UPSC Current Affairs Practice Questions – 07-08 July 2024

1. Consider the following statements with reference to Credit-Deposit (CD) Ratio:

1. It is a financial metric representing the percentage of loans a bank has issued relative to its total deposits.
2. In case of high Credit-Deposit (CD) Ratio, Banks may be unable to timely meet fulfil their payment obligations.

Which of the statements given above is/are correct?

2. Consider the following statements with reference to Credit Rating Agencies (CRAs):

1. CRAs are regulated by the Securities and Exchange Board of India.
2. CRISIL, CARE, and ICRA are some of the important Credit Rating Agencies (CRAs) of India.

Which of the statements given above is/are correct?

3. Vitarka Mudra, an important gesture in in Buddhist art, refers to

4. Consider the following statements with respect to Unincorporated Enterprises:

1. Fixed and other assets used in unincorporated enterprises do not belong to these enterprises but to their owners.
2. These enterprises as such cannot engage in transactions or contractual relationships with other economic units nor incur liabilities on their own behalf.

Which of the above given statements is/are correct?

5. Consider the following statements:

1. In India, Prime Minister (PM) can be from either House of parliament whereas in UK, PM can only be from the Lower House.
2. In India as well as in Britain, members of the Lower House take an oath of allegiance to the Constitution.

Which of the above given statements is/are correct?