Indian Economy MCQs

31. The minimum interest rate of a bank below which it is not viable to lend, is known as ____:
[A] Reserved Rate
[B] Base Rate
[C] Marginal Rate
[D] Prime Lending Rate

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32. National Small Savings Fund is a part of which among the following?
[A] Consolidated Fund of India
[B] Public Account of India
[C] Contingency Fund of India
[D] Prime Minister’s Relief Fund

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33. Maximum share in India’s total external debt is of which among the following currency?
[A] US Dollar
[B] Indian Rupee
[C] Euro
[D] Japanese Yen

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34. The National Mission for Saffron has been launched as a subscheme of which among the following programmes?
[A] National Food Security Mission
[B] National Horticulture Mission
[C] Rashtriya Krishi Vikas Yojana
[D] National Cash Crop Programme

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35.  If the Reserve Bank of India wants to increase the Cash Reserves commercial Banks, which among the following would be the most probable step taken by it ?
[A] Release Gold from its reserves
[B] Buy bonds in the open market
[C] Prohibit the transactions that involve bill of exchange
[D] Increase the tranche reserves with the IMF

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36. Which among the following can not be called an ant inflationary measure?
[A] Raising the Bank Rates
[B] Raising the Reserve Ratio Requirements
[C] Purchase of securities in the Open Markets
[D] Rationing of the Credit

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37. Which among the following is the short name of highest authority in India for Indirect Taxes?
[A] CBED
[B] CBDT
[C] CBEC
[D] CBIT

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38. In India, the Foreign Exchange Reserves are kept in the custody of which among the following?
[A] Ministry of Finance
[B] EXIM bank
[C] Reserve Bank of India
[D] Selected Public Sector Banks

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39. What is the Capital Adequacy ratio for a new bank applying for license in India, as per the draft guidelines of RBI for issuing new bank licenses?
[A] 9%
[B] 10%
[C] 11%
[D] 12%

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40. Portion of deposits banks have to park with RBI is called ___?
[A] Statutory Reserve Ratio
[B] Capital Adequacy Ratio
[C] Cash Reserve Ratio
[D] CASA Ratio

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