India Exam Junction

41. Which out of the following sets of industries is not a part of the eight core industries in India ?

Coal, crude oil and natural gas

Steel, cement and electricity

Coal, natural gas and refinery products

Mining, metallurgical operations and pharmaceuticals

Answer & Solution

Answer:

Mining, metallurgical operations and pharmaceuticals

42. Which out of the following has been categorised as a Domestic Systematically Important Bank (D-SIB) as per the recent report the RBI ?

ICICI Bank

Punjab National Bank

Axis Bank

Kotak Mahindra Bank

Answer & Solution

Answer:

ICICI Bank

43. Which among the following is incorrect with respect to Payment Banks and Small Finance Banks in India ?

Payments Banks can accept deposits but have to keep the customer balance below one lakh rupees, whereas there is no such restriction on the Small Finance Banks.

Payments Banks cannot give loans or issue credit cards whereas Small Finance Banks can.

Mobile Companies and Supermarket Chains owned and controlled by residents are allowed to become eligible promoters for Payments Banks but this is not true for Small Finance Banks.

Payments Banks cannot sell mutual funds, insurance and pension funds but Small Finance Banks can.

Answer & Solution

Answer:

Payments Banks cannot sell mutual funds, insurance and pension funds but Small Finance Banks can.

44. Consider the following pairings of Non-Performing Assets (NPA) classification in India with their descriptions :
1. Substandard assets : Assets which have remained NPAs for a period less than or equal to 12 months.
2. Doubtful assets : Assets which have remained in the substandard category for a period of 12 months.
3. Loss assets : Assets which are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted, although there may be some salvage or recovery value.

Which out of the above pairings are correct ?

Only 1 and 2

Only 2 and 3

Only 1 and 3

1, 2 and 3

Answer & Solution

Answer:

1, 2 and 3

45. Which among the following is the objective of the Cheque Truncation System (CTS) introduced by the RBI ?

To reduce the flow of cheques in circulation by replacing cheques with digital financial transactions.

To discontinue the flow of physical cheques in the clearing process by transferring an electronic image of the cheque with essential MICR data.

To establish an electronic database that helps in the suspension of the circulation of those cheques that do not have the correct vital details.

To build capacity to enable interbank payments online and facilitate Corporate customer payments.

Answer & Solution

Answer:

To discontinue the flow of physical cheques in the clearing process by transferring an electronic image of the cheque with essential MICR data.

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