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August Quiz
Question 1/5
Q1. With reference to the marginal cost of fund based lending rate (MCLR), consider the following statements:
It is the minimum interest rate that a bank can lend at.
Base rate structure replaced MCLR methodology for fixing interest rates.
Which of the statements given above is/are correct?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Submit
Question 2/5
Q2. Consider the following statements regarding the appointment of judges:
The judges of the Supreme Court and the High Courts are selected by the Collegium of judges mentioned in the Constitution.
The High Court judges are recommended by a Collegium, comprising the Chief Justice of India (CJI) and the four senior most judges.
Which of the statements given above is/are correct?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Submit
Question 3/5
Q3. In the context of the economy, which one of the following statements best describes the term 'Shadow banking'?
A
It refers to an illegal foreign exchange market where trading of currency happens outside the conventional banking system.
B
It refers to the subsidiaries functioning under the Central bank of a country.
C
It refers to the financial institutions involved in the creation of credit but they are not subject to regulatory oversight.
D
It is a term coined to denote the crony capitalism in banks that provide loans to kith and kin of politicians and business conglomerates.
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Question 4/5
Q4. In the context of Corporate Social Responsibility (CSR), consider the following statements:
The concept of CSR in India is governed by the Companies Act, 2013.
India is the first country in the world to mandate CSR spending along with a framework to identify potential CSR activities.
The CSR provisions within the Act are only applicable to companies with an annual turnover of Rs. 5 crores and more.
Which of the statements given above are correct?
A
1 and 2 only
B
1 and 3 only
C
2 and 3 only
D
1, 2 and 3
Submit
Question 5/5
Q5. With reference to diabetes, consider the following statements:
Type 1 diabetes is the most common type of diabetes.
Type 2 diabetes is most commonly diagnosed in children.
Gestational diabetes mellitus (GDM) may affect the health of both mother and child.
How many of the statements given above are correct?
A
Only one
B
Only two
C
All three
D
None
Submit
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