Q1. Who decides the Base Rate of commercial banks?
(a) RBI
(b) NABARD
(c) SBI
(d) Commercial Bank itself
(e) None of the above
Q2. M1, M2, M3 & M4 is used to measure-
(a) Unemployment
(b) Industrial production
(c) Loss in Balance of payment
(d) Money supply
(e) None of the above
Q3. Deflation refers to-
(a) General decline in price of various commodities and services
(b) Price decline in specific sectors.
(c) Price decline in specific commodities
(d) Sharp and sudden decline in foreign exchange reserves.
(e) None of the above
Q4. Which of the following is not a part of the World Bank?
(a) IBRD
(b) ADB
(c) IDA
(d) IFC
(e) MIGA
Q5. Which of the following articles of the Indian constitution is associated with Union Budget?
(a) 112
(b) 356
(c) 360
(d) 372
(e) None of the above
Q6. Which of the following statements are true about Indira Awas Yojana?
I. It will provide financial assistance to construct a permanent house for BPL families.
II. 12 crore house will be constructed by 2013-14.
III. Over 60 lakh houses will be constructed form 2009-10 to 2010-11
IV. More than 27 lakh houses will be constructed during 2011-12.
(a) Only I and II
(b) Only II, III & IV
(c) Only I, III & IV
(d) All of the above
(e) None of the above
Q7. Which of the following scheme is Rajiv Gandhi’s scheme for empowerment of adolescent girls?
(a) SABLA
(b) MNREGA
(c) ABLA
(d) IAY
(e) None of the above
Q8. The headquarter of World Bank is in –
(a) Geneva
(b) New York
(c) Washington DC
(d) Vienna
(e) None of the above
Q9. Which of the following statements is/are true about the shareholding in the Regional Rural Bank (RRB)?
I. Central govt. holds 50% stake.
II. RBI holds 50% stake.
III. State government holds 15% stake.
IV. Sponsored bank holds 35% stake.
(a) Only I & II
(b) Only II, III & IV
(c) Only I, III & IV
(d) Only I & IV
(e) None of the above
Q10. Open market operations of RBI refers to –
(a) Buying and selling of securities
(b) Trading in shares
(c) Auctioning of treasury bills
(d) Selling & purchasing of goods
(e) None of the above
Q11. Which of the following is called “paper gold”?
(a) Euro
(b) Dollar
(c) Yuan
(d) SDR
(e) None of the above
Q12. Which of the following is/was not included in the agenda set for the Banking Reforms in India?
(a) Dismantling of administered interest rates
(b) Measure to strengthen risk management
(c) Promulgation of SARFAESI Act
(d) Promotion of the concept of easy credit to all with a guaranteed subsides from the government
(e) None of the above
Q13. Which of the following organizations/agencies is not actively involved in drafting the Union Budget of India?
(a) The Planning Commission or NITI Aayog
(b) The comptroller and Auditor General of India
(c) Administrative staff of the lok sabha
(d) Ministry of Finance
(e) None of the above
Q14. In respect of which one of the following area, Y. H. Malegam Committee has submitted its recommendations?
(a) Interest on Micro Finance loans
(b) Teaser loans
(c) Rural development
(d) Advances to agriculture
(e) None of the above
Q15. Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon'ble Union Finance Minister in his General Budget Speech FY 2002-03. Where is headquarter of AIC?
(a) Mumbai
(b) Chennai
(c) New Delhi
(d) Lucknow
(e) Kolkata
ANSWERS :
1. d
2. d
3. a
4. b
5. a
6. d
7. a
8. c
9. c
10.a
11.d
12.d
13.c
14.a
15.c
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