Daily Questions Challenge for IAS PRE (CSAT) Exam (12 February 2016)

Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.

1. Consider the following statements.

1) Hindu Mahasabha founded in 1918 under the presidentship of Madan Mohan Malviya.
2) Fazl-i-Husain was related to unionist party of Punjab.

Which of the above statements is / are true.

(a) 1 only
(b) 2 only
(c) Both 1 & 2
(d) Neither 1 nor 2

2. Consider the following statements. .

1) The Nagpur Flag satyagraha was started in mid-1923.
2) Vaikom Satyagraha was fought for temple entry.

Which of the above statements is / are true.

(a) 1 only
(b) Both 1 & 2
(c) 2 only
(d) Neither 1 nor 2

3. Consider the following statements.

1) Subhas Chandra Bose was related to the Anushilan group.
2) Indian Republican Army was founded by Surya Sen.

Which of the above statements is / are true.

(a) 1 only
(b) 2 only
(c) Neither 1 nor 2
(d) Both 1 & 2

4. Consider the following statements about Simla Conference.

1) Assembled at Simla on 25th June 1945.
2) Abul Kalam Azad participated as Congress President.
3) Gandhi did not attend the conference.

Which of the above statements is / are true.

(a) 1 & 2 only
(b) 2 & 3 only
(c) 1 & 3
(d) All of the above

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:: CSAT (Paper -2) ::

Banking sector reforms in India were introduced in order to improve efficiency in the process of financial intermediation. It was expected that banks would take advantage of the changing operational environment and improve their performance. Towards this end, the Reserve Bank of India initiated a host of measures for the creation of a competitive environment.Deregulation of interest rates on both the deposit and lending sides imparted freedomto Banks to appropriately price their products and services. To compete effectively with nonbanking entities, banks were permitted to undertake newer activities like investment banking, securities trading and insurance business. This eas facilitated through amendments in the relegvant Acts which permitted PSBs to raise equity from the market upto threshold limit (49 percent) and also enabling the entry of new private and foreign banks. This changing face of banking led to an erosion of margins on traditional banking business , promoting banks to search for newer activities to augment their fee income.At the same time, banks also needed to devote focused attention to operastional efficeincy in order to contain their transaction costs. Simultaneouslywith the deregulation measures prudential norms were instituted to strengthen the safety and soundness of the banking system. Recent internal empirical research found that over the period 1992-2003, there has been a discernible improvement in the efficiency of Indian banks. The increasing trend in efficiency has been fairly uniform, irrespective of the ownership pattern. The rate of such improvement has, however, not been sufficiently high. The analysis also reveals that PSBs and private sectors banks in India did not differ significantly in terms of their efficiency measures. Foreign banks, on the other hand, recorded higher efficiency as comparedwith their Indian counterparts.

1. Prudential norms were initiated in the banking sector with a view to

(a) increase operationax efficiency
(b) contain the non-performing assets
(c) strengthen the soundness of banking system
(d) improve the customer service

2. Banking sector reforms in India were introduced for the purpose of

(a) giving more and more employment opportunities to the educated unemployed
(b) taking care of the down trodden masses
(c) increasing efficiency in the banking activities
(d) giving better return to the Central Government

3. Banks can control their transcation costs by

(a) restricting their lending activities
(b) undertaking more and more non-banking activities
(c) encouraging the customers to bankwith other banks
(d) devoting more attention to operational efficienty

4. The recent internal empirical research conducted by the RBI found that

(a) there is cut-throat competition in banking industry
(b) the rate of return is not commensurate with the operational cost
(c) the rate of improvement has not been high
(d) Nationalised banks and private sector banks did differ in the efficiency measures

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