1. With reference to investments, consider the following:
I. Bonds
II. Hedge Funds
III. Stocks
IV. Venture Capital
How many of the above are treated as Alternative Investment Funds (AIFs)?
(a) Only one
(b) Only two
(c) Only three
(d) All the four
✅ Answer: (b) Only two
(Hedge Funds and Venture Capital are typically classified under AIFs in India.)
2. Which of the following are the sources of income for the Reserve Bank of India?
I. Buying and selling Government bonds
II. Buying and selling foreign currency
III. Pension fund management
IV. Lending to private companies
V. Printing and distributing currency notes
Select the correct answer using the code given below:
(a) I and II only
(b) II, III and IV
(c) I, III, IV and V
(d) I, II and V
✅ Answer: (d) I, II and V
3. With reference to the Government of India, consider the following information:
| Organization | Some of its functions | It works under |
|---|---|---|
| I. Directorate of Enforcement | Enforcement of the Fugitive Economic Offenders Act, 2018 | Internal Security Division-I, Ministry of Home Affairs |
| II. Directorate of Revenue Intelligence | Enforces the Provisions of the Customs Act, 1962 | Department of Revenue, Ministry of Finance |
| III. Directorate General of Systems and Data Management | Carrying out big data analytics to assist tax officers for better policy and nabbing tax evaders | Department of Revenue, Ministry of Finance |
In how many of the above rows is the information correctly matched?
(a) Only one
(b) Only two
(c) All three
(d) None
✅ Answer: (c) All three