Indian Economy ...

Consider the following statements about Society for Worldwide Interbank Financial Telecommunication (SWIFT)

1. SWIFT sells software and services to financial institutions
2. All international interbank messages use the SWIFT network.
3. SWIFT does not facilitate funds transfer.

Which of the above statements is/are correct?

Which of the following is not a consequence of rupee depreciation? 

Which of the following can lead to rupee depreciation?

1. Rising interest rates in the US
2. FPI Inflows
3. High import intensity

Select the correct code:

Consider the following statement about Foreign Portfolio Investment (FPI)

1. FPI does not provide investor with direct ownership of financial assets.
2. FPI is part of country ’s current account.
3. FPI is more liquid and more risky than FDI.

Which of the above statements is/are incorrect?

With reference to India economy, consider the following:

1. Bank rate
2. Open market operations
3. Public debt
4. Public revenue

Which of the above is/are component/components of Monetary Policy?

A foreigner is travelling by Air India from Delhi to Mumbai. What will this be considered as in terms of national income: 

Gross capital formation will increase if:

1. gross domestic savings increases
2. gross domestic consumption increases
3. GDP increases

Select the correct answer using the codes given below.

Under a managed floating exchange rate system, the nation ’s monetary authorities intervene in foreign exchange markets to  

Predatory pricing policy is designed to  

Hedging in the foreign exchange market refers to:

Consider the following statements about Foreign portfolio investment (FPI) in India.

1. It is any equity investment by non-residents which is less than or equal to 50% of capital in a company.
2. As per SEBI regulations, FPIs are not allowed to invest in unlisted shares and investment in unlisted entities.
3. According to SEBI rules, investors are prohibited from investing in government bonds.

Which of the above statements is/are correct?

Which of the following are not the components of Non tax revenue receipts?

1. Government earning Dividends and profits from PSUs.
2. Goods and Services Tax (GST)
3. State governments receiving grants from the Central Government
4. Wealth Tax
5. Value Added Tax (VAT)

Select the correct code:

Consider the following statements about Purchasing Managers ’Index (PMI)

1. It is an indicator of business activity in the manufacturing sector only.
2. A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction.
3. PMI is usually released at start of month by Central Statistics Office (CSO).

Which of the above statements is/are correct?

Consider the following statements about Small Finance Banks (SFBs)

1. Unorganised sector entities are not eligible to receive loans from SFBs.
2. The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore.
3. Foreign shareholding are not allowed.
4. The small finance banks are required to extend 75 per cent of its Adjusted Net Bank Credit (ANBC) towards priority sector lending (PSL).

Which of the above statements is/are incorrect?

Consider the following statements about e-Kuber.

1. e-Kuber is the Core Banking Solution of SBI.
2. State /central Governments are also the users.
3. It is a portal based service.

Which of the above statements is/are correct?

Consider the following statements about Inflation Indexed Bond (IIB)

1. It is a bond issued by the Government and the Corporate sector.
2. There are no special tax concessions for these bonds.
3. They are eligible to be kept as part of Statutory Liquidity Ratio requirements of banks.

Which of the above statements is/are correct?

Consider the following statements about Peer to peer (P2P) lending.

1. It is a form of crowdfunding used to raise unsecured loans which are re-paid with interest.
2. Only individuals can borrow money.
3. RBI enabled P2P entities as Non-Banking Financial Company (NBFC).
4. Minimum net worth requirement for these platforms is kept at Rs. 5 Cr.

​Which of the above statements is/are incorrect?

Under Statutory Liquidity Ratio (SLR) all Scheduled Commercial Banks in India must maintain an amount in which of the following forms?

1. Cash
2. Gold
3. Treasury-Bills of the Government of India
4. Corporate Bonds
5. State Development Loans (SDLs)

Which of the above statements is/are correct?

Buoyancy of tax refers to: 

Which of the following developments may not likely reduce the fiscal deficit?

1. Increasing Foreign Direct Investment (FDI)
2. Providing budgetary support to public sector enterprises
3. Waiving off farm loans.
4. Austerity measures should be adopted.

Select the correct code:

Consider the following statements about Reserve Bank of India.

1. The bank was set up based on the recommendations of the Hilton –Young Commission.
2. Performs merchant banking function for the central and the state governments; also acts as their banker.
3. Manages the Foreign Exchange Management Act, 1999.
4. Issues and exchanges or destroys currency and coins not fit for circulation.

Which of the above statements is/are correct?

Consider the following statements about Rural Infrastructure Development Fund (RIDF).

1. Government of India created the RIDF in NABARD.
2. The eligible activities are classified into Agriculture and related sector, Social sector and rural connectivity.
3. Panchayat Raj Institutions, Self Help Groups (SHGs) and NGOs are also eligible to receive funds.

Which of the above statements is/are correct?

Consider the following statements about ‘Fiat Money ’.

1. It is a currency that a government has declared to be legal tender.
2. It is backed by a physical commodity.
3. Its value increases during hyperinflation.

Which of the above statements is/are incorrect?

Consider the following statements about fugitive economic offender.

1. It is an individual who has committed some specified offence(s) involving an amount of one hundred crore rupees or more and has absconded from India.
2. He is declared so by a ‘Special Court ’set up under the Prevention of Corruption Act, 1988.
3. The property of a fugitive economic offender, resulting from the proceeds of crime, including benami property, can be confiscated once he is declared so by the Court.
4. Properties abroad are not liable for confiscation.

Which of the above statements is/are incorrect?

Consider the following statements about Consumer Food Price Index (CFPI).

1. It is a measure of change in retail prices of food products consumed by a defined population group in a given area
2. It is released by Central Statistics Office (CSO) for three categories -rural, urban and combined.
3. Cereals and products constitute more than 50 percent weight within CFPI.

Which of the above statements is/are correct?