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

Question : 1

Which of the following statements are true regarding the Foreign Currency Non-Resident (FCNR) Accounts:

1. Resident Indians and NRI's both can open
2. Only Foreign currency can be deposited
3. Rupee can be deposited
4. Can have both demand and time deposits

a) (ii) only

b) (ii) & (iv) only

c) (i) & (ii) only

d) (i), (ii) & (iv) only

Question : 2

Consider the following statement:

1. Ad hoc treasury bills are sold to the banks and public and are freely marketable.
2. 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

Question : 3

Which among the following is correct about the Vostro Account?

a) It is an account maintained by a foreign bank with a Bank in India in Indian Rupees.

b) It is an account maintained by a Indian Bank Branch with a Foreign Bank in Foreign Currency.

c) It is an account maintained by an Indian bank with a Bank in Foreign country in Foreign Currency.

d) It is an account maintained by a Foreign Bank Branch with a Indian Bank in Foreign Currency.

Question : 4

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 : 5

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 : 6

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