Quiz 146 : Indian Economy
First Published: July 1, 2009 | Last Updated:December 28, 2017
1.
In India, which of the following has the largest area under cultivation?
[A] Rice
[B] Wheat
[C] Cotton
[D] Pulses
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2.
Which among the following increases by Credit creation?
[A] Real national income
[B] supply of money
[C] real wealth of people
[D] Percapita income
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Correct Answer: B [supply of money]
3.
Which among the following is the best definition of ” Rupee Convertibility” ?
[A] Ability to convert Rupee into Gold and vice versa
[B] Ability of the market forces to convert the value of the Rupee
[C] permission of the conversion of Rupee to other currencies and vice versa
[D] None of the above
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Correct Answer: C [permission of the conversion of Rupee to other currencies and vice versa]
4.
Which among the following signs represents “narrow money”?
[A] M0
[B] M1
[C] M2
[D] M4
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5.
Which among the following describes narrow money or M1 ?
[A] demand deposits of banks + ‘Other’ deposits with RBI + sum of currency notes and coins held by the public
[B] demand deposits of banks + ‘Other’ deposits with RBI + Time deposits with the banks
[C] demand deposits of banks + ‘Other’ deposits with RBI
[D] Time deposits of banks + ‘Other’ deposits with RBI
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Correct Answer: A [demand deposits of banks + ‘Other’ deposits with RBI + sum of currency notes and coins held by the public]
6.
Malegam Committee was set up by the Securities and Exchange Board of India (SEBI), and this committee gave its recommendations in 1995. This committee was constituted to recommend reforms in __________?
[A] Primary Market
[B] Secondary Market
[C] Commodity Market
[D] None of the above
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Correct Answer: A [Primary Market]
7.
Which among the following committees is related to insurance reforms in India ?
[A] Marathe Committee
[B] Malhotra Committee
[C] Kelker Committee
[D] Dutt Committee
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Correct Answer: B [Malhotra Committee]
8.
Marathe Committee is related to
[A] Urban Cooperative Banks
[B] Rural Cooperative Banks
[C] Insurance Reforms
[D] Credit reforms
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Correct Answer: A [Urban Cooperative Banks]
9.
LIBOR stands for London Interbank Offer Rate. What does MIBOR stands for ___?
[A] Mumbai Interbank Offer Rate
[B] Manchester Interbank Offer Rate
[C] Mexico Interbank Offer Rate
[D] Malaysia Interbank Offer Rate
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Correct Answer: A [Mumbai Interbank Offer Rate]
10.
Khan working group that was appointed by the Reserve Bank of India (RBI) in December 1997 had which of the following functions:
[A] Reforms in the agricultural credit system
[B] Reforms in the industrial credit system
[C] Harmonize the role and operations of development finance institutions (DFIs) and banks.
[D] Examine the relevance of the concept of Maximum Permissible Bank Finance (MPBF)
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Correct Answer: C [Harmonize the role and operations of development finance institutions (DFIs) and banks.]
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