Quiz 317 : Bank PO Special

1. Consider the following:

  1. Notes
  2. Coins
  3. Credit

Which among the above come under the category “Common Money”?

[A] 1 only
[B] 1 & 2
[C] 1 & 3
[D] 2 & 3

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2. Consider the following:

  1. Reserve bank of India Notes
  2. Treasury Bills of Government of India
  3. Bills of exchange of 90 days maturity
  4. Demand deposits

Which among the above are near money?

[A] 1 & 2
[B] 2 & 3
[C] 3 & 4
[D] 1 , 2 & 3

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3. Reserve Bank of India is bound to maintain a reserve against the note issue whatever may be the amount. This system is called as follows:
[A] Minimum Reserve System
[B] Proportional Reserve System
[C] Maximum Fiduciary Issue system
[D] Simple deposit system

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4. A Bank included in the second schedule of RBI is called as _________?
[A] Scheduled Bank
[B] Commercial Bank
[C] National Bank
[D] Regional Rural Bank

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5. From the given options below bring out the one, which is not an instrument of monetary policy ?
[A] Bank rate Policy
[B] Reserve Ratio Requirements
[C] Open market Operations
[D] Open market Operations

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6. Which among the following sector contributes maximum to GDP in India?
[A] Primary sector
[B] Secondary Sector
[C] Tertiary sector
[D] Quaternary sector

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7. What is the minimum and maximum number of Banks which can participate in a consortium loans?
[A] Minimum 2 maximum 10
[B] Minimum 3 maximum 12
[C] Minimum 2 maximum no limit
[D] Minimum 4 maximum 20

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8. Which of the following actions of Central Bank can increase deposit component of the money supply?
[A] Increasing reserve requirements / decreasing the volume of reserves
[B] Lowering reserve requirements / increasing volume of reserves
[C] Lowering reserve requirements / decreasing the volume of reserves
[D] Increasing reserve requirements / increasing volume of reserves

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9. In which of the following actions will be taken by Reserve bank of India, to curb the excess liquidity, when the deficit financing increases?
[A] Increases CRR
[B] Decreases Bank rate
[C] Resorts to open market operations
[D] Raises the Tax rates

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10. In which year Tax Reforms committee was constituted by Government of India?
[A] 1975
[B] 1980
[C] 1991
[D] 1995

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