Quiz 551: Current Affairs with Special Reference to Banking & Finance for CWE Exam 2011

1. In India, the RBI has mandated the banks to hold 24 per cent of their net demand and time liabilities (NDTL) in a liquid portfolio under the statutory liquidity ratio (SLR) regime. What are the benefits of this system?
1. Provides strength to Financial System
2. Increases flow of credit to productive sectors
3. Provides growth to Indian Economy
Which among the above is/ are correct?
[A]1 & 2
[B]2 & 3
[C]Only 1
[D]1, 2 & 3


Explanation
2. If the Reserve Bank of India wants to block / hinder the Capital Outflows and contain the currency depreciation, which among the following would be the most possible action?
[A]Increase Interest Rates
[B]Decrease Interest Rates
[C]Purchase Government Bonds
[D]Decrease Statutory Liquidity Ratio


3. The power of the commercial banks to expand deposits through expanding their loans and advances is known as which among the following?
[A]Capital Expansion
[B]Credit Expansion
[C]Credit Control
[D]Credit Creation


4. Consider the following:
1. Short Term Funds
2. Medium Term Funds
3. Long Term Funds
Which among the above is/ are dealt in the Indian Capital Market?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3


Explanation
5. The export promotion scheme “Focus: LAC” was launched to leverage the potential market in which among the following regions?
[A]South America
[B]South Africa
[C]Australia and Pacific
[D]Europe and CIS


Explanation
6. The implementation of which among the following programmes is/ was based upon the concept of the Self Help Groups (SHGs)?
[A]National Rural Employment Guarantee Act
[B]Sampoorna Grameen Rozgar Yojna
[C]Swarna Jayanti Gram Swarozgar Yojna
[D]National Food for Work Programme


Explanation
7. Which among the following scheme was redesigned and restructured into National Livelihood Mission (NRLM)?
[A]National Rural Employment Guarantee Scheme
[B]National Food for Work Programme
[C]Swarnjayanti Gram Swarojgar Yojana (SGSY)
[D]Jawahar Rozgar Yojana


Explanation
8. The Mahatma Gandhi National Rural Employment Guarantee Act mandates at least what fraction of the beneficiaries to be women?
[A]25%
[B]30%
[C]40%
[D]50%


Explanation
9. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called?
[A]FDI
[B]Portfolio Investment
[C]NRI Investment
[D]Foreign Indirect Investment


10. To obtain scholarship under Shiksha Sahayog Yojana, which among the following conditions must be fulfilled:
1. The parent of the student must be covered under Janshree Bima Yojana
2. The student must be studying in 9 to 12th standards
3. The family must below BPL category
Choose the correct options:
[A]Only 1
[B]1 & 2
[C]1 & 3
[D]1, 2 & 3


Explanation
11. Trade of which among the following commodities faced a worst shortage in Japan because of the radiation leaking from the crippled Fukushima Dai-Ichi power station?
[A]Green Tea
[B]Coffee
[C]Rice
[D]Wheat


12. Which among the following was the theme of the SAARCFINANCE Governors’ Symposium 2011 which was recently held in Kumarakom, Kerala?
[A]Financial Inclusion
[B]Money Laundering
[C]Financial Stability
[D]Sustainable Growth


Explanation
13. The Financial Sector Assessment Program (FSAP) is a comprehensive and in-depth analysis of a country’s financial sector. This programme is conducted by which among the following?
[A]International Monetary Fund
[B]G-20
[C]World Economic Forum
[D]World Bank


14. Consider the following:
1. Coordination with international financial sector bodies
2. Focus on Financial Inclusion in the country
3. Make efforts towards Financial Literacy
Which among the above is / are the mandates of the newly created Financial Stability and Development Council (FSDC)?
[A]1 Only
[B]1 & 2
[C]1 & 3
[D]1, 2 & 3


Explanation
15. Who among the following is the current president of the Editors Guild of India?
[A]Commi Kapoor
[B]Suresh Bafna
[C]T.N. Ninan
[D]Rajdeep Sardesai

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