Civils Prelims 2019 Model Questions
TEST 9 (2 . 05. 2019 )
Prepared
by :Praturi Potayya Sarma
Questions
based on BANKING / ECONOMY (fifth part)
1) 15thFinance
Commission is constituted under which article of the Indian
Constitution ?
a) Article 342
b) Article 280
(1)
c) Article 234
d) Article 270
Ans : b
2) Wage Policy for the 8th Round of Wage Negotiations for
workmen is permitted in Central Public Sector Enterprises (CPSEs). How many
employees are there in 320 CPSEs in India ?
( in lakhs)
a) about 12.34
b)
10
c) 15
d) 7
Ans : a
3) The
Logistics Sector has been granted Infrastructure status. “Logistics
Infrastructure” includes which of the following ? Give reasons ?
a) It is
included by insertion of a new item in the renamed category of ‘Transport and
Logistics’, with a footnote stating that "Logistics Infrastructure”
b) It also
means and includes Multi-modal Logistics Park comprising Inland Container Depot
(ICD) with minimum investment of Rs. 50 crore and minimum area of 10 acre, Cold
Chain Facility with minimum investment of Rs.15 crore and minimum area of
20,000 sq. ft, and/or Warehousing Facility with investment of minimum Rs. 25
crore and minimum area of 1 lakh sq ft.
c) Both (a) & (b)
d) Scooters
Ans : c
4) Common
Services Centres (CSCs) are providing key services like __________ .
a) PMGDISHA,
b) Aadhaar,
c) banking,
d) insurance
to the grassroots
and All the above
Ans : d
5) How the PCR will work and
help strengthen the credit culture ?
a) PCR will make borrower
information more complete with increasing coverage of lending entities. In
particular, it will eventually reach out even to the smallest primary
agricultural credit societies. It will also cover entities which may not be
regulated by the RBI. This will have to be done in phases and it may take up to
three to five years to accomplish, possibly sooner
b) PCR will vastly
simplify and reduce the reporting burdens on the lenders
c) PCR will have credit data
available digitally at a higher frequency than at present
d) with linkages to
other information systems like corporate data from the Ministry of Corporate
Affairs (MCA21) and tax filing or invoicing data (GSTN), it will help the users
to access other data on borrowers’ assets and evolving cash flows, which are
essential for taking efficient credit decisions.
And All the above
Ans : d
6) By launching on line
portal psbloansin59minutes.com TAT has
come down. What is TAT ?
a) Turnaround Time (TAT is
the number of days between the date of enquiry and the date of loan sanctioned
or renewal date )
b)Travel
c) Tourism
d) Transport
Ans : a
7) Using the ‘polluter
pays’ principle, the government has drafted a plan to impose a fee of
Rs.12,000/- on purchase of _____________ to raise money for incentivizing
electric vehicles ( EVs) and battery manufacturing under the new policy.
a) new petrol and diesel
cars
b) rikshaws
c) tricycles
d) bicycles
Ans : a
8) REER index is a basket of 6 currencies and 36 countries
.(Basket has been taken with a base year of 2004-2005). In this, which
currencies have trade weight ?
a) Euro
b) DAE Dirham
c) Chinese Yuan
d) US Dollar
and All the above
Ans : d
9) To acquire 51% stake in
IDBI, who have given nod to LIC recently
?
a) Competition Commission
of India
b) Supreme Court of India
c) PFRDA
d) EPFO
Ans : a
10) Which country is the 4th
highest carbon dioxide emitter ?
a) China
b) US
c) European Union
d) India
Ans : d
11) New Zealand will
phase-out single-use plastic shopping bags from which date ?
a) July 1, 2019
b) 24.10.2018
c) 1.1.2019
d) 1.5.2019
Ans : a
12) ‘Measuring the Global
Gender Gap’ report is prepred by whom ?
a) World Economic Forum
b) WIPO
c) FAO
d) UNICEF
Ans : a
13) Indian refiners will
make rupee payments through which bank account of the National Iranian Oil
Company ( NIOC) ?
a) UCO Bank
b) Allahabad Bank
c) Dena Bank
d) Bank of Baroda
Ans : a
14) Under US sanctions,
India can export which items to Iran ?
a) Foodgrains
b) Medicines
c) Medical devices
d) All the above
Ans : d
15) UN Global
Counter-Terrorism Coordination Compact Task Force will replace which of the
following ?
a) Counter-Terrorism
Implementation Task Force (2005)
b) ILO
c) UNIDO
d)UNDP
Ans : a
16)As per International
Telecommunication Union (ITU) by the end of 2018 how many people around the
world are using the Internet?
a) 3.9 billion ( 51.2%)
b) one billion
c) 2 billions
d) 0.5 billion
Ans : a
17) UN Food and
Agriculture Organisation (FAO) decided to observe which year as the
International Year of Millets ?
a)2023
b) 2021
c) 2020
d) 2025
Ans : a
18) Which of the following
is correct ?
a) PFIs: Public Financial
Institutions
b) LPS: Late Payment
Surcharge
c) CII: Confederation of
Indian Industry
d) REC: Rural
Electrification Corporation Limited
and All the above
Ans : d
19) ‘Bhuseva’ and ‘Bhudaar’ portal is launched by which state ?
a) Amaravathi, Andhra
Pradesh
b) UP
c)Uttarakhand
d) Bihar
Ans : a
20) World Bank assisted project ‘SMART’ is
launched by which state to revamp agricultural value chains, with special focus
on marginal farmers across 1,000 villages ?
a) Maharastra ( State of
Maharastra’s Agribusiness and Rural Transformation)
b) Gujarat
c) Chattisgarh
d) MP
Ans : a
21) Who is the Vice
Chancellor of National Rail and Transportation Institution (NRTI), Vadodara,
Gujarath ?
a) Piyush Goel
b) Ashok Lohani
c) Mallikarjun Kharge
d) JN Dikshit
Ans : b
22) Under the Merchandise
exports from India Scheme ( MEIS), non-basmati rice exports will get how much
subsidy ( from November 26, 2018 to
March 25, 2019)?
a) 5 %
b) 2 %
c) 4%
d) 10%
Ans : a
23) Which contributes 40 %
to the Index of Industrial Production ( IIP)?
a) 8 core sectors (like
Cement, electricity, coal, crude oil, natural gas, fertilizers, petroleum
refinery production)
b) Cotton
c) Textiles
d) Aluminium
Ans : a
24) India’s economic
growth slowed to _____ % in the second quarter of 2018-19 .
a) 2
b) 7.1
c) 6.9
d) 7.4
Ans : b
25) Recently OPEC and its allies agreed to cut oil output
by 12 lakh barrels a day , for which purpose ?
a) to boost global oil
markets
b) inflation
c) depression
d) economic slow down
Ans : a
26) To redraft the 50 year old Income Tax Act, a
committee/panel is set up . Who is the head of the panel ?
a) Akhilesh Ranjan
b) Rajiv Kumar
c) Riva Ganguly Das
d) Arvind Saxena
Ans : a
27) Rs.200 note is providing the Missing Link. What
it means ?
a) In India,
we have currency denominations of Rs. 1,
2, 5, 10, 20, 50, 100, 500 and 2000. As such, in the lower end of the
denomination series, Rs.200 is the missing one. As such, in the lower end
of the denomination series, Rs. 200 is the missing one.
b) Missing change
c) Missing gifts
d) Missing remembrance
Ans: a
28) An Internal Advisory
Committee (IAC) constituted by the RBI held its first meeting on June 12th,
2017. The IAC recommended that all accounts with an outstanding amount greater
than_____ crore, and with more than 60% classified as non-performing by banks (as
on March 31st, 2016) would qualify for reference under the Insolvency and
Bankruptcy Code (IBC).
a) Rs.3000
b) Rs. 5,000
c) Rs.2000
d) Rs.1000
Ans: b
29) Under the IBC, a case is
admitted to the National Company Law Tribunal (NCLT). Thereafter creditors have a maximum of how many days to agree on a restructuring
plan for the debtor, failing which the NCLT can order liquidation of the debtor
?
a) 180
b) 270
c) 90
d) 240
Ans: b
30) Which states have high
levels of life insurance participation ?
[while in others e.g. Madhya Pradesh and Chattisgarh, participation is
very low.]
a) Maharashtra
b) Karnataka
c) Tamil Nadu
d) All the above
Ans: d
31) In which state, households store a high fraction of their
wealth in gold, and also have more than 40% of their total debt in the form of
gold loans ?
a) Tamil Nadu
b) West Bengal
c) Bihar
d) J&K
Ans: a
32) On an average of 66% of
randomly selected adult household members have a bank account. Access to bank
accounts is lowest in which states ( i.e.,about 50% of respondents) ? [ in
states like Goa, Himachal Pradesh, and Tami Nadu have the highest participation
rate (about 80%).]
a) Assam
b) Bihar
c) Madhya Pradesh
d) All the above
Ans: d
33) Use of bank accounts is
lowest in Chattisgarh, Jharkhand and Uttar Pradesh (less than 50%) . In which
state it is the highest in India ?
a) Goa (about 90%).
b) Assam
c) Tripura
d) Meghalaya
Ans: a
34) What is DigiLocker ?
Give details .
a) DigiLocker is a platform for issuance and verification
of documents and certificates in a digital way, thus eliminating the use of
physical documents
b) Indians who sign up for a DigiLocker account
get a dedicated cloud storage space that is linked to their Aadhaar (UIDAI)
number. Organisations that are registered with DigiLocker can push electronic
copies of documents and certificates (e.g. driving license, Voter ID, School certificates)
directly into individual lockers.
c) Users can then provide
permission, and share these documents with relying institutions.
d) Paperless service delivery
is enabled by allowing transactions to be enabled without exchanging paper
documents. These are now done through digital documents, which can be executed
through digital signatures, and exchanged in an authorised manner through the
digital locker
and All the above
Ans: d
35) Which is called as ‘simple term life insurance product’ ?
a) Simple life insurance
product provides a lump-sum in the event of death of a policy holder with no
benefit payable should the policy holder be alive at the end of the term.
Currently the PMJDY provides a basic form of this insurance at the point of
account seeding, with a benefit of
Rs.30,000.
b) Giving Rs.2 Lakhs
c) Giving Rs.3 Lakhs
d) Giving Rs.5 Lakhs
Ans: a
36) All data subjects shall
have a set of statutory rights regarding their personal data. What are those
rights?
a) The Right to Fair Treatment
b) The
Right to Information.
c) The Right to Data
Security.
d) The Right against
Processing
and All the above
Ans: d
37) Which type of. harms are there to Personal Data ?
a) Financial harm
b) Reputational harm
c) Harm due to Manipulation
of Choice
d) Harm due to Discrimination
and All the above (The data controller must be
held accountable for all consequences suffered as a result of the violation any
of the data rights of the data subject )
Ans: d
38) What is ‘1 billion - 1 billion - 1 billion vision’ ?
a) That is 1 billion
unique Aadhaar numbers linked to 1 billion bank accounts and 1 billion mobile
phones. Once that is done, all of India can become part of the financial and
digital mainstream.
b) Giving one billion
ration cards
c) Giving one billion
books
d) Giving one billion
scholarships
Ans: a
39) JAM, a term coined,
and a vision conceptualized, by Chief
Economic Adviser, is nothing short of a social revolution because it has
brought together financial inclusion (PMJDY), biometric identification
(Aadhaar) and mobile telecommunications. Today, about 52.4 crore unique Aadhaar
numbers are linked to how many bank accounts in India ?
a) 25 Crores
b) 73.62 crore
c) 35 Crores
d) 26 Crores
Ans: b
40) Government has taken
steps to provide security to the poor via life insurance under the Pradhan
Mantra Jeevan Jyoti Bima Yojana (PMJJBY) and accident insurance Pradhan Mantra
Suraksha Bima Yojana (PMSBY). As on 7th August, 2017, total enrollment was 3.46
crore under the PMJJBY and 10.96 crore under PMSBY. In both schemes, close to
_____ of the enrollees are women.
a) 20%
b)40 %
c) 25%
d) 35%
Ans: b
41) Zero balance accounts
under PMJDY declined from 76.81 % in September 2014 to _____ in August 2017.
a) 21.41 %
b) 15%
c) 12%
d) 28%
Ans: a
42) Earlier( in2017)Commerce
and Industry Minister Smt. Nirmala Sitharaman has constituted a Task
Force on Artificial Intelligence (AI) for India’s Economic Transformation. Who
is the Chairman of the Task Force ?
a) Mr. Ravinder,
b) Dr. V. Kamakoti, IIT
Madras
c) Mr. K. Nagaraj Naidu,
d) Mr. Kunal Nandwani
Ans: b
43) Energy Efficiency
Services Ltd. (EESL), is under which ministry ?
a) Ministry of Finance
b) Ministry of Information
& Broadcasting
c) Ministry of Power, Government of India
d) Ministry of Heavy
Industries
Ans: c
44) What is the objective
of Support for Statistical Strengthening (SSS) scheme ?
a) to strengthen and
improve the State Statistical Systems so that the states are able to bring out
accurate, reliable and timely data for State and sub-state planning
b)To give loans
c) To collect interest
d) to distribute gifts
Ans: a
45) Where is North Eastern Indira Gandhi Regional
Institute of Health and Medical Sciences (NEIGRIHMS) situated ?
a)Kolkata
b) Chennai
c) Shillong
d) Bengaluru
Ans: c
46) What is the aim
of ‘Mission 11 Million programme’ ?
a) Collection of one
million rupees
b) to take football to 11
million kids across the country through 15, 000 schools
c) Growing one million
trees
d) Building one million
houses
Ans: b
47) It is said that in 1947, during independence days , we produced 7 million tons of wheat
and the average productivity of wheat was just ______per hectare.
a) 700 kg
b) 500 Kg
c) 400 Kg
d) 300 Kg
Ans: a
48) In 2016-17, India
produced 255.68 million tonnes of food grain and production of paddy, wheat and
pulses created a new record level. Also, this year (2017)we had record production of wheat at
98.38 mt and ________wheat per hectare.
a) 2000 Kg
b) 1500 Kg
c) 3216 kg
d) 1000 Kg
Ans: c
49) India's first zinc
fortified variety WB2 was developed in which
year ?
a) 2000
b) 2016
c) 2011
d) 2009
Ans: b
50) At
present, to promote the use of solar energy, two capital linked subsidy schemes
of Ministry of New and Renewable Energy (MNRE), GoI, ie. Solar Photovoltaic
Water Pumping systems and MNRE Lighting Scheme 2016 are operated through which
bank ?
a) IFCI
b) HDFC
c) NABARD
d) ICICI
Ans: c
51) What is ‘Fiscal
Policy’ ?
a) Fiscal policy is the
government actions with respect to aggregate levels of revenue and spending.
b) Fiscal policy is
implemented though the budget and is the primary means by which the government
can influence the economy
c) Both (a) & (b)
d) Money spinning
Ans : c
52) What is ‘Monetary Policy’?
a) This comprises actions
taken by the central bank (i.e. RBI) to regulate the level of money or
liquidity in the economy, or change the interest rates
b) Government policy
c) Insurance Policy
d) Management Policy
Ans
: a
53) ‘Capital Budget’ cosists of which of the following ?
a) It consists of capital receipts and payments.
b) It includes investments
in shares, loans and advances granted by the central Government to State
Governments, Government companies, corporations and other parties.
c) Both (a) & (b)
d) house rents
Ans : c
54) ‘Revenue
Budget’ consists of which of the following ?
a) It consists of revenue
receipts of the Government and it expenditure.
b) Revenue receipts are
divided into tax and non-tax revenue..
c) Tax revenues constitute
taxes like income tax, corporate tax, excise, customs, service and other duties
that the Government levies.
d) The non-tax revenue
sources include interest on loans, dividend on investments
and All the above (inter- linked to each other )
Ans : d
55) What is ‘Finance Bill’ ?
a) The Bill produced
immediately after the presentation of the Union Budget detailing the
imposition, abolition, alteration or regulation of taxes proposed in the Budget
b) Cash Memo
c) Voucher
d) Receipt
Ans : a
56) What is ‘Vote
on Account’ ?
a) Election expenditure
b) It is a grant made in
advance by the parliament, in respect of the estimated expenditure for a part
of new financial year, pending the completion of procedure relating to the
voting on the Demand for Grants and the passing of the Appropriation Act.
c) Votes counting
d) MP votes counting
Ans : b
57) What is ‘Outcome Budget’ ? Give details .
a) The Outcome Budget is a
progress card on what various Ministries and Departments have done with the
outlays in the previous annual budget.
b) It measures the
development outcomes of all Government programs and whether the money has been
spent for the purpose it was sanctioned including the outcome of the fund usage
c) Both (a) & (b)
d) Printing of budget
papers
Ans : c
58) What is ‘Guillotine’ ?
a) Parliament,
unfortunately, has very limited time for scrutinising the expenditure demands
of all the Ministries. So, once the prescribed period for the discussion on
Demands for Grants is over, the Speaker of Lok Sabha puts all the outstanding
Demands for Grants, whether discussed or not, to the vote of the House. This
process is popularly known as 'Guillotine'
b) A topic for discussion
c) A tonic for health
d) Speech
Ans : a
59) What is ‘Cut Motion’?
a) Motions for reduction
to various Demands for Grants are made in the Form of Cut Motions seeking to
reduce the sums sought by Government on grounds of economy or difference of
opinion on matters of policy or just in order to voice a grievance.
b) Cutting wood
c) Cutting vegetables
d) Short cuts in
discussion
Ans : a
60) Which of the following is true about ‘Consolidated Fund of India’ ?
a) All revenues raised by
the Government, money borrowed and receipts from loans given by the Government
flow into it.
b) All Government
expenditure other than certain exceptional items met from Contingency Fund and
Public Account are made from this account.
c) No money can be
appropriated from the Fund except in accordance with the law.
d) All the above
Ans : d
61) Which of the following is correct about ‘Contigency
Fund of India’?
a) A fund placed at the
disposal of the President to enable him/her to make advances to the
executive/Government to meet urgent unforeseen expenditure
b) It is maintained by
Speaker, Lok Sabha
c) It is maintained by
Dy.Chairman, Rajya Sabha
d) It is with Home
Minister
Ans : a
62) Which of the following is correct about ‘Public Account’ ?
a) Under provisions of
Article 266(1) of the Constitution of India, Public Account is used in relation
to all the fund flows where Government is acting as a banker..
b) Examples include
Provident Funds and Small Savings. This money does not belong to government but
is to be returned to the depositors.
c) The expenditure from
this fund need not be approved by the Parliament
d) All the above
Ans : d
63) What is ‘Disinvestment’ ?
a) By disinvestment we
mean the sale of shares of public sector undertakings by the Government.
b) Investment in shares
c) Investment in
debentures
d) Investment in bonds
Ans : a
64) Who gives Ways
and Means Advance as per Sec.17(5) of RBI Act?
a) RBI
b) SEBI
c) PFRDA
d) LIC
Ans : a
65)Which of the following are new facts on the Indian
Economy, as per Economic Survey Report 2017-18?
a) Large increase in
registered indirect and direct taxpayers
b) Formal non-agricultural
payroll much greater than believed
c) States’ prosperity is
positively correlated with their international
and inter-state trade
d) India’s firm export
structure is substantially more egalitarian than in other large countries
and All the above
Ans : d
66) Utmost priority to social infrastructure is given by the Government to engineer an
inclusive and sustainable growth for India. Social infrastructure includes
which of the following ?
a) education,
b) health
c) social protection
d) All the above
Ans : d
67) In a report, ‘The
Financial and Economic Impact of SBM in India’, UNICEF estimated that a
household saves how much every year in an ODF village in rural India ?
a) Rs.50,000/-
b) Rs.10,000/-
c) Rs.5,000/-
d) Rs.2,000/-
Ans : a
68) ‘Capital Gain’ is
being an income, is subject to which of the following ?
a) Income Tax (or Capital
Gains Tax )
b) VAT
c) Excise Duty
d) Octroi
Ans : a
69) Which of the
following terms are used for accounts in
banks ?
a) Dormant account
b) Inoperative account
c) Unclaimed Deposit
Account
d) All the above
Ans : d
70) Net NPA( in banks) is
the amount of Gross NPAs less (or) minus which of the following ?
a) interest debited to
borrowal and not recovered and not recognized as income and kept in interest
suspense
b) amount of provisions
held in respect of NPAs
c) amount of claim
received and not appropriated
d) All the above
Ans :d
71) A central bank (i.e.,RBI)
performs several important functions for the economy. Which of the following is
correct ?
a) it controls the money
supply; sets the rate of interest on borrowing and lending money;
b) manages the external
sector including the exchange rate;
c) supervises and regulates
the financial sector, notably banks;
d) it often regulates credit
and foreign exchange markets; and, seeks to ensure financial stability,
domestic as well as on the external front.
And All the above
Ans :d
72) Greater supply of money
can facilitate which of the following ?
a) ease of financial
transactions, including the financing of government deficits, but this can
cause economy to over-heat in due course and trigger (hyper-) inflationary
pressures or even a full-blown crisis that eventually require sharper monetary
contractions;
b) economy slows down
c) prices fall
d) there will be no business
Ans :a
73) Reserve Bank of India Act
was modified in______ to constitute the Monetary Policy Committee (MPC).
a) 2012
b) August 2016
c) 1999
d) 2000
Ans :b
74) The MPC consists of which
of the following ?
a) three RBI members,
including the Governor who reserves a casting vote, and
b) three external members
appointed by the government.
c) Both (a) & (b)
d) Governor of Maharastra
Ans :c
75) The MPC (2018) has been
legislatively awarded a flexible inflation-targeting mandate of achieving
_______consumer price index (CPI) inflation in the medium term, while paying
attention to growth, with operational independence to achieve it, and with
accountability in terms of transparency around the MPC’s resolution, minutes summarising
each individual committee member’s decision, bi-annual monetary policy reports,
and a written report to the government in case a +/- 2% band around the target
inflation level is violated for three quarters in a row.
a) 4%
b) 6%
c) 7%
d) 10 %
Ans :a
76) The under-capitalised banking systems engage in
ever-greening of the distressed borrowers (“zombie lending”), as witnessed in
which of the following ?
a) United States during the
Savings and Loan (S&L) crisis of 1980’s,
b) Japan in the 1990’s,
c) Eurozone following the
global financial crisis
d) All the above
Ans :d
77) Which steps the Reserve Bank of India had
undertaken to address the stressed assets problem of Indian banks ?
a) the creation of Central
Repository of Information on Large Credits (CRILC) in early 2014;
b) the Asset Quality Review
in 2015;
c) reference of the largest,
aged non-performing assets (NPAs) to the Insolvency and Bankruptcy Code (IBC)
under the powers bestowed upon the Bank by promulgation of the Banking
Regulation (Amendment) Ordinance 2017 (since notified as an Act);
d) All the above
Ans :d
78) In February 2014,
the Reserve Bank issued the framework for resolution of stressed assets. An
important part of the framework was the setting up of the Central Repository of
Information on Large Credits (CRILC). CRILC captured all exposures of banks
above ______
a) Rs 50 million.
b) Rs.100 million
c) Rs.150 million
d) Rs.200 million
Ans :a
79) The AQR, backed by CRILC,
enabled us to get a banking system-wide view of large bank credits and make a
holistic assessment of the true state of health of those exposures. In the
AQR, the letter A stands for what ?
a) Asset ( AQR : Asset Quality Review )
b) Aspect
c) Arise
d) Awake
Ans :a
80) In 2016, the
Insolvency and Bankruptcy Code, 2016 (IBC), which is a comprehensive bankruptcy
code, was enacted and notified. Which of the following is correct about
the Code ?
a) The Code envisages timely
resolution of borrower defaults through collective decision making by the
creditors.
b) The Code is both
process-oriented and time-oriented. It is-process-oriented, in that it lays
down, in detail, the various steps that need to be followed once a borrower is
admitted for insolvency;
c) it is time-oriented because it specifies
strict timelines for insolvency resolution, failing which the borrower would have
to be taken into liquidation.
d) All the above
Ans :d
81) Previously, the lenders
had to form a ______ Lenders Forum (JLF) wherein a decision taken by the
majority of lenders was to be binding on the minority lenders.
a) Junior
b) Joint
c) Just
d) Jeans
Ans :b
82) NPCI over the years has
operated which retail payment systems ?
a) IMPS, UPI-including BHIM,
b) National Unified USSD
Platform (NUUP) for mobile payments,
c) RuPay, NACH,
d) Aadhaar based AePS,
including Aadhaar Pay, APBS, BBPS, NETC, etc., some of which are available for
use on a 24x7 basis
and All the above
Ans :d
83) What is Selective
Credit Control ( SCC) ?
a) It refers to the
directives issued by RBI under section 21 of Banking Regulation Act to regulate
flow of bank credit against security of sensitive/selected commodities
b) With a view to prevent
speculative holding of essential commodities with the help of bank credit, RBI
issues from time to time , directive covering the margin requirements and the
level and quantum of accommodation that
could be granted against the SCC items
c) Both (a) & (b)
d) Giving loans to all
people
Ans :c
84) What are SCC items ?
a) food grains ( cereals
and pulses)
b) selected major oil
seeds indigenously grown, ground nut rape seed / mustard , cotton seed, linseed
c) raw cotton and kapas
d) sugar/gur/khandasari
and All the above
Ans :d
85) India’s CAD at US$ 19.1 billion (2.9 per cent of
GDP) in Q2 of 2018-19 increased from US$ 6.9 billion (1.1 per cent of GDP) in
Q2 of 2017-18 and US$ 15.9 billion (2.4 per cent of GDP) in the preceding
quarter. Expand CAD in this context ?
a) Capital account data
b) Current Account Deficit
c) Computer aided design
d) Close Account data
Ans : b
86) Portfolio investment recorded net outflow of US$
1.6 billion in Q2 of 2018-19 – as compared with an inflow of US$ 2.1 billion in
Q2 last year – on account of net sales in both the debt and equity markets.
Normally, ‘Portfolio investment’ relating to
which market ?
a) stock market
b) foodgrains
c) coal
d) crude oil
Ans : a
87) India’s total exports of software services
(excluding exports through overseas commercial presence) increased by 11.6 per
cent to US $ ______billion in 2017-18.
a) 90
b) 108.4
c) 100
d) 70
Ans : b
88) Which countries together accounted for 60 per
cent of exports of software services, followed by Europe, where the UK was the
major export destination ?
a) Nepal
b) USA and Canada
c) Bhutan
d) Bangladesh
Ans : b
89)) Who
restructured the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY)
and launched the National Urban Livelihoods Mission (NULM) in 2013 ? ( NULM has
been under implementation w.e.f. September 24, 2013 in all district
headquarters (irrespective of population) and all the cities with population of
1 lakh or more.)
a) The Government of India, Ministry of Housing and
Urban Poverty Alleviation (MoHUPA)
b) Ministry of Defence
c) Commerce & Industry Ministry
d) Ministry of Labour & Employment
Ans : a
90) What is SEP (Self Employment Programme ) ? Give
details.
a) The SEP provides financial assistance to
individuals/groups including street venders/hawkers of urban poor for setting
up gainful self-employment ventures/ micro-enterprises, suited to their skills,
training, aptitude and local conditions.
b) The programme also supports Self Help Groups
(SHGs) of urban poor to access easy credit from bank and avail interest subsidy
on SHG loans.
c) The SEP will also focus on technology, marketing
and other support services to the above beneficiaries engaged in micro
enterprises for their livelihoods and will also facilitate issuance of credit
cards for working capital requirement of the entrepreneurs
d) All the above
Ans : d
91) The banks may approach Credit Guarantee Fund
Trust for Micro and Small Enterprises (CGTMSE) setup by ____________ or any
other appropriate guarantee fund for the purpose of availing guarantee cover
for SEP loans as per the eligibility of the activity for guarantee cover.
a) Small Industries Development Bank (SIDBI)
b) IFCI
c) SEBI
d) IRDAI
Ans : a
92) In order to support the
micro-entrepreneurs to meet their working capital and miscellaneous credit
needs, DAY-NULM will facilitate access to which of the following through banks
?
a) Credit Cards or MUDRA Card
b) debit card
c) petro card
d) ration card
Ans : a
93) What is ‘Balloon Payment’ ?
a) A large, lumpsum payment scheduled at the end of a
series of considerably smaller periodic payments.
b) A balloon payment may be included in the payment
schedule for a loan, lease or other stream of payments
c) Both (a) & (b)
d) Payment for purchasing of balloons
Ans : c
94) What is back-end
load ?
a) goods load on lorry
b) A sales charge or commission paid when an individual
sells an investment , such as a mutual fund. It is intended to discourage
selling
c) goods loaded in railway wagons
d) goods loaded in ships
Ans : b
95) What is ‘coupon’ (relating to bonds) ?
a) The interest rate on a fixed income security ,
determined at the time of issuance and expressed as a percentage of a par value
or face value
b) It is called
coupon since the interest cheques are given in advance along with the bond
document and appear like coupon
c) Both (a) & (b)
d) Coupons in super market
Ans : c
96) What is ‘debt instrument ‘ ?
a) A written promise to repay a debt
b) tool in workshop
c) drill bit
d) screw driver
Ans : a
97) What are the examples of ‘debt instruments’ ?
a) Bills
b) Bonds
c) Notes, CDs
d) Commercial Paper, Banker’s acceptances/ LCs
an All the above
Ans : d
98) What is ‘moratorium’ ?
a) A period of time during which a certain activity is
not allowed or required.
b) For instance, when repayment on a loan starts only
after a lapse of a certain period of time after its disbursement , then that
period is called the moratorium on the loan .
c) Both (a) & (b)
d) Payment of loan amount in advance
Ans : c
99) As the banker to banks, RBI focuses on which of the
following ?
a) Enabling smooth, swift and seamless clearing and
settlement of inter-bank obligations
b) Providing an efficient means of funds transfer for
banks
c) Enabling banks to maintain their accounts with it for
purpose of statutory reserve requirements
d) Acting as lender of the last resort
and All the above
Ans : d
100) STRIPS stands for Separate Trading of Registered
Interest and Principal Securities. What is ‘Stripping’ in financial market ?
a) Selling furniture
b) It is a process of converting periodic coupon
payments of an existing Government Security into tradable zero-coupon
securities, which will usually trade in the market at a discount and are
redeemed at face value
c) Selling vegetables
d) Selling fruits
Ans : b
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