Practice Quiz set 9 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) Consider the following taxes:- VAT paid during purchase of a tyre tube for a vehicle
- Service Tax paid while making payments of dinner in a restaurant
- Duty paid while importing machinery from abroad
which among the above are “direct taxes”?
(a)
(b)
(c)
(d)
Q-2) Consider the following statements. - Gorewal Committee recommendation led to the establishment of State Bank of India.
- 14 banks were nationalised on July 19, 1969.
Which of the statement(s) given above is/are correct?
(a)
(b)
(c)
(d)
Q-3) Consider the following liquid assets:- Demand deposit with the banks
- Time deposit with the banks
- Savings deposit with the banks
- Currency
The correct sequences of these assets in the decreasing order of liquidity is:
(a)
(b)
(c)
(d)
Q-4) Which of the following measures would result in an increase in the money supply in the economy? - Purchase of government securities from the public by the Central Banks.
- Deposit of currency in commercial banks by the public.
- Borrowing by the government from the Central Bank.
- Sale of government Securities to the public by the Central Bank.
Select the correct answer using the codes given below.
(a)
(b)
(c)
(d)
Q-5) Which of the following grants/ grant direct credit assistance to rural households?
- Regional Rural Banks
- National Bank for Agriculture and Rural Development
- Land Development Banks
Select the correct answer using the codes given below.
(a)
(b)
(c)
(d)
Q-6) Consider the following statements:
- Sensex is based on 50 of the most important stocks available on the Bombay stock Exchange (BSE).
- For calculating the Sensex, all the stock are assigned proportional weightage.
- New York Stock Exchange is the oldest stock exchange in the world.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The ‘BSE SENSEX’ is a value-weighted index composed of 30 stocks and was started on 1 January 1986. The origin of the NYSE can be traced to 17 May 1792.
When the Buttonwood Agreement was signed by 24 stockbrokers outside 68 Wall Street in New York under a buttonwood tree.
Amsterdam Stock Exchange (1602) is considered the oldest in the world and was established by the Dutch East India company.
Q-7) ..... is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.
(a)
(b)
(c)
(d)
Q-8) The slogan ‘Pure Banking, Nothing else’ is raised by
(a)
(b)
(c)
(d)
Q-9) The accounting year of the Reserve Bank of India is
(a)
(b)
(c)
(d)
Q-10) RBI is keeping the policy rate at a higher level for quite some time. Which of the following conditions may have led to such behaviour?
- Inflation in the economy is high
- Inflation expectation in the economy is high
Select the correct answer using the code given below:
(a)
(b)
(c)
(d)
RBI keeps the repo rate high or increases it when the inflation in the economy increases.
When "inflation expectation" of the people is high, i.e. they are expecting that in future inflation will increase, then such a behaviour of the people ultimately leads to higher inflation in the economy due to which RBI increases the repo rate.
So, both the statements are true.