money supply, banking & financial institutions section 9 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 21 [SSC CML 2002]

Bank money refers to

a) gold bullions

b) cheques

c) currency notes

d) coins

Question : 22

As per the new Monetary Policy Framework, who will determine the inflation target?

a) Reserve Bank of India (RBI)

b) Govt. of India in consultation with RBI

c) Government of India (GoI)

d) Monetary Policy Committee

Question : 23

Which of the following category of financial institutions are not involved in the implementation of Kisan Credit Cards (KCC)?

a) Cooperative Banks

b) Small Finance Banks

c) Regional Rural Banks (RRBs)

d) Non-Banking Financial Institutions (NBFCs)

Question : 24

Consider the following statements regarding the term of appointment of RBI Governor:

a) As fixed by the Central Government while appointing, not exceeding three years and eligible for reappointment

b) As fixed by the Central Government while appointing, not exceeding five years and not eligible for reappointment

c) As fixed by the Central Government while appointing, not exceeding five years and eligible for reappointment

d) As fixed by the Central Government while appointing, not exceeding three years and not eligible for reappointment

Question : 25

The term ‘Transfer Pricing’ was recently in the news, it is related to which of the following?

a) The price at which goods are transferred within group companies

b) The price at which goods are transferred between shell companies

c) The price at which one company sells intermediate goods to other companies

d) The price at which one company transfers its goods from one state to another state for stocking purpose