Copyright @ 2010-2017. All rights reserved.
0 of 5 questions completed
Questions:
Click on ‘Start Test’ button to start the Quiz.
All the Best!
You have already completed the test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 scores, (0)
You have completed the test!
Consider the following statements:
1. India ranks at 5th position in the world when GDP is compared in terms of purchasing power parity.
2. Due to the liberalisation and privatisation in the last three decades, the dominance of the public sector banks in India has been on a decline.
3. The State Bank of India is the only bank to be ranked in the Global top 100.
Which of the statements given above is/are correct?
Statement 1 is incorrect. India Nominal GDP: $2.94 trillion. By the size of its nominal GDP, India stands at the 5th position in the world. India ranks third when GDP is compared in terms of purchasing power parity at $11.33 trillion.
Statement 2 is correct. With state policies shifting towards liberalisation and privatisation in the last three decades and the entry of new private sector banks, the dominance of the public sector banks (PSBs) has been on a decline.
India opened up the economy in the early nineties with some liberal policies known as 'structural adjustments' or 'liberalization' or 'globalization’. The government announced a New Economic Policy on July 24, 1991.
This new model of economic reforms is also known as the LPG (Liberalisation, Privatisation, and Globalisation) model.
The share of PSBs in the total assets of the scheduled commercial banks, which was over 80 per cent in 1997-98 declined to around 70 per cent by 2007-08 and further to below 66 per cent in 2017-18.
Statement 3 is correct. In 2019, when the Indian economy is the fifth-largest in the world, our highest ranked bank-State Bank of India- is ranked a lowly 55th in the world and is the only bank to be ranked in the Global top 100.
India has only one bank in the global top 100 and gets grouped on this characteristic with countries that are a fraction of its size: Finland (about 1/11th), Denmark (1/8th), Norway (1/7th), Austria (about 1/7th), and Belgium (about 1/6th). Countries like Sweden and Singapore, which are respectively about 1/6th and 1/8th the economic size of India, have thrice the number of global banks as India does.
Statement 1 is incorrect. India Nominal GDP: $2.94 trillion. By the size of its nominal GDP, India stands at the 5th position in the world. India ranks third when GDP is compared in terms of purchasing power parity at $11.33 trillion.
Statement 2 is correct. With state policies shifting towards liberalisation and privatisation in the last three decades and the entry of new private sector banks, the dominance of the public sector banks (PSBs) has been on a decline.
India opened up the economy in the early nineties with some liberal policies known as 'structural adjustments' or 'liberalization' or 'globalization’. The government announced a New Economic Policy on July 24, 1991.
This new model of economic reforms is also known as the LPG (Liberalisation, Privatisation, and Globalisation) model.
The share of PSBs in the total assets of the scheduled commercial banks, which was over 80 per cent in 1997-98 declined to around 70 per cent by 2007-08 and further to below 66 per cent in 2017-18.
Statement 3 is correct. In 2019, when the Indian economy is the fifth-largest in the world, our highest ranked bank-State Bank of India- is ranked a lowly 55th in the world and is the only bank to be ranked in the Global top 100.
India has only one bank in the global top 100 and gets grouped on this characteristic with countries that are a fraction of its size: Finland (about 1/11th), Denmark (1/8th), Norway (1/7th), Austria (about 1/7th), and Belgium (about 1/6th). Countries like Sweden and Singapore, which are respectively about 1/6th and 1/8th the economic size of India, have thrice the number of global banks as India does.
NISHTHA Programme has been launched for
• The National Initiative for School Heads' and Teachers' Holistic Advancement (NISHTHA) was launched in the Union Territory of Jammu and Kashmir. It is a pioneering scheme that was earlier launched across the country by the HRD Ministry in August 2019.
• This National Mission aims at improving learning outcomes at Elementary level through integrated Teachers' trainings.
• The Mission aims to build capacities of 42 lakh participants covering all teachers and Heads of Schools at the elementary level in all Government Schools across India as well as faculty members of State Institute of Education (SIE)/ State Council of Educational Research and Training (SCERTs), District Institute of Education and Training (DIET), etc.
• The National Initiative for School Heads' and Teachers' Holistic Advancement (NISHTHA) was launched in the Union Territory of Jammu and Kashmir. It is a pioneering scheme that was earlier launched across the country by the HRD Ministry in August 2019.
• This National Mission aims at improving learning outcomes at Elementary level through integrated Teachers' trainings.
• The Mission aims to build capacities of 42 lakh participants covering all teachers and Heads of Schools at the elementary level in all Government Schools across India as well as faculty members of State Institute of Education (SIE)/ State Council of Educational Research and Training (SCERTs), District Institute of Education and Training (DIET), etc.
The term 'Rollover Risk', sometimes mentioned in the news is related to
• The Non-bank financial institutions raise capital in the short-term (1-3 months) commercial paper (CP) market at a lower cost, as compared to the long term (5-10 years) nonconvertible debenture (NCD) market but face the risk of rolling over the CP debt at short frequencies of a few months.
• The frequent repricing exposes NBFCs to the risk of facing higher financing costs and, in the worst case, credit rationing. Such refinancing risks are termed as Rollover Risk.
• The Non-bank financial institutions raise capital in the short-term (1-3 months) commercial paper (CP) market at a lower cost, as compared to the long term (5-10 years) nonconvertible debenture (NCD) market but face the risk of rolling over the CP debt at short frequencies of a few months.
• The frequent repricing exposes NBFCs to the risk of facing higher financing costs and, in the worst case, credit rationing. Such refinancing risks are termed as Rollover Risk.
Consider the following statements:
1. The Capital Adequacy Ratio(CAR) is the ratio of a bank's capital in relation to its risk-weighted assets and current liabilities.
2. As per RBI's capital adequacy norms, banks are required to maintain the minimum 9% Capital Adequacy Ratio.
Which of the statements given above is/are correct ?
Both the statements are correct.
• Capital Adequacy Ratio (CAR) is the ratio of a bank's capital in relation to its risk-weighted assets and current liabilities. It is decided by central banks and bank regulators to prevent commercial banks from taking excess leverage and becoming insolvent in the process.
• Under Basel III norms, the CAR required is 8% but the RBI has set it at 9% for commercial banks and 12% for public sector banks. A higher CAR for a bank makes it safer for the financial system as it could absorb losses before becoming insolvent.
• The formula used to measure Capital Adequacy Ratio is = (Tier I + Tier II + Tier III(Capital funds)) /Risk weighted assets)
Both the statements are correct.
• Capital Adequacy Ratio (CAR) is the ratio of a bank's capital in relation to its risk-weighted assets and current liabilities. It is decided by central banks and bank regulators to prevent commercial banks from taking excess leverage and becoming insolvent in the process.
• Under Basel III norms, the CAR required is 8% but the RBI has set it at 9% for commercial banks and 12% for public sector banks. A higher CAR for a bank makes it safer for the financial system as it could absorb losses before becoming insolvent.
• The formula used to measure Capital Adequacy Ratio is = (Tier I + Tier II + Tier III(Capital funds)) /Risk weighted assets)
The Samarth scheme has been launched for the capacity building and skill development of the workers of
Samarth (Scheme For Capacity Building In Textile Sector) is a scheme for Capacity Building in Textile Sector (SCBTS) of the Ministry of Textiles is to skill the youth for gainful and sustainable employment in the textile sector for the entire value chain of textile except Spinning and Weaving in the organized sector.
The skilling programmes are being implemented through following Implementing Agencies:
1. Textile Industry
2. Institutions/Organization of the Ministry of Textile/State Governments having training infrastructure and placement tie-ups with the textile industry.
3. Reputed training institutions/ NGOs/ Societies/ Trusts/ Organizations/ Companies /Start Ups / Entrepreneurs active in textile sector having placement tie-ups with textile industry.
Samarth (Scheme For Capacity Building In Textile Sector) is a scheme for Capacity Building in Textile Sector (SCBTS) of the Ministry of Textiles is to skill the youth for gainful and sustainable employment in the textile sector for the entire value chain of textile except Spinning and Weaving in the organized sector.
The skilling programmes are being implemented through following Implementing Agencies:
1. Textile Industry
2. Institutions/Organization of the Ministry of Textile/State Governments having training infrastructure and placement tie-ups with the textile industry.
3. Reputed training institutions/ NGOs/ Societies/ Trusts/ Organizations/ Companies /Start Ups / Entrepreneurs active in textile sector having placement tie-ups with textile industry.