What is e-Kuber?
Important Questions on Practice Test
Consider the following statements about Pradhan Mantri Mudra Yojana:
1. It seeks to offer refinance products having a loan requirement up to Rs 10 lakh and support to micro finance institutions (MFI) by way of refinance.
2. It aims to provide formal bank credit to the more than 5.7 crore existing informal sector micro enterprises.
3. PMMY are categorized into three buckets of finance named Shishu (loan up to Rs 50,000), Kishor (Rs 50,000 to Rs 5 lakh) and Tarun (Rs 5 lakh to Rs 10 lakh).
Which of the above mentioned statements is/are correct?
Consider the following statements regarding Financial Stability and Development Council (FSDC):
1. The council maintains macro prudential supervision of the economy including functioning of large financial conglomerates.
2. It addresses inter-regulatory coordination and financial sector development issues excluding the issues related to financial literacy and financial inclusion.
Which of the statements given above is/are NOT correct?
If domestic bank and foreign bank (more than 20 branches in India) does not meet its target of 40% credit in priority sector lending:
1. The remaining shortfall will go to Rural Infrastructure development fund in case of domestic bank and small enterprise development fund in case of foreign bank.
2. The shortfall in domestic bank is managed by SIDBI and in case of foreign bank, it is managed by NABARD.
Select the correct answer using the codes given below:
Consider the following statements:
1. Frictional unemployment is the time period between jobs when a worker is searching for, or transitioning from one job to another.
2. Structural unemployment occurs when there is a mismatch between the skills of the unemployed workers and the skills needed for the available jobs.
Which of the statements given above is/are true?
Consider the following statements:
Certificate of Deposits issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.
Commercial Paper is a bill of exchange issued by a company, as opposed to a Treasury bill, which is issued by the government.
Commercial Paper is a short-term unsecured promissory note issued by companies.
Which of the statements given above is/are correct?
What are the outcomes of High reserve ratio?
1. High cost of credit
2. Increase current account deficit
3. Increase Fiscal deficit
4. Decrease Export
5. Increase Business expansion
Select the correct answer using the codes given below:
