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Test number 45 of SFG about South Indian kingdom and Jainism and Buddhism. There are two answer given as wrong answer. 

@Thinker 

With reference to Test 45:

Q 15 - Answer should be (c) 2&3

Q 26 - Answer should be (b) 2 only

Kindly provide the right answer even if rank is not changed. That is more important

It hasn't been done for the past 2-3 tests.

Thank you

ranahere999said

@Thinker 

Are Deposit taking NBFCs considered under Systemically important NBFC?

I think Non-Deposit taking ND-NBFCs are only considered under this category which have asset size of over 500 crores.

Test 42, Ques 36

According to the RBI website,NBFCs whose asset size is of ₹ 500 cr or more as per last audited balance sheet are considered as systemically important NBFCs. The rationale for such classification is that the activities of such NBFCs will have a bearing on the financial stability of the overall economy.

Please refer to the link given below.

https://www.rbi.org.in/Scripts/FAQView.aspx?Id=92

SACHIN_SHARMAsaid

@Thinker 

Test 42 Q 6

Sir in this question statement 2 mentions that classification of plan and non-plan expenditure was ended by government in the budget in 2016. 

 In the Indian Economy by Ramesh Singh book, it is mentioned that it was announced in Union Budget 2017-18 and not in 2016. (Page: 18.4)

 Therefore answer should be ( a ) and not ( c ).

 Please clarify.

Test 42, Ques 6

It was stated by the Union Finance Minister while presenting the General Budget 2016-17 in Lok Sabha that the Plan and Non-Plan classification will be done away with from fiscal 2017-18. 

 The answer will be updated in the answer key. The answer will be A

 https://pib.gov.in/newsite/PrintRelease.aspx?relid=136996 

Rewl1said

@Thinker Test 42, Question 16: Mutual funds in India are regulated by SEBI only. The answer should be (a)

SFG 42 Q.16) 

Mutual funds, first of all, came in the money market (regulated by the RBI), but they have the freedom to operate in the capital market, too. This is why they have a provision of dual regulators—the RBI and SEBI.While RBI regulates MFs in the money market, SEBI regulates all MFs in the capital market. Besides, Mutual funds are affected by the RBI stipulation on structure, issuance, pricing, and trading of government securities. Besides, a mutual fund should have the approval of RBI in order to provide a guaranteed returns scheme.

Source: Ramesh Singh 10th edition, pg: 11.6

https://www.rbi.org.in/scripts/BS_SpeechesView.aspx?id=584  

Lighthousesaid

@Thinker  Q6. (Test 43)

Treasury Bills are issued only by the central government in India. The State governments do not issue any treasury bills. 

So answer should be A?

The answer is D only. States are not allowed to issue Treasury Bills. The third statement reads that the states are not

allowed to issue Treasury Bills.

vijayrahane835said

Respected Mar/Madam,

          

            Today's test number 45 of SFG about South Indian kingdom and Jainism and Buddhism. There are two answer given as wrong answer. 

1) Question number 15 answer is given 

D but it's "C" about Kingdom Associated with Buddha, only Kosala and Magadha associated with life of Buddha not Avanti, it's previous year UPSC question.

2) Question number 26 anwer is given C but it's "B" Because Cholas empire was divided into Mandalams and nadus not Rastrakutas.

Kindly Correct above answer and revise Answer key and also Revise Rank list.

  

                                                     Regards,

                                                     Vijay Rahane

The answers to both the Questions 15 and 26 of SFG 45 will be updated in the key.

Rewl1said

@Thinker 

With reference to Test 45:

Q 15 - Answer should be (c) 2&3

Q 26 - Answer should be (b) 2 only

Kindly provide the right answer even if rank is not changed. That is more important

It hasn't been done for the past 2-3 tests.

Thank you

The answers to both the Questions 15 and 26 of SFG 45 will be updated in the key.

Lighthousesaid

@Thinker - Q26 (test 45)

Statement 1: its not Rashtrakuta, but the CHOLA EMPIRE, was divided into mandalams and Nadus. Rashtrakuta was divided into Rashtras, vishyas and bhuktis.

So answer should be B. (answer key says c)

Someone please rectify.

The answer will be updated in the key.

Mzp662829541said

@Thinker 

Test 44 Q34

Adb follows one country one vote system???

I think it is NDB who has this .

Ans should be D 

The answer will be updated in the key

vyshnavdutt_fiitjee995said

@ThinkerSFG test 44 Check Key for Q)8 hard currency Q)34 ADB wrong answers given

For Ques 8:

Hard currency is the international currency in which the highest faith is shown and is needed by every economy. Soft currency is the term used in the foreign exchange market which denotes the currency that is easily available in any economy in its forex market. For example, the rupee is a soft currency in the Indian forex market. It is basically the opposite term for hard currency.

For Ques 34, the answer will be updated.

Any prerequisite reading for the 2nd test of batch 2sfg....jisse atleast rlg me toh ajye

Test 42 Q5

In the context of Indian economy which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?

1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements

Select the correct answer using the code given below.

1. 1 only
2. 1 and 2 only
3. 2 and 3 only
4. 1, 2, 3 and 4

Answer as Per key is A

But according to Upsc 2014 key it is B.

Please Clarify

Prakhar96said

Test 42 Q5

In the context of Indian economy which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?

1. To enable the Central Bank to control the amount of advances the banks can create
2. To make the people’s deposits with banks safe and liquid
3. To prevent the commercial banks from making excessive profits
4. To force the banks to have sufficient vault cash to meet their day-to-day requirements

Select the correct answer using the code given below.

1. 1 only
2. 1 and 2 only
3. 2 and 3 only
4. 1, 2, 3 and 4

Answer as Per key is A

But according to Upsc 2014 key it is B.

Please Clarify

It should be (b). This was told in discussion too 

Q3.

Can any one clearify How ans is D and Not C?

image source Wikipedia

@Thinker 

SFG 47 Q)15 Guilds/Shrenis is PYQ Ans in key is D UPSC ans is C

See Q)82 here

pap1a.pdf

csp2012_p1_ans_keys.pdfcsp2012_p1_ans_keys.pdf

@Thinker 

Q. 17 please share any authentic source which mentioned word "Kanishka dynasty". as title or subtitle.

Test 47, Q28. Need explanation for statement 3 about Ashoka's Dhamma