Indian Economy Test 32

Result

Indian Economy Test 32

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

Consider the following statements:
$$1$$. Indian Depository Receipt is an instrument denominated in Indian rupees in the form of a depository receipt created by the custodian of securities registered with the Securities and Exchange Board of India against the underlying equity of issuing company.
$$2.$$ Standard Chartered $$PLC$$ became the first global company to file for an issue of Indian depository receipts in India.
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

IDR stands for Indian Depository Receipts. As per the definition given in the Companies (Issue of Indian Depository Receipts) Rules, 2004, IDR is an instrument in the form of a Depository Receipt created by the Indian depository in India against the underlying equity shares of the issuing company. An IDR is a way for a foreign company to raise money in India. In an IDR, foreign companies would issue shares, to an Indian Depository, which would in turn issue depository receipts (IDR) to investors in India.
Standard Chartered PLC became the first global company to file for issue of IDRs in India.
Question 2
1 / -0

Purchase or sale of government securities by the Central bank from the general public in the bond market, in a bid to increase or decrease the money supply in the economy is referred to as ________.

A
open market operation

B
rationing of credit

C
variable reserve ratio

D
dear money policy

Solution

Open market operations refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system. It is a key component of the Monetary Policy system of the Central Bank. In India, the central bank is called as the Reserve Bank of India.
Question 3
1 / -0

With reference to Indian capital market, consider the following statements:
$$1.$$ CRISIL was set-up in the Eighth Five Year Plan.
$$2.$$ CRISIL rates the debt instruments of the public sectors.
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

CRISIL is India’s first credit rating agency, incorporated in 1987 and was promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions. It rates debt instruments of public sector institutions. The 8th Five year plan was between 1992-1997.
Question 4
1 / -0

With reference to Indian commercial banks consider the following statements:
1. The base rate system for the interest of commercial banks was introduced in 2010.
2. The base rate system has enabled a more informed assessment of the transmission of monetary policy impulses to banks' leading rates.
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

The base rate system was introduced in 2010 and it replaced the earlier Prime Lending Rate (PLR) system to which all lending rates were pegged. Base rate became the new floor rate below which no bank could lend. The base rate system was brought to increase transparency in the lending market and enable a more informed assessment of transmission of monetary policy changes to banks' lending rates.
Question 5
1 / -0

Consider the following statements:
$$1$$. National Housing Bank (NHB) was established by the RBI in $$1980$$.
$$2.$$ NHB is directly financing the schemes of housing for women in India.
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

National Housing Bank, a wholly-owned subsidiary of Reserve Bank of India, was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is an apex financial institution for housing. NHB has refinance schemes for women and not direct finance schemes.
Question 6
1 / -0

Tarapore committee submitted its report on 'Full Convertibility on Rupee' in _________________.

A
Current account

B
Capital account

C
Both $$'a'$$ and $$'b'$$

D
Special Drawing Rights (SDR)

Solution
Question 7
1 / -0

Fiscal Responsibility and Budget Management Act was enacted in India in the year ____________.

A
2002

B
2005

C
2003

D
2007
Question 8
1 / -0

Which of the following taxes is/are levied by the Union and collected and appropriated by the States?

A
Stamp duties

B
Passenger and good tax

C
Estate duty

D
Taxes on newspaper

Solution

As mention in article $$268$$ of Indian Constitution. Stamp Duties are mentioned in the Union List shall be levied by the Government of India but collected and appropriated by the States.
Question 9
1 / -0

Consider the following statements about the Indian capital market:
$$1.$$ Primary Market in India is mainly dealt in the new issues and debentures.
$$2.$$ Primary Market in India is supervised by the Insurance Regulatory Development Authority.
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

The primary market is where the firms actually obtain resources to finance investment projects. In nutshell, primary market is that part of capital market where dealing exchange take place in the new capital issues (Initial Public Offerings (IPOs) by existing and new companies. Primary market is supervised by Securities Exchange Boards of India.
Question 10
1 / -0

Micro-finance is the provision of financial services to the people of low income groups. This includes both consumer and the self-employed. The service/ services rendered under micro-finance is/are:
$$1.$$ Credit facilities
$$2.$$ Saving facilities
$$3.$$ Insurance facilities
$$4.$$ Fund transfer facilities
Which of the statements give above is/are correct?

A
$$1, 2, 3$$ and $$4$$

B
$$1$$ and $$4$$

C
$$2$$ and $$3$$

D
Only $$1$$

Solution

Micro-finance is different from micro-credit- under the latter, small loans are given to the borrower but under micro-finance alongside many other financial services like savings accounts, insurance, credit facilities and fund transfer facilities.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Indian Economy Test 32

Result

Indian Economy Test 32

Score

-

Rank

-

SHARING IS CARING

Question 1

Only $$1$$

Only $$2$$

Both $$1$$ and $$2$$

Neither $$1$$ nor $$2$$

Solution

Question 2

open market operation

rationing of credit

variable reserve ratio

dear money policy

Solution

Question 3

Only $$1$$

Only $$2$$

Both $$1$$ and $$2$$

Neither $$1$$ nor $$2$$

Solution

Question 4

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Solution

Question 5

Only $$1$$

Only $$2$$

Both $$1$$ and $$2$$

Neither $$1$$ nor $$2$$

Solution

Question 6

Current account

Capital account

Both $$'a'$$ and $$'b'$$

Special Drawing Rights (SDR)

Solution

Question 7

2002

2005

2003

2007

Question 8

Stamp duties

Passenger and good tax

Estate duty

Taxes on newspaper

Solution

Question 9

Only $$1$$

Only $$2$$

Both $$1$$ and $$2$$

Neither $$1$$ nor $$2$$

Solution

Question 10

$$1, 2, 3$$ and $$4$$

$$1$$ and $$4$$

$$2$$ and $$3$$

Only $$1$$

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.