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Daily Current Affairs Questions: 07 July 2020

Question 1. Consider the following statements with respect to Cash Reserve Ratio (CRR) & Statutory Liquid Ratio (SLR)-

  1. CRR is in form of cash while SLR has both Cash and other assets like gold and government securities.
  2. CRR controls excess money flow in the economy.
  3. 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)?

  1. Current deposits
  2. Demand liabilities portion of savings bank deposits.
  3. 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:

  1. It has been issued under the Air (Prevention and Control of Pollution) Act, 1981.
  2. 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


Click here to see answers and Explanation


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