1. Which of the following was the first paper currency issued by RBI?
[A] Rs 1-Note
[B] Rs 2-Note
[C] Rs 5 Note
[D] Rs 100 Note
Show Answer
Correct Answer: C [Rs 5 Note]
Notes:
The Rs 5-note was the first paper currency issued by RBI in January 1938. The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
2. Agricultural Income Tax revenue goes to which of the following governments in India?
[A] State Governments
[B] Central Government
[C] Collected by State Governments , delivered to Central Government
[D] Collected by Central Government, delivered to State Governments
Show Answer
Correct Answer: A [State Governments]
Notes:
The taxing powers of the central government encompass taxes on income (except agricultural income), excise on goods produced (other than alcohol), customs duties, and inter-state sale of goods.
The state governments are vested with the power to tax agricultural income, land and buildings, sale of goods (other than inter-state), and excise on alcohol. Local authorities such as Panchayat and Municipality also have power to levy some minor taxes.
4. Which among the following method includes planning process and plan implementation to the grass root levels ?
[A] Totalitarian Planning
[B] Democratic Planning
[C] Indicative Planning
[D] Decentralized Planning
Show Answer
Correct Answer: D [Decentralized Planning]
6. Which among the following is India’s first Regional Rural Bank ?
[A] Sindhanur Urban Souharda Co-operative Bank
[B] Karnataka Vikas Grameena Bank
[C] Prathama Bank
[D] Jaipur Nagaur Grameen Bank
Show Answer
Correct Answer: C [Prathama Bank]
Notes:
Prathama bank, the first Regional Rural Bank of the country was established on 2nd Otcober,1975 with Head Office at Moradabad under Regional Rural Bank Act 1975 which was sponsored by Syndicate Bank.
7. Gender Empowerment Measure (GEM) is one of the five indicators used by the United Nations Development Programme in its annual Human Development Report. It includes which of the following ?
[A] political participation and decision making
[B] economic participation and decision making
[C] power over economic resources
[D] All the above
Show Answer
Correct Answer: D [All the above]
8. Which among the following is correct regarding CashTree ?
[A] CashTree is an interbank network in India that has been in operation since March 2004.
[B] CashTree is an interbank network in India managed by Euronet Services India Pvt. Ltd
[C] Cash Tree is a computerized telecommunication system operated by State Bank of India
[D] )CashTree is a worldwide financial messaging network which exchanges messages between banks and other financial institutions.
Show Answer
Correct Answer: A [CashTree is an interbank network in India that has been in operation since March 2004.]
9. Which among the following is not correctly matched?
[A] Planned Economy for India – A Book by M Visheshvrayya
[B] Gandhian Plan -Shrimana Narayan 1944
[C] Sarvodaya Plan -Jaiprakash Narayan 1950
[D] All are correct
Show Answer
Correct Answer: D [All are correct]
10. Arrange the following in correct chronological order of their years of establishment? (RBI, SBI, IFCI, ICICI, NABARD, UTI)
[A] RBI, SBI, IFCI, ICICI, NABARD, UTI
[B] RBI, IFCI, ICICI,SBI, NABARD, UTI
[C] RBI, IFCI, NABARD,ICICI,SBI, UTI
[D] RBI, IFCI,ICICI,SBI, UTI, NABARD
Show Answer
Correct Answer: D [RBI, IFCI,ICICI,SBI, UTI, NABARD]
Notes:
RBI (1935),
IFCI 1948,
ICICI January 1955,
SBI July 1955,
UTI 1964,
NABARD 1982
