Practice Quiz set 5 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) Which among the following is the type of organised sector of Indian money market?- Call money market
- Treasury Bill Market
- Commercial Bill Market
- Collateral loan market
Choose the correct code.
(a)
(b)
(c)
(d)
The type of organised sector of Indian money market are Call Money Market, Treasury Bill Market, Commercial Bill Market and Collateral loan market
Q-2) The headquarters of RBI is situated at
(a)
(b)
(c)
(d)
Q-3) Consider the following statement regarding inflation:- Inflation is beneficial for senior citizen
- Inflation is beneficial for fixed income citizen
- Inflation is beneficial for borrowers
Choose the person who gets the benefit of inflation.
(a)
(b)
(c)
(d)
Inflation benefits borrowers, as it leads to a fall in the real cost of capital. But this is only a temporary phase and the interest rate is bound to go up to compensate for the inflation.
Q-4) Which of the following measures should be taken when an economy is going through in inflationary pressures?
- The direct taxes should be increased.
- The interest rate should be reduced.
- The public spending should be increased.
Select the correct answer using the codes given below:
(a)
(b)
(c)
(d)
Cost-push inflation occurs when businesses respond to rising costs, by increasing their prices to protect profit margins.
There are many reasons why costs might rise:
- Component costs,
- Rising labour costs and
- higher indirect taxes imposed by the government.
So, direct taxes should be increased when an economy is going through inflationary pressures.
Q-5) Which is the first Private Sector Bank in India to use Software Robotics?
(a)
(b)
(c)
(d)
Q-6) As per Section 24 (2A) of Banking Regulation Act 1949, every banking company in India has to maintain equivalent to an amount which shall not at the close of the business on __________ be less than 25% of the total of its net demand and time liabilities, which is known as SLR.
Which among the following is the correct option?
(a)
(b)
(c)
(d)
Q-7) ”Smart Money” term is used for
(a)
(b)
(c)
(d)
Credit cards are sometimes considered as smart money since they enable transactions without the need for physical cash and that, too, is a convenient manner.
It is plastic money that is used to pay for products and services at over 20 million locations around the world. In purely economic terms, Smart Money refers to investments made by people experienced in matters of finance.
Q-8) Consider the following statements regarding Reserve Bank of India.- It is a banks to the Central Government.
- It formulates and administer monetary policy.
- It acts as an agent of government in respect of India.
- It handles the borrowing programme of Government of India.
Which of these statements are correct?
(a)
(b)
(c)
(d)
Q-9) Consider the following. - Industrial Finance Corporation of India (IFCI)
- Industrial Credit and Investment Corporation of India (ICICI)
- Industrial Development Bank of India (IDBI)
- Unit Trust of India (UTI)
The correct sequence in which the above were established is
(a)
(b)
(c)
(d)
Q-10) Consider the following two statements:
- Headline inflation measures price inflation arising due to all types of commodities in the economy
- Core inflation measures the headline inflation excluding volatile components i.e. food and fuel items
Select the correct answer using the code given below:
(a)
(b)
(c)
(d)