MCQ Test: Indian Economy and Business: RBI's New Nomination Rules, Market Volatility, and Trade Progress Mark Recent Developments

1. What is the effective date for the Reserve Bank of India's (RBI) new directions regarding nomination facilities for deposit accounts, safe deposit lockers, and articles held in safe custody?

A) October 30, 2025 B) November 1, 2025 C) December 1, 2024 D) January 1, 2026

2. According to the new RBI directions on nomination facilities, what is required if a customer chooses to opt out of making a nomination?

A) A notarized affidavit B) A written declaration of refusal C) Approval from a bank manager D) An online form submission only

3. What is the mandate for banks under the new RBI rules regarding customers who decline to make a nomination?

A) Banks must refuse to open an account B) Banks are mandated to open accounts, provided the customer gives a written refusal or the bank notes it C) Banks must inform the customer's legal heirs D) Banks can only open a temporary account

4. What recent action did the US Federal Reserve take regarding interest rates, as mentioned in the current affairs?

A) Increased interest rates by 25 bps B) Cut interest rates by 25 bps C) Maintained current interest rates D) Signaled immediate future rate hikes

5. Who is the Fed Chair mentioned in the context of downplaying the likelihood of further rate cuts?

A) Janet Yellen B) Ben Bernanke C) Jerome Powell D) Alan Greenspan

6. India has made 'significant progress' in Free Trade Agreement (FTA) talks with which international body?

A) ASEAN B) African Union C) European Union D) SAARC

7. What new measure has the Centre imposed on yellow pea imports?

A) A 5% import duty and 10% cess B) A 10% import duty and 20% additional cess C) A complete ban on imports D) Subsidies for yellow pea imports

8. What is the likely aim of imposing import duty and cess on yellow pea imports ahead of the Kharif season?

A) To boost international trade B) To increase government revenue C) To support domestic agricultural markets D) To reduce food inflation

9. Which fintech firm, preparing for its Initial Public Offering (IPO), recently received a $600 million investment from General Atlantic?

A) Paytm B) BharatPe C) PhonePe D) MobiKwik

10. India holds what position as a market for the Canadian pension fund CPPIB (Canada Pension Plan Investment Board) in the Asia-Pacific region?

A) Largest B) Second-largest C) Third-largest D) Fifth-largest

11. Which of the following is NOT mentioned as a sector targeted by CPPIB for investments in India?

A) Real estate B) Energy C) Defence manufacturing D) E-commerce

12. Which company, parent to the brand boAt, has refiled documents for a Rs 15-billion IPO?

A) Imagine Marketing B) Titan Company C) Reliance Retail D) Tata Electronics

13. Which bank's application for a universal bank license was returned by the Reserve Bank of India (RBI)?

A) Equitas Small Finance Bank B) AU Small Finance Bank C) Jana Small Finance Bank D) Ujjivan Small Finance Bank

14. What reason did the RBI cite for returning Jana Small Finance Bank's application for a universal bank license?

A) Insufficient capital B) Did not meet eligibility criteria under the 2024 framework for small finance banks C) Regulatory non-compliance issues D) Pending legal disputes

ALL TN Comp Exams Prep

Indian Economy and Business: RBI's New Nomination Rules, Market Volatility, and Trade Progress Mark Recent Developments

Your Score: 0 / 0

1. What is the effective date for the Reserve Bank of India's (RBI) new directions regarding nomination facilities for deposit accounts, safe deposit lockers, and articles held in safe custody?

2. According to the new RBI directions on nomination facilities, what is required if a customer chooses to opt out of making a nomination?

3. What is the mandate for banks under the new RBI rules regarding customers who decline to make a nomination?

4. What recent action did the US Federal Reserve take regarding interest rates, as mentioned in the current affairs?

5. Who is the Fed Chair mentioned in the context of downplaying the likelihood of further rate cuts?

6. India has made 'significant progress' in Free Trade Agreement (FTA) talks with which international body?

7. What new measure has the Centre imposed on yellow pea imports?

8. What is the likely aim of imposing import duty and cess on yellow pea imports ahead of the Kharif season?

9. Which fintech firm, preparing for its Initial Public Offering (IPO), recently received a $600 million investment from General Atlantic?

10. India holds what position as a market for the Canadian pension fund CPPIB (Canada Pension Plan Investment Board) in the Asia-Pacific region?

11. Which of the following is NOT mentioned as a sector targeted by CPPIB for investments in India?

12. Which company, parent to the brand boAt, has refiled documents for a Rs 15-billion IPO?

13. Which bank's application for a universal bank license was returned by the Reserve Bank of India (RBI)?

14. What reason did the RBI cite for returning Jana Small Finance Bank's application for a universal bank license?

Indian Economy and Business: RBI's New Nomination Rules, Market Volatility, and Trade Progress Mark Recent Developments

Your Score: 0 / 0

1. What is the effective date for the Reserve Bank of India's (RBI) new directions regarding nomination facilities for deposit accounts, safe deposit lockers, and articles held in safe custody?

2. According to the new RBI directions on nomination facilities, what is required if a customer chooses to opt out of making a nomination?

3. What is the mandate for banks under the new RBI rules regarding customers who decline to make a nomination?

4. What recent action did the US Federal Reserve take regarding interest rates, as mentioned in the current affairs?

5. Who is the Fed Chair mentioned in the context of downplaying the likelihood of further rate cuts?

6. India has made 'significant progress' in Free Trade Agreement (FTA) talks with which international body?

7. What new measure has the Centre imposed on yellow pea imports?

8. What is the likely aim of imposing import duty and cess on yellow pea imports ahead of the Kharif season?

9. Which fintech firm, preparing for its Initial Public Offering (IPO), recently received a $600 million investment from General Atlantic?

10. India holds what position as a market for the Canadian pension fund CPPIB (Canada Pension Plan Investment Board) in the Asia-Pacific region?

11. Which of the following is NOT mentioned as a sector targeted by CPPIB for investments in India?

12. Which company, parent to the brand boAt, has refiled documents for a Rs 15-billion IPO?

13. Which bank's application for a universal bank license was returned by the Reserve Bank of India (RBI)?

14. What reason did the RBI cite for returning Jana Small Finance Bank's application for a universal bank license?

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