Banking System, NPA & IBC — Set 2
Economy Advanced · बैंकिंग प्रणाली, NPA और IBC · Questions 11–20 of 160
The Prime Lending Rate (PLR) was replaced by a new benchmark rate in India. What is this new rate called?
Correct Answer: B. MCLR
The correct answer is MCLR. MCLR (Marginal Cost of Funds Based Lending Rate) replaced PLR in 2016. It is based on the actual cost of funds for banks and is reviewed monthly by each lender. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
Inflation is measured using different indices in India. Which index is used to measure inflation for wholesale prices?
Correct Answer: B. Wholesale Price Index (WPI)
The correct answer is Wholesale Price Index (WPI). The Wholesale Price Index (WPI) measures the average change in prices received by domestic producers for their output. It is published by the Department of Commerce. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
The Consumer Price Index (CPI) in India includes different categories of goods and services. What is the base year for the current CPI series?
Correct Answer: B. 2012
The correct answer is 2012. The current CPI series uses 2012 as the base year (with 2012 = 100). It covers both urban and rural consumers and is calculated monthly by the Ministry of Statistics. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
Foreign Direct Investment (FDI) is investment made by non-residents in domestic production assets. Which ministry oversees FDI policy in India?
Correct Answer: A. Ministry of Commerce and Industry
The correct answer is Ministry of Commerce and Industry. The Ministry of Commerce and Industry formulates FDI policy in India. It is responsible for promoting and regulating foreign direct investment in various sectors. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
Foreign Institutional Investors (FII) invest in Indian securities markets. What are FIIs primarily interested in?
Correct Answer: C. Stocks and bonds
The correct answer is Stocks and bonds. FIIs invest in stocks and bonds through Indian stock exchanges. They are regulated by SEBI and play an important role in Indian capital markets. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
The National Stock Exchange (NSE) is one of the largest stock exchanges in the world. In which year was NSE established?
Correct Answer: B. 1994
The correct answer is 1994. The NSE was established in 1994 and began operations in 1994. It is a modern, fully automated electronic exchange located in Mumbai, India. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
The Bombay Stock Exchange (BSE) is India's oldest stock exchange. What is the market index of BSE called?
Correct Answer: B. Sensex
The correct answer is Sensex. The Sensex (Sensitive Index) is BSE's primary market index comprising 30 blue-chip companies. It represents the Indian stock market's performance and trends. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
SEBI (Securities and Exchange Board of India) regulates the securities market. When was SEBI established?
Correct Answer: A. 1988
The correct answer is 1988. SEBI was established in 1988 and became fully operational in 1992. It regulates and supervises all securities-related activities in India. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.
Insurance companies in India are regulated by IRDA (Insurance Regulatory and Development Authority). What year was IRDA established?
Correct Answer: B. 2000
The correct answer is '2000'. IRDA was established in 1999 through the Insurance Regulatory and Development Authority Act 1999. It regulates and supervises insurance business in India.
In India, which type of banking institution is used mainly for agricultural lending to small farmers and rural areas?
Correct Answer: B. Cooperative Banks
The correct answer is Cooperative Banks. Cooperative Banks are primarily focused on agricultural lending and supporting rural economies. They are member-based institutions with local reach and understanding. This topic is frequently tested in competitive examinations such as RRB NTPC, SSC, and UPSC.