Which of the following is correct about the 'Core of the Core' schemes in the restructured guidelines for the Centrally Sponsored Schemes (CSSs)?
Select the correct advices given by the Narsimhan Committee-I regarding the Priority Sector Lending (PSL) obligation of the banks operating in India, using the code given below:
Cutting it to 10 per cent from its present level of 40 per cent
Shuffling of the items covered by it
Phasing out of the PSL obligation
Non-Tax Revenues of the Central government can be increased by
cutting the postal deficits
accepting foreignr grants
increasing fees and penalties
controlling the losses of the PSUs
Which of the following is not a part of India's national debt?
Select the best mode of fulfilling the needs of deficit financing:
An economy in the 'state of equilibrium' means at the point where plans to save and to invest are equal, and then government expenditure must be such that
Select the incorrect staterneiiflstaterienrs about the co-operative banks in India from the given choices, using the code given below:
Co-operative banks are small-sized units organised in the co-operative sector, which operate Both in urban and non-urban centres.
They are regulated by the RBI, Banking Regulation Act, 1949 and Banking Laws (Cooperative Societies) Act, 1965.
Select the correct one/ones about the co-operative banks in India from the given choices using the code given below:
The Urban Co-operative Banks (UCBs), until 1996, could only lend for non-agricultural purposes.
These banks provide most services, such as savings and current accounts, safe deposit lockers, loan or mortgages to private and
Select the incorrect statements related to the national income accounting of the economy, using the code given below:
An economy may have its NDP and GDP of the same value.
None of the developing economies had their NDPs and GDFs of the same, values for any year.
Few developing economies have been able to have their NDPs and GDPs of the same values but at the Purchasing Power Parity (PPP) only
Select the form of 'firms', which may be set up under the Indian Companies Act: 1. 'Private Limited' with unlimiled liability 2. 'Public Limited'with limited liability 3. 'Proprietorship-Parbrership 'with limitedunlimited liabilities
What is correct about the 'headline inflation' of India? Select the answer using the code given below:
1. It is measured at the wholesale as well as consumer prices.
2. We see enough diversities among the Indian consumers; that is why we have four variants of the inflation index at the consumer prices.
3. The concept was first forwarded by Mr. C. Rangarajan in the late 1980s.
Select the correct statement/statements related to the Central Sales Tax (CST) and the VAT (Value Added Tax) from the list given below, using the code given below:
1CST is a destination-based tax of the Centre while VAT is an origin-based tax of the States.
CST is inconsistent with the VAT.
CST is a cascading-type tax not rebatable against the VAT
Consider the given statements regarding 'subsidies' and select the incorrect one/ ones, using the code given below:
They are essential parts of public policy to the extent they'are ad hoc arrangements.
While everybody benefits from it, they are paid by few.
Which among the following are counted as 'public expenditure'? Select the correct answer using the code given below:
Expenditures categorised as 'consumption'
Expenditures known as 'investment' and 'capital creation'
Expenditures in 'running the government'
Expenditures in forwarding 'external grants'
If the RBI decides to adopt an 'expansionist' monetary policy, which of the following it would not do?
Cut CRR and optimise SLR
Increase, MSFR (Marginal Standing Facility Rate)
Cut Bank Rate and increase Reverse Repo Rate
With the objective of reducing economic inequalities which of the following 'redistributive' policy/policiges, the government will not adopt, select the correct answer using the code given below:
Progressive tax policies.
Select the correct set of impact on an economy when there is an, 'inflationay pressure'on it. Use the code given below:
Domestic currency heads for depreciation
Exports become less competitive with imports getting costlier
Real cost of borrowing decreases
Consider the statements related to the Regional Rural Banks (RRBs) given below and select the incorrect ones using the code given below:
They were conceived as institutions that combine local feel and familiarity with the rural problems, which the cooperatives possess.
They were conceived on the line of a business organisation with the ability to mobilize deposits, like a commercial bank.
Originally they were intended to provide institutional credit to the weaker sections of the society called 'target groups'.
Consider the following statements and select the correct one/ones using the code given below:
Priority sector lending taxget for the RRBs in India is at 50 per cent of their total advance creation.
Non-resident accounts in rupees can be opened in an RRB in India.
Select the incorrect one/ones out of the statements given below about the composition of SEBI. Use the code to answer the questions:
It has a total of 6 members excluding the Chairman, on its Board.
Cenfral Government appoints 4 members representing 4 ministries.
RB1 and the Banking Division have one member each on the Board
What is correct about the 'ordinary shares' of a limited liability company?
When the Government starts repurchasing its bonds from the public before their maturity period, it means
What is correct about the term 'narrow banking'?
What is correct about the 'venture capital fund' and the 'mutual fund'? Select the answer using the code given below:
It is a specialised fund, which pools investor's capital to be invested in relatively high risk secotrs, while a mutual fund merely pools investors' capital and diversifies the holding.
While amutual fundmaygive investors a choice to decide the lbvel of risk they want their inveshents to cover, a venture capital fund minimises the risk covered by an individual investor.
Duty Drawback Scheme is a normal export incentive given by all the economies and is allowed by the World Trade Organisation, too. What is the rationale behind it?
Please share this quiz to view your results .
This is a timed quiz. You will be given 180 seconds per question. Are you ready?