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]
money supply, banking & financial institutions section 1
money supply, banking & financial institutions section 2
money supply, banking & financial institutions section 3
money supply, banking & financial institutions section 4
money supply, banking & financial institutions section 5
money supply, banking & financial institutions section 6
money supply, banking & financial institutions section 7
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money supply, banking & financial institutions section 9
money supply, banking & financial institutions section 10
money supply, banking & financial institutions section 11
money supply, banking & financial institutions section 12
Question : 36
If new currency is being issued, then who has the authority to decide its "Denomination":
a) RBI Central Board of Directors
b) Central Government
c) RBI Governor
d) Monetary Policy Committee
Answer »Answer: (b)
As per section 24 of RBI Act 1934, “Central Government, on the recommendation of Central Board of Directors of RBI, has the authority to specify the denomination of the new currency note to be issued in the country.”
Question : 38
Which of the following statements is true regarding “Line of Credit”:
a) It is issued mainly in case of international transactions
b) It is a preset amount of money that a bank has agreed to lend
c) It is issued by one bank to another
d) The company will have to pay interest on the amount for which line of credit has been issued
Answer »Answer: (b)
A line of credit is a preset amount of money that a bank has agreed to lend to a company/individual. The company can draw from the line of credit when it needs up to the maximum amount. The company will pay interest only on the amount used.
Question : 39 [UPPCS (Mains) 2008]
The sum of which of the following constitutes Broad Money in India?
- Currency with public
- Demand deposits with banks
- Time deposits with banks
- Other deposits with RBI
a) 1, 2 and 3
b) 1, 2 and 4
c) 1, 2, 3 and 4
d) 1 and 2
Answer »Answer: (c)
Question : 40 [UPSC (Pre) 2010]
Why is the offering of ‘teaser loans’ by commercial banks is a cause of economic concern?
- The ‘teaser loans’ are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
- In India, the ‘teaser loans’ are mostly given to entrepreneurs to set-up manufacturing or export units.
a) Only 2
b) Neither 1 nor 2
c) Both 1 and 2
d) Only 1
Answer »Answer: (d)
IMPORTANT indian economy mcq EXERCISES
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500+ Banking & Money Supply GK MCQ Quiz PDF For IBPS Exam »
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Top 500+ Indian Financial System GK MCQ Live Quiz For SSC »
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Top 500+ Money Supply Methods & Concepts GK MCQ For UPSC »
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Banking & Financial Institutions Features GK MCQ Quiz PDF »
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New 500+ Money Supply Concepts Types Formulas GK MCQ Quiz »
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499+ Indian Monetary Aggregates & Money Supply GK MCQ PDF »
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Top 500+ Money & Banking Questions And Answers Test PDF »
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New Banking & Money Supply Questions And Answers Test PDF »
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Top 500+ Money Supply Trends & Developments MCQ For IBPS »
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Top 500+ Banking & Financial Institutions GK MCQ Test PDF »
Money Supply, Banking and Financial Institutions Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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