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Daily Subject wise Quiz Day 59 Economy IX ( Online Prelims Test)

1) Consider the following statements with respect to Narasimhan Committee

  1. It established 4 tier hierarchy for banking structure with large banks at the top and at bottom rural banks engaged in agricultural activities.
  2. It recommended to establish the National Housing Bank in 1995.

Which of the above statements is/are correct?

a. b. c. d.

2) Consider the following statements with respect to Reserve Bank of India

  1. It has a fundamental commitment to maintaining the nation’s monetary and financial stability.
  2. Management of foreign currency reserves of the country and its current and capital account is one of the function of RBI.

Which of the following statements is/are correct?

a. b. c. d.

3) Consider the following statements with respect to Non-Banking Financial Company

  1. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on themselves.
  2. These type of companies provides banking services without holding any banking license.

Which of the above statements is/are incorrect?

a. b. c. d.

4) Consider the following statements with respect to Net Stable Funds Rate (NSFR)

  1. It requires banks to maintain a stable funding profile in relation to their off-balance-sheet assets and activities.
  2. The minimum NSFR requirement is 20%. NSFR measures short-term (30 days) resilience.

Which of the above statements is/are incorrect?

a. b. c. d.

5) Which of the following statements is/are correct about Counter Cyclical Capital Buffer (CCCB)

  1. Countercyclical capital buffer (CCCB) is calculated as a fixed percentage of a bank’s risk-weighted loan book.
  2. RBI has made it mandatory to banks to maintain CCCB keeping the ratio at zero percent.

Select the correct answers using the codes given below

a. b. c. d.
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