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1.  
The term of office of a director nominated to the RBI Central Board is:

Correct Answer: B [4 years]

Explanation:

4 years.

2.  
How many Deputy Governors can the RBI have at most?

Correct Answer: A [4]

Explanation:

Up to 4.

3.  
Which of these is NOT a wholly owned subsidiary of the RBI?

Correct Answer: E [NABARD]

Explanation:

RBI subsidiaries: DICGC, BRBNMPL, ReBIT, IFTAS, RBIH; NABARD is not one.

4.  
The RBI's sole right to issue bank notes comes from:

Correct Answer: C [Section 22 of the RBI Act]

Explanation:

Section 22 of the RBI Act.

5.  
The legal tender character of bank notes, and of the CBDC, is given by:

Correct Answer: D [Section 26 of the RBI Act]

Explanation:

Section 26 of the RBI Act.

6.  
The CRR is maintained under:

Correct Answer: B [Section 42 of the RBI Act]

Explanation:

Section 42 of the RBI Act; SLR – Section 24 of the BR Act.

7.  
The maximum SLR the RBI can prescribe under the Banking Regulation Act is:

Correct Answer: A [40%]

Explanation:

40%.

8.  
The first inflation target under the amended RBI Act was notified on:

Correct Answer: C [5 August 2016]

Explanation:

5 August 2016 (for 2016–2021).

9.  
How many nationalised banks were merged into Punjab National Bank on 1 April 2020?

Correct Answer: E [2]

Explanation:

2 – Oriental Bank of Commerce and United Bank of India.

10.  
How many public sector banks are there after the 2020 mergers?

Correct Answer: D [12]

Explanation:

12.

11.  
The paid-up capital and reserves needed to be included in the Second Schedule of the RBI Act is at least:

Correct Answer: B [₹ 5 lakh]

Explanation:

RBI Act s.42(6): paid-up capital and reserves of at least ₹ 5 lakh for a scheduled bank.

12.  
The RBI Integrated Ombudsman Scheme came in:

Correct Answer: A [Reserve Bank – Integrated Ombudsman Scheme, 2021]

Explanation:

Reserve Bank – Integrated Ombudsman Scheme, 2021.

13.  
An FCNR(B) deposit can be kept for a term of:

Correct Answer: D [1 to 5 years]

Explanation:

1 to 5 years.

14.  
The ECGC functions under the administrative control of the:

Correct Answer: C [Ministry of Commerce and Industry]

Explanation:

Ministry of Commerce and Industry; head office Mumbai.

15.  
Under DICGC, a depositor of a bank under all-inclusive directions gets interim payment within:

Correct Answer: E [90 days]

Explanation:

90 days.

16.  
The NFS of NPCI is described as:

Correct Answer: B [largest shared ATM network in India]

Explanation:

Largest shared ATM network in India.

17.  
According to PIB (24 August 2026), UPI or UPI-linked payments are available in how many countries outside India?

Correct Answer: C [11]

Explanation:

11 – including the UAE, France, Bhutan, Sri Lanka, Nepal, Singapore and Mauritius.

18.  
In July 2026, UPI processed about how many transactions in the month (PIB)?

Correct Answer: A [2,366 crore]

Explanation:

About 2,366 crore transactions.

19.  
Total deposits in PMJDY accounts (PIB, 19 August 2026) are about:

Correct Answer: E [₹ 3,16,514 crore]

Explanation:

₹ 3,16,514 crore.

20.  
Under Stand-Up India, the enterprise must be:

Correct Answer: D [greenfield (first-time venture)]

Explanation:

Greenfield – a first-time venture.

21.  
LIC was formed with a capital contribution from the Government of India of:

Correct Answer: A [₹ 5 crore]

Explanation:

₹ 5 crore.

22.  
General Insurance Corporation of India was incorporated on:

Correct Answer: E [22 November 1972]

Explanation:

22 November 1972.

23.  
NSE's index company IISL (now NSE Indices Ltd) was set up in:

Correct Answer: C [1998, joint venture with CRISIL]

Explanation:

IISL (now NSE Indices Ltd) was set up in 1998 as an NSE–CRISIL joint venture.

24.  
Under SEBI rules, a retail individual investor in an IPO can bid for:

Correct Answer: D [up to ₹ 2,00,000]

Explanation:

Up to ₹ 2,00,000.

25.  
The Depositories Act was passed in:

Correct Answer: B [1996]

Explanation:

The Depositories Act was passed in 1996.

26.  
Total expenditure of the Centre in the Budget Estimates 2026-27 is:

Correct Answer: A [₹ 53.5 lakh crore]

Explanation:

₹ 53.5 lakh crore; RE 2025-26 ₹ 49.6 lakh crore.

27.  
The Centre's capital expenditure budgeted for 2026-27 is:

Correct Answer: B [₹ 12.2 lakh crore]

Explanation:

Centre's capital expenditure for 2026-27 (BE) is ₹ 12.2 lakh crore.

28.  
Central government debt for 2026-27 (BE) is estimated at:

Correct Answer: E [55.6% of GDP]

Explanation:

55.6% of GDP.

29.  
The Economic Survey 2025-26 put the share of services in GVA (FY26) at:

Correct Answer: D [56.4% of GVA]

Explanation:

Services were 56.4% of GVA in FY26 per the Economic Survey 2025-26.

30.  
The new base year of the CPI series is:

Correct Answer: C [2024]

Explanation:

2024 (old base 2012).

31.  
The New Development Bank was agreed upon at the BRICS Summit held in:

Correct Answer: A [2014, 6th BRICS Summit, Fortaleza]

Explanation:

NDB was agreed at the 6th BRICS Summit, Fortaleza (Brazil), 2014.

32.  
The WTO was created by the:

Correct Answer: C [Uruguay Round (1986–94)]

Explanation:

Uruguay Round (1986–94).

33.  
The UN Environment Programme is headquartered in:

Correct Answer: B [Nairobi]

Explanation:

Nairobi.

34.  
The G20 was formed in:

Correct Answer: E [1999]

Explanation:

1999; India hosted the New Delhi Summit in September 2023.

35.  
About international finance, which is/are correct?
I. The IMF's general SDR allocation of 23 August 2021 was about SDR 456.5 billion.
II. Pablo Hernández de Cos became General Manager of the BIS on 1 July 2025.
III. India became a member of MIGA in 1945.

Correct Answer: D [Only I and II]

Explanation:

I and II true; India joined MIGA on 6 January 1994.

36.  
Arrange in chronological order: (P) IBBI established (Q) NaBFID founded (R) IRDA Act, 1999 comes into force (S) IFSCA established

Correct Answer: B [R – P – S – Q]

Explanation:

IRDA Act in force 19 April 2000 → IBBI 1 October 2016 → IFSCA 27 April 2020 → NaBFID 19 April 2021.

37.  
National Space Day, marking the Chandrayaan-3 landing, is observed on:

Correct Answer: A [23 August]

Explanation:

23 August (landing in 2023).

38.  
The capital of Morocco is:

Correct Answer: E [Rabat]

Explanation:

Rabat; Algiers – Algeria.

39.  
Rajatarangini, a history of Kashmir, was written by:

Correct Answer: C [Kalhana]

Explanation:

Kalhana.

40.  
Gir National Park is the home of the:

Correct Answer: D [Asiatic lion]

Explanation:

Asiatic lion – Gujarat.

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