money supply, banking & financial institutions section 4 MCQ Questions & Answers Detailed Explanation

Question : 1

An excise duty is a charge on which of the following?

a) Export of goods

b) Production or sale of goods

c) Production of goods

d) Consumption of good

Question : 2

Which category of banks have the highest share in agricultural credit:

a) Regional Rural banks

b) Cooperative Banks

c) Commercial Banks (excluding regional rural banks)

d) Non-Banking Financial Companies

Question : 3

Indian Currency Printing Institutions are located in which of the following places?

1. Nasik
2. Hoshangabad
3. Hyderabad
4. Aurangabad
5. Devas

a) 1, 2, 3 and 4

b) 1, 2 and 4

c) 1, 2, 3 and 5

d) All of the above

Question : 4

The Prevention of Money Laundering Act came into force in India during

a) 1999

b) 2005

c) 2001

d) 1998

Question : 5

Narsimhan Committee was related to which of following reforms?

a) Tax structure reforms

b) Planning implementation reforms

c) Banking structure reforms

d) High education reforms

Question : 6

Which of the following statements are true regarding the Insolvency and Bankruptcy Code 2016?

1. The resolution plan should be approved by NCLT
2. The resolution process must be completed within 330 days including litigation

a) (ii) only

b) Both (i) & (ii)

c) (i) only

d) Neither (i) nor (ii)