DAY 87Quick read
DAY 87
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Question 1 of 10
1. Question
2 pointsMatch the following banking terms with their meanings
Choose the correct answer using the codes given below
Correct
Incorrect
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Question 2 of 10
2. Question
2 pointsMatch the recommendations with the committees
Choose the correct answer using the codes given below
Correct
Incorrect
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Question 3 of 10
3. Question
2 pointsWhich of the following have been recommendations of the Injeti Srinivas committee?
1.Home buyers to be financial creditors, which will allow them to take defaulting builders to bankruptcy court.
2.Re-calibration of voting threshold: Committee of Creditors can decide on turnaround scheme / liquidation by 75% vote (up from 66%) for better decision making.
3.MSMEs are exempted from certain provisions of IBC (e.g. disqualification of promoters from resolution proceedings).Choose the correct answer using the codes given below
Correct
The voting threshold has been reduced to 66% and not increased, to speed up the decision making; Provision for withdrawal of application for Resolution of Corporate Insolvency has been provided; wilful defaulters, promoters/management of company having non-performing debt for over a year or disqualified directors have been prohibited from participating in the resolution process.
Incorrect
The voting threshold has been reduced to 66% and not increased, to speed up the decision making; Provision for withdrawal of application for Resolution of Corporate Insolvency has been provided; wilful defaulters, promoters/management of company having non-performing debt for over a year or disqualified directors have been prohibited from participating in the resolution process.
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Question 4 of 10
4. Question
2 pointsWhich of the following are part of 5 prong strategy under Project Sashakt?
1.Small and Medium Enterprise (SME) resolution approach
2.Bank-led resolution approach
3.Asset management company led resolution approach
4.Direct appeal to high court for creation of adjudicatory panelChoose the correct answer using the codes given below
Correct
The other 2 strategies are NCLT/IBC approach and creation of asset trading platform for trading of both performing and NPAs.
The plan can speed up the resolution as it doesn’t involve government interference & would entirely be led by banks. Further, it will bring in credible long-term external capital & create a market for assets. The project is aimed at helping the banks retain and recover the value of stressed assets and improve the credit culture & capacity in the long run.Incorrect
The other 2 strategies are NCLT/IBC approach and creation of asset trading platform for trading of both performing and NPAs.
The plan can speed up the resolution as it doesn’t involve government interference & would entirely be led by banks. Further, it will bring in credible long-term external capital & create a market for assets. The project is aimed at helping the banks retain and recover the value of stressed assets and improve the credit culture & capacity in the long run. -
Question 5 of 10
5. Question
2 pointsConsider the following statements about prompt corrective action by RBI
1.Invoked if NPAs rise above 10% (Asset Quality Review), Capital Adequacy Ratio (CAR) falls below 9%, Return on Assets (RoA) falls below 0.25% (i.e. low profitability).
2.RBI imposes several restrictions on the bank such as reducing capital expenditure other than technological upgrading, making dividend payments, borrowing from other banks.
Which of the above statements are true?Correct
The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism for banks that become undercapitalised due to poor asset quality, or vulnerable due to loss of profitability. The idea is to head off problems before they attain crisis proportions. Under the PCA, the RBI ‘s role is not just advisory in nature but it can also push for changes in banks that the RBI may consider necessary to reduce the stress on the balance sheet of banks. The impact of the move is likely to be painful in the short run due to the disruption it could cause to the banks under PCA. However, over the longer run, it is likely to improve the faith of the people in the banking system and also put greater pressure on banks to clean up their books at the earliest.When each threshold is breached, there are some steps that are mandatorily taken by the RBI and some are at the discretion.
Incorrect
The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism for banks that become undercapitalised due to poor asset quality, or vulnerable due to loss of profitability. The idea is to head off problems before they attain crisis proportions. Under the PCA, the RBI ‘s role is not just advisory in nature but it can also push for changes in banks that the RBI may consider necessary to reduce the stress on the balance sheet of banks. The impact of the move is likely to be painful in the short run due to the disruption it could cause to the banks under PCA. However, over the longer run, it is likely to improve the faith of the people in the banking system and also put greater pressure on banks to clean up their books at the earliest.When each threshold is breached, there are some steps that are mandatorily taken by the RBI and some are at the discretion.
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Question 6 of 10
6. Question
2 pointsWhich of the following statements are true about the KUSUM scheme?
1. It aims to promote 10,000 MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants.
2. It aims at Solarisation of 10 Lakh Grid-connected Solar Powered Agriculture Pumps.
3. Installation of 17.50 lakh standalone Solar Power panels to the identified households in rural areas.
Choose the correct answer using the codes given belowCorrect
The scheme aims at Installation of 17.50 lakh standalone Solar Powered Agriculture Pumps. Individual farmers will be supported to install standalone solar pumps of capacity up to 7.5 Horsepower (HP).
The power generated will be purchased by the DISCOMs at Feed in tariffs determined by respective SERC. The Scheme will have substantial environmental impact in terms of savings of CO2 emissions.Incorrect
The scheme aims at Installation of 17.50 lakh standalone Solar Powered Agriculture Pumps. Individual farmers will be supported to install standalone solar pumps of capacity up to 7.5 Horsepower (HP).
The power generated will be purchased by the DISCOMs at Feed in tariffs determined by respective SERC. The Scheme will have substantial environmental impact in terms of savings of CO2 emissions. -
Question 7 of 10
7. Question
2 pointsConsider the following statements about Blue economy
1.India recently hosted the first global conference on the sustainable blue economy. According to the World Bank, Blue Economy is the sustainable use of ocean resources for economic growth, improved livelihoods and jobs, while preserving the health of the ocean ecosystem.
2.Sagarmala Project, Coastal Economic Zones are some of the interventions to promote Blue economy. Sagarmala focuses on three pillars of development (i) supporting and enabling port-led development (ii) port infrastructure enhancement (iii) efficient evacuation to and from hinterland.Which of the above statements are true?
Correct
Sustainable Blue Economy Conference is the first global conference on the sustainable blue economy. It was convened by Kenya and co-hosted Canada and Japan.
India’s exclusive rights to explore poly-metallic nodules (PMNs) from seabed in Central Indian Ocean Basin (CIOB) have been extended by 5 years. India is also cooperating with Indian Ocean littoral countries and projecting itself as ‘net security provider’ to ensure a safe, secure and stable Indian Ocean RegionIncorrect
Sustainable Blue Economy Conference is the first global conference on the sustainable blue economy. It was convened by Kenya and co-hosted Canada and Japan.
India’s exclusive rights to explore poly-metallic nodules (PMNs) from seabed in Central Indian Ocean Basin (CIOB) have been extended by 5 years. India is also cooperating with Indian Ocean littoral countries and projecting itself as ‘net security provider’ to ensure a safe, secure and stable Indian Ocean Region -
Question 8 of 10
8. Question
2 pointsConsider the following statements about KISAN Rail
1.In line with the goal of doubling farmers’ incomes by 2022, the budget proposes that “To build a seamless national cold supply chain for perishables, inclusive of milk, meat and fish, the Indian Railways will set up a Kisan Rail.
2.Cold Storage Facilities for Perishables: ‘Temperature controlled perishable cargo centres; Reefer (Ventilated Insulated) Rail Containers are some of the initiatives being promoted.Which of the above statements are true?
Correct
KISAN Rail would be implemented through PPP arrangements. There shall be refrigerated coaches in Express and Freight trains as well. Approval has been granted to Central Railside Warehousing Corporation (CRWC) to develop temperature controlled storages at Fatuha and Mancheswar. Cold storage facilities have also been developed at Dadri. Fresh & Healthy Enterprise Ltd. (FHEL) has been redeveloped as Agriculture Logistic Center at Rai, Sonepat.
Incorrect
KISAN Rail would be implemented through PPP arrangements. There shall be refrigerated coaches in Express and Freight trains as well. Approval has been granted to Central Railside Warehousing Corporation (CRWC) to develop temperature controlled storages at Fatuha and Mancheswar. Cold storage facilities have also been developed at Dadri. Fresh & Healthy Enterprise Ltd. (FHEL) has been redeveloped as Agriculture Logistic Center at Rai, Sonepat.
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Question 9 of 10
9. Question
2 pointsArrange the following in ascending order of their contribution towards total receipts
1.Borrowings & Other Liabilities
2.Union Excise Duties
3.Goods and Service Tax
4.Income-Tax
Choose the correct answer using the codes given belowCorrect
Borrowings & Other Liabilities 20%; Corporation-Tax 18%; Goods and Service Tax 18%; Income-Tax 17%; Non-Tax Revenue 10%; Union Excise Duties 7%; Non-Debt Capital Receipts 6%; Customs 4%
Incorrect
Borrowings & Other Liabilities 20%; Corporation-Tax 18%; Goods and Service Tax 18%; Income-Tax 17%; Non-Tax Revenue 10%; Union Excise Duties 7%; Non-Debt Capital Receipts 6%; Customs 4%
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Question 10 of 10
10. Question
2 pointsArrange the following in ascending order of their share in total expenditure
1.Centrally Sponsored Scheme
2.Interest Payments
3.Subsidies
4.Defence
Choose the correct answer using the codes given belowCorrect
Pensions 6%; Subsidies 6%; Defence 8%; Centrally Sponsored Scheme 9%; Finance Commission & Other Transfers 10%; Central Sector Scheme 13%; Interest Payments 18%; States’ share of taxes & duties 20%
Incorrect
Pensions 6%; Subsidies 6%; Defence 8%; Centrally Sponsored Scheme 9%; Finance Commission & Other Transfers 10%; Central Sector Scheme 13%; Interest Payments 18%; States’ share of taxes & duties 20%
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