Indian Economy

Q. A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:

A
Statutory Liquidity Ratio (SLR)
B
Bank rate
C
Cash Reserve Ratio (CRR)
D
Mandatory deposit

Correct Answer

Cash Reserve Ratio (CRR)

More Questions on Indian Economy

  • Q. States earn maximum revenue through
    A)custom revenue
    B)commercial taxes
    C)land revenue
    D)excise duties on intoxicants
    Answer: commercial taxes
  • Q. Fiscal deficit in the Union Budget means
    A)net increase in Union Governments borrowings from the Reserve Bank of India
    B)the sum of budgetary deficit and net increase in internal and external borrowings
    C)the difference between current expenditure and current revenue
    D)the sum of monetized deficit and budgetary deficit
    Answer: the sum of budgetary deficit and net increase in internal and external borrowings
  • Q. One rupee currency note in India bears the signature of-
    A)Finance minister of India
    B)The president of India
    C)Governor (RBI)
    D)Finance secretary of Government of India
    Answer: Finance secretary of Government of India
  • Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
    A)II
    B)I
    C)I, II
    D)II, III
    Answer: II
  • Q. Unit Trust of India (UTI) was established in:
    A)1904
    B)1968
    C)1964
    D)1970
    Answer: 1964
  • Q. When personal direct taxes are subtracted from personal income the obtained value is called:
    A)National Income
    B)Gross Domestic Product (GDP)
    C)Gross National Product (GNP)
    D)Personal Income
    Answer: Gross National Product (GNP)
  • Q. The current price index (base 1960) is nearly 330. This means that
    A)the prices of certain selected items have gone up to 3-3 times
    B)all items cost 3-3 times more than what they did in 1960
    C)weighted means of prices of certain item has increased 3-3 times
    D)gold price has gone up 3-3 times
    Answer: weighted means of prices of certain item has increased 3-3 times
  • Q. In the world in terms of Railway Network system India ranks:
    A)first
    B)fourth
    C)second
    D)third
    Answer: fourth
  • Q. The first wholly Indian Bank was set up in
    A)1894
    B)1794
    C)1896
    D)1902
    Answer: 1894
  • Q. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
    A)SBI
    B)NABARD
    C)ARDC
    D)PACs
    Answer: NABARD
  • Q. On July 12, 1982, the ARDC was merged into
    A)NABARD
    B)RBI
    C)EXIM Bank
    D)None of the above
    Answer: NABARD
  • Q. The central co-operative banks are in direct touch with
    A)state co-operative banks
    B)farmers
    C)land development banks
    D)central government
    Answer: state co-operative banks
  • Q. The annual yield from which of the following Union Government taxes is the highest?
    A)Corporation tax and income tax
    B)Inheritance tax, wealth tax, interest tax and gift tax
    C)Custom duties
    D)Excise duties
    Answer: Excise duties
  • Q. Laadli Laxmi Yojana has been launched for supporting girls of all religions and caste up to their marriage by:
    A)Madhya Pradesh government
    B)Uttar Pradesh government
    C)Haryana
    D)none of the above
    Answer: Madhya Pradesh government
  • Q. Asia’s first Export processing Zone (EPZ) was established in:
    A)Cochin
    B)Surat
    C)Kandla
    D)Chennai
    Answer: Kandla
  • Q. Deficit financing means that the government borrows money from the
    A)local bodies
    B)big businessmen
    C)RBI
    D)IMF
    Answer: RBI
  • Q. The condition of indirect taxes in the country’s revenue is approximately
    A)75 percent
    B)80 percent
    C)70 percent
    D)86 percent
    Answer: 86 percent
  • Q. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
    A)Konkan Railway Corporation Limited
    B)Indian Railways Construction Company Limited
    C)Container Corporation of India Limited
    D)Diesel Locomotive Works, Varanasi
    Answer: Indian Railways Construction Company Limited
  • Q. For International money transfer which Indian public sector bank has signed MoU with MoneyGram company of America?
    A)Bank of Baroda
    B)Punjab National Bank
    C)State Bank of India
    D)Central Bank of India
    Answer: Punjab National Bank
  • Q. Revenue of the state governments are raised from the following sources, except
    A)expenditure tax
    B)agricultural income tax
    C)entertainment tax
    D)land revenue
    Answer: agricultural income tax

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