Economics 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

115 crore of rupees

210 crore of rupees

200 crore of rupees

85 crore of rupees

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

Both a and b

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

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

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

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

Gully plugging

Mulching

Shelter belt

Terracing

Yen is the currency of

North Korea

Taiwan

China

South Korea

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

Two tier hierarchy of the Banking Structure.

Four tier hierarchy of the Banking structure.

Three tier hierarchy of the Banking structure.

United control by the apex institutions.

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

54.5%

20.54%

30.15%

40.2%

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

Liquidity Adjustment Facility

Long-term Achievement Facility

Legal Adjustment Facility

Legal Adjustment Formality

VAT is imposed

On final stage of the production

On all stages between production and final sale

On first stage of the production

Directly on consumer

The stance of RBI's monetary policy is

strengthening credit delivery mechanism

Any of the above

improving credit quality of Banks

inflation control with adequate liquidity for growth

10.

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

Sensex

SLR

Inflation

Human Development Index(HDI)

11.

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

12.

What is called Sunrise industry?

Copper

Automobile

Jewellery

Plastic

13.

Central Co-operative Banks work at

State level

National level

District level

Block level

14.

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

2003

2004

2006

2005

15.

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

Primary deficit

Budgetary deficit

Fiscal deficit

Revenue deficit

16.

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

17.

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

Negative growth

Discount yield

Market Capitalism

Deflation

18.

TRIPS and TRIMS are the term associated with

IDA

WTO

IBRD

IMF

19.

Which statements is an appropriate description of deflation?

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

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

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

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

20.

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

SIDBI

SEBI

SBI

NABARD

21.

Insider trading is related to

Horse racing

Taxation

Share Market

International trade

22.

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

100 and 25

85 and 25

90 and 30

80 and 20

23.

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

24.

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

1959

1969

1971

1956

25.

The Bonded Labour System(Abolition) Act was legislated in

1976

1978

1977

1974

Economics Mock Test series - 10

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