Current events Quiz 02/01/17
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Current Events Quiz will enable you to become stronger in current affairs for prelims 2017. Go through answer key provided for better Gyan. 🙂
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Question 1 of 5
1. Question
2 pointsConsider the statement regarding Marginal Cost based Lending Rate:
- The new framework requires banks to set rates based on their average cost of funds.
- It will improve the transmission of cuts in policy rates to the end-borrowers.
Which of the above statements is/are true?
Correct
What is MCLR?
Context: RBI introduced Marginal Cost based Lending Rates (MCLR) on 17 December
MCLR: The new framework requires banks to set rates based on their marginal cost of funds rather than their average cost of funds. Banks will need to consider their marginal cost of funds, or the cost incurred on incremental deposits across different maturities To this, banks will add their operating costs, the negative carry over of their cash reserve ratio balances with the central bankWhy? To improve the transmission of cuts in policy rates to the end-borrowers.
Incorrect
What is MCLR?
Context: RBI introduced Marginal Cost based Lending Rates (MCLR) on 17 December
MCLR: The new framework requires banks to set rates based on their marginal cost of funds rather than their average cost of funds. Banks will need to consider their marginal cost of funds, or the cost incurred on incremental deposits across different maturities To this, banks will add their operating costs, the negative carry over of their cash reserve ratio balances with the central bankWhy? To improve the transmission of cuts in policy rates to the end-borrowers.
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Question 2 of 5
2. Question
2 pointswhich of the following is not a core industry?
Correct
Weightage of Core Industries in IIP
In terms of percentage, the weightage of all 8 core industries in IIP is around 38%.
the decreasing order of core industries among them is as:
ELECTRICITY> STEEL> REFINERY PRODUCTS> CRUDE> COAL> CEMENT> NATURAL GAS> FERTILIZERSIncorrect
Weightage of Core Industries in IIP
In terms of percentage, the weightage of all 8 core industries in IIP is around 38%.
the decreasing order of core industries among them is as:
ELECTRICITY> STEEL> REFINERY PRODUCTS> CRUDE> COAL> CEMENT> NATURAL GAS> FERTILIZERS -
Question 3 of 5
3. Question
2 pointsConsider the statement Regarding Index of Industrial Production(IIP):
- IIP data is released every month by CSO.
- The current base year is 2004-05.
- Manufacturing has the major share in the index
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Question 4 of 5
4. Question
2 pointsWhich of the following Committee is related to BCCI:
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Question 5 of 5
5. Question
2 pointsConsider the statement regarding Red Sanders:
- its is seen in tropical dry deciduous forest
- it is a variety of teak
- It is mostly concentrated in Cuddapah district of Andhra Pradesh