Consider
the following:
1. Credit Information Bureau
(India) Limited (CIBIL),
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2. CRISIL
3. CRIF Highmark
Which of the above is NOT a
private credit databases regulated by RBI under Credit Information Companies
(Regulation) Act, 2005 (CICRA 2005):
a) 1 Only
b) 2 Only
c) 3 Only
d) 1 and 3 Only
Correct Answer: B
Explanation
Presently, four CICs, viz. Credit
Information Bureau (India) Limited i.e CIBIL, Equifax Credit Information Services Private
Limited, Experian Credit Information Company of India Private
Limited and CRIF High Mark Credit
Information Services Private Limited have been granted Certificate of Registration by
RBI. In terms of Section 15 of the Credit Information Companies
(Regulation) Act, 2005 (CICRA).
RBI has proposed the creation of
an integrated facility as PCR which will help to remove inconsistencies such as
information asymmetry and data fragmentation. Public Credit Registry is a database of credit
information which is accessible by all the stakeholders. It generally captures all the relevant
information in one large database on the borrower. It will be managed by a public authority as RBI and
the lenders will have to mandatorily report the loan details.
PCR will assist RBI primarily in
Credit assessment.
Tikdam: CRISIL is a private
credit rating agency and not a CIC. There is only one answer choice that has
CRISIL. Hence our answer is b)
With
reference to 'BHARAT-22', consider the following statements:
1. It is an Exchange Traded Fund
2. It will comprise of 22 stocks
of private sector enterprises only.
3. It will help government sell
equity stakes in state-run firms and also help in achieving its objective to raise Rs. 72,500
crore through disinvestment in the current financial year.
Which of the statements given
above is/are correct?
a) 1, 2 and 3
b) 2 and 3 Only
c) 2 Only
d) 1 and 3 Only
Correct Answer: D
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Explanation
The government of India, in the
Budget speech of 2017, announced its plan to achieve a divestment target of Rs 72,500
crore in the FY 2017-18. Bharat 22 ETF has been set up as one of its vehicle to achieve the
target. It is an open-ended Exchange Traded Fund which will invest in similar composition and
weightages as they appear in Bharat 22 Index. The index is collectively comprised of 22
stocks of Central Public Sector Enterprises (CPSE), Public Sector Banks and private companies which
are Strategic Holding of Specified Undertaking of Unit Trust of India (SUUTI). The said
22 stocks are spread across six sectors (Basic Materials, Energy, Finance, FMCG,
Industrials and Utilities).
Tikdam: 2 and 3 cannot be
simultaneously correct. Why? Government disinvestment happens in a public sector company, not in a
private company. So one of these is incorrect for sure. Hence,
a) and b) are eliminated. Now one
has 50% probability of getting this question correct.
Consider
the following statements regarding Agricultural and Processed Food Products
Export
Development
Authority (APEDA):
1. APEDA is statutory authority
related to exports of agricultural products and functions under Union Ministry of Commerce and
Industry.
2. Finance Minister of India is
the ex officio chairman of APEDA.
3. It looks at the export of
fruits, vegetables, and their processed products, meat and meat products, poultry and dairy
products.
Which of the statements given
above is/are correct?
a) 1, 2 and 3
b) 1 and 2 Only
c) 2 Only
d) 1 and 3 Only
Correct
Answered:D
Explanation
The Agricultural and Processed
Food Products Export Development Authority (APEDA) was established by the Government of
India under the Agricultural and Processed Food Products Export Development Authority Act
passed by the Parliament in December, 1985.
Its primary function is to
achieve development of industries relating to the scheduled products for export by way of providing
financial assistance or otherwise for undertaking surveys and feasibility studies,
participation in enquiry capital through joint ventures and other reliefs and subsidy schemes; Improving of
marketing of the Scheduled products outside India, etc.
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Tikdam: One could have easily
made a guess that the Finance Minister cannot be chairman of a body which has something to do with
Agriculture. The only answer choice which does not
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