Dear Readers,
1-"Open Market Operations" are controlled by -----.
(1) World Bank
(2) IMF
(3) RBI
(4) Finance Ministry
(5) None of these
Ans: 3
2-Which following statement(s) is/are the correct definition of 'payment balance' in economic terms?
(A) This is transaction records among the country in which payment is made in a currency other than US dollar
(B)This is a transaction record between a specific country and all countries.
(C) This is a record of the export/import of a country and the difference of amount in US$
(1) Only A
(2) Only B
(3) Only C
(4) Only A and C
(5) None of these
Ans:2
3-RBI has permitted non-banking finance companies (NBFCs) to enter the _____ business through the joint venture route.
(1) Mutual Fund
(2) Insurance
(3) Universal Banking
(4) Merchant Banking
(5) None of these
Ans:2
4-Which of the following is not a part of the World Bank?
(1) IBRD
(2) ADB
(3) IDA
(4) IFC
(5) MIGA
Ans: 2
5--Which of the following statements is/are true about the shareholding in the Regional Rural Bank (RRB)?
A. Central govt. holds a 50% stake.
B. RBI holds 50% stake.
C. State government holds a 15% stake.
D. Sponsored bank holds a 35% stake.
(1) Only A & B
(2) Only B, C & D
(3) Only A, C & D
(4) Only A & D
(5) None of these
Ans: 3
6-Open market operations of RBI refers to -
(1) Buying and selling of securities
(2) Trading in shares
(3) Auctioning of treasury bills
(4) Selling & purchasing of goods
(5) None of these
Ans: 1
7-Which of the following is called "paper gold"?
(1) Euro
(2) Dollar
(3) Yuan
(4) SDR
(5) None of these
Ans: 4
8-Which of the following is/was Not included in the agenda set for the Banking Reforms in India?
(1) Dismantling of administered interest rates
(2) Measure to strengthen risk management
(3) Promulgation of the SARFAESI Act
(4) Promotion of the concept of easy credit to all with a guaranteed subsidy from the government
(5) None of these
Ans: 4
9-In respect to which one of the following areas the Y. H. Malegam Committee submitted its recommendations?
(1) Interest on Micro Finance loans
(2) Teaser loans
(3) Rural development
(4) Advances in agriculture
(5) None of these
Ans: 1
10-The Agriculture Insurance Company was launched with the help of-
(1) RBI
(2) SIDBI
(3) NABARD
(4) ECGC
(5) None of these
Ans: 3
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MAHENDRA GURU