Questions shown in Blue Colour are given in UPSC Civils Prelims GS Paper Exam conduced on 3.6.2018 ( D Series Test Booklet)

Questions shown  in  Blue Colour are given in UPSC Civils Prelims GS Paper

 Exam  conduced on 3.6.2018 ( D Series Test Booklet)

Questions shown in   Red Colour are printed in Andhra Jyothi  on different dates written by P.Potayya Sarma 

Sl.No.	Date of Printing in Andhra Jyothi	Question Printed in Andhra Jyothi ‘Banking Knowledge & Financial Awareness’	Question appeared in UPSC Civil Services (Prelims)Exam 2018 GS Paper conducted on  3.6.2018 (D Series Test Booklet)
1)	Q.No.4  & 23   dt. 22.12.2017	4) What is Merchant Discount Rate (MDR) for debit card transactions (as a % of transaction value) (January 1, 2018) QR code-based card acceptance infrastructure for Small merchants (with turnover upto Rs. 20 lakh during the previous financial year)? a) Not exceeding 0.30% b) 5% c) 6% d) 7% e) 4% Ans : a 23) The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ Aadhaar enabled Payment System (AePS) transactions upto and including a value of Rs. 2000 will be borne by the Government for a period of how many years of with effect from 1st January, 2018 by reimbursing the same to the banks ?  a) two years b) one year c) 5 years d) 6 years e) None of these Ans : a	21. Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news ? (a) The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank. ( b) The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services. (c) The charge to a merchant by a bank for accepting payments from his customers through the bank's debit cards. (d) The incentive given by the Government, to merchants for promoting digital payments by their customers through Point of Sale (PoS) machines and debit cards. Answer.c
2)	Q.No.29    dt. 18.8.2017 (Questions upto 26 only printed. But e-mail sent on 15.8.2017 )	29) Who is the head of the FRBM Committee ? a) NK Singh b) Kasturirangan c) C.Rangarajan d) Sri Krishna e) None of these Ans: a	24. Consider the following statements 1. The Fiscal Responsibility and Budget Management ( FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments. 2. The Central Government has domestic liabilities of 21% of GDP as compared to that of war of GDP of the State 2 Governments. 3. As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statements given above is/are correct? (a) 1 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 Answer.c
3)	Dt.26.9.2017	26) Who are entitled to get the UID Numbers? a)  all residents of India who satisfy the verification process that is in place. b)only foreigners c) only NRIs d) only PIOs e) None of these Ans : a 27) What is the information that the UIDAI seeks from the resident? a) Name, Date of Birth, Gender, Address of the resident, Photograph, all ten fingerprints and both iris scan is required. b) In case of minors (children less than 5 years age), the name of the Mother/ Father/Guardian is also required c) Bank account number d) Both (a) & (b) e) None of these Ans : d	27. Consider the following statements : 1. Aadhaar card can be used as a proof of citizenship or domicile. 2. Once issued, Aadhaar number cannot be deactivated or omitted by the Issuing Authority. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Answer.d
4)	Q.No.27 dt. 26.1.2018	27) Which of the following can be called as ‘Processing Agency ‘  in the ecosystem of digitalization ? a) NPCI, Mumbai b)  IDRBT , Hyderabad c) Both (a) & (b) d) Co-operative Banks e) SIDBI Ans : c	30. Which one of the following links all the ATMs in India ? (a) Indian banks' Association (b) National Securities Depository Limited (c) National Payments Corporation of India (d) Reserve Bank of India Answer.c
5)	Q.No.4 dt.15.12.2017  (partly appeared)	4) The spreads on state development loans (SDLs) that come in the form of market bond issuances measure the premia of states’ loans over central government securities and could be affected by which of the following ? a) SDLs being sub-sovereign securities b) lack of liquidity in the secondary market for SDLs c) differing fiscal parameters of state governments d) All the above e) None of these Ans:d	41. Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments. 3. Treasury bills offer are issued at a discount from the par value. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 3 Only (c) 2 and 3 only (d) 1, 2 and 3 Answer.c
6)	Q.No. 32     dt. 24.2.2018	32) The Finance Ministry has approved a proposal for infusion of Rs.75.77 bn in six weak public sector  banks (PSBs) as part of the __________________ . a) RDs b) recapitalization plan to bolster capital adequate ratio ( CAR) c) FDs d) Sukanya Samruddhi Yojana  accounts e) None of these Ans : b 11) Banks are mandated to maintain how much Capital Adequacy Ratio (CAR) (plus a capital conservation buffer 2.5 % ) ? a) 9% b) 5% c) 4% d) 3% e) 2 % Ans:a	61. Consider the following statements: 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Answer.a
7)	Q.No. 9 dt. 10.11.2017	9) Which of the following are the advantages in UPI?  a)The user may  add all his/her Bank accounts under one App and transact from/to any of those accounts. b) UPI rides on IMPS channel which is available 24*7*365 and ensures instant credit. c) UPI supports all latest Android Phones d) any Bank Customer may download and use the UPI Application of any Bank enabled for it e) All the above Ans : e	73. With reference to digital payments, consider the following statements: 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account. 2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Answer.a
8)	Q.No. 26  dt. 11.5.2018 (for 2nd statement in the UPSC question)	26) SBI is largest commercial bank in India in terms of assets, deposits, branches, profits, customers and employees. It traces its ancestry to British India, , to the founding, in 1806, making it oldest commercial bank in Indian subcontinent.Which of the following is the old name of SBI ? a)  Imperial Bank of India b) IOB c) Indian Bank d) Laxmi Vilas Bank e) None of these Ans : a	76. Consider the following events: 1. The first democratically elected communist party government formed in a State in India. 2. India's then largest bank, 'Imperial Bank of India', was renamed 'State Bank of India'. 3. Air India was nationalised and became the national carrier. 4. Goa became a part of independent India. Which of the following is the correct chronological sequence of the above events? (a) 4 - 1 - 2 - 3 (b) 3 - 2 - 1 - 4 (c) 4 - 2 - 1 - 3 (d) 3 - 1 -2 -4 Answer.b
9)	Q.No. 1 to 3 ,  10 & 11   dt. 8.12.17	10) Recenlty  Central Government has released the much-required equity capital for which PSBs? a) BOI : Rs.2,257 Cr b) BoM : Rs.650 Cr c) DB: Rs.243 Cr. d) IDBI Bank: Rs.2729 Cr e) All the above Ans:e 11) Banks are mandated to maintain how much Capital Adequacy Ratio (CAR) (plus a capital conservation buffer 2.5 % ) ? a) 9% b) 5% c) 4% d) 3% e) 2 % Ans:a	81. With reference to the governance of public sector banking in India, consider the following statements 1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade. 2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected. Which of the statements given above is/are correct ? (a) 1 only b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Answer.c