Q1.Since the inception of the co-operative movement, rural
credits has been
A. institutionalized B. rationalized
C. cheapened D. All of the above
Q2.If an economy is equilibrium at the point where plans to
save and to invest are equal, then government expenditure must be
A. zero
B. equal to government income
C. larger than government income
D. negative
ANS(B)
Q3.The co-operative credit societies have a
A. two-tier structure
B. three-tier structure
C. four-tier structure
D. five-tier structure
ANS(B)
Q4Regional rural banks
1.have limited area of operation
2have free access to liberal refinance facilities from
NABARD
3are required to lend only to weaker sections
A. I, III
B. II, III
C. I, II, III
D. I, II
ANS(D)
Q5The Board of Industrial and Financial Reconstruction
(BIFR) came into existence in
A. 1984 B. 1986
C. 1987 D. 1989
ANS(C)
Q6)The current price index (base 1960) is nearly 330. This
means that
A. all items cost 3-3 times more than what they did in 1960
B. the prices of certain selected items have gone up to 3-3
times
C. weighted means of prices of certain item has increased
3-3 times
D. gold price has gone up 3-3 times
ANS(C)
Q7)Notes on which denomination has the portrait of Mahatma
Gandhi printed on them?
A. 1000 rupee
B. 500 rupee
C. 100 rupee
D. All of the above
ANS(D)
Q8)Devaluation of currency will be more beneficial if
A. prices of domestic goods remain constant
B. prices of exports remain constant
C. prices of imports remains constant
D. prices of exports rise proportionately
ANS(B)
Q9)Of the gross tax revenue of the Union Government the
indirect taxes account for nearly
A. 70 per cent
B. 75 percent
C. 65 percent
D. 60 percent
ANS(C)
Q10)The banks are required to maintain a certain ratio
between their cash in the hand and totals assets. This is called
A. Statutory Bank Ratio (SBR)
B. Statutory Liquid Ratio (SLR)
C. Central Bank Reserve (CBR)
D. Central Liquid Reserve (CLR)
ANS(B)
Q11)Reserve Bank of India was nationalized in the year
A. 1935 B. 1945
C. 1949 D. 1969
ANS(C)
Q12)In India, rural incomes are generally lower than the
urban incomes, which of the following reasons account for this?
1.A large number of farmers are illiterate and know little
about scientific agriculture
2.Prices of primary products are lower than those of
manufactured products
3.Investment in agriculture has been low when compared to
investment in industry
A. I, II, III
B. I, II
C. I, III
D. II, III
ANS(A)
Q13)National Agricultural Insurance Scheme replacing
Comprehensive Crop Insurance Scheme was introduced in the year
A. 1997 B. 1998
C. 1999 D. 2000
ANS(C)
Q14)If the fiscal deficit of the Union Government is Rs.
75,000 crores relending to State is Rs. 25,000 crores, interest payments are
Rs. 25,000 crores, what is the amount of the primary deficit?
A. Rs. 50,000 crores
B. Rs. 25,000 crores
C. Rs. 1,00,000 crores
D. Rs. 1,25,000 crores
ANS(A)
Q15)Fiscal deficit in the Union Budget means
A. the difference between current expenditure and current
revenue
B. net increase in Union Governments borrowings from the
Reserve Bank of India
C. the sum of budgetary deficit and net increase in internal
and external borrowings
D. the sum of monetized deficit and budgetary deficit
ANS(C)
Q16)How many banks were nationalized in 1969?
A. 16 B. 14
C. 15 D. 20
ANS(B)
Q17)The accounting year of the Reserve Bank of India is
A. April-March B. July-June
C. October-September D. January-December
ANS(A)
Q18)In India, the first bank of limited liability manages by
Indians and founded in 1881 was
A. Hindustan Commercial Bank
B. Oudh Commercial Bank
C. Punjab National Bank
D. Punjab and Sind Bank
ANS(B)
Q19)In India, inflation measured by the
A. Wholesale Price Index number
B. Consumers Price Index for urban non-manual workers
C. Consumers Price Index for agricultural workers
D. National Income Deflation
ANS(A)
Q20)The annual yield from which of the following Union
Government taxes is the highest?
A. Custom duties
B. Corporation tax and income tax
C. Inheritance tax, wealth tax, interest tax and gift tax
D. Excise duties
ANS(D)
