Static Quiz 01 November 2023
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Static Quiz 01 November 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Which of the following are the reasons for involuntary financial exclusion?
1. Lack of trust in the system
2. High transaction costs
3. Lack of requisite documents
4. Poor quality of services rendered
Select the correct answer using the code given below:CorrectCorrect Answer : D
IncorrectCorrect Answer : D
- Question 2 of 5
2. Question
Which of the following are Pre-requisites for Direct Benefit Transfer?
1. Identification of beneficiaries and digitization of beneficiary database
2. Last mile connectivity/service delivery
3. Seeding of Aadhaar in beneficiary database and bank accounts
Which of the statements given above are correct?CorrectCorrect Answer : D
IncorrectCorrect Answer : D
- Question 3 of 5
3. Question
Consider the following statements regarding SARFAESI Act
1. The SARFAESI Act empowers banks and other financial institutions to directly auction
residential or commercial properties that have been pledged with them to recover loans from
borrowers.
2. One of the major features of the Act is that it is applicable to unsecured creditors also.
Which of the statements given above is/are correct?CorrectCorrect Answer : A
One of the major drawbacks of the Act is that it is not applicable to unsecured
creditors. Hence, statement 2 is incorrect.IncorrectCorrect Answer : A
One of the major drawbacks of the Act is that it is not applicable to unsecured
creditors. Hence, statement 2 is incorrect. - Question 4 of 5
4. Question
Consider the following statements regarding Voluntary retention route for foreign portfolio investors
1. It is a new channel of investment available to FPIs to encourage them to invest in debt markets
in India over and above their investments through the regular route.
2. Initially, Investments under this route shall be capped at Rs 20,000 crore for VRR-GOVT and
40,000 crore per annum for VRR-COPR.
3. It is an initiative of SEBI.
Which of the statements given above is/are correct?CorrectCorrect Answer : A
This new investment route was proposed by the central bank in October 2018 at a
time the rupee was weakening against the dollar very sharply. Hence, statement 3 is
incorrect.Investments under this route as of now shall be capped at Rs 40,000 crore for VRR-
GOVTand 35,000 crore per annum for VRR-COPR.Hence, statement 2 is incorrect.IncorrectCorrect Answer : A
This new investment route was proposed by the central bank in October 2018 at a
time the rupee was weakening against the dollar very sharply. Hence, statement 3 is
incorrect.Investments under this route as of now shall be capped at Rs 40,000 crore for VRR-
GOVTand 35,000 crore per annum for VRR-COPR.Hence, statement 2 is incorrect. - Question 5 of 5
5. Question
Which of the following form part of Capital Budget of India?
1. Money earned by selling assets
2. Repayment of loans by states
3. Creating assets such as roads and hospitals
4. Loans to states
Select the correct answer using the code given below:CorrectCorrect Answer : D
IncorrectCorrect Answer : D
