5-7-2021 MCQs Test

1. Consider the following statements:

1. Gross non-performing assets are the sum of all the loans that have been defaulted by the individuals who have acquired loans from the financial institution.
2. Net non-performing assets are the amount that is realized after provision amount has been deducted from the gross non-performing assets.

Which of the above statements is/are correct?

2. What is Capital Adequacy Ratio?

1. It is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities.
2. It is decided by central banks to prevent commercial banks from taking excess leverage and becoming insolvent in the process.

Select the correct answer using the codes given below:

3. Which of the above statements is/are correct?

1. SGST & IGST are levied at rates to be agreed upon by the States.
2. The GST is paid by producers,but it is remitted to the government by the businesses selling the goods and services.

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4. Consider the following statements about the GST Council:

1. The GST Council is chaired by the Union Finance Minister.
2. It is considered as a non-federal body.

Which of the above statements is/are correct?

5. Consider Foreign Exchange Reserves:

1. Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies.
2. India’s Forex Reserve include Special Drawing Rights and Reserve position with the International Monetary Fund (IMF).

Which of the above statements is/are incorrect?

6. What isForeign Currency Assets (FCAs)?

1. FCAs are assets that are valued based on a currency other than the country’s own currency.
2. The FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Select the correct answer using the codes given below:

7. What is Special Drawing Rights (SDR)?

1. It was created by World Bank (WB) in 1969 to supplement its member countries’ official reserves.
2. The SDR is neither a currency nor a claim on the WB.
3. The interest rate on SDRs or (SDRi) is the interest paid to members on their SDR holdings.

Select the correct answer using the codes given below:

8. Consider the following statements:

1. Article 23 prohibits human trafficking and forced labour without payment.
2. Article 24 forbids employment of children below the age of 14 years in dangerous jobs like factories and mines.

Which of the above statements is/are incorrect?

9. Which of the following statements is/are correct about WASH (Water, Sanitation and Hygiene):

1. It is a component of WHO’s 13th General Programme of Work 2019–2023.
2. It also takes on board the need for progressive realization of the human rights to safe drinking-water and sanitation, adopted by the UN General Assembly in July 2010.

Which of the above statements is/are correct?

10. With reference to Vultures, consider the following statements:

1. It is one of the 22 species of large carrion-eating birds that live predominantly in the tropics and subtropics.
2. India is home to 9 species of Vulture namely the Oriental white-backed, Long-billed, Slender-billed, Himalayan, Red-headed, Egyptian, Bearded, Cinereous and the Eurasian Griffon.

Which of the above statements is/are correct?