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1.  
The Insolvency and Bankruptcy Board of India (IBBI) was established on:

Correct Answer: B [1 October 2016]

Explanation:

1 October 2016, under the Insolvency and Bankruptcy Code, 2016; office in New Delhi.

2.  
How many members does the SEBI Board have, including the Chairman, under the SEBI Act?

Correct Answer: D [9]

Explanation:

9 members.

3.  
PFRDA got statutory backing through the PFRDA Act, 2013, which came into effect on:

Correct Answer: E [1 February 2014]

Explanation:

1 February 2014; PFRDA was first set up (interim) on 10 October 2003.

4.  
The NPS was made mandatory for new Central Government employees (except armed forces) joining from:

Correct Answer: C [1 January 2004]

Explanation:

1 January 2004; opened to all citizens in 2009.

5.  
NPS Vatsalya (PFRDA, launched 18 September 2024) is a pension account opened for:

Correct Answer: A [all minor citizens (below 18 years)]

Explanation:

All minor citizens (below 18 years) – PIB, launch of NPS Vatsalya.

6.  
The Deposit Insurance Corporation began functioning on:

Correct Answer: D [1 January 1962]

Explanation:

1 January 1962; it merged with the Credit Guarantee Corporation to form DICGC on 15 July 1978.

7.  
The DICGC premium for deposit insurance is paid by the:

Correct Answer: C [insured bank]

Explanation:

The insured bank pays; the depositor pays nothing.

8.  
IFSCA was established on:

Correct Answer: A [27 April 2020]

Explanation:

27 April 2020 under the IFSCA Act, 2019.

9.  
NPCI is registered as a:

Correct Answer: B [Section 8 (not-for-profit) company]

Explanation:

Section 8 (not-for-profit) company – originally Section 25 of the 1956 Act.

10.  
NPCI took over the National Financial Switch from IDRBT on:

Correct Answer: E [14 December 2009]

Explanation:

14 December 2009.

11.  
Funds sent through RTGS that cannot be credited must be returned to the remitter:

Correct Answer: C [within one hour]

Explanation:

Within one hour (NEFT: within 2 hours).

12.  
For an outward RTGS transaction above ₹ 5 lakh, the maximum charge a bank may levy (excluding tax) is:

Correct Answer: E [₹ 50]

Explanation:

At most ₹ 50 (₹ 25 for ₹ 2–5 lakh); inward RTGS is free.

13.  
Cash-based NEFT remittance to Nepal is offered under the:

Correct Answer: B [Indo-Nepal Remittance Facility]

Explanation:

Indo-Nepal Remittance Facility.

14.  
NPCI's head office is in:

Correct Answer: A [Mumbai]

Explanation:

Mumbai (NPCI circulars).

15.  
According to the Finance Minister (PIB, 8 April 2026), about what share of Mudra loans has gone to women?

Correct Answer: D [two-thirds]

Explanation:

About two-thirds of Mudra loans (Finance Minister, PIB 8 April 2026).

16.  
Which international card schemes have partnered with RuPay?

Correct Answer: A [Discover, JCB, China UnionPay]

Explanation:

Discover, JCB and China UnionPay.

17.  
PMJDY was announced in the Independence Day speech of:

Correct Answer: E [15 August 2014]

Explanation:

Announced 15 August 2014; launched 28 August 2014.

18.  
The overdraft facility available to an eligible PMJDY account holder is up to:

Correct Answer: D [₹ 10,000]

Explanation:

₹ 10,000, after six months of satisfactory operation.

19.  
By 31 July 2026 (PIB), cumulative PM-KISAN transfers through 23 instalments were:

Correct Answer: B [more than ₹ 4.47 lakh crore]

Explanation:

More than ₹ 4.47 lakh crore; the 23rd instalment alone was over ₹ 18,984 crore.

20.  
Cover under PMJJBY and PMSBY runs for the period:

Correct Answer: C [1 June to 31 May]

Explanation:

1 June to 31 May.

21.  
Under PMSBY, partial permanent disability is covered for:

Correct Answer: E [₹ 1 lakh]

Explanation:

₹ 1 lakh; death or total disability ₹ 2 lakh.

22.  
A Mudra loan of ₹ 7 lakh falls in which category?

Correct Answer: B [Tarun]

Explanation:

Tarun – above ₹ 5 lakh up to ₹ 10 lakh.

23.  
Under Stand-Up India, the promoter's (SC/ST or woman) stake in a non-individual enterprise must be at least:

Correct Answer: A [51%]

Explanation:

51% shareholding and controlling stake.

24.  
Under the Modified Interest Subvention Scheme, the effective interest rate for a farmer who repays promptly is:

Correct Answer: D [4%]

Explanation:

7% lending rate − 3% prompt repayment incentive = 4%.

25.  
About these institutions, which is/are correct?
I. The official name of the export credit insurer is now ECGC Limited.
II. NaBFID has its head office in New Delhi.
III. The Unified Pension Scheme for Central Government employees is effective from 1 April 2025.

Correct Answer: C [Only I and III]

Explanation:

I and III true; NaBFID is in Mumbai.

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