Indian Economy Quiz 4

Consider the following statements about SCHEME FOR SUSTAINABLE STRUCTURING OF STRESSED ASSETS (S4A):

1. S4A refers to the scheme to deal with stressed assets of banking sector.

2. Under this scheme, debt is converted into equity.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements:

1. SARFESI Act enables Banks to auction properties to recover loans.

2. ARCs are formed under SARFESI Act.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements:

1. Bilateral investment treaties protect the investments of one country into another.

2. BITs has other provisions like protection against nationalisation,non-discriminatory treatment etc.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements:

1. Logistics Performance Index LPI is published by World Bank.

2. LPI measures the ease of movement of goods within and out of country.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements about Outcome budgeting:

1. Outcome budgeting measures the development outcomes of all government programmes.

2. It is measure of improvement in quality of the programme.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements about Essential Commodities Act:

1. Essential Commodities Act, 1955 ensures the easy availability of essential commodities by protecting the listed items.

2. State governments are empowered to regulate and control the production and distribution.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements about Priority Sector Lending:

1. Priority sector lending is applicable to those sectors which do not get easy credit from the market.

2. Export Credit , Education and Housing are components of Priority Sector lending.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements:

1. All NPAs are stressed assets.

2. An asset is considered as a Stressed asset if the principal and/or interest remains overdue for more than 45 days.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements about FCNR -Foreign Currency Non-Repatriable account deposits:

1. FCNR accounts are meant specifically for NRIs and PIOs.

2. FCNR accounts can be maintained in any foreign currency.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Consider the following statements about P-Notes:

1.P-notes and Oversease derivative instruments are used by foreign entities interested in investing in Indian equity.

2. They are not registered with SEBI.

Which of the above statements are correct?

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2