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

Question : 11 [UPSC (Pre) 2018]

With reference to the governance of public sector banking in India, consider the following statements.

1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.

a) Only 2

b) Neither 1 nor 2

c) Both 1 and 2

d) Only 1

Question : 12

Consider the following statements regarding the recent amendments done in IBC 2016:

1. It is applicable for corporate debtor and corporate guarantor
2. New management is ringfenced from offences committed by the erstwhile management

a) (ii) only

b) Both (i) & (ii)

c) (i) only

d) Neither (i) nor (ii)

Question : 13

Convertibility of rupee implies:

a) allowing the value of rupee to be fixed by market forces

b) being able to convert rupee notes into gold

c) freely permitting the conversion of rupee to other currencies and vice versa

d) developing an international market for currencies in India

Question : 14

Open market Operation by RBI are the part of its :

a) Fiscal Policy

b) Income Policy

c) Credit Policy

d) Monetary Policy

Question : 15

Consider the following statements regarding the recently launched “India Post Payment Bank”:

1. It allows demand and fixed deposit both
2. It allows savings and current accounts both
3. It is a public sector company

a) (i) & (iii)

b) (ii) & (iii) only

c) (i) only

d) None of the above