Economics › Banking Regulations

2017

Which of the following statements best describes the- term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news?

Options

(a)

It is a procedure for considering ecological costs of developmental schemes formulated by the Government.

(b)

It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.

(c)

It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.

(d)

It is an important provision in ‘The Insolvency and Bankruptcy Code’ recently implemented by the Government.

Answer

(B)

Economics › Budget, Fiscal Policy

2017

With reference to the ‘Prohibition of Benami Property Transactions Act, 1988
(PBPT Act)’, consider the following statements:
1. A property transaction is not treated as a benami transaction if the owner of the property
is not aware of the transaction.
2. Properties held benami are liable for confiscation by the Government.
3. The Act provides for three authorities for investigations but does not provide for any
appellate mechanism.
Which of the statements given above is/are correct?

Options

(a)

1 only

(b)

2 only

(c)

1 and 3 only

(d)

2 and 3 only

Answer

(B)

Economics › Differentiated Banks

2017

What is the purpose of setting up of Small Finance Banks (SFBs) in India?
1. To supply credit to small business units
2. To supply credit to small and marginal farmers
3. To encourage young entrepreneurs to set up business particularly in rural areas.
Select the correct answer using the code given below:

Options

(a)

1 and 2 only

(b)

2 and 3 only

(c)

1 and 3 only

(d)

1, 2and 3

Answer

(A)

Economics › Digital Payments,Digital Infrastructure

2017

Consider the following statements:

1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
2. NCPI has launched RuPay, a card Payment scheme.

Which of the statements given above is/are correct?

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(C)

Economics › Digital Payments,Digital Infrastructure

2017

Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?

Options

(a)

Mobile wallets will not be necessary for online payments.

(b)

Digital currency will totally replace the physical currency in about two decades.

(c)

FDI inflows will drastically increase.

(d)

Direct transfer of subsidies to poor people will become very effective.

Answer

(A)

Economics › Economic Growth,LPG,Planning

2017

Which of the following has/have occurred in India after its liberalization of economic policies in 1991?
1. Share of agriculture in GDP increased enormously.
2. Share of India’s exports in world trade increased.
3. FDI inflows increased.
4. India’s foreign exchange reserves increased enormously.
Select the correct answer using the codes given below:

Options

(a)

1 and 4 only

(b)

2, 3 and 4 only

(c)

2 and 3 only

(d)

1, 2, 3 and 4

Answer

(B)

Economics › Economic Growth,LPG,Planning

2017

The term ‘Domestic Content Requirement’ is sometimes seen in the news with reference to

Options

(a)

Developing solar power production in our country.

(b)

Granting licenses to foreign T.V. channels in our country.

(c)

Exporting our food products to other countries.

(d)

Permitting foreign educational institutions to set up their campuses in our country.

Answer

(A)

Economics › GST

2017

Consider the following statements :
1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.

Which of the statements given- above is/are correct ?

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(D)

Economics › GST

2017

What is/are the most likely advantages of implementing ‘Goods and Services Tax (GST)’?

1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
2. It will drastically reduce the ‘Current Account Deficit’ of India and will enable it to increase its foreign exchange reserves.
3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future.

Select the correct answer using the code given below:

Options

(a)

1 only

(b)

2 and 3 only

(c)

1 and 3 only

(d)

1, 2 and 3

Answer

(A)

Economics › Investment Funds

2017

With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct?

1. It is an organ of NITI Aayog.
2. It has a corpus of Rs. 4,00,000 crore at present.

Select the correct answer using the code given below :

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(D)

Prelims

Economics › Banking Regulations

Options

Answer

Economics › Budget, Fiscal Policy

Options

Answer

Economics › Differentiated Banks

Options

Answer

Economics › Digital Payments,Digital Infrastructure

Options

Answer

Options

Answer

Economics › Economic Growth,LPG,Planning

Options

Answer

Options

Answer

Economics › GST

Options

Answer

Options

Answer

Economics › Investment Funds

Options

Answer