Current Affairs MCQ for UPSC Exams – 23 October 2015

:: Business ::

1. Consider the following statements

1. The SLR is the portion of the total deposits, which has to be kept with RBI in cash
2.while CRR is the portion of deposit compulsorily parked in government securities.

Which of the above statements is/are true

1. only 1
2. only 2
3. neither 1 nor 2
4. both 1 & 2

2. Consider the following statements

1. The Reserve Bank of India recently issued guidelines for the Gold Monetisation Scheme that allow banks to fix their own interest rates on gold deposits.
2. The gold deposit scheme is aimed at mobilising part of an estimated 20,000 tonnes of idle precious metal with households and institutions

Which of the above statements is/are true

1. only 1
2. only 2
3. neither 1 nor 2
4. both 1 & 2

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