Quiz 224: India’s Finance & Money Market Awareness

1. Which among the following was set up by RBI in 1988 jointly with public sector banks and all India Financial Institutions to develop the money market & provide liquidity to money market instruments as sequel to Vaghul Working Group recommendations?
[A] Discount And Finance House of India Ltd (DFHI)
[B] Central Depository Services (India) Limited (CDSL)
[C] Financial Intelligence Unit India (FIU-IND)
[D] None of the above

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2. Which among the following correctly defines Hundi?
[A] They are slips on paper presented to the customer while purchasing goods
[B] They are accounts of unorganized sector in India
[C] They are key instruments of credit in the unorganized money market in India
[D] None of the above

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3. Which among the following helps RBI to manage liquidity conditions in the economy with banks having an avenue to surplus funds or avail funds?
[A] Repos
[B] Reverse repos
[C] Money market Mutual Funds
[D] SLR

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4. Which among the following sentence is true?
[A] RBI introduced Repos & Reverse Repos in 1992
[B] RBI Introduced Repos in 1992 & Reverse Repos in 1996
[C] RBI introduced Repos & Reverse Repos in 1996
[D] None of the above

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5. As we know that RBI has two departments Issue Department and Banking Department. Which among them is responsible for maintaining a Minimum reserve system against printing of currency notes?
[A] Issue Department
[B] Banking Department
[C] Both 1 & 2
[D] None of the above

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6. What is the main function of banking department of Reserve Bank of India?
[A] To do banking business with customers
[B] To provide liquidity to the economy and absorb liquidity
[C] To issue the currency in circulation and its withdrawal from circulation
[D] None of the above

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7. Which among the following is correct regarding BPLR or bench mark prime lending rate?
[A] It is lowest interest rate below PLR charged by a bank from the best customer of the financial year
[B] It is highest interest rate above PLR charged by a bank from the any customer of the financial year
[C] Both 1 & 2
[D] None of the above

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8. Which among the following is correct regarding ” progressive Tax” ?
[A] surcharge levied on taxes for development works
[B] rate of tax increased for increased value or volume
[C] getting burden of tax passed on to general customers
[D] None of the above

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9. Which among the following coined the term ” Second generation Reforms” ?
[A] World Bank
[B] International Monetary Fund
[C] Reserve bank of India
[D] SBI

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10. Many a times we read in the newspapers about ” Cartel”. Which among the following is most appropriate definition of Cartel?
[A] Association of producers to regulate prices by restricting output and competition
[B] Association of companies to have competitive advantage
[C] Association of small number of buyers to have advantage over sellers
[D] None of the above

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Comments

  • Anonymous
    Reply

    This is very useful for us,please add Daily world headlines

  • Sneh
    Reply

    Thank you so much…

  • Nitin Banka
    Reply

    Thanks

  • Abhinit Srivastava
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    It’s good for help us.