money supply, banking & financial institutions section 2 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 12 EXERCISES
-
500+ Banking & Money Supply GK MCQ Quiz PDF For IBPS Exam »
-
Top 500+ Indian Financial System GK MCQ Live Quiz For SSC »
-
Top 500+ Money Supply & Banking Functions GK MCQ Quiz PDF »
-
New Banking & Financial Institutions GK MCQ Quiz For RRB »
-
Top 500+ Money Supply Methods & Concepts GK MCQ For UPSC »
-
Banking & Financial Institutions Features GK MCQ Quiz PDF »
-
New 500+ Money Supply Concepts Types Formulas GK MCQ Quiz »
-
499+ Indian Monetary Aggregates & Money Supply GK MCQ PDF »
-
Top 500+ Money & Banking Questions And Answers Test PDF »
-
New Banking & Money Supply Questions And Answers Test PDF »
-
Top 500+ Money Supply Trends & Developments MCQ For IBPS »
-
Top 500+ Banking & Financial Institutions GK MCQ Test PDF »
The following question based on Money Supply, Banking and Financial Institutions topic of indian economy mcq
- A large number of farmers are illiterate and know little about scientific agriculture.
- Prices of primary products are lower than those of manufactured products.
- Investments in agriculture has been low when compared to investment in industry.
(a) 1 and 2
(b) 2 and 3
(c) 1 and 3
(d) 1, 2 and 3
The correct answers to the above question in:
Answer: (d)
Practice Money Supply, Banking and Financial Institutions (money supply, banking & financial institutions section 2) Online Quiz
Discuss Form
Read more money and supply banking financial institutions Based Indian Economy Questions and Answers
Question : 1
A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?
a) It is the impact of drastic deficiency in supply due to failure of crops
b) It is the impact of the price levels of previous year on the calculation of inflation rate
c) It is the impact of the surge in demand due to rapid economic growth
d) None of the statements (a), (b) and (c) given above is correct in this context
Answer »Answer: (b)
Base effect is almost an ubiquitous term which says that the previous data affects the calculation of the current data.
Question : 2
Consider the following statement:
- Bombay Stock Exchange (BSE) is India’s oldest stock exchange
- It formally came into being in 1888
- It was a regional exchange till 2002 when it became a national exchange
a) 2 only
b) 1 only
c) 3 only
d) None of the Above
Answer »Answer: (c)
Bombay Stock Exchange (BSE) India’s oldest stock exchange formally came into being in 1887 and was a regional exchange till 2002 when it became a national exchange.
Question : 3
It is said that, in order to control inflation, foreign inflow needs to be sterlised. Sterlisation here refers to:
a) ensuring that black money is accounted.
b) ensuring that counterfeit currency does not enter circulation
c) compliance with import-export regulations
d) withdrawing equivalent local currency to maintain a desirable rate of exchange
Answer »Answer: (d)
Question : 4
Capitalism is based upon “Laissez-faire system”. What is “Laissez-faire system”?
a) No governmental intervention
b) Role of market forces is minimum
c) Maximum governmental intervention
d) Limited government Intervention
Answer »Answer: (a)
Question : 5
If a country is experiencing inflation then what will decrease:
a) The output of goods and services
b) The amount of money needed to purchase a given quantity of goods and services
c) Wage level
d) Purchasing Power
Answer »Answer: (d)
When a country faces inflation, we require more money to purchase a given quantity of goods and services because the purchasing power of rupee decreases. In case of inflation generally wages increase but nothing can be said about the output.
And in case of inflation, the amount of money needed will be more to purchase the same goods and services.
So, (d) option is true.
Question : 6
With reference to the institution of Banking Ombudsman in India, which one of the statements is not correct?
a) The Banking Ombudsman can consider complaints from non-resident Indians having accounts in India
b) The service provided by the Banking Ombudsman is free
c) The order passed by the Banking Ombudsman are final and binding on the parties concerned
d) The Banking Ombudsman is appointed by the Reserve Bank of India
Answer »Answer: (c)
GET Money Supply, Banking and Financial Institutions PRACTICE TEST EXERCISES
money supply, banking & financial institutions section 1
money supply, banking & financial institutions section 2
money supply, banking & financial institutions section 3
money supply, banking & financial institutions section 4
money supply, banking & financial institutions section 5
money supply, banking & financial institutions section 6
money supply, banking & financial institutions section 7
money supply, banking & financial institutions section 8
money supply, banking & financial institutions section 9
money supply, banking & financial institutions section 10
money supply, banking & financial institutions section 11
money supply, banking & financial institutions section 12
Money Supply, Banking and Financial Institutions Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
Time and work Questions with Solution PDF IBPS Clerk 2024
Free Time and Work Quants Aptitude concepts based Multiple Choice Questions and Answers Practice Test, Downloadable Quiz PDF for IBPS Clerk Prelims 2024 Exam
Continue Reading »
Series Completion Questions & Answers PDF IBPS Clerk 2024
Top Alphabet Number Series Completion based Verbal Reasoning Multiple choice questions with answers PDF, & Free IBPS Mock tests For IBPS Clerk Prelims 2024
Continue Reading »
New 150+ Percentage Questions For IBPS Clerk Prelims 2024
Free Top Percentage Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz PDF & Mock Test for IBPS Clerk Prelims 2024 Exam
Continue Reading »
Classification Reasoning MCQ For IBPS Clerk Prelims 2024
Most Important 100+ Classification based Verbal Reasoning Ability Multiple choice questions and answers PDF, Free New Mock tests For IBPS Clerk Prelims 2024
Continue Reading »