Q2.The Moody’s, a credit rating agency, has upgraded India’s sovereign credit rating to ‘Baa2’ from ‘Baa3’. Which of the following statement is correct regarding the status of ‘Baa2’?
Answer : Option AExplaination / Solution:
The US-based major credit rating agency has upgraded India’s sovereign credit rating to ‘Baa2’ from ‘Baa3’ and changed its rating outlook to stable from positive as “risks to its credit profile were broadly balanced”.
Note: A Credit Rating Agency is simply an institution that allocates Credit Ratings to the borrowers.
Q4.The “Bank of China” has launched its first branch of the bank in South Asia. This branch of the bank has opened in which of the following country?
Answer : Option CExplaination / Solution:
The “Bank of China” has launched its first branch in Karachi, Pakistan. It is the first branch of the bank in South Asia. The bank would strengthen the ‘brotherly relations’ between the two countries in the financial sector.
Answer : Option CExplaination / Solution:
To ensure that banks don't go bust, RBI has put in place some trigger points to assess, monitor, control and take corrective actions on banks which are weak and troubled. The process or mechanism under which such actions are taken is known as Prompt Corrective Action, or PCA.
Q8.RBI has increased the foreign portfolio investment limit for G-secs by how much amount?
Answer : Option AExplaination / Solution:
RBI, with effect from January 1 2018, has revised the foreign portfolio investment limit in G secs by 6400, which has raised the limit from the earlier, 2, 50,000 lakh Cr to 2, 56,400 lakh Cr. Foreign portfolio refers to the type of foreign investment where the amount of investment doesn’t exceed the 10% of the total paid up capital of the company.
Q10.India has received a loan of 250 million USD from World Bank for which of the following Project?
Answer : Option AExplaination / Solution:
It’s for the SANKALP scheme, which stands for the “Skills Acquisition and Knowledge Awareness for Livelihood Promotion” that World Bank has sanctioned a loan of 250 million USD. This loan would be used to enhance institutional mechanism for skills development and increase access to market relevant training for the work force.
Total Question/Mark :
Scored Mark :
Mark for Correct Answer : 1
Mark for Wrong Answer : -0.5
Mark for Left Answer : 0