ECONOMY MCQS SET 72

ECONOMY MCQS SET 72

711) National Housing Bank is a subsidiary of
A) Reserve Bank of India
B) NABARD
C) Unit Trust of India
D) Life Insurance Corporation of India
Answer:  Reserve Bank of India
   
712) Which of the following can be used for checking inflation temporarily?
A) Increase in wages
B) Decrease in money supply
C) Decrease in taxes
D) None of these
Answer:  Decrease in money supply
   
713) When was the Reserve Bank of India taken over by the Government ?
A) 1945
B) 1948
C) 1952
D) 1956
Answer:  1948
   
714) Commercial Banking System in India is
A) mixed Banking
B) unit Banking
C) branch Banking
D) none of these
Answer:  mixed Banking
   
715) Reserve Bank of India issues
A) all the currency notes
B) all the currency notes except one rupee note
C) all the currency notes except hundred rupee note
D) only notes of Rs.10 and above
Answer:  all the currency notes except one rupee note

716) When was the decimal system of currency introduced in India?
A) 1948
B) 1950
C) 1954
D) 1957
Answer:  1957
   
717) Inflation can be contained by
A) surplus budget
B) increase in taxation
C) reduction in public expenditure
D) all of these
Answer:  all of these
  
718) Monetary Policy refers to the policy of
A) Moneylenders
B) Government
C) Commercial Banks
D) Central Bank
Answer:  Central Bank
   
719) What is NABARD's primary role ?
A) To provide term loans to State Cooperative Banks
B) To assist State Governments for share capital contribution
C) To act as refinance institution
D) All of these
Answer:  To provide term loans to State Cooperative Banks
   
720) Bank rate is the rate of interest, at which
A) public borrows money from Commercial Bank
B) public borrows money from RBI
C) Commercial Banks borrow money from RBI
D) Commercial Banks borrow money from public
Answer:  Commercial Banks borrow money from RBI