Daily Current Affairs Questions: 07 July 2020
Question 1. Consider the following statements with respect to Cash Reserve Ratio (CRR) & Statutory Liquid Ratio (SLR)-
- CRR is in form of cash while SLR has both Cash and other assets like gold and government securities.
- CRR controls excess money flow in the economy.
- CRR regulates liquidity while SLR regulates credit growth in the economy.
Which of the statements given above is/are correct ?
(a) 1 & 2
(b) 2 & 3
(c) 1 & 3
(d) 1, 2 & 3
Question 2.Which among the following is/are included in demand liabilities of bank (DL)?
- Current deposits
- Demand liabilities portion of savings bank deposits.
- Balances in overdue fixed deposits, cash certificates and cumulative/recurring deposits payable on demand.
(a) 1 & 2
(b) 2 & 3
(c) 1 & 3
(d) 1, 2 & 3
Question 3.Which among the following is not a quantitative tool of Monetary Policy ?
( a) Moral Suasion
( b) Liquidity Adjustment Facility
( c) Marginal Standing Facility
(d) Reserve Ratios
Question 4 Consider the following statements regarding the draft Environment Impact Assessment 2020 notification:
- It has been issued under the Air (Prevention and Control of Pollution) Act, 1981.
- It provides for conditional post facto clearances for projects in violation of environmental norms.
Which of the statements given above is/are correct?
(a) 1only
(b) 2 only
(c) Both 1 & 2
(d) None
Question 5.Which became the first Asian country to be the ‘Guest of Honour Country’ at the International Book fair, Mexico?
(a) Japan
(b) Singapore
(c) India
(d) China