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Q1. With reference to non-banking financial companies (NBFCs) consider the following statements

1. NBFCs cannot accept demand deposits
2. NBFCs cannot issue cheques drawn on itself
3. The deposit insurance facility of DICGC is available to depositors of NBFCs
4. NBFCs are incorporated under the Banking Regulation Act, 1949

Which of the statements given above is/are WRONG?

 
 
 
 

Q2. Open Market Operations (OMOs) have become one of the most important measures taken by RBI in order to control credit expansion in the economy. What do OMOs mean?

 
 
 
 

Q3. Arrange the following capital cities from south to north

1. Bangkok
2. Phnom Penh
3. Vientiane
4. Hanoi

Which of the following options is correct?

 
 
 
 

Q4. With reference to the Economic Advisory Council to the Prime Minister (PMEAC), consider the following statements

1. PMEAC is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Prime Minister of India.
2. PMEAC has been constituted for the first time since independence.
3. The ex officio Chairman is the Prime Minister of India.

Which of the statements given above is/are WRONG?

 
 
 
 

Q5. With reference to the regulation of commodity derivatives in India consider the following statements

1. Forward Markets Commission (FMC) is entrusted with the regulation of commodity markets in India.
2. FMC regulates the commodity derivatives market under the provisions of the Forward Contract Regulation Act (FCRA), 1952.

Which of the statements given above is/are WRONG?