money supply, banking & financial institutions section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6

Which of the following are the provisions of the SARFAESI Act which enables banks to reduce their non-performing assets (NPAs)?

1. Enforcement of Security interests by secured creditors (Banks/ Financial Institutions).
2. Transfer of non-performing assets to asset reconstruction company which will then dispose of those assets and realise the proceeds.
3. To provide a legal framework for securitization of assets.
4. Assisting banks in making the credibility track record of customers under the Credit Information Bureau of India (CIBIL).

a) 1, 2 and 3

b) 1 and 2

c) 2, 3 and 4

d) 1, 2, 3 and 4

Question : 7 [SSC SO 2005]

Bull and bear are related to which commercial activity ?

a) International trade

b) Stock market

c) Banking

d) E-commerce

Question : 8 [SSC CML 2002]

A speculator who enters into a purchase transaction with a view to sell in the near future when the price would have risen is called a

a) Bison

b) Boar

c) Bear

d) Bull

Question : 9 [SSC CGL 2016]

The rate of tax increase as the amount of the tax base increases is called

a) Regressive tax

b) Degressive tax

c) Proportional tax

d) Progressive tax

Question : 10

Prime Minister, on 8th of Nov 2016, declared that the existing Rs. 500 and Rs. 1000 notes will not be legal tender. This was done under which of the following Act.

a) Banking regulation Act 1949

b) Payment and Settlement Systems Act 2007

c) RBI Act 1934

d) Does not require any statutory backing