Arrange the events in the ascending order of their occurrence.1. Allowing convertibility of rupee at the market rate in the current account.2. Nationalisation of general insurance business.3. Establishment of IDBI.4. Nationalisation of life insurance business.5. Capital adequacy norms for commercial banks.

Arrange the events in the ascending order of their occurrence. 1. Allowing convertibility of rupee at the market rate in the current account. 2. Nationalisation of general insurance business. 3. Establishment of IDBI. 4. Nationalisation of life insurance business. 5. Capital adequacy norms for commercial banks.

Consider the following:
1. Allowing convertibility of rupee at the market rate in the current account
2. Nationalization of general insurance business
3. Establishment of IDBI
4. Nationalization of life insurance business
5. Capital adequacy norms for commercial banks
Arrange the events in the ascending order of their occurrence.

A

4, 3, 2, 1, 5

B

1, 2, 3, 4, 5

C

4, 5, 3, 2, 1

D

1, 5, 2, 3, 4

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

Arrange the following in correct order according to the year of establishment and occurrence of the event.
1. Establishment of Regional Rural Bank.
2. Establishment of Reserve Bank of India.
3. Nationalisation of 6 Commercial Banks.
4. Nationalisation of 14 major Commercial Banks.

A

2, 4, 1, 3

B

2, 4, 1, 3

C

1, 4, 3, 2

D

3, 1, 2, 4

Consider the following statements regarding Basel norms:
1. Basel norms are standards of capital adequacy for banks across the world.
2. At present, banks are adhering to Basel III norms.
3. Basel norms are mandatory for banks in India.

A

1 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

Vishal has a total of Rs. 4,100 in the denominations of 5, 10, 20 and 50 rupee notes. He has an equal number of 5 and 10 rupee notes. The number of 20 rupee notes is double the number of 5 rupee notes. The number of 50 rupee notes is thrice the number of 10 rupee notes. How many 5 rupee notes are there with Vishal?

A

30

B

40

C

10

D

20

In the question below, are given a statement 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 suggested courses of action logically follow(s) for pursuing. Statement: The rupee may slump to a new low this year amid global policy uncertainties while domestic interest rates will remain elevated, raising borrowing costs, according to an ET poll of 20 market participants. Nearly three-fourths of the respondents believe the local unit could touch 69 to the dollar with some even pointing to 70 by December-end. The rupee is one of the worst-performing emerging market currencies this year, having lost about 6.7 per cent to the greenback to close at 68.13 on Monday. Courses of action: I. Indian corporates may borrow less ahead of elections with the likely benchmark rate at 8 per cent or more. Half the poll participants were of the opinion that the benchmark yield will either hover around that level or rise further. II. External factors coupled with domestic macro measures like weak current account deficit or fiscal deficit are likely to impact the rupee. The US Fed seems to be on course to raise rates. III. Upcoming elections trigger a bit of policy uncertainty. A cocktail of factors including dollar strengthening, foreign fund outflows, general emerging market weakness and oil would continue to weigh on the rupee.

A

Only III follows

B

Neither I nor III follows

C

None follows

D

All except III and II

E

All I, II and III follow

A bag contains Rs. 420 in the form of 5 rupee, 2 rupee, and 1 rupee coins. The number of coins of 5 rupee, 2 rupee, and 1 rupee is in the ratio of 2 : 3 : 5. What is the total number of coins in the bag?

A

240

B

260

C

250

D

200

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.

Assertion (A): Most of the development bank in India have setup private commercial banks after the introduction of capital adequacy norms.
Reason (R): Development banks in India have not adhered to their basic objectives.

A

(A) and (R) both are correct and (R) is correct explanation of (A)

B

(A) and (R) both are correct but (R) is not a correct explanation of (A)

C

(A) is correct, but (R) is incorrect

D

(R) is correct, but (A) is incorrect

Consider the following statements regarding Repo rate : 1. It is the rate at which RBI lends money to Commercial Banks generally against Government Securities 2. It is the rate at which RBI borrows money from Commercial Banks generally against Government Securities 3. It is the rate at which Commercial Banks keep Deposits with RBI Which of the above statements is/are correct?

A

1 only

B

2 only

C

3 only

D

1, 2 and 3

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