Q. What is/are the purpose/purposes of the `Marginal Cost of Funds based Lending Rate (MCLR)’ announced by RBI?

1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances....

Q. The term ‘Core Banking Solutions’ is sometimes seen in the news. Which of the following statements best describes/describe this term?

1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of...

(a) It is the ratio of value of imports to the Gross Domestic Product of a country (b) It is...

1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction...

(a) Rouble (b) Rand (c) Indian Rupee (d) Renminbi Answer: d Explanation: Special Drawing Rights(SDR) What is the SDR? The...

1. Expenditure on acquisition of assets like roads, buildings, machinery, etc. 2. Loans received from foreign governments 3. Loans and...

(a) WTO affairs (b) SAARC affairs (c) UNFCCC affairs (d) India-EU negotiations on FTA Answer: a Explanation: Domestic support in...

1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank. 2. They are the...

1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of...

1. Reducing revenue expenditure 2. Introducing new welfare schemes 3. Rationalising subsidies 4. Reducing import duty Select the correct answer...