Practice Test


Q1) The Reserve Bank of India barred which of the following bank from doing business for six
months? Show Answer


Q2) Which bank has revised the service charges for deposits, cash withdrawals, non-maintenance
in Average Monthly Balance (AMB) from October 1, 2019? Show Answer


Q3) Who has launched Aadhaar Enabled Payment System (AePS) Services recently? Show Answer


Q4) Name the new Export Credit Insurance Scheme (ECIS) launched by Export Credit Guarantee
Corporation (ECGC) to ease the lending of loan to exporters. Show Answer


Q5) Which Payment bank has launched “Bharosa” savings account services by which customer
can get personal accident insurance up to Rs 5 Lakh, even with the minimum balance of
Rs.500? Show Answer


Q6) Which Bank’s president, Take hiko Nakao has announced his resignation effective from
January 16, 2020? Show Answer


Q7) Who will head the committee constituted by Securities and Exchange Board of India(SEBI)
to suggest possible measures and regulations in creating the ‘social stock exchanges’ ? Show Answer


Q8) Who headed the expert committee that recommended Reserve Bank of India (RBI) to revise
the guidelines on concurrent audit system? Show Answer


Q9) What is the increased loan limit for small exporters sanctioned by Reserve Bank of India (RBI)
in order to boost credit to the export sector?
Show Answer


Q10) Who was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of
Federal Bank? Show Answer


Q11) In Budget 2020-21,How much percentage is raised for customs duty on auto and auto parts ? Show Answer


Q12) How much amount is announced for national infrastructure pipeline projects, in budget 2020-21 ? Show Answer


Q13) How many higher education institute will have apprenticeship program by march 2021 ? Show Answer


Q14) As per latest Budget 2020-21 , Where does the tribal museum is going to set up ? Show Answer


Q15) As per budget 2020-21 , By which year Milk Processing Capacity to be doubled ? Show Answer


Q16) Which of the following bank's stake is sold to Private Investors ? Show Answer


Q17) How many tax payers have been added in GST ? Show Answer


Q18) Which is not among the 3 themes of budget 2020-21 ? Show Answer


Q19) which scheme has been launched for women self-help group in the budget ? Show Answer


Q20) How many empaneled hospital are there currently in Ayushman Bharat Scheme ? Show Answer


Q21) For faster claims settlement of Exporters, which scheme has been launched ? Show Answer


Q22) Five archaeological sites will be up with museum . Which is not one of the site ? Show Answer


Q23) Deposit insurance cover has been hiked from Rs. 1 lakh to what amount ? Show Answer


Q24) Government has decided to raise capital in LIC . It will done through which method ? Show Answer


Q25) Which scheme has been launched to clear 4.83 direct tax cases pending in various forums ? Show Answer


Q26) ICICI Bank announced expansion of its retail network in the country by adding how many new branches in FY'20 ? Show Answer


Q27) NEFT stands for ? Show Answer


Q28) Who presented the first union budget of Independent India ? Show Answer


Q29) Which of the following tax has been abolished in budget for FY 2020-21 ? Show Answer


Q30) In union budget 2020-21, The union government is set to launched 'Vivaad se vishwas' scheme . What is the main agenda of the scheme ? Show Answer


Q31) Which document will be issued instantly based on AADHAR details ? Show Answer


Q32) Which of the following is not a component of aspirational india in budget 2020-21 ? Show Answer


Q33) What is the new income tax percentage for income bracket 12.5-15 lakh ? Show Answer


Q34) Which of the following Archaelogical sites will be given iconic status ? Show Answer


Q35) In budget 2020-21 , the turnover threshold for audit of MSMEs has been increased from 1 crore to _ Show Answer


Q36) As per the budget 2020, india is set to become $ 5 trillion economy by the end of ? Show Answer


Q37) DICGC stands for Show Answer


Q38) Deposit Insurance Coverage for a depositor, is now increased from Rs .........to Rs ..................per depositor . Show Answer


Q39) Which of the following banks will merge together to form the country's second-largest lender. Show Answer


Q40) Which of the following banks will merge together to create the fourth largest public sector bank Show Answer


Q41) In order to promote growth and investment , a new provision has been inserted in the income-tax Act with effect from FY 2019-20 which allows any domestic company an option to pay income-tax at the rate of ...............subject to condition that they will not avail any exemption / incentive . Show Answer


Q42) In order to attract fresh investment in manufacturing and therby provide boost to 'make-in-India' intiative of the Government, another new provision has been inserted in the Income-tax Act with effect from FY 2019-20 which allows any new domestic company incorporated on or after 1st October 2019 making fresh investment in manufacturing , an option to pay income-tax at the rate of .................. Show Answer


Q43) Which bank has revised the service charges for deposits, cash withdrawals, non-maintenance in Average Monthly Balance [ AMB ] from October 1, 2019 ? Show Answer


Q44) Who was appointed as the managing Director [ MD ] and Chief Executive Officer [ CEO ] of federal Bank ? Show Answer


Q45) Chalasani Venkat Nageswar has been given the additional charge of deputy MD and CFO of which leading bank ? Show Answer


Q46) The Union Government has proposed to create how many self Help Groups by 2022 to support women to earn livlihood ? Show Answer


Q47) The RBI has issued a withdrawal limit of Rs 50,000 for the account holders of which bank? Show Answer


Q48) Rajeev Suri has announced his resignation as the CEO and President of which multinational telecommunications and information technology company ? Show Answer


Q49) Which court lifted RBI's ban on trading in virtual currencies ? Show Answer


Q50) According to the RBI notification, who will sign the new one Rupee currency note ? Show Answer