Economy Quiz: Indian Economy – Money and Banking – 8 December 2021

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We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs on a daily basis. For schedule, refer to the archive link given below.

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Correct Answer : 2

Wrong Answer : -0.66

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Question No. 1

The term Economic Capital Framework is related to which of the following?

ABad Bank

BReserve Bank of India

CNew Development Bank

DWorld Bank

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Question No. 2

Which of the following financial institutions/banks are covered under deposit insurance of Deposit Insurance and Credit Guarantee Corporation (DICGC)?
1. Commercial Banks
2. Regional Rural Banks
3. Urban Cooperative Banks
4. Local Area Banks
5. Small Finance Banks
Select the correct answer using the code given below:

A1, 2 and 3 only

B1, 2, 3 and 4 only

C1 and 2 only

D1, 2, 3, 4 and 5

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Question No. 3

Which of the following liquidity windows is/are allowed raising liquidity by regional rural banks?
1. Liquidity Adjustment Facility
2. Marginal Standing Facility
3. Call Money Market
Select the correct answer using the codes given below:

A1 only

B1 and 2 only

C2 and 3 only

D1, 2 and 3

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Question No. 4

The Utkarsh 2022, sometimes seen in news is related to which of the following?

ARegulation and supervision of Central Bank

BForeign exchange

CBanks amalgamation

DDoubling farmer’s income

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Question No. 5

Which of the following are the pillars of the Basel Norms?
1. Capital adequacy requirements
2. Supervisory review
3. Market discipline
4. Government intervention
Select the correct answer using the code given below:

A1, 2, 3 and 4

B1, 2 and 3 only

C2, 3 and 4 only

D1, 3 and 4 only

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Question No. 6

Recently, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2018-19, a statutory publication in compliance with which of the act?

ABanking Regulation Act, 1949

BReserve Bank of India Act, 1934

CPayment and Settlements Act, 2007

DThe State Bank of India Act, 1955

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Question No. 7

The Reserve Bank of India was set up P J Nayak Committee to review Governance of Boards of Banks in India and to establish which of the following?

ABanks Board Bureau

BIndian Banks Association

CBad Banks

DDifferentiated Banks

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Question No. 8

Which of the following statements is/are correct about “small finance banks”?
1. Small finance banks are universal banks.
2. Small Finance Banks was recommended by the usha thorat committee.
Select the correct answer using the codes given below:

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

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Question No. 9

Consider the following statements regarding “Local Area Banks (LABs)”:
1. NRI contributions are not permitted in equity of Local Area Banks.
2. A family group can promote equity holding in Local Area Banks up to 40%.
Which of the statements above given is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

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Question No. 10

Which of the following suggested the government to create All India Development Banks (AIDBs)?

AManmohan Singh

BSukhamoy Chakraborty

CMontek Singh Ahluwalia

DNarasimhan

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