ECONOMY MCQS SET 73

ECONOMY MCQS SET 73

721) To prevent recurrence of scams in Indian Capital Market, the government has assigned regulatory powers to
A) RBI
B) SBI
C) SEBI
D) ICICI
Answer:  SEBI
   
722) Which one of the following is the largest mutual fund organisation in India ?
A) SBI Mutual Fund
B) GIC Mutual Fund
C) Unit Trust of India
D) Ind Bank Mutual Fund
Answer:  Unit Trust of India
   
723) The scheme of Different Rate of Interest aims at ,providing bank credit to
A) weaker sections of the society
B) public Sector Industries
C) public Limited Companies
D) big Exporters
Answer:  weaker sections of the society
   
724) Convertibility of the rupee implies
A) being able to convert rupee notes into gold
B) freely permitting the conversion of rupee to other major currencies and Vice versa
C) allowing the value of the rupee to be fixed by market forces
D) developing an international market for currencies in India
Answer:  freely permitting the conversion of rupee to other major currencies and Vice versa

   
725) What will be the role of Ombudsman in a bank?
A) To provide quality and speedy redressal of grievances of customers
B) To provide suggestions for innovative schemes in the banks
C) To monitor the quality circles in the bank
D) To inspect the internal working of the branches
Answer:  To provide quality and speedy redressal of grievances of customers

726) Bank Rate implies the rate of interest
A) paid by RBI on the deposits of Commercial Banks
B) charged by Banks on loans and advances
C) payable on Bonds
D) at which the RBI discounts the Bills of Exchange
Answer:  at which the RBI discounts the Bills of Exchange
   
727) Money for public utility is issued by the government through consolidated fund of India through
A) Finance Minister
B) Finance Secretary
C) RBI Governor
D) None of these
Answer:  RBI Governor
   
728) The concept of Five Year Plans in India was introduced by
A) Lord Mount batten
B) Jawaharlal Nehru
C) Indira Gandhi
D) Lal Bahadur Shastri
Answer:  Jawaharlal Nehru
   
729) Economic Planning is a subject
A) in the Union List
B) in the State List
C) in the Concurrent List
D) unspecified in any special list
Answer:  in the Union List
   
730) For internal financing of Five Year Plans, the government depends on
A) taxation only
B) taxation and public borrowing
C) public borrowing and deficit financing
D) taxation, public borrowing & deficit financing
Answer:  taxation, public borrowing & deficit financing