money supply, banking & financial institutions section 9 MCQ Questions & Answers Detailed Explanation

Question : 1

Which of the following could be a cause of demand inflation?

a) An increase in the cost of labour

b) An increase in the level of consumer spending

c) An increase in domestic interest rates

d) An increase in import prices, resulting from a depreciating dollar

Question : 2

The accounting year of the Reserve Bank of India is

a) July - June

b) January – December

c) October - September

d) April - March

Question : 3

Which one of the following does not implement the Self-Help Groups (SHGs) - Bank Linkage Programme?

a) Commercial Banks

b) Co-operative Banks

c) RRBs

d) NABARD

Question : 4

Which of the following markets are independently regulated by Forward Market Commission?

a) Mutual Funds

b) Stock Market

c) Commodity Futures Market

d) Foreign Exchange Markets

Question : 5

Consider the following statements.

1. Gorewal Committee recommendation led to the establishment of State Bank of India.
2. 14 banks were nationalised on July 19, 1969.

a) Only 2

b) Neither 1 nor 2

c) Both 1 and 2

d) Only 1

Question : 6

Which one of the following is not the function of Regional Rural Banks?

a) To provide credit to common people in rural area

b) To take over the functions of Agricultural Refinance Corporation of India

c) To supplement Scheduled Commercial Banks

d) To provide credit to small and marginal farmers