Indian Economy MCQ-3

Which one of the following mom supplies in the Indian economy consist the total post office savings?

(A) M1
(B) M2
(C) M3
(D) M4

Select the All India Financial Institutions (AFFI’ s) currently regulated by the RBI from the given list, using the codes:
1.EximBank
2. NHB
3. NABARD
Codes

(A) 1 and 2
(B) 2 and 3
(C) 1 and 3
(D) 1, 2 and 3

Consider the following statements
1.ln Indian Commercial Banking System, the number of the Non-scheduled Bank is more than the Scheduled Banks.
2. The Non-Scheduled Banks in Indian Commercial Banking System are even less than a dozen in number.
Which of the statements given above is/are correct?

(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 n9r 2

Consider the following statements. Regional Rural Banks
1. have limited area of operations.
2. have free access to liberal refinance facilities with NABARD.

3. are required to lend only to weaker sections.
Which of the statements given above is/are correct?

(A) 1 and 2
(B) 1 and 3
(C) 2 and 3
(D) Only 2

Which one of the following agencies given below has started the RESIDE in India?

(A) NHB
(B) ICICI bank
(C) HDFC
(D) None of these

If all the banks in an economy are nationalised and converted into monopoly banks, the total deposits

(A) will decrease
(B) will increase
(C) Neither increase nor decrease
(D) None of the above

What is Repo Rate?

(A) It is the rate at which RBI sells Government securities to banks
(B) It is the rate at which RBI buys Government securities from banks
(C) It is the rate at which RBI allows small loan in the market
(D) None of the above

Whose signature is found on one rupee notes in India?

(A) The Secretary, Finance
(B) The Governor, RBI
(C) The PM of India
(D) None of the above

Consider the following statements
1. Sect oral currency is a form complementary currency that restricted to a specific sector.
2. Digital gold currency is a form of electronic money based on ounces gold.
Which of the statements given above is/are correct?

(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 nor 2

If the cash Reserve Ratio is lowered by the RBI, its impact on reedit creation will be to

(A) increase it
(B) decrease it
(C) no impact
(D) None of these

With reference to Indian Economy, consider the following statements
1. The Lead Bank scheme was started towards the close of
2. The Lead bank scheme was aimed to bring, a balanced regional development in the country.
Which of the statements given above is/are correct?

(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 nor 2

Match List I (Bank) with List II (Establishment Year) and select the correct answer using the codes given below the list
List I———— List II
A. Allahabad Bank 1. 1894
B. Oriental Bank of Commerce 2. 1943
C. Punjab National Bank 3. 1943
D. UCO Bank 4. 1865
Codes
ABCD

(A) 2 4 3 1
(B) 2 3 4 1
(C) 4 3 1 2
(D) 4 1 3 2

Which one among the following is th ratio to determine the ‘Mone Deepening’ of an economy?

(A) Ratio of average M3 to GDP
(B) Ratio of average M3 to M1
(C) Average ratio of M to MO
(D) Both ‘b’ and ‘c’

Final decision of printing currency in India rests with the

(A) RBI
(B) Ministry of Finance
(C) Cabinet Committee on Economic Affairs
(D) Both ‘a’ and ‘b’

Open market operations of Reserve Bank of India refers to

(A) trading in securities
(B) auctioning of foreign exchange
(C) transaction in Gold
(D) None of the above

Consider the following statements
1. The Lead Bank Scheme was started after the nationalization of the 14-banks.
2. None of the private banks were participated in the lead bank scheme.
Which of the statements given above is/are correct?

(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 nor 2

Consider the following statements
1.Repo bills are typically short-term bills.
2. Repo bills are not unusual to see with a maturity as long as two years.
Which of the statements given above is/are correct?

(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 nor 2