Constitution of India Mock Test series - 10

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Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than

210 crore of rupees

85 crore of rupees

200 crore of rupees

115 crore of rupees

Which of the following is the name of the organisation, created to provide full employment and self-reliance to the women folk in India?

SEWA

ROSCA

OECD

SVP

What is the correct definition of the term 'Commercial Papers'?

It is nothing but the popular name of the judicial stamp papers used to register financial transactions.

It is the name of the 'Certificate of Deposits' provided by the Banks to its retail customers.

Both a and b

It is one of the instruments through which corporates raise debt from the market.

Which statements is an appropriate description of deflation?

It is a fall in the rate of inflation over a period of time.

It is a persistent fall in the general price level of goods and services.

It is a persistent recession in both the financial and real sectors of economy.

It is a sudden fall in the value of currency against other currencies.

High rates of interest in a low inflation regime

are not favorable for credit expansion

discourage people to make an investment

attract people to make an investment

create atmosphere for capital formation

The stance of RBI's monetary policy is

inflation control with adequate liquidity for growth

improving credit quality of Banks

strengthening credit delivery mechanism

Any of the above

While calculating HDI, the maximum value for Life Expectancy at birth(Years) are taken as

100 and 25

85 and 25

80 and 20

90 and 30

Agriculture sector directly employs one of the following percentage of labour force in India?

54.5%

20.54%

30.15%

40.2%

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as

Deflation

Market Capitalism

Discount yield

Negative growth

10.

What is called Sunrise industry?

Plastic

Copper

Jewellery

Automobile

11.

National Rural Health Mission(NRHM) was launched in the year

2003

2006

2004

2005

12.

Which of the following forms the largest share of deficit in Government of India budget

Primary deficit

Budgetary deficit

Revenue deficit

Fiscal deficit

13.

Which one of the following methods of soil conservation is most effective in arid areas?

Shelter belt

Mulching

Terracing

Gully plugging

14.

Yen is the currency of

Taiwan

South Korea

North Korea

China

15.

Insider trading is related to

Horse racing

International trade

Share Market

Taxation

16.

Central Co-operative Banks work at

State level

Block level

District level

National level

17.

TRIPS and TRIMS are the term associated with

WTO

IBRD

IDA

IMF

18.

Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country?

Inflation

SLR

Human Development Index(HDI)

Sensex

19.

Indian agriculture is typically characterised as

land scare, labour scare economy

land surplus, labour scare economy

land scare, labour surplus economy

land surplus, labour surplus economy

20.

The Bonded Labour System(Abolition) Act was legislated in

1974

1978

1976

1977

21.

Many times we read in newspapers that the RBI has revised certain rates/ratios under LAF. What is the full form of LAF?

Long-term Achievement Facility

Liquidity Adjustment Facility

Legal Adjustment Facility

Legal Adjustment Formality

22.

Government of India, for the first time nationalised 14 large Commercial Banks in the year

1956

1971

1969

1959

23.

The Narasimhan Committee(1991) on financial reforms proposed for establishment of a

United control by the apex institutions.

Four tier hierarchy of the Banking structure.

Two tier hierarchy of the Banking Structure.

Three tier hierarchy of the Banking structure.

24.

'Currency Futures' are jointly regulated by the RBI and which of the following other banks?

SIDBI

SEBI

SBI

NABARD

25.

VAT is imposed

On first stage of the production

Directly on consumer

On all stages between production and final sale

On final stage of the production

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