Journey of a Thousand Miles begins with One Click!!!
Score Card
Test Name
Marks
Answered
Unanswered
Correct
Wrong
Indian Economy Test
Retake Test
Go Home
Take Next Test
Indian Economy Test 7
Read Instructions for the test.
Negative marks are -0.33 per wrong answer
Right answer is 1 mark
No time limit but finish in 30 mins
Solution can be found at below chapters:
Test series is based on following chapters.
Indian Economy Chapter 8: BANKING CONCEPTS
Indian Economy Chapter 9: CONCEPT OF BUDGETING
Q1: Qualitative Monetary policy instruments with the RBI
Rationing – ceiling of loans to specific sectors
Moral suasion
Direct action
all
Q2: Which is true ?
Qualitative instruments are selective and direct.
Quantitative instruments are general and indirect.
both
none
Q3: Priority sector lending [PSL]
agriculture
weaker sections
housing, education, micro & small enterprises, retail trade, renewable energy, export credit
all
Q4: Which is true ?
Indian banks, foreign banks with more than 20 branches have to lend 40% of net loans given to priority lending sector in that year.
Foreign banks with less than 20 branches must give 32% of their net loans given to PSL in a year.
both
none
Q5: In case the Indian banks or foreign banks with 20+ branches don’t meet their target the amount of shortfall must be given to
rural infrastructure development fund
small enterprises development fund
both
none
Q6: For foreign banks with <20 branches the shortfall for not meeting PSL targets goes to
small enterprises development fund
rural infrastructure development fund
both
none
Q7:PSL applies only to
commercial banks both public and private
cooperative banks
, regional rural banks
NBFC
Q8:PSL target for indian banks and foriegn banks with 20+ branches is
32
45
50
40
Q9: PSL targets for foreign banks with <20 branches is
40
30
32
50
Q10:Financial inclusion has
Banking: savings, payments through branches, ATM, cheques
Credit: loans at affordable rates
Investment: mutual funds, pension plans
all
Q11:Which is true ?
RBI mandates that banks should have 25% branches in rural areas.
To open branches in urban areas [metro / tier 1-3 cities] RBI permission needed
no permission needed to open branches for tier 4-6 areas or north east states and Sikkim.
all
Q12: PM Jan Dhan Yojana
Phase 1: Each family gets 1 account, 1 RuPay debit card, Rs. 1 lac worth accident insurance. Rs. 5000 overdraft if good credit history.
Phase 2: direct benefit transfer, sell micro insurance and credit guarantee fund to cover losses.
both
none
Q13: Small banks
Focus on a small area for deposit and loans.
50% loans to MSME, 25% rural branches.
NBFC can convert to it; even individuals with 10 yrs experience in banking field can apply.
all
Q14:Payment banks
Can have current and savings account but no time deposits.
Can’t give loans, must put entire investment in G-Secs.
Can’t have more than 1 lac in account per customer.
all
Q15: Cooperative banks
CRR, SLR mandatory but no PSL.
1 person in board has 1 vote. No profit no loss is motive.
Registered with the state registrar as a cooperative society. Regulator is NABARD.
all
Q16: Regional rural bank
Present in only a few districts.
Union government owns 50% + state 15% and sponsor bank 35%.
Regulator is NABARD.
all
Q17: Wholesale bank
Need to get registered under banking regulation act
Can’t accept deposits less than Rs. 5 cr.
Can give loans to only large corporate and infrastructure
all
Q18: EXIM bank
Loans, credit, finance to exporters and importers.
Promotes cross border trade and investment
It is wholly owned by central government.
all
Q19: national bank for agriculture and rural development
Owned by government 99.3% and RBI 0.7%.
Regulatory authority for cooperatives bank and regional rural banks.
Helps state cooperative banks and farmers, cottage industry.
all
Q20: National housing bank
apex institution for housing finance
100% owned by RBI
Publishes RESIDEX [housing sector inflation]
all
Q21: SIDBI
owned by public sector banks and public sector insurance companies.
Finance to state industrial development corporations, state finance corporations and banks.
both
none
Q22: Microfinance companies
Regulated by dept. Of corporate affairs.
Entry capital 5 cr., can’t lend more than 50000 per person, loans without collateral, borrower fixes EMI, installments.
both
none
Q23: Business correspondents or bank saathi are for
help villagers open account, help them in performing transactions
They also help villagers with loan applications, access insurance and micro credit.
both
none
Q24: Insurance companies get office space in banks and insurance agents sell policies to people. Banks get a fixed fee from this. - which bankassurance model allows this ?
referral
corporate agent
broker model
none
Q25: One Bank can have a tie-up with a life, non life and a health insurance company. Bank can sell policies of only that company. - which model of bankassurance allows this ?
broker
corporate agent
referral model
all
UPSCFEVER - POPULAR PAGES
Join The Movement
Share
upscfever.com
Discussions and Comments
Submit
Reset