FINQUEST Quiz

India recently surpassed which country to become the fifth-largest economy in the world?

• Germany

• Japan

• UK

• France

Which type of derivative is commonly used to hedge against interest rate fluctuations?

• A) Futures contract

• Swap

• Forward contract

• Call option

Which scheme was launched by the Indian government to make e-commerce accessible to small-scale businesses and artisans across India?

• Make in India

• ONDC

• Startup India

• MUDRA

The RBI recently introduced the 'Standing Deposit Facility' (SDF). What is its primary purpose?

• To absorb excess liquidity

• To fund infrastructure projects

• To support digital banking

• To manage inflation

Which Indian bank was the first to launch a UPI-linked RuPay credit card?

• SBI

• HDFC

• ICICI

• Axis Bank

In 2024, which institution acquired IDFC AMC (Asset Management Company)?

• SBI Mutual Fund

• Aditya Birla Capital

• Bandhan Financial Holdings

• Axis Bank

Who was appointed the chairperson of the Securities and Exchange Board of India (SEBI) in 2024?

• Ajay Tyagi

• M. Rajeshwar Rao

• Madhabi Puri Buch

• Uday Kotak

What is the purpose of India's PLI (Production Linked Incentive) scheme?

• To promote exports

• To incentivize foreign investments

• To encourage domestic manufacturing

• To boost MSME sector growth

Which entity regulates payment aggregators and payment gateways in India?

• SEBI

• RBI

• NPCI

• Ministry of Finance

Which ministry is responsible for the Digital India initiative?

• Ministry of Electronics and Information Technology

• Ministry of Finance

• Ministry of Science and Technology

• Ministry of Corporate Affairs