Economics Mock Test series - 8

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Which of the following organizations is known as Market Regulator in India?

SEBI

NSDL

IBA

AMFI

In India, the bank NABARD does not provide refinance to

State Land Development Banks

Scheduled Commercial Banks

Regional Rural Banks

Export-Import Bank

Which of the following is/are treated as artificial currency?

Both ADR and SDR

ADR

GDR

SDR

Which one of the following sets of sources of revenue belongs to the Union Government alone?

Custom Duties, Land Revenue

Wealth Tax, Land Revenue

Sales Tax, Income Tax

Gift Tax, Holding Tax

Which is the first Indian Company to be listed on NASDAQ?

Reliance

TCS

HCL

Infosys

In India, liberal Industrial Policy was adopted in the year

1948

1991

1956

1985

Which among the following is the exclusive jurisdiction of the State Government?

Corporation tax

Sales tax

Income tax

Custom Duty

Indian Money Market is divided in three sectors, namely organised sector, unorganised sector and co-operative sectors. Call money market is the part of which of the following?

Organised Sector

All 'A', 'B' and 'C'

Co-operative Sector

Unorganised Sector

Many times we read a term, ECM in financial newspapers. What is the full form of ECB?

External Credit and Business

Essential Credit and Business

Essential Commercial Borrowing

External Commercial Borrowing

10.

The head office of the State Bank of India(SBI) is located in

New Delhi

Pune

Mumbai

Kolkata

11.

Omkar Goswami Committee was set up by the Government for examining the issue of

Industrial sickness

Reforms in the Banking sector

Growth of small scale industries

Industrial relations

12.

The most popular measure of inflation in India is

Consumer Price Index for Industrial workers

Wholesale Price Index

General Price Index

Consumer Price Index

13.

Which bank was earlier called the 'Imperial Bank of India'?

UBI

RBI

PNB

SBI

14.

The National Bank for Agriculture and Rural Development(NABARD) was established in the year

1980

1982

1970

1975

15.

Which of the following is not the function of Reserve Bank of India?

Frame Monetary and Credit Policy

Provide Credit facility to the general public

Keep Foreign Exchange Reserve of the country in safe custody

Keep Government money in various account heads

16.

Which two of the following taxes are indirect taxes?

Sales tax and Income tax

Income tax and Excise tax

Sales tax and Excise tax

Income tax and Wealth tax

17.

Which of the following is not an immediate indicator of industrial sickness?

Shrinking of market credit

Drop in profitability

Decline in market share

Labour unrest

18.

Which of the following correctly describes what subprime lending is?

Lending to those who are not a regular customer of a bank

Lending to the people who are high-valued customers of the banks

Both b and c

Lending to the people who can not return the loan

19.

As per RBI directives, which of the following functions can not be outsourced by the banks?

Opening and closing of accounts

Recovery of bad loans

Cash collections from the parties

Credit cards and Debit cards

20.

In India currency-notes issue system is based on

Proportional Reserve System

Fully Convertibility System

Fixed Exchange Rate System

Minimum Reserve System

21.

Which of the following is the most important component of the liabilities of Commercial Bank in India?

Time deposits

Other borrowings

Inter-bank liabilities

Demand Deposits

22.

The Blue Revolution is related with

Food grain production

Oilseed Production

Milk Production

Fish Production

23.

New capital issue is placed in

Primary market

Grey market

Secondary market

Black market

24.

Which of the following is not the part of the structure of the Financial System in India?

Development Finance

Agriculture Finance

Personal Finance

Industrial Finance

25.

The basic aim of Lead Bank Scheme is that

there should be stiff competition among the various nationalized banks

individual banks should adopt particular districts for intensive development

all the banks should make intensive efforts mobilize deposits

big banks should try to open offices in each district

Economics Mock Test series - 8

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