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10 PM Quiz: December 24, 2018
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- Question 1 of 6
1. Question
1 pointsAs per the Reserve Bank of India directives, which of the following parameters invite Prompt Corrective Action.
1) Capital to Risk Weighted Asset Ratio (CRAR)
2) Net Non-Performing Assets (NPA) and
3) Return on Assets (RoA)
4) Leverage ratio
Correct
RBI’s Prompt Corrective Action
RBI has issued a policy action guideline (first in May 2014 and revised effective from April 1, 2017) in the form of Prompt Corrective Action (PCA) Framework if a commercial bank’s financial condition worsens below a mark.
The PCA framework specifies the trigger points or the level in which the RBI will intervene with corrective action. This trigger points are expressed in terms of parameters for the banks.
The parameters that invite corrective action from the central bank are:
- Capital to Risk Weighted Asset Ratio (CRAR)
- Net Non-Performing Assets (NPA) and
- Return on Assets (RoA)
- Leverage ratio
Incorrect
RBI’s Prompt Corrective Action
RBI has issued a policy action guideline (first in May 2014 and revised effective from April 1, 2017) in the form of Prompt Corrective Action (PCA) Framework if a commercial bank’s financial condition worsens below a mark.
The PCA framework specifies the trigger points or the level in which the RBI will intervene with corrective action. This trigger points are expressed in terms of parameters for the banks.
The parameters that invite corrective action from the central bank are:
- Capital to Risk Weighted Asset Ratio (CRAR)
- Net Non-Performing Assets (NPA) and
- Return on Assets (RoA)
- Leverage ratio
- Question 2 of 6
2. Question
1 pointsWith the reference to Sea Ports in India, consider the following statement.
1) The Central Shipping Ministry controls and supervises the Major ports and Minor Port of India.
2) There are total 13 major sea ports of India and all of them are Governed by Central government.
Select the statements which is/are correct.
Correct
The Central Shipping Ministry controls and supervises the major ports, whereas the minor ports and intermediate are managed by the state government’s maritime board
There are total 13 major sea ports of India,out of 12 are government and one, Ennore port of Chennai is the corporate one. Ennore Port is one of the major port of India located at Coromandel Coast of Tamil Nadu state along with Kakinada Port and private Krishnapatnam Port and Mundra Port. Other 12 major ports of India are listed as follows.
Incorrect
The Central Shipping Ministry controls and supervises the major ports, whereas the minor ports and intermediate are managed by the state government’s maritime board
There are total 13 major sea ports of India,out of 12 are government and one, Ennore port of Chennai is the corporate one. Ennore Port is one of the major port of India located at Coromandel Coast of Tamil Nadu state along with Kakinada Port and private Krishnapatnam Port and Mundra Port. Other 12 major ports of India are listed as follows.
- Question 3 of 6
3. Question
1 pointsWith reference to Centralised Appellate Authority for Advance Ruling, consider the following statement.
1) Decision of Centralised Appellate Authority will be final and bind whole country in case of conflicting decisions by two or more State Appellate Advance Ruling Authorities on the same issue.
2) It functions under the Ministry of Finance.
Select the statements which is/are correct.
Correct
The GST Council on Saturday gave its approval to creation of a Centralised Appellate Authority for Advance Ruling (AAAR) by amending the GST Act.
According to the Ministry of Finance, the GST Council in its 31st meeting held here gave in-principle approval to the creation of AAAR to deal with the cases of conflicting decisions by two or more State Appellate Advance Ruling Authorities on the same issue.
Incorrect
The GST Council on Saturday gave its approval to creation of a Centralised Appellate Authority for Advance Ruling (AAAR) by amending the GST Act.
According to the Ministry of Finance, the GST Council in its 31st meeting held here gave in-principle approval to the creation of AAAR to deal with the cases of conflicting decisions by two or more State Appellate Advance Ruling Authorities on the same issue.
- Question 4 of 6
4. Question
1 pointsWith reference to Genetic Blood Disorders, consider the following statements.
1) Genetic Blood Disorders are transmitted from parents to their children.
2) All blood disorders are caused by the reduced production of red blood cells in the body.
Select the statements which is/are correct.
Correct
Genetic Blood Disorders genetic blood disorders are transmitted from parents to their children. Certain blood disorders are caused by the reduced production of red blood cells. Red blood cells in our body do not last forever and are needed to be produced after some time, when the production of these red blood cells stops it causes blood disorders in the body of the human beings and may result in some serious disease. There are several related abnormal hemoglobin diseases, such as sickle cell anemia and thalassemia.
Thalassemia and Sickle Cell Anemia are two major Genetic Blood Disorder disease
Certain blood disorders are caused by the reduced production of red blood cells in the body not all.
Incorrect
Genetic Blood Disorders genetic blood disorders are transmitted from parents to their children. Certain blood disorders are caused by the reduced production of red blood cells. Red blood cells in our body do not last forever and are needed to be produced after some time, when the production of these red blood cells stops it causes blood disorders in the body of the human beings and may result in some serious disease. There are several related abnormal hemoglobin diseases, such as sickle cell anemia and thalassemia.
Thalassemia and Sickle Cell Anemia are two major Genetic Blood Disorder disease
Certain blood disorders are caused by the reduced production of red blood cells in the body not all.
- Question 5 of 6
5. Question
1 pointsWith reference to Paika rebellion, consider the following statement(s)
- It was an armed rebellion against the British East India Company’s rule in Karnataka in 1817
- Paiks were traditional landed militia under the state’s Gajapati rulers.
Which of the above statement(s) is/are correct?
Correct
The Paik Rebellion, also called the Paika Bidroha, was an armed rebellion against the British East India Company’s rule in Odisha in 1817.Bakshi Jagabandhu Bidyadhar, the military chief of the King of Khurda, had led his army of Paikas forcing the British East India Company forces to retreat.Paiks were traditional landed militia under the state’s Gajapati rulers.
Incorrect
The Paik Rebellion, also called the Paika Bidroha, was an armed rebellion against the British East India Company’s rule in Odisha in 1817.Bakshi Jagabandhu Bidyadhar, the military chief of the King of Khurda, had led his army of Paikas forcing the British East India Company forces to retreat.Paiks were traditional landed militia under the state’s Gajapati rulers.
- Question 6 of 6
6. Question
1 pointsConsider the following statements
- Krakatoa volcano located in the Sunda Strait between the Indonesian islands of Java and Sumatra
- It lies along the convergence of the Indian-Australian and Eurasian tectonic plates
Which of the above statement(S) is/are correct?
Correct
Krakatoa volcano located in the Sunda Strait between the Indonesian islands of Java and Sumatra. It lies along the convergence of the Indian-Australian and Eurasian tectonic plates
Incorrect
Krakatoa volcano located in the Sunda Strait between the Indonesian islands of Java and Sumatra. It lies along the convergence of the Indian-Australian and Eurasian tectonic plates
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