FINANCE CURRENT AFFAIRS – RBI 247

MARCH Revision Session

Q.1) Which of the following does not fall under PSL as per RBI norms?

1. Crop loans
2. Medium- and Long-term loans for purchase of land, agricultural machinery, or
investment in post-harvest infrastructure
3. Loans to distressed farmers indebted to noninstitutional farmers

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] None of the above
Q.2) As per Rbi norms banks have to give certain percentage of ANBC to priority sector.
Which of the following is correct about limit of PSL target for various banks?

1. Scheduled commercial banks → 40%

2. Foreign Banks with less than 20 branches→ 40%
3. Regional Rural banks and Small Finance Banks→ 25% of total loans

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.3) Priority Sector means those sectors which the Government Of India and RBI consider
as important for the development of basic needs of the country and are to be given
priority over other sectors. Under it which of the following is not an option available to
banks in case of short fall in PSL?

[a] PSL certificates

[b] UIDF under NHB
[c] RIDF under NABARD
[d] SIDBI
[e] NBFC certificate
Q.4) Recently NSE has been given approval by SEBI to set up a social stock exchange. With
regard to this which of the following statement(s) is/are incorrect about SSE?

1. Currently only NSE has been given approval to set up SSE

2. Under SSE, entities can issue preference shares and debentures
3. It is aimed at attracting donations.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] None of the above
Q.5) Which of the following recovery curves are described below-

It is a post-recession scenario in which one section of the economy begins to recover

while another segment continues to struggle.

[a] W shaped recovery

[b] V shaped recovery
[c] K shaped recovery
[d] L shaped recovery
[e] U shaped recovery
Q.6) Which of the following statement(s) is/are true about various economic recovery
curves?

1. In a U shaped recovery curve, the economy recovers, but the harm at the bottom
persists for some time.
2. In an L shaped curve, the economy rebounds to some extent from a sharp dip, but
growth never returns to pre-crisis levels for years, if at all
3. In a K shaped curve, the economy experiences a rapid collapse, followed by a small
and temporary recovery, and then another decline.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.7) Which of the following products of NPCI is described below:

It is a web based solution to facilitate interbank, high volume, electronic transactions

which are repetitive and periodic in nature. This system can be used for making bulk
transactions towards distribution of subsidies, dividends, interest etc.

[a] NETC
[b] NACH
[c] BHIM UPI
[d] CTS
[e] NETC-fastag
Q.8) UCO bank of India has opened a deposit account in Credit Bank of Moscow. What will
this bank be called for UCO bank of India?

[a] Loro Bank

[b] Vostro Bank
[c] Nostro Bank
[d] SWIFT Bank
[e] None of the above
Q.9) Recently 20 banks of Russia opened rupee vostro account. Which of the following
statement(s) is/are correct about a nostro account.

1. A Nostro account is an account held by a bank of one country in a bank in another

country.
2. It is opened in a foreign currency.
3. The account will receive an interest rate in this account.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.10) A _______ is a higher tax rate levied by governments against certain industries
when economic conditions allow those industries to experience above-average profits.

[a] Angel Tax

[b] Windfall
[c] Ad velorum tax
[d] Sin tax
[e] Pink tax
Q.11) Which of the following statement(s) is/are true regarding the recently conducted
Digital Payment awareness week 2023.

1. Mission ‘Har Payment Digital’ was launched on the occasion of DPAW 2023.
2. Payment System Operators (PSOs) will adopt 75 villages across the country and
convert them into digital payment enabled villages.
3. UPI- Person to Person (P2P) as well as Person to Merchant (P2M) transactions in India
accounting for 75% of the total digital payments.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.12) ‘Pump and Dump’ recently seen in news relates to which of the following?

[a] SEBI barring buyback of securities

[b] Stock manipulation mechanism
[c] Technological enhancement of stock calculation
[d] Digital payment mechanism
[e] Forward market rate calculation mechanism
Q.13) Which of the following is the campaign theme of RBI’s Digital Payment Awareness
week 2023.

[a] Smarter digital payments

[b] Moving towards maximum digital payments
[c] Digital Payment Apnao, Auron ko bhi Sikhao
[d] Jan bhagidari sab apnao
[e] Digital sashaktikaran ki aur
Q.14) Which of the following statement(s) is/are correct about recent restrictions
imposed by SEBI on buyback of shares through stock exchange.

1. Company will not be able to purchase more than 25% of the average daily trading
volume.
2. The company can place bids in the pre-open market only
3. The firm's purchase order price should be within the range of 1% on either side from
the last traded price.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.15) Which of the following statement(s) is/are correct about buyback of securities by
companies.

1. Escrow account for buyback should consist of only cash and not other than cash.
2. Currently buy back is done through only stock exchange mechanism and SEBI is
working to bring other mechanism in force.
3. Buyback of securities is generally done by companies to increase its EPS and give
back control to promoters.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.16) Which of the following statement(s) is/are correct about PMLA act?

1. Financial Intelligence Unit – India (FIU-IND) is under the Department of Economic

affairs, Ministry of Finance.
2. Prevention of Money Laundering Act, 2002 (PMLA) allows the Centre to confiscate
property earned through illegal proceeds.
3. PMLA added the concept of ‘reporting entity’ which would include a banking
company, financial institution, intermediary etc.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.17) What is the amount of insurance provided by DICGC to depositors?

[a] 2 lakh
[b] 3 lakh
[c] 5 lakh
[d] 10 lakh
[e] 2.5 lakh
Q.18) Which of the following statement(s) is/are correct about SEBI proposed norms for
ESG rating providers?

1. SEBI mandated the top 1,000 listed companies by market capitalization to make
filings as per the Business Responsibility and Sustainability Reporting (BRSR) from FY
2022 -23.
2. The KPI in the BRSR contains a number of intensity ratios.
3. The aim of SEBI is to mitigate greenwashing at scheme level.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.19) Which of the following statement(s) is/are incorrect about IREDA?

1. IREDA was formed in 1980

2. Recently IREDA has got Infrastructure Finance company status
3. Pradip Kumar Das is the current chairman and Managing director of IREDA

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 1 only
[e] All of the above
Q.20) Which of the following organization was working prior to FEDAI in India?

[a] Exchange Bank’s Association

[b] Foreign exchange management association
[c] Foreign exchange regulation association
[d] International bank association
[e] Participants bank of India for Forex (PBIF)
Q.21) Recently NSO released inflation data for the month of February 2023. Which of the
following is/are true about inflation for the month of February 2023.

1. CPI inflation increased to 6.44% from 5.67% from January 2023.

2. Core inflation remained above the mark of 6%
3. Inflation in the food basket in Feb 2023 was at 5.95%.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.22) Which of the following statement(s) is/are correct about CBDC?

1. CBDC is a digital currency with a legal tender.

2. CBDC will be launched in wholesale mode for selected financial institutes and
financial intermediaries
3. CBDC retail is based on blockchain mechanism.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.23) Which of the following statement(s) is/are incorrect about CBDC?

1. CBDC wholesale will be used by all — private sector, non-financial consumers and
businesses.
2. CBDC retail will is designed for restricted access to select financial institutions.
3. CBDC retail is intended for the settlement of interbank transfers.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.24) Which of the following statement(s) is/are correct about CBDC direct and indirect
mode?

1. In CBDC Direct mode, RBI will be responsible for managing all aspects of the digital
rupee system
2. In CBDC Indirect Mode, RBI issues CBDC to consumers indirectly through
intermediaries and any claim by consumers will be managed by the intermediary.
3. CBDC retail works on an account based mechanism.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.25) Which of the following statement(s) is/are correct about National Monetisation
Pipeline?

1. Under NMP, the government aims to monetise both brownfield and greenfield
projects.
2. In 2021-22 the Government’s achieved the target of 96,000 crore.
3. The NMP estimates aggregate monetisation potential of Rs 6 lakh crores for four year
period- FY2022- FY 2025.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.26) With which of the following countries has RBI recently signed an MOU with for
CBDC and its interoperability?

[a] Singapore
[b] Nepal
[c] UAE
[d] Bhutan
[e] Oman
Q.27) Which of the following best describes Liquidity management window under which
banks can borrow additional overnight liquidity when inter bank liquidity dries up.

[a] SDF
[b] MSF
[c] Repo
[d] WACR
[e] SLF
Q.28) ______ represents the unsecured segment of the overnight money market and is
best reflective of systemic liquidity mismatches at the margin.

[a] SDF
[b] MSF
[c] Repo
[d] WACR
[e] SLF
Q.29) Which of the following statement(s) is/are correct about liquidity adjustment
corridor?

1. SDF forms the floor rate and MSF forms the ceiling rate of current LAF corridor.
2. RBI is yet to Extend the Liquidity Adjustment Facility (LAF) and Marginal Standing
Facility (MSF) to RRBs.
3. A LAF is a monetary policy tool used in India by the RBI through which it injects or
absorbs liquidity into or from the banking system.

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.30) Which of the following statement(s) is/are correct about RBIH?

1. It has been set up as a Section 8 company under the Companies Act, 2013
2. It is a wholly owned subsidiary of RBI
3. It aims to bring world-class innovation to the financial sector in India

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] All of the above
Q.31) ____ is a basket of stocks which works like a mutual fund, traded on stock exchange.

[a] Exchange Traded Fund

[b] Strategic disinvestment
[c] Public Offer
[d] Buyback
[e] Offer for sale
Q.32) Recently IFSCA constituted an expert committee for providing a roadmap for
onshoring Indian innovation to the Gujarat International Finance Tec-City (GIFT) IFSC. Who
among the following chairs the committee.

[a] M.K Mohanty

[b] G. Padmanabhan
[c] Urjit Patel
[d] M Rajeshwar Rao
[e] T Rabi Sankar
Q.33) Recently the Governor of _____ received Governor of the year award by Central
Banking Publication.

[a] Ukraine
[b] Nigeria
[c] Singapore
[d] Bhtan
[e] India
Q.34) Which of the following is/are incorrectly matched with weightage of its parameters.
1. Payment Enablers → weight 25%
2. Payment Infrastructure → Demand-side factors (10%)
3. Payment Infrastructure → Supply-side factors (15%)

[a] 1 and 2 only

[b] 2 and 3 only
[c] 1 and 3 only
[d] 3 only
[e] None of the above
Q.35) Where is the headquarter of IFSCA?

[a] Surat
[b] Ahemdabad
[c] Gandhinagar
[d] Bangalore
[e] None of the above
Q.36) On which of the following has NPCI decided to levy interchange fee on ?.

[a] Bank to bank transfer through UPI

[b] P2P through UPI
[c] NEFT through UPI
[d] RTGS through UPI
[e] Merchant transactions through PPI on UPI
platform
Q.37) Which of the following is responsible for onboarding FPI registration through
document

[a] SEBI
[b] RBI
[c] FEMA
[d] Designated Depository Participants
[e] Exchange Banks
Q.38) A ______ of AMC is responsible for forming the trust and appointing the trustees.

[a] Chairman of Trustees

[b] Trust Fund Manager
[c] Custodian
[d] Sponsor
[e] AMC Chairman
Q.39) As per the Expenditure Profile documents of the 2023 Union Budget, the centre is
expected to issue Rs______ worth of sovereign green bonds in the coming financial year
(FY24)

[a] 23,764 crore

[b] 23,890 crore
[c] 25,000 crore
[d] 1,50,000 crore
[e] 22,000 crore
Q.40) As per the Expenditure Profile documents of the 2023 Union Budget, the largest
amount of money raised through Sovereign Green Bonds in FY24 will go to which of the
following ministries?

[a] Ministry of Defence

[b] Ministry of Railways
[c] Ministry of New and Renewable Energy
[d] Meity
[e] MOSPI
Q.41) What is the upper age limit of Ombudsman under the PFRDA?

[a] 65 years
[b] 60 years
[c] 70 years
[d] 72 years
[e] 62 years
Q.42) Recently, RBI issued an indicative calendar for the 1st ever sale of Sovereign Green
Bonds. With regards to this, consider and identify the correct statements:
1. The total issuance would be Rs 16,000 crore
2. Investment under Sovereign Green Bonds would not be eligible for SLR purpose
3. Unlike G-Sec, Sovereign Green Bonds can be traded in the secondary market

[a] 1 and 2
[b] 2 and 3
[c] 1 only
[d] 3 only
[e] 1, 2 and 3
Q.43) Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory
body for overall supervision and regulation of pensions in India. PFRDA functions under
which ministry in India?

[a] Ministry of Commerce and

Industry
[b] Ministry of Finance
[c] Ministry of Home Affairs
[d] Ministry of Insurance
[e] Ministry of Economic Affairs
 Answers
❑ Question 1: [e] ❑ Question 11: [e] ❑ Question 22: [e]
❑ Question 2: [a] ❑ Question 12: [b] ❑ Question 23: [e]
❑ Question 3: [e] ❑ Question 13: [c] ❑ Question 24: [a]
❑ Question 4: [a] ❑ Question 25: [b]
❑ Question 14: [c] ❑ Question 26: [c]
❑ Question 5: [c] ❑ Question 15: [d]
❑ Question 6: [a] ❑ Question 16: [b] ❑ Question 27: [b]
❑ Question 7: [b] ❑ Question 17: [c] ❑ Question 28: [d]
❑ Question 29: [c]
❑ Question 8: [c] ❑ Question 18: [e] ❑ Question 30: [e]
❑ Question 9: [e] ❑ Question 19: [d] ❑ Question 31: [a]
❑ Question 10: [b] ❑ Question 20: [a]
❑ Question 21: [b]

9999466225 w w w. a n u j j i n d a l . i n info@anujjindal.in
 Answers
❑ Question 32: [b]
❑ Question 33: [e]
❑ Question 34: [e]
❑ Question 35: [c]

❑ Question 36: [e]

❑ Question 37: [d]
❑ Question 38: [d]
❑ Question 39: [a]
❑ Question 40: [b]
❑ Question 41: [c]
❑ Question 42: [c]
❑ Question 43: [b]
9999466225 w w w. a n u j j i n d a l . i n info@anujjindal.in