Economics Mock Test series - 4

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When the price of a commodity falls, we can expect

the demand for it to increase

the demand for it to fall

the demand for it to stay constant

the supply of it to increase

Bank deposits that can be withdrawn without notice are called

Account payee deposits

Variable deposits

Fixed deposits

Demand deposits

Who propounded the 'Market Law'?

J.B. Say

David Ricardo

Adam Smith

T.R. Malthus

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

Free Trade Policy refers to a policy where there is

encouragement for balances growth

absent to tariff

existence of anti-dumping policy

restriction on the movement of goods

The Indian Income Tax is

Direct and Progressive

Indirect and Proportional

Direct and Proportional

Indirect and Progressive

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

The Union Government will have less money to lend

The Commercial banks will has less money to lend

The Reserve Bank of India will have less money to lend

The Commercial banks will have move money to lend

Who among the following appoints Banking Ombudsman in each State?

The President of India

Registrar of Companies

The Reserve Bank of India

Ministry of Social Welfare, Government of India

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

Fiscal Deficit

Total Amount of income tax collected

Revenue Deficit

Capital Deficit

10.

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

Finance Commission

Public Accounts Committee

Union Ministry of Finance

Inter-State Council

11.

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

International Monetary Bank

World Trade Organisation

World Bank

Asian Development Bank

12.

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

Prime Minister Rahat Kosh

Reserve Bank of India

World Bank

IMF

13.

The World Trade Organisation(WTO) was formed in

1995

1999

1991

1997

14.

Who is called the pioneer of liberalization of Indian economy?

Dr. Manmohan Singh

P.V. Narsimha Rao

Dr. Bimal Jalan

P. Chidambaram

15.

The head of the State Bank of India is designated as

Executive Director

Chairman

Deputy Governor

Governor

16.

what is Reverse Repo Rate?

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

Balancing liquidity with a view to enhance economic growth rate.

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

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

17.

SEZ act was passed by the Parliament in the year

2004

2005

None of the above

2006

18.

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

Lucknow

Hyderabad

Mumbai

New Delhi

19.

The recommendations of the Sarkaria Commission related to

Powers and functions of the President of India

Distribution of Revenue

Membership of Parliament

Center-State Relations

20.

Laissez-faire is a feature of

Capitalism

Mixed economy

Communism

Socialism

21.

Fiscal Policy in India is formulated by

The Finance Ministry

The Reserve Bank of India

The Planning Commission

The Securities and Exchange Board of India

22.

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

Estimation of Money Supply

Tax Structure

Pricing and taxation of petroleum products

Estimation of National Income

23.

Debenture holders of a company are its

Debators

Creditors

Shareholders

Directors

24.

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

Deposit of Public

Demand deposits of Industries

Borrowings from RBI

Credit to farmers

25.

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

State Bank of India

Syndicate Bank

Oriental Bank of Commerce

Punjab National Bank

Economics Mock Test series - 4

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