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Nils D (AR+ACT)

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Quiz on Nils D (AR+ACT), created by Nils D on 04/09/2017.
Nils D
Quiz by Nils D, updated more than 1 year ago
Nils D
Created by Nils D about 7 years ago
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Resource summary

Question 1

Question
India turned around from a net importer to a net exporter of ........for the first time.
Answer
  • electricity
  • software outsourcig
  • agricultural products
  • solar based equipments

Question 2

Question
As of Mar 17, ..........% of the advances of the banking system were stressed.
Answer
  • 12.1
  • 21.2
  • 11.2
  • 12

Question 3

Question
The real GVA growth is projected to rise from 6.6 % in 2016-17 to ...........% in 2017-18.
Answer
  • 7.3
  • 7.4
  • 7.2
  • 6.9

Question 4

Question
RBI's ........data set could be quickly transformed in to a Public credit register (PCR) covering customers of Scheduled Commercial Banks.
Answer
  • Basic statistical returns 1
  • Basic Statistical returns 2
  • sec 42 CRR data
  • BSR 1, BSR 2 both

Question 5

Question
in the power sector, 27 states /UTs joined UDAY issuing bonds worth 2.32 trillion. Which are the 3 states those have not joined the UDAY.?
Answer
  • West Bengal, Odisha, Nagaland
  • Nagaland, Arunachal Pradesh, Sikkim
  • West Bengal, Odisha, Punjab
  • Odisha, Nagaland, Kerala

Question 6

Question
The base year for the WPI, CPI and IIP is now same. it is...
Answer
  • 2011-12
  • 2010-11
  • 2008-09
  • 2014-15

Question 7

Question
"Incentivising Pulses production th rough Minimum Support Price (MSP) and related policies " report was published in 2016 under the chairman ship of.....
Answer
  • Dr. Arvind Subramanian
  • Dr. Urjit Patel
  • Dr. Y K Alag
  • D P Rath

Question 8

Question
A new use-based category namely ................has been introduced while 'basic goods' have been re christened as primary goods in revised IIP calculations.
Answer
  • infrastructure / construction goods
  • consumer duerable
  • intermediate goods
  • basic goods

Question 9

Question
Service Sector Composite Index (SSCI) is published by..........
Answer
  • RBI
  • MoF
  • CSO
  • SEBI
  • World Bank

Question 10

Question
Inflation can be decomposed into two components : core and non-core. Non core reflects short term price movements, core acts as a signal for persistent movements in inflation. central banks generally monitor....
Answer
  • core inflation
  • non core inflation
  • both

Question 11

Question
A standing technical review committee to be chaired by secretary, .................has been set up for an on-going revision of IIP.
Answer
  • DEA, MoF
  • DFS, MoF
  • MoSPI
  • DEA and DFS both

Question 12

Question
A high level standing technical review committee headed by secretary, ........has been set up to review and dynamically updated the item basket with the changing structure of the economy.
Answer
  • MoSPI
  • CSO
  • DIPB
  • MoF

Question 13

Question
For 2016-17, Reserve Money (RM) contracted by around ....% for the first time after 1952.
Answer
  • 13
  • 15
  • 12

Question 14

Question
issuance of commercial paper (CP) increased by around ....% during 2016-17
Answer
  • 28
  • 25
  • 12

Question 15

Question
Indian companies mobilised Us$........million through offshore rupee denominated bonds (Masala bonds) during 2016-17.
Answer
  • 3671
  • 2675
  • 6731

Question 16

Question
To evaluate whether the INR is fairly valued, following approach/es adopted, viz...
Answer
  • Productivity based ( Balassa Samuelson effect)
  • Sustainable Current Account approach
  • both

Question 17

Question
proceeds from .........-amounting to 477 billion Rs were the highest in any financial sector so far.
Answer
  • Disinvestiment
  • services outsourcing
  • Agriculture production
  • Trade and industry

Question 18

Question
GFD-GDP ratio target should not exceed .....percentage points in a year
Answer
  • 0.5
  • 1
  • 2
  • 0.25

Question 19

Question
FRBM review committee (N K Singh) recommended..
Answer
  • setting up of autonomous fiscal council under MINISTRY OF FINANCE
  • ceiling for Govt debt to 60% of GDP (40% for central , 20% state)
  • adoption of best international practices for compilation, presentation of fiscal accounts
  • fiscal deficit to brought down to 2.5% by 2022-23
  • revenue deficit-GDP ratio is projected to decline by 0.25% each year to reach 0.8% by 2022-23
  • all the above

Question 20

Question
.....billion have been allocated by GOI to Public sector banks under Indradhanush plan.
Answer
  • 100
  • 1000
  • 10
  • NOTA

Question 21

Question
India's foreign exchange reserves covered for 11.3 months of imports and were the ......th largest in the world.
Answer
  • 9
  • 10
  • 3
  • 5

Question 22

Question
Total foreign exchange reserves stood at the end of 2016-17 at USD ....... Billion(its USD 386 billion at end june 17) whereas Gross FDI to India reached an all time high of USD ........... billion
Answer
  • 370 , 60
  • 60, 370
  • 470, 70
  • 670, 60

Question 23

Question
India stood at .....position for greenfield FDI in 2016 and .....position in favourite host country for FDI for 2017-19.
Answer
  • 1 , 3
  • 3, 1
  • 3 ,3
  • 1,1

Question 24

Question
Revised liquidity mgnt framework was implemented by RBI in....
Answer
  • April 2016
  • Aug 2016
  • Jun 16

Question 25

Question
RBI Act was amended wef...
Answer
  • June 27, 2016
  • Aug 5, 2016
  • Feb 14,2016
  • NOTA

Question 26

Question
in case of failure to secure inflation target for ......consecutive quarters RBI has to provide reasons,remedies and the time required to regain.
Answer
  • 3
  • 1
  • 4

Question 27

Question
Operating target of Monetary policy is....
Answer
  • Weighted Avg call rate
  • Weighted avg lending rate
  • 4%
  • 6%

Question 28

Question
Incremental CRR of 100% on increase in NDTL of banks between sept 16 to nov 11 was applied between
Answer
  • Nov 26 to dec 9
  • Nov 26 to dec 10
  • sept 16 to nov 11
  • Nov 26 to dec 30

Question 29

Question
Basel III : LCR was introduced in a phased manner beginning from Jan 2015 from 60% to .........to 100%
Answer
  • Jan 2019
  • Jan 2018
  • Jan 2021
  • No date

Question 30

Question
As of now, LAF Corridor and Policy corridor are .... and.....respectively.
Answer
  • 0.25, 0.25
  • 0.25,0.50
  • 0.50,0.25
  • -0.25,-0.25

Question 31

Question
Govt was requested to enhance the limit of securities issuable under the MSS to .......billion from 300 billion.
Answer
  • 6000
  • 600
  • 400
  • 5000

Question 32

Question
RBI has allowed to carve out .....% of SLR.
Answer
  • 11
  • 12
  • 13
  • 40

Question 33

Question
Which of the following is not the recommendation of committee on medium term path on Financial inclusion
Answer
  • Creating BC registry
  • certifications for BCs
  • accreditation of credit counsellors
  • formation of FIAC.

Question 34

Question
PSLCs are traded on eKuber. which of the following can not trade these
Answer
  • payment banks
  • small finance banks
  • co operative banks
  • Scheduled commercial banks

Question 35

Question
.....has been set as a registering authority for rolling out the certified credit counselors scheme of RBI's framework for accreditation of credit counselors.
Answer
  • SIDBI
  • NABARD
  • IBA
  • NABCABS

Question 36

Question
Work process innovation viz, intoduction of LAPS for speedy processing and sanction of MSME loans has been decided. what is LAPS?
Answer
  • Lending automation processing system
  • Lending automation processing scheme
  • Loan automation processing system
  • Loan automation processing scheme

Question 37

Question
BC registry and BC certification will be done by....organization. For BC certification it has set up a governing council comprising members from IBA NABARD and 2 from academics and experts from industry.
Answer
  • IBA
  • NAMCABS
  • NABARD
  • SIDBI

Question 38

Question
A movable asset registry was launched by the central registry of securitisation asset reconstruction and security interest of India (CERSAI) to facilitate lending to the MSME sector under which act??
Answer
  • Companies act
  • SARFAESI ACT
  • BR ACT
  • NABARD ACT

Question 39

Question
A proposed strategy of NSFI (National strategy of Financial Inclusion) includes
Answer
  • developing physical and digital infra
  • regulatory framework
  • financial awareness
  • grievance redressal
  • scientific assessment
  • all above

Question 40

Question
Banks were advised to conduct .....FLCs per month
Answer
  • 2
  • 1
  • 4

Question 41

Question
the pilot project on setting up of CFLs is being commissioned in ......states across.....blocks by NGOs in collaboration with Sponsor banks.
Answer
  • 9, 80
  • 10,90
  • 80,9

Question 42

Question
collection of data from banks by RBI through ADEPT will be initiated soon. ADEPT stands for...
Answer
  • Automated Data extraction project
  • Automated document extraction project
  • Automatic document extraction project

Question 43

Question
Entities with forex exposure of up to USD.........million would be permitted under simplified hedging facility.
Answer
  • 30
  • 20
  • 100
  • 500

Question 44

Question
Start up companies were permitted to raise funds by isuing convertible notes to persons resident outside india for an amount of RS ........million or more in a single tranche for up to 5 years.
Answer
  • 2.5
  • 5
  • 1.5
  • 10

Question 45

Question
Foreign investment permitted up to .......% for market place model and other financial services where as it is prohibited in inventory based model of e-commerce.
Answer
  • 100
  • 74
  • 26
  • 49

Question 46

Question
A BRICS seminar on "investment flows-challenges, opportunities and road ahead" was organised in Mumbai with "FOREX FOR YOU " theme with collaboration of....
Answer
  • Ministry of finance
  • SEBI
  • both SEBI and MoF

Question 47

Question
IAC recommended that all accounts with an outstanding amount greater that Rs 50 billion and with more than 60% clasified as NPA by banks as on .............be resolved using the new IBC.
Answer
  • 31 Mar 2016
  • 31 Mar 2017
  • 31 DEC 2016
  • day of formation of IAC

Question 48

Question
RBI identified set of ..............financial conglomerates (FCs) for monitoring purposes.
Answer
  • 11
  • 12
  • 27
  • 15

Question 49

Question
Which of the following combinations are not correct. A. CRILC -5cr + B. CRILC (Fraud) - 50 Cr + C. CDR 10 Cr + D. JLF - 100 Cr+ E. S4A- 500 Cr+ F. O.C. - 500 Cr+ G. IBC -5000 Cr+
Answer
  • All combinations are correct
  • A and B should interchange amounts, others correct
  • ONLY D is incorrect

Question 50

Question
FSU coordinated stress testing of banks through Financial sector assessment programme (FSAP) conducted by...
Answer
  • IMF
  • World Bank
  • IMF and World BANK jointly

Question 51

Question
IBC's institutional infrastructure comprises 4 pillars, which is not one of them...
Answer
  • insolvency professionals
  • information utilities
  • adjudicating authorities like NCLT and DRTs
  • IBBI
  • all of the above are pillars

Question 52

Question
On liquidation, priority of distribution of proceeds will be given to costs of insolvency then workmen's dues for the preceding ............months, finally government's dues.
Answer
  • 24
  • 30
  • 12

Question 53

Question
Large exposures framework is effective from.................where as exposure of CCP's and IND AS are effective from.......
Answer
  • Apr 1, 2019 and Apr 1, 2018
  • Apr 1, 2018 all
  • Apr 1, 2019 , apr 1, 2021
  • Apr 1, 2021, Apr 1, 2018

Question 54

Question
Fixed deposits accepted by IBUs from non-banks cannot be repaid prematurely within .................year.
Answer
  • 1
  • 2
  • 3
  • 5

Question 55

Question
As per the IND AS guidelines, .........1 ......, ......2...... .....3.......expected credit loss (ECLs) are recognized for stage 1,stage 2 and stage 3 respectively.
Answer
  • 12 months, lifetime and lifetime
  • lifetime, 12 months, lifetime
  • 24 months life time, lifetime

Question 56

Question
Wholesale and long term finance banks will NOT have Which of the following characteristics.....
Answer
  • initial min capital of RS 10 billion
  • negligible lending exposure
  • no saving accounts, term deposits of above Rs 100 million
  • exemption from SLR
  • Exemption from Mandatory rural presence and PSL
  • all Are the characteristics.

Question 57

Question
Banking ombudsman for NBFCs is proposed under SEC 45 L of RBI act. which of the following NBFCs will not come under the scheme...
Answer
  • ARC
  • IFC
  • IDF
  • NBFC Factor
  • CIC
  • all ABOVE will not come under the purview of the BO

Question 58

Question
the..........will subsume DICGC under The financial resolution and deposit insurance bill, 2017
Answer
  • Resolution Corporation
  • Financial resolution corporation
  • DICGC 2
  • Deposit corporation

Question 59

Question
Nodal agency for CLSS is NHB and implementing agency for the same is/are...?
Answer
  • SIDBI
  • NABARD
  • Both SIDBI and Nabard
  • MoF

Question 60

Question
CSF and GRF (consolidated sinking fund and guarantee redemption fund) are risk management measures to be maintained by....
Answer
  • States
  • Central govt
  • NABARD
  • SEBI

Question 61

Question
Reserve Bank adopts ...........model for distribution of the bank notes across the country where as it adopts .........model for estimation of demand for the currency.
Answer
  • Hub and spoke , econometric
  • econometric, hub and spoke
  • econometric models in both
  • hub and spoke model in both

Question 62

Question
Who designs the proforma for collection of Fake Indian Currency Note (FICN)...?
Answer
  • Respective banks
  • RBI
  • National Crime Records Bureau (NCRB), Ministry of home affairs
  • Ministry of Finance

Question 63

Question
The total expenditure incurred on security printing stood at RS.....Billion for the July 16- June 17.
Answer
  • 79.65
  • 34.2
  • 80.00

Question 64

Question
High level steering committee on indigenisation of security features of bank notes under chairman ship of........was formed.
Answer
  • R Gandhi
  • s s mundra
  • vishwanathan
  • r rajen

Question 65

Question
There are............MCIR cheque processing centre location in the country as of now.
Answer
  • nil or zero
  • 127
  • 27
  • 12

Question 66

Question
up to June 2017, ...........entities including banks and non banks were granted in principle approval to BBPOU.
Answer
  • 70
  • 72
  • 75

Question 67

Question
The e-receipt and e-payments system have been adopted by ..................and..............state governments respectively by end june 17.
Answer
  • 14,8
  • 8,14
  • 12,8

Question 68

Question
............is the chairman of IT Sub committee
Answer
  • Natarajan Chandrasekaran
  • Mnish Sbharwal
  • Rajiv Kumar
  • Bharat Doshi

Question 69

Question
Which of the following is not true about allocation of funds by RBI... A) ReBIT and ADF - 0.50 Billion RS each B) NHB and BRBNPL - 10 Billion RS each C) Contingency fund - 131.40 Billion Rs D) National industrial / Rural / Housing credit - 10 million each. E) Dr B. R. Ambedkar fund - RS 0.01 billion
Answer
  • All are correct
  • exchange B with D, remaining correct

Question 70

Question
.............represents the amount set aside on a year to year basis for meeting unexpected and unforeseen contingencies.
Answer
  • Contingency fund
  • CSF
  • GRF

Question 71

Question
Meetings of the A) Central Board - 6 in a year (at least 1 in each quarter) B) Joint mechanism - half yearly C) MPC - at least 4 in a year D) BFS - Monthly
Answer
  • B is wrong..it should be as and when required
  • all are correct
  • D is wrong, it should be quarterly.
  • B and D are wrog

Question 72

Question
As per the RBI act, foreign currency and foreign exchange are defined under.....
Answer
  • FERA
  • FEMA
  • FERA and FEMA as per amended act

Question 73

Question
Regional Rural Bank is defined under
Answer
  • RRB act
  • NABARD ACT
  • BR act
  • RBI ACT

Question 74

Question
How many directors are appointed by Central govt in central board.?
Answer
  • 5
  • 4
  • 1
  • 21
  • 16

Question 75

Question
RBI can make loans to Warehouse corporation repayable on demand or on the expiry of ...........days against securities of govt.
Answer
  • 90
  • 180
  • 270
  • not mentioned

Question 76

Question
Ways means and advances are granted to ..........in terms of section 17(5) of the RBI act.
Answer
  • Central and State govts
  • union territories
  • central govt only
  • public sector undertakings

Question 77

Question
there are............chapters and ......schedules in RBI ACT.
Answer
  • 5, 2
  • 5,5
  • 8,3
  • 6,3

Question 78

Question
RBI can direct exclusion of the scheduled bank form the second schedule if the aggregate deposits and reserves fall below...
Answer
  • 300 cr
  • 1 cr
  • 100 cr
  • 5 lakh

Question 79

Question
The official directors of the Reserve bank are
Answer
  • Governor and not more than four deputy governors
  • GOI nominees
  • local board mebers
  • executive directors

Question 80

Question
under chapter IIIB of the RBI ACT, Deposit includes
Answer
  • amounts received from a scheduled bank
  • amounts raised by way of share capital
  • subscription in respect of a chit fund
  • NOTA

Question 81

Question
The BFS oversees the functioning of
Answer
  • DBS, DNBS, Financial institutions, division and gives directions on the regulatory sans supervisory issues
  • DBS, DEIO, IDMD
  • ALL the specialized departments
  • commercial and co-operative banks and their boards

Question 82

Question
RBI can be liquidated
Answer
  • in the manner provided in the companies act
  • only by an order passed by high court
  • if so decided by central board of directors
  • NOTA

Question 83

Question
Is a NBFC accepting deposits required to maintain % of assets in approved securities under the RBI act??
Answer
  • yes
  • no
  • only Non deposit accepting NBFCs need to maintain
  • NOTA

Question 84

Question
Export credit refinance extended by Bank to schedule banks is repayable
Answer
  • on demand only
  • on demand or up to period of 90 days
  • nota
  • on demand or up to period of 180 days

Question 85

Question
RBI can act as a agent for specified businesses for any of the following except....
Answer
  • Central or state govts
  • local authorities
  • government of a foreign countr
  • any person approved by central govt
  • for all of the above it can act as a agent

Question 86

Question
CRR is imposed on the scheduled banks having regard to
Answer
  • monetary stability of the country
  • depositors interest
  • credit needs of the economy
  • public interest

Question 87

Question
the clean note policy and the note refund rules are envisaged under sections.....and ....of the RBI ACT
Answer
  • 27 , 28
  • 28,27
  • 27,58
  • 58,27

Question 88

Question
Who can issue promissory note payable on demand..
Answer
  • RBI
  • CENTRAL GOVT
  • Commercial banks
  • all the above
  • RBI and central govt only

Question 89

Question
how much gold coin and bullion held as assets of issue department can be held abroad...
Answer
  • up to 85%
  • up to 15%
  • up to 50%
  • on RBI's descretion

Question 90

Question
the liabilities of issue department are
Answer
  • total of the bank notes in circulation for time being
  • total of the currency of the GOI
  • both above

Question 91

Question
Which of the following WILL NOT invalidate the proceedings of monetary policy committee
Answer
  • A) Vacancy or defect in constitution of MPC
  • B) Defect in appointment of members
  • C) irregularity in procedures
  • A B C Only

Question 92

Question
the amount of loan granted to warehousing corp against bonds and debentures issued by the corporation shall not any time exceed in the aggregate.........in case of central ware housing corporation AND ........in case of state warehousing corporation
Answer
  • 3 Crore and 50 lakh
  • 50 Crore and 3 lakh
  • 3 Lakh and 50 Crore

Question 93

Question
RBI can make loan to scheduled bank or state co op bank against promissory notes of such banks, repayable on demand or on the expiry of fixed periods not exceeding .............days.
Answer
  • 180 days
  • 6 months
  • 90 days
  • RBI cant grant loans to Scheduled bank or State co op bank

Question 94

Question
Which of the following penalty can be imposed by RBI on non maintenance of CRR.?
Answer
  • 3% FINE above Bank rate above short amount
  • 5% FINE above Bank rate above short amount
  • 500 Rs FINE to every director, mgr, secy.
  • Prohibit from receiving deposits
  • 100 Rs FINE per day
  • All above excluding 100 RS FINE per day

Question 95

Question
Company shall , within...........months of fulfilling the requirement of net owned fund , inform to RBI about such fulfillment.
Answer
  • 3 months
  • 6 months
  • 1 month

Question 96

Question
Who can issue demand bills and notes?
Answer
  • A) RBI
  • B) Central Govt
  • C) Any other person, authorized by Central govt in this behalf
  • D) A and B only
  • E) A, B and C

Question 97

Question
in the event of failure of NBFC to pay the sum within 30 days, may be levied on a direction made by the.............having jurisdiction in the area where registered office or head office of company is situated.
Answer
  • A) Principle civil court
  • B) Metropolitan Magistrate
  • C) Judicial Magistrate of first class or a court superior there to
  • D) both B and C

Question 98

Question
if a person contravenes section 45E by disclosing the credit information, he shall be punishable to imprisonment which may extend to .........or with fine which may extend to .........or with both.
Answer
  • 6 months, 1000
  • 3 years, 2000
  • 6 months, 2000
  • 2 years, 2000

Question 99

Question
................can permit a Governor or a Deputy Governor to undertake a honorary part time work.
Answer
  • Central Board
  • Central Govt
  • Central Board in consultation with central Govt
  • Governor and DG needs to devote their whole time to affairs of RBI only, so its not allowed

Question 100

Question
........is a rate at which RBI is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under RBI act.
Answer
  • Bank Rate
  • Base Rate
  • Repo Rate
  • Reverse Repo Rate
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