Currency and Inflation Set 3
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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Currency and Inflation Set 3
Q1 | Which of the following Mahatma Gandhi series of currency notes issued by the RBI hasa drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]
- Rs. 500
- Rs. 100
- Rs. 50
- Rs. 10
Q2 | Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "ecology" depicted on it? [SSC Graduate 2003]
- Rs. 500
- Rs. 100
- Rs. 50
- Rs. 5
Q3 | All of the following are subsidiaries of the State Bank of India, except:
- State Bank of Bikaner and Jaipur
- Central Bank of India
- State Bank of Hyderabad
- State Bank of Patiala
Q4 | Consider the following events: 1. Conversion of Imperial Bank of India into S.B.I. 2. Establishment of NABARD 3. Setting up of RRBs 4. Nationalisation of R.B.I. The correct chronological sequence of these events is : [CDS 1999]
- 4, 1, 2, 3
- 4, 1, 3, 2
- 1, 4, 3, 2
- 1, 4, 2, 3
Q5 | Word Bull and Big are associated with which branch of commercial activity? [UP PCS 2002]
- Foreign Trade
- Banking
- Share Market
- Manufacturing
Q6 | How do we define the terms bull and bear with regard to stock markets?
- A bull is an optimistic operator who first buys and then sells shares in expectation of the price going up; a bear is a pessimistic market operator who sells the shares in expectation of buying them back at a lower price
- There is nothing significantly different as both operate in the capital market
- Bull is one who first sells a share and then buys it at a lower price; bear means one who first buys and then sells it in expectation of prices going up
- A bull is ready to buy any share; a bear only deals in government securities
Q7 | The first Bank established in India was
- Punjab National Bank
- Traders Bank
- State Bank of India
- Bank of Hindustan
Q8 | In India, the first bank of limited liability managed by Indians and founded in 1881 was:
- Hindustan Commercial Bank
- Oudh Commercial Bank
- Punjab National Bank
- Punjab and Sind Bank
Q9 | Which amidst the following rural banks has been named after a river? [NDA 2002]
- Prathama Bank
- Varada Grameen Bank
- Thar Anchalik Grameen Bank
- Aravali Kshetriya Grameen Bank
Q10 | A Scheduled Bank is one which is included in the: [CPO SI 2002]
- II Schedule of Banking Regulation Act
- II Schedule of Constitution
- II Schedule of Reserve Bank of India Act
- None of the above
Q11 | What is the animal on the insignia of the RBI ? [CPO SI 2002]
- Lion
- Tiger
- Panther
- Elephant
Q12 | For regulation of the Insurance Trade in the country the Government has formed: [UPPCS 2002]
- SEBI
- Reserve Bank of India
- Insurance Regulatory and Development Authority
- General Insurance Corporation
Q13 | The best way, a bank can avoid loss is to :
- lend only to individuals known to the bank
- accept sound collateral
- give only short-term loans
- lend only to bank's old customers
Q14 | The system of value added taxation is applicable to:
- excise duties
- income tax
- estate duty
- taxes on agricultural income
Q15 | In order to be scheduled to the Reserve Bank of India, a bank should have capital andreserve of not less than:
- 1 lakh
- 5 lakhs
- 10 lakhs
- 50 Iakhs
Q16 | The number of Banks nationalised since 1969 is : [PCS 1994]
- 8
- 12
- 14
- 20
Q17 | The largest Public Sector Bank in India is: [CDS 1991]
- Central Bank
- State Bank of India
- Punjab National Bank
- Indian Overseas Bank
Q18 | Which of the following is the Banker of the Banks? [Railways 1995]
- IDBI
- SBI
- RBI
- SBI and RBI
Q19 | Which of the following is not true about the Reserve Bank of India?
- It regulates the currency and credit system of India
- It maintains the exchange value of the rupee
- Foreign exchange reserves are kept by RBI
- One rupee notes and coins are issued by RBI
Q20 | When was the Reserve Bank of India taken over by the Government? [PCS 1994]
- 1945
- 1948
- 19S2
- 1956
Q21 | Who is responsible for the collection and publication of monetary and financial information?
- Finance Commission
- Finance Ministry
- Reserve Bank of India
- Auditor and Comptroller General of India
Q22 | The Reserve Bank of India issues:
- all the currency notes
- all the currency notes except the one rupee note
- all the currency notes except the hundred rupee note
- only notes of Rs. 10 and above
Q23 | Nationalisation of banks was done with the purpose of:
- financing the industries
- improving credit facilities
- consolidating the economy
- improving security of deposits
Q24 | Which two of the following nationalized banks have been merged as per the recommendation of the Narsimhan Committee? [NDA 1995]
- New Bank of India and Bank of India
- Central Bank of India and Corporation Bank
- Parur Bank of India and Bank of India
- Punjab National Bank and New Bank of India
Q25 | The acronym SRO, being used in the capital market for various market participants, stands for which one of the following? [CDS 2008]
- Self-Regulatory Organisations
- Small Revenue Operators
- Securities Roll-back Operators
- Securities Regulatory Organisations