Economics Mock Test series - 4

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Which one of the following Public Sector Bank's emblem figures a dog and the words 'faithful, friendly' in it?

Punjab National Bank

State Bank of India

Oriental Bank of Commerce

Syndicate Bank

The Foreign Exchange Reserves of India are kept in the custody of

IMF

Prime Minister Rahat Kosh

Reserve Bank of India

World Bank

When the price of a commodity falls, we can expect

the supply of it to increase

the demand for it to fall

the demand for it to stay constant

the demand for it to increase

Before opening a new branch of a bank, banks are required to take mandatory permission/license from

Indian Bank Association

Securities and Exchange Board of India

Reserve Bank of India

State Government

Debenture holders of a company are its

Directors

Creditors

Shareholders

Debators

The Indian Income Tax is

Indirect and Proportional

Indirect and Progressive

Direct and Progressive

Direct and Proportional

SEZ act was passed by the Parliament in the year

2006

2004

None of the above

2005

what is Reverse Repo Rate?

Injecting liquidity by the Central Bank of a Country through purchase of Government Securities.

Balancing liquidity with a view to enhance economic growth rate.

Improving the position of availability of the securities in the market.

Absorption of liquidity from the market by sale of Government Securities.

Free Trade Policy refers to a policy where there is

restriction on the movement of goods

absent to tariff

existence of anti-dumping policy

encouragement for balances growth

10.

Bank deposits that can be withdrawn without notice are called

Demand deposits

Account payee deposits

Fixed deposits

Variable deposits

11.

Who among the following appoints Banking Ombudsman in each State?

Ministry of Social Welfare, Government of India

The Reserve Bank of India

Registrar of Companies

The President of India

12.

The recommendations of the Sarkaria Commission related to

Membership of Parliament

Powers and functions of the President of India

Center-State Relations

Distribution of Revenue

13.

When the Reserve Bank of India announces an increase of the Cash Reserve Ration(CRR), what does it mean?

The Reserve Bank of India will have less money to lend

The Union Government will have less money to lend

The Commercial banks will have move money to lend

The Commercial banks will has less money to lend

14.

Who is called the pioneer of liberalization of Indian economy?

P. Chidambaram

P.V. Narsimha Rao

Dr. Manmohan Singh

Dr. Bimal Jalan

15.

Fiscal Policy in India is formulated by

The Reserve Bank of India

The Planning Commission

The Securities and Exchange Board of India

The Finance Ministry

16.

Which among the following is an asset for a Commercial Bank?

Borrowings from RBI

Demand deposits of Industries

Credit to farmers

Deposit of Public

17.

C. Rangachari Committee is associated with which one of the following

Tax Structure

Estimation of National Income

Pricing and taxation of petroleum products

Estimation of Money Supply

18.

Who propounded the 'Market Law'?

J.B. Say

T.R. Malthus

Adam Smith

David Ricardo

19.

'The Doing Business Report' is prepared by which of the following organisations every year?

World Bank

World Trade Organisation

International Monetary Bank

Asian Development Bank

20.

Laissez-faire is a feature of

Socialism

Communism

Mixed economy

Capitalism

21.

The head of the State Bank of India is designated as

Executive Director

Deputy Governor

Chairman

Governor

22.

The head office of the National Bank for Agriculture and Rural Development is located at

Hyderabad

Mumbai

Lucknow

New Delhi

23.

The amounts of which of the following reflects the overall budgetary position of the Government of India at a given time

Fiscal Deficit

Revenue Deficit

Total Amount of income tax collected

Capital Deficit

24.

The World Trade Organisation(WTO) was formed in

1997

1991

1999

1995

25.

Which authority recommends the principles governing the grants-in-aid of the revenues of the States out of the Consolidated Fund of India?

Inter-State Council

Finance Commission

Public Accounts Committee

Union Ministry of Finance

Economics Mock Test series - 4

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