Q141.Which one of the following is not the function of Regional Rural Banks?
Correct answer: To take over the functions of Agricultural Refinance Corporation of India
Q142.Consider the following statements. 1. Inflation benefits the debtors. 2. Inflation benefits the bond holders. Which of the statement(s) given above is/are correct?
Correct answer: Only 1 [UPSC (Pre) 2013]
Q143.In India, regional rural banks were established in the year
Correct answer: 1982
Q144.Which one of the following is NOT a method to control inflation?
Correct answer: Reducing the rate of interest
Q145.Consider the following. 1. Regional Rural Banks 2. Lead Bank Plan 3. NABARD 4. State Bank of India The correct chronological sequence of establishing of these banks is
Correct answer: 4, 2, 1, 3
Q146.Which of the following price index number are used for calculation of Central Government employee wage compensation?
Correct answer: Consumer price index for industrial workers
Q147.Which of the following systems of Note-issue is followed by RBI?
Correct answer: Minimum Reserve System
Q148.With reference to India, consider the following statements. 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only. 2. As compared on Consumers Price Index for Industrial Workers [CPI(IW)] the WPI gives less weight to food articles. Which of the following statement(s) given above is/are correct?
Correct answer: Both 1 and 2
Q149.Scheduled bank is a bank which is
Correct answer: Included in the second schedule of RBI
Q150.Consider the following statements and state which is/are correct? 1. The sub-prime crisis which hit the U.S. economy was caused by sudden increase in oil prices. 2. The crisis led to default in home loan repayment. 3. It led to failure of some U.S. Banks. 4. Sub-prime crisis caused crash in Indian stock market. Choose your answer from the given codes.
Correct answer: Only 2, 3 and 4
Q151.Coins are minted in India at
Correct answer: Mumbai, Kolkata and Hyderabad
Q152.The most common measure of estimating inflation in India is
Correct answer: Consumer Price Index
Q153.Money Multiplier in India is defined as
Correct answer: Broad Money Reserve Money
Q154.Which one of the following statements is an appropriate description of deflation?
Correct answer: It is a persistent fall in the general price level of goods and services
Q155.Paper currency was first started in India in
Correct answer: 1861
Q156.Assertion
Correct answer: (A) is true, but (R) is false
Q157.Consider the following statements. 1. Gorewal Committee recommendation led to the establishment of State Bank of India. 2. 14 banks were nationalised on July 19, 1969. Which of the statement(s) given above is/are correct?
Correct answer: Both 1 and 2
Q158.An expression coined by economists to describe an economy that is growing at such a slow pace that more jobs are being lost than are being added
Correct answer: Growth Recession
Q159.The Prevention of Money Laundering Act came into force in India during
Correct answer: 2005
Q160.A rapid increase in the rate of inflation is sometimes attributed to the ‘base effect’. What ‘base effect’?
Correct answer: It is the impact of the price levels of previous year on the calculation of inflation rate
Syllabus roadmap
Topics to cover next.
01
General practice
Topic-wise questions and study coverage will appear here.