Constitution of India Mock Test series - 10

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

1971

1956

1969

1959

Central Co-operative Banks work at

Block level

National level

State level

District level

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

2006

2003

2004

2005

What is called Sunrise industry?

Jewellery

Copper

Plastic

Automobile

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

Legal Adjustment Formality

Long-term Achievement Facility

Liquidity Adjustment Facility

Legal Adjustment Facility

Indian agriculture is typically characterised as

land scare, labour scare economy

land surplus, labour surplus economy

land surplus, labour scare economy

land scare, labour surplus economy

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

Sensex

SLR

Human Development Index(HDI)

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

Discount yield

Market Capitalism

Deflation

Negative growth

High rates of interest in a low inflation regime

create atmosphere for capital formation

are not favorable for credit expansion

attract people to make an investment

discourage people to make an investment

10.

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

30.15%

54.5%

20.54%

40.2%

11.

The Bonded Labour System(Abolition) Act was legislated in

1978

1977

1974

1976

12.

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

Two tier hierarchy of the Banking Structure.

Three tier hierarchy of the Banking structure.

Four tier hierarchy of the Banking structure.

United control by the apex institutions.

13.

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

Primary deficit

Fiscal deficit

Revenue deficit

Budgetary deficit

14.

Which statements is an appropriate description of deflation?

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

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

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

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

15.

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

SBI

SIDBI

NABARD

SEBI

16.

VAT is imposed

On all stages between production and final sale

On final stage of the production

On first stage of the production

Directly on consumer

17.

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

Terracing

Gully plugging

Mulching

Shelter belt

18.

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

80 and 20

90 and 30

85 and 25

100 and 25

19.

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

200 crore of rupees

85 crore of rupees

210 crore of rupees

115 crore of rupees

20.

TRIPS and TRIMS are the term associated with

IMF

IDA

WTO

IBRD

21.

Yen is the currency of

North Korea

Taiwan

China

South Korea

22.

The stance of RBI's monetary policy is

strengthening credit delivery mechanism

Any of the above

inflation control with adequate liquidity for growth

improving credit quality of Banks

23.

Insider trading is related to

Share Market

International trade

Horse racing

Taxation

24.

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

Both a and b

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

25.

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

OECD

ROSCA

SVP

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