Question : Which of the following is a feature of a non-banking financial company (NBFC)?

Option 1: Accepting deposits from the public

Option 2: Regulated by the Reserve Bank of India (RBI)

Option 3: Providing credit facilities

Option 4: None of the above

Question : Assertion: The service sector contributes the highest share of India's GDP.

Reason: India has witnessed significant growth in sectors such as IT, telecommunications, banking, tourism, and healthcare.

Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Option 3: Assertion is true, but the reason is false.

Option 4: Assertion is false, but the reason is true.

Question : Which among the following comes under the primary sector of the Indian Economy?

Option 1: Sugar Industry

Option 2: Dairy Industry

Option 3: Banking Industry

Option 4: Transport of Goods

Question : Comprehension:

In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

The modern world (1) ________ around technology. It has advanced dramatically in the beyond twenty years, and presently, we can't envision a world without PCs and cell phones. The last century saw fast progressions in innovation and science, which were unfathomable previously. The internet is perhaps the most significant of these. Today, it is no longer a science fiction concept to communicate with people anywhere in the world. While smartphones keep us constantly connected to the virtual world, the wireless internet has eliminated the need to use a physical wire to connect with this world. Today, we rely on the Internet to pay our bills, book tickets, travel, and conduct banking transactions. Li-Fi, a new technology that uses light signals to (2) ________ data and reduces external interference, is currently in development.
On the other hand, such rapid progress comes with some (3) ________. Another sort of wrongdoing, known as digital wrongdoing, is the greatest danger to security today. WannaCry was one of the biggest recent cyberattacks. It infected more than 230,000 computers in over 150 countries and threatened to erase valuable data unless ransom payments were made. Personal and (4) ________ data continue to be stolen frequently, and our country's cyber security is still lacking. It's also possible to say that people miss out on important experiences in the real world because they spend so much time in the virtual world. The distinction between the real and online worlds sometimes appears to blur, especially as social media grows in popularity. For instance, the internet was said to have become so addictive in China that programmes were established to help people get off of it. However, technology's benefits (5)________ its drawbacks. It all comes down to what we do with it. One thing to keep in mind is that technology can serve us well, but not completely.

Select the most appropriate option to fill in the blank no. 1.

Option 1: rotates

Option 2: revolves

Option 3: squares

Option 4: circles

Question : Comprehension:
In the following passage, some of the words have been deleted. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.
Gaming in the banking sector seems virtually (1) _____ to eliminate. The only effective measure to end it would be to (2) _____ bankers personally liable for losses, to remove the sense that their actions—their games—have (3) ______ personal financial or legal consequences.
It is this, rather (4) ______ removing the cap on bankers' bonuses, that has the best chance of preventing the financial system from blowing (5) ____ again.
Question:
Select the most appropriate option to fill in the blank number 4.

Option 1: then

Option 2: but

Option 3: so

Option 4: than

Question : Which program was launched in 2015 to promote financial inclusion and provide banking services to all households in India?

Option 1: Swachh Bharat Abhiyan

Option 2: Make in India

Option 3: Digital India

Option 4: Pradhan Mantri Jan Dhan Yojana

Question : Which of the following is not a function of the RBI?

Option 1: Regulating the banking system

Option 2: Conducting monetary policy

Option 3: Issuing currency notes

Option 4: Regulating the stock market

Question : Case Study 34

ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.

Question : 

What is the full form of SEBI?

Option 1: Securities and Exchange Board of India
 

Option 2: Stock Exchange and Banking Institution
 

Option 3: Securities and Equity Brokerage Institute

Option 4: Stock Exchange and Business Investment

Question : Choose which of the following statements is not correct.

Option 1: Debentures Redemption Investment is made by all companies redeeming the debentures.

Option 2: All India Financial Institutions (AIFIs), Banking Companies and Other Financial Institutions are not required to set aside amount to Debentures Redemption Reserve.

Option 3: Unlisted NBFCs and HFCs are not required to invest 15% of Outstanding Debentures in Specified Securities.

Option 4: Debentures Redemption Reserve can be used only for redemption of debentures.

Question : Case Study 34

ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.

Question : 

What is the full form of SEBI?

Option 1: Securities and Exchange Board of India
 

Option 2: Stock Exchange and Banking Institution
 

Option 3: Securities and Equity Brokerage Institute

Option 4: Stock Exchange and Business Investment