money supply, banking & financial institutions section 3 MCQ Questions & Answers Detailed Explanation
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The following question based on Money Supply, Banking and Financial Institutions topic of indian economy mcq
- Draft Loan
- Term Loan
- Cash credit
- Overdraft
(a) 2 only
(b) 1 only
(c) 3 only
(d) 4 only
The correct answers to the above question in:
Answer: (b)
Types of loan are term loan, cash credit, overdraft, or bills discounted.
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Read more money and supply banking financial institutions Based Indian Economy Questions and Answers
Question : 1
The concept of ‘Universal Banking’ was implemented in India on the recommendations of:
a) Abid Hussain Committee
b) S Padmanabhan Committee
c) R H Khan Committee
d) Y H Malegam Committee
Answer »Answer: (c)
Question : 2
One amongst the following take the decision about the monetary policy of India.
a) Reserve Bank of India
b) International Monetary Fund
c) Prime Minister of India
d) Finance Minister of India
Answer »Answer: (a)
Question : 3
Consider the following statements regarding the "Kisan Credit Card (KCC)" scheme:
- It provides short term credit for the cultivation of crops
- It provides long term credit
- It provides credit for consumption requirements of farmers household
- Available to owner cultivator, tenant farmers and sharecroppers
a) (ii) & (iv) only
b) (i), (ii) & (iii) only
c) (i) only
d) All of the above
Answer »Answer: (d)
The Kisan Credit Card (KCC) scheme is an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner.
The scheme is under implementation in the entire country by the vast institutional credit framework involving Commercial Banks, RRBs and Cooperatives and has received wide acceptability amongst bankers and farmers.
Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window to the farmers for their following needs:
To meet the short-term credit requirements for the cultivation of crops
- Post-harvest expenses
- Produce Marketing loan
- Consumption requirements of farmer household
- Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.
- Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals etc.
The following people are eligible for this scheme
- All Farmers – Individuals / Joint borrowers who are owner cultivators
- Tenant Farmers, Oral Lessees & Share Croppers
- Self Help Groups or Joint Liability Groups of Farmers
Question : 4
The Reserve Bank of India regulates the commercial banks in matters of:
- liquidity of assets
- branch expansion
- merger of banks
- winding-up of banks
a) 2, 3 and 4 only
b) 1 and 4 only
c) 1, 2 and 3 only
d) 1, 2, 3 and 4
Answer »Answer: (d)
The Reserve Bank of India is the main monetary authority of the country and besides that, in its capacity as the central bank, acts as the bank of the national and state governments.
Sometimes it happens that some of the banks close down due to non-recovery of loans or such other issues. In such conditions, people have to suffer as their money is with the bank then.
For this reason, there is a provision for winding up of the banking company under the Banking Regulation Act, 1949. The power of winding up of Bank lies in the hand of the Reserve Bank of India.
Question : 5
A company undertakes a public issue which means that _____ .
- Shares of the company will be issued only through public sector organizations like banks/central financial institutions etc.
- Shares of the company will be issued to general public through the primary market.
- means some stakeholders/promoters are leaving the company and wish to sell their stock to general public.
a) 2 only
b) 1 only
c) 3 only
d) All 1, 2 and 3
Answer »Answer: (a)
Question : 6
Which of the following tools does RBI use for monetary policy?
- Forex Swap
- Liquidity Adjustment Facility (LAF)
- Market Stabilization Scheme
- Sterilization
a) (i), (iii) & (iv) only
b) (iii) & (iv) only
c) (i), (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
Recently RBI used the tool forex swap to increase liquidity in the economy under which, RBI took dollars from Banks and it paid Indian currency to banks and this transaction will be reversed after 3 years.
Market Stabilization Scheme and Sterilization are the same and used to manage liquidity in case of foreign capital inflow.
Under Liquidity Adjustment Facility (LAF), RBI does overnight as well as long term repo operations.
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