JAIIB IEIFS India Economy And Indian Financial System Question Bank 4

1. Which is not a member of Asian Clearing Union?

a. Iran
b. Bangladesh
c. Myanmar
d. Indonesia

Ans – a

2. According to world bank classification of world economies, India is a ……

a. Low Income
b. Lower Middle-Income
c. Upper Middle-Income
d. Higher Income

Ans – b

3. In accordance with the Priority Sector Lending (PSL) guidelines, which of the following groups do not fall under the category of weaker sections?

a. Small and Marginal farmers
b. Beneficiaries of NRLM, NULM and Self-employment schemes of government
c. Individual women beneficiaries up to Rs 2 lakh per borrower
d. Beneficiaries of Differential Rate of Interest (DRI) scheme

Ans – c

4. What was the minimum threshold for bank deposits set by the Indian Government for nationaization of banks in 1969?

a. Rs. 5,000
b. Rs. 10,000
c. Rs. 15,000
d. Rs. 20,000


5. What is the impact of Ayushman Bharat on Priority Sector Lending?

a. Ayushman Bharat has no impact on Priority Sector lending targets for banks
b. Ayushman Bharat has reduced the priority sector lending targets for banks
c. Ayushman Bharat has increased the priority sector lending targets for banks
d. Ayushman Bharat has introduced a separate lending category for healthcare infrastructure development

Ans – c

6. Factors of production are ……

a. land, labour, capital and entrepreneur
b. land, labour and capital
c. land labour capital and equity
d. land labour and equity

Ans – a


7. What is the benchmark interest rate for MSE (Micro and Small Enterprises) loans?

a. Repo Rate
b. Prime Lending Rate
c. Marginal Cost of Funds based Lending Rate (MCLR)
d. Base Rate

Ans – c

8. Which of the following banks was merged with Bank of Baroda (BOB)?

a. Dena Bank
b. Vijaya Bank
c. Oriental Bank of Commerce
d. Both (a) and (b)

Ans – d

9. What is the Plastic Hackathon 2021?

a. A global initiative to reduce the use of single-use plastics
b. An event to promote the use of plastic in various industries
c. A competition to develop innovative solutions to manage plastic waste
d. A conference to discuss the environmental impact of plastic pollution

Ans – c

10. Maximum sum insured under PMJJBY ……

a. 100000
b. 200000
c. 300000
d. 500000

Ans – b

11. Which entity is responsible for calculation of interest rates on banks’ contributions to Rural Infrastructure Development Fund (RIDF) or other similar funds, if they fail to meet the Priority Sector targets?

a. National Bank for Agriculture and Rural Development (NABARD)
b. Reserve Bank of India (RBI)
c. Ministry of Finance
d. The particular Bank itself

Ans – b

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