UPSC Quiz – 2020 : IASbaba’s Daily Current

Affairs Quiz Day 2

Archives

Q.1) Which of the following statements with respect to ‘RBI’s Prudential Framework for Resolution of Stressed Assets’ is/are correct?

1. It is applicable to Scheduled Commercial Banks Only.
2. Banks have a review period of 2 days after a borrower defaults to decide on the resolution strategy.

Select the correct statements

1. 1 Only
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.2) ‘Kunming Initiative’ is also referred to

1. BCIM Forum
2. ASEAN
3. BIMSTEC
4. BBIN Initiative

Q.3) Consider the following statements with respect to ‘No Frills accounts’

1. The No Frills account is aimed to offer the most basic banking service to those from the low-income backgrounds.
2. Banks cannot offer cheque book facility to the no-frills account holders.

Select the correct statements

1. 1 Only
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.4) Consider the following statements with respect to ‘Lead Bank’ Scheme

1. It was introduced during the 1991 reforms
2. It was started for providing adequate banking and credit in rural areas through an ‘area approach’, with one bank assigned for one area

Select the correct statements

1. 1 Only
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.5) The term ‘Additive Manufacturing (AM)’ is associated with

1. Fruit based processed food
2. 3D Printing
3. Generic Drugs
4. Defence Industrial Corridors

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All the Best 

IASbaba