Practice Quiz set 3 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   What are the reforms of Narsimham Committee on Banking sector?
  1. Nationalisation of banks should not take place any more.
  2. Private and foreign banks should be set up to promote competition.
  3. There should be a phased reduction of CRR and SLR.
Choose the correct option.

(a)

(b)

(c)

(d)

Q-2)   With reference to the governance of public sector banking in India, consider the following statements.
  1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
  2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)

Q-3)   A company undertakes a public issue which means that _____ .
  1. Shares of the company will be issued only through public sector organizations like banks/central financial institutions etc.
  2. Shares of the company will be issued to general public through the primary market.
  3. means some stakeholders/promoters are leaving the company and wish to sell their stock to general public.

(a)

(b)

(c)

(d)

Q-4)   Consider the following in regards of types of loan:
  1. Draft Loan
  2. Term Loan
  3. Cash credit
  4. Overdraft
Choose the one which is not a loan.

(a)

(b)

(c)

(d)

Explanation:

Types of loan are term loan, cash credit, overdraft, or bills discounted.

Q-5)   Consider the following statements regarding the Office of Economic Advisor (OEA):
  1. It is attached to the Ministry of Finance.
  2. The weekly compilation and Publication of Wholesale Price Indices (WPI) is done by the Office of Economic Advisor.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The Office of the Economic Advisor (OEA) is an attached office of the Ministry of Commerce & Industry.

Q-6)   Which among the following are the Nationalised Banks?
  1. Bank of India
  2. Punjab National Bank
  3. Canara Bank
  4. United Commercial Bank
Choose the code.

(a)

(b)

(c)

(d)

Explanation:

The nationalised banks are Central Bank of India, Bank of India, Punjab National Bank, Canara Bank, United Commercial Bank, Syndicate Bank, Bank of Baroda, United Bank of India, Union Bank of India, Dena Bank, Allahabad Bank, Indian Bank, Indian Overseas Bank Bank of Maharashtra.

Q-7)   A speculator who enters into a purchase transaction with a view to sell in the near future when the price would have risen is called a

(a)

(b)

(c)

(d)

Explanation:

Investors who take a bull approach purchase securities under the assumption that they can be sold later at a higher price.

A "bear" is considered to be the opposite of a bull. Bear investors believe that the value of a specific security or an industry is likely to decline in the future.

Q-8)   Consider the following statements.
  1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
  2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.
  3. Treasury bills offer are issued at a discount from the par value.
Which of the statement(s) given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Q-9)   Brent index is associated with :
  1. crude oil prices
  2. copper future prices
  3. gold future prices
  4. shipping rate index
Which of the following is true?

(a)

(b)

(c)

(d)

Explanation:

Brent Crude is a major trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. Brent Crude is extracted from the North Sea and comprises Brent Blend, Forties Blend, Oseberg and Ekofisk crudes.

The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. The index represents the average price of trading in the 25 days Brent Blend, the Forties, Oseberg, Ekofisk (BFOE) market in the relevant delivery month as reported and confirmed by the industry media.

Q-10)   Consider the following statement:
  1. IRDA is a multimember nodal agency
  2. It is vested with regulatory powers in respect of the insurance sector similar to those vested in SEBI in respect of the capital markets and of RBI for the banking sector.
  3. The IRDA Act, 1999 cleared the way for private sector entry into the insurance business.
Choose the correct statement.

(a)

(b)

(c)

(d)

Explanation:

IRDA is a multimember nodal agency. It is vested with regulatory powers in respect of the insurance sector similar to those vested in SEBI in respect of the capital markets and of RBI for the banking sector.

The IRDA Act, 1999 cleared the way for private sector entry into the insurance business.