Delhi Police Constable Mock Test - 2 - Delhi Police Constable MCQ

The concept of Fundamental Duties was introduced by the 42nd Amendment to the Indian Constitution in 1976.

Article 47 of the Directive Principles emphasizes the duty of the State to raise the level of nutrition and the standard of living and to improve public health.

The Sarpanch, who is the elected head of the Gram Panchayat, presides over the meetings of the Gram Panchayat.

The Supreme Court of India was established on January 28, 1950.

The Calcutta High Court is also known as the "Chartered High Court" of India.

Nitrogen dioxide is a reddish-brown gas with a pungent, acrid odor and one of the several oxides of nitrogen.
 Sulfur dioxide (SO₂) is a acidic colorless gas with a characteristic, irritating, pungent odor.

Bouncing back of rays of light after hitting a reflecting surface is called reflection of light.

Reflection of light is the phenomenon of bouncing back of light in the same medium on striking the surface of any object.

The transfer of traits from one generation to next generation is called inheritance. Inheritance is carried out by gene located in nucleus of the cell.

Lysosomes are called the "suicide bags" of the cell because their enzymes can break down cellular components, and in certain conditions, they can lead to the digestion of the cell itself.

Daylight Saving Time is used to make better use of natural daylight and save energy by adjusting clocks forward during certain periods.

The theory of Plate Tectonics explains the movement of the Earth's lithospheric plates and their interaction at plate boundaries.

The Himalayas are mainly located in the continent of Asia, spanning several countries including India, Nepal, Bhutan, and China.

S-waves cannot pass through the Earth's liquid outer core as it only allows P-waves to propagate.

The Damodar Valley Corporation (DVC) was established for the Damodar River valley project to control floods and generate hydroelectricity.

The Dhola-Sadiya Bridge, also known as the Bhupen Hazarika Setu, is located in the state of Assam and spans the Lohit River.

GSAT-17 is a communication satellite equipped with transponders that are used to monitor the movement of ships in the Indian Ocean Region (IOR).

Cartosat-3 is capable of capturing high-resolution images with a ground resolution of 10 centimeters, making it one of the most advanced remote sensing satellites in India's fleet.

• The Small Finance Bank (SFB) is a private financial institution intended to further the objective of financial inclusion by primarily undertake basic banking activities of acceptance of deposits and lending to un-served and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganized sector entities, but without any restriction in the area of operations, unlike Regional Rural Banks or Local Area Banks.

• Small Finance Banks were created pursuant to the announcement in Union Budget 2014-2015.

• Eligibility to Setup SFB:

  • Resident individuals/professionals with 10 years of experience in banking and finance and companies and societies owned and controlled by residents will be eligible to set up small finance banks.

  • Existing Non-Banking Finance Companies (NBFCs), Micro Finance Institutions (MFIs), and Local Area Banks (LABs) that are owned and controlled by residents can also opt for conversion into small finance banks.

• Conditions:

  • The minimum capital for SFBs is prescribed at Rs. 100 crore with an initial contribution of 40% coming from the promoters, which over a period of 12 years, have to be reduced to 26%.

  • Foreign Investment is permitted as in the case of other private sector commercial banks.

  • After the small finance bank reaches the net worth of Rs.500 crore, listing its shares on a stock exchange will be mandatory within three years of reaching that net worth.

• Regulations:

  • They are subject to all prudential norms and regulations of RBI as applicable to existing commercial banks like maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). Hence, statement 1 is correct.

  • They are required to extend 75 percent of its Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank. Hence, statement 3 is correct.

  • At least 50 percent of its loan portfolio should constitute loans and advances of up to Rs. 25 lakh.

  • It cannot set up subsidiaries to undertake non-banking financial services activities.

  • It is stipulated that at least 25 percent of its branches shall be in unbanked rural centers. Hence, statement 2 is correct.

• Other function which can be performed by SFB:

  • Distribution of mutual fund units, insurance products, pension products, etc.

  • They can also become a Category II Authorized Dealer in foreign exchange business for its clients’ requirements.

• Statement 1 is not correct: Tax-to-GDP ratio represents the size of a country's tax kitty relative to its GDP. It is a representation of the size of the government's tax revenue expressed as a percentage of the GDP. The higher the tax to GDP ratio the better the financial position the country will be in. The ratio represents that the government is able to finance its expenditure. A higher tax to GDP ratio means that the government is able to cast its fiscal net wide. It reduces a government's dependence on borrowings.

• Statement 2 is not correct: Developed nations typically have higher tax-to-GDP ratios than developing nations.