Economy

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4 questions

2017 · Question 40 · Banking
What is the purpose of setting up of Small Finance Banks (SFBs) in India ? 1. To supply credit to small business units 2. To supply credit to small and marginal farmers 3. To encourage young entrepreneurs to set up business particularly in rural areas. Select the correct answer using the code given below :
Choose your answer(a)1 and 2 only(b)2 and 3 only(c)1 and 3 only(d)1, 2 and 3
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2017 · Question 43 · Banking
Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’ ?
Choose your answer(a)Mobile wallets will not be necessary for online payments.(b)Digital currency will totally replace the physical currency in about two decades.(c)FDI inflows will drastically increase.(d)Direct transfer of subsidies to poor people will become very effective.
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2017 · Question 64 · Banking
Which of the following statements best describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news ?
Choose your answer(a)It is a procedure for considering ecological costs of developmental schemes formulated by the Government.(b)It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.(c)It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.(d)It is an important provision in ‘The Insolvency and Bankruptcy Code’ recently implemented by the Government.
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2017 · Question 79 · Banking
Consider the following statements : 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of the statements given above is/are correct ?
Choose your answer(a)1 only(b)2 only(c)Both 1 and 2(d)Neither 1 nor 2
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’ ?

Which of the following statements best describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news ?

Consider the following statements : 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of the statements given above is/are correct ?