Indian Economy MCQ-1

Consider the following kinds of credit controls
1. Minimum margins for lending against specific securities.
2. Ceiling on the amounts of credit for certain purposes.
3. Discriminatory rate of interest charged on certain types of advances.
Which of the credit controls given above are used by RBI as a selective credit control measures?

(A) 1 and 2
(B) 1 and 3
(C) 2 and 3
(D) All of these

Consider the following statements
1. Life expectancy at birth
2. Gross enrolment ratio for school
3. Adult literacy rate
4. Per capita income
Which of the statements given above is/are parameters for the measurement of Human Development Index by UNPD?

(A) 1, 2, 3 and 4
(B) 1, 2 and 3
(C) 2 and 3
(D) All of these

With reference to Cooperative Credit Structure of the Indian Economy consider the following statements
1. Central Co-operative Bank is federation of the Primary Agricultural Credit Societies in a specified area

2. State Cooperative banks form apex of the Co-operative Credit Structure.
Which of the statements given above is/are correct?

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

which among the following currencies is the costliest?

(A) French Franc
(B) Swiss Franc
(C) Euro-
(D) Pound sterling

Microfinance is the provision of financial services to the people of low income groups. This includes both consumer and the self-employed. The service/ services rendered under micro-finance is/are
1. Credit facilities
2. Saving facilities
3. Insurance facilities
4. Fund transfer facilities
Which of the statements given above is/are correct?

(A) 1, 2, 3 and 4
(B) 1 and 4
(C) 2 and 3
(D) Only 1

Which one among the following is the equity share issued by a company to its employees or directors at a discount as a consideration for providing know-how or a similar value to the company?

(A) Sweat equity
(B) Debenture equity
(C) Preferential equity
(D) None of the above

Consider the following statements
1. Liquidity aggregates (L3) is disseminated once in a quarter in the Indian Monetary System.
2. Among liquidity aggregates, data on L1 and L2 are published monthly by the Indian Government.
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 of the followings committees has given its recommendations on ‘Financial Inclusion’?

(A) Rakesh Marian Committee
(B) Rangarajan Committee
(C) Sinha Committee
(D) Kelkar Committee

Which one of the following is correctly matched?
List I(Bank)– List II (Headquarter)
1. Standard : United Kingdom Chartered
2. Citibank : United States
3. Dresdner Bank : Germany AG
Select the correct answer using the codes given below

(A) 1 and 2
(B) Only 1
(C) 2 and 3
(D) All of these

Which one among the following is the major shareholder of the State Financial Corporation in India?

(A) State Government
(B) Reserve Bank of India.
(C) Scheduled Commercial Banks
(D) All of the above

Consider the following components
1. Notes in circulation.
2. Circulation of rupee coins.
3. Circulation of small coins.
4. Cash on hand with banks.
Which of the components given above is/are part of the Currency with the Public?

(A) Only 2
(B) 1, 2 and 3
(C) 2, 3 and 4
(D) All of these

Which one of the following agencies of the Indian Government publishes the Narrow Money (M1) and Broad money (M3) on fortnightly basis?

(A) State Bank of India
(B) Security Exchange Board of India
(C) Reserve Bank of India
(D) Central Statistical Organisation

With reference to RRBs, consider following statements

1. Regional Rural Banks (RRBs) are Scheduled Commercial Bank Indian Banking System.
2. Regional Rural banks in India established in the Fifth Five Y Plan.
Which of the statements given above is/are correct?

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

Which among the following rural banks has been named after a river?

(A) Prathana Bank
(B) Varada Grameen Bank
(C) Thar Anchalik Grameen Bank
(D) None of the above

Which one among the following is the total amount of money available in an economy at a specific time?

(A) Near money
(B) Narrow money
(C) Money volume
(D) Money stock

Consider the following statements
1. Reserve Bank of India (RBI) was established in
2. The share capital RBI was divided into shares of 100 each which was entirely owned by private shareholders in the beginning.
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. Scheduled Commercial Banks those which have been included the First Scheduled of RBI Act, 19
2. Non- scheduled Commercial Bai are those which have been included in the Second Scheduled of I Act,
Which of the statements given above is/are correct?

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