Quiz 176: Indian Economy Questions for Banking Examinations

1. The provision of extra liquidity to an illiquid but a presumably solvent bank by the central bank. This function is performed by which of the following ?
[A] Lender of Last Resort
[B] Offer Angel
[C] Depository bank
[D] None of the bank

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2. Why Reserve Bank of India is called custodian of foreign balances of the country ?
[A] Because Govt delegates RBI to redistribute the Foreign Currencies in India
[B] Because RBI maintains both Gold and foreign currencies as reserves against note issues
[C] Because RBI is delegated by the government to absorb all the foreign currency in India
[D] None of the above

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3. Which among the following is defined by any reductions in private consumption or investment that occurs because of an increase in government spending?
[A] Crowding Out Effect
[B] Dishoarding
[C] Fiscal adjustment
[D] None of the above

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4. The term Rolling Settlements is predominantly used in which of the following markets ?
[A] Capitals Market
[B] Commodities Market
[C] Currency Markets
[D] None of the above

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5. The excess of total expenditures over total receipts is known as _____ ?
[A] Fiscal Deficit
[B] Budget Deficit
[C] Revenue Deficit
[D] None of the above

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6. Which among the following is a correct definition of Fiscal Deficit ?
[A] Excess of total expenditure over total receipts
[B] Excess of total expenditure over total receipts less borrowings
[C] Excess of total expenditure over total receipts less borrowings and payments
[D] None of the above

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7. For which of the following purpose, Rajamanar Committee was constituted ?
[A] Industrial Licensing
[B] Direct taxes
[C] Centre State Fiscal Relations
[D] InDirect taxes

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8. Which among the following committee was constituted for Monetary System?
[A] Dutt Committee
[B] Wanchoo Committee
[C] Chakravarty Committee
[D] Rangarajan commitee

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9. Which of the following committee was related to Foreign Direct Investment ?
[A] NK Singh Committee
[B] Chandra Shekhar Committee
[C] Taraporewalla Committee
[D] Rangarajan committee

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10. Which of the following committee was constituted with focus on disinvestment ?
[A] Raja Chelliah Committee
[B] G V Ramakrishna Committee
[C] Chandra shekhar Committee
[D] None of the above

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Comments

  • sonali
    Reply

    perfect questions to enhance the knowledge of nations economy.
    sonali shrivastava, the daily learner.

  • 10*s
    Reply

    thnax a ton for this issue……

  • arush
    Reply

    thnx alot..

  • Anonymous
    Reply

    GOOD WORK

  • Anonymous
    Reply

    really helpful.

  • Anonymous
    Reply

    I need information regarding important days like world heritage day etc. can u tell me in which quiz will i find all these information.

  • Anonymous
    Reply

    very efficient for students

  • Gautham
    Reply

    Fiscal Deficit is Budget Deficit PLUS market borrowings (and other liabilities). Fiscal Deficit was started in india in 1986 based on the Sukhmoy Chakravarthy Committee.