Static Quiz 20 March 2024
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Static Quiz 20 March 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
With reference to Overseas Direct Investment (ODI), consider the following statements:
1. It includes capital and portfolio investment in overseas entities.
2. Real estate and banking business are the prohibited sectors for ODI.
3. The ODI scheme permits investment in the financial services by the regulated financial services companies.
Which of the statements given above is/are correct?CorrectAnswer: D
Overseas Direct Investments (ODI) refers to the investments made in the overseas
entities by way of contribution to their capital or subscription to the Memorandum
of Association of a foreign entity or by way of purchase of existing shares of a
foreign entity either by market purchase or private placement or through stock
exchange, but it does not include portfolio investment. This investment signifies a
long-term interest in the foreign entity. So, statement 1 is not correct.IncorrectAnswer: D
Overseas Direct Investments (ODI) refers to the investments made in the overseas
entities by way of contribution to their capital or subscription to the Memorandum
of Association of a foreign entity or by way of purchase of existing shares of a
foreign entity either by market purchase or private placement or through stock
exchange, but it does not include portfolio investment. This investment signifies a
long-term interest in the foreign entity. So, statement 1 is not correct. - Question 2 of 5
2. Question
Consider the following statements regarding ‘Credit Rating Agencies in India’:
1. They perform the function of analyzing the debtor’s ability to repay the debt by using a range of quantitative and qualitative measures.
2. They can initiate the process of insolvency on behalf of creditors.
3. In India, they are primarily regulated by Reserve Bank of India as per the Banking Regulation (Companies) Rules, 1949.
Which of the statements given above is/are correct?CorrectAnswer: A
• Credit rating agencies do not have the authority to initiate the process of insolvency on behalf of creditors.
• In India, the Securities and Exchange Board of India (SEBI) primarily regulates credit rating agencies and their functioning.IncorrectAnswer: A
• Credit rating agencies do not have the authority to initiate the process of insolvency on behalf of creditors.
• In India, the Securities and Exchange Board of India (SEBI) primarily regulates credit rating agencies and their functioning. - Question 3 of 5
3. Question
With reference to ‘Alternate Investment Funds (AIFs)’, consider the following statements:
1. They are privately pooled investment vehicles in India that collect funds from specific group of investors.
2. They offer a higher degree of flexibility than mutual funds as they invest in unlisted shares.
3. In India, Angel Funds and Social Venture Funds are kept outside the purview of AIFs by Securities and Exchange Board of India.
4. Profits earned from these funds are completely exempted from Capital Gain Tax to promote investments in capital
intensive sector in India.
Which of the statements given above are correct?CorrectAnswer: A
Angel Funds and Social Venture Funds fall under the purview of AIFs in India and are regulated by the Securities and Exchange Board of India (SEBI).IncorrectAnswer: A
Angel Funds and Social Venture Funds fall under the purview of AIFs in India and are regulated by the Securities and Exchange Board of India (SEBI). - Question 4 of 5
4. Question
In India, Foreign Direct Investment (FDI) is completely prohibited in which of the following sectors?
1. Broadcasting Content Services
2. Gambling or Betting businesses
3. Trading in Transferable Development Rights
4. Atomic Energy Generation
5. Investment in Chit Funds
6. Cigarettes and tobacco industry
7. Railway infrastructure
Select the correct answer using the codes given below:CorrectAnswer: B
There are a few industries where FDI is strictly prohibited under any route. These industries are
1) Atomic Energy Generation
2) Any Gambling or Betting businesses
3) Lotteries (online, private, government, etc)
4) Investment in Chit Funds
5) Nidhi Company
6) Agricultural or Plantation Activities
7) Housing and Real Estate (except townships, commercial projects, etc.)
8) Trading in Transferable Development Rights: TDR certificate/ Development Rights Certificate (DRC)
is a certificate issued by the competent authority to an owner or a lessee of the land on surrender of
the gross ‘area’ of the land which is required for public purpose.
9) Cigars, Cigarettes, or any related tobacco industryIncorrectAnswer: B
There are a few industries where FDI is strictly prohibited under any route. These industries are
1) Atomic Energy Generation
2) Any Gambling or Betting businesses
3) Lotteries (online, private, government, etc)
4) Investment in Chit Funds
5) Nidhi Company
6) Agricultural or Plantation Activities
7) Housing and Real Estate (except townships, commercial projects, etc.)
8) Trading in Transferable Development Rights: TDR certificate/ Development Rights Certificate (DRC)
is a certificate issued by the competent authority to an owner or a lessee of the land on surrender of
the gross ‘area’ of the land which is required for public purpose.
9) Cigars, Cigarettes, or any related tobacco industry - Question 5 of 5
5. Question
In context of Indian Economy, under which one of the following conditions will the Gross Domestic Product (GDP) of India shall be higher than its Gross Value Added (GVA)?
CorrectAnswer: A
IncorrectAnswer: A
