Quizzes 

Table of Content

Start PIB Quiz of 20th – 21st September 2021

Q.1) The Meghalaya Enterprise Architecture Project launched by Union Minister of electronics and IT is based on 6 pillars. Which of the following is not one of the 6 pillars?
Q.2) Consider the following statements with respect to Visvesvaraya PhD scheme, identify the correct statement/s (1) The scheme was launched in 2014 by ministry of education (2) In phase 1, 63 patents have been published (3) The 2nd phase is targeted at 1000 full time PhDs (4) One time incentive of Rs.4,50,000 on successful completion of PhD is provided to part time PhDs
Q.3) Which of the following organizations has launched Planetarium Innovation Challenge for Indian Start-Ups and Tech Entrepreneurs?
Q.4) How much amount of grant has been released for non-million plus cities for their basic expenditure and for strengthening the delivery of basic services by ministry of finance?
Q.5) Which of the following drives has been launched by Department of Justice and NALSA to mainstream legal aid?

Start RBI Quiz of 20th – 21st September 2021

Q.1) RBI has come up with a set of Master Directions that shall come into force on January 03, 2022 named as RBI (Market-makers in OTC Derivatives) Directions, 2021. Which of the following entities are covered in this set of master directions to which these directions are applicable? 1.Banks and Financial Institutions 2.Entities permitted to act as market-maker in OTC derivatives 3.Stock Exchanges
Q.2) Identify the OTC derivative in which one counterparty (protection seller) commits to pay to the other counterparty (protection buyer) in the case of a credit event with respect to a reference entity and in return, the protection buyer makes periodic payments (premium) to the protection seller until the maturity of the contract or the credit event, whichever is earlier.
Q.3) Identify the type of Swap Derivative from the case below. • Party A is Canadian and needs EUR. • Party B is European and needs CAD. • The parties enter into a swap today with a maturity of six months. • They agree to swap 1,000,000 EUR, or equivalently 1,500,000 CAD at the spot rate of 1.5 EUR/CAD. • They also agree on a forward rate of 1.6 EUR/CAD because they expect the Canadian Dollar to depreciate relative to the Euro. • Today, Party A receives 1,000,000 Euros and gives 1,500,000 Canadian Dollars to Party B. • In six months’ time, Party A returns 1,000,000 EUR and receives (1,000,000 EUR * 1.6 EUR/CAD = 1,600,000 CAD) from Party B, ending the swap.
Q.4) RBI (Market-makers in OTC Derivatives) Directions, 2021 focus on governance and so Board of Directors of the market-maker shall approve written policies which define the overall framework within which the derivative business shall be conducted, and the related risks are managed. Such framework shall cover risk management specifying which of the following steps to be taken? 1. All risks to which the market-maker is exposed on account of its derivative business shall be identified and risk tolerance levels shall be set 2. Processes shall be established to manage these risks and Stress testing of risk positions shall be conducted 3. A clear and comprehensive set of limits shall be established to manage the risks
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About Anuj Jindal

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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.

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