Response Report

Name of the Candidate : S PALANIAPPAN

Membership No. : 585507
Mock Test Date : 09-06-2024

S.No Question Response Correct Answer

Which famous economist advocated that the rate of interest is purely a

1 monetary phenomenon and is determined by demand for money and supply J M Keynes J M Keynes
of money?

Which of the following parameters was the maximum improvement seen in

2 Digitisation PSBs as Udyami mitras for SMEs
PSU Banks in EASE 2.0?

What is the amount the Government of India committed to NaBFID in its

3 Rs 5,000 crs Rs 5,000 crs
first year of operation?

Integrated Treasury is an outcome of the interconnectedness of the money

and forex markets. Do such treasuries have a number of important
functions, including which of the following?
I. Arbitrage
4 II, III and IV only All I, II, III and IV
II. Risk management
III. Asset liability management
IV. Liquidity management
(Please choose the correct option from (a to d) below:)

In terms of Section 45-IA of the RBI Act, what is the minimum amount of
5 Rs. 2 crores Rs. 2 crores
Net Owned Funds that an NBFC should have?

Study the following options and identify the causative factor for low capital
6 Increased saving ability of the people Inflationary trends
formation in an economy?

7 Name the operating principle of NITI Aayog? Cooperative federalism Cooperative federalism

Which of the following does not qualify as an eligible asset for maintenance
8 Corporate bonds with AAA rating Corporate bonds with AAA rating
of Statutory Liquidity Ratio (SLR)?

In order to achieve its objectives, RBI uses a framework which is known as -

9 Conglomerate approach Multiple indicator approach
---------------?

Money accepted from customers constitute which part of the banks' balance
10 Liabilities Liabilities
sheets?

Which insurance policy with the following Institute Cargo Clauses has
11 Institute Cargo Clause A Institute Cargo Clause A
maximum risk coverage?

Which of the following factors can lead to a delay in passing policy rates into
12 Rigidity in re-pricing of deposits Rigidity in re-pricing of deposits
the financial markets?

What do you mean by INDC (Intended Nationally Determined Contributions) Intended contributions for reduction Intended contributions for reduction
13
under the UN Framework Convention on climate change? in greenhouse gas emission in greenhouse gas emission

Before setting up the RBI, the central banking functions were performed by
14 Imperial Bank of India Imperial Bank of India
which of the following?

15 From among the following which one is dealt with by the microeconomics? Theory of income and employment Product pricing

16 In which version of EASE was Smart Lending for Aspiring India a parameter? EASE 3.0 EASE 3.0

Regional Rural Banks were established with a number of objectives in mind,

including which of the following?
I. To restrict the outflow of rural deposits to urban areas
17 II. To bridge the credit gaps in rural areas. I and II only I, II and IV only
III. To introduce foreign exchange transactions in rural areas
IV. To enhance employment generation activities
(Select the most appropriate option from (a to d) below:)

There are a number of financial sector regulators, that include which of the
following?
I. Ministry of Finance
18 II. Pension Fund Regulatory and Development Authority All I, II, III and IV II and IV only
III. Central Board of Indirect Taxes and Customs
IV. Securities and Exchange Board of India
(Choose the correct option from (a to d) below:)

A large number of entities are regulated by RBI, including which of the

following?
I. Regional Rural Banks
19 II. Merchant Banks I, III and IV only I, III and IV only
III. Urban Cooperative Banks
IV. Small Finance Banks
(Choose the correct option from (a to d) below:)

20 The IFCI was instrumental in setting up and development a number of I, III and IV only I, II and IV only
institutions in the country, including which of the following?
I. Management Development Institute
II. Tourism Finance Corporation of India
 III. Unit Trust of India
IV. National Stock Exchange Ltd.
Which of the following options (a to d) is the most appropriate answer?

FIIs do not make much of

significance to the stock market as FIIs facilitate enhancing the flow of
21 Identify the correct statement based on the characteristics of FIIs?
their buying and selling operations capital in the country
are always balanced

RBI's framework for revival and rehabilitation of MSMEs is applicable to

22 10 crore 25 crore
MSMEs having loan limit of ___________

India's infrastructure sector is run by several different types of

organisations, including which of the following?
I. Government
23 II. NGOs I and IV only I and III only
III. Private sector
IV. Cooperative sector.
Which of the following options (a to d) is correct?

Help to resolve balance of payment Help to resolve balance of payment

24 Identify the main function of the International Monetary Fund?
crisis of member nations crisis of member nations

Which Committee/Group reviewed the working of the Marginal Cost of Sub- Committee of the Monetary
Funds based Lending Rate (MCLR) System and recommended adoption of Policy Committee under the Internal Study Group headed by Dr.
25
external bench mark- based lending rate by banks for the new floating rate chairmanship of Mr. Michael Patra, Janak Raj, Executive Director, RBI
retail loans /MSME loans? Deputy Governor RBI

Which of the following banks was the immediate precursor to the State
26 Imperial Bank of India Imperial Bank of India
Bank of India?

27 In 1980, how many banks were nationalised? 6 6

In 1969, all private banks with deposits of Rs. ----- and above were
28 Rs. 25 crs Rs. 50 crs
nationalised. Fill in the blank with the correct number.

REITs must pay out 90% of their profits to investors in the form of
29 Dividend Dividend
___________.

The Owned Funds of an NBFC consists of a number of elements, excluding

30 Compulsorily Preference Shares Redeemable Preference Shares
which of the following?

NBFCs are categorised into a number of types, depending upon their profile.
These categories include which of the following?
I. Asset based
31 II. Liability based II, III and IV only II, III and IV only
III. Activity based
IV. Size based
(Select the most appropriate option from (a to d) below:)

Currently, GOI has notified as 4 per Currently, GOI has notified as 4 per
Study the following statements and identify the true statement taking into
32 cent Consumer Price Index inflation, cent Consumer Price Index inflation,
account the monetary framework?
as target for the current period as target for the current period

Which of the following is/are true concerning an Insurance Repository?

I. The repository acts as a single stop for several policy service
requirements.
II. The objective of creating an insurance repository is to provide
33 policyholders with a facility to hold insurance policies in electronic form I, II, and IV only I, II, and IV only
III. All services provided by insurance repositories at nominal charges
IV. The insurance repository system also brings about transparency in
issuing and maintaining insurance policies.
(Choose the appropriate option from (a to d) below:)

When banks were nationalised in 1969, what was the cut-off amount of
34 Rs. 100 crores Rs. 50 crores
deposits for their identification for nationalisation?

What is the maximum loan limit considered under the Shishu loan product
35 Rs. 0.50 lakh Rs. 0.50 lakh
covered by the PMMY program?

Study the following measures and identify the one which can be recognized Dismantling of the administrative
36 Disinvestments
as a component of the Factor Market Reform? price mechanism

Infrastructure project financing is identified by several characteristics,

including which of the following?
I. Availability of adequate collateral security
37 II. Large amounts II, III and IV only II, III and IV only
III. Higher risk
IV. Longer maturity.
Which of the following options is correct?

Receivables Exchange of India Ltd (RXIL) which operates TReDS is a joint

38 SIDBI and NSE SIDBI and NSE
venture between ____________

group of nations forming alliance

with another group of nations and Requiring a country to extend the
39 What do you mean by the most favoured nation in the WTO rules? indulge in trade and explore same trade terms to all trading
possibilities of netting the export and partners
import

Deals with aggregate demand and

40 Which is true with the microeconomics? Bottom- up view
supply

Which program does not form part of the National Mission on Sustainable Atal Mission for Rejuvenation and Agricultural Mechanization for In-Situ
41
Habitat launched by GOI? Urban Transformation (AMRUT) Management of Crop
 The Division for Inclusive Social
Political Committee appointed by the
Who is responsible for the preparation of the SDG report for the purpose of Development (DISD) of the UN
42 UN with the approval of the member
review by UN and utilisation thereof by the UN member countries? Department of Economic and Social
nations
Affairs

Government stake in the insurance Mandatory Investments of LIC Life

Which of the following was a recommendation of the R N Malhotra
43 Companies to be brought down to Funds in government securities are
Committee?
49%. to be reduced from 75% to 50%.

Co-operative Banks are permitted to borrow up to what percentage of their

44 2.0% 2.0%
aggregate deposits, in the call market?

Increase in the fiscal deficit shall

Public investment shall boost growth
help boosting the sluggish
45 From the growth perspective of an economy which statement is true? and provide the right infrastructure
economies, especially the economies
to promote private investment
of the developing countries

Handholding support through

Help exporters in identifying the
46 What is envisaged under the Niryat Bandhu Scheme of GOI? counselling and training for
importers located abroad
prospective exporters

Method by which, GDP is arrived, Method by which, GDP is arrived,

47 What do you mean by the term "Green GDP"? taking into account the taking into account the
environmental issues environmental issues

48 Which of the following is not a significant risk of investing in InvITs? Asset Risk Stock Market Risk

While one type of system in the financial environment is the formal one,
49 Informal Informal
which of the following is the other one?

Publicly traded REITs are regulated by ________ and listed on the

50 SEBI, NSE SEBI, NSE
______________ .

In terms of IRDAI's regulations for micro insurance, life and non-life

insurers, under their obligations to rural areas, are required to achieve year
wise targets, in a number of segments, including which of the following?
I. percentage of premium to gross profit of the insurers
51 II, III and IV only II, III and IV only
II. percentage of total gross premium income written
III. number of lives insured
IV. percentage of policies underwritten
(Choose the correct option from (a to d) below:)

Which of the following statements is incorrect with respect to Urban Most of them are permitted to deal Most of them are permitted to deal
52
Cooperative Banks? in foreign exchange. in foreign exchange.

Which is true with regard to the working of the Multilateral Investment Political risks are covered by the Political risks are covered by the
53
Guarantee Agency? guarantee issued by MIGA guarantee issued by MIGA

The capital market is a source of various types of funding avenues, including

which of the following?
I. Receivables
54 II. Equity II and III only II and III only
III. Debentures
IV. Sundry creditors
(Please choose the correct option from (a to d) below:)

55 IDBI Bank is classified as what type of bank? Private sector bank Private sector bank

Before the formation of SEBI, some of the regulatory functions for the
capital market were carried out by which of the following authority(ies)?
I. Controller of Capital Issues
56 II. National Company Law tribunal I, II, and IV only I and IV only
III. Reserve Bank of India
IV. Company Law Board
(Choose the correct option from (a to d) below:)

From among the following, which one can be called as an outcome of Disinvestment in Public Sector Disinvestment in Public Sector
57
privatization measure under the reform program? enterprises enterprises

Infrastructure financing is made through several different channels,

including which of the following?
I. Commercial banks
58 II. Cooperative banks All I, II, III and IV I, III and IV only
III. Development financial institutions
IV. Foreign direct investment.
Which of the following options (a to d) is correct?

What is the phenomenon whereby a smaller, private company acquires a

59 Reverse merger Reverse merger
larger, publicly listed company?

Mr Prakash was on his way to the office in his car when it was hit by a lorry,
and the lorry driver was drunk. Mr Prakash claimed compensation from the
60 insurance company and received a settlement. Having been paid the claim Subrogation Subrogation
amount, what is the principle that the insurance company can proceed
against the lorry driver?
Exit
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