Economy

2 questions

• 2024 · Question 49 · Banking

  With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements : 1. There is no minimum capital requirement for wholly owned banking subsidiaries in India. 2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. 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)

• 2024 · Question 52 · Banking

  Consider the following statements : Statement-I : Syndicated lending spreads the risk of borrower default across multiple lenders. Statement-II : The syndicated loan can be a fixed amount/lump sum of funds, but cannot be a credit line. Which one of the following is correct in respect of the above statements ?

  Choose your answer

  (a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I(b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I(c)Statement-I is correct, but Statement-II is incorrect(d)Statement-I is incorrect, but Statement-II is correct

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  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)