Economics Mock Test series - 8

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

AMFI

IBA

SEBI

NSDL

In India currency-notes issue system is based on

Proportional Reserve System

Minimum Reserve System

Fixed Exchange Rate System

Fully Convertibility System

New capital issue is placed in

Secondary market

Grey market

Primary market

Black market

The Blue Revolution is related with

Fish Production

Oilseed Production

Food grain production

Milk Production

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

External Credit and Business

External Commercial Borrowing

Essential Commercial Borrowing

Essential Credit and Business

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

Demand Deposits

Inter-bank liabilities

Other borrowings

Time deposits

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

1975

1970

1982

1980

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

SBI

UBI

PNB

RBI

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

Both ADR and SDR

ADR

GDR

SDR

10.

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

TCS

HCL

Infosys

Reliance

11.

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

Growth of small scale industries

Industrial sickness

Industrial relations

Reforms in the Banking sector

12.

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

Personal Finance

Industrial Finance

Agriculture Finance

Development Finance

13.

In India, the bank NABARD does not provide refinance to

State Land Development Banks

Regional Rural Banks

Export-Import Bank

Scheduled Commercial Banks

14.

Which two of the following taxes are indirect taxes?

Income tax and Excise tax

Income tax and Wealth tax

Sales tax and Income tax

Sales tax and Excise tax

15.

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

Pune

Mumbai

New Delhi

Kolkata

16.

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

17.

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

Sales Tax, Income Tax

Custom Duties, Land Revenue

Wealth Tax, Land Revenue

Gift Tax, Holding Tax

18.

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

Custom Duty

Sales tax

Income tax

Corporation tax

19.

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'

Unorganised Sector

Co-operative Sector

20.

In India, liberal Industrial Policy was adopted in the year

1956

1985

1948

1991

21.

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

22.

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

Cash collections from the parties

Credit cards and Debit cards

Recovery of bad loans

Opening and closing of accounts

23.

Which of the following correctly describes what subprime lending is?

Lending to the people who can not return the loan

Both b and c

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

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

24.

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

Shrinking of market credit

Drop in profitability

Labour unrest

Decline in market share

25.

The most popular measure of inflation in India is

Consumer Price Index

Consumer Price Index for Industrial workers

Wholesale Price Index

General Price Index

Economics Mock Test series - 8

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