RL ECO 2 Flashcards
(321 cards)
1
Q
●The ____, the apex institution of housing finance inIndia, was set up as a wholly-owned subsidiary ofthe Reserve Bank of India.
A
National HousingBank
2
Q
●Regarding the procurement of food-grains,Government of India follows a procurement targetrather than an ___ procurement policy.
A
open-ended
3
Q
●For distribution under Targeted Public DistributionSystem (TPDS), which cereals are issued by theGovernment of India at uniform central issueprices to the States/Union Territories?
A
wheatand rice
4
Q
●Most of the cultivation of ____ crops in Indiacontinues to be dependent on rainfall:
A
Oilseedcrops
5
Q
●Which airport in India is the first to be owned by apublic limited company?
A
Bangalore airport
6
Q
●The second report of which Committee dealing withdirect and indirect taxes has maintained itsoriginal recommendation including the abolitionof exemptions relating to housing loans?
A
KelkarCommittee
7
Q
●For calculating the____, all the stock are assignedproportional weightage.
A
Sensex
8
Q
●The weekly compilation and Publication of WholesalePrice Indices (WPI) is done by the:
A
Office ofEconomic Advisor
9
Q
●Which comapny has started a rural marketingnetwork called ‘e-chaupals’?
A
ITC
10
Q
●People belonging to which age groups are eligible fortraining under TRYSEM scheme?
A
18-35 years
11
Q
●RBI revision of Repo/Reverse Repo rate by 10 basispoints implies
A
0.10 per cent
12
Q
●Under Repo rate banks can borrow above SLRRequirements. Under which facility can Banksborrow within SLR requirements?
A
MarginalStanding Facility
13
Q
●Which one provides training in macroeconomicanalysis and policy and related subject as a part ofprogramme of the IMF institute?
A
Singaporeregional Training Institute (STI)
14
Q
●The series of index number of wholesale pricesintroduced from April, 2000 had the year ____ asbase year.
A
1993-94
15
Q
●Which system is operated under the jointresponsibility of the Central and the StateGovernments?
A
Public Distribution System
16
Q
●Core Inflation is essentially ____ driven.
A
Demand
17
Q
●Which type of planning is a feature of ‘MixedEconomy’?
A
Indicative Planning
18
Q
●Which type of financing is for infrastructure projectswhich have long gestation period and helps toprevent any possible asset-liability mismatch?
A
Take-Out Financing
19
Q
●Deposit Insurance and Credit GuaranteeCorporation (DICGC), National Housing Bank(NHB), National Bank for Agriculture and RuralDevelopment (NABARD) and Bharatiya ReserveBank Note Mudran Private Limited (BRBNMPL)are the wholly/partly owned subsidiaries of the
A
Reserve Bank of India
20
Q
●Once a Budget has been presented in the Parliament,the government has to get all money bills relatedto the union budget passed within:
A
75 days
21
Q
●Subsidiaries of foreign companies in India, Majorityforeign equity holding in Indian companies andCompanies exclusively financed by foreigncompanies constitute ____ in India.
A
ForeignDirect Investment
22
Q
●What happens when there is a natural increase in thevalue of the property owned and when wepurchase a painting and there is a growth in itsvalue due to increase in its popularity?
A
CapitalGains arise
23
Q
●Purchase of Government securities from the publicby the central bank and borrowing by theGovernment from the central bank lead to anincrease in the:
A
Money supply in the economy
24
Q
●Despite having large reserves of coal, why does Indiaimport millions of tonnes of coal?
A
Most of thepower plants in India are coal based and they arenot able to get sufficient applies of coal fromwithin the country
25
●In India, Steel companies need large quantity of ____coal which has to be imported.
Coking coal
26
●Purchasing power parity at national level and Extentof budget deficit and GDP growth rate at nationallevel have been included in the:
Poverty Index
27
●The Multi-Dimensional Poverty Index developed byOxford Poverty and Human DevelopmentInitiative with UNDP support covers
Deprivation of education, health, assets andservices at household level
28
●Which Finance Commission of India recommendedDevolution of a specific share of central taxes tolocal bodies as grants?
13th FinanceCommission
29
●The Government of India is providing the benefit of'single window clearance' and Establishing theTechnology Acquisition and Development Fund topromote the growth of:
Manufacturing sector inIndia
30
●In India, the food supply chain has been found tohave structural constraints. What is the fallout ofthis feature?
High Food Inflation
31
●Placing Annual Financial Statement before theParliament and Withdrawal of moneys fromConsolidated Fund of India only after passing theAppropriation Bill are methods of:
Parliamentary control over public finance in India
32
●What do Provisions of supplementary grants andvote-on-account and a periodic or at least a mid-year review of programme of the Governmentagainst macroeconomic forecasts and expenditureby a Parliamentary Budget Office, signify?
Parliamentary control over public finance in India
33
●India has experienced persistent and high foodinflation in the recent past. What could be thereasons?
As a consequence of increasingincomes, the consumption patterns of the peoplehave undergone a significant change.
34
"●A rapid increase in the rate of inflation is sometimesattribute to the ""base effect"". What is ""baseeffect""?"
It is the impact of the price levels ofprevious year on the calculation of inflation rate
35
●Which is a tax levied on value addition at each stageof transaction in production-distribution chain?
Value Added Tax
36
●A tax on the final consumption of goods or servicesand must ultimately be borne by the consumer
Value Added Tax
37
"●A ""closed economy"" is an economy is which:"
neitherexports nor imports take place
38
"●With what purpose is the Government of Indiapromoting the concept of ""Mega Food Parks""?"
To provide good infrast-ructure facilities for thefood processing industry.
39
●To increase the processing of perishable items andreduce wastage and to provide emerging and eco-friendly food processing technologies toentrepreneurs, the Government of India ispromoting:
Mega Food Parks
40
●All revenues received by the Union Government byway of taxes and other receipts for the conduct ofGovernment business are credited to the:
Consolidated Fund of India
41
●What is the term for the provision of financial serviceto people of low-income groups and includes boththe consumers and the self-employed:
Microfinance
42
●Promoting Self-Help Groups, Micro, Small andMedium Enterprises and Implementing the Rightto Education Act can aid in furthering theGovernment's objective of:
Inclusive growth
43
●Why is the Government of India disinvesting itsequity in the Central Public Sector Enterprises(CPSEs)?
The Government no longer intends toretain the management control of the CPSEs
44
●Economic growth is usually coupled with:
Inflation
45
●The lowering of Bank Rate by the Reserve Bank ofIndia leads to:
More liquidity in the market
46
●What happens when the interest rate in the economyincreases?
lending decreases
47
●Demand curve of a firm under perfect competition is:
Perfectly Elastic
48
●The object of every producing firm is:
To maximiseprofit
49
●Who determines price under perfect competition?
Industry
50
●Marshall's representative firm is a long-run averagefirm while optimum firm is a:
Minimum costfirm
51
●In perfect competition average revenue curve is:
Parallel to x-axis
52
●In the long-run, perfect competitive firm gets:
onlynormal profit
53
●What minimum price is acceptable by a firm in theshort-period?
Equal to AVC
54
●Selling cost is a must in:
Imperfect competition
55
●Which category of land is rent less land?
Marginalland
56
●Land is the only factor of production whose supply is:
Perfectly Inelastic
57
●The Example of derived demand is:
Demand forlabour
58
●Which of the following is an active factor ofproduction?
Labour
59
●Who developed the innovation theory of profit?
Schumpeter
60
"●""An Enquiry into the Nature and Causes of Wealth ofNations"" is the book of economist:"
Adam Smith
61
"●""Economics is the Science of Wealth"" who gave thisdefinition:"
Adam Smith
62
"●Economics is what economists do."" It has beensupported by:"
Richard Jones, Comte andGunnar Myrdal
63
"●Human Welfare is the subject of Economics."" Thisstatement is associated with the name of"
Marshall, Pigou and Penson
64
●Who has given scarcity definition of economics?
Robbins
65
●Characteristics of economic laws are:
Merestatements of economic tendencies, Less certainAND Hypothetical
66
●Which theory is generally included under microeconomics?
Price Theory
67
●Whose opinions have revolutionized the scope ofmacro economics?
J.M. Keynes
68
●Passive factor of production is:
Land and capital
69
●Under law of demand:
Price of commodity is anindependent variable Quantity demanded is adependent variable Reciprocal relationship isfound between price and quantity demanded
70
●For inferior commodities, income effect is:
Negative
71
●When total utility becomes maximum, then marginalutility will be:
Zero
72
●Utility means:
Power to satisfy a want
73
●Marginal utility is equal to average utility at that timewhen average utility is:
Maximum
74
●At point of satiety, marginal utility is:
Zero
75
●Total utility of a commodity is measured by
Valuein use
76
●According to Marshall, the basis of consumer surplusis:
Law of diminishing marginal utility
77
●Which commodity can be called as Giffen commodity
Inferior commodity
78
●The price of a commodity is determined where:
Demand = supply
79
In perfect competition, the demand for a commodity is:
Perfectly elastic
80
●Which condition is not found in perfect competition?
Product differentiation
81
●In which market, a firm cannot determine price?
Perfect competition
82
●Sea water, fresh air etc. are regarded in economics as:
Free goods
83
●If the price of tea falls, demand for coffee will:
fall
84
●At present the National commission on population isunder:
Ministry of Health
85
●Division of labour is a concept advocated by:
Smith
86
●When a leather industry discharges its waste in theriver causing water pollution the cost incurred onhealth hazards is called:
Social cost
87
●Demand for labour is a:
derived demand
88
●Employment in Agriculture comes under:
unorganized sector
89
●There is no selling cost under:
monopolisticcompetition
90
●Planning and control are so related that:
Both goon simultaneously in cycle
91
●What does National Income mean?
The total valueof all goods and services produced in the countryduring a period of one year
92
●Depreciation means:
loss of equipment over timedue to wear and tear
93
●Deficit financing leads to inflation in general, but itcan be checked if:
government expenditureleads to increase in the aggregate supply in ratioof aggregate demand
94
●When only aggregate demand is increased and all theexpenditure is denoted national debt paymentonly:
deficit financing can be checked
95
●If all the banks in an economy are nationalized andconverted into a monopoly bank, the totaldeposits:
will neither increase nor decrease
96
●When elasticity of demand and elasticity of supplyare equal, the burden of tax:
lies more on buyer
97
●If interest payment is deducted from the fiscal deficit,then the balance is:
Primary Deficit
98
●Which government income is included in revenuebudget?
Tax-revenue and Non-tax revenue
99
●Which is included in Capital budget?
Incomereceived from public borrowings
100
●Revealed Preference Theory was propounded by:
P.A. Samuelson
101
●Gross Domestic Product is defined as the value of all:
Final goods and services produced in aneconomy in a year
102
●An exceptional demand curve is one that moves:
upward to the right
103
●Production function explains the relationshipbetween:
Initial inputs and ultimate output
104
●In Economics the terms 'Utility' and 'Usefulness'have:
Different meaning
105
●Nature of unemployment in agriculture in India is:
seasonal and disguised
106
"●The terms ""Micro Economics"" and ""MacroEconomics"" were coined by:"
Ragner Frisch
107
●The excess of price a person is to pay rather thanforego the consumption of the commodity iscalled:
consumer surplus
108
●A want becomes a demand only when it is backed bythe:
ability to purchase
109
●The 'break-even' point is where:
total revenueequals total cost
110
●Rate of interest is determined by:
liquiditypreference
111
●The purchase of shares and bonds of Indiancompanies by Foreign Institutional Investors iscalled
Foreign Indirect Investment
112
●An individual's actual standard of living can beassessed by:
per capita income
113
●When there is an official change in the exchange rateof domestic currency, then it is called:
revaluation
114
●Inflation redistributes income and wealth in favourof:
rich
115
●Excise Duty is a tax levied on:
Commodities thatare produced and consumed within the country
116
●Who said 'Supply creates its own demand'?
J.B.Say
117
●Effective demand depends on:
Supply price
118
●The degree of monopoly power is to be measured interms of the firm's:
supernormal profit
119
●Under perfect competition, the industry does nothave any excess capacity because each firmproduces at the minimum point on its:
Long runaverage cost curve
120
●A teacher teaching students in his college, in acoaching institute and teaching students underSarva Shiksha Abhiyan Scheme constitute:
economic activity
121
●Elasticity of demand measures the responsiveness ofthe quantity demanded of a good to a:
change inthe price of the good
122
●Consumption function expresses the relationshipbetween consumption and:
income
123
●State ownership of means of production ischaracteristic feature of:
socialist economy
124
●The main objective of a firm is to maximise:
profit
125
●'Gresham's law' in economics relates to:
Circulation of currency
126
●In a system of free enterprise, consumers decide whatgoods and services shall be produced and in whatquantities. It is known as:
Consumer'ssovereignty
127
●According to Karl Marx, the change in economicsystem results in inevitable changes in:
theentire system
128
●A camera in the hands of a professionalphotographer is a
Capital good
129
●Externality theory is the basic theory of the followingbranch of Economics:
International Economics
130
"●""Functional Finance"" is associated with:"
Abba 'P'Lerner
131
●To buy a book, from the market by giving money iscalled:
direct exchange
132
●A firm is in equilibrium when its:
Marginal costequals the marginal revenue
133
●Personal disposable income is:
Equal to personalincome minus direct taxes paid by household
134
●When there is no direct relationship between the taxpayer and the Government, the tax is called:
Indirect tax
135
●Gross Domestic Product is the monetary value of:
all final goods and services produced in a year
136
●In economics, production means:
Creating utility
137
●What does the letter 'C' denote in the term 'ECB' asused in the banking and financial operations?
Commercial
138
●The decimal system of Indian currency was startedin:
1957
139
●Which authority recommends the principlesgoverning the grants-in-aid of the revenues of thestates out of the Consolidated Fund of India?
Finance Commission
140
●The main source of revenue for a State Governmentin India is:
Sales Tax
141
●To achieve high rates of growth of national output,the economy has to:
step up the rate of savings
142
●The proceeds of income tax go to:
CentralGovernment
143
●What is the purpose of the India Brand Equity Fund?
To make 'Made in India' a label of quality
144
●How does the consumer benefit with VAT?
Itremoves tax on tax and thus reduces price rise
145
●In estimating the budgetary deficit, the officialapproach in India is to exclude:
drawing downof the cash balance
146
●During which Five-Year Plan did India lay down theobjective of the need to ensure environmentalsustainability of the development strategy?
9thFive Year Plan
147
●The Government of India made it obligatory on thepart of all commercial banks that they should givesome cash amount while purchasing Governmentbonds. What would you call this?
StatutoryLiquidity Ratio
148
●The receipts of which of the following taxes/duties arenot shared with the States?
Tax on incomeexcept agriculture
149
●Currency notes of Rs. 2 denomination and above areliabilities of:
Reserve Bank of India
150
●The type of note issue system followed in India is:
Minimum Reserve System
151
●When was Consumer Protection Act enacted?
1986
152
●When was National Development Council formed?
6th August, 1952
153
●Who becomes the Chairman of NationalDevelopment Council?
Prime Minister
154
●When was first five year plan introduced?
1stApril, 1951
155
●When was 10th five year plan introduced?
1stApril, 2002
156
●Which system enables paperless trading and transferof shares?
Depository system
157
●In India the share of different sectors in the installedelectricity generation capacity is:
central sector> state sector > private sector
158
●'CAPART' is engaged primarily with which one ofthe following in India?
Rural development
159
●The present monetary system in India is managed by:
Reserve Bank of India
160
●What is a Multinational Company?
A companyhaving operations in many countries
161
●A Trade Cycle consists of
four phases
162
●The expenses of the Government of India are thehighest on account of subsidy on:
Food
163
●When a large number of investors in a countrytransfer their investments elsewhere because ofdisturbed economic conditions, it is called:
Flight of capital
164
●On the basis of size and composition of external debt.World Bank has classified India as:
A lessindebted country
165
●Golden Handshake Scheme was associated with:
Voluntary retirement
166
●The existence of agriculture and industry andcommercial agriculture with subsistence farmingis known as:
Dual economy
167
●Modern industry and commercial agriculture co-existing with subsistence farming and traditionalhandicrafts is known as:
Dual economy
168
●Acute shortage of capital, technologicalbackwardness and lack of skilled manpower hasgreatly obstructed the economic development ofIndia. These are:
economic factors
169
●Development expenditure of the Central governmentdoes not include:
defence expenditure
170
●Since independence, both development and non-development expenditures have increased; theincrease in the former being a little more than inthe other. Non-development expenditure involves:
interest payments, subsidies and defence
171
●The association of the rupee with pound sterling asthe intervention currency was broken in:
1992
172
●If the cash reserve ratio is lowered by the RBI, itsimpact on credit creation will be to:
increase it
173
●The central co-operative banks are in direct touchwith:
state co-operative banks
174
●The first wholly Indian Bank was set up in:
1894
175
●States earn maximum revenue through:
commercial taxes
176
●Non Tax revenues can be increased by improving theworking of the:
commercial irrigation projects
177
●The condition of indirect taxes in the country'srevenue is approximately:
86 per cent
178
●Deficit financing means that the government borrowsmoney from the:
Reserve Bank of India
179
●Since the inception of the co-operative movement,rural credits has been:
institutionalized,rationalized, and cheapened
180
●If an economy is equilibrium at the point where plansto save and to invest are equal, then governmentexpenditure must be:
equal to governmentincome
181
●The co-operative credit societies have a:
three-tierstructure
182
●National Agricultural Insurance Scheme replacingComprehensive Crop Insurance Scheme wasintroduced in the year:
1999
183
●If the fiscal deficit of the Union Government is Rs.75,000 crores relending to State is Rs. 25,000crores, interest payments are Rs. 25,000 crores,what is the amount of the primary deficit?
Rs.50,000 crores
184
●Fiscal deficit in the Union Budget means:
the sumof budgetary deficit and net increase in internaland external borrowings
185
●The annual yield from which of the following UnionGovernment taxes is the highest?
Excise duties
186
●In the budget figures of the Government of India,fiscal deficit is:
sum of budget deficit andGovernment market borrowings and liabilities
187
●Which authority decides about the States' share incentral taxes?
Finance Commission
188
●In India, one-rupee coins and notes and subsidiarycoins are issued by:
The Central Government
189
●In the budget figures of the Government of India thedifference between total expenditure and totalreceipts is called:
Fiscal deficit
190
●In the budget figures of the Government of India,interest payments, subsidies, pensions, socialservices and the like are parts of the:
Non-planExpenditure
191
●Who coined the term 'Hindu rate of growth' forIndian economy?
Raj Krishna
192
●In the post-independence period, economic reformswere first introduced in India under:
P.V.Narasimha Rao Government (1990)
193
●The Report of Vijay Kelkar Committee relates to:
Tax Reforms
194
●Reserve Bank of India was nationalised in:
1949
195
●Per capita income is obtained by dividing NationalIncome by:
Total population of the country
196
●What is CENVAT?
Indirect tax
197
●Where is Indian Diamond Institute (IDI) established?
Surat
198
●What is the nature of income tax in India?
Progressive
199
●Which factor is not related to economic development?
Compulsory change in economic welfare
200
●Process of economic development means:
economicchange, social change, ethical, institutional andcultural change
201
●What is the main characteristic of a capitalist or freemarket economy?
Individuals are the owners offactors of production and Profit is the mainmotive of carrying out various activities
202
●When the productive capacity of the economic systemof a State is inadequate to create sufficientnumber of jobs, it is called:
Structuralunemployment
203
●Fiscal policy in India is formulated by:
FinanceMinistry
204
●Special Drawings Rights (SDRs) relate to:
International Monetary Fund
205
●Who estimated the National Income for the first timein India?
Dadabhai Naoroji
206
●Natural resources, Capital formation and Size of themarket determine:
economic development
207
●National income is generated from:
any moneymaking activity
208
●The Draft of the Five Year Plans in India is approvedby:
National Development Council
209
●The Government has renamed NREGA scheme andthe name associated with the scheme is that of:
Mahatma Gandhi
210
●A single tax that replaces state taxes like, surchargeturnover tax and sales tax, etc, is known as:
Value Added Tax (VAT)
211
●The outcome of devaluation of currency is:
Increased export and improvement in balance ofpayment
212
●Eco-Mark is given to an Indian Product which is:
environment friendly
213
●In which list does the subject 'planning' figure?
Concurrent list
214
●SCOPE' is the abbreviated form of:
StandingConference of Public Enterprises
215
●According to the Constitution, which Fund will beunder the control of the President of India?
Contingency Fund of India
216
●According to Keynes, real inflation takes place:
After the level of full employment
217
●What is necessary to control cost push inflation?
Toimpose control on wages of labour, and To removemarket imperfections
218
●Inflation occurs when aggregate supply is:
Lessthan aggregate demand
219
●Notes on which denomination has the portrait ofMahatma Gandhi printed on them?
1000 rupee, 500 rupee and 100 rupee
220
●Devaluation of currency will be more beneficial if:
prices of exports remain constant
221
●In India, inflation measured by the:
WholesalePrice Index number
222
●Selling of securities in the open market by the centralbank creates:
Deflation
223
●To control inflation the central bank should:
sellgovernment securities and to increase bank rate
224
●During periods of inflations, tax rates should:
increase
225
●A situation where we have people whose level ofincome is not sufficient to meet the minimumconsumption expenditure is considered as:
Absolute poverty
226
●Which term refers to a situation where Rate ofgrowth is slower than the rate of price increase?
stagflation
227
●Decline in the price of goods and services istechnically known as:
Deflation
228
●An essential attribute of Inflation is:
increase inprices
229
●The Tarapore Committee recommended that beforecapital account was made convertible the rate ofinflation should be brought down for three yearsto within:
3.5 %
230
●What is NABARD's primary role?
to provide termloans to state co-operative banks
231
●RBI does not transact the business of which stategovernment?
Jammu & Kashmir
232
●The symbol of Reserve Bank of India is:
Tigerbefore a Palm tree
233
●What is known as the open market operation of theReserve Bank of India?
Trading in securities
234
●When did the Rupee become a freely convertiblecurrency on current account, in India?
1994
235
●What is the name of the electronic communicationnetwork of the Reserve Bank of India?
RBINET
236
●The central banking functions in India are performedby the:
Reserve Bank of India
237
●In the second nationalization of commercial banks,___ banks were nationalized.
6
238
●In pursuance with the recommendations ofNarasimhan Committee, the RBI has framed newguidelines:
to govern entry of new private sectorbanks to make the banking sector morecompetitive
239
●For whom was the first departmental life insurancestarted?
Employees of postal department
240
●What is the animal on the insignia of the RBI?
Tiger
241
●A Scheduled Bank is one which is included in the:
II Schedule of Reserve Bank of India Act
242
●The best way, a bank can avoid loss is to:
acceptsound collateral
243
●In India, the first bank of limited liability manages byIndians and founded in 1881 was:
OudhCommercial Bank
244
●If the RBI adopts an expansionist open marketoperations policy, this means that it will:
offercommercial banks more credit in the open market
245
●Since 1983, the RBI's responsibility with respect toregional rural banks was transferred to:
NABARD
246
●The Small Industries Development Bank of India(SIDBI) has been operating under SWS. What isthe full form of SWS?
Single Window Service
247
●When was the Small Industries Development Bank ofIndia (SIDBI) set up?
1990
248
●The Headquarters of SIDBI is located at:
Lucknow
249
●Which term is used for the rate at which other banksborrow from the Reserve Bank of India?
RepoRate
250
●A value of 1 for ____ in country implies that there isperfectly equal income for everyone in itspopulation.
Gini co-efficient
251
●Reserve Bank of India keeps some securities againstnotes. These securities are always less in comparison to:
Gold, Foreign Bondsand Government Bonds
252
●Merchant Banking is an institution which providesfinances to:
international trade among countries
253
●The system of issuing and monitoring of money in themarket is known as:
Minimum Reserve Ratio
254
●Accounts are allowed to be operated by cheques inrespect of:
Savings bank accounts and currentaccounts
255
●Normally no interest is paid on ____ accounts.
Current deposit account
256
●Current accounts, savings bank accounts and termdeposit accounts are the usual:
deposit accountsof banks
257
●Fixed deposits and recurring deposits are:
repayable after an agreed period
258
●Provision of financial services namely, payments,remittances, savings, loans and insurance ataffordable cost to persons not yet given the same,is known as:
Financial Inclusion
259
●When a bank returns a cheque unpaid, it is called:
dishonor of the cheque
260
●The security on immovable property for a loan givenby a bank is known as:
Mortgage
261
●Distribution of insurance products and insurancepolicies by banks as corporate agents is known as:
Bancassurance
262
●NEFT means:
National Electronic Funds Transfersystem
263
●Interest on savings bank account is now calculated bybanks on:
daily product basis
264
●A centralized database with online connectivity tobranches, Internet as well as ATM-network whichhas been adopted by almost all major banks ofour country is known as:
Mobile banking
265
●Treasury bills, repurchase agreement, commercialpaper and certificate of deposit are known as:
Money market instruments
266
●With a view to facilitate payment of balance in thedeposit account to the person named by thedepositor without any hassles in the event of deathof the account holder, the following facility wasintroduced for bank accounts in our country?
Nomination
267
●Banks in our country normally publicise thatadditional interest rate is allowed on retaildomestic term deposits of:
Senior Citizens
268
●Largest shareholder (in percentage shareholding) of anationalised bank is:
Government of India
269
●SEBI' Tightens Consent Norms was the headline insome papers/magazines recently. What is the fullform of SEBI?
Securities and Exchange Boardof India
270
●'Pure Banking, Nothing Else' is a slogan raised by?
SBI
271
●'Smart Money' is a term used for:
Credit Card
272
●For which Loan Product 'teaser loans' are offered byBanks?
Home Loans
273
●A Saving Bank Deposit Account is one where:
Amounts are deposited and are withdrawn as perrequirement of the customers
274
●Zero balance account is generally allowed to beopened for:
salaried class
275
●In Deposits Account 'KYC' (Know Your Customer)was implemented in 2002 as per directive of:
Reserve Bank of India
276
●Ten Rupee notes contain the signature of:
Governor, Reserve Bank of India
277
●In Corporate Hedging, which one of the followingtypes of risks can be covered?
Currency risk
278
●RTGS stands for:
Real Time Gross Settlements
279
●What is the full form of 'ULIP', the term which wasin the news recently?
Unit Linked InsurancePlan
280
●Many times we read a term CBS used in bankingoperation. What is the full form of the letter 'C' inthe term 'CBS'?
Core
281
●In which sector of economy is Open MarketOperations used?
Banking
282
●How will a reduction in 'Bank rate' affect theavailability of credit?
Credit will increase
283
●Providing bank finance to Self Help Groups (SHGs)is considered a part of
Micro credit
284
●Many a time we read a term 'PPP' in financialdailies/magazines. What is the full form of thesame as used in financial world?
PurchasingPower Parity
285
●What is the expanded form of the term BCBS?
Basel Committee on Banking Supervision
286
●The RBI reviews its credit and monetary policy atregular intervals and also in between. What is thepurpose of the same?
To ensure that inflationdoes not cross the limit; To ensure that banks haveenough liquidity; and To ensure that cost of thefund does not reach a very high level
287
●A major Public Sector Bank raised interest rates onloans by 25 basis point was news in some majorfinancial newspapers recently. This means bankhas raised interest by 25 basis points of:
BaseLending Rate
288
●What is the full form of 'FINO' a term we seefrequently in financial newspapers?
FinancialInclusion Network and Operations
289
●Under which Act/Policy was the BIFR established?
Sick Industrial Companies Act
290
●Which is the first Public Sector Corporation ofindependent India?
Damodar ValleyCorporation
291
●What is the main function of Central StatisticalOrganisation (CSO)?
Collection of estimates ofnational income
292
●ICICI is the name of a:
financial institution
293
●The currency convertibility concept in its originalform originated in:
Bretton Woods Agreement
294
●Our financial system has provided for the transfer ofresources from the centre to the states; theimportant means of resource transfer are:
taxsharing, grant-in-aids, and loans
295
●Debenture holders of a company are its:
Creditors
296
●Regional rural banks:
have limited area ofoperation, have free access to liberal refinancefacilities from NABARD
297
●Excise duty is a tax levied on the:
production ofgoods
298
●The Board of Industrial and FinancialReconstruction (BIFR) came into existence in:
1987
299
●The official agency responsible for estimatingNational Income in India is:
Central StatisticalOrganisation
300
●'Nextzone,' an information technology SEZ is beingestablihsed at:
Panvel in Maharashtra
301
●Where is the Indian Institute of Foreign Tradelocated?
New Delhi
302
●The Centre for Agricultural Marketing is located at:
Jaipur
303
●Invisible export means export of:
Services
304
●A labour intensive industry is one that:
Employsmore hands
305
●Which body monitors the execution of works withinthe Gram Panchayat and conducts regular socialaudits of all the projects taken up with in theGram Panchayat?
Gram Sabha
306
●Industrial exit policy means:
Allowing businessunits to close down
307
●In India, 'Yellow Revolution' is associated with:
Production of oilseeds
308
●Along with goods manufactured using child labour,some of the developed countries have started toboycott goods manufactured in developingcountries using 'sweat labour'. 'Sweat Labour'implies goods produced by:
labourers workingfor more than eight hours a day without anybreak
309
●Which steel plant was started in 1965 in India withWest German collaboration?
Rourkela SteelPlant
310
"●Multi-purpose river valley projects are the ""Newtemples of modern India"". Who said this?"
Jawaharlal Nehru
311
●For which year the latest census was conducted inIndia?
2011
312
●How many censuses (including the 2011 census) havebeen carried out since independence?
07
313
●At what interval of years population census isconducted in India?
10 years
314
●What had been the annual growth rate of populationduring 1991-2001?
1.95 %
315
"● In the history of population growth of India, whichyear is called ""the year of great divide""?"
1921
316
●Which state produces maximum Soyabean?
Madhya Pradesh
317
●Which state produces maximum pulses in thecountry?
Madhya Pradesh
318
●Kasturba Gandhi Education Scheme is related to:
Girl Education
319
●Which state stands first in the length of roads in thecountry?
Maharashtra
320
●What is 'green gold'?
Tea
321
●The leading state in the production of groundnut inthe country
Gujarat
