UPSC Essentials brings to you its initiative of subject-wise quizzes. These quizzes are designed that will help you revise among the most vital subjects from the static a part of the syllabus. Every day, we are going to cowl one new topic. Try immediately’s topic quiz on Economic system to test your progress. Come again tomorrow to resolve the MCQs on Worldwide Relations. Don’t miss checking the solutions and explanations on the finish of the quiz.
Which of the next statements is not right in regards to the Digital Banking Items (DBU)?
(a) It’s a specialised fastened level enterprise unit housing a sure minimal digital infrastructure for delivering digital banking services.
(b) It contains banking actions by way of cheques, pay-in slips, and demand drafts.
(c) Will probably be arrange by the Scheduled Business Banks.
(d) The companies embrace fastened deposits and recurring deposit accounts for purchasers.
QUESTION 2
Just about the turmeric, contemplate the next statements:
1. India is the most important producer and exporter of turmeric on this planet.
2. The federal government has introduced to arrange the Nationwide Turmeric Board in Kerala.
Which of the assertion(s) given above is/are right?
(a) 1 solely
(b) 2 solely
(c) Each 1 and a couple of
(d) Neither 1 nor 2
QUESTION 3
The Monetary Stability Report (FSR) is printed by:
(a) NITI Aayog
(b) Reserve Financial institution of India
(c) Ministry of Finance
(d) Nationwide Pattern Survey Organisation
QUESTION 4
Take into account the next statements about Authorities-Securities (G-sec):
1. The federal government securities are devices that governments use to borrow cash.
2. The yield of presidency securities stays the identical over time.
3. The federal government securities are thought of because the most secure investments.
How lots of the statements given above are right?
(a) Just one
(b) Solely two
(c) All three
(d) None
QUESTION 5
Take into account the next statements about wool manufacturing in India:
1. India is the most important wool producer on this planet.
2. India doesn’t produce carpet grade wool.
2. Rajasthan is the most important producer of wool in India.
How lots of the statements given above are right?
(a) Just one
(b) Solely two
(c) All three
(d) None
ANSWERS TO THE MCQs
1. (b)
FYI:
— India’s Finance Minister announced plans to establish 75 digital banking centres in 75 regions. That is to additional the federal government’s goal for digital monetary inclusion.
— Business banks (besides regional rural banks, fee banks, and native space banks) with prior digital banking experience are eligible to open DBUs in tiers 1–6 centres.
— The companies embrace financial savings financial institution accounts below varied schemes, present accounts, fastened deposits, and recurring deposit accounts, digital kits for purchasers, cellular banking, Web banking, debit playing cards, bank cards, and mass transit system playing cards, digital kits for retailers, UPI QR code, BHIM Aadhaar, and level of sale (PoS).
— Different companies embrace submitting purposes and onboarding prospects for particular retail, MSME, or schematic loans.
— Digital banking entails shifting all conventional banking actions on-line, eliminating paperwork equivalent to checks, pay-in slips, and demand drafts.
Due to this fact, choice (b) is the right reply.
2. (a)
FYI:
— India is the world’s top producer, consumer, and exporter of turmeric. Therefore, assertion 1 is right.
— The Nationwide Turmeric Board was established by the Central authorities with the aim of growing and rising turmeric and turmeric merchandise in Telangana. Therefore, assertion 2 will not be right.
— The Nationwide Turmeric Board goals to advertise and develop the turmeric sector throughout the nation, particularly Telangana.
— The Board will give management on turmeric-related points, complement efforts, and facilitate nearer collaboration with the Spices Board and different authorities authorities to advertise the event and progress of the turmeric trade.
— There’s appreciable international potential and curiosity in turmeric’s well being and wellness benefits, which the Board will use to lift consciousness and utilization.
Due to this fact, choice (a) is the right reply.
3. (b)
FYI:
— The Reserve Financial institution launched the twenty eighth subject of the Monetary Stability Report (FSR), which displays the collective evaluation of the Sub-Committee of the Monetary Stability and Growth Council (FSDC) on dangers to monetary stability and the resilience of the Indian monetary system.
Highlights of the report
— The worldwide financial system faces plenty of points, together with sluggish progress, excessive public debt, elevated financial fragmentation, and extended geopolitical wars.
— The Indian financial system and home monetary system are resilient, owing to robust macroeconomic fundamentals, sound monetary establishment steadiness sheets, average inflation, an bettering exterior sector place, and ongoing fiscal consolidation.
— In September 2023, scheduled business banks’ (SCBs) capital-to-risk-weighted property ratio (CRAR) and customary fairness tier 1 (CET1) ratios have been 16.8% and 13.7%, respectively.
— In September 2023, SCBs’ gross non-performing property (GNPA) ratio fell to a multi-year low of three.2%, whereas their web non-performing property (NNPA) ratio dropped to 0.8%.
— Macro stress research for credit score threat present that SCBs can meet minimal capital necessities, with the system-level CRAR in September 2024 anticipated at 14.8%, 13.5%, and 12.2%, respectively, below baseline, medium, and extreme stress situations.
— The robustness of the non-banking monetary companies (NBFCs) sector elevated in September 2023, with CRAR at 27.6%, GNPA ratio at 4.6%, and return on property (RoA) at 2.9%.
Due to this fact, choice (b) is the right reply.
(Supply: rbi.gov.in)
4. (b)
FYI:
— G-secs, or government securities or government bonds, are devices that governments use to borrow cash. Therefore, assertion 1 is right.
— G-secs are totally different from on a regular basis lending between two personal people or entities:
(a) G-secs carry the bottom threat of all investments. In spite of everything, the possibilities of the federal government not paying again your cash are nearly zero. It’s thus the most secure funding one could make. Therefore, assertion 3 is right.
(b) G-Secs are totally different within the method through which they’re structured, and the way their efficient rates of interest are calculated.
— G-sec yields change over time, usually a number of occasions throughout a single day. This occurs due to the style through which G-secs are structured. Therefore, assertion 2 will not be right.
— Each G-sec has a face worth, coupon fee, and worth. The value of the bond might or is probably not equal to the face worth of the bond.
Due to this fact, choice (b) is the right reply.
5. (a)
FYI:
— Wool is an important fibre for winter outerwear, flooring coverings, and industrial purposes.
— India, with the world’s third-largest sheep inhabitants (74.26 million), ranks ninth by way of wool manufacturing. Therefore, assertion 1 will not be right.
— The organised sector in India contains composite mills, combing models, spinning mills, carpet manufacturing crops, and woven and knitted garment models. The decentralised wool sector in India contains energy looms, handlooms, knitting and hosiery, dyeing, and so forth.
— The 5 greatest wool-producing states in 2022-23 have been Rajasthan (47.98%), Jammu and Kashmir (22.55%), Gujarat (6.01%), Maharashtra (4.73%), and Himachal Pradesh (4.27%). They account for 85.54% of all wool manufacturing within the nation. Therefore, assertion 3 is right.
— India produces three forms of wool: carpet grade, attire grade, and coarser grade. These classes account for 85%, 5%, and 10% of whole manufacturing in 2020-21, respectively. Therefore, assertion 2 will not be right.
— India’s wool trade employs roughly 1.2 million individuals within the organised sector and one other 2 million in associated companies.
— The nation’s wool manufacturing in 2022-23 was 33.61 million kilogrammes. The contributions of Ram/Wether, Ewe, and Lamb to whole wool manufacturing in 2022-23 have been 72.17%, 13.92%, and 13.91%, respectively.
Due to this fact, choice (a) is the right reply.
(Supply: http://www.ibef.org)
Earlier Every day Topic-Sensible-Quiz
Daily subject-wise quiz — Polity and Governance (Week 62)
Daily Subject-wise quiz — History, Culture, and Social Issues (Week 62)
Daily subject-wise quiz — Environment, Geography, Science and Technology (Week 62)
Daily subject-wise quiz — Economy (Week 61)
Daily subject-wise quiz – International Relations (Week 61)
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