money supply, banking & financial institutions section 8 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 36

Consider the following statements.

1. The National Housing Bank, the apex institution of housing finance in India, was set up as a whollyowned subsidiary of the Reserve Bank of India.
2. The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 37

Which of the following statements will be considered as part of ‘Transfer Payments’ in the balance of payment?

1. Gift sent by an NRI to his friend in India
2. Money sent by an Indian employee to his family in India who has gone abroad temporarily

a) (ii) only

b) Both (i) & (ii)

c) (i) only

d) Neither (i) nor (ii)

Question : 38 [UPPCS (Mains) 2009]

Money Multiplier in India is defined as

a) $\text"Broad Money"/\text"Reserve Money"$

b) $\text"Base Money"/\text"Reserve Money"$

c) $\text"Reserve Money"/\text"Base Money"$

d) $\text"Broad Money"/\text"Base Money"$

Question : 39 [PSC (Pre) 2011]

Which one of the following is not a nationalised bank?

a) Canara Bank

b) Punjab National Bank

c) ICICI Bank

d) Bank of Baroda

Question : 40

Which of the following agencies conducts ‘inflation expectation survey’ of households in India?

a) National Statistical Office

b) Reserve Bank of India

c) Ministry of Statistics and Programme Implementation

d) Ministry of Finance