MCQ for test-15-6-december-2023

Consider the following statements with reference to Asset Reconstruction Companies (ARCs):

1. ARCs are registered under the RBI and regulated under the SARFAESI Act, 2002.

2. ARCs can take over secured debts classified as non-performing assets (NPA).

3. ARCs must have a minimum net-owned corpus of Rs 100 crore.

Which of the statements given above are correct?

Consider the following statements with reference to Cooperative banks:

1. The Cooperative banks are owned by the Central, State governments and the Sponsor Bank in the ratio 50:15:35.

2. The Reserve Bank of India does not regulate the Primary Agricultural Credit Societies.

Which of the statements given above is/are not correct?

The deposit insurance facility is applicable to which of the following categories of financial institutions in India?

1. Cooperative Banks

2. Payment Banks

3. Local Area Banks

4. Non-Banking Financial Companies

Select the correct answer using the code given below:

Consider the following statements with reference to ‘Willful Defaulters’:

1. The banks are required to submit details of the willful defaulters if the outstanding amount is Rs.25 lakh and above.

2. Both individuals and companies can be classified as willful defaulters.

Which of the statements given above is/are correct?

Consider the following statements with reference to Deposit Insurance and Credit Guarantee Corporation (DICGC):

1. It is a statutory body and a wholly-owned subsidiary of the Reserve Bank of India.

2. The maximum deposit amount insured by the DICGC is Rs. 5 lakhs.

3. All Cooperative Banks and Primary Cooperative Societies are insured by the DICGC.

Which of the statements given above is/are correct?

Consider the following statements with reference to Society for Worldwide Interbank Financial Telecommunication (SWIFT):

1. It is a network that transfers money between global entities located in different jurisdictions.

2. Only the Banks affiliated to their country’s Central Banks are eligible to become members of the SWIFT.

Which of the statements given above is/are correct?

Consider the following statements with reference to Nidhi Companies:

1. They are exempted from the maintenance of a certain percentage of assets in liquid form.

2. They are classified as Non-Banking Financial Companies (NBFC) in India.

3. They are subjected to dual regulation of the Reserve Bank of India and Ministry of Corporate Affairs.

Which of the statements given above is/are correct?

Consider the following regarding Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA):

1. It is an umbrella scheme aimed at ensuring remunerative prices to the farmers for certain produce.

2. It facilitates private procurement for all crops for which MSP is fixed by the Government.  

3. Under its Price Deficiency Payment Scheme, the difference between the MSP and actual selling price is directly paid into the farmer's bank account.

Which of the statements given above is/are correct?

Consider the following statements with reference to Helicopter money:

1. It involves increasing money supply in an economy by purchasing Government securities.

2. It can lead to devaluation of domestic currency against foreign currencies.

3. It does not increase the prevailing debt levels of the Government.

Which of the statements given above are correct?

Consider the following statements with reference to gilt-edged instruments in India:

1. Retail investors are not permitted to invest in gilt bonds.

2. If Reserve Bank of India adopts a tight monetary policy, the yields of gilt bonds fall.

3. Gilt funds must invest at least 80% of their assets in government securities.

Which of the statements given above is/are correct?

With reference to Stablecoins, consider the following statements:

1. They are cryptocurrencies backed by a reserve asset like fiat currency or a commodity.

2. Unlike bitcoins, they cannot be used as a collateral to get loans.

3. Their value is based on people’s trust in the company holding collateral assets.

Which of the statements given above are correct?

Consider the following statements:

1. Decrease in the Cash Reserve Ratio results in a decline in the borrowing cost of funds.

2. Increase in Reverse Repo Rate will discourage banks from depositing surplus with the Central Bank.

3. Decrease in Statutory Liquidity Ratio leads to a decline in interest rate.

4. Selling of government securities by the Central Bank results in inflation in the economy.

Which of the statements given above are correct?

Consider the following statements with reference to Tsunami:

1. These are the waves generated by the tremors and not an earthquake in itself.

2. 80 percent of the tsunamis happen within the Indian Ocean.

3.  When these waves enter shallower water they slow down and begin to grow in energy and height.

Which of the statements given above is/are correct?

Consider the following statements:

1. Volcanic eruptions release iron into the water that can boost the growth of blue-green algae.

2. Volcanic emissions reaching the stratosphere can have a cooling effect on

global temperatures.

3. Erupting volcanoes can cause lightning.

4. Sulphur dioxide emissions from volcanoes are responsible for pollution in North India.

Which of the statements given above are correct?

Consider the following:

Which of the pairs given above is/are correctly matched?

Consider the following statements with reference to Lavas:

1. In contrast to acid lavas, basic lavas are hotter, more viscous, and flow quite slowly.

2. The only volcano known to spew out carbonatite black lava is Tanzania's 'Ol Doinyo Lengai.'

Which of the statements given above is/are correct?

Consider the following statements with reference to the Circum-Pacific Belt:

1. It is estimated to include around two-third of the world’s volcanoes.

2. It is a direct result of collision and destruction of plate boundaries.

3. It surrounds several tectonic plates including Juan de Fuca, Cocos, and Nazca plates.

Which of the statements given above is/are correct?

The Indus-Yarlung Suture Zone (IYSZ) is located between India and:

Consider the following statements with reference to geomorphic processes:

1. Diastrophism encompasses all processes that move, elevate, or build up portions of the earth's crust.

2. Epeirogenic processes involve mountain formation via severe folding and affect long and narrow belts of the earth's crust.

3. Orogenic processes involving uplift or warping of large parts of the earth’s crust.

Which of the statements given above is/are correct?

Consider the following statements with reference to trojan asteroids:

1. Trojan asteroids share an orbit with a larger planet.

2. Earth has the highest number of trojan asteroids.

3. Trojan asteroids are located in Lagrange points.

Which of the statements given above are correct?

Consider the following statements with reference to the Asteroid belt:

1. It is located between the orbits of the planets Earth and Mars.

2. Titan is the largest asteroid in the asteroid belt.

3. DAVINCI+ is the first US-led mission to study the Asteroid belt.

Which of the statements above is/are not correct?

Consider the following statements with reference to tsunamis:

1. It radiates outward in all directions from its source.

2. Its speed depends on the depth of the water it is travelling through.

3. Its wavelength shortens but height grows as it reaches near the shoreline.

Which of the statements given above is/are correct?

Which of the following statements correctly describes the phenomenon of "slumping"?

Consider the following statements:

1. In contrast to SLR, a long-term tool, CRR is a short-term liquidity management tool.

2. Cooperative Banks are subject to CRR and SLR requirements just like the other banks.

3. RBI cannot fix CRR lower than the minimum ceiling of 3%.

Which of the statements given above is/are correct?

Consider the following statements with reference to Monetary Policy Committee (MPC):

1. It is a statutory body set up as per the RBI Act 1934.

2. Members of the MPC are appointed for four years and are eligible for reappointment.

3. It is in charge of determining the various policy rates, such as MSF, Repo Rate, Reverse Repo Rate, and Liquidity Adjustment Facility.

Which of the statements given above are correct?