Read the following paragraph below and answer the questions.
India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to the Companies Act, 2013 in April 2014. Businesses can invest their profits in areas such as education, poverty, gender equality, and hunger as part of any CSR compliance. Amid the COVID-19 (coronavirus) outbreak, the Ministry of Corporate Affairs has notified that companies’ expenditures to fight the pandemic will be considered valid under CSR activities. Funds may be spent on various activities related to COVID-19 such as the promotion of healthcare including preventive healthcare and sanitation, and disaster management.
(2 Markers)
Question:
According to section 135 of the Companies Act 2013, what should be the minimum net profit of an organization to constitute a CSR committee?
Rs. 2 crores
Rs. 3 crores
Rs. 4 crores
Rs. 5 crores
Rs. 6 crores
Read the following paragraph below and answer the questions.
India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to the Companies Act, 2013 in April 2014. Businesses can invest their profits in areas such as education, poverty, gender equality, and hunger as part of any CSR compliance. Amid the COVID-19 (coronavirus) outbreak, the Ministry of Corporate Affairs has notified that companies’ expenditures to fight the pandemic will be considered valid under CSR activities. Funds may be spent on various activities related to COVID-19 such as the promotion of healthcare including preventive healthcare and sanitation, and disaster management.
(2 Markers)
Question:
What should be the net worth as per the CSR provisions?
Rs. 225 Crores
Rs. 325 crores
Rs. 400 crores
Rs. 350 crores
Rs. 500 crores
Read the following paragraph below and answer the questions.
India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to the Companies Act, 2013 in April 2014. Businesses can invest their profits in areas such as education, poverty, gender equality, and hunger as part of any CSR compliance. Amid the COVID-19 (coronavirus) outbreak, the Ministry of Corporate Affairs has notified that companies’ expenditures to fight the pandemic will be considered valid under CSR activities. Funds may be spent on various activities related to COVID-19 such as the promotion of healthcare including preventive healthcare and sanitation, and disaster management.
(2 Markers)
Question:
What is the minimum number of the requirement of directors on the CSR committee?
1
2
3
4
5
Read the following paragraph below and answer the questions.
India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to the Companies Act, 2013 in April 2014. Businesses can invest their profits in areas such as education, poverty, gender equality, and hunger as part of any CSR compliance. Amid the COVID-19 (coronavirus) outbreak, the Ministry of Corporate Affairs has notified that companies’ expenditures to fight the pandemic will be considered valid under CSR activities. Funds may be spent on various activities related to COVID-19 such as the promotion of healthcare including preventive healthcare and sanitation, and disaster management.
(2 Markers)
Question:
How many independent directors should be there on the CSR committee?
1
2
3
4
5
Read the paragraph below and answer the following questions.
Fran began her job as supervisor of the training department of a metro bank and trust company almost 4 years ago. She was generally pleased with the 4 trainers and one secretary in her unit. Fran took pride in her ability to create a high morale and high-performance unit. This was particularly pleasing to Fran because they were constantly busy and barely able to keep up with the volume of training expected from them. One day, Fran’s secretary, Judy, knocked on Fran’s door and asked to see her. Fran liked Judy and considered Judy to be one of her stars. In an effort to develop Judy’s talents and abilities, Fran had gone out of her way to give Judy special assignments. By now, Judy worked more as an administrative side than as a secretary.
It was clear that Judy was upset about something as she seated herself in the chair next to Fran’s desk. Slowly, Judy placed a job posting application form in front of Fran. She would not look Fran in the eyes. Fran was surprised, to say the least. As far as Fran knew, Judy liked both her job and working in the training department. In turn, everyone in the department liked and respected Judy. Fran looked over the form and said casually, “so you want to post for the executive secretary job in the branch management division.” “Could I ask you for some additional information, Judy? I am kind of surprised.” Judy looked up and said, “I noticed in last week’s job posting that the executive secretary position is graded as a 14. Now that’s 2 grades higher than my job.” “You know my friend Mary Johnson works over there. She told me that half the time the secretary sits around doing nothing.” Judy continued, gathering some anger in her look and resentment in her voice. “Look, Fran, you know how hard I work, how hard we all work, around here. I mean, I’m always busy. I don’t see why I should work in a job graded at a 12 and work twice as hard and yet not be paid the same as that secretary. The job requirements for the job are just a little higher than mine, and the merit raises you gave me last month hardly helped at all.”
Fran listened; then she replied: “It sounds to me, Judy, that you are feeling angry because you think you should be paid more for the work you do and that you want to switch jobs rather than put up things as they are. Am I right?” Judy nodded her head in agreement. Fran knew, though, that the metro job evaluation system was up to date and that the executive secretary position to which Judy referred did require additional background experience, skills and responsibilities beyond what was needed in Judy’s current job. Because her secretary was such a good employee and a nice person, Fran was quite concerned. She felt strongly that moving to the executive secretary job would not be what Judy really wanted, and she hated to lose Judy, especially if her decision was based on faulty reasoning and the move would not be good for her.
(2 Markers)
Question:
Money is acting as the motivator for Judy in the above case and therefore she is dissatisfied with the job under the supervision of Fran. Which of the following needs are not accomplished in the case of Judy as per the Herzberg Model0?
Esteem Needs
Physiological and Security Needs
Social and Security Needs
Self-Actualization Needs
Psychological Needs
Read the paragraph below and answer the following questions.
Fran began her job as supervisor of the training department of a metro bank and trust company almost 4 years ago. She was generally pleased with the 4 trainers and one secretary in her unit. Fran took pride in her ability to create a high morale and high-performance unit. This was particularly pleasing to Fran because they were constantly busy and barely able to keep up with the volume of training expected from them. One day, Fran’s secretary, Judy, knocked on Fran’s door and asked to see her. Fran liked Judy and considered Judy to be one of her stars. In an effort to develop Judy’s talents and abilities, Fran had gone out of her way to give Judy special assignments. By now, Judy worked more as an administrative side than as a secretary.
It was clear that Judy was upset about something as she seated herself in the chair next to Fran’s desk. Slowly, Judy placed a job posting application form in front of Fran. She would not look Fran in the eyes. Fran was surprised, to say the least. As far as Fran knew, Judy liked both her job and working in the training department. In turn, everyone in the department liked and respected Judy. Fran looked over the form and said casually, “so you want to post for the executive secretary job in the branch management division.” “Could I ask you for some additional information, Judy? I am kind of surprised.” Judy looked up and said, “I noticed in last week’s job posting that the executive secretary position is graded as a 14. Now that’s 2 grades higher than my job.” “You know my friend Mary Johnson works over there. She told me that half the time the secretary sits around doing nothing.” Judy continued, gathering some anger in her look and resentment in her voice. “Look, Fran, you know how hard I work, how hard we all work, around here. I mean, I’m always busy. I don’t see why I should work in a job graded at a 12 and work twice as hard and yet not be paid the same as that secretary. The job requirements for the job are just a little higher than mine, and the merit raises you gave me last month hardly helped at all.”
Fran listened; then she replied: “It sounds to me, Judy, that you are feeling angry because you think you should be paid more for the work you do and that you want to switch jobs rather than put up things as they are. Am I right?” Judy nodded her head in agreement. Fran knew, though, that the metro job evaluation system was up to date and that the executive secretary position to which Judy referred did require additional background experience, skills and responsibilities beyond what was needed in Judy’s current job. Because her secretary was such a good employee and a nice person, Fran was quite concerned. She felt strongly that moving to the executive secretary job would not be what Judy really wanted, and she hated to lose Judy, especially if her decision was based on faulty reasoning and the move would not be good for her.
(2 Markers)
Question:
Judy is dissatisfied with the outcome that she is getting when compared to the efforts that she is putting into her job. Which of the following theories of motivation best depicts Judy’s state of mind in the above case?
Equity Theory
Theory X and Theory Y
Porter and Lawler
Self-Actualization Needs
Herzberg Two Factor Theory
Read the paragraph below and answer the following questions.
Fran began her job as supervisor of the training department of a metro bank and trust company almost 4 years ago. She was generally pleased with the 4 trainers and one secretary in her unit. Fran took pride in her ability to create a high morale and high-performance unit. This was particularly pleasing to Fran because they were constantly busy and barely able to keep up with the volume of training expected from them. One day, Fran’s secretary, Judy, knocked on Fran’s door and asked to see her. Fran liked Judy and considered Judy to be one of her stars. In an effort to develop Judy’s talents and abilities, Fran had gone out of her way to give Judy special assignments. By now, Judy worked more as an administrative side than as a secretary.
It was clear that Judy was upset about something as she seated herself in the chair next to Fran’s desk. Slowly, Judy placed a job posting application form in front of Fran. She would not look Fran in the eyes. Fran was surprised, to say the least. As far as Fran knew, Judy liked both her job and working in the training department. In turn, everyone in the department liked and respected Judy. Fran looked over the form and said casually, “so you want to post for the executive secretary job in the branch management division.” “Could I ask you for some additional information, Judy? I am kind of surprised.” Judy looked up and said, “I noticed in last week’s job posting that the executive secretary position is graded as a 14. Now that’s 2 grades higher than my job.” “You know my friend Mary Johnson works over there. She told me that half the time the secretary sits around doing nothing.” Judy continued, gathering some anger in her look and resentment in her voice. “Look, Fran, you know how hard I work, how hard we all work, around here. I mean, I’m always busy. I don’t see why I should work in a job graded at a 12 and work twice as hard and yet not be paid the same as that secretary. The job requirements for the job are just a little higher than mine, and the merit raises you gave me last month hardly helped at all.”
Fran listened; then she replied: “It sounds to me, Judy, that you are feeling angry because you think you should be paid more for the work you do and that you want to switch jobs rather than put up things as they are. Am I right?” Judy nodded her head in agreement. Fran knew, though, that the metro job evaluation system was up to date and that the executive secretary position to which Judy referred did require additional background experience, skills and responsibilities beyond what was needed in Judy’s current job. Because her secretary was such a good employee and a nice person, Fran was quite concerned. She felt strongly that moving to the executive secretary job would not be what Judy really wanted, and she hated to lose Judy, especially if her decision was based on faulty reasoning and the move would not be good for her.
(2 Markers)
Question:
Which of the following theories of motivation are directly affected in the above case? I) Equity theory II) Maslow’s need hierarchy theory III) Herzberg’s Model of Motivation IV) Alderfer’s ERG model
I, II and IV
I and III
II and III
II, III and IV
I, II, III and IV
Read the paragraph below and answer the following questions.
Fran began her job as supervisor of the training department of a metro bank and trust company almost 4 years ago. She was generally pleased with the 4 trainers and one secretary in her unit. Fran took pride in her ability to create a high morale and high-performance unit. This was particularly pleasing to Fran because they were constantly busy and barely able to keep up with the volume of training expected from them. One day, Fran’s secretary, Judy, knocked on Fran’s door and asked to see her. Fran liked Judy and considered Judy to be one of her stars. In an effort to develop Judy’s talents and abilities, Fran had gone out of her way to give Judy special assignments. By now, Judy worked more as an administrative side than as a secretary.
It was clear that Judy was upset about something as she seated herself in the chair next to Fran’s desk. Slowly, Judy placed a job posting application form in front of Fran. She would not look Fran in the eyes. Fran was surprised, to say the least. As far as Fran knew, Judy liked both her job and working in the training department. In turn, everyone in the department liked and respected Judy. Fran looked over the form and said casually, “so you want to post for the executive secretary job in the branch management division.” “Could I ask you for some additional information, Judy? I am kind of surprised.” Judy looked up and said, “I noticed in last week’s job posting that the executive secretary position is graded as a 14. Now that’s 2 grades higher than my job.” “You know my friend Mary Johnson works over there. She told me that half the time the secretary sits around doing nothing.” Judy continued, gathering some anger in her look and resentment in her voice. “Look, Fran, you know how hard I work, how hard we all work, around here. I mean, I’m always busy. I don’t see why I should work in a job graded at a 12 and work twice as hard and yet not be paid the same as that secretary. The job requirements for the job are just a little higher than mine, and the merit raises you gave me last month hardly helped at all.”
Fran listened; then she replied: “It sounds to me, Judy, that you are feeling angry because you think you should be paid more for the work you do and that you want to switch jobs rather than put up things as they are. Am I right?” Judy nodded her head in agreement. Fran knew, though, that the metro job evaluation system was up to date and that the executive secretary position to which Judy referred did require additional background experience, skills and responsibilities beyond what was needed in Judy’s current job. Because her secretary was such a good employee and a nice person, Fran was quite concerned. She felt strongly that moving to the executive secretary job would not be what Judy really wanted, and she hated to lose Judy, especially if her decision was based on faulty reasoning and the move would not be good for her.
(2 Markers)
Question:
Which of the following motivational decisions should Fran take in order to retain Judy in her present department, working as secretary to Fran?
Since Judy is only considered with money, Fran can satisfy her physiological need to retain her in the present department.
Since Judy is comparing her work, status, and perks with another department within the organisation, Fran must ensure equity among the compared jobs to retain Judy in the present job.
Since Judy is only considered for the position (grade 12 vs grade 14), Fran should talk to the top management and get Judy’s present job graded 14
Since Judy is acting in an amateur manner and not understanding the small differences between her job and the new job, Fran should make her understand that Judy is not capable or qualified enough to be able to work as an executive secretary.
Not enough information provided
Organisational behaviour is concerned with the understanding, prediction and control of human behaviour in organisations. It is primarily concerned with that aspect of human behaviour which is relevant to organisational performance. It studies human behaviour at which levels?
(2 Markers)
Individual Level
Group Level
Organisational Level
Both a) and b)
a), b) and c)
At which level of organisation behaviour does motivation, attitude, etc. affect the organisation behaviour?
Individual Level
Group Level
Organisational Level
Both a) and b)
a), b) and c)
Read the following paragraph below and answer the following questions.
Being able to communicate effectively is one of the most important life skills to learn. Communication itself is defined as transferring information to produce greater understanding. It can be done vocally (through verbal exchanges), through written media (books, websites, and magazines), visually (using graphs, charts, and maps), or non-verbally (body language, gestures, pitch of voice, and tone). All these means of communication skills are essential. Having strong communication skills aids in all aspects of life – from professional life to personal life and everything that falls in between. From a business standpoint, all transactions result from communication. Good communication skills are essential to allow others and yourself to understand information more accurately and quickly in contrast, poor communication skills lead to frequent misunderstandings and frustration. In a 2016 LinkedIn survey conducted in the United States, communication topped the list of the most sought-after soft skills among employers followed by Organisation and Teamwork.
(2 Markers)
Question:
When communication is effective, it leaves all parties involved satisfied and feeling accomplished. By delivering messages clearly, there is no room for understanding or alteration of messages, which decreases the potential for conflict. Effective communication is measured by which of the following?
Receiver
Feedback
Sender
Channel
Message
Read the following paragraph below and answer the following questions.
Being able to communicate effectively is one of the most important life skills to learn. Communication itself is defined as transferring information to produce greater understanding. It can be done vocally (through verbal exchanges), through written media (books, websites, and magazines), visually (using graphs, charts, and maps), or non-verbally (body language, gestures, pitch of voice, and tone). All these means of communication skills are essential. Having strong communication skills aids in all aspects of life – from professional life to personal life and everything that falls in between. From a business standpoint, all transactions result from communication. Good communication skills are essential to allow others and yourself to understand information more accurately and quickly in contrast, poor communication skills lead to frequent misunderstandings and frustration. In a 2016 LinkedIn survey conducted in the United States, communication topped the list of the most sought-after soft skills among employers followed by Organisation and Teamwork.
(2 Markers)
Question:
Process of communication involves certain steps, which one among the following is the first step in the process of communication?
Receiver
Feedback
Decoding the message
Encoding the message
Message
Read the following paragraph below and answer the following questions.
Being able to communicate effectively is one of the most important life skills to learn. Communication itself is defined as transferring information to produce greater understanding. It can be done vocally (through verbal exchanges), through written media (books, websites, and magazines), visually (using graphs, charts, and maps), or non-verbally (body language, gestures, pitch of voice, and tone). All these means of communication skills are essential. Having strong communication skills aids in all aspects of life – from professional life to personal life and everything that falls in between. From a business standpoint, all transactions result from communication. Good communication skills are essential to allow others and yourself to understand information more accurately and quickly in contrast, poor communication skills lead to frequent misunderstandings and frustration. In a 2016 LinkedIn survey conducted in the United States, communication topped the list of the most sought-after soft skills among employers followed by Organisation and Teamwork.
(2 Markers)
Question:
What does it refer to here? “It is the study of the body’s physical movements for the purpose of communication”.
Kinesics
Proxemics
Chronemics
Haptics
Oculesics
Read the following paragraph below and answer the following questions.
Being able to communicate effectively is one of the most important life skills to learn. Communication itself is defined as transferring information to produce greater understanding. It can be done vocally (through verbal exchanges), through written media (books, websites, and magazines), visually (using graphs, charts, and maps), or non-verbally (body language, gestures, pitch of voice, and tone). All these means of communication skills are essential. Having strong communication skills aids in all aspects of life – from professional life to personal life and everything that falls in between. From a business standpoint, all transactions result from communication. Good communication skills are essential to allow others and yourself to understand information more accurately and quickly in contrast, poor communication skills lead to frequent misunderstandings and frustration. In a 2016 LinkedIn survey conducted in the United States, communication topped the list of the most sought-after soft skills among employers followed by Organisation and Teamwork.
(2 Markers)
Question:
In which of the following types of communication networks can a person communicate only with adjoining people?
Wheel
Star
Inverted V
Inverted Y
Circular
Read the following passage and answer the questions
Outsourcing is defined as the NBFC’s use of a third party (either an affiliated entity within a corporate group or an entity that is external to the corporate group) to perform activities on a continuing basis that would normally be undertaken by the NBFC itself, now or in the future.
NBFCs have been outsourcing various activities and are hence exposed to various risks Further, the outsourced activities are to be brought within regulatory purview to protect the interest of the customers of NBFCs and to ensure that the NBFC concerned, and RBI have access to all relevant books, records and information available with a service provider. Some key risks in outsourcing are strategic risk, reputation risk, compliance risk, operational risk, legal risk, exit strategy Risk, counterparty risk, country risk, contractual risk, access risk, concentration and systemic Risk, etc. It is therefore imperative for the NBFC to outsource its activities to ensure sound and responsive risk management practices for effective oversight, due diligence and management of risks arising from such outsourced activities.
(2 Markers)
Question:
Which of the following financial activity cannot be outsourced by an NBFC according to law?
Loan Origination
Supervision of loans
Document processing
Internal Audit and Compliance
All can be outsourced
Read the following passage and answer the questions
Outsourcing is defined as the NBFC’s use of a third party (either an affiliated entity within a corporate group or an entity that is external to the corporate group) to perform activities on a continuing basis that would normally be undertaken by the NBFC itself, now or in the future.
NBFCs have been outsourcing various activities and are hence exposed to various risks Further, the outsourced activities are to be brought within regulatory purview to protect the interest of the customers of NBFCs and to ensure that the NBFC concerned, and RBI have access to all relevant books, records and information available with a service provider. Some key risks in outsourcing are strategic risk, reputation risk, compliance risk, operational risk, legal risk, exit strategy Risk, counterparty risk, country risk, contractual risk, access risk, concentration and systemic Risk, etc. It is therefore imperative for the NBFC to outsource its activities to ensure sound and responsive risk management practices for effective oversight, due diligence and management of risks arising from such outsourced activities.
(2 Markers)
Question:
Which of the following financial activity can be outsourced by an NBFC?
Core Management Functions
Sanctioning of Loans
Data Processing
Management of investment portfolio
None of the Above
Read the following case study and answer the following 4 questions.
Over the years, the role of the AIFIs (EXIM Bank, NABARD, NHB & SIDBI) in the Indian financial system has undergone significant change reflecting the changes in their business models. As the Indian economy grows further, AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect credit to the economic sectors they cater to. It has been decided, therefore, to extend the Basel III Capital framework to the AIFIs as detailed in the following paragraphs.
(2 Markers)
Question:
What is the minimum Capital Adequacy Ratio (CAR) including capital buffer, proposed for All India Financial Institutions (AIFIs) by RBI?
10.5%
11.5%
12%
12.5%
15.0%
Read the following case study and answer the following 4 questions.
Over the years, the role of the AIFIs (EXIM Bank, NABARD, NHB & SIDBI) in the Indian financial system has undergone significant change reflecting the changes in their business models. As the Indian economy grows further, AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect credit to the economic sectors they cater to. It has been decided, therefore, to extend the Basel III Capital framework to the AIFIs as detailed in the following paragraphs.
(2 Markers)
Question:
Which among the following will not be considered tier 2 capital of AIFI according to the Basel III capital framework?
I) Revaluation Reserves
II) General Loan-loss Reserves I
II) Capital Reserve
IV) Statutory Reserves
I & II
II & III
III & IV
I & IV
All the Above
Read the following case study and answer the following 4 questions.
Over the years, the role of the AIFIs (EXIM Bank, NABARD, NHB & SIDBI) in the Indian financial system has undergone significant change reflecting the changes in their business models. As the Indian economy grows further, AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect credit to the economic sectors they cater to. It has been decided, therefore, to extend the Basel III Capital framework to the AIFIs as detailed in the following paragraphs.
(2 Markers)
Question:
PNCPS are allowed to be included in Tier 1 Capital under Basel Norms. What does ‘C’ in PNCPS stand for?
Cumulative
Capital
Convertible
Currency
Called up
Read the following case study and answer the following 4 questions.
Over the years, the role of the AIFIs (EXIM Bank, NABARD, NHB & SIDBI) in the Indian financial system has undergone significant change reflecting the changes in their business models. As the Indian economy grows further, AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect credit to the economic sectors they cater to. It has been decided, therefore, to extend the Basel III Capital framework to the AIFIs as detailed in the following paragraphs.
(2 Markers)
Question:
As per recent guidelines by RBI for issuance of Share Capital by Rural Co-operative Banks, what is the limit of the outstanding amount of PNCPS and Perpetual Debt Instruments along with outstanding innovative Perpetual Debt Instruments (IPDI) of total Tier 1 capital at any point of time?
5%
10%
20%
35%
40%
“Communication is the process of passing information and understanding from one person to another”
Everyone organization follows different communication channels/types. In which of the following types of communication flows from the top level to the lower level of the organisation whose purpose is to communicate policies, procedures, etc.?
(1 Markers)
Downward Communication
Upward Communication
Horizontal Communication
Crosswise Communication
Informal Communication
Overcoming resistance to change is a problem of greater importance in introducing planned change in the organisation. Kurt Lewin has introduced a model of planned change. In which of the following stages of Kurt Lewin’s model do we see reinforcement strategies practices by the management?
(1 Marker)
Refreezing
Moving to the new level
Freeze to unfreeze
Unfreezing
Breaking the ice
Under the Big Five Traits Model there are five basic dimensions of personality. Read the following statement and mark the option of a particular personality which is being discussed. “Rohit works in an IT Co. Because of the complexity of his task, his work requires him to be more organized and disciplined. He has been a sincere student since his school time and his aim was clearly to become an engineer only for the same, he has done his graduation from IIT Delhi so that he can be placed in a good company. “ Based on the above paragraph, which one of the personalities does Rohit have?
(1 Marker)
Conscientiousness
Emotional Stability
Agreeableness
Extroversion
Openness to experience
Which of the ethical terminology is being discussed in the following paragraph? “It refers to the minimization of one’s role in harm or the displacement of the blame onto others. For example, a government-employed torturer or killer might refer to himself as simply following the order of his higher-ups.”
(1 Marker)
Displacement of responsibility
Diffusion of responsibility
Ethical Dilemma
Illusion by respect
Euphemistic Labeling
1 Marker1 Marker
What is the investment and annual turnover criteria for an enterprise as a ‘small enterprise?
Rs.5 crore and Rs.20 crore respectively
Rs.5 crore and Rs.50 crore respectively
Rs.10 crore and Rs.25 crore respectively
Rs.10 crore and Rs.50 crore respectively
Rs.20 crore and Rs.50 crore respectively
Foreign Portfolio Investors (FPIs) is a common way to invest in overseas economies. It includes securities and financial assets held by investors in another country. What is the limit for FPI investment in corporate bonds for FY 2022-23 in India?
(1 Marker)
2%
6%
15%
18%
20%
Which of the following is a 20-character global reference number conceived by G 20 that uniquely identifies every entity or structure that is a party to a financial transaction, in any jurisdiction?
(1 Marker)
IEC
LEI
UPI
TAN
PAN
Fill in the blank with correct option. RBI created the Payments Infrastructure Development Fund (PIDF) which intends to subsidise the development of payment acceptance infrastructure in the country. The PIDF targets to add ______ touch points for digital payment acceptance every year.
(1 Marker)
5 lakh
20 lakh
30 lakh
50 lakh
1 Crore
Read the following statement and fill it with corrcet option.
Commercial bank credit to NBFCs for on-lending to the priority sector is allowed up to _______ of the bank’s total PSL, as per RBI regulations?
(1 Marker)
1%
2.5%
5%
7.5%
15%
What does it refer to here?
I) It involves communication between people who are neither in the same department nor on the same level of organizational structure.
II) It is the least used channel of communication.
III) It generally takes place when members cannot communicate effectively through other channels.
(1 Marker)
Downward Communication
Upward Communication
Horizontal/Lateral Communication
Crosswise/Diagonal Communication
Informal Communication
PASSAGE on “One Nation One Ration Card (ONORC)”
Passage: The One Nation One Ration Card (ONORC) was started initially in 4 States in August 2019. Since then, progressively in a phase-wise manner, the ONROC plan is presently covering nearly 77 Crore beneficiaries (almost 96.8% of NFSA population) in the country.
During the last two years of COVID-19 pandemic, ONORC plan has significantly contributed in ensuring subsidized foodgrains to NFSA (National Food Security Act) beneficiaries, especially migrant beneficiaries. This is one-of-its-kind Citizen Centric initiative in the country, which is swiftly implemented in a short-span of time covering about 80 Crore beneficiaries, after being initiated in August 2019.
Question:
The scheme mentioned in the passage has been awarded with Prime Minister’s Award for Excellence in Public Administration, 2020 on which of the following day? (2 marks)
75th Independence Day
International Women's Day
73rd Republic Day
15th Civil Services Day
Good Governance Day
PASSAGE on “One Nation One Ration Card (ONORC)”
Passage: The One Nation One Ration Card (ONORC) was started initially in 4 States in August 2019. Since then, progressively in a phase-wise manner, the ONROC plan is presently covering nearly 77 Crore beneficiaries (almost 96.8% of NFSA population) in the country.
During the last two years of COVID-19 pandemic, ONORC plan has significantly contributed in ensuring subsidized foodgrains to NFSA (National Food Security Act) beneficiaries, especially migrant beneficiaries. This is one-of-its-kind Citizen Centric initiative in the country, which is swiftly implemented in a short-span of time covering about 80 Crore beneficiaries, after being initiated in August 2019.
Question:
The scheme mentioned in the passage has been implemented for the nation-wide portability of ration cards under which of the following Act? (2 marks)
National Food Security Act 2013
Food Safety and Standards Act, 2006
Food Corporations Act, 1964
National Institute of Food Technology Bill, 2019
None of the above
PASSAGE on “One Nation One Ration Card (ONORC)”
Passage: The One Nation One Ration Card (ONORC) was started initially in 4 States in August 2019. Since then, progressively in a phase-wise manner, the ONROC plan is presently covering nearly 77 Crore beneficiaries (almost 96.8% of NFSA population) in the country.
During the last two years of COVID-19 pandemic, ONORC plan has significantly contributed in ensuring subsidized foodgrains to NFSA (National Food Security Act) beneficiaries, especially migrant beneficiaries. This is one-of-its-kind Citizen Centric initiative in the country, which is swiftly implemented in a short-span of time covering about 80 Crore beneficiaries, after being initiated in August 2019.
Question:
In case of non-supply of the entitled quantities of foodgrains or meals to entitled persons under the scheme mentioned in the passage, such persons shall be entitled to receive such food security allowance from the concerned State Government to be paid to each person, within such time and manner as may be prescribed by the Central Government. These allowances are governed with which among the following act? (2 marks)
Food Security Act 2013
Right to Food Act 2010
Food Incorporations Act, 1955
Food Security Allowance Rules, 2015
None of the above
PASSAGE on “One Nation One Ration Card (ONORC)”
Passage: The One Nation One Ration Card (ONORC) was started initially in 4 States in August 2019. Since then, progressively in a phase-wise manner, the ONROC plan is presently covering nearly 77 Crore beneficiaries (almost 96.8% of NFSA population) in the country.
During the last two years of COVID-19 pandemic, ONORC plan has significantly contributed in ensuring subsidized foodgrains to NFSA (National Food Security Act) beneficiaries, especially migrant beneficiaries. This is one-of-its-kind Citizen Centric initiative in the country, which is swiftly implemented in a short-span of time covering about 80 Crore beneficiaries, after being initiated in August 2019.
Question:
As on February 2022, the scheme mentioned in the passage has been implemented in how many Indian states and UTs? (2 marks)
35
28
27
33
None of the above
PASSAGE ON SMILE SCHEME
The Department of Social Justice & Empowerment is launching the Central Sector scheme, is designed to provide welfare measures to the Transgender community and the people engaged in the act of begging. Under this includes two sub-schemes, which strengthens and expands the reach of the Rights that give the targeted group the necessary legal protection and a promise to a secured life. It keeps in mind the social security that is needed through multiple dimensions of identity, medical care, education, occupational opportunities and shelter.
Question:
Under the scheme, Shelter Homes where food, clothing, recreational facilities, skill development opportunities, recreational activities, medical support etc. will be provided under _____. (2 marks)
Shanti Nivas
Nirmaya Nivas
Garima Greh
Paropkar Greh
None of the above
PASSAGE ON SMILE SCHEME
The Department of Social Justice & Empowerment is launching the Central Sector scheme, is designed to provide welfare measures to the Transgender community and the people engaged in the act of begging. Under this includes two sub-schemes, which strengthens and expands the reach of the Rights that give the targeted group the necessary legal protection and a promise to a secured life. It keeps in mind the social security that is needed through multiple dimensions of identity, medical care, education, occupational opportunities and shelter.
Question:
Which among the following statement is/are correct:
Statements:
1. Skill Development and Livelihood is provided under PM-DAKSH scheme of the Department
2. Setting up of Beggar Protection Cell.
3. It provides scholarships for students studying in IX and till post-graduation to enable them to complete their education
Only 1
Both 2 & 3
Only 3
All 1, 2 & 3
Both 1 & 3
PASSAGE ON SMILE SCHEME
The Department of Social Justice & Empowerment is launching the Central Sector scheme, is designed to provide welfare measures to the Transgender community and the people engaged in the act of begging. Under this includes two sub-schemes, which strengthens and expands the reach of the Rights that give the targeted group the necessary legal protection and a promise to a secured life. It keeps in mind the social security that is needed through multiple dimensions of identity, medical care, education, occupational opportunities and shelter.
Question:
The ministry has allocated Rs. _____ Crore for the scheme from 2021-22 to ________. (2 marks)
Rs. 275 Crore, 2025-26
Rs. 225 Crore, 2024-25
Rs. 405 Crore, 2023-24
Rs. 365 Crore, 2024-25
Rs. 365 Crore, 2025-26
PASSAGE ON RAISINA DIALOGUE
The __X__ is India’s flagship conference on geopolitics and geoeconomics, held annually since 2016. It is organized by the Ministry of External Affairs. The 2022 Edition will have over 100 sessions with over 210 speakers from more than 90 countries and multilateral organisations. A large audience is also likely to join the Dialogue across various social media platforms. The theme for the year is "Terra Nova: Impassioned, Impatient, and Imperiled”
In the past seven years, the __X__ has grown in stature and profile to emerge as a leading global conference on international affairs. It attracts prominent thought leaders from the global strategic and policy-making community to discuss key geopolitical developments and strategic issues facing the world.
Question:
Which of the following refers to (X) in the mentioned passage? (2 marks)
Raisina Dialogue
UN Ocean Conference
G-7 Summit
ASEAN Summit
BRICS Summit
PASSAGE ON RAISINA DIALOGUE
The __X__ is India’s flagship conference on geopolitics and geoeconomics, held annually since 2016. It is organized by the Ministry of External Affairs. The 2022 Edition will have over 100 sessions with over 210 speakers from more than 90 countries and multilateral organisations. A large audience is also likely to join the Dialogue across various social media platforms. The theme for the year is "Terra Nova: Impassioned, Impatient, and Imperiled”
In the past seven years, the __X__ has grown in stature and profile to emerge as a leading global conference on international affairs. It attracts prominent thought leaders from the global strategic and policy-making community to discuss key geopolitical developments and strategic issues facing the world.
Question:
The side events for (X) has taken place in which among the following places: (2 marks)
1. Los Angeles
2. Berlin
3. Washington DC
Only 1
Both 2 & 3
Only 3
All 1, 2 & 3
Both 1 & 3
PASSAGE ON RAISINA DIALOGUE
The __X__ is India’s flagship conference on geopolitics and geoeconomics, held annually since 2016. It is organized by the Ministry of External Affairs. The 2022 Edition will have over 100 sessions with over 210 speakers from more than 90 countries and multilateral organisations. A large audience is also likely to join the Dialogue across various social media platforms. The theme for the year is "Terra Nova: Impassioned, Impatient, and Imperiled”
In the past seven years, the __X__ has grown in stature and profile to emerge as a leading global conference on international affairs. It attracts prominent thought leaders from the global strategic and policy-making community to discuss key geopolitical developments and strategic issues facing the world.
Question:
Which of the following statements are true about the X? (2 marks) Statements:
1. President of the European Commission, Ursula von der Leyen, joined the Inaugural Session of event as Chief Guest.
2. One of the six thematic pillar is Rethinking Democracy: Trade, Tech and Ideology.
3. This event is exclusively attended by Quad group.
Only 1
Both 1 & 2
Only 3
All 1, 2 & 3
Both 1 & 3
PASSAGE ON India-Australia Economic Co-operation and Trade Agreement (ECTA)
India has recently signed the Economic Co-operation and Trade Agreement (ECTA) with a developed country. The Agreement encompasses cooperation across the entire gamut of bilateral economic and commercial relations between the two friendly countries, and covers areas like Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Customs Procedures, Pharmaceutical products, and Cooperation in other Areas. Eight subject specific side letters covering various aspects of bilateral economic cooperation were also concluded as part of the Agreement.
ECTA provides for an institutional mechanism to encourage and improve trade between the two countries. The ECTA covers almost all the tariff lines dealt in by the two countries respectively.
Question:
The above-mentioned passage is discussing about which among the following agreements? (2 mark)
India-UAE Comprehensive Economic Partnership Agreement
India-UK Free Trade Agreement
India-Japan Comprehensive Economic Partnership Agreement
India-Australia Economic Cooperation and Trade Agreement
None of the above
PASSAGE ON India-Australia Economic Co-operation and Trade Agreement (ECTA)
India has recently signed the Economic Co-operation and Trade Agreement (ECTA) with a developed country. The Agreement encompasses cooperation across the entire gamut of bilateral economic and commercial relations between the two friendly countries, and covers areas like Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Customs Procedures, Pharmaceutical products, and Cooperation in other Areas. Eight subject specific side letters covering various aspects of bilateral economic cooperation were also concluded as part of the Agreement.
ECTA provides for an institutional mechanism to encourage and improve trade between the two countries. The ECTA covers almost all the tariff lines dealt in by the two countries respectively.
Question:
After the signing of the trade agreement mentioned in the paragraph, so far how many Free Trade Agreements (FTAs) have been signed by India? (2 mark)
19
13
21
28
16
PASSAGE ON India-Australia Economic Co-operation and Trade Agreement (ECTA)
India has recently signed the Economic Co-operation and Trade Agreement (ECTA) with a developed country. The Agreement encompasses cooperation across the entire gamut of bilateral economic and commercial relations between the two friendly countries, and covers areas like Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Customs Procedures, Pharmaceutical products, and Cooperation in other Areas. Eight subject specific side letters covering various aspects of bilateral economic cooperation were also concluded as part of the Agreement.
ECTA provides for an institutional mechanism to encourage and improve trade between the two countries. The ECTA covers almost all the tariff lines dealt in by the two countries respectively.
Question:
Consider the following statements on the signed agreement, and identify the correct statements: (2 mark) Statements
1. It will enhance the economic cooperation between the two countries.
2. It is the first trade agreement of India with a developed country after more than a decade.
3. Both the countries are part of the Supply Chain Resilience Initiative (SCRI).
Only 1
Both 2 & 3
Only 3
All 1, 2 & 3
Both 1 & 3
PASSAGE ON India-Australia Economic Co-operation and Trade Agreement (ECTA)
India has recently signed the Economic Co-operation and Trade Agreement (ECTA) with a developed country. The Agreement encompasses cooperation across the entire gamut of bilateral economic and commercial relations between the two friendly countries, and covers areas like Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Customs Procedures, Pharmaceutical products, and Cooperation in other Areas. Eight subject specific side letters covering various aspects of bilateral economic cooperation were also concluded as part of the Agreement.
ECTA provides for an institutional mechanism to encourage and improve trade between the two countries. The ECTA covers almost all the tariff lines dealt in by the two countries respectively.
Question:
Under the agreement mentioned in the paragraph, India will be offering preferential access on over 70% of its tariff lines which will be provided under which of the following Act? (2 marks)
Statements:
1. Customs Tariff Act
2. IGST
3. Custom and Excise Act
Only 1
Both 1 & 2
Only 3
All 1, 2 & 3
Both 1 & 3
PASSAGE ON World Bank’s Human Capital Index
lives—is a central driver of sustainable growth and poverty reduction. More human capital is associated with higher earnings for people, higher income for countries, and stronger cohesion in societies.
The __X__ is an international metric that benchmarks the key components of human capital across economies. It was launched in 2018 as part of the Human Capital Project, a global effort to accelerate progress toward a world where all children can achieve their full potential. The new data—collected before the global onset of COVID-19—can act as a baseline to track its effects on health and education outcomes.
World Bank President David Malpass said that the coronavirus has deepened inequality globally, in addition to increasing poverty and distress. “We’re working with countries to try to protect people during the crisis and also invest in them so that we can see the recovery and lay a foundation for future inclusive growth,” he said.
Question:
India has been ranked at the __1___ position in the latest edition of the World Bank’s (X) report, after increase in score to ___2___ from 0.44 in 2018.
What will come in the blank 1 and 2 respectively? (2 marks)
116th, 0.49
115th, 0.52
109th, 0.51
136th, 0.46
86th, 0.49
PASSAGE ON World Bank’s Human Capital Index
lives—is a central driver of sustainable growth and poverty reduction. More human capital is associated with higher earnings for people, higher income for countries, and stronger cohesion in societies.
The __X__ is an international metric that benchmarks the key components of human capital across economies. It was launched in 2018 as part of the Human Capital Project, a global effort to accelerate progress toward a world where all children can achieve their full potential. The new data—collected before the global onset of COVID-19—can act as a baseline to track its effects on health and education outcomes.
World Bank President David Malpass said that the coronavirus has deepened inequality globally, in addition to increasing poverty and distress. “We’re working with countries to try to protect people during the crisis and also invest in them so that we can see the recovery and lay a foundation for future inclusive growth,” he said.
Question:
The (X) includes which of the following data for 174 countries — covering 98 per cent of the world’s population, up to March 2020 to assess the countries? (2 marks)
Statements:
1. Survival
2. Health
3. Education
Only 1
Both 2 & 3
Only 3
All 1, 2 & 3
Both 1 & 3
PASSAGE ON World Bank’s Human Capital Index
lives—is a central driver of sustainable growth and poverty reduction. More human capital is associated with higher earnings for people, higher income for countries, and stronger cohesion in societies.
The __X__ is an international metric that benchmarks the key components of human capital across economies. It was launched in 2018 as part of the Human Capital Project, a global effort to accelerate progress toward a world where all children can achieve their full potential. The new data—collected before the global onset of COVID-19—can act as a baseline to track its effects on health and education outcomes.
World Bank President David Malpass said that the coronavirus has deepened inequality globally, in addition to increasing poverty and distress. “We’re working with countries to try to protect people during the crisis and also invest in them so that we can see the recovery and lay a foundation for future inclusive growth,” he said.
Question:
As of February 2022, how many countries have joined the World Bank’s Human Capital Project, participating and taking action in three distinct areas? (2 marks)
76
63
83
89
71
PASSAGE on Pradhan Mantri Adarsh Gram Yojana
The centrally sponsored scheme of Pradhan Mantri Adarsh Gram Yojana (PMAGY) is being implemented since 2009-10 for integrated development of Scheduled Castes (SCs) majority villages. Since 2018-19, the scheme implementation guidelines were comprehensively revised. During 2021-22, this scheme has been merged with two other existing schemes of this Department to be known as Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), for which an amount of Rs.1800.00 cr. has been allocated for the financial year 2021-22.
The principal objective of the ‘Adarsh Gram’ component of the merged scheme of PMAJAY is integrated development of SC majority villages through convergent implementation of the relevant Central and State Schemes. The scheme was started on pilot basis wherein 1000 such villages were selected. In 2014-15, the scheme was further expanded to 1500 more villages.
Question:
Which among the following states was not included in the initial pilot phase of the scheme? (2 Marks)
Rajasthan
Assam
Bihar
Andhra Pradesh
Tamil Nadu
PASSAGE on Pradhan Mantri Adarsh Gram Yojana
The centrally sponsored scheme of Pradhan Mantri Adarsh Gram Yojana (PMAGY) is being implemented since 2009-10 for integrated development of Scheduled Castes (SCs) majority villages. Since 2018-19, the scheme implementation guidelines were comprehensively revised. During 2021-22, this scheme has been merged with two other existing schemes of this Department to be known as Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), for which an amount of Rs.1800.00 cr. has been allocated for the financial year 2021-22.
The principal objective of the ‘Adarsh Gram’ component of the merged scheme of PMAJAY is integrated development of SC majority villages through convergent implementation of the relevant Central and State Schemes. The scheme was started on pilot basis wherein 1000 such villages were selected. In 2014-15, the scheme was further expanded to 1500 more villages.
Question:
As per the Pradhan Mantri Adarsh Gram Yojana, to capture the Gaps in critical socio-economic ‘Monitorable Indicators’ as part of various sectors/domains, how many socio-economic monitorable indicators have been identified for saturation in selected villages?
(2 Marks)
60
50
40
30
20
PASSAGE on Pradhan Mantri Adarsh Gram Yojana
The centrally sponsored scheme of Pradhan Mantri Adarsh Gram Yojana (PMAGY) is being implemented since 2009-10 for integrated development of Scheduled Castes (SCs) majority villages. Since 2018-19, the scheme implementation guidelines were comprehensively revised. During 2021-22, this scheme has been merged with two other existing schemes of this Department to be known as Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), for which an amount of Rs.1800.00 cr. has been allocated for the financial year 2021-22.
The principal objective of the ‘Adarsh Gram’ component of the merged scheme of PMAJAY is integrated development of SC majority villages through convergent implementation of the relevant Central and State Schemes. The scheme was started on pilot basis wherein 1000 such villages were selected. In 2014-15, the scheme was further expanded to 1500 more villages.
Question:
Which of the following districts won the “best district award” for the implementation of PM Adarsh Gram Yojana? (2 Marks)
Raipur, Chhattisgarh
Hamirpur, Himachal Pradesh
Churu, Rajasthan
Yadgir, Karnataka
Cachar, Assam
In Sovereign Gold Bond Scheme, there is pre-redemption period after 5 years from issuance. After this, there is a 20 day window to apply for redemption. Following 3 persons applied for the pre-redemption in 2022, whose application will be accepted? (1 mark)
Statements:
1. Lady from HUF who has invested 12 kg in SGB in “2017 Series 1.”
2. Lady who has bought bonds in the name of her minor daughter in “2017 Series 2.”
3. Lady who has bought 50 gram in “2016 Series 2.”
Only 1
Both 2 & 3
Only 3
All 1, 2 & 3
Both 1 & 3
Who among the following is/are eligible to receive the benefits under the ‘Pradhan Mantri Kisan Maandhan Yojana’? (1 mark) Statements:
1. Anil is 46 years old, having 5-hectares of cultivable land and has recently applied under the scheme.
2. Harsh is 35 year old, applies for the scheme with an expectation of receiving a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
3. Sahil is 36 year old and smart, enrolled himself in NPS.
Only 1
Both 2 & 3
Only 3
All 1, 2 & 3
Only 2
Match the following, and find the correct pairs: (1 mark)
A-F, B-E
B-E, A-D
A-E, C-F
A-E, B-F
A-F, C-E
Which of the following statements is/are correct with respect to the ‘Bhoomi Rashi Portal’? (1 mark)
Statements:
1. Government has started transferring compensation directly to the beneficiary accounts.
2. It is now integrated with the Public Financial Management System (PFMS) platform.
3. The Portal has been made mandatory for all the Project Implementing Agencies.
Only 1
Both 2 & 3
Only 3
All 1, 2 & 3
Only 2
Rahul has recently completed his graduation with a professional degree. He is interested in doing an internship, and has been sent to the National Cooperative Development Corporation (NCDC) for the same. Under which one of the following schemes, Rahul will be enrolled to gain experience of working in the field to be selfreliant? (1 mark)
Sahakar Mitra: Scheme on Internship Programme
YUVA Sahakar Scheme
Ayushman Sahakar Scheme
All of the above
None of the above
Which one of the following is not the objective of the Pradhan Mantri Matsya Sampada Yojana (PMMSY)? (1 mark)
Enhancement of Production and Productivity
Doubling of incomes of fishers and fish farmers
Strengthen the infrastructure and Post-Harvest Management
Free education to the children of fishers under PMMSY
Providing social, physical and economic security to fishers and fish farmers
Consider the following statements on PM Vaya Vandana Yojana, and identify the correct statements as per scheme: (1 mark)
Statements:
1. The tenure of policy is set at 10 years.
2. One can invest a maximum amount of Rs. 70,000 under PMVVY scheme.
3. Pension will be payable as per the frequency of monthly, quarterly, half-yearly, yearly as per the preference given by the pensioner at the time of purchase.
Only 1
Both 1 & 3
Only 3
All 1, 2 & 3
Both 2 & 3
Consider the following statements on PM e-VIDYA, and identify the correct statements: (1 mark)
Statements:
1. It will enable digital/online/on-air access to education.
2. It includes extensive use of Radio, Community radio and Podcasts.
3. Special e-content for Children with Special Needs especially for the Visually and Hearing impaired learners.
Only 1
Both 1 & 3
Only 3
All 1, 2 & 3
Both 2 & 3
Consider the following statements on Stand-Up India Scheme, and identify the correct statements: (1 mark)
Statements:
1. It facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least 1 SC or ST borrower and at least one woman borrower per bank branch.
2. The loan shall be repayable in up to 7 years with a moratorium period of up to 36- months.
3. The rate of interest applicable on the loan would be the lowest applicable rate of bank for that category not exceeding MCLR+ 4%+ tenor premium.
Only 1
Both 1 & 3
Only 3
All 1, 2 & 3
Both 2 & 3
he benefits under the PM CARES for Children Scheme have been announced recently. Identify the correct statements about the scheme: (1 mark)
Statements:
1. Children who have lost both the parents or legal guardian or adoptive parents or surviving parent to COVID-19 Pandemic are eligible to apply for the scheme.
2. A portal has been launched to register the children under the scheme and also facilitates approval process and all other assistance for children.
3. All eligible children will be added as a beneficiary under Ayushman Bharat Scheme with a health insurance cover of Rs. 1 lakh.
Only 1
Both 1 & 2
Only 3
All 1, 2 & 3
Both 2 & 3