Recently, India’s first ‘National Investment and Manufacturing Zone’ was proposed to be set up in
Prelims
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Other questions
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Economics › Banking Regulations
Economics › Banking Regulations
The term ‘Core Banking Solution’ is sometimes seen in the news. Which of the following statements best describes/describe this term?
1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBI’s control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below.Options
Answer
(A)
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Economics › Bonds
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Economics › Budget, Fiscal Policy
Economics › Budget, Fiscal Policy
There has been a persistent deficit budget year after year. Which action/actions of the following
can be taken by the Government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty
Select the correct answer using the code given below.Options
Answer
(C)
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Economics › Budget, Fiscal Policy
Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buildings, machinery, etc.
2. Loans received from foreign governments
3. Loans and advances granted to the States and Union Territories
Select the correct answer using the code given below.Options
Answer
(D)
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Economics › Differentiated Banks
Economics › Differentiated Banks
The establishment of ‘Payment Banks’ is being allowed in India to promote financial inclusion.
Which of the following statements is/are correct in this context?1. Mobile telephone companies and supermarket chains that are owned and controlled by
residents are eligible to be promoters of Payment Banks.
2. Payment Banks can issue both credit cards and debit cards.
3. Payment Banks cannot undertake lending activities.
Select the correct answer using the code given below.Options
Answer
(B)
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Economics › Digital Payments,Digital Infrastructure
Economics › Digital Payments,Digital Infrastructure
Regarding ‘DigiLocker’, sometimes seen in the news, which of the following statements is/are correct?
1. It is a digital locker system offered by the Government under Digital India Programme.
2. It allows you to access your e-documents irrespective of your physical location.
Select the correct answer using the code given below.Options
Answer
(C)
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Economics › RBIXLiquidity Management
Economics › RBIXLiquidity Management
What is/are the purpose/purposes of the ‘Marginal Cost of Funds based Lending Rate(MCLR)’ announced by RBI?
1. These guidelines help improve the transparency in the methodology followed by banks for
determining the interest rates on advances.
2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.
Select the correct answer using the code given below.Options
Answer
(C)