Economics MONEY BANKING AND FINANCIAL INSTITUTIONS Test 9 Welcome to your Economics MONEY BANKING AND FINANCIAL INSTITUTIONS Test 9 Name Email 1.Who is the Chairman of the Monetary Policy Committee ? (a) Finance Minister of India (b) President of India (c) Governor of the Reserve Bank of India (d) Prime Minister of India None 2.Which of the following options is NOT correct about the Payment Banks ? (a) Giving loSol to the primary sector is not mandatory (b) CRR /SLR requirements should be fulfilled (c) Credit Cards can be issued (d) No NRI deposits None 3.On which rate does the Reserve Bank of India provide loSol to the commercial banks ? (a) Repo Rate (b) Reverse Repo Rate (c) Penalty Rate (d) Bank Rate None 4.The percentage of deposits that a bank must keep as cash reserves with itself is known as ______. (a) Liquidity Reserve Ratio (b) Statutory Liquidity Ratio (c) Capital Output Ratio (d) Cash Reserve Ratio None 5.Which of the following is a nationalized bank in India ? (a) Axis Bank (b) State Bank of India (c) ICICI Bank (d) Yes Bank None 6. In the older monetary system of India, ‘One Anna’ used to be what part of ‘One Rupee’? (a) 16th Part of a Rupee (b) 20th part of a Rupee (c) 10th Part of a Rupee (d) Sixth part of a Rupee None 7.How many members are there in the Indian Monetary Policy Committee? (a) 6 (b) 5 (c) 21 (d) 3 None 8. If RBI increases Repo Rate, then what may be its impact on the Indian Economy? (a) Inflation will reduce (b) Inflation will increase (c) Reverse Repo Rate will decrease (d) Credit will be cheaper None 9.Which of the following Monetary policy tools is used by RBI to control inflation? (a)Fiscal Drag (b)Parsimoniousness Measures (c)Repo Rate (d)Fiscal Boost None 10.Which department is the nodal department for overseeing the public financial management system in the Central govt of India? (a)Department of Expenditure (b)Department of Revenue (c)Department of Financial Services (d)Department of Economic Affairs None 11.Who acts as Banker to the Indian Government ? (a) International Monetary Fund (b) Reserve Bank of India (c) World Bank (d) State Bank of India None 12.Which Index is used by RBI to decide repo rate and measure Inflation? (a) CPI-Rural (b) CPI-Combined (c) IIP (d) WPI None 13.Which central agency issues currency notes on behalf of the Central Government ? (a) IRDA (b) SEBI (c) Reserve Bank of India (d) State Bank of india None 14.Who decides repo rate, reverse repo rate and bank rate ? (a) SEBI (b) NABARD (c) Reserve Bank of India (d) SBI None 15.Who is the founder of Indian Overseas Bank ? (a) M. Chidambaram Chettyar (b) V.G. Kale (c) Devkaran Nanjee (d) Rana Kapoor None 16.Which of them is not a nationalist bank? (a) Allahabad Bank (b) Bandhan Bank (c) Punjab National Bank (d) Dena Bank None 17.India’s foreign reserves does NOT consist of which of the following ? (a) Gold (b) Carbon Bonds (c) Reserve Tranche Position (RTP) (d) Special Drawing Rights (SDR) None 18.Which of the following is working capital? (a) Building (b) Money (c) Machine (d) Tool None 19.’Rani ki vav’ motif is present on which of the following currency notes ? (a) 50 Rupee Note (b) 200 Rupee Note (c) 10 Rupee Note (d) 100 Rupee Note None 20. In India, Monetary policy is formed by _____ . (a) Central Government (b) SBI (c) Various Banks (d) Reserve Bank of India None 21. How many digits are there on a debit card? (a)15 (b)16 (c)14 (d)17 None Time's up
