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1.  
LIC came into existence on 1 September 1956 by merging how many insurers and provident societies?

Correct Answer: B [245]

Explanation:

245 insurers and provident societies.

2.  
The oldest Indian-owned life insurer, Bombay Mutual Life Assurance Society, was set up in:

Correct Answer: C [1870]

Explanation:

1870; Oriental Life (1818, Calcutta) was the first life insurer in India.

3.  
GIC Re was notified as the 'Indian Reinsurer' in:

Correct Answer: A [November 2000]

Explanation:

November 2000; its four subsidiaries were delinked on 21 March 2003.

4.  
BSE introduced its screen-based trading system BOLT on:

Correct Answer: D [14 March 1995]

Explanation:

14 March 1995.

5.  
The Prevention of Money-laundering Act, 2002 came into force on:

Correct Answer: E [1 July 2005]

Explanation:

1 July 2005 (Sec 1(3), notification G.S.R.

6.  
NSE's equity (capital market) segment began operations in:

Correct Answer: A [1994]

Explanation:

1994; NSE incorporated 1992, recognised April 1993.

7.  
A depository participant must resolve an investor complaint within (SEBI investor charter, as on 14 Oct 2026):

Correct Answer: D [21 days]

Explanation:

21 days (SEBI investor charter).

8.  
Total grants recommended by the Sixteenth Finance Commission for 2026-31 (PRS) are:

Correct Answer: C [₹ 9.47 lakh crore]

Explanation:

₹ 9.47 lakh crore over 2026-31 (PRS summary of the report).

9.  
SEBI's online complaints system SCORES was launched on:

Correct Answer: E [8 June 2011]

Explanation:

8 June 2011.

10.  
The Union Budget 2026-27 was presented on:

Correct Answer: B [1 February 2026]

Explanation:

1 February 2026; the Economic Survey came on 29 January 2026.

11.  
The fiscal deficit target for 2026-27 (Budget Estimate) is:

Correct Answer: E [4.3% of GDP]

Explanation:

4.3% of GDP; RE 2025-26 4.4%.

12.  
As on 16 October 2026, the President of the FATF (term 1 July 2026 – 30 June 2028) is:

Correct Answer: C [Giles Thomson (UK)]

Explanation:

Giles Thomson of the UK (FATF website).

13.  
As per MoSPI (released 12 October 2026), all-India CPI inflation for September 2026 was:

Correct Answer: D [5.54%]

Explanation:

5.54%; food 7.74%, rural 6.08%, urban 4.88%.

14.  
As on 16 October 2026, the President of the Asian Infrastructure Investment Bank (AIIB) is:

Correct Answer: B [Zou Jiayi]

Explanation:

Zou Jiayi (AIIB management page, as on 16 Oct 2026).

15.  
The GST Council is provided for in:

Correct Answer: A [Article 279A]

Explanation:

Article 279A; Art 280 – Finance Commission.

16.  
The FATF was set up in:

Correct Answer: C [1989]

Explanation:

1989, by the G7 Paris summit; secretariat in Paris.

17.  
The Asian Clearing Union is headquartered in:

Correct Answer: E [Tehran]

Explanation:

ACU – 1974, Tehran.

18.  
The first loan made by the World Bank (IBRD) went to:

Correct Answer: D [France]

Explanation:

France (1947).

19.  
The New Development Bank's India Regional Office is in:

Correct Answer: B [GIFT City (2022)]

Explanation:

GIFT City (2022).

20.  
Which Indian was the first President of the New Development Bank?

Correct Answer: A [K. V. Kamath (2015)]

Explanation:

K. V. Kamath (2015).

21.  
Which day is observed in India on 15 September?

Correct Answer: C [Engineers' Day]

Explanation:

Engineers' Day (M. Visvesvaraya); Hindi Diwas 14 Sep; Ozone Day 16 Sep.

22.  
Forint is the currency of:

Correct Answer: A [Hungary]

Explanation:

Hungary; zloty – Poland; koruna – Czech Republic.

23.  
Silappatikaram was written by:

Correct Answer: B [Ilango Adigal]

Explanation:

Ilango Adigal.

24.  
SCSS stands for:

Correct Answer: E [Senior Citizens' Savings Scheme]

Explanation:

Senior Citizens' Savings Scheme – a small-savings scheme.

25.  
LEI, used for large-value transactions, stands for:

Correct Answer: D [Legal Entity Identifier]

Explanation:

Legal Entity Identifier – 20 characters.

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