money supply, banking & financial institutions section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Money Supply, Banking and Financial Institutions PRACTICE TEST [12 - EXERCISES]

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Question : 21

Which of the following statements are true regarding Foreign Portfolio Investors (FPIs):

  1. They fund India’s Current Account Deficit (CAD)
  2. They help in achieving governments disinvestment target
  3. They are liable to pay capital gain tax in India
Select the correct answer using the code given below:

a) (ii) & (iii) only

b) (iii) only

c) (i) only

d) All of the above

Discuss »

Answer: (d)

FPI comes under capital account in Balance of Payment but they bring dollars/foreign currencies and this dollar is used to finance/fund if we have a deficit in the current account.

When the government is listing a PSU on the stock exchange for disinvestment, then FPIs can also purchase the PSU’s shares in the primary market. So, FPIs help in the government’s disinvestment plan.

FPI’s pay tax on the earnings they derive from a gain in shares/bonds prices called capital gain tax.

Question : 22

Which one of the following Public Sector Bank’s emblem figures a dog and the words ‘faithful friendly, in it?

a) Punjab National Bank

b) Oriental Bank of Commerce

c) Syndicate Bank

d) State Bank of India

Discuss »

Answer: (c)

Syndicate Bank. The symbol of dog implies that Bank is trustworthy and a friend. Its slogan is : Your faithful and friendly financial partner.

Question : 23 [MPPCS (Pre) 2014]

In which year did the Government of India Nationalised 14 major private banks?

a) 1970

b) 1965

c) 1969

d) 1968

Discuss »

Answer: (c)

Question : 24 [UPPCS (Mains) 2008]

In India, $M_3$ includes

a) demand deposits with banks

b) All of the above

c) currency with the public

d) time deposits with banks

Discuss »

Answer: (b)

Question : 25 [HCS (Pre) 2014]

Which of the following Banks is the Central Bank of India?

a) Bank of India

b) Reserve Bank of India

c) Union Bank of India

d) State Bank of India

Discuss »

Answer: (b)

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