HorthooZ – Kerala GK, PSC Questions & Onam Quiz

Question 1

Which international financial institution publishes the biannual 'Global Economic Prospects' report?

A New Development Bank (NDB)

B The World Bank

C International Monetary Fund (IMF)

D Asian Development Bank (ADB)

Question 2

What is the primary purpose of the 'Cash Reserve Ratio (CRR)' maintained by commercial banks with the RBI?

A To maintain a specified percentage of total deposits as liquid cash reserves with the central bank to control liquidity and ensure safety

B To finance international crude oil import bills

C To provide emergency flood relief loans to rural farmers

D To subsidize corporate export manufacturing plants

Question 3

Which index published by the Reserve Bank of India tracks consumer inflation expectations for three months and one year ahead?

A Consumer Confidence Survey

B Inflation Expectations Survey of Households (IESH)

C House Price Index

D Financial Stability Report

Question 4

Which index compiled by the Reserve Bank of India tracks consumer confidence regarding employment, price levels, and economic outlook?

A House Price Index

B Inflation Expectations Survey

C Financial Stability Report

D Consumer Confidence Survey (CCS)

Question 5

Which institution in India is statutorily mandated to regulate monetary policy and set the benchmark repo rate under the RBI Act, 1934?

A Monetary Policy Committee (MPC) of the Reserve Bank of India

B Securities and Exchange Board of India (SEBI)

C NITI Aayog

D Ministry of Finance, Department of Economic Affairs

Question 6

What does 'Open Market Operations (OMOs)' conducted by the Reserve Bank of India involve?

A Issuing retail grocery discount coupons to rural citizens

B The outright purchase or sale of government securities by the central bank in the open market to regulate rupee liquidity

C Auctioning gold ornaments seized from loan defaulters

D Trading private corporate shares directly on the stock exchange

Question 7

What does 'Gross Domestic Product (GDP) Growth Rate' measure in macroeconomic analysis?

A The average individual savings deposit balance in commercial banks

B The total foreign exchange debt owed to international monetary bodies

C The aggregate gold reserve held in central bank vaults

D The annual percentage change in the total monetary value of all goods and services produced within a country

Question 8

What does 'Core Inflation' measure by excluding volatile items from headline inflation calculations?

A Inflation excluding food and energy (fuel) items, reflecting underlying long-term price trends

B Inflation restricted to corporate software technology exports

C Inflation measured only in rural agricultural village markets

D Inflation calculated exclusively for luxury gold jewelry imports

Question 9

Which international organization publishes the annual 'Global Competitiveness Report' evaluating economic productivity?

A World Economic Forum (WEF)

B International Monetary Fund (IMF)

C World Bank

D OECD

Question 10

Which international organization publishes the annual 'Global Financial Stability Report (GFSR)' reviewing global capital markets?

A Financial Stability Board (FSB)

B Bank for International Settlements (BIS)

C International Monetary Fund (IMF)

D The World Bank

Question 11

Which organization operates the Unified Payments Interface (UPI) infrastructure in India?

A Indian Banks' Association (IBA)

B Reserve Bank of India (RBI) directly

C National Payments Corporation of India (NPCI)

D State Bank of India (SBI)

Question 12

Which document presented annually by the Union Finance Minister outlines the government's estimated financial receipts and expenditures for the upcoming fiscal year?

A Economic Census Statement

B Union Budget (Annual Financial Statement under Article 112)

C Balance of Payments Statement

D Monetary Policy Report

Question 13

What is the primary objective of the 'Production Linked Incentive (PLI)' scheme across key manufacturing sectors?

A To fund municipal plastic waste recycling factories

B To boost domestic manufacturing capacity, attract investments, and enhance export competitiveness by offering financial incentives based on production

C To provide interest-free consumer loans for purchasing luxury cars

D To subsidize foreign cruise ship ticket bookings

Question 14

What does 'Statutory Liquidity Ratio (SLR)' require banks to hold prior to extending credit to customers?

A Mandatory foreign exchange reserves for international luxury travel

B A specified percentage of liquid assets like gold, cash, or approved government securities

C Free corporate social responsibility welfare funds

D A fixed minimum share capital requirement for foreign promoters

Question 15

What is the primary function of the 'National Asset Reconstruction Company Limited (NARCL)' in India's banking sector?

A To provide micro-housing loans for rural impoverished families

B To regulate foreign institutional portfolio investments

C To aggregate and resolve stressed bad loans (NPAs) from commercial banks, cleaning up balance sheets

D To audit central government tax revenue collections

Question 16

What does the term 'Green Bonds' issued by the Government of India signify in public financial markets?

A Tax-free bonds distributed to luxury automobile owners

B Bonds issued exclusively for funding coal thermal power generation plants

C Sovereign bonds issued to mobilize resources for environmentally sustainable and climate-friendly infrastructure projects

D High-risk derivative options traded in cryptocurrency exchanges

Question 17

What does 'Quantitative Easing (QE)' signify in central bank unconventional monetary policy tools?

A The sudden hike of Cash Reserve Ratio to 50% for all commercial banks

B Large-scale asset purchases by a central bank to inject liquidity into the economy when interest rates are already near zero

C The complete physical printing of paper currency notes exceeding GDP

D The implementation of flat 30% corporate wealth taxes

Question 18

What does 'Fiscal Deficit' represent in the context of government budgetary management?

A The total foreign exchange reserves held in central vaults

B The total trade surplus with foreign partner nations

C The surplus revenue generated by public sector commercial banks

D The excess of total government expenditure over total non-borrowed receipts, indicating total borrowing requirements

Question 19

What does 'Securitization' signify in banking and financial asset management?

A The physical security locking of central bank cash vaults

B The process of pooling various types of contractual debt and selling them as standardized securities to investors

C The mandatory freezing of dormant savings bank accounts

D The conversion of physical paper currency into gold bullion

Question 20

What is the primary retail inflation targeting framework mandated for the Reserve Bank of India by the Central Government?

A Target a fixed foreign exchange rate of 70 rupees per US dollar

B Maintain Wholesale Price Index (WPI) inflation strictly at 0%

C Maintain Consumer Price Index (CPI) inflation at 4% with a band of +/- 2%

D Keep core industrial growth exactly at 8% annually

Question 21

What is the primary objective of the 'PM Mudra Yojana' regarding micro-entrepreneurs?

A To construct luxury residential housing complexes in metropolitan cities

B To purchase commercial cargo freight ships

C To provide collateral-free institutional credit up to Rs. 10 lakh under Shishu, Kishore, and Tarun categories to small businesses

D To provide free chemical fertilizers to large-scale agricultural farmers

Question 22

Which statutory authority in India regulates and supervises pension funds and subscriber interests under the National Pension System (NPS)?

A Insurance Regulatory and Development Authority (IRDAI)

B Pension Fund Regulatory and Development Authority (PFRDA)

C Securities and Exchange Board of India (SEBI)

D Reserve Bank of India (RBI)

Question 23

Which international rating agency frequently assesses India's sovereign credit rating and macroeconomic outlook?

A World Economic Forum

B Moody's, S&P Global, and Fitch Ratings

C Transparency International

D Amnesty International

Question 24

What does 'Tobin Tax' or financial transaction tax conceptually propose in global economic policy?

A A heavy punitive tax on agricultural food grain exports

B A small excise tax on short-term currency conversions and speculative financial transactions to curb market volatility

C A mandatory carbon emission tax on rural farmers

D A corporate property wealth tax for software parks

Question 25

Which rate is charged by the Reserve Bank of India when it lends overnight funds to commercial banks without collateral?

A Reverse Repo rate

B Bank rate

C Repo rate

D Standing Deposit Facility / Marginal Standing Facility (MSF) rate

Question 26

Which organization compiles and releases the Index of Industrial Production (IIP) tracking manufacturing, mining, and electricity sectors in India?

A National Statistical Office (NSO), Ministry of Statistics and Programme Implementation

B Reserve Bank of India (RBI)

C NITI Aayog

D Securities and Exchange Board of India (SEBI)

Question 27

Which financial statement released by the central government outlines actual tax collections, expenditures, and fiscal outcomes of the previous year?

A Union Budget Receipts and Expenditure Accounts / Controller General of Accounts (CGA) Fiscal Data

B Economic Survey Volume II

C Balance of Payments Statement

D Monetary Policy Statement

Question 28

Which international organization publishes the annual 'World Economic Outlook' report featuring global growth forecasts?

A World Bank

B Organisation for Economic Co-operation and Development (OECD)

C World Trade Organization (WTO)

D International Monetary Fund (IMF)

Question 29

What does the 'Central Bank Digital Currency (CBDC)' or 'e-Rupee' launched by the RBI represent?

A A decentralized cryptocurrency traded on private blockchain networks

B A fixed deposit bond issued exclusively for foreign institutional investors

C A loyalty reward point system for commercial bank account holders

D A sovereign digital currency issued by the Reserve Bank of India in digital form, legal tender equivalent to paper currency

Question 30

What does 'NPAs (Non-Performing Assets)' signify in commercial banking balance sheets?

A Government bonds held as statutory liquidity reserves

B Loans or advances that are in default or arrears, where principal or interest payments have not been made for 90 days

C Profits generated from foreign exchange trading activities

D Cash rewards distributed to senior deposit account holders

Question 31

What is the primary objective of India's 'Ayushman Bharat Digital Mission (ABDM)' in healthcare economics?

A To construct multi-specialty corporate hospitals in rural villages

B To subsidize health insurance premiums for high-income earners

C To develop the backbone necessary to support the integrated digital health infrastructure of India, ensuring interoperability

D To provide free generic medicines across private retail medical shops

Question 32

What is the primary objective of the 'PM SVANidhi' scheme launched to support street vendors financially?

A To provide free commercial cargo trucks for highway transport

B To subsidize chemical fertilizer imports for large farmers

C To provide affordable working capital micro-loans to urban street vendors to resume businesses affected by economic disruptions

D To fund luxury housing complexes for corporate executives

Question 33

What is the primary objective of the 'PM Jan Dhan Yojana (PMJDY)' regarding banking access in India?

A To regulate stock exchange derivative trading commissions

B To distribute subsidized chemical fertilizers to large farmers

C To provide free commercial trucks for rural transport businesses

D To ensure universal access to banking services with zero-balance savings accounts and overdraft facilities

Question 34

Which rate does the Reserve Bank of India charge when it provides overnight liquidity to banks against government securities?

A Repo Rate

B Bank Rate

C Call Money Rate

D Reverse Repo Rate

Question 35

Which index compiled by the Reserve Bank of India tracks digital payment adoption and penetration across regions?

A Financial Inclusion Index

B RBI Digital Payments Index (RBI-DPI)

C Consumer Confidence Survey

D House Price Index

Question 36

Which financial sector regulator in India oversees mutual funds, stock exchanges, and portfolio managers?

A Reserve Bank of India (RBI)

B Insurance Regulatory and Development Authority (IRDAI)

C Securities and Exchange Board of India (SEBI)

D Pension Fund Regulatory and Development Authority (PFRDA)

Question 37

Which central bank interest rate acts as the benchmark rate for long-term lending by commercial banks in India?

A Statutory Liquidity Ratio (SLR)

B Cash Reserve Ratio (CRR)

C Bank Rate / Repo Rate framework

D Wholesale Price Index

Question 38

What does the 'Reverse Repo Rate' signify in the RBI's liquidity management operations?

A The minimum savings deposit interest rate for senior citizens

B The penalty interest rate charged on bounced checks

C The corporate dividend tax rate for stock exchange listed firms

D The interest rate at which the RBI borrows funds from commercial banks or parks excess liquidity with itself

Question 39

What does 'GST Council' chaired by the Union Finance Minister and comprising state finance ministers decide upon?

A Individual income tax slab rates and corporate wealth taxes

B Minimum support prices for agricultural food grains

C Commercial bank repo rates and cash reserve ratios

D Goods and Services Tax rates, exemptions, tax thresholds, and administrative modalities across India

Question 40

Which digital initiative launched by the Reserve Bank of India enables feature phone users to make digital payments without internet connectivity?

A Aadhaar Enabled Payment System (AePS)

B UPI123Pay

C Central Payments Registry

D Bharat Bill Payment System (BBPS)

Question 41

Which index compiled by the Reserve Bank of India tracks the confidence and sentiment of corporate manufacturing sector firms?

A House Price Index

B Industrial Outlook Survey (IOS)

C Consumer Confidence Survey

D Inflation Expectations Survey

Question 42

Which organization compiles and releases the monthly GST revenue collection data in India?

A Ministry of Finance, Government of India

B NITI Aayog

C Securities and Exchange Board of India (SEBI)

D Reserve Bank of India (RBI)

Question 43

What is the primary purpose of the 'Prompt Corrective Action (PCA)' framework for Non-Banking Financial Companies (NBFCs)?

A To regulate retail grocery store pricing models

B To provide tax exemptions for foreign venture capital investors

C To strengthen supervisory oversight and trigger timely corrective measures for financially distressed NBFCs

D To fund municipal highway construction projects

Question 44

What is the primary objective of the 'Prompt Corrective Action (PCA)' framework applied by the RBI to commercial banks?

A To nationalize private corporate banks immediately upon startup

B To enable supervisory intervention and early corrective action against weak, undercapitalized, or distressed banks

C To provide zero-interest personal loans to retail account holders

D To regulate international shipping cargo insurance policies

Question 45

What is the primary objective of India's 'Open Network for Digital Commerce (ONDC)' initiative in the economy?

A To create a monopoly online retail shopping store owned by the central government

B To promote open networks for all aspects of exchange of goods and services over digital or electronic networks, democratizing e-commerce

C To regulate international cryptocurrency mining farms across states

D To issue digital currency tokens for government employees

Question 46

What is the primary function of the 'Monetary Policy Report (MPR)' published biannually by the RBI?

A To regulate stock exchange trading securities

B To audit commercial bank employee salary structures

C To collect corporate income taxes from private firms

D To explain the macroeconomic assessment and inflation outlook guiding monetary policy decisions

Question 47

Which international economic forum holds its annual meeting in Davos, Switzerland, bringing together global leaders and central bankers?

A International Monetary Fund (IMF)

B World Economic Forum (WEF)

C Group of Twenty (G20)

D World Bank Group

Question 48

What does 'Insolvency and Bankruptcy Code (IBC)' enacted in India primarily aim to resolve?

A Regulation of retail stock exchange derivative speculation

B Fixing international crude oil import tariffs

C Collection of individual municipal property taxes

D Time-bound resolution of insolvency for corporate persons, partnerships, and individuals to revive businesses or liquidate efficiently

Question 49

Which technological payment platform developed by NPCI recorded milestone transaction volumes exceeding billions per month in India?

A Real Time Gross Settlement (RTGS)

B Unified Payments Interface (UPI)

C National Electronic Funds Transfer (NEFT)

D Immediate Payment Service (IMPS)

Question 50

Which index measures wholesale price inflation across commodities traded in primary, fuel, and manufactured product markets in India?

A Consumer Price Index (CPI)

B Purchasing Managers' Index (PMI)

C Wholesale Price Index (WPI)

D Index of Industrial Production (IIP)