Indian Economy Test 55

Result

Indian Economy Test 55

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Weekly Quiz Competition

Question 1
1 / -0

Consider the following statements
1 . Allahabad Bank was the first bank to be established exclusively by Indians.
2 . Seven banks forming subsidiary of State Bank of India was nationalised in 1960.
Which of the statement given above is / are correct ?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 2
1 / -0

Consider the following statements
1 . Differential interest Rate (DIR) Scheme was introduced in the Fifth Five Year Plan in India.
2 . Under the DIR Scheme , Public Sector Banks give loans and advance to the weaker sections of the society who have no tangible security.
Which of the statement given above is / are correct ?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 3
1 / -0

Which one of the following is correctly matched ?
List I List II
(Bank ) (Headquarters )
1 . Standard Chartered : United Kingdom
2 . Citibank : United States
3 . Dresdner Bank AG : Germany
Select the correct answer using the codes given below.

A
1 and 2

B
Only 1

C
2 and 3

D
All of these
Question 4
1 / -0

Consider the following events in the Indian Finance System
1 . Nationalisation of Reserve Bank of India .
2 . Foundation of Punjab National Bank .
3 . Nationalisation of State Bank of India .
4 . Establishment of NABARD .
Arrange the events given above chronologically and select the correct answer using the codes given below

A
1 , 2 , 3 , 4

B
1 , 2 , 4 , 3

C
2 , 1 , 4 , 3

D
2 , 1 , 3 ,4
Question 5
1 / -0

Which one among the following is the total amount of money available in an economy at a specific time?

A
Near money

B
Narrow money

C
Money volume

D
Money stock

Solution

Money stock, or money supply, is the entire stock of currency and other liquid instruments circulating in a country's economy at a particular time. It is a key indicator of the economy and is controlled by the Central Bank by using different monetary policy tools.
Question 6
1 / -0

Who was the first Governor of RBI?

A
CD Deshmukh

B
Sir James Taylor

C
PC Bhattacharya

D
Sir Osbornesmith

Solution

Sir Osborne Smith was the first Governor of RBI. Urjit Patel is the current and 24th Governor of the RBI.
Question 7
1 / -0

Consider the following statements
1) Bank Rate is the rate at which RBI lends to the commercial banks through its discount window to help the banks meet depositor's demands and reserve requirements.
2) Bank Rate imposed by the RBI is stable and not changes with the market conditions.
Which of the statements given above is / are correct ?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 8
1 / -0

Consider the following components:
1) Notes in circulation
2) Circulation of rupee coins
3) Circulation of small coins
4) Cash on hand with banks
Which of the components given above is/are part of the currency with the public?

A
Only 2

B
1, 2 and 3

C
2, 3 and 4

D
All of these

Solution

Currency with the public comprises of all the paper currency, coin currency and demand deposits held by the public. Thus, all the components given in the question are part of currency with public.
Question 9
1 / -0

Which one of the following is the major component of the money supply in the Indian Economy?

A
Currency component

B
Deposit component

C
Treasury bills with public

D
Both 'a' and 'b'

Solution

Both the currency in circulation and the deposits with banks are key components of the money supply. While the definition of Narrow Money (M1) only includes the demand deposits along with the currency in circulation, the definition of Broad Money (M3) also includes time deposits along with demand deposits and currency in circulation.
Question 10
1 / -0

A foreign-exchange agreement between two parties to exchange the principal and / or interest payments of a loan for equivalent aspects of an equal in net present value loan in the form of each other's currency is known as

A
debt swap

B
currency swap

C
interest swap

D
principal swap

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 55

Result

Indian Economy Test 55

Score

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Rank

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SHARING IS CARING

Question 1

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 2

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 3

1 and 2

Only 1

2 and 3

All of these

Question 4

1 , 2 , 3 , 4

1 , 2 , 4 , 3

2 , 1 , 4 , 3

2 , 1 , 3 ,4

Question 5

Near money

Narrow money

Money volume

Money stock

Solution

Question 6

CD Deshmukh

Sir James Taylor

PC Bhattacharya

Sir Osbornesmith

Solution

Question 7

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 8

Only 2

1, 2 and 3

2, 3 and 4

All of these

Solution

Question 9

Currency component

Deposit component

Treasury bills with public

Both 'a' and 'b'

Solution

Question 10

debt swap

currency swap

interest swap

principal swap

User

Question Analysis

My Perfomance

Score

-

Rank

-

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