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Indian Economy Quiz 4

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

3.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

4.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

5.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

6.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

7.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

8.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

9.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

10.

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?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

11.

Consider the following statements about Tax Terrorism:

1. It is the practice adopted by the Government to impose large unjustified taxes.

2. Retrospective taxation is also considered as Tax terrorism.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

12.

Consider the following statements about Green Bonds:

1. All green bonds are debt instruments.

2. The capital raised from green bonds is used only to fund green projects like renewable energy, emission reductions.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

13.

Consider the following statements about Small Finance Banks:

1. Small Finance Banks are niche banks that cater to specific sections of the population.

2. These banks accept deposits and advance loans.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

14.

Consider the following statements about Banking Transaction Tax:

1. BCTT is a tax levied on cash transactions above a specified limit.

2. The purpose of BCTT is to trace the source of money.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

15.

Consider the following statements about Advance Price Agreements:

1. APAs help the companies to plan their tax payments in a better way.

2. APAs are useful in avoiding double taxation.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

16.

Consider the following statements:

1. Arms length pricing and Transfer pricing are one and the same.

2. They refer to the transactions between the 2 divisions of the same company.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

17.

Consider the following statements:

1. All Bank ATMs are owned and operated by the concerned bank.

2. White label ATMs are operated by non bank entities.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

18.

Consider the following statements:

1. Tax mitigation and Tax avoidance are one and the same.

2. Both come under the domain of strategies of Tax planning.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

19.

Consider the following statements about Startups in India:

1. All Start ups need to be registered within the last 5 years.

2. The Startups can be process, product or service oriented.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2

20.

Consider the following statements about Masala Bonds:

1. All Masala bonds are denominated in Indian rupees.

2. These bonds insulate the investors from exchange rate fluctuations.

Which of the above statements are correct?

a)

1 only

b)

2 only

c)

Both 1 and 2

d)

Neither 1 nor 2