Dear Readers,
1-What is meant by a Scheduled Bank ?
(1) A Bank functioning under provisions of Banking Regulation Act. 1949
(2) A Bank included in 2nd schedule of RBI Act 1934
(3) A Bank incorporated under Banking Companies Act. 1956
(4) A Bank authorised to do Banking functions
(5) None of these
2-Which one of the following is not a Quantitative credit control measure of the Reserve Bank of India ?
(1) Bank rate
(2) Statutory cash reserve requirement
(3) Statutory liquidity ratio
(4) Moral Suasion
(5) None of these
3-Fiscal Deficit concept was introduced in Indian economy by
(1) Amartya sen
(2) V. K. R. V. Rao
(3) S. Chakravarty
(4) Madhu Dandavate
(5) None of these
4-Consider the following statements regarding Special Drawing Rights (SDR)-
(A) SDR is known as the paper gold
(B) It is an international unit of account
(C) The IMF pays no interest on all holdings of SDRs, kept in the special drawing account
(D) The Quotas of all currencies in the IMF General account are also valued in terms of the
SDR
(1) A, B and C
(2) B, C and D
(3) A, B and D
(4) A, C and D
(5) None of these
5-Consider the following statement and state which among those is/are correct ?
Regional rural banks in India___
(A) Are required to assist the weaker sections
(B) Are to help small and marginal farmers only
(C) Have free access to liberal financial assistance from NABARD
(D) Have a limited area of operation
(1) A, C and D
(2) Only B
(3) B and C
(4) A and D
(5) None of these
6-In deficit financing, the government borrows money from _____.
(1) RBI
(2) Public
(3) IMF
(4) Capitalists
(5) None of these
7-CSO was established in the year ______.
(1) 1952
(2) 1957
(3) 1954
(4) 1951
(5) None of these
8-On the recommendation of which committee Rail Budget was seperated from General Budget in 1924 ?
(1) Acworth Committee
(2) Hilton Young Committee
(3) Patnayak Economy Committee
(4) Brettenwood Committee
(5) None of these
9-Treasury bills also called as T- bills are the part of ____.
(1) Unorganized Market
(2) Capital Market
(3) Money Market
(4) Commodities Market
(5) None of these
10-Planned expenditure in India is made from _______.
(1) Internal debt and other resources
(2) Assistance from IMF
(3) Assistance from ADB
(4) 1, 2 and 3
(5) None of these
Answer-
1. 2
2. 4
3. 3
4. 3
5.1
6. 1
7. 4
8. 1
9. 3
10. 1
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MAHENDRA GURU