Prelims Power Play 6 August 2022

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1. With an eye on inflation amid the prevailing global uncertainties, the Reserve Bank of India (RBI) on Friday announced a hike of 50 bps in the repo rate. Which of the following will be likely impact of the move

Banks are likely to increase their lending rates.
Banks are likely to decrease their deposits rate.

Select the correct answer using the code below:

1 only

2 only

1 and 2 both

None

2. Repo rate recently in news refers to rate

at which RBI lends to commercial banks

at which one bank lends to another banks

at which banks lends to RBI

None of the above.

3. Fiscal stimulus recently in news refers to

a massive cut in the expenditure by the Government to contain fiscal deficit.

It is an intense affirmative action of the Government to boost economic activity in the country

It is Government’s intensive action on financial institutions to ensure disbursement of loans to agriculture and allied sectors to promote greater food production and contain food inflation

It is an extreme affirmative action by the Government to pursue its policy of financial, inclusion

4. The External Sector Report analyzes global external developments and provides multilaterally consistent assessments of external positions of the world’s largest economies. This report is brought by

World Bank

International Monetary Fund

Bank for International settlement

None of the above

5. Consider the following statements

As per the constitution only the senior most judge of Supreme Court can be appointed as the CJI.
Outgoing CJI has no say in appointment of the new CJI.

Which of the above statements is are correct. Select the correct answer:

1 only

2 only

1 and 2 both

None