Economics MONEY BANKING AND FINANCIAL INSTITUTIONS Test 6 Welcome to your Economics MONEY BANKING AND FINANCIAL INSTITUTIONS Test 6 Name Email 1. In which of the following years was the Reserve Bank of India nationalized ? (a) 1935 (b) 1949 (c) 1927 (d) 1965 None 2.The fiscal policy helps the government of a country to control the flow of .. (a) equity market (b) angel investment (c) personal expenditure (d) tax revenues None 3.To which of the following countries did the Export-Import Bank of India extend a $250 million line of credit for improving power supply quality in the country? (a) Nepal (b) Mozambique (c) Bangladesh (d) Sri Lanka None 4.Which aspect of the financial system do the Basel Norms focus on? (a) Share market (b) Insurance (c) Banking (d) Commodity market None 5.In which year was the National Bank for Agriculture and Rural Development Bank (NABARD) established? (a) 1952 (b) 1962 (c) 1982 (d) 1972 None 6. In which year was the National Bank for Agriculture and Rural Development Bank (NABARD) established ? (a) 1952 (b) 1962 (c) 1982 (d) 1972 None 7.The Reserve Bank of India also acted as the central bank for _______ till April 1947. (a) Burma (b) Nepal (c) Bhutan (d) Sri Lanka None 8.Which of the following is NOT an instrument of the monetary policy of the Reserve Bank of India? (a) Liquidity Adjustment Facility (LAF) (b) Repo rate (c) Goods and Services Tax (GST) (d) Cash Reserve Ratio (CRR) None 9.Which of the following helps borrowers to overcome the problem of lack of collateral? (a) Civil Societies (b) Self Help Groups (c) Pressure Groups (d) Non-Governmental Organizations None 10.What is the full form of SIDBI ? (a) Service Industries Development Bank of India (b) Service Investment Development Bank of India (c) Small Investment Development Bank of India (d) Small Industries Development Bank of India None 11.With which of the following functions of a bank would you associate the term 'collateral' ? (a) Accepting deposits (b) Portfolio management (c) Collection of cheques (d) Granting loans and advances None 12.In which year was the State Bank of India created following the passage of the Imperial Bank of India into state ownership ? (a) 1947 (b) 1965 (c) 1955 (d) 1950 None 13.The Central Board of Directors of the RBI (Reserve Bank of India) is appointed/nominated for a period of _____ years. (a) five (b) six (c) three (d) four None 14.In which year was the Securities Appellate Tribunal (SAT) established in India? (a) 1990 (b) 1992 (c) 1994 (d) 1997 None 15. In the context of the banking sector in India, what does 'G' stand for in 'RTGS' ? (a) Gradual (b) Grand (c) Gross (d) Gain None 16.In which year was the Reserve Bank of India established ? (a) 1942 (b) 1932 (c) 1947 (d) 1935 None 17.Which of the following statements is NOT true? (a) Fiscal policy deals with the supply of money in the economy and the rate of interest. (b) Fiscal policy includes tax policy, expenditure policy, investment or disinvestment strategies and debt or surplus management. (c) Fiscal policy is linked with general economic policy strategy of the country. (d) The government deals with fiscal policy. None 18. Which of the following is a comprehensive and in-depth analysis of a country’s financial sector, done jointly by the World Bank and IMF in developing and emerging market countries ? (a) Evaluation and Monitoring of the Financial Sector (b) Developing Economies Financial Audit Scheme (c) Financial Sector Assessment Program (d) Finance and Socio Economic Audit Scheme None 19.A paper instructing the bank to pay a specific amount from a person's account to another person in whose name it has been issued is known as: (a) cash (b) cheque (c) passbook (d) currency None 20.What is the minimum amount which can be remitted through Real Time Gross settlement (RTGS)? (a) ₹2,00,000 (b) ₹3,00,000 (c) ₹5,00,000 (d) ₹1,00,000 None 21. The 'Clean Note Policy' was announced by the Reserve Bank of India in the year ______. (a) 1992 (b) 1999 (c) 1997 (d) 1995 None 22.Which of the following is NOT a public sector insurance company ? (a) United India Insurance Company Limited (b) The New India Assurance Company Limited (c) SBI Life Insurance (d) General Insurance Corporation of India None Time's up