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

Question : 1

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 : 2

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 : 3

Devaluation of money means :

a) decrease in both internal and external value of money

b) the government takes back currency notes of any denominations

c) decrease in the internal value of money

d) decrease in the external value of money

Question : 4

Opening the saving bank account for a minor girl will be called as which of the following in Banking terminology?

a) Merchant Banking

b) Corporate Banking

c) Social Banking

d) Retail Banking

Question : 5

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 : 6

Which one of the following is not a nationalised bank?

a) Canara Bank

b) Punjab National Bank

c) ICICI Bank

d) Bank of Baroda