Q.1) The schemes of Sammruddhi,  Unnati and Airavata which aimed for skill education of socially marginalized communities belong to which of the following states?

a) Andhra Pradesh

b) Odisha

c) Maharashtra

d) Karnataka

Inspired by: Karnataka launches SC/ST entrepreneurship scheme

https://www.civilsdaily.com/news/karnataka-launches-sc-st-entrepreneurship-scheme/

Q.2) Consider the following statements with reference to the Financial Stability and Development Council (FSDC):

1. It is a apex-level body constituted as per the recommendations of Raghuram Rajan Committee in 2008.
2. It is statutory body and funds are separately allocated to the council for undertaking its activities.
3. It is headed by Prime Minister of India.

Which of the given statements is/are correct?

a) 1 and 2

b) 1 and 3

c) Only 1

c) All are correct

Inspired by: [pib] 19thMeeting of the Financial Stability and Development Council (FSDC)

https://www.civilsdaily.com/news/pib-19thmeeting-of-the-financial-stability-and-development-council-fsdc/

Q.3) The Doing Business Report is released by:

a) IMF

b) World Bank

c) RBI

d) None of these

Inspired by: [pib] India at 77 Rank in World Bank’s Doing Business Report, 2018

https://www.civilsdaily.com/news/pib-india-at-77-rank-in-world-banks-doing-business-report-2018/

Q.4) With reference to Section 7 of the RBI Act, 1934, consider the following statements:

1. The Central Government may from time to time give directions to the RBI necessary in the public interest, after consultation with the Governor of the Bank.
2. This provision of the law is applicable to not just the RBI but also regulatory bodies in other sectors.

Which of the given statements is/are correct?

a) Only 1

b) Only 2

c) Both 1 and 2

d) Neither 1 nor 2

Inspired by: Explained: Section 7 of RBI Act

https://www.civilsdaily.com/news/explained-section-7-of-rbi-act/

Q.5) Consider the following statements with respect to the Commercial Papers:

1. A commercial Paper (CP) is an unsecured loan raised by firms in money markets through instruments issued in the form of a promissory note.
2. CPs can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.

Which of the given statements is/are not correct?

a) Only 1

b) Only 2

c) Both 1 and 2

d) Neither 1 nor 2

Inspired by: Why companies use commercial papers as a source of funds

The Hindu

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