Economics Mock Test series - 4

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

Estimation of National Income

Estimation of Money Supply

Pricing and taxation of petroleum products

Tax Structure

Free Trade Policy refers to a policy where there is

restriction on the movement of goods

existence of anti-dumping policy

encouragement for balances growth

absent to tariff

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

The Commercial banks will have move money to lend

The Commercial banks will has less money to lend

The Union Government will have less money to lend

The Reserve Bank of India will have less money to lend

The recommendations of the Sarkaria Commission related to

Distribution of Revenue

Membership of Parliament

Center-State Relations

Powers and functions of the President of India

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

International Monetary Bank

Asian Development Bank

World Bank

World Trade Organisation

what is Reverse Repo Rate?

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

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.

Balancing liquidity with a view to enhance economic growth rate.

The head of the State Bank of India is designated as

Governor

Chairman

Deputy Governor

Executive Director

Who propounded the 'Market Law'?

David Ricardo

Adam Smith

J.B. Say

T.R. Malthus

Debenture holders of a company are its

Debators

Shareholders

Creditors

Directors

10.

Fiscal Policy in India is formulated by

The Securities and Exchange Board of India

The Planning Commission

The Finance Ministry

The Reserve Bank of India

11.

SEZ act was passed by the Parliament in the year

2006

2005

2004

None of the above

12.

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

New Delhi

Hyderabad

Mumbai

Lucknow

13.

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

Syndicate Bank

Punjab National Bank

Oriental Bank of Commerce

State Bank of India

14.

Who is called the pioneer of liberalization of Indian economy?

Dr. Bimal Jalan

Dr. Manmohan Singh

P.V. Narsimha Rao

P. Chidambaram

15.

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

Deposit of Public

Credit to farmers

Demand deposits of Industries

Borrowings from RBI

16.

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

Union Ministry of Finance

Finance Commission

Public Accounts Committee

Inter-State Council

17.

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

Reserve Bank of India

State Government

Indian Bank Association

Securities and Exchange Board of India

18.

Who among the following appoints Banking Ombudsman in each State?

The Reserve Bank of India

Ministry of Social Welfare, Government of India

The President of India

Registrar of Companies

19.

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

20.

The World Trade Organisation(WTO) was formed in

1991

1995

1997

1999

21.

The Indian Income Tax is

Direct and Proportional

Indirect and Proportional

Direct and Progressive

Indirect and Progressive

22.

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

IMF

Reserve Bank of India

Prime Minister Rahat Kosh

World Bank

23.

Laissez-faire is a feature of

Socialism

Communism

Capitalism

Mixed economy

24.

Bank deposits that can be withdrawn without notice are called

Demand deposits

Variable deposits

Account payee deposits

Fixed deposits

25.

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

Capital Deficit

Fiscal Deficit

Total Amount of income tax collected

Revenue Deficit

Economics Mock Test series - 4

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