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Daily Quiz: January 30, 2018
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- Question 1 of 7
1. Question
1 pointsCategory: EconomyConsider the following statements regarding TFS aggrement of WTO
- Trade Facilitation is services is signed and ratified by India.
- TFS is mainly for ensuring easier movements of skilled workers/ professionals for long term work.
Which of the above statements are incorrect:
Correct
Statement 1 is incorrect
Indias proposal for an Agreement on Trade Facilitation in Services (TFS) is to initiate discussions at the WTO on how to comprehensively address the numerous border and behind-the-border barriers, across all modes of supply, which are impediments to the realization of the full potential of services trade. It is neither been signed or ratified.
Statement 2 is incorrect
Trade Facilitation in Services (TFS)is mainly aimed at ensuring:
easier norms for movement of foreign skilled workers/professionals across borders for short-term work;
portability of social security contributions;
reasonable fees for immigration;
cross-border insurance coverage;
boosting medical tourism; and publication
availability of relevant information for cross-border supply of services.
Incorrect
Statement 1 is incorrect
Indias proposal for an Agreement on Trade Facilitation in Services (TFS) is to initiate discussions at the WTO on how to comprehensively address the numerous border and behind-the-border barriers, across all modes of supply, which are impediments to the realization of the full potential of services trade. It is neither been signed or ratified.
Statement 2 is incorrect
Trade Facilitation in Services (TFS)is mainly aimed at ensuring:
easier norms for movement of foreign skilled workers/professionals across borders for short-term work;
portability of social security contributions;
reasonable fees for immigration;
cross-border insurance coverage;
boosting medical tourism; and publication
availability of relevant information for cross-border supply of services.
- Question 2 of 7
2. Question
1 pointsCategory: Economy- A : Forex acts as an insurance when the rupee tends to be volatile against the dollar, there are costs attached to it
- R : When RBI purchases dollars in the spot, it leads to infusion of money into the system which leaves inflationary effect on the economy
Choose the correct answer
Correct
Both the statements are correct
In recent times there has been a debate over India’s optimum level of the forex reserves. The RBI is aware of the downside risks to the exchange rate as it reflected by its action of buying the Us dollars. RBI targets neither a particular exchange rate not foreign forex and maintains such intervention by it to just reduce volatility in forex market.
But in the process of supporting weekining rupee RBI needs to buy dollar, ultimately leading to higher form buid-ups
Statement 2 :
When RBI purchases dollars in the spot, it leads to infusion of money into the system which leaves inflationary effect on the economy. But this is not linked to voltality of rupee against the dollar
Incorrect
Both the statements are correct
In recent times there has been a debate over India’s optimum level of the forex reserves. The RBI is aware of the downside risks to the exchange rate as it reflected by its action of buying the Us dollars. RBI targets neither a particular exchange rate not foreign forex and maintains such intervention by it to just reduce volatility in forex market.
But in the process of supporting weekining rupee RBI needs to buy dollar, ultimately leading to higher form buid-ups
Statement 2 :
When RBI purchases dollars in the spot, it leads to infusion of money into the system which leaves inflationary effect on the economy. But this is not linked to voltality of rupee against the dollar
- Question 3 of 7
3. Question
1 pointsCategory: EconomyWhich of the following are components of security market?
- Private Placement
- Badla
- Market-maker
- Rolling settlement
- Demutualisation
Choose the correct answer
Correct
All the statements are correct
A private placement is a capital raising event that involves the sale of securities to a relatively small number of select investors. Investors involved in private placements can include large banks, mutual funds, insurance companies and pension funds.
A private placement is different from a public issue in which securities are made available for sale on the open market to any type of investor.
Badla basically means something you get in return. In the complete absence of a derivatives market in India, badla trading was evolved to take leverage positions in the share market.
If a trader or an investor didnt have sufficient money to buy a large quantity of shares in a particular company, he had the option to borrow and buy shares. The lenders in this case used to get an interest payout.
A market maker is a broker-dealer firm that assumes the risk of holding a certain number of shares of a particular security in order to facilitate the trading of that security.
Rolling settlement is the process of settling security traded on successive dates so that trades executed today will have a settlement date one business day later than trades executed yesterday. This contrasts with account settlement, in which all trades are settled once in a set period of days, regardless of when the trade took place.
Demutualisation is a process that changes a mutual or co-operative association into a public company by converting the interests of the members into shareholdings. These holdings can then be traded like the shares of a company.
Incorrect
All the statements are correct
A private placement is a capital raising event that involves the sale of securities to a relatively small number of select investors. Investors involved in private placements can include large banks, mutual funds, insurance companies and pension funds.
A private placement is different from a public issue in which securities are made available for sale on the open market to any type of investor.
Badla basically means something you get in return. In the complete absence of a derivatives market in India, badla trading was evolved to take leverage positions in the share market.
If a trader or an investor didnt have sufficient money to buy a large quantity of shares in a particular company, he had the option to borrow and buy shares. The lenders in this case used to get an interest payout.
A market maker is a broker-dealer firm that assumes the risk of holding a certain number of shares of a particular security in order to facilitate the trading of that security.
Rolling settlement is the process of settling security traded on successive dates so that trades executed today will have a settlement date one business day later than trades executed yesterday. This contrasts with account settlement, in which all trades are settled once in a set period of days, regardless of when the trade took place.
Demutualisation is a process that changes a mutual or co-operative association into a public company by converting the interests of the members into shareholdings. These holdings can then be traded like the shares of a company.
- Question 4 of 7
4. Question
1 pointsCategory: EconomyWhich of following explains the deposits mobilized by the banks and it’s usage
- Providing Loans and advances
- Investment in government and other approved securities in fulfilment of liquidity stipulation
- Investment in commercial paper, shares, and debentures up to stipulated ceilings
Correct
All the statements are correct
Deposits mobilised by the banks are utilised for loans and advances, investment in government and other approved securities in fulfilment of liquidity stipulation, and investment in commercial papers, shares, debentures up to stipulated ceilings.
After the nationalisation of major commercial banks in the country, there has been marked expansion in their business, both with regard to the bank deposits as well as the bank credit.
The accretion of deposits was primarily on account of time deposits which increased substantially despite the downward movement of the interest rates
Incorrect
All the statements are correct
Deposits mobilised by the banks are utilised for loans and advances, investment in government and other approved securities in fulfilment of liquidity stipulation, and investment in commercial papers, shares, debentures up to stipulated ceilings.
After the nationalisation of major commercial banks in the country, there has been marked expansion in their business, both with regard to the bank deposits as well as the bank credit.
The accretion of deposits was primarily on account of time deposits which increased substantially despite the downward movement of the interest rates
- Question 5 of 7
5. Question
1 pointsCategory: EconomyThe growth of insurance sector is internationally measured based on which of the following
- Insurance penetration
- Insurance density
- Presence of Re-insurance companies
- Per capita income
Choose the correct answer
Correct
Statement 1 is correct
the growth in the insurance sector is internationally measured based on the standards on insurance penetration and insurance density.
Insurance penetration is defined as the ratio of premium underwritten in a given year to the GDP.
Insurance Penetration in India is 3.3 % of GDP ( Global average is 6.1 %)
Statement 2 is correct
Insurance density is defined as the ration of premium underwritten in a given year to the total population.
Insurance density in India is US $ 55 ( Global average is US $ 662 ).
Statement 3 and 4 is incorrect
Reinsurance companies and per capita income are generally not taken to measure the growth of insurance sector.
Reinsurance is occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit the total loss the original insurer would experience in case of disaster.
By spreading risk, an individual insurance company can take on clients whose coverage would be too great of a burden for the single insurance company to handle alone.
Incorrect
Statement 1 is correct
the growth in the insurance sector is internationally measured based on the standards on insurance penetration and insurance density.
Insurance penetration is defined as the ratio of premium underwritten in a given year to the GDP.
Insurance Penetration in India is 3.3 % of GDP ( Global average is 6.1 %)
Statement 2 is correct
Insurance density is defined as the ration of premium underwritten in a given year to the total population.
Insurance density in India is US $ 55 ( Global average is US $ 662 ).
Statement 3 and 4 is incorrect
Reinsurance companies and per capita income are generally not taken to measure the growth of insurance sector.
Reinsurance is occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit the total loss the original insurer would experience in case of disaster.
By spreading risk, an individual insurance company can take on clients whose coverage would be too great of a burden for the single insurance company to handle alone.
- Question 6 of 7
6. Question
1 pointsCategory: Economy“LEADS” currently in news is related to :
Correct
“LEADS-Logistics Ease Across Different States” which is a first ever sub-national logistics performance index.
Incorrect
“LEADS-Logistics Ease Across Different States” which is a first ever sub-national logistics performance index.
- Question 7 of 7
7. Question
1 pointsCategory: EconomyWhich of the following reports are released by UNCTAD:
- Trade and development report
- World Investment report
- World development report
- Technology and innovation report
Options:
Correct
Reoprt by WB:
Global environment facility
GLOBAL ECONOMIC PROSPECTS REPORT
MIGRATION AND DEVELOPMENT BRIEF
UNIVERSAL HEALTH COVERAGE INDEX
LOGISTICS PERFORMANCE INDEX
WORLD DEVELOPMENT REPORT
Report by WEF
GLOBAL ENERGY ARCHITECTURE PERFORMANCE INDEX
NETWORK READINESS INDEX
GLOBAL GENDER GAP REPORT
GLOBAL RISK REPORT
INCLUSIVE GROWTH AND DEVELOPMENT REPORT(inclusive development index)
ENABLING TRADE INDEX
TRAVEL AND TOURISM COMPETITIVNESS INDEX
INTL. ENERGY AGENCY
WORLD ENERGY OUTLOOK
Report by FAO
STATE OFTHE WORLD’s FOREST
SUSTAINABLE DEVELOPMENT SOLUTIONs N/W
(A GLOBAL INITIATIVE FOR UN)
THE WORLD HAPPINESS REPORT
Report by UNEP
GLOBAL ENVIRONMENT OUTLOOK
UNCTAD
WORLD INVESTMENT REPORT
IMF
GLOBAL FINANCIAL STABILITY REPORT
WORLD ECONOMIC OUTLOOK
FISCAL MONITOR REPORT
UNESCO
(EDUCATION FOR ALL) GLOBAL MONITORING REPORT(GLOBAL EDUCATION MONITORING REPORT)
OECD
EDUCATION AT A GLANCE
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
GLOBAL HUNGER INDEX
ILO
GLOBAL WAGE REPORT;
WORLD EMPLOYMENT AND SOCIAL OUTLOOK
INSEAD
GLOBAL TALENT COMPETIVENESS
TRANSPARENCY INTERNATIONAL
CORRUPTION PERCEPTION INDEX; GLOBAL CORRUPTION REPORT; GLOBAL CORRUPTION BAROMETER; BRIBE PAYERS INDEX;
GLOBAL INTELLECTUAL PROPERTY CENTRE
(US CHAMBER OF COMMERCE)
INTL. IP INDEX
AMNESTY
STATE OF THE WORLD HUMAN RIGHTS REPORT
ADB
CREATIVITY PRODUCTIVITY INDEX
WETLAND INTERNATIONAL
INTERNATIONAL WATER BIRD CENSUS
UN ESCAP
ASIUA PACIFIC TRADE AND INVESTMENT REPORT
UN
UN WOMEN & INTER-PARALIMANTARY UNION – WOMEN IN POLITICS MAP REPORT
WIPO
GLOBAL INNOVATION INDEX
THE HERITAGE FOUNDATION (US THINK TANK)
ECONOMIC FREEDOM INDEX
WHO
GLOBAL BURDEN ON DISEASES REPORT
Incorrect
Reoprt by WB:
Global environment facility
GLOBAL ECONOMIC PROSPECTS REPORT
MIGRATION AND DEVELOPMENT BRIEF
UNIVERSAL HEALTH COVERAGE INDEX
LOGISTICS PERFORMANCE INDEX
WORLD DEVELOPMENT REPORT
Report by WEF
GLOBAL ENERGY ARCHITECTURE PERFORMANCE INDEX
NETWORK READINESS INDEX
GLOBAL GENDER GAP REPORT
GLOBAL RISK REPORT
INCLUSIVE GROWTH AND DEVELOPMENT REPORT(inclusive development index)
ENABLING TRADE INDEX
TRAVEL AND TOURISM COMPETITIVNESS INDEX
INTL. ENERGY AGENCY
WORLD ENERGY OUTLOOK
Report by FAO
STATE OFTHE WORLD’s FOREST
SUSTAINABLE DEVELOPMENT SOLUTIONs N/W
(A GLOBAL INITIATIVE FOR UN)
THE WORLD HAPPINESS REPORT
Report by UNEP
GLOBAL ENVIRONMENT OUTLOOK
UNCTAD
WORLD INVESTMENT REPORT
IMF
GLOBAL FINANCIAL STABILITY REPORT
WORLD ECONOMIC OUTLOOK
FISCAL MONITOR REPORT
UNESCO
(EDUCATION FOR ALL) GLOBAL MONITORING REPORT(GLOBAL EDUCATION MONITORING REPORT)
OECD
EDUCATION AT A GLANCE
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
GLOBAL HUNGER INDEX
ILO
GLOBAL WAGE REPORT;
WORLD EMPLOYMENT AND SOCIAL OUTLOOK
INSEAD
GLOBAL TALENT COMPETIVENESS
TRANSPARENCY INTERNATIONAL
CORRUPTION PERCEPTION INDEX; GLOBAL CORRUPTION REPORT; GLOBAL CORRUPTION BAROMETER; BRIBE PAYERS INDEX;
GLOBAL INTELLECTUAL PROPERTY CENTRE
(US CHAMBER OF COMMERCE)
INTL. IP INDEX
AMNESTY
STATE OF THE WORLD HUMAN RIGHTS REPORT
ADB
CREATIVITY PRODUCTIVITY INDEX
WETLAND INTERNATIONAL
INTERNATIONAL WATER BIRD CENSUS
UN ESCAP
ASIUA PACIFIC TRADE AND INVESTMENT REPORT
UN
UN WOMEN & INTER-PARALIMANTARY UNION – WOMEN IN POLITICS MAP REPORT
WIPO
GLOBAL INNOVATION INDEX
THE HERITAGE FOUNDATION (US THINK TANK)
ECONOMIC FREEDOM INDEX
WHO
GLOBAL BURDEN ON DISEASES REPORT