Indian Economy Test 58

Result

Indian Economy Test 58

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Weekly Quiz Competition

Question 1
1 / -0

Which one of the following is the main composition of the New Broad Money (NM3) as per the recommendations of the Working Group on Money Supply : Analytics and Methodology of Compilation?
1) Narrow Money
2) Short-term time deposits of residents maturing at one year
3) Long-term time deposits of residents
4) Term Funding from Financial Institutions
Select the correct answer using the code given below

A
1 and 2

B
1 and 3

C
2 and 3

D
All of the above
Question 2
1 / -0

Select the correct one/ones about a Local Area Banks (LABs) using the code given below
1 . They ensure focussed savings and credit mobilisation by defining their clear boundary of operation .
2 . They operate in narrow geographical area of three continuous districts .
3 . Private sector is allowed to enter the segment .

A
1 and 2

B
2 and 3

C
1 and 3

D
All of the above
Question 3
1 / -0

What does the letter 'e' denotes in the term 'e-banking ' ?

A
Essential Banking

B
Economic Banking

C
Electronic Banking

D
Expansion Banking
Question 4
1 / -0

Select the correct statement regarding the Priority Sector Lending (PSL) obligations of the banks operating in India

A
the number of terms in the PSL has been decreased by the Government of India , following the recommendations of the Narsimham committee-I

B
nationalised banks have to fulfil higher targets of the PSL than the India private sector banks.

C
for foreign private banks the PSL compulsion has been withdrawn .

D
poorest among the poor's also come under the PSL .
Question 5
1 / -0

Consider the following statements
1) The repo rate is the rate at which other banks borrow from the RBI.
2) A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.
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

Solution

Repo rate is the interest rate charged by RBI on the short-term loans it forwards to its customers (banks being one of it). Gini Coefficient measures the 'income inequality' in an economy.
Question 6
1 / -0

Consider the following instruments
1) Credit Monitoring Arrangement
2) Credit Authorisation Scheme
3) Cash Reserve Requirement
4) Statutory Liquidity Requirement
Which of the instruments given above are used in the Selective Credit Control in India ?

A
1 , 2 and 3

B
1 , 2 and 4

C
2 and 3

D
1 and 2
Question 7
1 / -0

Which one of the following agencies of the Indian Government publishes the Narrow Money (M1) and Broad money (M3) on fortnightly basis ?

A
State Bank of India

B
Security Exchange Board of India

C
Reserve Bank of India

D
Central Statistical Organisation
Question 8
1 / -0

Consider the following statements
1) Among liquidity aggregates , the data on L1 and L2 are published monthly by the Reserve bank of India.
2) Data on Reserve Money (M0) in India is published by the Commercial Banks.
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 9
1 / -0

Which one of the liquidity aggregates as per the recommendations of the Working Group on Money Supply : Analytics and Methodology of Compilation, includes the public Deposits of Non-banking Financial Companies ?

A
L1

B
L2

C
L3

D
None of these
Question 10
1 / -0

Consider the following objectives
1) To secure regional co-operation as regards the settlement of monetary transactions among the members of the Union
2) To provide a system for clearing payments among the member countries on a multilateral basis.
Which of the objectives given above is / are the primary objective of Asian Clearing Union (ACU) ?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 58

Result

Indian Economy Test 58

Score

-

Rank

-

SHARING IS CARING

Question 1

1 and 2

1 and 3

2 and 3

All of the above

Question 2

1 and 2

2 and 3

1 and 3

All of the above

Question 3

Essential Banking

Economic Banking

Electronic Banking

Expansion Banking

Question 4

the number of terms in the PSL has been decreased by the Government of India , following the recommendations of the Narsimham committee-I

nationalised banks have to fulfil higher targets of the PSL than the India private sector banks.

for foreign private banks the PSL compulsion has been withdrawn .

poorest among the poor's also come under the PSL .

Question 5

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

Question 6

1 , 2 and 3

1 , 2 and 4

2 and 3

1 and 2

Question 7

State Bank of India

Security Exchange Board of India

Reserve Bank of India

Central Statistical Organisation

Question 8

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 9

L1

L2

L3

None of these

Question 10

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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