1) Which of the following ports are correctly matched with their respective countries – \
1. Kyaukphyu – Myanmar
2. Hambantota – Sri Lanka
3. Gwadar – Pakistan
4. Doraleh – Djibouti
A. 1, 2, 3 only
B. 2, 3 only
C. 3 only
D. All are correctly matched
- These are ports being developed by China in various countries. India and US see them as part of having a string of ports in the Indian Ocean.
2) Which of the following is correct in context of Priority Sector Lending Certiﬁcates –
1. The idea of issuing priority sector lending certiﬁcates ﬁrst appeared in the Report of the Dr.Raghu Ram Rajan led Committee on Financial Sector Reforms.
2. There are three kinds of Priority Sector Lending Certiﬁcates.
3. They are based on lines of carbon credit trading, that is, to allow market mechanism to drive priority sector lending by leveraging the comparative strength of different banks.
A. 1 & 2 only
B. 2 & 3 only
C. 1 & 3 only
D. All of the above
- Priority Sector Lending Certiﬁcates (PSLCs) are tradable certiﬁcates issued against priority sector loans of banks so as to enable banks to achieve their speciﬁed target and sub-targets for priority sector lending through purchase of these instruments in the event of a shortfall and at the same time incentivizing the surplus banks to lend more to these sectors.
The idea of issuing priority sector lending certiﬁcates ﬁrst appeared in the Report of the Dr. Raghu Ram Rajan led Committee on Financial Sector Reforms – A Hundred Small Steps.
There are be four kinds of PSLCs
1. PSLC Agriculture: Counting for achievement towards the total agriculture lending target.
2. PSLC SF/MF: Counting for achievement towards the sub-target for lending to Small and Marginal Farmers.
3. PSLC Micro Enterprises: Counting for achievement towards the sub target for lending to Micro Enterprises.
4. PSLC General: Counting for achievement towards the overall priority sector target. Reserve Bank also launched a platform to enable trading in the certificates through its Core Banking Solution (CBS) portal (e-Kuber). All Scheduled Commercial Banks (including Regional Rural Banks), Urban Co-operative Banks, Small Finance Banks (when they become operational) and Local Area Banks are eligible to participate in the trading. Please See It is mandated in India that Priority sector lending (PSL) should constitute 40 percent of Adjusted Net Bank Credit [ANBC] or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.
3) Which of the following is incorrect in context of Trade Facilitation Agreement –
1. It is being undertaken under the aegis of World Bank.
2. India has decided not to be a part of it.
A. 1 only
B. 2 only
- WTO members concluded negotiations at the 2013 Bali Ministerial Conference on the landmark Trade Facilitation Agreement (TFA), which entered into force on 22 February 2017 following its ratiﬁcation by two-thirds of the WTO membership. India ratiﬁed it in 2016. Bureaucratic delays and “red tape” pose a burden for moving goods across borders for traders. Trade facilitation—the simpliﬁcation, modernization and harmonization of export and import processes—has therefore emerged as an important issue for the world trading system. The TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. It further contains provisions for technical assistance and capacity building in this area.
4) Negative Interest Rate Policy signiﬁes –
A. Real rate of interest less than nominal rate of interest.
B. Nominal rate of interest less than real rate of interest.
C. Real rate of interest less than real rate of growth.
D. None of the above
- It is not related as such with real rate of interest or nominal rate of interest or growth rate.During negative interest rate policies, instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe. A negative interest rate policy (NIRP) is an unconventional monetary policy tool whereby nominal target interest rates are set with a negative value, below the theoretical lower bound of zero percent. Negative rates are often used to stimulate economic growth by increasing consumption. It also increases inﬂation when deﬂation is persistent. Negative rates also lead to depreciation of the currency, which increases exports.
5) What are black spots in terms of road safety –
A. They are the points on the road with heavy trafﬁc congestion
B. They are the points on the road with high possibility of accidents
C. They are the points on the road with high density of potholes
D. All of the above
- According to Ministry of Road Transport & Highways (MoRTH), Government of India, road accident black spot on National Highways is a road stretch of about 500m in length in which either 5 road accidents (involving fatalities/grievous injuries) took place during last three calendar years or 10 fatalities took place during last three calendar years. According to National Highway Authority of India (NHAI), hazardous locations are evaluated based on Accidents Severity index (ASI).
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