Mock 5
Mock 5
World Happiness Report is produced by the United Nations Sustainable Development Solutions Network in
partnership with which of the following organisation?
Unattempted
Correct Choice : c
Solution :
The World Happiness Report is a landmark survey of the state of global happiness that ranks 156 countries by
how happy their citizens perceive themselves to be.
The report is produced by the United Nations Sustainable Development Solutions Network in partnership with
the Ernesto Illy Foundation.
The first was released in April 2012 in support of a UN High level meeting on "Wellbeing and Happiness:
Defining a New Economic Paradigm".
                       Review                                                    Next
                                                                                                 ipradyumnas
As per 2018-19 Economic Survey, which of the following points are TRUE regarding Tax Revenue?
Unattempted
Correct Choice : d
Solution :
Budget 2018-19 envisaged a growth of 16.7 per cent in gross tax revenue (GTR).
Broadly, 51 per cent of GTR was estimated to accrue from direct taxes and the remaining 49 percent from
indirect taxes. Direct taxes have grown by 13.4 per cent owing to improved performance of corporate tax.
Indirect taxes have fallen short of budget estimates by about 16 per cent. This is largely owing to the
shortfall in GST revenues.
The GST collections are yet to stabilise, and several changes have been carried out following decisions of
the GST Council during the course of the year. These changes relate to rate rationalisation for goods and
services, changes in the threshold limits and exemptions granted.
    a) Ranjan Jain
    b) Sanjeet Seth
    c) Ajay Singh
    d) Madhur Deora
    e) None of these
Unattempted
Correct Choice : d
Solution :
Paytm announced the promotion of its Chief Financial Officer Madhur Deora as the company's President. He
served as Managing Director in Citigroup's investment banking business in New York, London and Mumbai. He
joined Paytm in October 2016.
Divij Shah was in recent news for securing a silver medal. He is related to which among the following fields?
    a) Cycling
    b) Wrestling
    c) Swimming
    d) Weightlifting
    e) Athletics
Unattempted
Correct Choice : a
Solution :
Indian para-athlete Divij Shah secured a silver while Gurlal Singh and Hand cyclist Sudhakar Marathe won
bronze medals at the Asian Road Para-cycling championships 2019 at Tashkent, Uzbekistan held on the month
of May.
______________ recently launched an ecological initiative with employing E Cars in partnership with Energy
Efficiency Services Limited (EESL).
    a) None of these
    b) Indian Army
    c) RBI
    d) PGCIL
    e) SBI
Unattempted
Correct Choice : b
Solution :
Indian Army has launched an ecological initiative with employing E Cars in partnership with Energy Efficiency
Services Limited (EESL). It plans to operate a batch of 10 E-Cars as a pilot project and increase the number of
E Cars in Delhi to ensure economy, efficiency and minimal emissions.
Union Minister for Chemicals and Fertilizers, in august, 2019 launched which of the following applications?
    a) Janaushadhi Sankalp
    b) Janaushadhi Suchaar
    c) Janaushadhi Sarveksahan
    d) None of these
    e) Janaushadhi Sugam
Unattempted
Correct Choice : e
Solution :
Union Minister for Chemicals and Fertilizers, D.V. Sadananda Gowda launched "Janaushadhi Sugam"- a
mobile application. It will enable people to search and locate the nearby Janaushadhi generic medicines and
stores.
____________ in July, 2019 decided to give a $100-million loan to L&T Infrastructure Finance Company for
wind and solar infrastructure projects in India.
    a) ADB
    b) NDB
    c) IMF
    d) AIIB
    e) None of these
Unattempted
Correct Choice : d
Solution :
Asian Infrastructure Investment Bank is set to give a $100-million loan to L&T Infrastructure Finance Company
for wind and solar infrastructure projects in India. This is the first time AIIB is extending a loan to a non-banking
finance company.
Export Credit Guarantee Corporation of India functions under the administrative control of which ministry?
a)   Ministry of Finance
b)   Ministry of Commerce & Industry
c)   Ministry of External Affairs
d)   Ministry of Statistics and Programme Implementation
e)   NITI Aayog
Correct
Your Choice : b
Correct Choice : b
Solution :
Export Credit Guarantee Corporation of India functions under the administrative control of the Ministry of
Commerce & Industry, Department of Commerce, Government of India.
ECGC Ltd, was established in July 1957 to strengthen the export promotion by covering the risk of exporting on
credit.
According to RBI guidelines, if a customer has any other existing savings account in the bank, he will be
required to close it within ________ days from the date of opening a 'Basic Savings Bank Deposit Account'.
    a) 10
    b) 20
    c) 30
    d) 40
    e) 50
Unattempted
Correct Choice : c
Solution :
Person will be required to close its existing savings account within 30 days from the date of opening a 'Basic
Savings Bank Deposit Account'.
The Basic Savings Bank Deposit Account or BSBDA is a Savings Account that does not have a minimum
balance. But it has maximum account balance that must be maintained. The BSBDA holder gets an ATM cum
Debit Card as a part of the account opening formalities.
Government approved the sanction of 5595 electric buses to 64 Cities, under FAME India scheme phase
II in order to give a further push to clean mobility in public transportation. What is the budget allocated for
the scheme in the union budget?
    a) ₹18,000 crore
    b) ₹7,000 crore
    c) ₹10,000 crore
    d) ₹15,000 crore
    e) ₹12,000 crore
Unattempted
Correct Choice : c
Solution :
Pushing ahead with its goal to have more electric vehicles to curb rampant pollution afflicting major cities
and trim costly oil imports, the government has started from 1 April 2019, the second phase of the Faster
Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME 2) scheme, with an outlay of ₹10,000
crore.
Finance minister Nirmala Sitharaman announced income tax rebates of up to ₹1.5 lakh to customers on
interest paid on loans to buy electric vehicles, with a total exemption benefit of ₹2.5 lakh over the entire loan
period. The minister also announced customs duty exemption on lithium - ion cells, which will help lower the
cost of lithium-ion batteries in India as they are not produced locally.
Who decides the distribution of income collected from the taxes between the states and centre in India?
a)   Indian Parliament
b)   Reserve Bank of India
c)   Indian government
d)   Finance Commission
e)   NITI Aayog
Correct
Your Choice : d
Correct Choice : d
Solution :
Article 270 permitted mandatory sharing of the net proceeds of income tax levied and collected by the Union
with the States. The Finance Commission has the power to make recommendations for the distribution of
income from taxes between ' the States and the Union. It also decides the manner of giving grants-in-aid and
financial assistance to the States.
The GST (Goods and Services Tax) Council lowered tax on electric vehicles to____________ % from the
earlier 12 % recently.
a)   10 %
b)   5%
c)   8%
d)   11 %
e)   6%
Correct
Your Choice : b
Correct Choice : b
Solution :
The Goods and Services Tax Council lowered tax on EV (Electric Vehicle) to 5 percent from 12 percent earlier.
It also reduced the tax rate on the EV chargers or charging stations to 5 percent from 18 percent. The new tax
rate will be effective from Aug. 1, 2019. GST Council is an apex member committee to modify, reconcile or to
procure any law or regulation based on the context of goods and services tax in India. The council is headed by
the union finance minister Nirmala Sitharaman assisted with the finance minister of all the states of India.
Small Finance Banks are licensed under Section ____ of the Banking Regulation Act, 1949.
a)   22
b)   18
c)   15
d)   8
e)   2
Correct
Your Choice : a
Correct Choice : a
Solution :
The main customers of small finance banks include micro industries, small and marginal farmers,
unorganized sector entities and small business units.
These are licensed under Section 22 of the Banking Regulation Act, 1949 and are governed by the
provisions of RBI Act, 1934 and FEMA.
This is a niche banking segment in the country and is aimed to provide financial inclusion to sections of the
society that are not served by other banks.
Correct Choice : c
Solution :
Contribution of the Indian economy to the GDP of EMDEs and world economy has increased consistently
over the years.
WEO report of International Monetary Fund (IMF) states that the growth of world economy will be bolstered
mainly by growth in China and India and their increasing weights in world income.
With Purchasing Power Parity (PPP) adjustments, India's GDP at current international dollar, ranks 3rd in
the world.
___________ session of the World Heritage Committee of United Nations Educational, Scientific and Cultural
Organization (UNESCO) was held at Baku in Azerbaijan.
    a) 34th
    b) 22nd
    c) 43rd
    d) 61st
    e) None of these
Unattempted
Correct Choice : c
Solution :
The 43rd session of the United Nations Educational, Scientific and Cultural Organization (UNESCO) World
Heritage Committee was held in Baku, Azerbaijan.
It inscribed a total of 29 new sites on the World Heritage List. Pink City Jaipur, known for its iconic architectural
legacy and vibrant culture, has made its entry into the UNESCO World Heritage Site list.
Incorrect
Your Choice : e
Correct Choice : d
Solution :
Payments banks is a new model of banks conceptualised by the RBI. These banks can accept a restricted
deposit, which is currently limited to ₹100,000 per customer and may be increased further. Bharti Airtel
launched India's first live payments bank named as Airtel payment bank, in March 2017.
Chapchar Kut is a spring festival celebrated in the month of March. People of which Indian state celebrates
Chapchar Kut?
    a) Tripura
    b) Mizoram
    c) Nagaland
    d) Sikkim
    e) Manipur
Unattempted
Correct Choice : b
Solution :
The Chapchar Kut is a festival of Mizoram, India. It is celebrated during March after completion of their most
arduous task of jhum operation. It is a spring festival celebrated with great favour and gaiety. The festival used
to be observed with a lot of drinking and eating.
The Union Government released the 76 point (NTFAP) adopted by NCTF in July 2019. What does 'T' in
NCTF stand for?
    a) Telecommunication
    b) Technical
    c) Theoretical
    d) Trade
    e) Transmission
Unattempted
Correct Choice : d
Solution :
The NCTF (National Committee on Trade Facilitation) was established in India on 11 August 2016. It is the lead
body for driving trade facilitation measures across all ministries. Its mandate is to finalize a National Trade
Facilitation Action Plan (NTFAP) and monitor the work of TFA implementation and domestic coordination in the
country.
Rafael Nadal clinched 2019 US open men's title, defeating ______________ in the final.
    a) Roger Federer
    b) Novak Djokovic
    c) Diego Schwartzman
    d) Daniil Medvedev
    e) John Isner
Unattempted
Correct Choice : d
Solution :
Rafael Nadal survived a heroic Daniil Medvedev fightback in the US Open finals to claim an epic 7-5 6-3 5-7 4-
6 6-4 win and a fourth U.S. Open title, moving within one Grand Slam crown of matching Roger Federer's all-
time record of 20
A major military exercise called 'Hand-in-Hand' was held in Meghalaya recently between India and which
country?
    a) USA
    b) Mongolia
    c) China
    d) Russia
    e) Nepal
Unattempted
Correct Choice : c
Solution :
RBI releases FSR report which discusses issues relating to development and regulation of the financial
sector. The alphabet 'S' in the abbreviation 'FSR' stands for?
a)   Security
b)   Service
c)   Severity
d)   Subsidy
e)   Stability
Correct
Your Choice : e
Correct Choice : e
Solution :
The FSR (Financial Stability Report) reflects the collective assessment of the Sub-Committee of the Financial
Stability and Development Council (FSDC) on risks to financial stability, as also the resilience of the financial
system. The Report also discusses issues relating to development and regulation of the financial sector.
Currently the world's largest nuclear power plant, with a net capacity of 7,965MW is in ___________.
    a) China
    b) Russia
    c) Japan
    d) USA
    e) Australia
Unattempted
Correct Choice : c
Solution :
Tokyo Electric Power Co.'s (TEPCO) Kashiwazaki-Kariwa plant in Japan is currently the world's largest nuclear
power plant, with a net capacity of 7,965MW.
Kashiwazaki-Kariwa has seven boiling water reactors (BWR) with a gross installed capacity of 8,212MW.
The first five units have a gross capacity of 1,100MW each whereas the sixth and seventh units each have a
capacity of 1,356MW.
The first unit began commercial operation in September 1985 and the last unit became commercially
operational in July 1997.
a)   Smart India
b)   Step India
c)   Dance India
d)   Fit India
e)   Switch India
Correct
Your Choice : d
Correct Choice : d
Solution :
PM Modi launched a nation-wide Fit India Movement on the occasion of National Sports Day. To
commemorate the birth anniversary of hockey legend Major Dhyan Chand, National Sports Day is celebrated
across the country.
Madhya Pradesh state government recently decided to waive all loans taken by which specific group among
the following from unlicensed moneylenders in the state?
    a) Scheduled Tribes
    b) Scheduled Castes
    c) Farmers
    d) BPL families
    e) MNREGA workers
Unattempted
Correct Choice : a
Solution :
Madhya Pradesh state government announced recently that all loans contracted by tribals from unofficial
sources would be deemed discharged.
In other words, tribals who have taken loans from unofficial lines of credit, such as from traditional money
lenders, would not have to repay them. The government would not repay those loans either.
The announcement came on International Day of the World's Indigenous People that is commemorated on
August 9 every year.
HDFC ERGO General Insurance Company has announced a collaboration with which IT company to co-
create AI (Artificial Intelligence) based solutions?
    a) Infosys
    b) Wipro
    c) IBM
    d) Accenture
    e) Tech Mahindra
Unattempted
Correct Choice : c
Solution :
IBM and HDFC ERGO General Insurance Company announced a collaboration to co-create new Artificial
Intelligence based solutions on IBM Cloud, that will redefine customer experience in India. It would help to
better address customer queries. HDFC ERGO General Insurance Company Ltd. is a joint venture between
HDFC Ltd., India's premier Housing Finance Institution and ERGO International AG, the primary insurance
entity of Munich Re Group. International Business Machines Corporation (IBM) is an American multinational
information technology company headquartered in Armonk, New York.
- Chairman, President and Chief Executive Officer, IBM ® Virginia M. (Ginni) Rometty
Yes Bank recently launched QIP to raise $285 million. What is 'I' in QIP?
a)   Investment
b)   Indexed
c)   Inflation
d)   Industrial
e)   Institutional
Correct
Your Choice : e
Correct Choice : e
Solution :
QIP or Qualified Institutional Placement is largely a fund raising tool for the listed companies.
QIP is a process which was introduced by SEBI so as to enable the listed companies to raise finance
through the issue of securities to qualified institutional buyers (QIBs).
Earlier, since raising finance in the domestic market involved a lot of complications, Indian companies used
to raise funds from the overseas markets. So to prevent this, SEBI introduced this process so as to make
the raising of funds easier in the domestic market.
Which two banks are often referred as the Bretton Woods twins?
Correct
Your Choice : c
Correct Choice : c
Solution :
The Bretton Woods twins refers to the two multilateral organizations World Bank and International Monetary
Fund (IMF) created at the Bretton Woods Conference in 1944 after the Second World War to assist in the
reconstruction of war-ravaged countries. The Bretton Woods system collapsed in 1971.
Unattempted
Correct Choice : e
Solution :
 Uttar Pradesh Dudhwa National Park, Jim Corbet National Park
 Assam          Kaziranga National Park, Manas, Orang, Dibru Saikhowa, Nameri
 Rajasthan      Ranthambore National Park, Keoladeo, Sariska Tiger Reserve, Desert National Park
Which of the following cities will host UN climate change summit in 2020?
    a) Glasgow
    b) New Delhi
    c) Vienna
    d) Lisbon
    e) Canberra
Unattempted
Correct Choice : a
Solution :
UK has won the bid to host the 26th Conference of the Parties, known as COP26, following a partnership with
Italy in which up to 30,000 delegates are expected to attend the event at Glasgow's Scottish Events Campus
(SEC).
Which Foreign Bank has been included in the Second Schedule to the RBI Act, allowing it to offer regular
banking services?
Correct
Your Choice : b
Correct Choice : b
Solution :
The Reserve Bank of India (RBI) recently allowed Bank of China to offer regular banking services in the
country, by inducting it into the 2nd schedule of RBI Act.
All commercial banks, like SBI, HDFC Bank, Punjab National Bank and ICICI Bank, are in the Second
Schedule. Banks falling under this schedule have to adhere to the norms of the RBI.
Meanwhile, 'National Australia Bank' has ceased to be a banking company within the meaning of the
Banking Regulation Act, as RBI has excluded it from the Second Schedule.
What is the position of India in the global Innovation Index 2019 rankings?
    a) 52
    b) 42
    c) 77
    d) 74
    e) 24
Unattempted
Correct Choice : a
Solution :
India has improved its ranking in the global innovation index by five places to 52nd in 2019.
The GII rankings are published by Cornell University, INSEAD and the WIPO and GII Knowledge Partners.
Switzerland retained its number-one spot on the index. 2019 theme of the index is Evaluating the Medical
Innovation Scenario of the Next Decade.
Surat is a city in the Indian state of Gujarat. It is located in the riverside of which among the following?
    a) Sabarmati
    b) Narmada
    c) Chambal
    d) Tapti
    e) Godavari
Unattempted
Correct Choice : d
Solution :
 City             River     State
 Surat            Tapi      Gujarat
 Ahmedabad        Sabarmati Gujarat
 Jabalpur         Narmada   Madya Pradesh
 Kota             Chambal   Rajasthan
 Rajahmundry Godavari       Andhra Pradesh
Which of the following cities is set to host Global Investors Summit in October 2019.
    a) Bengaluru
    b) Indore
    c) Lucknow
    d) Srinagar
    e) None of these
Unattempted
Correct Choice : d
Solution :
Three-day global investors summit will be held in Srinagar in October,2019. The meet will provide J-K an
opportunity to showcase its strengths, strategies and potential. It will also help allay fears and apprehensions in
the minds of trade and business community outside the state.
The third edition of Khelo India Youth Games will be held in ________, in the year 2020 as per the latest
announcement by Sports Minister Kiren Rijiju.
Unattempted
Correct Choice : e
Solution :
The third edition of Khelo India Youth Games will be held in Guwahati next year as announced by Sports
Minister Kiren Rijiju. It will be conducted in partnership with Indian Olympic Association, School Games
Federation of India & Assam as host State. 2019 Khelo India Youth Games were held in Pune. Khelo India is a
National programme for the development of sports.
Correct
Your Choice : e
Correct Choice : e
Solution :
Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and
services in an economy increases over a period. Repo rate refers to the rate at which commercial banks borrow
money from the Reserve Bank of India (RBI) in case of shortage of funds. The CRR or the Cash Reserve Ratio
is the share of a bank's total deposit to be maintained with the latter in the form liquid cash. Increasing Repo,
CRR and buying dollars from banks and exporters reduces the amount of cash flow in the economy.
Who among the following was conferred with 2019 UEFA President's Award?
    a) Wayne Rooney
    b) Lionel Messi
    c) Neymar Jr.
    d) Diego Maradona
    e) Eric Cantona
Unattempted
Correct Choice : e
Solution :
Eric Cantona has been presented with the 2019 UEFA President's Award in Monaco.
The President's Award recognises outstanding achievements, professional excellence and exemplary personal
qualities. Marseille-born Cantona scored 64 goals in 143 appearances for Manchester United.
a)   Pune
b)   Mumbai
c)   Nagpur
d)   Dispur
e)   Puri
Correct
Your Choice : e
Correct Choice : e
Solution :
Shree Jagannath Temple of Puri is an important Hindu temple dedicated to Lord Jagannath located on the
eastern coast of India, at Puri in the state of Odisha. The Puri temple is famous for its annual Ratha yatra, or
chariot festival.
Unattempted
Correct Choice : e
Solution :
'A moveable feast' is the autobiography of Ernest Hemingway, who was an American journalist, novelist, short-
story writer, and sportsman. 'My Struggles' is the autobiography of Adolf Hitler, who was a German politician
and leader of the Nazi Party.
Bandhan Bank appointed __________ as Head of Business, with a view to strengthen its senior
management.
    a) Sandeep Shekher
    b) Siddharth Sanyal
    c) Sanjeev Naryani
    d) M S Sahoo
    e) A K Jain
Unattempted
Correct Choice : c
Solution :
Bandhan Bank has appointed Sanjeev Naryani as Head of Business, with a view to strengthen its senior
management. In this capacity, He will report to CS Ghosh, MD and CEO, Bandhan Bank, and will spearhead
branch banking, wholesale banking, agri business, retail lending, third-party products, and digital banking, said
a press statement issued by the bank.
    a) IIT Kanpur
    b) IIT Mumbai
    c) IIT Guwahati
    d) IIT Delhi
    e) None of these
Unattempted
Correct Choice : c
Solution :
Indian Institute of Technology (IIT) Guwahati has developed an Artificial Intelligence(AI)-enabled Chatbot -
ALBELA - to teach and support the first-year students of Electrical & Electronics Engineering (EEE).
An AI Chatbot is projected to be a suitable mechanism also capable of addressing the queries and doubts that
each of the approximately 850 students pursuing EEE at the Institute may have.
a)   Idukki
b)   Mullaperiyar
c)   Sabarigiri
d)   Amaravathi
e)   Pallivasal
Correct
Your Choice : d
Correct Choice : d
Solution :
The Amaravathi Dam is a dam constructed across the Amaravathi River. It is located at Amaravathinagar in the
Indira Gandhi Wildlife Sanctuary, in the Indian state of Tamil Nadu. The dam was built primarily for irrigation and
flood control and now also has four megawatts of electrical generating capacity installed.
28th BASIC Ministerial Meeting on Climate Change was recently held in which city of Brazil?
    a) Sao Paulo
    b) Brasilia
    c) Rio De Janeiro
    d) Salvador
    e) Belo Horizonte
Unattempted
Correct Choice : a
Solution :
BASIC countries held its 28th Ministerial meeting on Climate Change from 14th to 16th August in Sao Paulo,
Brazil.
India was represented by Union Minister for Environment, Forest and Climate Change, Shri Prakash Javadekar.
Ministers underline BASIC countries' progress in implementing "ambitious climate action" in the pre-2020
period and in their proposed Nationally Determined Contributions (NDCs), and express commitment to sharing
best practices and mutual support through South-South cooperation.
The Nhava Sheva is the largest container port in India. Where is it located?
a)   Maharashtra
b)   Gujarat
c)   Madhya Pradesh
d)   Chhattisgarh
e)   Karnataka
Incorrect
Your Choice : b
Correct Choice : a
Solution :
The Nhava Sheva which is another name for the Jawaharlal Nehru Port is the largest container port in
India. It is situated in the east of Mumbai, Maharashtra. The name Nhava Sheva is derived from the names of
two villages that used to exist in that area.
The International Atomic Energy Agency (IAEA) is an international organization that seeks to promote the
peaceful use of nuclear energy. Where is the headquarters of IAEA?
    a) Munich, Germany
    b) Vienna, Austria
    c) New York, USA
    d) Paris, London
    e) Geneva, Switzerland
Unattempted
Correct Choice : b
Solution :
The IAEA was set up as an autonomous organisation on 29 July 1957. The IAEA serves as an
intergovernmental forum for scientific and technical co-operation in the peaceful use of nuclear technology and
nuclear power worldwide. The IAEA and its former Director General, Mohamed ElBaradei, were jointly awarded
the Nobel Peace Prize on 7 October 2005.
Who among the following has been appointed new Chief Financial Officer of Yes Bank?
    a) Sanjay Vyas
    b) Pramod Sawant
    c) Ravinder Takkar
    d) Ravneet Gill
    e) Anurag Adlakha
Unattempted
Correct Choice : e
Solution :
Yes Bank announced the appointment of Anurag Adlakha as chief financial officer (CFO). Raj Ahuja was
serving as the CFO of the company till now. He will continue to report to Chief Executive Officer Ravneet Gill.
Ahuja will now be in charge of strategy, planning and functions of the bank.
a)   1 lakh
b)   1
c)   10 thousand
d)   2 lakhs
e)   50 thousand
Correct
Your Choice : d
Correct Choice : d
Solution :
The minimum amount to be remitted through Real Time Gross Settlement (RTGS) is Rs 2 lakh. There is no
upper ceiling for RTGS transaction.
It a system where there is a continuous and real-time settlement of fund-transfers, individually on a transaction
by transaction basis (without netting). 'Real Time' means the processing of instructions at the time they are
received; 'Gross Settlement' means that the settlement of funds transfer instructions occurs individually.
a)   Tamil Nadu
b)   Kerala
c)   Rajasthan
d)   Chhattisgarh
e)   Telangana
Correct
Your Choice : b
Correct Choice : b
Solution :
Tamil Nadu BJP Chief was appointed the Governor of Kerala, replacing ESL Narasimhan.
When did Payment and Settlement Systems Act came into effect?
a)   2007
b)   2008
c)   2006
d)   2011
e)   2012
Incorrect
Your Choice : a
Correct Choice : b
Solution :
The Payment and Settlement Systems Act (PSS Act, 2007) received the approval of the President on 20th
December 2007 and it came into force with effect from 12th August 2008.
The PSS Act, 2007 provides for the regulation and supervision of payment systems in India and designates the
Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters.
a)   Surdas
b)   Bana Bhatt
c)   Nukunj Prakash Sharma
d)   Kalidasa
e)   Tirukkral
Correct
Your Choice : d
Correct Choice : d
Solution :
Kalidasa composed the drama of Abhijnanashakuntala in the 5th century CE, which is considered to be the
greatest Indian literary work of any period.
Which among the following bank outlet is a 'part-time banking outlet', based on the number of working
hours/days?
    a) delivery of service for five hours per day and for six days a week
    b) delivery of service for six hours per day and for seven days a week
    c) delivery of service for three hours per day and for four days a week
    d) delivery of service for seven hours per day and for eight days a week
    e) delivery of service for nine hours per day and for ten days a week
Unattempted
Correct Choice : c
Solution :
Any fixed-point service delivery unit of the bank which does not comply with the prescription regarding minimum
working hours/days will be considered as a 'Part-time Banking Outlet'. A banking outlet which does not provide
delivery of service for a minimum of four hours per day and for at least five days a week will be considered a
'Part-time Banking Outlet'.
Correct
Your Choice : e
Correct Choice : e
Solution :
Share is a unit of ownership that represents an equal proportion of a company's capital. The shareholder
has an equal claim on the company's profits and an equal obligation for the company's debts and losses.
Equity Shares: Shares have claim over capital, profit and loss. Right to receive profit if the company earns
profit and have to forego capital to the extent of loss in case the company incurs loss.
Preference Shares: Entitlement to a fixed amount of dividend or dividend at a fixed rate. Right to get back
the capital next to bond holders in case of dissolution of the company.
RBI, recently mandated banks to link fresh retail loans to external benchmark. External benchmark rate
means the reference rate which includes:
(b) Government of India 3-Months and 6-Months Treasury Bill yields published by Financial Benchmarks
India Private Ltd (FBIL)
Unattempted
Correct Choice : b
Solution :
    a) 41
    b) 44
    c) 52
    d) 16
    e) 6
Unattempted
Correct Choice : b
Solution :
NH 44 is the longest national highway in India. It covers the North-South Corridor of NHDP and it is officially
listed as running over 3,745 km (2,327 mi) from Srinagar to Kanyakumari.
Bolivia was in news recently due to forest fires occurred in the country. Which is the capital of Bolivia?
    a) Sucre
    b) Tirana
    c) Nassau
    d) Ottawa
    e) Nicosia
Unattempted
Correct Choice : a
Solution :
 Country     Capital
 Bolivia     Sucre
 Albania     Tirana
 Bahamas Nassau
 Canada      Ottawa
 Cyprus      Nicosia
    a) Uttarakhand
    b) Haryana
    c) Assam
    d) Chhattisgarh
    e) Jharkhand
Unattempted
Correct Choice : d
Solution :
An Agri-Business Incubation Centre has started in Chhattisgarh under the National Agriculture Development
Scheme- RAFTAAR.
The centre has been set up by the Union Agriculture Ministry in the Indira Gandhi Agriculture University of
Raipur.
The objective of the scheme is to make farming a remunerative economic activity by strengthening farmer's
effort, risk mitigation and promoting agribusiness entrepreneurship.
a)   ₹100 crore
b)   ₹150 crore
c)   ₹200 crore
d)   ₹250 crore
e)   ₹500 crore
Correct
Your Choice : c
Correct Choice : c
Solution :
RBI revised the minimum paid-up capital requirement for small finance bank SFBs to ₹200 crore instead of
₹100 crore earlier. It said the promoter should hold a minimum of 40% of the paid-up voting equity capital for
five years. If the initial promoter shareholding is above 40%, it should be brought down to 40% within a period
of five years, 30% within 10 years, and 15% in 15 years.
The 2019 edition of ScooNews Global Educators Fest (SGEF) was held in which of the following places?
Unattempted
Correct Choice : b
Solution :
The 3rd edition of ScooNews Global Educators Fest was held in Udaipur, Rajasthan. It revolves around the
theme of 'Education for Sustainability- Moving On from Conformity to Creativity'. The 2019 edition of SGEF
brought together the brightest minds to ponder on how to leverage on our illustrious legacy and move towards a
sustainable education that prioritises creativity over conformity.
RBI has projected India's GDP growth for the current fiscal at ____________%.
    a) 6.3
    b) 6.5
    c) 6.7
    d) 6.9
    e) 7.2
Unattempted
Correct Choice : d
Solution :
RBI has projected India's GDP growth for the current fiscal at 6.9%, in the range of 5.8-6.6% for the first half of
2019-20 and 7.3-7.5% for the second half. In August, retail inflation remained below RBI's mid-term target of
4% for the 13th consecutive month at 3.21%, while food inflation quickened to 2.99%.
Who among the following has been appointed as the Ombudsman of Indian Federation of Sports Gaming?
Unattempted
Correct Choice : d
Solution :
The Indian Federation of Sports Gaming (IFSG) announced the appointment of Justice Arjan Kumar Sikri as
its ombudsman and ethics officer.
He is responsible for investigating queries/complaints raised by the users of the online fantasy sports gaming
platforms.
He would provide strategic council, resolve disputes brought forward regarding binding rules or financial
discrepancies as well as steer hearings and make announcements for smooth operation and ease of
functioning.
Which of the following statements is/are TRUE regarding Swachh Bharat Abhinayan with respect to Union
Budget announcements?
Unattempted
Correct Choice : e
Solution :
Government laid emphasis on the work done in the cleanliness and sanitation sector pointing out that over 9.6
crore toilets have been constructed across India since October 2, 2014, which has resulted in 5.6 lakh villages
becoming open defecation free.
To mark this occasion, the Rashtriya Swachhta Kendra will be inaugurated at Gandhi Darshan, Rajghat on 2nd
October, 2019. A Gandhipedia is also being developed by National Council for Science Museums to sensitize
youth and society at large about positive Gandhian values
    a) Soccer
    b) Golf
    c) Baseball
    d) Badminton
    e) Handball
Unattempted
Correct Choice : d
Solution :
The Uber Cup, sometimes called the World Team Championships for Women, is a major international
badminton competition contested by women's national badminton teams. The cup was contributed by Mrs.
H.S. Uber, former English champion. First held in 1956 - 1957 and contested at three year intervals, it has been
contested every two years since 1984 when its scheduled times and venues were merged with those of
Thomas Cup, the world men's team championship.
Repo rate is one of the methods taken by RBI to control the cash flow in the economy. What is the
current (in September) repo rate?
a)   5.50 %
b)   6.75 %
c)   5.40 %
d)   6.25 %
e)   6.75 %
Correct
Your Choice : c
Correct Choice : c
Solution :
Repo rate refers to the rate at which commercial banks borrow money from the Reserve Bank of India (RBI)
in case of shortage of funds. It is one of the main tools of RBI to keep inflation under control. When RBI
increases repo rate banks have to pay more money as interest to RBI. This will reduce the money supply in
the system.
    a) New Delhi
    b) Mumbai
    c) Kolkata
    d) Lucknow
    e) Chennai
Unattempted
Correct Choice : d
Solution :
Small Industries Development Bank of India (SIDBI) headquarters is in Lucknow. It is a development financial
institution in India. Its purpose is to provide refinance facilities and short-term lending to industries and serves
as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector.
The Ganges is a transboundary river in Asia. The Ganges River flows through which all countries.
Correct
Your Choice : c
Correct Choice : c
Solution :
The Ganges River is also known as river Ganga. The Ganges River flows through parts of the territories of the
two countries of India and Bangladesh, and along the way covers a distance of 2,520 kilometres. The Ganges
Basin is much broader still, and includes numerous tributary rivers originating in Nepal, China, and Myanmar
alike.
Which of the following tech giants recently bought Intel's smartphone modem unit for $1 billion?
    a) Google
    b) LG
    c) Xiaomi
    d) Apple
    e) IBM
Unattempted
Correct Choice : d
Solution :
Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel
Corp's modem business in a deal valued at $1 billion. It is Apple's second-largest ever after its $3.2 billion
purchase of Beats Electronics in 2014.
CVV code provides an additional layer of security when a card is used to make a purchase online or over
the phone. What is the full form of CVV?
Correct
Your Choice : d
Correct Choice : d
Solution :
Card verification value (CVV) is a combination of features used in credit, debit and automated teller machine
(ATM) cards for the purpose of establishing the owner's identity and minimizing the risk of fraud. The CVV is
also known as the card verification code (CVC) or card security code (CSC).
Who among the following recently became India's 64th Chess Grandmaster?
    a) Prithu Gupta
    b) Karthik Venkatraman
    c) Arjun Erigaisi
    d) Roktim Bandyopadhyay
    e) Nihal Sarin
Unattempted
Correct Choice : a
Solution :
Less than six years after taking to chess, Prithu Gupta became India's 64th Grandmaster. Prithu made his
third and final GM norm at Porticcio Open, to go with the ones made in the 2018 Gibraltar Masters and the
2018 Biel Masters. Eventually he touched the rating stipulation of 2500 points by beating Germany's Lev
Yankelevich.
Consumption of finished steel grew at ________ in 2018-19, as per economic survey 2018-19.
    a) 7.1%
    b) 7.5%
    c) 8.4%
    d) 8.5%
    e) 6.7%
Unattempted
Correct Choice : b
Solution :
Construction sector growth is estimated using growth of production of cement and consumption of finished
steel. Production of cement and consumption of finished steel grew at 13.3% and 7.5% respectively in 2018-19.
'Financial, real estate and professional services' sector grew at 7.4 per cent in 2018-19, higher as compared to
6.2 per cent in 2017-18. This sector amounts for more than 20 per cent of overall GVA of the economy.
Babulal Gaur passed away in Bhopal recently. He was related to which among the following fields?
    a) Science
    b) Music
    c) Sports
    d) Literature
    e) Politics
Unattempted
Correct Choice : e
Solution :
Former Madhya Pradesh Chief Minister and senior BJP leader, Babulal Gaur passed away in Bhopal. He was
89. He served as Madhya Pradesh Chief Minister between 2004 and 2005 and represented Govindpura
Assembly seat for 10 times.
SWIFT is frequently used in financial institutions worldwide to send and receive information. "S" in SWIFT
stands for _____________.
a)   Swiss
b)   Switzerland
c)   Special
d)   Society
e)   Savings
Incorrect
Your Choice : c
Correct Choice : d
Solution :
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that
enables financial institutions worldwide to send and receive information about financial transactions in a secure,
standardized and reliable environment. It was founded in 1973.
Which of the following PSUs bagged President's award for utilisation of Corporate Social Responsibility fund
in social development?
    a) GAIL
    b) SAIL
    c) NALCO
    d) NMDC
    e) PFC
Unattempted
Correct Choice : c
Solution :
NALCO bagged President's award for utilisation of Corporate Social Responsibility (CSR) fund in social
development. NALCO started a scheme "Aliali Jhia" in 2015. The Ministry of Corporate Affairs praised the CMD
of NALCO, Tapan Chand who started the scheme to adapt and promote the poor and talented girls for
education.
According to data from NPCI, number of transactions over the Unified Payments Interface (UPI) in
August,2019 hit a record _________ million.
    a) 778.46
    b) 888.35
    c) 918.35
    d) 979.45
    e) 989.67
Unattempted
Correct Choice : c
Solution :
According to data from the National Payments Corp of India (NPCI), the number of transactions over the
Unified Payments Interface (UPI) in August hit a record 918.35 million, with a total worth of ₹1.54 trillion, , with
a jump of 194.3% in the number of transactions and 5.5% in value on a year-on-year basis.
Which organization established the electronic fund transfer system, NEFT (National Electronic fund
Transfer)?
Incorrect
Your Choice : b
Correct Choice : a
Solution :
National Electronic Funds Transfer (NEFT) is an electronic funds transfer system .It started in November 2005,
established by Institute for Development and Research in Banking Technology (IDRBT). NEFT settles
fund transfers in half-hourly batches with 23 settlements occurring between 8:00 am and 6:30 pm on weekdays
and the first, third and fifth Saturday of the calendar month. Transfers initiated outside this time period are
settled at the next available window. No settlements are made on the second and fourth Saturday of the month,
or on Sundays, or on public holidays.
Cyprus was recently in news for seeking for more EU funding for the 2021-2027 period. Which is the
currency of Cyprus?
    a) Shilling
    b) Euro
    c) Franc
    d) Shekel
    e) Pound
Unattempted
Correct Choice : b
Solution :
Cyprus is a presidential republic with currency Euro. The Republic of Cyprus is divided into six districts.
Capital -Nicosia
    a) Token Cut
    b) Economy Cut
    c) Policy Cut
    d) Disapproval Cut
    e) Guillotine
Unattempted
Correct Choice : a
Solution :
Token Cut motion intends to 'reduce the demand by Rs 100'. Such a motion is moved in order to express a
specific grievance which is within the sphere of the responsibility of the Government of India.
The theme for the World Biofuel Day 2019 was "Production of Biodiesel from ____________".
a)   Petroleum extract
b)   Farm wastes
c)   Urban Sewage plants
d)   Used cooking oil
e)   None of the above
Correct
Your Choice : d
Correct Choice : d
Solution :
World Biofuel Day is observed every year on 10th of August to create awareness about the importance of
non-fossil fuels as an alternative to conventional fossil fuels and highlight the various efforts made by
Government in the biofuel sector.
This year the theme of the World Biofuel Day is "Production of Biodiesel from Used Cooking Oil (UCO)".
The National Policy on Biofuels, released by the Government of India in 2018, envisages production of
biofuel from UCO. Food Safety and Standards Authority of India (FSSAI) is implementing a strategy to divert
UCO from the food value chain and curb current illegal usage.
On this occasion a sticker on RUCO viz Repurpose Used Cooking Oil and a mobile app to facilitate the
    a) 23
    b) 17
    c) 27
    d) 37
    e) 49
Unattempted
Correct Choice : a
Solution :
Pupil Teacher Ratio (PTR) at national level for primary schools is 23, 17 for upper primary, 27 for secondary
and 37 for senior secondary schools.
SDG 4 on education requires ensuring equitable, inclusive and quality education along with promotion of
lifelong learning opportunities for all by 2030. As per Educational Statistics at a Glance (ESAG), 2018, the
thrust on providing primary education has yielded results across social categories and gender in Gross
Enrolment Rate (GER).
Significant progress has been made in respect of female participation up-to secondary level and GER for
girls has exceeded that of boys. However, girls' enrolment rate is lower than that of boys at the higher
education level. Drop-out rates are very high for boys at the secondary school level. Reasons for male
students dropping out are economic activities, lack of interest in education and financial constraints.
Which state government has launched 'Krishi kiosk' that would give farmers info about govt schemes?
    a) Himachal Pradesh
    b) Gujarat
    c) Rajasthan
    d) Haryana
    e) Punjab
Unattempted
Correct Choice : d
Solution :
Haryana govt launched 'Krishi kiosk' at Panchkula which would give farmers info about govt schemes & help
them file claims under the PM Fasal Bima Yojana. The kiosk comes under 'Digital Kisan Suvidha' plan which
aims to bring services for farmers online.
India's first Design Development Centre namely '___________' was recently launched in Surat, Gujarat?
    a) Fashinatic
    b) Fashtrack
    c) None of these
    d) Fashionova
    e) Fashionation
Unattempted
Correct Choice : d
Solution :
India's first Design Development Centre 'Fashionova' was launched in the Textile city Surat recently to
promote the city in the field of the fashion design sector. The main objective of this studio is to provide a strong
platform to all those who have a flair of the apparel business.
Unattempted
Correct Choice : d
Solution :
 State                     Animal
 Andhra Pradesh            Blackbuck
 Arunachal Pradesh Mithun
 Chhattisgarh              Wild Water Buffalo