money supply, banking & financial institutions section 4 Practice Questions Answers Test with Solutions & More Shortcuts

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

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Question : 31 [BPSC (Pre) 2018]

The Prevention of Money Laundering Act came into force in India during

a) 1999

b) 2005

c) 2001

d) 1998

Discuss »

Answer: (b)

Question : 32 [BPSC (Pre) 2015]

Convertibility of the rupee implies

a) freely permitting the conversion of rupee to other major currencies and vice-versa

b) developing an international market of currencies in India

c) allowing the value of the rupee to be fixed by market forces

d) being able to convert rupee notes into gold

Discuss »

Answer: (a)

Question : 33

An excise duty is a charge on which of the following?

a) Export of goods

b) Production or sale of goods

c) Production of goods

d) Consumption of good

Discuss »

Answer: (b)

Question : 34

Which category of banks have the highest share in agricultural credit:

a) Regional Rural banks

b) Cooperative Banks

c) Commercial Banks (excluding regional rural banks)

d) Non-Banking Financial Companies

Discuss »

Answer: (c)

Share of Commercial banks credit to agriculture sector is around 80%.

Question : 35

Indian Currency Printing Institutions are located in which of the following places?

  1. Nasik
  2. Hoshangabad
  3. Hyderabad
  4. Aurangabad
  5. Devas
Select the correct option:

a) 1, 2, 3 and 4

b) 1, 2 and 4

c) 1, 2, 3 and 5

d) All of the above

Discuss »

Answer: (c)

IMPORTANT indian economy mcq EXERCISES

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