Discussion
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- Question
Reserve Bank of India was nationalized in the year
Options- A. 1935
- B. 1945
- C. 1949
- D. 1969
- Correct Answer
- 1949
ExplanationRBI established in 1935 and nationalized in 1949.Ref: http://en.wikipedia.org/wiki/Reserve_Bank_of_India
Indian Economy problems
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- 1. In India, which one among the following formulates the fiscal policy?
Options- A. Planning Commission
- B. Ministry of Finance
- C. Finance Commission
- D. The Reserve Bank of India Discuss
Correct Answer: Ministry of Finance
- 2. Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to
Options- A. 80 percent
- B. 83 percent
- C. 90 percent
- D. 100 percent Discuss
Correct Answer: 100 percent
- 3. The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
Options- A. Statutory Bank Ratio (SBR)
- B. Statutory Liquid Ratio (SLR)
- C. Central Bank Reserve (CBR)
- D. Central Liquid Reserve (CLR) Discuss
Correct Answer: Statutory Liquid Ratio (SLR)
- 4. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
Options- A. Chemicals other than fertilizers
- B. Services sector
- C. Food processing
- D. Telecommunication Discuss
Correct Answer: Telecommunication
- 5. In the second nationalization of commercial banks, ___ banks were nationalized.
Options- A. 4
- B. 5
- C. 6
- D. 8 Discuss
Correct Answer: 6
- 6. Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
Options- A. ARDC
- B. SBI
- C. NABARD
- D. PACs Discuss
Correct Answer: NABARD
- 7. Deficit financing implies
Options- A. printing new currency notes
- B. replacing new currency with worn out currency
- C. public expenditure in excess of public revenue
- D. public revenue in excess of public expenditure Discuss
Correct Answer: public expenditure in excess of public revenue
- 8. Which of the following is the most appropriate cause of exports surplus?
Options- A. Country's exports promotion value
- B. Country's stringent import policy
- C. Developments in national and international markets
- D. None of the above Discuss
Correct Answer: Developments in national and international markets
- 9. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
Options- A. zero
- B. equal to government income
- C. larger than government income
- D. negative Discuss
Correct Answer: equal to government income
- 10. Subsidies mean
Options- A. payment by government for purchase of goods and services
- B. payment made by business enterprises to factors of production
- C. payment made by companies to shareholders
- D. payment made by the government to business enterprises, without buying any goods and services Discuss
Correct Answer: payment made by the government to business enterprises, without buying any goods and services
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