With reference to 'Bitcoins', sometimes seen in the news, which of the following statements is/are correct? 1. Bitcoins are tracked by the Central Banks of the countries. 2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with Bitcoin address. 3. Online payments can be sent without either side knowing the identity of the other. Select the correct answer using the code given below.

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.

A

1, 2 and 3

B

2, 3 and 4

C

1, 2 and 4

D

1, 2, 3 and 4

Consider the following statements with respect to Bitcoins or 'cryptocurrencies' as they are commonly known; I. Bitcoin is a decentralized electronic payment system II. Only a finite number of bitcoins can be created by miners III. Bitcoins are indivisible units of currency IV. Every single bitcoin transaction is recorded in a ledger called the blockchain. Which of the above statements are correct?

A

(i), (ii) and (iii)

B

(i), (iii) and (iv)

C

(i), (ii) and (iv)

D

(i), (ii), (iii) and (iv)

Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .

A

can never become green banks .

B

can become green banks if they reduce the number of branches and eliminate the use of paper .

C

can become green banks if they can greatly reduce or eliminate carbon footprint form their banking activities.

D

can become green banks if they support local green initiatives

In the question below, a passage is given followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Passage: India has witnessed a rising trend in online banking frauds. Both the absolute number of frauds and the cumulative amount involved have been steadily increasing despite repeated awareness campaigns undertaken by banks and the RBI over the years through social media, SMS and E-mails. This poses a serious challenge to the safety of the digital ecosystem and thus the digital economy concept. Courses of action: I. The government must set up an Insurance agency to reimburse the amount lost on online frauds. All online banking customers must be asked to pay a premium for the same. II. RBI must come up with a comprehensive mechanism for Banks to evaluate the Online Banking Knowledge of the customer before giving them such products. III. RBI must make it easier to report online frauds and more customers must be encouraged to file complaints on Online Banking frauds.

A

All I, II and III follow.

B

None follows.

C

Only II and III follow.

D

Only I and II follow.

E

Only II follows.

Three statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements. Statements: I. All payments are online. II. Some mails are online. III. Some grocery are online. Conclusions: I. No grocery is mail. II. Some payments are mails. III. Some payments are grocery.

A

Only Conclusion I follows.

B

Only Conclusion II follows.

C

Only Conclusion III follows.

D

None follows

The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: Automatic teller machines (ATMs) remain a mainstay of India’s financial inclusion drive and need the central bank’s support to stay relevant amid the government’s push for digital payments. Digital payments haven’t kept pace with the requirement for financial services in far-flung areas and a lack of ATMs there could prove disastrous for the economy.Which among the following arguments support the above statement in the best possible manner? Arguments: I. There is still strong demand for cash and if banks do not invest in the ATM infrastructure, especially in rural areas, people might opt to hoard cash instead. II. To maintain a balance between the two modes of payment, there is a need to open up regulatory sandboxes for ATMs to allow manufacturers to collaborate with financial-technology startups. III. Demonetisation pulled out over 85% of the cash in circulation, forcing people to embrace digital payments. Since then, cash in circulation has reverted to its pre-demonetisation days but digital payments have come to stay.

A

Both II and III are strong.

B

Only I and II are strong.

C

Only III is strong.

D

All except III and I are strong.

E

All are strong.

The government may infuse about Rs. 8,000 crore in five or six state-run banks that are likely to fall short of regulatory capital requirements, a senior finance ministry official said. These banks may include Nirav Modi scam-hit Punjab National Bank. There are some banks that have issued additional tier 1 capital bonds and the interest payments are due. Now if they don’t meet the regulatory capital norms, they will not be allowed to make such payments. The government cannot allow public sector banks to default on such payments, which will impact their rating. Which of the following is a logical corollary of the statement above?

A

Some banks that came under the Reserve Bank of India’s prompt corrective action (PCA) framework will also benefit from this tranche of capital infusion. The PCA framework is meant to encourage banks to avoid certain riskier activities and focus on conserving capital so that their balance sheets can become stronger.

B

Banks raise capital through bonds, which are perpetual in nature and therefore provide higher interest rates to investors. A high level of bad loans and widening losses have made it difficult for banks to service these bonds, raising the risk of default.

C

The infusion is part of a Rs. 2.11 lakh crore plan announced last October. The government will provide Rs. 1.35 lakh crore through recapitalisation bonds, while banks will need to raise Rs. 58,000 crore on their own.

D

The government had asked banks under PCA to recall AT 1 bonds. Lenders that have recalled these instruments include Oriental Bank of Commerce and Bank of Maharashtra.

E

All can be deduced.

In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: Communications Minister Manoj Sinha on Monday said the government is working on establishing 650 branches for India Post Payments Bank to facilitate financial inclusion, and unveiled two new offerings by the postal department. “For India Post Payments Bank ... we will be opening nearly 650 branches across India. Two, namely in Raipur and Ranchi, have already started, Sinha said. Assumptions: I. With the way technology is changing and given the disruptions, it is good to link yourself with technology but department's values too have to be maintained, and that is the biggest challenge. II. The aim is that through 650 post payments bank, we can push financial inclusion in 1.55 lakh villages. III. The minister who was speaking at an event to commemorate National Postal Week (October 9-15) also announced two new offerings - International Tracked Packet Service and e-IPO (Indian Postal Order).

A

Only I is implicit

B

All except I, II is implicit

C

Neither I, II nor III is implicit

D

Only II is implicit

E

Both III and II are implicit

Which set of the following differentiates the offline with that of online testing method? The statements are: (1) Offline is locally centered, online is centralized (2) Offline is non-digital, online is digital (3) Offline is subjective, online is objective (4) Internet is a must for online, and not a necessity for offline (5) Online usually provides instant evaluation, offline need not The sets are:

A

1, 4 and 5

B

1, 2 and 5

C

1, 3 and 5

D

2, 3 and 4

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct. 1. Reporters gather news for newspaper. P. The newspaper is sent to the distributors. Q. The news is classified and arranged by the editors. R. It is printed in the press. S. Then the newspapers are sent to news agencies. 6. The news agencies sell the newspapers.

A

SRPQ

B

RPSQ

C

QRPS

D

PRQS

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