Classical

June 2015 - Paper 3

41:  

Match the items in List - I with the items in List - II :

List – I

List – II

(a) ATM card

(i) NPA

(b) Debts due for more than 30 days

(ii) John Shephard Barron

(c) Micro finance

(iii) State Finance Corporations Act

(d) State level finance corporations

(iv) NABARD

Codes:

 

 

A.

(i) (iii) (ii) (iv)

B.

(ii) (i) (iv) (iii)

C.

(iv) (iii) (ii) (i)

D.

(ii) (i) (iii) (iv)

 
 

Option: D

Explanation :

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42:  

Assertion (A) :

A well-developed money market is the basis for an effective monetary policy. It is in the money market that the Central Bank comes into contact with the financial sectors of the economy as a whole and it is through the liquidity in the market that influence the cost and availability of credit.

Reasoning (R) :

A well-organized money market is an essential condition for the successful operation of the Central Banking policies, and for holding the conditions of liquidity within the bounds of what the monetary authorities consider desirable.

 

A.

(A) is true but (R) is false

B.

(R) is true but (A) is false

C.

(A) is true and (R) offers correct explanation to (A)

D.

Both (A) and (R) are false

 
 

Option: C

Explanation :

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43:  

The operations of banks and financial institutions are regulated by :

A.

The RBI Act 1934 only

B.

The Banking Regulation Act 1949 only

C.

Information Technology Act 2000 only

D.

All of the above

 
 

Option: D

Explanation :

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44:  

To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are :

A.

Compliance with the Information Technology Act 2000

B.

Satellite connection

C.

Selection of a portal and server

D.

All of the above

 
 

Option: D

Explanation :

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45:  

Any country consistently facing balance of payment deficiency can approach :

A.

The World Bank

B.

The Smithsonian Institute

C.

IMF

D.

The IMF and the IBRD

 
 

Option: C

Explanation :

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