governance


Q.14) Operational Risk in an organization arises from which of the following reasons?
a. New regulatory norms
b. Inadequate internal control process
c. Inadequate external control process
d. Strict internal control process
Answer: Inadequate internal control process

Coverage in the EduTap Course (Source): Chapter – Risk Management

It could have been answered directly from the course.

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Area of Syllabus: Performance Appraisal
Q.15) Which of the following assessment process analysis an employee’s personality traits &
psychological process to assess his future potential?
a. Emotional Appraisal
b. Counselling
c. Career review
d. Psychological Appraisal
Answer: Psychological Appraisal
Coverage in the EduTap Course (Source): This was not covered in EduTap’s Course

Area of Syllabus: HRD


Q.16) Which of the following is a 4 – stage training evaluation model?
a. Daniel Goleman
b. Clayton
c. Kirkpatric
d. Joseph Shumpeter
Answer: Kirkpatric model

Coverage in the EduTap Course (Source): Chapter – HRD Part 2

It could have been answered directly from the course.

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Area of Syllabus: Financial Instruments
Q.17) In hypothecation_________?
a) only value of asset is transferred
b) Only ownership is transferred
c) Both value & ownership is transferred
d) Neither value & ownership is transferred
e) None of the above options

Answer: d) Neither value & ownership is transferred

Coverage in the EduTap Course (Source): This is not covered in EduTap’s Course

Area of Syllabus: Inflation- Trends, estimates, consequences, remedies


Q.18) Which of the following phenomenon includes High inflation & high unemployment?
a. Hyperinflation
b. Deflation
c. Disinflation
d. None of the above
Answer: None of the above (Stagflation is the answer which was not in options)

Coverage in the EduTap Course (Source): Chapter – Inflation

It could have been answered directly from the course.

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Area of Syllabus: Functions and conduct of monetary policy


Q.19) If Reserve Bank decreases cash reserve requirements for the banks, then banks will be able
to?
a. Lend less credit
b. Increase interest rate
c. Lend more credit
d. Decrease interest rate
Answer: Lend more credit
Coverage in the EduTap Course (Source): Chapter – Primary & Secondary Markets – Debt Markets
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It could have been answered directly from the course.

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Area of Syllabus: Leadership


Q.20) A leadership theory in which dyadic relationship between leaders & followers are formed is
known as _______?
a. CRT Theory
b. LMX Theory
c. Vroom Model
d. Path Goal Theory
Answer: LMX Theory

Coverage in the EduTap Course (Source): Chapter – Leadership Part 2

It could have been answered directly from the course.

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Area of Syllabus: Leadership
Q.21) A leadership style in which rewards are given for contingent Performance.
a. Transformational
b. Managerial
c. Transactional
d. Bureaucratic
Answer: Transactional Leadership

Coverage in the EduTap Course (Source): Chapter – Leadership Part 1:

It could have been answered directly from the course.

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Area of Syllabus: Concept of Morale
Q.22) Which of the following is the indicator of ‘Low Morale’ in team?
a. High Output
b. Low level of the motivation of some employee
c. High labor turnover
d. High level of motivation
Answer: High Labor Turnover

Coverage in the EduTap Course (Source): Chapter – Motivation Part 2

It could have been answered directly from the course.

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Area of Syllabus: Leadership- Leaders’ Task, styles, theories


Q.23) A description was given regarding a person’s intellectual abilities.
A person’s intellectual abilities, decision making capabilities, his behavior under high stress
situations can be termed as______
a. Intellectual Traits
b. Personality Types
c. Personality Traits
d. Personality Variables
Answer: Personality trait (One of the options was intellectual trait)

Coverage in the EduTap Course (Source): Chapter – Fringe Topic (Organizational Behavior Part 3)

It could have been answered from the course.One could easily infer that question is talking about
personality Traits

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Area of Syllabus: GST
Q.24) Which of the following items doesn’t come under GST?
a. Gold
b. Petroleum Products
c. Salt
d. Milk
Answer: Petroleum Products

Coverage in the EduTap Course (Source): Chapter – GST

It could have been answered directly from the course.

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Area of Syllabus: Risk management in banking sector
Q.25) In Banking Sector, Market risk arises mainly due to ___
a. Political factors
b. External factors
c. Natural calamities
d. Internal factors
Answer: External Factors

Coverage in the EduTap Course (Source): Chapter – Risk Management

It could have been answered from the course. Understanding Market Risk from the course could
have easily lead to conclusion that External Factors are responsible for Market Risk

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Area of Syllabus: Banking system in India


Q.26) Which of the following is not a fund-based transaction?
a) Recurring Deposit
b) Fixed credit
c) Cash credit
d) Letter of credit

Answer: Letter of credit

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Coverage in the EduTap Course (Source): Chapter – Current Affairs (RBI Notifications)

It could have been answered directly from the course.

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Area of Syllabus: Financial Instruments- Bonds


Q.27) Which of the following a characteristic of Bond and not a characteristic of Equity?
a. Dilution of ownership
b. Fixed income
c. variable income
d. Dividend
Answer: Fixed Income

Coverage in the EduTap Course (Source): Chapter – Bonds

It could have been answered from the course.

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Area of Syllabus: Banking system in India
Q.28) Which of the following type of banks, act as government of India agent for financial
inclusion in rural area?
a. BCs
b. Private Banks
c. PSBs
d. RRBs
Answer: RRB

Coverage in the EduTap Course (Source):

Chapter – Banking and Financial System in India

It could have been answered directly from the course.

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2 Markers:

Paragraph 1

Area of Syllabus: Leadership

Description was given about the reddens 3D Leadership model featuring 4 types of leadership
style –

1. Integrated
2. Related
3. Separated
4. Dedicated

Area of Syllabus: Leadership


Q.1) Leader enjoys involving team members & creating social bond & allows more freedom.
Which leadership style is described above?
a. Integrated
b. Separated
c. Related
d. Dedicated
Answer: Related

Coverage in the EduTap Course (Source): Chapter – Leadership Part

This is not covered in EduTap’s Course. But since in the paragraph the leadership styles under this
theory were explained, it could have been done easily

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Area of Syllabus: Leadership
Q.2) A manager retains the cooperative nature of the group and encourages 2-way
communication. Which leadership is described above?
a. Integrated
b. Separated
c. Related
d. Dedicated
Answer: Integrated

Coverage in the EduTap Course (Source): Chapter – Leadership Part

This is not covered in EduTap’s Course. . But since in the paragraph the leadership styles under
this theory were explained, it could have been done easily

Area of Syllabus: Leadership


Q.3) The managerial grid theory on which reddens model is based, was given by
a. Tannenbaum and Schmidt
b. Blake & Mouton
c. Huneryager and Heckman
d. Hersey & Blanchard
Answer: Blake & Mouton

Coverage in the EduTap Course (Source):

Chapter – Leadership Part 1

It could have been answered directly from the course.

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Paragraph 2

A paragraph was given describing the importance of corporate governance & iyts two mechanism
of control- Internal & external.
Corporate governance practices in small & large organization were also discussed.

Area of Syllabus: Corporate Governance


Q.4) Which of the following is related to external mechanism of corporate governance?
a. Company policy
b. Internal audit
c. Reporting to Industry body
d. All of the above
Answer: Reporting to industry governing body

Coverage in the EduTap Course (Source): Chapter – Corporate Governance

It could have been answered from the course. This can be inferred from External Mechanisms
given in chapter Corporate Governance in FM

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Area of Syllabus: Corporate Governance
Q.5) Which of the following objectives are achieved through internal corporate governance
mechanism?
a. Avoid customer Dissatisfaction
b. Compliance to avoid legal complications
c. Improved employee performance
d. To curb malpractices across industry
Answer: Compliance to avoid legal complications

Coverage in the EduTap Course (Source): Chapter – Corporate Governance

It could have been answered from the course. This can be inferred from Internal Mechanisms
given in chapter Corporate Governance in FM

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Area of Syllabus: Corporate Governance
Q.6) Which of the following is a secondary stakeholder in corporate governance.
a. Customers
b. Employee
c. Shareholders
b. Government bodies
Answer: Government Bodies

Coverage in the EduTap Course (Source): Chapter – Corporate Governance

This is not covered in EduTap’s Course

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Paragraph 3

Paragraph was given in which ‘PJ Nayak’ committee was mentioned and how a body has been
created as per its recommendations.
It, further went on to describe the recent RBI fit and proper guidelines regarding corporate
governance for banking sector.

Area of Syllabus: Corporate Governance in Banking Sector


Q.7) Which of the following body was created in 2017 as per ‘PJ Nayak ‘committee
recommendations?
a. IBBI
b. IBC
c. Payment Banks
d. Bank Board Bureau
Answer: Banks Board Bureau

Coverage in the EduTap Course (Source): Chapter – Current Affairs Magazine – April 2019

It could have been answered directly from the course.

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Area of Syllabus: Corporate Governance in Banking Sector
Q.8) As per the recent RBI guidelines, Fit and proper guidelines are applicable to:
a. RRBs
b. Cooperative banks
c. Private banks
d. PSBs
Answer: Only PSBs (Public Sector Bank)

Coverage in the EduTap Course (Source): Chapter – Current Affair Magazine of August 2019

It could have been answered directly from the course.

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Area of Syllabus: Corporate Governance in Banking Sector
Q.9) As per the recent RBI guidelines, maximum number of non-executive directors in NRC
committee will be?
a. 5
b. 3
c. 6
d. 10
Answer: 3

Coverage in the EduTap Course (Source): Chapter – Current Affair Magazine of August 2019

It could have been answered directly from the course.

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Paragraph 4

Paragraph was given describing economic reform in India starting from 90’s. Apart from that, recent
disinvestment policy was also discussed in the context of economic reforms.
Also discussed about Bank mergers.

Area of Syllabus: Public Sector Reform- Disinvestment


Q.10) Reforms introduced in 90’s was also Known as
a. Globalization, Industrialization and Liberalization
b. Industrialization, Privatization and Liberalization
c. Globalization, Privatization and Industrialization
d. Globalization, Privatization and Liberalization
Answer: GPL (Globalization, Privatization and Liberalization)

Coverage in the EduTap Course (Source): Chapter – Role of Economic Planning Chapter of ESI

It could have been answered directly from the course.

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Area of Syllabus: Public Sector Reform- Disinvestment

Q.11) Which of the following sectors have been exempted from the disinvestment process?
a. Power & Railway
b. Atomic power & Railway with certain exceptions
c. Atomic power & Railway
d. Defense & Power
Answer: Atomic power & Railway with certain exceptions

Coverage in the EduTap Course (Source): Chapter - Disinvestment

This is not covered in EduTap’s course

Area of Syllabus: Public Sector Reform- Disinvestment


Q.12) Which bank was merged with Bank of Baroda?
a. Dena Bank & UCO Bank
b. Vijaya Bank & UCO Bank
c. Dena Bank & Vijaya Bank
d. OBC & Vijaya Bank
Answer: Dena Bank and Vijaya Bank

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Coverage in the EduTap Course (Source): Chapter – Current Affairs Magazine – April 2019

It could be directly answered from the course

Screenshot from Course : Given Below

Paragraph 5

A paragraph was given regarding incentives & its effects on employee’s motivations. It also said that
most of the times, incentives are not fruitful.
It also talked about team morale and how annual rewards & bonus are not effective.

Area of Syllabus: Role of Incentives in Building Up Morale


Q.13) In an organization, employee’s morale can be boosted by providing
a. High incentives to best performer
b. Higher bonus
c. Incentives to best performer
d. Equal opportunities to earn incentives
Answer: Equal opportunities to earn incentives

Coverage in the EduTap Course (Source): Chapter – Motivation Part 2

It could have been answered from the course. It was bit application based question in which one
has to be clear that Morale is group concept so morale can be higher only when everyone in the
team is given an opportunity to earn incentive
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Area of Syllabus: Role of Incentives in Building Up Morale


Q.14) The best strategy to boost morale of a team is
a. To provide incentives immediately after target is achieved
b. To provide incentives to all the employees at same time
c. To provide higher bonuses
d. To reward select few employee
Answer: To provide incentives to all the employees at same time.

Coverage in the EduTap Course (Source): Chapter – Motivation Part 2

It could have been answered from the course. It was bit application based question in which one
has to be clear that Morale is group concept so morale can be higher only when incentives are
given to everyone at the same time so that overall team feels good

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Area of Syllabus: Role of Incentives in Building Up Morale
Q.15) An organization uses incentives to motivate employee along with
a. Minimizing operational challenges
b. Taking leading position in industry
c. Achieving business goals
d. Attracting more talented employee
Answer: Achieving business goals

Coverage in the EduTap Course (Source): Chapter – Motivation Part 2

It could have been answered from the course. It was bit application based question in which one
has to be clear that actual motive behind company providing motivation to employees is to
achieve business goals

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Paragraph 6

Area of Syllabus: Communication


A paragraph was given contrasting oral & written communication with advantages of
communication.

Area of Syllabus: Communication


Q.16) Written communication is preferred in formal communication, because
a. It is instantaneous
b. It require less effort and can be conveyed to large number of people
c. It can be stored & documented for legal validation
d. It is cost effective
Answer: It can be stored & documented for legal validation

Coverage in the EduTap Course (Source): Chapter – Communication

It could have been answered directly from the course.

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Area of Syllabus: Communication
Q.17) Which of the following is an advantage of written communication?
a. It is fastest mode of communication
b. It can be conveyed to large number of people at the same time
c. It can be presented as legal proof
d. It can be presented as legal proof
Answer: Written communication can be presented as legal proof

Coverage in the EduTap Course (Source): Chapter – Communication

It could have been answered directly from the course.

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Area of Syllabus: Communication
Q.18) Which of the following is true about oral communication?
a. Oral communication is not prone to distortion
b. Oral communication is free of error of interpretation
c. Oral communication is not useful in addressing large number of people
d. Oral communication retains same aspect of social relationship as cue

Answer: Oral communication retains same aspect of social relationship as cue.

Coverage in the EduTap Course (Source): Chapter – Communication

It could have been answered from the course. It could be inferred from course that Oral
communication aims at providing strong social relationship

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Paragraph 7

Paragraph was given –


Describing mintzberg theory and Various managerial roles

Area of Syllabus: Role of a Manager in an Organisation


Q.19) A leader who shares information with team members is an example of
a. Spokesperson
b. Liaison
c. Disseminator
d. Disturbance Handler
Answer: Disseminator Role

Coverage in the EduTap Course (Source): Chapter – General Management Part 3

It could have been answered from the course.

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Area of Syllabus: Role of a Manager in an Organisation
Q.20) A leader who on the behalf of the company addresses a meeting organized by industry body is
playing the role of
a. Spokesperson
b. Liaison
c. Disseminator
d. Disturbance Handler
Answer: Spokesperson

Coverage in the EduTap Course (Source):

Chapter – General Management Part 3

It could have been answered directly from the course.

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Area of Syllabus: Role of a Manager in an Organisation
Q.21) A leader who states a plan and allocates the resources is playing a role of
a. Resource Allocator
b. Planner
c. Entrepreneurship
d. Figure Head
Answer: Resource Allocator

Coverage in the EduTap Course (Source): Chapter – General Management Part 3

It could have been answered directly from the course.

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Paragraph 8

A paragraph was given describing capital market importance of financial instruments.

Area of Syllabus: Primary and Secondary Market


Q.22) Capital market facilitates issuance of new securities & their trading. Which type of capital
market facilitates IPO?
a. Primary
b. Secondary
c. Primary and Secondary
d. Primary and Forex
Answer: Primary

Coverage in the EduTap Course (Source): Chapter – Primary and Secondary Markets (Debt
Markets)

It could have been answered directly from the course.

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Screenshot from our Course: Given below

Area of Syllabus: Primary and Secondary Market


Q.23) Which type of buyer has the right to sell the security before maturity?
a. Call Buyer
b. Put Buyer
c. Put Seller
d Call Seller
Answer: Put buyer

Coverage in the EduTap Course (Source): Chapter – Derivative – Options

It could have been answered directly from the course.

Screenshot from our Course: Give below

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Area of Syllabus: Primary and Secondary Market
Q.24) A bond which matures multiple time over a period of time and can also be redeemed
multiple time
a. Series Bond
b. Multiple Bond
c. Multi Bond
d. Serial Bond
Answer: Serial bond

Coverage in the EduTap Course (Source): Chapter - Bonds

This is not covered in Edutap’s Course

Paragraph 9

A paragraph was given about FRBM act and its recommendations. It also described why fiscal
deficit is the ultimate measure of financial health?

Area of Syllabus: Fiscal Policy and FRBM


Q.25) If we deduct interest payment from Fiscal deficit, it known as:
a. Revenue Deficit
b. Primary Deficit
c. Budget Deficit
d. Secondary Deficit

Answer: Primary Deficit

Coverage in the EduTap Course (Source): Chapter – Fiscal Policy

It could have been answered directly from the course.

Screenshot from our Course: Give below

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Area of Syllabus: Fiscal Policy and FRBM

Q.26) Which of the following is not the mode of deficit financing?


a. Borrowings
b. Issuing more government securities
c. Increasing tax rate
d. Issuing treasury securities
Answer: Increasing tax rate

Coverage in the EduTap Course (Source): Chapter – Fiscal Policy

It could have been answered from the course. It can be inferred that Deficit financing is through
Borrowing or printing new funds, so increasing tax cannot be mode of financing

Screenshot from our Course: Given below

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Area of Syllabus: Fiscal Policy and FRBM

Q.27) Government measures to manage its finance by fiscal consolidation leads to

a. Increase government expenditure

b. Increased borrowings

c. Reduced tax collection

d. Decreasing tax rates

Answer: Reduce government expenditure

Coverage in the EduTap Course (Source): Chapter – Fiscal Policy

It could have been answered from the course. It can be inferred that Deficit Consolidation is
through Reducing Total Expenditure or increasing total receipts, so fiscal consolidation can be
done through Reducing Total Expenditure

Screenshot from our Course: Given below

Paragraph 10

A paragraph was given describing about planning and how a person decides and progress in its
career.

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Area of Syllabus: Career Planning, Training and Development
Q.28) A process in which a person seeks guidance & advance from his mentor is:
a. Career Planning
b. Career Counselling
c. Career Target
d. Career Path

Answer: Career counselling

Coverage in the EduTap Course (Source): Chapter – HRD Part 2

It could have been answered from the course. If one has understood the Performance Counseling
then one could have easily understood the meaning of Career Counseling

Screenshot from our Course: Give below

Area of Syllabus: Career Planning, Training and Development

Q.29) Throughout his career, a person moves across various positions travelling through
horizontal, lateral hierarchy is known as:
a. Career Progress
b. Career Goal
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c. Career Target
d. Career Path

Answer: Career Path

Coverage in the EduTap Course (Source): Chapter – HRD Part 2

It could have been answered directly from the course.

Screenshot from our Course: Given below

Area of Syllabus: Career Planning, Training and Development

Q.30) A person’s vertical movement across the organization hierarchy is termed as:
a. Career Hierarchy
b. Career Ladders
c. Career Target
d. Career Path

Answer: Career Ladders

Coverage in the EduTap Course (Source): Chapter – HRD Part 2

It could have been answered directly from the course.

Screenshot from our Course: Given below

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Paragraph 11

A paragraph was given by small financial organization & financial inclusion

Area of Syllabus: Financial Inclusion

Q.31) Which of the following is of Micro- Finance institution is a universal bank now?
a. ESAF Finance Bank
b. Bandhan Financial service
B. Ujjivan Finance Bank
c. AU Small Finance Bank

Answer: Bandhan Financial service Ltd

Coverage in the EduTap Course (Source): Chapter – Financial Inclusion and Current Affairs
Magazines

It could have been answered directly from the course. The meaning of Micro-Finance Institutions
is covered in the financial Inclusion chapter and Bandhan Financial Serviced limited is a bank now
could be gauged from the current affairs

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Area of Syllabus: Financial Inclusion

Q.32) Which of the following is not a scheme related to financial inclusion?


a. Jan Dhan Scheme
b. Easy KYC norms

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c. MUDRA Scheme
d. Banking Correspondence
Answer: Mudra

Coverage in the EduTap Course (Source): Chapter – Financial Inclusion

It could have been answered directly from the course. Lot of people were confused between KYC
and Mudra. But the answer is Mudra as Simplified KYC norms are related to Financial Inclusion

Screenshot from our Course: Given below

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Area of Syllabus: Financial Inclusion

Q.33) Which of the following acts as agent of Micro- Financial institutions?


a. Insurance Companies
b NBFCs
c. Self-Help Groups
d. Regional Rural Banks

Answer: Self-help group

Coverage in the EduTap Course (Source): Chapter – Financial Inclusion

It could have been answered directly from the course.

Screenshot from our Course: Given below

Paragraph 12

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A paragraph was given regarding measurement of growth & its calculations.

Also, role of budget in economic growth was discussed.

Area of Syllabus: Budget and Fiscal Policy


Q.34) GDP is measured on the basis of which base year?
a. 2005-06
b. 2011-12
c. 2001-02
d. 2014-15

Answer: 2011-12

Coverage in the EduTap Course (Source): Chapter - Measurement of Growth and National Income
in ESI

It could have been answered directly from the course.

Screenshot from our Course: Given below

This is covered in chapter Measurement of Growth and National Income in ESI

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Area of Syllabus: Budget and Fiscal Policy

Q.35) Which of the following is not an example of developmental expenditure?


a. Grants to states
b. Developing Infrastructure Project
c. Defense Expenditure
d. Developing Railways

Answer: Defense Expenditure

Coverage in the EduTap Course (Source): Chapter – Fiscal Policy

It could have been answered from the course. Developmental Expenditure is done by the
government which helps in economic development by increasing production and real income of
the country. It could be inferred from the notes that Defense though a capital expenditure does
not help in development of nation

Screenshot from our Course: Given below

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