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1.  
Which of these has its head office outside Mumbai?

Correct Answer: C [SIDBI]

Explanation:

SEND bodies are in Mumbai; SIDBI is in Lucknow.

2.  
Match the institution with its head office:
(i) NHB (ii) SIDBI (iii) IRDAI (iv) NABARD
(p) Hyderabad (q) Mumbai (r) New Delhi (s) Lucknow

Correct Answer: B [i-r, ii-s, iii-p, iv-q]

Explanation:

NHB – New Delhi; SIDBI – Lucknow; IRDAI – Hyderabad; NABARD – Mumbai.

3.  
SEBI was first constituted, as a non-statutory body, on:

Correct Answer: D [12 April 1988]

Explanation:

12 April 1988 by resolution; statutory from 30 January 1992.

4.  
NABARD was set up on the recommendation of the committee chaired by:

Correct Answer: E [B. Sivaraman]

Explanation:

CRAFICARD, chaired by B. Sivaraman (set up 30 March 1979).

5.  
The interim PFRDA was set up by a Government resolution on:

Correct Answer: A [10 October 2003]

Explanation:

10 October 2003; Act of 2013 effective 1 February 2014.

6.  
NPCI was set up under the provisions of:

Correct Answer: E [Payment and Settlement Systems Act, 2007]

Explanation:

NPCI – an umbrella organisation under the PSS Act, 2007.

7.  
A depositor holds a savings account of ₹ 2.6 lakh, an FD of ₹ 1.8 lakh and an RD of ₹ 1.4 lakh in the same bank, in the same name and capacity. If the bank fails, the insured amount is:

Correct Answer: D [₹ 5 lakh]

Explanation:

Total 5.8 lakh, but cover is ₹ 5 lakh per depositor per bank.

8.  
A depositor has ₹ 3 lakh in Bank A, ₹ 4.5 lakh in Bank B and ₹ 1.2 lakh in Bank C. All three fail. The total insured amount is:

Correct Answer: A [₹ 8.7 lakh]

Explanation:

Cover is per bank: 3 + 4.5 + 1.2 = 8.7 lakh (each below 5 lakh).

9.  
DICGC is a wholly owned subsidiary of:

Correct Answer: B [the Reserve Bank of India]

Explanation:

DICGC – RBI subsidiary (NABARD is the one fully owned by the Government).

10.  
Which is/are NOT insured by the DICGC?
I. Deposits of State Governments
II. Deposits with primary agricultural credit societies
III. Savings deposits in a regional rural bank

Correct Answer: C [Only I and II]

Explanation:

Government deposits and PACS are outside cover; RRB deposits are insured.

11.  
SEBI's board consists of how many members, including the Chairman?

Correct Answer: E [9]

Explanation:

1 Chairman + 2 Finance Ministry + 1 RBI + 5 others = 9.

12.  
Which body is chaired by the Union Finance Minister?

Correct Answer: B [FSDC]

Explanation:

Financial Stability and Development Council (2010).

13.  
Arrange in chronological order of setting up: SIDBI, NHB, DICGC, NPCI.

Correct Answer: D [DICGC → NHB → SIDBI → NPCI]

Explanation:

1978 → 1988 → 1990 → 2008.

14.  
ECGC Ltd, which provides export credit insurance, functions under the:

Correct Answer: A [Ministry of Commerce and Industry]

Explanation:

ECGC – Ministry of Commerce and Industry; head office Mumbai.

15.  
Trick Spotter: SIDBI was set up in 1990. The quickest way to recall the year of its Act is:

Correct Answer: B [Act a year before → 1989]

Explanation:

DFI Acts are one year before the institution: 1990 − 1 = 1989.

16.  
Under the Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Act, 2025, the FDI limit in Indian insurance companies is:

Correct Answer: C [100%]

Explanation:

Raised to 100% (PIB backgrounder, April 2026).

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