UPSC IAS Prelims Topicwise Questions : Banking And Finance

Which of the following is a direct tax?

New CPI series with base year 2010 are available for five major groups. For which of those five groups CPI-Rural index is not calculated?

Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?
1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.
2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.
3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.
Select the correct code-

Activities of Non Banking Financial Companies (NBFC) are akin to that of banks but there are a few differences. Which of the following are correct regarding NBFCs?
1. NBFC cannot accept demand deposits.
2. Deposit insurance facility is not available to depositors of NBFCs.
3. NBFCs are part of the payment and settlement system.
Select the correct code from below.

An advance of banks is considered as Non Performing Asset (NPA) when
1. Interest and/or principal remains overdue for two harvest seasons but for a period not exceeding two-and-a-half years in the case of agricultural loans.
2. Interest and/or principal remain overdue for a period more than 90 days in respect of a term loan.
Select the correct code from below.