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
- Issue of notes
- Banker to the government
- Controller of debit
- Custodian of foreign reserves
(a) 2 only
(b) 1 only
(c) 3 only
(d) 4 only
The correct answers to the above question in:
Answer: (c)
The functions of RBI are
- Issue of Notes,
- Banker to the Government,
- Banker’s Bank,
- Controller of Credit,
- Custodian of Foreign Reserves.
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Read more money and supply banking financial institutions Based Indian Economy Questions and Answers
Question : 1
NABARD provides refinance to which of the following types of financial institutions:
- Commercial Banks
- Regional Rural Banks
- State Cooperative Banks & Land Development Banks
- Non-Banking Financial Companies
a) (ii) & (iii) only
b) (i), (ii) & (iii) only
c) (ii) only
d) All of the above
Answer »Answer: (d)
NABARD does not give direct loans to individuals but it gives loans to
- Commercial Banks,
- Regional Rural Banks (RRBs),
- State Cooperative Banks & Land Development Banks and
- Non-Banking Financial Companies (NBFCs) for further lending (refinance) to the agriculture and rural sectors.
Question : 2
Why is the offering of “teaser loans’’ by commercial banks a cause of economic concern ?
- The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
- In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (b)
The statement (1) is correct because it includes the definition of teaser loans but the statement (2) is not correct, because in India teaser loan is provided to the home buyers not for setting up manufacturing or export units.
Question : 3
Devaluation of currency means
a) permitting a currency to seek its worth in the international market
b) None of the above
c) fixing the value of currency with the help of IMF and WB
d) reduction in the value of the currency vis-a-vis major internationally traded currencies
Answer »Answer: (d)
Question : 4
Which one of the following is not an instrument of selective credit control in India?
a) Rationing of credit
b) Variable cost reserve ratios
c) Margin requirements
d) Regulation of consumer credit
Answer »Answer: (b)
Question : 5
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.
Answer »Answer: (a)
Question : 6
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.
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