money supply, banking & financial institutions section 10 MCQ Questions & Answers Detailed Explanation

Question : 1

Name the 3 commodities in the Wholesale Price Index.

1. Primary articles
2. Fuel, power, light and lubricants
3. Manufactured products
4. Food articles and industrial raw materials

a) 2, 3 and 4

b) 1, 2 and 3

c) 1, 3 and 4

d) 1 and 3

Question : 2

What does the letter ‘e’ denotes in the term ‘e - banking ’ ?

a) Electronic Banking

b) Expansion Banking

c) Essential Banking

d) Economic Banking

Question : 3

What is ‘Future Trading’?

1. It is a trade between two stock exchanges wherein it is decided to purchase stocks of each other on a fixed price throughout the year
2. It is an agreement between two parties to buy or sell an underlying asset in the future at a predetermined price
3. It is an agreement between stock exchange that they will not trade in stocks of each other in future or for a predetermined period of time

a) 2 only

b) 1 only

c) 3 only

d) All 1, 2 and 3

Question : 4

Indian rupee had been made fully convertible on

a) current account in August, 1994

b) current account in April, 1995

c) capital account in August, 1994

d) current account on March 1, 1993

Question : 5

MUDRA Bank has been launched to help

a) Poor women

b) Rural sector

c) Small business

d) Marginal farmers

Question : 6

Which of the following are among the taxes levied exclusively by the Central Government and are mentioned in the Union List of the Seventh Schedule of the Constitution of India?

1. Corporation Tax
2. Taxes on advertisement in the newspapers
3. Taxes on Agricultural income
4. Taxes on consumption/sale of electricity

a) Only 4

b) Only 2

c) 1 and 2

d) 3 and 4