Deck-1 Flashcards

1
Q

According to World Economic Outlook update of IMF, january 2024, world trade volume is projected to grow from _______ in 2023 to ________ in 2024

A

Volume is projected to grow from 0.4 percent in 2023 to 3.3 percent in 2024

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2
Q

According to the IMF, the gross public debt to GDP ratio of AEs(Advanced Economies) came down marginally to 65.3% in 2022 and is projected to rise to __________ in 2028

A

projected to rise to 78.1 per cent in 2028

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3
Q

At present, ______________are permitted to use only Interest Rate Futures (IRFs) for proprietary hedging. It has now been decided to allow __________ to use permissible rupee interest derivative products. This will allow further flexibility to ________ for hedging their interest rate risk and enhance their resilience.

A

Small finance Banks permitted to use Interest rate futures for proprietary Hedging but now SFBs permissible to use Rupee Interest Derivative products

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4
Q

According to the IMF, the general government debt to GDP ratio of India increased from 75.0 per cent in 2019 to 88.5 per cent during the pandemic year 2020.This ratio came down to 81.0 per cent in 2022 and is projected to decline to __________ in 2028 (IMF Fiscal Monitor, October 2023).

A

projected to decline to 80.5 per cent in 2028 (IMF Fiscal Monitor, October 2023).

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5
Q

SagarMala project is related to what and under which ministry and related to which mission?

A

Sagarmala project is central sector scheme under MoPSW to port development in country and it is related to maritime India vision 2030.

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6
Q

How funding will be done under Sagarmala scheme?

A

As per revised Funding Guidelines, the fund contribution from Sagarmala Programme (from the budget of Ministry of Ports, Shipping and Waterways) in any project will be limited to 50 per cent of estimated project cost as per DPR or tendered cost.
But for unique projects MoPSW will give 100% funding.

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7
Q

What is the monthly and yearly limit of Small PPIs

A

The monthly limit of small PPIs is Rs.10,000 and yearly limit is Rs. 1,20,000

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8
Q

What is the outstanding amount limit in Full KYC PPIs?

A

Rs. 2,00,000 is the maximum outstanding limit for full KYC PPIs.

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9
Q

Funds transfer limit for Full KYC PPIs is for pre registered beneficiary and non registered beneficiary

A

Rs. 2,00,000 for pre registered Beneficiary and Rs. 10,000 for non registered beneficiary.

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10
Q

Maximum outstanding amount in PPIs mass transit system(PPI-MTS)

A

Rs. 3000

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11
Q

what type of PPIs are permitted for cross border outward transactions

A

Full-KYC PPIs issued by banks having AD-I license shall be permitted to be used in cross-border outward transactions

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12
Q

What is the cash loading limit of PPIs?

A

Cash loading to PPIs shall be limited to Rs.50,000/- per month subject to overall limit of the PPI😊

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13
Q

under which scheme, Bank and non-bank PPI issuer, appointed as Indian agent of authorized overseas principals, shall be permitted to issue full-KYC PPIs to beneficiaries of inward remittances

A

Under MTSS scheme, Money transfer service scheme

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14
Q

How much amount from individual for inward MTSS remittances shall be permitted

A

Rs. 50,000 is permitted for inward remittance and if excess money is sent then the excess would be transferred back to the account of beneficiary.

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15
Q

What is cash withdrawal limit for full KYC PPIs for bank and non bank issuer

A

Bank issuer- Rs. 2,000/transaction and Rs. 10,000 monthly transaction
Non-Bank issuer- Rs. 2000/transaction and Rs. 10,000 monthly transaction

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16
Q

Which type of PPIs provide facility of cash withdrawal and funds transfer- Small PPIs or full KYC PPIs

A

Full KYC PPIs have the facility of funds transfer and cash withdrawal

17
Q

What is the allowed minimum support on domestic products by WTO?

A

For developing countries it is 10% of the total produced
For developed countries it is 5% of the total produced
Moreover, India is breaching the limit consecutively 5th time

18
Q

Which clause gives immunity to countries on breach of minimum support limit on domestic products

A

Bali “Peace Clause” 2013, provides immunity to developing
countries from challenges
for breaching the ceiling
for wheat and rice until a
permanent solution is found.

19
Q

What is Regulatory sandbox?

A

Regulatory sandbox is a framework for live testing of an innovative product in fintech sector in controlled testing environment. The RS allows the regulator, the innovators, the financial service providers (as potential deployers of the technology) and the customers (as final users) to conduct field tests to collect evidence on the benefits and risks on the new financial innovation.

20
Q

On what acts Scheduled bank and NBFCs regulated?

A

Scheduled bank regulated on RBI act 1949
NBFC regulated on RBI act 1934

21
Q

How NBFCs are different from Scheduled Banks

A

i. NBFC cannot accept demand deposits;

ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;

iii. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks

22
Q
A