Banking & Insurance - General, Financial & Banking Awareness

Economic Survey, Budget & National Affairs question bank (Current Affairs & Economic Overview)

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Q1.

Insolvency & Bankruptcy Code 2016: In 'Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations', what is the maximum statutory time limit for completing the Corporate Insolvency Resolution Process (CIRP)?

(A)
330 days (including legal extensions and litigation time) (Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations)
(B)
180 days without any extension
(C)
3 years
(D)
60 days
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Q2.

Basel III Accords: In 'Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations', what minimum Capital to Risk-Weighted Assets Ratio (CRAR) must Indian scheduled commercial banks maintain?

(A)
$9\%$ (plus $2.5\%$ Capital Conservation Buffer = $11.5\%$) (Union Budget Highlights, Fiscal Deficit Targets and Revenue Allocations)
(B)
$8\%$ flat
(C)
$15\%$
(D)
$6\%$
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