30 JULY 2020 | DAILY WISDOM TEST-THE PT QUEST 2020
DAILY WISDOM TEST-THE PT QUEST 2020
Date:- (30-07-2020)
Question-1
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Date:- (30-07-2020)
Question-1
The correct Answers is
Answer: a)
Explanation:
• Statement 1 is correct: chit fund scheme such as ponzi scheme is a fraudulent investment operation that pays high return to investors.
• Statement 2 is incorrect: Chit funds are not regulated by Central government. Its regulation power is given to respective state government.
Question-2
The correct Answers is
Answer: d)
Explanation:
• Statement 1 is incorrect: Mutual funds are regulated investment fund raised from public. They are regulated by SEBI.
• Statement 2 is incorrect: Hedge funds are unregulated investment fund open to only limited range of investors
Question-3
The correct Answers is
Answer: c)
Explanation:
• Statement 1 is correct: Basel Committee on Banking Supervision was established in 1974 by the Governors of Central Banks belonging to Group of 10 (G-10 ) countries.
• Statement 1 is incorrect: The Committee was expanded in 2009 to 27 jurisdictions. India was included in this expansion. Therefore, India is not founding member.
• Statement 1 is correct: The secretariat of Basel Committee on Banking Supervision (BCBS) is located in Basel, Switzerland at the Bank for International Settlements (BIS). Basel Committee reports to the Group of Governors and Heads of Supervision (GHOS).
Question-4
The correct Answers is
Answer: a)
Explanation:
• Core CPI is a method for measuring core inflation. It is the consumer price index (CPI) excluding energy and food prices. There are many other methods for calculating core inflation, but this is the most popular measurement.
• Core inflation removes the CPI components that can exhibit large amounts of volatility from month to month, which can cause unwanted distortion to the headline figure. The most commonly removed factors are those relating to the cost of food and energy.
Question-5
The correct Answers is
Answer: d)
Explanation:
Please refer to the given diagram
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