IASbaba's Daily Static Quiz
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DAILY STATIC QUIZ will cover all the topics of Static/Core subjects – Polity, History, Geography, Economics, Environment and Science and technology.
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UPSC Static Quiz - 2020 : IASbaba's Daily Static Quiz - ECONOMY [Day 30]
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Question 1 of 10
1. Question
Consider the following statements regarding SEBI:
- SEBI deals with the registration and regulation of working of Mutual Funds.
- For the protection of investors, SEBI can prohibit any company from issuing advertisement soliciting money from the public for the issue of securities.
Which of the statements given above is/are NOT correct?
Correct
Solution (d)
SEBI deals with the registration and regulation of working of Mutual Funds.
Hence Statement 1 is correct.
For the protection of investors SEBI can prohibit any company from issuing prospectus, any offer document, or advertisement soliciting money from the public for the issue of securities.
Hence Statement 2 is correct.
Incorrect
Solution (d)
SEBI deals with the registration and regulation of working of Mutual Funds.
Hence Statement 1 is correct.
For the protection of investors SEBI can prohibit any company from issuing prospectus, any offer document, or advertisement soliciting money from the public for the issue of securities.
Hence Statement 2 is correct.
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Question 2 of 10
2. Question
Consider the following statements regarding Pension Fund Regulatory and Development Authority (PFRDA):
- PFRDA Act shall apply to all pension schemes which are not regulated by any other enactment.
- The provisions of PFRDA Act shall not apply to the schemes under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Which of the statements given above is/are correct?
Correct
Solution (c)
PFRDA Act shall apply to all pension schemes which are not regulated by any other enactment.
Hence Statement 1 is correct.
The provisions of PFRDA Act hall not apply to the schemes under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Hence Statement 2 is correct.
Incorrect
Solution (c)
PFRDA Act shall apply to all pension schemes which are not regulated by any other enactment.
Hence Statement 1 is correct.
The provisions of PFRDA Act hall not apply to the schemes under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Hence Statement 2 is correct.
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Question 3 of 10
3. Question
Consider the following statements
- Treasury bills are those Government Securities which usually have a maturity period of one year or more.
- Government Securities (G-Secs) are called risk-free gilt-edged instruments.
Which of the statements given above is/are correct?
Correct
Solution (b)
Treasury bills are those Government Securities which usually have a maturity period of less than one year.
Hence Statement 1 is incorrect.
Government Securities (G-Secs) carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.
Hence Statement 2 is correct.
Incorrect
Solution (b)
Treasury bills are those Government Securities which usually have a maturity period of less than one year.
Hence Statement 1 is incorrect.
Government Securities (G-Secs) carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.
Hence Statement 2 is correct.
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Question 4 of 10
4. Question
Consider the following statements:
- Treasury bills are issued at a discount and redeemed at the face value at maturity.
- Cash Management Bills (CMBs) are generally issued for maturities less than 91 days.
Which of the statements given above is/are NOT correct?
Correct
Solution (d)
Treasury bills are zero coupon securities and pay no interest. Instead, they are issued at a discount and redeemed at the face value at maturity.
Hence Statement 1 is correct.
The CMBs have the generic character of T-bills but are issued for maturities less than 91 days.
Hence Statement 2 is correct.
Incorrect
Solution (d)
Treasury bills are zero coupon securities and pay no interest. Instead, they are issued at a discount and redeemed at the face value at maturity.
Hence Statement 1 is correct.
The CMBs have the generic character of T-bills but are issued for maturities less than 91 days.
Hence Statement 2 is correct.
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Question 5 of 10
5. Question
Consider the following statements:
- The Public Debt Office (PDO) of the Reserve Bank of India acts as the depository of G-Secs.
- Most Government bonds in India are issued as fixed rate bonds.
Which of the statements given above is/are correct?
Correct
Solution (c)
The Public Debt Office (PDO) of the Reserve Bank of India acts as the registry / depository of G-Secs and deals with the issue, interest payment and repayment of principal at maturity. Most of the dated securities are fixed coupon securities.
Hence Statement 1 is correct.
Most Government bonds in India are issued as fixed rate bonds. Fixed Rate Bonds are bonds on which the coupon rate is fixed for the entire life (i.e. till maturity) of the bond.
Hence Statement 2 is correct.
Incorrect
Solution (c)
The Public Debt Office (PDO) of the Reserve Bank of India acts as the registry / depository of G-Secs and deals with the issue, interest payment and repayment of principal at maturity. Most of the dated securities are fixed coupon securities.
Hence Statement 1 is correct.
Most Government bonds in India are issued as fixed rate bonds. Fixed Rate Bonds are bonds on which the coupon rate is fixed for the entire life (i.e. till maturity) of the bond.
Hence Statement 2 is correct.
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Question 6 of 10
6. Question
Which among are a part of internal debt of Central Government?
- Market Loans
- Treasury Bills
- Securities against Small Savings.
Select the correct code:
Correct
Solution (d)
Market Loans, Treasury Bills, Securities against Small Savings. Cash Management Bills, Ways & Means Advances etc are included in Internal debt of Central Government.
Incorrect
Solution (d)
Market Loans, Treasury Bills, Securities against Small Savings. Cash Management Bills, Ways & Means Advances etc are included in Internal debt of Central Government.
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Question 7 of 10
7. Question
Consider the following statements:
- FPIs are permitted to invest in Dated Government Securities.
- Investment by any FPI, including investments by related FPIs, shall not exceed 25% of any issue of a corporate bond.
Which of the above statements is/are correct?
Correct
Solution (a)
FPIs are permitted to invest in Dated Government Securities.
Hence Statement 1 is correct
Investment by any FPI, including investments by related FPIs, shall not exceed 50% of any issue of a corporate bond.
Hence Statement 2 is incorrect
Incorrect
Solution (a)
FPIs are permitted to invest in Dated Government Securities.
Hence Statement 1 is correct
Investment by any FPI, including investments by related FPIs, shall not exceed 50% of any issue of a corporate bond.
Hence Statement 2 is incorrect
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Question 8 of 10
8. Question
Consider the following statements:
- The nodal point for FII registrations is SEBI and hence all FIIs must register themselves with SEBI.
- FIIs are entities established or incorporated outside India and make proposals for investments in India.
Which of the above statements is/are correct?
Correct
Solution (c)
The nodal point for FII registrations is SEBI and hence all FIIs must register themselves with SEBI and should also comply with the exchange control regulations of the central bank.
Hence Statement 1 is correct.
Foreign Institutional investors (FIIs) are entities established or incorporated outside India and make proposals for investments in India.
Hence Statement 2 is correct.
Incorrect
Solution (c)
The nodal point for FII registrations is SEBI and hence all FIIs must register themselves with SEBI and should also comply with the exchange control regulations of the central bank.
Hence Statement 1 is correct.
Foreign Institutional investors (FIIs) are entities established or incorporated outside India and make proposals for investments in India.
Hence Statement 2 is correct.
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Question 9 of 10
9. Question
Consider the following statements:
- NSE (National Stock Exchange) has launched India INX, India’s 1st international exchange, located at GIFT CITY IFSC in Ahmedabad.
- Indian Clearing Corporation Limited (ICCL) has been accorded Qualified Central Counterparty (QCCP) status by the NSE (National Stock Exchange)
Which of the statements given above is/are correct?
Correct
Solution (d)
BSE has launched India INX, India’s 1st international exchange, located at GIFT CITY IFSC in Ahmedabad.
Hence Statement 1 is incorrect.
ICCL has been accorded Qualified Central Counterparty (“QCCP”) status by the Securities and Exchange Board of India (“SEBI”)
Hence Statement 2 is incorrect.
Incorrect
Solution (d)
BSE has launched India INX, India’s 1st international exchange, located at GIFT CITY IFSC in Ahmedabad.
Hence Statement 1 is incorrect.
ICCL has been accorded Qualified Central Counterparty (“QCCP”) status by the Securities and Exchange Board of India (“SEBI”)
Hence Statement 2 is incorrect.
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Question 10 of 10
10. Question
Match List I with List II and select the correct answer by using the codes given below the lists:
List I :: List II
(Five Year Plans) :: (Highest priority/emphasis given)
- First FYP :: 1. establishment of a socialistic pattern of society in India
- Second FYP :: 2. agriculture including irrigation and power projects
- Third FYP :: 3. Promotion of equity
- Fourth FYP :: 4. Promotion of equality
- Fifth FYP :: 5. achieve self-reliance, measures for poverty alleviation
Correct
Solution (c)
First FYP agriculture including irrigation and power projects
Second FYP led to establishment of a socialistic pattern of society in India and also emphasized on rapid industrialization and development of basic and heavy industries.
Third FYP Promotion of equality
Fourth FYP Promotion of equity
Fifth FYP achieve self-reliance, direct measures for poverty alleviation (Garibi Hatao)
Incorrect
Solution (c)
First FYP agriculture including irrigation and power projects
Second FYP led to establishment of a socialistic pattern of society in India and also emphasized on rapid industrialization and development of basic and heavy industries.
Third FYP Promotion of equality
Fourth FYP Promotion of equity
Fifth FYP achieve self-reliance, direct measures for poverty alleviation (Garibi Hatao)
