Q. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

Correct Answer

will neither increase nor decrease

More Questions on Indian Economy

  • Q. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of coal
    C)Self-dependence in the production of petroleum crude oil
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • Q. Gilt-edged market means
    A)market of government securities
    B)market of guns
    C)bullion market
    D)market of pure metals
    Answer: market of government securities
  • Q. Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:
    A)Raghuram G. Rajan
    B)Bimal Jalan
    C)K.V. Kamath
    D)None of these
    Answer: Raghuram G. Rajan
  • Q. When personal direct taxes are subtracted from personal income the obtained value is called:
    A)National Income
    B)Gross National Product (GNP)
    C)Gross Domestic Product (GDP)
    D)Personal Income
    Answer: Gross National Product (GNP)
  • Q. The Ministry and programme Implementation – as an independent Ministry came into existence on :
    A)January 15, 1998
    B)October 15, 1999
    C)September 15, 1999
    D)June 15, 1999
    Answer: October 15, 1999
  • Q. Navaratna Status is concerned with:
    A)Private Sector Companies
    B)Both A and B
    C)Public Sector Companies
    D)None of the above
    Answer: Public Sector Companies
  • Q. Green Banking channel has been launched by:
    A)State Bank of India
    B)Punjab National Bank
    C)Reserve Bank of India
    D)Bank of Baroda
    Answer: State Bank of India
  • Q. Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:
    A)Kharif crop
    B)Rabi crop
    C)Both A and B
    D)None of the above
    Answer: Kharif crop
  • Q. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
    A)II, III
    B)I, II, III
    C)I, III
    D)I, II
    Answer: I, II
  • Q. Earn While you Learn scheme has been launched by:
    A)Ministry of Youth
    B)Both A and B
    C)Ministry of Tourism
    D)None of these
    Answer: Ministry of Tourism
  • Q. Who is the author of the book Man and Economics?
    A)Robert Mundel
    B)Myron Scholes
    C)Rudi Dornbusch
    D)George Akerlof
    Answer: Robert Mundel
  • Q. The co-operative credit societies have a
    A)three-tier structure
    B)two-tier structure
    C)four-tier structure
    D)five-tier structure
    Answer: three-tier structure
  • Q. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
    A)500 rupee
    B)100 rupee
    C)1000 rupee
    D)All of the above
    Answer: All of the above
  • Q. In coal production, India ranks in the world:
    A)First
    B)Third
    C)Second
    D)Fourth
    Answer: Second
  • Q. Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to
    A)SBI
    B)ARDC
    C)NABARD
    D)PACs
    Answer: NABARD
  • 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 Mid Day Meal scheme was launched on
    A)August 15, 1992
    B)August 15, 1995
    C)August 15, 2000
    D)August 15, 2001
    Answer: August 15, 1995
  • Q. Open market operation is a part of:
    A)Debit Policy
    B)Credit Policy
    C)Deposit Policy
    D)None of these
    Answer: Credit Policy
  • Q. Debenture holders of a company are its
    A)creditors
    B)debtors
    C)shareholders
    D)directors
    Answer: creditors
  • Q. In the world in terms of Railway Network system India ranks:
    A)first
    B)fourth
    C)second
    D)third
    Answer: fourth

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