Economic Development
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Economic Development questions with answers

3,293 multiple-choice questions. Open any question for its answer and explanation.

Questions asked in State PSC and UPSC prelims, by topic. Each topic also has notes to read.

Read the notes: Money & Banking →

  1. Which of the following statements is not correct regarding Basel III implementation in India ?Asked in APSC CCE Prelims Exam 2018
  2. Which of the following is/are correct about a Bad Bank? (i) A bank that is insolvent (ii) A bank that has become bankrupt (iii) A bank whose NPAs have crossed the tolerable limit (iv) A bank set up to buy bad loans and other illiquid holdings of another financial institution Select the correct answer using the codes given below.Asked in APSC CCE Prelims Exam 2023
  3. The Reserve Bank of India has recently constituted a high-level task force on Public Credit Registry (PCR) to suggest a road map for developing a transparent, comprehensive and near- real-time PCR for India. The task force is headed byAsked in UPSC CDS 1 2018
  4. The Insolvency and Bankruptcy Board of India (IBBI) was established in the yearAsked in UPSC CDS 2 2022
  5. Consider the following statements regarding Advisory Board for Banking and Financial Frauds (ABBFF). 1. It has been constituted by RBI. 2. It conducts first level examination of all bank fraud cases. 3. It periodically carry out frauds analysis in the financial system and give inputs for any policy formulation related to the frauds. Which of the above statements is/are correct?Asked in GPSC Prelims CSP 2 2024
  6. An upsurge has been seen in the NPAs (non- performing assets) of public sector banks recently. Select the correct factors responsible for it. Lower economic growth in the country Aggressive lending by banks in the past, especially during good times Lack of right loan recovery legal provisions Banks switching over to a system based identification of NPAsAsked in GPSC Prelims CSP 2 2019
  7. To reduce the Non-Performing Assets, Government of India followed 4R strategy, the 4Rs Indicate __________.Asked in GPSC Prelims CSP 2 2021
  8. Under the provisions of the Banking Regulation Act, 1949 RBI can 1. Issue directions to banks for resolution of stressed assets 2. Examine on oath any director or other officer of the bank 3. Prohibit banks against entering into any particular transaction Which of the above statements is/are correct?Asked in GPSC Prelims CSP 2 2023
  9. What was the Narasimhan Committee 1991 related to ?Asked in MPSC CS Prelims 2012
  10. Consider the following statements regarding the Non-Performing Asset : It is a loan or an advance where interest and/or instalment of principal remain overdue for a period of more than 90 days in respect of a Term Loan. the instalment of principal or interest thereon remains overdue for two crop seasons for short duration crops. the bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted. Which of the above statements is/are correct ?Asked in PPSC CS Prelims 2013
  11. Which of the following is not associated with financial sector reforms in India initiated after 1991 ?Asked in RPSC RAS Prelims 2024
  12. Match the following and select the correct answer (a) Nayak Committee 1. Unorganised sector (b) Tarapore Commit‐ 2. Centre-state relatee tions (c) Rajamannar Com‐ 3. Availability of Credit mittee to SSI (d) Arjun Sen Gupta 4. Capital account Con‐ Committee vertibilityAsked in TNPSC CS Prelims 2022
  13. Who among the following was the Chairman of the Committee on Financial Sector Assessment (CFSA) set up by the Government of India and the Reserve Bank of India in 2006 to undertake a complete health checkup of the country's financial sector ?Asked in UPSC CAPF 2009
  14. In July, 2011 Eurozone's 17 member countries agreed to give Greece a massive financial bailout worth more than 150 billion dollars to try to rescue Greece's shaken economy. In this respect, which of the following statements is/are correct ? 1. This is for the first time Greece has been given financial bailout by other European countries. 2. Private lenders including banks are also pledging support which will give Greece easier repayment terms. Select the correct answer using the code given below :Asked in UPSC CAPF 2011
  15. Match List I with List II and select the correct answer using the code given below the Lists : List I List II (Committee) (Subject)Asked in UPSC CAPF 2017
  16. Which of the following sectors contribute in recent years to the deterioration of asset quality of commercial banks by way of Non-Performing Assets? 1. Agriculture and allied sector 2. Industrial sector 3. Infrastructure sector 4. Information technology sector Select the correct answer using the code given below:Asked in UPSC CAPF 2020
  17. With reference to Indian economy, the term 'bad bank', frequently mentioned in news, refers toAsked in UPSC CAPF 2022
  18. Which of the following statements best describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A), recently seen in the news?Asked in UPSC IAS 2017
  19. Consider the following statements : 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account- holders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct ?Asked in UPSC IAS 2018
  20. What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?Asked in UPSC IAS 2019
  21. What is the importance of the term “Interest Coverage Ratio” of a firm in India? 1. It helps in understanding the present risk of a firm that a bank is going to give loan to. 2. It helps in evaluating the emerging risk of a firm that a bank is going to give loan to. 3. The higher a borrowing firm’s level of Interest Coverage Ratio, the worse is its ability to service its debt. Select the correct answer using the code given below:Asked in UPSC IAS 2020
  22. The SEBI was given statutory recognition in 1992 on the recommendation ofAsked in WBPSC CS Prelims 2017
  23. PCA stands forAsked in WBPSC CS Prelims 2019
  24. What is ECF?Asked in WBPSC CS Prelims 2019
  25. 'Non-performing Assets' (NPA) of Indian Commercial Banks areAsked in WBPSC CS Prelims 2020