Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
Dear students,
1. In the comments section, share your score and also let everyone know the logic you’ve used to mark certain answers. This will trigger intelligent discussions benefitting everyone.
2. Completing the test should be your top priority. Focus on accuracy rather than simply attempting more questions. Give enough thought to each question, we have increased the time limit so you can do this.
3. At the end of the test, click on ‘View Questions’ button to check the solutions.
*You can attempt the test multiple times for your own practice but only your first attempt will be counted for rankings.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly.
Time has elapsed
You have reached 0 of 0 points (0).
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
1 pointsRecently the RBI decided to introduce Long Term Repo (LTRO), consider the following statements about it-
- RBI will conduct long-term repos of 1 and 3-year tenor.
- The total amount for which it will be carried out is 1 lakh crore.
- The move will help in better monitory policy transmission.
- RBI is the first Central Bank in the world to offer LTRO.
Which of the above is not correct?
Correct
https://indianexpress.com/article/business/economy/rbi-to-introduce-long-term-repo-to-boost-monetary-transmission-6254994/
https://www.bloombergquint.com/business/rbis-long-term-repo-operations-seen-as-stealth-move-to-bring-down-rates
The Reserve Bank of India (RBI) has decided to introduce long-term repo operations (LTRO) to facilitate the transmission of monetary policy actions and flow of credit to the economy. The central bank will conduct long-term repos of one- and three-year tenors of appropriate sizes for up to a total amount of Rs 1,00,000 crore at the policy repo rate from the fortnight beginning February 15, 2020.
The RBI has emulated the ECB (European Central Bank) action by introducing “long-term repo.Incorrect
https://indianexpress.com/article/business/economy/rbi-to-introduce-long-term-repo-to-boost-monetary-transmission-6254994/
https://www.bloombergquint.com/business/rbis-long-term-repo-operations-seen-as-stealth-move-to-bring-down-rates
The Reserve Bank of India (RBI) has decided to introduce long-term repo operations (LTRO) to facilitate the transmission of monetary policy actions and flow of credit to the economy. The central bank will conduct long-term repos of one- and three-year tenors of appropriate sizes for up to a total amount of Rs 1,00,000 crore at the policy repo rate from the fortnight beginning February 15, 2020.
The RBI has emulated the ECB (European Central Bank) action by introducing “long-term repo. -
Question 2 of 5
2. Question
1 pointsWith the current value of Cash Reserve Ratio (CRR) set by the RBI at 4%, what will the value of money multiplier?
- 0.25
- 2.5
- 25
- 250
Correct
https://indianexpress.com/article/business/economy/crr-dispensation-to-boost-retail-loans-6255004/
In simple terms, injecting Rs. 100 in the economy with CRR will create deposits of Rs.2500 as a result of the money multiplier effect.
Money Multiplier = 1/CRR.
Incorrect
https://indianexpress.com/article/business/economy/crr-dispensation-to-boost-retail-loans-6255004/
In simple terms, injecting Rs. 100 in the economy with CRR will create deposits of Rs.2500 as a result of the money multiplier effect.
Money Multiplier = 1/CRR.
-
Question 3 of 5
3. Question
1 pointsConsider the following statements about the Deposit Insurance and Credit Guarantee Corporation (DICGC)-
- The Corporation insures bank deposits such as savings, fixed, current and recurring deposits.
- Deposit Insurance coverage has been increased from 1 lakh to 5 lakh in the Budget 20-21.
- Premium paid by the banks at present is 15 paise per Rs.100.
- DICGC is an RBI subsidiary.
Which of the above is not correct?
Correct
The premium to be paid by banks to the Deposit Insurance and Credit Guarantee Corporation (DICGC), following the five-fold hike in deposit insurance to Rs 5 lakh from Rs 1 lakh, is set to rise by 20 per cent.
Reserve Bank Deputy Governor B P Kanungo on Thursday said the premium will increase from 10 paise to 12 paisa per Rs 100 for the time being.
DICGC is an RBI subsidiary.
Incorrect
The premium to be paid by banks to the Deposit Insurance and Credit Guarantee Corporation (DICGC), following the five-fold hike in deposit insurance to Rs 5 lakh from Rs 1 lakh, is set to rise by 20 per cent.
Reserve Bank Deputy Governor B P Kanungo on Thursday said the premium will increase from 10 paise to 12 paisa per Rs 100 for the time being.
DICGC is an RBI subsidiary.
-
Question 4 of 5
4. Question
1 pointsConsider the following statements about the Lucknow Declaration adopted by India and the African nations-
- It was adopted by 50 African nations.
- It includes collaboration on peace and security.
Which of the above statements is/are correct?
Correct
India and 50 African countries adopted the ‘Lucknow Declaration’ on Thursday, at the first India – Africa Defence Minister’s Conclave held on the sidelines of the ongoing DefExpo in Lucknow.
The ‘Lucknow Declaration’ states that all the signatories “commit to continue our collaboration in the fields of peace and security including conflict prevention, resolution, management and peace building through exchange of expertise and training, strengthening regional and continental early warning capacities and mechanisms, enhancing the role of women in peace keeping and propagating the culture of peace”.
Incorrect
India and 50 African countries adopted the ‘Lucknow Declaration’ on Thursday, at the first India – Africa Defence Minister’s Conclave held on the sidelines of the ongoing DefExpo in Lucknow.
The ‘Lucknow Declaration’ states that all the signatories “commit to continue our collaboration in the fields of peace and security including conflict prevention, resolution, management and peace building through exchange of expertise and training, strengthening regional and continental early warning capacities and mechanisms, enhancing the role of women in peace keeping and propagating the culture of peace”.
-
Question 5 of 5
5. Question
1 points- From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
- The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
- In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.
Select the correct answer using the code given below:
Correct
The stated objective of the Second five-year plan was rapid industrialisation with particular emphasis on the development of basic and heavy industries – aimed at establishing the Socialistic Pattern of Society.
The fourth five-year plan emphasised on the reduction of the concentration of incomes, wealth and economic power to achieve social equality and justice.
The fifth five-year plan aimed at the removal of poverty and achievement of self-reliance. The Eighth Plan focussed on Financial sector reforms.
Incorrect
The stated objective of the Second five-year plan was rapid industrialisation with particular emphasis on the development of basic and heavy industries – aimed at establishing the Socialistic Pattern of Society.
The fourth five-year plan emphasised on the reduction of the concentration of incomes, wealth and economic power to achieve social equality and justice.
The fifth five-year plan aimed at the removal of poverty and achievement of self-reliance. The Eighth Plan focussed on Financial sector reforms.
Results
3 of 5 questions answered correctly
You have reached 3 of 5 points, (60%)