money supply, banking & financial institutions section 4 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
- Nasik
- Hoshangabad
- Hyderabad
- Aurangabad
- Devas
(a) 1, 2, 3 and 4
(b) 1, 2 and 4
(c) 1, 2, 3 and 5
(d) All of the above
The correct answers to the above question in:
Answer: (c)
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Read more money and supply banking financial institutions Based Indian Economy Questions and Answers
Question : 1
Increase in India's trade deficit may lead to which of the following:
a) Depreciation of rupee
b) Appreciation of rupee
c) Increase in money supply in the economy
d) Increase in GDP
Answer »Answer: (a)
When trade deficit increases that means imports are increasing in the country as compared to exports.
Increase in imports causes an increase in demand for dollars which results in decline in value of Indian currency. Increase in trade deficit results in money going out of the Indian economy.
Question : 2
Which of the following statements are true regarding the Foreign Currency Non-Resident (FCNR) Accounts:
- Resident Indians and NRI's both can open
- Only Foreign currency can be deposited
- Rupee can be deposited
- Can have both demand and time deposits
a) (ii) only
b) (ii) & (iv) only
c) (i) & (ii) only
d) (i), (ii) & (iv) only
Answer »Answer: (a)
Foreign Currency Non-Resident (FCNR) Account can be opened only by NRI's/PIO's.
This account can be maintained in any freely convertible foreign currency but only in the form of term/fixed deposits. The interest and principal are non-taxable and freely repatriable.
Question : 3
Consider the following statement:
- Ad hoc treasury bills are sold to the banks and public and are freely marketable.
- Regular treasury bills are not sold to the banks and the general public and are not marketable.
a) 2 only
b) 1 only
c) 1 and 2
d) None of the Above
Answer »Answer: (d)
Ad hoc treasury bills are not sold to the banks and the general public and are not marketable while regular treasury bills are sold by the Reserve Bank of India on behalf of the Central Government.
Question : 4
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
Answer »Answer: (c)
Share of Commercial banks credit to agriculture sector is around 80%.
Question : 5
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
Answer »Answer: (b)
Question : 6
Convertibility of the rupee implies
a) freely permitting the conversion of rupee to other major currencies and vice-versa
b) developing an international market of currencies in India
c) allowing the value of the rupee to be fixed by market forces
d) being able to convert rupee notes into gold
Answer »Answer: (a)
GET Money Supply, Banking and Financial Institutions PRACTICE TEST EXERCISES
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money supply, banking & financial institutions section 2
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Money Supply, Banking and Financial Institutions Shortcuts and Techniques with Examples
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