Daily Questions Challenge for IAS PRE (CSAT) Exam (01 March 2016)

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1. Consider the following statements.

1) SARFAESI (Securitization & Reconstruction of Financial Assets & enforcement of Security Interest Act (2002) has given unprecedented powers to banks, financial institutions & asset reconstruction securitization companies to take over management control of a loan defaulter or even capture its assets.
2) GARR (General Anti Avoidance rule) is related to curb black money.

Which of the above statements is / are true.

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

2. Consider the following statements.

1) The idea to create this Super regulatory body was first mooted by Raghu- Ram Rajan & Deepak Parekh Committee.
2) This body is seen as an India's initiative to be better prepared to prevent recession in future.
3) Union Finance Minister will be the chairperson of this body.

Above statements are related to which body.

(a) FRBM
(b) GARR
(c) FSDC
(d) IRDA

3. High Level Committee (HCL) on restructuring of Food Corporation of India (FCI) was headed by

(a) Deepak Parekh
(b) Abhijeet Sen
(c) Pranab Sen
(d) Shanta Kumar

4. Consider the following statements.

1) The GAB (General Arrangements to Borrow) & NBC (New arrangements to Borrow) are credit arrangements between the IMF & a group of members.
2) IMF provide loans to member countries experiencing balance of payment.
3) IMF does not land for specific projects.

Which of the above statements is / are true.

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

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:: CSAT (Paper -2) ::

Directions : In each of these questions, there is some relationship according to some rule between the letters and numerals given in each row. Find the rule in each case and then choose the correct alternative fromamong the four alternatives given under it satisfying the same rule to fill in the vacant places in the third row.