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February 1, 2017

GS Test-9-Indian Economy-Reserve Bank of India-Indian Currency System

Welcome to your Indian Economy Daily Test-9-Reserve Bank of India-Indian Currency System

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1) Which of the following measures would result in an increase in the money supply in the economy?
1.Purchase of government securities from the public by the Central Bank.
2.Deposit of currency in commercial banks by the public.
3.Borrowing by the government from the Central Bank.
4.Sale of government securities to the public by the Central Bank.
Select the correct answer using the codes given below
2) National income refers to
3) Under which of the following circumstances may ‘capital gains’ arise?
1.When there is an increase in the sales of a product.
2.When there is a. natural increase in the value of the property owned.
3.When you purchase a painting and there is a growth in its value due to increase in its popularity.
Select the correct answer using the codes given below
4) If all the banks in an ecomony are nationalised and converted into monopoly banks, the total deposits
5) An increase in the bank rate generally indicates that the
6) What are the scheme to reduce interest burden of the State Government in India through gradual conversion of high cost debt into a low cost debt is known as?
7) The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following?
1.Other banks retain their deposits with the RBI.
2.The RBI lends funds to the commercial banks in times of need.
3.The RBI advises the commercial banks on monetary matters.
Select the correct answer using the codes given below
8) Which one of the following is traded only in a small area and the currency is not backed by a national government and necessarily legal tender?
9) Final decision of printing currency in India rests with the
10) Brent index is associated with
11) Consider the following statements
1.The repo rate is the rate at which other banks borrow from the RBI.
2.A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.
Which of the statements given above is/are correct?
12) Consider the following statements with regard to SLR
1.To meet SLR, commercial banks can use cash only.
2.SLR is maintained by the banks with themselves.
3.SLR restricts the banks leverage in pumping more money into the economy.
Which of the statements given above is/are correct?
13) Match list I with list II and select the correct answer using the codes given below
Listl List II
(Committees) (Chaired by)
A.Balance of Payments and Foreign Investment 1.Rakesh Mohan
B.Public Sector Enterprise Autonomy 2.Arjun Sen Gupta
C.Small Scale Industries 3.Rangaranjan
D.Infrastructure Development 4.Abid Hussain
Codes
14) Supply of money regaining the same when there is an increase in demand for money, there will be
15) Consider the following statements
1.Life expectancy at birth
2.Gross enrolment ratio for school
3.Adult literacy rate
4.Per capita income Which of the statements given above is/are parameters for the measurement of Human Development Index by UNPD?
16) If the cash Reserve Ratio is lowered by the RBI, its impact on redit creation will be to
17) Which one of the following currencies is used by RBI to construct the Nominal Effective Exchange Rate {NEER} and Real Effective Exchange Rate {REER} of Indian Currency?
18) The Reserve Bank of India regulates the commercial banks in matters of
1.liquidity of assets
2.branch expansion
3.merger of banks
4.winding-up of banks
Select the correct answer using the codes given below
19) Consider the following statements
1.Reserve Bank of India (RBI) was established in 1935.
2.The share capital RBI was divided into shares of 100 each which was entirely owned by private shareholders in the beginning.
Which of the statements given above is/are correct?
20) Which of these are nickname ‘Bretton Woods Twins’?
1.IDA
2.IMF
3.IBRD
4.WTO
Which of the institutions given above is/are correct?
21) Select the incorrect one in the conditions of depreciating rupee from the give list of the situations
22) Select the All India Financial Institutions (AFFI’s) currently regulated by the RBI from the given list, using the
codes:
1.Exim Bank
2.NHB
3.NABARD

23) The national income of a country for a given period is equal to the
24) Consider the following statements
1.Domestic debt constitutes more than three-fourth of the total central government sovereign debt of India.
2.The average maturity of the Indian Government dated securities is nearly ten years.
Which of the statements given above is/are correct?
25) In the parlance, of financial investments, the term ‘bear’ denotes
26) Gilt-edged means
27) Consider the following statements about Sinking Fund
1.It is a method of repayment of public debt.
2.It is created by the government out of budgetary revenues every year.
Whcih of the statements given above is/are correct?
28) Consider the following statements The price of any currency in international market is decided by the
1.World Bank.
2.demand for goods/services provided by the country concerned.
3.stability of the government of the concerned country.
4.economic potential of the country in question.
Which of the statements given above are correct?
29) Which of the following would include Foreign Direct Investment in India?
1.Subsidiaries of companies in India.
2.Majority foreign equity holding in Indian companies.
3.Companies exclusively financed by foreign companies.
4.Portfolio investment.
Select the correct answer using the codes given below
30) What does S and P 500 relate to?

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