Quiz 456 – Indian Economy for Civil Services Examinations

1.Which among the following commodity come under the preview of Open Market Sale Scheme of the Government of India to maintain a minimum buffer stock for meeting the unforeseen exigencies like drought, flood and other natural calamities and also for providing food grains required for Public Distribution System and the other food grain based welfare programmes of the Government?
(A)Wheat only
(B)Wheat & Rice
(C)Wheat , Rice and Pulses
(D)Wheat , Rice and Oilseeds

2.Which among the following is NOT an instrument of qualitative control in India ?
(A)Regulation of the Consumer Credit
(B)Rationing of the Credit
(C)Margin Requirements
(D)Variable Costs and Reserves

3.Where is located the Central Seed Testing and Referral Laboratory (CSTL) which was notified recently in 2007?

4.Consider the following statements:
1. In Minimum Reserve System, RBI had to keep a minimum reserve of Gold worth Rs. 115 Crores and rest in Indian Rupees.
2. The Minimum Requirement of Foreign Securities was diluted when Minimum Reserve System was launched.
Which among the above statement is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both of them are correct
(D)Both of them are incorrect

5.Consider the following steps:
1. Banking Department gets currency from the Issue Department
2. Government puts the currency in circulation
3. Central Government Incurs a deficit in its Budget
4. Government Sells Treasury Bills to Banking Department of RBI
Which among the following is the correct order of the above steps?
(A)1 2 3 4
(B)2 3 4 1
(C)3 4 1 2
(D)4 3 2 1

6.What is the risk weight on all investments including the securities outside the SLR ?

7.Asian Financial Crisis of 1997 started from which of the following countries?

8.Aranmula Kannadi is a GI protected tag of Kerala. It is a ________?
(C)Plantation Product
(D)Soft Drink

9.Which among the following scheme is related exclusively to Financial Inclusion?
(D)None of them

10.Which among the following industry has been traditionally called a “Child of Protection”?
(A)Textile Industry
(B)Cement Industry
(C)Sugar Industry
(D)Petroleum Industry

11.Who among the following are the beneficiaries of the MAFALDA?
(A)Landless Laborers
(B)Jobless Youth
(C)Small Industries
(D)Small and Marginal Farmers

12.During which five year plan The Khadi and Village Industries Commission was established ?
(A)First Five year Plan
(B)Second Five Year Plan
(C)Third Five year Plan
(D)Fourth Five Year Plan

13.Which among the following facility has been started in India for refinance assistance for small irrigation, IRDP, Dairy Development and Mechanism of farms?
(A)National Credit Fund
(B)National Rural Credit Fund
(C)National Credit Stabilization Fund
(D)Rural Infrastructural Development Fund

14.If an investor is getting Rs. 1000 at the end of 5 years, what is the present value of that Cash Flow? (Assume the interest rate @9.00% per annum)
(A)Rs. 649.93
(B)Rs. 648.29
(C)Rs. 646.82
(D)Rs. 645.86

15.Which among the following is NOT a pillar of Basel II CRAR?
(A)Minimum Capital Requirement
(B)Supervisory Review of Capital Adequacy
(C)Risk Management
(D)Market Discipline

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  • balu bhoopathi

    one post on 19th and the next on 22nd.
    we are missing a lot

  • Anonymous

    sir, please explain option '1' in question number 4

  • amal1959

    Q#13 in Quiz# 456 is incorrect. IRDP, Dairy etc are not refinaced under RIDF. Only irrigation projects are financed under the RIDF. RIDF is not a scheme of Refinance. It is direct Financing scheme by NABARD for State Governments.