1. Under the Corporate Debt Restructuring (CDR) mechanism, loan assets of banks have been categorized. Which one of the following statements is not correct?

Ans-Assets belonging to Doubtful and Loss categories come under Category 2

  1. Under which of the following methods of depreciation, amount of depreciation varies every year?

Ans-Written Down Value Method

  1. Usually, the validity period of an Income Tax Refund Order is?

Ans-3 months

  1. What do you mean by “Outcome Budget”?

Ans-It is a report submitted by the Government of India indicating made in different projects by ministries and departments   as a first step towards converting outlays into income

  1. What is “Stagflation”?

Ans-inflation after deflations

  1. What is POP-SP in relation to New Pension System introduced on the 1st May 2009?

Ans-Point of Presence Service Provider for registering the citizens under the Scheme and remitting their subscriptions

  1. What is true about “white Card”?

Ans- It does not carry on its face, the brand of the issuer

  1. When a country decide to conduct trade on favorable terms with another country for mutual benefits, this is called?

Ans-MFN Status

  1. When a security is not treated in the Stock Exchange for a period of ………….. days prior to the date of valuation, it is treated as “Non-Traded” security?

Ans-60 days

  1. When banks invest their deposit accruals in Government securities, it is called?

Ans- Narrow Banking




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