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Indian Economy Test 56

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Indian Economy Test 56
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Consider the following statements .
    Regional Rural Banks
    1 . have limited area of operations .
    2 . have free access to liberal refinance facilities with NABARD .
    3 . are required to lend only to weaker sections.
    Which of the statement given above is / are correct ? 
  • Question 2
    1 / -0
    Which one of the following is the correct sequence of the countries having Foreign Exchange Reserve from high to low?
    Solution
    China has the world' highest Forex reserves amounting to $3.1 trillion. Russia, India and France have Forex reserves equal to $420 million, $404 million, $154 million (approx) respectively.
  • Question 3
    1 / -0
    Consider the following kinds of credit controls:
    1) Minimum margins for lending against specific securities. 
    2) Ceiling on the amounts of credit for certain purposes. 
    3) Discriminatory rate of interest charged on certain types of advances.
    Which of the credit controls given above are used by RBI as a selective credit control measures?
    Solution
    • There are two different types of credit control measures used by RBI: Quantitative and Qualitative.
    • Quantitative measures are used to regulate the volume of credit and these include Open Market Operations, SLR, CRR etc.
    • Qualitative or selective credit control measures are used to regulate the flow of credit. These include Margin Requirements, Consumer Credit Regulation, Rationing of credit, Moral Suasion etc. 
    • All the three measures given in the question thus come under qualitative or selective credit control measures.
  • Question 4
    1 / -0
    After a gap of over 20 years, Rs. 1 note has been released in the country and it bears the signature of ______________.
    Solution
    RBI has the responsibility of minting currency notes except the one rupee note which is released by the Government of India and bears the signature of the Finance Secretary, and not the RBI Governor.
  • Question 5
    1 / -0
    Consider the following elements 
    1) Broad Money (M3)
    2) All deposits with Post Office Savings Banks
    3) National Savings Certificates
    Which of the elements given above are the parts of the M4-Money Supply in Indian Economy ?
  • Question 6
    1 / -0
    Consider the following statements 
    1) Sectoral currency is a form of complementary currency that is restricted to a specific sector.
    2) Digital gold currency is a form of electronic money based on ounces of gold.
    Which of the statements given above is / are correct ?
  • Question 7
    1 / -0
    Consider the following money supplies 
    1) Narrow money
    2) Saving deposits in the post office
    3) Time deposits of the public with bank
    4) Total post office savings
    Which of the money supplies given above are the major components of the Broad Money ?
  • Question 8
    1 / -0
    Foreign Exchange Reserve are accumulated when there is absorption of the excess foreign exchange flows by the RBI through intervention in foreign exchange markets.
    Which of the following currency is used by the RBI as an intervention currency ?
  • Question 9
    1 / -0
    Consider the following statements 
    1) Repo bills are typically short- term bills.
    2) Repo bills are not unusual to see with a maturity as long as two years.
    Which of the statements given above is / are correct ?
  • Question 10
    1 / -0
    The Reserve Bank of India has initiated publication of a new set of monetary and liquidity aggregates as per the recommendations of the Working Group on Money Supply : Analytics and Methodology of Compilation.
    Then , which one of the following money supplies in India is remained unchanged as that of the old definitions ?
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