1. A Non-Performing Asset of a non-agricultural loan book shall be a loan or advance where___:
[A]Interest and/or instalment of principal remain overdue for 90 days in respect of term loan
[B]The debtor is declared insolvent
[C]Payment of interest/instalment of principal has been irregular
[D]All of the above
Ans: Interest and/or instalment of principal remain overdue for 90 days in respect of term loan
2. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
[A]30 Days
[B]60 Days
[C]75 Days
[D]90 Days
Ans: 75 Days
3. Approximately, what fraction of India’s total exports is contributed by the Micro, Small and Medium Enterprises (MSME) sector ?
[A]20%
[B]30%
[C]40%
[D]45%
Ans: 40%
4. In April 2013, a Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs 500 crore. What is the current authorised bill of RRBs?
[A]Rs. 5 Crore
[B]Rs. 10 Crore
[C]Rs. 50 Crore
[D]Rs. 100 Crore
Ans: Rs. 5 Crore
6. With reference to Domestic Savings in India, the savings come from three sources, viz. households, the private corporate sector, and the public sector. Which among them holds the maximum share?
[A]Households
[B]Private Corporate Sector
[C]Public Sector
[D]Private Corporate Sector & Public Sector Combined
Ans: Households
7. Recently, the Bombay Stock Exchange (BSE) has launched an Islamic equity index based on:
[A]S&P BSE 500 index
[B]S&P BSE 200 index
[C]S&P BSE 100 index
[D]S&P BSE BANKEX
Ans: S&P BSE 500 index
8. The difference between the outflow and inflow of foreign currency is known as ___:
[A]Foreign Exchange Reserves
[B]Current Account Deficit
[C]Fiscal Deficit
[D]Balance of Payments
Ans: Current Account Deficit
9. Which among the following regulate the commodity markets in India?
1. RBI
2. SEBI
3. Forward Market Commission
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]Only 3
Ans: Only 3
10. One of the headlines in the news papers recently read: "Rupee tumbled 10 paise at one-week low of 54.62". Which among the following can tumble the Rupee down?
1.Sustained dollar demand from importers
2.Capital outflows
3.Rupee showing bearish trend in currency market
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]1, 2 & 3
Ans: 1, 2 & 3
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