Civils Prelims 2019 Model Questions
TEST 7 (1 . 05. 2019 )
Prepared
by :Praturi Potayya Sarma
Questions
based on BANKING / ECONOMY (third part)
1) Which of the following are key global benchmark rates ?
a) LIBOR,
b) EURIBOR
c) TIBOR,
d) London 4 PM FX fixing
and All the above
Ans : d
2) The
definition of Start-ups will be expanded. Now an entity will be considered as a
Start-ups upto a period of _______years from the date of incorporation and
registration in place of the earlier duration of 7 years.
a) ten
b) five
c) four
d) six
Ans : a
3) An
entity will continue to be recognised as a Start-ups, if its turnover for any
of the financial years since incorporation and registration has not exceeded
Rs. ______ crore in place of Rs. 25 crore earlier.( Under exemptions for
Start-ups under Section 56 (2) (viib) of Income Tax Act)
a)
50
b) 100
c) 35
d) 45
Ans : b
4)
Start-ups will file a duly signed declaration with DPIIT for availing
exemption. The declaration will be transmitted by DPIIT to ______ for tax
exemption purpose.
a) CBIT
b) CBDT
c) NCERT
d) CBSE
Ans : b
5) Which of the following are the
highlights of new FDI guidelines in e –
commerce ?
a) The new norms bar exclusive tie-ups
between e-commerce firms that follow the ‘market place model’ and vendors using
their platform.
b) In a market place model, the
e-commerce firm is not allowed to directly or indirectly influence the sale
price of goods and services
c) Services, such as quick delivery,
offered by e-tailers have to be applicable to all vendors on their platforms.
d) All the above
Ans : d
6) Financial Action Task Force
(FATF) guidelines relating to which of the following ?
a)
anti-money laundering (AML)/ combating the financing of terrorism (CFT)
b)
printing of currency notes
c) minting of coins
d) exchange rates
Ans:a
7) It has been decided to
discontinue the practice of issuance of LoUs/ LoCs for Trade Credits for
imports into India by AD Category –I banks from which date ?
a) March 13, 2018
b) 2017
c) 2016
d) 2015
Ans: a
8) Banks should implement the which
recommendations made by the High Level Committee constituted in October 1991 (Chaired
by Shri A. Ghosh, the then Dy. Governor of RBI) ?
a) In order to prevent unaccounted issue
of guarantees, as well as fake guarantees, as suggested by IBA, bank guarantees
should be issued in serially numbered security forms.
b) Banks should, while forwarding
guarantees, caution the beneficiaries that they should, in their own interest,
verify the genuineness of the guarantee with the issuing bank.
c) Both (a) & (b)
d) private sector Banks Nationalisation
Ans: c
8) Bank guarantees issued for Rs.50,000/- and above
should be signed by how many officials jointly ?
a) Two
b) 5
c) only one
d) 3
Ans: a
9) Banks should adopt which precautions while issuing
guarantees on behalf of their customers?
a) As a rule, banks should avoid giving unsecured
guarantees in large amounts and for medium and long-term periods. They should
avoid undue concentration of such unsecured guarantee commitments to particular
groups of customers and/or trades.
b) Unsecured guarantees on account of any individual
constituent should be limited to a reasonable proportion of the bank’s total
unsecured guarantees. Guarantees on behalf of an individual should also bear a
reasonable proportion to the constituent’s equity.
c) In exceptional cases, banks may give deferred
payment guarantees on an unsecured basis for modest amounts to first class
customers who have entered into deferred payment arrangements in consonance
with Government policy.
d) All the above
Ans: d
10) While issuing guarantees on behalf of
customers, which safeguards should be
observed by banks?
a) At the time of issuing financial guarantees, banks
should be satisfied that the customer would be in a position to reimburse the
bank in case the bank is required to make payment under the guarantee.
b) In the case of performance guarantee, banks should
exercise due caution and have sufficient experience with the customer to
satisfy themselves that the customer has the necessary experience, capacity and
means to perform the obligations under the contract, and is not likely to
commit any default.
c) Banks should refrain from issuing guarantees on
behalf of customers who do not enjoy credit facilities with them. As
non-compliance of RBI regulations in this regard is likely to vitiate credit
discipline, RBI will consider penalising non-compliant banks. However, BG /LC
may be issued by scheduled commercial banks to clients of co-operative banks
against counter guarantee of the co-operative bank.
d) All the above
Ans: d
11) What are Deemed Exports ?
a) Those transactions in which the goods
supplied do not leave the country and the payment for the goods is received by
the supplier in Indian rupees but the supplier earns or saves foreign exchange
for the country.
b) personally given to a friend
c) personally carried
d) sent by post
Ans: a
12)
A definitive anti-dumping duty in the range of 4.58% to 57.39%, of the
landed value of goods has been imposed on imports of Cold Rolled
Flat Products of Stainless Steel to give relief to whom ?
a)
domestic steel industries
b) foreign steel industries
c) US industries
d) UK industries
Ans: a
13) The
GST rates on goods and services were fitted into how many slabs, largely based on the pre- GST cumulative
indirect tax incidence both of Central and State taxes, including the embedded
taxes, which are subsumed in GST, so as to ensure revenue neutrality ?
a) 5
slabs i.e. Nil, 5%, 12%, 18% and 28%,
b) 2 slabs
c) 3 slabs
d) 10 slabs
Ans: a
14)
For social protection, under Ayushman Bharat, __________________ has been proposed in the
Union budget 2018-19 which is expected to cover over 10 crore poor and
vulnerable families (approximately 50 crore beneficiaries) providing coverage
upto 5 lakh rupees per family per year for secondary and tertiary care
hospitalization.
a)
National Health Protection Scheme
b) GIC
c) LIC
d) SSA
Ans: a
14) All
PSBs have One Time Settlement (OTS) schemes. These OTS schemes are in pursuance
of Board-approved policies of banks, and are typically oriented towards
which sectors and typically have an upper limit on the
amount of NPA ?
a)
agriculture
b) Micro
Small and Medium Enterprises (MSMEs)
c) weaker
sections
d)
education loans
and All the above
Ans: d
15) When the new series on National
Accounts Statistics (NAS) was introduced ?
a) They were introduced through a press release on January 30, 2015
with base year 2011-12 replacing the series with base year 2004-05
b) 28.4.2014
c) 2013
d) 2012
Ans : a
16) What is the objective of New series
on National Accounts Statistics (NAS) base revision (2011-12) ?
a)
to update the underlying methodology of NAS to the most recent
international guidelines, viz., the United Nations System of National Accounts,
2008 (SNA 2008).
b) to give bank interest
c) to give insurance claims
d) to distribute money
Ans : a
17) On November 28, 2018, the CSO
released the back series estimates of NAS since 2004-05 at the 2011-12 base,
followed by a ‘Methodology Document’ released in ________. Compilation of back
series estimates is a routine exercise done by statistical agencies in all the
countries across the world to maintain completeness and comparability with old
base data sets.
a) 2017
b) January 2019
c) 2016
d) 2015
Ans : b
18)
What are the three distinct phases of growth of Indian economy, as per
recent NAS ?
a) Amidst the incidence of shocks,
Indian economy has exhibited tremendous resilience. Overall, one can easily
discern three distinct phases of growth.
b) The initial phase (2011-12 to
2012-13) was marked by a slowdown juxtaposed with the waning effects of
stimulus and tapering of quantitative easing since 2013.
c) The second phase (2013-14 to 2016-17)
was one of high growth buoyed by crude oil prices crashing during 2014-15,
despite two successive drought years in 2014-15 and 2015-16.
d) The third break came after
demonetisation and implementation of GST, with the subsequent oil price surge
and tightening of financial conditions.
amd All the above
Ans : d
19) Which of the following is correct
about GDP of India (from 2011-12 to 2015-16) ?
a) During this period, GDP growth was
driven by domestic demand, primarily consumption, while the share of gross
external trade recorded a sustained decline.
b) Analysis put out by international
bodies suggest that global economic activity is clouded by high degree of uncertainty
with definite signs of slowdown.
c) In this scenario, if domestic factors
are not as sanguine as they have been so far, then spillovers from weakening
global demand might thwart India’s growth trajectory
d) All the above
Ans : d
20) Despite the pace of economic growth
moderating somewhat, the recent pick up in GFCF, on the demand side, and the
revival of manufacturing, construction, and financial services on the supply
side, bode well for the sustainability of India’s economic growth at a high
rate of about _____ per cent.
a) 2
b) 3
c)7
d) 10
Ans : c
21) India is one of the few emerging
market economies characterised with which of the following ?
a) a robust macroeconomic policy
framework,
b) flexible exchange rate,
c) manageable exposures to
foreign-currency-denominated debt
d) All the above (Recent structural reforms are helping to
further support domestic demand, strengthen investment, and thereby, improve
income growth)
Ans : d
22) The Feldstein–Horioka puzzle (1980)
refers to which of the following ? Give details.
a) It refers to the concept that savings
and investment, which are highly correlated at the country level.
b) Furthermore, in the absence of
transaction costs and other frictions, savings and investment should not
correlate for a small country.
c) This implies that in the absence of
restrictions, capital should flow from lower-return regions to higher-return
regions.
d) All the above
Ans : d
23) In line with GDP growth of India, real per capita income (at 2011-12
prices) is also on a rising trend. During 2018-19, it is likely to attain a
level of Rs. _______ as compared to
Rs.87,623 for the year 2017-18.
a) 80,000
b) 92,718
c) 70,000
d) 60,000
Ans : b
24) Which are called as ‘Durable Goods’?
a) Durable goods are those whose life
time is more than one year and consist of items such as furniture, radios,
televisions, automobiles, etc.
b)Rice
c) Wheat
d) Milk
Ans : a
25) The reducing share of________ and
the increasing share of services reflects the structural changes in the Indian
economy over the recent years.
a) agriculture
b) IT services
c) Banking services
d) medical services
Ans : a
26) ‘Services’ include which of the
following ?
a) construction, trade, hotels,
b) transport, communication and
c) services related to broadcasting,
financial, real estate and professional services,
d) public administration, defence and
other services
and All the above
Ans : d
27) In the second half of 2017-18
‘manufacturing’ started recovering from which of the following ? Give details.
a) sluggishness, boosted by strong
corporate sales growth, an uptick in capacity utilisation, drawdown of
inventories of finished goods, an incipient pick up in the capital expenditure
(capex) cycle and slow return of pricing power.
b) Within manufacturing, growth was
driven by textiles, apparels and leather products, machinery and equipment and
other items such as coke, petroleum, rubber, furniture and other related
products.
c) However, there was lacklustre growth
in food and metal products. Mining registered a sharp deceleration as
production of crude oil and natural gas contracted in 2018-19.
d) All the above
Ans : d
28) Gross Fixed Capital Formation (GFCF)
refers to which of the following ?
a) It refers to the net increase in
physical assets (investment minus disposals) within the measurement period.
b) It comprises total ex-factory value
of products and by-products manufactured as well as other receipts such as
receipts from non-industrial services rendered to others, work done for others
using materials supplied by them, value of electricity produced and sold, sale
value of goods sold in the same condition as purchased, addition in stock of
semi- finished goods and own construction.
c) Both(a) & (b)
d) cattle
Ans : c
29) Which of the following is correct
about GVA ?
a) Gross Value Added (GVA) is the value
of output less the value of intermediate consumption.
b) Value added represents the
contribution of labor and capital to the production process.
c) When the value of taxes on products
(less subsidies on products) is added, the sum of value added for all resident
units gives the value of gross domestic product.
d)All the above
Ans : d
30) The _________ Electricity of Andhra
Pradesh has been bifurcated in the ratio of 53.89 and 46.11 for Telangana and
New Andhra Pradesh, respectively.(as per news)
a) installed capacity
b) regeneration of
c) consumption of
d)
use of
Ans : a
31) What is ‘Restructuring ‘ ( in banks ) ?
a) Restructuring is an act in which
a lender, for economic or legal reasons relating to the borrower's financial
difficulty grants concessions to the borrower.
b) giving cash
c) giving gold
d) giving diamonds
Ans : a
32) India’s CAD at US$ 14.3 billion
(2.4 per cent of GDP) in Q1 of 2017-18 increased sharply from US$ 0.4 billion
(0.1 per cent of GDP) in Q1 of 2016 -17 . In the abbreviation CAD, the letter C
stands for what ?
a) Cash
b) Current (CAD : Current Account Deficit )
c) Crew
d) Class
Ans :b
33) What is ‘Minimum Support Price’ (MSP) ?
a) It is for hotels
b) The price at which the Government
assures to purchase foodgrains from farmers to provide remunerative prices to
the producers
c) It is for industries
d) It is for importers
Ans :b
34) What is ‘Buffer Stock’ ?
a) It is like cotton bale
b) The amount of stocks that are
maintained with the public sector agencies to meet the food security
requirements of the country
c) It is shares
d) It is cloth
Ans :b
35) “The Central Statistics Office (CSO)
of the Ministry of Statistics and Programme Implementation ( MOSPI ) revised
the base year of Consumer Price Index (CPI-combined) from 2010 to 2012 and the
data are available from January 2011.” For base year, the counting starts from
number ?
a) 100
b) 10
c) 1000
d) 1
Ans :a
36) As per Tendulkar Methodology, the
‘poverty line’ has been expressed in terms of
which of the following?
a) MPCE (Monthly Per capita Consumption
Expenditure) based on Mixed Reference Period.
b)Supply of goods
c) Supply of Services
d) Demand for goods
Ans : a
37) Who can open Diamond Dollar Account (DDA) ?
a) Firms and companies dealing in purchase / sale of
rough or cut and polished diamonds / precious metal jewellery plain, minakari
and / or studded with / without diamond and / or other stones, with a track
record of at least 2 years in import / export of diamonds / colored gemstones /
diamond and colored gemstones studded jewellery / plain gold jewellery and
having an average annual turnover of Rs. 3 crores or above during the preceding
three licensing years (licensing year is from April to March) are permitted to
transact their business through Diamond Dollar Accounts.
b) Who are wearing diamonds
c) College Students
d)
Political leaders
Ans :a
38) Who can open ‘Exchange Earners’ Foreign Currency
Account (EEFC Account)’ ?
a) Students who are in colleges
b) A person resident in India may open with, an AD
Category – I bank in India, an account in foreign currency called the Exchange
Earners’ Foreign Currency (EEFC) Account, in terms of Regulation 4 (D) of
Foreign Exchange Management (Foreign Currency Accounts by a person Resident in
India) Regulations, 2015 dated January 21, 2016.
c) Political parties
d) Housewives
Ans :b
39) Who is Shri Hemant Contractor ?
a) Chairman, PFRDA
b) Chairman, ISRO
c) Chairman, SBI
d) MD, Singareni Coalllaries
Ans : a
40) The entry age to NPS is now proposed
to be increased to ____ years from 60
years and there is an option to continue up to age of 70 years.
a) 60
b) 65
c) 58
d) 55
Ans : b
41) P-notes were issued by whom ?
a) registered foreign portfolio
investors to overseas players, who wish to be part of the Indian stock markets
without registering themselves directly.
b)
Political parties
c) NGOs
d) Insurance Companies
Ans :a
42) In which year the first major nationwide
farm loan waiver was undertaken ?
a) 1976
b) 1990 (The
cost to the national exchequer was around Rs. 10,000 crores, which works out to
Rs. 50,557 crores at current prices using the GDP deflator.)
c) 1969
d) 1971
Ans : b
43) In which year, the second major waiver
was undertaken for the agricultural debt waiver and debt relief scheme (ADWD)
of amounting to Rs. 52,000 crores (0.9 per cent of GDP) or Rs. 81,264 crores at
current prices using the GDP deflator ?
a) 2010
b) 2008
c) 2011
d) 2006
Ans : b
44) In order to augment flow of credit to whom, in the
Union Budget 2014-15 a scheme was announced under which five lakh Joint
Liability Groups of ‘Bhoomi Heen Kisan’ (landless farmers) will be financed
through the NABARD ?
a) landless
farmers cultivating land as tenant farmers
b) oral lessees or share croppers and small/marginal
farmers
c) other poor individuals taking up farm activities,
off-farm activities and non-farm activities.
d) All the above
Ans : d
45) 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)?
(with turnover upto Rs. 20 lakh during the previous financial year)?
a) Not exceeding 0.30%
b) 5%
c) 6%
d) 7%
Ans : a
46) What is 'Venture
Capital Fund' ?
a) It means a fund established in
the form of a trust, a company including a body corporate and registered under
the Securities and Exchange Board of India (Venture Capital Fund) Regulations,
1996
b) Mutual Fund
c) Benefit Fund
d) Savings Fund
Ans : a
47) What is ‘Sweat equity share’ ?
a) “sweat equity shares” to its
employees/ directors or employees/ directors of its holding company or joint
venture or wholly owned overseas subsidiary/ subsidiaries who are resident
outside India (sweat equity shares as defined under the Companies Act, 2013)
b) Loans
c) Debentures
d) Interest
Ans : a
48) Which is called as ‘Startup company’ ?
a) It means a private company
incorporated under the Companies Act, 2013 and recognised as such in accordance
with notification number G.S.R. 180(E) dated February 17, 2016 issued by the
Department of Industrial Policy and Promotion, Ministry of Commerce and
Industry, Government of India and complies with the conditions laid down by it
b) Established company
c) Old Company
d) Merged company
Ans : a
49) Who is ‘Overseas Citizen of India
(OCI)’ ?
a) It means an individual resident
outside India who is registered as an Overseas Citizen of India Cardholder
under Section 7(A) of the Citizenship Act, 1955; ‘
b) Overseas Citizen of India (OCI)’
means an individual resident outside India who is registered as an Overseas
Citizen of India Cardholder under Section 7(A) of the Citizenship Act, 1955;
c) Both (a) & (b)
d) Living in Space
Ans : c
50) What is ‘Limited Liability
Partnership (LLP)’ ?
a)
It means a partnership formed and registered under the Limited Liability
Partnership Act, 2008
b) Unregistered company
c) Unregistered partnership
d) Single owner
Ans : a
51)
Who is ‘Foreign
Portfolio Investor (FPI)’ ?
a)It
means a
person registered in accordance with the provisions of Securities Exchange
Board of India (Foreign Portfolio Investors) Regulations, 2014.
b) Any Foreign Institutional Investor (FII) or a sub
account registered under the Securities Exchange Board of India (Foreign
Institutional Investors) Regulations, 1995 and holding a valid certificate of
registration from Securities and Exchange Board of India shall be deemed to be
a FPI till the expiry of the block of three years from the enactment of the
Securities Exchange Board of India (FPI) Regulations, 2014.
c) Both (a) & (b)
d) Investing in foreign countries
Ans : c
52) What is ‘Foreign
Portfolio Investment’ ?
a) It means any investment made by a person resident
outside India through capital instruments where such investment is less than 10
percent of the post issue paid-up share capital on a fully diluted basis of a
listed Indian company or less than 10 percent of the paid up value of each
series of capital instruments of a listed Indian company;
b) Investment with ministers
c) Investment by children
d) Investment by aged persons in India
Ans : a
53) What is ‘Foreign Direct Investment’ (FDI) ?
a) It means investment through capital instruments
by a person resident outside India in an unlisted Indian company; or in 10
percent or more of the post issue paid-up equity capital on a fully diluted
basis of a listed Indian company
b) Investment by Indians
c) Investment by minor children in India
d) Investment by government officers in
India
Ans : a
54) What is ‘Employees’ stock option’ (ESOP) ?
a) Purchase gold
b) ESOP as defined under the Companies Act, 2013
and issued under the regulations issued by the Securities and Exchange Board of
India;
c) purchasing silver
d) cash payment
Ans :
b
55) What is ‘Escrow account’ ?
a) It is for birds
b) It means an Escrow account
maintained in accordance with Foreign Exchange Management (Deposit)
Regulations, 2016
c) It is for animals
d) It is for savings bank account
Ans : b
56) Who is ‘Domestic Custodian’
?
a) Customer’s friend
b) It means a custodian of
securities, an Indian Depository, a Depository Participant, or a bank and
having permission from Securities and Exchange Board of India to provide
services as custodian;
c) Customer’s wife
d) Customer’s children
Ans : b
57) Which are called as ‘Capital
instruments’?
a) non-convertible preference shares
b) optionally convertible preference
shares
c) partially convertible preference
shares
d) It shall include all the above
preference shares issued as on and up to April 30, 2007
Ans : d
58) How a penalty can be imposed by
RBI on banks ?
a) ‘The penalty can be imposed in exercise of powers vested in RBI
under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the
Banking Regulation Act, 1949, taking into account failure of the bank to adhere
to the aforesaid directions/guidelines issued by RBI
b) As per IPC
c) As per CrPC
d) As per constitution of India
Ans : a
59) Which is called as ‘Asset Reconstruction Company’ (ARC) ?
a) Building construction company
b) A company registered with the
Reserve Bank under section 3 of the Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)
c) Dam construction company
d) Factory construction company
Ans : b
60) The Reserve Bank of India (RBI)
has imposed, on December 12, 2017, a monetary penalty of Rs. 50 million on
Syndicate Bank (the bank) for non-compliance with the directions/guidelines
issued by RBI on which of the following
?
a) on cheque purchase/discounting,
b) bill discounting
c) Know Your Customer (KYC) norms
d) Anti-Money Laundering (AML) norms
Ans : e
61) Unlike the 1990 scheme that aimed at
providing blanket relief to all farmers up to a certain loan amount, the 2008
scheme waived debt for certain classes of cultivators. From 2014 onwards, what
are the developments on farm loan waivers ?
a) In 2014, Andhra Pradesh farm loan waiver of about Rs. 24,000
crores
b) Earlier, Telangana announced farm
loan waive about Rs. 17,000 crores
c) Beginning with Tamil Nadu in 2016, domino effects
have spread in 2017 to several states and the total cost of loan waivers
announced amounts to around Rs. 1,30,000
crores (0.8 per cent of GDP)
d) All the above
Ans : d
62) The 2008 scheme waived debt by classes of
cultivators whereby small and marginal farmers (that is, farmers holding up to
one to two hectares of land) received a full waiver of all loans overdue. What
happened to other farmers ?
a) They were given a one-time settlement ----
rebate of 25 per cent against the payment of the balance 75 per cent.
b) 10 % rebate
c) 5 % rebate
d) 2 % rebate
Ans : a
63) 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
Ans : a
64) In
September 2015, UN adopted the Resolution on ‘Transforming our World: The 2030
Agenda for Sustainable Development’ consisting of which of the following ?
a) 17
Sustainable Development Goals (SDGs)
b)
associated 169 targets to be achieved by 2030
c) Both (a) and (b)
d) 6 SDGs
Ans : c
65) What are ‘Currency Options’? Give details.
a) Currency Options are contracts that
grant the buyer of the option the right, but not the obligation, to buy or sell
underlying currency at a specified exchange rate during a specified period of
time.
b) For this right, the buyer pays
premium to the seller of the option.
c) Both (a) and (b)
d) giving option for Rs.50 note or
Rs.100 note
Ans : c
66)
What is ‘Interest Rate Futures’?
a) Interest Rate Futures means a
standarised interest rate derivative contract traded on a recognized stock
exchange to buy and sell a notional security or any other interest bearing
instrument or an index of such instruments or interest rates at a specified
future date, at a price determined at the time of the contract
b) Difference in interest rates
c) payment of interest
d) instalment paymen
Ans : a
67) What is a ‘Futures Contract’? Give
details.
a) Futures Contract means a legally
binding agreement to buy or sell the underlying security on a future date.
Future contracts are the organized/standardized contracts in terms of quantity,
quality (in case of commodities), delivery time and place for settlement on any
date in future.
b) The contract expires on a
pre-specified date which is called the expiry date of the contract. On expiry,
futures can be settled by delivery of the underlying asset or cash.
c) Cash settlement enables the
settlement of obligations arising out of the future/option contract in cash
c) All the above
Ans : c
68) Central Government will bring in the
first tranche of the Rs.1.35 Lakh crore bank recapitalization bonds. When
‘Indradhanush Scheme’ was announced for PSBs?
a) 2009
b) 2008
c) 2015
d) 2006
Ans : c
69) The fraud in PNB is a case of
which type of risk, as per RBI ?
a) operational risk (arising on
account of delinquent behaviour by one or more employees of the bank and
failure of internal controls)
b) interest risk
c) health risk
d) currency risk
Ans : a
70)
Central Government is working towards doubling the income of farmers’ by 2022.
Towards it which of the following activities are taken up ?
a) Emphasis on
irrigation along with end to end solution on creation of resources for ‘More
crop per drop' ;
b) Provision of quality seeds and nutrients
according to the soil quality of each farm; Large investments in warehouses and
cold chains to prevent Post-harvest losses.
c)Promotion
of value addition through food processing; Implementation of National
Agricultural Markets and e-platforms (e-NAM) to eliminate shortcomings of all
the 585 centers; To mitigate the risk, introduction of crop insurance scheme at
a lower cost.
d)Promotion
of allied activities such as Dairy-Animal husbandry, Poultry, Bee-keeping,
Horticulture, and Fisheries
and
All the above
Ans : e
71) Which of the following is correct
about Bitcoins, as per RBI ?
a) The Reserve Bank of India advises
that it has not given any licence / authorisation to any entity / company to
operate such schemes or deal with Bitcoin or any virtual currency
b) As such, any user, holder,
investor, trader, etc. dealing with Virtual Currencies will be doing so at
their own risk.
c) Both (a) and (b)
d) It is a paper currency note
Ans : c
72) Which of the following is an
example for “Decentralised Digital
Currency” or “Virtual Currency” (VCs) ?
a) Bitcoins
b) litecoins
c) bbqcoins
d) dogecoins
Ans : e
73) 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
Ans : b
74) When ICICI was set up as a joint
stock company with the main objective to channelize the World Bank funds to
industry in India and also to build up a capital market in India ?
a) 1969
b) 1955
c) 1979
d) 1989
Ans : b
75) Remittances (FE) depend upon a host of factors,
including which of the following ?
a) macroeconomic conditions in source economies,
b) the stock of migrants
c) the fiscal
policy stance in the host countries,
d) oil price dynamics and the domestic policy regime
for work related migration
and All the above
Ans : d
76) For India, the flow of inward remittances has been
pivotal in financing the trade deficit (43 per cent in 2017-18). India
continues to be the top recipient country with US$69 billion of remittances in
2017 sent by a large pool of ________ Indian migrants across the globe
a) skilled,
b) semi-skilled
c) unskilled
d) All the above
Ans : d
77) Regional inflation dynamics in India are
characterised by the presence of high dispersion in inflation across states,
largely reflecting regional _____ dynamics. It is not surprising, therefore,
that the food inflation spread turns out to be the primary driver of the
overall inflation spread across states in our findings.
a) oil prices
b) food inflation
c) steel prices
d) plastic prices
Ans : b
78) Headline inflation is measured by year-on-year
changes in the all India CPI-C (Rural + Urban) with base year: 2012=100 and
released by whom ?
a) CBI
b) Central Statistics Office
c) Railway Board
d) ESIC
Ans : b
79) Opening of export of all types of
pulses will help the farmer to dispose off their products at remunerative
prices and also encourage them to expand the area of sowing. Export of pulses
would provide an alternative market for the surplus production of pulses.
Allowing export of pulses will also help the country and its exporters to
regain their markets. In 2016-17 production year, the Indian farmers have
lived up to the challenge of reducing India's import dependence on pulses and
have produced how many million
tonnes of pulses?
a) 10
b)23
c) 5
d)19
Ans :b
80)
Union Finance Minister, Shri Jaitley in his Keynote Address at Morgan
Stanley 16th Annual Asia Pacific Summit in Singapore on "India: Structural
Reforms and Growth Path Ahead " elucidated on the current state of India’s
economy, outlining the key reforms being implemented by the present Government
with a view to position India as an attractive global investment destination.
He specifically mentioned which of the following ?
a) roll-out of the monumental tax
reform, GST;
b) Bank Re-Capitalization package; Ease
of Doing Business in India; crackdown against black money;
c) Demonetization and other follow-up
measures’
d) reforms in the Foreign Direct
Investment (FDI) Policy regime
and All the above
Ans :d
81) The strength of BHARAT-22 ETF lies
in the specially created Index S&P BSE BHARAT-22 INDEX. This Index is a
unique blend of shares of which of the following ?
a) CPSEs,
b) Public Sector Banks (PSBs)
c) blue chip private companies like
Larsen & Tubro (L&T), Axis Bank and ITC.
d)
Industry, Energy, Utilities, Fast Moving Consumer Goods (FMCG) and Basic
Materials units
and All the above
Ans :d
82) The Government of India launched
today the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential
Mutual Fund targeting an initial amount of how much? (Rs.in Crores)
a) 5,000
b) about 8,000
c) 1,000
d) 2,000
Ans :b
83) Which of the following are
Maharatanas and Navratana status companies/industries ?
a) Coal India; GAIL;
b)
Power Grid Corporation of India Ltd. (PGCIL)
c) National Thermal Power Corporation
(NTPC),
d) Indian Oil Corporation Ltd., Oil
& Natural Gas Corporation (ONGC), Bharat Petroleum
and All the above
Ans : d
84) In Indian Oil sector, which reforms
are introduced ?
a) Direct Benefit Transfer of LPG
subsidies,
b) Introduction of Daily Fuel pricing,
c) Consolidation of Govt. run oil
companies
d) All the above
Ans :d
85) In financial sector which is a major
reform in India ?
a) Insolvency and Bankruptcy Code 2016,
b) Digital and Cashless Economy,
c) Listing of Insurance companies
d) Bank recapitalization and Goods and
Services Tax (GST).
and All the above
Ans :d
86) Jal Marg Vikas Project (JMVP) on
National Waterway -I (River Ganga), being implemented with technical and
financial assistance of which bank at an estimated cost of Rs. 5369 Crore?
a) Bandhan Bank
b) World Bank
c) Axis Bank
d) Global Trust Bank
Ans :b
87)
Jal Marg Vikas Project immediately seeks to facilitate plying of vessels
with capacity of 1500-2000 tons in which of the following ?
a) Ken-Betwa rivers
b) Haldia-Varanasi stretch of the River
Ganga.
c) Chambal river
d) Narmada river
Ans :b
88)
In the abbreviation RERA, the first letter R stands for what ?
a) Real ( RERA: Real Estate Regulatory
Authority )
b) Rate
c) Rare
d) Recreation
Ans :a
89) What is
Green Banking ?
a) The concern for environmental
sustainability by the banks has given rise to concept of green banking
b) Account books in green colour
c) Green colour painting used in bank
d) All the above
Ans :a
90)What is ECB ?
a) “External Commercial Borrowings
(ECB)” means borrowing by an eligible resident entity from outside India in
accordance with framework decided by the Reserve Bank in consultation with the
Government of India
b) Distributing funds
c) Disbursing cash
d) Opening Account
Ans :a
91) All eligible borrowers can now
raise ECBs up to USD ______ million or
equivalent per financial year under the automatic route replacing the existing
sector wise limits.
a) 100
b) 750
c) 250
d) 500
Ans : b
92) The minimum average maturity
period (MAMP) has been kept at _____ years for all ECBs, irrespective of the
amount of borrowing in lieu of various layers of MAMPs as at present, except
the borrowers specifically permitted in the circular to borrow for a shorter
period.
a) 5
b) 3
c) 10
d) 12
Ans : b
93) Any entity who is a resident of a
country which is FATF or IOSCO compliant will be treated as a recognised
lender. This change increases the lending options and allows various new
lenders in ECB space while strengthening the AML/CFT framework. Which of the
following is correct ?
a) FATF : Financial Action Task Force
b) IOSCO : International Organisation of
Securities Commissions
c) AML: Anti-Money Laundering
d) CFT :
Combating the Financing of Terrorism
and All the above
Ans : d
94) With a view to encourage
digitisation of payments and enhance financial inclusion through digitisation,
the Reserve Bank of India has decided to constitute a High-Level Committee on
Deepening of Digital Payments. Who is the Chairman of the Committee ?
a) Shri Nandan Nilekani, Former Chairman, Unique Identification Authority of India
b) Subhash Chandra Garg
c) C.Rangarajan
d) PK Jha
Ans : a
95)Difference between Exports and
Imports is called as what ?
a) Balance of Trade
b) Balance of Power
c) Current Account
d)
SB Account
Ans : a
96) Global Multidimentional Poverty
Index ( MPI) is published by whom ?
a) UNESCO
b) UNDP
c) UNICEF
d) WHO
Ans : b
97) World Economic Outlook is published
by whom ?
a) ADB
b) IMF
c) AIIB
d) NDB
Ans : b
98) ‘BPL Family’ under the guidelines would be treated
as a unit for the purpose of giving income generating assets. The family would
consist of husband, wife, dependent parents /sons /daughters / brothers and
sisters. In this context, the word ‘Family’ would consist of members of a
household and united by ties of which of
the following ?
a) marriage
b) blood
c) adoption
d) All the above
Ans : d
99) The Net Stable Funding Ratio
(NSFR) and Liquidity Coverage Ratio (LCR) are significant components of the which
reforms ?
a) Basel III reforms
b) business reforms
c) market reforms
d) industrial reforms
Ans : a
100) The NSFR promotes which of the
following ?
a) resilience over a longer-term
time horizon by requiring banks to fund their activities with more stable
sources of funding on an ongoing basis.
b) bullion business
c) diamond trade
d)gold ornaments business
Ans : a
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