Static Quiz 25 August 2023
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Static Quiz 25 August 2023 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
Which of the following contributes to the financial resources of Urban Local Bodies (ULB) in India?
1. Property Tax
2. Advertisement Tax
3. Market Borrowings
Select the correct answer using the code given below:CorrectAnswer: D
IncorrectAnswer: D
- Question 3 of 5
3. Question
With reference to deflation in an economy, consider the following statements:
1. It is a period when prices of goods and services decline.
2. It harms borrowers who are bound to pay their debts in money that is worth more than the money they borrowed.
3. It can be caused due to fall in the supply of money and credit without a corresponding decrease in economic output.
Which of the statements given above are correct?CorrectAnswer: D
All the statements are correctIncorrectAnswer: D
All the statements are correct - Question 4 of 5
4. Question
With reference to Payment Aggregators (PA) in India, consider the following statements:
1. They enable e-commerce websites to accept payments from customers.
2. They are regulated by the Reserve Bank of India.
3. They are authorised to store customer card credentials in their database.
Which of the statements given above are correct?CorrectAnswer: A
According to the guidelines issued by RBI, neither the authorized Payment
Aggregators (PAs) nor the merchants on-boarded by them can store customer card
credentials within their database or server. So, statement 3 is not correct.IncorrectAnswer: A
According to the guidelines issued by RBI, neither the authorized Payment
Aggregators (PAs) nor the merchants on-boarded by them can store customer card
credentials within their database or server. So, statement 3 is not correct. - Question 5 of 5
5. Question
With reference to ‘Angel Funds’ in India, consider the following statements:
1. These are a form of equity financing where the investor supplies funds in exchange of equities.
2. These are regulated by Reserve Bank of India under the provisions for Alternative Investment Funds (AIFs).
3. Angel Fund investors have a say in business operations and may also receive a portion of the profits when the business is sold.
Which of the statements given above is/are correct?CorrectAnswer: C
Angel funds in India are regulated by Securities and Exchange Board of India (SEBI)
under the umbrella regulations for Alternative Investment Funds (AIFs). So, statement
2 is not correct.IncorrectAnswer: C
Angel funds in India are regulated by Securities and Exchange Board of India (SEBI)
under the umbrella regulations for Alternative Investment Funds (AIFs). So, statement
2 is not correct.
