Indian Economy MCQs

191. Bring out the only incorrect statement:
[A] Reverse Repo operation by RBI aims at injecting/increasing liquidity
[B] SDR refers to special drawing rights
[C] Rupee appreciation results in decrease in imports
[D] Increase in inflation rate leads to decline in real interest rate

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192. Which among the following is the only correct statement?
[A] Money market meets long term financing needs
[B] Recession in industrial sector in India is normally due to fall in exports
[C] Ways and means advances is given by RBI are nowhere related to State’s revenue
[D] Exchange rate is fixed by RBI

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193. Which among the following body promoted Securities Trading Corporation of India Limited (STCI) jointly with the Public Sector Banks?
[A] Securities Exchange Board of India
[B] Reserve Bank of India
[C] IDBI Ltd
[D] ICICI Ltd

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194. Which among the following is correct about the Vostro Account?
[A] It is an account maintained by a foreign bank with a Bank in India in Indian Rupees.
[B] It is an account maintained by an Indian bank with a Bank in Foreign country in Foreign Currency.
[C] It is an account maintained by an Indian bank with a Bank in Foreign country in Foreign Currency.
[D] It is an account maintained by a Foreign Bank Branch with a Indian Bank in Foreign Currency.

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195. If there is an increase in the external commercial borrowings in India. What will be the impact on the external debt of the country
[A] Increase
[B] Decrease
[C] Remain unaffected
[D] Either increase or decrease

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196. Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?
[A] Reserve Bank of India
[B] Department of Agriculture
[C] NABARD
[D] Department of Finance

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197. Bring out the only incorrect statement:
[A] Liquidity Adjustment Facility operates through daily repo and reverse repo auctions
[B] National Housing Bank can lend money to small scale industries towards their working capital
[C] Board for financial supervision is empowered to supervise primary dealers in India
[D] Norms for classifying assets of banks into standard and sub-standard categories are prescribed by RBI

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198. Mutual Funds are regulated in India by which among the following?
[A] RBI
[B] SEBI
[C] Stock Exchanges
[D] RBI and SEBI both

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199. Which among the following decides the Oil Prices in India?
[A] Government of India
[B] Government of Respective States
[C] Ministry of Petroleum
[D] Oil Companies

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200. Which among the following duties is applied by a Government to control the exports of a commodity, so that the commodity can be used by the local markets than in foreign countries?
[A] Custom Duty
[B] Excise Duty
[C] Anti Dumping Duty
[D] Dumping Duty

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