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.
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Subject: Economics
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What is/are the purpose/purposes of the ‘Marginal Cost of Funds based Lending Rate(MCLR)’ announced by RBI
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Regarding ‘DigiLocker’, sometimes seen in the news, which of the following statements is/are correct
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. -
Which of the following is/are included in the capital budget of the Government of India
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
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Which of the following best describes the term ‘import cover’, sometimes seen in the news
Which of the following best describes the term ‘import cover’, sometimes seen in the news?
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‘Broad-based Trade and Investment Agreement (BTIA)’ is sometimes seen in the news in the context of negotiations held between India and
‘Broad-based Trade and Investment Agreement (BTIA)’ is sometimes seen in the news in the context of negotiations held between India and
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With reference to ‘National Investment and Infrastructure Fund’, which of the following statements is/are correct
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 :
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Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’
Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?
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What is/are the most likely advantages of implementing ‘Goods and Services Tax (GST)’
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:
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With reference to the ‘Prohibition of Benami Property Transactions Act, 1988
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? -
Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)
Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?
1. It decides the RBI’s benchmark interest rates.
2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
3. It functions under the chairmanship of the Union Finance Minister.
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