Indian Economy MCQ-10

In India, which of the following areas is regulated by the Forward Market! Commission?

(A) Currency Futures Trading
(B) Commodities Futures Trading
(C) Equality Futures Trading
(D) All of the above

Consider the following statements
1. Among liquidity aggregates, the data on L1 and L2 are published monthly by the Reserve Bank of India.
2. Data on Reserve Money (MO) in India is published by the Commercial Banks.
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

Which one of the following States had started the Central Land Development Banking System for the first Time in India?

(A) Chennai, Tamil Nadu
(B) Pune, Maharashtra
(C) Baroda, Gujarat
(D) Bengaluru, Karnataka

Which of the following Indian Banks i: not a Nationalised Bank?

(A) Corporation Bank
(B) Dena Bank
(C) Federal Bank
(D) Vijaya Bank

Consider the following statements
1.Housing Development Finance Corporation Limited (HDFC) is national level housing Finance institution set up in
2. HDFC was established as a subsidiary company of the ICICI.
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 elements
1. New Broad Money (NM3).
2. All Deposits with the Post Office Savings Banks.
3. National Savings Certificates.
4. Term deposits with Term Lending Institutions and Refinancing Institutions (FIs).
5. Term Borrowing by FI s.
6. Certificates of Deposit issued by F I s.
7. Public Deposits of Non-banking Financial Companies.
Which of the elements given above are the major components of Liquidity Aggregate-3 (L3) of the Indian Monetary policy?

(A) 1,3, 4 and 6
(B) 1,2, 4, 5, 6 and 7
(C) 1,2, 3, 4, 5 and 7
(D) All of the above

Government of India, for the first time nationalised 14 large commercial banks in the year

(A) 1956
(B) 1959
(C) 1969
(D) 1963

Match List I with List II and select the correct answer using the codes given below the list
List I-(Events)——–List II (Year)
A. Enactment of Banking Regulation Act 1.1959

B. Nationalization of SBI Subsidiaries 2.1935
C. Nationalization of six banks with deposits over 200 crore. 3. 1980
D. Establishment of Reserve Bank of India 4. 1949
Codes
ABCD

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

India’s market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country, The main reason behind this move is

(A) The desire of the Government of India to attract more foreign investment
(B) Pressure by foreign Governments on India to execute specific mutual agreements on financial services
(C) SEBI’s desire to create a more level playing field for foreign investors
(D) RBIs relevant directive to SEBI

RBI calculates 4 components of money supply, M1, M2, M3, M Which one of the following is not correct?

(A) Currency with public + demand deposits with banks Economy 547
(B) M1 + post office savings deposit
(C) M1 + M2
(D) M3 + total post office deposits

Match List I (Banks) with List 2 (Headquarters) and select the correct answer using the codes given below the list
List I- List Il
A. Allahabad Bank 1. Delhi
B. Central Bank of India 2. Kolkata
C. Indian Overseas Bank 3. Mumbai
D. Punjab National Bank 4. Chennai
Codes
ABCD

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

Currency note of ? 2 denomination an above are liabilities of

(A) Government of India
(B) Reserve Bank of India
(C) State Bank of India
(D) All of the above

Consider the following statements
1. National Housing Bank (NHB) was established by the RBI in
2. NHB is directly financing the schemes of housing for women in India.
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

Gilt-edged means

(A) bullion market
(B) market of Government securities
(C) market of guns
(D) market of pure metals

Which among the following is an asset for a Commercial Bank?

(A) Credit to farmers
(B) Deposit of public
(C) Borrowings from RBI
(D) Demand deposits of industries

Consider the following statements In order to increase the supply of the money
1. the amount of rupee coins and printed paper notes increase in the same proportion.
2. the amount of rupee coin cannot increase commensurate with the paper money.
3. paper money is the best form of money.
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 Companies is eligible for the financial assistance and loans from the Industrial Finance Corporation of India (IFCI)?

(A) Limited Public Companies
(B) Public Co-Operatives
(C) Private Limited Companies
(D) All of the above