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


Q51) Fill in the blanks with the correct opiton: ____________ energy generated by ____________ windmill drives all the drainage pumps. Show Answer


Q52) Choose the correct meaning for the underlined idioms/phrase.
The old man was advised by his friends to rest on his laurels. Show Answer


Q53) A good presenter in front of an audience is likely to checy which of the following? Show Answer


Q54) Oriental Bank of Commerce and United Bank of India will merge into which of the following banks with effect from 1st April, 2020? Show Answer


Q55) In July, 2020 'Ease of doing Business for Aatma Nirbhar Bharat' a national digital conference was organized by Confederation of Indian Industry (CII) in partnership with Department for promotion of investment and internal Trade. This session was inaugurated by Show Answer


Q56) In April, 2020 the Cyber Co-ordination Centre (CyCord) under the Union Ministry of Home Affairs, issued an advisory on secure use of which of the following applications by private individuals? Show Answer


Q57) Which of the following statement is correct as per the guideliness issued by SEBI in relation to new margin and pledge system?
(i) Margin Shortage Penalty will also be applicable in cash segment.
(ii) Margin Shortage Penalty will not be applicable in cash segment.
(iii) Margin Shortage Penalty will be applicable only in derivative segment. Show Answer


Q58) Which of the following industry sector has been declared as a Public Utility Service against the backdrop of the coronavirus pandemic for six month till October, 21 to avoid any strikes by the employees? Show Answer


Q59) In September 2020, new regulation with reference to diversification of Multi-Cap Mutual Funds investments in large caps, mid-caps and small caps was announced by which regulatory body? Show Answer


Q60) In March 2021, Government of India passed the NaBFID Bill that seeks to establish a bank to Fund Infrastructure Projects in India NaBFID stand for Show Answer


Q61) As per the Finance Ministry, India witnessed strong FPI inflows into the equity markets to the tune of 2,74,034 crore during 2020-21 despite outbreak of Covid - 19 what does FPI Stand for? Show Answer


Q62) With a view to further strengthen financial inclusion in April 2021; the Reserve Bank of India (RBI) has enhanced the maximum balance limit per individual customers of payments banks. The new limit is Show Answer


Q63) Credit rating agency, Moody's Investor Service has changed the outlook for which of the following banks to stable from negative? Show Answer


Q64) In December 2020, the Reserve Bank of India directed which of the following private sector banks to temporarily half all its digital launches as well as new sourcing of credit card customers due to recent outages in the bank's internet banking and payment system? Show Answer


Q65) Which International Financial Institution has its headquarters in Manila, Philippines? Show Answer


Q66) With effect from 1st January 2021, Central Board of Indirect Taxes and Customs (CBIC) has mandated GST tax payers to pay at least 1% of their tax liability in cash for business with monthly turnover of more than Show Answer


Q67) Who among the following has been re-appointed as the MD and CEO of Axis Bank? Show Answer


Q68) In May 2021, the Cabinet Committee on Economic Affairs (CCEA), has given its in principle approval for strategic disinvestment along with transfer of management control in which of the following banks? Show Answer


Q69) Which of the following options is INCORRECT with reference to the core functions of Reserve Bank of India? Show Answer


Q70) Choose the correct article, to complete the sentence:
She was searching for ______ pen. Show Answer


Q71) Read the dialogue and choose the most appropriate option to complete the dialogue:
Singer: I am so grateful to all the organizers for such wonderful arrangements
Organisers: ………..
Singer: I look forward to such events in future as well. Show Answer


Q72) Read the dialogue and choose the most appropriate option to complete the dialogue Mother: Can you cook only today?
Daughter: Why do you want me to cook?
Mother:………… Show Answer


Q73) Read the dialogue and choose the most appropriate option to complete the dialogue:
Gardner: Sir, I need some implements and extra seeds.
Owner:…………..
Gardner: But how will I maintain the garden, Sir? Show Answer


Q74) Read the dialogue and choose the most appropriate option to complete the dialogue:
Customer: Are all the sweets freshly made?
Shopkeeper: Yes Sir Customer: Can you pack 1kg of Burfi please.
Shopkeeper: ………… Show Answer


Q75) Choose the correct meaning of the phrase/idiom underlined in the sentence:
His adversaries "moved heaven and earth" to get him dismissed. Show Answer


Q76) Identify the meaning of the Underlined phrase / idiom:
Ram is not hard working but success seems "to land on his lap". Show Answer


Q77) Fill in the blanks with the correct preposition:
The stone hit the thief _________ his shoulder. Show Answer


Q78) While speaking during the presentation the presenter must Show Answer


Q79) In a presentation one must accept feedback that is Show Answer


Q80) Choose the correct article to complete the sentence.
The advertisement appeared in ___________ Times of India Show Answer


Q81) Read the dialogue and choose the most appropriate option to complete the dialogue:
Greshma is your dog friendly?
Dog Owner:………..
Greshma: Mine is not friendly. Show Answer


Q82) Read the dialogue and choose the most appropriate option to complete the dialogue.
Teacher: Tomorrow the class between 3 and 4 in the evening is cancelled students ……………..
Teacher: We are organising a fire safety drill. Show Answer


Q83) Read the dialogue and choose the most appropriate option to complete the dialogue.
Brother: Have you seen my bike keys?
Sister: I have seen them under the table.
Brother: …………… Show Answer


Q84) Read the dialogue and choose the most appropriate option to complete the dialogue customer is your shop opened tomorrow?
Shopkeeper:…………
Customer: OK Forgot tomorrow is Sunday. Show Answer


Q85) Identify the meaning of the underlined phrase/idiom:
The Government "did away" the free school meals. Show Answer


Q86) Identify the meaning of the underlined phrase/ idiom:
He cut the long story short as he had no patience for vivid "description". Show Answer


Q87) Fill in the blanks with the correct preposition:
The highlight _________ the show is its music. Show Answer


Q88) In 2021, which of the following bodies published Pandora Papers the 11.9 million leaked files from 14 global corporate services firms? Show Answer


Q89) In August 2021, the Life Insurance Corporation of India (LIC) launched the mobile application of its digital paperless solution for agents inter meditaries to facilitate the on boarding of prospective customers identify the name of this app. Show Answer


Q90) In October 2021, Government of India signed a share purchase agreement with Tata Sons for sale of which of the following airlines for Rs. 18,000 Crore? Show Answer


Q91) In October 2021, India handed over 349 Km. Long cross-border rail link to Nepal Government, which is likely to enhance trade and commerce activities and people to people linkage between both the countries. It connects Kurtha in Nepal to Jayanagar in which of the following states of India? Show Answer


Q92) Read the following statements and choose the CORRECT answer?
(i) In November 2021, the Reserve Bank - integrated ombudsman scheme was launched by the Hon'ble Prime Minister which aims to improve the grievance redress mechanism for resolving customer complaints against entities regulated by the central bank.
(ii) The Reserve Bank - integrated ombudsman scheme adopts 'One Nation One Ombudsman' approach by making the RBI Ombudsman mechanism jurisdiction neutral. Show Answer


Q93) Identify the name of the asset monetisation plan unveiled in September 2021, by the Government of India wherein existing public assets worth Rs. 6 trillion would be monetized by leasing them out to private operators for fixed terms. Show Answer


Q94) Identify the one of the founding members of BharatPe who resigned in March 2022 over Corporate Governance issues. Show Answer


Q95) NIXI a not for profit company under the ages of the ministry of Electronics and information Technology launched Digital payment Gateway in November 2021 with a mission to make the internal accessible to everyone NIXI stands for: Show Answer


Q96) World Investor week (WIW) a global investor awareness campaign was celebrated in India from November 22-28-2021. Which of the following Organisation is the national coordinator for WIW 2021 in India? Show Answer


Q97) In February 2022, Prime Minister Narendra Modi flagged of 100 made in India agricultural drones as a part of the “Drone Kisan Yatra” these drones have been manufactured by which of the following start up? Show Answer


Q98) In February 2022 who among the following has been appointed as the Chairperson of the Insolvency and Bankruptcy Board of India (IBBI)? Show Answer


Q99) Identify the Summit Organized during February 7-28-2022 by NITI Aayog in Collaboration with Phonepe. Amazon web services (AWS) and EY in order to showcase the importance of the Fintech industry. Show Answer


Q100) Identify the former CEO of National stock Exchange (NSE) arrested in March 2022 in connection with the co-location scam case and is accused of governance lapses by SEBI – Show Answer


Q101) The Institute of Company Secretaries of India organized the 21 edition of ICSI National Awards for Excellence in Corporate Governance 2021, in Show Answer


Q102) India has been re-elected to the UNHRC, for a sixth term in October 2021, with an overwhelming majority UNHRC stands for – Show Answer


Q103) In February 2022, the Reserve Bank of India (RBI) issued a warning against which carpooling app, stating that this firm was operating a semi – closed pre-paid instrument, without receiving authorization from the Central bank? Show Answer