money supply, banking & financial institutions section 8 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 12 EXERCISES
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The following question based on Money Supply, Banking and Financial Institutions topic of indian economy mcq
(a) Merchant Banking
(b) Corporate Banking
(c) Social Banking
(d) Retail Banking
The correct answers to the above question in:
Answer: (d)
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Read more money and supply banking financial institutions Based Indian Economy Questions and Answers
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
Answer »Answer: (b)
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
Answer »Answer: (a)
Question : 3
Consider the following statements.
- The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
- 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
Answer »Answer: (c)
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
Answer »Answer: (b)
RBI conducts quarterly 'inflation expectation survey' of households wherein RBI gauges the household’s expectation regarding inflation for the next one year. These surveys are used for monetary policy purpose.
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
Answer »Answer: (c)
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) $\text"Broad Money"/\text"Base Money"$
Answer »Answer: (a)
GET Money Supply, Banking and Financial Institutions PRACTICE TEST EXERCISES
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Money Supply, Banking and Financial Institutions Shortcuts and Techniques with Examples
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