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UPSC EPFO: Indian Economy Test 1

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Question 1

Which of these is used for the requirement of very short term funds (1-2 days)?

Question 2

Which tax is not regressive in nature?

Question 3

With respect to the startup India, consider the following statements:

1) Fund of Funds for startups is managed by IDBI.

2) Income tax exemption for startups for the first three years of inception.

Which of the statements given above is/are correct?

Question 4

With respect to the domestically systematic Important banks (D-SIBs), consider the following statements:

1) Banks whose assets exceed 2% of GDP are considered part D-SIBs.

2) SBI has a higher additional requirement than ICICI Bank and HDFC Bank.

Which of the statement given above is/are correct?

Question 5

With respect to Non Banking financial corporation, consider the following statements:

1) NBFC cannot accept demand deposits.

2) Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.

3) NBFCs whose asset size is of ₹ 500 cr or more as per last audited balance sheet are considered as systemically important NBFCs.

Which of the above statements is/are correct?

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Feb 1Regulatory Bodies

Posted by:

Saroj SinghSaroj SinghMember since Dec 2019
Community Manager [https://www.quora.com/profile/Saroj-Singh-745]
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