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

Question : 41 [UPSC (Pre) 2001]

Opening the saving bank account for a minor girl will be called as which of the following in Banking terminology?

a) Merchant Banking

b) Corporate Banking

c) Social Banking

d) Retail Banking

Question : 42

What do you understand by the term “Jobber”?

a) A stock dealer who deals directly with the public for which he gets a commission

b) A stock dealer who is a member of a stock exchange and deals with the public only through the medium of brokers

c) A broker who buys and sells on behalf of his clients

d) A stock broker who deals only with shares and not any other form of securities

Question : 43 [UKPCS (Pre) 2014]

The Indian rupee was made convertible into which of the following accounts since March 1993?

a) Current Account

b) Revenue Account

c) Both (A) and

d) Capital Account

Question : 44 [UPSC (Pre) 2001]

Consider the following statements.

1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
2. A value of ‘0’ for Gini Coefficient in country implies that there is perfectly equal income for everyone in its population.

a) Only 2

b) Neither 1 nor 2

c) Both 1 and 2

d) Only 1

Question : 45 [SSC SO 2003]

Devaluation of money means :

a) decrease in both internal and external value of money

b) the government takes back currency notes of any denominations

c) decrease in the internal value of money

d) decrease in the external value of money