APPSC Group II Exam Main Examination ... Material for Paper -III

1) Central Government in September 2016 constituted the MPC. Who is the Chairperson of Monetary Policy Committee(MPC) ?

a)Governor of the Reserve Bank of India

b)Union Finance Minister

c) Union Agriculture Minister

d) Union Labour Minister

e) Union Industries Minister

Ans: a

2)Which of the following is correct about Liquidity Adjustment Facility (LAF) ?

a) The LAF consists of overnight as well as term repo auctions

b) Progressively, the Reserve Bank has increased the proportion of liquidity injected under fine-tuning variable rate repo auctions of tenors ranging between overnight and 56 days.

c) The aim of term repo is to help develop the inter-bank term money market, which in turn can set market based benchmarks for pricing of loans and deposits, and hence improve transmission of monetary policy..

d) The Reserve Bank also conducts variable interest rate reverse repo auctions, as necessitated under the market conditions

e) All the above

Ans:e

3)  Which banks are not authorised banks to accept deposits under Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016  ?

a) Public Sector Banks

b) Co-operative Banks

c) State Bank Group Banks

d) Banks nationalized in 1980

e) None of these

Ans:b

4) ACU is only a mechanism for settlement of payments between participating countries . In the abbreviation ACU, the letter A stands for what ?

a) African

b)Asian ( ACU : Asian Clearing Union )

c) Associated

d) Amazon

e) None of these

Ans:b

5) In its drive to promote digital payments, the  central government is emphasizing on AePS. In the term AePS what does letter ‘A’ stand for?

a) Advance

b) Accredited

c) Associated

d) Aadhar

e) Account

Ans: d

6)   The National Payments Corporation of India (NPCI) is an umbrella organisation for all retail payment systems in the country. It was set up in which year ?

a) 2009

b) 1991

c) 1999

d) 2001

e) None of these

Ans:a

7) ______ and India Post Payments Bank (IPPB) have signed an MoU, whereby the former will provide technology platform for pilot launch of the latter.

a) SBI

b) CBI

c) PNB

d) BOI

e) BoB

Ans:c

8) The Union Cabinet has given its in-principle nod for listing of all the five PSU general insurance companies. Which of the following is NOT a PSU general insurer?

a) National Insurance Company Ltd.

b) New India Assurance Company Ltd.

c) Oriental Insurance Company Ltd.

d) United India Insurance Company Ltd.

e) HDFC Life

Ans: e

9) Only cash, deposits can be declared under the central government’s   PMGKY scheme. What do letters ‘GKY’ stands for in the term PMGKY?

a) Garib Kalyan Yojana

b) Gram Kalyan Yojana

c) Gruha Kalyan Yojana

d) Great Kalyan Yojana

e) None of these

Ans:a

10) The Bharatiya Reserve Bank Note Mudran Pvt Ltd has set a record (printed 10.9 mn currency note in a day) in currency note printing. The printing press is situated in ______

a)Dispur

b) Kohima

c) Mysuru

d) Shillong

e) Gangtok

Ans:c