Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?
Prelims
-
Economics › Budget, Fiscal Policy
-
Economics › Demographic Dividend
Economics › Demographic Dividend
Consider the following statements :
Human capital formation as a concept is better explained in terms of a process which enables
1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth.Which of the statements given above is/are correct?
Options
Answer
(C)
-
Economics › Demographic Dividend
Consider the following specific stages of demographic transition associated with economic development:
1. Low birth rate with low death rate
2. High birth rate with high death rate
3. High birth rate with low death rateSelect the correct answer using the code given below:
Options
Answer
(C)
-
Economics › Differentiated Banks
Economics › Differentiated Banks
Consider the following statements about the Non-Banking Financial Companies (NBFCs) in
India:
1. NBFCs cannot accept demand deposits.
2. All the NBFCs operating in India have to be registered with the RBI.
3. NBFCs form part of the payment and settlement system and can issue cheque drawn on
itself.
4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation
(DICGC) is not available to the depositors of deposit taking NBFCs.
Which of the statements given above is/are correct?Options
Answer
(a) 1 and 4
-
Economics › Differentiated Banks
With reference to ‘Urban Cooperative banks’ in India, consider the following statements:
1.They are supervised and regulated by local boards set up by the State Governments.
2.They can issue equity shares and preference shares.
3.They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.
Which of the statements given above is/are correct?Options
Answer
(B)
-
Economics › Differentiated Banks
Consider the following statements:
1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.
2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.
Which of the statements given above is/are correct?Options
Answer
(B)
-
Economics › Differentiated Banks
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
Answer
(A)
-
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)