1.  Consider the following statements: I. The first attempt to calculate National Income of India was made by Dadabhai Naoroj i.
II. The first scientific method to calculate national income of India was made by Professor VKRV Rao. Which of the statements given above is/are correct?

a

  Only I

b

 Either I or II

c

 Only II

d

 Neither I nor II

e
Both I and II
Answer & Explanation
Answer : Option E

2.  Which of the following are the scheduled banks?

a

  All of the above

b

 None of the above

c

 HDFC Bank Limited

d

 State Bank of Mauritius Limited

e
ICICI Bank
Answer & Explanation
Answer : Option A

3.  ICICI is the name of a

a

  bureau

b

 financial institution

c

 corporation

d

 None of these

e
chemical industry
Answer & Explanation
Answer : Option B

4.  The term 'Currency of India' refers to

a

  bank notes issued by Reserve Bank of India viz., Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100 and for other higher denominations

b

 None of the above

c

 one rupee notes and coins

d

 one rupee notes only

e
one rupee notes and coins and bank notes issued by Reserve Bank of India
Answer & Explanation
Answer : Option C

5.  Which of the following is NOT a foreign bank working in India?

a

  Yes Bank

b

 Standard Chartered

c

 All are foreign banks

d

 Barclays

e
HSBC
Answer & Explanation
Answer : Option A

6.  World Economic Situation and Prospects Report is associated with:

a

  None of these

b

 WTO

c

 World Bank

d

 United Nations

e
IMF
Answer & Explanation
Answer : Option D

7.  Whenever RBI does some Open Market Operation transactions, actually it wishes to regulate which of the following?

a

  Liquidity in economy

b

 Inflation only

c

 Borrowing powers of the banks

d

 None of the above

e
Flow of foreign direct investments
Answer & Explanation
Answer : Option A

8.  Opening of maximum number of ATMs is an example of

a

  None of these

b

 direct marketing

c

 indirect marketing

d

 All of these

e
social marketing
Answer & Explanation
Answer : Option B

9.  Banker-Customer relationship is often considered a fiduciary one. What is this relation based on?

a

  Contract

b

 Faith

c

 Agent and principal

d

 None of these

e
Commercial
Answer & Explanation
Answer : Option B

10.  What is an Indian Depository Receipt?

a

  None of these

b

 An instrument in the form of deposit receipt issued by Indian depositories

c

 A depository account with any of the Depositories India

d

 An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

e
A deposit account with a public Sector Bank
Answer & Explanation
Answer : Option D

11.  RBI constituted an expert committee for examining its current monetary policy framework. Who is the chairman of the committee?

a

  Dr. Anand Sinha

b

 None of these

c

 H. R. Khan

d

 Dr. Urjit Patel

e
K. C. Chakrabarty
Answer & Explanation
Answer : Option D

12.  RRBs are owned by

a

  None of the above

b

 State Government

c

 Central Government

d

 All of the above

e
Sponsor Bank
Answer & Explanation
Answer : Option B

13.  At present the trade between India and China is in a state of 'Payment imbalance'. What does this mean in real terms? ] (1) China does not import many items from India whereas India imports more from China. (2) China does not pay India in time and a lot of delay is reported by the exporters (3) India wants all payments to be made in US Dollars whereas China pays in its own currency.

a

  Only (3)

b

 None of these

c

 Only (2)

d

 Only (1)

e
All (1), (2) & (3)
Answer & Explanation
Answer : Option D

14.  CRR refers to the share of ........ that banks have to maintain with RBI of their net demand and time liabilities.

a

  None of these

b

 soft cash

c

 gold

d

 forex reserves

e
liquid cash
Answer & Explanation
Answer : Option E

15.  The investments done by 'those financial entities which were launched or incorporated in a foreign country but are investing in an indian venture in India' are generally known as

a

  Foreign Institutional Investment

b

 Current Account Money

c

 Patent Money

d

 None of these

e
Private Equity
Answer & Explanation
Answer : Option A

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