Indian Economy Test 33

Result

Indian Economy Test 33

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following are the associates of State Bank of India?
1. State Bank of Hyderabad
2. State Bank of Mysore
3. State Bank of Tamil Nadu
4. State Bank of Travancore
Choose the correct answer using the codes given below.

A
1, 2 and 4

B
3 and 4

C
1 and 2

D
All of these

Solution

The 7 associate banks of State Bank of India are: State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, State Bank of Saurashtra and State Bank of Indore.
Question 2
1 / -0

Which one of the following companies is eligible for the financial assistance and loans from the Industrial Finance Corporation of India (IFCI)?

A
Limited Public Companies

B
Public Co-Operatives

C
Private Limited Companies

D
All of the above

Solution

IFCI, previously Industrial Finance Corporation of India, is an Indian government owned development bank to cater to the long-term finance needs the industrial sector. It was the first development finance institution established by the Indian government after independence. Until the establishment of ICICI in 1991, IFCI remained solely responsible for implementation of the government's industrial policy initiatives.
Any public limited company or co-operative society incorporated and registered in India which is engaged, or proposes to engage itself, in the manufacture, preservation or processing of goods, or in the shipping, mining or hotel industry or in the generation or of distribution of electricity or any other form of power, is eligible for financial assistance. later by an amendment even Private limited companies have become eligible for loans from IFCI.
Question 3
1 / -0

Which one of the following missions of the World Bodies/ Organisation has set-up the Industrial Credit and Investment Corporation of India (ICICI) bank for the developing small and medium industries in India in the Private Sector?

A
World Bank

B
International Monetary Fund

C
Asian Development Bank

D
World Trade Organisation

Solution

ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.
Question 4
1 / -0

India's market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country. The main reason behind this move is ____________.

A
the desire of the Government of India to attract more foreign investment

B
pressure by foreign governments on India to execute specific mutual agreements on finanacial services

C
SEBI's desire to create a more level playing field for foreign investors

D
RBIs relevant directive to SEBI

Solution

Market regulator Sebi (Securities and Exchange Board of India) was on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country, from 10% to 20% that applied to foreign institutional investors (FIIs). The reason behind the move was to attract foreign investment in India.
Question 5
1 / -0

Which one among the following is the type of poverty which compares the total wealth of the poorest one-third of the population with the total wealth of richest 1% of the population?

A
Absolute poverty

B
Severe poverty

C
Relative poverty

D
Mass poverty

Solution

Poverty can be measured in absolute or relative terms. Relative poverty is calculated based on social context. Such an estimation would be wherein the total wealth of the poorest one-third of the population is compared with the total wealth of richest 1% of the population. However, the count of poorpeoplecan increase despite rise in income.
Question 6
1 / -0

With reference to Indian economy consider the following statements:
1. Service Area Approach programme was started in the late 90s.
2. Service Area Approach was devised to bring economic growth in the assigned specific semi-urban and rural areas.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2

Solution

Service Area Approach was introduced in 1989 and was basically an improved version of the area approach of the Lead Bank Scheme. Under this approach, each commercial bank was designated to serve 15-25 villages for planned and orderly development of the rural and semi-urban areas.
Question 7
1 / -0

Consider the following functions of the Foreign Exchange Management Act (FEMA)
$$1.$$ FEMA restricts activities such as payments made to any person outside India or receipts from them.
$$2.$$ FEMA imposes restriction on people living in India who carry out transactions in foreign exchange, foreign security or who own or hold immovable property abroad.
$$3.$$ FEMA regulates the exporters to furnish their export details to RBI.
Which of the statements given above is/ are correct?

A
$$1, 2$$ and $$3$$

B
$$1$$ and $$3$$

C
$$2$$ and $$3$$

D
Only $$1$$
Question 8
1 / -0

In the parlance of financial investment, the term bear denotes.

A
an investor, who feels that the price of a particular security is going to fall.

B
an investor, who expects the price of a particular share to rise.

C
a shareholder, who has an interest in a company, financially or otherwise.

D
any lender, whether by making a loan or buying a bond.

Solution

The term bear denotes an investor who believes that a particular security or market is headed downward. Bears attempt to profit from a decline in prices. Bears are generally pessimistic about the state of a given market. Bearish sentiment can be applied to all types of markets including commodity markets, stock markets and the bond market.
Question 9
1 / -0

The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following?
1. Deprivation of education, health, assets and services at household level.
2. Purchasing Power Parity at national level
3. Extent of budget deficit and GDP growth rate at national level
Select the correct answer using the codes given below.

A
1,2 and 3

B
2 and 3

C
Only 2

D
Only 1

Solution

The multi-dimensional poverty index (MPI) bases its estimation on education (years of schooling and attendance in schools), health (child mortality and nutrition) and standard of living (electricity, sanitation, drinking water, flooring of the house, cooking fuel and asset ownership). Equal weights are assignments to the three lead factors such that the weights are proportionaltely split among the sub-factors.
Question 10
1 / -0

Which one of the following banks is the new set of owner of the Unit Trust of India - $$2$$ $$(UTI-2)$$ after the repealed of original UTI Act?

A
State Bank of India

B
Bank of Baroda

C
Punjab National Bank

D
All of the above

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 33

Result

Indian Economy Test 33

Score

-

Rank

-

SHARING IS CARING

Question 1

1, 2 and 4

3 and 4

1 and 2

All of these

Solution

Question 2

Limited Public Companies

Public Co-Operatives

Private Limited Companies

All of the above

Solution

Question 3

World Bank

International Monetary Fund

Asian Development Bank

World Trade Organisation

Solution

Question 4

the desire of the Government of India to attract more foreign investment

pressure by foreign governments on India to execute specific mutual agreements on finanacial services

SEBI's desire to create a more level playing field for foreign investors

RBIs relevant directive to SEBI

Solution

Question 5

Absolute poverty

Severe poverty

Relative poverty

Mass poverty

Solution

Question 6

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

Question 7

$$1, 2$$ and $$3$$

$$1$$ and $$3$$

$$2$$ and $$3$$

Only $$1$$

Question 8

an investor, who feels that the price of a particular security is going to fall.

an investor, who expects the price of a particular share to rise.

a shareholder, who has an interest in a company, financially or otherwise.

any lender, whether by making a loan or buying a bond.

Solution

Question 9

1,2 and 3

2 and 3

Only 2

Only 1

Solution

Question 10

State Bank of India

Bank of Baroda

Punjab National Bank

All of the above

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