money supply, banking & financial institutions section 8 MCQ Questions & Answers Detailed Explanation

Question : 1

What do you understand by the term “Jobber”?

a) A stock dealer who deals directly with the public for which he gets a commission

b) A stock dealer who is a member of a stock exchange and deals with the public only through the medium of brokers

c) A broker who buys and sells on behalf of his clients

d) A stock broker who deals only with shares and not any other form of securities

Question : 2

The Indian rupee was made convertible into which of the following accounts since March 1993?

a) Current Account

b) Revenue Account

c) Both (A) and

d) Capital Account

Question : 3

Consider the following statements.

1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
2. A value of ‘0’ for Gini Coefficient in country implies that there is perfectly equal income for everyone in its population.

a) Only 2

b) Neither 1 nor 2

c) Both 1 and 2

d) Only 1

Question : 4

Which of the following agencies conducts ‘inflation expectation survey’ of households in India?

a) National Statistical Office

b) Reserve Bank of India

c) Ministry of Statistics and Programme Implementation

d) Ministry of Finance

Question : 5

Which one of the following is not a nationalised bank?

a) Canara Bank

b) Punjab National Bank

c) ICICI Bank

d) Bank of Baroda

Question : 6

Money Multiplier in India is defined as

a) $\text"Broad Money"/\text"Reserve Money"$

b) $\text"Base Money"/\text"Reserve Money"$

c) $\text"Reserve Money"/\text"Base Money"$

d) $\text"Broad Money"/\text"Base Money"$