Indian Economy MCQs

181. Which among the following is not a correct statement?
[A] PACS provide loans to its members at village level
[B] In India, Maximum Cooperative societies are in agriculture sector
[C] Banks are allowed to give loan against their own shares
[D] Taccavi Loans are given at the time of the difficulties and crises

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182. Which among the following is correct about an Equity Fund?
[A] It gives fixed returns
[B] It invests primarily in shares
[C] It invest in both debt and shares
[D] It assures growth in value

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183. A Bank opened in Special Economic Zones in India comes under which among the following ?
[A] International Banking
[B] Domestic Banking
[C] Offshore Banking
[D] National banking

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184. At which of the following levels , Central Cooperative Banks are established in India?
[A] District Level
[B] State Level
[C] Inter-state level
[D] India Level

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185. What do we call an arrangement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?
[A] Bill of Exchange
[B] Letter of Exchange
[C] Letter of Credit
[D] Bill of Entry

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186. From time to time, which among the following body publishes the “Exchange Control Manual” in context with the Foreign Exchange in India?
[A] Foreign Trade Promotion Board
[B] Department of Commerce
[C] Reserve Bank of India
[D] SEBI

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187. Which among the following is the correct character of the Foreign Exchange Markets?
[A] Foreign Exchange markets are localized markets
[B] Foreign Exchange markets operate within a country’s time zone
[C] Foreign Exchange markets are dynamic and round the clock markets
[D] Foreign Exchange markets are used only for trade related transactions

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188. When there is an inflationary trend in the economy, what would be trend in the pricing of the Bank Products?
[A] Increasing Trend
[B] Decreasing Trend
[C] Constant Trend
[D] There is no relevance of the inflation in pricing of the Banking Products

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189. In which among the following types comes the Interest Rate Risk?
[A] Credit risk
[B] Market risk
[C] Operational risk
[D] All the above categories

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190. Which among the following correctly defines the Net Interest Income?
[A] Interest earned on advances
[B] Interest earned on investments
[C] Total interest earned on advances and investment
[D] Difference between interest earned and interest paid

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