3641: Consider the following statements:
1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.
2. CAR is decided by each individual bank.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
3642: Which one of the following statements is correct ?
Fiscal Responsibility and Budget Management Act (FRBMA) concerns
(a) fiscal deficit only
(b) revenue deficit only
(c) both fiscal deficit and revenue deficit
(d) neither fiscal deficit nor revenue deficit
3643: Which one of the following cities is the seat of Parliament of South Africa?
(a) Cape Town
(b) Johannesburg
(c) Durban
(d) Pretoria
3644: In an open economy, the national income (Y) of the economy is :
If C, I, G, X, M stand for Consumption, Investment, Govt. Expenditure, total exports and total imports respectively.
(a) Y = C + I + G + X
(b) Y = C + I + G - X + M
(c) Y = C + I + G + (X - M)
(d) Y = C + I - G + X - M
3645: In which case a joint session of the Lok Sabha and Rajya Sabha is convened by the President ?
(a) When a Finance Bill is to be passed by the Lok Sabha and the Rajya Sabha with 2/3rd majority
(b) To impeach the President
(c) If after a bill has been passed by one House and transmitted to the other House and the bill is rejected by the other House
(d) All of the above